The following is a guest post by Justin O'Connell from GoldSilverBitcoin.com. You’re wrong. Elon Musk isn’t joking when it comes to Dogecoin. This misconception is perpetuated on social media, in the mainstream press, and even in Telegram chats. As...
The following is a guest post from Josef Moser, co-founder of Cryptoradar. Crypto scams are getting more sophisticated. As more retail investors get on board the crypto train, it’s not surprising that malicious actors are trying to take advantage of new traders and unsecured crypto accounts. If you’re fresh on the crypto scene, it’s critical that you watch out for all the gimmicks...
Many traders would first think of margin trading, with its high risk, high reward approach. However, there’s another high-risk strategy out there: Binary options trading. What Is Binary Options Trading? Among...
It is not a secret that cryptocurrency has been struggling to find its place in the world. The problem is not that it does not have any value, as many people are happy to use it for transactions without conversions into fiat currency. The issue is with governments and regulations. Some believe cryptocurrency needs regulation, while others feel like regulating said financial disruptor...
Square, which is known for its disruptive innovations in the field of finance and technology, has announced that it will be launching a new platform to support decentralized financial projects using Bitcoin. The decentralized finance movement, or DeFi, is gaining momentum. And...
In the analog world, we tend to define borrowed money by its purpose. Loans come prefaced with labels — home, college, business — and represent investments in tangible goals. We want our homes to grow in value; our degrees to facilitate high-paying jobs; our businesses to expand. It’s simple logic: We borrow when we need to cover shortfalls, with the expectation that the...
In the summer of 2016, the value of all crypto in the world was not quite $10 billion. Since then, that number has only increased. Today, anyone can buy crypto with Robinhood, S&P 500 companies have placed bitcoin on their balance sheets, and the overall value of the crypto market remains at more than $1.5 trillion as of writing. BlackRock CEO Larry Fink...
In the physical world, it's easy to achieve randomness because nature by itself is so random. But in the digital world, things are a little different and usually require some form of human-induced randomness to produce the desired result. The Random Number Generator (RNG) is such a piece of software or hardware that is used in computing to generate random numbers. This tool...
Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don't have much choice when protecting their assets, and only an estimated $2 billion of DeFi's $100 billion TVL is insured. Needless to say, crypto and DeFi are still in the exploratory phase in finding an optimal insurance solution. Exploits have become almost inevitable and hidden in plain...
In 1940, the chances of children outperforming their parents in terms of income was 41%. In 1980, this decreased to 8%, according to Opportunity Insights. Given the current inflation trajectory followed by wide-scale suspension of economic activity throughout 2020, it seems likely that social mobility compared to previous generations will continue to decline. One way in which this...
No private keys, no crypto. Individuals in the crypto domain often strive to be their own bank. There is good reason for them to do so, considering the gradual rise of surveillance states and big tech companies. Because traditional finance is centralized and debt-driven, it has manifested persistent issues and shortcomings, particularly concerning financial access. Besides excluding the global unbanked population, financial institutions...
Consumerization is the influence that products originating in the consumer markets eventually have on the broader commercial markets. Apple is the prototypical example of a consumer-focused company reshaping and ultimately transforming small-business, enterprise, and public-sector industries: the first iPhone began as a purely consumer-oriented gadget and eventually thoroughly disrupted...
There are times when we have two choices (or maybe more) that are mutually exclusive. Choosing one implies forgoing the other, as we can have them both at the same time. To take a simple example, suppose you are invited to two events happening simultaneously in different venues. Despite being equally interested in both, you can only attend one unless you are a...
So you want to build an industrial-scale Bitcoin mining farm, or scale up a smaller operation. Chances are you're being forced to make the decision, too: Either scale up and become more competitive with other mining operations or have someone else mine for you by outsourcing or pooling — or stop mining altogether. Over the past decade, Bitcoin mining has evolved dramatically. Anyone...
After much excitement and a series of fresh all-time highs for the likes of Bitcoin and other altcoins, the cryptocurrency market experienced a significant crash during May that left sentiment among investors at a new low. Although cryptocurrency markets are famously volatile, the sheer depths that the May 2021 crash delved into carried a sense of devastation about it. The market itself, which...
Experts predict that cryptocurrency will soon overtake FIAT money as the preferred medium of exchange, possibly as early as 2030. What does this mean for those who are experiencing financial difficulties right...
Over the past three years of operation, my colleagues at ARPA and I have had the opportunity to reflect in-depth on the nature of blockchain technology and its applications. What do these obscure terms like decentralization, immutability, fairness, and transparency mean for human society? We share our thoughts, which we’ve formulated into eight concepts, with you today in this...
El Salvador’s congress voted to accept the cryptocurrency and won a supermajority of 62 out of 84 votes. Starting in September, El Salvador will soon have two official currencies: the U.S. dollar (USD) and bitcoin (BTC). In...
The latest crackdown has compelled many bitcoiners to scramble for the exits, leaving their diamond-handed counterparts to issue witticisms that underline the former’s shaky resolve. One Twitter user, for instance, pointed out that many of bitcoin’s critics refuse to buy the asset “because China controls it” – while others sold “because China banned it.” So is the latest ban...
A unique combination of lockdowns, March’s stock market crash and Robinhood’s commission-free trading innovation created a massive surge of a new class of investors. At an average age of 31, millions of novice traders replaced sports betting, movie-watching and other hobbies with obsessive staring at stock charts on their newly discounted brokerages’ apps. Robinhood alone went up from 10 million users in 2019...
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