All about cryptocurrency
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Learn the essentials of crypto trading, including strategies, market analysis, and risk management. Get insights into setting up accounts and trading securely to succeed in the volatile crypto market.
Learn all about cryptocurrency
People often say that cryptocurrencies are decentralized, which is another way of saying that they are not controlled by a centralized entity. Essentially, you own your own digital wallet that gives you more freedom and control over your money.
According to blockchain data company Chainalysis, criminals laundered US$8,600,000,000 worth of cryptocurrency in 2021, up by 30% from the previous year. The data suggests that rather than managing numerous illicit havens, cybercriminals make use of a small group of purpose built centralized exchanges for sending and receiving illicit cryptocurrency. In 2021, those exchanges received 47% of funds sent by crime linked addresses. Almost $2.2bn worth of cryptocurrencies was embezzled from DeFi protocols in 2021, which represents 72% of all cryptocurrency theft in 2021.
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All you need to know about cryptocurrency
In order to promote financial inclusion and job creation and facilitate remittances, El Salvador became the first country to adopt Bitcoin as a legal tender in 2021. Citizens use the government’s Chivo wallet app to pay for everything from groceries to coffee.
Those wild shifts in value may also cut against the basic ideas behind the projects that cryptocurrencies were created to support. For example, people may be less likely to use Bitcoin as a payment system if they are not sure what it will be worth the next day.