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.
Through the Coin98 partnership, Opera Crypto Browser users will now be able to access more Web3 applications which include NFTs and DEXs.
Reddit has stated that the avatars aren’t NFTs. Thus, users do not need an existing crypto wallet to buy them.
LedgerLive is making asset swaps as seamless as possible with its new partnership with FTX.
The first of the three executives who left JPMorgan is Samuel Shah. Shah, until his exit, was head of the bank’s Ideation and Digital Innovation department.
One of the allegations Solana Labs is facing in the lawsuit is that SOL is centralized crypto that the defendants benefitted from.
Ethereum developers successfully conduct the Merge upgrade on the Sepolia public testnet. However, they still encountered minor hiccups during the launch.
Hack attacks on DeFi protocols are significantly on the rise and Crema Finance might be the latest victim of their flash loan attack tactic.
Maker Protocol is not currently allowed to provide direct loans in US dollars to borrowers, hence, this collaboration with HVB is a huge milestone.
The acceptance of Dogecoin by the Las Vegas Loop system is Elon Musk’s way of displaying support for the Dogecoin cryptocurrency.
CleanSpark joins the list of Bitcoin miners to liquidate their BTC to cover costs. The company continues to use the proceeds of sale to buy more mining rigs and expand further.
SHI’s goal is to act as a global stablecoin that will operate in both Ethereum and Shibarium in the conditions of fluctuating cryptocurrency market.
The firm’s gaming system is built on Libplanet, allowing developers to design blockchain applications fully on the Unity game platform.
Ondo Finance secures $10 million in fundraising by diluting 2% of its total tokens through the public sale. The recent fundraising comes despite a major slowdown in the DeFi market.
Beyond 7 Aurelius, LimeWire has also scheduled the unveiling of NFTs belonging to Gramatik and Elijah Blake for July 10 and 12, respectively.
The news of the Nothing NFT project precedes the long-awaiting Phone (1) launch. The Nothing Phone (1) is the company’s first smartphone.