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.
Coinbase is not taking the SEC’s allegations lightly. The exchange intends to dispute the regulator’s claims in every possible way.
Amid an underperforming crypto and equities market, JPMorgan states that firms such as Coinbase and Robinhood may resort to stock dilution.
CZ noted that these defamatory statements were deliberately written to malign him and mislead readers into believing that they engage in illegal or unsavory activities.
Chia said that they identified a major security vulnerability in the token’s standard following which they decided to re-issue their CAT asset tokens.
Recently, a few other digital assets exchanges have announced their expansion to Italy. Among them are Binance, BitGo, Coinbase, and Crypto.com.
The agency is currently more focussed on aggressively and thoroughly creating a system to regulate markets with mechanisms already provided to them.
At the 5th Digital China Summit in Fuzhou, several financial institutions unveiled e-CNY-powered products.
Aptos is working on “next generation Layer 1” blockchain solutions specifically for the Web 3 world and its goal is to bring blockchain technology to masses.
Meanwhile, it appears shareholders are pleased with Tesla selling 75% of its Bitcoin holdings.
The mainstream digital currencies including Bitcoin, Ethereum (ETH), and Solana (SOL) amongst others will always be pitched as relieving assets that can partially serve as a hedge against inflation.
Ethereum co-founder Vitalik Buterin recently offered Ethereum Classic as an alternative for people averse to the ETH PoS upgrade.
As part of the project development for Holepunch and Keet, Bitfinex and Tether shall be investing $10 million with higher investments at the later stage.
Despite its current woes in the United States, Ripple has continued to break into new markets.
Essentially, Ether isn’t the only crypto that is rallying. The entire crypto market has picked up in the last ten days by nearly 19%.
According to the legal firm, Yuga labs also launched the ApeCoin to defraud investors.