The widespread benefits of investing in cryptocurrency make it a compelling investment choice for many investors around the globe. However, since there is a steep learning curve in the field of cryptocurrency investing, you should start your journey with mirror trading. With the help of this trading technique, you will feel much safer as a…
Mining bitcoin has just gotten harder. At publishing time, the mining difficulty of bitcoin hit a new all-time high. On Sunday, the bitcoin mining difficulty had stood at around 37.59 million, but it recorded a rise of 4.68%, which saw it reach 39.35 trillion. Mining difficulty The computational power needed for mining a single BTC…
Jim Cramer Advises Investing In Gold Rather Than Crypto On 23rd January 2023, the globally popular host of ‘Mad Money’, Jim Cramer, was seen advising investors where to put their money. While addressing investors, Cramer suggested that they should immediately put their money into Gold. He strictly advised them also not to engage with cryptocurrencies…
As the year 2023 began and the crypto market started to show signs of a recovery, all eyes were on the major cryptocurrencies. The crypto communities wanted to know how well the major cryptocurrencies were going to perform in a bullish trend after a long winter. Aptos has come out of nowhere Just when most…
On Monday, the FBI announced that it had concluded that Lazarus Group, the North Korean organization, had been involved in the Harmony Protocol hack of $100 million last June. On January 13th, about $60 million worth of Ethereum that had been stolen in the hack six months earlier was laundered. The hackers This allowed the…
The year 2021 has been the best year for the entire cryptocurrency industry. No matter the segment or the sector, every aspect of the crypto industry was thriving and was making a lot of progress. Even the mining sector, especially Bitcoin mining had become extremely profitable for the mining centers. The 2021 bull run was…
Introduction It gets a bit strange to contemplate the true meaning of various financial terms, especially when they are referring to different aspects of differentiated market systems. For example, the definition of GDP or gross domestic product for a certain product is the same in every financial plane. But the effect it has on understanding…
Introduction There are many ways to generate income by investing. When investors are beginning in the market, they are limited to directly purchasing the asset in question and creating short or long positions. However, it is also possible to generate income from the asset without directly investing in them. These types of investment alternatives are…
El Salvador’s Bitcoin One cannot remove Bitcoin enthusiasm from Nayyib Bukele, President of the world’s first country to adopt Bitcoin as a local currency i.e. El Salvador. Under the direct supervision of the El Salvadoran President, Bitcoin was legally recognized as a national currency through a legislature. The initiative was taken in 2021 and since…
Introduction Market sentiments are the most essential factor in the cryptocurrency field, and so it’s critical for crypto traders to be well aware of these and how they work. Usually, greed encourages bullish behaviors, and fear drives pessimistic trends in the financial markets. The human mind is inherently irrational, as shown by the fact that…
Global Crypto Economy Shrinkage Up To $1.5 Trillion About a year ago now, the crypto economy could easily be evaluated at a whooping value of $2.334 Trillion. However, from 20th December 2021 till 20th December 2022, the economy lost roughly $1.5 Trillion. Today, the global crypto economy is resting at a value which is less…
Last week crypto market slid and resultantly Bitcoin lost entire gains and above all its value declined. It is expected that the price may decline further because there is a negative impact stemming from the global outlook. Global Market Conditions Worsening Bitcoin’s value decline came when central bank officials made statements of continuing strict economic…
Against all odds, and contrary to what the majority predicted, the crypto industry continues to slowly move upward while keeping intact recent-past gains. Momentum seems to be prolonging in crypto markets which is ultimately keeping intact the bullish sentiment. Slow but Steady Bitcoin Moving Upward On Wednesday, 14th December, the trading day ended at a…
Introduction Bitcoin is the first-ever blockchain in the world. There is a sense of distinction for Bitcoin from other altcoins among a certain group of crypto investors who are identified as Bitcoin maximalists. While Bitcoin has remained the highest-grossing cryptocurrency in the world, it often receives criticism for scalability issues. Therefore, there are second-layer solutions…
LTC Value Decrease 8th December 2022’s trading sessions came hard at Litecoin (LTC) as the coin failed in showing resistance in the three sessions. Resultantly, LTC’s value kept declining throughout Thursday’s sessions and fell as low as $74.82. Value decline was rather surprising as a day earlier LTC managed to raise its value above a…
Coinbase, a cryptocurrency exchange based in the United States seems to have decided to change its stance towards Tether (USDT). The exchange is communicating to its users that USDT is no longer a reliable stablecoin. Instead, the users must switch to a different stablecoin, asking them to go for USD Coin (USDC). Coinbase Asks Users…
RBF which is the Federal revenue collection authority of Brazil published data pertaining to crypto purchases in the country in October. RBF notes back-to-back record settings by local enterprises in crypto purchases during the months of September and October respectively. Record-Breaking Crypto Purchases It has been a while since when small, medium, and large-scale local…
Introduction Crypto trading is the latest trend of investment that is popular among the younger generation. However, before cryptocurrencies, there were other trading options available in the market outside of the stock market as well. One such alternative for trading is Forex Trading. Investors are always looking to diversify their portfolios by dividing their investment…
Mixed Sentiment in Crypto Market The Crypto market is usually led by the market creator, Bitcoin. If Bitcoin’s value drops then subsequently values of all cryptocurrencies fall. However, this does not happen all the time as exceptions are also quite frequent. Similar exceptions were noticed at the end of last week, although the sentiment in…
Bitcoin may be edging down and its mining may not be viable currently but the truth is crypto winter hasn’t ended yet. In fact, the winter season has been extended till a time unknown. In these circumstances, witnessing a gainer in the crypto market is a rare sight but not rare for Litecoin (LTC). LTC…
