What is bitcoin and why is cryptocurrency so popular?

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Bitcoin is the most popular word in the financial space. As a matter of fact, Bitcoin has blown up the scene in the last few years and many people and many large companies are now jumping on bitcoin or cryptocurrency wanting some action.

People are completely new to the cryptocurrency space constantly asking this question; What exactly is bitcoin?

Well, for starters, bitcoin is actually a digital currency that falls beyond the control of any federal government, is used around the world, and can be used to buy things like your food, your drinks, real estate, cars, and more.

Why is bitcoin so important?

Bitcoin is not susceptible to things like government control and fluctuations in foreign currencies. Bitcoin is supported by the full faith of (you) the individual and is strictly equal.

This means that everyone completes transactions with bitcoin, the first thing they realize is that it is much cheaper to use than to try to send money from bank to bank or use any other services that require sending and receiving money internationally.

For example, if I wanted to send money to, say, China or Japan, I would have to pay a bank fee and it would take hours or even days for that fee to get there.

If I use bitcoin, I can do it easily from my wallet or mobile phone or computer instantly, without any of these fees. If I wanted to send gold and silver, for example, it would require a lot of guards, it would take a lot of time and a lot of money to move the bars from point to point. Bitcoin can do it again with the touch of a finger.

Why do people want to use bitcoin?

The main reason is because bitcoin is the answer to these destabilized governments and situations where money is no longer as valuable as it used to be. The money we have now; the paper fiat currency that is in our wallets is useless and will cost even less in a year.

We have even seen large companies interested in blockchain technology. A few weeks ago, a handful of Amazon customers surveyed whether they would like to use cryptocurrency if Amazon created it. The results of this showed that many are very interested. Starbucks even hinted at using a blockchain mobile app. Walmart has even applied for a “smart package” patent that will use blockchain technology to track and authenticate packages.

All our lives we have seen many changes happen in the way we shop, in the way we watch movies, in the way we listen to music, read books, buy cars, look for homes, now how we spend money and banking. The cryptocurrency is here to stay. If you haven’t already, it’s time for someone to fully explore the cryptocurrency and learn how to take full advantage of this trend, which will continue to thrive over time.

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How to trade cryptocurrencies – the basics of investing in digital currencies

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Whether it is the very idea of ​​cryptocurrencies or the diversification of their portfolio, people from all walks of life are investing in digital currencies. If you are new to the concept and are wondering what’s going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how to buy them?

With a market capitalization of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market capitalization of over $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28B), Litecoin ($ 17B) and MIOTA ($ 13B).

As the first on the market, there are many bitcoin exchanges around the world. BitStamp and Coinbase are two well-known exchanges in the United States. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with Bitcoin, then the crypto market is where you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trading volume.

What options do I have to keep my money?

Another important consideration is the storage of coins. One option, of course, is to store it on the exchange where you buy them. However, you will have to be careful when choosing an exchange. The popularity of digital currencies has led to the emergence of many new, unknown exchanges everywhere. Take the time to take due care to avoid scammers.

Another option you have with cryptocurrencies is that you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoins and several other digital currencies.

What is the market and how can I learn more about it?

The cryptocurrency market fluctuates a lot. The unstable nature of the market makes it more suitable for long-term play.

There are many well-known news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. In addition to these sites, there are many Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and the commodity market. Although these currencies still have a long way to go, the success of bitcoins and Ethereum has proven that there is real interest in the concept. Understanding the basics of cryptocurrency investment will help you go in the right direction.

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Getting started with crypto

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Investing in the cryptocurrency market space can be a bit daunting for the traditional investor, as investing directly in cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So, if you decide to dip your toes in this market, you will want to have a very good idea of ​​what to do and what to expect.

Buying and selling CC requires you to choose an exchange that deals with the products you want to buy and sell, whether they are Bitcoin, Litecoin or one of over 1300 other tokens in play. In previous editions we have briefly described the products and services offered at several exchanges to give you an idea of ​​the various offers. There are many exchanges to choose from and they all do things their own way. Look for the things that are important to you, for example:

– Deposit policies, methods and costs for each method

– Withdrawal policies and costs

– Which fiat currencies trade in deposits and withdrawals

– Products they deal with, such as crypto coins, gold, silver, etc.

– Transaction costs

– where is this exchange based? (USA / UK / South Korea / Japan …)

Be prepared for the Exchange setup procedure to be detailed and lengthy, as exchanges usually want to know a lot about you. This is similar to creating a new bank account, as exchanges are value brokers and they want to make sure that you are who you say you are and that you are a reliable person to deal with. It seems that “trust” is gained over time, as exchanges usually allow only small amounts of investment.

Your exchange will keep your CC in storage for you. Many of them offer “refrigerated storage”, which simply means that your coins are kept “offline” until you indicate that you want to do something with them. There are quite a few news stories about stock market hacking and many stolen coins. Think about the fact that your coins are in something like a bank account on the stock exchange, but remember that your coins are only digital and that all blockchain transactions are irreversible. Unlike your bank, these exchanges do not have deposit insurance, so keep in mind that hackers are always there, trying their best to get your crypto coins and steal them. Exchanges typically offer password-protected accounts, and many offer two-factor authorization schemes – something you should seriously consider to protect your account from hackers.

Given that hackers like to loot on exchanges and your account, we always recommend using a digital wallet for your coins. Moving coins between your Exchange account and your wallet is relatively easy. Be sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the device you use to “spend” your coins with merchants who accept CC for payment. Both types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but leave your coins on the Internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage media, such as dedicated hardware memory and simple paper printouts. Using a cold wallet makes transactions more complicated, but they are the safest.

Your wallet contains a “private” key that allows all the transactions you want to initiate. You also have a “public” key that is shared online so that all users can identify your account when they engage in a transaction with you. When hackers take your private key, they can move your coins wherever they want, and that’s irreversible.

Despite all the challenges and wild volatility, we are confident that the core technology of blockchain is a game that changes the game and will revolutionize how transactions are forwarded.

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Digital currency

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Cryptocurrency

Cryptocurrency is a digital currency. It is also called virtual currency. It is a digital asset that processes its transactions using cryptography, cryptography is used impenetrably and confirms transactions. In many countries, cryptocurrencies are used as alternative currencies. Bitcoin was added in 2009 as the first decentralized cryptocurrency. Then many different cryptocurrencies came on the market. They are commonly known as Altcoins. These currencies use decentralized management as a counterweight to centralized digital money and central banking systems.

Distributed management uses the Bitcoin transaction database as a paid ledger. The encryption device generates a decentralized cryptocurrency at a predetermined price, which is communicated to the public. In centralized banking and the Federal Reserve system, boards of directors or governments manage the provision of currency by printing currency, and the exchange takes place through digital banking books. However, in a decentralized cryptocurrency, companies or governments cannot create new entities or provide support to different companies, banks or companies that hold an asset.

Satoshi Nakamoto Group has created the main technical gadget for decentralized cryptocurrencies. Almost a thousand cryptocurrencies were created by September 2017, most of them comparable to bitcoin. In cryptocurrency systems, security, integrity and general ledgers are maintained with the help of a team of mutually suspicious parties known as miners, with the general public being confirmed by the use of their computer systems and time-stamped transactions maintained on a specific time scheme. stigma Miners to maintain the security of the cryptocurrency book for economic reasons.

Most cryptocurrencies constantly minimize the production of currency, limiting the total amount of currency in circulation and imitating precious metals. Unlike ordinary currencies, which are held through monetary institutions, such as holding cash, cryptocurrencies are difficult to confiscate from law enforcement. This problem is due to the use of cryptographic technologies. Law enforcement officers faced this problem in the case of the Silk Road, in which Ulbricht’s bitcoin hideout was “encrypted.” Cryptocurrencies such as bitcoin are aliases, although add-ons such as Zerocoin have been proposed to provide authentic anonymity.

Some unknown individuals or people used the Satoshi Nakamoto title and added Bitcoin in 2009, the first digital currency. SHA-256, a cryptographic hash function, was used as a working scheme in it. Namecoin was in April 2011. Litecoin was released, in October 2011. Scrypt was the hash feature in it. Cryptocurrency, Peercoin uses the hybrid as proof of performance. IOTA does not use a blockchain, it uses a tangle. Built on a custom blockchain, the Divi project allows seamless buying and selling between portfolio currencies and the ability to use information that cannot be publicly identified for transactions. Subsequently, many unique cryptocurrencies were created, but only a few were successful due to a lack of technical innovation.

The first bitcoin ATM was installed in Texas, USA on February 20, 2014, by the creator of Robocoin, Jordan Kelly. This ATM is identical to ATMs, but examines identifications such as the user’s passport or driver’s license with the help of scanners. Almost 1574 bitcoin ATMs were installed in different countries in 2017, with a total of 3 ATMs connected per day in 2017.

The legal status of cryptocurrencies varies greatly from country to country and is still permanent in many of them. Although some countries have clearly allowed their use and trade, others have banned it. In addition, different government institutions restrict bitcoins in different ways. In 2014, the Central Bank of China banned the treatment of bitcoins by financial institutions in China. In Russia, however, cryptocurrencies are legal, although it is criminal to use another currency to buy goods other than the Russian ruble. The U.S. Internal Revenue Service allowed bitcoin to be subject to capital gains tax, and on March 25, 2014, that decision clarified the legality of bitcoins.

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2018 is the year of cryptocurrencies Masternodes

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Digital currencies like Bitcoin and Ethereum are in the headlines every day. The features that make these cryptocurrencies unique are their ability to act as a stock of value and lightning fast transfer speeds, or at least with the introduction of the lightning network for bitcoins, and Ethereum’s Casper switch to position and smart contract capabilities allow cryptocurrencies to be something more than money. Masternodes coins are now in rage over the additional incentive it gives to own a percentage of a particular currency.

If you could imagine that your old old hundred-dollar bill in a blue face was on steroids, then you’d be close to imagining a masternode coin. In the world of cryptocurrencies, proof of bet is the transaction hash confirmation method, which maintains consensus and maintains all notes on the same page, so there can be no double spending of certain transactions and everything is fine with the consensus on the network. Betting on your coins is a way to use the amount of currency you own and synchronize your digital wallet with the network to maintain it, and in return you get an incentive to help validate transactions. To run masternodes, you must have a certain number of coins running on the network and follow the Masternodes setup instructions for which currency you plan to invest. The extra incentive is surprisingly more than just betting your coins, in some cases upwards of 1,500 percent per year. It is these astronomical returns on investment that really attract a lot of attention and investment in the Masternodes market.

One cryptocurrency for launching the Masternodes coin in early 2019 is the Allince Token tattoo, which is a side chain of the Egem blockchain that is disrupting the tattoo industry by creating a tokenized reward system for both people who want to buy tattoos and and for artists who look forward to applying the work of art in exchange for the symbol. I believe this will be an amazing and refreshing idea and a great way to add long-term benefits to tattoo artists who do not yet have a 401,000 incentive or incentive program in place. I am optimistic about this cryptocurrency, as it seeks to achieve great rewards and add value to the money industry. I believe that along with the capabilities of Masternodes, it will have betting and smart contract protocol, as well as offer decentralized autonomous management and a membership reward program. Look for more about the TAT Masternodes token, which comes early next year.

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5 tips to keep in mind before investing in cryptocurrencies

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Do you want to invest your hard earned money in cryptocurrency? If so, make sure you meet the criteria before making a final decision. Without considering important factors, you may risk losing your money. There are many cryptocurrencies, such as Blockchain or Bitcoin. In this guide, we will share with you some tips that you can follow before depositing your money. Read on to learn more.

1. Don’t invest too much

First of all, don’t invest an amount you can’t afford to lose along the way. In other words, it should be an amount of money that is not needed to meet your routine needs. In case you lose your investment, your life should not be affected. It is not a good idea to take out a consumer loan to invest in a cryptocurrency.

2. Study the subject first

Before making an investment, be sure to study the subject first. After all, it is not wise to invest in something you have no idea about. For example, would you buy a house without looking at it from all sides? No one will do that.

However, this does not mean that you have to become an expert before making this investment. What you need to do is understand the general terms related to the industry.

3. Diversify your investments

Another thing is to focus on diversification. In fact, this concept matters regardless of the type of field in which you want to do business.

In other words, you may not want to invest all your money in just one business. For example, if you have 10 eggs, you may not want to put them all in one basket. Use two baskets instead. That way, even if you drop one basket and break all the eggs, you’ll still have half the eggs in the second basket.

So, what you need to do is invest your money in various businesses, such as real estate and cryptocurrency.

4. Interchange transfers

Make sure you use a good cryptocurrency platform. With the help of this platform you can buy any of the popular cryptocurrencies such as ETH and BTC. If you want to buy a different currency, you need to transfer your currency to an exchange. On these exchanges you can exchange your currency pair without any problems.

5. Do your own research

As we said earlier, you may want to do some research before making a move. Investing on the advice of a friend or relative is not a good idea. You can use a variety of tools to do your homework, such as Google, Skype, Discord, Telegram, Twitter, discussion forums, and a white paper, to name just a few. It is important to take the time before investing in a project.

So, be sure to follow these tips before investing your money in the world of cryptocurrency. This way you can avoid common mistakes that most investors make. I hope this helps.

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How cryptocurrency works

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Simply put, cryptocurrencies are digital money that are designed in a way that is secure and anonymous in some cases. It is closely linked to the Internet, which uses cryptography, which is basically a process in which readable information is converted into code that cannot be breached to cover all transfers and purchases made.

Cryptography has a history dating back to World War II, when it was necessary to communicate in the most secure way. Since then, it has evolved and it has become digital today, when various elements of computer science and mathematical theory are used to provide communications, money and information online.

The first cryptocurrency

The first cryptocurrency was introduced in 2009 and is still well known around the world. Since then, many more cryptocurrencies have been introduced in the last few years and today you can find so many available on the internet.

How they work

This type of digital currency uses technology that is decentralized to allow different users to make secure payments as well as store money without necessarily using a name or even going through a financial institution. They are managed mainly on a blockchain. The blockchain is a public book that is distributed publicly.

Cryptocurrency units are usually created using a process called mining. This usually involves the use of a computer power supply. Doing so solves mathematical problems that can be very complex in generating coins. Consumers are only allowed to buy currencies from brokers and then store them in cryptocurrencies, where they can spend them with great ease.

Cryptocurrencies and the application of blockchain technology are still in their infancy when viewed from a financial perspective. More applications may appear in the future, as there is no data on what else will be invented. The future of transactions in stocks, bonds and other types of financial assets can very well be traded with the help of cryptocurrency and blockchain technology in the future.

Why use cryptocurrency?

One of the main features of these currencies is the fact that they are secure and offer a level of anonymity that you may not get anywhere else. There is no way to reverse or falsify a transaction. This is the biggest reason why you should consider using them.

Fees for this type of currency are also quite low and this makes it a very reliable option compared to the conventional currency. As they are decentralized, they can be accessed by anyone, unlike banks, where accounts are opened only with permission.

Cryptocurrency markets offer a whole new form of money and sometimes the rewards can be great. You can make a very small investment just to find that it has become something great in a very short period of time. However, it is important to note that the market can also be volatile and there are risks associated with the purchase.

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The importance of cryptocurrency as a means of financial transaction

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Nowadays, the global economy is simply moving towards a complete digital ecosystem, and therefore everything from remittances to investments is running out of paper. And cryptocurrency is the latest as well as the most capable addition in the field of digital payments. Cryptocurrency is basically an exchange medium like normal currencies like USD, but is intended mainly for the exchange of digital information. And here are some of the reasons why cryptocurrency has become so popular in the recent past.

  1. Transfer of assets: Financial analysts often define cryptocurrency as a method that at a certain level can be used to impose and execute bilateral contracts for goods such as real estate and cars. In addition, the cryptocurrency ecosystem is also used to facilitate some specialized transfer methods.
  2. Transactions: In conventional business transaction methods, legal representatives, agents and brokers can add some high costs and sufficient complications even to a direct transaction. In addition, there are brokerage fees, commissions, documents and some other special conditions that may also apply. On the other hand, cryptocurrency transactions are individual affairs that take place mainly in some equal network structure. This leads to greater clarity in establishing audit trails, greater accountability and less confusion in making payments.
  3. Transaction fees: Transaction fees often take enough bites from a person’s assets, especially if the person makes loads of financial transactions each month. However, because data miners perform number crossing, which mainly generates different types of cryptocurrencies, they receive compensation from the participating network and therefore transaction fees are never applied here. However, you may have to pay a certain amount of external fees to engage the services of other third-party management services to maintain the cryptocurrency portfolio.
  4. More confidential transaction method: In credit / monetary systems, the complete transaction history can become a reference document for the participating credit agency or bank each time you make a transaction. At the simplest level, this may include checking the account balances to ensure that adequate funds are available. But in the case of a cryptocurrency, any transaction made between two parties is considered a unique exchange where the terms can be negotiated and negotiated. In addition, here the exchange of information takes place on a “push”, where a person can send exactly what he / she likes to send to the recipient. This thing completely protects the confidentiality of financial history, as well as the threat of identity or account theft.
  5. Easier trading system worldwide: Although cryptocurrencies are generally recognized as legitimate bidding procedures at the national level, they do not depend on interest rates, exchange rates, transaction fees or any other levies imposed by any country. And with the help of the equivalent method of blockchain technology, transactions and cross-border transactions can be performed without any complications.
  6. Greater access to credit: The Internet and digital data transfer are the media that facilitate the exchange of cryptocurrencies. Therefore, these services are available to people with knowledge of cryptocurrency networks, a working data connection and immediate action on relevant portals and websites. The cryptocurrency ecosystem is able to make transaction processing and asset transfer available to anyone once the necessary infrastructure is in place.
  7. Strong security: Once a cryptocurrency transfer has been authorized, this cannot be undone as a “return” transaction to different credit card companies. This can be hedging against fraud, which must reach specific agreements between sellers and buyers regarding the refund or return of a transaction error.
  8. Adaptability: There are about 1,200 types of altcoins or cryptocurrencies in the world today. Some of them are a bit short-lived, but for specific cases an adequate proportion is used, which depicts the flexibility of this phenomenon.

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Nano Coin compared to Nexty Coin – Crypto

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Nano and Nexty: Are these real and practical alternatives to money? Let’s find out!

Blockchain is no longer a hip maniac! Bitcoin has revolutionized the way many of us have seen currencies, diaries, funds transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to solve a problem. And here is our interesting coin – Nexty. During the recording, the similarity of the Nexty platform will be compared to the Nano – XRB to get a better understanding of this platform.

In very simple words, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fee, while providing ultra-fast transfers to facilitate its users. Apart from that, transfers are extremely fast, as transactions do not require miners to perform confirmation, as in the case of other virtual currencies such as Bitcoin, etc.

According to a white paper published by the creators of Nexty, the main use of Nexty is for start-up e-commerce businesses to help generate public funding. Since there is no transaction, ultra fast transfer (2 seconds! And it’s almost real time) and a confirmation fee, fundraising will become less of a hassle. The coin is surgically targeted at e-commerce stores, as this will cultivate an ecosystem where these stores will accept NTY coins from buyers.

The concept behind NTY makes everyday online transactions a seamless experience. The team behind NTY consists of Blockchain developers and established retailers. Some team members have ten to 12 years of experience in the full development and marketing of the stack.

Some of you may argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its own block grid data structures. Therefore, each Nano account has its own blockchain, which reduces the latency for fast transfer. Apart from that, XRB is energy efficient and does not need a high quality GPU system to execute transactions. However, the Nano does not come with the option of a smart contract. Smart contracts are designed to exchange triggers for each cryptocurrency. These contracts assist in the exchange of funds, real estate, shares or any tangible or intangible entities of financial value. Smart contracts also push out the need for brokers, while carrying our crypto to exchange assets flawlessly. Apart from this one difference, NTV and XRB (Nano) are more or less the same. Another key capability of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes 3-4 hours max.

To balance the supply and demand of NTY, the platform is offered with a built-in smart betting program. This program offers bonuses and credits for buying, selling and retaining Nexty. The system is designed for investors and everyday users at the same time.

The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are fast! For example, if a security guard accepts BitCoin, he may not hand over the goods and service to you until the transaction has been confirmed by a number of minors. And now imagine again paying for goods and services in a currency that is quickly transferred with zero transaction fees, independent of any small checks!

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Crypto TREND – Second Edition

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In the first edition of CRYPTO TREND we presented Crypto Currency (CC) and answered a few questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us an idea of ​​how new and exciting this market space is:

The world’s largest futures exchange to create a bitcoin futures contract

Terry Duffy, president of the Chicago Board of Trade (CME), said: “I think sometime in the second week of December you will see our [bitcoin futures] enumeration contract. Today you can’t short bitcoins, so there is only one way you can go. You either buy it or sell it to someone else. So you create a two-way market, I think it’s always much more efficient. “

CME intends to release bitcoin futures by the end of the year pending regulatory review. If it succeeds, it will give investors a viable way to switch “long” or “short” to bitcoin. Some vendors of exchange-traded funds have also filed documents for bitcoin ETFs that track bitcoin futures.

These developments have the potential to allow people to invest in the cryptocurrency space without directly owning a CC or using the services of a CC exchange. Bitcoin futures can make the digital asset more useful by allowing consumers and intermediaries to hedge their currency risks. This can increase the acceptance of cryptocurrency by traders who want to accept bitcoin payments but are wary of its volatile value. Institutional investors are also accustomed to trading in regulated futures that do not suffer from money laundering worries.

CME’s move also suggests that bitcoin has become too large to be ignored, as the exchange seems to have ruled out cryptocurrencies in the recent past. Bitcoin is almost everything that everyone talks about in brokerage and trading companies, which have suffered against the background of growing but unusually calm markets. If stock market futures took off, it would be almost impossible for another exchange, such as CME, to catch up, as scale and liquidity are important in derivatives markets.

“You can’t ignore the fact that this is becoming more and more a story that will not go away,” Duffy said in an interview with CNBC. There are “major companies” that want access to bitcoin and there is a “huge slowdown in demand” from customers, he said. Duffy also believes that introducing institutional traders to the market could make bitcoin less volatile.

Japanese village to use cryptocurrency to raise capital for municipal revitalization

The Japanese village of Nishiawakura is exploring the idea of ​​conducting an Initial Coin Offering (ICO) to raise capital for municipal revitalization. This is a completely new approach and they can ask for support from the national government or seek private investment. Several ICOs have had serious problems and many investors are skeptical that any new token will have value, especially if the ICO turns out to be another joke or scam. Bitcoin was certainly not a joke.

Initial offering of coins – (ICO)

We didn’t mention ICO in the first issue of Crypto Trend, so let’s mention it now. Unlike an initial public offering (IPO), in which a company has an actual product or service for sale and wants to buy shares in their company, an ICO can be conducted by anyone who wants to initiate a new blockchain project with the intention of creating a new one. a symbol of their chain. ICOs are not regulated and several of them are completely fraudulent. However, a legitimate ICO can raise a lot of money to fund a new Blockchain project and network. It is typical for an ICO to generate a high symbol price in the beginning and then return to reality soon after. Because the ICO is relatively easy to hold, if you know the technology and have a few dollars, there were a lot, and today we have about 800 tokens in play. All of these symbols have a name, they are all cryptocurrencies, and with the exception of very well-known symbols such as Bitcoin, Ethereum and Litecoin, they are called alt-coin. Currently, Crypto Trend does not recommend participating in the ICO, as the risks are extremely high.

As we said in issue 1, this market is currently the ‘Wild West’ and we recommend caution. Some investors and early entrepreneurs have made big profits in this market space; however, there are many people who have lost much or all. Governments are considering regulations because they want to know about each transaction in order to tax them. They all have a huge debt and are tied to money.

So far, the cryptocurrency market has avoided many government and conventional banking financial problems and pitfalls, and Blockchain technology has the potential to solve many more problems.

A great feature of Bitcoin is that the creators have chosen a limited number of coins that can ever be generated – 21 million – thus ensuring that this cryptocurrency can never be inflated. Governments can print as much money (fiat currency) as they like and inflate their currency to death.

Future articles will delve into specific recommendations, but make no mistake, early investing in this sector will only be for your most speculative capital, money you can afford to lose.

CRYPTO TREND will be your guide if and when you are ready to invest in this market space.

Stay on the line!

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