What is crypto & how does it work?

These days, “crypto” usually refers to the entire universe of technologies that involve blockchains — the distributed ledger systems that power digital currencies like Bitcoin, but also serve as the base layer of technology for things like NFTs, web3 applications and DeFi trading protocols. Ah yes, blockchains.

Is crypto regulated?

But compared with the traditional financial system, crypto is very lightly regulated. There are few rules governing crypto assets like “stablecoins” — coins whose value is pegged to government-backed currencies — or even clear guidance from the Internal Revenue Service about how certain crypto investments should be taxed.

Is cryptocurrency terribly explained?

Crypto is a lot of things – including terribly explained. We’re here to clear things up. Until fairly recently, if you lived anywhere other than San Francisco, it was possible to go days or even weeks without hearing about cryptocurrency. Now, suddenly, it’s inescapable.

Is newyorkcoin (NYC) underperforming the global cryptocurrency market?

With a price decline of -1.60% in the last 7 days, NewYorkCoin (NYC) is underperforming the global cryptocurrency market which is up 2.00%, while underperforming when compared to similar Retail cryptocurrencies which are up 0.00%. What is the market sentiment of NewYorkCoin today?