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Cryptocurrency are digital currencies that use cryptography to secure and verify transactions. Learn about the history, features, and challenges of different cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, and how they can be used for various purposes such as investing, trading, and donating
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[…]
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[…]
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[…]
What is Spoofing? Let’s talk about what spoofing is in the financial market. Spoofing is a way of manipulating the market by placing fake orders. The order placed will buy or sell assets such as stocks, commodities, and cryptocurrencies. Usually, traders who spoof the market do so using bots or algorithms. In this way, the order is done automatically. Once the order is close to being filled, it gets cancelled. The fundamental goal of[…]
Over the weekend cryptocurrencies were in the red. Monday morning bitcoin was trading at $37,800, it had gone down 3% from where it stood over the weekend. Ether which was trading at $2,500 also was down by roughly 3%. Similarly, many altcoins happened to also be in the red. Since Russia has been in attack mode Bitcoin and Ethereum have been fluctuating. Bitcoin has gone from the $37,000 to $45,000 price range that it[…]
Leverage trading in crypto refers to using borrowed funds to make trades. This type of trading can increase your buying or selling power and allow you to trade more significant quantities. While this trading method may increase your chances of profit, it also comes with risks. As the market is volatile leveraged trading can also lead to losses if the market shifts in the opposite direction. Leverage Trading – How does it pertain to[…]
Responsible trading pertains to all traders. No matter if you’re a full-time trader or a once-in-a-while trader. Trading responsibly can help you avoid scams and significant losses. Following only a few tips and methods, you can reduce multiple risks and ensure your trading gives you the maximum outcome. It’s more than watching how much you gain by trading and selling. By trading responsibly, you should be in control of your trading behaviour. Many traders[…]