What Are Local Flash Crashes?
For all its innovation, the Bitcoin market can be prone to dramatic price swings. While a healthy market experiences fluctuations, “flash crashes” stand out for their sudden and often inexplicable plunges. Flash crashes were commonplace in the early days of Bitcoin. Still, as markets matured, exchanges became robust platforms offering deep pools of liquidity and, […]
What Are Taproot Swaps?
Bitcoin has become a victim of its success as more people regularly use the network to settle transactions. Bitcoin has a hard limit on the number of transactions it can settle per block, and as demand for the asset increases, the resulting network congestion drives up fees. Increased fees optimise blocks for the transactions that […]
5 Reasons Why Bitcoin Should NOT Be Taxed
Taxing Bitcoin and other cryptocurrencies is a hot topic, but let’s face it, trying to tax something that was born to be rebellious is like trying to put a square peg in a round hole. Primarily, Bitcoin, by its very nature as a decentralized digital currency, falls outside the traditional financial systems. It was designed […]
Can The Lightning Network Be Censored?
The Lightning Network is often heralded as the answer to Bitcoin’s scalability issues, enabling quick, low-cost transactions. Whenever the topic of bringing Bitcoin to more people comes up, especially those in the global south, you’ll hear the “use Lightning” response. I was guilty of it myself, but we have to be honest about the state […]
Common Bitcoin P2P Trading Scams
If you’ve spent any amount of time on Bitcoin Twitter, you’ve probably heard someone ranting and raving about the wonders of P2P Bitcoin trading. They’ll tell you how exchanges are KYC cesspools and how you should rather pay for overpriced Bitcoin from P2P traders; that way, it’s not tied to your identity. This is true, […]
What Is An Automatic Market Maker?
To purchase your first bitcoin, you opt to sign up for the drama that is the bitcoin market; you have to deal with pricing volatility, traders blowing up their accounts, exchanges going bust, and everything in between. It truly is the wild west, and It can take a while to understand how everything works in […]
Bitcoin App: PeerSwap
The Lightning Network (also referred to as Lightning or LN) is a scalability solution built on top of the bitcoin main chain that allows users to send and receive BTC with virtually no fees instantly. Lightning is considered to be an off-chain Layer 2 solution, meaning that transfers are done via a new network of payment channels anchored […]
What Are Exchange Proof Of Reserves?
Despite bitcoin’s peer-to-peer nature and the ability to trade the asset without the need for third parties or custodial escrow, the irony is a majority of bitcoin transactions happen on custodial services such as cryptocurrency exchanges. These exchanges are the platforms where the tradeable bitcoin float resides and is exchanged between various investors settling on […]
What Is Magma by Amboss?
The Lightning Network is a second-layer protocol created to scale bitcoin payments by creating a web of payment channels that settle balances with one another instead of on the bitcoin blockchain. Every payment channel you create is based on a bitcoin UTXO locked up with a hashed time lock contract, and as users create different […]
How To Delete Your CoinFlex Account
As bitcoin continues to monetise, we’ve seen a boom in the number of fintech companies looking to leverage the increased value flowing into the space. One of those platforms launched in 2019 was CoinFLEX a derivatives exchange and yield platform, which offered bitcoiners the chance to earn a yield on their bitcoin. Handing over your […]