Cryptocurrency

Ways Decentralized Finance Is Revolutionizing the Financial Sector

Decentralized Finance (DeFi) is transforming how we manage and interact with money in the areas of investment, insurance, derivatives, and other financial activities on centralized finance. Key Takeaways: What benefits will DeFi bring to the financial sector? And will it disrupt the traditional banking norms? We’ll explore several ways DeFi is revolutionizing the financial sector, its benefits, risks, […]

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The Pros and Cons of Cryptocurrency Investment

If you’re unfamiliar with the term, a ‘cryptocurrency’ is a type of digital or virtual currency. It operates independently of a central bank and is secured by cryptography, making it almost impossible to counterfeit. Simply put, it involves putting your money into these digital currencies with the hope that their value will increase over time.

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The Environmental Impact of Crypto Mining And Solutions

Intensive research carried out by environment and earth advocates says crypto mining has an environmental impact. This is due to the rate of energy that is required to mint new crypto coins. Mining is a method that is needed to validate cryptocurrency transactions. We’ll explain the process that is involved in crypto mining, how this

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What Are Cryptocurrency Wallets?

To buy and sell cryptocurrency, you need a tool to handle your coins, it is called a “cryptocurrency wallet”. Transactions in cryptocurrency are impossible without it. They serve as personal interfaces to the blockchain, the technology underlying cryptocurrencies. What are cryptocurrency wallets, why they’re important, how do they function, and what are the factors to consider

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Knowing The Key Differences Between Bitcoin and Altcoins Before Investing In Them

When Bitcoin came into being in January 2009, it was referred to as cryptocurrency, but the invention of Namecoin and Litecoin in 2011 and others that came up thereafter necessitated the need for a clear distinction between the first cryptocurrency and others that came up after Bitcoin, which are called altcoin. Today, there are almost

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List of Crypto Exchanges That Have Shut Down (2014 to Present)

Not all companies can live forever, cryptocurrency exchanges are no exception. Some of them are victims of internal compromise, hacks or intentional acts by their founders. For instance, in 2021, 103 crypto exchanges shut down even though Bitcoin reached its first-ever All-Time High of $69,044.77 (November 10, 2021). Here is a list of over 400 crypto exchanges

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Step-By-Step Guide to Buy Your First Cryptocurrency

From knowing what cryptocurrency is about to knowing the technology that powers it, this guide explores all you need to know before buying your first digital asset, including the best types of wallet and best practices to secure your wallet Key takeaways: What Is Cryptocurrency? When you hear the term ‘cryptocurrency,’ think of it as

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The rise and fall of Sam Bankman-Fried FTX and Alameda founder

12 Major Reasons Why Crypto Exchanges May Close Down

Security breaches, regulatory issues, operational costs, and lawsuits are some of the major reasons crypto exchanges may stop operations. From February 7, 2014, to August 31, 2023, 431 cryptocurrency exchanges ceased operation due to hacks, scams, and undisclosed reasons. Some of them that went out of operation in 2023 include Bizlato, RippleFox, Tokencan, and 60 others. Takeaways:

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