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When digital digital currencies are fully adopted, not a single tree will be chopped down to issue them. But cryptocurrency mining is an energy-intensive process that requires a large amount of electricity to power the hardware used to solve the cryptographic puzzles that reward miners
With fall of the prominient crypto exchanges Celsius Network, Voyager Digital and FTX, you maybe wondering if is time to completely skip public storage and go private. That is a more valid question than every before, but like everything else in life there significant pros
In the wake of the FTX Sam Bankman-Fried fiasco, many questions surrounding the future of crypto have included the need for more stringent regulation. Many in the Crypto word have scoffed at heavy government involvement overseeing digital assets from the start. But with the massive
We are all familiar with the stories about stocks day traders, but do you know you can do the same thing with crypto? Cryptocurrency day trading is a high-risk activity with potentially enormous rewards and losses. With the growth of cryptocurrency markets, day trading has
Cryptocurrency wallets are an essential part of any crypto-trader’s life. They are the gateways to the digital world of cryptocurrencies, providing secure storage and easy access to your digital assets. Digital currencies are the future of secure payments online and offline and therefore security will
The short answer to the question of whether it is still possible for the average person with a small budget to mine Bitcoin in 2023 is yes. However, the process is much more difficult than it was when Bitcoin first came on the scene in
Sam Bankman-Fried (SBF), the disgraced former FTX CEO has been arrested in Bahamas – he is being charged with wire fraud and conspiracy in U.S. The young CEO went on an ill-advised media tour professing his innocence. YouTuber Coffeezilla has made it his mission for
Nuclear is always ten years away, according to the old joke of how difficult is to harness the power of the stars. Crypto as we are all familiar now, has an energy devouring problem. Mining of digital coins is a very energy hungry process. What
Cryptocurrency wallets are the most important tools used in the crypto space, allowing users to store, send and receive digital assets. Unfortunately, these wallets are vulnerable to theft, so it is important to take the necessary steps to secure them. In this article, we will
The debate about whether cryptocurrency can be pegged to the gold standard has been ongoing for some time now, and it has proven to be a difficult question to answer. While the idea of pegging a digital currency to a physical asset may seem appealing,
Bitcoin, the decentralized digital currency, has been making headlines lately as its value continues to soar. But Bitcoin is more than just an investment; it’s also a new way of conducting transactions and doing business. This has led to the rise of professional Bitcoin mining
The world of cryptocurrency is rapidly changing and Binance is one of the leading players in the industry. Founded in 2017, the company has grown to become one of the largest cryptocurrency exchanges in the world with a market cap of over 90 billion U.S
altcoin is any cryptocurrency other than Bitcoin. The term generally refers to any coin that is built on a different protocol than Bitcoin, such as Litecoin, Ethereum, or Monero. There are hundreds of altcoins in existence, and new ones are created every day. While some
Bitcoin mining is not as lucrative now but is still a popular way to make money for some, but it can come at a cost to the environment. The energy required to power the computers used in Bitcoin mining can create a large carbon footprint.
Sam Bankman-Fried and the FTX collapse has no doubt cast a very dark shadow over the whole crypto world. Other crypto entities are also tethering on the brink of collapse too, such as Genesis, perhaps. While many seems to be panicking, what can we learn
In the digital age, new ways of spending and exchanging money are constantly emerging to suit different needs. New services like mobile payment systems and e-commerce platforms remove the need for cash or checks, as well as old-fashioned monetary exchanges between friends and family members.
You’ve become familiar with the world of blockchain technology and cryptocurrencies, and now you want to invest. Choosing the right cryptocurrency exchange can be a difficult decision for first-time investors. It’s obvious: There are far too many exchanges out there, each with its own advantages
Bitcoin miners are the heart of the Bitcoin network. Thanks to their efforts, new Bitcoins are released into circulation on a regular and predictable timetable. There will only ever be a total supply of only 21 million Bitcoins that can ever come into existence. This
Since the invention of digital currency, there have been many variants of such currency. These variants are commonly known as “alternative” or “alt” coins, or simply as “coins” (as in “coin of another type”). Each one of these altcoins has its own unique properties and
When the cryptocurrency craze reached a fever pitch in last year. Everyone and their dog wanted in on the action, and new digital currencies are springing up every day. There are now over 7100 listed on Coinmarketcap, with new entries breaking into the top 20
Did you know that a staggering one billion accounts have been compromised in the past few years alone? Even tech titans like Google and Yahoo have struggled to keep their users safe. The unfortunate reality is cyber criminals are getting sneakier and more resourceful with
There are several advantages to using smart contracts to transact cryptocurrency. Before we get into those, let’s first talk about the disadvantages of current cryptocurrency transaction methods. When we make financial transactions with banks or credit cards, they verify and process the payment. However, when
It’s no secret that the world of technology is booming with new ideas and innovations. The ability for businesses to launch their product to market at lightning speed has been made possible thanks to the internet. In addition to this, businesses can now raise money
Bitcoin Pizza Day is the annual celebration of the first real-world transaction with Bitcoin involving 10,000 Bitcoins for 2 pizzas. At Bitcoin’s peak price of $64,800 on April 14, 2021, those two pizza were worth $648,000,000 USD. The event was initiated by Crypto Maffia, a
Cryptocurrency is a revolutionary technology that has the potential to change how we exchange money. The ability to transact with digital money that isn’t controlled by banks or governments represents a free and democratic way of transacting financial value. But for cryptocurrencies to become a