Crypto wallets can be a great way to access your digital assets and keep them secure. Depending on which platform you choose, you’ll either have cold or hot wallet. A hot wallet is a wallet that’s connected to the internet, while a cold wallet is not. There are five different types of wallets, some of them being hot, and others being cold. Let’s take a deeper dive into what those types are.
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Cryptocurrency has changed the digital landscape tremendously, with crypto exchanges and crypto wallets allowing us to have access to digital currency. But there’s a difference between the two, and depending on how you want your digital assets to be secured, you should know what makes them unique.
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PayPal could be finally allowing its crypto holders to withdraw their assets and send them to third-party wallets. Earlier today at CoinDesk’s Consensus 2021 virtual conference, Jose Fernandez da Ponte, PayPal’s general manager for blockchain, announced that he wants their consumers to have the opportunity to transfer cryptos from PayPal. Since introducing crypto to their platform in October 2020, PayPal users have been only able to buy, sell, and hold crypto.
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On Sunday, one of the most viewed YouTube videos in internet history was sold as an NFT for over $700,000. The famous “Charlie Bit My Finger” video, which has over 800 million YouTube views, was auctioned off on a blockchain, with a winning bid of $760,999. The original video will soon be removed from YouTube, after being published 14 years ago on May 22, 2007. This isn’t the first viral video to be auctioned off for thousands of dollars as an NFT, and it certainly won’t be the last. But what exactly is an NFT?
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*Disclaimer- Your cryptocurrency transactions should be based off of your own personal analysis and/or from a professional.
Since the beginning of the pandemic, we’ve seen people across the world invest in cryptocurrency at levels we’ve never seen before. Bitcoin was valued at around $8,000 last May and has reached $58,000 in less than a year’s span. Ethereum is the next popular crypto, valued around $200 last year then increasing to over $4,000 this month. We’ve seen Dogecoin, a crypto that used to be never taken seriously, even deemed as a “meme coin”, have its value increase over 2,000% since January.
Continue reading “What’s The Next Big Crytpocurrency?”
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