The "shadow banking system" is a network of financial intermediaries that promote credit creation throughout the global financial system but are not subject to regulatory monitoring. These firms are frequently referred to as "nonbank financial institutions" (NBFCs). Unregulated actions by regulated organizations are often referred to as the "shadow banking system." The shadow banking system is made up of lenders, brokers, and other credit intermediaries who operate outside of the traditional, r

Sui is a permissionless, PoS-powered Layer 1 blockchain that has been designed in an attempt to provide instant settlement and high throughput as well as empower a multitude of next-gen latency-sensitive decentralized applications. The Sui blockchain is the brainchild of Mysten Labs, the firm is set to redefine the Web3 landscape and produce high-end solutions that will prove to be a hit with developers and creators regardless of their backgrounds. How does Sui Blockchain work?   Sui blockch

Definition When the buyer and seller in a transaction are the same people or two persons working together, this is known as "wash trading." It is prohibited in traditional financial markets because it misleads the rest of the market about the genuine amount of demand, distorts prices, and encourages others to trade based on false information. Since the Commodity Exchange Act (CEA) passage in 1936, this activity has been illegal in many traditional markets in the United States. However, the pr

Centralized exchanges (CEXs) are large-scale organizations that coordinate cryptocurrency trading, similar to traditional asset exchanges such as stock exchanges. Exchanges are, in essence, markets. They are beneficial when a big number of individuals are attempting to purchase and sell the same sort of asset at the same time. Famous exchanges in the traditional economy include the New York Stock Exchange and the London Metal Exchange. Binance, Coinbase, Gemini, and Kraken are some well-known c

If there is one important finding coming out of the NFT space, it’s that people go wild for PFP NFTs. From CryptoPunks to Bored Apes, more so than almost everything Web3 has encountered thus far, NFT aficionados are enthusiastic about generative avatars. So it makes perfect sense that Reddit Collectible NFT Avatars are outperforming everyone's expectations in the constantly changing market. The success of Reddit NFTs may be attributed to the platform's first NFT collection, which was published

Non-fungible tokens (NFTs) have become sharply popular and swept the digital world thanks to their rarity and uniqueness. In fact, some NFTs have proven their high value up to millions of dollars, which has raised users’ interest in learning as well as owning NFTs. Taking advantage of their concern, many people make schemes to defraud individuals and companies via NFTs. NFT cheating comes in many forms, including rug pull, phishing, pump and dump, counterfeit NFTs, and more. These accidents eit

What is an NFT? NFT stands for Non Fungible Token. Non-fungible means it cannot be exchanged for something of similar value. A token is a blockchain-issued digital asset. Additionally, a blockchain is a method of storing data that makes it challenging or impossible to alter, hack, or defraud the system. In other words, an NFT is a unique and secured digital certificate/signature that can be attached to any object, physical or virtual. NFTs may be used to represent things like digital files for

A meme coin is a word used in the cryptocurrency world to refer to well-liked currencies that have ardent online supporters and traders and are occasionally portrayed with humorous or animated "memes." Meme coins may be entertaining, but they are also extremely hazardous investments that may or may not have any real value. This group includes currencies like Shiba Inu, Dogecoin, and others that may be more entertaining than practical. Understanding the risks is essential while purchasing or tra

DeFi, which stands for "decentralized finance," is an acronym for public blockchain-based peer-to-peer financial services. Earning interest, borrowing money, lending money, purchasing insurance, trading derivatives, trading assets, and other activities are all possible with DeFi, but the process is quicker and doesn't need any formalities or a third party. DeFi is worldwide, peer-to-peer (meaning directly between two people, not routed through a centralized system), pseudonymous, and available

Financial service companies must identify and confirm their clients in order to comply with Know Your Customer (KYC) procedures. As part of their Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) compliance efforts to prevent financial crime and guarantee customer due diligence, they carry out this action. By gathering and checking consumer data, KYC proactively combats illicit conduct. These controls bolster industry confidence and assist financial service providers in contr