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.
The shortlist includes two current Fed governors, a former board member, and two executives from outside the central bank.
The platform manages custody, transactions, and settlement across multiple blockchains for financial institutions entering digital asset markets.
The company achieved a 26.0% BTC yield year-to-date through preferred stock offerings that funded the latest purchase.
The Virtuals Protocol (VIRTUAL) token surged nearly 100% in four days to $1.63 after integrating Coinbase’s x402 protocol.
The Virtuals Protocol (VIRTUAL) token surged nearly 100% in four days to $1.63 after integrating Coinbase’s x402 protocol.
Bitcoin and Ethereum prices recover suddenly, with the broader crypto market seeing a rally of almost 2% on eased macroeconomic tensions
Digital asset products saw $921M in inflows after September CPI data boosted investor confidence. Bitcoin led while Ethereum recorded outflows.
BNB completed its 33rd quarterly burn, destroying 1.44 million tokens worth over $1.2 billion.
WazirX’s plan to use customers’ XRP to offset losses from its $230 million July 2024 exploit has been rejected.
Chinese tech giant Ant Group applies to trademark “ANTCOIN” and blockchain services despite Beijing’s reported stablecoin suspension order.
Whales have withdrawn $188M in LINK from Binance since October 11, as the Holder Accumulation Ratio climbs to 98.9%, signaling strong investor confidence.
Mt. Gox has once again postponed its repayment exercise to creditors. Affected beneficiaries will have to wait another twelve months
JPYC launches Japan’s first yen-backed stablecoin, fully collateralized by bank deposits and government bonds, and deployed on Ethereum and Polygon.
ZCash (ZEC) has surged to a four-year high, outperforming all major cryptocurrencies as investor enthusiasm for privacy coins reignites.
Ethereum’s recent rally above $4,200 is facing resistance from whales, as investors send mixed signals for the asset.