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.
With a pre-sale price of $1.5, the team behind the project is promising not to permit prices to fall below this level, irrespective of market conditions.
More companies are letting staff go to survive this troubling time, and thousands of people have lost their jobs.
Yahoo plans to explore the effectiveness of immersive technologies in connecting with people regardless of time or location.
Panetta disclosed ECB would most likely cap the number of digital euros between 1 and 1.5 trillion tokens.
Citing “extreme market conditions” for blocking withdrawals, Celsius has appointed Citigroup and a law firm to advise on possible solutions.
As the US Fed steps in to control inflation, the Bitcoin market is likely to stay volatile. This could also be the beginning of Bitcoin’s long-term consolidation.
The NYSE ex-president would work for Uniswap on its regulation in DeFi.
The Inery network’s strategic blend of decentralized data management and a cross-chain interoperable blockchain gives users control of their own information.
Timmer revealed how technically oversold Bitcoin is, stating that Glassnode’s dormancy flow indicator is now at levels not seen since 2011.
EarthFund attempts to address a variety of difficulties that have discouraged individuals from contributing to worthy charities.
OpenSea said that the shift will save users about $460 million in transaction gas costs every year. Besides, the Seaport protocol also provides OpenSea with greater flexibility to launch new features.
Hopes are high that the restructuring will help Celsius regain its lost value.
Chevrolet is not the first automaker to plan an NFT auction. It follows other market leaders like Hyundai, McLaren and Lamborghini.
Three Arrows Capital is just one of several venture capital firms that are reeling from the pangs of the current crypto winter.
Estonian NFT infrastructure startup NFTPort plans to channel its newly-acquired funding towards scaling its operations in the NFT space.