CotiByte

04/01/2023

But what exactly does investing in NFTs entail, and what are the benefits and drawbacks of doing so?

Blockchain technology has transformed numerous industries since its inception. Digitally showcasing artwork and valuables in the form of non-fungible tokens (NFTs) is one of the newest applications of the blockchain. Numerous NFTs have already been sold for millions of dollars, and with forecasts th...

04/01/2023

People are emotional by nature. We feel fear, ambition, love, hatred, and the need to reflect on our choices. A successful trader’s worst enemy is...

People are emotional by nature. We feel fear, ambition, love, hatred, and the need to reflect on our choices. A successful trader’s worst enemy is their emotions because they can influence their trading decisions and may increase the likelihood of losses. Cryptocurrency traders must control their ...

04/01/2023

The NFT ecosystem is suffering tremendously due to FTX’s recent collapse. The FTX insolvency has caused the cryptocurrency market to become risk-averse...

The NFT ecosystem is suffering tremendously due to FTX’s recent collapse. The FTX insolvency has caused the cryptocurrency market to become risk-averse, and asset values for all tokens have fallen rapidly. Numerous currencies are suffering greatly, and in just four days, the market cap as a whole ...

04/01/2023

The Metaverse is all the rage right now. It presents countless opportunities for the economy of any nation to thrive.

The Metaverse is all the rage right now. It presents countless opportunities for the economy of any nation to thrive. One of the biggest regions with a strong economy is Asia. If advances are maintained over the next five to ten years, the Metaverse may add from $0.8 trillion to $1.4 trillion annual...

14/06/2022

The NFT market boomed in 2021, thanks to massively popular projects such as Bored Apes and CryptoPunks. What the uninitiated may not know, however, is that NFTs had been slowly rising in popularity in the blockchain industry since 2015. In this article, we’ll be looking at the five most expensive NFTs ever sold, but first, we should probably answer the question “what is an NFT?”

What is an NFT?

An NFT, or Non-Fungible Token, is a digital asset that exists on the blockchain. By using blockchain technology, each NFT is authenticated as being wholly unique, and fundamentally incapable of being replicated. The non-fungible nature of these blockchain tokens makes them the perfect way to represent art and other creative assets as we move into an all-digital future.

For example, if an artist creates a specific work of art, they can put it on the blockchain and release it as an NFT. The NFT can then be used to verify, without any uncertainty, that it is the only true copy of t

The NFT market boomed in 2021, thanks to massively popular projects such as Bored Apes and CryptoPunks. What the uninitiated may not know, however, is that NFTs had been slowly rising in popularity in the blockchain industry since 2015. In this article, we’ll be looking at the five most expensive ...

12/06/2022

In 2021, the market for computer graphics processing units (GPUs) was plundered by cryptocurrency miners. These people started hoarding GPUs, so they could amass as much digital wealth over the blockchain as possible. At the time, if you were trying to buy a current generation GPU, you probably didn’t have much luck. Perhaps you noticed that the prices of most high-end GPUs had doubled, if not tripled.

This phenomenon left many to wonder; what is cryptocurrency mining? And why do crypto miners need several high-fidelity GPUs?

What is Cryptocurrency Mining?

In the simplest terms, cryptocurrency mining is the process of creating new coins of a particular cryptocurrency on the blockchain. That being said, cryptocurrency mining isn’t that simple, it’s important to know some of the more technical aspects surrounding cryptocurrency mining.

Investopedia defines Bitcoin Mining as:“The process by which new bitcoins are entered into circulation. It is also the way the networ

In 2021, the market for computer graphics processing units (GPUs) was plundered by cryptocurrency miners. These people started hoarding GPUs, so they could amass as much digital wealth over the blockchain as possible. At the time, if you were trying to buy a current generation GPU, you probably didn...

12/06/2022

After an impressive gain in 2021, Bitcoin - the world’s first cryptocurrency - took a staggering hit earlier this year, along with the rest of the cryptocurrency market. In November of 2021, Bitcoin’s highest price exceeded $68,000. Just months later, by January of 2022, the price of Bitcoin plummeted by over 50%, to around $30,000.

At the time of writing this, in June of 2022, Bitcoin’s market price remains in the $30,000 range. Recent events have left many industry analysts asking the same question; what’s next for bitcoin?

Not If, But When

If you ask the bulls of the cryptocurrency market, the recent slump was nothing more than a small road bump on the road to riches. Despite recent events, many are still optimistic that Bitcoin is still headed towards $100,000. For them, it’s not a matter of if Bitcoin gets there, rather when it does.

Bitcoin’s Broken Promises

Still, it’s necessary to point out that Bitcoin, and other cryptocurrencies, have fallen sho

After an impressive gain in 2021, Bitcoin - the world’s first cryptocurrency - took a staggering hit earlier this year, along with the rest of the cryptocurrency market. In November of 2021, Bitcoin’s highest price exceeded $68,000. Just months later, by January of 2022, the price of Bitcoin plu...

10/06/2022

The cryptocurrency has come a long way in the past few years, experiencing soaring highs and crushing lows. Throughout the industry's tumultuous history, Bitcoin has reigned supreme as the most valuable cryptocurrency.

Bitcoin may have been the progenitor of the cryptocurrency industry, but various other cryptocurrencies, known as altcoins, have pushed the market forward in innovative ways that Bitcoin simply hasn't.

Ethereum has consistently been hot on the heels of Bitcoin as the number two cryptocurrency in terms of value and market capitalization. Let's look at a few reasons why Ethereum is better than Bitcoin.

1. Smart Contracts

Ethereum has made a name for itself in the Decentralized Finance (DeFi) space by using its blockchain platform to host smart contracts. By using the Ethereum Blockchain, users can create and execute smart contracts. Smart Contracts are digitalized contracts on the blockchain, that allow two parties to carry out transactions in a secure manner,

The cryptocurrency has come a long way in the past few years, experiencing soaring highs and crushing lows. Throughout the industry’s tumultuous history, Bitcoin has reigned supreme as the most valuable cryptocurrency. Bitcoin may have been the progenitor of the cryptocurrency industry, but variou...

03/06/2022

For anyone interested in dipping their toes into the cryptocurrency market, it's important to know what you're getting into. Do as much research as you can and know the risks of investing before you potentially lose, or even gain, a lot of money.

You should start by educating yourself on the various terminologies you'll come across while looking to buy cryptocurrency. One such term is 'Cryptocurrency Market Capitalization' or 'cryptocurrency market cap.'

What is a Cryptocurrency Market Cap?

To put it as simply as possible, A cryptocurrency market cap refers to the total value of all the coins currently on the market. As more coins are mined, or the price of each currency rises, so does the cryptocurrency market cap. Market capitalization isn't a new concept.

On the traditional stock market, the market cap of a particular stock refers to the total dollar value of all the shares of that stock.

How is Cryptocurrency Market Cap Calculated?

Suppose you'd like to calcula

For anyone interested in dipping their toes into the cryptocurrency market, it’s important to know what you’re getting into. Do as much research as you can and know the risks of investing before you potentially lose, or even gain, a lot of money. You should start by educating yourself on the var...

01/06/2022

What is An NFT?

An NFT, which stands for Non-Fungible Token, is a digital token that proves your ownership over a digital asset. It could range anything from digital art, videos, and music to everything in the digital realm. Token in this scenario refers to a digital certificate stored on a secure, distributed database called Blockchain.

An NFT is a non-interchangeable token in its most basic form, which means it has a single owner and cannot be co-owned. When you trade and transact an NFT, you either buy it on the whole or sell it whole. You have it stored in your portfolio/wallet.

These tokens' price/value is defined by the interest of other enthusiasts of the same category. Plus, like Bitcoin and other cryptocurrencies, any government or bank does not regulate them. They are peer-to-peer owned and are created through various Blockchain technology.

They can be created easily compared to Bitcoin, but the asset is only valuable if you find the right crowd for it. This is s

What is An NFT? An NFT, which stands for Non-Fungible Token, is a digital token that proves your ownership over a digital asset. It could range anything from digital art, videos, and music to everything in the digital realm. Token in this scenario refers to a digital certificate stored on a secure,....

31/05/2022

Earlier this year, the entire cryptocurrency market plummeted. Industry insiders have been speculating on when we’ll see the market return to form. As we close out the month of May, most major cryptocurrencies are trending upward. Is this a sign that the market has started to heal? Let’s discuss.

Bitcoin

The global cryptocurrency market has been experiencing its longest-running slump ever recorded for the past nine weeks, but not its lowest. Now, as we close out the month of May 2022, better days may be just over the horizon. Bitcoin is now up 4.61%, to US$30,261.83.

Ethereum

Bitcoin isn’t the only cryptocurrency that seems to be getting back on track after the market slump. At the end of May, the price of Ethereum increased by almost 6%, hitting $1873. This bump in Ethereum’s value comes just after a decrease of 7.42% in the past week. Still, Ethereum seems to be holding on tightly to its position as the cryptocurrency with the second highest market cap in the

Earlier this year, the entire cryptocurrency market plummeted. Industry insiders have been speculating on when we’ll see the market return to form. As we close out the month of May, most major cryptocurrencies are trending upward. Is this a sign that the market has started to heal? Let’s discuss...

21/05/2022

13/05/2022

Following months of enormous work alongside the Cardano team, the public Testnet version of Djed is now released, COTI announced!

12/05/2022

As of Tuesday, May 10th, $UST lost its $1 peg for the second time in three days, falling as low as $0.65 according to CoinMarketCap, while at the same time, $Djed kept its 1:1 peg to USD.

11/05/2022

There has been a lot of volatility recently in the cryptocurrency market, and during such periods, the robustness of an algorithmic stablecoins is put to test.

The term volatility refers to when a market or security experiences periods of unpredictable, and sometimes sharp, price movements. While volatility is often associated with falling prices, it can also describe sudden price rises.
As of Tuesday, May 10th, $UST lost its $1 peg for the second time in three days, falling as low as $0.65 according to CoinMarketCap, while at the same time, $Djed kept its 1:1 peg to USD.

How is Djed Different From Other Algorithmic Stablecoins? Watch this video to better understand how the Djed mechanism works: How Djed Algorithmic Stablecoin Works
How did $Djed manage to keep its peg? The short answer is that $Djed is very different from any other algorithmic stablecoin in the way it’s built. $Djed has an algorithmic mechanism that is unique and that is specifically designed to protect its va

There has been a lot of volatility recently in the cryptocurrency market, and during such periods, the robustness of an algorithmic stablecoins is put to test. The term volatility refers to when a market or security experiences periods of unpredictable, and sometimes sharp, price movements. While vo...

11/05/2022

What started in 2008 as an alternative to physical currency has now evolved into a $1.65 Trillion industry. Cryptocurrency is the latest phenomenon that has captured attention worldwide. What Wall Street and stockbroking used to be a couple of decades ago, cryptocurrency now occupies that position. Foremost business and thought leaders have said things about blockchain and cryptocurrency to pique curiosity.

After a long time in the form of crypto, our society is experiencing something which has attracted the interest of one and all. People who know nothing about finance are interested in crypto, and intelligent people are also interested in it. Most importantly, people who have no clue what it is but are faking it until they make it are especially interested in it.

Have you ever wondered what it is about that has attracted such a vast audience? Do you feel like a noob and experience fear of missing out because of not knowing enough about it?

If that is the case, then fret not

What started in 2008 as an alternative to physical currency has now evolved into a $1.65 Trillion industry. Cryptocurrency is the latest phenomenon that has captured attention worldwide. What Wall Street and stockbroking used to be a couple of decades ago, cryptocurrency now occupies that position.....

08/05/2022

"Cryptocurrencies are vastly distinguished from any fiat currency...” - Olawale Daniel

07/05/2022

The project began as an experimental technological project several years ago. It is now regarded as a global trend with a significant potential for investors to gain significant profits. Unlike any centralized system, cryptocurrency is a decentralized digital currency in which all transactions are recorded, maintained, and confirmed online rather than by a central server.

In 2008, Bitcoin became the first cryptocurrency, and it is still the most popular and contributes the most to the digital currency market. Over the past few years, Bitcoin, along with other cryptocurrencies like Ethereum, has been shown to be the most effective cryptocurrency options for investors, including governments. People are investing more in digital currencies, and likely will continue to do so.

Some of our foremost business and thought leaders around the world have made a few statement about cryptocurrency. Crypto enthusiasts, moderates and critics have also learnt their voices. Whatever influences your

The project began as an experimental technological project several years ago. It is now regarded as a global trend with a significant potential for investors to gain significant profits. Unlike any centralized system, cryptocurrency is a decentralized digital currency in which all transactions are r...

02/05/2022

Researchers and analysts at InvestorObserver are constantly monitoring, reviewing and analyzing several financial investments such as stocks, options and cryptocurrency for savvy people seeking alternative viewpoints, and have made public their March 28th, 2022 expert opinion on the risk of an investment in COTI.

Updated March 28th, 2022 Researchers and analysts at InvestorObserver are constantly monitoring, reviewing and analyzing several financial investments such as stocks, options and cryptocurrency for savvy people seeking alternative viewpoints, and have made public their expert opinion on the risk of....

02/05/2022

Depending on how deep your understanding goes in crypto, staking may be a complicated concept or a simple one. In this tutorial, we cover the definition of crypto staking, plus a step-by-step guide of how to stake and manage your crypto coins.

Depending on how deep your understanding goes in crypto, staking may be a complicated concept or a simple one. The fact that staking can be a way of earning rewards for holding cryptocurrencies is a big incentive for many traders and investors. But even if you simply want to earn a little staking re...

30/04/2022