In recent years, Africa has witnessed a significant shift in its approach to cryptocurrency, transitioning from outright bans to a more regulated and favourable environment for digital assets. According to Chainalysis, Africa is witnessing rapid growth in its crypto market, although it still holds the position of being the smallest among global markets. In mid-2021,…
Trust Wallet is a very popular cryptocurrency wallet that many crypto traders use. Renowned for its features and usability, Trust Wallet has secured a significant user base as it provides users with a reliable platform to store, manage, and trade their digital assets. Trust Wallet is compatible with many blockchain networks and tokens, which makes…
The security of blockchain projects has long been touted, but recent events in 2022 have exposed vulnerabilities, dispelling the notion of infallibility. In a series of successive attacks, the myth of impenetrable blockchain security was shattered. Startlingly, blockchain data platform Chainalysis reported that users lost over $3 billion worth of cryptocurrency in 2022 due to…
Cryptocurrencies have become a prominent part of the global financial landscape, offering new opportunities and challenges for investors and enthusiasts alike. If you’re considering delving into the world of cryptocurrencies, it’s crucial to equip yourself with essential tips to navigate this dynamic and ever-evolving market successfully. In this comprehensive guide, we’ll provide you with valuable…
Tether (USDT) belongs to the class of cryptocurrency called Stablecoins. Tether (USDT) has gained significant popularity among crypto investors, securing its position as the third-largest cryptocurrency in the market today. Renowned for its price stability and minimal volatility, the Tether token continues to attract a substantial number of investors. What Is A Stablecoin A stablecoin…
Bitcoin has been experiencing price surges since its inception in 2009, and the current question of whether it is too late to invest in Bitcoin has been concurrent since Bitcoin gained mainstream attention around 2010. Now is definitely an exciting time to revisit the question as Bitcoin begins to gain some momentum again since the…
Cryptocurrency 101 The word cryptocurrency was coined from two words, Cryptography, and Currency. In simple terms, cryptocurrency is a digital currency designed to serve the primary purpose of money; a medium of exchange. Cryptocurrency uses cryptography to secure and authenticate transactions and manage the creation and distribution of new units of a particular cryptocurrency. Blockchain…
Dollar-cost averaging is one of the ways to maintain a good investment portfolio. DCA is a tool used by stock brokers before the mainstream adaptation of cryptocurrency. It has proved to help mitigate the risk of volatility stocks in the market. What Is Dollar Cost Averaging (DCA)? Dollar-cost averaging (DCA) is based on the concept…
USDC is short for USD Coin, a type of cryptocurrency on the Ethereum blockchain. It’s called a stablecoin because its value is supposed to be the same as the US dollar. For every USDC token, there’s one US dollar held in a bank. USDC was created to provide stability and facilitate fast, secure, and low-cost…
Over the past three years, the popularity of cryptocurrencies has experienced a substantial rise, propelled by various influential factors. Among these factors, one prominent reason for the surge is individuals’ and businesses’ widespread acceptance of cryptocurrencies as a credible payment method. Furthermore, the global COVID-19 pandemic has contributed to the escalating popularity of cryptocurrencies. Many…