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Announcing the new partnership via an official blog post, Polygon (formerly Matic Network) noted that Atari would leverage its Layer 2 solutions to improve the scalability of the Atari Token (ATRI), non-fungible tokens (NFTs) and token-related products.

🚀 Polygon's L2 will increase the scalability of the Atari Token & NFTs, enabling the best experience for products in the Atari ecosystem.https://t.co/7lfX5rpeL2 pic.twitter.com/TgGEKtyK46

— Polygon (previously Matic) (@0xPolygon) February 26, 2021

The new partnership will also allow the integration of Polygon’s Layer 2 solution and Atari token on a scalable network that will be interoperable with Ethereum (ETH) via the Polygon bridge.

This will notably give Atari’s gaming users direct and easier access to NFTs as well as other token-related products. Additionally, Polygon noted that the low-cost ecosystem and fast confirmation times make Polygon’s L2 favorable for minting NFTs.

Expressing his excitement with the new partnership, Frederic Chesnais, Atari’s CEO, noted that the collaboration with Polygon would enable the gaming company to utilize Polygon’s Layer 2 solution.

“This will allow us to provide our users with the best possible experience when interacting with the Atari Token and our blockchain-related products,” he said.

According to the announcement, Atari will also tap Polygon’s high throughput network to launch an NFT minter that will allow Atari token holders to issue NFTs that can be exchanged or sold on popular NFT marketplaces.

NFT trading will begin on OpenSea, the purpose-built digital marketplace. Notably, due to the partnership, Atari can now enjoy the speed, tooling, community, and scalability features that the scaling solution offers.

Sandeep Nailwal, co-founder and COO of Polygon, is also delighted with this new partnership. He noted that the collaboration happened due to the scaling solution’s belief that consumer-friendly blockchain products’ future, including gaming and NFTs, lies on Layer 2.

He said, “We’re delighted to partner with Atari to explore ways to add utility to its entertainment ecosystem and develop ways of capturing the full value of Atari Token and supplementary products, operating on Polygon’s scalable network.”

John Lilic, Managing Director for Global Business Technology Development, Strategy, and Operations at ConsenSys, via his Twitter account, also expressed his joy with the new collaboration.

— John Lilic (@JohnLilic) February 26, 2021

At the time of publication, Atari’s (ATRI) token price has dropped by 0.5% in the last 24 hours. It was trading at $0.147672, with a market cap of $59,061,978 and a 24-hour trading volume of $143,140.

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Another firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC.

The finance manager Arca has filed a Form D registration with the U.S. SEC in order to provide investors with a new bitcoin trust offering. The fund will be called the “Arca Accredited Investor Bitcoin Trust” and it will be taking investments of $25k or more, according to the Arca filing. This is half the value of Grayscale’s GBTC minimum investments set at $50k.

Arca has other crypto fund products and the Arca U.S. Treasury Fund. The fund is “a closed-end fund registered under the Investment Company Act of 1940 issuing shares as digital securities that are transferable using blockchain technology,” according to the company. The Arca U.S. Treasury Fund dubbed “arcoin” was launched on July 6, 2020. The Arca Accredited Investor Bitcoin Trust will focus on bitcoin (BTC).

Arca will compete with the Grayscale Bitcoin Trust, a popular investment vehicle that commands more than 3% of the entire BTC supply. Grayscale purchased $350 million worth of BTC this past week as the trust now has around 690,000 BTC held in custody. Arca’s Form D registration does not disclose the issuance size and will use the federal exemption Rule 506(c). The California-based firm will be competing with not just Grayscale but a number of other funds joining the bitcoin trust race.

News.Bitcoin.com recently reported on the Bitwise fund and the offering from the financial services firm Blockfi. But the Arca bitcoin trust will also compete with trusts stemming from Crosstower, and the Osprey Fund as well. All of the trusts have different frameworks for fees that are different from Grayscale’s fee structure.

What do you think about the Arca Accredited Investor Bitcoin Trust? Let us know what you think about this subject in the comments section below.

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Microsoft founder Bill Gates has warned investors with less money than Elon Musk, CEO of Tesla, to be wary of bitcoin.

Musk used pro-bitcoin tweets before his company, Tesla, added $ 1.5 billion worth of bitcoin, pushing the cryptocurrency higher.

“Elon has tons of money and he’s very sophisticated, so I don’t worry that his bitcoin will sort of randomly go up or down,” Gates told Bloomberg.

“I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out,” Gates added.

Gates said he had not personally invested in Bitcoin, adding that he would prefer to invest in production.

“I do not choose my investments based on whether they would appreciate in value or not,” he pointed out.

Bitcoin’s intangible currency is known for its extreme volatility, jumping to nearly $60,000 last week after collapsing below $4,000 in March 2020.

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It rebounded over the summer and started its latest bullish jump in October, surpassing its 2017 high in December as big institutions showed interest in digital currencies.

Last week, the combined value of 18.6 million Bitcoins reached $1 trillion, as the cryptocurrency obsession resurfaces.

Although the bitcoin price has dropped by nearly 20% over the past week, many in the bitcoin and cryptocurrency community are still bullish about digital mining. Meantime, bitcoin rose 3.92% to  $ 47,158.58 on Saturday.

لوما نيوز محرك بحث اخبارى و تخلي لوما نيوز مسئوليتها الكاملة عن محتوي الخبر Bill Gates Issues Bitcoin Warning او الصور وانما تقع المسئولية علي الناشر الاصلي للخبر و المصدر صدى البلد كما يتحمل الناشر الاصلى حقوق النشر و وحقوق الملكية الفكرية للخبر .تم نقل هذا الخبر اوتوماتيكيا وفي حالة امتلاكك للخبر وتريد حذفة او تكذيبة يرجي الرجوع الي المصدر الاصلي للخبر اولا ثم مراسلتنا لحذف الخبر

Hindsight is 20/20, but when money is on the line, being prepared can give investors better foresight. Just over a year and a half ago, Investopedia reported on the panic among many crypto investors who’d found themselves on the wrong side of the taxman. The article read, “Online forums like Reddit are abuzz with posts citing possible scenarios by worried investors about pending tax liabilities for their past dealings in cryptocoins, which may now leave them poorer.”

Related: Parents, it’s time for ‘the talk’: Did your kid trade crypto in 2020?

A handful of libertarian, crypto torchbearers might be inclined to believe that the built-in anonymity privileges of blockchain may save them from government scrutiny, but after all, the Internal Revenue Service isn’t quick to let go of these matters.

Digital currencies and tokenized assets tend to be a mixed bag under the U.S. tax code. Many investors think of Bitcoin as a digital currency, like fiat currencies used regularly by consumers to buy goods. However, under the U.S. tax code, Bitcoin is actually considered “property” and is taxed under capital gains tax when either sold or used to purchase items or transferred for other digital currencies, such as trading Bitcoin for Ether (ETH). For example, purchasing a house with Bitcoin in the U.S. would trigger a taxable event on capital gains, and the exchange of Bitcoin for any other type of asset is considered a sale in the same way you might sell security like a stock.

Related: Crypto taxes, reporting and tax audits in 2021

It’s difficult to pinpoint why Bitcoin is classified differently from fiat currencies, but precedent in how Bitcoin is utilized by investors may tell us the answer. The IRS likely recognizes Bitcoin as a property asset because the popular crypto asset serves most users as an investment utility and not as a functional currency in the same way the fiat U.S. dollar does. More importantly, because these types of assets are not issued by a central bank, the U.S. government will not recognize them as such until further notice. Understanding crypto taxation also means digging into the little details.

Unlike centralized financial systems, decentralized systems require investors to take a far more active role in diligently tracking their investments from the moment of purchase to sale or exchange for commodities.

At the most basic level, the onus falls more on the investor to track the purchase date, purchase price and what was received in exchange for the Bitcoin in the case of a sale. In contrast, investment history in traditional, non-digital assets, such as stocks or commodities, is fairly easy to track because of the diligent records that brokerages maintain for clients and how readily accessible they are.

Basics aside, there is one area in particular in which many accredited investors miss the mark.

Crypto hedge funds are reputed for offering lucrative crypto opportunities. While some crypto hedge funds are considered risky due to questions about crypto-market liquidity, they can be the better route to invest instead of buying individual units of Bitcoin. And as of late, they have proven themselves increasingly popular over the last year. According to Big Four audit firm PricewaterhouseCoopers, assets under management with crypto hedge funds rose from $1 billion in value in 2018 to over $2 billion in value in 2019. Despite piquing the interest of investors, buyers beware.

Compared to traditional assets, when onboarding investors for crypto assets, it’s a whole different ball game. Unlike traditional assets, it’s imperative that digital asset hedge funds ask deeper questions about tax considerations. Some questions regarding crypto investments should include: What kind of property is cryptocurrency x? or Can staking assets on proof-of-stake networks, which offer rewards for staking, be classified as unique income? These are just the basics, but questions like these can easily slip the mind when in the moment and can trigger unintended tax events.

On the other hand, when joining a hedge fund, it’s standard procedure to sign a standard legal entity fund structure, which is often as lengthy as 500 pages. Included are taxation clauses in the contract that explain the implications of investing with the fund. But with hundreds of pages of details, investors may not pay close attention to the little details, inadvertently putting them at serious risk of conflict with the IRS at a later juncture. That’s where a tax advisor should come in, who is accustomed to a more passive role.

Because of crypto’s unique properties, the tax advisor’s role has to become more active rather than passive, as it usually is. Rather than take a backseat, tax advisors should be summoned to provide consultation on investments before they’re undertaken and play a proactive role in educating investors every step of the way. As a result, investors would find themselves better prepared to provide a comprehensive and abiding tax return, rather than find themselves on the short end of the stick, playing catch up with the IRS.

When the taxman comes knocking, it’s better to be safe than sorry and know the regulations; otherwise, the consequences could be much graver. More importantly, the tax advisor must be in the passenger seat, not the back seat, when investors sign on the dotted line.

Coinbaazar (established by Coinbaazar LLC) is a European crypto currency P2P escrow exchange. Coinbaazar was launched in the year 2019 and has set new standards in P2P crypto offerings with very low transaction fees, easy payment methods and secured and smooth transactions, making it a preferred exchange for trading of bitcoins. Buying or selling Bitcoins couldn’t be a quicker or more convenient affair than at https://coinbaazar.com/.

Since coinbaazar uses Core Blockchain technology instead of any third party APIs for Bitcoin wallets, which makes it one of the P2P escrow exchanges with the lowest fee.

Coinbaazar has launched its Mobile App on App Store and Google Play Store, thereby allowing users to store, send & trade Bitcoins by using more than 300+ unique payment methods available around the world, from Paypal to M-pesa, Gift Cards, Bank Transfer and many more!!

“Coinbaazar LLC is registered in Tbilisi, Georgia (Europe) and is registered with Dun & Bradstreet. It has been promoted by HNI professionals & Technocrats having diverse experience in the field of engineering & IT, and are well versed with the latest trends in its technology related to Blockchain & crypto currencies”.

Buying or selling Bitcoin at Coinbaazar has been simplified with an attractive user interface. Traders can search or browse through the seller or buyer’s list from various countries and currencies to choose from. Clicking on the buy/sell button displays the trader’s details and terms of engagement where the trades can be made. Further, Coinbaazar has five layers of security – and have followed stringiest security standards of protocols by rigorous testing for more than a year which definitely makes it one of the highly secured platform in the industry.

One prominent factor behind Coinbaazar’s great ease and speed is its latest state of the art technology. The exchange is a public-domain, crypto currency platform where the transactions are protected via ESCROW. Coinbaazar thus ensures smooth & friendly trading experience with full security of funds, as the trades are carried out with utmost transparency and security. The purchase and/or sale of Bitcoins can be completed with the latest and highest levels of security using protocols such as 2FA, Google Authenticator and Mobile OTP Authentication.

Another great advantage of using Coinbaazar is that even new users or first time buyers/sellers can trade in peer-to-peer transactions with confidence because they are supported via live chat. The Professional Moderators are there to resolve the disputes in the shortest possible time. Another feature is the live news section and blogs to keep you abreast with the latest, on the blog page https://blog.coinbaazar.com/.

To make the platform even more interesting & interactive, Coinbaazar has introduced yet another unique feature of live chat room on https://blog.coinbaazar.com/chat-room/ for people to connect with each other, wherein one can discuss latest news, topics, exchanging feedbacks and other crypto related experiences.

As Coinbaazar believes in ethical practice, dedicated in house team of professionals, highest security protocols and prompt & continual customer support, which gives it an edge over other platforms.

“While visiting… Please make sure to enter the correct spelling COIN… BAA…ZAR and always look for the vibrant “BULL” logo, which is the registered trademark.”

Not to be left out, Nasdaq-listed business intelligence company MicroStrategy has revealed details of its recent Bitcoin purchase. The company, in an official press release, disclosed that it has spent a whopping $1.026 billion and acquired about 19,452 bitcoins. According to reports, the company purchased each Bitcoin alongside network fees, charges, and expenses at approximately $52,765.

MicroStrategy has been touted as the source of the 2020 Bitcoin price rally following its initial purchase of $250 million in BTC. The company is also the first-ever Nasdaq-listed company to buy Bitcoin. Following its initial purchase, the company also spent an additional $175 million on Bitcoin. Therefore, bringing its entire purchase in September 2020 to a whopping $425 million and an estimated 0.2% of the total Bitcoin supply.

Its recent purchase of $1.026 billion worth of BTC brings its total Bitcoin holdings to approximately 90,531 bitcoins. All of which were obtained at an estimated total of $2.171 billion. Each Bitcoin currently owned by MicroStrategy was purchased at an average price of $23,985, fees and expenses included.

Speaking on the recent purchase, Michael Saylor, CEO of MicroStrategy, disclosed that the compay’s two major focuses, for now, was holding Bitcoin and expanding its analytics software business. He further reiterated his belief in BTC being a reliable store of value. According to him, the company will continue to purchase Bitcoin with any extra cash. Saylor also disclosed that depending on market conditions, the company might “issue debt or equity securities in capital raising transactions with the objective of using the proceeds to purchase additional bitcoin.”

Phong Le, President of MicroStrategy, also reaffirmed Saylor’s stance. He added that purchasing Bitcoin and the firm’s entire BTC holdings are intertwined with its vision to grow its business.

According to Bloomberg, MicroStrategy’s share price has surged by about 400% in the past year.

Interestingly, Jack Dorsey’s Square, despite the dip, also recently purchased an additional $170 million worth of Bitcoin.

At the time of publication, BTC was down by -2% and was trading at $46,763.36. Bitcoin also had a 24-hour low of $45,057.44 and a 24-hour high of $48,484.48. The “King Crypto” also had a market cap of $871,683,395,909 and a 24-hour trading volume of $56,016,129,224.

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Let’s find out some interesting crypto news for today.

Polygon partnered with gaming giant Atari to bring NFTs and token products to Layer 2. Moreover, Atari produces interactive online games for smartphones, tablets, and other top brands. With this partnership, Atari Token (ATRI) is now available on the scalable network that connects to Ethereum via the Polygon Bridge. In addition, NFTs on Atari will explore Polygon’s L2 features such as ultra-low fee environment and fast confirmation speed. Additionally, the Atari team also has plans to launch an NFT minter using Polygon’s high throughput network. Further, this will increase scalability for Atari token holders to create innovative NFTs which can be traded and sold on big NFT marketplaces.

Fuse Network partnered with Pocket Network to optimize the Fuse-Ethereum bridge. Moreover, Pocket is a decentralized infrastructure protocol that interfaces applications with blockchain nodes with privacy and cost-effectiveness. With this partnership, Fuse applications will get access to more than 2,000 nodes of Pocket in the Ethereum ecosystem. Besides this, Pocket Network will make the Fuse-Ethereum bridge more robust and less expensive by setting up a Fuse node, which will enhance the decentralization of the Fuse backbone in near future. Additionally, the team has plans to use POKT staking for providing Pocket Network services access to Fuse applications.

Elrond partnered with NETOPIA to offer eGold payment options for 30,000 merchants. Moreover, NETOPIA is one of the leading digital payment solution providers in Romania. It offers payment solutions through its mobilPay wallet and a lot of other services, such as SMS, card, and crypto payments. As per the tweet, this collaboration will provide an option for online merchants to accept payments in eGold. Further, the Netopia system will settle this transaction in the merchant’s account with fiat currency. In addition, eGold users will get direct access to goods and services which will save their time and fees associated with the regular payment processors.

Cartesi collaborated with Avalanche to grow Layer 2 infrastructure within DeFi. As per the tweet, the team will enable a Linux environment for smart contracts and higher computational scalability. This integration will help developers building on Avalanche to execute contracts using mainstream software stacks supported by Linux. Moreover, Cartesi is a decentralized platform that allows smart contracts to run off-chain securely. Additionally, its Layer 2 technology will help to implement processing-intensive applications for DeFi, enterprises, decentralized games, and more.

Last on our list of crypto news, we have the Elrond and e-Money coalition to bring European currencies to the Elrond Network. Moreover, e-Money provides currency-backed tokens which help users to bridge the gap between digital currencies and the traditional financial system. This partnership will help to issue e-Money stablecoins to circulate on the Elrond Network as ESDT tokens. Additionally, stablecoins issued on e-Money, such as EUR, CHF, SEK, NOK, and DKK, will be available in Elrond payments and DeFi integrations. Furthermore, these e-Money stablecoins are interest-bearing and provide total transparency, which is ensured by quarterly reserve audits performed by Ernst & Young.

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The year 2008 marked the turning point in the financial industry. Although at that time, not many knew that the birth of Bitcoin will lead to the disruption of the conventional banking system and how we pay for services and business in general. Since its inception, Bitcoin became a trendsetter paving the way for various cryptocurrencies that are developed on a decentralized peer-to-peer system. It has further become the primary benchmark for many cryptocurrencies, influencing a rapidly growing market within the financial market. This relatively new market is known as the cryptocurrency market.

The cryptocurrency market at large including Bitcoin has experienced vast growth and development since its inception. In fact, Bitcoin reached a great milestone of $1Trillion in market cap on the 19th of February 2021 with the entire cryptocurrency market having a market cap of roughly $1.7trillion. This high liquidity present in the cryptocurrency market has come to be one of its alluring features among so many others such as its decentralized nature, vast potential gains, and numerous trading opportunities. Investors and traders are now pouring into the cryptocurrency market to make their own considerable profit.

Even with the cryptocurrency market filled with so many opportunities, it is not without its risks. Investors and traders who operate in the cryptocurrency market are always warned about the volatility of the crypto market. This is because as much as traders can take good advantage of the market’s volatility, it could also cause a huge loss in investments when trades go sideways.For such investment risk present in the cryptocurrency market, we advise that intending traders should take their time in studying the dynamics of the cryptocurrency market so as not to make avoidable trading errors leading to loss of investments in the market. As a new investor looking to begin his/her crypto trading career, the first and fundamental step to take is to choose a crypto exchange platform.

Cryptocurrency exchange platforms were established to assist investors in the buying and selling of various digital coins in the cryptocurrency market. Without crypto exchange platforms, investors won’t be able to access the crypto market as exchanges are the pathway to the trading world. This makes it compulsory for investors to choose an exchange platform to make a trading partner.

It might be surprising to realize that choosing an exchange platform is no longer a simple and straightforward thing to do. Investors now have to research the features and benefits of several exchange platforms to be able to separate scams and mediocre exchange platforms from legitimate and decent ones.  However, investors have always complained about how frustrating and tiring carrying out these researches can be and that is why we’ve decided to place the burden on ourselves and make this researches for you.

We’ll be making reviews of decent and legitimate exchange platforms investors can choose as their trading partner in the cryptocurrency market. For this guide, we’ll be discussing the Cryptonex exchange platform. This is the Cryptonex review. This guide will expressly give an insight into the operations, attributes, and services of the Cryptonex exchange platform so you can decide for yourself if it suits your training needs and style.

Cryptonex is a very popular wallet service provider and crypto exchange platform supported by the eponymous coin. The exchange platform was established in October 2017 by Pavel Kalinin, who is presently the Managing Director of the platform.

Pavel Kalinin worked together with a team of Financial Investment Group who specializes in the development of software for the financial markets to develop various features and components that make up the Cryptonex exchange platform.

The exchange platform was created to provide investors and traders the chance to buy and sell various tokens and cryptocurrencies using any fiat currency across the globe. Cryptonex also allows for instant payment of services and goods using payment cards and mobile phones with one of the lowest commissions.

Furthermore, the Cryptonex exchange platform just like most modern exchange platforms developed its own digital coin known as Cryptonex Coin. Cryptonex then allows its clients to trade the Cryptonex Coin alongside the two biggest cryptocurrencies; Bitcoin and Ethereum. The exchange platform lists these cryptocurrencies against a wide variety of fiat currencies to form numerous trading pairs. 

Let’s have a proper look at some of the features and benefits offered by this exchange platform.

The trading platform is arguably the most important feature on an exchange platform. It is the software algorithm that controls and oversees most of the trading activities carried out in the cryptocurrency market. The trading platform displays listed cryptocurrency pairs, allows execution of trades, monitoring of market trends and so much more. Hence, it is quite impossible to come across an exchange platform with no trading platform to offer.

The trading platform offered from one exchange platform to the next differs in terms of customization, ease of use, navigation, and user-interface. This is because each exchange platform follows different criteria to offer what they think is best for their clients.

However, regardless of the differences, It is expected of an exchange platform to provide a decent trading platform that is adequate enough to perform various trading activities smoothly and without glitches to give the best trading experience to its clients.  This is what Cryptonex has brought to the table.

The Cryptonex exchange platform in looking out for its clients developed a trading platform that offers an extraordinary trading experience. The entirety of the trading platform is designed to be simple, easy to navigate, a  user-friendly interface. The trading platform like every other crypto exchange platform comes with an order book, price charts of different digital assets, buy and sell-boxes, and so much more.

One of the things traders consider before choosing an exchange platform is the commission charged by such an exchange platform. Every exchange platform charges commissions on various trading activities which are quite normal as that is how exchanges make their profits from the crypto market. However, the commission charged varies from one exchange platform to the next.

As a result of this, investors are always on the lookout for exchanges charging low fees and commissions so that they can fully maximize their profits in the long run. This implies that exchanges with high commissions are turn-offs to investors as they are not ready to pay more than required to have access to trading.

Fees charged by exchange platforms are usually in the form of trading fees and withdrawals/deposit fees and this goes the same for the Cryptonex exchange platform. The Cryptonex exchange platform charges one of the lowest commissions in the cryptocurrency market offering a highly competitive advantage over other exchanges.

Exchange platforms charge a trading fee on every trade execution performed by an investor. The trading fee charged by exchange platforms is divided into makers and takers fees which can be charged at a flat rate or each fee having its specific percentage.

As regards the Cryptonex exchange platform, it charges a flat rate of 0.10% on both takers fee and markers fee which is way below the industry’s global average most especially for the fiat-to-crypto trading pairs such a CNX to ERU, GBP, RUB, BRL, or USD which are mostly priced very high.

As mentioned earlier, exchange platforms do charge commissions on withdrawals and Cryptonex is not an exception. Even though Cryptonex charges a very low trading fee, that isn’t the case when it comes to its withdrawal fee.

The Cryptonex exchange platform charges a withdrawal fee of 0.001 BTC on every BTC withdrawal. This is really on the high side as it is above the industry’s global average which is around 0.0006BTC on every BTC withdrawal. 

Just like some of the new cryptocurrency exchange platforms springing up in the crypto market, Cryptonex developed its own cryptocurrency known as the Cryptonex Coin (CNX)

The Cryptonex Coin (CNX) was created to enable rapid and instantaneous transactions between fiat currencies and cryptocurrencies. The coin is listed on the Cryptonex exchange platform being traded against Ethereum, Bitcoin and other fiat currencies.

The Cryptonex Coin is designed to have a maximum supply of 210 million in circulation but presently, about 85 million CNX coins are in circulation having a market cap of

CNX presently has a market price of $5.80, however, the digital coin recorded an all-time high of $10 towards the end of January in 2018. Holding about % of the total CNX in circulation, the Cryptonex team holds roughly 5 million CNX coins.

For traders, who would love to trade CNX, its transaction fee is highly negligible on all exchange platforms having an average trading fee of 0.0001CNX.

The Cryptonex exchange platform integrated a peer-to-peer exchange system into its operations just a year after its establishment. With the peer-to-peer system, Cryptonex functions as a middle man or guarantor between two investors (a buyer and a seller). Cryptonex offers the P2P feature to its clients both offline and online. For online transactions, the individual who puts out the ad to sell or buy will determine the location to carry out the transaction.

To make use of the P2P service, client’s of Cryptonex simply follow this step-by-step process;

In case a deal goes sideways, Cryptonex makes the report button available so investors can get in touch with a representative to lodge their complaints. 

As mentioned earlier, the first step required to participate in the crypto market is to register with an exchange platform. After that, what follows is the deposit of an initial investment capital. This is because exchange platforms without this initial investment won’t give access to investors to take part in the crypto market.

For investors, more importance is placed on the withdrawal of funds which is expected because the whole point of investing in the crypto market is to make a profit. Hence investors want to be sure that their amassed profits can be withdrawn with ease.

A lot of exchange platforms don’t get to have problems with the deposits of funds, however,  withdrawals seem to be a problem with some exchange platforms (which is usually a ploy used by scam exchanges to rip investors off). However, this isn’t the case with the Cryptonex exchange platform. 

The deposit and withdrawal process employed by the Cryptonex exchange platform is very simple and smooth offering great convenience for its clients. The exchange platform offers its clients two payment method options which offer enough flexibility to its clients in terms of withdrawals and deposits.  The payment method option includes Fiat currency and cryptocurrency. 

A fundamental feature cryptocurrency exchange platforms must have is decent customer service. Investors in the crypto market need a safety net to fall back to when unforeseen circumstances arise. During times like this, they need all the assistance they can get from their chosen exchange platform so that all their complaints and requests can be well catered for.

The Cryptonex exchange platform offers decent customer support. Cryptonex created a team of we’ll experienced support agents to cater to client’s complaints and requests. The support agents are customer-friendly and very efficient at their tasks. Clients can get in touch with a support agent, using various support channels like the popular social media app (e.g Twitter, Facebook, Telegram), via phone calls and emails.

So much has been said about the Cryptonex exchange platform and it is apparent that is it one of the decent exchange platforms in the financial market. However, it is your decision to determine if the exchange platform is best for you and can cater to all your trading needs. In case you need more information about Cryptonex, you can always visit their website.

In the world of cryptocurrencies, XRP is quite different. It is decentralized, but not as much as Bitcoin, Ethereum, and the likes. Unlike them, it doesn’t seek to be an alternative to the traditional banking system but rather to collaborate and improve the conventional banking system. Nonetheless, it is a cryptocurrency.

XRP is a cryptocurrency issued by Ripple and is among the top 10 crypto tokens by market cap. In recent months, it has had its fair share of controversy with the Securities and Exchange Commission (SEC) filing a case against the company behind the crypto asset and its executives.

The lawsuit focuses on whether XRP is a security or not. A multimillion question that has not been answered satisfactorily for years and which would determine the kind of future the digital asset has. While the case’s announcement led to a massive slump in value for the asset at first, the token has since rebounded, thanks mainly to retail investors and traders pumping the its value plus the general bull run of the crypto industry towards the end of last year.

In this article, we examine the current value of XRP, how much it would be worth in the nearest future, and the factors that could determine its future value.

Ripple has been in existence for a while. It was created back in 2004 as RipplePay, but the case of its innovation came too early for its time, as it made no significant mark then. However, it returned in 2012 as Ripple and soon after launched the XRP token.

Ripple XRP is unlike any other cryptocurrency. It differs on many levels, and this includes:

Unlike most of the cryptocurrencies in existence, the coin does not operate on blockchain technology. Instead, it is based on the Ripple Protocol Technology, which means it has no use for a distributed ledger database. This uses gateways linked to servers of the company in multiple countries of the world to verify and process transactions.

While the mining process is considered an integral part of all tokens, it is not the same for XRP. The limit for XRP coin is set at 100 billion coin created by the company. Over 35% of that coin has been released into the market, and the rest is held by the company who releases it periodically to control the supply and circulation of the token. The cryptocurrency is a deflationary one as the number of coins in the market reduces with each transaction.

This virtual asset is centralized, and its parent company, Ripple Lab, strives to create partnerships with traditional financial institutions like banks. The company sells its RippleNet technology to these institutions thereby increasing the popularity of its native token, Ripple XRP. RippleNet technology is a system that connects banks and facilitates cross border payments and settlements.

Due to the differences between Ripple XRP and other cryptocurrencies, it also has some advantages. Some of them are:

This is one of the most significant selling points of Ripple technology. The swiftness of transactions surpasses other cryptocurrencies and beats that of SWIFT wire transfer, the commonly used system in traditional banking. This makes it a better alternative for banks to facilitate the cross border payments as its XRP transactions are exceedingly fast.

Traditional banking system transactions and that of some cryptocurrencies tend to incur hefty transaction fees. But with the digital currency, this fee is drastically reduced to a pittance.

Another positive for it is that the transaction can be reversed or edited to deal with an error, if there is one.

All these features have enabled Ripple network to gain significant partnerships among traditional financial institutions. And it has also influenced the growth in value of Ripple XRP over the years.

For years after its creation, the coin value was so inconsequential that it was almost worthless. Before 2017, the value of the asset hovered around $0.01, but this soon changed as the token began to gain a wider coverage and it also leveraged on the bull run of the crypto industry in that year. By April 2017, XRP rose to $0.05; the gradual climb soon continued as it reached $0.25 in May.

After this, there was no going back for the asset, as it had snared the attention of crypto enthusiasts who saw the value it created and the potential it had. The value of the asset rose all through 2017 and into the early period of 2018 where it got to an all-time high of $3.84.

But this was soon followed by a massive drop in value that affected every other cryptocurrency too; many had labeled the incredible run of the industry as just a bubble, and like every bubble, it was going to burst. This was exactly what panned out in the case of the 2017 crypto industry bull run.

Towards the end of 2019, its price stabilized around $0.30, and did not cross the $0.5 mark all through the year. This means that Ripple XRP hasn’t been able to build on its old glory since then as its value never got to as high as even a dollar. 

However, the bullish run of  2020 that was ignited towards the end of the year, helped the value of the asset to ascend. The value of the token got to as high as $0.8 before finishing the year at $0.66. Early 2021 was supposed to be a continuation of the rise in XRP value, but that could not happen due to the SEC’s announcement of a lawsuit.

Upon the announcement, some exchanges delisted XRP from their platform. Many of those holding the token also sold in panic. This led to the value of XRP plummeting to as low as $0.166. However, it has picked up again, going as high as $0.755. Ripple at present is trading between $0.4 to $0.5.

Looking at this overview, it is easy to see the high volatility of XRP in the past few months which makes it difficult to have a Ripple forecast. But the volatility has not stopped analysts from making XRP forecasts based on trends. It only means that these forecasts can change at the slightest notice. However, they still give a rough estimate of what to expect from the .

There are several predictions as to what the Ripple forecast would be in 2021. This includes its peak prices, what it would be worth by the year-end, and its lowest value within the year.

According to Moody’s research, investor can expect 2021 to be a good year for blockchain with a massive increase in standards that will directly influence Ripple price. Already, Ripple’s XRP already has development plans in motion for 2021.

Given how past developments or even announcements have led to an increase in the value of XRP, the currency might reach $2. This will happen if the actions of Ripple technology lead to a partnership with more financial institutions.

In the past, XRP‘s popularity and, by extension, its increase in value has been heavily influenced by the partnership with these traditional institutions. More partnership will mean more adoption, which invariably means higher value.

However, it is not so simple for XRP. The SEC lawsuit complicates the whole issue even further. Before the SEC filed the case, the outlook for XRP was positive, even if it did not make many optimistic. But the lawsuit cuts its breakout short and makes a Ripple price prediction trajectory more challenging, unlike other cryptocurrencies.

If anything, all these events show how extremely volatile cryptocurrency can be. If XRP should experience a real breakout in 2021, it can reach its all-time high of over $3. But that looks very unlikely as long as the SEC lawsuit hangs over its head.

According to Coinpedia, even with the lawsuit hanging over its head, Ripple XRP will trade at an average of $0.65 by the end of the year. The firm based its predictions on expert opinions that the currency will be worth $0.83 on average by the end of January 2021. This, of course, did not happen.

Thus, the highest projected price for the year is $2 while it could also go as minimum price prediction is $0.1 if the SEC lawsuit is not settled in favour of Ripple

While the outlook might not look very positive for 2021, the future USD predictions look excellent. Though it may not be as high when compared with that of Bitcoin or Ethereum, it is expected that its growth will continue and its value could reach $3 by 2023.

This will happen if all the development plans that Ripple currently has in the offing are initiated, thereby allowing for more partnerships, not just with financial institutions but also with other institutional investors. Such widening of scope for Ripple will have an immediate benefit for XRP.

Five years from now is a long time away to determine what the actual price will be. However, according to Coinswitch’s algorithmic analysis, Ripple price will likely be around $4.52 by 2025.

Future and current partnerships with Banks in Latin America and Europe will help Ripple technology and its native coin. These partnerships will open the door for XRP to gain broader adoption in other parts of the world apart from America. This is already in place with a larger percentage of XRP holders not being in America.

Coinpedia has a more optimistic opinion as to what XRP coin would be worth in 2025, according to its price prediction, the currency would be in a range of $4 to $8 by that time, which would be a record high.

It, however, proposes a midpoint as the likely outcome. This means that by 2025, one XRP would be worth around $6. By this time, the adoption rate would have reached a level where it is more comfortable and more conducive for users to conduct a transaction with the currency and trade with it.

So, for 2025, the highest projected value of the asset is $8 while it could also go as low as $4.

The long-term projection of what the value of XRP would be in the next ten years also seems very remarkable. Experts expect the currency to grow exponentially as its adoption rate will continue to increase with time. By 2030, projections see its rates hitting above $17.

According to Coinswitch, crypto enthusiasts believe that By that time, the use of XRP would have increased significantly. It could become one of the favorite cryptocurrencies at that time.

Predicting the actual value of Ripple’s XRP in a market as volatile as this one is quite difficult. However, many platforms have made one prediction or the other about what the token would be worth, and this represents an easy way to get a clear view of what to expect. Here are some of the predictions:

However, the actual value of XRP at the end of 2020, a little more above $0.6, fell far short of the predictions.

The news platform, Ripple coin news, also has projections on the value of XRP in the next few years. It predicts that the price of the asset would stabilize after it survives this stage that is fraught with complexities. According to its priceforecasts, once Ripple XRP can pass through this stage and expand its alliances, it can achieve a range between $8 to $10. When that would happen, nobody knows, but it could be anytime soon especially with the level of advancement being made in technology.

For the news platform Oracle times, the price prediction could go as high as 2000%. However, it adds a caveat that Ripple should be the best option in the market for cross-border payments.

Given that cross-border transactions account for about $9.8 billion, it is a massive industry for Ripple technology to gain many alliances, which would inevitably help to improve the value of XRP in leaps and bounds.

Judging by these predictions, the one to five years projection for XRP is minimal at best. No one expects a surge that will see it rise beyond or even up to $10. While this does not compare to what other cryptocurrencies such as Bitcoin and Ethereum have, it is still a significant rise if it comes to pass.

One of the best and most detailed XRP price forecast analyses is the one provided by Crypto Rating. This analysis explains the situation at present and future predictions in terms of XRP price action.

To better grasp this and make an accurate prediction, there’s a need to know the trading volume data. It is through this that one can determine the strength of each price trend. Thereby predicting with more effectiveness, the supply and demand shifts, which determine the price changes.

Data from coinmarketcap puts XRP trading volumes at close to $9 billion in the past 24 hours. This number represents a decline in trading volume compared to the day before. From these changes, it is easy to deduce that the demands for XRP have decreased as the supply has fallen.

Crypto Rating makes use of the Crypto Volatility Index (CVIX) to explain the fluctuations better. The index shows the price dynamics currently operating while also explaining what could happen later.

Volatility is an essential feature of the crypto market and one factor that has encouraged and discouraged many traders. The promise of high gains, even with the likelihood of increased risks, is something that continues to attract (many) traders. However, inevitable crises have had a significant effect on the occurrences of this.

With the CVIX, it is easy to understand better the personal sentiments existing in with traders’ and investors’ moods.

Employing the CVIX provides a profound insight into the underlying sentiments as it accurately depicts the participants’ mood. The volatility index is not a new development. The Chicago Board Options Exchange created it to determine participants’ expectations, especially related to the S&P 500 index price index.

The index was redesigned as CVIX for the crypto market. It works exactly like the VIX, except that it considers the demands as it applies to the crypto. For XRP, the value of CVIX is calculated using the average XRP price for a month alongside the deviations within a specific range.

At a particular time, the fluctuations show the extent of negative tension (fear) felt by participants, which is the primary force responsible for volatility.

This means that the level of volatility is very high as investors expect a fluctuation at any time. Looking at how the current value of XRP came to be, it is easy to see how possible that is.

presently, it is currently $0.554, this occurred following a 3.42% gain within the last 24 hours. In the last 30 days, XRP price has risen by 3.37%, and in the past year, it has increased by 3.60%.

One of the biggest challenges for traders and investors is whether or not to invest in XRP. At its current rate, it is far cheaper than most of the other cryptocurrencies. This makes it accessible and easy to buy for anyone.

But in terms of returns, can one say it is worth it? The next five to ten years’ predictions do not position it as the best investment in the market. After all, in the best-case scenarios, it will only increase by 5x or 6x in the next five years. But a value of less than a dollar doesn’t look so bad.

The benefits it seems to offer such as the speed of transactions and low charges; would make it look like a good investment with more potential for institutional backing and developments soon.

But that is not everything. Its quasi-centralization and lack of mining make it a tad fishy as the company can easily manipulate the demands and supply if it wishes. Some people in the crypto community have even referred to it as a sham meant to get its creators rich.

However, Ripple has come out to say that it controls the supply of XRP and holds a larger percentage of the coin for a valid reason. As far back as 2017, it initiated a decentralization strategy for the XRP ledger. The success of that remains questionable.

Another issue that could affect the coin value predictions and any investment decision on XRP is the SEC lawsuit against it. While many believe the case will end in settlement and Ripple itself has defended itself vehemently, there is still enough room for doubts that it may end in favor of the SEC.

If that happens, XRP would no longer be considered a cryptocurrency but instead be seen as security. The lawsuit was responsible for the delisting of XRP from specific exchange platforms and the slump in price early this year.

While the currency has since rebounded, the level of volatility remains incredibly high. This means anything could happen. The CVIX score for XRP, according to Crypto Rating, is enough pointer to this.

Whether you have bought XRP or planning to buy it, this lawsuit remains something to consider. However, it is not enough to decide on investing in XRP. There is a need to study the trends and forecasts that are liable to change in this volatile crypto space.

1If you’re planning to buy or trade XRP, several independent cryptocurrency exchange platforms exist solely for that purpose. They include Bitstamp, Kraken, Gatehub, etc.

Buying on all these platforms is relatively easy and straightforward as they allow you to buy with USD, EUR, and even BTC. All you need is to have an account on the platforms, and you are good to go. You can link your credit or debit card. Wire transfer is usually available on these cryptocurrency exchanges too.

The forecasts for XRP vary widely depending on the analysis and period. However, most of them have two things in common – volatility and a moderately optimistic outlook.

The optimistic forecast will depend on the Ripple payment technology’s increased adoption in almost all predictions. The volatility of the asset, however, could stand as an albatross as it depends majorly on the outcome of the litigation between its parent crypto company and the financial regulator.

Bitcoin made waves in the financial world as its value surged across 2017 to nearly $20,000. As the cryptocurrency doubled in price three years later, many saw the cryptocurrency as one of the most lucrative investments out on the market. Cryptocurrencies like Bitcoin can be bought in seconds with little transaction fees and can be securely stored on digital devices no larger than a thumb drive.

However, some are wary of the big price swings seen with cryptocurrencies like Bitcoin and opt for digital assets with less volatility. Stablecoins, with a reserve asset as a basis, offer stability as they do not fluctuate in price like other crypto assets. Stablecoin can be purchased on a wide variety of platforms like Goldexchange.com.

Both Bitcoin and stablecoins are strong assets. All digital currencies continue to rise in popularity and present themselves as attractive investment options. But which digital option is the better investment? Does one have an advantage over the other?

Keep reading to understand if stablecoins are a better investment than Bitcoin.

Many who own stablecoins choose to hold them for specific reasons. The crypto asset is not a good investment for people interested in making large sums of money, as the price of fiat currencies remain static. While stablecoins backed by precious metals and other commodities are possible investment options, fiat-backed coins still enjoy the largest market percentage.

While currencies like the U.S. Dollar and Euro appear stable, their value does often tend to decline over time. Economic stimulus efforts to ‘print money’ weakens the perception of fiat currencies in some who then see the asset as a depreciating investment.

For example, one U.S. Dollar in 2018 was only able to purchase the equivalent of six cents a century ago. Those skeptical of fiat money (and the centralization of fiat-backed stablecoins) argue Bitcoin would be a better investment as the crypto is decentralized and not linked to the fiat financial system in any way.

While stablecoins remain relatively static in price, it is very unlikely that the cryptocurrency will trade at a higher price than the base asset unless the coin enjoys heavy trade volume and attention. However, a stablecoin could trade at a lower price point than its reserve asset due to a lack of trust or lack of use.

Overall, those who invest in stablecoins have a small chance of making money on their investment but a greater chance of not profiting or even losing money in the wrong scenario (especially with more obscure stablecoins).

Investors who choose Bitcoin have an entirely different world. The cryptocurrency is known for wild price swings that can take place in a matter of moments. The coin surged up in price during 2017 and did the same in 2020 as the coronavirus pandemic led many to seek alternative investments.

Since Bitcoin has no reserve asset, its price could theoretically drop down to zero and become worthless. At the same time, the coin’s price potential is limitless, especially since Bitcoin remains the most popular and well-known crypto coin in and outside the financial world.

Stablecoins are a better choice for investors eager to maintain their portfolios and avoid as much risk as possible. Bitcoin remains the best investment option for people willing to take a risk to potentially make large amounts of money and grow their portfolios.

Both stablecoins and Bitcoin remain strong investment opportunities. Digital currencies continue to grow in popularity as more investors and businesses see their value. Diversifying a portfolio with any virtual currency introduces people to the potential and real-world applicability of cryptocurrencies.

Bitcoin’s perception as an on-ramp into the virtual currency world helps the coin maintain strong value and prominence. The rise of decentralized finance has breathed new life into the stablecoin world as the asset is commonly used to transact and function as a bridge between the traditional and cryptocurrency economies.

The question if stablecoins are a better investment than Bitcoin comes down to personal preference. Stablecoins are a better choice for those who believe in DeFi and are interested in avoiding violent price fluctuations (and the potential to lose money).

However, Bitcoin’s immense potential makes the coin a better choice for investors looking for more risk (and the possibility of high rewards). Investors need to make personal decisions about the aggressiveness of their strategies and weigh the pros and cons of each asset before making an investment decision.

Bitcoin has had an exceptionally trying week, and it doesn’t bode well for March — a month that’s traditionally bearish for the world’s biggest cryptocurrency.

After hitting record highs of $58,300 last Sunday, Bitcoin suffered a dramatic reversal of fortunes — crashing to $46,000 on Tuesday. Elon Musk might not have helped matters… in the run-up to the correction, he had tweeted that BTC and ETH seemed high.

Analysts and investors alike breathed a sigh of relief on Wednesday when Bitcoin managed to retake $50,000 — with some proclaiming that the asset had undergone a “healthy correction.” But this narrative proved shaky when BTC plunged yet again on Friday to lows of $44,454.84.

All of this comes amid a backdrop of unease in the traditional markets, and this week’s price activity suggests BTC faces an uphill struggle if it’s going to appreciate further. Generally, analysts are looking for $50,000 to become an established support before expecting any bullish continuation.

A flurry of good news throughout the week may have prevented things from going bad to worse for Bitcoin. Early in the week, two institutions announced they were doubling down on their BTC buy-ins. 

MicroStrategy purchased an additional 19,452 coins, with CEO Michael Saylor declaring that his company has no intention of slowing down. It came after Square announced it had purchased 3,318 BTC for $170 million — following on from a $50-million spending spree in October 2020.

Bitfinex and Tether also announced that they had reached a settlement with the New York attorney general, linked to ongoing allegations that Tether misrepresented the degree to which USDT stablecoins were backed by fiat collateral. Under the terms of the deal, both companies will have to pay $18.5 million in damages, report on their reserves periodically, and stop serving customers in the state.

On Friday, JPMorgan helped to cheer up the markets by telling clients that allocating 1% of a portfolio to Bitcoin would serve as a hedge against fluctuations in stocks, bonds and commodities.

Moving beyond Bitcoin, there’s been a lot of movement in the altcoin markets. 

Last week, Binance Coin had stolen the show with a stunning triple-digit surge that helped it become the world’s No. 3 cryptocurrency. Fast forward to this week, and it’s now been overtaken by Cardano’s ADA.

A fresh wave of optimism and buying volume on Friday pushed its price to a new all-time high, and momentum for the project has been building throughout February. Open interest for ADA futures also rose to $580 million, surpassing Litecoin to become the third-largest derivatives market.

All of this comes as an exodus from the Ethereum blockchain continues, with 1inch becoming the latest DeFi project to expand to Binance Smart Chain.

As the old saying goes: “The sun don’t shine on the same dog’s ass every day.”

The sun was certainly shining on Elon Musk when the week began. One analyst had suggested that Tesla had made $1 billion in profit since making its Bitcoin investment. That’s more than the profit generated by selling electric vehicles (what it’s known for) across the whole of 2020.

Alas, that was before the carnage seen on the crypto markets. To make matters worse, Tesla’s share price has dropped by more than 20% from the highs of $890 seen on Jan. 26. These joint factors prompted Musk to lose his crown as the world’s richest man. Some analysts wasted little time in attributing TSLA’s crash to its association with Bitcoin.

But there’s another threat on the horizon, with reports suggesting that the U.S. Securities and Exchange Commission could investigate Musk’s alleged impact on BTC and DOGE through his many, many tweets.

The billionaire made a concerted effort to shrug off these concerns, suggesting he would even welcome such a probe.

We’ve been learning a lot more about Coinbase this week as it gears up to launch on the stock market. One particular hipster-ish announcement came when the exchange declared that it’s held Bitcoin and other cryptos on its balance sheet for nine years.

Coinbase sought to package this announcement as a paean to other corporations that might be considering a similar move — touting itself as an authority in advising institutions about how to deal with their own prospective investments.

In other news, the company submitted its S-1 report to the Securities and Exchange Commission this week. The filing revealed that the exchange generated revenues of $1.1 billion in 2020 — 96% of which came from transaction fees. Net income in 2020 came in at $327 million… a stark contrast to the $46 million loss seen the year before.

At the end of the week, Bitcoin is at $46,609.99 , Ether at $1,470.17 and XRP at $0.43. The total market cap is at $1,429,222,267,885.

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Fantom , Pundi X and Cardano. The top three altcoin losers of the week are Dodo , Horizen and Venus.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis . 

“As gas price stays too high, we see a lot of projects, tokens and users coming to BSC, and this is the right moment for 1inch to expand to other blockchains.”

Sergey Kunz, 1inch co-founder

“Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet — and we plan to maintain an investment in crypto assets as we believe strongly in the long-term potential of the cryptoeconomy.”

Coinbase

“Incredible scale for a technology that critics claimed couldn’t scale.”

Ryan Watkins, Messari researcher

“It’s very rare to see pre-GPU era bitcoins move, it only happened dozens of times in the past few years. And no, it’s probably not Satoshi.”

Antoine Le Calvez

“The company now holds over 90,000 bitcoins, reaffirming our belief that bitcoin, as the world’s most widely-adopted cryptocurrency, can serve as a dependable store of value.”

Michael Saylor, MicroStrategy CEO

“[I’m] very positive on Bitcoin, very happy to see a healthy correction here.”

Cathie Wood, Ark Investment Management founder

“We are now sitting on 2.35x the previous cycle ATH OF 20k. WE ARE JUST GETTING STARTED.”

Bitcoin Archive

“Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future.”

“I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

Michael Saylor, MicroStrategy CEO 

“We’ve experienced 2018 & 2019. This is nothing.” 

Michaël van de Poppe, Cointelegraph Markets analyst

“I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

Bill Gates, Microsoft founder

“But we’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum.”

Lark Davis, crypto influencer

“I lost most of my life savings and haven’t received a response from a human. I’d think they would refund or they would lose all their customers. I’m sick to my stomach but will join the lawsuit with plenty of proof(screenshots) if not refunded.” 

u/dtk6802, Reddit user

“In our view, many institutional investors are entering with a buy-and-hold mentality given their understanding of Bitcoin as digital gold.”

Martin Gaspar, CrossTower research analyst

“I think Tesla is going to double down on its Bitcoin investment.”

Dan Ives, Wedbush analyst

We love an outlandish prediction here at Hodler’s Digest… and Michael Saylor certainly delivered the goods this week.

The MicroStrategy CEO declared that Bitcoin will be the savings method of choice for a staggering 1 billion people in just five years’ time. That’s despite the fact that just 21 million BTC exist… and his company already owns 90,000 of it.

Saylor’s comments came after U.S. Treasury Secretary Janet Yellen launched her latest attack on Bitcoin, describing it as “inefficient.”

In a confident interview with CNBC, he declared that Bitcoin “is the dominant digital monetary network,” adding: “I think you can expect that we’ll have a billion people storing their value — in essence, a savings account — on a mobile device within five years, and they’re going to want to use something like Bitcoin.”

Microsoft founder Bill Gates had a big warning for Bitcoin buyers this week.

Speaking to Bloomberg, he warned: “Elon has tons of money, and he’s very sophisticated so, you know, I don’t worry that his Bitcoin would randomly go up or down.”

Gates said it would be a mistake for the average investor to blindly follow the mania of optimism surrounding Musk’s market moves, telling those who aren’t billionaires to “watch out.” 

Criticizing Bitcoin’s energy consumption, he added: “I do think people get drawn into these manias who may not have as much money to spare. So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out.”

This isn’t to say that Gates thinks digital currencies are a bad thing. He just believes that they should be transparent, reversible and (essentially) centralized.

As you’d expect, a post-mortem is now fully underway after this week’s carnage in the crypto markets.

Curiously, data from Santiment suggests that the initial crash may have been linked to a huge transaction that took place after Sunday’s all-time high of $58,300. The transfer of 2,700 BTC — worth $156 million at the time — was the second-biggest transaction of 2021.

It’s possible that this whale cashing out contributed to unbearable selling pressure in the market, which snowballed into the largest one-hour candle in Bitcoin’s history. If enough alarm bells weren’t ringing, this self-same wallet also dumped 2,000 BTC just before last March’s infamous flash crash.

A prominent crypto influencer has warned that Ethereum’s competitors will continue to siphon away users should Eth2 fail to launch soon amid ever-increasing gas fees.

Lark Davis said Ethereum’s skyrocketing fees has meant that only “rich investors” can afford to use the network, prompting smaller users to switch to competitors like Binance Smart Chain.  

Describing the current gas fee prices as “totally loco,” Davis urged Ethereum developers to expedite the launch of Eth2 in response to the skyrocketing to prevent a further exodus of users to cheaper alternatives. He added: “We’re now to the point where ETH 1.0 — oh, we need ETH 2.0 so soon, come on, Vitalik, get it going, man — ETH 1.0, most regular users are priced out of using the majority of applications on Ethereum. […] A transaction on Uniswap costs $50 on average these days, and that is just crazy.”

He’s just 28 years old, but Sam Bankman-Fried has already amassed a $10-billion fortune. But unlike most people in crypto, he’s building up this fortune to give half of it away.

Mastercard is set to open the shop doors to crypto as a means of payment in 2021, but it will likely be a challenge for the firm.

Bitcoin’s market cap broke the $1-trillion barrier without a final push from institutions — could their influence be overrated?

Ethereum’s value has had dramatic falls in the past, such as the one that occurred in early 2018. On the occasion, ETH’s value remained low until its up-climbing recovery in June 2020 (almost 2 years after).

A famous quote states that “those who cannot remember the past are condemned to repeat it”. In this sense, crypto investors would be wise in taking a look at Ethereum’s history to learn how to react in case a dramatic fall happens once again.

This is likely with all the cryptos once the bullish market cycle finishes. So it doesn’t matter if you buy bitcoin, ETH, ICX, ARK, etc. – make sure to cash out the profits before they crash.

Considered by many people as “Bitcoin’s shadow currency”, Ethereum is the most prominent of the crypto underdogs. Sometimes called Ether, the digital currency is the second-largest cryptocurrency by value.

Launched back in 2015, Ethereum’s value lies in its smart contract functionality and clever design. Offering many possibilities for both crypto enthusiasts and investors, Ethereum smart contracts permitted the creation of DApps (decentralized applications) and the rise of DeFi (Decentralized Finance).

Following an initial fundraiser, Ethereum was launched and 72 million coins were minted and distributed to the initial founders of the project.

Ethereum was the first crypto network to structure its functionality around the concept of decentralization. While there is a central organism that created the network, they do not hold authority over the miners, who are a crucial part of ETH’s decentralization.

In the following year (2016), the network was exposed to one of the most famous hack attacks in the history of cryptocurrency. The DAO hack, as the situation was named, showed the world the risks associated with digital money.

At the occasion, specialists pointed out many gaps and loopholes that could have exposed many other actors in the network, including other DAOs (Decentralized Autonomous Organizations), token holders, exchanges, miners, nodes, and the Ethereum Foundation itself.

Consequently, since the DAO event, the protocol has been gone through several changes. One of the most significant changes was the implementation of hard forks, which can be understood as planned or unplanned changes in the protocol.

The last planned fork is still occurring in 2021 with the implementation of ETH 2.0, which presented the world with the new layering of the Ethereum protocol to allow faster processing times, higher processing power, more interoperability, and fewer fees associated with the process.

Since cryptocurrencies (especially BTC) have established themselves as a valuable-yet-unstable type of investment, many specialists are constantly predicting some type of collapse of a speculative bubble surrounding the crypto market.

Indeed, things do not go as expected sometimes, especially when it comes to cryptocurrency. In 2018, the crypto industry suffered a major setback, which included a vast sell-off of cryptocurrencies.

On the occasion, BTC prices fell 65%, shocking the whole crypto industry. Following the negative tendency, Ethereum price went all way down as well. Through the rest of the year, cryptocurrencies collapsed 80% from their peak in January 2018. You can find the latest cryptocurrencies prices with Paybis.

Ethereum fell from an early-year high of $1,300 to just $91 by December 2018. Accordingly, some experts considered the 2018 cryptocurrency crash worse than the dot-com bubble collapse back in the ’90s.

At that time, Ethereum’s co-founder Vitalik Buterin tweeted a notice remembering users that “cryptocurrencies are still a new and hyper-volatile asset class and could drop to near-zero at any time. Don’t put in more money than you can afford to lose.”

ETH is shining once again with a new ATH over $1600 USD, with the expectation to go beyond $2000 USD – talk about a recovery!

Several factors helped to bring Ethereum to the spotlights once again, which includes:

However, for ETH to truly shine, they need to fix the latent issues such as extremely high fees and slow processing of transactions.

Apart from the reasons mentioned above, we believe that the recovery of Ethereum is also linked with its popularity in the DeFi space. While there is massive demand in the NFT markets at this time, an issue which increased gas fees massively, we believe that the eventual development of Layer 2 protocols will help the token outperform Bitcoin.

In more detail, we are now seeing Ethereum act as a foundation for the soon-to-arrive Metaverse, a concept that has long been discussed amount visionaries. The development of virtual worlds and economies is now possible due to decentralized financial systems that help communities enforce democratic principles without the need for trust in external parties. We expect this trend to continue in the years to come, bringing Ethereum to a 5-figure pricepoint.

Despite the ever-growing demand for alternative and decentralized solutions involving blockchain, predicting Ethereum’s future is still a game of blindfold. However, we are bullish about it.

Still, it is not recommended that individuals without proper crypto knowledge participate in the process as a way of making “easy money”, given all the risks and volatility to which investors are exposed – only invest what you can afford to lose!

Nonetheless, it is plain to see that ETH 2.0 and the evolution of DeFi will enable users to find and pursue infinite opportunities within a cross-chain ecosystem. The fundamental changes brought by ETH 2.0 will act as Ethereum’s fuel to drive it towards an increased role in the cryptocurrency industry.