HODL. DApp. Ethereum.

No, these are not words from a newly-discovered alien language. They’re among the many new and key terms in the language of cryptocurrency.

Cryptocurrency isn’t just a novel investment option, and in many ways represents a different world altogether compared to traditional stocks and bonds. Between unfamiliar acronyms, emerging technologies, and keeping up with memes and tweets, just learning the basics takes time, even for seasoned traditional investors.

As with any investment, it’s important to understand exactly what you’re investing in before you start. That’s especially true when it comes to a speculative — and still evolving — asset like crypto. 

There are a few prerequisites we recommend before you buy into crypto, like stocking your emergency fund, paying down high-interest debts, and securing a traditional retirement plan. And, like we’ve said before, you should only ever put into crypto what you’re willing to lose, and experts recommend dedicating no more than 5% of your portfolio to these digital assets. 

But another item you should add to your checklist is at least a beginner’s understanding of what you’re getting into, including how crypto differs from other investment strategies, and the different factors that can affect a cryptocurrency’s market value.

Here are some of the terms and phrases that will help beginners better understand the world of crypto investing. 

Crypto Terms You Should KnowAltcoin

Any coin that’s not Bitcoin. Altcoins can be anything from the second-most popular coin, Ethereum, to any of the thousands of coins with very minimal market value. Experts say you should largely stick to the bigger, more mainstream cryptocurrencies as an investment.

[RELATED]: Follow These Personal Finance Experts if You’re Curious About Crypto

Bitcoin

The first and most valuable cryptocurrency, launched on Jan. 3, 2009. While its value has climbed steadily since then, it has seen wild fluctuations. In the past months alone, the price of Bitcoin has fluctuated from a record high of $60,000 to below $30,000.

Bitcoin Cash

A peer-to-peer electronic cash system that formed from a fork of the original Bitcoin. Where Bitcoin is widely accepted as too volatile to be useful as a currency, Bitcoin Cash is designed to be better optimized for transactions.   

[RELATED]: Bitcoin — The First Cryptocurrency

Block

Groups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell coins. Each block can hold only a certain amount of information. Once it reaches that limit, a new block is formed to continue the chain.

Blockchain

A digital form of record keeping, and the underlying technology behind cryptocurrencies. A blockchain is the result of sequential blocks that build upon one another, creating a permanent and unchangeable ledger of transactions (or other data).

Coin

A representative store of digital value that lives on a given blockchain or cryptocurrency network. Some blockchains have the same name for both the network and the coin, like Bitcoin. Others can have different names for each, like the Stellar blockchain, which has a native coin called Lumen. 

Coinbase

A popular centralized cryptocurrency exchange. Coinbase made history recently as the first cryptocurrency exchange to go public on the Nasdaq.

Cold Wallet/Cold Storage

A secure method of storing your cryptocurrency completely offline. Many cold wallets (also called hardware wallets) are physical devices that look similar to a USB drive. This kind of wallet can help protect your crypto from hacking and theft, though it also comes with its own risks – like losing it, along with your crypto.

[RELATED] A Crypto Wallet Can Help Keep Your Coins Safe. Here’s How to Decide if You Need One 

Cryptocurrency

A type of currency that’s digital and decentralized. Cryptocurrency can be used to buy and sell things, or as a long-term store of value.

Decentralization

The principle of distributing power away from a central point. Blockchains are traditionally decentralized because they require majority approval from all users to operate and make changes, rather than a central authority.

Decentralized Finance (DeFi)

Financial activities conducted without the involvement of an intermediary, like a bank, government, or other financial institution. 

Decentralized Applications (DApps)

Applications designed by developers and deployed on a blockchain to carry out actions without intermediaries. Decentralized finance activities are often completed using decentralized apps. Ethereum is the main network supporting activities in decentralized finance.

Digital Gold

Experts sometimes compare specific cryptocurrencies to real gold based on the way it can store and increase in value. Bitcoin is commonly referred to as digital gold.

Ethereum

The second largest cryptocurrency by trade volume, Ethereum is a crypto network and software platform that developers can use to create new applications, and has an associated currency called ether.

Exchange

A digital marketplace where you can buy and sell cryptocurrency.

Fork

When a blockchain’s users make changes to its rules. These changes to the protocol of a blockchain often result in two new paths — one that follows the old rules, and a new blockchain that splits off from the previous one. (Example: a fork of Bitcoin resulted in Bitcoin Cash).

Gas

A fee that developers have to pay to the Ethereum network in order to use the system. Gas is paid in ether, the native cryptocurrency of Ethereum. 

Genesis Block

The first block of a cryptocurrency ever mined. 

HODL

Stands for “Hold On for Dear Life” though the term originated from a user typo on a Bitcoin forum in 2013. It refers to a passive investment strategy in which people buy and hold onto cryptocurrency — instead of trading it — in the hopes that it increases in value. 

[RELATED]: The Price of Bitcoin Continues to Fall. Here’s How Worried Investors Should Be, According to Experts

Halving

A feature written into Bitcoin’s code in which after a certain number of blocks are mined (typically every four years) the amount of new Bitcoin entering circulation gets halved. The halving can have an impact on Bitcoin’s price.

Hash

A unique string of numbers and letters that identify blocks and are tied to crypto buyers and sellers.

Hot Wallet

A software-based cryptocurrency wallet connected to the Internet. While more convenient for quickly accessing your crypto, these wallets are a bit more susceptible to hacking and cybersecurity attacks than offline wallets — just as files you store in the cloud may be more easily hacked than those locked in a safe in your home.

Initial Coin Offering (ICO)

A way that funds are raised for a new cryptocurrency project. ICOs are similar to Initial Public Offerings (IPOs) of stocks.

Market Capitalization

For cryptocurrency, market cap refers to the total value of all the coins that have been mined. You can calculate a crypto’s market cap by multiplying the current number of coins by the current value of the coins. 

Mining

The process whereby new cryptocurrency coins are made available and the log of transactions between users is maintained. 

Node

A computer that connects to a blockchain network.

Non-fungible Tokens (NFTs)

Non-fungible tokens are units of value used to represent the ownership of unique digital items like art or collectibles. NFTs are most often held on the Ethereum blockchain.

[RELATED] Ethereum: What You Should Know Before You Invest

Peer-to-peer

Two users interacting directly without a third party or intermediary. 

Public Key 

Your wallet’s address, which is similar to your bank account number. You can share your public wallet key with people or institutions so they can send you money or take money from your account when you authorize it.

Private Key

The encrypted code that allows direct access to your cryptocurrency. Like your bank account password, you should never share your private key. 

Satoshi Nakomoto

The pseudonymous creator of Bitcoin. No one knows the true identity of Nakomoto — or if it’s more than one person.

Smart Contract

An algorithmic program that enacts the terms of a contract automatically based on its code. One of the main value propositions of the Ethereum network is its ability to execute smart contracts. 

Stablecoin or Digital Fiat

A stablecoin pegs its value to some other non-digital currency or commodity. A digital fiat represents a fiat, or government-backed currency on the blockchain. (Example: Tether, which is pegged to the U.S. dollar)

[RELATED]: The 10 Most Popular Cryptocurrencies, and What You Should Know About Each Before You Invest

Token

A unit of value on a blockchain that usually has some other value proposition besides just a transfer of value (like a coin). 

Vitalik Buterin

Programmer who invented Ethereum in 2015.

Wallet

A place to store your cryptocurrency holdings. Many exchanges offer digital wallets. Wallets may be hot (online, software-based) or cold (offline, usually on a device).

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In only 12 years, the cryptocurrency market has gone from a fringe niche known only around tech circles to a global phenomenon revolutionizing the traditional finance industry. It’s not only the finance industry as the technology behind these digital currencies; blockchain is seeing many use cases in other sectors such as health care, supply chain, and so on. Cryptocurrency projects rely on tokens to govern and fuel them, and the explosion of utility tokens on various platforms has created an opportunity for many. Early investors in most projects have seen their fortunes change for the better as the tokens have grown in value due to increased adoption. 

Today to get a whole Bitcoin , you need at least $56,000. Just 8 years ago, the same coin was available for less than $100. Buying a whole Bitcoin and a few other top coins is out of reach for most individuals, and it’s easy to feel like you missed out on a golden opportunity. However, did you know it’s possible to earn cryptocurrency and multiply your capital without investing even a cent? Below let’s take a look at how this is possible.

There are many ways you can earn crypto without having to buy the tokens using your cash. The first and easiest method is through crypto bounty campaigns. Platforms such as BountyMarketCap tracker will list all bounties taking place, offering an easier alternative for users to discover new bounties compared to trying to do it manually. You will find projects running bounty campaigns on the platform, and you can sort various crypto startups according to their bounty market cap. You can cash out on your bounty immediately if you like by selling the stake you have earned. This happens by visiting BountyMarketCap, clicking on your bounty, and then clicking on the sell button in front of your bounty stakes title.

The tokens you win on various bounty campaigns can be used to earn yourself even more crypto tokens. As a holder, you can earn passive income by lending or borrowing using your tokens as collateral. The solution is provided by Tokpie, the first cryptocurrency exchange platform that supports bounty stakes trading. On the platform, everything works on a peer-to-peer (P2P) mode using promissory notes. This allows participants to exit the transaction at any given moment.

There are a few advantages of trading your bounty tokens on TOKPIE, such as getting access to competitive rates since you get to decide what interest you would like to borrow or lend thanks to the auction trading of bills of exchange which are discounted in a standard stock exchange. This allows for determining the fairest cost of funding.

Also, you can close a trade at any time without being penalized. As a lender on the platform, you can take back the borrowed cryptocurrency at any given time by selling the previously purchased promissory notes. Likewise, the user that had borrowed can settle his or her obligations at any moment by buying back the promissory note from the market.

Additional benefits include a lack of minimum deposit requirements allowing users to lend and borrow crypto starting from any amount. Also, there is no identity verification required to participate and enjoy the platform, and most incredibly, the exchange offers the highest loan to value ratio in the market. Users can attain up to 90% of the value of their assets which they give out as collateral. That is 40% more than most platforms will offer crypto borrowers.

Bounties represent an easy way to earn crypto for free. However, there are a few other methods for achieving the same goal without spending your money. Some of the most popular include doing microtasks where you are paid in tokens, participating in surveys, creating content for crypto, helping projects with marketing campaigns, and so on.

Disclaimer: ZEXPRWIRE Staff may not have modified or edited the content body. The views and facts appearing in the articles do not reflect the opinions of ZEXPRWIRE, also ZEXPRWIRE does not assume any responsibility or liability for the same.

Your daily snapshot from the OnChainFX markets dashboard.THIS WEEK IS THE LAST WEEK you can subscribe to UO for just $1 / day.We’re ramping up subscriber perks in anticipation of our Q2 market intelligence beta. Starting 3/25, rates go up to $699 / year and $75 / month to access our:Daily email access to our team’s top insights from the crypto marketsWeekly subscriber-only analyst calls with our research team200+ community analyst Discord group where you can join the daily conversationEarly beta access! The professional charting / dashboarding tools you’ve neededThis week only, we’re sharing our subscribers-only briefs with you to try before you buy. Like what you see? Democratic Presidential candidate Andrew Yang recently got me thinking about what sectors of the economy would get a boost if his plan for a $1000/mo “Freedom Dividend” (i.e. Universal Basic Income) for every American over the age of 18 were to get implemented. I conducted a very scientific poll of the crypto-community on how much of that $3T/year might flow into crypto:My followers (almost all crypto folks) were unsurprisingly bullish on their assessments. Maybe the more interesting question is: “How much would UBI inflows move total crypto marketcap”?New entrants to the crypto-community (or finance in general) might think that if $10B were used to buy bitcoin, then bitcoin’s marketcap might also go up by $10B. Traders, though, will quickly tell you this is almost never the case, at all, in any market, ever. Here’s an example to illustrate…Say the current price of some asset, YangCoin (YGC), is $10.00, and there are 1 million YGC in existence. The marketcap, price times supply, is $10 million. Now someone places an order to sell 5 YGC for $10.10, and I decide to buy it. It costs me $10.10 * 5 = $50.50 to buy that order, and now the last price quote is $10.10.Marketcap now reads as $10.10 * 1,000,000 = $10,100,000. I just spent fifty bucks to increase marketcap by a hundred grand! (TBI Note: This is also why many crypto folks say “marketcap” is bullshit as currently defined, and that “liquidity” is what actually matters….keep your eyes on OnChainFX for new metrics dealing with this soon.)Trading prices and marketcaps are often calculated in ways that smooths these extreme effects, but you get the idea: every incremental dollar invested will usually have a much bigger effect on marketcap than $1. This has been an open question that analysts have tried to tackle at various times over the years. It’s impossible to tell exactly (as you’d have to have perfect knowledge of all exchange and mining activity ever), but there are reasonable ways to estimate it. For example, in late 2017, Placeholder General Partner Chris Burniske used some basic assumptions and polls to estimate the number of new exchange users over a certain period, as well as how much crypto they tended to buy. He showed that new money yielded an “inflow-multiplier” effect of anywhere between 2x and 25x. That is, every dollar used to buy a cryptoasset contributed between $2 and $25 to total marketcap over the period he reviewed.From a later post in 2018 that addressed this from the opposite perspective (net outflows due to tax payments), Chris and co-author Jonathan Cheesman wrote:Historically, the fiat amplifier has been stubbornly hard to pinpoint given the fragmentation of fiat onramps, and lack of standardization around exchange reporting. As shown above, however, this tax crisis gives us an opportunity to quantify a large, specific flow and examine the fiat amplifier effect. And in crypto we’ve learned to never let a good crisis go to waste[…]Turning to the current bear market, we can divide the loss in network value thus far in 2018 by the estimated tax liability outflow, to define a maximum fiat amplifier. Dividing the $590bn drop from early January highs to present, by our estimate of $14bn net outflows, yields a maximum fiat amplifier of 42x. If instead we use the more aggressive $29bn estimate of outflows, then the maximum fiat amplifier drops to 20x. It is important to recognize these amplifiers represent the maximum, as if net outflows have been greater due to FUD, then that would dampen this ratio by increasing the denominator.Again, we’re looking at potentially double-digit multipliers. Goes to show you how little it would take (in institutional investment terms) to spark a new bull run. How about a little more very-scientific twitter polling?The crowd pegs the range at 4x-20x, which dovetails nicely with the estimates above. This is a huge range by financial standards, but like many things in crypto, just getting to a somewhat justifiable ballpark range means you’re probably way ahead of the pack.Now, for fun, let’s go back to our original question: how would President Yang’s $1000/month “Freedom Dividend” - some $3 trillion per year - impact crypto markets?If we neutered crypto-twitter’s bullish assessment, and assumed just 1% of UBI went to crypto (I know many of us would be auto-exchanging 100% of this garbage fiat), and assumed the multiplier was 10x, we’d see $30 billion per year in net new inflows with a $300 billion increase in marketcap.That’s 3x today’s market size, and would get us back to levels not seen since Feb 2018.Maybe it’s not institutional money, ICO FOMO, or a global macro event that triggers the Next Crypto Bull Market™ after all. Maybe it’s “free” money that actually flows to people vs. banks.P.S. Spread the love. Tweet at Messari for requests, feedback, comments, or questions.Content and thoughts from around the web as summarized by the Messari team.Few things are more stressful than cryptocurrency tax filings, and the questions taxpayer have are nearly as numerous as the advice other professionals are willing to offer. But a lot of that advice needs to be taken with a proverbial grain of salt, explains Katya Fisher. As she addresses some specific advice she takes exception to published by a digital asset financial firm, she more broadly explains that not everything you read about taxes should be accepted as true. Ultimately, she advises to be sure to “talk to an experienced advisor” about crypto tax questions because bad advice can make something already complicated and frustrating into something exponentially more painful. (share or read more)Understanding the differences between protocols, applications, and the financial tools that can be leveraged to incentive participation and user growth is critical to comprehending why certain products create native tokens, make certain design decisions, and build atop a given platform. Will Warren explains and differentiates these building blocks to give observers and investors a better idea of how to categorize and value different projects building with "smart contracts", specifically on Ethereum, because current terminology can be confusing and ambiguous and needs improvement. Ultimately, Warren wants to communicate that "app coins" and "protocol tokens" are two completely separate classes of digital assets with different use cases and unique value propositions. (share or read more)📆 Coinbase has changed its exchange structure features to increase liquidity, price discovery, and price movement smoothness. Five total updates were made including changing the fee structure, updating order maximums, and turning off stop market orders. The new rules will go into effect March 22nd. (share or read more)👩‍⚖️ Law firm Stewart McKelvey has withdrawal from the QuadrigaCX case being heard by the Nova Scotia Supreme Court. Ernst & Young Inc., the court appointed monitor, had expressed concern over possible conflict of interest, although no information was disclosed. The firm will continue to represent the estate of deceased CEO Gerald Cotten and his wife, Jennifer Robertson. (share or read more)🚀 Donut, a startup addressing mass tokenization, has finished a $1.8 million seeding round supported by Redalpine and TinyVC. The project, which did not exist ten months ago, is building systems and applications for saving and investing in the new token economy. Donut is using the funds to expand its team and launch its 'Donut Test Kitchen' this summer. (share or read more)👩‍💻 Six banks have signed letters of intent to join IBM's World Wire, a stablecoin backed remittance and foreign exchange system run on the Stellar Lumens ($XLM) public blockchain. World Wire is still awaiting regulatory approval in many places, such as the U.S. in which IMB expects a late 2019 endpoint launch. IBM is also testing its 'pay-as-you-go' revenue model to increase profitability with the service. (share or read more)🇮🇱 An Israeli court has blocked Union Bank of Israel from closing an account linked to cryptocurrency mining firm Israminers Ltd. The judge ruled that the closure was unreasonable based on occupation of the depositor alone. Forced closure based on money laundering concerns was deemed permissible. (share or read more)💭 Over the last year, the number of blockchain-related lobbyists has tripled in Washington D.C. According to disclosures, only 12 blockchain-related firms were lobbying in Q4 2017 while Q4 2018 had 33. Those familiar with the scene believe the chief cause is lack of regulatory clarity regarding the SEC's securities laws. (share or read more)Send me the link, your twitter handle and your best imitation compression algorithm write up. If I like it, I’ll include your bit next issue (with attribution).Should your colleagues read daily? We now offer discounts for corporate access. Email us, and we’ll onboard your whole team.

Pune, India, July 01, 2021 (GLOBE NEWSWIRE) -- The worldwide cryptocurrency market size is anticipated to arrive at USD 1,758.0 million by 2027, displaying a CAGR of 11.2% during the estimated time frame. Cryptocurrency is a system of virtual currency exchange that is aimed to eliminate financial intermediaries. The developing tendency of people in created nations towards virtual cash trade strategies will immensely affect the market during the gauge time frame. The joining of blockchain innovation in cryptographic money for quick, secure, and compelling exchanges will reinforce sound development of the market in the impending years, referenced in a report, titled “Cryptocurrency Market Size, Share and COVID-19 Impact Analysis, By Component (Hardware, Software), By Type (Bitcoin, Ether, Litecoin, Ripple, Ether Classic, Others), By End-use (Trading, E-commerce and Retail, Peer-to-Peer Payment, and Remittance), and Regional Forecast, 2021 – 2027 ”, the market size stood at USD 754.0 million in 2021.

Coronavirus has plummeted the growth of the financial market across the globe, including the cryptocurrency market. The level of stability in the digital currency landscape has considerably diminished. The market is attracting investments despite the uncertainty prevailing in the digital currency industry. Digital currencies like Ethereum, Bitcoin, etc., have witnessed inflation in prices despite the pandemic. Firms across several nations have paused their mining operations due to the pandemic. Some countries like Russia have delayed the deployment of cryptocurrency laws due to the pandemic.

Raging Coronavirus to Sway Market Potential

The outbreak of COVID-19 has negatively impacted the global economy. The regression in the stock market has directedly created concerns for the bitcoins. For instance, 12 March 2021, the price of Bitcoin fell below USD 4,000 after a sharp decline in the S&P Index in the U.S. The market crash has incited an increase in investment capital by blockchain companies to compensate for the losses. Giant blockchain analytics, Elliptic, Chainalysis, and CipherTrace declared that they have cut-price and reduced staffs or intend to do so in the immediate future to lessen the economic effects of the coronavirus pandemic. For instance, CipherTrace has decreased the jobs of the advertising and marketing departments. Whereas Elliptic has eliminated 30% of the workers in the U.S. and the U.K and Chainalysis has planned to reduce employees' wages by 10% to mitigate the risks.

We are taking consistent endeavors to assist your business with supporting and develop during COVID-19 pandemics. In view of our experience and aptitude, we will offer you an effective investigation of Covid episodes across enterprises to assist you with setting up what's to come.

Request a Sample Copy of Report: ptocurrency-market-100149

Segmentation:

Based on components, the market bifurcates into software and hardware. Based on type, the market is classified into Ether, Ether Classic, Bitcoin, Ripple, Litecoin, etc. On the basis of its end-user, the market segments into e-commerce and retail, remittance, trading, and peer-to-peer payment. Geographically, the market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

Market Driver:

Rising Popularity of Digital Currency to Augment Growth

The rising pattern of cryptocurrency has prompted the acknowledgment of computerized coins like Bitcoins, Litecoins, Ethers, and the sky is the limit from there. The simple and adaptable conditional strategy offered by cryptographic money has encouraged the Central Bank Digital Currency (CBDC) movement arrangements across the world. For example, the Bank of Thailand and the Central Bank of Uruguay have applied for the tool stash to its CBDC assessment measure. The toolbox conveys a guide for the nations to gain ground rapidly and break down CBDC as a trade medium.

Moreover, the expanding interest in blockchain and cryptographic money by significant organizations will empower the rapid development of the market. For example, in October 2021, Qtum Chain Foundation, a publicly released blockchain application stage situated in Singapore reported an association with Amazon Web Services (AWS) China to convey blockchain frameworks on the AWS cloud. The organization will permit help AWS clients to utilize Amazon Machine Images (AMI) to create and distribute shrewd agreements effectively and productively.

Likewise, the presentation of exceptional advanced monetary standards by prominent organizations will impact the market decidedly soon. For example, in June 2021, Facebook, Inc. declared the dispatch of advanced money named Libra. Libra will empower clients to purchase things or send cash to other people and money out Libra on the web or at basic food item shops.

Regional Insights:

Existential Players to Promote Growth in North America

The market in North America remained at USD 250.9 million out of 2021 and is anticipated to multiply in the approaching years. The development in the district is credited to the rising fame of bitcoins in the US. The presence of major famous players will cultivate development in the locale during the conjecture time frame. The Asia Pacific is required to observe critical development during the figure time frame attributable to the innovative turns of events and acknowledgment of virtual money in Japan. The developing joint efforts among central members will fundamentally support the digital money market development in the Asia Pacific. For example, in January 2021, Z Corporation, Inc. also, TaoTao, Inc. declared a joint endeavor with the monetary help office to grow its essence by affirming administrative consistency in the Japanese market.

Competitive Landscape:

Acquisitions and New Product Launches to Intensify Market Growth

The global market consists of several key players operating at regional and global levels. These giants focus on enhancing their platforms by acquisitions, partnerships, and expanding their digital infrastructures. For instance, Binance.com introduced the ‘binance cloud’ to offer digital asset exchange with security and liquidity in February 2019.

Industry Developments-

Key Players in the Global Cryptocurrency Market are:

TOC Continued…!

Blockchain Market Size, Share & COVID-19 Impact Analysis, By Component (Platform/Solution and Blockchain-as-a-Service (BaaS)), By Blockchain Type (Public, Private, and Consortium), By Deployment (Proof of Concept, Pilot, and Production), By Application (Digital Identity, Payments, Smart Contract, and Others), By Industry (BFSI, Energy & Utilities, Government, Healthcare and Life Sciences, Manufacturing, Telecom), and Regional Forecast, 2020-2027

Fiber Optics Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Application (Telecommunication, Smart Cities, Power Utilities, Aerospace and Defense, Industrial Automation and Control, Renewable Energy, Others), and Regional Forecast, 2020-2027

Facial Recognition Market Size, Share & Covid-19 Impact Analysis, By Component (Solutions, Services), By Technology (2D Facial Recognition, 3D Facial Recognition, Thermal Face Recognition, Skin Texture Analysis, and Others, By Application (Face Identification, Access Control, Security & Surveillance, and Others, By End-user (BFSI, Healthcare, Government & Defense, IT & Telecom, Retail & ecommerce), and Regional Forecast, 2020-2027

Cloud Based Contact Center Market Size, Share & COVID-19 Impact Analysis, By Component (Solutions and Services), By Deployment (Public, Private, and Hybrid), By Organization Size (Large Organizations, Small and Medium-Sized Organizations), By Vertical (Banking, Financial Services, and Insurance, ITES, IT and Telecom, Government, Healthcare, Consumer Goods and Retail, Travel and Hospitality) and Regional Forecast, 2020-2027

Artificial Intelligence Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Read Press Release: arket-9952

I had tried another company with exactly the same title and offer but it had no contact email, so i wrote to this company before investing 0.0716 bitcoins ($20) for which i was to get 100 times my investment back. This company has a support line which i wrote to and told them i did not want to be scammed or defrauded. Their answer was, “hello! yes, it’s ok. We will waiting your deposit.” | I had told them what i would invest and what i expected back according to their website. They had assured me that they were not a fraud or scam as another company with the same offer. I made my deposit of 0.0716 btc on august 13, 2015 and i wrote them to confirm with a copy of my coinbase confirmation notice. I did not hear back so i wrote again and asked how long it would take and what time of day they would make the deposit. Still i received no answer. | I wrote a total of six emails that day and further days. | I also began to send payment requests from my coinbase account and did that at least 6 or 7 times. Finally, i decided to write them and try to get an answer. I had written to blockchain about them with a complaint and they told me that this company had no authorization to use their name. | Here is what i said, “support: did you lie to me? I have received nothing from you after making my deposit of 0.0716 btc. How can you do this kind of business and commit fraud? You told me that you were sorry i was in a fraud with another company but you did the same thing. Do you have no conscience? | Finally, after over 6 emails and 6 coinbase payment requests, they answered me, “i think you can blow!!! moron!!!” | I had also checked their whois online for contact information but they have it set as anonymous so no one can find out their details. My advise is that anyone who invests will lose their money. I was fortunate to only lose $20 but they promise really big returns to someone that invests more money. | What is most deceptive is that on their site they show transactions with btc addresses and transaction codes dating back to 2014. These are all blockchain wallet addresses so a person can click the address hyperlink to see the transaction at blockchain. When i clicked on some of the wallet addresses, they appeared in russian or some similar language. I don’t know if that means that russia is their company of origin but they will take someone for a very large sum of money if they are not exposed and people realize that they will only lose money with this internet rip off. | Another company with the same offer is at bit100x.com. I felt very suspicious of this company because they had no contact information so i did a google search for the wallet address and found this company: www.Blocktrail.com/btc/address/19vixdjhvmytzp1dl76qgqewvvvq3ozrq9 – they also do not respond to emails. I think that bitcoin is a great new form of currency but companies like this can steal people’s money and cause the bitcoin product to put a sour taste in the mouth of any investor that loses their money. Fortunately for me, i did not lose much ($20) and i have found several companies that are reputable and i have been able to invest and get a return and receive funds back to my coinbase account.

Ethereum Classic price has taken frenzy to a new level, producing historic gains from any statistic. Still, the lofty heights are in jeopardy as the technicals and sentiment argue for a sharp reversal in the coming hours and days.

To put the Ethereum Classic price advance into perspective, it is essential to consider a few performance stats calculated at the time of writing.

On top of the tremendous performance stats, the daily RSI is at 95, the highest reading since trading began in 2016. Moreover, at the intra-day high today, Ethereum Classic price was 2% below the 361.8% Fibonacci extension of the 2018 bear market, a prime level to trigger a notable correction in price. 

Support is tricky to label following such an advance, but speculators can find a bid at the 38.2% retracement at $102.65. The retracement level originates from the rally started at a symmetrical triangle breakout, the beginning of April. The retracement level should be firm, considering that it is right above the psychologically important $100.00. It would be a 25% decline from the current price and 35% from the intra-day high.

A failure at $100.00 would significantly distress the bullish outlook and raise the probability that Ethereum Classic price will test the 50% retracement at $85.31.

ETC/USD weekly chart

Based on the convergence of extreme optimism in the performance statistics, there is little room for the rally to continue. If Ethereum Classic price pushes back above the 361.8% extension it would diminish the bearish outlook, but only for a short period.

Santiment’s Social Volume metric shows the number of mentions of ETC on 1000+ crypto social media channels, including Reddit, Discord, Twitter and private chats. Today, the metric went parabolic with Ethereum Classic price, featuring the magnitude of interest among the retail investor ranks. 

Often, extreme readings for retail investor sentiment mark the high and the beginning of a sizeable decline.

Santiment Social Volume metric

Stratospheric social volume readings multiply the risks facing traders and ensure the race for the exits will be as quick as today’s spike in euphoria. 

To be sure, taking profits never hurt anyone.

It may sound like a 2014-era shitcoin, but Globalcoin is this years most anticipated new digital asset. It doesnt matter that its not decentralized, not permissionless, and not even crypto. The only question that really matters is what does Facebooks currency spell for bitcoin? Will it steal its thunder or accelerate adoption?Also read: Traders Are Now Banned From Using Localbitcoins Exchange in IranGlobalcoin: Coming Soon to a World Near YouIf Mark Zuckerberg had hoped to convince the world that hes a normal guy, and not a shape-shifting Illuminati reptilian, Globalcoin has scuppered that. Its the name that satirists would have dubbed Facebooks forthcoming currency, had Zuck not gone and claimed it for himself. Like Facebook itself, Globalcoin (GC) is easy to mock and easier to meme, but away from the easy one-liners, whats known about the coin and what effect if any will it have on cryptocurrency?GC is scheduled to launch in Q1 2020. Lest confirmation were needed as to how entrenched in the legacy financial system Zuck bucks will be, Facebooks CEO has reportedly met with Bank of England governor Mark Carney as well as seeking advice from the U.S. Treasury. Project Libra, as the program is known, has been one of the worlds worst kept secrets since 2018, when it emerged that Facebook was seeking to hire blockchain developers for a covert monetary project.Mining GlobalCoin pic.twitter.com/G4fuSq956f cryptograffiti (@cryptograffiti) May 24, 2019GC will be nothing more than another fiat-pegged stablecoin, which is unremarkable. The coins real power comes in the network effects that can be leveraged to get the currency into the hands of billions, including Facebook users who dont have bank accounts. The benefits this could bring to Facebook-loyal consumers, who can seamlessly use the coin in-app (be it FB, Insta, or Whatsapp) to pay friends and purchase goods, are substantial. But the benefits this powerful new trove of data will bring Facebook are bigger still.A Cash Grab From the Worlds Data DespotsFacebooks extremely shitty attitude towards protecting user privacy does not need reiterating. Indeed, it is hard to think of a worse qualified custodian of a global digital currency. For all its crimes though deplatforming, unauthorized data sharing, censorship and flagrant privacy violations Facebook remains the worlds dominant social network. People are inherently complacent and, save for a handful of privacy purists, there has been no mass exodus of users in the wake of the Cambridge Analytica scandal and similar abuses. It doesnt matter how much data Globalcoin harvests or who its shared with: if the coin works seamlessly, people will use it.As for quite how crypto Facebooks crypto is, the answer is not very. As a permissioned currency, just like the permissioned social network it lives inside, its irrelevant whether GC runs on a blockchain or an SQL database. No amount of nodes or validators will change the fact that your globalcoins are only yours provided you use them for the purpose that Zuckerberg intended. Play by the rules, and youll be just fine. Step out of line, however, and expect to see your account balance emptied and wallet frozen. As Bloomberg put it, More than 2 billion users spending one currency, controlled by one billionaire. Whats to worry about?, noting that Dr Evil would love Globalcoin.Wow bold move from Facebook on the Globalcoin logo pic.twitter.com/YAMFRoxUYt Josh Cincinnati (@acityinohio) May 24, 2019What Globalcoin Means for CryptocurrenciesAs for what GC means for crypto, there are essentially two schools of thought. One holds that GC holds a genuine threat in giving the masses the benefits of crypto fast settlement, low fees, wrapped in a package that even grandma can understand with none of the downsides, such as volatility, complexity, or the irreversible loss of funds. In this paradigm, GC will replace BTC as a medium of exchange (MoE), leaving bitcoin to serve as a store of value (SoV) and for payments that fall outside of Facebooks purview like buying drugs. If this comes to pass, then GC could also threaten other cryptos such as BCH, , and DASH.The other school of thought holds that Globalcoin will serve as a Trojan horse, or gateway drug, to real cryptocurrencies. Through normalizing the use of digital currency, it will make the transition to permissionless crypto seem less scary, ensuring that bitcoin is primely placed to onboard the masses when they tire of GCs limitations: the privacy concerns, the data abuses, and the limited means of spending. In this context, Zuckerbergs vanilla crypto will get bested by bitcoin, which can outmuscle it on all fronts, save for network effects. With an estimated 30 million cryptocurrency users versus 2.4 billion Facebook users, Globalcoin will launch with a massive advantage.Didnt think Id ever say this, but:I dont want to live in a world where mark zuckerberg beats the winklevii. Ryan Selkis (@twobitidiot) May 24, 2019Love, hate, or fear it, Globalcoin merely represents the inevitable evolution of money. The majority of our spending has already gravitated to the digital realm, be it Paypal, Apple Pay, Visa, Venmo or bitcoin. With the underlying payment network being abstracted away while cash dies a slow death, Globalcoin will take a seat at the table of digital payment solutions, despite offering nothing new. As has been reiterated many times over, bitcoin doesnt need to take over the world to succeed: it simply needs to survive, in one form or another. It is highly probable that Globalcoin will gain more users in its first month than bitcoin ever has or ever will. That metric, however, is meaningless.What are your thoughts on Globalcoin? Let us know in the comments section below.Images courtesy of Shutterstock.Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see whats happening in the industry.The post Facebook Globalcoin: Killer or Multiplier? appeared first on Bitcoin News.Bitcoin News

Until recently, Bitmex, Deribit and a handful of established exchanges were the only places where traders could get their leverage fix. This has now changed with the emergence of dozens of exchanges offering leverage and plenty more on their way. Binance and Kucoin – two platforms famed for driving this year’s other exchange trend, the IEO – are believed to be mulling the introduction of margin trading. In 2019, it seems, everything’s being served with leverage.Also read: Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30MMargin trading and initial exchange offerings (IEOs) have proven to be the dominant trends among cryptocurrency exchanges this year. Bibox is the perfect case in point: the exchange, which offers up to 3x leverage on BTC, recently entered the IEO game, announcing the launch of no less than four projects on Bibox Orbit simultaneously to commence on April 22: The Force Protocol (FOR), Ludos (LUD), Staking (SKR), and X-Block (IX).FTX is another platform that encapsulates one of 2019’s defining crypto exchange trends, in this case for leverage. The derivatives exchange, backed by trading firm Alameda Research, offers futures, leveraged tokens at up to 3x, and OTC trading. With leverage of anywhere from 2-100x, these exchanges multiply the thrill – and the risk – of going long or short on bitcoin and other digital assets. Where once traders had a handful of options, now there are dozens, as the number of platforms offering margin and derivatives products has proliferated.On market data sites such as Coincodex, Coinlore, and Coinpaprika, the number of exchanges offering leverage now runs to more than 50. Some provide margin trading on leading coins such as BTC, ETH, and BCH, while others have gotten more adventurous, offering products such as leveraged futures on Telegram’s still unreleased gram token. For traders lured by the prospect of tripling their money through little more than cranking up a slider and letting the multiplier effect take care of the rest, there are a few perils to be aware of – aside from the obvious risk of being liquidated.Bitmex takes pride in the size of its insurance fund, which currently stands at close to 24,000 BTC, but the majority of leveraged exchanges aren’t nearly so well equipped. With smaller exchanges, a large trader’s account going bankrupt can lead to clawbacks from other accounts to cover the loss. Poorly designed risk management systems exacerbate this risk. The complexities of offering leverage are significant, necessitating collateral to be posted for separate margin wallets for each digital asset. Newly launched futures exchanges also typically suffer from low volume and poor liquidity due to a small customer base, which in turn makes it more difficult to attract customer flow and market makers.It’s not just new exchanges that can get things from when it comes to managing margin, either: last year Okex suffered a $9M clawback after a trader placed a large BTC order and was then liquidated after the asset crashed. As FTX notes, “If a user has a leveraged futures position on and markets move against their account enough that their net asset value is negative, then someone has to pay for that loss.” It continues:In crypto you can’t repossess assets from the bankrupt account’s owner from outside the system, so you’re stuck with other users — the users who aren’t getting liquidated — footing the bill.With the public’s appetite for leveraged everything and IEOs for everything showing no signs of being sated, expect to see plenty more of both in 2019. In an increasingly competitive marketplace, with hundreds of platforms jostling to gain a foothold, margin, despite its hazards, is seen as a key way to attract traders and stay relevant.What are your thoughts on the proliferation of exchanges offering margin trading? What’s your favorite platform for leveraged trading? Let us know in the comments section below.Need to calculate your bitcoin holdings? Check our tools section.The post The Number of Crypto Exchanges Offering Margin Has Multiplied appeared first on Bitcoin News.The Bitcoin Satoshi Vision (BSV) blockchain is struggling with its large block size following a…A new blockchain-based platform says it has bold plans to transform the events industry —…United States-based professional trading infrastructure firm Trading Technologies International (TT) has partnered with the parent… {"duration": "400ms","fill": "both","iterations": "1","direction": "alternate","animations": [{"selector": "#scrollToTopButton","keyframes": [{"opacity": "1","visibility": "visible" }] }] } {"duration": "400ms","fill": "both","iterations": "1","direction": "alternate","animations": [{"selector": "#scrollToTopButton","keyframes": [{"opacity": "0","visibility": "hidden" }] }] }

The number of Bitcoin addresses holding at least 1,000 Bitcoin (over $37 million, at today's price) is now 2,425, according to blockchain data provider Glassnode. 

It's another all-time high for the metric, which continues to set new records each day.

This means that there are more “whales” than ever surfacing from the briny depths. “Whales” are investors with a large amount of Bitcoin, so called for their power to influence the market; if whales dumped all of their Bitcoin at once, they could crash the market. 

But that big spenders are doubling down on their Bitcoin holdings suggests they think the price will increase. 

This is why the crypto community rallies around profligate institutional investors and influencers such as “Matey” Michael Saylor, who when on land moonlights as the CEO of US business intelligence firm MicroStrategy, “Salty” Anthony Scaramucci, co-founder of SkyBridge Capital, and MassMutual, a limpet that controls billions of dollars. 

Combined, these large institutions buy up so much Bitcoin that they increase demand for the coin.

Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference."#Bitcoin, not Gold.

— Michael Saylor (@michael_saylor) January 8, 2021

So strong is the mythos around whales that there are even Bitcoin sea shanties, cobbled together by the most seasoned sailors, lost souls so lured by sirens that they can no longer distinguish between sleep and waking life. 

— Neeraj K. Agrawal (@NeerajKA) January 15, 2021

And while whales proliferate, the price of Bitcoin remains somewhat rocky. The asset soared to over $41,000 earlier this month, before crashing against the shore, losing about 20% of its value overnight . 

According to Glassnode, some whales, at least, remained undeterred. While Bitcoin sank to the sea floor, few whales sold off their holdings. And as Bitcoin bounced back, the number of Bitcoin whales continued to rise, increasing from about 2,370 to its current ATH, 2,425. 

Previous ATH of 2,424 was observed earlier today

View metric:https://t.co/cjV0krRVgK pic.twitter.com/WBiQqXtcSH

— glassnode alerts (@glassnodealerts) January 16, 2021

Meanwhile, the number of addresses holding at least 1000 ETH (about $1.2 million) is steadily falling: it was 6,985 last night, down from 7,007 the day before.

This, too, appears uncorrelated to price—Ethereum sits at $1,224, up around 2% in the past 24 hours. Ethereum’s price has grown significantly since the start of the year and continues to approach its all-time high of $1,438.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

How can you multiply bitcoin and earn a lot of free satoshi? Follow this few step and grow up your personal bitcoin wallet. How can you multiply bitcoin You can multiply bitcoin using Multiply BTC, a bet game in the faucet bitcoin named Freebitcoin. Sign up into the faucet and click on 'Multiply BTC' in the menu. Now you see the bet game as shown in the image below. - HI-LO bitcoin bet game. - The HI-LO game has simple rules: click on BET HI or BET LO and you have a chance to win the bet amount and the Jackpots if the number is 8888. You can go on Auto Bet and the game play in automatic. With this game you have 47.5% win chance. The game is provably fair. Multiply BTC with satoshi faucet If you want multiply BTC, you can use satoshi faucet like BIT FUN, where earn free bitoin every 3 minutes. Or on Bonus Bitcoin faucet, where you can grow your satoshi bitcoin every 15 minutes with a daily bonus.

thebreakingnewsheadlines 3 hours ago Cryptocurrency Leave a comment 32 Views Till lately, Bitmex, Deribit and a handful of established exchanges had been the one puts the place buyers may get their leverage repair. This has now modified with the emergence of dozens of exchanges providing leverage and many extra on their method. Binance and Kucoin – two platforms famed for using this 12 months’s different trade development, the IEO – are believed to be mulling the creation of margin buying and selling. In 2019, it kind of feels, the entirety’s being served with leverage.Additionally learn: Darknet Customers Allege Wall Side road Marketplace Go out Scammed, In all probability Snatching $30MMargin buying and selling and preliminary trade choices (IEOs) have confirmed to be the dominant developments amongst cryptocurrency exchanges this 12 months. Bibox is the easiest working example: the trade, which gives as much as 3x leverage on BTC, lately entered the IEO recreation, pronouncing the release of at least 4 initiatives on Bibox Orbit concurrently to begin on April 22: The Drive Protocol (FOR), Ludos (LUD), Staking (SKR), and X-Block (IX).FTX is some other platform that encapsulates one in every of 2019’s defining crypto trade developments, on this case for leverage. The derivatives trade, sponsored by means of buying and selling company Alameda Analysis, gives futures, leveraged tokens at as much as 3x, and OTC buying and selling. With leverage of anyplace from 2-100x, those exchanges multiply the joys – and the danger – of going lengthy or quick on bitcoin and different virtual property. The place as soon as buyers had a handful of choices, now there are dozens, because the selection of platforms providing margin and derivatives merchandise has proliferated.On marketplace information websites comparable to Coincodex, Coinlore, and Coinpaprika, the selection of exchanges providing leverage now runs to greater than 50. Some supply margin buying and selling on main cash comparable to BTC, ETH, and BCH, whilst others have got extra adventurous, providing merchandise comparable to leveraged futures on Telegram’s nonetheless unreleased gram token. For buyers lured by means of the chance of tripling their cash thru little greater than cranking up a slider and letting the multiplier impact deal with the remaining, there are a couple of perils to concentrate on – apart from the most obvious chance of being liquidated.Bitmex takes delight within the measurement of its insurance coverage fund, which recently stands at with regards to 24,000 BTC, however the majority of leveraged exchanges aren’t just about so neatly provided. With smaller exchanges, a big dealer’s account going bankrupt can result in clawbacks from different accounts to hide the loss. Poorly designed chance control programs exacerbate this chance. The complexities of providing leverage are vital, necessitating collateral to be posted for separate margin wallets for every virtual asset. Newly introduced futures exchanges additionally usually be afflicted by low quantity and deficient liquidity because of a small buyer base, which in flip makes it harder to draw buyer drift and marketplace makers.It’s now not simply new exchanges that may get issues from in terms of managing margin, both: ultimate 12 months Okex suffered a $9M clawback after a dealer positioned a big BTC order and was once then liquidated after the asset crashed. As FTX notes, “If a person has a leveraged futures place on and markets transfer in opposition to their account sufficient that their internet asset worth is destructive, then anyone has to pay for that loss.” It continues:In crypto you’ll be able to’t repossess property from the bankrupt account’s proprietor from out of doors the machine, so that you’re caught with different customers — the customers who aren’t getting liquidated — footing the invoice.With the general public’s urge for food for leveraged the entirety and IEOs for the entirety appearing no indicators of being sated, be expecting to peer lots extra of each in 2019. In an more and more aggressive market, with loads of platforms jostling to realize a foothold, margin, in spite of its hazards, is observed as a key method to draw buyers and keep related.What are your ideas at the proliferation of exchanges providing margin buying and selling? What’s your favourite platform for leveraged buying and selling? Tell us within the feedback phase underneath.Wish to calculate your bitcoin holdings? Test our gear phase. Kai’s been enjoying with phrases for a dwelling since 2009 and acquired his first bitcoin at $19. It is lengthy long past. He is prior to now written white papers for blockchain startups and is particularly keen on P2P exchanges and DNMs.(serve as(d, s, identification) var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(identification)) go back; js = d.createElement(s); js.identification = identification; js.src = ‘https://attach.fb.internet/en_US/sdk.js#xfbml=1&model=v3.2’; fjs

It’s getting tougher and tougher to keep track of all the different versions of bitcoin. New iterations of the cryptocurrency are multiplying as disagreements over bitcoin’s design persist and opportunities for making a quick buck prove hard to pass up. The biggest offshoot, called bitcoin cash, appeared in August after a so-called hard fork in the bitcoin blockchain. That spinoff, currently valued at US$18bn, was followed by a less successful fork to create bitcoin gold in October, and now several other planned splits are in the works. There’s bitcoin diamond, bitcoin silver, bitcoin unlimited and super bitcoin — the latest proposal to emerge. The website advertising super bitcoin says the offshoot is backed by Chinese cryptocurrency entrepreneur Li Xiaolai. It promises to “make bitcoin great again” by, among other things, increasing the size of blocks on which transactions are processed — a move that would reduce confirmation times and fees. The proliferation of bitcoin breakup plans is partly a result of the cryptocurrency’s decentralised design. The software underpinning bitcoin is open source, meaning anyone can simply copy it and make adjustments to form a new version of the coin if they have issues with the original. There’s also a profit motive: if offshoots are successful, the creators can earn windfalls by “pre-mining” coins for themselves or foundations they control. The question for the crypto community — which includes a growing number of Wall Street banks and fund managers — is how fractured bitcoin will become. The popularity of bitcoin cash, along with talk of other offshoots, has fuelled big price swings over the past two weeks as traders struggled to gauge which cryptocurrency will come out on top. Bitcoin, which touched a record on 8 November, sank as much as 29% from its peak before recouping most of its losses this week. It traded at $7 432 as of 9.10am in London. Despite the turbulence, bitcoin still has a commanding lead in the crypto league tables. Its $124bn market value is at least four times larger than any of its competitors, which include hundreds of “alt-coins” like ethereum and monero, according to Coinmarketcap.com. But bitcoin’s top-dog status is far from guaranteed, given the ongoing feuds among its many stakeholders. “The community is really divided on the technological direction and since bitcoin is such a decentralised network, there is really no method to come to a good consensus,” said Gavin Yeung, CEO at Cryptomover, a Hong Kong-based investment company. Yeung says bitcoin cash has the potential to eventually overtake the original, adding that multiple versions of the cryptocurrency could prove successful over the long haul. “We’re not bitcoin maximalists who believe there’s one chain that rules them all,” Yeung said. “We think there are multiple use cases.”  — Reported by Justina Lee, with assistance from Yuji Nakamura, (c) 2017 Bloomberg LP Enter your e-mail address to subscribe to our newsletter: Receive the best South African technology news and analysis in your inbox each morning. Simply click here to subscribe. (We won’t send you spam or share your e-mail address.)

How To Multiply Unused Funds in Your Bank Account If you have money sitting in savings or current account doing nothing and you don't have the need for it at least for the next 2 or 3 months, it could be you are not yet certain what profitable thing to do with it, for now, then this my little piece of information could interest you. How To Multiply Unused Funds In Your Bank Account Someone might quickly think of fixed deposit or Call Deposit as good options for reserved funds. While it isn’t a bad idea, I do not agree. With fixed deposit, you only get to enrich the banks. It's true fixed deposit for a million naira or a little less could fetch you about 4-7% annually excluding tax. While some see this as an opportunity, I see it as cheating. By whom? The banking system. Well, don't condemn me yet until I explain my reasons. Have you heard of government instruments like Federal Government Bond and Treasury Bills? Do you know they pay more, even more than double of fixed or call deposits? Treasury Bills or FG Bond is all about lending Nigerian Government money. They use it to run the country and pay you interest. It’s free money so to speak. Treasury Bills have a maximum tenor of 364 days, but FG Bonds varies, with longer tenors. These government instruments are 100% risk/ tax-free and can pay up to 18.7% (Treasury Bill as at last week's auction) depending on the tenor. The more interesting part is that the interest ( ROI) is paid up front, and can be reinvested if it meets the minimum requirements, thereby compounding the interests. Money Market Funds is also very profitable as well. You can Google it for more details. Let me share this experience. A friend wanted to go to the bank to do a fixed deposit on her NYSC 'allawee'. She had just passed out and had carefully saved all she was given. Since she had no good business idea to start, she decided fixed deposit would be better than just savings in the bank. She was promised 4-5% by a bank and she was very excited. When I got to know, I strongly discouraged her. I told her about Treasury Bills, she went to FBN and got a whopping 18.1%. She almost worshiped me. CBN through Debt Management Office (DMO) has a list of approved banks and financial houses accredited for these instruments. I prefer Banks. Go to your bank and ask how to start. As a tip, IBTC and FBN have the best rates so far, GTBANK follows, but avoid Ecobank or whatever they call that bank. Alternatively, you can delve into digital currency also known as Cryptocurrency trading, though with risks due to price volatility, yet it has great potentials. Seat Belts On, this could sweep you off your feet. Decentralized digital currencies based on disruptive Blockchain (distributed public ledger system) technology is the most trending financial news in the world right now. It's not regulated by any government, there is no payment processor, no huge transaction fees, and Blockchain transactions are irreversible and anonymous.  Recently Cryptocurrency currency market capitalization sped past the $80 Billion mark, surpassing that of Deutsche Bank, one of the biggest banks in Europe, regulated by German Central Bank. Microsoft, Samsung, Toyota, Intel, J.P Morgan, Goldman Sachs, QnB, Santander, BP, Deloitte, and over 20 top Financial and Technology giants have formed an Enterprise Ethereum Alliance to leverage the use blockchain technology to drive the 21st-century transactions. Every day I read the news, I see prospects in Blockchain, the technology that drives Cryptocurrencies, I see the future of business transactions, I see opportunities to earn money. And yes, early investors are reaping reward 10 times. Then I have my own regrets. In 2011, I received my first $300 from blogging (Google Adsense). It was worth about N45, 000 then. I cleared the Citi Bank cheque into my USD Dom account and decided not to touch it. In 6 years, that has yielded a total of $5.6 - don't laugh. I can show you my bank statement.  You know what? If I had invested that $300 in 2011 into Bitcoin, the leading cryptocurrency, I would have been $2.4million richer if I were to sell it this day June 6, 2017. I would have made an equivalent of N755,400,000.00 based on today's exchange rate. Wait, I’m feeling uneasy. I am breathing heavily. I need a glass of water. Well, I am not late. Neither is anyone. I believe we all have our time zone. Yes, that reminds me of a video I shared in this group sometimes ago. Right now there are over 700 digital coin/token based on Blockchain technology. Some just launched. These are facts, bitcoin could rise to $10,000 in 5-7 years coming: it's currently at about $2, 800 today. Blockchain technology is the future of money changing hands, take it or leave it. You don't have to be an experienced currency trader before investing and benefiting from this exciting world of cryptocurrency. Some are on auto pilot. All you need is knowledge. Understand what it is and how it works then you will see how you can benefit. Don't allow people's myopic ideas to shut you out. Trust me; ignorant people will say a lot. But I have my facts. Be determined to acquire knowledge, financial knowledge. Invest time in it. I wish I had this 7 years ago, I’m sure you understand my agony. Don't keep unused funds idle. Be on the move. But again, avoid fixed deposit. No banker will tell you this because they have been trained to only suck people, I don't intend to be mean should in case any reader of this post is a banker, but you can confirm the facts. If you are following financial news in the country, there was a report a few weeks ago of bank customers spending over 138 billion Naira on SMS alert. That's how banks are structured, to make a profit from your own money. But don't hate them instead arm yourself with information and you can use banks as the tool for financial growth. I may not be a financial analyst or an economist, but this is what I know and they are all verifiable. Knowledge is power, that's why I feel powerful and optimistic inside. I don't regret making a career out of Computer Engineering instead of Economics, or Accountancy, because if you are following the trend, there is a new sector now called - Fintech: Finance meets Technology. I say to myself "This is it". Be it digital currencies, government financial instruments or developing your own business ideas, my reasons for this lengthy piece are, invest in information and acquire knowledge, learn from others but don't depend on people, You are your best teacher. Let's start something no matter how little. Let’s Be on the move. Even if we fall, let's pick the pieces and keep moving. With Jehovah God on our side, all I see is a bright future for us and our future generation. If you will like to get more information about any of the investment option drop your details here and I will get back to you.

It’s been just revealed that the crypto analytics company Santiment revealed that big players are snooping up BTC as the number of whales hits new ATH.

The firm said that the number of whales who hold a minimum of 1,000 BTC broke records earlier this week.

— Santiment (@santimentfeed) January 6, 2021

Sentiment also said:

According to the online publication the Daily Hodl, crypto exchange Krakeer highlighted Santiment’s conclusions and said that the number of BTC whales shows that the king coin has more upside potential.

“Additional whale accumulation and outflows off exchanges amid BTC’s parabolic climb indicates that well-capitalized market participants believe BTC has incremental upside in the near-term despite the move into uncharted waters.”

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $40,870.41.

In other recent news, the founder and CEO of Social Capital said in a new CNBC interview that Bitcoin is on its way to new heights as people start to realize that Bitcoin can offer them insurance in a politically and economically unstable society.

“Can you play the clip in 2012 and 2013 when it was at $200, and everybody was laughing at me on CNBC every time I would talk about Bitcoin? Where is it going? It’s probably going to $100,000, then $150,000 then $200,000.”

|E-PaperHong Kong/New York: Its getting tougher and tougher to keep track of all the different versions of bitcoin.New iterations of the cryptocurrency are multiplying as disagreements over bitcoins design persist and opportunities for making a quick buck prove hard to pass up.The biggest offshoot, called bitcoin cash, appeared in August after it split from the bitcoin blockchain in a so-called hard fork. That spinoff, currently valued at almost $18 billion, was followed by a less successful fork to create bitcoin gold in October, while a major spinoff that was planned for this week, stemming from an upgrade of the bitcoin technology called SegWit2x, was suspended. Now, several other splits are being planned.Theres bitcoin diamond, bitcoin silver and super bitcointhe latest proposal to emerge. But thats not all, theres also bitcoin platinum and bitcoin uranium, whose descriptions in Reddit posts looks suspiciously similarand the uranium version carries the unfortunate ticker of BUM.The proliferation of bitcoin breakup plans highlights the double-edged sword of the cryptocurrencys decentralized design; it allows for experimentation where ultimately the market will pick each coins value and use, but it can also get confusing and messy for users. The software underpinning bitcoin is open source, meaning anyone can simply copy it and make adjustments to form a new version of the coin if they have issues with the original. Theres also a profit motive: if offshoots are successful, the creators can earn windfalls by pre-mining coins for themselves or foundations they control.Also read: Bitcoin heads for $10,000 as cryptocurrency mania intensifiesEach cryptocurrency that breaks off from the main bitcoin chain aims to solve a problem the developers believe bitcoin has. In the case of bitcoin gold, its the centralization in mining that results from the amount of power and specialized hardware required to mine bitcoin. Bitcoin gold tries to solve this by allowing the cryptocurrency to mined with any gaming graphic card. In bitcoin cash, the aim is to increase the block size to 8 megabytes from 1 in the bitcoin blockchain, to speed up transactions and reduce fees.The appeal of creating a bitcoin fork rather than a new cryptocurrency is that the spin-offs gain access to bitcoins user base, as well as brand recognition. When coins split from the main chain, bitcoin investors get the equivalent of their holdings in the new coin. This has caused bitcoin to rally ahead of hard-forks, as traders anticipate what feels like free money.The website advertising super bitcoin says the offshoot is backed by Chinese cryptocurrency entrepreneur Li Xiaolai. It promises to make bitcoin great again by, among other things, increasing the size of blocks on which transactions are processeda move that would reduce confirmation times and fees.The question for the crypto communitywhich includes a growing number of Wall Street banks and fund managersis how fractured bitcoin will become. The popularity of bitcoin cash, along with talk of other offshoots, has fuelled big price swings over the past two weeks as traders struggled to gauge which cryptocurrency will come out on top.Bitcoin, which touched a record on 8 November, sank as much as 29% from its peak before recouping most of its losses this week. It traded at $7,448 as of 11:40am in New York.Despite the turbulence, bitcoin still has a commanding lead in the crypto league tables. Its $124 billion market value is at least four times larger than any of its competitors, which include hundreds of alt-coins like ethereum and monero, according to Coinmarketcap.com.But bitcoins top-dog status is far from guaranteed, given the ongoing feuds among its many stakeholders.The community is really divided on the technological direction and since bitcoin is such a decentralized network, there is really no method to come to a good consensus, said Gavin Yeung, chief executive officer at Cryptomover, a Hong Kong-based investment company.Yeung says bitcoin cash has the potential to eventually overtake the original, adding that multiple versions of the cryptocurrency could prove successful over the long haul. Were not bitcoin maximalists who believe theres one chain that rules them all, Yeung said. We think there are multiple use cases. Bloomberg