Trading Forex with Bitcoin: Exploring the Pros and Cons
The emergence of cryptocurrencies, particularly Bitcoin, has revolutionized the dynamic world of forex trading. With an increasing number of forex brokers now accepting Bitcoin and other digital currencies, traders are presented with new opportunities and challenges. But before you dive into using your hard-mined Bitcoins for forex trading, it’s crucial to understand the potential risks […]
Anticipating the Crypto Market’s Performance in the Second Half of 2023
According to analysts from Adamant Research and Standard Chartered bank, bitcoin may experience a bullish run in the second half of 2023, potentially driven by increased adoption by traditional financial firms. While the entire U.S. cryptocurrency market may not follow suit, bitcoin could see a positive trend. Greater Adoption by Traditional Financial Firms Could Boost […]
Hong Kong SFC Chief Highlights Crypto Trading’s Importance in Virtual Asset Ecosystem
The CEO of Hong Kong’s Securities and Futures Commission (SFC), Julia Leung Fung-yee, emphasized the significance of cryptocurrency trading within the virtual asset ecosystem. In a recent speech, Leung expressed the city-state’s recognition of the value of crypto trading and its openness to applying related technologies to financial services. Hong Kong’s adoption of Web3 regulation […]
Bitcoin Price Analysis: Testing Key Resistance at $26,200, Recovery Expected
Bitcoin’s price has shown resilience, finding support above the $25,500 level and indicating a potential rebound. The cryptocurrency exhibits a gradual uptick, surpassing the $25,800 mark and forming a significant rising channel on the hourly chart of BTC/USD. Trading above $26,000 and the 100 hourly Simple Moving Average, Bitcoin faces resistance near $26,150. A breakthrough […]
Survey Reveals That 46% of Millennials in Major Economies Own Cryptocurrencies
Millennial Dominance in Cryptocurrency Ownership According to a recent survey conducted by Bitget, 46% of millennials in six major countries own cryptocurrencies, compared to 25% of Gen X, 21% of Gen Z, and just 8% of baby boomers. The study was conducted between July 2022 and January 2023 and included around 255,000 adult respondents from […]
Bitcoin Bulls Reveal Their Hands as BTC Price Aims to Retest $30,000
According to a recent article on FXStreet.com, Bitcoin’s price is showing an optimistic start to the week with a potentially quick recovery rally in the works. The four-hour chart shows an exaggerated bullish divergence, indicating that BTC could make a bullish move that propels it to $29,726. However, if the price experiences a four-hour candlestick […]
What is a crypto currency?
A cryptocurrency is a type of digital or virtual currency that uses encryption to protect it from counterfeiting or duplicate spending. Blockchain technology, a distributed ledger enforced by a dispersed network of computers, is the foundation of many crypto currency decentralized networks. The fact that cryptocurrencies are often not issued by any central authority makes […]
How does cryptocurrency work ?
Blockchain technology, which retains a tamper-proof record of transactions and keeps track of who owns what, underpins cryptos. The use of blockchains solved the issue of stopping people from duplicating their holdings and trying to spend it twice that plagued earlier attempts to create entirely digital currencies. Depending on how they are utilized, individual cryptocurrency […]
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