Guides

The shifting perceptions about cryptocurrencies have seen their increased acquisition as alternative investment vehicles. As is with other ventures, it isn't uncommon to find individuals spreading their holdings over a range of coins. Thus, given the diverse crypto offerings (currently, there are more than 22000 cryptocurrencies in the coinmarketcap) and volatility characteristic of this market, keeping pace with the trades could prove a challenge. In these circumstances, a tool enabling real-time market monitoring comes in handy. These tools are known…

To many crypto enthusiasts, Bitcoin (BTC) and Ethereum (ETH) are the currencies of choice when trading. Among other aspects, their wider acceptability makes them convenient means of trading. So it is no wonder that two account for the lion's share of the total transactions concluded in cryptos. However, though they're handy means of trading, their network's high traffic makes their transactions attract higher fees, a concern to the cost-conscious user. What to do then when hefty charges make holding BTC…

A derivative is a financial contract between two or more parties based on an underlying asset's future price. Crypto derivatives are, therefore, tradable contracts between parties regarding the future of an underlying asset, which in most cases, is Bitcoin (BTC) or other top cryptocurrencies. Trading crypto derivatives enables traders to mitigate volatility-associated risks and hedge against potential losses in trading.    In recent years, crypto-derivatives have grown in popularity. The enormous growth in crypto derivatives is largely attributed to the launch…

XRP is a digital asset built by Ripple Labs for cross-border payments. XRP is the native coin on the XRP Ledger - an open-source, permissionless, decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be transacted without a central intermediary, making it a convenient instrument for bridging two different currencies quickly and efficiently.  The rapid increase in the value of XRP from $0.01 to $3 in 2017 made it a profitable and popular cryptocurrency investment. In 2023,…

Bitcoin was first introduced in the financial world in 2009 by Satoshi Nakamoto. Over the years, the platform has been growing and advancing into mainstream adoption, attracting millions of daily users and transactions. It has hit a market capitalization of 337  billion US dollars at the time of writing. Many business moguls, celebrities, and movers and shakers of the global economy have contributed positively to making bitcoin great. Some use their institutions to invest in bitcoin or implant bitcoin as their…

The push toward the mass adoption of cryptos continues to gain momentum. Governments and prominent business leaders who had reservations about their adoption are warming up to the industry now. It's easy to see why these developments cause so much excitement. These stakeholders influence significant populations in their areas of operation. Consequently, their endorsement of crypto transactions is a massive shot in the arm for the efforts geared toward their mainstreaming. PayPal is the latest major player in the crypto…

The total value locked in the DeFi economy has surpassed $38 billion. These are insane numbers for an industry that is still in its infancy. However, the value is perpetually growing as more folks continue to invest in the DeFi projects. Centralized digital financing is prone to manipulation and control by any entity that claims ownership of a currency. DeFi projects help eradicate the need for elements critical in traditional finance systems. These elements include brokerages and exchanges executed by banking…

Since its introduction, the crypto world has seemed like a complicated business, but its adoption in different sectors has been surging over the years. The gambling sector is one industry that has seen significant benefits because of the cryptocurrency introduction. Many gambling platforms have joined the crypto world to enjoy the benefits of crypto assets, which have enhanced transparency and zero fraud.  However, although many gambling and sports betting sites leverage cryptocurrencies, not all provide services at best. Therefore when…

Crypto adoption is slowly taking over as more digital assets emerge. As a result, trading volumes increase as days go by while users opt to trade with the modern financial system. Furthermore, venture capitalists have become more eager to secure an adequate income with cryptocurrencies. The Advent of Proof of Stake (PoS) Currencies Trading cryptocurrencies is both challenging and tedious, with many complexities involved. Since the introduction of Bitcoin in 2009, crypto mining has been the primary income source among…