Cryptocurrency

After the extreme volatility of cryptocurrencies, the great market crash in 2022 taught a hard lesson to many. The price of cryptocurrencies had vigorously fluctuated within two years. Many started considering cryptocurrencies a volatile market full of uncertainty and speculation at the time. Bitcoin is the first and largest cryptocurrency based on market capitalization. It experienced massive growth starting in 2020, mounting from $9000 to $69000! [caption id="attachment_328303" align="alignnone" width="1680"] Source: Coingecko[/caption] Many people and institutional investors soared on the cryptocurrency bandwagon,…

Opera users residing in the U.S can now buy cryptocurrencies with their debit cards and Apple Pay accounts, the Norwegian company has said.  The users can access the new service on Opera Touch, the firm's flagship Android and iOS browser. Additionally, the service is available via a crypto wallet embedded in its desktop browser. Blockchain-enabled Browser Opera introduced the first Blockchain-enabled browser In December 2019. It features a built-in crypto wallet and Dapp explorer. It later integrated the inbuilt wallet…

In the past, financial trading took place over the phone, where you had to call your broker to execute a trade on your behalf if you wanted to buy stocks. However, during this post-internet age, the application of technology has moved the buying and selling of financial securities online. In addition, it has advanced the process in many ways, like creating and using APIs. The introduction of Bitcoin led to the birth of Crypto APIs. Since then, the APIs have…

The coronavirus COVID-19 has been a global news topic for the past few months. The disease, which was first reported in the Wuhan region of China on 31st December 2019, has spread quickly across the globe, prompting the World Health Organization to declare the disease a pandemic.  As is expected, the global pandemic has had adverse effects on various industries around the world. The crypto sphere has, unfortunately, not been spared. Seeing as the occurrence is the first of its…

About six months ago, UNICEF launched a cryptocurrency fund in partnership with the Ethereum blockchain platform that would enable it to receive, store, and distribute funding in crypto. UNICEF stated that they wanted to explore the opportunities offered by cryptocurrencies as the digital currency gateway to shape future generations' lives. Today the fund is up and running, and it accepts donations in bitcoin and ether. This is not the only or the first global charitable organization to have recognized the…

Cryptocurrencies are designed with sophisticated encryption and are part of a decentralized cash system. This means that cryptocurrencies are secure, only available in digital form, and don't have government interference.  As the world moves towards an eco-friendly existence, this paperless transaction is quickly gaining popularity. Millions of people have already started using this currency for their business transactions. A study estimated that there are more than 84 million active cryptocurrency wallets. Many people in different industries accept cryptocurrencies, and freelancers…

Russia has been uncertain about crypto regulation in the country for so many years. The country has not yet finalized its major crypto legislation, known as ‘On Digital Financial Assets’. Senior Russian official warns that a pending bill on digital assets will include a ban on crypto.  The ban comes as a huge blow for cryptocurrency enthusiasts looking to capitalize on resurging BTC prices.  Meanwhile, the Bank of Russia is prioritizing a pilot tokenization project to rival traditional digital assets. …

“Don’t get in, it’s a scam”    “You’ll lose a lot of money”    “The market is too complex” These are just some of the comments people get daily when discussing the cryptocurrency market. People worldwide consider the crypto space a money-losing machine, something too complex to understand. If you want to lose money, there are thousands of other ways than just the crypto market. But if you can understand the technology, why it is essential, and what the future can…

Cryptocurrencies are units of exchange and hold value because people decide they do. While any other currency or asset type does not back others like Bitcoin, stablecoins are backed by such currencies or assets to stabilize them against the highly volatile nature of the digital currency. According to the law of demand, all other factors withstanding, highly-priced resources have less need. Similarly, the law of supply states that the quantity supplied is directly proportional to the price. Therefore, this means…