Cryptocurrency Tutorial
SCAMCOIN is a fake cryptocurrency that is meant to help only those who created it and in turn, hurt those who hold it. Such coins are promoted on crypto forums usually through shilling as well as through pump-and-dumps.
CBDC is short for Central Bank Digital Currency, which is the proposed new digital version of a fiat money that is issued by the central bank of a country. The discussion on the topic is nascent and the various facets involved are under careful consideration. Central banks already use digital money in the form of traditional reserves, but CBDC is different from that.
Cryptocurrency exchanges are a crucial player in the cryptosphere as they are key to supporting prices of different cryptocurrencies, disseminating information, and facilitating transactions in digital currencies through their platforms. They are often in news for both right and wrong reasons. Some have grown beyond trading and diversified into payment processors and crypto lending platforms.
Bitcoin, once dismissed as something reserved for geeks and the cryptography enthusiasts, is back in the limelight, as the price of the cryptocurrency appreciated in recent weeks.