Neo Guide

There is no doubt that fintechs in Australia have now established solid reputations for providing consumers, hassle-free and easy to access financing products. When compared to traditional lenders, there are stark differences between the two, particularly in conducting and carrying out key lending processes and activities.

First off, traditional lenders like banks, make the onboarding process tedious and time-consuming, while the opposite is true with fintechs. Primarily because fintechs leverage advanced technologies, including the use of online and mobile platforms.

Examples of Key Differences between Traditional and Fintech Lenders

Below are two examples of how such differences have given fintech lenders an edge over traditional lender:

Document/Data Collection and Loan Documentation

Applying for a loan or financing facility with traditional lenders entail visits to the brick-and-mortar office of a lending company — to manually fill up a loan application and to submit as well as sign the required documents. After which, traditional lenders will assign their in-house credit investigator to background check and verify the validity of information contained in the documents submitted by the loan applicant.

The entire process is not only time consuming, but also creates additional costs that loan applicants have to pay for as processing fees. At which point, the loan applicant will have shelled out a substantial amount of money just to have his or her application processed. Processing fees are paid even if there is still uncertainty if the traditional lender will approve or disapprove the loan application,

This is one aspect that fintech lenders have disrupted in traditional lending methods. Through the use of technological innovations, fintech lenders have enabled loan applicants to apply and submit documents at any given time and from any location by simply scanning and sending the scanned copies as attachment to emails. Validation of the information contained therein are carried out digitally and swiftly, to which the processing fees collected are minimal.

Moreover, fintech lending technologies allow approved borrowers to affix digital signatures on loan contracts and other related documents.

Credit Analysis and Underwriting

Traditional lenders are highly dependent on the analytical skills, capability and efficiency of Credit Analysts in determining the potential success of loans. Since the process of analyzing is done manually, it usually takes a credit analyst about 4 to 6 weeks to complete an analysis, before the Credit Manager can perform the underwriting process. This denotes an additional period before a loan applicant receives notice of approval or disapproval.

In contrast, lending companies that harness state of the art technologies use underwriting algorithms in analyzing the digitally collected information of loan applicants. The artificial intelligence (AI) of their analytics engine is self-learning, as it develops certain rules for discerning data available in government records, tax returns, credit history, location of applicant’s residence, number of household members and such other information used for generating a score that a Credit Manager uses as basis for decision making.

Awesome even, is that such processes can be completed in a matter of 24 hours at the most. That being the case, consumers and retailers do not lose time waiting for a fintech’s decision to approve or disapprove a financed purchase transaction.

Just some words of caution though, as the success of fintechs in Australia has also spawned the emergence of unscrupulous individuals who present themselves as tech-savvy lenders. Moreover, do not be too eager to close Australian car loans with car dealerships that are quick to close financing deals — especially if they are not holders of Australian Credit Licenses.

Be in the know that some unlicensed dealerships maintain sales-driven collaborations with traditional lenders. As such a financing transaction is actually between the traditional lender and the consumer, which gives the former the right to repossess the vehicle in the event the consumer fails to make a specific number of monthly payments.

Why Canadians Are Having A Hard Time Saving Money

The huge bulk (85 percent) of Canadians agree that they “have to save money, but almost two-thirds (64 percent) aren’t making savings a priority,” uncovers a fresh CIBC (CM:TSX) (CM:NYSE) survey. And, while many admit they might get by with much less, several do, and several state “extra cash” is for “fun or pleasure.”

The Vast Majority of Canadians understand they want to conserve more, however, almost two-thirds are not making savings a priority: CIBC Poll (CNW Group/CIBC).

“With consumer spending nevertheless strong and fueled with a very long length of record low rates of interest, the analysis proves that very few Canadians are making savings a priority, and that’s about because we venture into the holiday spending season,” states David Nicholson, Vice-President, Imperial Service, CIBC. “That can be the time of year when a lot of people make space in our budget spending on presents, Black Friday and Cyber Monday earnings, and holiday celebrations, but do not think twice about just how small we have saved till sorrow walks in with our New Year’s resolutions.”

“People think that it’s too difficult to spare, but the simple reality is that we have simply become rusty at conserving. It is about changing your mindset, also getting into the habit of saving frequently,” states Mr. Nicholson. “The challenging part is working out self-control along with your spending so you can boost the amount that you save over time.”

No longer explanations

The vast majority of Canadians (82 percent) acknowledge they could invest, or get with, less every month — generally $360 less before setting the pinch.

Further, nearly two-thirds (62 percent) get “extra cash” annually — approximately $2,300 generally as far as $13,100 in the shape of cash gifts, employer incentives, and tax prices. However less than half (44 percent) will conserve the excess money, and just two in five say that the “extra cash is to get pleasure.”

ALSO READ: Digital Currencies Will Change The Financial Landscape

One of those who get additional cash, some by earning money online in Quebec (or argent en ligne quebec in French), during the entire year, many (66 percent) utilize it to purchase themselves presents, pay regular costs, or even to chip away at debt. Just two in five (41 percent) will place those additional funds aside for a crisis, or to increase retirement savings.

With interest rates expected to edge and individuals living longer in retirement, Canadians have to perform more than just spend less, states Mr. Nicholsonsaid

“The true issue is, how do you afford to save money? Each day that you delay starting a savings program, the more difficult and more costly it has to satisfy your own goals later in life,” he states. “The sooner you begin a savings strategy the earlier your money could be put to work for you.”

‘Give to’ yourself

The survey findings reveal that easy saving customs operate with over half (55 percent) of Canadians agreeing they would be more inclined to save in case a set amount went off their cover and into dedicated savings accounts.

“Educating yourself first is a simple and effective savings plan,” states Mr. Nicholson. “For many people, it is really simpler, to begin with, a savings target, place an automatic savings program to fulfill that aim, then, only spend what is left-handed.”

“Using a budget and budget helps decide the ideal savings level based on all your short- and – long-term targets and yearly cash flow. By preparing the withdrawal on money back, we eliminate the urge to spend those bucks, instead of attempting to conquer it,” he adds.

Earning cash to a Tax-Free Savings Account (TFSA) will provide an additional boost to your own savings because the investment or interest income that is earned will probably soon be tax-free, helping your money grow quicker. Cash at a TFSA may likewise be removed without penalty and employed for several short- or – long-term savings targets, for example, to purchase a vehicle, renovate your house, have a holiday, tap it to get a crisis, or store it for retirement.

“Before you become prepared for the very first major shopping weekend of this season, consider twice and place yourself on the peak of the gift-giving listing,” states Mr. Nicholson. “We automate our invoice payments, why don’t you automate our economies? It will be able to let you get through the approaching season, and receive your savings on course.”

5 hacks for fail-proof economies

Get to a savings mindset
Establish a target
Decide just how much you can reduce
Ensure it is automatic and regular
Maintain credit and spending in assessing

A Quick Look at the Evolution of Cryptocurrency Mining Hardware

Many in the cryptocurrency industry believe that if not for the creative minds of computer engineers, growth in crypto mining would not have been attained. Originally, bitcoins could be mined using personal computers and laptops. Today, the most efficient bitcoin mining hardware that has stood the test of time is the ASIC bitcoin mining machine.

As the number of bitcoin users grew so did the difficulty of mining for bitcoin as a viable means of acquiring the asset. Yet observers in cryptomining like Associate Professor Rakesh Kumar of the Electrical and Computer Engineering Department of University of Illinois, had previously remarked that the rising dollar value of bitcoin was the strong motivating factor behind the evolution of mining hardware over the past years.

According to a recent CNBC news article, a $100 bitcoin investment purchased and held since 2009 are now assets worth several millions. Last Thursday, BTC hit another record-breaking price of $48,000, which means a 2009 $100 worth of BTC is now roughly worth $4,800,000. As the turns of events have it, bitcoin has become mainstream in the commodity trading business due to the widespread and substantial participation of traditional Wall Street investors.

Stages of Innovations in the Development of Bitcoin Mining Machines

Several years ago, innovators discovered that the specialized electronic circuit graphics processing unit (GPU) originally designed for gaming applications, demonstrated that when reprogrammed, can perform a range of computational tasks for bitcoin mining purposes.

Although the use of GPU increased efficiency sixfold, compared to using ordinary computers, hardware engineers still looked for solutions to improve cost-effectiveness in bitcoin mining.

In 2011, an integrated circuit called a field-programmable gate array (FPGA) became the next best solution to achieve higher hash rates at low cost. Still, FPGA has to be configured by a computer hardware designer, before it can transform a computer into a highly efficient mining machine; at twice the ability of the highest grade GPU to perform mathematical calculations.

However, configurations must be made on both software and hardware level, which made building a mining machine quite labor-intensive before it can run the code better and more efficiently than a GPU.

In 2013, Chinese company known as Canaan Creative came out with a pre-designed application-specific integrated circuit (ASIC), which quickly overshadowed the cost efficiency gains of the GPUs and FPGA-built machines. It became the much awaited turning point in the history of bitcoin mining as the innovation led to the production of ASIC computer hardware specifically dedicated and optimized to perform calculations.

Other manufacturers like MicroBT and Bitmain later developed improved versions of ASIC chips combined with highly advanced hardware that can cost-effectively calculate a 100-billion times faster than the average CPU used back in 2009.

Debt Collection – Avoiding Delinquent Debts In The Future

Recovering debts or unpaid invoices is vital to any business or company as this plays a crucial part in your cashflow. Whether you own the business, are the manager of accounts receivables, or simply the one in charge of retrieving the unpaid invoices of the business, the task of following-up on these aging debts is never easy, fun or a favorite job to do. This is probably why some businesses delay this task which causes poor cash flow as well as an unhealthy business outcome. While some businesses don’t see this as a priority, following up and collecting delinquent debts should be one of your top priorities if you want your business to remain afloat.

Carrying Out Debt Collection

Debt collection isn’t easy which is why you need to have effective and efficient collection strategies and practices as well as maximize the know-hows of your collection team. However, if you don’t have a collection team or have insufficient internal resources to carry out the task, it would be better to hire the service of a professional debt collection agency, such as https://www.frontline-collections.com/, to assist you in this endeavor.

By hiring the expertise of a third-party debt collection company to collect these debts, it would be possible for you to pay more attention to more significant things and be able to effectually run the daily operations of your business. If you need the expertise of a debt collection agent, do check out https://www.frontline-collections.com/.

What You Can Do To Prevent Late Payments

While hiring an expert is one good option to recover aging unpaid debts, there are things that you can do in order for late payments to not happen in the future as well as minimize issues on collection. Here are some:

Make Certain Your Collection Policy Is In Black And White

A lot of times, when specific instructions and guidelines are given verbally, it usually enters one ear and then goes out the other. Not everyone, can remember every single detail of our daily discussions and conversations. Ensure that your collection policy is clearly written down for your customer’s or client’s reference. It should also include the terms of payment of invoices and bills as well as other client documents. This way, in the event you don’t receive payment on the agreed date, you can send a collection notice. It is also important that you save copies of these collection letters or notices for record.

Clearly Communicate to your Customers Your Payment Policy

Ensure that you have an established collection strategy and communicate it to your customers so that they are aware of payment expectations. This will be much easier for your customers or clients to pay you. Ensure that your customers understand clearly the policy and payment process before agreeing to your T&S.

Timing Is Important

In terms of getting paid for the services or goods that you have provided; it is important that you don’t put off contacting your clients or customers when the payments begin to slow down. Immediately after you are able to make a sale, give your customer an invoice. If the invoice has passed its due date, rebill your customer right away. Periodically, send invoice reminders to your customers with all the necessary the information they need to pay.

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Gold IRA And Cryptocurrency IRA For Your Retirement Plan

Your Individual Retirement Account (IRA) is an imperative aspect to your entire retirement plan. One of the key advantages of making use of an IRA is having complete control over it. You also have the freedom to select which financial firm to work with as well as investments. However, with this additional control, extra legwork is also needed in your part in order to set up your account according to your specifications.

The Best Gold IRA

The best gold IRA is one option. But if you would want to hold tangible gold in your IRA, this can’t be regular account as it needs to be separated. Also called precious metal IRA, a Gold IRA functions similarly to a regular IRA wherein it has comparable contribution limits as well as rules on distribution. But, rather than holding paper-based assets such as bonds and stocks, Gold IRA is reserved and allocated for holding real tangible bullion such as gold bars, gold coins as well as other accepted precious metals like silver, palladium, and platinum. Below are three pros of Gold IRAs:

TAX BENEFITS. Just like a standard IRA, Gold IRA has some unique tax treatment. One is that contributions to a conventional IRA are tax-deductible, and approved withdrawals are tax-free from Roth accounts.
GREATER CONTROL. With Gold IRA, it is constantly self-directed, meaning you can manage your holdings directly as well as make every decision in your investment.
LONG-TERM HOLDING. Because IRA is more of a buy-and-hold kind of investment that is long-term, Gold is very much fitting to an IRA wherein you don’t touch your assets until you retire.

Cryptocurrency In IRA

Another option for an IRA is cryptocurrency. The advantages of making an investment on an IRA that is self-directed will differ from one investor to another and will depend on what the investor regards as essential and important. Again, like Gold IRA, Cryptocurrency in IRA has its benefits. Below are some:

POSSIBLE TAX BENEFITS. Provided that you keep or hold your cryptocurrencies in a Digital IRA, whatever growth that your account achieves will entirely be tax-free. Your earnings may be subjected to tax when you make a distribution.
POTENTIAL LONG-TERM GROWTH. With the continuous adoption of cryptocurrencies in various industries and private enterprise, it is predicted that the value of digital currencies such as Bitcoin may reach up to 100,000 USD in a decade.
DECENTRALIZE STRUCTURE. The decentralized structure of cryptocurrencies makes them impervious to institutions that are centralized. This means that values of cryptocurrencies aren’t influenced by central banks and governments.
SECURITY. Cryptocurrency transactions are intermediated as well as verified via p2p protocol of their network of Blockchain which makes them remarkably secure and swift. Furthermore, these digital currencies are kept privately in software wallets that are heavily encrypted.

How Finding A Lawsuit Loan Company Can Save You Money

The litigation loan sector is growing quickly. Lawsuit loan firms (also referred to as litigation financing companies) offer a means to allow you to have the money upfront.

This way you may continue to pursue your situation prior to a settlement or award would be created without worrying about missing important invoices and obligations.

If you are in the middle of personal injury litigation, by way of instance, it can be quite tricky to think of the money to cover your health bills, routine bills, and living expenses — particularly in the event that you’ve had to miss hundreds of hours of work.

Nevertheless, this developing sector is not yet controlled as with other consumer financial products, which makes plaintiffs particularly vulnerable to large prices in addition to more expensive, protracted litigation.

Knowing the sheep from the wolves could be very difficult. So here are 7 quality of great lawsuit loan firms so can make your decision properly.

Works nicely with you and your lawyer

A respectable litigation loan company will reach out to you and work closely with your lawyer. In the event, the business and attorney construct a working connection, that will permit you to concentrate on regaining without needing to manage every small detail of your situation.

In the event, the creditor pushes you to sign a contract immediately, be skeptical.

Simple to reach and incredibly receptive

You are coping with sufficient — the harms, the litigation, the invoices — the final thing you want is to play telephone tag or not have the ability to make it through to your lawsuit loan firm.

You ought to have the ability to generate a quick call, speak with a real individual, and receive your queries or issues dealt with immediately. Should you need to leave a message, then you ought to expect a return phone that same moment.

ALSO READ: Cryptocurrency Backed Loans – What are they?

Clear loan provisions

Ensure that to read all the loan conditions carefully prior to coming to an arrangement. Some litigation loan businesses attempt to slide additional fees to the bargain, and since they are specialists, these charges can be simple to overlook.

A pro guideline to follow:

When the wording is protracted and hard to comprehend, you should walk off. The expressions and fee arrangement ought to be easy, clean, and specific.

Low rates of interest and modest without additional interest

Do not be swindled from your whole settlement only for needing some excess cash as you await your litigation to become solved. In the event the loan organization is attempting to bill you 30-40% interest, then find a different one.

Another factor to look out for is if the creditor compounds the interest, if so, just how frequently. Compounding interest fairly simply suggests that you are paying interest to your interest, which means that you can quickly assemble a massive mountain of interest that is hard to repay or frees up a vast majority of your payoff.

The very ideal alternative is to locate a lawsuit loan company that protects easy interest rather, but these could be few and far between. This is essential to fully grasp to what degree your litigation loan will charge.

Zero program charges

Some litigation loan businesses charge you to look at your situation to find out whether you meet the requirements. You should not need to pay a charge for it, so be certain they aren’t charging before you are even their official client.

Risk-free

A great lawsuit loan company will not ask that you repay any money should you lose your situation. This is known as “no recourse financing.”

Another significant thing to describe the provider is whether it is possible that you wind up owing the creditor over your compensation or award sum could be worth. There ought to be a limit, but a few litigation loan businesses don’t incorporate one in their own arrangement, so make sure you ask before you sign anything.

Open to all queries

Last, if anything’s unclear, a great lawsuit loan firm should welcome inquiries. Their main job is to aid you. If they are not eager to do so, or should they appear reluctant to reply to your queries or concerns, then they likely are not the perfect companion for you.

The very last thing that you would like to do is register up an arrangement with a lawsuit loan company that simply wishes to benefit from your position and steal your cash.

The Blockchain Technology And Cryptocurrency In The Sports Betting Market

Engaging in football betting with bandar bola is one of the most widespread gambling activities that many football (soccer) fans enjoy as it makes it more interesting and adds thrill to the already exhilarating sport. Moreover, with bandar bola, you can be sure that you are in a safe sports betting environment as it is a trusted and licensed soccer betting site in the Asian market.

The industry of gambling, which includes online sports betting and online casino, carry on to evolve to ensure individuals have an excellent gambling experience. As it is a billion-dollar industry, a lot of people are roped into various gambling markets to have a piece of the potentially lucrative betting action. However, as large sums of money are involved, operators need to look for ways and measures to make the environment safe not only for their players but also for them as well.

The Blockchain Technology And Cryptocurrency

People, for centuries, have been wagering on outcomes, and this ever-popular section of gambling is an inherent component of our culture. As most sports depend on competition, individuals feel that betting on their much-loved players, team or competitors is a good idea. With the sports industry experiencing global development, the gambling feature of it undergoes growth and development as well.

Just like other industries, the online gambling industry has now incorporated the use of the blockchain technology and cryptocurrencies due to their great security levels as well as ease of use. As online bookies keep on progressing, it is certain that cryptocurrency will significantly influence the future of the sports betting markets and industry.

Sports Betting With Cryptocurrencies

Cryptocurrencies or digital money have entered and become part of the many aspects of the lives of people. The possibility and potential of money that is decentralized is remarkable, and its use may direct towards numerous advancements in payment methods. And as mentioned, even the gambling industry, sports betting most especially, understand the possibilities that cryptocurrency and the blockchain offer, which is why it is now possible to engage in sports betting using various cryptocurrencies.

Many operators and bettors know the time it takes to process payments using legal tender, and it is somewhat long. This is one of the major reasons blockchain and cryptocurrency are used. Because of them being decentralized, digital currencies are way more fitting to be an option for payment compared to the usual payment methods using fiats. Depositing and withdrawing cryptocurrencies are much shorter and quicker, making them an asset that is really favorable and promising among many gamblers. However, when engaging in sports betting with cryptocurrencies, do note that legal regulations for both sports betting and the use of cryptocurrencies vary across the globe. Regardless, it doesn’t remove that fact that cryptocurrencies are safe and secure, which makes them suitable for sports betting.

Wealthy HNW People Creating a Buzz for Showing Interests in Cryptocurrencies

There is an increasing number of wealthy people specifically coming the High Net Worth (HNW) sector who’ve been showing greater interest in cryptocurrency. This came as a revelation of the study conducted by the deVere Group, an independent financial advisory organization who conducted a similar survey last year.

What is noteworthy is that this year’s deVere survey shows that about 73% of their respondents expressed interest in buying their own digital assets before reaching 2022; indicating a huge increase when compared to last year’s findings of only 68% who showed inclinations toward investing in cryptocurrencies.

According to the study, it is apparent that many now perceive the potential of digital currencies as the likely money of the future,. Not a few professied interests simply because they do not want to stay behind in the past.

About the deVere Group’s Cryptocurrency Survey

The deVere Group made a timely release of its latest study, as the report came out on the same day when Bitcoin’s total market cap recorded a peak of $336 billion, while bitcoin price rallied to reach over $18,000, almost duplicating the $19,763 record-high milestone achieved in December 2017.

This year’s study involved a survey of more than 700 High Net Worth individuals or HNWs coming from various regions such as Asia, Africa, UK, US, Latin America, Australia, and the Middle East. While the term Net Worth in accounting denotes the value of assets after all liabilities and capitalization have been deducted from assets, the term High Net Worth individuals in the financial markets, refer to those whose uncommitted assets amount to at least US$5 million.

The deVere Group found that almost 75% of the millionaires who responded to their survey are either owners of crypto assets or are of the mindset to invest in cryptocurrencies before the year 2022.is over.

The Increasing Interest in Crypto Assets Among High Net Worth People of Wall Street

The CEO of the deVere Group, Nigel Green remarked that it does not come as a surprise that crypto assets, particularly bitcoin, is attracting numerous rich investors; showing interests on how digital currencies work. After all, Bitcoin is constantly performing well with its year-to-date showing of 125% growth.

Among the rich HNW investors who participated in the survey, not o few are connected with the largest Wall Street Banks,. Several of whom are now trying the cryptocurrency services being offered by PayPal, which mainly offers buying, selling and holding of digital currencies and not as a form of online payment. .

Unlike before when those in Wall Street were at first skeptical of Bitcoin, many are now beginning to accept the concept of digital currencies. Even Jamie Dimon,, the CEO and Chairman of JPMorgan Chase who once said Bitcoin is some sort of a fraud is giving a different opinion. In a latest New York Times interview, Mr. Dimon proclaimed that he is now open to the concept of crypto assets but believes the blockchain technologies supporting cryptocurrencies should be properly backed and regulated.

HNW billionaire Ray Dalio, who is a hedge fund manager still expressed reservations toward cryptocurrencies specifically for Bitcoin. Nonetheless, Mr. Dalio has now expressed willingness to learn about cryptocurrencies and be corrected in his views about Bitcoin. In his tweets, he also mentioned that he still cannot envision big institutional investors, central banks, and multinational companies using digital currencies.

Benefits and Drawbacks of Using Bitcoins for Online Casino Gambling

The use of cryptocurrencies is now supported in many countries that even online casinos are accepting bitcoins as deposit, and in funding customer payouts. While the main advantage of using bitcoins for online gambling activities is keeping one’s anonymity intact, there are also potential drawbacks.

After all, the value of cryptocurrencies tend to fluctuate, because their values depend on the supply and demand attributable to a digital currency.

Bitcoin casinos accepting the digital coins as deposit will only assign a specific amount of casino credit for a player to use. Presumably, the value of the credit is based on the current US$ exchange value of the cryptocurrency at the time of the deposit.

The question that one would ask, is at what US$ value will an online casino convert a customer’s amassed winnings in his account? The likely answer to that is by the same U.S. dollar value that was used in determining the equivalent credit that a player received when he made the deposit.

While there is a possibility that there will be a difference between the USD value of bitcoin at the time of deposit and time of payout, bitcoins as far as online casino transactions are concerned, will have the same effect as having bought and sold bitcoins at the same rate on different dates. That way, an online casino player will refrain from hoarding his winnings and wait until the bitcoin price value goes up.

In the same way, when a payout is requested, a bitcoin casino is obliged to pay a customer at the agreed bitcoin exchange rate, regardless of any increase or decrease in the price of bitcoins at the time of the payout request.

However, it would be wise for a player to carefully review the terms and conditions of the bitcoin casino before deciding to become a member.

Are there Online Bitcoin Casinos Operating in Asian Countries?

If there is any region where the use of bitcoins for gambling is practical, it would be in Southeast Asia. While trusted online gambling operators in countries like Brunei, Indonesia, Malaysia, Singapore and Thailand use Virtual Private Network (VPN) in order to keep gambling transactions private and undetected, some are also accepting bitcoins as additional protective shield. One Asia facing bitcoin gambling site that we know of is 918kiss Bitcoin Casino.

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Even in Asian countries, a traditional online casino deposit and payment system still transacts either by way of bank accounts or e-wallets. The drawback however is that in the event that an online casino customer hits a huge jackpot, the bank involved in the payout will have to report the transaction, in compliance with the international Anti Money Laundering Act (AMLA).

As opposed to the use of bitcoins as a medium for deposit and payouts, blockchain transactions remain confidential and anonymous. Banks and other payment processors on the other hand, are required to report details of large financial transactions to the proper government authorities; including the name of the account holder and the nature of the financial transaction.

Cryptocurrency: things to consider when looking to buy bitcoin cash

With any investment in cryptocurrencies or any financial investment, it is important to consider security. This is particularly essential to brokers around the globe.

Choose your preferred payment method carefully

First of all, choosing a suitable payment method is of course particularly important. Different payment methods will be available in different places around the world, which means that you should definitely consider the speed and cost of each payment system available.

Will you have to set up your own wallet?

It is also very important to consider whether you need to set up your own wallet before buying bitcoin cash. Bitcoin cash customers need a wallet to adequately secure their money. There are wallet systems that are integrated into exchanges, but they are very prone to theft.

Comparison of costs

Fees and costs are of course always important, which is why this is an important decision criterion. It should be noted that using a cryptocurrency as a form of payment and transfer is much more reasonably priced compared to traditional methods. Costs and fees linked with bitcoin cash are commonly negligible.

Security and Protection

Security is obviously the absolute key to any cryptocurrency system, and therefore the precautions bitcoin cash has taken are extremely important. It should first be acknowledged that bitcoin cash was introduced because of concerns, both developer and community that the leading cryptocurrency in the market would be difficult to scale in the future. Therefore, the blocks in the bitcoin cash network are eight times larger than those of Bitcoin, which increases the security of bitcoin cash.

Bitcoin cash ownership is defined by bitcoin cash addresses, digital keys, and digital signatures. The keys are stored and created in the wallets of the users which are independent of the bitcoin cash protocol completely.

Every bitcoin cash transaction requires a valid signature in order to be included in the higher-level blockchain, and this can only be generated once the valid digital key is entered. Bitcoin cash aims to deliver on Bitcoin’s original promise as a peer-to-peer electronic currency by guaranteeing that users pay lower costs and fees than bitcoins while getting access to more dependable confirmations and rapid transactions.

Debt Capital to Finance Your Business

For many founders, financing their business is the first major hurdle because they do not have enough equity themselves. But this must not be an obstacle, because the debt often makes the bulk of the financing of a company and therefore represents an important second pillar. This is to fund you to a fixed-term borrow from lenders, such as by

Your house bank
Microfinance institutions
Promotional banks
Online loan exchanges

The borrowed capital must be paid back with interest. It describes the debts of your company that arise from liabilities or provisions. Bringing in outside capital makes sense if the costs arising from the use – such as interest costs – are lower than the expected benefit from your business venture. Hence, the debt should be used to:

the working capital fund
to cover long-term capital investments in combination with equity

Note that lenders require collateral from you in order to be able to extend a loan.

Pros and cons of debt financing

The advantage of debt financing is that, as the founder, you retain control and co-determination rights over your company and thus also the profit. In addition, there is a tax advantage for you in that you can claim the interest payments for tax purposes.

The disadvantage of debt financing is that you can only obtain debt for a certain period of time. You must have paid off the loan after the term has expired. In addition, you are also obliged to meet the agreed interest rates and repayment installments, even if your company should get into financial difficulties. Some people tried their luck in the game of chances sites such as qq online to earn extra money in order to pay off debts.

Debt / Loans

You should use borrowed capital for larger investments in tangible assets, such as the acquisition of fixed assets such as machines, buildings, systems, tools, and other work equipment or the acquisition of patents, licenses, concessions, etc. The borrowed capital is repaid for a fixed term and a defined interest rate. You can obtain outside capital in the following form:

Current account credit
Working capital loan
Investment loan
Microcredit

FB’s Calibra to Offer Payment Processing Services in Lieu of Libra Cryptocurrency

The latest about Facebook’s cryptocurrency project known as Libra, is Calibra’s shift in the development of a conventional payment processing system.

The partnership with the non-profit Libra Association is no longer focused on developing blockchain technology to support FB’s Libra token. It can be recalled that the plan encountered serious opposition from legislators and regulators. During last year’s Congressional hearings, FB officials who were grilled by House Representatives failed to provide credible defense of its ability to protect potential consumers, who will consider using the Libra cryptocurrency.

Can FB’s Calibra Offer the Same Financial Services of WeChat Pay?

The opposition to Facebook’s cryptocurrency project is mostly due to the social media site’s involvement in several scandals affecting the security and privacy of user information. Nonetheless, the FB subsidiary still plans to launch a payment processing system called Facebook Pay.

In doing so, FB will be able to offer FB users the same e-wallet services that leading mobile social-app WeChat provides to its millions of app users. Although it is not yet clear if Calibra will have the same features as WeChat Pay and its QR Code payment protocols.

The Calibra platform’s digital payment system will accept government-backed currencies like the U.S. dollar, U.K pounds, Canadian dollars, Australian dollars and the likes. Eventually, Calibra’s payment systems will include Libra tokens as part of the currency options available to FB users

FB’s payment processing subsidiary is set to launch its platform in October, after Trump’s ban on the China-developed mobile messaging and social app WeChat, takes effect on September 20, 2020.

However, it is still not clear whether U.S. lawmakers and regulators will allow Facebook to operate its Calibra subsidiary as a financial services provider, Zuckerberg’s plans to capture former WeChat app users via a Calibra app, can still face regulatory pressures.

Retail Brokers And Cryptocurrency Brokers

One of the quickest growing brokers online in Europe is Degiro for retail investors. When you check out degiro review, you’d see that they have a transparent pricing structure and is leading in the market in terms of commissions and fees. They are oparting at a global scale and typically provide execution direct to market instead of via a local subsidiary. Moreover, the company also offers markets in bonds, stocks, futures, options, warrants and CFDs.

Degiro has gathered various awards and recognition in different nations. In Netherlands, for instance, they were merited first place in a survey conducted in 2015 as the Financieel Dagblad’s cheapest broker. Also in 2015, they also won the Golden Bull Award wherein Dutch brokers are evaluated in diverse categories, like trading opportunities, terms and conditions, commission fees, as well as investment tools.

Who Are Retail Brokers?

In the realm of investments, a broker is a company or someone who serves as an intermediary, a middleman, between the buyer and the security seller. Usually, brokers are obligated to be registered at the Securities and Exchange Commission (SEC) as well as with an organization that is self-regulatory like the Industry Regulatory Authority. Brokers principally working with institutional investors are called institutional brokers, whereas brokers serving individual investors are referred to as retail brokers.

What Do Retail Brokers do?

Licensed sales agents working for a retail brokerage companies who are certified to sell securities are usually called “registered representatives.” They may be trained to be able to impart investment advices to clients on particular kinds of securities as well as sell securities to make commissions for their company.

Retail brokers, because of regulator restraints, purely act as an intermediary. Hence, they don’t take any position or risks in the financial markets. However, they work at the core of the market and function to be in frequent contact with top players in major financial centers, such as insurance companies, banks, huge private companies and more, which allows to obtain unique, exclusive, and thorough knowledge and awareness of financial markets. Hence, they are able to confirm market liquidity, respond quickly to the needs of their clients with professionalism and confidentiality.

Who are Cryptocurrency Brokers?

With the advent, rise and use of cryptocurrency in various places across the world, people now also invest on it, and there are brokers who deal with these digital currencies. A broker, traditionally, is an individual or a firm that serves as a financial intermediary for people who would want to exchange fiat money for a certain service or product.

Somewhat similar to a traditional broker, a cryptocurrency broker offers financial services online for users or individuals who would like to buy or sell certain cryptocurrencies. It is recommended that people who are new to buying and selling cryptocurrencies or who are new to the cryptocurrency market hire the service of a cryptocurrency broker as they could present you with the most fitting environment to buy or sell the most appropriate cryptocurrency in the market.

Understanding what an Exchange is in Selling Your Bitcoin

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If you need money, you can use långuiden or, if you have spare of Bitcoin, you can opt to cash it out. The thing is, cashing out your Bitcoin or any other cryptocurrency isn’t a straightforward process as when you are trying to buy them. If you are firm with your decision of selling your Bitcoins online, then you may either chose to do direct trading, do a P2P transaction or do it through an exchange. For the purpose of this article, we will be focusing on the latter part.

Is it Good to do Exchange to get Money for Your Bitcoins?

While there are negative connotations among people for exchange, it is actually a one-stop solution with regards to trading Bitcoins. In such case when selling cryptocurrency, exchange acts as the middleperson that’s holding the funds of both the buyer and seller.

For this one, you have to setup an account with your preferred exchange. The majority of leading and trustworthy exchanges are requiring identification as well as a connected bank account. This way, you’ll have the means of withdrawing your funds. Then once done, you simply need to place a “sell offer” which states the currency you want to trade, asking price per unit and also, its amount. The exchange will be completed automatically as soon as someone matched your offer.

Once the funds are successfully credited to your account, the next thing that you have to do is withdraw them to the bank account you linked during the setup process. Sometimes, this may take a lot of time, particularly if the exchange is having some issues with its banks or perhaps, when facing problems with liquidity. In addition to that, there are banks that simply refuse outright in processing the transaction with funds acquired through crypto trading.

How much the Fee for Carrying out an Exchange Transaction?

Additionally, it is important to consider the fee you have to pay to use the exchange’s platform. To give you an example, there are exchange platforms that have a flat fee rate of 50 dollars for every withdrawal through bank transfer. The fees of withdrawal may drastically vary which depends on the exchange.

Lastly, it is necessary to take into account that despite having wallet services, these exchanges are not entirely reliable and secure in storing your funds. Some may be vulnerable to hacks and there have been times to which an exchange shut down and run away with the funds of the users. So you have to be extra careful in choosing the exchange platform.

Singapore Moves Forward w/ Law Legitimizing Cryptocurrency as Payment Mode

The government of Singapore has taken a step forward in recognizing cryptocurrencies as legal tender through the Payment Services Act (PSA).

The Act, which passed parliamentary legislation last January 2020 includes cryptocurrency as among the specific payment services allowed as part of the country’s payment systems; officially categorizing digital coin payments under “digital payment token services.”

https://youtu.be/upYDtsH0JxA

The PSA sets the regulatory guidelines that the Monetary Authority of Singapore will follow in overseeing not only cryptocurrency operations but all other payment services currently being utilized in the country’s payment system.

The list of specified payment services mentioned in the new legislation includes: payment accounts creation, local money transfers, foreign or cross-border money transfers, merchant-purchases payment services, e-money issuances, digital or cryptocurrency payment services and money-changing activities.

MAS Allows 7 Cryptocurrency Firms to Operate Pending License Approval

As a demonstration of the government’s willingness to promote new and innovative payment methods, the Monetary Authority of Singapore gave 7 cryptocurrency operators temporary authority to operate.

https://youtu.be/O0kXPYe1lGw

Within a period of 6 months, Coinbase, Binance, Bitstamp, Luno, Gemini, Wirex and Upbit can offer cryptocurrencies as modes of payment, while pending the MAS’ decisions on whether to approve or reject their respective license application.

Their immediate acceptance as part of Singapore’s payment system was in line with their early compliance in notifying MAS about their cryptocurrency operations in Singapore

SEC and FBI Views on Cryptocurrency Rise Amidst COVID-19

Cryptocurrency Frauds

While the U.S. SEC sees the rise in cryptocurrency a good sign, the FBI sees the increase as a sign of more cryptocurrency frauds taking place.

Only recently, Ms. Hester Peirce, the current commissioner of the U.S. Securities and Exchange Commission (SEC), was pleased to note that many investors are carrying out investment strategies by diversifying portfolios; including investing in cryptocurrency markets.

The SEC Commissioner, who has oft been described as crypto-friendly, said the COVID-19 crisis, albeit disrupting all industries, has underscored the significance of conducting work and business using virtual spaces. That being the case, many have also shown interest in diversifying their investment portfolio by way of the crypto space.

However, the Federal Bureau of Investigation (FBI) is seeing a different side when it comes to increased cryptocurrency demand. The FBI is wary that with the increase in demand for cryptocurrency, there will be a corollary increase in cryptocurrency scams and fraud schemes.

New Modi Operandi Employed by Crypto Scammers

The FBI gives advice about new cryptocurrency fraud schemes by providing details on how scammers and fraudsters carry out their crypto-malfeasances.

One of the most common is by sending out emails containing threats of blackmails. The modus operandi is to demand crypto payment in exchange for a piece of information that could embarrass you, your family or your business. Currently during the COVID-19 health crisis, blackmails come with threats of infecting you and everyone close to you, with COVID-19, regardless of whether the blackmail threat is founded on truth or conjectures. :

Some work-from-home (WFH) employees have been duped into believing that a caller is his or her employer, who is making a request to deposit crypto funds to a nonprofit organization as donation. The request is made on the pretext that the employer does not have cryptocurrency but would like to make a donation to an organization that is accepting only crypto money. The WFH employee will be given assurance that the employer will reimburse him or her as soon as the crypto donation has been confirmed.

Luring customers to buy non-existent treatments or or a piece of equipment that comes with guarantee to protect buyers from coronavirus infection. However, the seller accepts only cryptocurrency payments being a more secure form payment during the COVID-19 pandemic.

These are only some examples of cryptocurrency frauds that have surfaced ever since countries have put citizens under national lockdown due to the COVID-19 pandemic.

Swiss Crypto Exchange Gives Europeans Alternative Access To Gold

The Swiss crypto exchange Smart Valor lists the cryptocurrency PAXG and thus gives investors alternative access to gold.

The global health crisis and shaky financial movements have led people sorting to personal loans for bad credit to meet basic needs. And while global stock markets are still in the corona crisis, crypto companies are preparing to offer investors alternative ways to invest in gold.

PAX Gold – Paxos brings Gold to the Blockchain

One of these projects is the cryptocurrency PAX Gold ( PAXG ) attached to physical gold because from now PAXG can also be traded in the currency pair Swiss Franc (CHF) and British pound (GBP).

The new currency pairs were made available since March 19 after the digital trading platform Smart Valor the cryptocurrency in their quotation has taken.

The New York-based crypto companies Paxos had his tethered to gold cryptocurrency 2019 on the market brought. On Smart Valor, it can be traded in euros (EUR) and US dollars (USD) in addition to CHF and GBP. There are also currency pairs with the market-leading cryptocurrency Bitcoin ( BTC ) and the stable dollar tether ( USDT ) linked to the US dollar.

While Smart Valor speaks of being the first European crypto exchange to list the PAXG, a spokesman for Paxos confirmed to Cointelegraph that this will allow PAX gold to be traded in CHF and GBP for the first time. The cryptocurrency is also the first gold-linked asset on Smart Valor.

According to Paxos, the PAXG is also available on the Kraken, HitBTC, BitThumb and itBit crypto exchanges.

Tokenized gold as a lifeline?

Olga Feldmeier, Managing Director of Smart Valor, says the coronavirus crisis is a driving reason for the listing of PAX Gold. As the American central bank announced on March 15 that it would lower the key interest rate to 0%, savings assets are increasingly at risk of depreciation.

“With the outbreak of Corona, we could find ourselves in a new economic crisis that is taking the extracts from the Great Depression of 1930. In these times, investors need a real alternative to protect their savings. For this reason, we decided to offer tokenized gold on the SMART VALOR trading platform. ” — Olga Feldmeier |Smart Valor

Paxos emphasizes that gold was largely able to maintain its value despite the crisis since the precious metal is a so-called safe haven. The crypto company also indicates that it has approval from the New York financial services regulator.

As Cointelegraph reported, Paxos launched PAX Gold in September 2019 as the “first cryptocurrency that can be exchanged for physical gold”.

Another argument for the PAXG is the fact that the Ethereum-based crypto token is tradable around the clock. Because some big exchanges like the New York Stock Exchange closed its doors due to the corona threat, this led the crypto markets are increasingly popular because they can be reached at any time.

“When the stock exchanges are closed and a financial crisis threatens, the crypto markets suddenly become an unexpected source of liquidity for many. The cryptocurrency and tokenized asset markets are open 24 hours a day, seven days a week, and never take a break, even if all other markets do. ” — Gunnar Jaerv|First Digital Trust,

BTC Analysis – Will Price Stay Above $5000 In The Days To Come

After a very troubling week in all financial markets, bears also seem to have won on the Bitcoin (BTC) market. A sharp drop towards $ 3,800 crashes the price more than 50% in one day. And that movement makes one of the biggest and fastest crashes ever on the Bitcoin price. So before considering other investments in the Stocktrades list of dividend stocks, you may want to look at your investments on Bitcoins first and consider your options.

Strong support levels are easily broken and technical analyzes are therefore more difficult. The worldwide fear of the Coronavirus has a grip on all markets. Time to take a new look at the charts.

BITCOIN WORST CASE & BEST CASE SCENARIOS

Bitcoin analysis: filtering noise

The end of a very restless week is approaching, with the price currently hanging around $ 5,000. Again exactly on strong weekly support, to which we may attach little value.

Where we could normally expect a turnaround, we can now say carefully that it is quite possible that we will continue to go down.

One way to filter out as much noise as possible is to zoom out a lot further than usual. Hence I look at the higher timeframes. In order to get a longer-term picture, than all the noise that is currently seen on lower timeframes. Then it is somewhat possible to make a better analysis.

Bitcoin (BTC) weekly chart

To begin, we look at the weekly chart to see how the price is trying to hold out above the $ 5,000 zone. An important point for the coming days to keep.

Because this has often served as support and resistance in the past. However, the level may be a final straw from the bulls, who anxiously thumbs at good news regarding the Coronavirus and all other markets.

A piece of bullish news can ensure that the support is strong enough and that a reversal will actually take place. Which can last for a short time, but with some new power from bulls can push the course considerably.

A gloomy week ahead despite reversal?

However, it must be taken into account that it will also look gloomy in the coming week. With new drastic measures, which ensure that not only regular markets continue to crash, but Bitcoin will also respond to this. A new test to $ 3,600 is therefore not out of the question.

Support at $ 4,800, $ 4,200 and $ 3,600

On the daily chart of Bitcoin, we see that with a possible further decline, support is still at USD 4800 and USD 4200 before USD 3600 will become a reality.

Although a major flash crash to $ 2500 would not be out of the question. Should the price make the previous movements and again make a crash of 50%.

In a bullish scenario, an ascent to $ 5800 will already be very important and breaking it can give the market some peace of mind again. In addition, rapid recovery can be taken into account.

From the past, we see that solid panic on the market can also recover very quickly and bring prices to old levels within a few days. For now, it is especially very careful and then hope for a piece of good news before trading on your next cryptocurrency.

UK Cryptocurrency Firms Face Tougher Regulations Under the Brexit Regime

After Great Britain’s Brexit, or withdrawal from the European Union, became official last January 31, 2020, the country’s Financial Conduct Authority (FCA) came out with a formal announcement of its sole authority to monitor and regulate cryptocurrency-related activities.

According to the FCA announcement published last January 10, 2020, the focus of supervision will be the UK-registered businesses engaged in cryptocurrency operations and their compliance with Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) regulations and requirements.

Even prior to Brexit, the FCA had issued a warning in July 2019 to UK-based cryptocurrency firms. As a regulatory body, it deems cryptocurrencies as “ill-suited” to offer as investment products to small investors. The FCA believes that cryptocurrencies offered as exchange-traded notes and derivatives, pose a great risk to consumers due to the widespread misinformation about them as a financial product.

The Financial Conduct Authority is the regulator for all financial services companies and financial markets in Great Britain. On the other hand, banks, credit unions, insurers, major investment firms and building societies, are under the regulatory supervision of the Prudential Regulation Authority (PRA), to which the primary goal of regulations is to promote the safety and soundness of those types of firms.

FCA’s List of Requirements for Cryptocurrency Businesses Based in the UK

Along with the announcement of its authority to regulate UK firms engaged in cryptocurrency operations, the FCA also provided a list of requirements with which such businesse must comply.

1. Conduct risk identification and assessment pertaining to AML and CFT

2. Development of policies and controls aimed at eliminating identified risks related to AML and CFT.

3. Apply customer due diligence by identifying and verifying customers by obtaining customer name and photograph based on an official document confirming a person’s identity, date of birth and residential address.

The FCA also stated

“We intend to proactively supervise compliance with the new regulations, and will take quick action when and where firms fall short of desired standards in ways that cause risks to the integrity of the UK market”

China’s Cryptography Law Takes Effect : Introduction of First National Cryptocurrency to Follow

China’s Cryptography Law, which the National People’s Congress legislated and passed sometime in October 2019, took effect last January 01, 2020. The law intends to regulate cryptocurrency encryptions as a way of strengthening the safeguards against the threats posed by cryptocurrency operations to China’s national security.

In fact instead of combatting the blockchain technology system supporting cryptocurrency operations, the China’s State Cryptography Administration (SCA) of the Chinese Communist Party, developed the guidelines on how cryptography should be used by both the private and public sector.

According to reports, it took the SCA five (5) years to develop the initial draft that details the guidelines promulgated as Cryptography Law. Although viewed as a way of fostering the cryptocurrency business in China, it is largely perceived as a precursor to future laws that will govern the use, operation and application of China’s own Central-Bank backed cryptocurrency.

Currently called as the Central Bank Digital Currency or CBDC, its introduction will make China the first country to introduce a national cryptocurrency unit.

Overview of What China’s Cryptography Law Includes

The primary purpose of China’s Cryptography Law is to regulate encryption in its use for cryptocurrency operations that fall in line with the blockchain technology. The Cryptography legislation enumerates and describes three different types of encryption : Core, Common and Commercial encryptions.

Core and Common encryptions pertain to codes used in safeguarding all state secrets, which are further sub-categorized as “Secret,” “Highly Secret” and “Top Secret”. The Cryptography Law requires all agencies of the public sector to use core and common encryption in storing and transmitting state secrets contextual to China’s national security.

Private sector firms on the other hand have to use Commercial codes to protect their proprietary trade secrets.

In imposing the Cryptography Law, the main guiding principle is the protection of China’s national security. Therefore the new law sets forth guidelines on how cryptography should be used to help safeguard national security against cyber security threats on a nationwide scale.

Threats include encryption efforts deemed as causing harm to the Chinese Communist Party and any application that undermines public interest and the country’s national security.
That being stated, China’s Cryptography Law also gives details about punishment on anyone found using codes that threaten the state and its citizens.

Moreover, the law specifically states that companies in the business of providing cryptographic systems to consumers must first undergo examination and and authentication performed by the Chinese state.

China’s Cryptography Law Does not Bar Foreign Participation in China’s Cryptocurrency Industry

Enactment of the Cryptograph Law does not bar foreign users and providers of foreign encryption systems to participate in the country’s cryptocurrency industry.

However, international legal experts are wary of the conditions under which foreigh digital currency will work. The Cryptography Law allows a foreign cryptocurrency entity’s participation provided it merits the approval and certification of the state; albeit without any clear descriptions on how this condition can be met.

The condition also denotes that the Chinese government has the right to examine the underlying source code of any new digital currency technology, as a means of ensuring the protection of national security. It worries lawyers that in vetting a cryptocurrency company toward the issuance of a certification, the Chinese government will have backdoor access to the private and/or foreign entity’s cryptocurrency system.

Trading Crypto: Quick Checklist before You Proceed

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Anyone who’s eager to learn more about crypto should participate in some sort of trading. Every passing month, it is becoming more mainstream and getting the attention of a bigger audience. As a result, there are new players who want to penetrate the market and have a share of the pie. So in an effort o help those who will be entering this market, reading the content of this crypto trading guide would be a huge help.

If there’s something that you have to know with regards to crypto trading, it’s the fact that not because you have MT4 indicators, you will always win in your trades. Things don’t work that way. You need to do your due diligence and practice.

As you read this article, you would be able to learn the integral steps on how you can become the best crypto-trader as you can be.

Trading Fiat to Crypto

You may have spare money that’s lying around and you don’t like it sitting there doing anything. Now, what would you do about it? Portals that are connecting our world’s currency to crypto are referred to as Exchanges. And mind you, there are so many exchanges that you can find these days. The thing is, before deciding to choose one and invest your hard earned money, there are a couple of things that you need to know. Let’s do a quick rundown on the checklist you have to be aware of.

Number 1. Validity

Before you get started to do anything, the very first thing that you have to ensure is that, there’s an available exchange in your area. To give you an example, among the biggest and most notable exchanges today is Coinbase. However, it isn’t available in Indonesia and India. Therefore, before you sign up on this one and create an account, make sure first that it’s available in your country.

Number 2. Reputation

The next thing that you must clarify is the exchange’s reputation. Does the exchange been hacked before, are the traders happy with the provided services or are they more like complaining?

As a matter of fact, checking out sites like Twitter, Quora and Reddit serve to be great source to check this out.

Number 3. Exchange Rates

Here’s something that you need to know about exchanges, each of them has different exchange rates. So it is important that you do your research and preferable, compare and contrast 3 to 5 exchanges as well as their rates.

Should You Jump into Crypto Bandwagon?

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Cryptocurrency is basically a type of digital currency that’s created and managed using sophisticated encryption otherwise known as cryptography. With Bitcoin created in 2009, it made cryptocurrency an immensely popular investment scheme. While Bitcoin has successfully attracted increasing number of followers for the following years, it was few years later before it began capturing mainstream media and tons of investors after peaking at a record high of 266 dollars per Bitcoin in 2013.

During its peak, Bitcoin sports 2 billion dollars market value but, plunged 50 percent short after. This fluctuation in Bitcoinface raise debates for its future and cryptocurrency in general.

Where is Cryptocurrency Headed?

There are economic analysts who are predicting a huge change in cryptocurrency, especially that it’s forthcoming as an institution money. Furthermore, there’s also a chance that crypto will sooner or later surface on Nasdaq, which will boost its credibility as well as its uses as alternative to traditional currencies. Some are predicting that all cryptocurrency needs verified ETF or Exchange Traded Fund.

In essence, ETF makes it simpler for people to make investments in Bitcoin. Still, there needs to be a demand to invest in crypto which some would say not generated automatically with a fund.

Grasping the Concept of Bitcoin

Bitcoin is decentralized. It takes advantage of Peer-to-Peer technology that allows all functions like:

Verification
Issuance and;
Transaction processing

All of which are collectively done by the network. While the decentralization has allowed Bitcoin to be free from government interference or manipulation, the flipside here is, there’s no central authority monitoring that everything will run smoothly.

The process in which Bitcoins are created are done through a process called “mining”. This demands powerful and advanced computers to crunch in numbers and to solve complex algorithms. They are created at 25 Bitcoins every 10 minutes and capped at 21 million, which is a level that’s expected to be achieved in 2140.

Difference between Crypto and Fiat Currencies

Such Bitcoin characteristics made it totally different from fiat currencies and the same reason as well why you should use crypto bot for trading and make money. Well with fiat currencies, these are supported by government and central bank of the nation thus, highly centralized. While banks are regulating currencies issued, there’s no upper limit with the amount of currency issuance.

When compared to Bitcoins, it’s value depends largely on how much the investors are willing to pay for it at a given period of time. This is why there are times wherein cryptocurrency beats fiat currencies in terms of value.

Trump Says Cryptocurrencies Are Not Real Money

Crypto currency, aka cryptocurrency, has become one of the non-cash transactions that is currently developing in the world.

Many transactions, including buying and selling in cyberspace, can use crypto assets, such as Bitcoin. One can even take out loans against their crypto assets. Although this may not work on other transactions such as car accident loans (presettlement funding).

Despite the growing popularity and acceptance of cryptocurrency, there are still quite a lot of countries that are gray about this to the point of banning the use of crypto.

Only One Real Currency?

US President Donald Trump has criticized the circulation of cryptocurrencies. In a series of tweets, Trump said he was not a fan of bitcoin et al. In fact, he called them not money.

“I am not a fan of Bitcoin and other cryptocurrencies, where they are not money, and the value is very volatile because it is based on the intangible,” Trump wrote.

Trump said cryptocurrency assets that are not regulated properly will only produce bad things, such as drug trafficking and other illegal activities. Not only that, but Trump also touched on the new cryptocurrency launched by Facebook, Libra. According to him, Facebook must comply with US banking regulations such as other national or international banks. He said Facebook must have official Charter Bank licensing documents if it issued Libra.

Trump rails against Facebook’s planned cryptocurrency

Chairman of the American central bank, The Fed, Jerome Powell; Minister of Finance, Bruno Le Maire; and Bank of England Governor Mark Carney is a series of officials who do not like the presence of Libra.

“We only have one real currency in the US, and it is stronger than ever, strong and reliable. So far, the currency is the most dominant in the whole world and will remain that way. The currency is the American dollar,” chirped Trump.

There is truth about the fluctuating price of Bitcoin, Trump has a point. If you remember, the price of bitcoin has continued to decline in 2018. At the end of November 2018, the bitcoin exchange rate touched its lowest point at 4,833.09 US dollars. The price of bitcoin went up in 2019. In fact, at the launch of Libra at the end of June, a single bitcoin bit broke through more than 10,000 US dollars.

The Blockchain System In Terms of Reliability

All data is always alive and disseminated to all participants in the blockchain system, thus increasing data reliability because it does not depend on just one provider that requires secondary investment costs such as a DRC (Disaster Recovery Center) system to support operating reliability. If a node belonging to a bank fails, there is nothing to worry about. He will receive the latest data when alive and reunited.

The unit of information received and sent can be considered as a new ‘currency’ whose value is agreed upon by each bank, and this is a new treasury business opportunity for each participating bank and relinquishes bank dependency from one of the most dominant currencies at once able to hedge the original currency used.

The Effect of Cryptocurrency to Affiliate Marketing

Cryptocurrency through the block chain technology was created in 2008 as a transaction book register for the public. However, cryptocurrency or bitcoins were not common terms within the household up till 2017. During that year the fame of bitcoin erupted.

Individuals who are not used to cryptocurrency were immediately engaging themselves to buying and selling of the bitcoin. Starting 2017 until now, bitcoins and cryptocurrencies are heard all over the market place. Thus, crypto and bitcoins are planting a great impact on affiliate marketing.

Defining Cryptocurrency

Cryptocurrency is a currency in digital form that is usually decentralized. Moreover, this is not governed by any units within the national government. This kind of digital currency is created to be more safe compared to cash. The reason for this is because it is very impossible for it to lose.

Also, it is not possible to fake it due to firm encryption, or the method through which it is confirmed via cryptography. And due to the penetration of the digital technology, predictions are at hand that physical coins and paper money will just be a story of the past. That would renounce the industry prepared for the digital figures of currency.

THE BITCOIN

Among all the 1,600 forms of cryptocurrencies available today, bitcoin is the most popular. In the year 2018, bitcoin popularity hit high succeeding the price escalation of above $20,000 per single bitcoin. This value attracts investors, traders, and the public.

The Way Cryptocurrency Is Being Used

By purchasing cryptocurrency, an individual is provided with a digital opener containing the address of the crypto. This can be used to authenticate and acclaim transactions. People who want to buy bitcoin can purchase it and stock it in digital crypto wallets.

Just like with the stock market, cryptocurrency worth rise and fall as people buy it and trade it.

THE TURNING UP CRAZE IN AFFILIATE MARKETING

Many marketers of the digital industry today are seeing cryptocurrency being the point of interest in the field of affiliate marketing programs. One of which is in the aspect of crypto-based affiliate programs. Cryptocurrency is not completely recognized on some online platforms such as Facebook and even Google. That’s the reason why most affiliate marketers are digging their own soil to cultivate this business within the industry.

New platform models related to crypto trading business with the inclusion of affiliate programs are showing out most of the time. One example of the trading platform is the Binance which was launched on the year 2017. Binance also emerge as the largest platform for trading cryptocurrency based on traffic. This platform offers about 20-40% long-term commission on trading fees for every referral of new customers.

There are other famous programs about affiliate marketing and these include the CoinPayments, Coinbase, LedgerWallet, Purse, and Changelly. Moreover, training for this affiliate programs are also available to guide you in making bucks. Training programs like this teaches people about the affiliate industry and this is about Affiliate Institute. On the other hand, crypto-based affiliate marketing investment doesn’t have to be grand.

SEC Dismisses Bitcoin ETF Proposal : Bitcoin Market Not Mature Enough

The U.S. Securities and Exchange Commission (SEC) finally came out with an official decision to dismiss proposals for creating a Bitcoin ETF market. The rejection though does not come as a surprise to Bitcoin ETF proponents, given the complexity of how cryptocurrency exchanges work via the blockchain technology.

According to legal experts, the SEC’s main worries include the bitcoin market’s high level of potential for fraud and manipulation; whilst regarded by U.S. regulators as an investment tool that is yet too small and still immature to support.

Although Bitwise officials contended in its proposal that the need for a Bitcoin ETF arises from their research findings that 95% of crypto currency tradings are not legitimate, this reasoning did not work to support its case.

What Makes a Bitcoin ETF Different from Bitcoin?

Bitcoin may be the largest digital currency in the crypto money market but is still unregulated, despite its popularity as a digital asset that can be exchanged and traded for profit.

If recognized by the SEC as legitimately traded investment tool, the price of Bitcoin ETF will be monitored and tracked. That way, interested bitcoin investors need only to determine the current price and market performance of bitcoins, without having to own and trade bitcoins just to do so.

An SEC approved Bitcoin ETF eliminates the need to be invested in bitcoin, which comes with worries on how to best deal with the complexities of its storage and security features. Bitcoin digital money is unlike the more common types of ETFs, such as shares of stocks and/or commodities bonds, which simply have investors looking closely at a related price when venturing into buying or selling an ETF commodity as an investment asset.

In becoming a Bitcoin ETF, the cryptocurrency becomes a type of marketable security that investors can buy and trade based on current index price and performance. As such, bitcoin companies will be under SEC’s system of surveillance-sharing agreement, to which they will allow tracking and close monitoring of how the bitcoin digital money is moving in terms of buying and selling activities.

The bitcoin though flows in a largely unregulated environment; making the SEC hesitant to allow a Bitcoin ETF participating as a type of publicly traded investment tool.

Key Players To Make The Blockchain Technology And Cryptocurrency Mainstream

Cryptocurrency, Bitcoin in particular, has about 14 million in distribution despite its instability. Because of its volatility, free and paid crypto signals are available in the market for real time trade recommendations and ideas to ensure users and investors do trades that are favorable to them.

Investors who are surmising the future potentials of the blockchain and cryptocurrency have pushed most of the present market cap, and this is probably to continue until a particular measure of stability in value as well as acceptance in the market is realized. Aside from the specified value, those invested in crptocurrency seem to be depending on a distinguished “inherent value” of crypto.

The public ledger of the blockchain technology underlying cryptocurrency has the capacity to disturb an extensive multiplicity of transactions, including the usual systems of payments. These ropes in bonds, stocks, as well as other financial assets wherein records are digitally put in storage and where it presently necessitate a reliable intermediary to verify transactions.

https://youtu.be/Hams8790yqA

Key Market Players to Forward the Evolution of Cryptocurrency

For the cryptocurrency market to attain its subsequent stage in its progression en route for mainstream acceptance as well as steady expansion, key market players have an important role to play.

Consumers and Merchants

Cryptocurrencies offer consumers cheaper as well as quicker peer-to-peer alternatives for payment compared to those offered by the usual financial service providers, not having to supply any personal data. Although cryptos carry on to get some approval as an option for payment, volatility of price as well as the speculative investments urge consumers to not make use of crypto to buy products and services but to trade it instead.

Tech Developers

Numerous brilliant tech developers have dedicated their efforts to mining cryptocurrency, whereas others have concentrated on activities that are more entrepreneurial in nature like creating wallet services, exchanges, as well as alternative digital currencies. For the crypto market to get acceptance from the mainstream, consumers and businesses will have to see crypto as a solution that’s user-friendly as compared to the usual transactions. Moreover, the industry must develop teachnologies and protocos for cybersecurity.

Investors

Generally, investors seem to be certain of the opportunities linked with crypto as well as cryptography. The underlying technology’s “inherent value” provides investors with a reliable reason to be hopeful about it.

Regulators

The governments’ attitudes are erratic in terms of the classification, management as well as the legality of crypto. Furthermore, regulations in various regions are evolving at dissimilar paces.

Financial Institutions

For a long time, financial institutions like banks have linked individuals with money to those who require it. However, this intermediary status has been weakened, and disintermediation in the sector of banking has quickly evolved. The outcome is the emergence of Internet banking and the increased utilization of alternative methods of payments by consumers.

Should UK Seniors Consider Equity Release Mortgage and Cryptocurrency Investment as a Means of Increasing Retirement Funds?

Many of the UK’s elderly population are looking for ways to beef up their retirement fund while still able. The most common financial tool they have resorted to is the equity release mortgage. It is a type of loan available to older adults who are at least 55 years old or older, which allows them to take out a loan using their real property as collateral.

Overview of an Equity Release Mortgage

A loan under an equity release arrangement offers older adults the chance to borrow money that does not have to be paid off periodically and immediately. Settlement of the debt will take place at a future time; either when the senior borrower passes away or has reached a point of needing long term care in a nursing home.

The equity release scheme operates on the principle that real property appreciates in value. Therefore, the proceeds of a future sale based on the appreciated value, will more than cover the total amount due on the outstanding loan including all interests compounded through the years. The only drawback is that the lump sum payment will greatly reduce the potential value of the senior borrower’s legacy for his or her heirs.

Nonetheless, equity release mortgages in the UK are backed with a No-Negative Equity Guarantee. This feature ensures that in case the total debt exceeds the proceeds from the sale of the property, the agreement does not include a transfer of debt to the borrower’s heirs. Once the property has been sold to satisfy the borrower’s equity mortgage debt, the loan will be deemed as fully paid.

Still, to avoid equity release deals that impose unreasonable demands and conditions, it would be best for seniors to enter into this kind of agreement with the help of a professional financial adviser. The first step to take when considering to borrow money under this scheme, is to determine how much can be availed — by using an equity release calculator uk lenders use in calculating how much they can offer.

Is it Wise for Seniors to Invest in Cryptocurrency?

Often times, scrupulous individuals consider senior citizens as easy pray for their scams or illegal activities. Knowing that most retirees have some money stashed away for their golden years, scammers or swindlers often target easy-to-convince seniors.

Although cryptocurrency is receiving much attention as a lucrative form of investment, this is one type of money-making tool that retirees should not at all consider. First and foremost is the fact that the UK government is not supportive of the blockchain technology. The lack of regulatory oversight, makes the platform highly susceptible to manipulations, cyber attacks, and illegal operations.

Last year, major banks in the UK have been weeding out deposit accounts that seemingly engage in cryptocurrency trading. Banks are wary that the frequency and the amounts involved in the exchange could be indicative of money laundering activities. As a result, the crackdown on bank deposits used by cryptocurrency dealers and miners for their exchanges, involved freezing of the accounts. This was regardless of the depositors’ clean and long-standing records with the bank, and their reputation as law abiding UK subjects.

That being the case, it would be best for senior citizens not to be entangled in such transactions, lest they find their retirement money frozen for an indefinite period of time.

Investing Doesn’t Have To Be Grand

They say taking the leap on things that scare you the most is usually the best thing to do. Being outside our comfort zone is said to bring so many opportunities on things you did not even know is inclined to you or is specifically designed for you and your standing in life. One of the many things that people worry about is investing in things; whether they are scared of it going downhill or not being the right investment for them later on. Surely a lot of people may encourage or discourage you on right things to choose but it is always going for the things you have taken time in learning and things that you know is good for you.

Two Things To Encourage You in Investing Now

One of the many reasons why people stop midway in going for the investment they have in mind is that they are told that their budget is not enough and is never enough. And yes, that is true your finances will never be considered enough in the market but, it will always work out. Starting with little money can now be a thing considering the many ways that technology has improved the industry even FORA Financial offers bad credit business loans, that can make your little capital into something big later on.

The other reason why people start thinking that their finances are too little for investments is that most are caught up in the idea that the only chance of actual investment is putting your money in stocks. The truth out here is that stocks are just one of the many ways and things you can invest to. Taking time to research on different types of early investments will do you a lot of good, especially in knowing that a house is a much better investment especially in your early years.

How Crypto-backed Loans Benefit Borrowers and Lenders

More and more individuals are taking out consumer loans as they could be very helpful and useful, especially now that there are more lending companies and options which are alternatives to traditional loans taken from banks. For example, the American Pride Legal Funding provides automobile accident settlement loans which could be issued quickly after approval. Such loans make it easier for individuals to settle any unforeseen expenditures.

Most consumer loans are secured, which means that a collateral is needed to acquire a loan. Collaterals depend on the type and amount of loan you are getting. With the increase and progress of online lending as well as technology itself, cryptocurrency could now be used as collateral to obtain a loan.

Known as crypto-backed loans, these loans are secured or insured by crypto or digital currency assets, meaning fiat money are lent or loaned in exchange for cryptocurrency such as Bitcoin, Ether, or Litecoin as security or guarantee for payment. Many crypto holders take put crypto-back loans since the loan process is uncomplicated and the fiat money is directly transmitted into the bank account or digital wallets of the borrower.

Crypto holders may find crypto-backed loans to be a very cost-effective means for managing the digital currency as necessitating access to the fiat money (typically US dollars). So how can crypto-backed loans be used? Here are some:

Compensate for travel expenditures like vacation trips
Purchasing a home or investing in real estate
Financing a business startup or business undertakings and operating costs
Consolidating or settling debts
For other personal purchases or products and services

How Crypto-backed Loans Benefit Borrowers?

Lenders don’t usually do credit history checks as well ask for evidence of payment capability. This could be regarded as a major likelihood of credit risk.

Loans could be easily and directly transferred to your bank account or digital wallet and could be withdrawn via any bank card ore bank transfer.
Lenders of crypto-backed loans could offer a borrower a lending term and condition that is flexible which could be made better for both the borrower and the lender.
Crypto holders could use various digital currencies, such as Bitcoin and Litecoin, as collateral.
Crypto assets could be preserved or kept as no requirements are needed to sell them for fiat money.

How Crypto-backed Loans Benefit Lenders?

There is a minimized risk since the total repayment or settlement of the loan as well as the interest is guaranteed and without deferments.
The system or method is fundamentally automated; moreover the exchange directly transpires in the bank account thus making it simpler to keep an eye on and track fund usage.
The range is stretched to audience of borrowers across the globe causing decentralized peer-to-peer crypto lending to be perimeter agnostic, hence loans could be extended in whichever currency that is available.
Complete legal status is given and the strong setup guarantees security of the funds.
Barriers are not present with regards to the least possible requirements for a lender. Any legally recognized entity or individual could be a lender.

Plus Token Scammers Still in Control of Huge Sum of Stolen Cryptocurrency