- Coinolly : Crypto News & Updation

The Role of Cryptocurrency in the Fight against Corruption and Money Laundering

18Mar

By Alphonso BernierNo Comments

Crypto, Crypto News, Cryptocurrency, Cryptonews

The Role of Cryptocurrency in the Fight against Corruption and Money Laundering

Introduction Cryptocurrencies have been both praised and criticized for their potential to facilitate illegal activities such as corruption and money laundering. However, there is evidence to suggest that cryptocurrencies can also play a positive role in the fight against corruption and money laundering. In this article, we will explore how cryptocurrencies can help combat corruption and money laundering, as well as the challenges and risks associated with their use. Cryptocurrencies as a Tool for Transparency One of the key benefits of cryptocurrencies is their ability to provide transparency and traceability in transactions. Every transaction on the blockchain is recorded in a public ledger, which makes it possible to track the movement of funds from one address to another....

16Mar

By Alphonso BernierNo Comments

Blockchain, Crypto, Crypto News, Cryptocurrency, Cryptonews, Web3

Types of Decentralized Exchanges

Decentralized exchanges (DEXs) are a type of cryptocurrency exchange that operates in a decentralized manner, allowing users to trade cryptocurrencies directly with each other without the need for a centralized intermediary. There are several types of DEXs, each with its own unique characteristics and features. In this article, we will explore the different types of decentralized exchanges. Order-book based DEXs Order-book based DEXs operate similarly to centralized exchanges, where buy and sell orders are matched through an order book. These DEXs typically use smart contracts to manage the order book, which contains a list of buy and sell orders, and executes trades when the buy and sell prices match. One popular order-book based DEX is UniSwap, which is built on the Ethere...

What is Coin Burn In Cryptocurrency? Why Are Coins Burnt?

13Mar

By Alphonso BernierNo Comments

Crypto, Crypto News, Cryptocurrency, Cryptonews

What is Coin Burn In Cryptocurrency? Why Are Coins Burnt?

Cryptocurrency has introduced a lot of new concepts to the world of finance, and one of the more interesting concepts is "coin burn". Coin burn is a process in which cryptocurrency tokens or coins are purposely destroyed, usually by sending them to a public address where they cannot be accessed or retrieved. In this article, we will explore what coin burn is, why coins are burnt, and its impact on the cryptocurrency market. What is Coin Burn? Coin burn is a process that involves the permanent removal of a certain number of tokens or coins from the total supply of a cryptocurrency. This means that the coins that are burnt are effectively taken out of circulation and can never be used or traded again. The act of burning coins is usually done by sending them to an address that is ...

The Role of Cryptocurrency in the Future of eCommerce

1Mar

By Alphonso BernierNo Comments

Crypto, Bitcoin, Crypto News, Cryptocurrency, Cryptonews, Dogecoin

The Role of Cryptocurrency in the Future of eCommerce

Introduction to Cryptocurrency and eCommerce Cryptocurrency is a digital or virtual currency that uses cryptography for security. eCommerce refers to buying and selling products or services online. The use of cryptocurrency in eCommerce is becoming increasingly popular due to its benefits, such as faster transaction times and lower transaction fees. Benefits of Using Cryptocurrency in eCommerce Using cryptocurrency in eCommerce offers several benefits, such as increased security, faster transaction times, and lower transaction fees. Cryptocurrency transactions are also irreversible, reducing the risk of chargebacks and fraud. Challenges of Using Cryptocurrency in eCommerce Despite the benefits, using cryptocurrency in eCommerce comes with some challenges. One of the main challenges i...

Five Unique and Great Ways to Use Your Bitcoin Cash-Out

15Feb

By Alphonso BernierNo Comments

Bitcoin, Crypto, Cryptonews

Five Unique and Great Ways to Use Your Bitcoin Cash-Out

In the modern age of the Internet, various new methods of investing are being invented. One of the most popular new-age investments is cryptocurrency. Crypto refers to virtually operated currency generated on the Internet. People use real-world money, buy cryptocurrencies, store them in wallets, and invest in them. After that, the customer sells the previously bought cryptos based on the ever-changing inflation rates. There are many types of cryptocurrencies in the current market, and, out of all of them, Bitcoin is the most famous. Seasoned investors are jumping left and right at the slightest chance of mining Bitcoin. Even newbie customers are also figuring out how to buy Bitcoin on any crypto trading platform. This virtual currency has taken the world by storm. Valuing at about $5...