On Monday, November 20, 2023, another crypto exchange bit the dust, following an announcement by Bittrex Global that effective Monday, December 4, 2023, all trading activity on its exchange will be disabled. The collapse of Bittrex Global, one of the global crypto exchanges, adds to the list of over 60 exchanges that ceased crypto-related operations in 2023. Effective Monday 4 […]
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The first time I heard about a bike that could mine Bitcoin as the rider pedal was in 2018. That was when 50cycles, a U.K.-based company unveiled a crypto mining electric bicycle. That’s when I know that the future of sustainable Crypto mining is here. I knew that 50cycles foray into using bicycles to mine Bitcoin
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The fact that financial regulators around the world have yet to solidify their stances on crypto lending makes crypto lending risky. Other risks associated with it include volatility, security risks, interest rate fluctuations, and lack of insurance. We will explain all the challenges of using crypto lending both for the lenders and borrowers. Challenges of Crypto
10 Hidden Risks of Crypto Lending You Need to Know Read More »
What is Crypto Lending? Crypto lending refers to the practice of lending cryptocurrency assets to earn interest. It operates within centralized finance (CeFi) or decentralized finance (DeFi) platforms. Takeaways: Types of Crypto Lending Centralized Platforms: Platforms like BlockFi, Celsius Network, and Nexo are centralized entities that offer crypto loans, usually with a more user-friendly experience and customer
Top 20 Benefits of Crypto Lending You Can’t Ignore Read More »
Providing borrowers with access to funds is the main purpose of crypto loans and traditional loans, but they differ in terms of collateral, interest rates, credit checks, loan terms, access and approval. This article explores crypto lending vs traditional banking lending, looking at what sets them apart such as: What Are Crypto Loans? Crypto loans are a newer
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If you’ve been following how some countries such as Qatar, Egypt, China, and Nigeria clamped down on cryptocurrency, you might be forced to ask: Does digital assets really hurt their economy? Here is the summary of what this article will cover: And of course, the goal of this article isn’t to demonize cryptocurrencies, but to
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The benefits of cryptocurrency on an economy include enhancing financial inclusion, being more cost-efficient for transactions and driving economic growth among others. This post explores the positive side of Bitcoin and other Crypto assets in our lives and how it can boost economic growth. The debate around Cryptocurrency Some analysts who criticized the popularity of
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Bitcoin price in August 2023 opened at $29,230.87, closing the month at $25,931.47, showing a noticeable drop of $3,298.64 from July’s 29,230.11 Here is the opening and closing price of Bitcoin from August 1 through August 31, 2023: Date Open Close Aug 31 27,301.93 25,931.47 Aug 30 27,726.08 27,297.27 Aug 29 26,102.49 27,727.39 Aug 28
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Bitcoin price in July 2023 opened at $30,471.85, closing the month at $29,230.11, a slight drop from the previous month. Here is the opening and closing price of Bitcoin from July 1 through July 31, 2023: Date Open Close July 31 29,278.31 29,230.11 July 30 29,357.09 29,275.31 July 29 29,319.45 29,356.92 July 28 29,212.16 29,319.25
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Bitcoin price in June 2023 opened at $27,218.41, closing the month at $30,477.25, an improvement from May’s $27,219.66 Here is the opening and closing price of Bitcoin from June 1 through June 30, 2023: Date Open Close June 30 30,441.35 30,477.25 June 29 30,086.19 30,445.35 June 28 30,696.56 30,086.25 June 27 30,274.32 30,688.16 June 26
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