Category: Cryptocurrency

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 […]

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 […]

Risky game in the Forex market: MXN/USD, ARS/EUR, BRL/EUR Rates

Currency prices in the Forex market are determined through a process of supply and demand. Market participants such as banks, financial institutions, investors, and individual traders engage in buying and selling currency transactions. These transactions are conducted in currency pairs, where one currency is exchanged for another. The supply and demand for a particular currency […]

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 […]

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 fiat currency?

Government produces currency known as “fiat money” and it is not backed by a tangible good like gold or silver, but rather by the government that created it. Instead of being backed by the value of a commodity, fiat money derives its value from the interplay between supply and demand as well as the stability […]