Cryptocurrency Protection: An Overview of Bitmarque

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If you are looking for a reliable custody service for your digital assets, you may want to check out Bitmarque. Launched in 2017, Bitmarque is a different refrigeration solution that does not contain breakdown points.

The blockchain experts behind this service use military-grade security systems and a secure offline wallet. They have tried to bridge the gap between insurance and cryptocurrencies.

In fact, Bitmarque has introduced a real, unique deep storage insurance, which is a kind of consortium for interested investors.

In fact, the beauty of this new service is that it provides peace of mind for investors.

As far as cryptocurrency is concerned, the biggest problem facing currency holders is the issue of security. In other words, they are worried about losing their digital money. Here Bitmarque comes to the rescue.

The company has its own digital assets, many financial institutions and offline assets, making it the only secured trustee service provider for those who have cryptocurrency.

let’s take a closer look at this service.

What is Bitmarque?

As we said earlier, Bitmarque is a unique service as it offers a trusted custody service for cryptocurrency holders.

This service is a pure refrigerated storage solution. This is a combination of multi-character approvals and smart contracts with deeper protection methods. That is why this system is insured by a powerful financial consortium. So, it offers a financial consortium that gives your currency a high level of security and safety. Your deposits will be safe. You will not have to worry about them.

How safe will your possessions be?

The provider uses military security protocols, offline systems and refrigerated storage. For added security, the systems are installed around the world in secret places. In addition, they use a number of encrypted firewall layers for the highest level of protection.

Since there are many approval systems, you can be sure that digital assets will not go anywhere, no matter what type of threats there may be. Employees of the company or top management will not have full access to your assets unless you give your consent.

How does the service protect your digital assets?

If you are concerned about protecting your digital assets, know that security protocols are as secure as the protocols used by the military. The company has a technological solution that offers a high level of encryption and security protocols. The use of smart contracts and physical vaults located in various secret places around the world ensure that your digital assets are always in good hands.

Supported cryptocurrencies

You can deposit Litecoin and Bitcoin, but you can also contact Bitmarque to learn about other currencies. However, they support other cryptocurrencies.

Expenses

If you want to join the service, you have to pay a one-time registration fee and a small amount of fee per month and a bank transaction fee. For more information you can contact Bitmarque.

Join without a recommendation

You cannot join without a recommendation unless you meet certain criteria. It is better to contact the company to discuss the issue.

So, this was a brief overview of Bitmarque. I hope this helps.

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A Beginner’s Guide to Your Own Bitcoin Cryptocurrency

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The cryptocurrency for bitcoin is buzzing around the world, whether you are on the Internet or in any media. This is one of the most exciting and crazy things that has happened, which has only happened in the last few years. More importantly, you can earn a great return on bitcoin trading or keep it for a long time.

You can hear about Stocks, Commodities, Forex, and now a new currency called Bitcoin trading that has a significant impact on our lives. In this beginner’s guide to Bitcoin cryptocurrency, you will learn about Bitcoin’s ABC.

About bitcoin cryptocurrency

The emergence of bitcoin is not yet known, but in October 2008 a document was published under the pseudonym Satoshi Nakamoto, held by Japan. His identity is still unknown and it is estimated that as of September 2017, there are approximately one million bitcoins worth more than $ 6 billion.

Bitcoin is a digital currency known as a cryptocurrency and is free of any geographical boundaries. This is not regulated by any government and all you need is an internet connection. As a beginner, bitcoin technology can confuse you and make it a little difficult to know about it. However, I will help you dig it deeper and how you can do your first bitcoin trade with ease.

Bitcoin cryptocurrency is working on blockchain technology, which is a digital public book and is shared by everyone around the world. Here you will find your transactions when trading bitcoin and anyone can use the register to confirm it. The completed transaction will be completely transparent and verified by the blockchain. Bitcoin and other cryptocurrencies are parts of the blockchain and are a great technology that only works on the Internet.

Basic terms related to bitcoin cryptocurrency

Before you are ready to own your first bitcoin, it is better to know the key terms related to bitcoins. It is also called BTC, which is part of bitcoin and 1 bitcoin equals 1 million bits. With the advent of bitcoins, some other alternative cryptocurrencies have evolved. These are popularly called Altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many more.

XBT and BTC are the same thing and are often abbreviated to bitcoin. Mining is another term that is widely used and is actually a process performed by computer hardware for bitcoin networks.

Things you can do with bitcoin

You will be able to trade, make transactions, accept and store bitcoins. You can send it to friends, request it from a friend, and store it in your digital wallet. Even now you can top up your mobile phone / DTH directly by paying with bitcoin.

The cost of the transaction is low compared to PayPal, credit cards and other online intermediaries. In addition, it also protects your privacy, which may leak online while you use credit cards. He is extremely safe and no one can take or steal coins. Due to its transparency in the system, it is also not possible to manipulate due to the shared public book. You can check the transaction from anywhere and at any time.

Demand is likely to increase as total bitcoin production has to be limited to just 21 million. Japan has already legalized it and other countries may soon follow suit and the price may rise further.

I will discuss in more detail about bitcoins in the coming days, where you will learn great things from the bitcoin trade. You can comment on your views and ask for anything related to bitcoins.

If you found this beginner’s guide to bitcoin cryptocurrency useful, then share it and like it on social media.

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What is a cryptocurrency?

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A cryptocurrency or cryptocurrency (cryptocurrency of Saxony) is a virtual currency that serves to exchange goods and services through a system of electronic transactions without having to go through an intermediary. The first cryptocurrency to start trading was Bitcoin in 2009, and many others have emerged since then, with other features such as Litecoin, Ripple, Dogecoin and others.

What is the advantage?

When we compare cryptocurrency with the money in the ticket, the difference is that:

They are decentralized: they are not controlled by the bank, the government and any financial institution

Are anonymous: your privacy is maintained when making transactions

They are international: everyone’s opera is with them

They are safe: your coins are yours and from no one else they are stored in a personal wallet with non-transferable codes that only you know

He has no intermediaries: transactions are carried out from person to person

Fast transactions: they send interest to send money to another country and often take days to confirm; with cryptocurrencies in just a few minutes.

Irreversible transactions.

Bitcoins and any other virtual currency can be exchanged for any world currency

It cannot be falsified as they are encrypted with a complex cryptographic system

Unlike currencies, the value of e-currencies is subject to the oldest rule on the market: supply and demand. “Currently, it has a value of more than $ 1,000, and like stocks, that value can increase or decrease supply and demand.

What is the origin of bitcoin?

Bitcoin is the first cryptocurrency created by Satoshi Nakamoto in 2009. He decided to launch a new currency

Its peculiarity is that you can perform operations only in the network of networks.

Bitcoin refers to both the currency and the protocol and red P2P it relies on.

So what is bitcoin?

Bitcoin is a virtual and intangible currency. That is, you cannot touch any of its shapes, as with coins or banknotes, but you can use it as a means of payment in the same way as these.

In some countries, you can earn money through an electronic debit card page that exchanges money with cryptocurrencies such as XAPO. For example, in Argentina we have more than 200 bitcoin terminals.

Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual means of payment such as Amazon Coins, Action Coins, is decentralization. Bitcoin is not controlled by any government, institution or financial entity, whether public or private, such as the euro controlled by the Central Bank or the dollar by the US Federal Reserve.

In Bitcoin, they control real, indirectly through their transactions, users through P2 P (Point to Point or Point to Point) exchanges. This structure and lack of control make it impossible for any body to manipulate its value or cause inflation by producing more. Its production and value are based on the law of supply and demand. Another interesting detail in Bitcoin is the limit of 21 million coins, which will be reached in 2030.

How much is bitcoin?

As mentioned, the value of Bitcoin is based on supply and demand and is calculated using an algorithm that measures the number of transactions and transactions with Bitcoin in real time. Currently, the price of Bitcoin is 9,300 USD (as of March 11, 2018), although this value is not much less stable and Bitcoin is classified as the most volatile currency in the foreign exchange market.

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Preparing for the world of cryptocurrencies: Chinese edition

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Last year, the cryptocurrency market took a series of heavy blows from the Chinese government. The market accepted the hits as a warrior, but the combinations took their impact on many cryptocurrency investors. The weak market results in 2018 are fading compared to their stellar thousand-percent profits in 2017.

What happened?

Since 2013, the Chinese government has taken steps to regulate the cryptocurrency, but nothing compared to that implemented in 2017 (See this article for a detailed analysis of the official notice issued by the Chinese government)

2017 was a banner year for the cryptocurrency market with all the attention and growth it has achieved. Extreme price volatility has forced the Central Bank to take more extreme measures, including a ban on initial coin offerings (ICOs) and price caps on domestic cryptocurrency exchanges. Shortly afterwards, mines in China were forced to close, citing excessive electricity consumption. Many stock exchanges and factories moved abroad to avoid regulation, but remained accessible to Chinese investors. However, they still have not managed to escape from the claws of the Chinese dragon.

In a recent series of government-led efforts to monitor and ban cryptocurrency trading among Chinese investors, China has expanded its Eagle Eye to monitor foreign cryptocurrency exchanges. Companies and bank accounts suspected of conducting transactions with foreign cryptocurrencies and related activities are subject to measures ranging from limits on withdrawal limits to account freezing. There are even rumors among the Chinese community about more extreme measures to be imposed on foreign platforms that allow trade between Chinese investors.

“As for whether there will be additional regulatory measures, we will have to wait for orders from higher authorities.” Excerpts from an interview with the team leader of the Chinese Public Information Security Agency at the Ministry of Public Security, February 28

WHY WHY WHY !?

Imagine that your child is investing their savings to invest in a digital product (in this case a cryptocurrency) that there is no way to verify its authenticity and value. He or she can get lucky and make it rich, or lose everything when the crypto-bubble bursts. Now scale this up to millions of Chinese citizens and we are talking about billions of Chinese yuan.

The market is full of scams and pointless ICOs. (I’m sure you’ve heard news of people sending coins to random addresses with the promise of doubling their investments and ICOs that just don’t make sense). Many unreasonable investors are in it because of the money and would be less interested in the technology and innovation behind it. The value of many cryptocurrencies is derived from market speculation. During the crypto-boom in 2017, participate in any ICO or with a reputable advisor on board, with a promising team or with decent noise and you will get at least 3 times more investment.

The lack of understanding of the company and the technology behind it, combined with the proliferation of ICOs, is a recipe for disaster. Central Bank members report that almost 90% of ICOs are fraudulent or involve illegal fundraising. In my opinion, the Chinese government wants to ensure that the cryptocurrency remains “controllable” and is not too large to fail within the Chinese community. China is taking the right steps toward a safer, more regulated cryptocurrency world, albeit aggressive and controversial. In fact, this may be the best move the country has taken in decades.

Will China issue an ultimatum and make cryptocurrency illegal? I strongly doubt it, because it is pointless to do so. Financial institutions are currently prohibited from holding any crypto assets, while individuals are permitted but prohibited from engaging in any form of trading.

State cryptocurrency exchange?

At the annual “Two Sessions” (Named because the two main parties – the National People’s Congress (NPC) and the National Committee of the Chinese People’s Political Consultative Conference (CPCC) participate in the forum held in the first week of March, leaders gather to discuss the latest problems and make the necessary changes to the law.

Wang Penji, a member of the NPCC, got acquainted with the prospects for a state platform for trading digital assets, as well as to initiate educational projects for blockchain and cryptocurrency in China. However, the proposed platform will require a verified account to allow trading.

“With the establishment of the relevant regulations and the cooperation of the People’s Bank of China (PBoC) and the China Securities Regulatory Commission (CSRC), a regulated and effective platform for cryptocurrency exchange will serve as a formal way to raise funds from companies (through ICO) and investors to hold their digital assets and achieve capital appreciation “Excerpts from Wang Penji ‘s presentation at both sessions.

The march to a blockchain nation

Governments and central banks around the world are struggling to cope with the growing popularity of cryptocurrencies; but one thing is for sure, everyone has accepted the blockchain.

Despite the repression against cryptocurrencies, the blockchain is gaining popularity and acceptance at various levels. The Chinese government supports blockchain initiatives and embraces the technology. In fact, the People’s Bank of China (PBoC) is working on a digital currency and has conducted fraudulent transactions with some of the country’s commercial banks. It has not yet been confirmed whether the digital currency will be decentralized and offers cryptocurrency features such as anonymity and immutability. It would not be a surprise if it turns out to be just a digital Chinese yuan, given that anonymity is the last thing China wants in their country. However, created as a close substitute for the Chinese yuan, the digital currency will be subject to existing monetary policies and laws.

Governor of the People’s Bank of China, Zhou Xiaochuan. Source: CNBC

“Many cryptocurrencies are experiencing explosive growth that could have a significant negative impact on consumers and retail investors. We don’t like (cryptocurrency) products that use the huge opportunity for speculation, giving people the illusion of getting rich overnight.” Excerpts from Zhou Xiaochuan’s Interview on Friday, March 9th.

In a media statement Friday (March 9th), Chinese National Bank Governor Zhou Xiaochuan criticized cryptocurrency projects that took advantage of the crypto boom to make money and market speculation. He also noted that the development of the digital currency is “technologically inevitable”

At the regional level, many Chinese cities encourage blockchain initiatives to promote growth in their region. Hangzhou, known for being Alibaba’s headquarters, said blockchain technology is one of the city’s top priorities in 2018. The local government in Chengdu has also been asked to build an incubation center to promote the adoption of blockchain technology in financial institutions. city ​​services.

Local conglomerates such as Tencent and Alibaba have also formed partnerships with blockchain companies or initiated projects themselves. Blockchain companies such as VeChain have also provided numerous partnerships with Chinese companies to improve supply chain transparency in China.

All the evidence points to the fact that China works for a blockchain nation. China has always had an open mentality to emerging technologies such as mobile payments and artificial intelligence. From now on, China will undoubtedly be the first country with an activated blockchain. Will we see the Chinese government back down and let its citizens trade again? Probably when the market is mature and less volatile, but definitely not in 2018.

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A Guide to Successful Trading in Major Cryptocurrencies

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Cryptocurrency trading has taken over the world and this is what has become the norm for most traders and investors. If you are eager enough to do research before you start trading, you have a chance to enjoy real growth and profits in the end. The worst thing you can do when it comes to this type of trading is to go into it blindly simply because that’s what everyone else is doing. A little research into the major currencies and a deepening in the basics of buying and trading can make a huge difference. Here are some guidelines to help you succeed in your business.

Take the time to understand how the blockchain works

Blockchain technology redefines transactions and changes everything. A blockchain can be defined as a list of records that continually grow into blocks protected and linked by cryptography. Blockchains are resistant to data modification and serve as a public ledger for transactions between parties. The transparent and decentralized nature of the blockchain makes it extremely secure, and in the world of hacking it is really functional and reliable. He solves problems with manipulation that have become so obvious in the world today. While no one can claim to understand everything that is a blockchain, learning a few basics will give you a much easier time for your trading.

Guess and learn the best currencies

The space of virtual currency is becoming crowded due to the popularity of currencies. The fact is that today there are more than 100 cryptocurrencies, which means that you need to know which are the most popular and popular, so you can choose the right buy and sell, given the profitability. Bitcoin accounts for half of the market with the largest volume, but Litecoin and Ethereum also come first and allow for bitcoin. Find out as much as you can about the currency you are interested in. The more you know, the better you will be at making decisions; in fact, you can trade more than one cryptocurrency without any challenge.

Keep in mind the inherent risks

Bitcoin and other currencies are quite volatile, even compared to the stock market and gold. Remember that this is still a technology in its early days and it faces many challenges. The chances of winning are quite high, but so are the risks. Public sentiment for a given currency can actually affect prices. What goes up will definitely go down, so be careful with the trading moves you make. The higher the risks, the higher the profits can be, but be prepared for losses. The best thing you can do regardless of the cryptocurrency you choose is to keep track of events that may affect prices and act quickly.

Once you know everything that matters in cryptocurrency trading, you can open a brokerage account and finance it, after which you can start buying and selling currencies. The prizes are numerous for avid traders.

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Bitcoin cryptocurrency – Understanding the basics

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It has been more than a decade since cryptocurrency began to fascinate people on social media and especially on the Internet. Today, bitcoin managed to rank among the top cryptocurrencies, no one knows the exact origin of the currency, but it appeared in mid-2008, associated with the Japanese pseudonym “Satoshi Nakamoto”.

So, what exactly is this bitcoin currency and why it has managed to retain its place in the financial markets. Well, the following reasons can give you an idea of ​​its popularity and proof of its continued safe future.

  • Bitcoin is the first decentralized digital currency.

  • Bitcoin is an independent free-floating currency that is neither owned by any government nor linked to any other currency in order to be able to influence the value of the economic indicators that govern the value of traditional currencies.

  • With its growing popularity among the masses, it already enjoys an increased level of acceptance at all levels, for example, you can now buy things with bitcoin cryptocurrency directly and trade them on various platforms such as CoinBase, Bitfinex, Bitstamp, Kraken and others.

  • All you need is a wallet and an internet connection to make an equal bitcoin transfer.

  • In most cases, transfers are instantaneous.

  • The convenience of making transactions over the Internet or your mobile phone with a few clicks.

  • Your privacy is secure compared to other online payment methods, where your vital information can leak and be misused.

  • While transferring money using conventional methods, you must pay fees depending on the volume of your transactions, and in addition, these transfers are subject to your specific regional and national regulations. Although transactions in bitcoin cryptocurrency do not require you to be bound by any government regulations and also do not pay heavy transaction fees.

  • Because you are the only one who has access to your e-wallet, your coins are always safe with you and no one can steal your money. The process and transactions are transparent due to the shared public ledger and anyone can check a transaction at any time from anywhere in the world using the internet.

  • Another advantage of the bitcoin cryptocurrency wallet is that your account cannot be frozen.

Given the growing popularity and acceptability of bitcoin cryptocurrency, we can safely assume that the future of bitcoin is not only secure, but quite bright and this innovative method of payment is here to stay.

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Crypto Signal Services – Choosing the Best

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Crypto trading can be profitable when the trader manages to monitor the market around the clock. However, this is something that can be challenging to do, but fortunately there are cryptocurrency services that can be used to offer the necessary trading assistance. They offer signals so that traders can make the right decisions with their trading at the right time for it. With the so popular cryptocurrency trading, a number of cryptocurrency services have emerged. So how do you choose the best one to offer valuable information to make your trade the most successful?

Quality of service

This is one of the most important factors to consider when choosing services. The trading platform must have an impressive success rate in forecasting and also offer appropriate signals to guide you through trades and market trends. The signals must also be sent immediately so that they coincide with real market activities. Make sure they generate signals as quickly as possible; makes everything different.

Reliability

Remember that you will trust them to guide you in your transactions and therefore you want to choose someone you can fully rely on to make a safe choice. This means that you must choose a provider that is 100% legitimate. A provider that says how they generate signals is more reliable, whether they are expert traders or automated software. In a world full of scams, you really want to be careful who you choose to work with.

Free trial

One of the best ways you can find out that a provider is genuine is that they offer you a free trial for the services they offer. This is true even when it comes to crypto trading. A provider that offers free alerts for a certain period of time allows you to determine the quality and reliability of the service. By trying before you invest, you enter the services with complete confidence. Legal alerts will have no problem, giving you the freedom to decide to work with them or look elsewhere in case you are not happy with what you receive.

Pricing

Even with a free trial, you will definitely need to subscribe to the services at some point. Avoid providers that offer alerts for free, as they may not be legitimate. However, you should not be deceived to pay huge sums for the subscription. Pricing should be reasonable for the quality of service you enjoy. Do your math and do a little research to make the right decisions in the end.

supports

In addition to being available 24 hours a day for your assistance, they should be familiar with the exchange of digital currencies and the application they offer you. Without this type of support, you will still have problems with the value that the services are designed to add to you.

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Are you planning to trade the Monero cryptocurrency? Here are the basics to get you started

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One of the main commands of blockchain technology is to provide users with unshakable confidentiality. Bitcoin, as the first decentralized cryptocurrency of its kind, relied on this premise to be sold to a wider audience, which then needed a virtual currency free from government intervention.

Unfortunately, along the way, bitcoin proved to be rich in several weaknesses, including non-scalability and variable blockchain. All transactions and addresses are written on the blockchain, thus making it easier for everyone to connect the dots and disclose users’ personal data based on their existing records. Some governmental and non-governmental agencies already use blockchain analysis to read data on the Bitcoin platform.

Such shortcomings have led to developers looking for alternative blockchain technologies with improved security and speed. One of these projects is Monero, usually represented by an XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy than other blockchain ecosystems. This technology protects user information through hidden addresses and ring signatures.

Stealth address refers to the creation of a single address for a stand-alone transaction. Two addresses cannot be fixed per transaction. The received coins go to a completely different address, which makes the whole process unclear to an outside observer.

The ring signature, on the other hand, refers to mixing account keys with public keys, thus creating a “ring” of multiple signatories. This means that the monitoring agent cannot associate a signature with a specific account. Unlike cryptography (a mathematical method for securing crypto projects), the ring’s signature is not a new child in the block. Its principles have been explored and recorded in a 2001 paper by the Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many blockchain developers and enthusiasts, but the truth is that it is still a nascent tool with several applications. Because Monero uses the already tested Ring signature technology, it has emerged as a legitimate project that deserves to be adopted.

Things you need to know before you start trading Monero

The Monero market

Monero’s market is similar to that of other cryptocurrencies. If you want to buy it, then Kraken, Poloniex and Bitfinex are some of the exchanges you should visit. Poloniex was the first to adopt it, followed by Bitfinex and finally Kraken.

This virtual currency seems mostly pegged to the dollar or to other cryptographers. Some of the available pairings include XMR / USD, XMR / BTC, XMR / EUR, XMR / XBT and many more. The volume of trading and liquidity of this currency report very good statistics.

One of the good things about XMR is that anyone can participate in its digging either as an individual or by joining a digging pool. Any computer with significantly good processing power can produce Monero blocks with a few hiccups. Don’t worry about going for ASICS (application-specific integrated circuits), which are currently required for digging bitcoins.

Price volatility

Although it is a great network for cryptocurrency, it is not so special when it comes to volatility. Virtually all altcoins are extremely unstable. This should not worry any avid trader, as this factor is what makes them profitable in the first place – you buy when prices fall, and sell when they are on the rise.

In January 2015, XMR went for $ 0.25, then did a little jogging to $ 60 in May 2017 and is currently bowling over $ 300. The Monero coin recorded its ATH (all-time record) of $ 475 at January 7, before it began to collapse along with other cryptocurrencies to $ 300. At the time of writing, almost all decentralized currencies are in a phase of price adjustment, and bitcoin fluctuates between $ 10-11 000 from its glorious ATH from $ 19,000.

Legal capacity and adoption

Thanks to its ability to offer reliable privacy, XMR has been adopted by many people, making its coins easy to exchange for other currencies. In simple words, Monero can be easily traded for something else.

All bitcoins in the Bitcoin Blockchain are recorded and therefore, when an incident such as theft occurs, any coin involved will be avoided from work, making them indispensable. With monero you can’t tell one coin from another. Therefore, no seller can reject any of them because it is related to a bad accident.

Currently, the Monero blockchain is one of the most popular cryptocurrencies with a significant number of followers. Like most other blockchain projects, his future looks great, despite the government’s impending repression. As an investor, you need to do your thorough checking and research before trading any cryptocurrency. When possible, seek help from financial experts to get you on the right track.

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Coinbase: Launching bitcoin is spreading to conquer more of the market

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The price of bitcoins jumped sharply in 2017. Coinbase, one of the largest cryptocurrency exchanges in the world, was in the right place at the right time to take advantage of the jump in interest rates. However, Coinbase is not interested in taking its cryptocurrencies for granted. To stay ahead in a much larger cryptocurrency market, the company is putting money back into its master plan. By 2017, the company’s revenue is reported at $ 1 billion, and assets of more than $ 150 billion are traded with 20 million customers.

Coinbase, a San Francisco-based company, is known as the leading cryptocurrency trading platform in the United States and with its continued success landed 10th on CNBC Disruptor’s list in 2018 after failing to make the list. in the previous two years.

On its way to success, Coinbase leaves no stone unturned in the poaching of key executives on the New York Stock Exchange, Twitter, Facebook and LinkedIn. This year, the size of his full-time engineering team has almost doubled.

Earn.com was acquired by Coinbase in April for $ 100 million. This platform allows users to send and receive digital currency while replying to mass market emails and performing microtasks. The company is currently planning to bring in former venture capitalist Andreessen Horowitz, founder and CEO of Earns, as its first chief technology officer.

According to current estimates, Coinbase was valued at about $ 8 billion when it set out to buy Earn.Com. This value is much higher than the $ 1.6 billion estimate estimated in the last round of venture capital funding in the summer of 2017.

Coinbase declined to comment on its valuation, despite having more than $ 225 million in funding from top VCs, including Union Square Ventures, Andreessen Horowitz and also from the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. The NYSE rival Nasdaq is also considering a similar move.

• The competition is coming up

While competing organizations are trying to bite off Coinbase’s business, Coinbase is looking for other venture capital opportunities in an attempt to build a trench around the company.

Dan Dolev, an immediate Nomura analyst, said Square, a company run by Twitter CEO Jack Dorsey, could feed into Coinbase’s stock business since it began trading cryptocurrency in its Square Cash app in January. .

According to Dolev’s calculations, Coinbase’s average trading fees were approximately 1.8% in 2017. Such high fees can direct consumers to other cheaper exchanges.

Coinbase seeks to become a one-stop shop for institutional investors while hedging its stock business. To attract investors in this class with white gloves, the company announced a fleet of new products. This class of investors are especially wary of immersing themselves in the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase estimates that there are billions of dollars of institutional money that can be invested in digital currency. He already has a $ 9 billion deposit in client assets.

Institutional investors are concerned about security, even though they know that Coinbase has never suffered a hack like some other global cryptocurrency exchanges. Coinbase’s president and chief operating officer said the impetus for launching Coinbase’s trusteeship last November was the lack of a trusted trustee to protect their crypto assets.

• Wall Street is currently moving from Bashing Bit to Cryptocurrency Backer

According to the latest data from Autonomous Next Wall Street’s, interest in the cryptocurrency seems to be increasing. There are currently 287 cryptocurrency hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs even opened a cryptocurrency trading office.

Coinbase also introduced Coinbase Ventures, which is an incubation fund for early-stage start-ups operating in cryptocurrency and blockchain. Coinbase Ventures has already raised $ 15 billion for further investment. His first investment was announced in a startup called Compound, which allows a person to borrow or lend cryptocurrency while earning an interest rate.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup was BitPlay, which recently raised $ 40 million in risky money. Last year, BitPlay processed over $ 1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future, cryptocurrency will be able to eliminate the need for central banking authorities. In the process, this will reduce costs and create a decentralized financial solution.

• Regulatory security remains intensive

To limit access to four cryptocurrencies, Coinbase has drawn a lot of criticism. But they need to step carefully as US regulators consider how to control certain uses of the technology.

For cryptocurrency exchanges such as Coinbase, the question is whether cryptocurrencies are securities that would be subject to the jurisdiction of the Securities and Exchange Commission. Coinbase has no doubt been slowly adding new coins since the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials to register as a licensed broker and e-commerce venue. In such a scenario, Coinbase will find it easier to maintain more coins and also comply with security regulations.

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6 Benefits of investing in cryptocurrencies

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The birth of bitcoin in 2009 opened the door to investment opportunities in an entirely new type of asset class – cryptocurrency. Many entered the space path early.

Intrigued by the enormous potential of these nascent but promising assets, they bought crypto at cheap prices. Therefore, in 2017, they became millionaires / billionaires. Even those who did not gamble much made a decent profit.

Three years later, cryptocurrencies still remain profitable and the market is here to stay. Maybe you are already an investor / trader or maybe you are considering trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report entitled Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as exiles, but as an alternative to existing monetary systems. Their advantages such as security, speed, minimum transaction fees, ease of storage and relevance in the digital age will be recognized.

Specific regulatory guidelines would promote cryptocurrencies and accelerate their adoption. The report estimates that by 2030 there will be 200 million users of the cryptocurrency portfolio and almost 350 million by 2035.

Opportunity to be part of a growing community

#IndiaWantsCrypto on WazirX campaign recently ended 600 days. This has become a massive movement supporting the adoption of cryptocurrencies and blockchain in India.

Also, a recent Supreme Court ruling lifting RBI’s 2018 ban on crypto banking has brought a new surge of confidence to Indian investors in bitcoin and cryptocurrency.

The Edelman Trust Barometer report for 2020 also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians trust cryptocurrencies and blockchain technology. 60% say that the impact of cryptocurrency / blockchain will be positive.

As a cryptocurrency investor, you are part of a thriving and fast-growing community.

Increased profit potential

Diversification is a basic rule for investment. Especially during these periods, when most of the assets suffered heavy losses due to economic difficulties caused by the COVID-19 pandemic.

While investments in bitcoin have given a 26% return since the beginning of the year, gold has returned 16%. Many other cryptocurrencies have registered three-digit returns on investment. Stock markets, as we all know, have posted grim results. Crude oil prices fell below 0 in April.

Including bitcoin or other cryptocurrencies in your portfolio would protect the value of your fund in such uncertain global market situations. This fact was also impressed by the manager of billionaires macro hedge funds Paul Tudor Jones, when a month ago he announced that he plans to invest in bitcoin.

The cryptocurrency markets are at 24X7X365

Unlike conventional markets, cryptocurrency markets operate around the clock, all days of the year without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not include human intervention. So you can trade crypto or invest in digital assets whenever you want. This is a great benefit! Cryptocurrency markets are very efficient in this way.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

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No documents or formality required

You can invest in bitcoin or other cryptocurrency anywhere and anytime, without unnecessary conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an “accredited investor”, cryptoinvestment is free for everyone. In fact, this was the goal set for the creation of cryptocurrencies. The democratization of finance / money.

To purchase any cryptocurrency WazirX, you need to open an account for which you simply need to provide some basic information, including information about your bank account. Once checked, within a few hours, you are good to go.

Sole proprietorship in investments

When you buy bitcoin or another cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in an equal agreement.

Unlike bonds, mutual funds, stockbrokers, no third party “manages your investment” for you. You can call the sales photos whenever you want.

Consumer autonomy is the biggest advantage of cryptocurrency systems, which provides incredible opportunities to invest and build a corpus on your fixed capital “independently”.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and compelling enough to launch your crypto investment journey.

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