Guides

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…

Like regional currencies such as the US dollar, Bitcoin is a digital currency with a finite, limited supply like Gold or Silver. Since it is based on new technology and nearly unregulated and borderless, it is highly volatile, featuring wild fluctuations in its purchasing power, which can happen intermittently over a short time. Volatility is the main reason seasoned investors in traditional markets tend to be wary of Bitcoin. However, it is also why other investors embrace it due to…

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.…

Blockchain technology has been around for more than a decade now. This Innovative technology has been the underlying force for many developments, including cryptocurrencies. Recently, experts in the tech field have been looking for ways to incorporate blockchain in different industries. As a result, there have been several groundbreaking inventions, and crypto phones are the latest additions.  Crypto phones only recently came into the crypto space. However, several handsets with significant-tech players are already joining the recent craze. So, what…

Perpetual contracts trading makes up a significant percentage of overall exchange-traded cryptocurrency volumes. Investors looking to bet on the price developments of BTC and other crypto assets are often not too concerned about holding actual tokens but are instead interested in trading highly liquid cryptocurrency derivatives such as perpetual futures contracts. Perpetual futures contracts on cryptocurrencies are financial derivatives enabling traders to bet on the price movements of crypto assets using leverage without owning the underlying digital asset.  A futures…

Miners play a critical role in a blockchain ecosystem. They trigger new coin mintings and approve and add verified information to each block on the network, thus securing the network further. As the first and most extensive blockchain network, Bitcoin has a highly competitive mining environment. With the May halvening around the corner, the rush to develop and get the best and latest mining hardware has already begun. While mining hardware manufacturers are issuing even more advanced hardware, miners are…

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.…

Know Your Customer (aka KYC) is the regulatory and compliance obligation for the conventional banking and financial system to capture customer information before onboarding and providing any financial services. In banks, KYC is embedded into the account opening forms, which mandate customers to provide accurate information and ideally update as soon as any change occurs in the KYC data. Similarly, other financial institutions, such as Stocks, Mutual Funds, Insurance companies, etc., also require KYC information from their prospective customers. Primarily…