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2025-09-12 ·  2 months ago
0 0353
  • What Is Shibarium? A Guide to Shiba Inu's Layer 2 Blockchain

    For the Shiba Inu ecosystem to evolve beyond a simple token, it faced a major roadblock: the limitations of its home, the Ethereum blockchain. While secure, Ethereum can be slow and expensive, making it difficult to build high-speed games, DeFi applications, or mint affordable NFTs.


    The community needed a solution. They needed their own high-speed highway. That highway is Shibarium.


    In this guide, we'll explain what the Shibarium blockchain is, how this Shiba Inu Layer 2 works, and why it's a critical step in the project's long-term vision.


    What is a Layer 2 Blockchain

    Shibarium is a Layer 2 (L2) blockchain built on top of the Ethereum network. The easiest way to understand this is to think of Ethereum as a main highway that is often congested with traffic. A Layer 2 solution like Shibarium acts as a fast, efficient express lane built alongside the main highway. It processes transactions on its own chain, and then bundles them up to send back to the main Ethereum network for final settlement, inheriting its security.


    The Problems Shibarium Solves

    The primary purpose of Shibarium is to dramatically improve the user experience within the Shiba Inu ecosystem. The most significant advantage is the drastic reduction in transaction costs, often called gas fees. This makes small transactions, which are essential for things like gaming and decentralized applications, economically viable. Another key benefit is increased transaction speed, providing near instant confirmations instead of the potentially long waits on the main Ethereum network.


    The Role of the BONE Token

    To power this new network, Shibarium uses the BONE token as its native gas token. Every transaction that occurs on the Shibarium blockchain, from a simple token transfer to a complex smart contract interaction, requires a small amount of BONE to be paid as a fee. This creates a fundamental utility for the BONE token, as its demand is directly linked to the amount of activity and adoption that Shibarium achieves.


    [To learn more about the fuel for this network, read our full guide: What Is BONE Coin?]


    Impact on the Shiba Inu Ecosystem

    By providing a faster and cheaper environment, Shibarium aims to transform Shiba Inu from a meme coin into a comprehensive, decentralized ecosystem. It opens the door for the development of a wide range of applications, including decentralized exchanges (DEXs), blockchain based games, metaverse projects, and other DeFi protocols. This infrastructure is designed to attract developers and users, fostering a self sustaining economy built around the SHIB, LEASH, and BONE tokens.



    Ready to explore the engine of the Shiba Inu ecosystem? You can acquire the BONE token on the BYDFi spot market.

    2025-09-17 ·  2 months ago
    0 0207
  • What Is Ergo (ERG)? A Deep Dive Into This PoW Smart Contract Platform

    In a crypto market often dominated by hype and fleeting trends, some projects choose a different path. They focus on rigorous research, robust technology, and building a sustainable foundation for the long term.


    One of the most prominent projects in this category is Ergo (ERG).


    If you're digging deeper into the crypto space looking for projects with real substance, this guide is for you. We'll explore what Ergo is, what makes its technology unique, and why it has earned a reputation as a "thinking person's" blockchain.


    What Is Ergo? Bitcoin's Security Meets Ethereum's Functionality

    At its core, Ergo is a next-generation smart contract platform. But unlike most modern platforms that use Proof-of-Stake, Ergo is built on a Proof-of-Work (PoW) consensus mechanism, the same battle-tested model that secures Bitcoin.


    This is Ergo's foundational idea: to combine the unmatched security and fair distribution of a PoW system with the advanced, expressive smart contract capabilities of a platform like Ethereum.


    The Key Features That Make Ergo Stand Out

    Ergo isn't just another smart contract platform. Its design includes several key innovations that set it apart.


    1. The eUTXO Model (The Cardano Connection)

    Ergo was co-founded by a former research fellow from IOHK, the company behind Cardano. It's no surprise, then, that Ergo utilizes the
    extended UTXO (eUTXO) accounting model.

    • What it means: This model allows for more secure, predictable, and scalable smart contracts compared to the account model used by Ethereum. It makes complex financial transactions easier to execute safely on the blockchain.


    2. ASIC Resistance (A Miner's Friend)

    Ergo is committed to keeping its mining decentralized. It uses a unique PoW algorithm called
    Autolykos2, which is memory-hard and specifically designed to be resistant to ASICs (specialized mining hardware).

    • Why it matters: This ensures that everyday people can still mine ERG profitably with consumer-grade GPUs, preventing the centralization of mining power that has occurred in other networks.


    3. A "Fair Launch" Philosophy

    This is a core part of the Ergo ethos. Ergo had:

    • No Initial Coin Offering (ICO): The project was not funded by selling tokens to early investors.
    • No Pre-Mine: The founding team did not allocate a large portion of the tokens to themselves before the project went live.

    The entire supply of ERG is being released to the community through mining, ensuring a fair and decentralized distribution.


    4. Storage Rent

    To combat the problem of "blockchain bloat" from lost or abandoned data, Ergo has a unique feature. If a UTXO (a piece of crypto) remains dormant for four years, a small "storage rent" fee is charged. This ensures the blockchain remains lean and efficient over the long term.


    The Investment Thesis for Ergo


    A Word of Caution: It's important to be realistic. Ergo is a smaller project operating in the highly competitive smart contract space. While its technology is respected, it faces significant challenges in gaining the widespread adoption and network effect of giants like Ethereum. It represents a higher-risk, but potentially higher-reward, investment based on its fundamental strengths.


    Your Next Step

    Ergo is a project for those who value deep technology and a commitment to the original principles of cryptocurrency. It's a bet on substance over speculation.


    Ready to add a project with strong technical foundations to your portfolio? You can start acquiring ERG and be part of this innovative ecosystem.

    2025-09-30 ·  a month ago
    0 0137
  • Day Trading Cryptocurrency: Everything You Need to Know

    The Reasons Behind the Popularity of Crypto Day Trading

    One of the most exciting ways to earn money online in recent years has been day trading cryptocurrencies. Perhaps you've looked up "day trading cryptocurrency  online or are unsure of where to begin.  The daily price fluctuations and the fact that cryptocurrency never sleeps entice millions of traders to this market. There is no closing bell, in contrast to conventional stocks. The market is open around-the-clock, providing traders with opportunities whenever they arise.



    Comprehending Day Trading

    It can feel like a jungle without a map when you dive into cryptocurrency day trading without any planning. While some people lose their footing in the confusion, others hit gold fast. Buying and selling cryptocurrencies on the same day in order to profit from transient price changes is known as day trading. Day traders, as opposed to long-term investors, thrive on volatility and seek to profit from abrupt increases or decreases in the value of altcoins such as Solana, Ethereum, or Bitcoin. Buying low, selling high, and repeating are the straightforward objectives.



    Why Crypto Is Better Than Traditional Markets

    Traditional markets cannot match the flexibility and opportunities that cryptocurrency offers. Trading is possible in any time zone due to its 24/7 nature. Because of the high volatility, there are substantial risks as well as possible rewards. Since many platforms accept deposits as low as $100, you don't need a lot of money to get started. Because cryptocurrency is worldwide, you can trade from any location, including your home in Tokyo, a train station in London, or a café in New York.



    Making the Correct Trade

    Your trading experience can be made or broken by your choice of exchange. Because of their extensive altcoin selection and affordable fees, platforms such as Binance are well-liked by seasoned traders. Although Coinbase Pro is beginner-friendly, its higher fees make it less suitable for high-volume trading, while Kraken stands out in the U.S. market for its security and regulatory compliance. But BYDFi provides a well-rounded answer. With its sophisticated charting tools, leverage options, and quick execution, it is both professional and beginner-friendly. Because of BYDFi's accessibility, speed, and coin variety, small traders frequently switch to it.



    Formulating Your Plan

    Having a strategy that works for you is essential to day trading success. In order to profit from small price movements, some traders prefer scalping, which involves making numerous small trades. Others engage in momentum trading, riding coins that are rising rapidly as a result of social sentiment or news. Beginners, on the other hand, frequently favor range trading since it allows them to learn market behavior without taking on undue risk. They buy at support levels and sell at resistance levels. The charting tools and real-time data required to successfully execute these strategies are offered by platforms such as BYDFi, Binance, and Kraken.



    Overcoming Obstacles

    There are challenges associated with day trading. Emotional trading can result in losses, high fees can reduce profits, and market volatility can be debilitating. Selecting the appropriate platform lowers expenses, establishing distinct entry and exit points helps prevent emotional errors, and concentrating on one or two coins enables you to spot trends before expanding. New traders can gain confidence before investing capital by using BYDFi's demo accounts, which are especially helpful for practicing without risking real money.



    Advice for Novices

    Begin modestly. Start with $100 to $500 and put more of an emphasis on learning than making large sums of money. Use free online resources, keep a journal of your trades, and watch how markets respond to news. You can practice without risking real money with demo accounts on sites like BYDFi, which is great for honing your skills and discipline.



    Your Road to Achievement

    Because cryptocurrency offers a unique combination of risk and opportunity, day trading is an exciting activity. It's not a quick-money scheme; it takes time, self-control, and the ability to learn from mistakes. You can position yourself for success by picking the best platform, whether it's BYDFi for cheap fees for security, or Kraken for the ideal ratio of user-friendly design to expert features. The road to becoming an expert in cryptocurrency day trading becomes exciting and attainable when you combine that with a well-defined plan and ongoing education.

    2025-09-18 ·  2 months ago
    0 0154
  • What Is Liquid Staking? Unlocking Flexibility and Rewards in Crypto

    Liquid staking is quickly becoming a popular way for crypto investors to earn rewards while keeping their assets flexible. If you’re new to the concept and wondering what is liquid staking in crypto or how does liquid staking work, we will explain it in simple terms and show why it’s gaining traction in the blockchain world.


    At its core, liquid staking allows you to stake your tokens on Proof of Stake (PoS) blockchains to help secure the network and earn rewards, but without locking your assets completely. Traditional staking usually requires you to lock your tokens for a set period, during which you cannot access or use them. Liquid staking changes that by issuing you a special token—often called a liquid staking token—that represents your staked assets plus the rewards you earn. This token is tradable and can be used in other decentralized finance (DeFi) applications, giving you the freedom to keep your funds working in multiple ways.


    For example, if you stake Ethereum through a liquid staking protocol like Ankr liquid staking or STRX Finance’s liquid staking platform, you receive a liquid staking token such as stETH. This token can be traded, lent, or used as collateral while your original ETH remains staked and earning rewards on the Ethereum network. This dual benefit of earning staking rewards while maintaining liquidity is what makes liquid staking so appealing.


    Liquid staking is important because it solves a major problem in crypto investing: the trade-off between earning rewards and having access to your assets. By unlocking liquidity, investors can participate in other financial opportunities without missing out on staking yields. This efficient use of capital helps maximize returns and keeps the crypto ecosystem dynamic.


    Several major cryptocurrencies support liquid staking, especially those that run on PoS consensus mechanisms. Ethereum, after its transition to PoS known as “The Merge,” has seen rapid growth in liquid staking tokens. Polkadot, Cardano, Avalanche, and Cosmos are other networks where liquid staking is gaining popularity, offering users more flexibility and options.


    However, like any investment, liquid staking carries risks. Validators who manage the staked tokens might be penalized for misbehavior, which can affect your holdings. Smart contract vulnerabilities in liquid staking protocols also pose potential threats. Additionally, large liquid staking providers could centralize power in the network, which some critics warn against. Finally, evolving regulations around crypto could impact how liquid staking operates in the future.


    If you’re interested in getting started with liquid staking, platforms like Crypto.com provide user-friendly options. For instance, Crypto.com’s liquid staking service allows you to stake ETH and receive CDCETH tokens, which you can trade or use in DeFi while still earning staking rewards. Before diving in, it’s wise to research the platform’s security, fees, and terms, and to consider your own risk tolerance.


    In summary, liquid staking is reshaping how crypto investors earn rewards by combining the benefits of staking with the flexibility of liquid assets. It’s a powerful tool that can help you maximize your crypto portfolio’s potential without sacrificing access to your funds. To learn more about liquid staking and smart crypto investing, check out BYDFi’s beginner tutorials and start making your assets work smarter today.

    2025-07-07 ·  4 months ago
    0 0135
  • Is Hive Blockchain a Good Investment ? The Shocking Truth

    HIVE Stock Alert: Is This Crypto Miner's 100% Surge a Trap or Your Ticket to 2025 Riches?

    Whether you’ve been glued to NASDAQ charts for years or you’re just dipping your toes into the wild world of crypto stocks, chances are you’ve come across HIVE stock in your late-night scrolling. Maybe you’ve even whispered to yourself,  Is Hive blockchain a good investment?  or feverishly Googled  Hive stock price prediction 2025  because Bitcoin has been on a tear, and you don’t want to miss the boat.


    Believe me, I get it. In a market where a single tweet from Elon Musk can swing prices by 20%, separating hype from real opportunity is tough. As someone who’s been knee-deep in blockchain for years, I want to cut through the noise and help you understand whether HIVE Digital Technologies Ltd. (NASDAQ: HIVE) is a stock to watch—or a trap dressed as opportunity. Spoiler: It could be the undervalued gem you’ve been hunting, but only if you play it smart.  





    What Exactly Is HIVE Stock? Understanding the Difference Between Hive Blockchain and Hive Stock

    The Hive blockchain is a forked-off version of Steem, using a delegated proof-of-stake (DPoS) system. It focuses on fee-less transactions, social dApps like Splinterlands, and rewards for content creators. Its native token, HIVE, trades around $0.20 today with a market cap of roughly $99 million. It’s solid for Web3 enthusiasts, but it’s not the rocket ship most traders are chasing.


    Now, let’s talk about HIVE Digital Technologies Ltd., the actual  HIVE stock.  Based in Vancouver but now headquartered in Texas, this company isn’t just riding the blockchain wave—they’re deep into Bitcoin mining. Formerly HIVE Blockchain Technologies, the firm rebranded in 2023 to highlight a broader focus beyond crypto mining into high-performance computing (HPC) and AI cloud services.


    Imagine this: data centers powered entirely by renewable energy, spread across Canada, Sweden, Iceland, and Paraguay, mining Bitcoin while renting GPU power to AI startups. It’s like owning a solar-powered factory that prints money when BTC surges and pivots to the booming AI industry when crypto prices dip.


    Why does this matter? For U.S.-based investors trading in USD on platforms like Robinhood, E*TRADE, or even BYDFi, HIVE offers easy exposure to blockchain without the need for a crypto wallet. Canadian or European investors also benefit from its dual listing on TSX Venture (HIVE.V), offering flexibility against currency fluctuations. And beginners? HIVE’s low entry price (around $3.88 as of mid-September 2025) lets you start small without risking your entire portfolio.

    But is it really a good investment? Let’s dig deeper.




    Hive Stock Price Prediction 2025: Bullish Forecasts or Bitcoin Bubble?

    Here’s the heart of the matter—HIVE’s numbers. As of September 18, 2025, the stock is hovering at $3.88, up 25.57% year-to-date but below its 52-week high of $5.54.

    The journey has been volatile: a 196% gain in 2023, a -35% dip in 2024, and now a recovery fueled by Bitcoin surging past $60K. Trading volumes have spiked, with 168 million shares traded in the past five days, showing genuine interest from investors.

    Analysts are bullish but measured. Here’s a breakdown of 2025 predictions from top sources:

    Short-term watchers might note WalletInvestor predicts a dip to $3.66 CAD (~$2.70 USD) in two weeks—but that’s just crypto volatility in action.

    Long-tail searches like  Hive stock price prediction  often point to Bitcoin halvings and ETF inflows. If BTC hits $100K by year-end (a plausible scenario post-election), HIVE could easily double. But be ready: the stock shows 16% monthly volatility, so fasten your seatbelt.



    Is Hive Blockchain a Good Investment? The Pros

    Here’s the real deal: HIVE offers exposure to two booming sectors simultaneously—Bitcoin and AI. That’s rare. They’re producing Bitcoin sustainably (100% renewable energy), which attracts institutional investors sensitive to ESG issues. HPC revenue has tripled to 10% of total quarterly revenue ($29.2M), with AI run-rate expected to reach $100M by year-end.


    Partnerships, like Bell Canada for AI cloud services, give HIVE an edge over pure miners. They’re not just relying on Bitcoin; they’re positioning themselves in AI and green energy.

    Some highlights:

    1- Bitcoin Production: 22% increase in August (247 BTC mined), total holdings at 2,805 BTC worth ~$260M.

    2- AI Wildcard: GPU hosting for AI firms, with 85% YoY HPC growth, and margins expected to hit 50% by 2026.

    3- Debt-Free: Current ratio 3.7, no debt, plenty of liquidity for expansion.

    4- Analyst Support: 56% Strong Buy rating; Canaccord targets $10.

    5- Global Reach: Strategic sale of Paraguay site to Bitfarms to focus on Iceland and other renewable sites.

    For traders ready to take action, consider allocating 5–10% of your portfolio, using limit orders to catch dips below $3.50. Platforms like BYDFi offer secure, user-friendly access to HIVE for international investors.



    The Cons: Why HIVE Could Sting

    Of course, nothing comes without risk. HIVE is volatile. Recent drops were triggered by U.S. tariffs, causing 5–8% daily swings. Q4 earnings might underperform, especially if Bitcoin mining difficulty rises, impacting profitability.

    Other concerns:

    1- Regulatory Risks: EU’s MiCA rules and potential SEC crackdowns.

    2- Profit Margins: -2.6% net, -33% gross. Mining is expensive.

    3- BTC Dependence: A crypto winter could freeze revenues.

    4- Dilution Risk: $200M ATM program could flood shares.

    5- Volatility: Monthly swings of 16%; 52-week low at $2.18 still lingers.



    Making the Call: Should You Invest in HIVE Stock Now?

    Information overload? That’s intentional. You need to understand the full picture before acting.

    If you’re bullish on BTC and AI, and can stomach temporary drops of 20%+, HIVE looks promising. Analysts see potential for $7+ by end of 2025, translating to 80%+ returns if Bitcoin keeps climbing. But don’t forget risk management—set stop-losses around $3.20, diversify with ETFs, and don’t overextend.

    For international investors, platforms like BYDFi make it easier to buy and track HIVE, combining crypto and stock exposure in a single, regulated environment.

    Bottom line: HIVE is exciting, but it’s not for the faint-hearted. If you’re risk-averse, conservative, or planning for retirement, take the warnings seriously. For aggressive investors seeking the convergence of blockchain, renewable energy, and AI, this could be your ticket to 2025 gains—just proceed smartly.

    2025-09-23 ·  a month ago
    0 0128
  • What Is a Crypto Airdrop? A Guide to Finding Them Safely

    You’ve probably heard the stories. A user who tried out a new decentralized exchange early on suddenly receives thousands of dollars worth of tokens for free in their wallet. It sounds like a myth, but it's a very real and powerful part of the crypto ecosystem known as an airdrop.


    But what exactly is an airdrop? Is it really "free money"? And how do you find these opportunities without falling for a scam? As your guide, I'll walk you through everything you need to know about the exciting world of airdrop hunting.


    What is a crypto airdrop?

    In the simplest terms, a crypto airdrop is a marketing strategy where a project sends free tokens directly to the wallets of users. Think of it like a new beverage company giving out free samples at a supermarket to generate buzz and attract new customers. In the crypto world, a project gives away its own tokens to build a community and encourage the use of its platform.


    Why Do Projects Do Airdrops?

    This isn't just charity. Airdrops are a strategic tool with several key goals. A project might issue an airdrop to reward its earliest and most loyal users, helping to create a dedicated community from day one. It's also a powerful way to decentralize the ownership of the new token, distributing it into the hands of many different users instead of concentrating it among a few early investors. This wide distribution is crucial for the long-term health of a decentralized network.


    How Do You Qualify for an Airdrop?

    There is no single method, but most major airdrops in the past have rewarded users for being active and early participants in a new ecosystem. Common qualifying activities include:

    • Using a New Protocol: Interacting with a new decentralized exchange (DEX), a lending platform, or a blockchain bridge before it has its own token.
    • Holding a Specific NFT: Some projects airdrop tokens to everyone who owns a particular NFT from a popular collection.
    • Participating in a Testnet: Helping a project test its platform before the official launch.
    • Staking a Specific Coin: Staking coins like ATOM or TIA in the Cosmos ecosystem often makes you eligible for airdrops from new projects building in that network.


    The core idea is to be an active, curious user of new technologies. The goal of the project is to reward the people who helped bring their network to life.


    The Golden Rule: How to Avoid Airdrop Scams

    This is the most important section of this guide. Because airdrops involve "free money," they are a massive target for scammers. You must be extremely cautious.

    • NEVER Share Your Private Keys: No legitimate airdrop will ever ask for your private keys or your wallet's seed phrase. If they do, it is a 100% scam.
    • NEVER Send Crypto to Receive Crypto: You should never have to send money to claim an airdrop. The tokens are sent to you. Any request for a "fee" or "verification payment" is a scam.
    • BEWARE of Random Tokens: Scammers will sometimes airdrop a worthless, malicious token to your wallet. If you try to trade it on a shady DEX, it can trigger a malicious smart contract that drains your wallet. If you see a token you don't recognize, it's best to simply ignore it.
    • TRUST Official Sources Only: Always get your information from a project's official Twitter account, Discord server, and website. Do not trust random DMs or unverified links.


    The Verdict: A Real Opportunity with Real Risks

    Airdrop hunting can be a rewarding way to discover new projects and be compensated for your early participation. However, it requires work, patience, and a constant state of high alert. The most successful airdrop hunters are genuine explorers of the Web3 space.


    Your journey into airdrop hunting often begins with having the right foundational assets, like Ethereum (ETH) or Solana (SOL), to pay for transaction fees as you explore new protocols.


    Ready to start your journey of exploration? Acquire the essential assets you need in a secure and liquid environment on the BYDFi spot market.

    2025-10-11 ·  24 days ago
    0 074
  • XRP Price Today: A Trader's Analysis of Key Market Drivers

    When you look at the XRP/USDT price chart, you're only seeing a fraction of the story. Unlike many other cryptocurrencies driven by ecosystem growth or technical upgrades, XRP's value is uniquely tied to a powerful, years-long external narrative.


    You're here because you want to know how much is XRP, but to trade it effectively, you need to understand why it moves.


    As your market analyst, I'll provide you with the live price access you need, and then we'll dive deeper into the critical factors that every XRP trader must watch.


    The XRP Price Today

    The XRP price is determined by real-time buying and selling on global exchanges. For the most current, live XRP price in USD, a professional chart is your best source.

    [View the live XRP/USDT price chart on BYDFi]


    Now, let's explore the forces that are shaping that chart.


    Quick Primer: What is XRP?

    XRP is the native digital asset of the XRP Ledger, a decentralized blockchain technology created by Ripple Labs. Its primary design purpose is to facilitate fast, low-cost international payments and cross-border settlements. Think of it as a "bridge currency" designed to be more efficient than the traditional banking system.


    The Key Drivers of the XRP Price

    To understand the XRP price, you must pay closer attention to legal documents and news headlines than you do for almost any other crypto asset.

    Your Trading Strategy

    As a trader, this means your analysis of XRP must be multi-layered. You can't just rely on technical indicators on a chart. You must also act as a legal analyst, constantly gauging sentiment around the SEC case.


    Want to trade the XRP market with a deeper understanding? Access the live XRP/USDT chart and professional trading tools on BYDFi.

    2025-09-02 ·  2 months ago
    0 0181
  • What Is Gemini? A Security-Focused Crypto Exchange

    In the often-turbulent world of cryptocurrency, one exchange has consistently built its brand on two words: security and regulation. That exchange is Gemini.


    Founded in 2014 by the famous entrepreneurs Cameron and Tyler Winklevoss, Gemini was created to be a bridge between the traditional financial world and the new frontier of digital assets. It's an exchange designed to make institutions and cautious investors feel safe.


    But what exactly is the Gemini crypto platform, and what makes it different from the rest? This guide will provide a balanced review of its strengths and weaknesses.


    The Core Philosophy: "Trust Is Our Product"

    From day one, Gemini's strategy has been to work with regulators, not against them. Their defining feature is their status as a New York trust company, which means they are regulated by the New York State Department of Financial Services (NYDFS)—one of the most stringent financial regulators in the United States.


    This "regulation-first" approach is their key differentiator and the primary reason they are trusted by large institutions.


    Key Features of the Gemini Platform

    Gemini offers a suite of products aimed at different types of users:

    • Gemini Exchange: A user-friendly platform for buying, selling, and storing a range of cryptocurrencies.
    • Gemini Custody™: A high-security, institutional-grade solution for storing large amounts of crypto offline in cold storage.
    • Gemini Dollar (GUSD): Gemini's own U.S. dollar-pegged stablecoin, which is fully backed by cash reserves and audited monthly.
    • Nifty Gateway: A premier marketplace for buying and selling high-end NFTs, which was acquired by Gemini.


    A Critical Word of Caution: The Gemini Earn Failure

    No review of Gemini would be complete or honest without mentioning the failure of its Gemini Earn program. This was an interest-bearing product that allowed users to lend out their crypto. Gemini collaborated with a third-party borrower, Genesis, whose bankruptcy led to the prolonged freezing of billions of dollars' worth of customer funds.


    This event serves as a crucial reminder of the risks of CeFi lending and the importance of the phrase "Not your keys, not your coins." While the exchange itself remains secure, the Earn program highlighted the dangers of counterparty risk.


    Who is Gemini Best For

    The platform is specifically designed to appeal to certain user profiles. It is an excellent starting point for beginners who may feel overwhelmed by the perceived risks of the crypto market and want the reassurance of a highly regulated platform. It is also a preferred choice for institutional investors and high net worth individuals who require a compliant partner for their digital asset investments. For any user whose primary concern is security and regulatory adherence over having access to the widest possible range of smaller, more speculative altcoins, Gemini presents a compelling option.


    Want to explore a broad universe of digital assets? BYDFi offers a diverse selection of leading and emerging cryptocurrencies in a professional trading environment.

    2025-09-19 ·  2 months ago
    0 0198
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