What are NFTs and how do they work?
NFTs are among the most recent revolutionary technologies to hit the digital space in recent times. They certainly revolutionize the way we think of ownership, art, and collectibles. Unlike such cryptocurrencies as Bitcoin or Ethereum-which happen to be fungible, meaning one unit can be exchanged for another identical unit-NFTs are non-fungible, since they are offered…
Top most eco-friendly cryptocurrencies
Climate change has unequivocally emerged as one of the most significant and pressing challenges confronting the global community today. This issue has catalyzed a widespread imperative for businesses across various sectors to embrace and integrate sustainable and eco-friendly practices into their operational frameworks. The cryptocurrency industry is no exception to this broader trend. In recent…
Cryptocurrency and taxes; what you need to know
The IRS (Internal Revenue Service) incorporates cryptocurrency within its tax framework, delineating that income and capital gains derived from cryptocurrency transactions are subject to taxation. This regulatory stance underscores that while profits and earnings in the crypto realm face tax obligations, certain liabilities associated with cryptocurrencies may enjoy a tax-free status, reflecting a nuanced approach…
How to know the best time for investing in Cryptocurrencies?
Investing in cryptocurrencies can occasionally resemble a form of high-stakes betting due to its inherently speculative nature. The ability to predict with precision whether a particular cryptocurrency will appreciate or depreciate in value over a given timeframe remains elusive and fraught with uncertainty. This unpredictability mirrors the volatile nature of the market, where dramatic fluctuations…
How to protect your cryptos against scammers?
Scammers continually seek innovative methods to exploit financial systems, and the rapid expansion of cryptocurrencies has presented numerous opportunities for fraud. In 2021, cryptocurrency-related crimes reached unprecedented levels, with scammers absconding with $14 billion in digital assets. As an investor considering participation in the cryptocurrency market, it is imperative to be aware of these potential…
What are non KYC crypto wallets and how do they work?
(Non KYC) KYC is an abbreviation for “Know Your Client.” This is a set of norms and laws that allow financial organizations to verify the identification of their customers. KYC laws were initially enacted to combat laundering funds and terrorist activity. For a variety of reasons, cryptocurrency investors choose non KYC exchanges. Even if the…
Stocks vs cryptocurrency; what’s the difference?
Stocks, additionally referred to as a share, denotes the ownership of a portion of a corporation. In many circumstances, the stockholder gets to keep a portion of the company’s profits in the form of a bonus. Stock markets, such as the New York Stock Exchange, are principally where stocks are sold and purchased, or “traded.”…
What are the advantages and disadvantages of investing in cryptocurrencies?
Introduction to Investing In Cryptocurrencies Investing has always been an important subject to discuss and when it comes to cryptocurrency investing, it’s even more important. A cryptocurrency is a sort of virtual or digital currency which is encrypted, making it nearly impossible to fake or double-spend. A lot of cryptocurrencies feature decentralized systems built on…
What is Ethereum and how does it work?
Following Bitcoin, Ethereum (ETH) is the next most widely used digital currency. Established in 2015 by Vitalik Buterin and Gavin Wood, Ethereum’s valuation now accounts for around 20% of the $1.1 trillion worldwide digital currency market. Ethereum is, in the description of the cryptocurrency, “a worldwide, decentralized system for money as well as new kinds…
GPU mining; what it is and how it work.
GPU mining systems employ specialized computational hardware known as Graphics Processing Units (GPUs) to facilitate the validation of transactions within a blockchain network. These systems harness the processing power of GPUs to perform intricate computational tasks and solve complex mathematical equations that are fundamental to the blockchain’s consensus mechanism. In this process, the GPUs are…
