Rumble Kong League is a blockchain-based mobile 3x3 basketball game. Players use NFT characters to compete and rank in an online sports league.

Interested in fast-paced basketball games with exciting rewards? 

 attempts to combine the world of sports gaming with cryptocurrency technology. This entertaining concept takes the play-to-earn aspect of 

 and adds more complex gameplay with a focus on sports culture. 

 certainly stands out from other web3 games, which tend to be based on RPGs, shooters or card games. But can it attract users? To see whether this game will likely be the next big thing, here's what you need to know.

 is a blockchain-based mobile basketball game. Players use 

 characters to compete in 3x3 basketball matches and rank in an online sports league. The game involves a blend of strategy and skill, and league winners can earn impressive prizes.

 has been in development since 2021, when it was first created by Marcus Blasche and Nick Vale. Blasche has worked with Activision Blizzard and Wargaming, while Vale is a veteran of indie gaming. Intrigued by the potential applications of blockchain technology, the two decided to create a complex and engaging web3 game. 

 has obtained numerous prestigious backers, raising over 

 from JDS Crypto, Animoca Brands, IDEO CoLab Ventures and others. Moreover, the game is being promoted by NBA stars Stephen Curry and Paul George. The 

development team also includes acclaimed muralists, algorithmic trading experts and experienced software developers. 

What Does Rumble Kong League aim to achieve?

Rumble Kong aims to create a complex, in-depth blockchain sports game. Many web3 games are simple “clickers” that rely on basic mechanics, such as drawing cards and automatically generated artwork. However, Rumble Kong's creators wanted to create a game that felt more like traditional basketball. The game's development period was longer than usual, due to its broad range of mechanics and distinctive art style. 

. By incorporating real NBA players in its promotion, 

 believes it can attract more customers. Instead of just relying on word-of-mouth praise from web3 fans, it plans to reach out to traditional sports fans and esports gamers. 

 is primarily a game, it’s also an advanced gaming ecosystem running on a multisport platform that will eventually encompass multiple games. Account holders receive access to Athlos, a digital 

 city with a street for each gaming brand and athlete experience. 

The content and interface that users experience are run by traditional software, similar to standard AAA games. However, the ecosystem has a blockchain background that provides more technical services, such as tracking player points and storing player assets. 

Initially, there were plans to run the game’s network on Avalanche, but after considering its options, 

, an Ethereum sidechain specifically designed for gaming that offers particularly low fees and fast transactions. 

 provides the following exciting features for players to enjoy.

 is similar to that of a basketball game. Teams of three try to shoot baskets and score points, and players can be default characters or special NFTs with unique abilities. As you play, you can choose between individual actions, such as passing the ball, sprinting, blocking shots and shooting. In addition to playing matches, users can watch tournaments, interact with each other socially and design player-created content.

The Rumble Pass lets players join a seasonal progression system. Once you sign up for this features, you're guided through a broader narrative. As you win matches, you unlock exclusive quests. Fulfilling all the requirements of the Rumble Pass gets you exclusive rewards and loot boxes. Rumble Pass is essentially the casual mode of 

, so you can play for fun instead of competing in serious league games.

 uses NFTs for a variety of purposes. Players who own NFT characters can equip them with special on-court abilities. Brand collaborators, such as Gatorade and Under Armour, also offer special NFT collections that provide branded gear for their characters. Currently, 

 has spent the past four years developing and designing its game and recruiting reputable spokespeople like NBA stars Stephen Curry and Paul George. Now that it's successfully completed several beta tests and a soft launch of its gaming system, 

, with plans to add the FAME token and other related services to the game throughout the spring of 2025. 

Once the league system, FAME rewards and game stores are all launched, 

 will be expanding its game with exclusive quests. Eventually, it plans to branch out and add more sports-themed games centered around games such as American football.

Before the FAME token launched on Mar 11, 2025, 

 to its dedicated players. People who participated in activities like the Sigma League and earned points had their in-game FAME points translated into FAME cryptocurrency. Those who had participated in the SocialFi campaign online were also eligible for the airdrop. All they needed to do was visit the 

 website and connect their wallet to automatically get tokens added. 

FAME stands for "The Future of Athletics, Media and Entertainment," and it's the token used for everything from rewarding plays for completing exclusive quests to buying items in the online shop. The token is an Ethereum-based coin with a 

 that will be distributed to six different parties:

While there’s not yet any pricing history for the incipient FAME token, it can be helpful to take a look at the pricing history for 

 NFTs, which have a floor price of around $300 and an 

 has usually sat in the middle of the market. 

Likewise, the company's FAME coin is unlikely to be as pricey as a token like Bitcoin, or as cheap as a typical meme coin. It will most likely start out with a price in the range of a few cents, and may increase in value if it can generate enough hype.

Currently, pre-market trading sites have FAME sitting at around $0.02, which may provide a good estimate of the coin's launch price. FAME does feature a high total supply, however, which may bring prices down a little as more coins are released.

No one can guarantee FAME's debut price, but this hasn't abated crypto influencers’ excitement. Thanks to the game's ties to Animoca Brands, Stephen Curry and other prestigious names, it's already attracting people who are interested in sports culture. For most new coins, this sort of online buzz is a good thing. It can often indicate higher prices when a coin eventually launches. Furthermore, the token has a lot of utility, since FAME rewards are such a big part of the game. This type of utility usually helps to stabilize coin prices.

However, keep in mind that FAME is still untested at this point. 

has been in development for a while without actually releasing a coin, and its soft launch is still ongoing. Furthermore, the crypto market as a whole has been experiencing some insecurity lately. Since it's impossible to predict how volatility will affect FAME, make sure to avoid overextending yourself and putting too much of your portfolio into FAME. As always, be sure to 

 has the potential to create a truly entertaining sports game for basketball fans. This impressive ecosystem is backed by NBA stars such as Stephen Curry and includes some exciting gameplay options. 

 has already had some success with its Sigma League and soft launch, and the upcoming release of the FAME token signifies more big things for the brand. 

Intermediate

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Rumble Kong League (FAME): Slam-dunking into esports with Ronin

Thailand’s SEC has approved USDT as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. 

Daily top performer — IOST Network (IOST)

The S&P 500 fell by 2.7%, hitting a multi-month low as recession fears and tech selloffs weighed on markets. Investors are awaiting US inflation data for further insights. Gold remained below $2,900, with further declines likely as investors await US CPI data and the BoC rate decision. The Coindesk Indices, which tracks the broader crypto market, fell by 6.32%, with Bitcoin and Ether down by 4.44% and 8.66% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is IOST, which surged 27.6% following the IOST Airdrop Campaign Details.

IOST Network (IOST), launched in 2019, uses "Proof-of-Believability" to enhance scalability. It expanded into DeFi, NFTs, and plans a decentralized stablecoin to strengthen its ecosystem. 

, distributing 852.8M tokens (4% of supply) to eligible holders. Users with at least 1,000 IOST by March 15, 2025, qualify. Distribution will occur over 48 months, with details varying by platform. More participants may be added. Stay updated via 

Check out the latest prices, charts, and data of 

 as a regulated cryptocurrency, allowing trading on local exchanges starting March 16. The move enhances flexibility in digital asset businesses and reinforces Thailand’s position as a crypto-friendly jurisdiction. With USDT accounting for 40% of local trading volume, the approval supports market modernization and stablecoin adoption.

Yesterday, BTC spot ETFs saw $189.2M in outflows, with GBTC losing $20.6M and non-GBTC funds shedding $168.6M.

 is set for April, marking a major milestone for the Web3 gaming platform. Leading up to TGE, key events include Launchpool #3 (March 17–31), the Community Airdrop (March 10–31) for Mystery Marble (MM) holders, and Airdrop Season 3 (March 17–April), allocating 1% of total supply. Users can earn SQUAD Coins through pre-launch events and weekly challenges. Stay tuned for more updates as GOMBLE expands its gaming ecosystem.

Beginner

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Thailand SEC approves USDT trading to boost crypto adoption

bbSOL HODLverse is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet.

The world of crypto staking continues to evolve, offering innovative ways for users to earn passive income. One such opportunity is bbSOL HODLverse, an exclusive week-long event during which users can hold 

 and earn LAYER tokens without additional effort. With a 2,000,000 LAYER prize pool, participants can accumulate rewards simply by holding bbSOL in their Bybit Exchange account and/or 

In this article, we’ll explore what this event is all about, learn how you can obtain bbSOL and participate and help you decide whether to join this campaign.

Running from Mar 11, 2025, 12AM UTC through Mar 20, 2025, 11:59PM UTC, 

 is a staking rewards event that allows Bybit users to earn LAYER tokens by holding bbSOL in their Bybit Exchange and/or Bybit Web3 Wallet. 

The concept behind bbSOL HODLverse is simple: the more bbSOL you hold, the greater your share of the LAYER airdrop. To understand the mechanics of the event, let’s break it down step by step:

Now that you have a better understanding of how the event works, learn below how to earn your share of the 2,000,000 LAYER prize pool.

As outlined previously, you have two ways to participate in bbSOL HODLverse: hold bbSOL in your Bybit Exchange account, and/or your Bybit Web3 Wallet.

Before you can get started with this event, you’ll first need to create a Bybit account, and then ensure that you’ve already obtained bbSOL. If you don’t already have an account with Bybit, you can follow our sign-up guide 

How to obtain bbSOL with Bybit On-Chain Earn

: Log in to your Bybit account and hover your cursor over the 

: Indicate the amount of SOL you’d like to stake/amount of BBSOL you’d like to receive, and ensure that all fields are filled in correctly before clicking 

Congratulations! You’re now holding bbSOL.

: Log in to your Bybit account and navigate to the Spot trading platform by hovering your cursor over the 

: Search for the available bbSOL Spot trading pairs by hovering your cursor over the three horizontal lines.

: Choose your preferred bbSOL Spot trading pair (

), and input the amount you’d like to purchase in the trading pane on the right side. Once you’ve filled in the necessary details, click on 

How to check rewards if you have bbSOL in your Bybit Exchange account

 and scroll down until you see the snapshot. 

Here, you’ll be able to see the snapshot amount of your bbSOL holdings each day, as well as the estimated number of LAYER tokens you’re eligible to receive.

Navigate to the Bybit Web3 homepage and connect your Web3 Wallet by clicking on the 

 button on the top right corner of the page.

Once you’ve connected your Bybit Web3 Wallet, hover your cursor over the 

Enter the amount of SOL you would like to purchase in the order pane on the right side of the page, and click on 

Once you’ve purchased SOL, hover your cursor over the 

On the right side of the page, indicate the amount of SOL you would like to stake and click 

Congratulations, you’ve obtained bbSOL!

How to check rewards if you have bbSOL in your Bybit Web3 Wallet

. Alternatively, you can also choose to navigate to the 

tab and you’ll be able to see your bbSOL holdings, as well as the estimated LAYER rewards you’ll be able to receive.

Participating in bbSOL HODLverse is an attractive option for users who are already staking SOL or holding bbSOL. This event provides an easy opportunity to earn additional LAYER tokens without requiring extra effort or active trading. Furthermore, you don’t have to manually register for the event; as long as you’re holding bbSOL during the event period, you’ll be eligible!

One of the biggest advantages of bbSOL HODLverse is that it offers a passive way to earn crypto rewards. Since rewards are distributed based on daily snapshots of holdings, there’s no need to actively trade or stake beyond simply holding bbSOL. In addition, unlike traditional staking programs, there’s also no lockup period, meaning users are free to withdraw or trade their bbSOL at any time during the event.

Overall, bbSOL HODLverse stands out as a hassle-free way to maximize rewards while maintaining full control over your holdings. With no additional requirements beyond holding bbSOL, it offers a flexible and low-risk opportunity for participants to earn LAYER tokens. 

bbSOL HODLverse is a straightforward and rewarding event for Bybit users looking to maximize their crypto holdings. By simply holding bbSOL, participants gain access to a 2,000,000 LAYER prize pool, with no complex staking requirements.

With automatic daily snapshots, effortless participation and seamless reward distribution, bbSOL HODLverse offers you a passive and low-risk way to earn crypto rewards. If you qualify for participation, it’s a great opportunity to grow your portfolio.

bbsol hodlverse.png

How to participate in bbSOL HODLverse

Cardano Spot ETF approval would signal ADA’s integration into mainstream finance, mirroring BTC and ETH's paths. Learn more here.

Grayscale Investments, in its latest bid to expand its crypto-focused portfolio, has filed for a 

 (ETF). Now under the SEC’s review, the proposal has the potential to thrust ADA into the spotlight of mainstream finance. It promises to provide regulated exposure to Cardano’s market value, offering a gateway for traditional investors to tap into the growing cryptocurrency ecosystem. As the SEC reviews the application, investor optimism is rising, and ADA has already experienced notable price surges. 

This article explores how this move could redefine Cardano’s future, connecting the world of decentralized innovation with traditional financial markets and positioning ADA as a key player in the fast-paced digital economy.

A Cardano Spot ETF is an investment vehicle that directly holds Cardano (ADA) tokens and mirrors their market price, empowering investors to capture Cardano’s value without the complexities of buying and managing the cryptocurrency directly

A Cardano Spot ETF would provide direct exposure to Cardano (ADA) by holding the underlying cryptocurrency itself, rather than derivatives or futures contracts, in order to capture ADA’s market performance in a secure, regulated framework. This innovative structure bridges traditional finance with the dynamic ecosystem of digital assets, and would allow investors to tap into Cardano’s potential without managing digital wallets or navigating the complexities of cryptocurrency exchanges.

ADA is the native currency of the Cardano blockchain, one of the largest networks primarily used for 

. Cardano empowers developers to build secure, scalable 

 solutions, and the ADA token facilitates 

 transactions and is used within the network for 

A Cardano Spot ETF would be established as a trust, with a dedicated custodian ensuring the secure storage of ADA tokens. For instance, in Grayscale's proposed Cardano ETF, Coinbase Custody Trust Company, LLC is tasked with safeguarding digital assets. Experienced administrators — in this case, BNY Mellon Asset Servicing — will oversee the fund's day-to-day operations, and handle critical functions such as valuation, accounting and regulatory reporting in order to ensure compliance with industry standards.

The ETF’s value would be meticulously linked to the market price of ADA through an index that aggregates prices from reputable cryptocurrency exchanges, such as Coinbase, Crypto.com, Bitfinex and Kraken.

Upon receiving regulatory approval from the US Securities and Exchange Commission (SEC), shares of the Cardano Spot ETF would be listed on major stock exchanges such as NYSE Arca. This listing will allow investors to buy and sell shares via traditional brokerage accounts, providing a familiar and regulated avenue for cryptocurrency investment. Operating under stringent regulatory oversight, the ETF would ensure transparency, security and adherence to applicable laws, ultimately offering a streamlined and secure method for investors to participate in Cardano’s market movements.

On Feb 10, 2025, Grayscale Investments filed a 

 with the US Securities and Exchange Commission (SEC) to launch a Cardano Spot ETF, aiming to offer investors regulated exposure to ADA. The SEC formally acknowledged this filing on Feb 24, 2025, kicking off a review process that includes a public comment period. The review period allows up to 180 days for an initial decision — though extensions are possible, if the need arises. Historically cautious (due to concerns over market manipulation and investor protection), the SEC’s shifting stance, highlighted by approvals of 

, suggests a potential shift toward a more accommodating regulatory framework. (Polymarket analysts put approval odds at 64%.)

The market response to Grayscale’s proposal has been notably positive, with ADA’s price surging approximately 

 in 24 hours following the announcement, outperforming both BTC and ETH. This upward movement signals confidence in the ETF’s potential to integrate Cardano into traditional financial markets, and also reflects robust investor optimism and heightened institutional interest.

While the SEC’s decision on Grayscale’s Cardano Spot ETF is still pending, the combined effect of progressive regulatory action and favorable market sentiment highlights a promising future for Cardano. This development continues to strengthen the link between conventional financial systems and the innovative world of digital assets, reinforcing ADA’s standing as a leading blockchain asset in an ever-evolving market landscape.

Current impact of Cardano Spot ETF applications on the crypto market

Grayscale’s initiative to launch a Cardano-focused ETF has ignited robust investor interest, with ADA experiencing a substantial price surge that even outpaced major cryptocurrencies Bitcoin and Ethereum. This development reflects heightened optimism about Cardano's integration into mainstream financial products, and also signals a broader acceptance of digital assets within traditional investment frameworks.

At the same time, President Trump’s declaration to establish a US crypto strategic reserve — which notably includes Cardano, among other cryptocurrencies — has further propelled ADA's value, with reported increases 

. This move, aimed at incorporating key digital assets into the nation’s financial infrastructure, provides a robust endorsement of Cardano’s market relevance. 

The interplay between the ETF application and the announcement for a planned crypto strategic reserve has created a synergistic effect: while the ETF filing laid the groundwork for positive sentiment, the governmental initiative amplified investor confidence, culminating in a more pronounced price rally. 

What will it mean if a Cardano Spot ETF application is approved?

The SEC's approval of a Cardano Spot ETF would mark a pivotal moment in the integration of cryptocurrencies into mainstream finance. It would offer enhanced accessibility, liquidity and legitimacy to ADA, while also setting the stage for broader acceptance and development within the digital asset ecosystem.

Looking to capture the market and trade ADA tokens? Bybit offers the 

The potential approval of a Cardano Spot ETF represents a pivotal step toward mainstream legitimacy for ADA, mirroring both Bitcoin and Ethereum’s regulatory milestones. While the SEC’s decision remains pending, heightened investor confidence — evident in ADA’s price surges and institutional interest — signals optimism about Cardano’s integration into traditional finance. Approval would enhance accessibility, liquidity and ecosystem growth, positioning ADA as a competitive blockchain asset. 

Coupled with broader initiatives, such as that for a 

, these developments underscore Cardano’s rising prominence in merging decentralized innovation with regulated financial frameworks.

cardano etf.png

Cardano Spot ETFs: Boosting ADA's ETF market share

Crypto

Investing

Explainers

Understanding how cryptocurrency works is easier than you imagined. Here's what you need to know about cryptocurrency & how to trade crypto.

Cryptocurrency has taken the world by storm, offering a digital alternative to traditional currencies and reshaping the financial landscape. As more people embrace this revolutionary technology, understanding its intricacies becomes crucial for navigating its potential risks and rewards. In this blog post, we’ll unravel the mystery of “what is cryptocurrency” and explore its inner workings, applications, and emerging trends.

At its core, cryptocurrency is a form of digital currency that is decentralized and operates independently of central banks or governments, using encryption for secure transactions. This groundbreaking concept was introduced with the creation of Bitcoin, the first cryptocurrency, in 2008 by the mysterious figure 

. The primary objective of Bitcoin was to provide a form of payment that is not managed or regulated by a central bank, leading to the emergence of the cryptocurrency market.

Cryptocurrencies are constructed using blockchain technology, which offers a secure, transparent, and incorruptible ledger for recording transactions. Blockchain technology ensures that every transaction is verifiable and cannot be tampered with, reducing the risk of fraud. This is different from central bank digital currencies, which are issued and regulated by central banks. Although cryptocurrencies offer enhanced security compared to traditional currencies, they remain susceptible to hacking and may be subject to market volatility and regulatory ambiguity.

Encryption significantly impacts the operations of cryptocurrencies, safeguarding transaction integrity and preserving user privacy. A digital ledger records all cryptocurrency transactions, allowing users to track their digital assets and ensure their accuracy. This transparency is fundamental to the trust and reliability that underpin the entire cryptocurrency ecosystem, making it essential to record transactions accurately.

As cryptocurrency increasingly becomes popular, an increasing number of businesses are starting to accept it as a payment method. Retailers that do not directly accept cryptocurrencies can still enable customers to use them for purchases through cryptocurrency debit cards, such as 

. This increasing acceptance of cryptocurrency in the real world is driving its adoption and expanding its potential applications.

The Role of Blockchain in Cryptocurrencies

Blockchain technology serves as a foundation for cryptocurrencies, offering a secure, transparent, and immutable transaction record. Every transaction within a blockchain is encrypted, confirmed with cryptographic hashes, and added to the distributed ledger, ensuring the information is accurate and cannot be modified. This technology provides several benefits:

 revolutionizes the way transactions are conducted, providing a more efficient and secure method.

One of the key features of blockchain technology is the consensus mechanism, which requires approval from a majority of ledger holders to validate transactions. This ensures that all transactions within the blockchain are verified and accepted by the network, further reinforcing the security and tamper-proof nature of the ledger. The most common consensus mechanisms used in cryptocurrencies are 

Utilizing blockchain technology in cryptocurrencies offers numerous benefits, including:

These advantages have led to the growing adoption of blockchain technology not only in the world of cryptocurrencies but also in various industries and governments.

Blockchain is a distributed ledger system that securely and transparently validates and records transactions. This groundbreaking technology has transformed the manner in which financial transactions are carried out, allowing users to:

The step-by-step process for a blockchain transaction involves:

This process ensures that every transaction is authenticated and validated before being added to the distributed ledger. Consequently, blockchain transactions are extremely secure and dependable, lowering the fraud and tampering risk.

Blockchain achieves its security and reliability through the implementation of:

These features make blockchain an ideal foundation for cryptocurrencies and a wide range of other applications, from supply chain management to voting systems. As the technology continues to mature, its potential to disrupt traditional industries and reshape the global economy becomes increasingly evident.

Cryptocurrency transactions, also known as crypto transactions, entail transferring digital assets, including crypto assets, among users, with verification procedures established to validate their legitimacy and prevent fraud. As these transactions occur on a 

 network, it is crucial to have a mechanism in place to validate and authenticate them, maintaining the integrity of the blockchain and the security of the digital assets involved.

This verification procedure depends on consensus mechanisms such as proof of work and proof of stake, which uphold the blockchain’s integrity and hinder system manipulation by malicious actors. In the next subsection, we’ll delve deeper into these consensus mechanisms and their role in ensuring the security and reliability of cryptocurrency transactions.

In cryptocurrencies, transaction verification is a key element in maintaining the blockchain’s integrity and security. Consensus mechanisms such as proof of work and proof of stake are utilized to confirm transactions, with each validated transaction requiring approval from the majority of ledger holders. These mechanisms ensure that only valid transactions are added to the blockchain, preventing fraudulent activity and maintaining trust in the system.

Proof of work is a consensus algorithm used to verify transactions on a blockchain, wherein an algorithm provides a mathematical problem for computers to solve. The first computer to solve the problem is rewarded with newly minted cryptocurrency, a process known as mining. However, the pursuit of solving these puzzles necessitates the use of considerable computing power and electricity, often leading to environmental concerns and high operational costs for miners.

In contrast, proof of stake is a verification method employed by certain cryptocurrencies to minimize the amount of energy required for transaction validation. It restricts the number of transactions each individual can verify according to the amount of cryptocurrency they are willing to stake. This approach is more efficient than proof of work, resulting in faster transaction verification times and eliminating the need for energy-intensive equation solving.

Comprehending the distinctions between proof of work and proof of stake is crucial for those interested in cryptocurrencies, as it underscores the varied approaches to transaction verification and their respective merits and demerits. As the crypto ecosystem continues to evolve, new consensus mechanisms may emerge, further improving the security, efficiency, and environmental impact of transaction verification.

Popular Cryptocurrencies and Their Unique Features

Several cryptocurrencies have gained popularity and widespread adoption, with Bitcoin, Ethereum, and 

 being some of the most widely used. Each of these cryptocurrencies has unique features and use cases that drive their adoption and value. Bitcoin, for example, is a secure and decentralized currency that serves as a store of value, akin to gold. Its pioneering status and widespread recognition have solidified its position as the most valuable cryptocurrency in the market.

Ethereum, on the other hand, is the cryptocurrency of the Ethereum blockchain, enabling developers to create financial applications without relying on a third-party financial institution. This flexibility and versatility have attracted a large community of developers and users, making Ethereum the second most valuable cryptocurrency. Meanwhile, Litecoin is a cryptocurrency designed to be faster and more efficient than Bitcoin, offering faster transaction times and lower fees.

Cryptocurrencies are typically created through a process known as mining, wherein complex puzzles are solved to authenticate transactions on the network. The owners of computers used for mining can receive newly created cryptocurrency as a reward. This is an incentive to keep them mining. It is essential to understand the differences between coins and tokens within the cryptocurrency market, as they represent distinct types of digital assets. Coins are associated with their own blockchain, while tokens are based on an existing blockchain and may be employed as currency or to signify asset ownership.

As cryptocurrencies continue to become more popular and widely adopted, it becomes more important to understand these digital assets’ unique features and use cases. This knowledge can help users make informed decisions about:

Obtaining cryptocurrency requires buying it through exchanges or through mining. To purchase cryptocurrency, users typically need to set up an account on an exchange, verify their identity, and fund their account through bank transfers, credit cards, or other payment methods. It’s important to take into account possible deposit and withdrawal transaction fees, along with trading fees, which may differ based on the selected payment method and platform.

Selecting a platform to purchase cryptocurrency requires careful consideration of factors such as the available cryptocurrencies, associated fees, security features, storage and withdrawal options, and any educational resources. Popular cryptocurrencies available for purchase include Bitcoin, Ethereum, Dogecoin, Tether, USD Coin, and Uniswap.

Once you’ve obtained cryptocurrency, it’s important to store it in a secure manner. Cryptocurrencies are maintained in digital wallets, which can be either physical devices or online software. These wallets store the private keys associated with your cryptocurrencies, allowing you to store cryptocurrency and manage your digital assets safely in your digital wallet. In the next subsection, we will discuss the differences between hot wallets and cold wallets, as well as their respective advantages and disadvantages.

Hot wallets and cold wallets are the two main methods for 

, each with its own set of pros and cons. Hot wallets are online storage solutions with greater accessibility but a higher risk profile, whereas cold wallets are offline storage solutions that provide enhanced security but less convenience. When choosing a wallet, it is crucial to balance your needs for accessibility and security, as well as to consider the potential risks associated with each storage option.

For example, hot wallets are more vulnerable to hacking and theft due to their online nature, while cold wallets may be more secure but less convenient for frequent transactions. It is also essential to safeguard the private keys associated with your wallet, as losing these keys can result in the loss of your cryptocurrency holdings. By understanding the differences between hot and cold wallets, you can make an informed decision about the most suitable storage solution for your digital assets.

Investing in Cryptocurrency: Risks and Rewards

Investing in cryptocurrency may present potential rewards, but it’s important to be cognizant of the risks tied to market volatility, regulatory uncertainty, and technological challenges. As with any investment, it is crucial to conduct thorough research and consider various factors before diving into the world of cryptocurrencies. Understanding the influence of supply and demand on the value of a cryptocurrency can provide valuable insights into its potential for growth.

Many Bitcoin enthusiasts view it as a significantly improved monetary system compared to our current one and would prefer it to be utilized as a regular form of payment, such as businesses that accept bitcoin. However, investing in cryptocurrency carries a certain degree of risk.

Some factors to consider before investing in less established crypto products include:

It is important to thoroughly research and assess these factors before making any investment decisions.

It is also essential to understand the unique features and use cases of different cryptocurrencies, as this knowledge can help investors make informed decisions about which digital assets to invest in or support. As the cryptocurrency market continues to evolve, new opportunities and challenges will emerge, making it crucial for investors to stay informed and adapt their strategies accordingly.

In sum, investing in cryptocurrency presents potential rewards but also comes with risks due to market volatility, regulatory uncertainty, and technological challenges. By understanding these risks and conducting thorough research, investors can make informed decisions and potentially capitalize on the opportunities presented by this rapidly evolving digital landscape.

Navigating the Crypto Marketplace: Exchanges and Trading Platforms

Crypto exchanges and trading platforms are pivotal in the cryptocurrency ecosystem, enabling the purchase, sale, and trade of digital assets. These platforms offer a range of services and features, including support for various cryptocurrencies, user-friendly interfaces, and advanced trading tools. When selecting a platform, it’s important to take into account the available cryptocurrencies, related fees, security features, storage and withdrawal options, and any educational resources.

One of the most popular cryptocurrency exchanges and trading platforms is Bybit.

Bybit has its own unique features and services, catering to different types of users and investors, it is essential to develop a sound trading strategy and stay informed about the latest market trends and news. By understanding the unique features of each platform and making informed decisions about which cryptocurrencies to trade, investors can navigate the crypto marketplace with greater confidence and success.

Legal and Tax Implications of Cryptocurrency

Cryptocurrency’s legal and tax implications differ greatly from one country to another, with some treating it as legal tender and others taxing it as property or implementing regulations. In the United States, for example, cryptocurrencies are treated as property for taxation purposes, meaning that any gains or losses from trading or using cryptocurrencies are subject to capital gains tax.

It is essential for cryptocurrency users and investors to understand the legal and tax implications of their activities in their respective jurisdictions. This includes knowing:

Understanding these factors can help navigate the complex legal landscape surrounding cryptocurrencies.

Securities, such as stocks and bonds, represent ownership in a public company or debt owed to the bondholder. The classification of cryptocurrencies as securities depends on various factors, including their use cases, the level of centralization, and the rights and obligations conferred to holders. Understanding the legal classification of cryptocurrencies in your jurisdiction is crucial for ensuring compliance with relevant laws and regulations.

By staying informed about the legal and tax implications of cryptocurrency in your jurisdiction, you can avoid potential pitfalls and ensure that your cryptocurrency activities are carried out in a compliant manner. This knowledge is essential for protecting your investments and navigating the complex world of digital currencies.

Real-World Applications of Cryptocurrency

Cryptocurrency has a range of practical uses that go beyond just serving as a speculative investment. One of the most prominent uses of cryptocurrency is for purchasing goods and services from retailers that accept digital currencies as a form of payment. Notable companies that accept cryptocurrency include:

Another significant advantage of cryptocurrency is its ability to facilitate cross-border transactions with greater speed, security, and cost-efficiency compared to traditional banking systems. By utilizing blockchain technology to remove intermediaries and enable direct peer-to-peer transfers, cryptocurrencies can provide a more efficient and accessible means of conducting international transactions. This has the potential to revolutionize global trade, remittances, and financial inclusion for underserved communities.

Cryptocurrency can also play a crucial role in providing financial access to underserved populations by offering an alternative to traditional banking systems. This enables individuals in remote or underserved areas to:

As cryptocurrency adoption continues to grow, its real-world applications and impact on society are likely to expand and evolve, paving the way for a more decentralized and inclusive financial future.

As the crypto ecosystem continues to develop, a number of emerging trends are influencing its future direction and potential influence on the broader economy. One such trend is the rise of 

, which leverages cryptocurrency and blockchain technology to create financial systems that operate without intermediaries like banks or traditional financial institutions. By providing transparency, security, and accessibility to financial transactions, DeFi has the potential to revolutionize the way we conduct business and manage our financial lives.

Another emerging trend in the crypto sphere is the growing popularity of non-fungible tokens (NFTs), which are digital assets that represent the ownership of a unique digital file. Unlike cryptocurrencies, which are fungible and can be exchanged on a one-to-one basis, NFTs are non-fungible and cannot be exchanged in the same manner. The rise of NFTs has sparked a surge of interest in digital art, collectibles, and other unique digital assets, opening up new possibilities for creators, collectors, and investors.

Finally, the increasing adoption of blockchain technology by businesses and governments is another trend shaping the future of the crypto sphere. As more organizations recognize the potential of blockchain to enhance security, efficiency, and transparency, its applications are expanding beyond the realm of cryptocurrencies and into various industries, including:

This widespread adoption of blockchain technology has the potential to transform the way we conduct business, govern, and interact with one another, further solidifying the importance of cryptocurrencies and blockchain in the global economy.

 out there and some new ones on the scene. 

Bitcoin was the first cryptocurrency to be created in 2009 and is the biggest by market cap. It remains the most likely contender to take over the fiat-based centralized monetary systems we see today. You can trade BTCUSD and BTCUSDT perpetual contracts on Bybit.

, the second-largest cryptocurrency by market cap and the most well-known and one of the 

What Is Cryptocurrency? (Cryptocurrency for Dummies)

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