For the average millennial or at least anyone that pays attention to the business world, the term “cryptocurrency” would not seem like such a strange word. If that is, then the terms Bitcoin, Ethereum or at least Blockchain should ring a bell. One might wonder, why are these terms suddenly so prevalent, especially cryptocurrency news? Computing is getting rather pervasive and the society is leaning towards digital services. The finance world too isn’t spared as the disruption of technology into this sector has fostered the birth and development of Fintech organizations.
These Fintech organizations look to digitize payments and transactions, offering the same services that are currently in existence but in a better, efficient and more effective way.
Blockchain is the network upon which most of these cryptocurrencies operate on. The history of blockchain and bitcoin, in particular, does not have a definite story. In 2009, an individual or group of individuals known to be “Satoshi Nakomoto” developed and published the technology to allow people make digital payments between themselves anonymously without having an external party to verify or authorize the transfer of the currency being exchanged.
Although technologies like this might seem rather complex, understanding how Blockchain works is quite easy, given that one has a basic idea of how networks work. Blockchain is simply a database shared between several users, containing confirmed and secured entries. It is a network, where each entry has a connection to its previous entry.
This technology affords a very secure model whereby every record in the database cannot be tampered with. Apart from the stellar security that this network offers, the transparency and speed at which the network operates give it an edge over the conventional way of conducting transactions.
In simple terms, cryptocurrencies are just monies in digital form, transacted via digital means and over a digital network. The transfer of these currencies is utilized with cryptography and the aforementioned blockchain network. Up until the 2010s, cryptocurrencies were not really known until Bitcoin made its breakout and this gave rise to the birth of new cryptocurrencies.
Cryptocurrencies have had their fair share of bullish and bearish trends, going to show how unstable they can be. The latest cryptocurrency news reports lots of people predicting prices for various cryptocurrencies in the years to come but no-one can say for sure.
Blockchain, on the other hand, is making its way into pervasive computing, especially IoT, giving way for the development of new solutions that embrace data security and transparency.
With Binance and FTX exchanges now in the mix, things have gotten more interesting in the bid to buy Voyager’s assets.
While ChainShot has been on a roll lately, its acquirer Alchemy has also been gradually rising its developer resources.
Under Voyager’s “key employee retention plan” or KERP, the company will be allowed to make payments to its non-insider employees whom the company sees as key assets for their revival plans.
Symbolic Capital’s $50 million fund launch will seek to support early-age startups in the Web3. It will be a completely data-driven platform for deciding on upcoming investments and supporting its portfolio companies
The collectibles are currently listed on the non-fungible tokens (NFT) marketplace OpenSea.
The Ethereum Foundation has explained how the Merge upgrade will happen in two different parts on the consensus layer and the execution layer.
According to Chief Executive of Bitcoin Depot, Brandon Mintz, the firm made record sales and earnings in the second quarter.
Currently, Thirdweb services are employable on the Ethereum, Avalanche, and Fantom blockchains.
A recent report indicates that many businesses and individuals have understood the convenience of using crypto as a medium of payment.
Scammers have continued to employ new tricks of swindling crypto users out of their prized NFTs.
Tether said that they haven’t received any specific request from law enforcement for freezing the addresses. The USDT issuer said that they refrain from unilaterally freezing secondary market addresses.
In July, KINGSHIP converted its 5,000 access-enabled Key Cards into NFTs and sold out the entire collection.
The cbETH token will give customers the option to sell, transfer, spend, or otherwise use their staked-ETH while it remains locked.
Coinme is a major licensed cryptocurrency cash exchange, established in 2014 with the goal of becoming the most reliable access point to digital currencies and a more secure financial future.
Current NFT financialization practices are along five verticals: NFT aggregation, fractionalization, lending, pricing, and rental.