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.
Nexo says its lawsuit against a former director results from several infractions, including breaching an agreement.
Talking about the recent undertaking, Crypto.com’s Asia and Pacific general manager Karl Mohan claimed that the evolution from proof of conception to complete scalability took not more than 8 weeks to materialize.
CoinFund has been a dedicated investor in the digital currency ecosystem for a while now, and the companies in its portfolio include Blockdaemon, Polkadot, Dapper Labs, and Rarible.
The SEC said in a February 28th filing that Kumbhani had possibly disappeared from India as his whereabouts were unknown.
Leading American exchange Coinbase has been served a fresh class action lawsuit for causing substantial loss in crypto assets to users.
Considering its latest move of filing an LDA, Digital Currency Group could be doing more lobbying in the coming times.
With its bankruptcy proceedings well underway, Celsius Network’s customers are trying to point out what the green light at the end of the tunnel is.
The SEC said that Dragonchain continued with the sale of the DRGN tokens even after their warning about security tokens.
The startup launched its venture arm earlier this year with $100 million in committed capital to back innovative projects in the Web3.0 ecosystem.
The Kingdom Quest game has scheduled an initial DEX offering (IDO) on August 19th, 2022, with the Beginning’s launch set in September 2022.
The proposed bill will task the U.K. Treasury with defining what DSAs are and assign the Bank of England (BoE), Financial Conduct Authority (FCA), and Payments Systems Regulator (PSR) various powers to enforce the rules.
Its UK registration is preceded by news of Crypto.com becoming the first global cryptocurrency platform to sign a preregistration undertaking with the Ontario Securities Commission (OSC) of Canada.
Recorded Google investment in blockchain since last September crossed $1.5 billion, surpassing any other company in the same time frame.
To aid adoption, the government has also been rolling out incentives in different provinces, including reduced ticketing costs and shopping prices when paying with the e-CNY.
Until recently, there was no proper regulation of the crypto industry in Colombia, however, with the increasing the number of crypto owners in the country, the government realized the necessity for working on regulatory framework for all the issues related to digital assets.