Tag Archives: cryptocurrency

Tag Archives: cryptocurrency

Are Cryptocurrencies a Good Financial Investment?

Author: Teemu Viinikka

Category: cryptocurrency, Finance, Finance & Crypto, investment

Posted On: December 1, 2024

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The world of cryptocurrency trading has become one of the most talked-about topics in finance over the past decade. From the meteoric rise of Bitcoin to the emergence of thousands of altcoins, the crypto market has captured the imagination of investors worldwide. But are cryptocurrencies a good financial investment? 

The Interests that Cryptocurrency Trading can Generate

Cryptocurrencies promise something unique: decentralization. In comparison to fiat currencies that are managed by government and central banks, cryptocurrencies are operating on blockchain technology, a secure, transparent ledger. This feature makes them appealing to those who value independence from financial institutions.

Many early adopters have seen jaw-dropping returns on their investments. For example, Bitcoin was worth mere cents in 2010 but has since skyrocketed, reaching over $60,000 per coin. Such success stories lure investors hoping to capitalize on similar gains.

Beyond potential profits, cryptocurrencies provide a hedge against inflation. With some coins having a capped supply, like Bitcoin, they’re seen as “digital gold.” As fiat currencies lose value over time, crypto enthusiasts argue that these assets might hold or even increase their worth.

Risks to Consider

While the potential rewards are enticing, cryptocurrencies are notoriously volatile. Prices can swing wildly within hours. For instance, a tech billionaire or regulatory news tweet can cause a sudden spike or crash. This unpredictability makes cryptocurrencies a risky choice for those seeking stable investments.

Another concern is the lack of regulation. While decentralization is one of crypto’s selling points, it can also leave investors vulnerable. Unfortunately, scams, hacking incidents, and fraudulent schemes are common in this space. Without proper research, one could easily fall victim to these pitfalls.

Additionally, the technology behind cryptocurrencies can be intimidating for newcomers. Wallets, private keys, and understanding blockchain mechanics require a learning curve. Mistakes like losing access to a wallet can mean permanent loss of funds.

Should You Invest?

The answer will be based mostly on your financial goals and risk tolerance. Cryptocurrencies can be an excellent addition to a diversified portfolio, especially if you’re comfortable with high-risk, high-reward scenarios. However, they shouldn’t dominate your investment strategy.

You may want to start investing with an amount that you are comfortable losing. Treat it as a speculative asset rather than a guaranteed wealth-building method.

Consider stablecoins or established cryptocurrencies like Bitcoin and Ethereum, which have stood the test of time compared to newer, less-proven coins.

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Exploring Real Estate Opportunities with CostaRicaBeachLife.com in the Crypto Era

Author: Teemu Viinikka

Category: cryptocurrency, Finance & Crypto

Posted On: November 7, 2024

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CostaRicaBeachLife.com is the perfect resource for those drawn to Costa Rica’s beautiful coastlines and thriving real estate market. The site showcases prime locations for vacation homes, retirement, and investment in Costa Rica, emphasizing its stable economy, stunning scenery, and growing tourism. It also explores how cryptocurrencies like Bitcoin and Ethereum impact real estate transactions, creating new opportunities for investors.

Why Cryptocurrency Matters for Modern Investors?

Cryptocurrency offers investors opportunities for growth and diversification, functioning independently of government policies and often performing well during market instability. While its high potential returns attract many, it also has significant volatility.

Investors see it as a tool to balance portfolios and hedge against inflation, but the risks are equally high, with values influenced by regulatory news and market sentiment. Experts suggest that beginners allocate only a small portion of their portfolios to crypto.

CostaRicaBeachLife.com and the Role of Blockchain in Real Estate Innovation

Blockchain technology is reshaping finance by providing transparency and security in transactions through a distributed ledger, making fraud nearly impossible. This has powerful implications for various industries, including finance, supply chain management, and real estate.

In finance, blockchain simplifies processes and reduces costs for cross-border transactions, which traditionally involve high fees and delays.

Consequently, financial institutions are increasingly looking to integrate blockchain into their operations.

Regulatory Concerns and Market Volatility

One of the main challenges in the crypto world is regulatory uncertainty, as governments globally struggle to establish rules for digital currencies. Some countries embrace crypto, while others restrict or ban it, causing market volatility and affecting investor confidence. Additionally, the crypto market operates 24/7, leading to rapid value changes that can be both an advantage and a source of unpredictability.

Future of Finance and Crypto Integration

Cryptocurrency and traditional finance are increasingly integrating, with financial giants developing crypto-based products to cater to tech-savvy clients. This trend may lead to greater mainstream acceptance and stability, making crypto a key element in investment portfolios. For newcomers, staying informed is crucial in this evolving space as the potential for growth and innovation expands. However, a cautious and informed approach remains the best investment strategy.

Cryptocurrency may have started as a niche concept, but it has quickly transformed into a major player in finance. As digital currencies and blockchain technology persist in reshaping the financial world, understanding the opportunities and risks will be essential for anyone looking to take advantage of this new era in finance.

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The Role of Cryptocurrencies in Decentralized Finance (DeFi)

Author: Dora Took-Brandybuck

Category: Finance & Crypto

Posted On: August 23, 2024

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crypto and cashWhat is DeFi?

Decentralized Finance (DeFi) is a rapidly growing sector within the crypto world that aims to remove traditional financial intermediaries. Using blockchain technology, DeFi platforms offer financial services such as lending, borrowing, and trading directly to users without banks or brokers.

The Rise of DeFi Protocols

In 2024, DeFi protocols have gained significant traction, with billions locked in decentralized platforms like Uniswap, Aave, and Compound. These platforms enable users to earn interest, trade assets, and take out loans with complete transparency and lower fees than traditional finance.

Risks and Rewards

However, DeFi is not without its risks. Security vulnerabilities and a lack of regulation can lead to scams and hacks. Despite these challenges, the DeFi ecosystem continues growing, attracting individual investors and large institutions.

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Facebook Likes and Cryptocurrency: The Intersection of Social Media and Finance

Author: Dora Took-Brandybuck

Category: Finance & Crypto

Posted On: May 30, 2024

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facebook and cryptos

The intersection of social media and finance is a dynamic space where innovative strategies are continually emerging. One such strategy involves using Facebook likes as a form of social currency in the cryptocurrency market. This approach explores how social media engagement can influence the value and perception of cryptocurrencies.

The Role of Facebook Likes in the Crypto Market

Facebook likes can serve as a form of social proof, indicating the popularity and credibility of a cryptocurrency. This social validation can impact investor decisions and market trends.

Real Facebook likes can enhance the perception of a cryptocurrency’s legitimacy and attract more investors. Purchasing affordable, genuine likes helps build a positive image and increases social engagement.

Benefits of Social Media Engagement in Crypto

  • Market Credibility: Likes serve as endorsements, enhancing credibility.
  • Investor Confidence: High engagement levels can boost investor confidence.
  • Market Trends: Likes can indicate emerging trends and popular cryptocurrencies.

Using Facebook Likes as Social Currency

In the crypto market, social media engagement can act as a form of social currency, influencing perceptions and value.

How Likes Function as Social Currency

  • Brand Endorsement: Likes act as endorsements, increasing trust.
  • Value Perception: High engagement can positively affect the perceived value of a cryptocurrency.
  • Community Building: Likes help build and sustain active communities around cryptocurrencies.

Benefits of Social Currency

  • Increased Trust: Greater social engagement leads to increased trust and credibility.
  • Market Influence: Social currency can influence market behavior and trends.
  • Community Support: Strong social engagement fosters a supportive community.

The Impact of Purchasing Facebook Likes on Cryptocurrencies

Purchasing Facebook likes can have a significant impact on the visibility and perceived value of cryptocurrencies.

Strategies for Leveraging Purchased Likes

  • Visibility Boost: Increase the visibility of cryptocurrency projects.
  • Enhanced Credibility: Build a credible and appealing online presence.
  • Attract Investors: Higher likes can attract potential investors.

Benefits of Purchased Likes

  • Cost-Effective Marketing: An affordable way to boost online presence.
  • Quick Results: Immediate increase in visibility and engagement.
  • Competitive Advantage: Stand out in a crowded market with strong social proof.

READ ALSO: Funding Business-Related Needs With Business Loans Collateralized By Cryptocurrency Assets

Conclusion

The intersection of Facebook likes and cryptocurrency is an innovative and dynamic area. Leveraging likes as a form of social currency can significantly impact the perception and value of cryptocurrencies. Investing in real Facebook likes is a strategic move that can enhance credibility, attract investors, and build strong communities. As social media continues to play a crucial role in the finance world, understanding and utilizing these strategies can lead to substantial benefits in the crypto market.

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Mastering Risk: Strategies for Success in Crypto Trading Across Platforms

Author: Biljana Kuprešak

Category: Finance & Crypto

Posted On: November 18, 2023

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Bitcoin price chart from a trading platform

In the dynamic world of cryptocurrency trading, mastering risk is paramount to achieving sustainable success across various platforms. As investors navigate the intricate landscape of crypto markets, implementing effective risk management strategies becomes a linchpin for long-term profitability.

A pivotal tactic for thriving in crypto trading is diversification. Instead of concentrating your investments on a single cryptocurrency, distribute them across various assets. This approach not only reduces the risk linked to the unpredictability of individual assets but also enables you to seize potential opportunities emerging in different segments of the market.

Furthermore, setting clear and realistic goals is crucial. Define your risk tolerance and establish profit targets. This disciplined approach helps you make informed decisions and prevents emotional reactions to market fluctuations. Many successful traders attribute their achievements to a systematic and goal-oriented trading strategy.

Another essential tip is to stay informed about market trends and news. Cryptocurrency markets can be highly reactive to external factors, such as regulatory changes, technological advancements, or global events. By staying abreast of developments, you position yourself to make timely decisions and adjust your strategy according to the evolving market conditions.

 

ALSO READ: Aruba Vacation Rental Market Trends: What You Need to Know

 

Utilizing advanced trading tools and platforms is also integral to effective risk management. Choose platforms that offer features like stop-loss orders, which automatically sell a cryptocurrency when its price falls to a predetermined level. These tools empower you to execute trades seamlessly and implement risk mitigation strategies without constant manual oversight.

Moreover, embracing a continuous learning mindset is vital in the ever-evolving crypto landscape. Attend webinars, read market analyses, and engage with the crypto community. Learning from both successes and setbacks, whether yours or others, contributes to your evolving understanding of the market and refines your risk management techniques.

In conclusion, navigating the volatile terrain of cryptocurrency trading demands a proactive and strategic approach to risk management. By diversifying your portfolio, setting clear goals, staying informed, utilizing advanced tools, and fostering a commitment to continuous learning, you can enhance your chances of success across various trading platforms. Remember, mastering risk is not just a goal; it’s an ongoing journey toward sustainable profitability in the exciting world of crypto trading.

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Exploring the Intersection of Finance and Cryptocurrency

Author: Teemu Viinikka

Category: cryptocurrency, Finance, Finance & Crypto

Posted On: February 11, 2023

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Cryptocurrency has gained significant attention in the financial industry in recent times. With its decentralized structure and innovative use of technology, cryptocurrency offers a new and unique investment opportunity for those looking to diversify their portfolios

However, despite its potential benefits, many people are still unsure about how cryptocurrency fits into the larger world of finance and what it means for traditional investments.

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions. It operates on a decentralized platform, which means that it is not controlled by a single entity or government. The most well-known cryptocurrency is Bitcoin, but there are many other cryptocurrencies available on the market, including Ethereum, Litecoin, and Ripple.

The Intersection of Cryptocurrency and Finance 

Cryptocurrency operates differently from traditional investments and has unique financial implications for those who invest in it. One of the main benefits of cryptocurrency is its decentralized structure, which makes it less susceptible to market manipulation and government intervention. Additionally, cryptocurrency operates 24/7, allowing for faster and more efficient transactions.

However, cryptocurrency also has its risks. Cryptocurrency values are known for their extreme volatility and can change rapidly. This can make it a risky investment, especially for those who are not familiar with the technology and market. Furthermore, the lack of regulation in the cryptocurrency market can also increase the risk of fraud and scams.

Investing in Cryptocurrency 

Despite its risks, cryptocurrency can still be a valuable investment opportunity for those who understand the market and have a well-diversified portfolio. While cryptocurrency can offer high returns, it is also highly volatile and subject to significant price swings. Therefore, it is crucial for investors to have a comprehensive understanding of the market and its underlying technology, as well as to diversify their portfolios to mitigate potential losses.

It is important to thoroughly research and understand the technology and market before making any investment decisions.

It is also wise to only invest funds that you can afford to lose and to consult with a financial advisor if necessary.

Individuals interested in exploring the potential of cryptocurrency can learn more about it through websites, which provides valuable information and resources for anyone looking to invest in this digital currency.

Investing in cryptocurrency presents a new and diverse investment option, but caution and understanding of financial implications and risks is crucial before making any decisions. With knowledge, investors can benefit from cryptocurrency and secure long-term financial success.

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Using Crypto to Pay Off Loans and Build Credit

Author: Teemu Viinikka

Category: cryptocurrency, Finance, Finance & Crypto

Posted On: January 4, 2023

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If you need to take an affordable auto loan, you can try to visit National Loans. But if you’re searching for a way to pay it conveniently, you can try cryptocurrency.

Cryptocurrency is rapidly becoming a popular way to pay off loans and build credit. With cryptocurrency, you can safely and securely make payments while avoiding hefty bank fees and other financial hassles. It’s also incredibly easy to use, with no complicated technical setup required.

Paying Loans using Cryptocurrency

If you’re thinking about using cryptocurrency to pay off loans and build credit, there are a few things to consider. First, make sure you understand how cryptocurrency works and make sure that you’re comfortable with the risk associated with using it.

It’s also important to think about the transaction fees that come with using cryptocurrency. The transaction fees will depend on the cryptocurrency network. It’s also important to keep in mind that transactions can take a while to process depending on the network.

Lastly, you’ll need to look for lenders that allow you to pay back your loans using cryptocurrency. There are a number of peer-to-peer lending platforms that allow you to use cryptocurrency to make personal loans, so you can start there.

Advantages of Using Cryptocurrency

There are several advantages of using cryptocurrency. Among these include but not limited to no fees, quick transfers, and easy access to global markets. In addition to that, cryptocurrency can also be an excellent tool for paying off loans and building credit because it’s very easy to use and transfers happen almost instantly.

Unlike other forms of payment, such as cash, cryptocurrency is not tied to any location. Anyone can use cryptocurrency anywhere in the world as long as they have access to the internet. Finally, transactions with cryptocurrency cannot be reversed, so there is added security when making payments.

On the flip side, we can’t be too comfortable with cryptocurrency. It still has its drawbacks. For one, it is volatile and can experience extreme price swings. This means that the value of cryptocurrency can change significantly from day-to-day, making it more risky than other forms of payment such as cash. But if you know what you are doing and can manage finance smartly, then this should not be a problem.

Is Cryptocurrency for You?

There are many benefits associated with using cryptocurrency for making payments and building credit. But let’s face it: cryptocurrency is volatile and risky. That’s why it’s important to choose the right cryptocurrency. Other factors to consider include the security and speed of each network and the available liquidity.

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What You Need Before You Go On Crypto?

Author: Teemu Viinikka

Category: cryptocurrency, Finance, Finance & Crypto

Posted On: September 4, 2022

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You’ll be hard-pressed to find a more volatile market than cryptocurrency. It’s an incredibly exciting space, but one that can also be incredibly risky. If you don’t take the necessary precautions before diving in, you could end up losing your money. Probably, this is the least thing you want to happen. After all, who wants to lose their hard-earned cash?

Thankfully, there are ways to minimize your risk and increase your chances of success when it comes to investing in cryptocurrency. 

Educate Yourself

Before you make a decision to buy any coins, you’ll want to make sure you’re as informed as possible. If you’re new to cryptocurrency, you’ll want to spend some time learning about the different types of coins and their underlying technology. This will help put you in a better position to make informed decisions about which coins to invest in.

You’ll want to take the time to explore the different types of coins out there and understand what they’re trying to do.

If a token is trying to solve a problem that you’re interested in, it might be worth taking a closer look.

Only Use Money You Can Afford to Lose

As we’ve mentioned before, crypto is incredibly risky. The vast majority of people lose money when they invest in crypto. If you’re going to get involved in crypto, you need to be prepared for the fact that you might lose your money.

It’s important that you only invest money that you can afford to lose. The last thing you want to do is get yourself into debt because of crypto. If you do decide to invest in crypto, it’s important to only use money that you can afford to lose. You don’t want to invest money that is intended for something else.

Make Sure You Have Life Insurance

This may sound morbid, but make sure you have life insurance, especially if you’re in Canada. This is especially important if you have a family that depends on you financially. 

If something were to happen to you, they would receive a substantial amount of money that could help them get through tough times. That’s why it is important to have Life Insurance for Estate Planning in Canada.

It’s possible your crypto investments could make you a millionaire, but they could also completely wipe you out. Make sure you have something to fall back on in case the worst happens.

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The Markets Of Foreign Exchange And Cryptocurrency

Author: Petteri Selin

Category: cryptocurrency

Posted On: December 7, 2020

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On a daily basis, the Foreign Exchange market has a trading volume of 4 to 5 trillion USD making it the biggest as well as the most liquid (how easily assets could be converted to cash) financial market in the globe. But there isn’t any central market for Forex trading, hence each trader should select a broker or brokerage firm on their own.

Choosing The Right Broker

Conveniently, there are numerous brokerage firms and brokers in the market like. The right broker will provide Forex brokers various possibilities, services and opportunities to make your trading activities and experience a great one. To make certain you succeed in the Forex market, it is crucial to work with a competent and experienced broker, however choosing the right one who can match your needs can be tricky. So, to narrow down your search, check out.

The Foreign Exchange Market

The market of Foreign Exchange involves the trade of international currencies issued by governments. It is also available 24 hours, open for 5 days, and comprises of over-the-counter decentralized trading. As mentioned, it is the largest financial market in the globe and composes a multiplicity of financial institutions, businesses, banks as well as retail investors who exchange or trade national currencies in order to do business or as a way to earn profits.

The Foreign Exchange market is known to be relatively volatile and can move quickly, making the marketplace very appealing to traders. This kind of volatility provides the opportunity for traders to make profits. It is frequently derived from the political and economic status of a nation as well as international relationships. Because of this, Forex traders regularly update themselves with news and reports that heavily influence the Forex market.

The Cryptocurrency Market

While the Forex market provides traders with so much opportunities, there is another market that pulls in new kinds of traders – the Cryptocurrency market. The marketplace is relatively new and only deals with cryptocurrencies or digital currencies such as Bitcoin. Similar to the Forex market, it is available 24 hours a day, but is open 7 days a week unlike the Forex market which is only open for 5, and although over-the-counter trading do exist in the crypto market, a great volume of it is routed via exchanges.

The cryptocurrency market is extremely volatile as well as susceptible to manipulation. But, just like the Foreign Exchange market, this volatility is considered to be advantageous to some. Generally, although it is open to scams and industry news, the crypto markets aren’t that much affected by conventional financial markets or global events. Hence, cryptocurrency traders scan headlines less but do focus on charts as well as technical analysis.

Bottom Line

Both Forex and Crypto market have its own sets of benefits. But, regardless of which financial market you decide to enter and engage in, it is vital that you do your in-depth research as well as have the right platform and tools to ensure successful and profitable trades.

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Government Warnings And Restrictions On Cryptocurrency Trade And Investment

Author: Petteri Selin

Category: cryptocurrency, Technology

Posted On: November 2, 2019

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Many crypto traders follow crypto signals as they give ideas or suggestions for trading, the buying and selling of a certain cryptocurrency at a given time and value. These signals typically come with a Take-Profit as well as a protective Stop-Loss to cover you from different angles.

The advent and evolution of cryptocurrency has been thought to be an innovative alternative to the existing financial system.

Even if one of the trademarks of crypto is it being decentralized, effectual regulation makes certain its legitimacy. Moreover, although the blockchain technology is very secure, still people are included in trading, exchanges, as well as international coin offerings.

Regulations build trust and permit individuals to identify genuine and legit ICOs from Ponzi schemes and other frauds and scams. Below are some existing rules and regulations for the market of cryptocurrency across the world:

Warnings from the Government

Majority of regulatory initiatives and efforts begin with government warnings, which are usually released by central banks, concerning the drawbacks of investing or trading cryptocurrency. These warnings are intended to enlighten the public regarding the main differentiations between digital currencies and fiat currencies that are released and assured by the state. The warnings rope in the following:

  1. Volatility of the value of cryptocurrency
  2. Unregulated organizations that facilitate crypto transactions
  3. No available legal recourse for individuals who have invested in crypto and unfortunately lost their money
  4. Cryptocurrencies open opportunities for crooks engaging in activities that are against the law like terrorism and money laundering

Investment and Trading Restrictions

Most nations around the globe still lack regulations and laws purposely intended to govern crypto markets as well as its transactions. Majority of them have merely magnified prevailing laws on money laundering, counterterrorism, as well as other organized criminalities to conceal actors and undertakings that involve digital currencies.

Others on the other hand have moved further and formed laws that deal with crypto trading and investment. Below are a few examples:

  1. All crypto transactions, including the trade and investment of crypto, are forbidden in Algeria, Bolivia, Morocco, Nepal, and Vietnam.
  2. Bahrain and Qatar have outlawed every domestic undertakings involving crypto, however citizens are permitted to engage in such undertakings outside their borders.
  3. China, Bangladesh, Colombia, Lesotho, Iran, Lithuania, as well as Thailand implicitly ban domestic undertakings by stopping any financial institution within their boundaries from facilitating or making possible all forms of transactions involving cryptocurrency.
  4. Australia permits transactions on crypto, however necessitate exchanges to get a market license or a licensed on clearing and settlement facility.

It is then crucial to do your in-depth research to make certain which undertakings you are lawfully allowed to carry out in your jurisdiction. There are available tools that could aid you with your research, and in automating particular activities making trading easier for you as well as boosting your returns.

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Why Companies Are Withdrawing Support From Facebook Libra Project

Author: Petteri Selin

Category: cryptocurrency, Technology

Posted On: October 13, 2019

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Checking out websites like https://coinpunk.com/bitcoin/trading/best-crypto-trading-bots/, trading bots allow crypto holders and investors to continue to trade as well as manage their crypto at any time. Such software were set up for the aim of making trading crypto a lot simpler and less difficult. Knowing that the market of crypto is extremely unstable, these bots carry out the trade making sure it matches the market.

Despite the volatility of cryptocurrency, many still acknowledge its potential. Recently, Facebook publicized its plan to release its new cryptocurrency, Libra. Facebook users will be capable of sending this cryptocurrency from one user to another, and will likewise be capable of utilizing it to purchase goods and services over Facebook as well as through other platforms that support the digital currency.

So as to draw up support on Facebook’s new venture from its initial stages, it has solicited the financial support of over a dozen companies and corporations across the industries of finance, e-commerce, technology as well as and telecommunications.

Libra’s Corporate Supporters

Among the numerous companies who enlisted to invest in Libra of about 10 million US dollars each are credit card titans Mastercard and Visa, and ridesharing giants Uber. The cash raised by these enlisted members will help to finance the Libra’s launch. As per report, Facebook has worked toward raising about 1 billion US dollars to fund the crypto project.

Afraid of the inquiries by regulators not only with their association with Libra but also with their businesses itself, many of these companies who have expressed their support are withdrawing for now. None of them had made detailed commitments to incorporating the new crypto into their products, but have mentioned that they can yet later on get involved. Nonetheless their departure from Facebook’s venture obscures the future of the project leaving Facebook to take in more of the drawbacks.

Paypal, a company for payment service, had been aboard up until it revealed on the 4th of October 2019 it was withdrawing from the project. As per report from the Wall Street Journal, credit card titans Mastercard and Visa are likewise reevaluating their connection with Libra.

What Does This Imply

Libra has seemingly been being developed by Facebook for over a year, and limited information regarding the venture has been made available to the general public. However, one thing is known, Facebook Libra will be attached to a basket of currencies that are government-issued in an attempt to proactively counteract and deal with the extreme volatility of cryptocurrencies.

Libra has a way in on other coin offerings, since Facebook could tap into its massive user base that consists of billions of accounts. But, challenges in regulations in the United States as well as in other corners of the globe continue to be an imperative barrier. Moreover, there is the continuing matter regarding the utilization of crypto for money laundering as well as the funding of organizations related to terrorism.

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Funding Business-Related Needs With Business Loans Collateralized By Cryptocurrency Assets

Author: Petteri Selin

Category: Technology

Posted On: September 3, 2019

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Loans could be very helpful and useful to many, especially when the right form of loan and term taken is tailored to your specific needs. For example, the American Pride Car Accident Loans have aided many individuals needing financial support subsequent a vehicular misfortune by providing car accident loans fitted to their needs.

Many take out loans for business-related purposes, whether it’s kick starting a business, purchasing inventory or equipment, or growing business operations. Whatever the purpose may be, a sizeable amount of money is probably needed. Loans or a certain type of financing is the go-to of many business owners, especially when there’s no or insufficient available money on hand.

Expanding Business With Loans Collateralized By Cryptocurrency 

One of the most traditional options of financing is securing a loan from the bank. Such loans come with particular tax breaks as well as lesser interest rates as contrasted to overdrafts and credit cards. But, one need to conform to a series of requirements to qualify for a loan and the weight of paying off the loan could be burdening.

With the development of fintech, there are now other convenient and cost-effective ways to obtain financing, particularly cryptocurrency holders. Business proprietors who welcome cryptocurrency as a method of payment or have possession of cryptocurrency as an asset or investment have the opportunity to utilize this asset to acquire funding (fiat money) which is directly transferred to their bank accounts. By making the most business loans collateralized by cryptocurrency, business owners could finance their business-related needs without selling their crypto assets.

Finance New Business Services or Products

Adding a new and different service and product is one great way of expanding a business. This opens an opportunity to draw in new patrons as well as provides a motive for current patrons to return. This is an efficient approach to progressively grow revenue. But, it could be costly to institute these new services and products. By making use of digital currency for a loan, business proprietors have the potential to obtain funding sent directly to their current account without selling their crypto.

Expand Outreach Operations and Marketing

One main priority for any rising business is making best use of the quantity of possible new patrons that set eyes their eyes on their brand. This may encompass hiring a new company PR as well as getting your brand endorsed by personalities and social media influencers. But, these promotions could be costly, depending on who you affiliate with. The solution is to be tactical with your financial plan. Financing your expansions on marketing with a loan backed by crypto is an excellent approach to access the worth of your crypto, again without selling them.

Businesses that hold cryptocurrencies are beginning to utilize these assets to obtain funding. By means of leveraging these digital assets, businesses could directly be given funds into their accounts without the need of selling their crypto. This retains their capacity to maximize the potential of the value of crypto investments.

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Applications for Cryptocurrency

Author: Teemu Viinikka

Category: cryptocurrency, Technology

Posted On:

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In layman’s term, cryptocurrency is a form of digital currency. It’s not centralized or in other words, there’s no government or financial authority controlling or regulating its circulation. These coins rely on encrypted codes in verifying transactions. An extremely popular cryptocurrency is Bitcoin. Since the time it becomes mainstream, there are more than 700 kinds of cryptocurrency that’s been introduced.

Uses of Your Crypto

To make use of crypto, you have to buy from online exchange or get your personal tradelines packages link and then, select a digital wallet where you can store your coins. The coins can be used much like paper money. It can be used for transactions like:

  • Paying for services and;
  • Buying goods

Your Path for Getting and Investing in Your First Coin

After getting through the initial steps, your next course of action is deciding what type of crypto to get. As mentioned, there are over 700 kinds of it today and finding what’s right for you will depend on the things you like to do with it. However, let me inform you that newly introduced cryptocurrencies are more volatile and few may accept it as payment for services and goods.

When all is set and done, now’s the time to pick your cryptocurrency exchange. Different exchanges are offering different cryptocurrency, has different fees and varying payment methods. It’s under your discretion what to choose. Your best bet is to do thorough research on your prospective exchange. The only way you can make exchange on your chosen platform is by making a trading account. Much like when creating accounts for other platforms, you have to verify your identity and other info required by the exchange.

Rest assured that you have a valid ID for swift and smooth verification.

Once you’re verified, you should connect your desired payment method. If this is the first time buying crypto, you’ll have to use fiat currency. This is a national currency like Euro or Dollar.

As soon as everything settled, you have to place your very first order for crypto. Most of the time, you will have to specify the currency you like and also, the amount of coins you’d like to buy. You may be given the option of specifying the money you wish to spend. As for the amount of cryptocurrency you acquire for the money you spent, it will largely depend on the cryptocurrency’s value.

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Quick Overview of Cryptocurrency

Author: Gilly Proudfoot

Category: Technology

Posted On: August 29, 2019

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Bitcoin on laptop

What is Cryptocurrency?

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Etymologically, cryptocurrency is composed of two words, namely crypto which refers to cryptography or a coding language in the computer world and currency that refers to the value of a currency. From the definition can be drawn that cryptocurrency is a digital currency mechanism that can be used to transact virtually or via the internet protected by complex computer coding.

So what distinguishes it from currencies that are currently commonly used, such as the Dollars, which has also been widely used for digital transactions? Cryptocurrency is decentralized. What is a decentralized system of transaction? Read further below.

The following explanation of the differences between the two properties in a case study.

Centralized Transaction

The centralized nature is exemplified in the transaction model that has often been used by the community. For example, in this case, the parents who want to send money to their children overseas are exemplified, so what they do is use banking services (ATM, Mobile Banking, or come directly to the relevant bank) and then transfer some money to the child’s account number. The transaction is basically done through a bank intermediary and a trusted service.

So the process is that the money transferred is actually entered into the bank first, then forwarded to the recipient. The process is real-time so the displacement is not felt. However, what is felt is precise because the process is through an intermediary, there are rewards that must be paid, namely in the form of administrative costs, both incurred immediately (if sending to a different bank account) or in administration fees charged every month.

Decentralized Transaction

While the decentralized nature means that no one is an intermediary or special party is the intermediary. Transactions are carried out peer-to-peer from sender to recipient. All transactions are recorded on a computer in the network, worldwide, or called a miner (miners who help secure and record transactions on the network). The miner himself will get a commission with the virtual money used, but not everyone can become a miner because it requires special expertise with complex computational processing to solve the cryptography used. This is one of the reasons why cryptocurrency miners generally use high-specification and special computers.

The nature of decentralization is the DNA of the Blockchain system. Basically Blockchain is a platform that allows cryptocurrency digital currencies to be used for transactions.

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