KYC verification, short for Know Your Customer verification, has become a crucial process in the crypto industry. It involves verifying the identity of individuals or entities participating in cryptocurrency transactions to prevent illegal activities such as money laundering and terrorist financing. In an increasingly digital world, KYC verification provides transparency and ensures the integrity of […]
If you’re one of the 25% of Australians who own crypto, you’re likely going to want to sell some at some point. But with so many exchanges to choose from, it can be difficult to know what your options are. This guide is here to give a detailed breakdown of the top 12 crypto exchanges […]
The crypto market has come a long way since the launch of Bitcoin in 2009. What started as a concept of digital cash has evolved into a complex, multi-faceted industry that offers new types of financial services and assets and reimagines concepts like ownership and trust in the modern world. One of the most highly-publicized, […]
2023 was a wild ride for the cryptocurrency industry, with major factors influencing both price and development of crypto. Market Cap Hit $1.4 Trillion, Up 70% Year-on-year gains for crypto amounted to 70% in 2023, spurred on by price growth seen late in the year. Bitcoin reached a price of $42k in the final days […]
Decentralized exchanges (DEX) have revolutionized the way cryptocurrencies are traded by eliminating the need for intermediaries. This article explores how DEXs work, highlights popular platforms, discusses their advantages, and addresses challenges and limitations they may face. How Decentralized Exchanges (DEX) Work Decentralized Exchanges (DEX) operate on blockchain technology, allowing users to trade cryptocurrencies directly without […]
Bitcoin was launched as a form of digital cash with no one person in charge. Instead of a central authority confirming and validating transactions, anyone can participate in helping to run the network, making Bitcoin a decentralized project. To validate a transaction or implement a software update, the people running the network need to reach […]
Blockchain was invented to power cryptocurrency projects, but the technology has since expanded into many industries. It is transforming the methods of conducting transactions and managing data in industries ranging from finance and healthcare to supply chain and real estate. The adoption of blockchain is leading to a more transparent, secure, and efficient environment for […]
One of the major issues in the crypto industry has been consensus, the method through which transactions are processed and network security is maintained. Bitcoin, the first-ever cryptocurrency, has been famously criticized for its very high energy consumption as a result of its Proof of Work consensus method, causing more energy consumption than many European […]
Money doesn’t grow on trees, and neither does crypto. In fact, cryptocurrency assets are created in a democratized process called mining, meaning members of the crypto community participate in creating new units of currency and validating transactions for a reward. People often find the topic of how crypto mining works intimidating, but it doesn’t need […]