Beware of various forms of cryptocurrency scams Cryptocurrency scams can manifest in various forms, often preying on the lack of regulation and the complexity of blockchain transactions. You must be aware of common tactics used in cryptocurrency scams. These include: Phishing scams: Attackers send fraudulent emails or messages that mimic legitimate cryptocurrency platforms. Victims may be tricked into providing…
Wait, what is Bitcoin again? Bitcoin is the first cryptocurrency — this is, essentially, money that allows people to send and receive payments directly to each other without relying on banks or governments. Created in 2009 by an unknown person or group using the name Satoshi Nakamoto, Bitcoin introduced a new way to handle transactions online. It…
Key takeaways Tokenizing assets on Bitcoin is attractive thanks to the blockchain’s security, recognition and robust infrastructure. Bitcoin ordinals enable the creation of non-fungible tokens on the Bitcoin blockchain for asset tokenization Tokenizing real-world assets on Bitcoin opens up new possibilities in real estate, art, and commodities by inscribing data onto individual satoshis Regulatory uncertainty…
What are leveraged ETFs Leveraged ETFs are a special type of exchange-traded fund that uses borrowed money or financial instruments (like options, futures or swaps) to amplify the daily performance of an underlying index. Unlike traditional ETFs that track an index passively, leveraged exchange-traded funds (ETFs) use derivatives, swaps and futures contracts to magnify gains or losses. For example, consider…
What is Tether (USDt)? Tether’s USDt is a stablecoin, a type of cryptocurrency whose value is pegged to a real-world asset. Unlike many cryptocurrencies known for their price swings, Tether’s USDt is designed to maintain a consistent price tied to the US dollar. This price stability makes Tether an appealing option for investors who want to…
Crypto exchanges are vital for accessing digital assets but vary greatly in security, efficiency and innovation. With top-notch security, lightning-fast trading and a keen eye for innovation, Phemex now empowers users to trade meme tokens on the Solana blockchain directly from their Phemex accounts. Cryptocurrency exchanges are the cornerstone of the digital asset economy, offering…
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