Crypto, crypto, crypto… Where do I even start? If you’re reading this article, you might’ve heard of the term ‘cryptocurrency’ either from friends or the news. With Singapore announcing its ambitions to become a global crypto hub, along with the news of cryptocurrency donations being accepted by the Ukraine government, Cryptocurrencies are no longer some niche internet meme thing that we can dismiss as a trend. So for all those new to cryptocurrencies, here’s what you need to know about them! Source: Giphy TL;DR: What are Cryptocurrencies?

• A digital asset that functions as a decentralised alternative to ‘normal’ money
• A cryptocurrency’s value is determined by demand and supply factors
• Cryptocurrencies can be bought on exchanges and mined using software

Cryptocurrencies are still relatively new in the financial world but are gaining traction in recent years with some companies and even governments accepting cryptocurrencies as forms of payment. However, it is still considered a speculative and high-risk investment....