Crypto rug pulls are on the rise, so it’s more important than ever for investors to stay informed about the latest industry trends and to perform due diligence on projects before investing. Learn more about what crypto rug pulls are and the steps you can take to protect yourself from fraudsters in this informative blog … Read more
Proofs of Reserves are a way for cryptocurrency exchanges to prove that their funds are safe and secure. The main objective of PoR are as follows, What Is Proof of Reserves (PoR)? Why a Proof is Needed for a Blockchain Network? What is Proof of Reserve and How Does it Work? Proof of Reserves (PoR) … Read more
Carrying cash is unsafe for homeless people all around the world since it can be misplaced or stolen. To provide relief to Ukrainians who have been forced to leave their homes, the UN has moved to blockchain payments. Internally displaced people (IDPs) and others impacted by Russia’s invasion of the nation will receive digital currency … Read more
Presently taking place in Qatar is the FIFA World Cup 2022, and each participating team has its own fan token. Fan tokens have a very high level of volatility. Possibilities for fan token privileges and advantages include the chance to vote on club decisions, special incentives, and one-of-a-kind experiences. The best FIFA World Cup fan … Read more
Cryptocurrencies known as stablecoins have a value based on the value of an external asset. Currency like the USD (as in the case of Tether (USDT)), precious metals like gold, or any other commodity are examples of these assets. Unlike other cryptocurrencies, stablecoins serve as both a store of wealth and a transactional medium, and … Read more
Traders and investors who have taken action based on the expectation that an asset (which could be a Crypto or cryptocurrency) will gain rather than drop are affected by the Crypto market phenomena known as a short squeeze. I find it fascinating, don’t you? Let’s briefly examine this phenomenon and discover its fundamentals in this blog! What does a crypto short squeeze mean? When an asset’s price increases quickly, short sellers are forced to close out their positions by repurchasing their tokens at a premium price, which is known as a “short squeeze” or “bear squeeze.” Since the price action frequently deviates from the asset’s expected trajectory and frequently … Read more
What’s FASB? The Financial Accounting Standards Board (FASB), a nonprofit organisation that operates independently, has the power to create and interpret generally accepted accounting principles (GAAP) in the United States for nonprofit, for-profit, and public firms. A collection of guidelines for how businesses, charitable organisations, and governments should compile and present their financial statements is known as GAAP. What Is an Accounting Standard? An accounting standard is a common set of principles, standards, and procedures that define the basis of financial accounting policies and practices. Understanding Accounting Standards Accounting standards improve the transparency of financial reporting in all countries. In the United States, the generally accepted accounting principles (GAAP) form … Read more
Investment products that promise guaranteed returns on investments over a specific time period are abundant on the financial markets and attract investors in. When it comes to expanding investment portfolios, exchange-traded funds (ETF) and exchange-traded notes (ETN) have gained popularity. Each of them offers profits dependent on how well the financial markets perform and has … Read more
In the European Union, there is still no common regulatory framework for cryptocurrencies. However, a number of legal approaches have been offered by various EU authorities to reach a consensus on important cryptocurrency distribution issues. Andorra Cryptocurrencies: Not legal tender. The government’s stance on cryptocurrency and blockchain-related technology is proactive and positive. As mentioned in the … Read more