CBDC and Its Differences from Cryptocurrency » cryptoupdate.io

CBDC and Its Differences from Cryptocurrency » cryptoupdate.io

Virtual money backed and issued by a central bank is known as a central bank digital currency or CBDC. As digital currencies and stablecoins have gained traction, governments and financial institutions have recognized they need to accommodate digital transactions alongside conventional currency or be left behind. There are thousands of different cryptocurrencies, or digital currencies,…

Beginner’s Intro to Trading Crypto, Part 2 » cryptoupdate.io

Beginner’s Intro to Trading Crypto, Part 2 » cryptoupdate.io

In the previous part, we explained what crypto trading is, how you can take part in the process, the basics of technical analysis, and main tools. This part revolves around fundamental analysis, infrastructure, and on-chain analysis. Read on to explore more on crypto trading and its peculiarities. Fundamental Analysis How, therefore, can we anticipate or…

Beginner’s Intro to Trading Cryptocurrency » cryptoupdate.io

Beginner’s Intro to Trading Cryptocurrency » cryptoupdate.io

Crypto trading involves betting on cryptocurrency price fluctuations using a CFD trading account or purchasing and selling the underlying coins via an exchange. CFD trading lets you wager on Bitcoin price movements without owning the currency. If you think a cryptocurrency’s value will climb, you may go long (buy) or short (sell). Both are leveraged…

Top 8 of 2022’s Worst Crypto Exploits » cryptoupdate.io

Top 8 of 2022’s Worst Crypto Exploits » cryptoupdate.io

This year’s apparent lack of safety has made surviving the bear market even more challenging for many people. FTX Hack The catastrophic failure of the widely used digital asset exchange FTX, with the loss of billions of dollars in cash, was the most significant cryptocurrency event of 2022 and perhaps the most important news story…

Blockchain Technology – Future of…Everything » cryptoupdate.io

Blockchain Technology – Future of…Everything » cryptoupdate.io

Blockchain is a data ledger.Blockchain dominates discussions about the future of technology, from cryptocurrency to cybersecurity. While blockchain’s uses appear boundless, few understand it. In the past, financial organizations kept ledgers of transactions. Only privileged users could audit traditional ledgers. Blockchain democratized these principles by eliminating confidentiality surrounding transaction data. A blockchain is a continually…