MintDice Blog

Initial Coin Offerings (ICOs) have become a popular way of raising funds within the crypto ecosystem. Small startups with fully formed teams can convince the public to invest in their projects by buying their tokens, which act as shares.

Cryptocurrency investment is still every bit as interesting as it was five years ago. However, there are now more factors affecting the performance of the market. One of such factors is that development has pushed so many new projects into the area, leading to palpable excitement.

Cryptocurrency exchanges are platforms that allow people to exchange one digital currency for another, and other assets such as traditional fiat currencies. Depending on whether it is an automatic or peer-based exchange, the process is either entirely overseen by the exchange or left for users to transact with each other.

As several industries continue to embrace cryptocurrency, the gambling industry is jumping on the bandwagon full force. The emergence of online casinos offering popular Bitcoin betting games like blackjack, slots, and Plinko were the gambling industry’s first major approach to adopting blockchain technology.

Ripple (XRP) is indeed one cryptocurrency that has gained momentum within the space over the past few years. Due to its products, xRapid and xCurrent, the platform is gradually increasing the attention of global banks, exchanges, and financial institutions.

Ethereum platform runs on blockchain technology, an immutable digital ledger in which all the network’s transactions are recorded. Typically, a blockchain consists of a chain of blocks (batches of transactions). Miners are tasked with adding new blocks to the blockchain in exchange for a reward in the form of 5 ETH.

Ripple has recently entered a partnership to launch a platform for the trade of metals such as gold, silver, platinum, rhodium, and palladium. The digital currency platform will partner with BPG Group for this endeavor.

Taxes are one of the most important things to consider when dealing with assets of any kind, especially since failure to do so could lead to problems with the IRS. Some people are not aware that cryptocurrency is an asset, just like any other asset class when it comes to taxes.

When choosing which cryptocurrencies to invest in, Bitcoin is usually the first choice, but recently, Ripple has been a silent addition to many wallets. This begs the question: is Ripple a rival to Bitcoin?