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.
Unstoppable Domains has achieved unicorn status after receiving funding from a pool of investors led by Pantera Capital.
In the proposal posted via the protocol’s community page, Harmony developers revealed that over 14 different asset classes worth close to $100 million were stolen from 65,000 wallets.
Coinbase, like most other crypto-linked stocks, has seen its values plummet on the back of the recent crypto market crash.
The IMF believes that several unsavory macroeconomic parameters, not including Bitcoin price slump, might soon trigger a recession.
Ethereum Classic has done a lot to distinguish itself from the Ethereum blockchain over time, and its core role has continued to diverge from those of Ethereum over the past few years.
According to Chris Janczewski, head of global investigations at TRM Labs, Discord may not necessarily have a weakness, but it is “just a very target-rich environment.”
This news came a few days after the CEO had uploaded a blog post bashing Twitter account holder Otteroooo for communicating wrong information about KuCoin across their social media handles.
Kraken said its culture sees the weaponization of the financial system as immoral. The company also noted it would disagree with government agencies regarding outdated laws that are unfairly exclusionary.
Coinbase shares dropped by a large margin owing to reports that the exchange will be probed by the SEC for an operational indiscretion.
Last month, Nubank expanded its services, offering the option to buy crypto to all of its customers. It started the crypto service with the largest cryptocurrencies by market valuation, Bitcoin and Ethereum.
Using Sango Coin, CAR plans to tokenize its mineral and land resources.
The company’s metaverse is being developed as a realistic graphics platform with islands that represent destinations in a global virtual game.
With Ripple’s ODL, FOMO Pay may now provide instantaneous and more efficient payment services to its users around the globe.
In its latest campaign, Chipotle seeks to distribute $200,000 worth of prizes in multiple cryptocurrencies such as Bitcoin, Ethereum, Solana, Avalanche, and Dogecoin.
Each of the four chosen participants was declared on merit following an intense round of reviews, live interviews, and due diligence processes.