Guides

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…

When venturing into the cryptocurrency business, you must create an all-rounded portfolio. Therefore, several tips will come in handy to help you decide which coins to add to your portfolio and which digital assets to invest in. Although it will all depend on your personalized expectations on the assets to include and the coins to trade, a simplified guide will at least give you a jump start on what to expect while you get into the crypto race. Portfolio Diversity Diversity is…

“Don’t get in, it’s a scam”    “You’ll lose a lot of money”    “The market is too complex” These are just some of the comments people get daily when discussing the cryptocurrency market. People worldwide consider the crypto space a money-losing machine, something too complex to understand. If you want to lose money, there are thousands of other ways than just the crypto market. But if you can understand the technology, why it is essential, and what the future can…

Cryptocurrencies are units of exchange and hold value because people decide they do. While any other currency or asset type does not back others like Bitcoin, stablecoins are backed by such currencies or assets to stabilize them against the highly volatile nature of the digital currency. According to the law of demand, all other factors withstanding, highly-priced resources have less need. Similarly, the law of supply states that the quantity supplied is directly proportional to the price. Therefore, this means…

We usually get puzzled and confused looks from newcomers to the cryptosphere when we talk about a centralized party looking into "Blockchain Technology." Or when a consortium of banks tries to find the best solutions using blockchain to stay in the game. Assuming most newcomers count bitcoin as their gateway to cryptocurrencies, they are exposed to a lot of fancies and disruptive words like "decentralized," "open-source," "trustless," etc. The people who stay are swayed away by the hopes and dreams,…

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…

The world first heard of cryptocurrencies in 2009. Despite the initial skepticism over the digital coins and blockchain technology needed, the world slowly grew warm to the idea of decentralized currencies. With time, cryptocurrencies have attracted an increasingly massive number of global users. However, as the crypto industry continues to gain popularity, the chances of crypto cybercrimes increase. Cybercriminals are using ransomware-like tactics from various target devices to secretly mine cryptocurrencies. Cryptocurrency mining became a lucrative business as cryptocurrencies grew…

For the years that cryptocurrencies have existed, most investors have gotten away with not reporting and filing their taxes on their crypto assets. This move was aided significantly because cryptos were still in their infancy, and no one knew how long they would last.  But times have changed. Today, more people globally are showing an interest in cryptos. As a result, Crypto mass adoption is the primary goal for most stakeholders in the industry. However, to achieve this, it is…

Crypto trading bots are the new craze in the crypto space. They offer crypto traders excellent ways to monitor the highly volatile market and automate their trades. Binance.US is among the top crypto exchange platforms enabling users to buy, sell, and store cryptocurrencies. Leveraging Binance's world-class trading engine, Binance.US can execute up to 1,400,000 orders per second. Their infrastructure uses state-of-the-art storage technology for secure trading across various crypto and fiat markets. In addition, BinanceUS supports many trading bots that…