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 […]
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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
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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,
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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
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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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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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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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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 »