Tag Archive : Cryptocurrency

/ Cryptocurrency

Crypto and Traditional Finance: Bridging the Gap in a Digital Age

November 19, 2023 | Cryptocurrencies | No Comments

Crypto exchange

The financial landscape is undergoing a transformative shift as traditional institutions navigate the integration of cryptocurrencies into their systems. In this dynamic era, where digital assets are gaining prominence, the synergy between crypto and traditional finance is becoming increasingly apparent with the introduction of crypto trading applications like Ethereum ProAir App.

The Rise of Crypto Trading Applications

One of the driving forces behind the convergence of crypto and traditional finance is the proliferation of crypto trading applications. These user-friendly platforms empower individuals to engage in cryptocurrency trading seamlessly. As traditional financial institutions recognize the growing demand for crypto trading services, they are actively exploring ways to incorporate these applications into their offerings.

Integration Challenges for Traditional Financial Institutions

While the integration of crypto trading applications presents exciting opportunities, traditional financial institutions encounter various challenges in this process:

  • Regulatory Uncertainties: Navigating the complex and evolving regulatory landscape surrounding cryptocurrencies poses a significant hurdle for traditional institutions. The lack of a standardized framework creates ambiguity, requiring institutions to carefully tread the regulatory waters.
  • Security Concerns: The decentralized nature of cryptocurrencies, while offering advantages, also introduces security concerns. Traditional financial institutions must implement robust security measures to protect against potential cyber threats and fraud.
  • Market Volatility: The inherent volatility of the cryptocurrency market is a factor that traditional institutions must contend with. Developing risk management strategies to navigate price fluctuations becomes crucial for maintaining stability.

Potential Benefits for Investors

Amidst the challenges, the integration of cryptocurrencies into traditional finance holds promising benefits for investors:

  • Increased Liquidity: The inclusion of digital assets in traditional financial systems can enhance overall market liquidity, providing investors with more opportunities for buying and selling.
  • Diversification Opportunities: Investors can diversify their portfolios by gaining exposure to the cryptocurrency market, potentially mitigating risks associated with traditional asset classes.
  • Innovative Financial Products: The collaboration between traditional finance and the crypto space opens the door to innovative financial products. From tokenized assets to decentralized finance (DeFi) solutions, investors can explore a spectrum of new opportunities.

Collaborative Efforts and Strategic Partnerships

Recognizing the potential synergies, collaborative efforts and strategic partnerships between traditional financial institutions and crypto platforms are on the rise:

  • Knowledge Exchange: Institutions bring decades of financial expertise, while crypto platforms offer innovative technologies. Collaborations facilitate the exchange of knowledge and resources, fostering a mutually beneficial relationship.
  • Joint Ventures: Joint ventures enable traditional institutions to venture into the crypto space with the support of established players, sharing the risks and rewards of this evolving market.

Regulatory Developments Shaping the Landscape

Regulatory clarity is a linchpin in harmonizing the relationship between crypto and traditional finance:

  • Government Initiatives: Governments worldwide are actively working on regulatory frameworks to address concerns related to consumer protection, money laundering, and overall market stability.
  • Compliance Standards: Establishing clear compliance standards is essential for the sustainable integration of cryptocurrencies into traditional financial systems, providing a foundation for institutional confidence.

The Future Landscape: A Convergence of Worlds

Looking ahead, the future landscape of finance appears to be a convergence of traditional and digital realms:

  • Decentralized Finance (DeFi): The rise of DeFi platforms signifies a paradigm shift, challenging traditional financial intermediaries by offering decentralized alternatives to various financial services.
  • Central Bank Digital Currencies (CBDCs): The development and potential widespread adoption of CBDCs further blur the lines between traditional and digital currencies, reshaping the way central banks approach monetary policy.

READ ALSO: The Golden Connection: How Gold Jewelry Shops Can Enhance Your Financial Portfolio

In conclusion, as traditional financial institutions grapple with challenges and embrace the opportunities presented by cryptocurrencies, the convergence of crypto and traditional finance is inevitable. Through collaborative efforts, regulatory advancements, and strategic partnerships, a new era of financial innovation is unfolding, promising a more inclusive and dynamic financial landscape for investors.

Read More
By Gabriel Haleigh

Top Reasons to Use Crypto in Trading

October 2, 2022 | Cryptocurrencies, Finance | No Comments

Many people shy away from using cryptocurrency in trading due to its volatile nature. On the other hand, it is precisely this volatility that makes it such an effective tool for trading. Anyone who has ever traded knows that timing the market perfectly is extremely difficult.

Even if you have all the information and analysis available, you can’t be sure when the market will peak or trough. There are so many different tools and techniques out there that can aid in your trading strategy – but what about cryptocurrency? Can using crypto really help your trading performance? The answer is yes!

There are numerous advantages that come with using cryptocurrency when trading stocks or other assets. Here are some of the top reasons why you should consider using crypto in your next trade:

It’s Decentralized

One of the most significant benefits of using crypto in trading is that it’s decentralized. This means that it is not controlled by any one authority or entity. You don’t have to rely on the government to maintain or regulate crypto – it exists on a public blockchain that is not controlled by any one individual or party.

This is great news for traders, as it means that no one can stop or manipulate your transactions. This is something that traders have to be aware of when using centralized trading platforms.

Short Selling is Easier with Crypto

Another reason to use crypto in trading is that short selling is easier with crypto. Short selling is a technique that allows traders to profit from a decline in the market. Essentially, you are selling an asset that you don’t own with the intention of buying it back at a lower price later.

When you sell an asset short, you’re borrowing the money from a broker – and then paying them back when the loan is due. If you’re a beginner, checking some important information like the review of blufx instant funding prop firm is one of the right decisions you’ll make in trading.

Liquidity of Crypto can Help You Diversify Your Portfolio

The liquidity of crypto can help you diversify your portfolio by including more volatile assets. Crypto has very high liquidity, meaning that you can easily convert it into fiat currency at any time. This is great for traders because you can use it to diversify your portfolio by adding more volatile assets, such as Bitcoin and Ethereum.

Read More
By Ned Shantel

The Four Reasons Why Crypto Trading is the Best Way to Trade

August 25, 2022 | Cryptocurrencies | No Comments

As an investor, you’ve probably heard of the term “day trading” or “short-term trading” in reference to stocks.

The volatility of the cryptocurrency market makes it ideal for quick trades that involve small amounts of money. If you want to do your friend a favor and buy wholesale cabinets from their business and you also want to resell it, you should use crypto.

Here are four reasons why crypto trading is the best way to trade.

No Fees or Commissions Required

When you trade stocks, you have to pay fees. In many cases, those fees are negotiable, but they will vary depending on the type of brokerage you use to trade. These fees take a bite out of your profits, which is something you want to avoid whenever possible.

Most crypto exchanges don’t charge fees or commissions. They make their money by charging a small fee for the transfer of funds from your bank account into your crypto trading account.

Complete Transparency

Some people hesitate to trade stocks because they don’t trust the companies whose stocks they’re buying. They don’t know if the companies are making truthful claims about their performance or if they are financially stable.

They also don’t know if insiders are making false claims or taking advantage of investors. That’s not an issue with crypto, where every trade is recorded and accessible to the public. You can see exactly where the money came from and where it went.

Low Risk with Fast Recovery

The volatility of the crypto market can work against you. It can also work in your favor. As a crypto trader, you can ride the ups and downs of the market to your advantage. You can make money when crypto prices are rising and cut your losses when they are falling.

When you trade stocks, you are taking a significant risk because you have to purchase the shares at the current price. If the stock price falls, it can take a long time to recover.

No Need to Own Bitcoin to Trade in it

Many people think that in order to trade in Bitcoin, they have to own it first. This is not true. You can trade in any other cryptocurrency even if you don’t own Bitcoin. You can trade in other cryptocurrencies even if you don’t own them.

There are many good reasons to trade crypto today. But like anything in life, it is best that you study first how the system works. This will prevent any unexpected challenges that may change your perception of the market.

Read More
By Ned Shantel

Why You should Use Crypto as Another Way to Pay Businesses?

August 22, 2022 | Cryptocurrencies, Finance | No Comments

In the digital age, new payment methods are constantly being introduced to make transactions easier and more secure for users. Today, there are a number of payment processors similar to that Stripe have made it possible for merchants to take payments from customers anywhere, not just in person.

Maybe you are wondering whether or not you should add cryptocurrency as a form of payment to your business. Here’s why you should add crypto as another way to pay businesses if you are also a company owner or an employee of one.

Why You should Use Crypto to Pay Businesses?

New payment methods are being introduced to make transactions easier and more secure. There are many advantages to using crypto as another way to pay businesses, including lower transaction fees, lower risk of fraud, and the ability to send payments internationally. It is decentralized and transferable between two parties.

This means that if you want to send funds to someone without a bank account, you can send them crypto. It also means that if you want to send money internationally without an intermediary, you can use crypto. You can also send crypto without paying high transaction fees.

How to Use Crypto to Pay for Services?

Cryptocurrencies allow you to pay for services in a fast and secure way. In fact, you can send crypto in just a matter of seconds, whereas it can take days to settle a credit card payment.

Crypto payment apps let you pay for services like online subscriptions, online contractors, and even ICO investments. Cryptocurreny payment apps include Coinbase, Bitpay, and Coinpayments. To pay for services using crypto, you simply need to sign into your crypto wallet app.

Select the service you want to pay for, choose the amount to send, and then click “send.” The funds will be sent instantly and the app will notify you once the payment has been received.

How to Use Crypto to Buy Goods?

Cryptocurrencies can also be used to buy goods, just like cash or a credit card. Using crypto to buy goods is especially easy if you are using a platform like Amazon that accepts crypto. You can also use crypto to buy goods from online retailers.

Simply select “crypto” as another way to pay on the checkout page, select the crypto you want to use, and then confirm the payment. And maybe, if special finance auto leads dealerships use cryptocurrency, you can also use this to pay for it.

Read More
By Ned Shantel

Reasons Why You should Buy Loans with Crypto

July 29, 2022 | Cryptocurrencies, Finance | No Comments

There are a lot of ways to make money as an investor. While stocks, bonds, and real estate are the most common types of investments, alternative assets are gaining more traction. Crypto tokens like Bitcoin and Ethereum aren’t just digital currencies—they’re potential investment opportunities with distinct advantages.

If you’ve read about the benefits of VA loan vs conventional and want to purchase one with crypto, here are some reasons why you should do so.

You can Earn Solid Returns on Your Investment

Every crypto loan has an interest rate associated with it. Crypto lenders will lend you money, and you will pay that loan back plus interest. It’s just like any other loan. The interest rate you’re paid will be determined by the risk associated with the loan.

All of that is determined by factors such as your credit score and financial track record, the amount of money you want to borrow, and the type of loan you want to get.

Crypto Loans are Fully Collateralized

When you invest in a loan, you’re taking a risk. And this is the hard reality. This is how business works.

When you invest in a crypto loan, though, you’re given full collateral. The crypto you put up as collateral ensures that you’ll get your money back if the borrower can’t pay back the loan.

If the borrower doesn’t pay back the loan, the crypto lender will automatically liquidate the collateral that you put up.

Crypto is very Secure

When you buy a loan, you are lending money to another person. What if they get hit by a bus and can’t pay you back? When you invest in a crypto loan, you do not have to worry about this. Crypto is a fully decentralized, fully distributed network.

There is no one central server that can be hacked and shut down. If there is any central server, it will be decentralized as well in order to be more secure so that no one person can shut it down.

You might be able to Benefit from Equity Rollover

When you buy a crypto loan, you’ll usually need to tie up that loan for a certain length of time. For example, you might buy a loan for nine months with a three-month grace period. You’ll pay a certain interest rate on that loan, and you’ll get your money back at the end of the term.

Read More
By Ned Shantel

Suggestions On How To Invest In Bitcoins

April 16, 2021 | Cryptocurrencies, Finance | No Comments

The most recent craze in the financial world is undoubtedly Bitcoin. This virtual currency has been praised by people who believe in the concept. Other critics mainly see Bitcoin as a bubble without any real value. But what are Bitcoins actually? And where can you best invest in Bitcoins?

How can you best invest in Bitcoins?
When you invest or speculate on the price of Bitcoins, you naturally want to achieve the best result. For this, it is important to apply a good strategy. First, it is important to understand that Bitcoin is very news sensitive. Negative news can directly influence the price very negatively and vice versa. When a large party is hacked, the price can immediately collapse. If a bank indicates that it will support cryptocurrencies, this can actually push the price up. If you want to take maximum advantage of investing in Bitcoin such as ‘Yvonne Catterfeld Bitcoin’, it is, therefore, wise to take these movements as much as possible. Be sure to go short on Bitcoin when you expect a drop. When things go badly with Bitcoin, it can drop dramatically. Remember that every percent drop can be a percent gain for you the right way! If you want to buy Bitcoin for the long term, it is important to time it well. The Bitcoin price often moves in waves. The hype comes back to life when mostly positive news comes out. The trick is to buy Bitcoins when the price has plummeted. That way you have the most space to make a nice profit! Investing in Bitcoins is only suitable for the investor with nerves of steel. Do not expect the price to just go up. Set realistic goals and make a plan. That way you increase the chance of success!

What exactly are Bitcoins?
Bitcoin was first introduced in 2008 as a form of virtual currency that was issued without the involvement of Central Banks. The financial crises of the past period have led to a sharp decline in confidence in the banking sector. As a result, investing in Bitcoin was seen by many people as an attractive way to generate income without the intervention of traditional banks. Bitcoins can be mined by discovering specific numbers of 64 digits using an algorithm (a Bitcoin number is somewhat similar to a prime number). When someone has discovered a Bitcoin number, it can be traded. If someone is unable to discover a Bitcoin themselves, they now have the option to purchase Bitcoins or parts of Bitcoins that are offered for sale online. Bitcoin has gained a lot of popularity in recent years. People who bought Bitcoins in the early days made huge profits. It is therefore not surprising that many people are still interested in trading Bitcoins.

Risks of investing in Bitcoins
However, there are also risks. Central Banks, including the Nederlandsche Bank, warn against the risks. The Bitcoin exchange rate is very unstable. The volatility can ensure that you achieve a high return. If you’re not careful, the high volatility can also cause you to lose a hefty amount. Another risk of Bitcoins is the fact that the Bitcoin deposit guarantee scheme does not apply. This is because there is no central issuer of Bitcoin that can be held liable. There are also a number of legal questions. The anonymity of Bitcoin makes it interesting to use the currency in malicious transactions and to finance illegal activities. So it is important to be aware of the risks when you are going to invest in Bitcoin. You can lose your entire investment. There is also the risk that you will be robbed when physically buying Bitcoins.

Timing when investing in bitcoins
Timing is very important when you start investing in bitcoins: this is because the price of the cryptocurrency can fluctuate significantly. If you had invested € 100 in bitcoin in 2020, you would have had assets of almost € 500 million by the beginning of 2021! However, if you step in at the top, you can also lose a large part of your investment. People who invested € 100 at the peak of 2017 had only € 34 at the end of 2018. The problem with timing is that this is very difficult: few people manage to predict the market properly. It may therefore be smart to apply dollar-cost averaging. You then periodically buy up bitcoins, so that you buy at both the depths and the highs. Of course, you can adjust the strategy a bit to the situation: when the price has dropped considerably, you can buy extra and when the price has risen sharply you can even sell some bitcoins.

How can you trade bitcoin safely?
You read a lot of negative experiences about bitcoin on the internet. Precisely because bitcoin is so popular, you see that many people are being scammed. In the hope of getting rich, people buy bitcoins or other crypto coins from an unreliable party. Therefore, make sure that you buy the bitcoins from a reliable party such as Bitvavo In addition, avoid scams and do not accept offers that seem too good to be true. There is no unique formula when it comes to bitcoin investments. You can certainly get a high return with bitcoin investments, but there is also the chance that you will lose a large part of your money. Therefore, only invest in crypto coins with money that you can really afford to lose.

Read More
By Gabriel Haleigh

The Blockchain Technology And Cryptocurrency In The Sports Betting Market

November 30, 2020 | Cryptocurrencies | No Comments

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.

Read More
By Vihaan Shane

Retail Brokers And Cryptocurrency Brokers

July 26, 2020 | Cryptocurrencies | No Comments

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.

Read More
By Vihaan Shane

Key Players To Make The Blockchain Technology And Cryptocurrency Mainstream

October 14, 2019 | Cryptocurrencies, Finance | No Comments

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.

 

Read More
By Vihaan Shane

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

October 12, 2019 | Cryptocurrencies, Finance | No Comments

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.

Read More
By Karson Yaara

How Crypto-backed Loans Benefit Borrowers and Lenders

August 25, 2019 | Cryptocurrencies, Finance | No Comments

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:

  1. Compensate for travel expenditures like vacation trips
  2. Purchasing a home or investing in real estate
  3. Financing a business startup or business undertakings and operating costs
  4. Consolidating or settling debts
  5. 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.

  1. 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.
  2. 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.
  3. Crypto holders could use various digital currencies, such as Bitcoin and Litecoin, as collateral.
  4. Crypto assets could be preserved or kept as no requirements are needed to sell them for fiat money.

How Crypto-backed Loans Benefit Lenders?

  1. There is a minimized risk since the total repayment or settlement of the loan as well as the interest is guaranteed and without deferments.
  2. 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.
  3. 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.
  4. Complete legal status is given and the strong setup guarantees security of the funds.
  5. Barriers are not present with regards to the least possible requirements for a lender. Any legally recognized entity or individual could be a lender.

Read More
By Vihaan Shane

Cryptocurrency – A Path Towards Financial Freedom

July 15, 2019 | Finance | No Comments

Why do many buy, sell, or exchange cryptocurrencies like bitcoins? When the bitcoin’s worth touched $20,000 on Dec. 17, 2017, a lot of individuals, even those unfamiliar with bitcoins, started asking the question “when to buy bitcoin” in the hopes of hitting it big.

One does not need to have a degree in accounting or economics to realize that individuals who made investments in bitcoin some years ago are now reaping the fruits of their investments.

Cryptocurrencies or digital currencies were designed and developed to offer individuals financial freedom. Although it may take time, cryptocurrencies, if adopted fully, could altogether eliminate banks or intermediaries. For the time being, digital currencies are being utilized worldwide for numerous purposes, whether utilized as an alternative to weakening fiat currencies, or as a replacement to financial institutions like banks and credit companies, cryptocurrencies are generating a type of financial freedom that, for the longest time, individuals across the globe badly need.

Financial institutions like banks charge fees that are utterly high, dictate which part of the globe where funds can and can’t be transferred or sent, as well as limit the opportunities of consumers to attain financial freedom. Moreover, there are financial institutions that have caused numerous individuals to lose their livelihoods, jobs, and homes.

Achieving Financial Freedom

The outlook of the general public states that during phases of instability, typical systems for banking every so often miss the mark to address the people’s needs. But, during such phase, the framework of blockchain and cryptocurrency could still thrive. Not only could crypto holders rely on their assets for daily transactions or payments, but could as well utilize them to yield more wealth. Here are a few approaches wherein you could attain financial freedom with cryptocurrencies:

Staking

Rather than mining, which could be painstaking, expensive since a particular hardware is required, as well as intermittently rewarding, several cryptocurrencies have taken on the idea of staking for transactions to be verified. As a reward or incentive for the securing of the system, the method permits crypto holders to generate and earn interest on their token. Typically, the method entails locking up in a live wallet a specified quantity of tokens. The more tokens you stake, the greater the incentive or reward.

Purchasing and Holding

Since the release of bitcoin in 2009, the value of numerous cryptocurrencies has quickly escalated. Although the short-term concern remains to be about volatility, the value of digital currencies has increased for the demands of the market to be met, causing cryptocurrencies like bitcoin to have billions in capitalizations in the market. In 2011, bitcoin was exchanging between 1 and 2 US dollars. Currently, its value is on the 10,000 US dollar mark.

For individuals new to cryptocurrnecy, a workable strategy is to have a little amount of these digital currencies as well as holding it for some months. On condition that you have a device to connect and access the internet, you could immediately install, create, and access a wallet.

Day Trading

Digital currencies are traded on exchanges, similar to how those found in worldwide equity markets function. If you are experienced in technical analysis and are positive that your capabilities match the market on cryptocurrencies, this method could be greatly profitable. But, day trading could be a risky venture since every so often some tokens could go through short-term phases of high volatility.

Read More
By Vihaan Shane

How Cryptocurrencies Work : Understanding the Blockchain Technology

June 17, 2019 | Uncategorized | No Comments

Cryptocurrencies as medium of payments, investments or borrowings can only transpire by way of blockchain technology. It is important therefore to have a thorough understanding how one becomes a cryptocurrency owner in order to take part in transactions using digital currency as medium.

First off, bitcoin is only one of numerous cryptocurrencies used to transact business outside of the conventional financial institutions. Digital currencies other than bitcoin are collectively called altcoins, which is short for alternative coins. Some examples of popular altcoins are Litecoins, Ethereum, Ripple, ZCash, and Cardano; there are several more available as an alternative to bitcoin.

Secondly, cryptocurrency transactions require the use of a blockchain platform or application in order to connect to other cryptocurrency users, to third party digital currency brokers, to traders or digital currency-wallet providers.

Thirdly, there are two ways by which an individual can acquire a particular cryptocurrency. One is by buying a preferred type of digital money from a broker or from an e-wallet provider using actual cash. The other method is by earning a unit of cryptocurrency for solving every set of related cryptocurrency transactions recorded in a blockchain open ledger. Solving and linking encryptions used in the blockchain ledger is a method of confirming the validity of a transaction that made use of bitcoin or a type of altcoin as payment or exchange mode.

How Does the Blockchain Technology Record and Validate Bitcoin Transactions?

The reason why this cryptocurrency technology is called a block chain is because several digital currency transactions occurring via a blockchain platform will be linked. The purpose of which is to tell a story of how one bitcoin or altcoin user came to own his or her cryptocurrency, and of how he made use of that particular virtual money.

A block refers to the time-stamped cryptogram code used in recording each related transaction in the blockchain ledger. Every block contains the cryptogram code containing the public key generated by the blockchain platform and the private key supplied by the cryptocurrency sender or payer.

Difference Between a Blockchain Public Key and Private Key

A public key is an encryption that identifies the kind of transaction that the blockchain will record. Let us say BitUser A buys $50 worth of bitcoin from BitTrader B. The public key generated by the blockchain platform will refer to this transaction. In order to complete a block, BitTrader B as sender must provide the private key to validate his authorization for issuing the bitcoin.

A private key therefore validates a cryptocurrency user’s ownership of the digital money being transferred to another. An owner receives a private key every time he receives digital currency as part of a chain of transactions. If the private key is invalid or missing, the transaction will not go through since it remains unconfirmed or unvalidated.

In our example, bitcoin recipient BitUser A received a private key, which serves as his authority to use or transfer the digital money to another recipient. In the same way, the new recipient will also receive a private key that will allow him to transact his own virtual currency deal. Miners will then solve and link all blocks of cryptogram codes connected to the bitcoin purchased by BitUser A. Doing so provides full authentication that all virtual currency used in the series of transactions came from legitimate owners.

Read More
By Karson Yaara

“Be Inspired By Meaningful Experiences…”

Meaningful experiences are valuable, and they come in all shapes and surprises..

𐌢