What Is an NFT (Non-Fungible Token)?

Non-fungible tokens (NFTs) are blockchain-based cryptographic assets having unique identifying codes and information that separate them from one another. They cannot be traded or swapped for equivalent, unlike cryptocurrencies. This is in contrast to fungible tokens, such as cryptocurrencies, which are identical to one another and hence may be used as a means of exchange. …

India wants to introduce a digital currency and tax cryptocurrency gains

India wants to introduce a digital currency and tax cryptocurrency gains

India is proposing to develop a digital version of the rupee, making it the latest nation to enter the race to create government-backed virtual currencies. According to Indian Finance Minister Nirmala Sitharaman, the country’s central bank plans to launch the currency “using blockchain and other technology” sometime in the next fiscal year, which starts in …

Is Cryptocurrency a safe haven and transfer of assets

Is Cryptocurrency a safe haven and transfer of assets?

1. Is Cryptocurrency a safe haven and transfer of assets? Cryptocurrencies, according to Bloomberg, are a potential tool for the Russian wealthy to dodge the impact of Western sanctions. In reaction to Russia’s onslaught on Ukraine, US President Joe Biden announced on Thursday that “severe sanctions” had been agreed. The goal of these policies is …

RSI

What is RSI? Formula and how to use RSI indicator results

When investing in cryptocurrencies or any other exchange, RSI is one of the most significant indicators that each trader should employ. However, not everyone knows the significance and use of this signal, which might lead to incorrect conclusions. So, in today’s column, we’ll explain the RSI in further depth, allowing traders to develop their own …

SocialFi

New SocialFi trends in crypto world 2022

S SocialFi is a blockchain platform that combines social networking with finance. SocialFi may be seen of as a new “variation” of DeFi that emphasizes decentralization, openness, and user empowerment. As a result, SocialFi will be strongly associated with two other concepts: Web 3.0 and DAO. I. General Overview 1. What is SocialFi and how …