Cryptocurrency

In simple terms, capitalism is an economy where private entities have the financial power to utilize available resources as they wish. Every investor practices some form of capitalism. Therefore, investors take advantage of capitalism's most significant benefit, which is the ability to create wealth. Capitalism has been beneficial in society as countries grow economically, and living standards are improved.  Strong free enterprises get a significant boost since prices of goods and production levels are based not on a regulating body…

For as long as the wants of humans remain insatiable, there will always be demand and supply. The two forces have, in turn, created many forms and mediums of exchange for millennia. It evolved to the use of stones, salt, rocks, metals, and fiat currency starting from barter trade. Digital currencies, more so cryptocurrencies, have been taking the world by a storm. Their usage has surged, boasting a total market cap of around $395bn as of 3rd November 2020. The…

Is it legal to seize cryptocurrencies? Who retains the ownership of these coins? Is it the regulators? If you're a crypto enthusiast, these are some of the questions you've probably asked yourself. While cryptocurrencies offer privacy and censorship resistance, this is only to a particular extent as government authorities can seize them if used to facilitate crime and finance terrorism. As crypto adoption continues to escalate, there has been a consequent rise in crypto seizes. The first substantial confiscation of…

As cryptocurrency grows and expands into the mainstream, its ability to disrupt banking and payments continues to be magnified, and crypto payment gateways are one of those ways. Crypto beginners see cryptocurrency as a store of value, and while it currently is a store of value, albeit volatile, this point of view is quite limiting. Instead, more emphasis should be placed on improving crypto solutions, strengthening security, providing liquidity, and improving DeFi than trading and hodling. The reason is that…

Cryptocurrencies are slowly taking the lead in the financial sector. Since their initial introduction, investors have earned a substantial income. However, venturing into the crypto world has downsides, including the insecurity question. In most cases, insecurity is evident in cyber-related activities, whereby innocent investors get duped by cybercriminals.  Therefore, it becomes necessary for cryptocurrencies to enforce security measures to counter threats that users may face. By adopting some security features, the digital currency gains more trust from the crypto community…

Finding the value of cryptocurrencies can be quite daunting, especially for beginners. Nonetheless, it's crucial to value crypto assets to calculate their fair market value and predict future or possible market prices. Unlike bonds, stocks, and real estate, where the value of investments is evaluated based on the company's financial statements, historical price charts, etc. Crypto assets are evaluated using varied methods. Common ways of valuing financial assets in traditional markets include the P/E method or Price/Earnings ratio, discounted cash…

The Chinese digital yuan trial has gone life following the big announcement made last weekend. During the weekend, China's southern city of Shenzhen, a major Chinese city, announced that it was giving away 10 million yuan ($2 million) in its Central Bank Digital Currency. According to them, the digital yuan can be used across 3,389 stores. The main objective of the giveaway is to encourage the usage of the new government-backed digital currency. Close to 2 million people applied to…

Since the first light of personal computers, analogies have played a crucial role in mapping the physical world onto the digital one. Your private computer stores data in files, which are then unionized in folders; if you open a file, a window shows up, and when you close the windows, you will see your desktop. Similar analogies are in use on cryptocurrencies whereby money is in store in wallets, which is not technically a wallet. It is a pair of…

As investors shift their interest from traditional equity to digital assets, cryptocurrencies become more relevant in today’s financial world. However, nobody wants to gamble their fortunes into a strong but still emerging crypto market. So, in recent years, insurance companies have been looking at coverage options for those who want to add Bitcoin, Ethereum, or DeFi to their investment portfolio. In 2020, as a global pandemic is ravaging the world and the financial markets are dwindling, insuring your investments, digital…