If you’re wondering how to profit from the crypto market in June 2022, you’ve come to the right place. In this article, we’ll discuss how to invest in crypto currencies during this challenging year. Despite the negative sentiment of the market, there are plenty of good reasons to buy at this time. In addition to strong fundamentals, cryptocurrencies are often volatile and unregulated investment products. The beginning of the summer month June looks to be difficult for any crypto, but that doesn’t mean that you shouldn’t buy.
There have been several reasons to buy cryptocurrencies in June 2022, but the most important one is to look for long-term growth potential. As we’ve previously discussed, cryptocurrency markets are highly volatile, and the start of the month has brought with it a number of reasons to buy cryptocurrencies. Rising interest rates have led to increased volatility. Inflation in the US is at a forty-year high, while inflation in Australia is 5.1%. Moreover, the Luna / TerraUSD ecosystem collapse has hampered the market’s growth. These factors, as well as the lack of a clear future, have made it extremely volatile.
Meanwhile, the crypto market is still in its early days. Many businesses have begun introducing new products, including cryptocurrency wallets. In fact, fashion brand Fendi has launched a crypto wallet in partnership with Ledger. Twitter has also introduced an NFT profile picture. However, many experts question whether or not the crypto market is sustainable in the long-term. The pushback of the public against cryptocurrencies is largely due to the fear of the unknown and the upcoming regulatory measures.
The latest upgrade to the Ethereum blockchain is around the corner, and its strongest rival Cardano promises to make the network scalable and offer new user-friendly programming languages to more developers. The Cardano blockchain is already highly prized as a low-cost, energy-efficient blockchain platform. As an alternative to traditional financial institutions, the currency can be used for various applications, from ticketing systems to environmental projects. Another potential use for cryptocurrency is in the field of crypto assets.
The bear market in crypto may be a short-term opportunity for investors. However, it all depends on how investors choose to invest in crypto. Growth shares like Bitcoin are also subject to short-term pain, but they’re backed by the long-term potential of crypto. Even if a cryptocurrency is hit by a bear market, it’ll bounce back. In the end, you can make a profit from either direction. So, make sure you choose your investments wisely.
According to Joshua Lim, head of derivatives at Genesis Global Trading, the Bitcoin price is on a sell-off trend, despite recent influx of new investors into the space. However, he predicted that Bitcoin will reach $30,000 in the first half of 2022, which turned out to be true. Meanwhile, Ethereum Price may rise to $1900s in the second half of 2022. Despite the bearish forecasts, investors have continued to accumulate crypto assets since the last year in much slower pace.
Bitcoin, an innovative cryptocurrency that is becoming more and more popular among people worldwide, has recently made the headlines due to its unpredictability. It is the world’s first decentralized digital currency and it has been in the news a lot lately. Despite its growing popularity, many people are still wondering if they should invest their money in bitcoin
What is Bitcoin?
Bitcoin is the first decentralized digital currency. It has been around since 2009 and it has generated a lot of interest since then. People call it a cryptocurrency because it uses cryptography to control the creation and transactions of money. In simple terms, Bitcoin is just a virtual piece of currency that you can trade online in exchange for goods or services.
Is Bitcoin Safe?
Bitcoin is a very risky investment. Bitcoin’s price recently reached an all-time high of around $68,000 in November 2021, before falling below $42,000 in early January. This is only one example of the coin’s ups and downs over its history.
While Bitcoin technology is relatively secure, there are several hazards to be aware of before investing. Bitcoin isn’t anonymous, cryptocurrency prices may be very unpredictable, Bitcoin is password-based, and cryptocurrency wallets are vulnerable to theft.
Does Hyperinflation Affect Bitcoin?
The profits you see in the cryptocurrency market are not the same profits that you see in the real markets. Bitcoin prices can rise unexpectedly at any moment, despite how much liquidity there is in the market, and they can fall just as suddenly. The price of Bitcoin may completely change on a daily basis. These changes in prices are due to variations in supply and demand, and your profit will be based on whether or not you buy at the right time. Unlike fiat currency, crypto cannot be manipulated as easily by raising interest rates or creating more money. As such, this also means that there is no real threat of hyperinflation.
Bitcoin Cyber Security Risks
Cybersecurity is still a problem in Bitcoin, with cybercriminals using Bitcoin to stay anonymous, they also exploit the weaknesses and unsafe areas of this new and rapidly evolving technology. Cyber crooks may permanently lock customers out of crypto wallets by stealing their account keys, giving them access to their entire assets. As a result, it’s critical that crypto accounts be handled with extreme prudence.
Bitcoin Is Not Anonymous
While Bitcoin hides your personal information, it does not hide your crypto wallet’s address. That implies you’re no longer “anonymous,” but rather “pseudonymous,” and someone may trace out your personal information using hints. Governments may issue subpoenas for information, and hackers can access data in a variety of methods.
Because all ledgers are open to the public, if someone knew how much you spent, when you spent it, and where you spent it, they could look it up in the ledger and track it back to your wallet. They might then map your buying patterns, collect data about your life, and perhaps blackmail you after that.
Bitcoin Is Volatile
Despite the fact that Bitcoin utilizes strong encryption, its volatility makes it a risky investment. With no governing agency in place and a global, 24-hour market, a bitcoin worth $60,000 one day may be worth $30,000 the next.
There have been periodic times of stability, but they never endure. After all, there’s a reason why some joke that Bitcoin is just male astrology. Invest at your own risk, understanding that you might lose a lot of money.
Bitcoin Passwords Can Be Lost
Crypto wallets are where bitcoins are kept. You’ll be in big trouble if you forget your Bitcoin password – that is, the password to your wallet. You cannot contact a central authority to retrieve your account. Several individuals have lost millions of dollars after forgetting their crypto wallet password.
That’s simply one more incentive to utilize a password manager at all times. However, even your own safeguards may not be sufficient. After its founder died without giving the secret password, a well-known crypto exchange failed to reimburse $190 million to customers.
Conclusion
Bitcoin is a powerful new technology that could revolutionize the way money circulates worldwide. However, it’s also highly risky. Bitcoin is not anonymous and its prices are extremely unpredictable. Furthermore, it’s possible for you to lose your password and access to your cryptocurrency wallet, so be careful with it.
Bitcoin is not the type of investment that you want to make if you’re looking for stability in your life. Nonetheless, if you don’t mind taking risks in exchange for potentially huge benefits then it might be worth investing in this cryptocurrency. For more information about Bitcoin check out our blog now.
The Plan Course – Can You Make Money Fast Using Crypto Bots?
If you’re looking for a cryptocurrency trading course that can help you make money in form of daily profit, then you’ve come to the right place. The Plan course is designed to teach you how to make money fast by using a sophisticated code algorithm based on pure math. If you follow the instructions carefully, you should be able to profit more than 85%. It is taught by Dan Hollings and Tony Balistreri, two successful online entrepreneurs.
The course includes several phases, and the sessions cover different aspects of the program. The course is for complete beginners or advanced traders, and anyone who wants to earn a higher return from the crypto volatile market. The Plan course costs $3500 investment minimum and you must invest in at least one bot to get in the game. Once you’ve everything setup, then you can sit back, relax, and watch the profit rolling in. The course will be closing registration on 17th of May, so make sure to watch a free webinar workshop.
The Plan requires a start-up cost for one crypto pair bot of $3,000 USD, but you can withdraw your money at any time, it’s fully under your control. It is suitable for those who are new to the crypto world, or for those who have been burned by high-risk strategies such as trying to catch a next moon-shot.
It offers a free spot at its upcoming Live Masterclass where you can ask Hollings questions about his crypto trading course. If you sign up today, you’ll receive a free spot at the next Live Masterclass, where you can ask him any questions you may have.
Who Is Dan Hollings?
Dan Hollings is a cryptocurrency expert and has created The Plan course to help people get started with the crypto market. While it may not be the best choice for everyone, if you know your stuff, you can find success by following The Plan course. You can also use bot software that costs fifty to one hundred dollars a month, but it may not be for you. Just be sure to read reviews of the course before you sign up for it.
The Plan is a step-by-step video course that will help you learn how to make money with cryptocurrency. It will teach you how to invest in different cryptos and give you a leg up when things don’t go your way. While the course can help you earn thousands a month, there is no guarantee. Before you invest, however, be sure to read the fine print and don’t be tempted to follow someone else’s advice.
The Plan Phase 1
Here is an overview of all modules inside The Plan Phase 1 Grid Bot Gold Course. The phase one consists of 6 modules each covering the most critical components of trading crypto using AI grid-bots and state of the art software that Dan discovered to work the best out of all commercial crypto trading tools out there.
This page may offer a paid third-party product that we promote and recommend and we may be compensated, for more info check out our affiliate disclosure.
Is Bitcoin and crypto the only savior of the global financial instability and crisis? If NOT, what else?! The inevitable hyperinflation is just around the corner and there are only a few ways how to protect your wealth, business, or wellbeing, if you are already rich and have a movable collateral at your disposal, and it’s cryptocurrency, specifically Bitcoin. But if you are the middle-class or poor-class citizen who has some limited amount of capital saved in a bank to buy a house, car, or whatever, then you are in a big trouble, and you should do something about it really fast.
But what if you don’t have any capital and don’t own anything? Well, then you got nothing to lose, but also nothing to gain. Even still, the best winning strategy for the last 4 years would be incrementally buying Bitcoin and/or other main cryptocurrencies every time they dipped. And even with very little investments each time, today you would be sitting on at least 10x gains, but most likely much more than that.
Now, where is this all coming from.
If you watched the short unedited video above, you will probably get that I am advocating for what Mr. Michael J. Saylor has been saying for last 18 months, which in a nut shell is to go and invest some portion or majority of cash savings into Bitcoin and some other altcoins, but mainly Bitcoin.
Before we get to who is Michael Saylor and why you probably should listen to him when it comes to economy, investing in various markets, and cash-flow money management, I would like to quickly provide my personal opinion on this, even though I stand for most of the things that Michael Saylor says.
Why is Blockchain Technology and Bitcoin a Better Way
This is a critical moment in time of our history. The reason behind the rapid change is the digital energy of high frequency. It’s not just financial systems that we talk about but the entire economy, industrial markets, and the way people do things in every day life like paying for food, rent, or electricity.
I know it’s still not clear to vast majority of global population what does this mean and represent, but pretty soon will. Blockchain, Bitcoin, and crypto are all still very new subjects that first ever started to break into the realms of public less than a decade ago, and it takes time for people to learn and adjust. Just like one of the examples that Michael Saylor mentioned, how long it took for people to fully appreciate the electricity, talking about electric current through copper wires that could easily kill anyone, when it first came out? It took probably decades for vast majority of people to adopt it as something normal that is presented in every day of our lives. Or what about the Internet?
So my point is that the blockchain industry is very new at the beginning of it’s full appreciation, and now it’s time to take some measurable risks and get in early before it becomes normalized just like the internet after Dot Com bubble Era in the beginning of 21st century. Also, there is no doubt about the wide array of use of the blockchain technology and digital currency as high-frequency money.
Who is Michael J. Saylor?
Michael Saylor is an American investor, business executive, co-founder of MicroStrategy, and longest public company serving CEO in the history. MicroStrategy is a company that offers cloud-based services and mobile software to enterprises. He is also the author of the 2012 book The Mobile Wave.
Born in Lincoln, Nebraska in 1965, Saylor’s father was a chief master sergeant in the Air Force and his family moved to Fairborn, Ohio near the Wright-Patterson Air Force Base when he was 11. In 1983, he enrolled in the Massachusetts Institute of Technology on an Air Force ROTC scholarship and joined Theta Delta Chi fraternity. He met his future co-founder, Sanju Bansal, during his time at MIT. Saylor graduated from MIT in 1987, earning a degree in science and technology and double majoring in aeronautics and astronautics.
Before founding MicroStrategy, Saylor worked for companies such as The Federal Group and DuPont. He later used the earnings from his jobs at DuPont to found his own company, MicroStrategy, with his former classmate Sanju Bansal. In 1992, he raised $100 million from DuPont and co-founder Sanju Bansal. They then went on to go public, raising over $2 billion for the company.
After the stock market crash in 2000, Saylor’s business was in the spotlight. The Securities and Exchange Commission accused him of misrepresenting the financial results of MicroStrategy. In December 2000, Saylor settled with the SEC and agreed to pay $350,000 in penalties and $8 million in disgorgement. After the restatement, the stock of MicroStrategy plummeted, wiping off six billion dollars of Saylor’s personal wealth. But despite all failures Michael managed to bring the company back up to one of the highest valuable public software companies in the world even before starting to invest in Bitcoin in the mid year 2020 when the pandemic hit and shot down the entire economy in just few weeks.
While Saylor has a significant net worth in his private life as an investor, his primary career is as a Businessman and serving CEO for a public company. He later founded the Saylor Foundation to provide free collegiate education for everyone. Despite being an influential figure in the industry, his personal life is unknown to many. As such, it’s important to conduct due diligence when investing in Bitcoin. If you’re thinking about making an investment in the cryptocurrency, Michael Saylor might be the right man to talk to.
Conclusion
If you’re a newcomer to crypto, it’s probably time to get acquainted with this tech-savvy billionaire. Michael Saylor has a pro-Bitcoin stance and shares posts that encourage people to invest in Bitcoin. He shares stories like the founders of Tahinis, a Canadian restaurant, who are turning their earnings into Bitcoin in August 2020. The founders said they did so because of the rising prices and were looking for a way to protect their earnings. This demonstrates his passion for the cryptocurrency, as he has years of experience investing in this technology.
Michael J. Saylor is also a founder of free learning resources sites such as:
Crypterium (CRPT) Token – Coinbase and Huobi Listing of CRPT Shows Solid Project with Potentially Huge Future Growth
The (CRPT) Crypterium token is a cryptocurrency that is being developed by the experienced team of developers in blockchain and DeFi space. The project is based on the idea of a bank that lets users create savings accounts as well as use the features and benefits everyday banking for cryptocurrency. These accounts would provide repeat income based on the balance.
Just as a note, crypto assets are highly volatile, so investing in all or any crypto asset is highly risky and it’s not recommended to invest all your money savings at once.
The main aim of this project is to build a bridge between the Crypto and FIAT worlds. The bank infrastructure is already in place, supporting more than 170 countries around the world with over 500,000 global active users, so it is pretty safe to say that it’s expected to grow. As we mentioned, Crypterium is becoming a reality in many parts of the world, especially countries with a record of high money inflation. The company launched its platform in the late 2017 crypto boom and managed to still be around until now. For the time being, the CRPT coin price is at $0.70, traded as high as $1.02 according to coinmarketcap.com, but it’s possible for CRPT to go as high as $10 this year.
Recent events that took place, such as listing the CRPT token on 2 biggest crypto exchanges Coinbase and Huobi, caused the price to spike by more than 500% and then shortly after go a little bit down and stabilize itself around $0.70 per token.
The Crypterium and its native CRPT Token is being used to pay for services and utilities as in a normal everyday life using the credit card and all banking features combined with decentralized Crypterium ecosystem. In addition to this, the CRPT token will be supported by a staking service, which allows users to earn up to 21% per year in interest from their token. The CRPT token can also be sold or exchanged for other cryptocurrencies through the Crypterium App or many centralized and decentralized exchanges like Binance, Kucoin, Gate.io, and now also Coinbase and Huobi. It is also expected to be a highly valuable crypto asset in the future in the cryptocurrency and DeFi industry.
As far as team behind the Crypterium, they say that their service will revolutionize the blockchain financial industry. Unlike other cryptocurrencies, the Crypterium app will allow users to invest in different cryptocurrency portfolios as well as be able to pay for any product or service anywhere in the world. according to their future vision. Crypterium is already integrated with the various types of payment methods, including fiat banking system and credit and debit cards. Therefore, users can easily send money to friends fast and easy.
You can use the Crypterium multi-crypto wallet to purchase hold, and safely store you digital assets as well as pay for products and services. The wallet app will allow you to see the value of these digital assets in fiat currencies like the U.S. dollar, Euro, Australian dollar, and British pound. The Crypterium token can also be used for staking, borrowing, or lending.
As a digital asset, the Crypterium Token will be an ideal tool for the financial industry. It will enable investors to borrow money using the cryptocurrency as collateral. The repayment process is similar to borrowing against a home. However, the Crypterium Token is designed for investment. It will be used to invest in cryptocurrency, and it will be used to purchase digital assets.
The Crypterium Token is a digital asset that is available for sale on the market. The company is headquartered in Tallinn, Estonia. The company has a number of licenses that cover the provision of virtual currency wallet services. The company is certified under PCI DSS, an international payment data security standard. Moreover, the company has a mobile app and is building it.
This what many bitcoin and crypto enthusiasts were waiting for! The mass global adoption of crypto assets ignited by big hedge funds, trust funds, and corporations, and then…the whole world.
Serbian Prince Philip Embraces Bitcoin and Its Technology!
Serbian Prince Philip is one of the most prominent cryptocurrency supporters in the world. He recently appeared on a Serbian television talk show, speaking about his love of Bitcoin and the need to eliminate fiat currencies. While he was speaking to the audience, the prince seemed to be fond of the cryptocurrency and said that the government should take the money away from the people to prevent inflation.
While the prince did not elaborate further, his statements were well received by the audience. According to Serbian Prince Phillip, Bitcoin is a symbol of freedom, and it is time for the world to embrace it. He believes that Bitcoin is the future of money, and that the country desperately needs hard money, as the fiat currencies it currently uses are susceptible to inflation. Rather than relying on fiat currency, the country needs a currency that is free of the state and is not subject to the forces of inflation.
While Prince Philip has a background in Austrian Economics, he is currently studying the market for Bitcoin. He argues that Bitcoin offers freedom for the people. While other governments may be wary of cryptocurrency, Serbia’s central bank is already aware of the risks involved. It is best to consider the risks involved and seek professional advice before deciding on a strategy. If the price of a currency rises significantly, the country’s economy will fall.
As a crypto-enthusiast, Prince Philippe is an ideal candidate to promote Bitcoin. He has a background in Austrian Economics and works as an analyst for an asset management company in London. His work revolves around studying the markets and discussing their clients’ portfolios. However, despite his doubts, he doubles down on his position on bitcoin. He says that people will learn about it sooner or later.
In his interview, the Serbian prince discussed the pros and cons of Bitcoin in the Serbian context. The prince said that bitcoin is “freedom” and that it’s a good way to free the economy. He also explained that Serbia needs hard money, which is money that’s free from inflation. In contrast, fiat currencies are controlled by governments and have been proven to have negative effects. But the Prince’s positive comments were enough to convince his followers to adopt the crypto-currency in the near future.
On one Serbian TV show, the prince talked about Bitcoin and cryptocurrency. He is a member of the parliament of Karaorevi, a former Yugoslavian crown prince. His brother, Prince Alexander, is another member of the ruling house and is in the second line of succession. In London, he works with global asset management companies, including the world’s most famous cryptocurrency exchanges, such as bitcoin
Conclusion
Despite its many risks, the Serbian prince has endorsed the currency. He argues that bitcoin is a symbol of freedom for the people and is a good inflation hedge. The Serbian Prince is also a strong supporter of cryptocurrency and has urged the government to make it legal. But the Serbian Royal isn’t the only royal to back crypto. The prince is also a supporter of hard money, and this is why he endorsed it.
The Efinity Parachain is a NFT Cross-Chain blockchain project that allows consumers to create and trade digital assets. The platform enables users to share, exchange, and store their EFI. The protocol allows users to group and manage related tokens through tags. In addition to creating new and unique tokens, EFI can also be used in transactions. It has a large number of features that allow it to serve as a decentralized exchange. Here are some of its features:
Powered by the deflationary Efinity EFI Token, the network is environmentally friendly, scalable, and built for games, apps, enterprises and creators to deliver their own non-fungible tokens to mainstream audiences.
Built on Polkadot in partnership with Parity Technologies and the Web3 Foundation, Efinity is a new blockchain that’s purpose-built for NFTs. It’s a token highway designed to enable a specific kind of future—where NFTs are as widespread and easy to use as smartphones today.
The Efinity network has an extremely low gas cost and ultra-fast transaction execution. It can mint 20 million NFTs per second. This will enable play-to-earn gaming and a broader metaverse. The platform is also vying for a slot on the Polkadot parachain auctions. In addition to this, it is launching its own Crowdloan page, which is aimed at attracting new cryptocurrency holders.
In addition to its ecosystem, Efinity project will be compatible with smart contracts and parachains. These two technologies will help players create a seamless experience on the Efinity platform. Further, the system will allow developers to offer a seamless experience to their users. In short, Efinity will be able to attract the attention of crypto enthusiasts. It will also be easier for game developers to integrate Efinity’s tokens into their games.
In May 2018, Enjin announced 70 ecosystem partners to support its Efinity cross-chain NFT project on Polkadot. The project will compete with other competing parachains. VRJam and Hololoot will help in the visual aspects of the decentralized Metaverse built on Efinity. In addition, the project will allow for virtual reality functionality. Hence, the ecosystem is expanding with new applications. The community is already working hard to make Efinity a viable choice for investors.
Despite its many benefits, Efinity is still a niche project when compared to other parachains. Its fast execution speeds and low gas fees make it a good choice for high-volume transactions. Additionally, it will enable play-to-earn gaming and the broader metaverse to flourish. With this growing ecosystem, it will be the first to truly realize the potential of its decentralized Metaverse. And with it, the Efinity project is competing with other contenders in the market.
Efinity and Metaverse
In addition to a Metaverse, Efinity will provide VR and augmented reality functionality for its users. In addition to VRJam, Hololoot is a blockchain for virtual reality. The project will work with Efinity to build the visual elements of its decentralized Metaverse. It also plans to incorporate the Polkadot protocol into the platform. Its developers are already working on other features of the blockchain.
The Efinity token will be the primary utility token on the network. It will allow users to vote without spending money. It will also allow third-party developers to build apps for the platform. Furthermore, the Efinity Parachain will also make it easy to move and exchange the Efinity Token from one chain to another. This will give investors and developers the ability to move the Efinity Tokens between the two networks. In addition, Efinity is a highly versatile platform, with over 70 partners and a $100 million fund for developers.
Crypto coins have been in the news constantly these days. Here’s a look at some recent news and developments in crypto industry markets.
Cryptocurrency in Russia and the Ukraine
So far, the Ukrainian government government has received more than $75,000 worth of crypto tokens in donations. They have been so successful that the military is planning to auction off NFTs in order to raise funds.
Meanwhile, Coinbase has been criticized by some and praised by others for refusing to close the accounts belonging to Russian users.
Defi Closures and Uncertainty
Recently two notable individuals in the crypto world have decided to call it quits. Anton Nell, the developer of Fantom (FTM) has announced he is no longer interested in blockchain projects. At the same time, Andre Cronje, the founder of multiple DeFi projects like Yearn Finance, also is leaving the crypto industry.
Yearn Finance, Keep3r, Chainlist, Solidly and more projects are all now dying. They will cease to exist on April 3, 2022. This news has causes price to plummet and people to panic. Fantom is now down 16%, however, many others are still working at the Fantom Foundation. So, the future of FTM is unclear, but not without hope.
Ethereum’s Update is Coming
After many years of anticipation, it seems that Ethereum is finally going to fully switch from Proof of Work (PoW) to a Proof of Stake (PoS) algorithmic consensus system. According to Vitalik Buterin, the launch will be here within months. While an exact date has not been given, this has investors feeling bullish in an otherwise bearish crypto market. The switch would result in vastly lower transaction fees. It would also significantly reduce the blockchain’s energy usage, which it has been criticized for by environmentalists.
Cardano is Also Updating
Another highly popular and 8th largest cryptocurrency by market cap, Cardano, is also undergoing some changes. The code will be updated soon for the first time in 2022. This is expected to lead to growth for the coin, which is already doing quite well.
This update is simply titled the “February release.” As you can tell by the name, it is running slightly late. Two more major updates are planned to follow sometime between now and the end of the year. These updates include a hard fork combinator, which could help undo the damage that generally results when a blockchain is forked.
Who is Praising Bitcoin Now?
Bitcoin has always been controversial, but lately it’s been getting some praise from Steve Wozniak, the co-founder of Apple and Energy Efficiency Blockchain PlatformEFForce with its native crypto coin/token (WOZX). He said, “Bitcoin is the only pure gold mathematics. It’s embedded science, math, logic and computer programming.”
The Dogecoin Foundation applied for trademark protection for their meme coin’s name and logo. It’s possible they will now be able to sue copycat coins like DogeBonk and BabyDoge. What effect this would have on the price of Dogecoin itself is unclear.
Crypto Politics in Louisiana
As cryptocurrency donations and other transactions continue to happen internationally, some are hoping to regulate this. A new bill is being put forth in the state of Louisiana by Republican Party Representative Mark Wright. The goal of the bill is to require all crypto political donations to be immediately converted into dollars.
The bill also attempts to prevent anonymous donations. The contributor would be required to accurately give their full legal name, physical address and current employer. Whether the bill will pass into law remains to be seen.
Shake Shack’s Bitcoin Giveaway
Shake Shack has started up a Bitcoin giveaway program. Customers who buy through the app can now be rewarded a small amount of Bitcoin for doing so. This is likely many people’s first exposure to cryptocurrency.
OpenSea Bans Iranian Users
OpenSea, one of the biggest NFT platforms to ever exist, has just banned users from Iran. They have drawn criticism for this, with many lamenting the lack of a fully decentralized, borderless NFT marketplace.
Famous Women Are Getting Into Crypto, Too
Many celebrities seem more interested in non-fungible tokens than coins. The “World of Women” NFT art collection recently sold a piece to the singer Christina Aguilera. Money raised by the sale is being donated to the National Coalition Against Domestic Violence. Other famous collectors include Reese Witherspoon and Eva Longoria. Art in the collection is all drawn by the artist Yam Karkai.
Music NFTs
NFTs aren’t limited to just art. On OpenSea, the rapper Snoop Dogg released a music album as an NFT. The album uses a Mutant Ape Yacht Club monkey as cover art.
Would You Pay Your Taxes in Cryptocurrency?
Lugano, a city in Switzerland, is experimenting with treating cryptocurrency as legal tender. The city hopes to become a hub for crypto investors. Residents can pay their taxes directly in cryptocurrency without converting it into local fiat first.
With the bitcoin price rising every year, the adoption of bitcoin as a currency is increasing. Moreover, the crypto currency has also become a popular alternative to traditional credit cards. It is currently a widely accepted medium of exchange in most countries, while it has remained illegal in many other countries. This has made it a difficult currency to get into. Nonetheless, the rise of cryptocurrency is an exciting trend. But it still has several challenges.
During the past year, the rate of Bitcoin adoption has grown by more than 113% per year, a record for digital currencies. This impressive growth is a significant step forward, as virtual currency is gaining acceptance in international financial centres and smaller towns alike. As more people learn how to use Bitcoin, we will see more companies and consumers adopting it as a primary currency. Let’s take a closer look at the various stages of Bitcoin adoption.
The first step is to understand why cryptocurrency is so much different from traditional cash. Using a card with a dedicated Bitcoin wallet and a specialized app to buy and sell it is a great way to increase the adoption of the digital currency. Unlike the traditional paper money, a digital coin has its own value and can be converted into dollars. It is a great way to buy goods online or at the local supermarket. However, the downside of using a card with a cryptocurrency wallet is the lack of freedom it gives you.
The main drawback to Bitcoin is the lack of a secure way to transfer money, which makes it an unappealing form of payment. Nevertheless, there are many ways to use cryptocurrency to purchase products and services. The major problem is the reliance on central centralized wallets that can prevent users from receiving the rewards they deserve. The good news is that the Visa credit card is one of the most secure ways to use Bitcoin, and this has become a key factor in its rapid adoption.
Despite the shaky beginnings of bitcoin adoption, the U.S. credit card giant, Visa, is planning to boost adoption with a co-branded debit card that offers 10% cash back in bitcoin instead of the traditional reward points. Fold’s research shows that 90% of its users would switch to a Bitcoin-branded card with a bitcoin-reward program. In fact, if the company could get the market share from these behemoths, it might just be the perfect time for the emergence of cryptocurrency-backed rewards.
Besides being an alternative to traditional credit cards, the bitcoin credit card has some distinct advantages over traditional credit cards. The price of a bitcoin is tied to its price and its demand. Moreover, it is easy to convert into another currency, such as the euro or US dollar. In a dollar-denominated economy, a small amount of bitcoin can go a long way. This is why the currency has the potential to steal market share from the behemoths.
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Crypto Quantum LeapHow to Make Life-Changing Profits with Crypto
Learn how to get rich with Bitcoin and cryptocurrencies even if you know nothing about technology.
