Cryptocurrency

In Investing & Trading

Current positive and negative Challenges In Cryptocurrency Markets

November 16, 2023 4 Mins Read

Uncertainty about cryptocurrency As an increasing number of individuals come to recognize and appreciate the manifold benefits associated with cryptocurrency, and consequently begin to adopt these digital assets as a viable medium of payment, there is a concomitant potential for an enhancement in the overall confidence and trust in digital currencies. This shift towards greater acceptance could significantly bolster the credibility and mainstream integration of cryptocurrencies within various economic and financial systems. To facilitate this…

In Cryptocurrencies

AI and Cryptocurrency

November 2, 2023 6 Mins Read

AI Coin represents a specialized cryptocurrency engineered to facilitate and energize blockchain networks dedicated to artificial intelligence, such as The Graph and SingularityNET. This digital asset serves as a critical utility token within these ecosystems, enabling users to engage with and leverage the advanced AI technologies embedded within these platforms. In practical terms, users are required to expend AI Coin to gain access to the comprehensive array of services and functionalities offered by these blockchain-based…

In Cryptocurrencies

What is Shitcoin and how does it work?

September 20, 2023 11 Mins Read

What Exactly Is Shitcoin? A “shitcoin” denotes a category of cryptocurrency characterized by its minimal to nonexistent intrinsic value and its lack of any immediate, discernible utility within the digital or economic ecosystem. This term is intrinsically pejorative and is commonly employed to describe alternative cryptocurrencies or digital assets that have emerged in the wake of Bitcoin’s ascendancy and mainstream recognition. The devaluation trajectory of a shitcoin is often attributable to several factors, including the…

In Cryptocurrencies

What is Ecash and how does it work?

September 19, 2023 4 Mins Read

What Exactly Was eCash? eCash was a groundbreaking digital platform designed to facilitate the untraceable transmission of payments, safeguarding the anonymity of users engaging in microtransactions over the internet. Launched in 1990 by Dr. David Chaum under his company DigiCash, which was founded the previous year, eCash positioned itself as an innovator in the burgeoning field of cryptocurrency. Despite initial interest from major financial institutions, eCash (XEC) struggled to gain widespread adoption. This lack of…

In Investing & Trading

What are NFTs and how do they work?

September 1, 2023 6 Mins Read

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 in the creation of unique digital assets which cannot be replicated or replaced. But what really sets NFTs in such…

In Cryptocurrencies

Top most eco-friendly cryptocurrencies

August 20, 2023 5 Mins Read

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 years, the cryptocurrency sector has witnessed a burgeoning array of environmentally conscious initiatives designed to mitigate energy consumption and positively…

In Cryptocurrencies

Cryptocurrency and taxes; what you need to know

June 30, 2023 5 Mins Read

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 to digital asset taxation. Please keep in mind that all information mentioned in this article are based on laws of…

In Investing & Trading

How to know the best time for investing in Cryptocurrencies?

June 27, 2023 5 Mins Read

Timing is everything when investing in cryptocurrencies, for their nature is highly volatile. Understanding the best time of investment will considerably affect your return, since the market is prone to constant price changes depending on factors such as sentiment, regulation news, technological advancements, and global economic trends. Investors should understand the ups and downs of the market, its history, and any external influences that might indicate the right time to invest. These dynamics coupled with…

In Cryptocurrencies

How to protect your cryptos against scammers?

June 22, 2023 4 Mins Read

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 risks. Vigilance and informed decision-making are essential to navigating this dynamic landscape and safeguarding your investments against fraudulent activities. Frauds…

In Investing & Trading

What are the advantages and disadvantages of investing in cryptocurrencies?

June 10, 2023 7 Mins Read

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 the blockchain system, which is a distributed database maintained by a collection of computers. Custodial vs non-custodial crypto wallets The…