What does cryptocurrency liquidity entail and why is it a fundamental factor to consider for countries planning to adopt cryptocurrencies into their financial systems? Takeaways: The Definition of Cryptocurrency Liquidity Cryptocurrency liquidity refers to the ability of a digital asset such as Bitcoin to be quickly bought or sold without causing a significant price change in the … Read more
What makes Ethereum unique as a cryptocurrency and its influence in the financial space? Could it be the future of decentralized finance? Key Takeaways: What is Ethereum? Ethereum is a decentralized, open-source blockchain, which was designed to enable the creation and execution of smart contracts and decentralized applications or dApp. Basically, Ethereum takes the concept … Read more
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 … 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, … Read more
In July 14, 2010, the price of Bitcoin was just $0.04865, but by December 16, 2024, the world saw Bitcoin reach its All-Time High at $106,488.25/BTC. We migth see more people jumping in to invest in the most valuable cypto. But you have to invest with caution, that’s why we put this together for you. … 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. … 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 … 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 … 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 … 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 … Read more