Financial Guides

Although the taxation of cryptocurrencies could be complicated, the key principle is yet simple. The following aspects of crypto transactions are taxable: sales of crypto, trading of crypto, purchases through the use of crypto, and rewards from staking and airdrops. On the other hand, following are not taxable: buying crypto, donating made through crypto, and […]

DeFi is a platform or website that provides non-centralized financial services such as investing, trading, borrowing, lending, tokenized real estate, and insurance. Financial institutions such as banks normally act as an intermediary between banks and users, with the aim of just managing the money during centralized financial interactions. However, the blockchain has enabled financial...

The failure or collapse of banking systems due to financial crisis strikes a high degree of astonishment and dread in the hearts of key players in the market. A good example to illustrate this point is the recent failure of the Silicon Valley Bank and the current anxiety surrounding US smaller banks. New gamers may […]

In the bid to review past Bitcoin’s bear markets, we shall look at what occurred with the king coin in the past years of the economic storm in the crypto market. Three main factors make investing in technology difficult. The first one among them is what is referred to as “the accelerator’s dilemma.” This notion […]

Oracles serve as a bridge between the blockchain and the real world, as they provide real-life information on events, market data, and other important data that can be used in smart contracts on decentralized exchanges and application platforms. They facilitate the use of real-world data in blockchain applications, particularly in the context of smart contracts. […]

CBDCs refer to the type of digital currencies that are issued and backed by the central bank of a particular nation. Unlike cryptocurrencies, which are decentralized and operate independently of an apex bank, CBDCs are centrally issued and centrally managed. Information from the Atlantic Council’s tracker on CBDCs states thus: “114 countries are exploring CBDCs. […]

As more and more people began to accept Bitcoin as part of their daily economy and an important part of society, some false beliefs about crypto began to gain ground among the people. We shall take a look at some of the Bitcoin myths and also make some clarifications about them. Some Believe That Bitcoin […]

To most investors, stablecoins are considered boring because they are designed to maintain a stable value in relation to a specific traditional currency. Although they are also a kind of cryptocurrency, they are not subjected to the volatility of the crypto market. Investors used them primarily for their stability and predictability. Apart from the fact […]

Aave (AAVE): Aave (AAVE) is a decentralized, open-source platform for lending and borrowing cryptocurrencies and other digital assets. On this platform, investors can obtain digital asset loans with variable interest rates. They can also deposit their digital assets to earn interest. The Aave platform has various mouthwatering offers such as flash loans that must be […]

The original purpose of Bitcoin was for it to be a means of exchange, that is, used as money. However, as digital money, it seems like the king coin has fallen short of this very purpose because since the value has risen exponentially, it has become difficult for it to be used for smaller transactions. […]