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.
While CoinLoan makes temporary changes to the withdrawal limit, the lending company assures customers of the security of their assets.
MAS is said to be considering additional restrictions on crypto services in Singapore.
Voyager Digital has had a very rough year, and this is reflected in both the performance of its stock and token prices.
Amid its ongoing financial crisis, Celsius has paid off another sizable sum of its debt to Maker as it fights to stay afloat.
Coca-Cola said that it will donate all proceeds of the sale to support South Africa’s OUT community, which works towards helping the LGBTQIA+ community.
Ethereum gas fee plummets as NFT sales and DeFi activity on the platform are on a sharp decline over the last two months.
VIP crypto credit card bitcoinblack, which was formerly exclusive to 10,000 members globally, is now available in the United Arab Emirates (UAE).
The long-awaited Cardano vasil hard fork has now been successfully completed and launched on its testnet. This means that soon, all the major changes and upgrades attached to the fork will be accessible on the mainnet.
Sam Bankman-Fried, the billionaire founder and Chief Executive Officer of FTX Derivatives Exchange has come to set the records straight about claims that the trading platform has eyes on bailing out distressed crypto miners.
EV tycoon Tesla Inc is about to make losses due to impairment on its Bitcoin losses.
Singapore-based cryptocurrency lender, the Vauld Group has joined the number of companies that are buckling under the weight of the ongoing crypto market price crash.
Didi Taihuttu said that his family continues to add more BTC during this recent price correction and expects the BTC price to touch $140,000 by 2025.
The CAR is taking its crypto aspirations up a notch by launching a native digital currency that will be backed by Bitcoin.
Binance Labs’ involvement in raising new capital for Magic Square will help the platform grow and also facilitate global Web3 adoption.
The trilogy of the European Union Council, Parliament, and Commission have finally agreed on the comprehensive Markets in Crypto Assets (MiCA) framework.