Category: Cryptocurrency

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 […]

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 […]