Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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The Emergency of Crypto Banking - Crypto Banks in 2020

Written By Ivan on Tech

Nov 24, 2020

As uncertainty around the US dollar mounts, faith in the existing financial legacy infrastructure is dwindling. Specifically, this sees many people now searching for possible alternatives to traditional banks for storing their wealth, and opportunities to borrow and lend capital. What’s more, the advent of decentralized finance (DeFi) promises to be able to potentially bank the unbanked. As such, could the notion of crypto banks be a middle-ground solution between the benefits of cryptocurrencies and the traditional financial ecosystem?

One of the driving forces and marketing techniques for banks to acquire new users is offering substantially more interest returns than other banks offers. Traditional bank interest rates currently are at the lowest they can positively be, and various governments around the world - such as the UK’s - propose moving into negative interest rate territory to help stimulate the economy. As such, this means that people could potentially...

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Coinbase vs Binance: Comparing Two Popular Crypto Exchanges

Written By Ivan on Tech

Aug 16, 2020

Coinbase and Binance are both titans in the cryptocurrency exchange business. They are the two largest exchanges on the market right now, and primarily cater to people who are new to crypto. Those looking to buy Bitcoin for the first time often look to compare Coinbase vs Binance before making their purchase. Both offer an easy user experience, different displays, features, and offers.

In this article, we show you a complete review of both, to help you decide which one will be the best for you when you're first purchasing Bitcoin or other cryptocurrencies.

Centralized Exchanges

It's an important thing to note that both Binance and Coinbase are centralized exchanges, meaning they are run by a central organization.

Both exchanges offer a custodial service, whereby they keep hold of your private keys and funds for you in secure cold storage. This offers a seamless user experience, however, this also means that users technically do not own the coins, the exchanges do.

This goes against...

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How Do Cryptocurrency Exchanges Work? The Best Ways To Buy Bitcoin in 2020

Written By Ivan on Tech

Jul 31, 2020

A warm welcome to any and all crypto newcomers! We understand that many of you are probably at the point of wanting to get your hands on some Bitcoin at this exciting time. Still, perhaps you're not exactly sure how cryptocurrency exchanges work - and would like to know a little bit more before converting your beloved fiat currency into invisible magical coins.

In this article, we'll explain the uses and applications of different centralized and decentralized exchanges and take a look at what actually happens on the blockchain when you make a transaction. By the end of this article, you should have the confidence and the knowledge to venture out into the wild, wild land of crypto.

Different Types of Cryptocurrency Exchanges

The first thing to note is that there are several different types of exchanges that operate alongside one another, shifting toward a new financial paradigm of digital finance on the blockchain bringing together fiat currency and cryptocurrencies. Some exchanges...

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