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…

Ultimate Guide to DeFi, and How to Take Part » cryptoupdate.io

Ultimate Guide to DeFi, and How to Take Part » cryptoupdate.io

“Decentralized finance,” or “DeFi” for short, describes a wide range of cryptocurrency and blockchain-based financial applications with the overarching goal of upending the traditional financial services industry.  Earning interest, borrowing, lending, purchasing insurance, trading derivatives, trading assets, and more are all possible with DeFi, but without the time and hassle often associated with banking. DeFi,…

BMW Expects Loyalty Program from Coinweb » cryptoupdate.io

BMW Expects Loyalty Program from Coinweb » cryptoupdate.io

BMW Financial Services will be working with Coinweb to create a cross-chain Smart Contract and Customer Loyalty Program. Project implementation will occur in two stages. In order to improve BMW’s automobile financing services and automate time-consuming manual procedures, the company is launching a pilot program to test the viability of cross-chain, parallel-executing Smart Contracts. A…

First Chinese NFT Market to Open in a Week » cryptoupdate.io

First Chinese NFT Market to Open in a Week » cryptoupdate.io

According to a story that was released by a local news agency on December 28 called Sina News, China is planning to create its first regulated platform for trading nonfungible tokens (NFT) on January 1, 2023. The Chinese Technology Exchange, which is run by the government, worked with Art Exhibitions China, which is also run…

Kraken Will Cease Operations in Japan » cryptoupdate.io

Kraken Will Cease Operations in Japan » cryptoupdate.io

Kraken, a cryptocurrency exchange located in the United States, said on Wednesday that it will halt its operations in Japan the next month, blaming the existing market circumstances in the state as well as a sluggish market for cryptocurrencies worldwide. According to a statement released by the company, Kraken will deregister with the Financial Services…