Cryptocurrency mining, the backbone of blockchain networks, involves solving complex computational problems to validate transactions and add blocks to the blockchain, rewarding miners with digital assets. In the early days of cryptocurrency, solo mining was a viable approach, as the network difficulty was low, and the competition was minimal. Individual miners could use standard computer … Read more
Decentralized Finance (DeFi) insurance refers to a blockchain-based insurance system that operates without the need for traditional intermediaries such as insurance companies or brokers. In DeFi insurance, smart contracts are used to automate claims and payouts, allowing users to protect their digital assets in a decentralized manner. This innovative approach aims to bring more transparency, … Read more
The CEO of Independent Reserve, Adrian Przelozny, has disclosed that cryptocurrency users who are 65 years old and above have a good chance of being scammed because crypto fraudsters believe that “they are less familiar with the internet and technology”. He stated that the Australian-based crypto exchange is relying on its data, which revealed that … Read more
From Binance to OKX and Coinbase, there are over 200 cryptocurrency exchanges, but they do not have the same trading volume and the same number of supported coins on their platforms. Here is a list of top crypto exchange platforms. Binance Volume last 24 hours: $17,068,354,452 The exchange has consistently maintained the highest crypto assets … Read more
Bitcoin was predicted to close at $20,000 before the end of 2020 as far back as June 2020 and on October 25, 2021, it traded at $62,674.13 on most crypto exchanges. One of the earliest investors in cryptocurrency is a Norwegian who bought 5,000 BTC for just $27 several years back and is now one … Read more
On September 24,2021, eToro, a global multi-asset investment platform, announced the launching of a Decentralized Finance (DeFi) portfolio that put financial services on the blockchain. Since its founding in 2007, the innovations by the socio-crypto trading platform has been outstanding, the question we don’t always ask is: who is the brain behind the success stories of … Read more
Nigerians have traded at $8,761,051BTC on two major Peer-to-Peer (P2P) platforms LocalBitcoins and Paxful even as the Central Bank of Nigeria continues to block financial institutions from facilitating all transactions involving bitcoin and other cryptocurrencies. At the time of this report, 1BTC was N25,300,491.36 on Paxful and $48,960.56 on coinmarketcap. While Helsinki-based peer-to-peer bitcoin marketplace … Read more
Users of CoinJar can now make purchases with crypto MasterCard across Australia, the longest cryptocurrency exchange in the country said in an official message on Tuesday, August 3, 2021 To make it easier for its users to order the card, the firm has also embedded a button within its crypto app which users can simply … Read more
Despite crypto trading restrictions in Nigeria, you can still take a step further by earning from the comfort of your home by joining one of the best bitcoin mining pool sites. We will share with you some cloud mining platforms that allow you to use the computing power of mining equipment hosted in specialized data … Read more
The value of bitcoin is going to influence the price of other altcoins for the next decade if not more. Due to the volatility of cryptocurrency, we’ve witnessed how cryptos have fallen and risen over time. So, how exactly can you profit from the fall of ripple (XRP), one of the cryptos currently facing some … Read more