Crypto Top Figures Vitalik Buterin, Sam Bankman-Fried, And Caitlin Long
Who is Vitalik Buterin? What is He Currently Involved in?Vitalik Buterin, co-founder of Ethereum. Anyone who is interested in cryptos must have heard of Vitalik Buterin, the founder and mastermind of Ethereum, the second-largest coin by market capitalization. Buterin was born in Russia in 1994,...
Bitcoin Cash Is Still Going Strong – How Does It Stack Up Against Bitcoin?
Bitcoin Cash (BCH), also known as BCash, was born based on this theory. However, unsatisfied with Bitcoin's development path, some developers, supporters, and miners decided to create their own version. Bitcoin Cash (BCH) ecosystem's adoption and growth have disappointed. Over the past 4 years, its...
Ethereum Classic – Riding The Coattails Of Ethereum – Will It Grow?
Yes! Although Vitalik Buterin's cryptocurrency maintained its name, logo, and exchanges listings, Ethereum Classic (ETC) holds the original block sequence. The dispute happened in July 2016, when a hacker drained 3.6 million Ether (ETH) coins from a decentralized application, The DAO. At that time, it...
Ethereum Max Is A Terrible Project – Why Do Celebs Shill It?
One would think Kim Kardashian, entrepreneur, and actress, Instagram’s account hacked. After all, shilling an obscure altcoin made no sense for a 250-million followers account. Besides being a well-known celebrity and influencer, Kim owns her own beauty line, KKW Beauty, a fragrance line, besides shapewear...
Is It Possible To Earn Free Bitcoin Today? A Complete Investigation
Unfortunately, this era is behind us, and there is no more free Bitcoin distribution — if someone offers you that, 100% sure it's a scam. However, it is possible to collect Satoshis, small fractions of Bitcoin, without spending money. Bitcoin - The Early Era In...
Yield Farmers – Big Rewards And Huge Risks – A Cautious Guide To Yield Farming
On paper, huge rewards look spectacular. Deposit some crypto, and in exchange, get a reward after a set period. Yield farming is basically locking up funds using a decentralized application (dApp), which will, in turn, lend that crypto for a return rate. Of course, there...
Looking Past The Rumours – What Amazon Is Likely To Do With Crypto?
The speculation recently got out of control, and the company was forced to deny a City A.M. newspaper story in July 2021. "Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson...
How To Create (Mint) NFTs In 6 Easy Steps
By now, you’ve probably heard about a non-fungible token (NFT) being sold for $1 million or higher. CryptoPunks, Bored Apes, Ether Rocks are among the most famous, to name a few. For those unfamiliar, an NFT is a certificate of authenticity registered on a blockchain...
Is Bitcoin Expensive? It's Worth Less Than 50% Of New York City's Real Estate
New York is the most populous city in the USA, with 8.8 million inhabitants spread over 783 square kilometers. The city comprises 5 districts, which include the famous Manhattan Island, Bronx, Brooklyn, Queens, and lastly, Staten Island. If it were an isolated country, the N.Y....
DeFi Risks Explained – It Runs Deeper Than Bad Coding
The adjusted total value locked in DeFi smart contracts has grown to $80 billion from $8 billion in one year. In traditional finance, there's always an intermediary. If an entity acts fraudulently, it is possible to prosecute them. There are also the regulators enforcing risk...
Why Is Bitcoin Mining So Hard? What Happens Behind The Curtains?
Whenever new miners join the network, the proof of work difficulty increases automatically. The difficulty represents the number of zeros that the code (hash) needs to have. The bigger the number of zeros at the beginning, the harder it is for miners to find the...
Earning Yield – Does it Cancel Out Negative Price Movements – A Look at Cosmos
Not every cryptocurrency relies on energy-consuming mining protocols to validate transactions. Cosmos (ATOM) solves Ethereum scalability problems by using a hybrid Proof-of-Stake mechanism. Instead of spending thousands of dollars on mining equipment, network validators deposit a stake (collateral) to guarantee their honesty. In some cases,...
Crypto.com – A Guide to CRO and its Features
Crypto.com is a digital assets wallet, but there's much more behind it. Users can buy and sell over 100 different crypto assets using multiple fiat currencies. The platform also has an integrated VISA prepaid card with a generous cashback. More than 10 million users trust...
How Much is Silver Worth? Does it Compete with Bitcoin?
Silver is usually described as "poor man's gold," although it has more similarities with copper. In the 1980s and 1990s, silver went through a period of appreciation, but the trend reversed over the last 2 decades. Thus, its value distanced itself from gold. How much...
CryptoPunks Sales Surpass $1 Billion
You might think it's a joke, but I guarantee it is true. CryptoPunks are digital avatars created by an algorithm and registered on the Ethereum blockchain. In fact, anyone can download the image from the internet, but the owner can brag about having the non-fungible...
Prices Trending Upwards – Did Bitcoin Just Double Test The Bottom?
Bitcoin might have faced a strong bullish movement in August, but markets tend to have very short-term memory. It was not so long ago, in May, that its price crashed from $59k to $32k in two weeks. Therefore, investors have reason to doubt the 65%...
How Do Decentralized Exchanges (DEX) Work?
Decentralized exchanges (DEX) platforms that offer conversion between different crypto assets. Its use does not depend on a central organization, relying exclusively on smart contracts registered in the blockchain. DEX emulates the functions of traditional exchanges, although usually without the "Order book" with prices and...
Bitcoin Price Forecast For The Rest Of 2021: What Do The Experts Say?
Bitcoin escaped the $30k to $40k channel that lasted over 70 days in accumulation. Analysts expect the breakout to project $58k over the next couple of months and possibly $100k before 1Q2022. According to Chingiz Nasirov (Blockster profile page), CEO of Nasirov Venture Capital: "I...
Are There Really Crypto Cards Out There?
Are They Really Crypto Credit Cards?No. In fact, those are prepaid debit cards. In this model, the user “loads” the balance with cryptos, and at the time of purchase, the sale to the fiat currency occurs automatically. In other words, the company offering the service...
Do CME Futures Expiries Cause Bitcoin Dumps?
Since launched back in December 2017, the CME Bitcoin futures (Chicago Stock Exchange) has been regarded as a bearish instrument. After all, its first trading week marked the $20,000 Bitcoin "bubble burst". An Arcane Crypto study from 2018 and 2019 found a 2% price drop...
What Are Privacy Coins, And Will They Be Able To Survive Regulation?
Monero (XMR), ZCash (ZEC), and DASH have been the leading cryptos offering on-chain privacy to various degrees, meaning users can hide transaction sizes and address balances. Although Bitcoin and Ether work using pseudonyms, otherwise known as addresses, it is reasonably easy to cross-reference IP addresses...
How To Reduce Costs And Improve Your Future Contracts Trading
Firstly, there’s the funding rate, which is usually charged every 8-hours to balance the leverage used from both buyers (longs) and sellers (shorts). On the bottom-right side of Digitex, you can check the funding rate for the selected pair. This fee will usually be negligible...
Forget Taproot And The London Fork – Focus On The Crypto Trilemma
Blockchain, a core technology behind decentralized data networks, has a big problem. As it became known, the crypto trilemma reflects the utopian solution of simultaneous decentralization, scalability, and security on systems that do not rely on a single entity. For example, one could use AWS...
Could Grayscale GBTC Unlock Be Positive For Bitcoin?
Grayscale GBTC is a trust that holds over 650k Bitcoin for its clients. To provide this service, the fund manager charges a 2% annual fee, and to make things worse, there is no redemption available. Even though GBTC shares trade on stock markets in the...
Decentralized Apps Besides Finance (DeFi) and Collectibles
Everyone knows a handful of decentralized finance (DeFi) applications, including Uniswap and Pancakeswap DEX exchanges, Compound and Aave lending platforms, or yield aggregators like Yearn Finance. However, not many people know that there is growing activity in other decentralized segments such as social networks, gambling,...
5 Biggest Crypto Trading Mistakes – How to Avoid Them
Mistake 1 - Believing Exchange Order Books Coinbase, the largest trading venue, undoubtedly has the best reputation among the exchanges. The exchange has been registered as a Money Services Business with FinCEN since 2016 and was issued an e-money license by the United Kingdom's Financial...
5 Cool Things the Bitcoin Lightning Network Can Do
Bitcoin's Lightning Network allows its users to send satoshis vastly faster and more cheaply than Bitcoin's primary network. Using a "secondary network," these transactions have different rules for accounting payments outside Bitcoin's blockchain. However, these transactions are eventually settled and recorded as a regular transaction...
Why do Futures Prices Differ so Much Between Exchanges?
We’ve all seen some price discrepancies on regular spot trading markets. Ethereum can reach a $20 gap between exchanges, but that usually doesn’t last long as market makers and arbitrage desks have bots specifically designed to profit from that. Therefore, it is unusual to find...
Call Options, Who Can Benefit From This Derivative?
Options contracts are derivatives instruments that might seem complex initially, but the basic strategies are relatively simple. Let’s picture a cryptocurrency miner, for example. His costs are steady: utilities, loan payments, rent, ASIC machines maintenance, internet provider, staff, and similar. However, miners’ revenues are incredibly...
Five free tools that will make you a better crypto analyst
There are some fantastic crypto on-chain and trading tools out there, such as TradingView and CryptoQuant. Unfortunately, not everyone can afford the $100 or higher annual fees, especially when you need 4 or 5 different services. However, some alternatives provide top-quality data for free. One...
How Can a Crypto be Ranked Differently on Different Websites?
These specifics create irregularity when measuring the outstanding number of coins, leading to divergent market capitalization analysis. This leads to an age-old question in crypto circles... Is Market Capitalization a Reliable Metric? Cryptocurrency traders have used market capitalization as the single most relevant metric. All...
Mind the physical backup, even when using hardware wallets
New users have a general misconception that hardware wallets are used to store cryptocurrencies, but this article explains how this is far from true. Hardware Wallets Deceitful links, exchange hacks, DNS servers' hijack, and malicious applications. There have been numerous cases of cryptocurrency theft over...