Showing posts from November, 2022

Mark Tencaten | Examine these four factors before making your first investment in the cryptocurrency market

The crypto industry is growing to be "too big to ignore," according to Mark Tencaten. In fact, the crypto industry has grown by 706 percent to achieve nearly 600 billion. This is just the first step in the quickly developing crypto space, which has experienced an aggressive growth rate of almost 641% over the past 12 months. This makes it the fastest-growing market worldwide. Additionally, a study revealed that Defi platforms had a significant uptick along with the industry's steady expansion, with almost 221 million users actively trading in cryptocurrencies in recent months. Institutional investors from all around the world invested close to 17 billion US dollars in the Defi platform. Here is a five-point checklist that Mark Tencaten has provided that you should check out before you make the much-needed leap into the cryptocurrency market. 1.     Research You should undoubtedly take the cryptocurrency journey, but only after careful planning and research. Do no

Learnings from the latest crypto crash and how to evaluate and invest in modern crypto businesses

As we examine the cutting-edge companies attempting to change the current ecosystem fundamentally, we can draw important lessons from the breakdown of the FTX exchange founded in 2019, which was regarded as one of the most reputable companies in the cryptocurrency space with over a million users and a 32 billion dollar market valuation earlier this year. It may sound futuristic to replace how things have always been done, but systems developed over decades are packed with useful lessons. In this article, Mark Tencaten explains that companies should, at the very least, master them before breaking the established conventions of how things are done. Mark Tencaten begins to explain what we should already know. Customers could swap digital currencies for conventional currency or other digital currencies on the cryptocurrency exchanges FTX and Binance. They conducted the vast majority of cryptocurrency trades worldwide between the two of them. Sam Bankman-Fried, CEO of FTX, oversaw qua

A Shocking Collapse of a $30 Billion Cryptocurrency Exchange has Left many Crypto Investors Worried.

The Bahamas-based cryptocurrency exchange, which debuted in 2019, rose quickly to prominence and reached a valuation of more than US 30 billion dollars earlier in the year. FTX was formerly one of the biggest cryptocurrency trading platforms in the world. In the last two weeks, everything has changed. First, there were worries raised regarding connections between FTX and the asset-trading company Alameda Research, including claims that client funds had been moved from FTX to Alameda. Mark Tencaten said that a few days later, the largest cryptocurrency exchange and competing company Binance stated they would sell their ownership of FTT coins, which are said to make up the majority of Alameda's assets. Customers who were in a panic raced to withdraw money from FTX, and now the business is in danger of failing. A popup notification on its website states that it is "temporarily unable to process withdrawals." According to Mark Tencaten , this isn't the first such q

Mark Tencaten | Thinking of investing in cryptos: How to decrease the chances of of fraud

Millions of investors in more than 175 countries lost approximately US 4 billion dollars in 2017 after investing in a cryptocurrency named "OneCoin." Ruja Ignatova, the project's mastermind, disappeared along with what is thought to be the entire sum. This news headline caused a stir in the cryptocurrency community. Even while this situation included a significant amount of fraud, Mark Tencaten explains that the reality is that shady activities are common in the field of crypto-assets, which include cryptocurrencies (like Bitcoin) and non-fungible tokens (NFTs). Investors who possess these tokens are given rights that can take various forms (such as accessibility to goods, such as a piece of art, a service, or something equivalent to stock ownership). Initial coin offers (ICOs), which include the issue of new cryptocurrencies, were launched in 2017, and according to a 2018 assessment by a crypto-asset firm, approximately 80% of them were fake. Of course, it is only po

Ethereum, the second-largest cryptocurrency, reduced energy usage by more than 99%

  The quantity of energy used by cryptocurrencies is staggering. The second most common cryptocurrency in the world, Ethereum, is predicted to consume 78 terawatt hours of energy annually, about as much as the whole of Chile does. The energy-intensive coding that has long tarnished cryptocurrency’s reputation for being unfriendly to the environment will be removed from Ethereum, resulting in a 99% reduction in energy consumption. Mark Tencaten suggests that the “merge,” as the transformation has been dubbed, is one of the pivotal moments in crypto history. Knowing that the carbon estimation of Hong Kong’s total emissions will be eliminated overnight would comfort even people who are disinterested in pixelated cat pictures and metaverse meetups, most of which rely on Ethereum. Due to the merger, Ethereum’s security mechanism will change from the so-called proof-of-work approach to the popular proof-of-stake method. Difference between Proof-of-stake and Proof-of-Work According to Mark T