Cryptocurrency Blog

  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 ...

  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 ...

 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/facia...

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 econ...

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. Th...

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 ...

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...

Introduction: Cryptocurrencies are the cryptographically secured kind of digital currencies widely used in trading nowadays. Blockchain Technology is the method used that makes these currencies highly trustworthy and secured mainly because the digital ledger entries once made are irreversible. The market capitalization of Cryptocurrencies has reached 100 billion in just after 6 months since early 2017 from 15 billion dollars. Cryptocurrency is the currency of the future that is what people believe. Therefore for asset growth, people are now inclined towards investing and trading in cryptocurrencies. Cryptocurrency Trading: Cryptocurrency trading is done in 3 ways. Investors are buying and selling cryptocurrency with the help of their fiat currency; however, they can do the transaction through cryptocurrency itself if they have. Crypto to crypto is also available to trade through many exchanges. This kind of trading is available 24/7, which makes the cryptocurrency market more l...

What is Cryptocurrency Trading | Unicoin Cryptocurrency is the digital and encrypted currency, based upon advanced blockchain technology. The transactions are very safe and secured from peer to peer. They refer these currencies as crypto, cryptocurrency, or crypto coin. There are many cryptocurrencies in the market, like Bitcoin, Unicoin, and Ethereum.  Cryptocurrency trading  is a process where traders try to take the opportunity of the price movement of the crypto coin through any legit exchange. It is similar to commodities or forex trading in modality. However, there are many differences while considering security and safety. Crypto trading is done using a spread betting or CFD trading account or buying and selling the underlying coins through a cryptocurrency exchange. There are 3 ways of cryptocurrency trading. Fiat to Crypto Trading You can buy the cryptocurrency by paying your fiat cu...

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum is the second most popular after bitcoin and getting edge day by day due to its simplicity in the mechanism. 19 years old programmer created a platform to store and perform computerized programs crosswise an international network of scattered nodes. History A Canadian programmer named Vitalik Buterin was involved in blockchain technology in 2011, and he founded bitcoin magazine with his partner. He started to think beyond the existing bitcoin technology for more simplification to use in the financial world. Finally, he released the white paper in 2013, stating that the general scripting language of Ethereum. Since then, it attracted investors and entrepreneurs to think about business activities. There was a massi...

Bitcoin is electronic cash, transferable, decentralized, and the transaction can be done person to person without any intermediary or central banks. Bitcoin is one among the popular cryptos in digital currencies, and it has high monetary value also. Transaction of bitcoin is irreversible, which makes it unique and salable in the financial market. History: Bitcoin is a virtual digital currency, and people assume that Satoshi Nakamoto invented bitcoins. However, there is no evidence for this, but he was a Japanese person who integrated numerous existing ideas from the Cypherpunk community to create the innovative bitcoin in 2008, and this bitcoin network came into existence in 2009. Nakamoto was the key person for producing the majority of the official bitcoin in the network. He used to publish all the information and modification regarding bitcoin on his technical forum of the bitcoin community.  Bitcoin whitepaper, released on 31 October 2008, and subsequently, the world g...