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How to Identify Cryptocurrency and ICO Scams

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  How to Identify Cryptocurrency and ICO Scams                                                                                 Blog  By: UnicoinDCX Introduction There are so many cryptocurrencies that are launched every week and with these new cryptocurrencies, there are possibilities of coming up with initial coin offerings (ICO). As we know that cryptocurrency is getting mileage day by day since its inception. Some of these coins are very famous and growing exponentially. Additionally, these coins are highly volatile as compared to other financial assets. Due to the nature of high volatility, it attracts speculators, traders, and investors as well as fraudulent as well. Many tokens are not legit and investors get trapped by fake cryptocurrency or ICO. Therefore, we must know to identify fake crypto coins and ICO. What is cryptocurrency? Cryptocurrencies are digital currencies in an encrypted format. They are those kinds of digital currencies that facilitate users to make payments rig
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  Rising Scams in the Crypto Space: How To Avoid Them Date: 12-05-2022                                                                                               Blog  By: UnicoinDCX   Introduction Cryptocurrency is very popular for online peer-to-peer payment without the involvement of the central bank. This is a digital encrypted currency that doesn't have any physical appearance. The first cryptocurrency came in 2009, which was Bitcoin. As these transactions are carried out only online, it has chances of fraud also. For 10 years, it has been seen that there are so many scams taking place. Let's see what type of scam has been taken place, and how it can be avoided. Scams in Cryptocurrency 1. Fake Cryptocurrency Platform Many fake currencies have popped up in the market, which was created to loot the people in the name of the cryptocurrency. Fake cryptocurrencies were created to gain investor's confidence, and they were told to invest or buy such cryptocurrency. Some i
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Location: Labuan Federal Territory, Malaysia
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UNICOIN DCX PARTNERS WITH ONFIDO FOR INSTANT AND SECURE KYC FOR ITS DIGITAL EXCHANGES

 Date: 17th August 2021 UNICOIN DCX PARTNERS WITH ONFIDO FOR INSTANT AND SECURE KYC FOR ITS DIGITAL EXCHANGES In a digitized era where organizations are striving for excellence in providing above-par services to their customers, Unicoin DCX has entrusted itself with becoming an exchange in total compliance with the legal requirements. In this endeavor, Unicoin DCX has penned an agreement with Onfido for its Best-in-Class ID Document Review services. Incorporated in Singapore, Onfido uses AI-based technology assessment to determine whether a government issued-ID is genuine or fraudulent. The procedure moves on with facial recognition. Onfido has many reputed clients including Revolut, bunq and Bitstamp with Unicoin DCX now joining the list. The terms of the agreement provide Onfido with the authorization to check/process the client’s details along with collecting additional information from the client on behalf of Unicoin DCX . Onfido will also process the document to check/facial si
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Location: Malaysia
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How Coronavirus Impacts the Cryptocurrency Market and Trade?

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Coronavirus in Brief Coronavirus, also called Covid-19, started spreading from Wuhan, China, and in a very short period, it proliferated all over the globe. The cause of the virus is still under research. However, bats and pangolins are the prime suspects to carry the virus. The virus is deadly and causes lung failure, and symptoms are identified as cold, severe pain in the neck, high body temperature, loss of taste or smell, tiredness, loss of speech, and chest pain. Till date, 187 countries have been infected so far and numbers are only adding. The main reason for the outbreak of coronavirus is longer periods of symptoms identification and human to human transmission.  This virus can mutate, which might be more dangerous to human beings, and few mutants have been recognized till date. The virus is lethal and has influenced the social and economic conditions. Impact on Life and Global Economy Coronavirus is a big threat now to all human beings despite large or small economie
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Bitcoin Halving

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Introduction A block halving is a process of sinking the rate at which fresh cryptocurrency units are created. Precisely, it denotes the periodical halving occasion that cut the block rewards provided to  Bitcoin  miners. The date and timing of Bitcoin halving are at 08:41:30 GMT on 12 May 2020. Simply you can understand that after every 210,000 blocks, the Bitcoin block reward will be half of the current rewards for miners. They will be receiving just 50% less BTC for every transaction verification. This event takes place every four years, and the code of halving Bitcoin can be found on the Bitcoin Core Github. Bitcoin halving has many names like Bitcoin havening, reward drop, reward splitting, and reward halving. We will learn more about Bitcoin Halving from the article below. Significance This is the fundamental of the cryptocurrency economic model as it ensures the digital coins will be dispensed at a stable rate, following an expected decaying rate. This differentiates t
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What is Litecoin?

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What is Litecoin Introduction Litecoin is also the baby brother of bitcoin, and this is the first altcoin (alternative coins) in the world of cryptocurrencies. Mr. Charlie Lee has created Litecoin coding. He was the ex-employee of Google Inc as well as engineer director of Coinbase. He wanted to develop an alternative of bitcoin, which is cheap in rate and easy to buy. To concise, if you assume Bitcoin as Gold, then Litecoin is assumed to be silver. Silver can be bought at a cheaper rate and easily, even though it is a precious metal. It is said that you may not think of bitcoin, but you can think of Litecoin straightforwardly. History Litecoin was introduced on 7th October 2011 via an open-source on GitHub. This has minimized the formation of new block timing and increased maximum number of coins. It also has a unique algorithm Scrypt as compared to SHA-256 of bitcoin. It has also updated the kind of graphical user interface (GUI). On December 18th 2017,  Litecoin  touc
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How The Wild World Of Cryptocurrency Could Make You Rich

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Introduction Cryptocurrency is very lucrative and shining in the world of finance. The world’s popular businessman is also investing in crypto, and some countries are allowing crypto as one of their legal transaction. However, trades are happening worldwide within a concise period. The peer-peer transaction, low-cost fees, no central banks, and highly secured ways are making the cryptocurrency accessible in actual. We can merely Google and know that many small investors became millionaires after trading in cryptocurrencies like Bitcoin, Ethereum, XRP,  Unicoin , Neo, etc. Investors procure and hold their digital assets or ICO at the time of launch or the lowest price.  Later, when the market price of currency increases, they were enlisted amazingly in the millionaires' society. Their cryptocurrencies get multiplied in hundred or multi-hundred times which in turn make them a wealthy individual. The Wild world of cryptocurrency As we know that cryptocurrency is still not
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