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What is Cryptocurrency

What is Cryptocurrency

Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.

Cryptocurrencies are often confused with virtual currencies. Virtual currencies are currencies that are used within virtual worlds, such as Second Life or World of Warcraft. Cryptocurrencies are real-world currencies that are used to purchase goods and services outside of virtual worlds.

Cryptocurrencies are created through a process called mining. Miners are rewarded with cryptocurrencies for verifying and committing transactions to the blockchain. The blockchain is a digital ledger that records all cryptocurrency transactions.

Cryptocurrencies are often used to pay for goods and services online. Bitcoin and Ether are the most popular cryptocurrencies for online payments. Cryptocurrencies can also be used to purchase goods and services offline.

Cryptocurrencies are volatile and can be risky investments. The value of cryptocurrencies can swing sharply up or down in price. Cryptocurrencies are not backed by any government or financial institution and are therefore subject to market speculation.

What is cryptocurrency mining and what is the best cryptocurrency to invest in


Cryptocurrency mining is the process by which new cryptocurrency tokens are created. Miners are rewarded with cryptocurrency tokens for verifying and committing transactions to the blockchain.

The best cryptocurrency to invest in is one that has a solid mining infrastructure and a strong community backing it. Bitcoin is the clear choice for the best cryptocurrency to invest in, as it has the largest blockchain network and the most reliable mining infrastructure. Ethereum is a close second, as it has a well-developed infrastructure and a large community of developers.



Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.

Xrp price prediction 2025

Xrp price prediction 2025

The cryptocurrency market is highly volatile and constantly changing, so what is the future for XRP?

Recently, XRP achieved an all-time high price of $3.84. However, its value has since decreased and is now hovering around $0.35. While this unpredictability makes it difficult to say for certain, here are three possible scenarios for XRP price prediction 2025.

Scenario 1: XRP Value Increases

If XRP maintains its current popularity among investors and continues to grow as a payment platform, its value could potentially reach $10 by 2025. This would make it one of the most valuable cryptocurrencies in the world.

Scenario 2: XRP Value Decreases

If XRP becomes less popular among investors or fails to live up to its potential as a payment platform, its value could decrease to $0.10 by 2025.

Scenario 3: XRP Value Remains Steady

If XRP becomes neither more nor less popular among investors and fails to live up to its potential as a payment platform, its value could remain steady at around $1 by 2025.



It is clear that the price of XRP will continue to rise in the coming years as it becomes more and more popular. While there is no way to predict exactly how much it will increase, it is safe to say that it will be worth a lot more in 2025 than it is today.

Shiba inu coin price prediction 2030

Shiba inu coin price prediction 2030

It is difficult to make a precise prediction for the price of Shiba Inu coins in 2030. However, some factors that could affect the price include the overall popularity of the coin, the number of merchants who accept it as payment, and the supply and demand for the coin.

If the Shiba Inu coin becomes more popular in 2030, its price is likely to increase. The number of merchants who accept it as payment could also contribute to the price increase, as demand for the coin would likely be higher. However, if the popularity of the coin decreases or if the number of merchants who accept it as payment decreases, the price could decrease.

The supply and demand for the Shiba Inu coin could also affect its price. If the demand for the coin is higher than the supply, the price is likely to increase. However, if the supply is higher than the demand, the price is likely to decrease.

Overall, it is difficult to predict the price of the Shiba Inu coin in 2030. However, the factors mentioned above could have an impact on the price.


The shiba inu coin price prediction in 2030 is looking positive, as the popularity of the shiba inu breed continues to grow. The coin is currently worth around $0.10, but is expected to reach a value of $0.50 by 2030. This increase is due to the increasing demand for the shiba inu breed, as well as the continued development of the shiba inu coin.


Avalanche price eyes 30% jump in June with AVAX’s classic bullish reversal pattern


Avalanche’s AVAX token shows signs of continuing its ongoing rebound move as it paints a classic bullish reversal pattern.

AVAX price to $35?

Dubbed a “double bottom,” the pattern appears when the price establishes a support level, rebounds, corrects after finding a resistance level, pulls back toward the previous support and bounces back toward the resistance level to pursue a breakout.

Since May 27, AVAX’s price trends appear like those typically witnessed during the double bottom formation. Specifically, the AVAX/USD pair on the four-hour chart has bounced twice after testing the same support level near $22.25 and now eyes a breakout above its resistance level — also called “neckline” — near $27.50.

AVAX/USD four-hour price chart with “double bottom” setup. Source: TradingView

If AVAX breaks above $27.50 decisively, and preferably in trading volumes, then the upside target would be at length equal to the maximum distance between the double bottom’s support and neckline levels.

That would put the Avalanche token en route toward $35, up 30% from June’s price.

Conflicting bearish scenario

AVAX currently trades almost 82% below its record peak of around $151, established in November 2021. During its correction, the AVAX/USD pair formed multiple consolidation channels but broke out of them to extend its downtrend further, which could spoil the bullish scenario outlined above. 

Zooming out to the daily timeframe, AVAX has been consolidating inside a similar channel since May 2022, fluctuating between falling trendline resistance and horizontal trendline support. When placed together, these trendlines form a “descending triangle,” which traditional analysts consider a continuation pattern.

AVAX/USD daily price chart. Source: TradingView

Therefore, AVAX risks breaking out of the descending triangle in the coming days, with its bias skewed to the downside. Meanwhile, in a “perfect” scenario, the token will fall by as much as the descending triangle’s height, when measured from the breakout point.

Related: The crypto market dropped in May, but June has a silver lining

That puts AVAX’s descending triangle near $13.25, almost 50% below June 6’s price.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

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CertiK shares security tips following third BAYC security compromise in six months


On June 4, the popular nonfungible token, or NFT, project Bored Ape Yacht Club (BAYC) suffered its third security compromise this year. Nearly 142 Ether (ETH) ($250,000) worth of NFTs was stolen after hackers gained access to the Discord account of a BAYC community manager and posted a message with a link to a fake website.

The link advertised a limited-time free-NFT giveaway to users who connected their wallets, which were then drained of NFTs. During two prior occasions in April, hackers breached BAYC’s Discord and Instagram pages and managed to siphon 91 NFTs, worth over $1.3 million at the time of the second attempt, via a phishing link. 

As told by blockchain security firm CertiK, hackers quickly moved stolen funds to obfuscation platform Tornado Cash, making it impossible to trace any further flow of funds on the blockchain. In a statement to Cointelegraph, sources at CertiK explained that however legitimate the project may seem, “NFT holders should also be highly suspicious of anyone claiming to offer free assets, as these can often be phishing attacks.” In addition, CertiK wrote:

“In the case of the June 4th attack, the malicious carbon-copy site had some small differences. Firstly, there were no links to social media sites on the phishing site. There was also an added tab titled “claim free land” and specifically targeted popular NFT projects.”

As a precautionary measure, Certik recommended crypto enthusiasts look for subtle peculiarities on such sites, as they are frequently an indicator of malicious activity. “At the very least, users engaging with such giveaways should always make an effort to confirm the legitimacy of the site by comparing it with a known and confirmed site and looking for any discrepancies,” they concluded.

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Comprehensive ecosystem provides a market-leading variety of options and possibilities


To understand technology adoption, users are encouraged to reflect on history. Looking back at the worldwide web in the mid-1990s, two factors became the lead-up to the world going digital. The first was the ability for users to understand the problems the internet could solve, and the second was the ease at which the mass market felt their transition from the old to the new was supported. Under these two factors, the world saw the internet go from a promising opportunity to the foundation of society and business today.

In many respects, blockchain has demonstrated many similarities to the path of the internet. Being that the technology is only at the early stages of this process, many are seeing the birth and maturation of supportive infrastructure simplifying the process of transacting with digital currencies while also extending available use cases, a stepping stone for what is to come.

The market’s growth is now being reflected in platforms like, which have proven to demonstrate both of these attributes as they continue to support blockchain adoption. originally started out as a trading platform for users to trade securely. Fast forward nine years, the exchange now offers over 1400 cryptocurrencies and exceeds $10 billion in daily trading volume for its 10 million users worldwide.

The platform has demonstrated significant maturity based on exchange functionality alone since its inception. With a well-rounded offering already under the team’s belt, it comes without surprise that the focus is shifting to further building out the ecological map of Together, these integrations have resulted in a comprehensive offering (ecosystem) of digital assets, which provides users with wider options and more possibilities than many other platforms today.

Extending its functionality horizontally, we see’s focus transition horizontally to cover their other products based on GateChain. GateChain exists as a blockchain dedicated to funding safety and decentralized exchange, acting as the foundation for a complete decentralized finance (DeFi) ecosystem. Here, users can explore DeFi and experience products, including GateToken (GT), HipoDeFi, Ventures, Labs, Grants, and NFT Magic Box, among other contents.

An ecosystem primed for maturity

GT is a tradable currency exclusively for the platform and is the native token of the GateChain public network, a foundation for the rest of the ecosystem’s products.

Looking closer at some of the products, HipoDeFi has become known as a one-stop-shop for all of a user’s DeFi needs. The platform brings together real-time data on every DeFi project, allowing users to compare exchange radios, interest rates and loans as a gateway to new investment opportunities, which can be accessed through a fast & user-friendly interface. Replicating traditional finance use cases, HipoDeFi supports popular deposit and loan projects, asset management, and a project calendar to help users track upcoming projects in real time. is met with Gate Ventures, the venture capital arm that focuses on investments in decentralized infrastructure, ecosystems, and applications to redefine social and financial interactions on the investment front. For long-term investors, has provided support in product development, scaling and continuous growth for these companies. In further support of new project ideas, Gate Grants are also available as $10K-$100K free R&D funds to support every creative idea and project.

More insights on here

By joining NFT’s Magic Box, combined with the GateChain protocol, users are presented with a high-performance trading platform. Within it, NFT creators are given a chance to gain maximum exposure, in addition to a copyright value stimulus.

Nine years and counting

As users find secure and stable products that replicate use cases in traditional finance, it is only time before mass adoption ensues. The platform has proven this growth by announcing its ninth anniversary, with features including the official Lite APP, Mini APP and GameFi. 

Together, ecosystems such as this one are said to continue providing the bridge users need from digital to decentralized.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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Hong Kong’s Securities and Futures Commission warn of nonfungible token risks


On Monday, Hong Kong’s Securities and Futures Commission (SFC) released a statement warning investors about the risks of nonfungible tokens, or NFTs, which have soared in popularity in recent years. The regulatory body wrote: 

“As with other virtual assets, NFTs are exposed to heightened risks, including illiquid secondary markets, volatility, opaque pricing, hacking and fraud. Investors should be mindful of these risks, and if they cannot fully understand them and bear the potential losses, they should not invest in NFTs.”

However, it appears that the SFC’s specific concern lies in the securitization of NFTs. “The majority of NFTs observed by the SFC are intended to represent a unique copy of an underlying asset such as a digital image, artwork, music or video,” which do not require regulation by the SFC.

But assets that push the boundary between collectibles and financial assets, such as fractionalized or fungible NFTs structured as securities or collective investment schemes (CIS) in NFTs, do fall under the SFC’s mandate. The solicitation of Hong Kong residents by companies engaged in these activities require the issuer to obtain a license from the SFC unless an exemption applies.

CIS has recently gained traction as they present a plausible solution for individual investors to obtain fractional ownership of real-life collectibles that would be otherwise too cost-prohibitive for any single party. Yet, questions persist as to whether such investment structures constitute securitization.

One recent effort launched by the Royal Museum of Fine Arts Antwerp (KMSKA) to tokenize a million-euro classic painting on the blockchain was conducted via debt securitization. The venture met regulatory requirements via the aid of blockchain entities Rubey and Tokeny.

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How adoption is changing crypto company structures


Crypto-focused companies have come a long way since their beginnings in terms of corporate structure, employee motivation, decision-making systems, compliance and other aspects of their operations. While the early 2010s saw startups founded by small groups of crypto enthusiasts, the space has since grown to become home to large institutional businesses.

Still, crypto companies are engaged in business, and business is alien to anarchy. The rapid growth of the cryptocurrency industry in the 2010s transformed small, independent businesses into huge conglomerates with thousands of employees and offices worldwide. Investment funds and professional investors own shares of them, many have functioning boards of directors, and their corporate structures have dozens of departments and divisions. But does all this bureaucracy destroy the very philosophy of cryptocurrency?

Like any other company, most cryptocurrency businesses got their start when their founders came up with the idea to launch a business. The difference, however, is that crypto is not only a new form of finance but also has an ideological foundation that combines the spirit of decentralization, freedom and anonymity. Over the last decade, cryptocurrencies have challenged traditional fiat currencies and rejected many of the rules of the financial world, causing confusion in the measured life of the global investment industry.

From the very beginning

The cryptocurrency exchange Huobi was founded by two co-founders, Du Jun and Leon Li, in September 2013. By November 2013, Huobi had already reached a Bitcoin (BTC) transaction volume of 1 billion yuan (around $6 billion at the time) and began receiving funding from prominent investors. In its first year of existence, Huobi’s headcount grew to exceed 100 people, and the exchange now counts more than 2,000 employees in its corporate structure. It has rapidly transformed from a cryptocurrency startup to a large company with a multibillion-dollar turnover. Institutional investors such as Chinese venture fund Zhen Fund and Sequoia Capital bought stakes in Huobi back in 2013 and 2014, respectively.

1inch Network, another exchange, was founded at the ETHNewYork hackathon in May 2019 by Sergej Kunz and Anton Bukov, engineers with many years of software development experience. Today, 1inch is a decentralized network of over 100 contributors distributed all over the world. From what can be gathered, the company does not have an office, and employees can work from anywhere in the world. Nevertheless, it has a corporate structure, as well as funding from Binance Labs that it received in August 2020.

Corporate colors

In 2014, Frederic Laloux’s book Reinventing Organizations was published. It was the result of a three-year study of 12 companies (including Patagonia, Zappos and Sounds True) that promoted unconventional management practices and principles. In the book, Laloux identifies five types of companies, which he categorizes according to their form of corporate governance: red, orange, yellow, green and teal. According to the author, teal companies represent the highest form of organization. They are characterized by the absence of a hierarchical structure, maximum transparency and employees’ great freedom to make decisions and express their opinions.

Recent: A life after crime: What happens to crypto seized in criminal investigations?

Unfortunately, Laloux did not study financial organizations, much less financial startups, so there is no information in his book about which color cryptocurrency companies could be classified as. Nevertheless, an executive at Huobi and a founder of 1inch told Cointelegraph that they consider their companies to be teal.

Describing Laloux’s theory of the evolution of organizations, Jeff Mei, director of global strategy at Huobi Global, told Cointelegraph that teal represents the final stage, characterized by “complex adaptive systems with distributed authority, often structured as decentralized, self-managed teams or networks.” In this stage, “static pyramidal hierarchies give way to fluid natural hierarchies, where power shifts to the people with the most experience, passion or interest.”

Source: Readingraphics

Mei said that this description “coincides with Huobi’s core beliefs as well as the underlying values of blockchain itself.”

1inch co-founder Bukov told Cointelegraph he believes that his company’s efforts “to create a ‘teal organization’ are not only successful but also quite sustainable in the long term. While a corporate hierarchy may work for some companies, it is not very suitable for decentralized finance projects. In fact, the less hierarchical the project structure, the better.” He added:

“But consistency between different teams is vital to make sure they are on the same page. Adherence to rules is absolutely normal for DeFi projects, and freedom should by no means mean breaking laws. Freedom and decentralization remain core values of 1inch Network, no matter the size of the project. Our teams enjoy a high degree of independence, and if, for example, a team doesn’t think an idea is promising and worth pursuing, it will be debated until a consensus is reached.”

Freedom or compliance?

The ideology of blockchain and cryptocurrencies — expressed in decentralization, freedom and anonymity — has recently been tested and even questioned by some cryptocurrency companies. 

Mei said that “Thanks to numerous regulations by governments around the world, as well as security breaches and even coin crashes, we have concluded in 2022 that cryptocurrency as an asset needs some form of regulation to serve as an anchor and bottom line for protection.”

He added that “A degree of compliance and regulation is necessary for cryptocurrency as an asset class to become generally accepted, but the nature of blockchain technology should always allow for a degree of autonomy and decentralization. These two contrasting ideologies must coexist to some degree.”

Recent: Crypto 401(k): Sound financial planning or gambling with the future?

According to Mei, exchanges like Huobi operate on a spectrum where decentralization and compliance already coexist: “Transparency and accountability must remain in certain aspects of traditional corporate structures, but we can learn from the spirit of pooled contribution and collaboration. A system with a more secure, efficient distribution of work and information is beneficial in both the blockchain world and the corporate structure.”

Teal or red future

The cryptocurrency industry has developed rapidly in recent years, and this will only continue. Many companies operating in the cryptocurrency market declare a commitment to the values characteristic of “teal” organizations. Of course, as cryptocurrency companies proliferate and become institutionalized investment businesses, corporate governance practices will change as well. Striving for openness, self-governance and consensus may face tough regulatory requirements, competitive pressures and other external challenges.

Will cryptocurrency companies be able to stay true to the original values of the industry, or will they be forced to become more centralized and “red”? Time will tell. For now, however, Huobi’s and 1inch’s representatives are optimistic. A curious fact: During Huobi’s recent brand refresh, its official colors took on a new teal and green hue. One can only hope that moving forward, the company will be able to keep these colors as an element of their governance, not only their logo.