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The Differences between Inflationary and Deflationary Coins

Economics plays a significant role in a currency's success, whether fiat or crypto. Today, we explore the differences between inflationary and deflationary cryptocurrencies. By understanding the underlying dynamics of each type of currency, investors will be ready to make decisions regarding cryptocurrency investments. A Fundamental Premise on Inflation Theory and Cryptocurrency Inflation is the general increase in price levels in an economic system. It occurs when the amount of money in circulation exceeds the volume of goods and services available.…

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What Are Bitcoin Mixers and How Do They Work?

Bitcoin mixers, or tumblers, are online services that offer a way to obscure the origin of your cryptocurrency transactions. They mix coins from multiple users to make it difficult for anyone to trace the funds back to their source. Bitcoin mixers have become increasingly popular over the past few years due to concerns about privacy in the crypto sector. The Phenomenon of Bitcoin Mixers Bitcoin mixers work by shuffling your coins together with the coins of other users to obscure their…

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Top 3 Play-to-Earn (P2E) Games to Try Out in 2023

In recent years, the online community spent many words on the topic of Play-to-Earn (P2E) games. As investors wait for a new crypto bull run, many turn their attention to P2E games to generate income. P2E games are popular because they offer a unique opportunity for players to earn real money by playing the game. This is in contrast to traditional games, which only offer in-game rewards to purchase items or upgrades within the game. Why Are Play-to-Earn Games Popular?…

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How Smart Contract Audit Protect Users’ Wealth

As the crypto industry grows, so does the need for reliable and secure smart contracts. As a result, smart contract audits are becoming increasingly crucial in crypto, as they protect users' wealth by identifying and correcting contract errors. Of course, anyone can perform audits, but choosing a reputable auditor who understands the blockchain sector well is essential. Timing is also critical - audits should always be a priority for crypto projects.  The Purpose of a Smart Contract Audit The first…

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GDCC – A Platform to Redefine Peer-to-Peer Asset Transactions

GDCC is a blockchain platform that aims to take the peer-to-peer asset transactions concept to the next level. Specifically, it provides better security and facilitates faster transfers of digital assets. In addition, GDCC features an exchange platform, an automated market maker (AMM) pool, staking protocols, yield farming opportunities, and much more. What Is GDCC? GDCC is a secure and reliable way to trade digital assets, conduct payments, and enter the Web 3.0 world. The Global Digital Cluster Coin offers several advantages…

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GDCC – A Platform to Redefine Peer-to-Peer Asset Transactions

GDCC is a blockchain platform that aims to take the peer-to-peer asset transactions concept to the next level. Specifically, it provides better security and facilitates faster transfers of digital assets. In addition, GDCC features an exchange platform, an automated market maker (AMM) pool, staking protocols, yield farming opportunities, and much more. What Is GDCC? GDCC is a secure and reliable way to trade digital assets, conduct payments, and enter the Web 3.0 world. The Global Digital Cluster Coin offers several advantages…

Ice Phishing – What You Need to Know and How to Stay Safe

Ice phishing is an increasing problem in Web3, and you must learn how to defend yourself against it. For example, are you sure you are safe whenever you trust a website for DeFi transactions? Could it be a malicious actor waiting to steal your tokens? How is Ice Phishing different from typical phishing, and how to protect from it?  A Relatively New Threat- Ice Phishing Ice phishing is an online attack where criminals trick users into granting permissions that allow…

What is Proof of Work (PoW)

Proof of Work (PoW) is a protocol to achieve distributed consensus in cryptocurrency or other decentralized systems. It is an algorithm used to secure the network by requiring the users to perform a certain amount of work to participate in the network. This work usually involves solving a mathematical problem, which is computationally difficult to solve but easy to verify once it has been solved. The way PoW works are as follows: A new transaction is broadcast to the network…

NFT Volumes Dropped by 97% – Is Buying NFTs Still Worth it in 2023?

After peaking in January 2022, the NFT trading volume plummeted dramatically in just a few months, dropping by 97%. As a result, many investors are now wondering whether buying NFTs is still a good idea. Today, we explore the current state of the NFT market and discuss the factors that have caused the decline. We also examine what is necessary to revive the market and how investors should approach their NFT portfolios. Finally, we'll examine whether or not buying NFTs…

7 Tips to Trade Crypto in 2023

After a disappointing year, 2023 could be the year cryptocurrency trading resumes its long-term bull market. It's essential to understand the basics of cryptocurrency trading to be successful when trading cryptocurrencies in 2023.  Moreover, you should devise a solid strategy, research the markets, and utilize technical analysis.  The Profile of the Ideal Crypto Trader in 2023 The number of books attempting to find the ultimate formula for success in trading cryptocurrencies is growing. However, as successful investors know, the secret…

Is DeFi Dead? A Critical Look at the Decentralized Finance Sector

The strong contraction recorded in all DeFi-related tokens in 2022 has prompted many to ask: is DeFi dead? Overview of the Decentralized Finance (DeFi) Sector When DeFi originally appeared, many welcomed it as a groundbreaking crypto advance. Many envisioned decentralized financial services that anybody with an internet connection might access. The promise of decentralization offered the potential to reduce costs, eliminate counterparty risk, and offer greater financial inclusion. DeFi is a set of protocols and applications that let individuals interact…

NFT Projects that May Attract More Investors in 2023

The Non-Fungible Token (NFT) market may see a rebound in investors in 2023, with numerous projects gaining popularity. From games to collectibles, NFTs are becoming more enticing for blockchain investors. A Market Striving to Recover from a Sharp Decline After a 97% collapse in trading volume in 2022, the NFT market is striving to recover. However, it faces several challenges, including the need for more liquidity and infrastructure that would attract more investors. Many innovators, entrepreneurs, and investors still believe…

What is an Initial Token Offering (ITO)?

An initial token offering (ITO) is a fundraising event in which a company or organization sells tokens, which are often built on top of a blockchain, to investors in exchange for cryptocurrency or fiat currency. ITOs are similar to initial public offerings (IPOs) in that they involve the sale of securities to the public, but unlike IPOs, ITOs are typically conducted by companies in the cryptocurrency or blockchain industry. There are several steps involved in conducting an ITO: Develop a…

What are OTC (Over-the-counter) Bitcoin Exchanges?

Over-the-counter (OTC) exchanges are a type of exchange that allows users to trade bitcoin and other cryptocurrencies directly with each other without the need for a central exchange or market maker. Instead, the trades are facilitated by a network of dealers or brokers who act as intermediaries between buyers and sellers. OTC exchanges differ from traditional exchanges, such as Coinbase or Binance, as they are not required to follow the same regulatory rules and are not subject to the same…

Will DeFi Dominate the Crypto Landscape in 2023?

After peaking at the end of 2021, the DeFi market's performance disappointed investors in 2022. As a result, many believed decentralized finance had peaked and that further growth was impossible. However, as we approach 2023, many crypto investors wonder: will DeFi dominate the crypto landscape in 2023? In this article, we explore the potential for the DeFi niche in 2023. We look specifically at DeFi protocols' benefits, space security dynamics, and more. However, the debate is far from over, so…

Editor's picks

What Are DeFi Lending Platforms?

Decentralized finance (DeFi) lending platforms are decentralized applications (dApps) built on blockchain technology that enable users to borrow and lend cryptocurrency. These platforms use smart contracts to automate the lending process, eliminating the need for intermediaries such as banks. Here's an example of how a DeFi lending platform might work: Alice wants to borrow 100 ETH, so she goes to a DeFi lending platform and posts a request for a loan. Bob, who has 100 ETH to lend, sees Alice's…

What is The Capital Gains Tax in Crypto?

Cryptocurrency capital gains tax is the tax imposed on the profit made from the sale or exchange of a cryptocurrency. The tax rate for capital gains can vary depending on the country or jurisdiction. Still, in the United States, it is typically calculated as the difference between the cryptocurrency's purchase price (or cost basis) and the sale price multiplied by the individual's marginal tax rate. In some countries like the US, you only need to pay the capital gains tax…

Cryptocurrency vs. FIAT Money

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. FIAT money, on the other hand, is a currency a government has declared legal tender, but a physical commodity (such as gold) does not back it. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material…

Short-Term vs. Long-Term Crypto Investors

Short-term crypto investors typically buy and sell digital assets within a short time, often within a few hours or days. They are often driven by market fluctuations and aim to make quick profits. Long-term crypto investors hold onto their assets for longer, often for several months or years. As a result, they often believe in the technology and potential of the digital asset they are investing in and need to be more focused on short-term market movements. Short-Term vs. Long-Term…

What Are Bitcoin Maximalists?

Bitcoin Maximalists believe that Bitcoin is the only true cryptocurrency and that all other cryptocurrencies are inferior or unnecessary. Therefore, they often advocate for using and adopting only Bitcoin and reject the idea of diversifying one's cryptocurrency portfolio with other coins or tokens. Bitcoin Maximalists are known for their strong belief in the value and potential of Bitcoin as a decentralized and scarce digital asset. They often view it as a store of value or hedge against traditional fiat currencies…

Coins vs. Tokens: What Are the Differences and Similarities?

Crypto coins and tokens are digital assets that use blockchain technology, but they have some key differences. A crypto coin, like Bitcoin or Litecoin, is a standalone digital currency used to buy goods and services or traded on cryptocurrency exchanges. Coins have their blockchain and can be mined (created by solving complex mathematical equations) or minted through staking. On the other hand, a token is a digital asset built on top of an existing blockchain, like Ethereum or BNB Chain.…

What Are Overbought and Oversold Conditions in Crypto Trading?

Overbought and oversold conditions in crypto trading refer to situations where the price of a cryptocurrency has moved to an extreme level in one direction or the other. An overbought condition occurs when the price of a cryptocurrency has risen significantly and is considered too high relative to its recent trading history. This can indicate that the market is becoming too bullish and that the price may soon experience a correction. An oversold condition occurs when the price of a…

What is Crypto Tokenomics?

Crypto tokenomics refers to the economic principles and mechanisms that govern the creation, distribution, and use of tokens within a blockchain-based network. A token is a digital asset that can be traded on blockchain platforms and represents a certain value or utility within a specific ecosystem. For example, consider a decentralized application (dApp) built on the Ethereum blockchain. The dApp might issue its token, let's call it "APP," which can be used to access certain features or services within the…

What Are Gold-Backed Tokens?

Gold-backed tokens are digital assets backed by a physical asset, in this case, gold. They are typically issued by a company that holds a certain amount of gold in reserve. The company will issue certain tokens representing a specific amount of gold. For example, one token might represent one gram of gold. These tokens can be bought and sold on various cryptocurrency exchanges, similar to how other cryptocurrencies, such as Bitcoin, can be traded. The token's value is tied to…

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Altcoins

Coins vs. Tokens: What Are the Differences and Similarities?

Crypto coins and tokens are digital assets that use blockchain technology, but they have some key differences. A crypto coin, like Bitcoin or Litecoin, is a standalone digital currency used to buy goods and services or traded on cryptocurrency exchanges. Coins have their blockchain and can be mined (created by solving complex mathematical equations) or minted through staking. On the other hand, a token is a digital asset built on top of an existing blockchain, like Ethereum or BNB Chain.…

What is Crypto Tokenomics?

Crypto tokenomics refers to the economic principles and mechanisms that govern the creation, distribution, and use of tokens within a blockchain-based network. A token is a digital asset that can be traded on blockchain platforms and represents a certain value or utility within a specific ecosystem. For example, consider a decentralized application (dApp) built on the Ethereum blockchain. The dApp might issue its token, let's call it "APP," which can be used to access certain features or services within the…

What Are Gold-Backed Tokens?

Gold-backed tokens are digital assets backed by a physical asset, in this case, gold. They are typically issued by a company that holds a certain amount of gold in reserve. The company will issue certain tokens representing a specific amount of gold. For example, one token might represent one gram of gold. These tokens can be bought and sold on various cryptocurrency exchanges, similar to how other cryptocurrencies, such as Bitcoin, can be traded. The token's value is tied to…

Why Cryptocurrency Exchanges Freeze User Funds?

Cryptocurrency exchanges may freeze user funds for several reasons, including but not limited to the following: Compliance with government regulations or laws: Exchanges may be required by law enforcement agencies or regulatory bodies to freeze certain accounts as part of an investigation or for compliance with anti-money laundering (AML) or know-your-customer (KYC) regulations. Suspicious activity: Exchanges may freeze an account if they detect suspicious or fraudulent activity, such as attempted hacking or money laundering. High-risk countries: Some exchanges may freeze…

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Bitcoin

What Are Bitcoin Maximalists?

Bitcoin Maximalists believe that Bitcoin is the only true cryptocurrency and that all other cryptocurrencies are inferior or unnecessary. Therefore, they often advocate for using and adopting only Bitcoin and reject the idea of diversifying one's cryptocurrency portfolio with other coins or tokens. Bitcoin Maximalists are known for their strong belief in the value and potential of Bitcoin as a decentralized and scarce digital asset. They often view it as a store of value or hedge against traditional fiat currencies…

What is CoinJoin?

CoinJoin is a technique for improving the privacy of Bitcoin transactions. It works by combining multiple inputs from different users into a single transaction, making it difficult to determine which inputs correspond to which outputs. This is done by creating a "mixing" transaction in which multiple users send their inputs to a common address and then send their desired outputs to separate addresses. Because the inputs and outputs are mixed this way, it becomes much more difficult for outside parties…

Bitcoin Batching Explained

Bitcoin batching is used by exchanges and other large Bitcoin transaction senders to reduce transaction fees by combining multiple small transactions into one larger transaction. This is done by creating a "batch" of inputs from multiple small transactions and then sending them all at once in a larger transaction. Bitcoin batching can significantly reduce the overall cost of sending multiple small transactions, as the transaction fee is based on the number of inputs and outputs rather than the total amount…

Can Bitcoin Ever Go Beyond the 21 Million Capped Supply?

The maximum supply of Bitcoin is programmed to be 21 million. This limit is built into the Bitcoin protocol and cannot be changed without a hard fork, requiring the consensus of the entire Bitcoin network. Therefore, it is likely that the maximum supply of Bitcoin will never be increased beyond 21 million, even if a hard fork is proposed. Can Mining Pools Decide on the Bitcoin Supply? Mining pools can't be used to increase the supply of Bitcoin beyond the…

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Blockchain

Cryptocurrency vs. FIAT Money

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. FIAT money, on the other hand, is a currency a government has declared legal tender, but a physical commodity (such as gold) does not back it. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material…

What Is the Role of SEC in Crypto?

The SEC (Securities and Exchange Commission) is a government agency in the United States that is responsible for regulating securities markets and protecting investors. In crypto, the SEC plays a significant role in determining whether certain digital assets should be classified as securities, subject to federal securities laws and regulations. An example is the SEC's decision in 2019 to classify Ether (ETH) as a commodity rather than a security. This means that ETH is not subject to the same level of…

What Is the Role of CFTC in Crypto?

The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that regulates futures and options markets. In cryptocurrency, the CFTC has jurisdiction over derivatives and other financial products based on digital assets, such as Bitcoin and Ethereum. A practical example of the CFTC's role in cryptocurrency would be its oversight of companies that offer Bitcoin futures contracts. These contracts allow traders to speculate on the future price of Bitcoin and are traded on regulated exchanges…

What is Cryptocurrency Governance?

Crypto governance is the process by which stakeholders in a cryptocurrency or blockchain network make decisions about the network's protocol and operation. This can include decisions about software updates, changes to the network's consensus mechanism, and allocating funds for development and other expenses. One way crypto governance is implemented is through a decentralized autonomous organization (DAO), a digital organization run by code rather than by a central authority. In a DAO, stakeholders can propose and vote on proposals using their…

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DeFi

What Are DeFi Lending Platforms?

Decentralized finance (DeFi) lending platforms are decentralized applications (dApps) built on blockchain technology that enable users to borrow and lend cryptocurrency. These platforms use smart contracts to automate the lending process, eliminating the need for intermediaries such as banks. Here's an example of how a DeFi lending platform might work: Alice wants to borrow 100 ETH, so she goes to a DeFi lending platform and posts a request for a loan. Bob, who has 100 ETH to lend, sees Alice's…

Collateralized vs. Overcollateralized vs. Undercollateralized DeFi Loans

In decentralized finance (DeFi), collateralized loans are loans secured by collateral, which the borrower must deposit to the lender as a guarantee for the loan. The collateral is typically cryptocurrency and held in a blockchain smart contract. Overcollateralized loans are loans where the value of the collateral is greater than the loan's value. This means that the lender has a cushion of additional collateral to protect against potential losses in case the value of the collateral drops. On the other…

Various DeFi Services Crypto Holders Can Access

Several types of services can be accessed in the decentralized finance (DeFi) space, including: Lending and borrowing: Platforms such as Aave, Compound, and MakerDAO allow users to lend and borrow cryptocurrencies, earning or paying interest. Trading: Decentralized exchanges (DEXs) such as Uniswap and SushiSwap allow users to trade cryptocurrencies in a decentralized manner without the need for a central authority. Stablecoins: Stablecoins such as DAI and USDC are designed to maintain a stable value and can be used as a…

What Are Stablecoin Loans?

Stablecoin loans are loans issued and collateralized using stablecoins; digital assets pegged to the value of a fiat currency or other assets such as gold. These loans can be issued by decentralized lending platforms, which use smart contract technology to automate the lending process. One example of a stablecoin loan is a borrower using their stablecoin assets as collateral to borrow another stablecoin from a lending platform at a certain interest rate. For example, a borrower might deposit 100 USDC…

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Editor’s pick

What Are DeFi Lending Platforms?

Decentralized finance (DeFi) lending platforms are decentralized applications (dApps) built on blockchain technology that enable users to borrow and lend cryptocurrency. These platforms use smart contracts to automate the lending process, eliminating the need for intermediaries such as banks. Here's an example of how a DeFi lending platform might work: Alice wants to borrow 100 ETH, so she goes to a DeFi lending platform and posts a request for a loan. Bob, who has 100 ETH to lend, sees Alice's…

What is The Capital Gains Tax in Crypto?

Cryptocurrency capital gains tax is the tax imposed on the profit made from the sale or exchange of a cryptocurrency. The tax rate for capital gains can vary depending on the country or jurisdiction. Still, in the United States, it is typically calculated as the difference between the cryptocurrency's purchase price (or cost basis) and the sale price multiplied by the individual's marginal tax rate. In some countries like the US, you only need to pay the capital gains tax…

Cryptocurrency vs. FIAT Money

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. FIAT money, on the other hand, is a currency a government has declared legal tender, but a physical commodity (such as gold) does not back it. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material…

Short-Term vs. Long-Term Crypto Investors

Short-term crypto investors typically buy and sell digital assets within a short time, often within a few hours or days. They are often driven by market fluctuations and aim to make quick profits. Long-term crypto investors hold onto their assets for longer, often for several months or years. As a result, they often believe in the technology and potential of the digital asset they are investing in and need to be more focused on short-term market movements. Short-Term vs. Long-Term…

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iGaming

Top Crypto Casinos to Try Out in 2023

Cryptocurrencies have been around for a while now, with a quick increase in popularity over the last few years. This is mainly because of the huge increase in value that Bitcoin and some other cryptocurrencies have had. Consequently, more and more people are looking to use blockchain, which has increased the number of available crypto casinos. What are Crypto Casinos? A crypto casino is an online gaming platform where you can play various games using cryptocurrencies. Like regular casinos, these…

The Role of Crypto in the iGaming Business

The iGaming industry has grown exponentially into one of the most popular online activities worldwide.  With technological advancements, such as smartphones and cryptocurrency, the industry is constantly evolving to meet the players' convenience and security needs. How crypto Benefits the iGaming Business The iGaming business has come a long way since its inception in the late ‘90s. The growing implementation of cryptocurrency-based payments might be a milestone for iGaming. Crypto payments provide greater security and anonymity than credit cards, e-wallets,…

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Metaverse

The Creator Economy In The Metaverse

The creator economy in the metaverse refers to the economic activity that occurs within virtual worlds and other immersive digital environments. This includes selling virtual goods, services, and experiences and creating and distributing digital content such as 3D models, music, and videos. The creator economy is powered by blockchain technology, which allows the creation of digital assets that can be bought, sold, and traded on decentralized marketplaces. Additionally, creators can earn royalties on their content through smart contract-based platforms, which…

What are Metaverse Spaces?

Metaverse spaces are virtual environments where users can interact with each other and digital objects in real-time. These spaces are typically accessed through a computer or virtual reality headset and can be used for various purposes, such as socializing, entertainment, education, and commerce. Metaverse spaces are created using computer graphics and can be highly customizable, with users able to create their avatars, buildings, and other objects. Users can also interact with each other through text, voice, and gestures and can…

What is Metaverse Land?

The term "metaverse" refers to a virtual world that is fully immersive and interactive and can be accessed by users through various devices, such as virtual reality headsets or computer screens. "Metaverse land" refers to virtual real estate within the metaverse. It works similarly to real estate in the physical world, where individuals or companies can buy, sell, or rent virtual land within the metaverse. These virtual lands can be used for various purposes, such as building virtual homes, creating…

What is Metaverse?

The term "metaverse" refers to a virtual shared space, typically created by the convergence of multiple virtual worlds and augmented reality. The concept of a metaverse has been around for decades and has been depicted in science fiction literature and film. It is often imagined as a virtual reality space fully immersive, interactive, and seamlessly integrated with the real world. In the metaverse, users can interact with each other and with virtual objects and environments in real time. The metaverse…

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NFT

What are NFT Drops?

NFT drops are a way for creators to sell unique digital items, such as art, music, or videos, as non-fungible tokens (NFTs) on a blockchain. These items can then be bought and sold like physical collectibles, and the ownership is recorded on the blockchain. To participate in an NFT drop, an individual must have a digital wallet that supports the specific cryptocurrency used in the sale. The creator will announce a date and time for the drop and set a…

What is an NFT Marketplace?

An NFT (non-fungible token) marketplace is a platform where users can buy and sell non-fungible tokens, a type of digital asset that represents ownership of a unique item or piece of content, such as a digital artwork, collectible, or in-game item. NFTs are typically stored on a blockchain, which is a decentralized and secure digital ledger and can be bought and sold using cryptocurrency. In an NFT marketplace, sellers can list their NFTs for sale, and buyers can browse and…

NFT Projects that May Attract More Investors in 2023

The Non-Fungible Token (NFT) market may see a rebound in investors in 2023, with numerous projects gaining popularity. From games to collectibles, NFTs are becoming more enticing for blockchain investors. A Market Striving to Recover from a Sharp Decline After a 97% collapse in trading volume in 2022, the NFT market is striving to recover. However, it faces several challenges, including the need for more liquidity and infrastructure that would attract more investors. Many innovators, entrepreneurs, and investors still believe…

NFT Volumes Dropped by 97% – Is Buying NFTs Still Worth it in 2023?

After peaking in January 2022, the NFT trading volume plummeted dramatically in just a few months, dropping by 97%. As a result, many investors are now wondering whether buying NFTs is still a good idea. Today, we explore the current state of the NFT market and discuss the factors that have caused the decline. We also examine what is necessary to revive the market and how investors should approach their NFT portfolios. Finally, we'll examine whether or not buying NFTs…

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P2E

What is Crypto GamiFi?

A "crypto gamiFi" is likely a play on the words "cryptocurrency" and "gamification," and it probably refers to a system that uses elements of game design to encourage people to use or interact with cryptocurrency. An example of this might be a mobile app that rewards users with small amounts of a particular cryptocurrency for completing certain tasks or challenges. For example, the app might award users a certain number of tokens for each friend they refer to the app…

What are Play-to-earn (P2E) Games?

Play-to-earn (P2E) games are video games in which players can earn real-world rewards or cryptocurrency by playing the game and achieving certain milestones or goals. These rewards can be earned through in-game activities such as completing quests, defeating enemies, or participating in events. Some examples of play-to-earn games include blockchain-based games that use non-fungible tokens (NFTs) or other types of cryptocurrency to reward players and games that offer real-world rewards such as gift cards or merchandise. Play-to-earn games aim to…

Top 3 Play-to-Earn (P2E) Games to Try Out in 2023

In recent years, the online community spent many words on the topic of Play-to-Earn (P2E) games. As investors wait for a new crypto bull run, many turn their attention to P2E games to generate income. P2E games are popular because they offer a unique opportunity for players to earn real money by playing the game. This is in contrast to traditional games, which only offer in-game rewards to purchase items or upgrades within the game. Why Are Play-to-Earn Games Popular?…

Are Play-to-Earn Games Really Paying Players?

We have seen a rise in the number of games allowing players to earn money. These play-to-earn (P2E) games enable people to monetize their gaming experience. But can you make money from this kind of game? As we enter 2023, many wonder if they can trust these games to pay their players. Let's find out! Definition of Play-to-Earn Games Play-to-Earn games are online games that allow players to monetize their in-game achievements, time, and effort. Such games usually have an…

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What Are DeFi Lending Platforms?

Decentralized finance (DeFi) lending platforms are decentralized applications (dApps) built on blockchain technology that enable users to borrow and lend cryptocurrency. These platforms use smart contracts to automate the lending process, eliminating the need for intermediaries such as banks. Here's an example of how a DeFi lending platform might work: Alice wants to borrow 100 ETH, so she goes to a DeFi lending platform and posts a request for a loan. Bob, who has 100 ETH to lend, sees Alice's…

What is The Capital Gains Tax in Crypto?

Cryptocurrency capital gains tax is the tax imposed on the profit made from the sale or exchange of a cryptocurrency. The tax rate for capital gains can vary depending on the country or jurisdiction. Still, in the United States, it is typically calculated as the difference between the cryptocurrency's purchase price (or cost basis) and the sale price multiplied by the individual's marginal tax rate. In some countries like the US, you only need to pay the capital gains tax…

Cryptocurrency vs. FIAT Money

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. FIAT money, on the other hand, is a currency a government has declared legal tender, but a physical commodity (such as gold) does not back it. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material…

Short-Term vs. Long-Term Crypto Investors

Short-term crypto investors typically buy and sell digital assets within a short time, often within a few hours or days. They are often driven by market fluctuations and aim to make quick profits. Long-term crypto investors hold onto their assets for longer, often for several months or years. As a result, they often believe in the technology and potential of the digital asset they are investing in and need to be more focused on short-term market movements. Short-Term vs. Long-Term…

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Trading

What is The Capital Gains Tax in Crypto?

Cryptocurrency capital gains tax is the tax imposed on the profit made from the sale or exchange of a cryptocurrency. The tax rate for capital gains can vary depending on the country or jurisdiction. Still, in the United States, it is typically calculated as the difference between the cryptocurrency's purchase price (or cost basis) and the sale price multiplied by the individual's marginal tax rate. In some countries like the US, you only need to pay the capital gains tax…

Short-Term vs. Long-Term Crypto Investors

Short-term crypto investors typically buy and sell digital assets within a short time, often within a few hours or days. They are often driven by market fluctuations and aim to make quick profits. Long-term crypto investors hold onto their assets for longer, often for several months or years. As a result, they often believe in the technology and potential of the digital asset they are investing in and need to be more focused on short-term market movements. Short-Term vs. Long-Term…

What Are Overbought and Oversold Conditions in Crypto Trading?

Overbought and oversold conditions in crypto trading refer to situations where the price of a cryptocurrency has moved to an extreme level in one direction or the other. An overbought condition occurs when the price of a cryptocurrency has risen significantly and is considered too high relative to its recent trading history. This can indicate that the market is becoming too bullish and that the price may soon experience a correction. An oversold condition occurs when the price of a…

The Best Crypto Exchanges Worldwide

Here's a list of the best cryptocurrency exchanges worldwide: Binance - Binance is one of the world's largest and most popular cryptocurrency exchanges, founded in 2017 by Changpeng Zhao and Yi He. Binance has quickly grown to become one of the most popular exchanges in the world, thanks to its wide variety of cryptocurrencies available for trading, low trading fees, and fast transaction speeds. Binance offers spot, margin, and OTC trading for over 350 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin,…

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What Are DeFi Lending Platforms?

Decentralized finance (DeFi) lending platforms are decentralized applications (dApps) built on blockchain technology that enable users to borrow and lend cryptocurrency. These platforms use smart contracts to automate the lending process, eliminating the need for intermediaries such as banks. Here's an example of how a DeFi lending platform might work: Alice wants to borrow 100 ETH, so she goes to a DeFi lending platform and posts a request for a loan. Bob, who has 100 ETH to lend, sees Alice's…

What is The Capital Gains Tax in Crypto?

Cryptocurrency capital gains tax is the tax imposed on the profit made from the sale or exchange of a cryptocurrency. The tax rate for capital gains can vary depending on the country or jurisdiction. Still, in the United States, it is typically calculated as the difference between the cryptocurrency's purchase price (or cost basis) and the sale price multiplied by the individual's marginal tax rate. In some countries like the US, you only need to pay the capital gains tax…

Cryptocurrency vs. FIAT Money

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank or government. Bitcoin, the first and most widely used cryptocurrency, was created in 2009. FIAT money, on the other hand, is a currency a government has declared legal tender, but a physical commodity (such as gold) does not back it. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material…

Short-Term vs. Long-Term Crypto Investors

Short-term crypto investors typically buy and sell digital assets within a short time, often within a few hours or days. They are often driven by market fluctuations and aim to make quick profits. Long-term crypto investors hold onto their assets for longer, often for several months or years. As a result, they often believe in the technology and potential of the digital asset they are investing in and need to be more focused on short-term market movements. Short-Term vs. Long-Term…

What Are Bitcoin Maximalists?

Bitcoin Maximalists believe that Bitcoin is the only true cryptocurrency and that all other cryptocurrencies are inferior or unnecessary. Therefore, they often advocate for using and adopting only Bitcoin and reject the idea of diversifying one's cryptocurrency portfolio with other coins or tokens. Bitcoin Maximalists are known for their strong belief in the value and potential of Bitcoin as a decentralized and scarce digital asset. They often view it as a store of value or hedge against traditional fiat currencies…

Coins vs. Tokens: What Are the Differences and Similarities?

Crypto coins and tokens are digital assets that use blockchain technology, but they have some key differences. A crypto coin, like Bitcoin or Litecoin, is a standalone digital currency used to buy goods and services or traded on cryptocurrency exchanges. Coins have their blockchain and can be mined (created by solving complex mathematical equations) or minted through staking. On the other hand, a token is a digital asset built on top of an existing blockchain, like Ethereum or BNB Chain.…

What Are Overbought and Oversold Conditions in Crypto Trading?

Overbought and oversold conditions in crypto trading refer to situations where the price of a cryptocurrency has moved to an extreme level in one direction or the other. An overbought condition occurs when the price of a cryptocurrency has risen significantly and is considered too high relative to its recent trading history. This can indicate that the market is becoming too bullish and that the price may soon experience a correction. An oversold condition occurs when the price of a…

What is Crypto Tokenomics?

Crypto tokenomics refers to the economic principles and mechanisms that govern the creation, distribution, and use of tokens within a blockchain-based network. A token is a digital asset that can be traded on blockchain platforms and represents a certain value or utility within a specific ecosystem. For example, consider a decentralized application (dApp) built on the Ethereum blockchain. The dApp might issue its token, let's call it "APP," which can be used to access certain features or services within the…

What Are Gold-Backed Tokens?

Gold-backed tokens are digital assets backed by a physical asset, in this case, gold. They are typically issued by a company that holds a certain amount of gold in reserve. The company will issue certain tokens representing a specific amount of gold. For example, one token might represent one gram of gold. These tokens can be bought and sold on various cryptocurrency exchanges, similar to how other cryptocurrencies, such as Bitcoin, can be traded. The token's value is tied to…

The Best Crypto Exchanges Worldwide

Here's a list of the best cryptocurrency exchanges worldwide: Binance - Binance is one of the world's largest and most popular cryptocurrency exchanges, founded in 2017 by Changpeng Zhao and Yi He. Binance has quickly grown to become one of the most popular exchanges in the world, thanks to its wide variety of cryptocurrencies available for trading, low trading fees, and fast transaction speeds. Binance offers spot, margin, and OTC trading for over 350 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin,…

The Best Crypto Exchanges in New Zealand

Here is a list of some of the best cryptocurrency exchanges in New Zealand: Independent Reserve: Independent Reserve exchange is based in Australia and New Zealand and offers trading in various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It has a user-friendly interface and offers low fees. Binance: Binance is a global exchange that offers trading in a wide range of cryptocurrencies. It has a user-friendly interface and offers low fees. Binance has also been reported to have good customer service.…

The Best Crypto Exchanges in South Korea

Here are some of the best cryptocurrency exchanges in South Korea: Bithumb: Bithumb is one of the largest and most widely used cryptocurrency exchanges in South Korea. Bithumb offers a wide range of trading pairs and has a strong reputation for security. Upbit: Owned by South Korean internet giant Kakao, Upbit is another popular exchange in South Korea that offers a wide range of trading pairs and is known for its high trading volume and low fees. Coinone: Coinone is…

The Best Crypto Exchanges in Japan

Here is a list of some of the best cryptocurrency exchanges in Japan: bitFlyer: One of the largest and most reputable exchanges in Japan, bitFlyer offers trading in a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. BitBank: Bitbank exchange is known for its user-friendly interface and offers trading in various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Coincheck: This exchange is one of Japan's oldest and most reputable. Coincheck offers trading in many cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.…

The Best Crypto Exchanges in Taiwan

Here's a list of the most popular exchanges in Taiwan and their features: BitoEX: BitoEX is a Taiwan-based exchange that supports trading multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It also offers a mobile app for trading on the go. Maicoin: Maicoin exchange provides a simple and user-friendly platform for buying and selling cryptocurrencies. It supports a variety of digital assets, including Bitcoin and Ethereum. Bithumb Taiwan: Bithumb Taiwan exchange is a branch of the popular South Korean exchange, Bithumb.…

The Best Crypto Exchanges in Indonesia

Here are some of the best cryptocurrency exchanges in Indonesia: Indodax (previously known as Bitcoin.co.id) - One of the oldest and most popular cryptocurrency exchanges in Indonesia. Indodax offers trading in various cryptocurrencies, including Bitcoin, Ethereum, and IDR markets. Tokocrypto - Tokocrypto is a newer cryptocurrency exchange; it has quickly gained popularity in Indonesia due to its user-friendly interface and support for many cryptocurrencies. Coinvestasi - Coinvestasi is another newer exchange that provides a secure and easy-to-use platform for buying and…