Crypto

Cryptocurrencies are a form of digital money that runs on a completely new monetary system, which is decentralised and peer-to-peer. Essentially, this means that cryptocurrencies eliminate trusted third parties, such as banks or governments. For such a network to work effectively, it needs to be foolproof, with every transaction done in a transparent and verifiable…

The demand for digital currencies globally has continued to rise ever since their introduction in 2008. However, with more than 1500 types of cryptocurrencies, capped at trillions of dollars being traded globally, and with the expansion of the underlying blockchain ledger system, there is an increasing awareness by regulators and governments across the globe about…

Since its launch in 2009, Bitcoin has dominated the cryptocurrency scene. To this date, it remains the poster child of the crypto world, the gold standard. But it has also inspired many spinoffs or crypto projects, and there are now over 1500 crypto coins on the market. Apart from Bitcoin, here are 10 of the…

Join the Ripple success-story today – open an account now! Register Now Many traders’ portfolios enjoy the benefits of Ripple’s glitz and glam. But not everyone can afford to buy cryptos these days. As the interest grew, so did the demand and the price. Online brokers, like us at AvaTrade, offer the chance to invest…

Saying that 2008 was not a good year is a serious understatement. The world was in the middle of a financial crisis, the worst of its kind since the great depression of the 1930s. But even in dark days, there is always a ray of hope. On the 31st of October 2008, the Bitcoin whitepaper…

Cryptocurrencies are truly a unique type of investment. On any given day, a crypto may see double or even triple-digit gains or losses, making it incredibly difficult for most traders to determine the actual cryptocurrency value of a particular coin. However, if you invest in Bitcoin or any other digital currencies, knowing how to compare…

In 2009, when the Bitcoin whitepaper came out, the idea was clear: there was a need to create a decentralised currency system that would free the ‘masses’ from the firm grip of central banks and other financial institutions. Bitcoin was born, becoming the currency of the people, effectively making fiat the currency of governments. Almost…

Over the past few years, cryptocurrencies have had a big impact on the global financial niche. Although Bitcoin and most other cryptocurrencies have declined in value in recent months from record highs last year, they now appear to be stabilising. This has led financial experts to conclude that cryptocurrencies are likely to thrive, moving forward….

As explained in the previous parts (1,2) of this article, cryptocurrencies are not considered to be assets since they do not generate any cash flows and are not commodities in the traditional sense since they are not raw materials used to produce anything useful. However, there are some digital currencies, like Ethereum, which take on…