Altcoins

Financial Conduct Authority (FCA) is considered relatively new in the financial service sector. It has been less than a decade since the regulator took over from its predecessor Financial Services Authority (FSA), in 2013. Such a transition is bound to cause some confusion on the scope of the regulatory measures in place. The broad and complex world of crypto assets and its evolving market is critical in defining what falls under FCA regulations. As a consumer, you need to be…

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin's creators to "burn," i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. In a coin burn, the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an 'eater address.' However, the keys to…

Blockchain, the pinnacle of decentralized, distributed, and transparent technology, is at its base a Platform. What is a Platform, you ask? A technological sense platform is a nurturing ground for growing and building applications that serve various purposes. Being a platform, blockchain can be used for a variety of purposes. Moreover, with a general-purpose technology like blockchain, there is no limit to what innovations can be made. One such variety in blockchain projects today is the distinction in their native…

Investors across the globe have always avoided the crypto market for its baffling qualities. The crypto world is renowned for its volatile prices that can ordinarily see prices fluctuate by a margin of up to 20%. This is why large investors are skeptical about joining the market. Sleeping a rich man and waking up impecunious as you lost all your wealth is common. However, the United States Securities and Exchange Commission, SEC, to join the industry might change the perception of…

Prestigious European football clubs are the latest to develop a cryptocurrency fan token in partnership with the blockchain company Chilliz. For example, Barca Fan Tokens (BAR) are available worldwide for Barcelona football club fans who can use them to support the club by taking part in polls, and surveys, making purchases, and getting rewards on Chilliz sports and entertainment platform, Socios.com. Barcelona is among many prominent football clubs looking to engage their fans worldwide in club decisions by introducing a fan…

Synthetic assets have been a standard fixture in the traditional financial market. However, with the financial world shifting to a digital approach, it is no surprise that synthetic crypto assets are also cropping up. Like many other investment vehicles, synthetic crypto assets are similar to those in the traditional market. This article will delve into the details of synth assets and how they work. But before we get into the nitty-gritty details of synthetic assets, how about a short recap…

This saying keeps repeatedly circling according to the strength of a cryptocurrency like Bitcoin in its network. The greater the number of individual contributors and supporters of the network, the higher its resiliency towards external threats. In the blockchain, there is a direct correlation between the number of participants and network security. There is strength in decentralization. The reason for the interdependence between participants and security, at least for Proof-of-Work coins like Bitcoin, is the amount of work put in.…

Dogecoin is popularly known by its mascot: Shiba Inu, known in most social communities across the internet. It was developed based on an already existing coin called Luckycoin but had some slight modifications to fulfill its purpose. Dogecoin also uses Scrypt Technology in its proof of work protocol, making it a derivative of Litecoin. There were many perceptions surrounding cryptocurrencies, and one of them was that it was meant purposely for the elite who are technically inclined to use them.…

The Bitcoin halving is just around the corner, and the cryptocurrency market seems to emerge scarred but undefeated from the COVID-19 crisis. Other financial markets cannot claim a sweeter victory. If there were a good year for investing in cryptos, 2020 would have to be it. The world of cryptocurrency has been waiting a long to achieve mainstream endorsement. Its volatile character has so far put many investors off. However, the following months might show even the most skeptical investors…