An exchange-traded fund (ETF) that trades in bitcoin tracks its value. Bitcoin ETFs have become an indispensable financial tool in the dynamic world of cryptocurrency investments. By investing in a Bitcoin ETF, or Exchange Traded Fund for Bitcoin, investors can profit from the volatility of the Bitcoin price despite having direct ownership or management of Bitcoin. Certain individuals exhibit a preference for this form of leverage. Exchange-traded funds are commonly used in the financial sector and are not a novel concept. ETFs may be established to provide prices that are exposed to various i ..read more

Basic Candlestick Patterns What exactly are candlesticks? Candlesticks are a form of charting technique employed to represent the price fluctuations of a given asset. Developed in Japan in the 18th century, they have been used for centuries to identify patterns that may indicate the future direction of asset prices. Traders of cryptocurrencies use candlesticks today to analyze historical price data and forecast future price movements. Individual candlesticks form patterns that can indicate whether prices will increase, decrease, or remain stable. This provides insight into market sentiment and ..read more

Blockchain technology has been growing its demand. Also, it is aiming to expand to a larger market across many industries worldwide. Amid its huge impact on the financial world, there are many environmental concerns associated with it. Here are certain areas of Blockchain that create a positive impact on the environment: 1. Supply chain management: It is quite difficult to verify whether a product is ethically good or not. But most people want to purchase ethical products. It is said that products go through several hands before they reach their destination. Most companies lie about how ..read more

Bitcoin Pizza Day is on May 22 every year. This day marks the first occasion when Crypto was used to buy actual objects. On May 22, Laszlo Hanyecz spent 10,000 Bitcoins to have two pizzas from Papa John’s. The two pizzas were worth $10,000 after nine months, $2.4M in 2015, and $63M in 2021. History of Bitcoin Pizza Day: The original Bitcoin’s value was cut in half in 2012. For successfully finding a new block, a miner received 50 BTC. This meant that, given the low volume of Bitcoin transactions, mining just 200 blocks would yield 10,000 BTC, which was a fairly simple task. On ..read more

A Candlestick chart is a vital tool that is used for technical analysis in order to identify all the potential buy and sell opportunities. There are many Candlestick patterns, such as bullish harami, hammer, shooting star, hanging man, and doji that can help traders to identify trend reversals. Let’s move right into knowing more about Candlestick. What are Candlesticks? Candlestick is a charting technique that is used to describe asset price movements. Nowadays, Crypto traders are using Candlestick to predict upcoming price movements and analyze historical price data. Candlestick patterns hel ..read more

Cryptography secures NFTs as unique digital items. A digital collectible can be represented by a game item, a pet, a meme, or even an LP position in DeFi. Real estate and art ownership are two less explored use cases. A tokenized high-value item like a vintage car could also be split between multiple owners. This would result in each of them owning a fraction of the car. Currently, NFTs are most commonly used for digital items. Here are a few of them. Beeple NFTs- You may have already heard about this NFT sale. Crypto events rarely breach the mainstream, but this is one of them. Beeple ..read more

Open-source blockchain application platform Lisk makes Web3 more accessible for developers and users. Developers can build blockchain applications using JavaScript, one of the most widely used programming languages, using its easy-to-use software development kit (SDK). In order to scale blockchain applications while remaining connected to the wider Lisk ecosystem, developers will eventually be able to deploy sidechains onto Lisk’s network. LISK is a layer-1, open-source blockchain application platform that helps projects onboard users into the crypto and Web3 space. Easy-to-use SDK makes ..read more

Physical gold reserves in London vault back PAX Gold (PAXG), an ERC-20 stablecoin. Through PAXG, users can invest in gold fractionally without having to worry about storage and transportation costs. Digital assets such as PAXG can be traded on centralized crypto exchanges and decentralized exchanges. Thousands of years have passed since gold was first considered a valuable commodity. Jewelry can be made from it, value can be stored in it, and inflation can even be hedged with it. The average retail investor, however, may find it difficult and expensive to purchase physical gold. As a first re ..read more

The Proof of Burn algorithm looks like a Proof of Work algorithm, but with reduced energy consumption rates. It is not necessary to use powerful computational resources or mining hardware (like ASICs) for the block validation process in PoB-based networks. A crypto is intentionally burned in order to “invest” resources into the blockchain, which means that the candidate miners don’t need to invest physical resources into the blockchain. Virtual mining rigs (virtual mining power) are used in PoB systems. Performing coin burns gives users the right to “mine” and validate transactions by showing ..read more

The OMG Network (rebranded as OmiseGO) is an ERC-20-compatible scaling solution for Ethereum. With lower gas costs and faster confirmation times, the OMG Network aims to mitigate some of Ethereum’s scalability issues. A Layer 2 solution is what the OMG Network is. Layer 2 solutions are built on top of existing blockchains (here, Ethereum). The secondary layer of the Ethereum blockchain frees up precious block space by processing transactions. There are no transaction fees or transaction times on the OMG Network, and it works with all ERC-20 tokens and ETH. It is claimed to have the same level ..read more