Explained: Makers, takers, and tariffs on crypto exchanges
Many crypto trading platforms operate on maker/taker systems. Users placing orders become either makers or takers. The market makers and takers pay commission for conducting trade on the exchange. However, the commission rates are dependent on the role the trader or client plays in the system. The rates also vary on different exchanges based on […]
Reports: Metaverse potential $1 Trillion market opportunity
The metaverse is a burgeoning sector in the crypto space and the virtual world. It stands at the forefront of crypto enthusiasts and gamers’ attention following Facebook’s rebranding to Meta. The prices of metaverse coins skyrocketed as a result. Between early 2020 and 2021, metaverse projects have gained ten times active user traction. In November […]
What is Sandbox (LAND)? Why is Virtual Land in Metaverse Trending?
The Sandbox is a play-to-earn game that utilizes blockchain, DeFi, and NFTs to allow players to design and build their games and digital assets and customize them. After the debut of SAND Alpha and the incorporation of the 3D metaverse, the Sandbox (SAND) has seen a significant increase in on-chain action. Also, the blockchain-based platform […]
The Esports Universe: Blockchain Gaming, DAOs, Guilds, and Rage Quitting
The growth rate for E-sports is enormous, and the utilization of blockchain technology has resulted in innovations. Blockchain gaming is revolutionizing how gamers interact with games. Additionally, DAOs are developing new models for collaboration and economic engagement. In-game assets have been a part of video games for a while. From items such as coins and […]
What is Etherscan and How to Use it?
Etherscan is an extremely useful tool for anyone who uses the Ethereum network. It is a popular Ethereum blockchain explorer. The website provides on-chain data such as transactions, blocks, wallet addresses, and more to Ethereum users. It was created to promote blockchain transparency by eliminating the necessity for a middleman. With that, users can get […]
Web 3.0 and Metaverse: Shaping the Crypto and Blockchain Revolution
The metaverse and Web 3.0 movement is booming, reinventing how people interact with the digital realm. The incorporation of blockchain technology and Web 3.0 in the development of the metaverse promises user-centric, transparent, and democratic platforms shy from corporate control. The metaverse, for instance, presents several possibilities that several Silicon Valley firms and CEOs have […]
How to Pay Tax on Cryptocurrencies?
Cryptocurrency taxes are complex because they have been classified as property for federal income tax purposes. Secondly, they are classified as currency for certain state rules such as sales and capital gains taxes. In many countries, cryptocurrencies are taxable. Every country has its own set of rules, so double-check with a tax professional before deciding. […]
Meet Web 3.0: The Revolution of the Internet
The internet has come a long way from its primary intentions of open space to centralized internet and now, a concept of a decentralized version of the internet. However, traditional tech gatekeepers still have a grip on the digital economy. It is up to those creating the decentralized internet to loosen that grip, especially with […]
Proof of Work VS Proof of Stake
The debate over Proof of Work vs. Proof of Stake has long divided the cryptocurrency community. The argument comes down to which consensus algorithm is more efficient, but there are several variables to consider before deciding which is better. In this article, we look at the basics of both these consensus algorithms and understand the […]
What are KYC and AML? Why are they Relevant for Digital Assets?
Banks and other financial services providers use KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to combat fraud, money laundering, and terrorist financing. These concepts have been around for a while and initially supported banks and financial institutions. However, with the emergence of digital assets like Bitcoin, these rules are also being applied to […]
What are Cryptocurrency Derivatives?
The crypto market is expanding rapidly, and while many people are still hesitant to enter the sector, there are several new trends in progress. Derivatives based on cryptocurrencies are one of these trends. These might be options or futures contracts on specific markets, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), etc. Cryptocurrency derivatives have […]
Best Security Measures to Consider in Cryptocurrency Trading
Digital assets have become one of the prime targets for attackers. Malicious actors have found sophisticated ways to target users transacting in cryptocurrencies. It is therefore essential to implement the best security measures to protect your cryptocurrency funds. In this article, we look at some of the important security measures that users’ can deploy to […]
What is the Problem with Facebook’s Metaverse Evolution?
The pandemic has seen massive adoption in the metaverse concept. For some people, virtual and augmented reality is something they have lived on Zoom. Community-built and operated worlds like The Sandbox, CryptoKitties, and Decentraland use the gaming market, where people can buy or rent digital real estate, crypto-collectibles, and host online events. Virtual Reality platforms […]
Squid Games Collapsed. How to Spot a Rug Pull-in Crypto
The crypto industry has been booming recently. More cryptocurrencies have emerged to solve the centralization problem the financing sector faces. However, some people are out to take advantage of the crypto popularity and naivety of some investors. Thus, the start-ups lure angel investors with enticing promises and schemes only to steal from them. Despite the […]
Emerging Blockchain Networks are Gaining Popularity
Over the years, the blockchain industry has significantly expanded. New networks to overcome the shortcomings of current blockchains are emerging. Ethereum has become a major inspiration for the emergence of these blockchains. The smart contract, consensus, scalability, and open-source features have been improved in the new networks. Examples include Cardano, Solana, Polkadot, and many more. […]
Is Crypto a ‘common good’ for the next generation?
Blockchain networks are supportive of principles that allow permissionless usage and open access. The technology has worked to shy away from political influence and regulation that may undermine the idea of independence and democracy. However, the governance and accountability of decentralized finance networks have always been questioned. In addition, the answer has always been that […]
The Similarities and Differences Between Crypto and Forex Trading
Since the emergence of cryptocurrency, crypto trading has attracted comparisons with foreign exchange trading. A significant number of prospective traders have no idea of the difference between the two and which market to venture into. The duo is accredited as two of the most profitable markets despite their risky nature. Thus, they have attracted a […]
Best wallets to send crypto via Email or SMS
Cryptocurrency has taken the finance industry by storm, enabling users to send and receive instant payments using peer-to-peer (P2P) technology. Investing in cryptocurrency goes way beyond creating an account on an exchange, ranging from security to control. If you are interested in investing in crypto, you will need a wallet to store your tokens, send […]
Seven Cryptocurrency Trading Tools
Crypto trading is a profitable yet risky venture. What determines whether your venture in crypto becomes a success or a total flop lies in the trading tools you utilize. In this lesson, we will take you through some of the best crypto trading tools that are useful to beginners. Crypto wallets First of all, a […]
What are play-to-earn NFT games?
Blockchain is a revolutionary technology that has applications in many industries including the gaming industry. By integrating blockchain-based NFTs into the traditional gaming industry, a new space called GameFi has emerged. Gaming enthusiasts can generate income by monetizing their game time and skills apart from playing for entertainment. By combining finance and gaming, NFT-based games […]