Guides

How Does KYC Work in the DeFi Space?

Decentralized finance (DeFi) has the potential to reach mainstream adoption and empower people worldwide financially. However, without regulations and identity control, it can easily become a platform for scams, fraud, and money laundering. The paradox is that by introducing stricter control on who can access DeFi products, the industry loses its "decentralization" factor. After all, this is what set it apart from traditional centralized finance (CeFi) in the first place. This is where KYC (Know Your Customer) standards come in…

The Importance of Smart Contract Auditing

Smart contracts are the innovation that propelled blockchain technology to where it is today. This invention fulfills the agreement between all the parties in a deal without the need for intermediaries. As a result, it boosts the security and immutability of a blockchain network, allowing numerous and diverse applications to develop. Unfortunately, smart contracts are not flawless and could lead to million-dollar losses if hackers can exploit their tinniest loopholes. For example, some famous attacks on smart contract code glitches…

Runnerland – An NFT-Driven Nostalgic Gaming Experience

Runnerland is a new game running on the BNB Chain, allowing users to fight, collect, and exchange items for real money. Fueling the game is a collection of rare NFTs enabling players to build and modify their characters into unique assets. Most importantly, gamers can enjoy a bit of action-adventure nostalgia as the game's universe mimics cult classics like The Legend of Zelda. This Runnerland review looks closely at the game’s features and blockchain-based utilities. Read on to discover its…

NFT Rug Pulls – What Are They and How to Avoid Them?

A rug-and-pull is a typical fraudulent method of luring investors to a financial enterprise only to abandon the project and run away with the raised funds. This scam has become increasingly popular in crypto. And with the emergence of non-fungible tokens (NFTs), the risk of NFT rug pulls has become real. This article looks at what rug pulls work with NFTs and how to avoid them. What Are NFT Rug Pulls? An NFT rug pull happens when the developers of…

How Smart Contract Audit and KYC Secures the DeFi Space

The decentralized finance (DeFi) space has developed substantially in the past three years. However, the threat of hacks and scams still looms large on the horizon, leading to FUD (fear, uncertainty, and doubt) in users and projects. Fortunately, smart contract audit and KYC services can tilt the balance towards a secure, more lucrative future for this sector. Auditing companies ensure that investors get behind real and feasible projects. Moreover, KYC standards guarantee the reliability of development teams and reduce malicious…

AssetDash – Bring All Your Portfolio Trackers to One Place

AssetDash is an all-in-one portfolio tracker for cryptocurrencies, stocks, DeFi, and NFTs, aiming to make digital asset tracking quick and easy. The app is currently available in the iOS App Store, ranking 1st in the NFT portfolio tracker app section. This AssetDash review looks closer at the app’s features, potential, and the team’s plans for the future. Read on to discover how you can track your investments more efficiently. What is AssetDash? Crypto enthusiasts with large portfolios can have difficulty…

Top 5 Crypto Portfolio Trackers To Use in 2022

An active cryptocurrency trader cannot do without the support of a crypto portfolio tracker. Not if they want to be successful at trading or investing. A crypto portfolio tracker is an app enabling you to monitor the amount and value of your crypto assets across all wallets, exchanges, platforms, and blockchain networks in real-time. It allows you to track historic transactions, live crypto prices, gains, and losses. Above all, it prevents you from mismanaging your portfolio while getting the best…

What Are the Differences Between Stop-Loss Orders and Portfolio Stop Loss?

In a volatile market like crypto, investors always look for ways to protect their assets. In this market, just like any other, nobody wants to lose money. Consequently, it's essential to introduce a price floor for the value of your assets. These situations can benefit from stop-loss orders or portfolio stop losses. However, some people have trouble figuring out where they should set their prices. If you set them up too far away, you could lose a lot of money…

How Can Crypto Trading Bots Help You Manage Your Investments?

Bots are computer programs designed to carry out specific activities automatically. They operate with the least amount of human input possible.  Crypto trading bots are automated programs that trade a single coin or a portfolio of cryptocurrencies. They trade on one or more exchanges on behalf of the owner or user.  Cryptocurrency bots can automate trading tactics to increase portfolio profits. Today, we'll take a closer look at this ever-expanding technology.  A Simple Way to See Crypto Trading Bots Artificial…

The Best Automated Cryptocurrency Trading Bots in the Market

The cryptocurrency market continues to expand every day. New projects are coming up, such as decentralized finance, and they are all changing the financial sector for the better. A new class of entrepreneurs, cryptocurrency traders, has eventually come, and with the growing value of Bitcoin and ETH, it surely qualifies to list among the most profitable ventures. Based on the daily charts, many people are trading and earning huge chunks of money.  However, the industry still faces high volatility, which…

Instant Crypto Swap Comparison! Changelly vs. Shapeshift vs. SWFT Blockchain

Supported Currencies Changelly supports over 100 cryptocurrencies, as well as USD and Euros. SWFT Blockchain, although newer to space, has grown from 18 tokens supported in January 2018 to over 90 different cryptocurrencies as of mid-December 2018. Meanwhile, Shapeshift has a more limited offering with only 35 cryptocurrencies. While Shapeshift and SWFT Blockchain does not yet provide fiat buy-ins, Changelly provides the ability to use USD and Euros at a surcharge. All three exchanges support top currencies like Bitcoin, Ethereum, Ripple, Stellar Lumens,…

Crypto Dust: What it is Dusting Attack and How to Protect Yourself

A dusting attack is a new cryptocurrency scamming technique whereby "dust" (tiny fractions of a cryptocurrency) is sent to a large number of wallet addresses to expose the person or company behind them. Dust attacks are a tactic used by criminals and law enforcement agencies. In the Bitcoin world, the term "dust" describes a small portion of bitcoin, often referred to as a satoshi.  To further trace the transaction, a large amount of dust appeared on the network, targeting a…

A Guide to Crypto Terminology: Most Common Cryptocurrency Terms

The cryptocurrency space has not been here for quite a while, with only over a decade since introducing the first coin. A significant population remains clueless about these digital assets, although many are beginning to show interest as the industry gets more mainstream. If you are just getting started into cryptocurrencies, you will probably be bumping into terms you never heard before. The truth is it can be intimidating when all you see is vocabulary, let alone the complex technology…

Top 3 Best Cryptocurrency Tracker Apps for iOS & Android

Thanks to the increasing interest and investment in the commercial space, the number of applications and websites used to track consumer portfolios' effectiveness has increased. Great, but currently, there are over 200 different apps for Cryptocurrency Tracker portfolios on the App Store alone. While choice and competition is usually a good thing, figuring out which Portfolio app has the right features for you can be a little confusing. While the benefits of the good ones are easy to see -…

Understanding the Difference Between Coins and Tokens

The cryptocurrency hype continues into 2021 with an unprecedented boom on major coins such as Bitcoin and Ether. The crypto industry is evolving every day and will seemingly rule the traditional financial world. Despite the known volatility of digital assets like coins and tokens from their introduction, people are still anxious about them and want to try their luck by investing in them. However, one thing that might confuse the new class of investors is the crypto industry terminologies. For…

The Differences Between Proof of Work (POW) and Proof of Stake (PoS)

Today, blockchains serve as the primary drivers of all crypto transaction operations in a digital asset. Its foundation is based on different aspects, such as privacy and transparency. Within the blockchain network reside nodes that act as the actual transaction validators. The presence of nodes explains the decentralized nature of cryptocurrencies since no single entity owns the system.  Therefore, node operators oversee every transactional process as they also own a copy of the distributed ledger. However, the operators work with…

10 Ways to start your Crypto Adventure and Earn with Crypto

The urge to get a hold of digital money is exponentially growing as the value of currencies as bitcoin closes in the $57,000 mark. The concept of global mass adoption will soon occur following the fruitful rewards and incomes investors receive from trading with cryptocurrencies. However, like any other venture, you have to be well prepared for any issues you might encounter ahead. Despite being a profitable niche, the crypto space experiences its share of hurdles evolving around financial and…

The Ultimate Beginner’s Guide to Cryptocurrency

Cryptocurrency, most commonly identified as digital money, was first instituted in 2009, with the very famous Bitcoin launch. Litecoin followed launch in 2011, and since then, many more crypto assets have joined the crypto world.  In crypto, the currency is secured by cryptography, thus protected against counterfeiting and double-spending. The host of crypto is blockchain, a decentralized ledger system using state-of-the-art infrastructure.  Recently, the advancements in the crypto world have made many people think of investing in crypto. Beginner investors…

Blockchain Technology – Everything you Need to Know

Anyone in the financial technology space must have heard about blockchain technology. However, not many people know how it works and the technology behind it. Blockchain technology is an invention of an anonymous individual or a group of people under the pseudonym Satoshi Nakamoto which powered the first cryptocurrency, Bitcoin, released in 2008. Technology has been in play ever since. Since blockchain technology release, the IT industry has massively evolved. However, several people are still skeptical due to a lack…

Stablecoins Explained – The Distinct Cryptocurrency Instrument

Data reveals that the overall market cap of stablecoins stands at over $35 B as of January 21, 2021. On top of that, the trading volumes are gradually rising as the crypto instrument closes in the $90 billion marks.  Investing in the digital asset world has become a difficult task for goal-oriented minds. However, the onset of stablecoins has proven to be a useful tool for trading in the market today. Stablecoins can be described as cryptocurrencies tied to other valuable…

A Beginner’s Guide to Bitcoin and Cryptocurrency Mining

When Bitcoin launched in 2009, technological and financial experts wanted to see how a digital currency can function. Satoshi Nakamoto, the currency and blockchain creator, introduced proof of work algorithms designed to mine and increase coin circulation. Many blockchains that launched afterward used crypto mining to release new coins.  Crypto mining is primarily the process of gaining new cryptocurrencies by participating in block validation. It mainly involves solving computational puzzles, adding new transaction records to the blockchain, and creating new…

Beginner’s Guide to choosing the right crypto wallet

Cryptocurrencies are virtual assets meaning they do not exist in the real sense. However, using crypto wallets, coin holders can store and use their reserves. A cryptocurrency wallet refers to a software program that securely holds public and private keys that allow digital currency owners to view their balances, send, and receive coins on a blockchain. Users can view the wallet as their local bank that stores their funds and access them when needed. Therefore, if you are interested in…

Beginner’s Guide: How to pick the right Cryptocurrency Exchange

A cryptocurrency exchange is your entry into the cryptoverse. Through it, you get to conclude all the buying and selling transactions in digital currencies that you'd wish to. Their centrality to digital asset trading underscores the significance of their careful selection. Three key questions should guide you when shopping for an exchange. First, what kinds of deals make the market offer? Second, which features make an excellent cryptocurrency exchange? And finally, which are the beginner-friendly exchanges that every novice should…

A Beginner’s Guide to Ethereum (ETH) ERC-20 Tokens

If you’re new in the crypto space, the concept of Ethereum and ERC20 tokens can be quite mind-boggling. Despite being a blockchain such as Bitcoin, Ethereum has numerous capabilities such as supporting the creation of other tokens and enabling decentralized applications (dApps) to be run on it. Ethereum provides the necessary infrastructure required to create tokens, meaning developers don't have to build an entirely new blockchain.  In creating tokens on the Ethereum blockchain, developers may comply with the ERC-20 smart…

Proof of Stake Coins – How to Earn Cryptocurrency Staking Rewards

In 2009, Satoshi Nakamoto released the first digital coin dubbed Bitcoin, introducing a concept dubbed proof of work, which would be used to mine the coins. Over ten years later, the currency has supernormal value, but the mining process has proven to be a massive risk for the miners. The proof of work systems uses high electricity. Recently, there was introducing a new concept, proof of stake, aiming to solve problems clouding mining.  The proof of stake concept is an…

A Beginner’s Guide to Cryptocurrency Staking – What You Need To Know

Are you a rookie crypto investor? Are you wondering how you can make passive income in the crypto world? There are many ways of earning rewards and interests and maximizing your income in the crypto world, including lending, mining, staking, etc.  Crypto mining, for instance, introduced in 2009, was the first way of earning crypto rewards. Mining participants are supposed to solve complex computations to get a chance at validating transactions and releasing new blocks. However, mining has proven to…

A Beginner’s Guide to Crypto Private and Public Keys

As a beginner in the crypto space, you may be wondering what public keys and private keys are and why you really need them.  Private and public keys are vital in cryptocurrency and blockchain to safeguard transactions. If you’re seeking to enter the crypto space, it’s essential to understand private and public keys. Here’s an in-depth look at each of them.  Understanding Cryptography: The Basic of Private and Public Key Private and public keys are elements of cryptography. Cryptography, also…

10 Tools Every Cryptocurrency Investor Must Have From Day One

The growth of the cryptocurrency world is enormous, and that has been a point of attraction for many investors worldwide to maximize their incomes. However, although highly beneficial, getting things done right when investing in crypto without cryptocurrency analysis tools is not easy.  The processes involved in trading, exchanging, trading, storing, buying, and tracking transactions can be very complicated. Without the right crypto analysis tools, an investor will lose fortunes from trading.  This guide discusses some vital tools that all…

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