Fintech

Will Crypto Bounce Back in 2023

Will Crypto Bounce Back in 2023?

Alinda Gupta December 23, 2022

The state of cryptocurrency this year has been one for the comic books, where the protagonist—in the face of a crisis—says, “But it can’t get any worse than this, right?”, and it does. It just wasn’t crypto’s year. From rising interest rates to mistakes made by cryptocurrencies like Terra Luna and CEOs like Sam Bankman-Fried of the crypto exchange FTX, a host of factors stunted the digital currency’s growth. It also led to investors losing money and becoming skeptical about its future.

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How Charming Men Get Away with Fraud

Bernie Madoff vs. FTX: How Charming Men Get Away with Fraud

Alinda Gupta December 4, 2022

The recent FTX scandal has all the trappings of a Netflix drama series where the business tycoon—once lauded for his power moves—is brought down by greed, selfishness and the judiciary system (The Wolf of Wall Street, much?). The CEO of crypto exchange FTX, Sam Bankman-Fried, has come into the spotlight for bringing about the downfall of FTX and his other company Alameda Research. In November 2022, he filed for bankruptcy for both companies after a devastating collapse in the public eye.

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New to the Forex Market The Ultimate Toolkit for Success

New to the Forex Market? The Ultimate Toolkit for Success

Jumpstart Team December 4, 2022

Foreign exchange trading can be a tricky business. When it comes to choosing what tools will be the most effective in your forex trading journey, there are a few aspects to consider. Whether you are a brand-new trader or a seasoned veteran, some of these tools will always be handy to help you not only find the diamonds in the rough but also stay focused on your goals.

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How Much Should a Startup Pay Its Employees?

How Much Should a Startup Pay Its Employees?

Arjita Ganguly November 21, 2022

Employees of a startup are essential to its success. They keep the company running to ensure that the vision gets carried out and that the day-to-day operations continue seamlessly. High turnovers can be harmful to a company, especially for startups with less established internal structures, organizations and systems to mitigate handover disruption. This makes retaining employees a particularly important goal for startups.

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What Happened to Countries That Made Their Own Digital Currencies?

What Happened to Countries That Made Their Own Digital Currencies?

Kamya Pandey November 17, 2022

Over the past couple of years, cryptocurrencies have become a mainstay in financial discussions. As of this year, there are 15,174 businesses worldwide that accept Bitcoin as a means of payment. This rise in the popularity of crypto has encouraged governments to open up to crypto, with El Salvador declaring Bitcoin as a legal tender and Ukraine legalizing cryptocurrency in 2021.

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Are Millennials Going to Be Able to Retire?

Are Millennials Going to Be Able to Retire?

Alinda Gupta November 12, 2022

Over one-third of millennials feel that they will never be able to stop working. Many of them believe that, even though they want to retire before they turn 60, they will be performing some sort of casual job. A CNBC report revealed that 61% of millennials feel that they will be working a part-time job when they retire, with over 10% of them feeling unsure as to what their future is going to look like.

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5 Reasons Why People Invest in Stocks

5 Reasons Why People Invest in Stocks

Samiksha Jain October 21, 2022

When it comes to investing, you can put your money into savings accounts, bonds, real estate or even art. Out of the most common investment options, many see stocks as a riskier proposition than more stable options like bonds or real estate. Stocks are a type of financial asset representing an ownership stake in a company.

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What Are the Different Layers of Blockchain Technology

What Are the Different Layers of Blockchain Technology?

Kamya Pandey September 19, 2022

As of 2021, US$6.6 billion has been spent on blockchain solutions. The technology not only underpins the global cryptocurrency market but also provides unique utility for other sectors, like healthcare, logistics and real estate. A blockchain is a decentralized digital ledger made up of blocks that record data across a peer-to-peer (P2P) network. Once information is stored on this ledger, it becomes near impossible to delete, alter and hack.

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What Are Forex Signals and How Can You Use Them to Make Money

What Are Forex Signals and How Can You Use Them to Make Money?

Kamya Pandey September 12, 2022

“Forex”, a shorter name for foreign exchange, refers to the exchange of one country’s fiat currency for another. Foreign exchange swaps hand on the over-the-counter (OTC) market directly between traders as opposed to stocks that are traded on the stock exchanges. By trading two currencies, traders (whether individuals or hedge funds) can earn the difference between their values as well as profit from the differences in interest rate across countries.

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What Is the Blockchain Trilemma?

What Is the Blockchain Trilemma?

Kamya Pandey September 1, 2022

One of the problems that the blockchain industry has been facing for a long time is the blockchain trilemma. The blockchain trilemma (also called the scalability trilemma) is the belief that decentralized platforms can only accomplish two out of the following three goals—security, scalability and decentralization—at a time.

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How Does Buy Now Pay Later Work Is It a Bad Idea for Your Business

How Does Buy Now Pay Later Work? Is It a Bad Idea for Your Business?

Kamya Pandey August 30, 2022

Imagine window shopping on a designer clothing website late at night while sipping your favorite wine. Suddenly, you spot the coolest new pair of kicks, and you just cannot let them go. What’s worse, there’s only one pair left in your size, so you can’t afford to save up for them before making a timely purchase. What do you do? You use AfterPay, of course!

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Crypto’s Gender Disparity Problem Needs to Be Addressed

Crypto’s Gender Disparity Problem Needs to Be Addressed

Kamya Pandey August 24, 2022

If you look at crypto communities online, be it on Twitter or Telegram or Reddit, you’ll find them to be largely made up of men. If asked to visualize the crypto community, everyone would picture a crypto bro (men who are singularly focused on cryptocurrency predictions) discussing which currency will go “to the moon” next. In fact, 94% of all cryptocurrency is owned by men, which means that women occupy only 6% of all crypto holdings.

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Is a Cashless Society Really as Good as It Seems

Is a Cashless Society Really as Good as It Seems?

Kamya Pandey August 11, 2022

In the past couple of years, we have all gradually shifted away from using paper money. Be it for the sake of hygiene amid the COVID-19 pandemic or simply for the convenience of not carrying our wallets around, cashless payments have become the new norm. Cashless payments are made possible by electronic money, that is, currency stored on digital databases backed by fiat currencies, like the U.S. Dollar, Indian Rupee or Japanese Yen.

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Digital Currency Race

What Countries Are Joining the Digital Currency Race?

Nidhi Singh August 3, 2022

Central banks worldwide are exploring ways to issue their digital currency, also known as central bank digital currencies (CBDCs). In a report released in January 2020, the Bank for International Settlements (BIS) surveyed 66 central banks and found that 80 percent were developing CBDCs.

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PLC Ultima A Cryptocurrency for Mass Use or a Scam

PLC Ultima: A Cryptocurrency for Mass Use or a Scam?

Kamya Pandey July 31, 2022

In December 2021, a new contender entered the cryptocurrency market. Going by the name PLC Ultima (PLCU), the currency was just valued at US$0.10 when it first came into existence. To put this into perspective, 6000 cryptocurrencies had been launched in 2021, taking the total number of cryptos in the market from 10,000 to 16,000.

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Is the NFT Bubble Finally Bursting

Is the NFT Bubble Finally Bursting?

Alinda Gupta July 23, 2022

From over 200,000 in September 2021 to just about 20,000 in May 2022—NFT sales have taken a significant hit, falling by 92 percent worldwide. Though the space is familiar with instability, this time, it appears to be more worrying than usual. NFTs are data-driven digital tokens representing ownership stored on a blockchain. From music and art to films and more, nearly anything can be an NFT.

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