Cryptocurrency reached its highest value point in 2021, valued at nearly $3 trillion. As talks of an economic downturn started, cryptocurrency values began its crash. During the largest decline, the two largest digital currencies lost nearly three-quarters of their value. As of January 2023, the...
Giving cryptocurrency as a gift is an excellent way to introduce someone to this new form of currency and provide them with something with a chance to appreciate in value. However, they'll need to understand how to access, store, use the gift, and account for triggering any taxable events....
Cryptocurrency exchanges are online platforms hosted by companies or other entities that make it convenient for users to purchase and sell cryptocurrency. When cryptocurrency was first introduced, you had to manually enter a command in a terminal to send a coin to someone. Eventually, user interfaces...
The first and most popular cryptocurrency, bitcoin, launched more than a decade ago. Yet for all the relentless buzz around cryptocurrencies, relatively few are well versed in them.
Yet while the cryptocurrency trading market is valued at above$1 billion, only a couple of hundred different digital assets are actively traded every day. And as the table below shows, a handful of virtual tokens make up the lion’s share of the market’s value, with Bitcoin being by far...
As the value of cryptocurrency is determined solely by the demand of the market, the SQUID coin’s value skyrocketed from 1 cent to nearly $3,000 in one week, before crashing by 99.99%, which resulted in the developers making off with approximately £2.4million of investors’ funds. How ...
Much like its cryptocurrency cousins, NFT values can ebb and flow dramatically. Understanding that today’s prized asset might wane in value tomorrow is critical for players and stakeholders eyeing this space. Prudent investment and comprehensive research are the order of the day. ...
The value of Monero (XMR) coins is determined by demand and supply economics. This applies to almost all currencies. However, Monero’s algorithm controls the supply of coins to some extent to prevent hyperinflation. Miners are only allowed to generate a limited number of coins per block, and...
Learn about blockchain technology, how it works, and its real-world applications. Discover why blockchain is revolutionizing industries worldwide.
Argentina's president is facing a political crisis after he posted about a cryptocurrency on X. Javier Milei had highlighted the Libra "memecoin" to his 1.3 million followers - causing the token's value to surge to £3.6bn. But he deleted the post hours later after concerns were raised ...