Author: Tendai Parks

Tendai is a Infoceptor Finance writer. Having a knack for finance, he started investing at 21 growing his own wealth and that of his family's. After getting an MBA from the Wharton School of Business, he went on to work in high profile hedge funds in New York. He now runs his own financial management company from sunny Florida.

What is cryptocurrency? Cryptocurrency is a digital currency that is not controlled by central banks, the government, or other financial institutions. The cryptocurrency idea was born from a desire to be free from the banking and monetary systems that have been ravaging economies for centuries and create simple, secure payments. Some proponents love the thought that cryptocurrency restrains central banks from controlling the money supply because central banks tend to devalue money over time through inflation. Decentralized finance system DeFi is a decentralized financial system that is used as a measure to explore the future of what banking and fiat…

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