What Is a Non-Fungible Token (NFT)?

Posted in Crypto, crypto basics, NFTs.

Non-fungible tokens or NFTs are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other. Unlike cryptocurrencies, they cannot be traded or exchanged at equivalency. This differs from fungible tokens like cryptocurrencies, which are identical to each other and, therefore, can be used as a medium for commercial transactions. WHAT YOU NEED TO KNOW NFT NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.NFTs can be used to represent real-world items like artwork and real-estate.“Tokenizing”...

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Why is crypto important to me?

Posted in Crypto, crypto basics.

The Crypto market is changing the way today’s markets work. The last two years have brought the whole crypto market into the mainstream financial system. Those days are long gone when crypto was considered to be accessible and useful to only die-hard connoisseurs. The market is enabling social and economic growth throughout the world by offering easier access to capital and financial services. Let’s look at the potential benefits that the crypto market is offering and then we will move further to the future outlook of the industry. A rise in Economic growth: A whole industry is...

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What are crypto wallets?

Posted in Crypto, crypto basics.

Crypto wallets are the medium that allows you to store and securely manage your digital assets. Each crypto wallet has its own private key that allows access only to the person holding it. Crypto wallets are available in the market with some variation but most of the functions work in a similar way. Before purchasing any digital assets, it is necessary to fully analyze the crypto wallet and its use. Crypto wallets are available in different forms including software and hardware. One thing is common in all of these assets that allow users to securely access any crypto they own. Wallets...

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Taxation and Crypto

Posted in Crypto, crypto basics.

Please read this section very carefully and then go on for further action. You should consult with a competent law practitioner if you feel that there’s any kind of ambiguity or lack of clarity. The information provided on this website is not intended to be complete so it should not be taken as different contractual agreements. Certain statements, estimates, and financial information featured on this website are forward-looking statements that are based on and take into consideration certain known and unknown contingencies and risks. Compliance with Tax Obligation: owner of the website...

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Some popular crypto projects and their functionality

Posted in Crypto, crypto basics.

The Crypto market has become an unstoppable bull. A lot of people new to crypto only have heard the name Bitcoin. I know that Bitcoin is the largest digital asset in the crypto market but it isn’t the only one. We are going to discuss some popular crypto assets. Ethereum:   Ethereum is the second-largest crypto asset based on market capitalization. The native token of the Ethereum blockchain is ether (ETH). Ethereum is a technology that’s home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators...

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Is Crypto a Scam?

Posted in Crypto, crypto basics, Learning.

This debate has been going on since the start of the crypto market in 2009 with flagship currency, Bitcoin. The supporter will argue against it and critics say that it is a scam. I want this debate to end once for all. I know that digital assets have no physical state but they exist in this world for more than a decade now. Millions of people have benefited from this and it is a good investment. Investing in crypto might be a little risky but if you look closely what isn’t risky? If someone is investing in other things like stocks, then what’s the guarantee that they will not lose their...

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How can I research different projects?

Posted in Crypto, crypto basics, Learning.

The Crypto market started its journey with the flagship currency, Bitcoin. But, as of now, it has more than 10k coins. As a beginner, it is hard to choose the right project because if you invest in the wrong project then you can lose all of your hard-earned money. We are going to discuss some ways through which you can check the legitimacy of any project. Price: First thing to look for in any project is the price of a coin/token. CoinMarketCap is the most useful website which provides you with this information. It contains almost all of the coins from different projects. CoinGecko is...

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How can I make money using Crypto?

Posted in Crypto, crypto basics.

The Crypto market is offering the best ROI (Return on Investment) so far. Everyone here comes to make money here but not all people succeed in this effort. One thing you must remember is that if you are earning money then someone in this world is losing. So before jumping into this highly volatile and speculative market, a thorough understanding of the crypto market is a must. We are going to discuss various ways through which you can make money. If you’re new to all of this then worry not, we will guide you through all of the steps which can be helpful in this journey. The first...

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Decentralized Finance—Risks, Regulation, and the Road Ahead

Posted in Crypto, crypto basics, Defi, Defi Basics.

Even those who are most suspicious of the rise of cryptocurrency will likely admit that the underlying blockchain technology and its potential uses are exciting. One use of this technology, decentralized finance, or DeFi, is on the cusp of major growth. Regulators are aware of this growth and are moving to act accordingly. As a possible preview of the coming regulatory efforts, this past spring Treasury Secretary Janet Yellen urged regulators to accelerate their establishment of a regulatory framework for stablecoins, a rapidly growing class of digital currencies which, among other things,...

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