Guides

Donating Bitcoin or any other cryptocurrency to charity is a noble endeavor and a win-win situation for both parties. On the one hand, those in need get potentially critical support, and you, the donor, benefit from a tax deduction on capital gains. However, if you feel crypto generous, you should understand how Bitcoin donations work. If you fail to do your due diligence, you might lose the full tax advantage you receive from cryptocurrency donations. Today, we take a close…

The criteria for judging a good investment include the risk profile, time frame, and goals. How much of a trade-off are you willing to make for an uncertain outcome? We could define a perfect investment as giving you better returns than anything else. An investment that fits your needs maximizes your odds of getting the best returns. So is Bitcoin that investment for you? In just over a decade, the crypto world has grown exponentially. Bitcoin is the first crypto…

R3 is a consortium of about 200 firms coming together to research and develop distributed database models somewhere along Bitcoin's lines. Usually, they receive a lot of heat as they say they are researching a corporate or private model of "Blockchain" but are developing a version of Distributed Ledger Technology (DLT). This debate between a Public Blockchain and a Private Blockchain (yes, it's an oxymoron) is the center of great distress. Another such debate that hasn't reached the mainstream yet,…

If you are new to blockchain technology, you may have heard the term "decentralized file sharing" thrown around. It may seem like a familiar concept, and it should be if you downloaded a torrent file in the past 20 years. Blockchain is a revolutionary invention that does not only provide groundbreaking innovations but also upgrades to previous technologies. As with most software and computing protocols, blockchain takes file sharing as we have known it over the years and takes it…

Traditional currency and banking systems feature several downsides as far as transacting is concerned. Cryptocurrencies present a decentralized alternative to deal with issues surrounding the two options. The introduction of DeFi was a step further in pushing the mass adoption of blockchain technology and digital currencies.  DeFi lending is on the same track, trying to bridge the void between traditional banking and all users globally without intermediaries. Now, lenders and investors can deposit, loan out, or borrow currencies in or…

The Cryptocurrency world is filled with scams, frauds, pump-and-dump schemes, and dozens of other ways by which people can steal your money. Along with that, the excruciating volatility of the market doesn't help either. It is easy for any new investor to be scared off by an already-infested market with so many money-losing schemes. But then, don't we always say, "greater risk comes greater reward"? In still-nascent and budding markets, there are as many ways of making money as there are…

Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset to overcome several international banking problems, cross-border payments, and sourcing liquidity. As a result, XRP has remained among the top 10 cryptocurrencies by market cap since 2017. The main target audience of XRP is banks and payment providers, where the speedy settlement time can function as a liquidity source. This allows Ripple to tap new and…

As a savvy blockchain investor, it's smart to understand the differences between an ICO and vs. STO. Recently, there has been a lot of hype surrounding STOs and their ability to service institutional clientele. Here is how these unique financial instruments came to be and why so many analysts see them as the evolution of Initial Coin Offerings (ICOs). What is an ICO? - ICO vs. STO The first step in this journey is understanding precisely what an ICO is…

The Ethereum 2.0 update continues to be one of the most anticipated crypto events of the year. Ethereum 2.0 is a multi-lab initiative that seeks to take the world's second-most popular cryptocurrency to new heights. The upgrade will introduce a host of new features and functionalities to the network. Specifically, the new protocol improves speed, efficiency, and scalability. In addition, developers believe the integration will alleviate congestion and lower gas costs for smart contract developers. Importantly, gas is the currency…