Cryptocurrencies have taken over the financial markets. The amount of money that is circulating in the crypto markets today is beyond our imagination. A few years ago, most people were not aware of the existence of cryptocurrencies. Due to this, a lot of cryptocurrencies went unnoticed and people barely invested in them. However, the time has changed. At the peak of digitalization, people have come to realise the importance that cryptocurrency holds in the near…
The financial market has boomed in 2020-21. Let us take a look back in time and compare how the markets were performing a year ago. In March 2020 the Nifty 50, an index of the National Stock Exchange was at around 8000 while currently, it is close to 16000 points. However, there is a particular financial market that witnessed robust growth – the cryptocurrency market. In March 2020, Bitcoin was trading around $5000 and it…
Launched in 2009, Bitcoin was the first crypto currency to come into existence. Since then, we have seen many cryptocurrencies that run on the same technology i.e., blockchain. However, they all have their unique selling points.Due to the excess supply of multiple crypto currencies, confusion may arise in the minds of people. In fact, a lot of investors are usually unaware of the differences in the cryptocurrencies they are dealing with. Through this post, we…
The fiat currencies that we use come under the domain of centralized authorities. Whereas, cryptocurrencies are of a decentralized nature. Thus, you cannot find cryptocurrencies at a particular location like banks, etc. Cryptocurrency mining is the process of earning cryptocurrency. Through this the miners gain cryptocurrency as a reward for their work. Rather than actually paying for it. The idea of owning a cryptocurrency by working for it has made crypto mining popular. As cryptocurrency…
Cryptocurrencies that originated in 2009 have gained immense popularity today. Investors, especially young ones look at cryptocurrency as a good investment avenue. As of now, more than 4000 cryptocurrencies are floating in the market, but not all of them are the same. In fact, most people have not even heard about a majority of them. This excessive supply of cryptocurrencies tends to confuse people because a beginner with no knowledge might not be able to…
Every time you turn on the news nowadays, there is bound to be some news with Bitcoin in the headlines. Seen by many investors and businesses as the future of money, understanding about investing in cryptocurrencies like Bitcoin is essential for everyone today. But what exactly is Bitcoin and how to invest in it? Bitcoin is the first-ever and most popular cryptocurrency that started in 2009. At its inception, the value of Bitcoin was not even…