WHAT IS DEFI AND HOW DOES IT WORK WHAT IS DEFI AND HOW DOES IT WORK: DeFi stands for decentralized finance, the term used to describe financial applications built on cryptocurrency or blockchain to disrupt existing financial intermediaries. A lot of people place DeFi under the category of blockchains and cryptocurrencies. However, this isn’t the…
HOW DOES NFT WORK HOW DOES NFT WORK: What is it? In NFTs, ownership of unique digital items can be exchanged and the ownership of them tracked on the blockchain. NFT stands for non-fungible token and technically, it can be anything digital, including drawings, animated GIFs, songs, or items in video games. Online, they are…
How to determine which coin to invest in How to determine which coin to invest in: Cryptocurrency has been in existence for a while now but gained popularity in recent years owing to its growth to the popularly renowned coin called Bitcoin. Let’s take a brief look at the history of cryptocurrency. Cryptocurrency is…
How to Avoid Losses as a Cryptocurrency Trader How to Avoid Losses as a Cryptocurrency Trader: Like every other investment opportunity, cryptocurrency trading comes with its upsides and downsides. You can make huge profits on trades; in the same manner, you can make huge losses. In 2020, the price of 1 bitcoin went from $10,000…
Market gains hope as Bitcoin hits its highest level since May 12: A price decline in Bitcoin among other cryptocurrencies, including Ethereum (ether), and dogecoin, resulted in those currencies falling from above $52,000 to below $44,000. Cardano (ADA), Solana, as well as other altcoins that recently hit record highs were also impacted by bitcoin’s crash…