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Bitcoin and Bitcoin Cash have similar names but share similar characteristics. Bitcoin is seen as digital gold, the first crypto ever created. Bitcoin is considered a store of value. On the other hand, as its name proposes, Bitcoin Cash is supposed to be used as digital cash. It was brought about with the use of a hard fork. This means that both of these assets have several aspects. Some of which are a transaction[…]
The Security and Exchange Commission of Thailand announced that from April of 2022, crypto will not be allowed as a payment method. On Wednesday, the regulator mentioned that the use of crypto could negatively affect the economy. They were posing risks to the financial system as well. The SEC went on mentioning more risks. Including loss of value due to volatility, the leakage of personal data, and cyber theft. The decision to ban crypto[…]
Early Tuesday morning, DeFiance founder Arthur Cheong lost close to $1.7 million from his crypto wallet. The loss consisted of the following coins; five CloneXs, 17 Azuki’s, 33 Second Selfs, two Hedgies, and two Tsubasa NFTs. This information is according to PeckShield. The firm confirms that 59 NFTs were stolen in total. After the incident, Cheong tweets the following statement” “Well, this hit me hard, but if I got exploited as a fairly sophisticated[…]
As cryptocurrencies experience a jump in prices, will Malaysia consider making crypto legal tender? It’s no surprise that the most popular cryptocurrencies, Bitcoin and Ethereum, went up today. Several bullish news items have fueled them. A government official proposed a question to the country of Malaysia as to whether they will accept crypto as legal tender. The deputy minister of communications, Zahidi Zainul Abidin addressed the request to parliament. The government then began to[…]
There are many Blockchain Advantages and Disadvantages. A blockchain is a virtual ledger comprising data about cryptocurrency transactions. The data is stored in blocks, and this system is called a blockchain. Blockchain advantages have contributed a lot in certain industries. What are the Advantages of Blockchain Technology? As blockchain data is stored in many devices worldwide, the system resists attacks and technical failures. There is no chance of the network’s failure because each network[…]
In today’s article, we’ll learn about objective and subjective trading. In short objective traders will usually follow a series of rules that guide them through their trading journey and decision-making process. These traders typically plan their buy and sell decisions in advance. Subjective traders, on the other hand, don’t follow a guide. They are flexible with the market conditions and adapt to what comes their way. They base their choices on what they believe[…]
On Monday, new fees were put into action for cryptocurrency transactions on two major apps, PayPal and Venmo. PayPal and Venmo, before this update, had a flat rate of $0.50 for crypto transactions. The fee for transactions up to $25 is 2.3 percent, and for transactions up to $200, the fee is 2 percent. Regarding the new fees on PayPal and Venmo, some changes were made. From Monday, transactions up to $200 will be[…]
Ethereum’s burn mechanism is stronger than ever, with the crypto’s second-largest network officially destroying almost 2 million ETH since its implementation last August. Since its creation, the network has burned a total of 2,000,996 Ethereum, according to Watch the Burn, a dashboard that monitors the burn process. That equals more than $5.82 billion removed from circulation for good in monetary terms. The London hard fork, EIP – 1559. This is its technical name and[…]
Before starting to sell foreign currency online, there are a few things to keep in mind. The goal behind the notion of trading is to facilitate the exchange of one currency to another. The only thing that fluctuates and is due to change is the asset’s price. Let’s look at how you can be fully prepared for all the obstacles that may come your way when selling foreign currency online. What is an exchange[…]
Technical Analysis, also known as charting, is a form of Analysis of the market’s behaviour. The term “charting” comes from creating charts or graphical representations of price data. It is called charting because analysts use charts as a primary tool to study and analyze price patterns and trends. By observing these charts, analysts can identify critical levels of support and resistance, detect patterns like head and shoulders or triangles, and predict potential future price[…]