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Trading signals and online forecasts Bitcoin/USD

IndexaCo Signals Marketplace - trading signals with real-time results on the financial markets from professional traders

Bitcoin has formed a new support level of 58200
Forex. Cryptocurrency Forecast for todayBitcoin formed a new support level of $ 58,200, after which it declined slightly in the American session. It is possible that profit-taking occurs after steady growth. Against the background of a strongly oversold fundamentally strong digital gold, a strong wave of growth may begin.The capitalization of the cryptocurrency market by the end of Thursday amounted to 2.67 trillion US dollars against 2.61 on Wednesday. This market position indicates the build-up of long positions before a new growth.November showed that the cryptocurrency market may be influenced by trends in the foreign exchange market. A noticeable strengthening of the US dollar forces investors to direct capital to safe haven assets. Recently, gold and cryptocurrencies have become unpopular, which creates preferential sales in these segments.This time, the US dollar moved to a slight decline on Thursday, retreating from a high of more than a year paired with the euro and an almost five-year peak paired with the yen. The growth at the beginning of the session was caused by a hawkish mood in the leadership of the Federal Reserve System, supported by good US economic statistics. This created a contrast with the softer monetary forecasts in Europe and ...
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Bitcoin is consolidating near the level of 55400 dollars
Forex. Cryptocurrency Forecast for todayBitcoin continued to rise in price. Now digital gold is consolidating near the level of 55400 dollars. Trading is influenced by pressure on the US and European stock markets. At the same time, the first digital currency is oversold within the weekly perspective, so it is logical to expect a reversal at the end of this week.The capitalization of the cryptocurrency market by the end of Wednesday amounted to 2.55 trillion US dollars against 2.59 on Tuesday.From the news, we highlight the following: the financial regulator of South Korea announced the possibility of taxation on transactions with non-interchangeable tokens (NFT). At the same time, in early November, the agency argued that NFTs do not fall under the definition of virtual assets and should not be taxed.The head of the US Senate Banking Committee, Sherrod Brown, called on the heads of Circle, Coinbase, Centre, Gemini, TrustToken and Binance.We have until December 3 to disclose data on the stablecoin-related business. According to media reports, US banking regulators have identified a number of areas related to the regulation of digital assets that require additional clarification. The result should be the definition of the areas of responsibility of each regulator and the establishment of a mechanism for ...
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Bitcoin has broken through an important support level of $58,200
Forex. Cryptocurrency Forecast for todayAt the moment, the cryptocurrency is consolidating around $55,600. If there is another decline for several weeks, then digital gold can test support at $52,800.The capitalization of the cryptocurrency market on Monday amounted to 2.51 trillion US dollars against 2.62 on Sunday.According to the media, US President Joe Biden has nominated the current head of the Federal Reserve System (FRS) Jerome Powell for a second term. At the same time, Leil Brainard was nominated for the position of his deputy. Powell's four-year term as head of the Fed expires in February 2022. Notable for the cryptocurrency market is Powell's statement that bitcoin will cease to be necessary after the advent of the digital dollar.Digital gold could show another decline this week if the US dollar strengthens significantly. Market participants are waiting for the publication of important statistics. In the US, data on the secondary housing market, the business activity index (PMI) in the manufacturing sector, the volume of orders for durable goods and GDP for the third quarter will be released. These data can be a driver of the growth of trading activity in financial markets, including the cryptocurrency ...
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Bitcoin is ready to break through the support of 58160 dollars
Forex. Cryptocurrency Forecast for todaySpeculative sales are putting pressure on the digital currency. In case of further sales, we can expect the next support at $55,600.The capitalization of the cryptocurrency market on Sunday amounted to 2.60 trillion US dollars against 2.64 on Friday.Investors are hindered from deploying bitcoin by a number of factors that indicate the currency's transition to a downtrend, namely the strengthening of the traditional safe haven - the US dollar, the prospects for tightening monetary policy in the US, which should support this trend, as well as concerns about the regulation of cryptocurrencies, whether in the US or China.For Ethereum, a confirmed break below the key level of $4000 and below the short-term support of $3960 will draw attention to the next support at $3900. A possible reversal to $4,300 seems necessary for Ethereum to return to an uptrend on the daily chart.The new driver of trading activity will be US GDP data for the third quarter on Wednesday. The growth of the US economy will provoke a new wave of strengthening of the US currency from the levels of the beginning of the week. Of course, this will greatly affect the trading of digital ...
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Bitcoin continued to rise in price, is still in an uptrend
Forex. Cryptocurrency Forecast for todayNow digital gold is consolidating near the level of 66400 dollars.The capitalization of the cryptocurrency market at the end of the weekend added 2.86 trillion US dollars against 2.84 on Friday. The latest news is pushing the cryptocurrency market to growth.According to media reports, Apple CEO Tim Cook said that he personally owns cryptocurrencies, using digital assets to diversify his investment portfolio. According to him, he was "interested in digital assets for some time" and researched this topic. At the same time, the corporation is not going to invest money in these financial instruments or launch services related to them.The past week has been active in the cryptocurrency market. The recent adjustment was related to the potential default of the Chinese developer Evergrande, but everything went well, and tensions subsided. The auction for the placement of 30-year US government bonds was also a driver of concern. Low demand provoked a collapse in prices and a sharp jump in yields, against which the US dollar significantly strengthened. This situation has caused pressure on risky assets, including gold and bitcoin.Next week will be sensitive to US macroeconomic indicators. The focus is on the volume of retail sales, the volume of industrial production, and the index of manufacturing activity from the Philadelphia Federal Reserve. The rise of the dollar may speculatively weaken ...
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Bitcoin has formed a new resistance level around 68600
Forex. Cryptocurrency Forecast for todayBitcoin formed a new resistance level around $ 68,600, after which it declined sharply in the American session. It is possible that profit-taking occurs after steady growth.The capitalization of the cryptocurrency market by the end of Wednesday amounted to 2.80 trillion US dollars against 2.89 on Tuesday.According to media reports, Mastercard will launch debit and credit payment cards linked to bitcoin in the Asia-Pacific region. They will allow businesses and consumers to pay for purchases with cryptocurrency. The partners of the Mastercard Crypto Card initiative are Hong Kong startup Aber Group and cryptocurrency exchanges from Australia and Thailand. The program involves reducing barriers to entry, optimizing the adaptation process and providing access to experts in the field of fintech. The offer implies instant conversion of digital assets into fiat at the time of payment.The second half of the week will be active in the financial markets. The focus will be on the volume of industrial production in the Eurozone and the consumer sentiment index from the University of Michigan for November. The growth of indicators can strengthen the position of the US dollar and thereby attract speculative capital to the foreign exchange ...
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Bitcoin was trying to gain a foothold in the area of $ 68,600, at a new high
Forex. Cryptocurrency Forecast for todayNow bitcoin is being adjusted, and a new trading range of 68600-66400 dollars is likely to form.The capitalization of the cryptocurrency market by the end of Tuesday amounted to 2.89 trillion US dollars against 2.87 on Monday. The positive news background pushes investors to buy digital gold.There is an opinion that the latest bitcoin highs were reached the day after the US Federal Reserve singled out stablecoins, and not bitcoin itself, as one of the main risks to financial stability.Other digital coins have also risen, especially Ethereum. It has grown by more than 70% in the last 2.5 months. Finder.com published the results of a survey of industry experts, which showed that they expect a jump in the cryptocurrency exchange rate to $5,100 by the end of this year and a rise above $50,000 by 2030.Meanwhile, there is also dependence on the monetary policy of Central Banks. The latter do not see the expediency of raising the main interest rates. According to Central banks, the growth of inflation on a global scale is temporary.Today, the digital asset market may react to US inflation figures, weekly applications for unemployment benefits. A strong strengthening of the US dollar may provoke a flow of speculative capital into the foreign exchange ...
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Bitcoin has broken through an important resistance level in the area of 64300 dollars
Forex. Cryptocurrency Forecast for todayIn the future, the resistance level is 66900 dollars.The capitalization of the cryptocurrency market by the end of Friday amounted to 2.78 trillion US dollars against 2.72 Thursday. A positive news background contributes to an increase in long positions for digital gold.While the market is assessing the tightening of the monetary policy of central banks, the US House of Representatives voted to adopt an infrastructure plan worth $1.2 trillion without amendments in favor of representatives of the crypto industry. The crypto community criticized the document for an expanded definition of a broker, covering participants in the crypto industry. It obliges miners, node operators, wallet developers, liquidity providers in DeFi protocols and other non-custodial players to report to the tax service on user transactions. Thus, the principles of a decentralized system of interaction will be violated.In addition, the US Treasury has released a report on the risks associated with stablecoins. The agency saw the stable coins as a threat to investors and the integrity of the market and requested strict legislative ...
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Bitcoin: possible ETF launch and retail demand
The main cryptocurrency started the fourth quarter extremely positively: since the beginning of October, quotes have increased by almost 20%. Moreover, this happened despite concerns about the actions of Chinese regulators, who decided to completely ban transactions with cryptocurrencies.In general, it is quite difficult to find at least some positive information guides. On the one hand, Bakkt research shows that 48% of American consumers have invested in bitcoin in the last 6 months. However, it turns out that most of them spent no more than $100 on the purchase. An article was published in the Wall Street Journal, where they talk about the active advertising of a cue ball by financial advisers to their clients. At the same time, if you study the news in more detail, it turns out that they offer them to buy a little cryptocurrency so that the loss on it will mitigate the overall losses of the portfolio through a tax deduction.Perhaps of all the news, it is worth highlighting the expected launch of an ETF that will track the prices of bitcoin futures traded on CME. A lot will depend on how the information machine presents the event: this news can bring as much negativity as positivity.The mark of $100 thousand per BTC may well be seen in the coming months. That's just in the cryptocurrency market, you should not be overly optimistic. Before further upward hikes, a correction to $50 thousand and below may well ...
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How to gift a cryptocurrency
What should I give to a person who has everything? The most obvious solution is money. But a more original option is a cryptocurrency: ether, a share of bitcoin or a meme token. You can get a gift remotely, and watching the growth and fall of the crypt will turn into a new hobby.  We tell you what methods of giving exist and which digital currencies to choose as a gift.ContentTo gift a virtual crypto walletTo gift a cold wallet with cryptocurrencyTo gift a voucher for cryptocurrencyDonate cryptocurrency to charityWhich cryptocurrencies to choose as a giftTo gift a virtual crypto walletIf the recipient of the gift already has a cryptocurrency wallet, the issue is solved: it is enough to find out the account number (or by email address) and transfer the necessary amount from their own crypto wallet to the account. Such operations are absolutely legal — individuals in Belarus can buy, sell, exchange, store and send any cryptocurrencies using crypto wallets, exchanges and exchangers. At the same time, the cryptocurrency received as a gift and the income on it is not taxed until 2023.If a friend does not have an account, then you can create a new account, transfer cryptocurrency there and transfer access to it to the recipient.Many popular crypto wallets, for example, exodus or mycelium, do not require an email address when registering — it is easier to transfer such an account, because it is not tied to your personal data. The role of the access key is performed by a code phrase (a mnemonic phrase, a phrase or a seed) — a set of 12-24 words that must be entered in a certain order to gain access to the wallet. This key must be passed to the recipient — for example, to rewrite the phrase in a greeting card.There are three important nuances in this method of giving cryptocurrency:Don't forget to warn the recipient that the passphrase is extremely important. If the owner loses it, he will lose access to the crypto wallet and will not be able to restore it.You cannot change the passphrase or generate a new one for an existing wallet — the text key always remains unchanged. Therefore, in theory, the donor can use it after a while, which creates risks. The best option is to give a friend a temporary wallet (temporary wallet), from which he will transfer money to a personal account. Whether a friend wants to carry out all these manipulations is another question. And it is better to make sure in advance that a person is interested in the crypto market and trading — otherwise the gift is unlikely to please him.Regional restrictions. Many American and European services are not yet available in Belarus, Russia and Ukraine. For example, Coinbase does not officially work in these countries. Sometimes restrictions can be circumvented using a VPN, but the method does not always work. Therefore, you will have to choose from a limited number of services. In Belarus, it will not be possible to buy cryptocurrency without providing personal data, since crypto exchanges are required to verify each client — and this usually requires a passport scan. By the way, you can use not only wallets, but also exchanges for donation — in this case, you give access to an account that already has tokens stored on its account.Read more: What is Bitcoin Core? A simple guideTo gift a cold wallet with cryptocurrencyA cold wallet is a hardware device for storing crypto currency, which is something like a flash drive. This is the safest, but not the most convenient option. If you forget the password or lose the carrier itself, the cryptocurrency will be lost forever. For example, an American Stefan Thomas forgot the password from a flash drive that stores more than 7000 bitcoins, and lost access to crypto accumulations — and this is not the only case. In total, about $140 billion is stored in bitcoin wallets with forgotten passwords.When donating, the risks are about the same as in the case of an electronic wallet. When registering, you will need to create and remember a PIN code-a code and a phrase for restoring access (a phrase for restoring).You can order a wallet only on large marketplaces: the price for the most popular models (for example, Ledger and Trezor) varies from $60 to $260. It depends on how many different accounts the device allows you to have (for example, the Ledger nano c model supports 5-6 accounts, while the Ledger nano x supports up to 100), whether the device has an information display and a battery, whether it supports Bluetooth, and so on. In any case, such a gift will cost more than a virtual wallet with cryptocurrency.Read more: Bitcoin on a flash drive? How to store cryptocurrency correctlyTop hardware wallets for cryptocurrenciesLedger Nano SLedger Nano XTresorTrezor Model TRead more: Crypto wallet: the most important & practical tipsTo gift a voucher for cryptocurrencyA voucher is a kind of gift certificate for the purchase of a crypt. You buy a voucher for a certain amount (for example, 50 euros) and specify the email address of the gift recipient. A special code will be specified in the voucher that will be sent to the post office. The recipient must enter it on the website where the voucher was purchased and specify the wallet address to which the amount in cryptocurrency equivalent to the value of this voucher will be transferred.One of the disadvantages of such a gift is that its recipient will eventually have to deal with the registration of the wallet himself in order to receive cryptocurrency. Also, vouchers are usually available only for the most common cryptocurrencies: Bitcoin, Ethereum, Litecoin. But this is the easiest way to give a cryptocurrency.Where to buy cryptocurrency vouchers:CryptovucherRechargeBit4coinBitnovoCoinsbyDonate cryptocurrency to charityCryptocurrencies can not only be given, but also donated to a charitable foundation. Therefore, if there is a desire to share ether or bitcoin with an NGO or a human rights organization, there are several options:Human Rights FoundationSave the childrenMATTERRainforest FoundationThe Water ProjectTor ProjectAnother option with the support of charity is the creation of an NFT token and its subsequent sale on platforms, for example, Rare. But in this case, you need to create a digital object and find a specialist who knows how to work with NFT platforms. You can attract 500-1000 dollars to Ethereum, even if you do not invest in promotion. And you can transfer the collected money to the fund, if it accepts the crypt, or convert it into fiat and credit it to the organization's account.Read more: What is NFT and why are they worth millions?Which cryptocurrencies to choose as a giftGiving cryptocurrency remotely resembles a long-standing trend in the United States, when people began to give shares of large companies to their loved ones. But the crypto market is not yet so popular among the mass audience. People have heard about it, but they don't quite understand how it works and what principles it works on. With this in mind, even bitcoin is still an unusual and original gift. If you look with an eye to the future, then a good gift option is Ethereum. Another popular project is the Polkado. He has revolutionary prospects and grandiose plans that are being implemented at the same time, which is rare for crypto projects. If a person understands the topic, you can give him an NFT token: for example, a picture or a meme registered as an NFT. But we must be prepared that NFT tokens are very ...
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Overview of the Huobi Global Exchange
Brief description of Huobi GlobalFounded in 2013, the Huobi Global Exchange is a centralized platform. According to the Coingecko resource, the exchange has an average (8) reliability rating. As of September 2021, 0 cryptocurrencies are traded on the exchange, the most active trading pair is ETH/USDT. The maximum trading volume for the last 30 days was reached on August 7 in the amount of 161,756 BTC.Verification: OptionalTelegram /huobiglobalofficialFaceBook /huobiglobalofficialTwitter /HuobiGlobalDetailed review of the Huobi Global ExchangeHuobi is a cryptocurrency exchange founded in China in 2013. It is registered in the Seychelles. Link to the official website of the exchange — Huobi.com. It provides opportunities for spot, margin, futures (perpetual contracts, options) and OTC trading. Confidently enters the top-3 in terms of trading volume (turnover-over two billion dollars in 24 hours). It exists both in the web version, and in the form of desktop and mobile applications.Read more: What are futures: types, features, advantages and risksWe offer a detailed overview of the functionality of the Huobi exchange, its advantages and disadvantages.ContentGeneral descriptionTeamFunctionalHow to trade on HuobiVerificationHow to trade on the Huobi exchangeMoney managementHT Token - description of the cryptocurrency from HuobiHuobi WalletHuobi Input and OutputCommissionsSafetyTech. Huobi supportComparison with other top exchangesAPI HuobiHuobi ReviewsAdvantages and disadvantagesConclusionGeneral descriptionRegistration on the platform is available to users from more than 130 countries of the world - wherever transactions with cryptocurrencies are not prohibited by law. Huobi is a multilingual platform that supports such languages as Chinese, English, French; German, Turkish, Portuguese, Spanish.TeamThe founder and CEO of the Huobi Group is Leon Lee. Previously, he worked as a computer engineer at Oracle. He graduated from the Department of Automation of Tsinghua University and became a successful entrepreneur in the field of financial technologies.Other team members:The Chief Operating Officer (COO) is Robin Zhu. He has experience in the field of corporate governance and practical data analysis. He also worked at Oracle at one time. Initially, he was deeply interested in the blockchain industry and Big Data.The head of the Security Department (CSO) is Simon Wu. He is responsible for risk management, previously worked in international consulting firms and government agencies, dealing with business security and management issues.The technical director is Roy Zhu. He was a technical expert at Alibaba, a partner and senior vice president of Jinshan Cloud, and also held a management position at Taobao. Is responsible for the research and development of new functionality.FunctionalHow to trade on HuobiThe Huobi exchange is designed to manage cryptocurrency assets in the following ways:Spot trading. Trading with instant settlement, when funds are transferred between the buyer and the seller here and now, based on the current market value of the asset.Futures trading. Trading contracts containing information about the value of the currency and the time of sale. By entering into such a contract, the buyer and the seller undertake to transfer funds at a specific rate and at a specific time. An effective tool for hedging risks.Margin trading. Trading with leverage — the user takes a certain amount of credit funds secured by the assets available to him and thereby can use a larger amount in trading than he has. This increases the potential profit, but also the risks. The available leverage level is individual for each currency.OTC. A P2P exchange platform that connects fiat money and digital assets. It is intended for institutional investors who make large transactions and want to do it completely in the legal field.The index is HB10. It includes 10 top cryptocurrencies, works in conjunction with an investment product that helps to invest funds in the entire basket of promising assets at once.Fiat. Quick purchase or sale of cryptocurrency for fiat money. Supported payment methods: VISA/Mastercard bank cards, Western Union, e-wallets.Huobi Global currently works with 286 coins (770 trading pairs).Read more: P2P: where peer-to-peer networks are usedVerificationTo start trading, you do not need to verify your identity, but you can pass it to expand the withdrawal limits and get access to additional functions. Go to the "Verification" section and enter the necessary information — passport or driver's license number, first name, last name, upload a scanned passport in JPG or PNG.Verification on the exchange is not required, but it gives additional advantages when using the platformThe information is manually confirmed by the exchange's employees, usually it takes no more than two days.How to trade on the Huobi exchangeLet's look at how to trade cryptocurrencies and tokens using the Huobi platform.In the central part of the screen, under the chart, there is a section for creating buy or sell orders. Huobi supports the following main types of orders:Market. The user specifies only the desired amount of cryptocurrency. The transaction is made instantly and at the market price that is at that moment.Limit. The user specifies both the amount and the cost of the cryptocurrency. As soon as a counteroffer appears, the order is automatically executed. All created limit orders are located in the so-called glass (or orderbook).Stop limit. A subspecies of a limit order. While a regular limit order is executed when the specified price is reached or better, the stop limit is executed at the specified price or worse.Trigger-an order (by limit or by market).Advanced tool-creates an order that is executed automatically immediately after the execution of another order. In the right part of the trading terminal interface, there is a history of all completed orders — date, volume and price. And at the very bottom — information about active and completed transactions of a particular trader.Money managementHuobi Global includes a number of opportunities for managing funds for investors. After entering the exchange, the following tools are available:Blocking and mining HT. Holders of the exchange token (HT) can participate in the airdrop. To do this, they need to block at least 100 HT on their account for a period of 7 to 90 days. After the expiration of the period, a bonus is awarded in the form of a certain amount of Huobi Pool Token (HPT).Landing page. Investment of USDT or BTC at interest for 10, 20, 30 days. The interest rate can be entered manually (from 0.01 to 0.09% per day) or set the optimal one. Other users then select suitable options from the entire pool of available offers.Storage of assets. Professional asset storage services for companies and institutions. Clearing and detailed reports are included in the price.Asset management. A digital asset service platform for professional users. There is a choice of three investment strategies with different levels of risk and profitability.Savings (available only after verification). A deposit account with an interest income. The interest is periodically adjusted, at the moment it is 7.28% per annum for USDT and 3.5% for BTC.A new Pool Savings section was also recently opened. This is a tool for working with DeFi tokens. It includes profitable farming of new and promising tokens.Read more: What is an airdrop of cryptocurrencies - is the game worth the candleHT Token - description of the cryptocurrency from HuobiHT is a token, a cryptocurrency officially launched by the Huobi exchange in 2018. Functional purpose and why it is needed:Discounts from 10% to 95.15% on trading fees (depending on the number of tokens held).Participation in events and events held by Huobi.Farming of the HPT token.VIP status.Use as a guaranteed asset with a cross-margin.Deflationary burning scheme to maintain the value of the asset:Asset allocation schemeToday, there are HT holders in more than 180 countries around the world. It is traded, in addition to Huobi, on the Bibox, Bitforex, Coinsbit, HitBTC, MXC, etc. exchanges.Huobi WalletThe universal multi-currency wallet from Huobi Global can be downloaded from the links:For Android - https://play.google.com/store/apps/details?id=com.huobionchainwallet.gpFor iOS - https://itunes.apple.com/cn/app/id1433883012?mt=8The application supports most major cryptocurrencies (BTC,ETH, XRP, LTC, BCH, etc.), stablecoins (USDT, USDC, TUSD, DAI, PAX), most tokens on the Ethereum, Ontology, TRON, EOS blockchains.The main features of the crypto wallet include independent management of private keys, personal control over assets, data encryption, support for multi-signature and the ability to organize joint asset management. The simple interface allows you to perform operations in one click.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesHuobi Input and OutputTo deposit funds to the Huobi Global exchange, you need to go to the Currency Account section, select the cryptocurrency of interest, for example, Bitcoin, and click Deposit.Copy the address and transfer the cryptocurrency to it from an external wallet (you can use a QR code for a quick transfer from a mobile application).The funds are credited to the exchange account after one confirmation by the miners, and after two confirmations they will be available for withdrawal.The minimum deposit amount is 0.001 BTC. The deposit address does not change every time, but only sometimes, the exchange notifies about this by email.To withdraw cryptocurrency, you need to go to the same section, but this time select the Withdraw button.Specify the address to which the coins should be transferred, and the required amount. The commission is indicated in the same window and covers the transaction costs, providing a quick transfer.The minimum withdrawal amount is also 0.001 BTC.Read more When Bitcoin appeared: telling the story of BTCCommissionsType of operation Commission feeSpot trading 0.2% maker and 0.2% takerMargin interest 0.098%OTC trades 0.1-0.2% maker (depending on the currency), 0% takerContract trades 0.02% maker, 0.04% takerEntry without commissionThe withdrawal is individual for each coin, indicated at the time of withdrawal (for example, for BTC — 0.0005 BTC).Read more: What is OTC and what are its featuresThe table shows the standard indicators. Holders of HT tokens can reduce them. With a deduction, the fees look like this:SafetyThe Huobi exchange uses cold wallets, secure connection and data encryption to protect user funds. In addition, the user can independently increase the security level of the account if he performs the following actions:It will enable two-factor authentication — a simple and effective way to confirm login using the Google Authenticator application.It will link the phone number and confirm the email address.Associates accounts in other networks (Google, Facebook, Apple) with the Huobi account.It will set a complex password and an anti-phishing code.Read more: Network security. 2FA - two-factor identification methodsTech. Huobi supportYou can contact Huobi technical support via an online chat on the website. Other contacts and social networks of the project:Telegram https://t.me/huobiglobalofficialFacebook https://www.facebook.com/huobiglobalofficialTwitter https://twitter.com/HuobiGlobalBlog on Medium https://medium.com/@huobiglobalInstargam https://www.instagram.com/huobiglobalofficial/YouTube https://www.youtube.com/HuobiGlobalAPI HuobiThe Huobi Exchange provides documentation for developers (API) for free. It can be found at https://huobiapi.github.io/docs/spot/v1/en/#change-logIn the top menu, you can switch to another type of trading (spot, futures, options, margin swaps). Information on all categories is constantly updated. The developer can subscribe to email notifications to keep everyone up to date with the latest changes.Huobi ReviewsThe site has both positive and negative reviews, there are about the same number of them. Users complain about high commissions, problems with the NEM cryptocurrency, as well as insufficient functionality — despite the fact that the platform keeps up with the times and regularly introduces new features, it is not yet possible to work only with it without resorting to the help of other large trading platforms.Nevertheless, trading volumes show that most users consider the platform to be the best option for exchanging certain currency pairs (the most popular is BTC/USDT).Advantages and disadvantagesAdvantages:The exchange is in the top in terms of trading volume and liquidityOwn functional tokenDeveloping functionalityPositive feedbackOptional verificationA large selection of trading pairsMobile and desktop walletsReferral programDisadvantages:Some functionality has been cut for popular cryptocurrencies. For example Bitcoin and USDTConclusionThe Huobi cryptocurrency exchange is actively developing and tracking current trends, such as earnings on DeFi tokens. A strong team, the introduction of new options, adequate commissions-all this speaks in favor of the site and adds respectability to it. Now there is such a time in the cryptosphere that it is impossible to keep up with trends, otherwise the project will instantly lose part of the market.Read more: What is decentralized finance ...
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The illusion of money. Top 5 largest cryptocurrency thefts in history
The alleged theft of cryptocurrency on the Africrypt platform has become the most expensive in history. Any hacking of the exchange negatively affects the value of the cryptocurrency, but hackers arrange attacks not only for the sake of stealing money. Many thus reduce its course. Fierce competition in the market over time only increases the likelihood of such hacks. We calculated how much the most expensive hacks in history cost investors.Binance: $40 millionHacking Binance — the most popular exchange in 2019 cost 7 thousand bitcoins. At the time of the hack, it cost about $40 million. "We discovered a major security breach today, May 7, 2019, at 17: 15: 24. Hackers managed to obtain a large number of user API keys, 2FA codes and, possibly, other information," the report says.The exchange announced that hackers used various methods, including phishing, viruses and other attacks. "During the hacking, hackers were able to gain access to the "hot" Binance wallet, which, at the time of the attack, had about 2% of the funds. In just 44 transactions, the attackers managed to withdraw 7074 BTC, " said Changpeng Zhao, CEO of the exchange. By "other information", the company meant the theft of personal data of customers, which negatively affected the trust in the platform.The exchange announced that it will cover all the lost funds from its funds, and no user will be affected by this hacking. Binance representatives reported that the losses will be covered at the expense of the previously created SAFU fund (user asset Security fund). Previously, 10% of the platform's commission fees were sent to his address.Nicehash: $80 millionOne of the largest thefts can be called the story of the Slovenian company Nicehash, which occurred in 2017. In fact, Nicehash is not an exchange — it is a cryptocurrency miner with an integrated market. Users leased their computing power to those who mined cryptocurrency without investing in equipment. Hackers could easily get new coins.Nicehash has published an official comment: "It is important to note that our payment system was hacked, and the contents of the NiceHash bitcoin wallet were emptied. We are working to verify the exact number of stolen BTC. It is clear that this is a matter of deep concern, and we are working hard to correct this in the coming days. In addition to conducting our own investigation, the incident was reported to the relevant law enforcement agencies, and we are cooperating with them as a matter of urgency."As a result of the investigation, it turned out that hackers stole 4,700 bitcoins, which is approximately $80 million. The company announced the return of 60% of the stolen coins, and in 2019 it froze the payment program for victims of hacking. NiceHash claimed that it reimburses users for funds received from commissions, thereby reducing the platform's profit, and promised to resume refunds in the future.Mt.Gox: $390 millionAnother Japanese exchange, Mt.Gox, suffered in 2013. At that time, the platform handled 70% of all global bitcoin traffic. For unclear reasons, bitcoins worth about $390 million went missing. It turned out that for two years the hacker stole bitcoins from users ' wallets, but the platform recognized the expenses as deposits and charged some users up to 40 thousand additional bitcoins.After that, the head of the exchange, Mark Karpeles, announced that he was resigning from the board of the Bitcoin Foundation. At the same time, an official document of the administration leaked to the network, which showed the deplorable state of the platform. It followed from the text that unknown attackers stole about 744 thousand bitcoins, and the exchange administration is not able to pay off its users, since the stolen amount is huge. Karpeles was arrested and charged with embezzlement.In February 2014, it declared bankruptcy, when the company's debt reached $63.6 million, and the number of creditors exceeded 127 thousand people. In addition, it turned out that the platform itself was affected - 120 thousand of its own bitcoins were stolen from the exchange. At that time, experts predicted the collapse of the entire cryptosphere, since the theft affected approximately 6% of the issue of all bitcoins in circulation.CoinCheck: $533 millionAnother major hack occurred in CoinCheck - on the leading Japanese cryptocurrency platform. In January 2018, hackers outside the country infected the exchange's internal network with a virus that was transmitted by email. This allowed attackers to steal users ' private keys. As a result, 523 million NEM coins worth $533 million were stolen.This amount was in a cold wallet, which is safer from possible attacks or theft than hot wallets. The company itself has acknowledged problems and failures in the management of the cold portfolio: the theft occurred due to the neglect of the storage of this cryptocurrency. The CoinCheck exchange did not use smart contracts with multiple signatures, so all coins were stored on the same wallet.However, such a large theft did not lead to the collapse of the cryptocurrency market. CoinCheck does not have such a systemic importance as Mt.Gox and other exchanges had at the dawn of the crypto market development. Its total value at the time of the theft was less than 0.25% of the value of the entire cryptocurrency, and the options for buying and selling crypto assets are very different today. The quick reaction of CoinCheck allowed to reassure investors, who were reimbursed in full.Africrypt: $3.6 billionThe founders of the investment platform Africrypt, two brothers Amir and Race Keiji are suspected of stealing about 69 thousand bitcoins, which is equivalent to $3.6 billion at the current exchange rate. In April 2021, they announced that the platform had been hacked and the funds stolen. Users were asked not to contact law enforcement agencies, because, according to Amir, this would make it difficult to return the cryptocurrency.However, the investors did not listen to the advice and turned to the law firm Hanekom Attorneys, which initiated an investigation. It turned out that the employees of Africrypt lost access to the site a week before the founders announced the hacking of the platform. Now the case is being investigated by the South African police, law enforcement officers have contacted crypto exchanges to prevent attackers from selling the stolen cryptocurrency.It will not be easy to track it, since special services that confuse transactions were used when sending bitcoins. The site of the site is currently unavailable. Africrypt was launched in 2019, the Keiji brothers promised investors high profits - a huge yield of up to 10% per day. According to Bloomberg, this story can become the largest scam in the field of cryptocurrencies, if the fact of theft is confirmed. Now the court has temporarily liquidated the brothers ' company, they have been given until July 19, 2021 to respond to the court ...
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WhiteBit Exchange - registration, commissions. Overview of 2021
WhiteBit is one of the few relatively new cryptocurrency exchanges that has won the trust of traders and at the same time offers high-quality services. A distinctive feature of the platform is that it offers not only modern tools for making money on cryptocurrencies, but also opportunities for hedging risks.In this review, we will take a detailed look at what the WhiteBit cryptocurrency exchange is, what its advantages and disadvantages are, what the reviews of 2021 say, and we will conclude whether it is worth considering it as a tool for earning money on the cryptocurrency market.  What is WhiteBit?Exchange interfaceRegistration on WhiteBitVerification on WhiteBitHow to trade on WhiteBitTrading interfaceMargin trading on WhiteBitCryptocurrencies and ordersDeposit and withdrawal of fundsDepositing fundsWithdrawal of fundsCommissionsAdditional featuresSMART-stakingTrading tournamentsReferral programWhiteBit codesSafetyTwo-factor Authentication (2FA)Anti-PhishingSupport ServiceAdvantages and disadvantagesAdvantagesDisadvantagesWhat is WhiteBit?WhiteBit is a cryptocurrency exchange founded in 2018. It is registered in Estonia and has a license from the European regulator. It offers trading in 137 pairs, both for fiat and cryptocurrencies, margin trading is also available.The platform's mission is to build a simple and secure platform that will expand the recognition and application of blockchain technology. According to the exchange, more than 300,000 users from 190 countries of the world are registered on the site.Verification on the WhiteBit exchange is not mandatory, however, without passing KYC, you can use the platform only in a limited mode. In particular, operations with fiat will be unavailable, and this is one of the significant advantages of the exchange.Read more: What is KYC & the registration procedure on the cryptocurrency exchangeExchange interfaceAt first glance, the interface of the WhiteBit exchange may seem complicated, but in fact, its initial development will take no more than a few minutes. In the header of the site there are links to the basic functions of the site:Trading is the main function of the platform, which allows you to earn money on speculation with the cryptocurrency exchange rate.There are four sections available in the tab:Basic - trading in the basic interface on the spot market;Spot - trading on the spot market in an advanced interface;Margin - trading with leverage;Exchange - the ability to quickly exchange one asset for another (the funds must be on the platform's account).Smart staking — earning on staking your deposit. Interest on investments is immediately credited to the exchange account.AML - a form for sending a verification request.  Cryptobazar is a p2p platform for buying and selling cryptocurrencies, it works on the principle of LocalBitcoins.Read more: P2P: where peer-to-peer networks are usedTournament  is a trading tournament in which you can win a prize pool in a certain token.DEX is a decentralized WhiteSwap bank that allows you to earn on liquidity, vote for decision-making and trade without KYC and centralization.Help — contact the support service and the F. A. Q., which contains answers to basic questions.More — additional functions that allow you to send a request for a token listing, find out information about the company, commissions on the platform, the user agreement, etc.Login — log in to a pre-created profile.Registration — registration of a new profile.The next window contains three important sections:KYC - description of the verification levels and the opportunities they provide;Margin trading - trading pairs for trading with leverage and a link to a direct transition to the interface;Bitcoin Global is a peer-to-peer platform for buying and selling cryptocurrencies.Next, the user sees a running line of quotes for popular trading pairs, just below are the latest posts from the exchange's blog, and then-the trading volume and changes for the most popular pairs:On the main page, you can also immediately download the exchange application for Android and iPhone via a QR code, an app store or a direct link:Despite the relatively short working time, the exchange has already managed to conclude cooperation with well-known companies and services, including CoinMarketCap, Cointelegraph, CoinGecko and others:WhiteBit has accounts in well-known media, which you can join and become part of the community.Registration on WhiteBitHow to register on WhiteBit:Go to the "Registration" tab.Enter your personal data to create an account.Confirm your account using the link from the email.Registration is completed.The first step is to go to the "Registration" tab on the main page of the site.Registration is very simple and requires the provision of standard information: email, a complex password, a referral link (optional). You must also agree to the terms of use and privacy policy, as well as confirm that you are not a resident of the countries from the specified list.After clicking on the "Register" button, the exchange will send an email about the successful creation of the account and will offer to click on the link to confirm it.After clicking on the link, the system will offer to notify you via emails about the completion of transactions - you need to click OK if this function is important to you.This completes the registration on WhiteBit and you can start trading.    Verification on WhiteBitHow to pass verification on the WhiteBit exchange:Go to the "Not verified" section.Fill in personal data.Upload a photo or a scan of an identity document.Upload a selfie.Please note that verification on WhiteBit is mandatory for working with fiat, without it, the limit for withdrawal only in cryptocurrency is 2 BTC per day, i.e. it will not work fully.Passing verification allows you to work on the fiat markets and increase the withdrawal limit to 100 BTC per day.To pass verification on WhiteBit, click on the profile icon in the upper-right corner and go to the "Not verified" section.  The verification process on WhiteBit consists of three stages:Information about the user.Uploading identity documents.Selfie.At the first stage, you need to specify personal data:Full name;Date of birth;Residential address.Please note that the user must be at least 18 years old.The next step is downloading identity documents. It can be:  Passport.ID card.Driver's license.The third and last stage of verification is uploading a selfie with a passport and a sheet of paper on which the current date and domain of the exchange.After sending all the data, the site will need some time for verification (according to the information on the official website from 1 hour to a day), the user will be notified about the completion of which via e-mail.Unlike many other exchanges, verification on WhiteBit is quite simple and does not require documents to confirm the address.  How to trade on WhiteBitHow to trade on WhiteBit:Choose the desired type of trading (spot or margin).Select the order type and select a trading pair.Set the amount.Wait for the order to be executed.Get a profit and repeat.To start trading on WhiteBit, you need to click on the "Trade" tab in the upper panel of the interface and select the desired type of trading (spot or margin).Trading interfaceLet's consider an example of the WhiteBit trading interface using the example of "Basic" trading, since the interface is designed specifically for beginners.  At the top of the page there is a chart of the selected cryptocurrency, which the developers implemented from the well-known trading service Tradingview. This is very convenient, since its functionality has a wide range of tools.The interface of spot trading is almost no different from the "Basic" one, the differences are in color, a more compact arrangement of windows and a simple switch to margin trading:Margin trading on WhiteBit    Only one leverage is available on WhiteBit for margin trading - x5, and transactions can be made with three pairs: BTC/USDT, ETH/USDT and ETH/BTC.The margin trading interface is located in the "Trade" - "Margin" tab.Please note that the "Margin x5" tab is selected, after which you can trade short or long.Cryptocurrencies and orders75 cryptocurrencies and 137 trading pairs are available on the WhiteBit exchange. Almost 900,000 users visit the exchange every week.Spot trading on WhiteBit is available in nine markets, four of which are spot markets:BTC;ETH;USDT;USDC;TUSDT;USD;EUR.Most of the trading volume (77.5%) is accounted for by only three pairs, with all three to the Tether stablecoin:BTC/USDT (46,44%);ETH/USDT (20,81%);BNB/USDT (10,26%).The system of orders on the exchange is suitable for both beginners and advanced users, as it includes not only a market and limit order, but also some other types that allow you to minimize losses:Market - a market order that allows you to perform operations with an asset (purchase/sale) at the price "at the moment". Such orders differ in 100% execution, but they do not allow you to predict the price movement, which is why a lost profit is possible;Limit - a limit order that allows you to set the desired price for buying/selling in advance. The order is executed only when the market price reaches the set level. The disadvantage is that the amount is immediately reserved and cannot be used for other operations;Stop-market - executed when the market price reaches the set level. The main purpose is to prevent losses in the event of sharp price fluctuations;Stop-limit - allows you to set a stop price and a limit price. The order is activated when the market price reaches the level of the set stop price and is executed when the set limit price is reached. It is also used to prevent losses in conditions of volatility;Conditional - they work on the same principle as stop-limit orders, with the only difference that the conditions (stop price and limit price) are set on a "guide pair", for example, BTC/USDT. This type of order is used when the volatility of one pair is tied to the behavior of a certain cryptocurrency (in most cases, bitcoin).Read more: What are Stablecoins and how do they differ from other cryptocurrenciesDeposit and withdrawal of fundsDepositing fundsHow to make a deposit to a WhiteBit account in cryptocurrency:Go to the "Balance" - "Spot" section.Choose the cryptocurrency/stablecoin that you need to deposit.Select a network (blockchain for translation).Check that the address is correct.Transfer cryptocurrency to the copied address or via a QR code.Please note that without passing verification (KYC), the limit for depositing and withdrawing funds is 2 BTC (the equivalent in any cryptocurrency) per day.First of all, you need to go to the "Balance" section and select the spot market. Then click "Top up" next to the cryptocurrency of interest.A window opens from which you need to copy the address to which you want to transfer funds, or immediately scan the QR code if the funds are sent from a mobile wallet. After processing the transaction, the funds will appear on the WhiteBit balance. Also note that there are minimum limits on the deposit of funds on the exchange. For bitcoin, it is, for example, 0.0005 BTC.When transferring stablecoins, for example, USDT, you additionally need to select a network.How to make a deposit to a WhiteBit account in fiat:Go to the section "Balance" - "Spot" - "Fiat".Select the fiat currency that you want to deposit.Select a payment system.Enter the amount.Click on "Request".Please note that for depositing funds in fiat currencies, verification is required.As in working with cryptocurrencies, you need to go to the "Balance" section and select the spot market, then click on the "Fiat" section. Next to the desired cryptocurrency, select "Top up". It is also possible to quickly deposit funds using a credit card.Next, a window will open in which you will need to select a payment system, enter the deposit amount and click on the "Request" button.After that, the system will automatically redirect you to the payment system page to complete the transfer. The funds are credited to the account within a few minutes.Withdrawal of fundsThe withdrawal of funds from WhiteBit is made in the same section as the deposit. it is important that the daily limit for the withdrawal of cryptocurrency is the equivalent of 2 BTC. Verification is mandatory for the withdrawal of fiat.    How to withdraw cryptocurrency from WhiteBit:Go to the "Balance" - "Spot" section.Select the cryptocurrency/stablecoin that you want to withdraw.Select a network (blockchain for translation).Enter the withdrawal address and the amount.Confirm the operation.Below is a detailed instruction on how to withdraw cryptocurrency from WhiteBit.First of all, you need to go to the "Balance" section and click on "Withdraw" opposite the desired cryptocurrency.Next, you need to select a network (if you withdraw stablecoins), enter the wallet address and the required amount. The final step is to confirm the withdrawal by clicking on the "Request for withdrawal of funds" button. After processing the transaction, the funds will be transferred to the user's address.How to withdraw fiat from WhiteBit:Go to the section "Balance" - "Spot" — "Fiat".Select the fiat currency to withdraw.Select a payment system.Enter your payment details.Enter the amount.Click on the "Withdrawal Request".After that, a withdrawal request form will appear on the screen, in which you need to select a payment system, enter payment data, specify the withdrawal amount and send a withdrawal request.The request for the withdrawal of fiat currencies lasts from 1 minute to an hour-it depends on the network load.CommissionsThe commission for the maker and taker on WhiteBit is 0.1% of the transaction amount.The exchange also notes that for some pairs it may be lower and its exact amount can be seen directly when making a transaction.When using borrowed funds for margin trading, the daily commission is 0.098% of the amount.Commissions for deposits and withdrawals depend on the type of assets. So, when depositing funds in cryptocurrency, there is no commission, when withdrawing it depends on a specific cryptocurrency. For example, for bitcoin, it is 0.0004 BTC, for Ethereum — 0.004 ETH.When withdrawing and depositing fiat funds, the commissions are on average higher and directly depend on the amount.We also advise you to look at the WhiteBit review and see in practice how trading takes place on this site:Additional featuresSMART stackingSMART staking is an additional WhiteBit feature that allows you to earn interest on deposits. The exchange offers several plans, which depend on the staking period, for different cryptocurrencies. According to the information on the website, you can earn up to 30% of the deposit amount in a year by simply storing funds on the balance.Trading tournamentsRegistered users can take part in trading tournaments that the exchange conducts in partnership with issuers of cryptocurrencies (mainly new tokens). As a reward, the winner receives a certain number of tokens, which, as a rule, do not have a high price yet, but in the future they can bring "X". The winner is selected based on trading volume data, and the leaderboard can be seen on the tournament page.  Referral programWhiteBit has a very attractive referral program that allows you to earn 40% of the transactions of each user who has registered using a referral link.The earned percentage of the commission is credited to the main balance for the past month at the beginning of the next month in the currency in which the referral made transactions.WhiteBit codesThe WhiteBit code is a tool that allows you to quickly and conveniently transfer funds from one exchange account to another. The creation is available from the main account. One code is used to transfer one cryptocurrency. In order to create a code, you need to go to the "Profile" - "Codes".    SafetyAccording to WhiteBit, the security of funds and the reliability of trading is the main priority of the exchange. More than 96% of assets are located on "cold" wallets, in addition, WAF technology has been introduced, which allows you to detect and instantly block an attempt of a hacker attack.    Two-factor Authentication (2FA)This option allows you to provide an additional level of protection for your account. Thus, even if someone knows the password from the profile, they will not be able to log in without an additional security code from the authentication application.  Setting up 2FA on WhiteBit, in addition to security, opens access to additional functions:Connecting API keys;Increasing the withdrawal limit.Anti-PhishingThe Anti-Phishing system allows you to protect your account from a phishing attack. The bottom line is that the user creates a phrase that is sent in each WhiteBit email. This allows you to be sure that the messages come from the official website, and not from scammers.You can configure Anti-Phishing in the "Security" section.      Support ServiceThe support service is available 24 hours a day and can communicate with users in seven languages (English, Chinese (Mandarin), Indonesian, Spanish, German, Russian and Korean).Advantages and disadvantagesAdvantagesThe WhiteBit exchange has very important advantages, and it should be noted that there are many more of them than there are minuses:Reliable storage of funds — according to the exchange, 96% of funds are stored on "cold wallets".Flexible interface — simple configuration allows you to adapt the interface for both beginners and advanced users. In addition, you can configure the interface for working with margin trading separately.Several levels of security — the account can be additionally protected with 2F authentication, anti-phishing attacks, as well as create a "white" list for withdrawals of funds.High platform performance — according to the developers, the platform processes 10,000 orders per second and supports 1,000,000 TCP connections.The ability to connect the API — the exchange can be used through trading bots and through platforms for automated trading.Low trading commissions — the commission for the maker and taker is 0.1% of the transaction amount, which is significantly lower than on popular exchanges.Trading to fiat - on WhiteBit, you can trade to fiat currencies, this option can be found only on several exchanges.Transparency of work — the exchange is officially registered through the Estonian regulator and has the appropriate licenses for conducting activities.Additional earnings — you can earn on WhiteBit not only on trading, but also on staking, which can become a passive income.DisadvantagesThere are few disadvantages of this site, but they still exist:The need to pass verification — to increase the withdrawal limits and to trade on the fiat markets, it is necessary to pass verification.Limited set of trading pairs for margin trading with leverage — with x5 leverage, you can only trade on three pairs (BTC/USDT, ETH/USDT, ...
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Who is Satoshi Nakamoto
We are considering the most interesting theories about who is hiding under a pseudonym-programmers, mathematicians, Elon Musk or even the American authorities.The main name in the crypto industry — Satoshi Nakamoto — is shrouded in a veil of secrets. The creator of bitcoin has never revealed his identity, which is why new theories about his real name appear with enviable regularity. For example, most recently, a senior Bloomberg analyst suggested that Nakamoto is actually a programmer Hal Finney, who died in 2014. So who is this mysterious Mr. Nakamoto? Let's consider the main theories and their consistency.ContentHow Satoshi Nakamoto appearedCalifornia trailWhat is Satoshi: Bitcoin for everyoneHow Satoshi Nakamoto appearedSatoshi Nakamoto is one of the most mysterious figures of the XXI century. No one really knows his real name. By the mid-2010s, he stopped participating in the development of cryptocurrency and has not appeared anywhere since. It is difficult to say for sure how many bitcoins Satoshi Nakamoto has — according to calculations, there are more than a million BTC on his wallet. Satoshi's fortune in dollars at the current exchange rate at the end of August 2021 is more than $49 billion.Most of the seekers of the real Satoshi Nakamoto are inclined to believe that this name is fictitious. According to various sources, either one person or a group of people can hide behind a pseudonym. One thing remains obvious — in 2009, thanks to the efforts of Satoshi Nakamoto, the world of finance changed. Naturally, almost immediately crypto enthusiasts began to figure out who actually signs this Japanese name.Nakamoto left the first clues-intentionally or unconsciously - on his own. A secret message is hidden in the initial transaction of the very first block of the system. There is nothing unusual about it, it's just part of the newspaper's headline: "The Times 03/Jan/2009 Chancellor of the Exchequer Alistair Darling is close to providing assistance to banks for the second time."But the Times is a British newspaper, and the article tells about purely British affairs. As a result, there was a theory about Satoshi - a Briton or a native of the former colonies. Indirect confirmations were also found in messages signed with a pseudonym — for example, in the source code of the bitcoin network or in posts. Satoshi used typical British English phrases — for example, bloody hard ("damn hard"). He called the apartment flat instead of apartment.Another confirmation was found when analyzing the time of Satoshi's activity on the bitcoin forum. After researching more than 500 posts, Swiss programmer Stefan Thomas came to the conclusion that the creator of bitcoin almost never posts in the period from 5:00 to 11:00 GMT. When translated to Japanese time, it turns out that Satoshi slept from 14:00 to 20:00. This is not very similar to a normal daily routine.It would seem that the case of Satoshi's origin is closed — he is clearly British, or perhaps he lives in the former colonies of the empire. But the search for a person under this pseudonym continues to this day, and no one knows an unambiguous answer to the question of who created bitcoin.There are quite a lot of theories about who is hiding under a pseudonym: over the past decade, various people have called themselves and others the "real" Satoshi Nakamoto. Let's consider the most interesting of the assumptions.California trailHal FinneyOne of the most well-founded theories about the real name of Nakamoto is that the pseudonym was signed by a California programmer and cryptography specialist from California, Hal Finney. He was at the origins of bitcoin and together with Satoshi updated the code. Moreover, the first transaction in the network in the amount of 50 BTC in 2009 came to his address.If you dig a little deeper, it turns out that Hal Finney also developed the proof-of-work system for the first time, which became the basis for many cryptocurrencies, including bitcoin. He was also one of the early crypto-enthusiasts, who were called "cipherpunks".Finney is almost an ideal candidate for the role of Nakamoto. At the same time, the programmer himself denied his connection with the creation of the first cryptocurrency, when he was asked by Forbes journalist Andy Greenberg in 2014. He was led to Finney's trail by a stylistic analysis of the programmer's writing style, which was conducted by specialists from Juola & Associates. His style was as similar as possible to the language of Nakamoto's posts.At that time, Finney was already paralyzed due to amyotrophic lateral sclerosis. And a few months later, the programmer died after a long illness. Therefore, even if he was Satoshi Nakamoto, he will no longer be able to confirm this.Another argument in favor of the theory appeared after Finney's death. In 1993, the programmer published a message in which he described the concept of NFT almost perfectly. He proposed to create unique digital collectible cards created using cryptography, which could be exchanged. After that, Eric Balchunas, a leading analyst at Bloomberg, wrote: "Of course, I'm not an expert on the issue, but from everything I've seen or read, Hal = Satoshi."Read more: What is NFT and why are they worth millions?Dorian Satoshi NakamotoFinney's trail was also prompted by the fact that a man whose real name was Satoshi Nakamoto lived next door to him. Dorian Satoshi Nakamoto. The incredible coincidence gave rise to two main theories: either Finney used the name of his neighbor when he created a pseudonym, or Dorian was really the same Satoshi.Dorian Satoshi Nakamoto is an American of Japanese descent. Dorian's brother, Arthur Nakamoto, in a conversation with Newsweek journalist Leah Goodman described him as an excellent physicist, a very smart and very focused person, and also a rare bastard. "He worked on secret projects. For a while, his life was completely empty. You won't be able to reach him. He will deny everything. He will never admit that he created bitcoin, " the physicist's brother added.One of the possible arguments in favor of the theory that Dorian is the creator of bitcoin was the life story of a physicist. He graduated from the California Polytechnic Institute, worked on secret projects of the Ministry of Defense, and also collaborated with information companies in the field of finance.Dorian himself, when Goodman came to his house, called the police. The staff who arrived at the scene allowed the journalist to ask Dorian questions. Then the physicist, according to Goodman herself, " tacitly acknowledged his role in the project." Answering the question, he said that he no longer has anything to do with bitcoin.After the article was published, Dorian wrote an official statement in which he completely denied his connection with the first cryptocurrency:"My name is Dorian Satoshi Nakamoto. I became the hero of a Newsweek article about bitcoin. I am writing this statement to clear my name. I did not create or invent bitcoin and did not work on it. I unequivocally deny the Newsweek report"Returning to the argument about the waking time of the real author of bitcoin, it is worth noting that the alleged dream of Satoshi Nakamoto, according to California time, lasted from 22:00 to 4:00.Nick SzaboEven before the creation of bitcoin began to be attributed to Finney and Dorian, there was an assumption that the real Satoshi Nakamoto could be programmer Nick Szabo. At the end of 2013, this assumption was put forward by the blogger Sky Gray.The connection between Sabo and bitcoin Gray was prompted by the similarity of the style that the programmer wrote with the texts of Nakamoto. "Either Nick wrote the bitcoin white paper, or it was written by someone imitating Nick's writing style," the blogger stated.The programmer's past also speaks in favor of the theory — in 1997 he first described smart contracts, and the next year he developed the concept of the digital currency Bit Gold (not related to Bitcoin Gold). The latter was never implemented, but HuffPost in 2015 called it the "forerunner of bitcoin".Sabo himself denies any connection with the creation of the first cryptocurrency. In a conversation with the author of the book "Bitcoin: the future of money?" Dominic Frisby, the programmer said that he had nothing to do with Satoshi Nakamoto.Steve WrightSteve Wright is an Australian scientist and businessman, the owner of the rights to the bitcoin white paper and the 0.1 version of the network, and, according to the head of Binance, Changpeng Zhao, "the shame of the crypto industry".In 2015, the journalists of Wired and Gizmodo called Wright a possible creator of bitcoin. But further investigation led the authors to doubt this conclusion — in a Wired article, Wright was described as follows:"he either invented bitcoin, or is a brilliant deceiver who very much wants us to believe that he did it."But Wright himself, unlike many other alleged Satoshi, happily jumped on the hype train. At first, he called himself the creator of bitcoin in conversations with the media and provided dubious evidence, but in 2019, Wright registered the rights to the white book and the first version of the bitcoin network.The businessman's representative called the latter fact "the first official recognition" that Wright is Satoshi. However, the US Copyright Office itself issued a clarification, in which it noted that the tasks of the department do not include checking the connection of a person with a pseudonym.Elon MuskIn 2017, a former intern of the billionaire-owned SpaceX, Sahil Gupta, wrote a post on Medium, in which he offered his answer to the question of who Satoshi Nakamoto is. In his opinion, the pseudonym Satoshi Nakamoto hides none other than the most influential fan of Dogecoin.To confirm his point of view, Gupta cited Musk's extensive experience in fintech as an example — after all, the billionaire was at the origins of the PayPal payment service. In addition, Musk once founded the IT company Zip2, which means that he also has development experience.We would like to add that the billionaire was born and raised in South Africa, which was once a colony of Great Britain. It is not known how often he uses (and whether he uses at all) words and phrases characteristic of British English in his speech.However, Musk himself, like many who were credited with the role of Nakamoto, denies his connection with the creation of bitcoin. After Gupta's post was spread by the world media, the billionaire tweeted that this information was not true.In addition to Musk, there were other contenders for the Satoshi Nakamoto fortune. Among them are Finnish economist Willy Lehdonvirta, Irish cryptospecialist Michael Clear, Neil King, Charles Bry, Vladimir Oxman, Japanese mathematician Shinichi Mochizuki. All of them denied any connection with the creation of the first cryptocurrency. More exotic versions say that the American authorities or even the programmer and drug dealer Paul de Roux are hiding behind the pseudonym.What is Satoshi: Bitcoin for everyoneWhatever the fate of the real creator of bitcoin, the name of Satoshi Nakamoto remained immortalized in the very network of the first cryptocurrency.Even at the dawn of the appearance of bitcoin, its authors provided for the possibility of crushing coins, which became especially relevant with the growth of the exchange rate. You can keep at least 0.00000001 BTC at home. This minimum unit is called "Satoshi".Thus, thanks to Satoshi, everyone can invest their funds in bitcoins, not only the owners of large sums.Read more: What is Satoshi - explanation in simple ...
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Mining on the phone: is it really possible to mine cryptocurrency like this
We tell you what an attempt to mine bitcoin on a smartphone threatens you withUsually, when it comes to mining equipment, we mean incredibly powerful computers worth several thousand dollars. But you can even mine cryptocurrency on a smartphone. In this article, we will tell you how to mine on the phone, and whether it is worth doing it at all.We should immediately note that officially neither Google nor Apple allow cryptocurrency mining on their smartphones or (in the case of Google) on devices that run Android OS.ContentWhy Apple and Google oppose miningSmartphone for miningIs it worth mining on the phoneWhy Apple and Google oppose miningApple and Google introduced a ban on mining on phones in 2018 with a difference of a month - Apple in June, and Google in August. This was explained not only by the potential damage that mining applications can cause to the device, but also by a large number of malicious applications that masqueraded as mining programs.So, the AppStore rules directly state that applications should not "quickly drain the battery, excessively overheat the device and create an excessive load on the device's resources."At the same time, both companies note that cryptocurrency mining is allowed if the process itself takes place not on the device, but outside it – that is, in the "cloud". For example, in Google Play, you can find applications like MinerGate Control, which allows you to monitor the mining process.In the case of Android, you can try to search for a mining program on your phone on the Internet and then download it bypassing the app store, but there is a high probability that you just install malicious software for yourself.Moreover, there is a possibility that after installing such an application, hackers will use the power of your phone, connected to a network with other phones, to extract cryptocurrency "at your expense".Be careful, you can come across a malicious program posing as an application for cloud mining of cryptocurrency on your phone even in official app stores.Read more: Cloud mining: where to start and how not to become a victim of fraudSo, according to Trend Micro, they found several applications in Google Play that masqueraded as programs for cloud mining on the phone. In fact, the malware offered to pay for a higher mining speed, which the user, of course, did not receive.But even if applications for mining on phones were not banned, it is unlikely that they would make much sense now.Smartphone for miningIn the fall of 2019, HTC introduced the "cryptosmartphone" Exodus 1S, which, in fact, was a crypto wallet that allows you to store virtual currency on the device.In the spring of 2020, it was announced that Exodus 1S will have its own application for mining the Monero cryptocurrency. Everything would be fine, but, as journalists later calculated, it would take a year for the device to mine cryptocurrencies for $1, and 500 years to return the cost of the device (about $700).Of course, it can be noted here that the Exodus 1S did not have any outstanding technical characteristics. But even smartphones running on one of the most powerful Snapdragon 888 mobile processors at the moment will be many times inferior in performance to even the most top-end computers.Read more: Exodus crypto Wallet - reviews, how to deposit & withdrawIs it worth mining on the phoneIt is important to remember that the whole point of the mining process is to solve a complex mathematical problem and get a reward in the form of cryptocurrency. The more resources your device spends on solving a problem, the greater the reward will be if the problem can be solved. Given that even the most powerful smartphone has disproportionately less power than a top-end PC, then your reward for solving the problem will in any case be much, much less.At the same time, the probability that your smartphone for 80 thousand rubles will safely "die" from the load is extremely high. As a result, we can quote the creator of Ethereum Vitalik Buterin:"Mining on phones is a game for fools. It goes against everything we know about the scale effect, and it will give the user false hope rather than help ...
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How to make money in 2021: the 17 most profitable ways
The Internet is a place where you can earn quite decent amounts nowadays. Almost everyone who actively uses the Internet, sooner or later begins to be interested in the topic of making money. At the same time, some people need an additional source of income. Others - more profitable options that will allow them to leave offline work, while maintaining the usual level of prosperity. Well, someone is even thinking about changing their life by organizing their own business on the Internet.Fortunately, there are now a lot of ways to make money on the web, among which you can always find options that are most suitable for your goals and requests. Some of them are available to almost everyone, for others you need certain skills, and in some cases you will also need start-up capital.How to make moneyHow to make money on the Internet for beginnersEarning on clicksCryptocurrency faucetsEarning on online surveysParticipation in airdrops and bountiesBooklets and micro-task exchangesAdministration of groups in social networks and messengersEarning money on your own websiteResale of websites and domainsSale of photo and video contentHow to make money on a YouTube channelEarning money on freelancingProviding SEO servicesEarnings on SMO and SMMTargetingBusiness as earning moneyIncome from the online storeSale of information productsEarning money on online coursesEarning money on investingHow to make moneyDetermine the size of the desired income.Choose the direction of earnings.Acquire the necessary skills (or improve existing ones).To establish the flow of customers (customers).Perform the assumed duties and receive the payment due.But in fact, of course, everything is not so simple. At least you will have to spend time and effort on each of the listed stages. As a maximum - also money.With the first step, in principle, everything is clear: you need to decide exactly what you want from earning money - for example, a small part-time job on the Internet, an average salary or a consistently profitable business. Depending on the desired level of income, as well as on the amount of time that you are ready to devote to earning money, you need to choose the ways of earning (we will describe their varieties below) that are most suitable for the existing criteria.If it turns out that there are not enough skills or they are not sufficiently developed to earn money in the chosen direction, you will have to work on them - take courses, read literature, watch thematic videos, etc.It is also advisable to pay attention to your existing predispositions.If you are a creative person and have never liked mathematics, you probably should not choose a freelance profession in the field of programming to earn money online. It is better, for example, to pay attention to web design or copywriting.When the necessary knowledge is obtained, you can finally start directly earning money.How to make money on the Internet for beginnersYou can earn money on the Internet in a variety of ways, which differ in the level of complexity and profitability. The simplest options are available to absolutely everyone — for example, receiving payment for viewing ads, clicks, likes, reposts, etc. Also, everyone can earn money from online surveys or by completing tasks on micro-task exchanges. However, in this case, the income level will be quite low.More complex options, such as freelancing or earning money from your own website or YouTube channel, require the above-mentioned pumping skills and considerable time costs. But on the other hand, it is quite possible to earn money for a living.If we are not talking about earning money from scratch, but about getting income from investments, you need to decide how much money you can invest and what kind of profitability you would like to have. Based on this data, you can start choosing the investment direction. Stocks, mutual funds, real estate, cryptocurrencies and even hypes - investments in any of these categories and many others can bring both fabulous profits and serious losses. Therefore, you need to carefully study each option and weigh all the risks.Read more: How to invest in stocks and what you need to knowBut more on this later, but first, let's look at the most elementary ways to generate income on the Internet, available to everyone.Earnings on clicksThe simplest category of earning money, which has existed almost since the birth of the Internet, is getting money for clicks. Such work is offered by many sites and anyone can do it. All you need is a computer or a smartphone with Internet access.Tasks for earning money can be very different-from simple clicks on advertising banners/links and likes/reposts in social networks to more complex actions like web surfing (navigating through the pages of the site according to the specified scheme).Usually all the work is done through browsers, but there may also be individual applications, for example, showing ads, the viewing of which is counted after a click.A significant disadvantage of this type of earning money is that the payment for such actions is usually quite low. Even if you spend a whole day on clicks, it is unlikely that you will be able to earn more than pocket money.Cryptocurrency faucetsAnother simplest way to make money on the Internet is through faucet sites. You can receive cryptocurrency for free on them for visiting or performing simple actions like pressing a button at set intervals.The coins collected in this way can be withdrawn and exchanged for real money. The catch is that it was possible to earn a serious amount with the help of cranes only at the dawn of the birth of cryptocurrencies.Now, only small pieces of cryptocurrency are paid for each click, for example, 10 Satoshi (0.00000010 BTC). That is, to get at least $1, you will have to click on the button in the tap 1000 times. Moreover, it is usually allowed to do this no more than 1 time per hour.Therefore, as a way to get a permanent income, cranes are not particularly suitable, but they can be considered to earn their first money on the network. In addition, most cranes have all sorts of lotteries built in, participating in which you can win more serious amounts.Read more: Listing of securities on the stock exchangeEarning on online surveysThere are quite a lot of sites on the Internet now that offer their users payment for passing surveys.An important advantage of this type of earning money is accessibility to absolutely everyone, since no special skills are required, except the ability to interact with web resources.As a rule, we are talking about marketing research, on the basis of which data is collected on the demand for goods/services of certain categories and brands. There are also surveys aimed at studying social attitudes in society.We can not say that this is a very profitable way of making money, since no more than$ 1 is usually paid for each survey, and their number per month on one site usually does not exceed several dozen. But for such purposes as replenishing a mobile phone account, it is quite possible to earn money.Although if you register at once in many services with Internet surveys and put their passage on the stream, in total it can become a source of quite acceptable earnings of money.Participation in airdrops and bountiesA little more, compared to cranes, you can earn by participating in airdrops and bounty campaigns of cryptocurrency projects. In this case, users perform a number of tasks aimed at popularizing the project, and in return receive a reward in the form of its tokens.In airdrops, most often we are talking about subscriptions, likes and reposts in social networks, joining Telegram channels and chats, publishing posts and comments about the project and other actions that, in principle, do not take very much time to complete. In addition, a referral program is often offered - receiving additional rewards in project tokens for inviting other users.In bounty campaigns, tasks are more difficult - for example, writing and publishing full-fledged articles, as well as creating graphic and video content. However, the rewards in bounties are often an order of magnitude higher than in airdrops.The main problem when choosing this method of earning is the search for really promising projects. Because if you participate in everything in a row, you will simply spend time promoting fraudulent projects that will not pay anything in the end.In addition, even if you get coins for your work, it is not always possible to immediately exchange them for real money. Usually you have to wait until the project token is added to some exchange where it can be sold.And even in this case, you can expect an unpleasant surprise - at the airdrop or bounty stage, the approximate cost of tokens in dollars is usually indicated, which you expect when completing tasks. But in the end, after listing on the stock exchange, the coin's exchange rate may be ten times lower than initially stated. As a result, the reward seems to be present, but the sediment on the soul remains unpleasant.And even in this case, you can expect an unpleasant surprise - at the airdrop or bounty stage, the approximate cost of tokens in dollars is usually indicated, which you expect when completing tasks. But in the end, after listing on the stock exchange, the coin's exchange rate may be ten times lower than initially stated. As a result, the reward seems to be present, but the sediment on the soul remains unpleasant.Nevertheless, if you learn to analyze projects that distribute tokens through airdrops and bounties in order to choose only really promising options, it is quite possible to earn several hundred dollars a month on this.Read more: What is an airdrop of cryptocurrencies - is the game worth the candleBooklets and micro-task exchangesAmong those who are looking for earning money on the Internet, sites that are called micro-task exchanges or booklets are very popular. On such sites, some users post tasks, and others perform them, receiving remuneration for this.Moreover, you can find work there for every taste-from simple tasks for clicks, subscriptions, likes, reposts, comments to more complex ones like registering on websites, installing applications and passing identity verification on exchanges. In fact, all the above-mentioned ways of earning are concentrated on the bookshelves.The level of earnings for completing tasks on such sites will directly depend on their complexity, the time spent on them and your skills. If you only deal with clicks, likes and other actions that do not require much effort, you can only earn pocket money.Administration of groups in social networks and messengersQuite an interesting way to make money. It involves taking on the responsibilities of managing groups in social networks or in messengers like Telegram or Viber.At the same time, you will most often be responsible for publishing posts, maintaining activity (for example, holding contests), monitoring the implementation of the group's rules by the participants, punishing violators (for spam, obscene language) , etc.A clear plus of this type of earning money is suitable for almost everyone who has accounts in social networks/messengers, free time and Internet access. The maximum that may be required is to watch several videos on the topic in YouTube in order to understand in general terms what will need to be done. Otherwise, all your duties will need to be clarified in direct communication with the employer.You can find relevant vacancies both on sites with ads for remote work, and in similar groups/channels in social networks and messengers. The amount of money earned, of course, will be influenced by the presence of work experience. Therefore, to begin with, if someone of your friends has their own group or chat, it would be nice to agree with them about passing a kind of internship as an administrator.Earning money on your own websiteEarning income from your website is one of the oldest types of earning money on the Internet. Today, a lot of activities can bring money to the site owner, from advertising to providing services and selling goods.The main thing is that the resource has a stable flow of visitors and a good rating in search engines. To do this, you need to create a website, choose its theme, fill it with high-quality content and optimize it from the point of view of SEO. Fortunately, to create web resources today, it is not necessary to have html programming skills, since there are many designers and platforms that allow you to quickly and easily build your own website from templates.What direction should I choose for my web resource? Everything will depend on your skills, interests and goals. For example, it can be a blog where you will share your own experience about what you are well versed in (tourism, personal growth, music, cinema, etc.).At first, of course, you will need to work hard on filling the site and attracting visitors. But on the other hand, having received a certain audience of readers, it will be possible to safely post ads on the pages of the site, please visitors with new articles and receive, in fact, passive income.  Depending on the chosen advertising service, payment can be received for readers' clicks on ads placed on the blog pages or for viewing them (or both options at once). The most popular option is a Google AdSense. Direct. However, in order to earn serious amounts through them, the number of site visitors should be measured in tens of thousands.Therefore, you can search for less popular systems that pay more, or sell space for banners directly to those who need advertising.You can also earn money on your website by placing paid links to other web resources in articles. If his rating in search engines is high enough, there will be plenty of people who want to increase their SEO indicators in this way. To search for customers, you can enter it in various directories of sites, as well as register on exchanges for the sale of links (for example, Gogetlinks).Another option is to earn money on affiliate links. To do this, you will need to register in services that pay for attracting new customers and place the received referral link (or banner) on the pages of your site. These can be various partner systems that pay interest on the sale of goods/services, or, for example, cryptocurrency exchanges and binary options brokers that pay a share of their income from attracted visitors.About such ways of earning money on the site, such as creating an online store or selling information products, will be described in a separate section about Internet business.Resale of websites and domainsA site with a good rating in search engines, a stable flow of visitors, a customized scheme for making money from advertising and other indicators can always be sold, having earned a considerable amount of money. However, if we are talking about selling our own resource, the profit will be one-time. After all, it takes too much time to create and promote a new site to put such a method of generating income on stream.Resale of sites is more suitable for regular earnings. In this case, you do not need to spend time creating and promoting a web resource, but you will need to invest your own funds. For example, you can find undervalued sites, buy them inexpensively, work to improve their performance, and then sell them at a completely different price.Well, or you can just engage in direct speculation, buying websites and immediately putting them up for sale for an increased amount of 5-10%.Similar manipulations to extract profit are also performed with domain names. For example, you can buy domains in different zones that are consonant with the names of commercially successful companies, and then offer them to buy them from you.To conduct such operations with sites and domains, specialized platforms are used that provide the necessary tools for conducting transactions and act as their guarantor. One of the most popular services of this type is Telderi.Sale of photo and video contentThere is an opportunity to earn money on the Internet for those who have a passion for photo and video shooting. We are talking about web services (stocks) that act as intermediaries between those who create content and those who are ready to buy it.Usually they charge a certain fee for their services, but its size is completely covered by the opportunity to profitably sell their photos and videos to a huge number of users of the service.By the way, artists who create their masterpieces, for example, in Photoshop, can also earn similarly. The graphics created in this way are also in pretty good demand among visitors to photo stocks.How to make money on a YouTube channelIt's no secret that the owners of popular YouTube channels earn very good money. The competition on this site is now, of course, off the scale, however, if you can offer its visitors high-quality content, you will be adequately rewarded.The first thing you need to decide on the topic — educational and entertainment channels are always particularly popular.A good audience is gathered by high-quality videos on the topic of online earnings, cryptocurrency and all kinds of life hacks.Also, to create video content that attracts an audience, you will need a good camera and microphone, some editing skills, the ability to write scripts and at least some acting skills.An alternative to posting prepared videos can be conducting streams, for example, gaming. In this case, you will need a powerful PC, experience in computer games and the ability to comment on your actions in a fascinating way.The main advantage of earning money on your own channel is the ability to receive money from several sources at once. Firstly, you will receive payment directly from YouTube (for displaying advertisements in your videos), and secondly-if you have a sufficient number of subscribers, various companies can directly order advertising of their brands from you, in addition, you can earn extra money on donates when conducting streams.Earning money on freelancingOne of the most common ways to earn money on the Internet is freelance. It is based on the temporary provision of remote services on the terms agreed with the customer. A special charm of freelancing is independence, since you can work at any time convenient for you and independently adjust your salary by changing the number of orders taken to work.Most of them are freelancers in such areas as programming, design, copywriting and translations. If you already have skills in these or any other areas, it remains for a small matter — to find a customer.The easiest way is to search for freelancers on exchanges, for example, on Upwork.Although they will take a small commission for their services, but the chances of finding high-paying orders on your topic will be much higher than when searching independently on thematic forums, social networks or Telegram chats. In addition, such sites act as guarantors in the work of freelancers with customers, that is, there should be no problems with paying for adequately performed work.On freelance exchanges, there are always a lot of orders available for execution in many industries, but if you want, you can also publish your own proposals for the provision of services. But before you try to take the first order, you should fill out your profile, not forgetting to describe in detail the skills, prices for services and portfolio (examples of previous completed works).If you do not have any special skills suitable for remote work at the moment, you will have to go through the training stage.Freelancing in the field of programming and web design is, of course, more attractive, since it is the highest paid, but it can take quite a lot of time and money to get the necessary skills in these areas.Therefore, if you set a goal to start earning online as soon as possible, the first thing you should pay attention to is copywriting (writing texts). In this case, to get the initial skills, it will be enough to take thematic online courses or even do without watching videos on YouTube. After that, after a little practice, you can go for the first orders on exchanges.Also, freelancing can include SEO, SMM and SMO promotion services, but due to the specifics of these areas, it is better to allocate them into separate subcategories of this type of earnings.Providing SEO servicesA fairly popular direction in Internet earnings is the provision of services for optimizing websites for search engine promotion. Of course, to do this, you will first have to thoroughly study the topic of SEO.You can do this either independently with the help of materials from the network, or by taking courses. The first option is usually free, but long, the second is paid, but fast.After studying the theory, it is desirable to try out the acquired skills in practice, ideally by promoting your own website created from scratch in search engines. But you can also take someone's web resource to work for a symbolic price or for free, warning its owner that this will be a kind of internship.If you can bring the site to the TOP for at least several search queries, you can start searching for customers. The easiest way is to register on the freelance exchange (for example, Upwork) and place your ad there. At first, the payment is likely to be low, since its level depends on the performer's rating on the site and whether he has a portfolio of previous objects. At the same time, the exchange will take some part of your earnings as a commission.Or you can directly search for potential customers on various forums on the topic of SEO optimization, as well as in groups in social networks and chats in messengers.Earnings on SMO and SMMThese types of earning money online are a little similar to the previous one. The only difference is that the promotion is carried out not in search engines, but in social networks.In the case of SMM, we are talking about the promotion of groups and pages of companies and brands in social networks. In turn, SMO specialists are engaged in optimizing sites for attracting visitors from social networks (for example, placing buttons and widgets for subscriptions, likes, reposts, etc.).As in the case of SEO, first you will have to learn these specialties that are quite popular in our time. Then you need to hone the acquired skills in practice. And only after that, you can start searching for customers (through the same channels — on exchanges, forums, in social networks, etc.).TargetingInstagram Facebook is currently in particular demand for the services of experienced targetologists, that is, those who are engaged in setting up advertising on social networks, in particular on Facebook and Instagram. The thing is that advertising in these social networks is much cheaper than contextual advertising and at the same time has excellent conversion rates. At the same time, it is very difficult to independently understand the setup of advertising cabinets and learn how to create really effective campaigns.Therefore, most of those who want to advertise their business through Facebook and Instagram hire targeting specialists, which, by the way, there is still a significant shortage.After completing the study of this profession, you will have to practice for some time on free clients, but in the end, after 1-2 months, it is quite possible to start receiving the first serious amounts for setting up advertising cabinets.Moreover, unlike many other types of online earnings, you will not have problems finding customers.It is enough to leave a few customers satisfied and the fame that you are a good targetologist will instantly spread across social networks.Business as earning moneyOne of the most difficult types of earnings on the Internet is the organization of your own business. Most often, we are talking about creating a website through which you will sell something — goods, services, courses, etc.Of course, it is quite difficult to start your own business in an online format. This will require not only an idea, but also a calculation of all the stages of creating a business, as well as the costs of their implementation. Also, when choosing a market segment that will include your business, you need to calculate the level of competition and potential income. These steps will require the services of different types of specialists.Some, of course, manage to create a business from scratch and come to success. But such cases are quite rare. In addition, if you do everything yourself, this process can take a long time. Plus, at many stages, you most likely will not have enough knowledge. Therefore, if there is an opportunity, it is better to hire those who will help in website development, market analysis, content filling, SEO promotion, etc.Let's consider three main options for organizing a business on the Internet.Income from the online storeDespite the fact that the e-commerce niche has existed for a long time and is very popular, it is never too late to create your own online store. The main thing at the same time is to choose a promising direction of activity. At the moment, the easiest way to develop your business is by doing:Direct resale of goods purchased from foreign suppliers, including from AliExpress, Joom and similar services.Creating your own brand and repacking niche products purchased from local manufacturers, for example, wallets, car seat covers or clothing. In this case, for prestige, it will be desirable to work through a personal website.Dropshipping, that is, the sale of goods, in which you are responsible only for finding a buyer, and the delivery is organized by the direct manufacturer. In this case, you will not need to think about the storage, packaging and shipping of goods, and the entire business will work exclusively online.The latter option is now particularly popular, since a whole chain of time and financial costs is excluded.Sale of information productsThis branch of earning money is called infobusiness, because it is not about selling goods, but information. To be bought, it must be fascinating, unique and solve some problems.Most often, information is sold in the form of e-books or videos. But this is already the final product for which you need to find a buyer. But to get it, you need to organize the creation of content for which people are willing to pay money.In fact, you need to write instructions for solving a problem and then convert it into a video or a book. If you have any unique knowledge or skills, you can do it yourself. Otherwise, you need to do rewriting — find useful materials on the web and rewrite them in your own words. Ideally, you need to hire someone for this.To organize an infobusiness, it is best to choose already proven, popular topics, for example-health, life hacks, earnings without investments, family and home, repairs, parenting, self-improvement, psychology, etc.In order for the created information product to be well bought, it should contain as little complicated terminology and dry theory as possible. Instead, there should be a squeeze of utilities on the chosen topic with illustrative examples. In addition, in order to increase your credibility in the eyes of buyers of information products, it is worth mentioning that you have all sorts of diplomas, certificates and diplomas from conferences on the described topic (ideally, you should have them).Earning money on online coursesAnother type of knowledge sale is the organization of online courses. In this case, you can not do just retelling the information found on the network. To organize a profitable business, you will really have to become an expert in any industry. Of course, you can sell courses in the video format, as described above, but tickets for events organized in the form of "live" online lectures and master classes are sold much better.As in the case of infobusiness, in order to make good money on courses, you need to choose a niche, the solution of problems in which is a very popular request of Internet users. This can be the psychology of the relationship between a man and a woman, the proper upbringing of a child, creating your own business, SEO, SMM, SMO and many other areas.Earning money on investingOne of the most difficult ways to earn money on the Internet is investing. The subject of investing money can be shares and bonds of companies, cryptocurrencies, indices, ETFs, futures and many other assets that can be bought and sold through exchanges or brokerage services.The principle of making a profit in this case is no different from commodity speculation - you will need to buy at a low price and sell at a high price (except for margin trading, where the opposite direction of transactions is possible). The only difference is that all operations are organized through online tools, and the price of assets is constantly changing under the influence of many market factors.The result of investing can be both profit and loss. Therefore, in order to increase the probability of the first option, it is necessary to acquire appropriate knowledge, in particular in the field of technical and fundamental analysis.Currently, most investors most often focus on trading Forex assets or transactions with cryptocurrencies. Moreover, the latter option is becoming increasingly popular, in particular due to the ease of access for newcomers to exchanges and the increased volatility of cryptocurrencies, which makes it possible to obtain large profits in a short time (as well as losses).Also, in addition to direct trading of cryptocurrencies on exchanges, you can choose alternative options. For example, investing in tokens of new blockchain projects during their IEO or ICO campaigns. If you choose a really promising project, you can hope for several hundred or even thousands of percent of the profit. However, the risk of receiving a similar loss is also always present. Therefore, it is worth entering this area of investment only after a thorough acquaintance with the crypto market.As you can see, there are plenty of opportunities to make money. Everything depends only on your interests, the availability of free time, knowledge in certain industries and, in fact, the desire to study any direction of earnings.Read more: What is an ...
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Blockchain industry: main trends and key beneficiaries
Blockchain technologies are penetrating our lives, increasing efficiency in various sectors - from games to financial solutions. According to forecasts, the number of users of these solutions will reach 1 billion by 2024, outstripping the growth rate of the Internet at an early stage of its development.Who will benefit from this? And will these companies become future Internet giants?Blockchain is the new Internet of the futureWe live in an interesting time, we see how the cryptocurrency market is developing, what is happening with bitcoin - all this continues to arouse interest among both investors and ordinary people. For example, at the end of October, a landmark event took place — the first bitcoin futures ETF was launched in the United States. The importance of this event lies in changing the attitude of the regulator to the topic of cryptocurrencies: after the adoption and approval of such instruments, it seems to us, a faster institutional implementation and application of the cryptocurrency market will begin. Institutional money has been looking at this market for a long time, but there were no tools that would allow it to be done.We would like to highlight what is developing in the shadow of the cryptocurrency market: the emergence of a large number of infrastructure companies, which, in fact, will be the main beneficiaries of the development of this market.Let's turn to the example of the development of the Internet industry. The Internet was launched in 1984 - and it is unlikely that at that time people imagined how much their lives would change in connection with this introduction. Thanks to the development of technology, the world has become much more connected, information flows have become instantaneous. The development of Internet networks has led to the emergence of such giants as Amazon and Netflix, which for decades have invested money in infrastructure development, in the development of the user base. Now we see that such companies are the main beneficiaries of the emergence of a new market.Why is this important? If you look at the 1980s, at the market capitalization, then the companies that were in the top were very different from those that we see now. Perhaps we should pay attention to what is currently happening with the introduction of blockchain technology in order to understand how the market will change in 5-10 years and which companies can become the main beneficiaries of this development.The introduction of blockchain follows similar trajectories, but at the same time it is ahead of the development of the Internet: the number of users of this technology has already exceeded 100 million. According to expectations, this figure may exceed 1 billion in 2024, and approach 4 billion by 2030. This means that products based on this technology are becoming mainstream. After some time, the use of these technologies will become as routine as, for example, reading news on a smartphone.Read more: Blockchain technology: how it works and where it is usedThe introduction of blockchain technologies, it seems to us, will happen faster than the introduction of the Internet. This is primarily due to the fact that the Internet required the construction of networks, and this is a rather long and capital-intensive process. What is happening in the blockchain segment is largely based on what has already been done on the Internet — these are the basic things that will serve to quickly popularize the technology.The rapid influx of capital into various segments of this market only confirms the fact that the development of blockchain technologies will be rapid. If we look at one of the main market segments - DeFi (the segment of decentralized finance), we see that the amount of capital that was in this segment a year ago was small - several billion dollars. Today, the volume of this industry is more than $ 200 billion: literally in a year there was a huge flow of capital, as products appeared in demand on the market. The movement of capital, the scaling of projects is faster, because there is no need for such an expensive development, as was the case with the Internet.I would like to highlight three key driving forces that we are currently seeing in the industry. The first, as we have already noted, is institutional adoption. The other two are the DeFi and NFT sectors.What is DeFi?Centralized finance is what we use every day: the banking sector, exchanges, depositories, clearing houses. But if we look at the traditional exchange, we will see that the connection of the buyer and seller occurs through many intermediaries: this is clearing, the exchange itself, the depository, everyone has to do their part of the work. All these processes are very time-stretched.How could we implement this on blockchain technology? There is also a buyer and a seller here, but only the program code connects them, which ensures that everyone gets what they wanted. Blockchain is an open and transparent technology, therefore, trust in the system and independence are increasing (we are removing intermediaries). The speed also increases, because there is no need to conduct as many transactions as in a centralized system.The blockchain network already has analogues of banks, decentralized products based on derivatives, and products that help in asset management. That is, we see a copy of what is in the centralized financial system, but with the advantage that the industry receives using blockchain technology.Read more: What is decentralized finance DeFi?What is NFT?NFT (Non-Fungible Tokens) is a cryptocurrency token, indivisible and unique in nature, which allows you to assign uniqueness to digital objects. If in the past the main value of an art object was an expert assessment of the originality and signature of the author, then how to consolidate the value and authorship of an object created in digital format? After all, a digital copy is much easier to make.Here the NFT technology comes to our aid. First we create a digital object, and then we create an NFT token and bind it to the object. Thus, we say that the one who has the token owns the original, and if I want to transfer ownership of the object, then I transfer the token.This technology is also used in the gaming industry: the NFT token gives the player full ownership of game items, as well as the opportunity to influence the decisions of the company, which translates into a better understanding of the needs of the audience.When blockchain is introduced into the gaming industry, it changes the rules of the game. First of all, we can turn an item in the game into an NFT token, that is, into a record in the blockchain, which we can then use outside the game. For example, I played a game, got a token, and now I can go to the site outside the game and sell it.That is, firstly, we transfer the value in the game to the player himself, and secondly, the investor and the player are united into one entity. If we look at the game in the blockchain, we will see that the token that represents the value of this game is also used in the game itself. And it is also an investment tool in order to get exposure in the profits of this game. It turns out that the player has the right to vote on where the game will develop in the future.Let's look at these three points (institutional adoption, DeFi and NFT) with concrete examples.How does institutional adoption happen, and what kind of infrastructure is being built at this moment?As you remember, until 2018 (when bitcoin soared to $ 20 thousand), the main players in the market were either retail investors or small funds. After 2018, many major players began to enter the market, and its institutional adoption appeared. But due to the lack of infrastructure that would help large capital enter such an unstable market, there were problems of insufficient liquidity, opacity of where it is safe to buy cryptocurrency. In the future, these moments began to develop very rapidly.Consider, for example, the question that a large investor faces: where to buy, sell and safely store cryptocurrency? One of the leaders of this market is Paxos, a platform that allows you to safely carry out asset purchase and sale transactions, cooperates with key payment systems (Interactive Brokers, PayPal, Bank of America), many of which are also Paxos investors. We see that with the increasing adoption of this technology, the volume of transactions is also growing.The next task that the investor faces is where to safely store cryptocurrency. This issue is especially important because, unlike the assets of the traditional financial sector, the loss of access to an asset in the blockchain is an irrevocable process. Therefore, now there are companies that are focused on safely storing bitcoin and other cryptocurrencies. Key investors - Sequoia Capital, Ribbit Capital, Stripe, who have proven themselves successful deals, are starting to invest in companies of this kind.Since 2019, the share of the custodial segment (cryptocurrency storage) it has grown from 3% to more than 10%. This suggests that institutional players are coming to the market and making it less volatile and more transparent.Finally, the third issue facing the investor is the payment of taxes. In the cryptocurrency industry, it is significantly complicated by the fact that there is a possibility of cross-buying / selling: if we take cryptocurrency A, we can safely switch to cryptocurrency B, bypassing the cache. Or, for example, to become a liquidity provider, again, without going into the cash. The need to calculate the tax base has led to the emergence of companies that help solve the problem of administering a complex system of taxation of transactions with cryptocurrencies.Read more: What is NFT and why are they worth millions?Leading companies in the NFT and DeFi sectorsAs we have already said, NFT technology allows you to secure ownership rights for the creator of a creative object. The question often arises how to transfer this NFT token. As a result, certain marketplaces appear that allow such transactions to be carried out. The leader at the moment is OpenSea - the largest NFT trading platform with more than 300 thousand users and a total trading volume of $4 billion.The revenue that this site received in the last quarter amounted to about $409 million. This is a cosmic sum for a company that was estimated at $1.5 billion in the last round of financing this summer alone.And here is an example of a company from the DeFi sector. Recall that this technology does not create something radically new, but rather modernizes an existing one. When we talk about products - analogues of banks, exchanges - then all these products are built on some kind of blockchain platform. The leader among them is Ethereum: it occupies approximately 66% of the market. When we say that everything is expanding, we understand that the Ethereum network is becoming overloaded, processes are slowing down, and transaction fees are increasing. How can this be accelerated? There are companies such as Offchain Labs, a leader in accelerating and reducing the cost of transactions inside the largest blockchain platform of the Ethereum system. There are quite a lot of such companies, which, in turn, opens up new opportunities for the development of the entire ecosystem as a whole.The second direction in the NFT sector, which we also mentioned, is gaming. When we look at the entire gaming industry, we see that it is now developing at such a pace that it is ahead of both the music industry and the film industry. According to forecasts, this gap will only increase. NFT allows you to change the economy that is in the game, and companies that help game developers change the old look, give more control to players, will certainly be appreciated. Now we see players like Forte on the market, which is already estimated at $1 billion.Quite advanced funds see a trend change taking place in the gaming economy and see that companies helping to move from one economy to another, to help developers of the traditional gaming industry implement blockchain in their games, win. They will be in demand, which will help the industry adapt this technology faster.What are the risks of blockchain and cryptocurrency?Of course, this is a high-risk segment, primarily because it develops in a certain regulatory vacuum. The further actions of the regulator will determine how consistently the industry will develop.We see different approaches to this issue: following the example of China, where the main focus is on bans and, possibly, on the release of state infrastructure and cryptocurrencies. The second approach is the American one, where the regulator allowed bitcoin futures ETFs to be traded on the exchange. This approach is based on civilizing what is there and using it for the benefit of society. Also, quite recently, the declaration of income from bitcoin was made mandatory in the United States, and such a company as Taxbit helped to make about two million declarations by the end of last year. It is expected that by the end of this year there will already be about 50 million tax returns. This means that 50 million households in America have such assets.The main conclusion is that with so many users in the blockchain segment, most likely we have passed the point where this industry could be banned. But this does not mean that the regulator will not do anything to prevent the development of this industry in the right direction. I think this is the main risk: the tough approach of the regulator can affect both the cryptocurrency market and the infrastructure market. Although, in any case, infrastructure will be the main beneficiary of the development of this entire ...
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How to invest in cryptocurrency: direct & indirect investments
The popularity of cryptocurrencies is growing every day. The main and most well-known cryptocurrency is Bitcoin (Bitcoin). Many investors around the world follow Bitcoin quotes, which update their absolute highs with enviable regularity. In this article, we will look at ways to invest in cryptocurrency - from direct investments to alternative ones, using specialized exchange instruments. The following issues are on the agenda: Direct investment in cryptocurrency.Indirect ways of investing in cryptocurrency:purchase of ETFs, ETNs, ETPs for Bitcoin and units of specialized investment funds investing in Bitcoins;buying Bitcoin futures contracts;purchase of shares of companies related to cryptocurrencies.Direct investment in cryptocurrencyAmong professional investors, investments in cryptocurrencies and, in particular, in Bitcoin, are not so popular yet. The main reason for this is that all cryptocurrencies are still endowed with very high legal risks.You can buy Bitcoin directly on cryptocurrency exchanges, but there is a serious barrier for professional investors here, since they buy all instruments only on organized financial markets or, in another way, on exchanges that are regulated by law and have an official supervisory authority.Now there are a lot of cryptocurrency exchanges all over the world, and none of them is regulated and has no official status of an exchange regulated by financial legislation, not to mention numerous cryptocurrency exchange sites.Therefore, buying Bitcoin on such exchanges, a clear question arises for professional investors: where and how is this cryptocurrency stored and accounted for, and what legal protection is there if the site of such a crypto exchange simply disappears tomorrow? There will simply be no one to complain about this fact.Read more: Binance: history, features, coins and verificationHowever, for those who want to invest in Bitcoin without significant legal risks, there is still a way out – it is the purchase of cryptocurrencies through official exchange instruments that are traded on organized exchanges. The main difference here is that the rights of any exchange instrument are fixed and taken into account in custodians, that is, depositories, which are regulated by special organizations and subject to the financial legislation of the state.And further in our article we will tell in more detail about the exchange instruments with which you can invest in Bitcoin without taking on high legal risks.Purchase of ETFs, ETPs, ETNs, trust Fund units for BitcoinETFs for BitcoinCurrently, the most liquid and largest funds in terms of their assets are two Canadian ETFs. These are the Purpose Bitcoin ETF (BTCC) fund and the Evlove Bitcoin ETF (EBIT) fund. Both funds started trading very recently - on February 18 and 25, 2021. These are the first two full-fledged ETFs launched for bitcoins. They directly own Bitcoins, records of which are kept in special depositories.Both ETFs have a management fee of 1% per year of the size of the assets. These funds are traded on the Canadian stock Exchange in Toronto TSX.It is also worth noting that the BTCC ETF is a much more liquid fund and has many times more assets. This fund is quoted in two quotes: for US dollars BTCC.U and for Canadian dollars BTCC.BBoth funds at the moment quite accurately repeat the dynamics of Bitcoin, but still lag behind it a little.Read more: Exchange Trade Funds (ETF)Close ended fundsAlso, a rather exotic type of investment fund from the management company 3iQ is traded on the Canadian stock exchange. This is The Bitcoin Fund (QBTC). In fact, this fund is an analogue of such a Russian instrument as an interval mutual fund. The peculiarity of this fund is that a limited number of its shares have been issued and it does not change. An additional feature is that the management company repays it only once at the end of each month.This fund is also traded on the Canadian stock Exchange in Toronto TSX, but for a longer time than the Bitcoin ETF, namely since April 2020. The fund management fee is 1.95% per year of the size of assets.This fund has significantly less liquidity than Bitcoin ETFs. Also, due to the fact that the fund is repaid by the management company only once a month, there may be significant price deviations in the dynamics of the fund's quotes from Bitcoin. At the same time, the fund's quotes can both outpace the cryptocurrency quotes in certain periods, and lag behind them.ETP and ETN for BitcoinA number of exchange-traded investment funds are also traded on European exchanges for Bitcoin. These are ETP (Exchange Trade Product) and ETN (Exchange Trade Notes). By their nature and their investment qualities for investors, these funds are some analogues of ETFs, but they differ from them in their structure and the principle of the device.It is possible to single out the Bitcoin Tracker One (BITC) fund as the largest fund, which manages the most assets, and as the most liquid fund. However, it is worth allocating a fairly high commission for the management of this fund, it is 2.5% per year of the size of assets. Trading by the BITC fund has been launched since January 2021, and at the same time, the dynamics of the fund's quotes accurately tracks the dynamics of Bitcoin quotes.Read more: How to choose an ETFAmerican over-the-counter fund Grayscale Bitcoin Trust (GBTC)The units of this fund are traded on the American electronic OTC platform. However, at the same time, the entire exchange infrastructure is used. Therefore, in fact, the shares of this fund can rightfully be classified as full-fledged exchange instruments.This fund was the first financial instrument in the world through which it was possible to invest in Bitcoin through the stock market. Trading in shares of the GBTC fund started back in 2015, when almost no one knew anything about Bitcoin itself.The fund management fee is 2.5% per year of the total assets.The main problem of the fund is that its quotes in different periods of time can deviate very significantly from the quotes of Bitcoin itself. Thus, the accumulated profitability of the fund's units since the start of their trading is more than 2 times inferior to the profitability of Bitcoin.The shares of this fund are available for purchase on the American OTC OTC market.Buying Bitcoin futures contractsFutures are derivatives of exchange-traded instruments. They do not allow you to own an asset directly, but they are traded on an organized exchange market and allow investors to receive a very similar price movement in comparison with their underlying asset.Futures and options contracts for Bitcoins are traded on the Chicago Mercantile Exchange (CME Group). The first contracts were put into circulation on December 18, 2017.A detailed specification of this futures contract can be viewed on the website of the CME exchange.The specification of this contract provides that the futures contract is traded for 5 bitcoins. This is a settlement futures contract, that is, it does not provide for the delivery of real Bitcoins upon its expiration, but only calculations of profits and losses on the position. But, importantly, these calculations are fully guaranteed by the exchange.Futures are fixed-term contracts for Bitcoin. They are issued with a circulation period of 6 months and with an expiration interval of 1 month.Despite the fact that the Bitcoin futures contract is traded based on the fact that it includes 5 bitcoins, its value is very close to the quote of one Bitcoin.But since the contract includes 5 Bitcoins, each movement of the contract price by 1 USD brings 5 USD of financial result on the investor's account. At the same time, an investor can actually buy such a contract for only 10% of its value. In the example with our current futures contract quote, it is 5485 USD. However, it should be understood that in this case, in a futures contract, the investor has a monstrous leverage equal to 50.That is, any movement in the price of a futures contract must be multiplied by 50 times, which means that if the value of the contract changes in price by 2% not in favor of such an investor, then such a movement will completely destroy his capital.What happens?! Buying an urgent futures contract involves a lot of hidden nuances of working on urgent risk and extremely high risks. Even if an investor buys a futures contract for its full value, in our example for 54,854.16 USD, he receives a "built-in" five-fold leverage. Thus, in order to reproduce a simple purchase of cryptocurrency without leverage in a Bitcoin futures contract, based on our example, an amount of 274,271 USD will be required, which is often not an affordable amount for every retail investor.It is also worth remembering that futures contracts are fixed-term contracts, which means that after the expiration of the contract circulation period, the investor will need to independently "shift" the position into a contract with a longer maturity.However, buying a futures contract allows you to get the closest possible price movement to Bitcoin itself, with the most minimal distortions.Read more: What is Bitcoin Core? A simple guideBuying shares of cryptocurrency-related companiesIn this case, this is no longer a direct, but an indirect investment in Bitcoins, and in some cases in the cryptocurrency market as a whole. Therefore, investors should rely here when choosing a company, both on the factors of development and growth of cryptocurrencies, and on the financial indicators of the company itself.It is also worth noting that it is not so easy to make a sample of all companies that are somehow connected with cryptocurrency. This requires huge analytical efforts and a detailed study of each company's business.Companies that invest in cryptocurrency themselves, conduct and accept payments in cryptocurrency, as well as create specialized services for the cryptocurrency market and equipment for mining cryptocurrencies.For example, Microsoft Corporation is introducing the possibility of payment using cryptocurrency and is developing new innovative systems for mining (mining) cryptocurrencies.NVIDIA Corporation and Advanced Micro Devices, Inc. (AMD) are the most advanced manufacturers of video cards. Powerful video cards are the main technical element for mining cryptocurrencies. This year, both NVIDIA and AMD have released a new line of high-performance graphics cards that are specifically designed for mining cryptocurrencies.Companies Square, Visa, MasterCard, PayPal are actively developing and implementing specialized applications for payments with cryptocurrencies.At the same time, Square, which is engaged in creating solutions for processing and accepting electronic payments, was one of the first to launch an application that allows you to make payments and trade cryptocurrency. By the end of 2020, more than half of the company's revenue was generated from the direction of cryptocurrencies.The shares of such companies are steadily growing and are able to show growth rates far exceeding the cryptocurrency itself.So over the past 3 years, during the phase of the most active cryptocurrency boom, Square's shares have demonstrated profitability almost 2 times greater than the profitability of Bitcoin.This is just one of many examples of overtaking cryptocurrency in terms of stock returns.Investments in shares of such companies are many times more accessible and safe for any private investor.Read more When Bitcoin appeared: telling the story of BTCConclusionsThe direction of cryptocurrencies is developing every day, and more and more new companies are joining this process. Therefore, it is extremely important to "keep abreast" of events and promptly receive new analytics.It is also important for every investor to understand that any currency, including cryptocurrency, is not a full-fledged asset. It is a measure of value, a means of payment. It may be in demand, but it will never be able to generate cash flow by itself. This is the main difference between currencies and shares of companies. Therefore, it is investments in shares of companies that become a more profitable solution than investments in their production facilities. This truth is familiar to every experienced investor - investing in shares of good oil producers is always more profitable than investing in oil itself, buying shares of gold mining companies is more profitable than buying the metal itself. Such a list can be replenished with many more industries, but the main point here is that cryptocurrencies are no exception in this case. It is only important for an investor to correctly assess the financial results of the company and understand the prospects in the cryptocurrency market.It is also worth remembering the fact that exchange-traded instruments for investing in cryptocurrency are still not widely available to all investors compared to shares of related ...
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On-chain metrics. What do they tell the crypto investor about?
The cryptocurrency market has led not only to a technical revolution in the world of finance, but also to the emergence of a new type of market analysis. If three years ago crypto traders mainly relied on technical analysis, now market analysis using on-chain metrics has formed and gained recognition.The history of the development of on-chain analysis dates back to 2011, when the forum BitcoinTalk.org a participant with the nickname ByteCoin proposed the concept of the first on-chain metric — Coin Days Destroyed.Coin Days DestroyedAll coins moved during the day participate in the calculation of Coin Days Destroyed (CDD). For each such coin, the number of “burned” days is taken - the days during which it remained motionless before this movement. Then the ”burned" days for all the coins moved during the day are summed up. The resulting amount is CDD.What is the value of this metric? Coins that have been lying motionless for a long time most often come into motion during periods of large-scale movements in the market. It has been repeatedly noticed how on the eve or at the time of a significant correction, the CDD indicator reached its peaks. Thus, this metric can help the investor in making trading decisions. By the way, now the CDD of bitcoin is at lows, which speaks in favor of the continued growth of this cryptocurrency.The most popular on-chain metrics, in addition to Coin Days Destroyed, also include Stablecoin Supply Ratio and Market Value to Realized Value.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesStablecoin Supply RatioThe Stablecoin Supply Ratio (SSR) metric evaluates the impact of stablecoins on the bitcoin market. It is calculated as the ratio of the market capitalization of bitcoin to the market capitalization of all stablecoins.A decrease in SSR indicates an increase in the purchasing power of stablecoin holders, and vice versa. This metric is a good leading indicator that warns in advance when buyers are running out of strength.Now the SSR is twice lower than its spring peaks, when bitcoin reached the $60,000 mark. Thus, the purchasing power of stablecoin holders remains high, which is extremely positive for the continuation of the bullish trend of bitcoin.Market Value to Realized ValueMarket Value to Realized Value (MVRV) is the ratio of the market capitalization of a particular cryptocurrency to the total realized value of all its coins.The realized value of cryptanalysts is the value of the coin at the time of its last movement. In fact, this is the value of the coin at the time of the last transaction with it.If the MVRV is higher than one, it means that most investors bought this cryptocurrency cheaper than it is worth now, and at the moment they are in profit. Conversely, if the MVRV is below one, most investors are at a loss.Bitcoin's MVRV is currently at 2.69. The last maximum of this indicator was marked on February 21, 2021. Then bitcoin reached a price of $57,462, and its MVRV rose to 3.98. Comparing this figure with today's values, we can assume that investors may assess their current profit as not high enough, that is, bitcoin still has room to grow.  Read more: What are AltcoinsOn-chain metrics can give a crypto investor a lot of valuable information. However, it is not worth relying on just one or even two or three metrics. In order to achieve maximum accuracy of forecasts, professional on-chain analysts analyze many metrics ...
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Bitcoin Wallet: what is it and how does it work?
We choose a Bitcoin wallet. What's it? Bitcoin wallets for computer, browser, phone, hardware, paper wallet - how does it work?Bitcoin, as a completely virtual currency, has no physical form, so when you buy a currency, you have to store it in a virtual space. You can't hide it in a leather wallet, in a backpack, or transfer it to a bank account. More Bitcoin wallet is used to collect and store digital currency. What is it, how to use it and which one to choose?What is a Bitcoin Wallet?When bitcoin was created, no one could have imagined how successful this technology would be and how many changes people around the world were waiting for. Bitcoins can be used to pay for goods and services, some countries have recognized the currency as official money for paying taxes. It is not surprising that soon after the creation of BTC, tools appeared, thanks to which storage became easier, possible and realistic. So it was decided to create a crypto wallet.Where to store?Bitcoin wallet is a tool that allows you to manage virtual currency. Jy also allows you to record trades, which is necessary for successful trading. A bitcoin wallet is similar to a bank account — it has similar functions, but it only works in virtual space. It can take the form of a program for a computer or smartphone.How does the wallet work?All actions that you take on the Internet are at risk of hacking. To protect virtual currency from theft, wallets use two types of keys:public key - it can be compared with a bank account number, as it is used to verify the network account and its contents. This key can be freely shared with other BTC owners;the private key is the password with which you authorize transfers.The second key can additionally be protected by a password that you set yourself. Come up with a complex combination of numbers and letters. Without the private key, no transaction can be completed, which is why its security is so important. The operation seems complicated and incomprehensible, but in fact they are relatively simple. You can treat the wallet as an account where you store bitcoins.Depending on its type, you can access your savings from any device, only from selected devices, or literally anywhere where there is Internet access - using browser wallets. From your bitcoin wallet you can send funds, pay for hotel accommodation, coffee, advertising agency services, web developer.Read more When Bitcoin appeared: telling the story of BTCWhat Bitcoin wallets exist?There are several types of wallets. Each type is different, and each has strengths and weaknesses. The solutions can be divided into two groups:Hot wallets — this group includes those that work on devices connected to the Internet. They can store bitcoins, but in small quantities. They allow you to quickly and conveniently send and receive BTC, the whole procedure is extremely simple.Cold wallets - work offline. Due to this, they are characterized by a high level of security, but are less convenient in everyday use.Bitcoin wallets for computersThe so-called desktop wallets, as befits a hot wallet, are constantly connected to the network. They are presented in the form of programs that are installed on a computer or laptop. There are two versions to choose from:Complete applications for which you need to download the entire block. This requires a large amount of disk space, as the file size can reach 200 GB. Full applications can sync for up to several days and use most of the hardware resources.Lightweight applications — a chain of blocks of these applications is located on an external server, so they do not need a lot of disk space. They sync and work fast.A permanent connection to the network requires the protection of a private key, for example, advanced encryption. You can also encrypt the entire disk partition where the wallet is located. It is worth taking care of a good antivirus. Examples of desktop wallets are Electrum, Exodus or Wasabi.Bitcoin wallets in the browserHot wallets also include browser-based solutions. Their big advantage is wide access. You can use them wherever you are online. The disadvantage is the presence of a "third party", an operator managing the platform. Theoretically, he can have access to your key. Therefore, browser wallets should be selected with extreme caution.Read more: Bitcoin on a flash drive? How to store cryptocurrency correctlyMobile applicationsMobile wallets for smartphones with iOS or Android are a convenient form of storing BTC, because they are suitable for scanning QR codes, so there is no need to rewrite a long and complex key when you want to make a transaction. Mobile wallets often support FIAT currencies, which is a huge advantageHardware wallets are considered the safest, but the least comfortable. They have the form of a separate device, often resemble flash drives. To use them, you need to connect them to a computer, laptop or other equipment. High security is due to the fact that the signing of transactions takes place inside the portfolio, in a closed ...
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