How to Invest in Gaming Crypto Coins
Gaming crypto coins are the types of blockchain projects that intermix the gaming industry with cryptocurrency, thus creating a possibility to play the game, acquire gaming currency, earn rewards, and also engage in transactions on blockchain platforms. In the traditional gaming arena, game developers are usually in charge of their assets. However, blockchain technology ensures…
How to Start Trading Forex in Australia
Foreign exchange trading, also known as forex trading, refers to buying and selling currencies to profit from differences in exchange rates. There is no centralised marketplace for swapping currencies – forex trading simply occurs over the counter (OTC) via computer networks. In this article, we’ll discuss several key aspects to help novices start trading forex…
Will Cryptocurrencies liberate money from central banks?
The dream that decentralised finance – or “DeFi” – can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies. But with 2022 proving to be more of a crypto-nightmare – including for the vaunted “stablecoins” that held the most promise as rivals to central bank-issued currencies – questions…
How blockchain can revolutionise the financial system
Another year, another burst of extreme crypto volatility. But the blockchain technology behind bitcoin, stablecoins and other digital assets continues to grow in importance. Sometimes innovation happens overnight. The Monday after the Big Bang in 1986, when the market was deregulated and stepped into the electronic age, the noise and bustle of the trading floor…
Is the dollar done?
We assess whether the freezing of Russia’s FX reserves could ultimately cool the dollar’s dominance as a reserve currency. Last month the Russian government missed a payment on a Eurobond because financial sanctions meant that it was unable to service its debt. Russia managed to evade a default by making a payment shortly before a…
Are NFTs an overblown speculative bubble?
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets. The latest NFT mania involves fantastic amounts of money being paid for “Bored Apes”, 10,000 avatars…
What the NFT is the metaverse?
The touted ‘embodied internet’ might take a while to arrive and could underwhelm, even with Big Tech support. Non-fungible tokens, or NFTs, are ownership proof on blockchain technology of the original version of something digital, be that art, characters, tweets, videos or something else. People are paying millions for an exclusive claim on unique digital…
What is Bitcoin’s fundamental value?
As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must…
Crypto and the power of social media
Elon Musk has replaced Donald Trump as the world’s most influential tweeter. Whatever you think of the controversial Tesla boss, you can’t ignore him any more than you could the former President. Last week’s Twitter bomb saw Musk pull an abrupt U-turn on Tesla’s highly public support only three months ago for bitcoin, suspending plans…
Bitcoin: 3 reasons why this rebound is different
Bitcoin is back. Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge of a record high. In recent days it has been trading above US$19,000, up from US$10,000 in October and…
