Tag: Cryptocurrency

What is a cryptocurrency mixer and how does it work?

Cointelegraph By Onkar Singh

The rapid expansion of cryptocurrencies and the development of crypto infrastructure and vulnerabilities like crypto mixers or tumblers have been a source of concern for government agencies in charge of financial security. Many people use crypto mixers to keep their cryptocurrency transactions private by mixing potentially identifiable cryptocurrency funds with vast sums of other funds. These services are often used to anonymize fund transfers between services and do not require Know Your Customer (KYC) checks. As a result, the risk of employing crypto mixers to launder money or conceal earnings…

Cryptocurrency vs. Stocks: Key differences explained

Cointelegraph By Gabriëlla Modderman

Both the crypto and the stock markets are volatile and subject to external influences. However, there are also differences between them. When we’re talking about cryptocurrency vs. stocks, there is a big difference in how they are traded. Cryptocurrency can be bought at a cryptocurrency exchange, whereas you can buy stocks at the stock exchange. Of course, there are differences in the exchanges and opening hours, as previously described.  Normally, the crypto market is more volatile than the stock market. However, the stock market is also subject to volatility due…

How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?

Cointelegraph By Guneet Kaur

The primary functions of a blockchain analysis tools include address classification, providing investigation tools, monitoring transactions and risk analysis. The ability to link blockchain addresses to real-world identities is one of the most common uses of blockchain analysis software. Such tools use a variety of ways to identify real-world items on the blockchain. For instance, standard blockchain analysis techniques include web scraping and clustering algorithms. Clustering is the most prevalent method for identifying entities like exchanges, payment processors and wallets in analysis tools. Similarly, web scraping is utilized to analyze…

Is cryptocurrency a friend or foe?

Travis Jones

In January 2022, the Central Bank of Russia (CBR) proposed a number of measures aimed at curtailing the country’s cryptocurrency market, which included a blanket ban on the use and mining of all cryptocurrencies. It pointed out risks posed by the volatile nature of cryptocurrencies to the financial stability of the country, the extensive use of crypto in illegal activity and the energy costs involved in crypto mining. However, the utility of blockchain technology didn’t escape the CBR. The following month, it announced that it had started the pilot stage…

How to navigate cryptocurrency tax implications amidst the CPA shortage

Sarah Jansen

Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider –– that is, crypto taxes. It is not uncommon for traders to take advantage of the constant fluctuations, buy the dip, sell the uptrend, and repeat it frequently. Unfortunately, each transaction is considered a taxable event, making the conversation about cryptocurrency taxes a daunting one. The impending crackdown…

How to maximize cryptocurrency earnings with smart trading

Sarah Jansen

With news of early adopters retiring millionaires, and newbies making a 300% profit or more on their cryptocurrency holdings, investing in digital assets is seen by many as a lucrative opportunity. That said, cryptocurrency continues to exist as one of the most volatile asset classes, marked with significant price swings branching from the highest highs to the lowest lows. For this reason, it is common for new investors to make attempts to time the market, especially if they have had a few successful trades under their belt. Unfortunately, this is…

Hong Kong-listed Huobi Tech launches cryptocurrency OTC service

Helen Partz

Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday. Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in 1990. Huobi Technology has been actively moving into the cryptocurrency industry in recent years but operates independently of Huobi Group, the entity that owns the Huobi Global cryptocurrency exchange. The two companies share some shareholders but they are two…

Crypto Watch: The Future of Cryptocurrency is Coming, But Will It Include Bitcoin? Web3 Rises

Isaiah Richard

Crypto Watch brings the audience a round-up of the top stories of cryptocurrency in the past week, and it focused on Web3, Bitcoin, and the liquidation of different coins as the market receives a threat. The world now focuses on another staggering volatility of the top cryptocurrency, while some already focus on the future and its transition to Web3. Web 3: The Future is Real, and Several Hirings is for its Development Web3 is the upcoming face of the internet which is currently at Web2, soon having a new version…