Bitcoin Price Rebounds Above $65k Amid Heightened Greed
The recent Bitcoin price rise above $65K has carried with it the altcoin market led by Solana, Toncoin, and Avalanche, among others.
The recent Bitcoin price rise above $65K has carried with it the altcoin market led by Solana, Toncoin, and Avalanche, among others.
It’s been two weeks since the halving and the price of Bitcoin has not seen a sizable jump. Rather, the coin has seen significant bearish fluctuations, going below $60,000.
The launch of the crypto trading platform in Hong Kong comes a few days after the introduction of Bitcoin and Ethereum spot ETFs in the market.
As Crypto.com aims for its next 100 million users, ongoing innovation and teamwork will be key.
The SEC in the Philippines is set to unveil crypto guidelines that will guide trading and other related activities in the country.
According to Shibburn, the Shiba Inu crypto saw a remarkable 4000% surge in its burn today, on May 6.
The blockchain infrastructure sector attracted over $1 billion in crypto funding in April, closely followed by the DeFi, CeFi, and GamiFi sectors.
Visa’s metric filters out bot-driven and high-volume trader transactions, revealing that only $149 billion of $2.2 trillion in stablecoin transactions were from genuine user activity.
The updated law welcomes donations in local government-issued, KRW-pegged stablecoins and blockchain-based gift vouchers.
Novel protocols like Bitcoin Ordinals and Runes have been bringing in more activity to the world’s first blockchain.
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.