Altcoins

Today, the number of crypto ATMs is increasing, with more countries embracing cryptocurrencies. The first crypto ATM was invented in 2013, and since then, that number has gradually increased.  However, even as the numbers increase significantly, not all people know about them or their differences from the regular ATMs. Therefore, if you are wondering what they are, keep reading, and this blog will help solve all your questions about crypto ATMs, how many they are around the world, and much…

Scams, Ponzi Schemes, and The Crypto Market Scamming is the elaborate process of taking advantage of uninformed individuals or organizations and using their ignorance to get away with their money. Scamming has always been prevalent anywhere money or wealth is involved. Since scams are everywhere, the area of cryptocurrency and blockchain is no different. Cryptocurrency scamming techniques vary in degree and complexity. The new and enthusiastic investor is easily discouraged by the overwhelming amount of information they need to consume…

Every crypto enthusiast has heard of CoinMarketCap.com, which is the number 1 website in the cryptocurrency space. For years, the site has provided helpful information for enthusiasts and investors alike. The website tracks most of the alternative coins that have hit the market and show users the current value in dollars and Bitcoins for each currency.  However, recent times have seen scandalous allegations surrounding the leading site, and many are left wondering if CoinMarketCap can still be trusted. This article…

The approval for mainstream use in cryptocurrency remains a central theme, and crypto debit cards have been adopted as a great way to bridge the gap between traditional finance and digital currencies. These cards have introduced significant transaction speed, privacy, cost, and convenience improvements. Crypto debit cards have eased the combination of cryptocurrency and fiat currency, where cardholders can make transactions and payments at restaurants, cinemas, retail outlets, and other places. In addition, when spending cryptos, you often don't require much-specialized…

Over the years, Ripple has grown prominently within the cryptocurrency space. In a nutshell, Ripple is a payment procedure that facilitates fast, frictionless cross-border payments with minimal fees. It operates on a series of servers, regularly communicating while maintaining a distributed ledger with updated balances and transactions. In addition, the cryptocurrency giant hosts a native asset, XRP, which was rebranded in late 2018 from the name Ripple. XRP acts as the chief medium for transferring value over the network. Ripple…

Cryptocurrencies are designed with sophisticated encryption and are part of a decentralized cash system. This means that cryptocurrencies are secure, only available in digital form, and don't have government interference.  As the world moves towards an eco-friendly existence, this paperless transaction is quickly gaining popularity. Millions of people have already started using this currency for their business transactions. A study estimated that there are more than 84 million active cryptocurrency wallets. Many people in different industries accept cryptocurrencies, and freelancers…

The Inherent Transparency of Blockchains Blockchain is an immutable, distributed, decentralized, and secure digital ledger. As this digital information is accessible to anyone on the Internet, it becomes transparent and incorruptible. In a blockchain, once a transaction is validated through a consensus process, it is also committed to all network ledgers. These ledgers are distributed databases that store the information recorded from a transaction. Transparency is inherent in a Blockchain network. It is easy to misunderstand what transparency means on…

Cryptocurrency got its name because it uses advanced coding and encryption to transmit data. It was created to remove reliance on banks and necessitate peer-to-peer payment transactions. Heavy encryption and coding are necessary to provide secure transactions for purely digital currencies. Crypto transactions require a two-factor authentication process, making it harder for hackers to tamper. However, even with the securities set in place, cryptocurrencies aren't entirely unhackable. One of the most recent hacks was South Korea's Bithumb exchange, where $30…

Cryptocurrency Legislation Over the past 4-5 years, the legislation of cryptocurrencies, blockchain, and similar instruments has become one of the most critical regulatory authorities' tasks. Even though regulation is of utmost importance, the sudden spark has its reasons. Scrupulous practices such as ICO scams, exchange hacks, unregulated creation of monetary schemes, etc., have made it necessary. As a result, governments worldwide acknowledge the importance of regulatory oversight for keeping a check on the space. This has received a lot of…