Cryptic Investor

What is NANO (XNO)? Nano is a peer-to-peer decentralised cryptocurrency (digital currency) released on 4 October 2016. Nano originally had the token symbol NANO, but recently changed to XNO  in an effort to be ISO compliant with regards to currency codes. It uses a proof-of-stake algorithm to create new blocks and its distinguishing feature is that it is a fee-free cryptocurrency; there are no transaction fees. Note that this currency is not related to Ledger Nano devices or the Ledger crypto wallet. The coin was built to combat blockchain scalability issues, notably to combat rising gas fees with a blockchain network underload (as we’ve seen famously with Ethereum). Today, the price of XNO is a mere $2.37, a far-cry from its all-time-high (ATH) of $37.62 from early 2018. Nano Tokenomics Nano has a supply of just over 133 million XNO tokens. As there are no network fees to be paid out, there are no nano tokens locked up, and all the tokens are in circulation. As such,

It’s the end of the month, and you receive your pay check. Wait, it’s a new year, and a new decade! You decide to take a leap of faith and set aside $100 from your paycheck. The next day, you wake up and purchase $100 of this weird new cryptocurrency called Crypto.com Coin or $CRO. Cool domain, you think. And you have been doing this every month since. Today, the 31 st of March 2022, a little over 2 years after, how much do you have? Let’s find out! [Note: $CRO has recently been renamed to Cronos (formerly Crypto.com Coin)] What is DCA? DCA stands for ‘dollar cost average’ which essentially means you are buying a certain asset for its average price on the long run by putting a little bit of money aside at a regular interval. If we expect an asset will rise in value in the future, and we acquire it for its average price over, say, the last 2 years, then our asset will be worth more than we put in.    The idea is that this is a relatively safe principle that does not rel

Ledger devices have been used for a better part of a decade; and they are indeed excellent hardware wallets. They are supported by numerous third-party crypto wallets, and arguably provide the best consumer-end cryptocurrency security out there. But the problem lies within the company’s first-party application – Ledger Live. Ledger Live - What is it? Ledger Live is the main application used to interact with your Ledger hardware wallet. It can install various apps that are required for interacting with specific blockchains, update your Ledger device firmware and keep track of a list of crypto assets. In other words, for the average user, the application is necessary to actually use the ledger device, even if the user only intends to use it with third party applications. Ledger Live’s Data Collection Policy Here’s what Ledger’s Chairman and Co-Founder says, replying to a post on Reddit: [Source: https://www.reddit.com/r/ledgerwallet/comments/8xdgfi/comment/e22jqdi/?utm_

Loopring recently received its post-mortem announcement from Gamestop about their NFT marketplace, bringing the dead currency from 6 feet under to 60% above. Following this rather unexpected announcement, now Bitcoin seems to be wanting a piece of the pie as well. It has surged more than 25% since late last month; giving hope to many small-time cryptocurrency owners that there still may be a chance that it reaches 100K by the end of 2021. Many investors have taken to the r/cryptocurrency community of Reddit , the social media platform, to express their feelings: “Finally, 100K bitcoin  🥲 ” “EOY 2021 100K bitcoin back on the table?” “The suicide hotline operators can finally go on a break” It was clear that emotions were running high, and there were many tears of happiness But many users warned that the advice given on the close-knit community were not ones to follow. “Do not follow this subreddit. The market does the exact opposite that of the current sentiments of this

  It’s been almost a month since Russia invaded Ukraine – and politics aside, this is perhaps the first real-world demonstration of how incredibly useful cryptocurrencies can be. Through the power of decentralisation and blockchain technology, Ukraine has received over $60 million US dollar equivalent in various crypto assets; and these are being used to help Ukraine’s military. How did this start? On February 26 2022, 2 days after Russia invaded Ukraine, the Ukrainian government posted on Twitter a cry for help; they asked the world for cryptocurrency donations. And then the world answered. As of writing this article, there has been over $60 million US dollar equivalent in crypto donations from all over the world. These donations include a single transaction worth over $1.8 million, which appears to come from NFT sales. People have also donated NFTs that have previously been sold for hundreds of thousands of dollars, including a CryptoPunk NFT worth over $200,000. How ar

If you decided to skip your morning coffee and bought a little bit of Bitcoin instead, how much would you have?  It’s no secret that DCA is one of the preferred strategies of investing in crypto; automatically buy a set amount regularly and forget it even exists. But how well does it actually perform? Let’s find out! What does DCA mean? DCA stands for ‘dollar cost average’ which basically means you are buying a certain asset for its average price on the long run by putting a little bit of money aside at a regular interval. If we expect an asset will rise in value in the future, and we acquire it for its average price over, say, the last 5 years, then our asset will be worth more than we put in. The idea is that this is a relatively safe principle that does not rely on your emotions or FOMO (fear of missing out), but rather builds your portfolio using a solid, logical strategy. It prevents panic selling in a bearish market or buying a lot at high prices. Why $3 of Bitcoin

“Not your keys, not your crypto” as the old crypto saying goes. And all too often, it can be all too true. Due to the still largely unregulated and infant world of cryptocurrencies, crypto exchanges have been known to lock people out of their funds with no recourse. In fact, it’s happening right now – many ordinary Russians are being locked out of their exchange accounts. The best way to protect your crypto is through hardware wallets, and Ledger may have come up with one the most value-oriented devices today – the Ledger Nano S Plus. If you’re familiar with Ledger devices, the Nano S Plus is somewhere between the original Nano S and the Nano X – almost like a gimped Nano X. What is a hardware wallet? Let’s ask another question: How are cryptocurrencies secured, and how does only the owner access coins / tokens on a public blockchain? The answer to this is pretty simple; while everyone can view exactly how much any wallet has or what transactions the wallet has undertaken, on