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Stay Ahead with Expert Blockchain Insights on CryptoIQ Blog

What is a SIM swapping attack?

Secure your accounts by recognizing the key danger of SIM swapping: attackers can take control of your phone number and access sensitive data. This crime involves criminals convincing your mobile provider to transfer your phone number to a SIM card they control, effectively hijacking your digital identity. According to recent reports, at least 60% of […]

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How to spot a crypto scam?

Be cautious if a cryptocurrency project promises guaranteed returns with little to no risk. Scammers often use this tactic to lure unsuspecting investors into fraudulent schemes that are designed to sound convincing but lack real backing. Check the transparency of the platform’s team and operations. Vague or anonymous leadership should raise red flags. Legitimate projects […]

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What is a rug pull in crypto?

Identify warning signs early by paying close attention to project transparency, team credibility, and community feedback. Many rug pulls stem from projects that lack clear information about developers or show sudden, unexplained changes in token policies. Always conduct thorough research before investing in any crypto project. Verify the team’s background, scrutinize smart contract audits, and […]

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What are candlestick patterns?

Mastering candlestick patterns can significantly improve your ability to identify potential market movements. Recognize that each pattern provides valuable clues about trader sentiment and possible future price directions. Learning to interpret these shapes and their formations allows you to make more informed trading decisions and manage risks more effectively. Start by familiarizing yourself with the […]

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What is a pump and dump scheme?

Understanding how pump and dump schemes operate can help you prevent significant financial losses. These schemes typically involve artificially inflating a stock’s price through misleading information, prompting unsuspecting investors to buy in high. Once the stock reaches a peak, the perpetrators sell off their holdings at a profit, causing the price to plummet and leaving […]

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What is fundamental analysis in crypto?

If you want to make smarter investment decisions, start by analyzing the core factors that influence cryptocurrency prices. Assess the utility, developer activity, and adoption rate of a digital currency to identify genuine value versus speculative hype. Focus on key metrics such as market capitalization, circulating supply, and transaction volume. These indicators provide clear insights […]

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How to secure your crypto?

Secure your private keys by storing them offline in hardware wallets or paper wallets. This prevents hackers from accessing your assets through online vulnerabilities and ensures your keys remain out of reach from cyberattacks. Implement two-factor authentication (2FA) across all platforms involving your cryptocurrencies. Enabling 2FA adds an extra layer of security by requiring a […]

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How does Coinbase make money?

Focus on the fundamental revenue streams Coinbase leverages by optimizing its trading platform and service offerings. The platform earns a significant portion of its income through transaction fees when users buy and sell cryptocurrencies. Offering a user-friendly interface and competitive fees encourages active trading, directly boosting revenue. Trading fees remain the backbone of Coinbase’s earnings. […]

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What is Kraken?

Kraken offers a comprehensive platform for trading cryptocurrencies with security and transparency at its core. Its intuitive interface allows users to execute a wide range of transactions efficiently, making it suitable for both beginners and experienced traders. One of Kraken’s standout features is its extensive selection of supported digital assets, enabling users to diversify their […]

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What is a centralized exchange?

Choose a reputable centralized exchange (CEX) to ensure your trading activities remain secure and reliable. Centralized platforms act as intermediaries that facilitate smooth transactions between buyers and sellers, providing a user-friendly interface and swift order execution. With detailed market data, charting tools, and customer support, CEXs simplify complex trading processes, making them accessible even for […]