Binance invested in Bitcoin Futures platform FTX – darkVane

Cryptocurrency Terminologies for Beginners

The rise of cryptocurrency is making a huge influence towards different businesses, companies or even simple individuals that supports the use of it in exchange of service, products, investments, etc.
Number of users increases seemingly. However, beginners often get confused with the jargons, known only in the said network. In this article, I will be sharing basic terms that exists in cryptocurrency world:
Cryptocurrency - is an internet-based, digital/virtual form of currency that is secured by cryptography (which makes it almost impossible to counterfeit) and operates independently from central bank. These include Bitcoin, Bitcoin Cash, Etherium, Ripple, Litecoin, etc.
Cryptography - process of securing communication and data in various electronic transactions (such as account name, account number, amount, digital signature, etc.) by converting plain texts to unintelligible texts and vice versa. It is also be utilized for user authentication.
Blockchain - refers to a growing list of record or the digital information (blocks) stored in public database (chain).
Wallet - or software wallet, is where you “store” your cryptocurrency. It is basically a digital program/system/site/app that store public and/or private keys used to track ownership and transactions of your cryptocurrency. Example: Coinbase, Trust Wallet, Exodus Crypto Wallet, Coins.ph, Binance Wallet, etc.
Wallet Address - is a destination associated with the software wallet where a user sends and receives cryptocurrency. Usually include a long series of letters and numbers. Example: qz8wlltmrj83mj2waw6rgaw9wtzqywuc5s3xqm67g7
Fiat Money - a currency that has actual value maintained; established as money; and backed up by the government. Example: US Dollar, British Pound, Philippine Peso, Japanese Yen, Euro, etc.
Altcoin - or "alts"; refers to any cryptocurrency other than Bitcoin.
ATH (All-time High) - it's when a cryptocurrency breaks its previous record price.
FOMO (Fear of Missing Out) - refers to the strong urge or need to purchase a cryptocurrency when the price starts increasing rapidly.
Mining - process of validation of transactions such as computers trying to solve blocks in a blockchain. Thus rewarding new cryptocurrency to successful user (miner). However, mining scams are rampant nowadays. Miners are always reminded not to provide private keys, deposits, etc to avoid these frauds.
FUD (Fear, Uncertainty and Doubt) - this is the greatest risk for investors; A state of mind that often influence when and how crypto-enthusiasts make trades, purchase or hold onto their coins thus affects greatly in the actual prices/convertion rate of cryptocurrency.
DeFi - short term for "decentralized finance" which includes digital assets, protocols, smart contracts, and dApps; is a financial software built on the blockchain that can be pieced together like Money Legos. Etherium is the primary choice for DeFi Application.
Stablecoin - refers to a class of cryptocurrency that attempts to stabilize coin prices, backed by reserve assets.
Reserve Assets - financial assets denominated in foreign currencies, held by central banks; must be readily available for monetization and/or must be an external physical asset. Example: US Dollars, Gold.
That's all for now, I hope this information might help especially beginners who still lack knowledge regarding these terms. Continue supporting #Cryptocurrency
submitted by jBaij to btc [link] [comments]

Binance Exchange Tutorial: Beginners Guide to Buying ... BITCOIN STORTEN OP BINANCE EXCHANGE  BNB COIN KOPEN - YouTube Binance Exchange Tutorial: How To Sell On Binance (Sold My ... Exchange Hack - Binance gets hacked  cryptocurrency news today Newdex Exchange Review & Tutorial - Best DEX (2020) - Buy Bitcoin, EOS & Tron Alts! BINANCE EXCHANGE UITLEG: COMPLETE HANDLEIDING IN HET ...

The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece The Bitcoin exchange Binance continues to develop a kind of a global crypto-octopus. Apart from the creation of its own new products, such as their own Ethereum Futures, the company can in the past month is unlikely to be an opportunity to participate in new platforms and Startups promise. Recently, we reported on the Adoption of the Analysis and enjoyment of the DappReview. Now, the next ... Der mutmaßliche Hacker der Bitcoin-Börse Binance droht mit weiteren Veröffentlichungen. Dabei tun sich jedoch viele Fragezeichen auf. Source: BTC-ECHO Der Beitrag Binance: Mutmaßlicher Bitcoin-Bö… As with previous crashes, Binance and Coinbase reported problems with their trading operations. In a Coinbase posting, the exchange informed its users at 04:29 PDT that crypto transfers with Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Zcash, Stellar and other cryptocurrencies were not available. Although the system was brought back online an ... There’s a new Bitcoin mining device that promises to rock your world. It’s the Lego mining rig!The Reddit user cowbob just published online this funny picture of his customized rig and he has formally announced he is taking pre-orders.. Making tight forecasts, he says he should be ready to deliver some of the first devices by July 2014. The Binance exchange, which stores Bitcoin and other crypto-currencies for members, said hackers took 7,000 bitcoins in one go. Withdrawals have now been suspended on the platform. "We beg for ... Harvest provided a list of 10 bitcoin addresses of the hacker, where it believes the stolen funds may have been moved. It also asked exchanges like Binance, Coinbase, and Huobi to block the ...

[index] [14960] [10358] [8273] [1884] [13335] [23773] [14256] [4634] [21362] [10029]

Binance Exchange Tutorial: Beginners Guide to Buying ...

Binance exchange tutorial: how to sell on binance. I sold all my binance coins for bitcoins. Register on binance: https://www.binance.com/register.html?ref=1... GRATIS BITCOIN TRAINING → https://coingids.nl/gratis-bitcoin-training Aanmelden Binance exchange https://www.binance.com/en/register?ref=10150273 in deze vid... Binance coin kopen of verkopen? Uitleg, review en ervaringen over de Binance-exchange, de crypto-exchange met de meeste Altcoins. ⇩ Gratis Bitcoin Cryptocurr... Yet another exchange hack just took place, this time Binance is the victim of a 7K BTC hack. Jimmy, Robert, Wendell, and Fredrick explain. Twitter: https://t... A beginner’s guide to the Binance Exchange. In this Binance Tutorial, I show you the process of how to buy and trade Bitcoin and AltCoins. I explain the bene... Binance Exchange - (5% BACK): https: ... TOP 5 BITCOIN DECENTRALIZED EXCHANGES (DEX) IN 2020 - Duration: 12:24. Hack Crypto 2,764 views. 12:24. How to Apply for a US Passport 2020 - Get a US ...

#