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.
Tenacious Tacos is also ready to reveal its native token, where all owners can proclaim a preset amount of $StrEATS Cred, with a particular bonus amount being allotted to those who minted but did not list or sell their Tenacious Taco NFT.
Catholics around the world still hold dissenting views on the use of cryptocurrencies.
The Agricultural Commerce Bank of Zhangjiagang issued the first e-CNY loan of $75,000 keeping an intellectual property as collateral.
As Michael Saylor steps down, President Phong Le will be taking over the mantle as the new CEO at MicroStrategy. Meanwhile, Saylor will be assuming the role of Executive Chairman to focus on Bitcoin strategy solely.
The latest move has been lauded as a vital one for the ApeCoin project as it will provide it with significant exposure in the mainstream. The digital coin at press time was trading at $7.20, up over 11% in the past 24 hours.
While Saylor’s role will now be in the background, MicroStrategy will now be led by Phong Le who has been named the new CEO.
Luno CEO and co-founder Marcus Swanepoel noted the importance of regulation to the mass adoption of cryptocurrencies.
Oxford City FC-branded Bolt Cards have also been made by CoinCorner in a limited quantity to commemorate the partnership and are available for purchase in the club store.
Reports have also noted that the presence of other crypto-related domain names offering .sol (Solana), .bitcoin, and .zil (Zilliqa) domains, have increased in the market.
As part of the recent unlocking, users can transfer the three altcoins – SOL, ADA, and XRP – from its Z wallet to the Trade wallets.
By far, the Bored Ape Yacht Club NFTs are some of the most acclaimed collectibles in the market today.
NYDFS has charged Robinhood for failing to take sufficient compliance measures to address risks and other money-laundering issues.
Messari will use the tools provided by Dove Metrics to monitor top projects and technologies attracting investments in real-time.
Blockchain auditors OtterSec, have hinted that the attack is ongoing and more than 8,000 wallets have been compromised so far.
CoinShares said it did a thorough review of its risk management procedure in Q2 2022.