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.
As Elon Musk predicts inflation going down in upcoming months, here’s what it means for Bitcoin and crypto markets.
The product manager job posting might also mean that Morgan Stanley is looking forward to providing its financial advisors with a variety of services or products to choose from.
Despite the Q2 2022 bear market in Q2 2022, BNB Chain saw a substantial increase in users for the period, rivaling other networks.
Since the complete sellout, the floor price of Tiffany NFTs has dropped from the sale price. The current floor price is now about 27 ETH or $46,000.
Lobkowicz said he wants to protect his family’s past by repairing the artifacts and safeguarding them using NFT.
Nomad has announced that it will forfeit 10% of funds stolen via a hack as a bounty, to anyone who returns the remaining 90%.
Voyager filed for Chapter 11 bankruptcy a few days after halting withdrawals, claiming it was part of its reconstruction plan.
Lattice Capital is planning to invest in 40 to 50 different companies writing each a cheque of $500,000 to $1.5 million.
BH Digital’s current capacity of $1.5 billion is expected to rise as the firm is still open to more investment, accepting a minimum commitment of $5 million.
According to reports, the pilot will focus on two important factors namely: The Foundation track and the Innovation track.
In resolving the potential favoritism that may be shown amongst the two Ethereum protocols in the future, Vitalik Buterin is proposing that the ecosystem should learn to adopt a wide range of stablecoins in order not to concentrate power on just a single protocol.
According to a recent announcement by the Poloniex exchange, it would start supporting the ETHW next week.
Binance said that it will offer crypto card users 8% cash back on purchases made at online and in-store merchant locations.
In 2017, the Treasury Department placed a $110 million fine on BTC-e for violating US anti-money laundering laws and a $12 million fee against Vinnik.
Concerns are being raised about how the OCC may have exposed the American banking system to the avoidable risks of crypto.