Altcoins

Cryptocurrency came into existence in 2009. Since its invention, the market has grown significantly; today, there are over 20000 cryptocurrencies. It has become a competitive market with key industry players and competitors. Further, the industry has developed different terms and phenomena, such as 'Altseason' and 'Altcoins,' which cryptocurrency experts and traders explain. Bitcoin was the first and most significant cryptocurrency. However, several other cryptocurrencies have come up, including Monero, Ethereum, XRP, and Dash, which are all alternative coins. These alternatives to…

Crypto coin trackers are websites, apps, or other programs that allow you to manage your cryptocurrencies and track how your funds vary. These trackers link with an individual’s crypto wallets, so it is easy to get information on how crypto markets vary in value consistently. The trackers are essential to many people who have ventured into crypto trading, considering that there are over 84 million active crypto wallet users globally. These coin trackers are vital because they record transactions and other…

Since the inception of Bitcoin in 2008, there has been a spike in the hype surrounding cryptocurrencies and blockchain. Though Bitcoin has dominated the market, more cryptocurrencies come into the market daily, with over 20000 digital currencies circulating the crypto world. A new era is in play for safer, sustainable, and profitable solutions for financial and investment spheres. More cryptocurrencies mean more options for multitudes fascinated by this dimension, which proves the typical notion that only big players can trade…

Anyone hanging around the crypto space in 2023 will recall the meteoric rise of all crypto assets, BTC and ETH, especially, which peaked at $69,000 and $4,500, respectively. The entire bull run was by the BTC halving, ETH's rampant innovation, and, most importantly, the DeFi and NFT craze. Since then, the crypto market has been in a 1-year-long recovery phase, with thousands of projects leaving the scene and even more coming up. Since the bull run, one of the leading…

The crypto industry has, for a long, been very unstable. Bitcoin, for example, has experienced episodes of very high liquidity, then later very low liquidity. Liquidity is the ability of an asset to be converted to cash.  Recently, however, the crypto world has seen the rise of crypto liquidity providers. So who are crypto liquidity providers, why do we need them, and what do they do? We will discuss all these in detail in the sections below.  Who are Crypto…

Tokenization is substituting a tangible or non-tangible asset with a digital equivalent. Inside the tokenization sphere, Stablecoins is a concept that has been making constant headlines. Starting with USDT (Tether), stablecoins have increasingly become the greatest craze in the crypto industry. Stablecoins allow us to transfer and transform the volatility of cryptocurrency into a stable asset. In a previous post, we discussed the most important form of Stablecoin there is - the US dollar. Owing to its relative stability, global acceptance,…

Stablecoins are cryptocurrencies designed to minimize the volatility danger of the notoriously unstable Crypto market. Theoretically, a stablecoin can be pegged to a cryptocurrency, fiat money, or exchange-traded commodities (such as precious metals or industrial metals). Since the advent of USDT - Tether in 2015, traders have felt a greater safety from the market's constant volatility. Stablecoins today are blockchain-based and usually tied to traditional assets, currencies, or a basket of assets and currencies. USD is traditionally the most sought-after…

Tax authorities worldwide try to benefit from the wealth in cryptocurrency with varying degrees of success. Countries like the UK, Israel, Denmark, Switzerland, Argentina, and Bulgaria all have crypto taxation laws in different classifications. However, other countries allow their citizens to trade cryptocurrency with zero taxation. These include Portugal, Germany, Singapore, Malta, and Malaysia.  While countries have made milestones in cryptocurrency taxation, understanding the process is still complicated. Some guidelines are vague or sophisticated, which frustrates crypto users who wish…

The Commodity Futures Trading Commission (CFTC) is a US-based agency established by the Commodity Futures Trading Commission Act of 1974 to regulate the commodity futures and derivatives markets, including option markets, futures, and Swaps.  The commission's primary goal is to promote futures markets' competitiveness and efficiency while protecting traders against unscrupulous activities, fraud, and abusive trade practices.  CFTC has five committees; Agriculture, Global markets, Technology, Energy & environmental markets, and Coordination between the CFTC and SEC, each headed by a…