Author Archives: Binance Academy

What are Crypto Wallets|Explained for beginners

💡 A crypto wallet is a tool that you can use to interact with a blockchain network. There are various crypto wallet types that can be divided into three groups: software, hardware, and paper wallets. Depending on their working mechanisms, they may also be referred to as hot or cold wallets. 📚 Read our articles[Read more…]

What Are Binance Perpetual Futures Contracts |Explained for beginners

💡 A perpetual contract is a special type of futures contract, but unlike the traditional form of futures, it doesn’t have an expiry date, and it is often traded at a price that is equal to or very similar to spot markets. 📚 Read our articles to learn more about Binance Futures ContractsThe Ultimate Guide[Read more…]

What is Tulip Mania|Explained For Beginners

💡 The Tulip Mania is considered by many as the first recorded story of a financial bubble, which supposedly occurred in the 1600s. Before discussing if the Tulip Mania was really a financial bubble or not, let’s go through the most common narrative that considers it to be a real bubble. 📚 Read our articles[Read more…]

Causes & Effects of 2008 Financial Crisis|Explained For Beginners

💡 Although it has been a decade since the 2008 financial crisis, people have not forgotten how fragile the international banking system really is. We cannot be totally sure, but this is probably one of the reasons that led to the creation of a decentralized digital currency like Bitcoin. 📚 Read our articles to learn[Read more…]

How to Read Stochastic RSI Indicator|Explained For Beginners

💡 Stochastic RSI, or simply StochRSI, is a technical analysis indicator used to determine whether an asset is overbought or oversold, as well as to identify current market trends. As the name suggests, the StochRSI is a derivative of the standard Relative Strength Index (RSI) and, as such, is considered an indicator of an indicator.[Read more…]

What Are Forward & Futures Contracts|Explained For Beginners

💡 As a standardized type of forward contract, futures contracts are among the most used tools within the financial industry and their various functionalities make them suitable for a wide range of use cases. Still, it is important to have a good understanding of the underlying mechanisms of futures contracts and their particular markets before[Read more…]

How to Read MACD Indicator |Explained For Beginners

💡 When it comes to technical analysis, the Moving Average Convergence Divergence oscillator is one of the most useful tools available. Not only because it is relatively easy to use, but also because it is quite effective at identifying both market trends and market momentum. 📚 Read our articles to learn more about Technical Analysis5[Read more…]

What are Dusting Attacks & How to Avoid Them?|Explained for beginners

💡 Have you received a small amount of unsolicited cryptocurrency into your wallet? You may be a victim of a Dusting Attack.A dusting attack refers to a relatively new kind of malicious activity where hackers and scammers try and break the privacy of Bitcoin and cryptocurrency users by sending tiny amounts of coins to their[Read more…]

What Are Pyramid And Ponzi Schemes & How to Avoid Them|Explained For Beginners

💡 How can a distributed network of computer nodes agree on a decision, if some of the nodes are likely to fail or to act dishonestly? This is the fundamental question of the so-called Byzantine Generals’ problem, which gave birth to the concept of Byzantine fault tolerance. 📚 Read our articles to learn more about[Read more…]

What is Byzantine Fault Tolerance|Explained For Beginners

💡 How can a distributed network of computer nodes agree on a decision, if some of the nodes are likely to fail or to act dishonestly? This is the fundamental question of the so-called Byzantine Generals’ problem, which gave birth to the concept of Byzantine fault tolerance. 📚 Read our articles to learn more about[Read more…]