Since the idea of cryptos began to gain a foothold in global financial markets and regional economies, people have talked about its ultimate value and usefulness. Any crypto enthusiast or expert would tell you that it is the future, but proponents of the traditional system would say that it is a passing fancy.
In the last 2 years, two incidents have both validated and disproved these perspectives: the COVID-19 pandemic and the consequent near-global lockdown protocol, and the war in Ukraine. The former is mostly behind us but the latter is right in front of our noses. Even so, both experiences show us that the traditional financial system is inconsistent, inadequate, and imperfect. Enter the crypto industry and the volley of advantages that it has brought—is bringing and will bring—to the table. The prospect of absolute decentralization and value distribution (such that there is no longer distinction in value with regard to regional (fiat) currencies) is exciting enough reason to make progressive minds jump at the technology.
So, with COVID-19 (hopefully) behind us and the war in Ukraine in view, what has changed about the crypto industry? Are we seeing a future free of invasions due to the proliferation of crypto assets and regulations? Should we expect further applications of the blockchain vision such that the social and economic aspects of our lives are better stimulated for safety and satisfaction?
This article does not dare provide answers to these questions. However, we dare to make informed speculations about how the war in Ukraine has affected the crypto industry, especially with reference to regional and global acceptance and usage.
The war in Ukraine has opened a lot of eyes regarding the way that national economies work. For a long time now, there has been talk of economic sustainability, the kind of safe haven that a government should be able to give its people so that they don’t have to fall back on milking their natural environments dry. Trade would be global, all nations would have a seat at the round table, and the earth would invariably have one big happy human family.
The war in Ukraine has taught us that this dream has several implications. For one, as a government or government representative, you should not expect that you would be able to do whatever you want to the people of your country. More than that, you should not fantasize about telling someone else how to run their country. If you do, you would be slammed with sanctions and will have no other choice but to bow your head.
This is the reality to be expected of social and economic sustainability: a universal consciousness of accepted conduct and norms. We are halfway there, which is why Russia could be excluded from the global cake of economic benefits when they decided to invade another country and start a war.
As of right now, many global financial markets have seen it fit to rob Russia of transaction rights. Economic and employment networks, particularly freelance, have also shut their doors on Russians as a way to express displeasure at the way things are running.
This is the real face of an economic sanction, and it means that the offending party, in this case, Russia, would receive scorn and contempt from the rest of the world. On the other hand, the aggrieved party, in this case, Ukraine, would receive as much love and support as the rest of the world can bundle up and send across.
In the last decade, quite a number of things became mainstream. We had the film adaptation of George R. R. Martin’s Song of Ice and Fire series which came to be known as A Game of Thrones and threatened to upend the Harry Potter fanbase universe. Netflix also became a big deal thanks to a deluge of TV shows. But neither of these comes close to the crypto-verse in terms of popularity, controversy, and clout.
When Bitcoin developer Satoshi Nakamoto published the legendary white paper on peer-to-peer finance in 2008, it didn’t raise that much dust. At least, not among everyday people who are more interested in checking the boxes on their December grocery lists. But it is 2022 and the concept of blockchains, virtual currencies, and non-fungible tokens (NFT) are no longer loony issues.
Even so, there is still a lot of skepticism and suspicion towards the workability of crypto-assets and their neighbors (the metaverse, Web 3.0, etc.). So this article highlights some of the points raised by crypto critics and the occasional crypto-gnostic who wants to join the crypto wagon but turns back at the last step.
If you're looking to join the cryptocurrency craze, an exchange will likely be your primary gateway. Decentralized exchanges let you buy and sell crypto anonymously, but most of them have a steep learning curve. Centralized exchanges, on the other hand, require some form of verification but are more user-friendly.
By several metrics, Coinbase is regarded as the best cryptocurrency exchange in the world. Over the years, the platform has certainly done its bit to make digital currencies more accessible. A few platforms have sprung up to give Coinbase a good challenge. As the industry matures and the space becomes more competitive, the drawbacks of Coinbase become more apparent.
This article focuses on one of the newer alternatives to Coinbase—the Kyrrex exchange. We look at why some users might want to switch from Coinbase/Coinbase Pro. We will also explain about the advantages of the Kyrrex crypto exchange over Coinbase and extra features that users can enjoy on the platform.
A cryptocurrency exchange works similarly to your local brokerage. These platforms provide easy access to the tools of cryptocurrency trading. You can buy and sell a wide selection of digital currencies like Bitcoin, Ether, Cardano and Dogecoin. You can make purchases with your credit card and select from a range of trading pairs.
There are dozens of cryptocurrency exchanges but not all of them will suit your needs. The best ones combine ease of use and strong user protection with low fees and a sizable number of supported currencies.
A centralized exchange is a middleman that matches verified buyers with verified sellers and allows cryptocurrency trades to take place. It is a trusted third party and somewhat similar to how a bank operates as a repository and broker of fiat transactions.
These exchanges are important to the cryptocurrency industry because they bring a pool of willing traders together. They also hold digital tokens on behalf of the customer, who no longer needs to worry about forgetting their private keys. They are also the primary access points to the cryptosphere.
Aside from these primary functions, centralized exchanges have other features that vary by platform. Thus, the exchange you settle for should ideally offer the kind of products you want.
If you want to move on from Coinbase, your next steps are very important. New exchanges spring up all the time. However, there's zero guarantee of prolonged success. In fact, a few celebrated exchanges ended up folding up after some years.
With this in mind, you should look out for certain features when you check out an exchange. These features will help you decide whether the platform is right for you.
How secure is the platform? How does it react to hacks and other attacks? Checking the history of an exchange's response to security breaches will tell you a lot.
No matter how big an exchange is, it is not totally immune to hack attempts. Some exchanges are more successful than others in managing the aftermath. A few have insured customer funds against successful breaches. Some refunded users, others weren't able to; and others went out of business altogether.
Trading volume provides a measure of an exchange's popularity in the crypto world. A high trading volume means more active users on the platform and signifies a strong exchange. You should also check the volume of transactions in the currencies you're most invested in. If the volume is low compared to other platforms, it might be evidence of community distrust in the exchange.
There's no point in using an exchange if its features are too complicated for you to use. Before taking the leap, read reviews and watch videos to get a general idea of how the exchange works. Then decide if it's too complicated or just perfect for you.
If you just want to invest in Bitcoin and Ethereum, you may as well choose your exchange at random. Most platforms have those two as the major tradable currencies.
However, if you're looking to buy and sell low-cap altcoins, your choice of exchange will impact the coins you can trade for. You should find major alts like Cardano, Litecoin, XRP, Solana and Dogecoin on most platforms. Beyond those, check that the platform has what you want before you sign up.
Exchanges are always adding new and old tokens all the time. Even so, not every exchange will support every asset. Peruse the list of coin offerings first. Naturally, you can broaden the range of coins you can buy by signing up to multiple exchanges.
Sadly, Coinbase isn't available in my country. This can happen with the exchange you like so be sure of its status in your legal jurisdiction before you sign up. Sometimes, this happens because of regulatory requirements. Sometimes, the exchange simply hasn't expanded to the area (yet).
Different governments have different rules regarding cryptocurrency exchanges. Not every exchange will meet these rules in every country. Some create country-specific versions of the platform that comply with government regulation in that country.
Rules can even differ within a country so be sure of the facts before you start using a platform. Nothing hurts more than signing up and then discovering that you can't buy and sell within the jurisdiction.
In rare instances, a certain digital currency has a disputed legal status and so isn't available. For example, XRP, the token from Ripple labs, is currently banned on US-based exchanges because of an ongoing legal case.
We have centralized exchanges to thank for crypto’s widespread adoption. They make the process of buying and selling digital assets like Bitcoin incredibly easy. You’ll have to start with one of these platforms if you’re looking to own your first cryptocurrency.
That said, they are more than just a front door to the crypto industry. They also offer advanced trade options for professionals. These include margin, derivatives, and futures trading.
If you’ve searched for exchanges to trade on before now, Kraken must be on your radar. It’s one of the biggest crypto platforms in the world by many parameters. It’s been around for nearly a decade and has done its best to make crypto trading safer and more convenient. In addition, it has a good mix of digital currencies, reliable security policies, and a standard user interface.
Kraken remains one of the very few platforms in the US to offer advanced trading options like Margin.
Despite all that, the exchange might not be your best choice if you look at the wealth of options at your disposal. New crypto trading platforms with innovative offerings are springing up and giving big guns like Kraken a run for their money. This article puts the spotlight on one of the next big alternatives to Kraken – the Kyrrex Exchange.
You’ll have to use a centralized exchange to buy digital currencies like Ethereum, Ripple, and Bitcoin. These exchanges run even today’s peer-to-peer platforms. Crypto exchanges work like stoke brokerage platforms where you get access to trading tools. The main difference is that you’re trading more volatile crypto assets instead of stocks.
Nowadays, it’s easy to head to an exchange and purchase a coin using your debit or credit card. You can also make bank deposits to your exchange account and convert the cash to crypto.
But it doesn’t end there; professional traders can trade derivative assets on centralized exchanges without buying the actual tokens. Other advanced trading options include margin and futures trading.
Centralized exchanges serve as a marketplace of sorts. They match your buy orders to other traders’ sell orders and vice versa. There are numerous exchanges today with different offerings. The right platform to use depends on what you want to buy, legal status, security, and ease of use, among other vital factors.
As we mentioned, the suitable exchange for you depends on what you want. But there are fundamental things to look out for when choosing one. Remember, selecting an exchange due to popularity could be a mistake. If you look at the past, some of the big names in crypto trading are no longer in business and have bankrupted users. So what are the top things to consider? Let’s break them down.
One of the most important aspects of any crypto exchange is trading volume. You want to make sure you can buy and sell crypto assets at any time without waiting days to fill your bags or withdraw your cash. Trading volume refers to the amount of activity happening on an exchange. The higher the trading volume, the more cryptocurrencies and cash are changing hands. If you have a particular asset in mind, check out its trading volume on the exchange you’re considering.
Understanding the exchange’s security policies is vital. Check out their history. Have they ever been hacked? If yes, how did they react to the problem? Check out reviews regarding user security and other related problems. Another thing worth finding out is how they store users’ assets. Confirm the percentage of cryptocurrencies they keep in cold storage. Using cold storage means saving funds in an offline wallet. This makes it difficult for hackers to gain access.
Ease-of-use can be a deal-breaker depending on where you’re coming from. If you’re a beginner, you want to go for an exchange with a user-friendly interface. This way, you know what you’re doing and won’t make trading mistakes that could lead to loss of funds. Ensure you read reviews and guides on how to use an exchange before signing up.
Some exchanges are not available in certain jurisdictions, and you could be breaking the law by using them. So, check if the platform you want to use is available in your country. Your research should also cover the platform’s legal status. Some outfits often fall short with legal compliance and end up being targeted by regulators. So, even if the exchange is currently trading in your country, confirm they don’t have looming issues.
Another thing worth checking is the currencies available to trade. For example, US residents are restricted from trading certain currencies listed on Kraken. Finally, an exchange’s availability in a country doesn’t necessarily mean everyone can use it. Again, Kraken comes to mind as it’s available to US residents except those in New York and Washington State.
You don’t want to sign up with an exchange that doesn’t have the cryptocurrency asset you’re looking to buy. On the other hand, if you’re getting popular coins like Bitcoin and Ethereum, your task would be easy. It becomes tricky when you’re going for lesser-known crypto assets. However, a simple search online will show you the assets available to trade on any exchange.
It’ll be wise to go for an exchange that lists more altcoins. This is because your needs could expand in the future, and you want to have access to new coins that catch your interest in the future without switching platforms.
Is cryptocurrency a bubble or a boon? Some experts have warned that the industry is a bubble that may burst anytime and leave millions of people scrambling to salvage something from the wreckage.
That's the grim version of the future.
The cheery version? Bitcoin and other digital tokens continue to ride a crest of acceptance. Institutional investors swan into the arena like welcome messiahs, pumping even more funds into the system. Popular tokens keep gaining in value. New use cases for crypto are discovered. The bridge between fiat and crypto blurs and everyone starts using crypto to pay for goods and services.
The truth is that nobody really knows the future of crypto in the next 5 years and beyond. That should not stop you from trying to rationally analyse what could happen. This will help you make sound investment decisions.
Money is something that is generally accepted as payment for goods and services. Money is verifiable, storable, scarce and acceptable. If crypto is going to replace fiat on a wide scale then it must meet all of these conditions.
For something to be a medium of exchange, it must be capable of being both usable and acceptable as payment. It must encode value which can be transferred from person to person.
When you buy a car for fifteen thousand dollars, the money encodes the value that the car has to you and which the seller believes the car has to you. You and the seller agree that dollar notes are an acceptable way to exchange value. Furthermore, the seller believes they can exchange that money for a similar car or something else of similar value in the future.
Bitcoin and stablecoins are already used as media of exchanges in certain industries. Freelancers across a wide range of specialisations get paid in crypto. You can buy cars, pizza, electronic equipment, air tickets with crypto or bitcoin your way to an expensive vacation. The evidence so far indicates that this trend will continue into the future. More and more sites and physical stores will start accepting crypto.
A unit of account is a standard with which prices, costs, debts and income can be calculated. It provides a stable framework to measure incomes, gains and losses. It must be divisible, fungible and countable.
You can certainly divide 1 bitcoin into smaller fractions, all of which collectively total 1 bitcoin. If you divide 1 BTC into 4 equal parts, each ¼ BTC is exactly the same in value as any other ¼ BTC. This makes BTC fungible. Finally, BTC is countable because you can subject its units to mathematical operations like addition, division and subtraction.
However, BTC and crypto in general are relatively volatile compared to a strong fiat currency like the US Dollar. This makes crypto less reliable as a unit of account. Whereas you can be sure that 200 dollars next month will be greater than 150 dollars today, barring the collapse of the US economy, you can't say the same for bitcoin. If the price of BTC falls sharply in the interval, 200 BTC then can actually be worth way less than 150 BTC now.
Fortunately, crypto has a solution for this: stablecoins. These are coins pegged to a stable fiat currency like the USD. In ten years, people might just be paying each other in USDT, or a national or regional variant, skipping fiat altogether.
For crypto to function fully as money, it must be usable to maintain and create wealth. So far, BTC and ETH lead the way. The rest of the altcoins are a mixed bag. The occasional bear runs complicate matters as a lot of value is lost when the market is red.
Suffice it to say that, over the long term, Bitcoin and Ethereum have proved to be very strong stores of value. This looks likely to continue far into the future, as long as general interest in crypto doesn't plateau. The recent adoption of BTC as a legal tender in El Salvador is a step in the right direction.
We all love entertainment—some of us more than others. Movies are one of the art forms that unite a lot of us. This is why we took the time to check more than 100 websites like 123moviesto bring you the best of them. These sites provide usonline access toTV series and movies in high definition (HD quality).
If you wanted movies in the past, 123movies was one of the most popular go-to places. However, after it wasshut down, this wasn’tpossible any longer. A lot of 123movies proxy sites have come up to replace the original site, but these are no longer working as well. Afew of them that arestill working, but are ridden with ads and pop-ups, making them unbearable to use.
In this article, we will take a look at some sites similar to 123movies where you can get the best movie experience.
It is common to find ads and pop ups on movie sites. A few of them even have malicious codes embedded in these pop ups. You might find yourself mistakenly clicking on some of them and unknowinglydownloading malicious files into your computer.
Some movie sites will open new tabs on your browserthat force you to view spam websites. The problem with this is that some harmful processes may start running in the background of your PCwithout your knowledge. Not all free movie sites are safe. Some of them can cause severe damage to your device.
To protect yourself and your device, be sure you have a good antivirus engine installed on your computer alongside a VPN tool. The best VPN service will keep you safe from unsolicited ads and the antivirus will protect your system in the event of a malicious code sneaking through the cracks.
Disclaimer: The websites featured in this article are not promoted by or affiliated with Traqq. Some of these sites may not have permission to distribute or release copyrighted material. As such, it may be illegal to stream or download movies, documentaries, and TV series on them. Traqq does not promote or endorse streaming or downloading copyrighted materials illegally. This article is for educational purposes only.
Bitcoin's exponential growth exposed the world to a new form of trading and exchange system. Different cryptocurrencies have since sprung up, offering other use cases.
We've seen the explosion of smart contracts, decentralized finance, and governance platforms.
However, one of the main reasons for cryptocurrency's mass adoption is the market's profitability.
Buying and selling cryptocurrencies is a new way to make money. And with the market's high volatility, it's easy to maximize profit.
That said, it's also easy to lose all your money if you don't know when to sell a cryptocurrency.
With so many options out there and new crypto platforms springing up every day, things can quickly become overwhelming for casual enthusiasts who want to buy and sell bitcoin and other crypto tokens safely.
With the proper knowledge and a good understanding of buying-and-selling mechanisms, holders and traders can navigate the system more efficiently. Knowing what coins to buy and when and where to sell them will enable you to react to the market accordingly.
In this article, you'll learn how to buy and sell cryptocurrency easily.
You need to have a fundamental knowledge of cryptocurrencies before diving into trading them.
A cryptocurrency is cash that lives on digital devices. Just like physical cash, cryptocurrencies are designed to settle bills and make payments. Also, you can send them to friends and family anywhere in the world.
In reality, crypto payments work the same way bank transfers do. But cryptos offer more privacy, security, and ease.
Bitcoin was created in 2009 by Satoshi Nakamoto. The project's whitepaper promised a digital currency that allows secure, anonymous peer-to-peer transactions.
Bitcoin is based on blockchain technology, a publicly available database that functions as a distributed ledger. It uses cryptography to record transactions and protect user data. Thousands of cryptocurrencies are based on this technology.
You can add new transactions to the blockchain (blocks) but can't delete anything, and it's easy to see every transaction that has occurred on the chain.
Blockchain technology has been used in different ground-breaking applications, not just crypto transactions. For example, the introduction of smart contracts made it possible to leverage blockchain technology in gaming, decentralized finance, and governance, among many other real-world use cases.
While you need to go through a financial organization such as a bank to send money to anyone or make payments, cryptocurrency transactions are done peer to peer. That means there's no middle man: just you and the recipient.
What's more, you don't have to hand over any personal information or sign up to any service to send and receive cryptocurrencies. All you need is a wallet. Cryptocurrencies are also not limited by international borders. You pay the same transaction fees (which are very low) to send tokens anywhere.
However, buying and selling cryptocurrencies is another kettle of fish. While the goal is to, one day, use cryptocurrencies to settle and finalize payments, we're still at a time where the easiest way to own cryptos is using fiat currencies to purchase them.
That's where trading comes in.
The race towards stress-free, productive and efficient everyday life is reaching an all-time high. Individuals are not the only ones digging around for methods to reduce the hassles involved in work and play; multinational corporations are also doing so. The Blockchain revolution came at just the right time with its many prospects, including the promise that ordinary people would be able to access services that are continents away without having to pay trolls and gatekeepers. Moreover, the currency of exchange would be finite, never bending to inflationary pressure, exchange rates, and every other factor that currently limits the traditional fiat system. But is this revolution relevant? Are the currencies that are emerging at every turn usable for everyday transactions? In other words, what can you buy with cryptocurrency?
Since the first recorded transaction of Bitcoin by pioneer Laszlo Hanyecz in 2010, the use of cryptocurrency to buy and sell has skyrocketed. In the same way, visionary individuals and organizations have set up trading platforms to keep the ball rolling. What this means is that the use of Bitcoin and its sister cryptocurrencies is doubling, tripling, quadrupling every day. The smartest companies, knowing this, are setting up online and offline platforms where you can use Bitcoin to buy almost anything, from groceries to online games, from computer parts to you-name-it.