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.
Huobi has been persistently trying to develop and grow its international influence all around the world.
Following the news, the price of AMP immediately responded and went nose-diving.
Serenade founder Max Shand compares the release to the black band T-shirt that concertgoers and fans can purchase.
Alongside the potential Ledger funding news, the company has also floated its Non-Fungible Token (NFT) marketplace.
The sale of these necklaces will increase Tiffany’s profit to more than twelve million and the company is likely to gain even more via the resale royalties.
With the Bitcoin price, there are conflicting arguments regarding the market direction. While some experts believe the crypto winter is thawing, others suggest caution.
Last quarter, Ripple sold $408 million worth of XRP tokens in Q2, a 49% jump from the previous quarter.
The Bitget protection fund comprises 6000BTCs and 80 million USDTs.
Macro hedge funds may be positioning themselves in advance for the Ethereum merger in September.
Recently, FTX US launched zero-commission stock trading as part of its plan to bring crypto and stock investment into the same space for retail investors.
Over 99% of voters in the Aave DAO have voted in approval of the platform’s over-collateralized GHO stablecoin.
With the US GDP shrinking and interest rates rising, the crypto market so far hasn’t given up to the macro uncertainty. August could be a month of volatility.
The crypto lender said it has gotten the affirmative from Customer.io that none of its other data is involved in the breach so all users are to rest assured that no other surprise is on the way.
Ahead of its September mainnet merger, Ethereum Classic led the way in a recent price jump that also included other altcoins and DeFi tokens.
Blockchain company Ripple covered a host of segments in its latest Q2 2022 report including ODL adoption and XRP token sales.