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 »
September 2023 began at BTC/$25,934.02 in the Bitcoin community and closed the day at $25,800.72. But BTC pushed towards $30K, before closing the 9th at $26,967.92 to one Bitcoin, showing a slight difference from its August 2023 trade. Here is the price of Bitcoin from September 1 through September 30, 2023: Date Open Close Sept 30 26,911.69
Bitcoin Price in September 2023 Read More »
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
64 Crypto Exchanges That Shut Down In 2023 Read More »
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
Ever Heard About a Bicycle That Mines Bitcoin As You Pedal? Read More »
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 »
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