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
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 … 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: … 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 … 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 … 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 … 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 … 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 … Read more
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 … Read more
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 … Read more