What exactly is DeFi? The application of technology in financial services is not novel. Nowadays, technology is used to complete the majority of transactions at banks and other financial service providers. However, technology’s position is limited to being a facilitator of such transactions. DeFi is an abbreviation for “decentralized finance,” an umbrella word for…

Yield farming Yield farming is a method of generating more cryptocurrency with the existing cryptocurrency. It entails you lending your money to others using the technology of computer programs such as smart contracts. In exchange for your services, you will be compensated in the form of cryptocurrency. Isn’t it simple? Not so…

Tesla’s relationship with Bitcoin Tesla’s involvement with cryptocurrency has been a rollercoaster ride. In February, the electric car maker stated that it had acquired $1.5 billion (£1.1 billion) in bitcoin and intended to accept the cryptocurrency as a form of payment from its consumers in the future. The largest cryptocurrency’s price jumped that day…

THE EMERGENCE OF STABLE COINS Cryptocurrency is highly volatile, discouraging mainstream engagement and restricting its use (generally) as an accessible medium for exchanging goods and services. A stablecoin is a cryptocurrency of limited variance. Volatility can be reduced in a variety of ways, including backing the coin with a stable asset. We need a digital…

McAffee Cryptocurrency Fraud According to a seven-count indictment, McAfee, the founder of the cybersecurity firm that bears his name, and his business partner and bodyguard, Jimmy Gale Watson, Jr., are facing several new criminal charges, involving conspiracy to commit products and securities fraud, criminal conspiracy securities and touting fraud, conspiracy to commit wire…

Robinhood hiring Crypto Operators According to Robinhood CEO, the company intends to increase its cryptocurrency workforce this year in response to a surge in interest in trading digital coins. Robinhood has been recruiting many employees as it aims to expand its cryptocurrency services, including the option to transfer crypto-assets to and from a user’s…

The rise of the Doge Price and its effect on investors Doge is happily shocking investors with some explosive profits. And as the coin begins to rise towards $1, buyers are left with several unanswered questions. Will it ever reach $1? How long will the spike take place? What happens after $1? Will it go any further? When Dogecoin price forecasts…

Coinbase Coinbase Global, Inc., or Coinbase, is an American organization that runs a cryptocurrency trading platform operating remotely at first and does not have a physical headquarters. Brian Armstrong and Fred Ehrsam formed the firm in 2012, and as of March 2021, it was the largest cryptocurrency exchange in the U…

Crypto vs. Neobank Most Crypto-friendly Neobanks will cater to retail customers; no one will concentrate on small and medium-sized businesses. In the light of global issues with conventional banks and existing needs for Crypto-friendly Neobanks, SMEs are already the most mature target audience: Approximately 500 startups have already kept ICOs (raising over $3…