Blog By Sammy

 How does  crypto  work? Cryptocurrency: A Brief Introduction Cryptocurrency is a digital currency that uses encryption techniques to secure transactions and control the creation of new units. Advantages of Cryptocurrency Cryptocurrency  is decentralized, which means it is not controlled by any government or financial institution. Transactions are faster and cheaper compared to traditional banking methods. Challenges of Cryptocurrency The biggest concern with  cryptocurrency  is its volatility. It can be risky for investors who are looking to make a profit. Security is also an issue, as digital wallets used to store cryptocurrency can be vulnerable to hacking. The Future of Cryptocurrency Despite its challenges, the future of cryptocurrency looks promising. Many businesses are starting to accept it as a form of payment, and governments are exploring ways to regulate it. Conclusion Cryptocurrency is a fascinating development in the world of finance. While it...

How is cryptocurrency valued ? Cryptocurrency to rise and fall There are many factors that can affect the price and value of cryptocurrencies, including supply and demand, production cost and more. The more  cryptocurrency  is being used, the greater the demand and the more its value will increase. Along with supply and demand, production cost also determines the price and value of cryptocurrencies. For example, if you own a  Bitcoin (BTC) Price Prediction & Forecast(opens in a new tab)  that only has 100 million coins in circulation but there is a huge demand for it, it will have a high price per coin compared to another cryptocurrency with 10 billion coins in circulation but very little demand. Cryptocurrency prices can be volatile. The value of a cryptocurrency can go up an down, depending on factors such as the number of people using it, the security of the network and the volume of transactions. There are two main factors that affect how much a  cryptoc...

 Does Ripple follow Bitcoin? [ai_post_generator_toc] Introduction Cryptocurrency  has become a hot topic in recent years, with Bitcoin being the most well-known and widely used. However, there is a new player in the game that threatens to usurp Bitcoin's place as the top cryptocurrency -  Ripple . In this article, we will explore the differences between Ripple and  Bitcoin , the advantages of Ripple over Bitcoin, the challenges facing Ripple, and the future of both cryptocurrencies in the market. Understanding Ripple and Bitcoin Bitcoin  was created in 2009 as a decentralized digital currency. It uses a blockchain network to verify transactions and maintain a public ledger. Ripple, on the other hand, was created in 2012 as a payment protocol and digital currency. It uses a different technology called the Ripple Protocol Consensus Algorithm (RPCA) to verify transactions and maintain a public ledger. Differences between Ripple and Bitcoin One of the main differenc...

 Bitcoin Price Prediction - 2022 has been very rough for all the cryptocurrencies including Bitcoin. In fact, the largest cryptocurrency of the world, Bitcoin has lost nearly 65% of its market value in the entire year of 2022.  Crypto enthusiasts were caught off guard by a series of unfortunate events such as the Terra Luna crash, fall out of the largest crypto exchange FTX, and the looming macroeconomic conditions. But there are several questions which are hovering on everyone’s mind: what will happen next? Will Bitcoin ever rise again to its previous heights? Here’s a detailed read which will help you to find out all the possibilities for Bitcoin prices in 2023. Will Bitcoin Rise Again In 2023? The world’s largest  cryptocurrency , Bitcoin has fallen almost 2% and is trading around the levels of $28,000, lowest this week. This plunge has been witnessed, as one of the largest cryptocurrency exchange Binance, temporarily halted the Bitcoin withdrawals twice in a day due ...

crypto investment - It is possible to get filthy rich by investing in cryptocurrency -- but it is also very possible that you lose all of your money. Investing in crypto assets is risky, but can be a good investment if you do it properly and as part of a diversified portfolio. Cryptocurrency  is a good investment if you want to gain direct exposure to the demand for digital currency. A safer but potentially less lucrative alternative is buying the stocks of companies with exposure to cryptocurrency. Image source: The Motley Fool Let's examine the pros and cons of investing in cryptocurrency. Is  cryptocurrency  safe? Multiple factors show that cryptocurrency is not always a safe investment. All the while, other signs are emerging that cryptocurrency is here to stay. Cryptocurrency risks Cryptocurrency exchanges , more so than stock exchanges, are vulnerable to being hacked and becoming targets of other criminal activity. Security breaches have led to sizable losses for i...

 Ripple CEO -  In a recent interview, Ripple chief executive officer, Brad Garlinghouse, and  Ethereum  co-founder, Joseph Lubin, have  criticized  the current state of the ICO industry. The pair expressed concerns that although many “high-quality projects” are using ICOs as a fundraising vehicle, numerous “copycat projects” have raised money without “intend[ing] to deliver any value to the people buying the tokens.” Ripple’s CEO Believes That Regulators Need to Catch up With the ICOs Industry Ripple CEO, Brad Garlinghouse, expressed his belief that “a lot of what’s happening in the ICO market is actually fraud,” also mentioning the increasing number of ICOs facing litigation. Although concerned by the actions of many token sales, Garlinghouse expects that said fraudulent activity will “stop” once regulators catch up with the industry. Garlinghouse also asserted that token issuers currently operate in a legal “gray area,” whilst they wait for regulators to ...

Ethereum Network - Scaling problems that have been sporadically affecting the Ethereum network have resurfaced. While bulls and bears were battling it out in the markets, the Ethereum blockchain was fighting to restore some semblance of normal service. The congestion forced a number of exchanges to halt withdrawals, with one going so far as to advise customers to use a different cryptocurrency. Also read:   Despite Regulations, One South Korean Crypto Exchange Rises to the Global Top Ethereum Enters the Slow Lane Over the last couple of months, the Ethereum network has reported record activity, peaking at over one million transactions a day. This growth has come at a price in the form of slow or backlogged transactions, causing fees to reach record highs and ICO participants to miss out on token sales after failing to push their ether through in time. On Wednesday January 17, two exchanges reported ethereum withdrawal issues that were affecting users. First up was Bitstamp, which...

 Bitcoin blockchain Extreme fluctuations in the price of bitcoin often beg the question: Is BTC still worth buying? If you’re not familiar with  Bitcoin , we recently published  Bitcoin, Explained  that shares the basics of Bitcoin and how it works. Here’s a quick recap: Bitcoin is a blockchain network, while bitcoin or BTC is a cryptocurrency. BTC has largest market cap of any cryptocurrency. BTC enables users to access a transparent, borderless and permissionless store of value. With a little more understanding of what it is, here are two common reasons people buy BTC. The blockchain itself As a pioneering blockchain, Bitcoin has a great status among the various blockchains and has never gone down since it launched in 2009. At its core, Bitcoin is a ledger that records and validates transactions using cryptography. This ledger shows which wallets hold bitcoin and how much they hold, without revealing the identity of the wallet hol...

  Bitcoin  vs. Ethereum Holding the number one and two spots for overall market cap in cryptocurrency, Bitcoin and Ethereum are often compared against each other. There’s an ongoing debate over which cryptocurrency is better, but focusing on the individual tokens is only part of what makes Bitcoin and Ethereum different–and incredible. The Bitcoin and Ethereum blockchains were created for different purposes, so it might be more useful to understand what makes each unique, what makes them different, and what that means for you. What is Bitcoin? A quick note on capitalization: Is it better to buy Bitcoin or Ethereum? with an uppercase B refers to the blockchain network and protocol, while bitcoin with a lowercase b refers to the cryptocurrency that is used on the  Bitcoin  network. BTC also refers to the bitcoin token. As a blockchain protocol, Bitcoin acts as a settlement system that validates and records transactions between users on the network. The Bitcoin protocol...

The  crypto  market is up today as  Bitcoin  and altcoins react to $300 billion liquidity from the Federal Reserve — move being labeled new quantitative easing (QE). The crypto market is up today as the impact of the ongoing United States banking crisis plays out — the Federal Reserve has injected $300 billion into the economy. Data from  Cointelegraph Markets Pro  and  TradingView  shows Bitcoin BTC  $26,988 up 7%, Ether  ETH $1,764 4.5% and Binance Coin  BNB $332 5.7% in 24 hours.   A broad rally in crypto markets means Bitcoin is back challenging the week's highs, which also marked its best performance since June 2022. Can bulls sustain the momentum? Nerves are palpable everywhere as the latest economic data shows the extent to which the Fed has gone to contain a banking crisis which some argue is unlike any other. Amid warnings that more banks could fail in the coming weeks and contagion spreading to Europe, it appears that...

  Main Takeaways Even amid continued volatility, Bitcoin continues to dominate the crypto market.  Buy bitcoin As adoption has improved, interest in Bitcoin has spread from retail investors to institutional investors and mainstream entities such as Tesla and MicroStrategy.  Bitcoin has remained the best-known cryptocurrency since its inception. Bitcoin (BTC)  has remained the world's top cryptocurrency, even on a volatile market, despite thousands of alternative cryptocurrencies having been created throughout the years. Keep reading to learn more about Bitcoin and why people are still interested in it even when faced with a volatile market. Invented in 2008, Bitcoin is the world’s first cryptocurrency. It’s a form of digital cash that allows users to send and receive money through a decentralized network. Unlike fiat currencies, Bitcoin has no central bank or authority controlling it. Instead, it's run by thousands of computers around the world.  For a more deta...