Bitcoin soared to its highest price in nearly 20 months, reaching more than $42,000 in the early hours of Monday before falling back to $41,752.90 by night, thanks to frenzied investor speculation that interest rates will fall as 2024 approaches. Following the same speculation that interest rates might fall in 2024, the price of gold […]
Bitcoin Soared Above $42K, Highest in 20 Months As Gold Reaches ATH Read More »
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,
Ways Decentralized Finance Is Revolutionizing the Financial Sector Read More »
In 2017, the world saw Bitcoin rise from $900 USD to $20,000. And by November 10, 2021, it reached an All-Time High (ATH) of $69,044.77. It was unexpected. Takeaways: When there is a boom in the crypto market, you just have to moderate your excitement because it may crumble within seconds just as we can
10 Ways to Safely Invest in Crypto To Minimize Losses Read More »
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.
The Pros and Cons of Cryptocurrency Investment Read More »
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
The Environmental Impact of Crypto Mining And Solutions Read More »
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
What Are Cryptocurrency Wallets? Read More »
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
Knowing The Key Differences Between Bitcoin and Altcoins Before Investing In Them Read More »
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
List of Crypto Exchanges That Have Shut Down (2014 to Present) Read More »
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
Step-By-Step Guide to Buy Your First Cryptocurrency Read More »
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:
12 Major Reasons Why Crypto Exchanges May Close Down Read More »
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