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 its offices in London, Blockchain.com presently possesses money transmitter licenses in the bulk of the states in the US and has persistently worked on receiving more registrations within the country.
Kim Kardashian’s lawyers argue that there’s no evidence of investors buying EMAX tokens after her Instagram posts.
OpenSea moved to Solana back in April, and now Magic Eden is returning the favour by moving to Ethereum.
In an updated version of its FAQs, the company explains the cause of its financial problems which includes general market volatility and the effects of its business partners’ own financial problems.
Shiba Inu’s team also stated that it is currently working on a testing schedule for Shiba Eternity but provided no information regarding exact dates.
The exploit left open access to all users who knew what to do and exactly how to do it.
The ECB noted that CBDCs provide a more credible alternative compared to unbacked digital assets.
Coinbase noted that there’s a growing interest among institutional investors for staking cryptocurrencies and generate passive income out of it.
Barça Studios can expect to benefit from Socios.com’s blockchain experience and global audience to deliver utility, reach more fans, and create additional revenue streams.
North Koreans are stealing information from LinkedIn and Indeed profiles and using fake resumes to land crypto-related jobs in rich countries.
Craig Wright is keen on appealing the case with Peter McCormack as he feels all the necessary considerations were not made before the judgment was passed.
W3BCLOUD specializes in providing storage and could infrastructure services to companies operating in the Web 3 space.
The California duo ran a crypto scam operation for more than two years and are now set to serve a cumulative sentence of over 4 years.
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others.
The sale of CryptoPunks NFTs surged dramatically after iconic jewelry brand Tiffany announced a limited-edition NFTiffs jewelry collection.