How is the Bitcoin Price Determined?
Unlike conventional fiat currencies like the Euro or the US Dollar, the value of Bitcoin (BTC) is not set by a central bank or other centralized body. Bitcoin’s price is instead set by supply and demand. There will never be more than 21 million Bitcoin due to its supply cap. When demand outpaces supply, the […]
Cryptomining: Understanding Proof of Work in the Cryptocurrency World
What is crypto mining? Crypto mining is commonly viewed as a means of generating new coins, but it encompasses more than just coin creation. It involves the validation of cryptocurrency transactions on a blockchain network, ensuring their addition to a distributed ledger. Similar to traditional currencies, cryptocurrency transactions require updating the digital ledger by debiting […]
A comprehensive guide on Coinbase advanced trade
What is Coinbase advanced trade? The surge in popularity of cryptocurrency trading over the recent years has been remarkable, facilitated by user-friendly platforms like Coinbase that simplify the process of buying, selling, and managing digital asset portfolios for the general public. However, as the cryptocurrency trading landscape has matured, a new cohort of advanced traders […]
Binance’s Evolution: CZ’s Resignation, the Dawn of a New Era for Blockchain
Binance CEO Resignation in 2023 In a surprising turn of events, Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance, has officially stepped down from his role as the Chairman of the Board of Directors for the global exchange’s U.S. affiliate. This announcement follows a recent multibillion-dollar settlement between Binance and various U.S. regulators […]
Cryptocurrency wallets decoded: Key insights and secure practices
What is a crypto wallet? A crypto wallet, also known as a cryptocurrency wallet, can be either software or hardware designed to facilitate the storage and utilization of cryptocurrencies, which are considered digital asset securities. In the realm of cryptocurrencies, there is no physical cash or paper money to be placed in a conventional wallet […]
Exploring ChatGPT: A Game-Changer in AI Chatbots for Finance
OpenAI is a US-based technology startup and research facility that has gained notoriety recently. They are in charge of creating Chat GPT, an AI chatbot that was made available in November 2022. They developed it using both supervised and reinforcement learning techniques, and it is based on their GPT-3 family of huge language models. At […]
5 Cryptocurrencies to watch
New coins and tokens are being created on a regular basis, and cryptocurrencies have grown to be a significant force in the financial sector. It might be difficult to stay on top of all the advances as the market expands. Let’s highlight five cryptocurrencies to watch in 2023. The decentralization movement was sparked by the […]
Binance Hit by Ongoing Talent Drain Amid Regulatory Woes
The cryptocurrency exchange giant, Binance, is grappling with a continued exodus of key executives, with two more high-profile departures in recent days, bringing the total to five top-level exits. The most recent departure is that of Mayur Kamat, the Global Product Lead, who had been with the company for over a year. It appears that […]
What is cryptocurrency and how does it work?
Electronic communications containing transaction instructions are delivered to the entire network during cryptocurrency transactions. The instructions include details like the parties’ electronic addresses, the amount of money to be swapped, and a time stamp. Let’s say Alice wishes to send Bob one bitcoin unit. A digital message containing Alice’s instructions is sent to the network, […]
The Environmental Impact of Cryptocurrency: Is It Worth the Cost?
In recent years, cryptocurrency has gained significant media attention, with Bitcoin serving as the global leader. But as cryptocurrencies are used more often, worries about their environmental effects are emerging. The significant amount of energy needed for crypto mining has generated debate; some claim that the advantages of cryptocurrencies outweigh the environmental costs, while others […]
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