Cryptocurrency

Bitcoin is currently the most popular cryptocurrency with the highest market capitalization. Ethereum, the second to bitcoin, has the second-largest market cap and is the second most popular crypto asset. Bitcoin launched in 2009, and Ethereum came much later in 2015. The most exciting thing about the assets is the excellence of their services, with bitcoin being a medium of exchange and Ethereum as a center for decentralized applications. For the past years, the two assets have been the choice…

Being on the wrong side of the law is never a good idea, not least when it could cause jeopardy to investments. Keeping tabs on what regulations demand is a wise step. Cryptocurrencies are a relatively new means of trading and therefore keep changing in scope and tech. So in making the regulations regarding them, many governments take quite a combative position against them.  Diving straight into the crypto trade without considering the underlying regulations is like walking on eggshells.…

The testy Sino-crypto relationship may have taken a turn for the worst following the country's latest decree on them. China has openly voiced its uneasiness with privately issued digital assets. For instance, in 2013, it banned Bitcoin(BTC) as a medium of exchange despite recognizing it as virtual property. The country then declared Initial Coin Offerings (ICOs) illegal. Now it has placed a ban on all crypto mining activities in the country. As expected, the crypto world experienced shocks following the…

According to the latest report, Bitcoin SV suffered a 51% attack on Tuesday morning. Unknown persons initiated the attack after compromising transactions to start three shadow forks.  Such attacks aim to secure cryptocurrency blockchains and block other transactions from getting confirmed. Let me explain how. After the attack, tokens overwhelm the network to reorganize transaction records. It then enables the attackers to double-spend and lowers their value as a result. The Attack Affects BSV's Price Forbes has it that the…

Per the latest data from analytics firm Glassnode, the number of addresses holding addresses 100-10,000 BTC have hit the 9.23M mark for the first time in history. The significant increase in active addresses comes as more whales move into trading the flagship cryptocurrency following a renewed bullish trend. The blockchain analytics platform shows that active BTC entities jumped 30% at the end of July to reach 325,000 active users, matching levels maintained in July of last year.  Santiment, a crypto…

It has been an eventful few months within the crypto market. Most cryptocurrencies, Bitcoin (BTC) included, have surged to new highs before crashing back down. Unfortunately, this volatility is not unusual for the sector and lies an excellent opportunity. While some crypto enthusiasts sweat over Bitcoin's unpredictability, others see possibilities to make a killing. And they're doing that through Bitcoin futures, a speculative BTC trading strategy that utilizes the volatility of the crypto.  So what are Bitcoin futures? How do…

Over the past 24 hours, BTC prices corrected lower below the $38K support level and even dipped toward $36,500. Despite bitcoin forming a low near $36,400, the bulls remained active, resulting in a clear break above several key resistance levels. Consequently, the world's first cryptocurrency hit highs of $40,520 on Tuesday night. The coin has now sealed eight straight green daily candles in a week as market sentiment flipped bullish, prompting quantitative trader Sam Trabucco to react. The prominent crypto…

Living your best life after retirement doesn't just happen. It needs proper planning, discipline, and commitment. We are lucky to live in an age where there are so many ways of achieving financial security in retirement. One of the most promising ways is investing in cryptocurrency.  A cryptocurrency is a form of digital money that is decentralized and based on blockchain technology. A blockchain is a decentralized, open ledger that stores transactions in coded language. In practice, it's similar to…

Crypto regulation was back in the headlines this week, with regulators within the U.S. and worldwide looking at stablecoins and debating potential policies to govern this type of cryptocurrency. The regulations which will come to light soon could influence the accountability issuers must provide and the rights of their customers. Potential regulations could reduce the threat that stablecoins pose a systemic risk to the financial system – or they could make the situation worse. Fed not a Fan of Cryptos…