Cryptocurrency

2008 saw bitcoin's launch, following a whitepaper on its technology by an anonymous user called Satoshi Nakamoto. Bitcoin became the world's first cryptocurrency, and since then, there has been a rise of more than 10 thousand other alternative coins. Research shows that the user adoption of crypto in the US has risen to 5%, with bitcoin having a good share.  The introduction of Bitcoin technology caused upheaval across global financial systems. Many jurisdictions didn't understand how the new technology worked…

Blockchain technology has been developing at an impressively fast rate. Various industries worldwide are shaping their narrative by using blockchain technology to suit individual qualities and needs. About 12% of the energy and resources industries around the world are using blockchain. Other sectors, such as media companies, adopt blockchain to enforce digital rights and payments to content creators. Blockchain adoption in Latin America and Africa has been off to a slow start, but these regions are now catching up to…

The Commodity Futures Trading Commission (CFTC) is a US-based agency established by the Commodity Futures Trading Commission Act of 1974 to regulate the commodity futures and derivatives markets, including option markets, futures, and Swaps.  The commission's primary goal is to promote futures markets' competitiveness and efficiency while protecting traders against unscrupulous activities, fraud, and abusive trade practices.  CFTC has five committees; Agriculture, Global markets, Technology, Energy & environmental markets, and Coordination between the CFTC and SEC, each headed by a…

Cryptocurrency exchanges are intermediaries that stimulate the buying and selling of cryptocurrencies, usually in exchange for a fee. Exchanges function to trade, speculate or convert existing value with other instruments like digital assets and ultimately fiat currency. Exchanges form a huge part of the cryptocurrency economy, as they form a key component in the sector's growth. Several exchanges have popped up since the advent of Bitcoin. One of the first was Mt. Gox, initially formed as a trading card exchange…

Cryptocurrency exists as a natively digital entity that needs to be protected. We have crypto wallets and software programs to store your crypto assets' keys. Unfortunately, these software programs being dubbed "wallets," confuse new users. Crypto wallets don't store cryptocurrency the same way pocket wallets store currency. They only store your private and public keys that help with transactions. These keys are unique letters and numbers that allow you to send and receive cryptocurrency.  Whereas public keys are open to…

Collecting virtual items connected to a blockchain network in transparent ownership tracking isn't new. However, a 2016 platform dubbed "Rare Pepe Wallet" developed by Joe Looney was the first platform where people could buy tokens to represent virtual trading cards on a Bitcoin blockchain. However, it took CryptoKitties' to turn the concept into a game in November 2017. Cryptokitties brought a rise in digital collectibles built on cryptocurrency. The rising trend clarified that cryptocurrency and gaming are a perfect match. …

Margin trading involves borrowing funds from an exchange, brokerage, or third party to increase investment. It leverages investment and position and allows traders to make more money using a “loan” with limited resources.  Just like other markets, cryptocurrency trading requires due diligence for profitability. Several hacks exist that traders use to make it big in the industry. Crypto traders with limited capital are keen on opportunities to make more profits while trading. Margin trading gives such options. For Instance: Suppose…

Trading, holding, transferring and generation of digital assets is now possible for Incore Bank in Switzerland due to the authorization received from Swiss Financial Market Supervisory Authority (FINMA). The local bank announced the launch of access to digital assets on May 29, representing a critical step towards the creation of a blockchain-friendly environment across the EU banking sector. This makes the bank the pioneering business-to-business bank in Switzerland, approved for operation within the cryptocurrency space. Incore Bank is now allowing institutional clients to…

The significant growth drivers in the crypto market are the immutability and transparency of distributed-ledger technology, growing adoption in developing countries, increased venture capital investments, and fluctuating monetary regulations.  Before you venture into crypto investing, you must understand some hooks in the industry to protect yourself from losses and frustrations. The following article will guide you on good and lousy cryptocurrency investment options by distinguishing real coins and shitcoins. Real Coins Real coins refer to any coin whose motives behind their…