What is a private key? In cryptocurrency, a private key is a protection password that grants owners access to their money. A lengthy string of characters is generated when you open a cryptocurrency wallet for the first time. You can control your coins from anywhere worldwide, provided you have your private key. In cryptography, the private … Read more
The disaster that rocked the FTX exchange caused damage to the trust the community have in cryptocurrency, though it may be a temporary one, it is a sad reminder of how Mt.Gox closed shop in a similar manner in 2014. In the next coming years, the trust in both founders Sam Bankman-Fried and Mark Karpeles … Read more
The movement of bitcoin and other cryptocurrencies to self-custody by holders reached a historic level a few days after the collapse of FTX. Data insight provider for digital assets glassnode tweeted that withdrawals from crypto exchanges to self-custody wallets surged by a record that has only been seen three times since 2020. “Following the collapse … Read more
From $1.72 on August 1, 2019, to an All-Time High of $85.02 three years after (September 9, 2021), the sudden collapse of FTX token (FTT), remains a mystery in the cryptocurrency market. Barely 14 months after its ATH, the price of FTX tokens is nearly back to where it started. It can be described as one … Read more
Following the official announcement by the founder of FTX Samuel Bankman-Fried on Friday, November 11, 2022, that he filed for bankruptcy of the crypto exchange, different authorities confirmed that the FXT exchange has been hacked. The world’s largest crypto tracking portal CoinMarketCap (CMC) on its site warned traders to be careful and warned them to, “avoid … Read more
The world’s most capitalized cryptocurrency Bitcoin didn’t make any significant break in the month of October, seating comfortably on $19K through the month even when it broke that mark – above or below – it returned to the $19 range. When it closed September 2022 at $19,431.79, it failed to push beyond that price as … Read more
Some of the most popular terms used in the world of finance and technology right now are Bitcoin and Cryptocurrency. A cryptocurrency is a form of digital currency that can be used to buy goods and services online. And Bitcoin is one of the most popular forms of cryptocurrency that is available right now. However, … Read more
Solana is an open-source project with high functionality that uses blockchain technology’s permissionless nature. It provides decentralized finance solutions. Solana’s idea and initial work started in November 2017 by Anatoly Yakovenko in a 32-page whitepaper. However, it was officially launched on March 16, 2020, by Solana Foundation based in Geneva, Switzerland. The Solana protocol facilitates … Read more
Many peer-to-peer and cash payment apps allow users to purchase and sell bitcoin. These apps offer a smaller range of services than brokers and exchanges. This article explores payment apps that have embraced cryptocurrency and making digital assets available on their apps for their users who are also crypto enthusiasts. Venmo Venmo, the latest cash … Read more
Despite the volatility that surrounds digital assets, the involvement of individuals, companies, and government in cryptocurrency continue to grow, especially in blockchain, the technology that backed cryptocurrency has come to stay. While some countries are unsure whether to legalize the use of crypto for transactions, states in the United have varying attitudes to crypto, no … Read more