In the world of cryptocurrencies, a wrapped token is a digital representation of a cryptocurrency or asset that is made compatible or convertible when ‘wrapped’ so that it can be used on other blockchains. This version of the cryptocurrency is on a different blockchain than the one it was originally on. It is backed by reserves and is pegged 1:1 to the real asset. Blockchains are like separate digital networks or ledgers. You could think of them as different countries, each with its own rules and money. A wrapped token then works like a digital gift card. The gift card […]
Remember that panic when you sent crypto and immediately wondered if you got the address wrong? Or the quiet panic that sets in when you think about what losing your seed phrase really means? These nightmares have actually become a worry of the past, as smart contract wallets have fundamentally changed how we use blockchain networks. A smart contract wallet is a crypto wallet that’s controlled by programmable code on the blockchain, instead of being controlled by a single private key like traditional wallets. They are wallets that have the safety nets and convenience of the traditional bank account but […]
If you are new to crypto and suddenly came across blue chip cryptocurrency and are wondering what on earth that is, this article is for you. Here we will find out what a blue chip is, how to identify it from other cryptos, and of course, we will look at some of the more popular ones. What Does ‘Blue Chip’ Mean? In traditional finance, a ‘blue chip’ refers to a company that is widely recognized as a high performer over an extended period of time. It comes from poker chips being blue, red, and white, with the blue chips being […]
Jack Dorsey has become one of the best-known personalities who work in contemporary technology. He developed online communication systems which businesses now use to handle digital payments. His work during the past 20 years has impacted three areas of society which include social media platforms and financial systems, and the ongoing discussion about decentralized systems. Dorsey established Twitter as his main achievement, which developed into a major platform for international news coverage and political discussions and public arguments. He developed his financial technology career by creating payment solutions that enable users to make secure transactions with greater ease. Dorsey has […]
Crypto has always been sort of weird and bizarre. Born from the minds of privacy-loving hackers, tech wizards, and folks fed up with the status quo, it’s no shock that the scene is packed with oddballs. And maybe that’s why some really weird crypto projects have come about. Now, as memecoins pop up like flowers in spring, the weirdness has hit new heights. I have gone through the chaos to bring you the 10 weirdest crypto projects that capture how bizarre crypto really is. PotCoin’s High Hopes First up on our list of the weirdest crypto projects is PotCoin (POT), […]
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A portfolio refers to the collection of assets held by an individual, company, or institution. The cryptocurrency portfolio of an investor normally contains various digital assets which include Bitcoin, altcoins and stablecoins and sometimes tokenized assets or NFTs. The main function of a portfolio is to help investors arrange their financial assets while they control their levels of asset exposure and risk management. The crypto market allows investors to create various portfolio types which depend on their investment strategy and
A correction is a market term which describes a temporary price drop that follows a period of strong asset price increases. The term correction in cryptocurrency markets describes price decreases which reach 10 percent or greater from recent peak values although no specific standard exists. Market cycles include corrections as regular events which investors consider to occur without starting a larger market decline. Cryptocurrencies experience corrections after their prices increase rapidly through positive market sentiment and speculative trading and important
The sideways market period occurs when cryptocurrency prices stay within specific boundaries without displaying any market direction. Price movements create patterns of repeating upward and downward swings while maintaining constant price levels. Market participants view this market phase as a temporary halt because it does not indicate any market strength or market weakness. After cryptocurrencies experience significant price changes, markets tend to enter sideways periods. After a price increase or a complete market decline, buyers and sellers will establish a
The compliance process known as Know Your Business which operates under the abbreviation KYB enables cryptocurrency and financial institutions to authenticate corporate entities. The primary purpose of this system is to enable businesses to establish financial relationships through corporate account creation and token listing and blockchain and exchange operations. The implementation of KYB requires compliance with anti-money laundering and counter-terrorism financing regulations which govern both conventional financial systems and digital asset markets. The process of KYB assists platforms to identify
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