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.
After a depeg following the removal from crypto exchange FTX, the HUSD stablecoin has regained its USD peg. The company clarifies the matter.
The Galaxy Liquid Alpha Fund will be focusing majorly on expanding the company’s exposure to a wider range of crypto assets.
The US Trustee Office believes that there are questions concerning the operation of Celsius Network, its financial health, and how it was allowed to go into bankruptcy.
Former exec at Meta David Marcus has praised Bitcoin and its capabilities ahead of the highly-anticipated Ethereum Merge.
According to Brad Garlinghouse, Brazil is a critical marketplace for the company as it is of great prominence to entire Latin America, and the beginning of this initiative will ultimately encourage Financial Technology innovation in the entire region.
While investors are supposed to react positively to the news in the crypto space, the opposite is exactly what is being recorded.
Gemini Staking will cover users’ gas-related expenses as well as manage their private keys.
As the open interest for Ethereum options shoots to $8 billion, CME plans to bring ETH options contracts just ahead of the Merge event.
Mercado Libre said that Mercado Coin, which is based on the Ethereum ERC-20 token standard, will expectedly be available to its 80 million users in Brazil.
Neumann plans to launch a digital wallet that stores crypto. According to Forbes, the digital wallet by Flow will also be able to keep fiat currencies, including the US dollar.
The Snook partnership with Unstoppable Domains will usher in a larger and more diversified community to its online multiplayer game.
The Ethereum Merge Mainnet Readiness Checklist highlights several tasks for developers pending the mainnet launch.
Fidelity Chief Jurrien Timmer recently took to his Twitter page to share his thoughts on the value of Bitcoin.
The US recently secured the extradition of an alleged Russian crypto money launderer from the Netherlands on charges of Ryuk cybercrime.
Hopkin’s collection was developed to give admirers and collectors a way to visually appreciate the actor’s diverse professional experiences.