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.
Ava Labs’ president said that institutions continue to explore the blockchain and crypto space by undertaking interesting new projects.
A number of XRP proponents seem to be celebrating the dumping of the XRP tokens by Jed McCaleb for reasons that may be personal to these individuals.
The NFT market went big last year, getting the attention of notable names across different spheres of life. As a result of the NFT craze, the global NFT market hit $17.6 billion last year.
Bitcoin and Ethereum have shown a strong upside over the last weekend. A strong weekly closing can result in a further price rally ahead this week.
KuCoin is positioned to expand its presence across new markets, primarily Europe, South Asia, the Middle East, Africa, and Latin America.
All thanks to increasingly progressive regulations and more institutional involvement in both countries, Germany and the U.S. claim top spot in new ranking of most crypto-friendly countries.
Now that the September 19 date is in view, the Ethereum Foundation developers will set a timeline for the “Difficulty Bomb” to be activated.
Not many blockchain firms have the United Nations Sustainable Development Goals (SDG) at the core centre of their operations, but 5ire does.
It was observed that the funds going to mixers primarily comes from Darknet markets, hackers, North Korean Lazarus Group, Defi protocols, centralized exchanges, as well as addresses connected to illicit activities linked to sanctioned countries.
The total amount of USDC in circulation as of June 30 was $55.57 billion, according to Circle, which has stated that it is completely backed.
UnCaged Studios said that they will use these funds for the further development of the popular Solana-based game MonkeyLeague as well as release new games in future.
The secured fund, according to reports, would be used for creating data analytics, user-friendly crypto infrastructures, and financing solutions.
Despite the layoffs, the company will not take its eyes off its core goals which are to build a sustainable and “build a foundational layer for new, peer-to-peer economies.”
Due to its explosive popularity in less than two years, a VMR report predicts that the NFT market will swell to over $231 billion by 2030.
Uniswap (UNI) is the latest among the list of cryptocurrencies that Robinhood has been offering support over the last few months.