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Importance and Types of Source of Fund
Many people may be confused when it comes to the Source of Funds: “What does it mean?” and “How can I get it”? This article will offer you a precise description of the term as well as an explanation of how it operates. What is the Source of Funds? The term “Source of Funds” […]
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Into The Schemes Of Rug Pull And How To Avoid Them
Launched in October last year, the new cryptocurrency token inspired by the popular South Korean Netflix series skyrocketed in value as investors rode on the hype to relate themselves to the tv series. The developers of $SQUID promised a project where it would replicate the tv series with a play-to-earn game that would require an […]
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What are Unhosted Wallets and the Risks They Pose
As the adoption of cryptocurrency grows, cryptocurrency-related issues increase as well. Recently, a new argument over the use of unhosted cryptocurrency wallets is currently trending, as they are deemed risky. Most countries are only now realising that introducing anti-money laundering (AML) measures into the realm of private or unhosted wallets is critical to the overall […]
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Atomic Swap and its Advantages and Disadvantages
What Is an Atomic Swap? An atomic swap, also known as a cross-chain atomic swap, is the exchange of cryptocurrency from different blockchains. Atomic swaps, also known as atomic cross-chain trading, allow users to exchange cryptocurrencies directly between blockchains without the need for a third party, such as an exchange. Smart contracts are used by […]
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A Deep Dive into the Cost of Compliance
What Is Compliance Cost? The term “compliance cost” refers to all of the expenses incurred by a company in order to comply with industry regulations. Compliance costs include salaries for compliance personnel, time and money spent on reporting, new systems required to meet retention requirements, and so on. The repercussions to the cost of […]
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Assessing The Best Crypto Wallet For Your Needs
Cryptocurrency wallets (crypto wallets) store public and private “keys” which are necessary for crypto currency transactions. These keys are an arbitrary string of random characters, akin to a unique ID number. Keys come in pairs: every public key is paired with a private key, ensuring that customer data is always protected. These keys are necessary […]
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Understanding Web3 Gaming
What is Web3 Gaming? Web3 gaming refers to decentralised gaming where the lack of central authority to govern the activities carried out in the gaming ecosystem enables the users to secure ownership of gaming assets and decision-making. Web3 games involve the integration of blockchain into the ecosystem, thus allowing gamers to express their opinions on […]
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Non-Fungible Token (NFT) Regulation in Singapore
There has been an increasing popularity of NFTs (Non-Fungible Tokens), cryptographic tokens on a blockchain that can prove the ownership and authenticity of a digital asset, which can also be considered as digital data with a certificate of ownership. The Singapore High Court has ruled that NFTs can be considered as property. While there are […]
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Blockchain-Powered Carbon Trading and its Repercussions
What is Blockchain-Powered Carbon Trading? Before delving into blockchain-powered carbon trading, one must first understand the mechanisms behind carbon credit. Carbon credits, also known as carbon offsets, is a tradable permit or certificate which allows the owner of the credit to emit a specified level of carbon dioxide or other greenhouse gases. One credit can […]
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Everything About Crypto Wallets and its Keys
What is a crypto wallet? A cryptocurrency wallet is a hardware or software device that stores your cryptocurrency keys and allows you to access your coins. Crypto wallets keep your private keys safe and accessible, allowing you to transfer and receive cryptocurrencies such as Bitcoin and Ethereum. There are various wallet types, each with its […]
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