Crypto miners are seeking financial lifelines. Crypto miners have had a challenging 2020, with their profits shrinking as the value of cryptocurrency fell. However, there is now renewed hope for Crypto miners as the price of bitcoin has surged this year. This surge in value has incentivized Crypto miners to push their computing power towards mining...
Binance Stablecoin Sometimes Lost The Full Backing Binance, the world's largest crypto exchange, has admitted that its BUSD stablecoin has only sometimes maintained the reserves needed to keep its price fixed at $1. This means there has been a shortfall of as much as $1 billion in backing for the token. Stablecoins are digital assets designed to...
What is Cryptocurrency? Cryptocurrency or crypto is a digital or virtual currency used to protect transaction transactions using cryptography. Cryptocurrency has no central authority in issuing and regulating transactions but uses a decentralized system of transactions to generate units and new units. Cryptocurrency is one type of digital transaction that banks or other financial institutions do...
