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We will be discussing the forks on a blockchain in today’s article. Let’s start by explaining what a blockchain is. A blockchain is essentially a set of data blocks. They are linked together by cryptographic keys that form a chain of blocks. The chain eventually goes back to the very first block. We can picture a blockchain as a straight path made of several blocks linked together like a chain. Because the blocks are[…]
A spot market is a financial market in which public assets are traded immediately. The process goes forth in the following way. The buyer purchases an asset with fiat or another medium of exchange following the delivery of the asset, which usually takes place immediately. Therefore, traders make the payments upfront; spot markets are also known as cash markets. When using the cash markets for trading, you can only make exchanges with the assets you own;[…]
Market psychology is a main topic related to behavioural economics. It is the idea that the market’s volatility reflects its customers’ emotional state. Many believe the main driving force behind the shift in these markets is the emotions of its participants. In a nutshell, market sentiment is the general attitude of investors and traders about an asset’s price movement. A bullish trend exists when the market’s attitude is optimistic, and prices continue to rise (often[…]
Scalping is a trading strategy aiming to profit from small price movements. Scalp traders are not targeting big profits. Instead, they aim for small gains repeatedly. Being this the case, scalp traders place many trades in a brief span of time. The idea behind this is that the outcome over time will be significant by stocking up on all these small gains. Scalpers will often rely on technical rather than fundamental analysis before performing another[…]
Ethereum is a platform for decentralized computing. It allows individuals to send crypto to anyone for a small fee. It’s similar to a laptop or PC but not limited to a single device. Instead, it operates simultaneously on thousands of devices worldwide, meaning that a single person does not control it. It is much like bitcoin because it allows you to transfer digital money. It is capable of a lot more. You can deploy[…]
Binance stands for integrity and is always willing to compensate its users The world’s richest man, Elon Musk calls out Binance in support of the Dogecoin community members. He has been a renowned advocate and long-time supporter of Dogecoin. An error occurred on Binance resulting in the processing of an excessive amount of Dogecoin transactions from a year ago. In response to this malfunction, the DOGE platform imposed a two-week withdrawal freeze. Hearing this[…]
Welcome to a captivating journey into the rise of Bitcoin (BTC) and the technology that drives it. In this article, we explore the intricacies of cryptocurrencies and shed light on the remarkable ascent of Bitcoin. What is Bitcoin? It is a question that sparks curiosity and ignites discussions worldwide. From the inner workings of blockchain technology to its real-world applications, we uncover the secrets that make BTC a force to be reckoned with. Whether[…]
The Avalanche token known as AVAX is now the tenth largest crypto by market cap. It has more than doubled its value since the start of November and has reached $30.60 billion for the first time. Image copyrights @currency.com AVAX has reached a record high of $144.96, one of the largest Decentralized Finance (Defi) blockchains. After its creator, Ava Labs announced a partnership with Deloitte; its market value went even higher. Her mission is[…]
The CEO of Tesla, Elon Musk, set up a Twitter poll asking whether he should sell 10% of his Tesla stock. In Musk’s words, “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla Stock. Do you support this?” Following this poll, he then noted, “not take a cash salary or bonus from anywhere,” he emphasized, “I only have stock. Thus the only[…]
The Mayor of Miami agrees to accept his next paycheck fully in bitcoin. This makes Mr. Suarez the first American politician to receive a salary in cryptocurrency. He is also trying to make his city the bitcoin capital of the world. The Mayor is pro bitcoin tweeting on Tuesday to accept 100% of his next paycheck in Bitcoin! In response to a Twitter challenge from Morgan Creek Digital partner Anthony Pompliano “Who is going[…]