Bitcoin is an evergreen cryptocurrency with the largest market capitalization and asset value. It manages to do this because of its deflationary nature and store-of-value. Compared to fiat currency, the finite supply of Bitcoin gives consumers more buying power and allows them to hedge against inflation. Apart from that, Bitcoin…
WazirX is a leading cryptocurrency exchange based in India that was launched in 2018. However, in 2019, the platform was acquired by Binance, and since then, users can trade over 70 cryptocurrencies worldwide. Following Binance’s acquisition, WazirX now represents Binance in India, which works highly in favor of the WazirX,…
The digital currency environment has grown exponentially since the crypto coin Bitcoin was first introduced in 2009. Presently, cryptocurrencies are a much-preferred option for payments and investments, though not as widespread as fiat currency. By early 2018, all the cryptos values taken together had touched a staggering $824 billion, a…
Bitcoin Scam: An overview Bitcoin is the world’s most popular cryptocurrency. It is also the dominant digital coin by the yardstick of total market capitalization. While buyers and investors’ interest continues to rise in Bitcoin, there is also a steady rise in the scams related to this digital currency. Bitcoin…
Elon Musk, the legendary electric carmaker, has sounded the market about moving “large transactions” from the balance sheet of Tesla, Inc. to Bitcoin. This was brought out in a Twitter exchange with Michael Saylor, CEO of Microstrategy Inc. Michael is a prominent player in the digital currency field and has…
Avalanche continues to expand liquidity as it launches TrueUSD, the first Stablecoin of USD fiat currency in its DeFi Ecosystem. Avalanche will launch the top five stable coins, backed with fiat currency by market cap, in the first quarter of 2021. (TUSD) TrueUSD, the trustworthy and commonly used stablecoin, is…
Warren Buffet has always opposed the investment in solid gold by saying multiple negative comments. Once he stated that gold’s value is nothing in the vault, it depends upon the market’s wish to protect or destroy its worth. He has always believed that gold is an unproductive asset, though it…
EOS was priced $2.76 on December 7, 2019, with an upward movement. The coin dropped to $2.71 the next day. Then, the currency managed to rise upwards and reach $2.78 on the same day despite the marginal fall. On December 9, 2019, EOS coin got traded at $2.75 post, which,…
Alex Krüger, a popular economist whose prime focus is on cryptocurrencies, has recently claimed that the price hike in Bitcoin is not driven by the retail buyer but by a bunch of large players who started buying the coins systematically. He also stated that the clues to it can be…