Cryptocurrency

Smart contracts might seem like complex cryptocurrency jargon, but it's not. An Ethereum smart contract is an automated agreement between two parties written in code. Smart contracts have continued to bloom in the crypto space, and more is yet to come. The smart contract market capitalization reached USD 274 million in 2023. Ethereum smart contracts have had a notable impact in revolutionizing the crypto space and the world. Furthermore, there are ways in which users can utilize Ether Smart Contracts. Some…

The key to making big with cryptos lies in trading them, with a $1T value in market cap value being in the hands of people worldwide. However, the terminologies during trade can be a nightmare for neophyte traders. One such example is Contracts For Difference (CFD) trading. It is beautiful to all types of crypto traders thanks to its lucrative, profitable opportunities. However, the ability to make impressive gains lies in the trader's familiarity with the fundamental concepts behind CFD.  A Brief Description…

It is scarce for governance itself to affect cryptocurrencies. For many years, crypto insides have asked for crypto regulations and transparent rules for the industry. While the infrastructure bill won't do that, it will affect the crypto space nonetheless. Currently, the infrastructure bill is in the U.S. House. The piece of legislation carries a great deal of importance to the Biden administration. But, what does it mean for crypto? A Background to the Infrastructure Bill On August 10, 2021, the…

Cryptocurrency fans and investors just breathed a major sigh of relief. Jerome Powell– Chairman of the Federal Reserve– has confirmed that he “has no intention” to ban cryptocurrency in the US. Powell’s Position on Crypto The chairman confirmed and clarified his position today while testifying in front of congress. House Representative Ted Budd asked Powell to explain one of his previous statements on the matter.  [caption id="" align="aligncenter" width="967"] Jerome Powell. Source: Reuters[/caption] In July, Powell joined a slew of…

Cryptocurrency investors continue to push for approval for exchange-traded funds (ETFs). The battle has been raging on for years, but there are positive signs of progress. The latest sign came from Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC) Slow and Steady for the SEC Earlier this week, Gensler prepared comments for a Financial Times conference. In his remarks, the SEC chairman said he would support futures-backed Bitcoin ETFs. These ETFs have backing from Bitcoin futures instead…

One of Argentina's most famous football clubs is considering joining the crypto movement. Boca Juniors FC is in dialogue with several cryptocurrency firms to plan its entry into the crypto bandwagon. Boca Juniors' Financial Constraints The legendary Argentinian football club is currently facing a challenging financial moment. Also, the tough times seem to lean on the weak Argentine peso. For instance, the weak currency somewhat forces players to leave the team searching for dollar contracts. Also, the Covid-19 pandemic measures struck…

Elon Musk says that the United States should do "nothing" to regulate the cryptocurrency sector– unlike China. He also suggests that crypto's advancement can merely be slowed but not "stopped" by governments. Elon Musk On China and Crypto Regulation The "Technoking" aired his thoughts in a recent interview at CodeCon 2021, an annual technology convention. The interviewer started by questioning Musk about China's recent re-ban on cryptocurrency in the country. He speculates that part of China's concern with Bitcoin could…

Digital assets like Bitcoin, Ethereum, and Cardano are often acclaimed for being highly reliable investment options. Some of these digital assets have shown massive potential by creating high profits for investors. Others have exceptional use case applications that make them even more attractive financially. One such application is personal finance planning.  Personal finance planning focuses on creating financial plans to help better manage their finances. In personal finance planning, a user needs to make budgets for emergency funds, retirement benefits,…

Since Satoshi penned his blueprint on bitcoin's whitepaper in 2009, the correlation between stocks and crypto has evolved steadily. The same goes for the relationship between crypto and bonds, commodities, or equities. This weak affiliation to traditional asset classes has made Bitcoin lucrative for investors looking to diversify their portfolios.  However, bitcoin's correlation to stocks has risen steadily in recent months as the asset class sees increased adoption. More financial institutions and Wall Street giants embrace bitcoin, while companies such as…