Here the interview with Michael Saylor, the big advocator for Bitcoin as the only way to save economy and financial wellbeing destroyed by the inflationary policy of printing more and more money.
Here the interview with Michael Saylor, the big advocator for Bitcoin as the only way to save economy and financial wellbeing destroyed by the inflationary policy of printing more and more money.
There is a way to make nice decent profit while holding your crypto that works even in down markets like now. It’s called grid trading. With the help of AI software Bitsgap you can set up up to 20 grid bots to make you anywhere from 5 to 15 or even 20% return each month.
Just to make one thing clear, I am not a trader, neither I like gambling with my hard earned money, and I believe that long term crypto hodling is a great strategy. But when I came across the Bitsgap trading platform and concept of crypto bots and grid trading, I got intrigued. This is not as much of gambling or guessing trying to catch the next Moon-shot Coin, but more like mathematically designed and sophisticated system that takes advantage of constant volatility of crypto assets, usually the more volatile the higher profit.
I would not recommend to put all the money to setup the grid bots, but maybe 25% of crypto investment portfolio is a good safe allocation towards daily passive income. Heck, where else would you get 10% monthly ROI? I save you time to come up with that answer and tell you right away, NOWHERE!
It’s only crypto right now because it’s still very young and new asset and that is why it is so volatile. So now is the best time to take advantage of this volatility in the next coming years.
In the video update example, I am showing the trading pair Dogecoin (DOGE) and Tether (USDT). But there are hundreds of different pairs available for trading.
If you would like to give the Bitsgap software a try, you can sign up for 7 day free trial and start experimenting with grid bots in demo mode with play money that is preloaded in each exchange account that is available.
If you were following the crypto industry news for the last year, or have invested in crypto during the bull run, you probably asked this question more than once in the last couple of months. Well, let me tell you that you are not alone. Thousands of people all around the world are speculating what crypto is safest to buy and what crypto has the highest potential, but also what is the safest place to buy and store the crypto.
I guess the only person who hasn’t been affected by this year’s crypto bear market are those who either weren’t exposed to any so they didn’t buy, or those who got into crypto now or way before and didn’t sell. But if you bought any cryptocurrency except Bitcoin in the last 1 and half years you are most likely questioning the true nature and reality of this fairly new industry. And it’s ok, again, you are not alone.
The ugly reality is that whether you bought any crypto or not, you lost your money, or the value of the money. Because if you just hold the cash under your pillow or in a bank, you have lost the purchasing power by the rapid pace during the 2020 and 2021 pandemic, and continue losing until now as we speak. The hyperinflation created by printing trillions of euros and dollars, or any other FIAT currency creeping on everyone at the hyper-speed. The sad thing is that not many people realize that until it’s too late and they have lost everything.
It’s critical to educate yourself on the topic of finance, especially the unconventional education, the true reality of the finance and monetary policy, and how totally corrupt the financial system is. They won’t teach this in schools because they don’t want you to know so you inevitably lose everything you have, own nothing and be happy.
Sounds familiar? Ok, now lets talk about crypto a slightly bit more positive news and facts.
The latest crypto boom and bust of 2021 taught us that not all cryptos are created equally and not all coins are good investment, especially when we are talking about investing long-term. In fact, actually the vast majority of crypto coins do not fall into that category except one, or maybe a handful few, and there are many good reasons for that.
This year, we learned the painful and expensive lesson with downfall of many crypto companies that ignored the risk of over exposure and became insolvent losing their and customers funds due to bad leadership and risk management, growing fast and falling even faster. Yes, we talk about TerraLabs, Celsius Network, Voyager, and the most painful and recent downfall of the second biggest crypto exchange FTX, just to name a few major companies. This crypto sh*t storm has affected the entire crypto industry and will take some time to recover.
So, what is the safest crypto to buy?
To no surprise it’s the first and the biggest one of all, BITCOIN!
There are many technicalities that distinguish Bitcoin from other cryptos, but the biggest and most important difference is that Bitcoin is the only coin categorized as commodity, and for a simple reason.
There is no Issuer, CEO, or ICO funding, therefore there is nobody who controls that. It has the limited fixed supply that cannot be changed or adjusted, and it’s based on the proof of work (PoW) consensus algorithm that has built in the bitcoin halving that happens every 4 years which makes it also scarce.
These are just a few major reasons why Bitcoin is the No. 1 and only digital asset given to people to achieve true financial freedom long term.
If you would like to learn more on this topic I highly recommend to read books such as Bitcoin Standard: The Decentralized Alternative to Central Banking, Bank to the Future: How to Protect Your Future Before Governments Go Bust by Simon Dixon (check out his YouTube channel with hundreds of videos on Bitcoin and crypto topic), and also listen to interviews with Michael Saylor who explains the best what does Bitcoin mean for humanity and how it’s different from other crypto assets that cannot be the same.
Learn why the Bitcoin is the humanity’s only Hope for true financial freedom, conservation of energy, and fair financial system.
When it comes to crypto investing, BnkToTheFuture is one of the older companies in the field. Founded by Simon Dixon, the man who wrote the first Bitcoin book called Bank to the Future: Protect Your Future Before Governments Go Bust, and presented at the first conference, the company is trying to make investing easier for the everyday person. They have had a lot of trouble following regulations, but they are making a lot of progress. However, there are still some critics who don’t trust them. If you’re considering joining this company, you should keep in mind that it will probably take a while to comply with regulatory requirements.
Celsius Network is, or should I rather says was a company that claims to mine bitcoins and other crypto currency. It has a massive debt, with over $4.7 billion owed to its customers. It has about $167 million in cash on hand, which it says will provide it with ample liquidity for its restructuring. However, as of July 14, the company has only $4.3 billion in assets and $5.5 billion in liabilities.
The company admitted that it did not earn enough revenue to cover payouts to investors, but they inflated the price of the CEL coin. This behavior suggests a high degree of financial mismanagement. Furthermore, the company’s yield to existing investors may have been paid using the assets of new investors. As a result, Celsius Network is now in the process of bankruptcy.
If instructed, Pillay would investigate the Celsius Ponzi scheme, but she would only look at facts that would inform the inquiry and not reach any legal conclusions. This is the second time that Celsius has been accused of being a Ponzi scheme. In July, the CEO of KeyFi, Jason Stone, sued Celsius on charges of manipulating the crypto markets. In addition to these lawsuits, state regulators in Vermont have sought broader powers to investigate the company’s bankruptcy.
This investigation was prompted by numerous complaints from consumers of the Celsius Network. The company also received an investigation by 40 state securities regulators for alleged securities fraud and mismanagement. Despite this, the company has been able to retain the support of the creditors’ committee appointed in its bankruptcy case. The creditors’ committee is already investigating many aspects of the DOJ’s initial request.
Recent court documents from Celsius Network have been made public. They reveal the names and financial dealings of thousands of users. They also reveal wallet IDs and crypto transactions data. However, the information is still inconclusive. Therefore, users are encouraged to reconsider the firm’s privacy policies. The Celsius Network bankruptcy trial news is not encouraging and should be scrutinized closely.
The company’s bankruptcy case is a difficult one for both sides. As a result, a court-appointed examiner will be appointed to determine the company’s financial stability. If the company has not submitted a Chapter 11 reorganization plan, it will be forced to file for bankruptcy. It must also answer a number of legal questions regarding the company’s ownership of crypto and the crypto-currency that is being sold.
The trial highlights the problems that Celsius Network faces in the cryptocurrency world. While it was once a titan of the crypto lending industry, it is now facing bankruptcy and allegations that it is running a Ponzi scheme using the money of its customers to pay off early depositors. This has led to the lawsuit by a former Celsius Network investment manager and many, many, many more.
SALT Lending is an online crypto lending platform that provides small businesses and individuals with personal loans. The company was launched in 2016 and is operated by Salt Blockchain Inc., a for profit entity, Salt Lending LLC. This service is unique because it offers loans without credit checks or collateral. This means that people with bad credit can take advantage of competitive rates. Holders of SALT coin also enjoy forgiving interest rates and fees, as well as flexible credit and LTV ratios. SALT also offers a stabilization feature that protects borrowers from market dips too.
SALT lending company uses decentralized blockchain and smart contracts to enforce the lending and borrowing processes. The company is licensed in nine countries and most states. However, it is not licensed in Europe yet, although it does plan to expand into other countries. The service offers a maximum loan amount of $50,000 with repayment options between three to twelve months. With SALT, you will be able to monitor your loan and deposit transactions using a mobile app. You can even opt for push notifications to stay updated on the status of your loan.
The fees for SALT loans depend on the type of loan, amount, and location of the borrower. You can check these fees using the handy calculator on the website. SALT will be transparent about the fees, and will let you know how much collateral you need. The service will allow you to borrow up to $50,000 if you meet all its requirements.
SALT is a good option for those who want to access a small business loan with low interest rates. The company allows small businesses to apply for loans from $5,000 to $25 million and offers three to twelve monthly payment windows. In addition, SALT provides comprehensive insurance coverage and multi-signature security for user funds. Users can also use different cryptocurrencies as collateral.
SALT has been growing steadily since its launch in December 2017. In the first few months after the company announced its lending platform, its price rose to $17. Users can trade SALT with other users on its website or on exchanges. The native token of SALT is also available to trade. If you have any unused SALT tokens, you can sell them on exchanges.
In addition to its user-friendly website, SALT has a dedicated loan manager who provides support through live chat, email, and phone. The company also offers an extensive FAQ section. Customers can also use a mobile application for tracking loan status, depositing and withdrawing money, and receiving notifications. And SALT also offers an insurance plan that covers their clients against theft and fraud.
Opening an account on SALT is very easy. The process is similar to most other cryptocurrency services: a valid email address, a password, and an invite code.
This is a quick update about the status of the chapter 11 bankruptcy filled by Celsius Network earlier this year in June 2022, and also the plan proposed by the Bitcoin veteran investor Simon Dixon that could possibly fix this mess caused by Celsius CEO Alex Mashinsky and other Celsius executives deceiving public about what Celsius company actually is and what happens with coins and tokens deposited in the app.
In the meantime, Simon Dixon is fighting along with the community of depositors, borrowers, and lenders. With that being said, if you are one of the depositors and want the best case scenario for everyone who is a victim to come forth please join Simon Dixon and others on YouTube and Twitter where Simon discusses and forms the best future plan with others.
Simon Dixon YouTube – https://www.youtube.com/c/SimonDixonBF
Simon Dixon Twitter – https://twitter.com/SimonDixonTwitt
In a recent filing, Celsius Bankruptcy claimed that its customers had “loaned” money to the company, not “deposited” it. This means that customers who had borrowed money from Celsius must be listed as creditors in the bankruptcy case. This is a critical point because Celsius has been using the word “deposit” in its marketing campaigns. Simon Dixon, however, disagreed with this characterization. In the filing, Celsius listed over a hundred thousand creditors with Simon Dixon being the 21st largest depositors of crypto in the app.
Celsius’s bankruptcy filing also includes extensive information on its executives. The documents show that its ex-CEO, Alex Mashinsky, cashed out $10 million of crypto-assets before the filing began. In addition to this, the bankruptcy documents reveal that Mashinsky quit the company in September. While this news may be good news for the company’s creditors, it will not ease their pain. This is why the US trustee of the case, William Harrington, objected to Celsius’ redaction motion, saying that the bankruptcy case requires disclosure of all relevant information.
Celsius filed for Chapter 11 bankruptcy protection 89 days after introducing the custodial wallet. This means that any funds that were transferred 90 days before the filing date might be subject to clawback under U.S. law. Although there was no ruling on this issue at this hearing, the various parties were able to provide their feedback during the three-hour hearing. However, it remains unclear whether Celsius will be able to get its money back. If the court grants Celsius’s motion to withdraw the funds, the assets will be returned to the custodial account holders.
After the company filed for bankruptcy, a creditors committee called UCC was formed. The group is made up of people who lost money through Celsius, including those who made deposits in the company. The committee aims to help these creditors recover their crypto assets. As of now, the company has more than a hundred thousand creditors, including customers and lending counterparties. FTX’s CEO Sam Bankman-Fried has joined the group as a creditor. Celsius has been one of the biggest players in the crypto lending market, with over $8 billion in loans to its customers and $12 billion in assets under management as of May. It had 1.7 million customers as of June. It also offered interest-bearing accounts, with yields as high as 17 percent.
The case is still in its early stages, and the company will have to file a report within a month. It is expected that the court will order an independent examiner to examine Celsius’s finances. The independent examiner is set to deliver a report on December 10. Celsius also asked the bankruptcy court to approve bidding procedures for its assets, but its motion failed to identify which assets will be sold. Additionally, the company’s motion is vague on whether or not it intends to continue its crypto mining business.
In addition to the DOJ’s request, several other parties have asked for additional oversight measures. Some have called for the appointment of a Chapter 11 trustee and state securities regulators. The DOJ and state securities regulators are also investigating the company, citing potential securities fraud, mismanagement, and market manipulation. Celsius also has the support of a creditors’ committee in the case, which has already begun investigating many aspects of the DOJ’s original request.
Cryptocurrency lending is a new phenomenon that has exploded in popularity over the last few years. It’s a way for people to make money by lending their cryptocurrency out for interest, and it’s gaining momentum as more people realize its benefits.
Cryptocurrency lending involves sharing your cryptocurrency with others so they can use it for whatever purpose they wish. Instead of keeping it yourself, you loan it out to someone else—someone who will pay you interest on the loan.
Cryptocurrency lending works like a peer-to-peer loan, with one key difference: Instead of using dollars or other fiat currencies, you use cryptocurrencies. This means that instead of getting interest payments in your bank account, you get them in bitcoin or ether.
Cryptocurrency lending is a great way to earn some passive income and comes with many benefits.
There are many reasons why cryptocurrency lending is beneficial.
With a cryptocurrency lending platform, you can start funding your loan in just a few minutes—no need to scour the web looking for lenders, no need to fill out endless forms. Instead, you choose the loan amount and duration and then decide on a personal or business loan. The process is simple, so you can start earning interest right away!
Cryptocurrency lending is an emerging niche that offers investors a new way to make money. Instead of investing in stocks, bonds, or other traditional investment vehicles, you can lend money to others who need it for short-term purposes.
When you apply for a loan, you can select whether to accept a long-term or short-term loan. Long-term loans have lower interest rates but higher monthly payments. In comparison, short-term loans have higher interest rates but lower monthly payments.
This gives you the flexibility to ensure you only pay what you can afford so you don’t end up with a mortgage payment that’s too high for your budget.
When you go to a bank, they will typically charge you a high-interest rate because they understand that most people don’t have the money to pay them back immediately. They also know that if you can’t pay them back, they’ll take your house or car away from you to get their money back.
With cryptocurrency lending, however, you don’t have to worry about this type of thing happening because cryptocurrencies are all digital currencies—they aren’t physical objects like houses or cars!
And because there’s no physical property involved (unlike banks), lenders don’t need collateral to lend money out. So if someone defaults on their loan—which happens sometimes—the lender doesn’t lose anything but the principal amount of their loaned funds.
There’s no need for credit checking in cryptocurrency lending because they are running on decentralized network protocol. This means they’re not controlled by any single person or group, which means anyone can participate in the transaction.
In traditional lending, you would have to check your credit score to know if you could get a loan or not. You would also have to pay fees for that service, which adds up if you’re applying for many loans or if your credit score is low enough that you can’t get approved for any loans.
But with cryptocurrency lending, there’s no need for this checking because it’s based on your reputation as a borrower rather than on your credit score.
Lending money is a big deal. It’s not just about the amount you’re taking on but also where the currency of that loan comes from.
If you have a choice in currency, it means that your lender will let you borrow in any of the currencies they support—and that can make a huge difference when it comes time to pay back your loan.
If you choose to pay in USD, for example, then you’ll only have to convert your crypto into USD if you want to cash out. This can be a huge benefit if you’re looking for somewhere to hold onto your crypto until its value increases again.
But suppose you choose to pay in ETH, BTC, or any other cryptocurrency. In that case, you don’t need to worry about converting it back at all—you can use it as payment for whatever service or good you were buying with your loaned money!
In conclusion, cryptocurrency lending is a great way to make money in the cryptocurrency market. It’s easy to start and can give you a chance to diversify your portfolio or even use it as an investment vehicle.
The technology behind cryptocurrency lending has come a long way and will only improve. Cryptocurrency lending is one of those rare cases where the technology is so innovative that it’s changing the world around us—and that can be exciting! Visit our blog today if you’re interested in learning more about cryptocurrency trading, investing, or lending, or what is the future move of the bitcoin and other crypto in order to stay safe in this risky volatile but profitable market.
Want to learn more about making money with crypto, also read about The Plan by Dan Hollings.
The arrest warrants against Do Kwon and his associates have been issued by the South Korean government. These warrants are valid for a year, and they have been issued by the 2nd Division of Financial Investigation. Prosecutors are working with Interpol to try to find Kwon and his associates.
Kwon and his colleagues are accused of violating the rules of the capital market. He was barred from leaving the country in June and July, and he was questioned by prosecutors at local cryptocurrency exchanges. He denied that the UST stablecoin he helped create was a scam, but critics say the project was rotten from the inside.
The arrest warrant is valid for one year, but it is still possible for Korean prosecutors to search for Kwon even if he lives in another country. The South Korean government has asked Interpol to help them search for him, and the fugitive will be arrested if they find him.
Terraform Labs founder Do Kwon has been arrested on suspicion of violating the Capital Markets Act. In addition to Do Kwon, two other employees of Terraform Labs were also arrested. The arrest warrant was first reported by Chosun Ilbo, a South Korean newspaper.
Alex Mashinsky is an American-Israeli entrepreneur and business executive. He was the founder of Celsius Network, which was a cryptocurrency lending platform. However, on July 13, 2022, the company filed for bankruptcy. It is unclear whether Mashinsky will make another attempt at cryptocurrencies. In the meantime, he is an inspiration to many aspiring entrepreneurs.
In the past, Mashinsky has been lauded for his success in the cryptocurrency market. He even defended the company on Reddit, saying that it was safer than banks. The company has since suffered massive losses. It faces a $1.2 billion hole in its balance sheet. Hundreds of small-time investors have written letters to the bankruptcy judge.
A bankruptcy filing in June led to a suspension of all withdrawals while Celsius’s board members worked to create a viable restructuring plan for its creditors. A special committee was formed, including Alan Carr and David Barse. The new board will be tasked with putting the company back on track.
Celsius’s bankruptcy filing prompted the company to hire Chris Ferraro as interim CEO and chief restructuring officer. He was previously the company’s chief financial officer. He spent almost two decades at JPMorgan Chase.
Celsius Network’s CEO Alex Mashinsky resigned on Monday, September 27th, 2022. The news has caused a significant downturn in the native token CEL, which fell nearly 10% in the last hour. The company’s stock price is trading at $1.38, down 10% from its high of $1.68 an hour earlier.
The former Celsius CEO has been a prominent pitchman for high-yield investments. However, his decision to step down comes amid a restructuring process. As a result, the crypto lender has appointed former CFO Chris Ferraro as interim CEO and chief restructuring officer. Celsius’s creditor committee believes Ferraro can effectively oversee the company’s affairs and assets, and looks forward to further dialogue with him.
The resignation letter, which was submitted to the Celsius Network Board of Directors on Monday, was accompanied by an oblique challenge to find a withdrawal denial from Mashinsky. In the end, the CEO decided to step down in order to avoid further commotion. The news that Mashinsky is no longer employed with the company has led to a flurry of speculation about his future.
The Celsius Network is a crypto lending platform that offers interest on deposits made with cryptocurrencies. The network claims to be one of the most innovative players in this niche, but its interest rates have been cut frequently, and the company is not yet available to U.S. citizens. Furthermore, it is not transparent about how it generates its yield, making the deposit risk higher. This is why many cryptocurrency investors are skeptical about this site. Ultimately, the truth about Celsius is more concerning.
In the last five sessions, Celsius Holdings has plunged 15%, a massive drop that coincided with the crypto meltdown. This news sent ripples through the market, and many crypto enthusiasts have abandoned cryptocurrencies as a store of value. Despite this negative press, this may be the perfect time to buy Celsius Holdings stock. Short interest in the stock is high, but speculators are likely to cover their positions when the facts become clear.
The stock price fell sharply after the Fed meeting on May 17th. The funds rate was increased by 75 basis points, which led to the worst week for stocks in 2020. Celsius Network stock dropped 11% in a single day, and it continued to drop 15% over a five-day period. The company has since rebounded, with a 2.6 percent gain in the past day. It is now trading at $1.03, just below the previous day’s closing price.
Despite the recent news about the company, sales growth is unabated. Its sales growth is over 200% year over year. Even though it is likely to slow down in the next few years, Celsius’s exponential growth continues to remain impressive. It is already in over 140,000 locations in the US, with growth in physical location placement accelerating by 53% per year. That’s a huge number, and we’ll be looking at it again in a year or two.
Despite the recent market volatility, Mashinsky hopefully isn’t giving up on his cryptocurrency and the original plan, after we haven’t heard any update from him for quite a while now. So, what’s the verdict? It’s a very interesting question. As we’ll see, Mashinsky isn’t alone in his sabotage, and it’s not market conditions and short sellers who are to blame for the crash either, but rather poor leadership and underestimation of the current crypto market. Overall, Machinsky was the huge believer of bitcoin, and just about over a half year ago his predicted bitcoin price to be at 150,000 by April, and instead cold bear market came and bitcoin is trading at around 20,000 for a while now, so this miscalculation alone could have been also a cause of the current situation and possible liquidation of the entire company.
In June, the Celsius Network suspended withdrawals and account transfers. The shutdown is thought to have triggered cryptocurrency price slumps. It’s also important to remember that a cryptocurrency lender like Celsius is not FDIC-insured, which means that it is not protected in the event of bank failure. In other words, it is impossible to be sure of the company’s future. If the cryptocurrency markets continue to drop, Celsius Network may have to follow suit.
If you are wondering what the heck happened to Celsius Bankruptcy on the 18th of July, keep reading. We have compiled the most important details below for you to make an educated decision about your future with the company. In the end, it may not matter which venue you choose as long as your investment goals are clear. Here are some things you need to know about this financial institution’s bankruptcy.
The bankruptcy filing by Celsius does not mean the end of the world for crypto investors. The cryptocurrency lending company will continue to operate as much as possible, and will have enough cash on hand to cover its expenses during the bankruptcy process. Customers can withdraw their money, but they will be unable to deposit funds until after the bankruptcy is complete. Customers who have invested in Celsius should contact the court case information line for details. If you are one of the millions of people affected by the Celsius Bankruptcy, there is still time to make a choice.
It is estimated that more than 500,000 Celsius customers have funds in their account. The company has a large list of unsecured creditors, including a digital marketing and trading firm based in the Cayman Islands. The total value of these unsecured creditors is $12.7 million. Celsius did not reply to requests for comment. There are several possible outcomes, but for now, this bankruptcy filing is expected to be the final word.
The bankruptcy of Celsius may also lead to a more uniform standard of digital assets. The bankruptcy may lead to greater clarity on commingled accounts and who gets what. Additionally, it will lead to a uniform approach to disclosures and advertising in crypto businesses. With this in mind, this case could prove to be important for the future of the industry. It will help to clarify a lot of questions that arise from the bankruptcy process.
If the case goes through, the cryptocurrency assets Celsius owns will be considered as part of the estate. The cryptocurrency assets were acquired through the EARN program, which is now a part of the bankruptcy estate. According to its website, Celsius has about 1.7 million registered users and 300,000 active accounts. In July, the company had $14.5 billion in cryptocurrency assets under management. As of the hearing, around $180 million of those assets are in its custody accounts. The judge’s ruling will determine what happens to them.
This is the latest high-profile crypto bankruptcy. The company had borrowed money from a private lender between 2019 and 2021. It put up collateral to secure the loan. The lender owes Celsius $439 million, of which $361 million is in cash and the rest is in bitcoin. If the cryptocurrency market had not tanked, Celsius had hoped to become a success in the near future. But it appears that the company has been unable to meet the expectations of investors and its customers.
PART 2 of a series of compiled MONTAGE CLIPS where Celsius Network users was misrepresented. 🚨👇
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— cryptohunter0x (@cryptohunter0x) July 22, 2022
The development team of the Cardano Network and its native ADA coin has announced that they will be delaying the Vasil Hard Fork upgrade for another week in order to work out some bugs. This is a common occurrence during the development process of a new crypto currency, and it is understandable that the developers are extra cautious about the quality of their product and the security of its users. But the wait won’t be long. Here’s why.
According to IOHK (Input Output Hong Kong), the development team is generally satisfied with the quality of the new node release. There are few critical issues in the code, and the team is working on fixing these issues. Moreover, the development team has made available a dedicated developer testnet to enable ecosystem partners to fine-tune their processes before the release. It’s expected that the development team will meet on Friday to discuss how to proceed with the Vasil upgrade and whether there are any further changes needed.
The new version of the Cardano blockchain network is dubbed the “Vasil” hard fork, named after mathematician Vasil Dabov. Its main objective is to improve scaling by introducing block diffusion and pipelining, two critical factors for the development of a cryptocurrency. It falls into the “Basho” era” of Cardano’s development, whereas the current version of the network is still in the “Sato” phase.
The team behind the Cardano blockchain is working on the Vasil hard fork, promising improved scalability and speed. The developers tweeted that all was well ahead of the June 29 hard fork. On Wednesday, the cryptocurrency closed at $0.60 and continued its upward trend, touching its 50-day moving average line. Analysts expect further increases as the Cardano Vasil upgrade approaches. You can read the full press release on the official website of Input Output Hong Kong.
The new version of the Cardano network is expected to increase the speed of the main chain by up to 20 percent. Diffuse pipelining will increase the size of blocks and improve the efficiency of block propagation. The new version of the protocol will also implement Cardano Improvement Proposals and CIP-31, introduce a new reference input, and reorganize datums. The script size will also be reduced.
The hard fork will occur on June 29. Cardano Foundation has chosen to do extra examinations after the Terra-LUNA collision. The Cardano testnet will be forked four weeks after the hard fork. During this period, Cardano will focus on assimilation, and it’s expected to finish in late July. In the meantime, Cardano tokens are up 5.6% in the last 24 hours.
In this article, we look at five predictions for Crypto in the second half of 2022. Arcane Research made dozens of predictions, and Insider chose the top five. This prediction also points to the potential for meme coins to fade into obscurity. The future of the crypto world is in good hands, so we recommend checking out the predictions. During the dark days of 2017-2018, we saw bitcoin jump up over 50%. Once the dust has settled, however, we’ll see the same pattern with ether.
In 2021, mainstream adoption of cryptocurrency skyrocketed. And we can expect this to continue in 2022. In 2022, we’ll see central banks provide more regulatory certainty for the digital asset. We may also see the introduction of Bitcoin ATMs. And layer 2 chains and protocols might become major components of the crypto ecosystem. More projects may offer a universal infrastructure for blockchain interoperability. Moreover, more blockchain ATMs could become prevalent.
In addition, regulatory bodies will become more involved in the digital asset market. This will increase consumer awareness and shield consumers from risks. For instance, the UAE’s Online Security Law, article 48, warns that people who sell cryptocurrency without official authorization could face prison sentences. Fines of five to thirteen thousand dollars are also possible. Regulators will become more visible in 2023 and beyond. Despite the rising interest in crypto, the regulatory landscape remains uneven across countries at the moment.
This could lead to new initiatives, including investments in crypto-based payment innovators. There will also be increased collaboration between crypto companies and traditional financial institutions. For example, CBDC could see increased adoption of RippleNet’s XRP coin On-Demand Liquidity in the region. Furthermore, trade flow and treasury management could be two key use cases for crypto in the next year or so. So, keep an eye on this trend. It’s sure to change the way we do business.
The quality of each coin’s value depends on your investment goals. Some people are more predictive and create price biases, while others are more reactive, following the money flow. Whichever way you approach crypto investment, you’ll need to choose the right strategy. A proactive strategy will yield the best results, while a reactive strategy will lead you to make decisions based on the latest market news. The future of crypto is bright! It’s time to start investing in cryptocurrency. You’ll be glad you did.
In the coming years, cryptocurrencies are expected to rise over 400 percent. But it’s important to remember that investing in a cryptocurrency requires a private key. This means you can’t get a refund if something goes wrong online. In order to take advantage of this, learn about the market and choose a stable cryptocurrency to invest in. When a market reaches its maximum potential, it will become more popular than traditional banks, which will benefit everyone else.
A growing understanding of blockchain technology will help crypto networks succeed. And the development of blockchain-based gaming will take gaming to the next level. The next step for gaming is GameFi, which aims to combine decentralized finance and blockchain technology. These new games will draw more traditional gamers to crypto assets, and will also help drive further adoption of the digital asset. In 2022, we’ll see many new blockchain games, and they’ll help drive this trend.
Learn how to get rich with Bitcoin and cryptocurrencies even if you know nothing about technology.