Cryptocurrency

The revised Act on Reporting and Use of Certain Financial Transaction Information could cause a shutdown of multiple cryptocurrency exchanges. The exchanges could sue the South Korean government under these circumstances. Each exchange must submit a document by Sep. 24 showing that a bank has given a real-name bank account according to the act. Cryptocurrency exchanges in South Korea, considered to have many coins on their trading platforms, are at risk of being denied access to personal bank accounts, a…

If you live outside the cryptocurrency and blockchain realm, it can be hard to understand the latest terminologies hitting the headlines and news feeds. However, the dollar amount mentioned alongside the terminologies will likely be more surprising and eye-catching simultaneously. For example, how can a virtual creation of an artwork file sell for close to $70 million?! Well, that’s the amount the highest bidder was willing to pay for an NFT on Christie’s auction a few months ago. NFT is…

A new report released by the BIS indicates that it supports Central Bank Digital Currencies, terming CBDCs as a distinct representation of money for the digital market. Commonly known as the bank of central banks, BIS acknowledges that CBDCs introduce several solutions ranging from transparency, settlement finality, and liquidity. The commerce industry is gradually moving to the internet, making it necessary to implement CBDCs for global retail payments and the public good. Therefore, going to the report, approximately 56 central…

As per a June 22 Twitter post by Bloomberg Crypto, chipmaker Nvidia pushes a chip dedicated to crypto mining. The move is meant to ease the shortage of the most popular video gaming cards, which crypto miners are increasingly using amid the ongoing digital currency craze. Nvidia plans to make a chip dedicated to crypto mining to leave its top graphics chips just for gamers https://t.co/4GFzUFLRhQ — Bloomberg Crypto (@crypto) June 22, 2021 The company has now urged non-gaming customers…

One of the world's largest ASIC machinery firms, Canaan, has made public its plans to set up shop in Central Asia's Kazakhstan. The move comes following China's unexpected turnaround of facing out bitcoin mining activities within its mainland. Canaan's CEO Nangeng Zhang stated that the startup plans to boost mining rig sales and improve its BTC mining operations by expanding its reach to other zones in Asia. Speaking in a recent press release, the CEO said,  "As we integrate more…

Financial markets, including stock and cryptocurrency exchange platforms, are among the most lucrative investments of today. However, should anyone assume that investing in financial markets is easy? No! Investing in crypto markets is among the most complex investment options today.  Many rookie investors make the mistake of inputting emotions in their investment decision-making in crypto and lose fortunes. However, that has always been a catalyst of business failure, especially when trading cryptocurrency. Fortunately, there are various ways an investor can…

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present-day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today's guide, we will focus on mining vs. day trading vs. hodling; thus, read on to find out…

The cryptocurrency market has endured multiple selloffs recently, leading to stablecoin inflows into exchanges dropping to the lowest level since October of last year. The market saw another massive pullback on June 21, which saw approximately $1 billion in crypto positions liquidated in 24 hours. The bloodbath led to BTC dipping below the $33K as about $572M worth of coins was liquidated. This market plunge has led to speculations that the crypto market could be headed into another bear market.…

Every other year, dozens of new crypto projects join the crypto space, all promising excellent and rewarding opportunities for all investors. Due to the increasing competition, advertising is always necessary for every new project to help the projects go mainstream.  Ever since the inception of crypto, the most popular method of advertising has been using digital forms. For instance, social networking platforms like Twitter, Facebook, Medium, and Telegram have proven very successful in advertising crypto projects. Therefore, at launch, most…