In late December 2017, NiceHash, a Slovenian cryptocurrency exchange, was hacked, causing it to lose 4,700 Bitcoin. The exchange was used to let independent miners rent hash power and distribute rewards through hot wallets. Eventually, the exchange was shut down. Users who lost funds were reimbursed by Bitfinex. Cryptocurrency thefts Cryptocurrency has made the process…
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You may be wondering how the Bitcoin vs Ethereum mining process differs from each other. First, let’s take a look at the Proof-of-Stake consensus algorithm. This is the most important aspect to remember when mining a cryptocurrency. It helps you to understand the layers of scaling that are used to create the network. Cryptocurrency mining…
There are a variety of ways to measure cryptocurrency popularity, but one of the most common is market capitalization, or how much money a coin is worth based on its current price. The market cap is calculated by multiplying the price of a coin by the number of coins in circulation. Litecoin If you’re interested…
According to a recent survey, 53% of American adults believe that digital assets are the “future of finance.” This belief is particularly strong among younger generations. Of the 2,000 respondents, 68% of 25 to 34-year-olds agreed that cryptocurrencies will be a key part of their financial futures. In addition, half of the respondents said that…
If you want to be a successful crypto trader, learning how to read charts is crucial. There are many tools available for you to use to make smart decisions. This article will discuss some of the more common technical analysis tools. You’ll learn about time frames, support and resistance, and the Relative strength index. Technical…
There are several ways to buy and sell Bitcoin. The easiest method for a beginner is to place a market order, which gives you the price of a Bitcoin at the current market price, minus fees. However, it is important to understand that owning Bitcoin is not like owning a stock or bond; rather, it…
The process of creating a cryptocurrency is fairly straightforward. However, the challenge comes in maintaining and growing the currency. This article will discuss the costs associated with creating a cryptocurrency and the process of choosing between public and private blockchains. This article also covers a few important details to consider before getting started. Making a…
One of the most popular ways to make money in cryptocurrency is through investing. It is a similar process to investing in a business, except that in cryptocurrency investing, you use the “buy-and-hold” strategy instead of trading. This strategy involves investing in a cryptocurrency that may not be worth much and selling it when you…
If you’ve been thinking about purchasing cryptocurrencies, you may be wondering how to go about doing so. Perhaps you’re worried that the process is too complicated or that it’s too late to get started. Fortunately, there are several options available and it’s never too early to start. The key is to make a decision about…
