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Trading signals and online forecasts Bitcoin/USD

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Analytical Forex forecast for EUR/USD, AUD/USD, oil and cryptocurrencies
AUD/USD, currency, EUR/USD, currency, Bitcoin/USD, cryptocurrency, WTI Crude Oil, energetic, Terra, cryptocurrency, Analytical Forex forecast for EUR/USD, AUD/USD, oil and cryptocurrencies EUR/USD: the asset continues to collapseAccording to the data, the euro keeps the dynamics of a sharp decline against global competitors, due to recorded cases of failure in the supply chain of Russian gas. The instrument is held at 1.0397.According to Gazprom's statement, the volume of supplies of "blue fuel" to EU countries through the Yamal-Europe gas pipeline is completely blocked due to partial passage through Poland, having approved serious restrictions the day before in view of the negative response of the country's authorities to pay for the supply of resources in rubles. According to experts, the result of the termination of supplies has already been a shortage of gas received by the eurozone countries of about 25%, going through Poland and Ukraine. Such a tense situation has become a reason for non-public statements about the likely "resurrection" of the SP-2 pipeline, in which case all attempts by European countries to damage the Russian economy will be leveled, which no one will be able to allow. At the same time, the cost of gas in the markets has already reached 1,236 thousand dollars, leaving the euro under pressure.Resistance levels: 1.0623, 1.1163.Support levels: 1.0330, 1.0100.AUD/USD: "Aussie" is trying to move to growthThe Australian currency is in the zone of active corrective growth against the US dollar during Asian trading, having completed the "episode" of a strong drawdown of positions, reaching record lows in June 2020.Market participants decide only on short-term transactions, which is why there is a factor of technical adjustment, but the fundamental trends in the AUD/USD pair change sluggishly. Meanwhile, the Australian dollar continues to be under pressure due to uncertain macroeconomic statistics published in Australia. According to the data, the level of sales of residential real estate in the primary market from HIA decreased by 1.2% in April terms, showing an increase of 3.9% a month earlier. According to a joint study, which was attended by representatives of the ANZ financial group and analysts at CoreLogic, it was noted that buying their own homes for citizens is beginning to become less affordable. Recall that to buy your own housing, the deposit rate should be about 20%, which corresponds to the quantitative expression of 147,795 thousand dollars, which will be possible to accumulate in 11.4 years for urban areas and up to 10.5 years for rural areas, respectively.Resistance levels: 0.6900, 0.6950, 0.7000, 0.7050.Support levels: 0.6827, 0.6750, 0.6700, 0.6650.Cryptocurrency market overviewAccording to data from trading platforms, the value of BTC reached the mark of 31000.00, falling by 10.6% in price, ETH is testing the level of 2100.00, having lost 20.8% of the value, BNB fell to 305.00, whose losses amounted to 15.4% of the price. The total capitalization figure was $ 1.314 trillion, in which BTC increased its share to the level of 44.46%.During the whole week, the cryptocurrency market was trading under strong pressure due to the hard course taken by the US regulator as part of the fight against inflation. So, a series of published reports on inflation, gave confirmation of experts who expected its strong growth. According to the data, consumer prices reached the level of 8.3%, while production prices – 11.0%, reaching forty-year highs. Market participants hope that the US Federal Reserve will undertake a more drastic tightening of monetary parameters, as well as the growing risks of recession in the United States economy, which will lead to an increase in dollar demand, to the detriment of alternative assets. The negative background was supported by the news about the fall of the UST steibkin token (TerraUSD) and Luna assets, which lost 81% and 99% in value in a few days, respectively. Economists explain the situation of negative dynamics as a consequence of the panic on the trading floors. After all, since the UST stablecoin began to lose positions, leaving the bundle with the US dollar, market participants immediately switched to short positions on the instrument, thereby finally collapsing the exchange rate.Oil market overviewThe cost of WTI grade raw materials moves in flat dynamics two months in a row, developing a wide lateral range within 111.00-95.00, waiting for new signals that can change the trend.Experts name two key factors, because of which the oil market remains in uncertainty all this time. The instrument receives positive signals against the background of discussions on a possible ban on oil supplies from Russia to the eurozone. Working groups are continuing consultations on this issue, and the strong dependence of individual European states on Russia's energy resources is an obstacle. The successful growth is counterbalanced by the Covid-19 pandemic in China, the world's largest economy consuming export oil. In case of epidemiological deterioration of the situation, the level of demand can be severely undermined.Resistance levels: 112.50, 118.75, 125.00.Support levels: 100.00, 93.75, ...
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The current downturn in the crypto market is not yet a reason for irrational pessimism
Cardano/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Terra, cryptocurrency, Avalanche, cryptocurrency, The current downturn in the crypto market is not yet a reason for irrational pessimism After a tough sell-off in the cryptocurrency markets, provoked by the macroeconomic environment and internal problems of stable coins, the main cryptocurrencies are showing recovery today.The predictions of some experts about the fall of the leading crypto currency, Bitcoin, below the level of 25 thousand dollars, did not come true.Large Bitcoin whales, buying up cryptocurrency on the fall, pushed the price above the psychological support of 30 thousand dollars. And although there is extreme fear in the crypto market (10/100), the daily price increase of 8 percent has already restored a significant part of the 7-day drop of almost 30 percent.Ethereum (ETH) is also trading above $2,000 today. However, before a full week of recovery, you will have to make at least two jerks.Popular altcoins from the top ten cryptocurrencies, such as Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Shiba Inu (SHIB), showed impressive daily growth in the range of 20-30 percent.At the same time, TerraUSD (UST), which was recently considered a promising stablecoin, was suspended from trading after a catastrophic collapse on many exchanges. The validators of the network suspended the issue of tokens until the UST stablecoin balance and its provision are restored.The cost of Tether (USDT) has almost reached one dollar ($0.9988 according to CoinMarketCap).The CEO of the Coinbase crypto exchange, Brian Amstrong, in the company's recent profit and loss report for the first quarter of this year, expressed an optimistic assumption that in the next twenty years the crypto economy will grow to about 15 percent of the global gross domestic product (GDP).Amstrong believes that just as most companies use the Internet now, so in twenty years they will use cryptocurrency and blockchain.Coinbase CEO believes that "in young markets, people are irrationally violent. And then in falling markets, people are irrationally ...
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Bitcoin (BTC): a negative signal can collapse the cryptocurrency
Cardano/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Terra, cryptocurrency, Bitcoin (BTC): a negative signal can collapse the cryptocurrency Bitcoin has been declining for five weeks in a row.The collapse of Terra added fuel to the fire at the end of the week. The head of the Bitcoin Foundation believes that BTC may crash or reach $1 million.Bitcoin declined by 10.7% over the past week, ending it at about $34,200. Ethereum lost 9.7%, other leading altcoins from the top ten fell from 4% (Cardano) to 18.7% (Terra).The cryptocurrency fear and greed index decreased by 4 points in a week, to 18 and continues to be in a state of "extreme fear". By Monday, the index had dropped to 11 points - the index was at such levels on January 23, followed by an upward reversal of BTC.Bitcoin has been declining for five weeks in a row amid stock market sell-offs due to the tightening of the Fed's monetary policy. BTC has fallen below its 100-week moving average for the first time since the crisis of March 2020, which is an extremely negative signal.Bears are aiming for the lows of the current year just below $33,000, and then the level of $30,000, which buyers fiercely defended last year, may be under attack.The fall of bitcoin at the end of the week occurred against the background of news about the problems of Terra. The cryptocurrency collapsed against the background of the short-term unbinding of the UST stablecoin from the US dollar due to the outflow of assets from the Anchor protocol. Against the background of a decrease in the rate of return on deposits, over 2.2 billion UST were withdrawn from Anchor in less than two days. Skeptics believe that algorithmic stablecoins are unstable in their design, since they do not have dollar collateral.The head of the Bitcoin Foundation, Brock Pierce, said that he observes a situation in the cryptocurrency market similar to the dotcom crisis of the turn of the noughties and therefore diversifies his portfolio into EOS and the NFT market. The billionaire claims that bitcoin will either crash or become very successful, so you should not invest all your money in BTC.The best weekly dynamics was shown by TRON, which added about 29%. On May 5, the algorithmic stablecoin USDD was released and put into circulation on the Tron network. The founder of the project, Justin Sun, announced the highest profitability in the DeFi industry for freezing the stablecoin. The profit from the placement of USDD will be 30% per ...
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Bitcoin has soared the most in two months - what's going on?
Cardano/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Binance Coin, cryptocurrency, Bitcoin has soared the most in two months - what\'s going on? Bitcoin jumped to the $40,000 mark on Wednesday, strengthening along with other risky assets.The US Federal Reserve's rate hike did not scare the bulls. After the previous meeting of the regulator in March, BTC rose by 17%.Bitcoin soared by 5.8% on Wednesday, ending the day at about $39,800. Ethereum gained 6.4%, other leading altcoins from the top ten rose from 5.1% (Binance Coin) to 13.9% (Cardano). The total capitalization of the crypto market, according to CoinGecko, increased by 6.2% per day, to $1.90 trillion.Bitcoin on Wednesday rose the most in almost two months against the background of a sharp weakening of the dollar and the growth of stock indices. The US Federal Reserve is expected to raise rates by 0.50%, to 1.00%.After the previous meeting of the regulator in mid-March, BTC rose in price by 17% over the next two weeks. If history repeats, bitcoin could return to the highs of early April around $47,000.According to CoinShares, institutional investors have been withdrawing capital from crypto funds for the fourth week. Net outflow of funds last week amounted to $120 million, while bitcoin funds faced the largest capital outflow since June 2021 ($133 million).The Ministry of Finance of El Salvador said that the issue of bitcoin bonds for $1 billion, which the government announced in the first quarter of the year, has been postponed indefinitely due to the unfavorable situation in the markets.For the first time in the history of Wall Street, Goldman Sachs Bank issued a loan secured by bitcoins to the Coinbase crypto exchange.Bitcoin miners earned $1.16 billion last month, which is 4.3% less than in March.Cryptocurrencies will become an integral part of any investor's portfolio in the next few years, according to the investment company Wisdomtree.One of the oldest private universities in the USA, Bentley, announced that he is ready to work with cryptocurrencies as a means of payment.Equinox, a popular luxury fitness club chain in the United States, announced that the network's gyms in New York have begun accepting cryptocurrencies to pay for an annual ...
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Daily Forecast for March 31, 2022 for EUR/USD, GBP/USD, Gold & Cryptocurrencies
EUR/USD, currency, GBP/USD, currency, Bitcoin/USD, cryptocurrency, Gold, mineral, Daily Forecast for March 31, 2022 for EUR/USD, GBP/USD, Gold & Cryptocurrencies Euro/DollarThe euro rose against the US dollar to the level of 1.1165. There was a positive trend in trading on Wednesday.After reaching the maximum values in March, the yield of ten-year US bonds fell slightly to 2.351%.The next round of negotiations between Russia and Ukraine gave hope that military operations should stop soon. This caused a wave of positivity in the financial markets.Meanwhile, in the Eurozone in March, the composite index of business and consumer confidence fell from 113.9 points to 108.5 points, which did not justify the forecasts of experts who expected a smoother decline to 109 points.Such a sharp deterioration in the indicator is primarily due to record inflation rates and the military conflict in Ukraine.On Thursday, traders expect the publication of data from the labor market of the United States and the Eurozone, information on the unemployment rate in Germany and the Eurozone, as well as a change in the number of applications for unemployment benefits.Pound/DollarThe currency pair is consolidating above the support border of the European session, around 1.3127. The course is strongly influenced by the news background. The key resistance level at the moment is 1.3202.Meanwhile, the yield of ten-year British bonds has approached the maximum values of March and is now at 1.668%.Today, the dollar is under pressure from other world currencies. According to the final data of the Ministry of Trade, in the last reporting quarter of 2021, the economy of the United States grew by 6.9% year-on-year, and not by 7%, as previously reported. Experts expected that the indicator would be revised upwards to 7.1%. As for consumer spending, in the fourth quarter it increased not by 3.1%, but by 2.5%. Imports soared by 17.9%, exports rose by 22.4%.Today, traders expect the release of British GDP, data from the labor market of the United States, information on the cost of residential real estate.GoldThe banking metal is still reacting to the movement of the US dollar. After a week of growth, gold gained a foothold near the $1,928 per ounce mark. Important information for the market is the US unemployment index for March. Strong data will help reduce the Fed's purchases of securities.The trading environment ended with a fall in the US stock market, due to negative dynamics from the financial, consumer services, and technology sectors. The Dow Jones fell by 0.19%, the S&P 500 index fell by 0.63%.Inflation continues to gain momentum. This month, consumer prices in Germany rose by 7.6% year-on-year, while analysts expected a rise of no more than 6.7%. In February, the indicator was 5.5%.In Japan, last month there was a decrease in retail sales by 0.8% compared to February 2021, which did not meet the forecasts of analysts who reported a decrease of 0.3%.CryptocurrenciesBTC is currently in the price range of $48051 – $46810 with a strong resistance level of $48051. Most likely, traders are waiting for information from the American labor market.According to the results of Wednesday, the capitalization of the crypto market amounted to 2.15 trillion US dollars, while on Tuesday there were figures of 1.90.The Opera browser now supports bitcoin and other digital currencies. Solana and BTC are currently only available in Opera for Android. Support in the crypto browser should appear within a few months.Cryptocurrencies may be affected by the publication of data from the US labor market, the release of the index of personal consumption expenditures, as well as the level of business activity in the manufacturing ...
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Bitcoin: The $30k mark is still a Point of Attraction
Bitcoin/USD, cryptocurrency, Bitcoin: The $30k mark is still a Point of Attraction What we are currently seeing on risky assets looks rather unnatural. US technology stocks and cryptocurrencies are growing amid a whole heap of problems related to geopolitical tensions, rising inflation, the expected tightening of the Fed's monetary policy, a possible recession of the American and global economy, and so on. Yes, investors could well get tired of the constant negativity, but this is not a strong enough reason for such a powerful rebound. That is why it is hard to believe in the long-term nature of the current growth.At the moment, BTC is near the upper limit of the correction channel, which was formed as part of the global downtrend that started in November 2021. Further price behavior may shed light on the medium-term outlook of the market. With the greatest probability, we should expect a breakdown of the upper limit, the removal of sellers' stop orders, the collection of liquidity and a trip to the south with renewed vigor.Indirectly, this possibility is evidenced by the situation with other cryptocurrencies. For example, the native Solana token is currently executing a “bearish” Wolf wave pattern, according to which quotes should go to a fall and fall in price by 30-40% from current levels. Something similar is observed for the rest of the top coins. At the same time, there is simply no positive news that can support the current growth and is not expected in the near ...
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Bitcoin has formed a new resistance level around $48051
Bitcoin/USD, cryptocurrency, Solana, cryptocurrency, Bitcoin has formed a new resistance level around $48051 Cryptocurrency Forecast for today. Consolidation and uncertainty of trading in the range of 48051 – 46810 dollars are visible. It is possible that market participants are waiting for US labor market data.The capitalization of the cryptocurrency market by the end of Wednesday amounted to 2.15 trillion US dollars against 1.90 on Tuesday. A negative news background can increase short positions on digital assets.The Norwegian company Opera has added support for Bitcoin, Solana, Polygon and other cryptocurrencies to the browser.Integration of multiple blockchains and second-level development solutions was called a key strategy and part of Opera's mission, which is to introduce millions of users to Web 3.0.Solana and Bitcoin are currently available only in Opera for Android. Their support in the "Crypto Browser Project" will appear in the coming months.The dollar and the cryptocurrency market will be sensitive to the release of the number of initial applications for unemployment benefits, the price index of personal consumption expenditures. The focus will also be on the business activity index (PMI) in Chicago, the unemployment rate and the index of business activity in the manufacturing sector (PMI) from ...
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Daily Forecast for March 30, 2022 for EUR/USD, GBP/USD, Gold & Cryptocurrencies
EUR/USD, currency, GBP/USD, currency, Bitcoin/USD, cryptocurrency, Gold, mineral, Daily Forecast for March 30, 2022 for EUR/USD, GBP/USD, Gold & Cryptocurrencies Euro/DollarThe euro rose against the US dollar to the level of 1.1132, while the US currency weakened despite strong consumer confidence data. During the day, there was a positive trend in euro/dollar trading. At the moment, the pair is consolidating in the price range of the beginning of March 1.1143 – 1.1058.The yield of ten-year US bonds shows a slight decline to the level of 2.402%.The results of the negotiations between Russia and Ukraine in Turkey had a positive impact on the single European currency. The market revived after hearing about positive developments in resolving the conflict, including the preparation of an agreement on the neutrality and nuclear-free status of Ukraine.Earlier, the dollar was supported by growing expectations about the tightening of the Fed's monetary policy. Today, the market has already included a rate increase of 2 percentage points.The current situation contributed to an increase in the yield of ten-year US Treasuries to 2.5% on the first day of the week. However, by the end of the auction, the indicator decreased slightly. On Tuesday, the yield of Treasury securities increased to 2.472%.Among the main news for today is the GDP of the United States for the fourth quarter and the index of employment in the non–agricultural sector from ADP.Pound/DollarDuring trading on Tuesday, the pound and the US dollar stuck to the 1.3090 mark. The currency pair has not been able to break through the support boundary of the European session. If the exchange rate still manages to go beyond the level of 1.3082, the prospect of reaching the area of 1.3006 will open.In the yield of ten-year British government bonds, there is a slight decrease to the level of 1.6560%.The publication of important economic statistics led to a new strengthening of the dollar, the pound followed the American currency.This month in the United States, the consumer confidence index increased to 107.2 points relative to the revised February figures of 105.7 points. The data was obtained from the Conference Board research organization. The indicator exceeded the expectations of experts who predicted a decline in the indicator to 107 points.It is worth recalling that last autumn the level of consumer confidence in the country fell sharply amid the spread of new strains of coronavirus infection. At the moment, Americans are under pressure from the disruption in global supply chains and the consequences of the military conflict in the East.On Wednesday, the currency pair will be sensitive to US economic statistics – GDP for the fourth quarter and the non-agricultural employment index from ADP.GoldThe banking metal has turned around from the minimum values and at the moment continues to adhere to positive dynamics. In the case of another wave of growth, a promising target is the resistance limit of 1925 dollars per ounce.Trading Tuesday ended with a rise in the US stock market, due to strong signals from the consumer services, goods and technology sectors. The Dow Jones increased by 0.97%, the S&P 500 index rose by 1.23%.The news background of recent days has a positive effect on gold and liquid securities.Meanwhile, this month the level of consumer confidence in the United States rose to 107.2 points relative to the revised February figures of 105.7 points.In Japan, last month there was a decrease in unemployment to 2.7% from 2.8%, while experts predicted that the indicator would remain at January levels.CryptocurrenciesAt the moment, bitcoin is consolidating in the price range of $48051 – $46820, after an unsuccessful ride to break through the resistance limit of $48051. The recent increase in volatility in financial markets has forced investors to take a wait-and-see attitude. The publication of the GDP of the United States and data from the labor market can greatly affect financial assets, including cryptocurrencies.According to the results of Tuesday, the capitalization of the crypto market amounted to 2.11 trillion US dollars, while on Monday there were figures of 2.13.According to media reports, the MicroStrategy subsidiary received a loan from Silvergate Bank in the amount of US$205 million to purchase bitcoins.Meanwhile, the US Treasury proposed to approve a document for cryptocurrencies, according to which information on foreign accounts of citizens over 50 thousand dollars should be reported to the tax service. If approved, the requirements will take effect as early as 2023.The Hong Kong Stock Exchange will open a platform for trading security tokens called ...
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Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis?
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Cryptocurrency is allowed in Cuba. Will it save from an eternal crisis? On May 16, the Central Bank of Cuba will begin issuing licenses for the use of cryptocurrencies in economic activities. The authorities are going to allow the cryptocurrency because of the consequences of the coronacrisis and US sanctions, which have been destroying the country's economy for 60 years.Cuba is a "passing prize"The first settlements on the island were founded by Spanish colonists in the early 16th century and ruled for almost three centuries. Then the metropolis brought African slaves and began to use the land for sugar cane and tobacco – the "oil" of that time.Cuba received relative freedom only at the end of the 19th century after an uprising of local residents and a long war for independence. Spain lost its influence in the Caribbean region, and the United States took its place. Nominally, the United States developed the economy and industry of Cuba, investing hundreds of millions, and then billions of dollars. In fact, they used it as a semi-colony: troops could enter at any moment, local authorities and production controlled it.Before World War I, about 90% of Cuba's exports were tobacco and sugar. Most of the agricultural territories were given over to them. Products for domestic consumption had to be imported – there were not enough of their own. At the same time, companies from the United States received privileges and imported goods to Cuba without duties.The country's economy suffered severely during the First and Second World Wars: first, the flow of goods from Europe stopped, then pro-American officials banned exports from the Soviet Union. As a result of the crisis, the poor could not get vital things, and the elite lived in comfort and luxury.In 1940, President Fulgencio Batista came to power – later he would be called a puppet of the United States. Under Batista, the capital of Cuba, Havana, became the "Latin American Las Vegas." The business was controlled by American monopolies and mafia clans. Businessmen from the United States owned 90% of the mining industry, 80% of utilities and fuel companies and half of sugar production. Batista received millions in bribes, and America turned a blind eye to numerous crimes: from the organization of brothels to drug and human trafficking.13 years later, a group of revolutionaries led by Fidel Castro rebelled against Batista. Impoverished and intimidated by the authorities, people joined the fight against tyranny. Castro promised to distribute land to peasants, ensure independence from the United States and improve the financial situation of Cubans. The resistance has been active for almost six years. A guerrilla war has begun in Cuba. By 1959, Castro's forces were able to capture the capital, and Batista lost control of the state and fled to the Dominican Republic. At the same time, the former dictator took most of the gold and foreign exchange reserves of the Central Bank of Cuba."Friendship against the USA"The Castro government reformed the economy and nationalized most of the companies owned by Batista supporters. 60% of agricultural land was transferred to peasants, the rest went to the state. The authorities began to control the turnover of currencies and trade. Residents of the United States were forced to pay 100% tax on luxury goods and 25% on minerals.In response, the U.S. government stopped importing oil to Cuba and reduced the sugar trade. An economic war has begun between the countries. Castro continued to nationalize American companies, and the United States imposed an embargo: they stopped trading with the Island of Freedom, and any country that provided assistance to Cuba fell under sanctions.The USSR took advantage of the situation. The Soviets gave the Castro government $100 million in loans at 2.5% per annum. Specialists in geological exploration, builders and the military were brought to Cuba. The USSR provided the new ally with equipment, weapons and agricultural products, and in return received sugar, coffee, minerals and representation in the Caribbean. During the period of active trade with the Union, Cuba's economy grew. In the 80s, the country began to build solar and wind power plants, recycle recyclables. Over 20 years of cooperation, Cuba has turned into an industrial and agrarian power. But its economy continued to depend on its "curse" – cane sugar.At the same time, the United States declared Cuba a "sponsor of terrorism" and tightened the embargo again. However, by this time the diplomats were able to establish trade with Latin American countries. Uruguay, Argentina and Venezuela became new partners."Island of freedom" without UnionCuba's economy began to collapse after 1991. Despite diplomatic ties with Latin American and Caribbean countries, the country was dependent on the Soviet Union and still suffered from US sanctions. When the USSR collapsed, the Castro government had to switch to economy mode: there was nowhere to bring equipment and cheap oil in exchange for local goods. The sugar industry became the basis of the economy again, but tourism began to develop in Cuba in parallel.The United States has adopted additional sanctions. Now foreign companies trading with the "disgraced" country were threatened with restrictions. In Cuba, there was a shortage of food and medicines, interruptions in the supply of fuel and spare parts for equipment. GDP began to decrease. During the three years of the crisis, it has decreased by a third. To compensate for the losses, Cuba was looking for foreign partners and investments. Three free economic zones were organized on the island and part of the trade bans were lifted. The government began to create a socialist economy with elements of market relations. State-owned enterprises have introduced self-financing.The first effect of the reforms in Cuba was felt in 2001. Up to this point, the country's economy was shrinking by an average of 3-7% per year, and after that it began to grow. The country has reduced the state monopoly on foreign trade and began to recognize cooperative, private and mixed forms of ownership. After 2010, the government allowed local entrepreneurs to work and introduced a progressive taxation system. Cuba began to actively trade with countries that were less dependent on America. In particular, Venezuelan President Hugo Chavez supplied up to 53,000 barrels of oil to the island daily, in response Cuba sent teachers, doctors and engineers to the new partner. By 2013, about 100,000 Cubans were working in Venezuela. One of the important sectors for the economy has become "medical internationalism". Local doctors started working all over the world.Hurricanes, COVID and new sanctionsCuba still continues to suffer because of the US blockade. The damage has already exceeded $104 billion. And taking into account the depreciation of the US currency — up to $ 1 trillion. After America imposed sanctions against Venezuela, Cuba's main partner began to have serious problems. They were reflected, among other things, on the Cubans. If earlier it was profitable to work in an oil-rich country, then after the Venezuelan crisis, this market almost closed. In addition, interruptions in oil supplies began.The country's economy was also affected by Hurricanes Dennis and Wilma in 2005, Gustav and Ike in 2008, Sandy in 2012. Each of them disabled infrastructure facilities, destroyed buildings and destroyed crops. The military had to deal with the consequences of natural disasters.Another serious blow was the coronavirus pandemic. Many medical professionals were working abroad when COVID was discovered in Cuba. And local doctors lacked medical equipment: there were many elderly people living in the country who were at risk. Officially, the country has coped with the crisis: it was able to introduce an effective system of protection against coronavirus, developed its own vaccines and started immunization. More than 5 million Cubans have been vaccinated against COVID-19. At the same time, the Cuban economy was in a precarious position: the flow of tourists dried up, and investment declined.Dinner for two for a month's salaryNow the "Island of Freedom" has a single currency – the Cuban peso (CUP). $1 = 23.98 CUP or 70-100 CUP at the "street rate". The authorities ask tourists to exchange American currency for euros in advance – banks do not accept and do not exchange USD.The average salary in Cuba for the last 4 years is about $33-45. At the same time:a kilogram of vegetables, a large loaf of bread or a bottle of water cost $0.5;a dozen eggs – $0.7;a liter of gasoline – $1;payment for communal services – $5-10;unlimited internet – more than $100 per month;dinner for two in a restaurant for tourists – up to $25;economy class car rental - $20;1 sq.m. of housing – from $1,500 to $5,000, in tourist areas – higher.Tourists and journalists who have visited Cuba note that it has become unprofitable to work in local industries. Most people live at the expense of relatives who have gone to work in other countries. It is enough to send $50-100 per month to provide for the family.Cubans themselves believe that the authorities have begun to resemble the "puppet government" of Batista. On the islands, "two parallel Cubes" coexist again: elites and Latin American businessmen live in luxury, and ordinary people are forced to live in shacks or sit on the necks of those who left the "Island of ...
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Six Benefits of Betting on Sports Using Bitcoin
Bitcoin/USD, cryptocurrency, Six Benefits of Betting on Sports Using Bitcoin Sports betting is already one of the most significant parts of online gambling, with many countries legalizing it. Nowadays, many sports betting sites provide players with different events to bet on, such as betting on March Madness, the Super Bowl, the UCL final, etc. Undoubtedly, online sportsbooks have made it easy to start placing bets on sports, but with the introduction of cryptocurrency and bitcoin, betting on sports online has become even better. So, here are six benefits you will enjoy when you participate in sports betting using Bitcoin.Improved SecurityWhen you bet using Bitcoin, you can rest assured that your money is secure and every transaction is safe. Since you do not have to use your bank details or card, you do not have to fear that your financial details will get into the wrong hands. Also, since Bitcoin is built on the blockchain, every transaction is saved, and you can always keep track of your payment. In addition, the blockchain is built with complex algorithms and high-end security techniques making it hard for hackers to get into the system. Betting AnonymouslyAnother benefit of using bitcoin is that you can do so anonymously. The blockchain network lets you send and receive money without sharing your personal information. So, if you want, you can find a fully decentralized sports betting site to join, connect your crypto wallet, and you are good to go. You do not need to provide a name, address, or other information. Once the sports betting site receives your money, you can start betting with your bankroll. Higher Deposit & Withdrawal Limits With bitcoin, you will enjoy a bigger limit. In most cases, sports betting sites have a maximum amount limit that you can deposit or withdraw. But the limit is almost non-existent with bitcoin. You can deposit as high as 5BTC at some crypto-enable sports betting sites. That way, if you are a high roller, you might want to try playing with bitcoin so that you can bet with larger amounts and, if you are lucky enough, withdraw massive amounts without hassle. Little to No Transaction FeesSome sports betting sites require you to pay transaction fees whenever you want to deposit or withdraw. However, most crypto-enabled sports betting sites do not require any transaction fee. You can deposit and withdraw as much as you like without having to pay a dime. That way, you can process large sums in a short time, and you would not lose much to transaction fees and the like.    Instant TransactionAnother top benefit of using bitcoin to bet on sports is that the transactions are done instantly. Once you complete the process and enter the correct information, the money will arrive at the intended destination in no time. Unlike fiat transaction that still needs to go through central processing, bitcoin transactions are not subjected to any reviews, and once the money is sent, it is irreversible. Compared to traditional payment options, when you withdraw with bitcoin, you can expect to get your funds within 24 hours. For deposits, within minutes, your account will be fully funded. Bigger BonusesSports betting sites with crypto options offer players more extensive and better bonuses. These bonus offers have changed the way we view the online gambling scene, as the limits are almost non-existent compared to the traditional bonuses we used to get. Moreover, players can now claim the bonuses with a higher deposit limit. So, if it is a match deposit offer, the bonus cash on offer would be more massive than the standard ones. For instance, you can get a 100% match deposit bonus of up to 5BTC, making it over $100,000 in bonus funds. Final NoteBetting with bitcoin is the future of online sports betting, and as crypto is continuously making waves globally, we expect to see more adaptation. As a result, you should start your journey to trying sports betting with bitcoin. If you are lucky enough, you can win big, increasing your bitcoin holdings and, in addition, reducing the risk that comes with the technology. Note that bitcoin is very volatile. If you are not fully aware of how it works, ensure that you learn about the technology before using it to ...
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How to Get Started at a Crypto Online Casino
Bitcoin/USD, cryptocurrency, How to Get Started at a Crypto Online Casino Crypto Casinos are becoming popular by the day. As it stands, you will find numerous online casino sites that allow you to deposit and withdraw using cryptocurrencies. Undoubtedly, there are many benefits of playing with crypto coins, and once you can get the hang of getting started, you won’t have any issues. So, in this guide, we will walk you through the step-by-step process of playing your first casino games using cryptocurrencies like bitcoin, ethereum, litecoin, etc.Find the Right CasinoThe first step to getting started online is to find the right casino. Doing this is tricky because numerous online casinos are available, making choosing difficult. In that case, you need to find a trustworthy platform that helps to list the right casinos. Or, if you have the time, you can learn how to spot the right casino by yourself. You need to know what to look for at any only casino to do this. The factors you should consider are as follows:License and certificationsSecurityPayment optionsBonusesGame CollectionCustomer ServiceMobile Gaming ExperienceOnce the casino is satisfactory in all of these aspects, you can proceed to the next phase in the getting started process. Create Your AccountOnce you have a casino in mind, the next step is to create your account. To do this, you need to enter the registration page. Not to worry, most online casinos make this easy to find. You can do this by locating the Join Now or Sign Up button, clicking on it, and going to the register page. You will see a form on that page, fill it with the correct information, and confirm your submission. Go to your email inbox to complete the verification process, and voila! You’re a member of the casino. Make Your First DepositWith your account created, you need to fund it. If you are lucky, you might get a no deposit welcome offer to claim, and you can skip this step to place your first bet. If that is not the case, you need to make your first deposit. This is usually easy to do if you choose a top casino to join. Simply go to the casino’s cashier tab, click deposit, select the payment option you want to use, and enter the amount you want to deposit. After that, follow the simple instructions to complete the deposit process. Claim the Welcome BonusAt most online casinos, there is a welcome bonus to claim. So, once you make your first deposit, you need to follow the instructions to claim the first deposit. You can always chat with the support team if you do not get the bonus automatically. They will work you through the process to get you your first deposit bonus offer. That way, you can kickstart your online casino journey with a cushion and not risk your bankroll. Go to the Casino LobbyWith your bet account fully funded and bonus cash available, you should head to the casino lobby to play your first game. Depending on the type of game you want to play, you can always click on the appropriate tab at the casino lobby. Select the game you want and start to play. However, if you do not have any game in mind, you can do a little research on casino games to find the one that fits your playing style. Or, you can just start with slot games. Withdraw Your WinsIf you are lucky enough to rack up wins, you can choose to withdraw your wins. The process is pretty straightforward. Go to the casino cashier page, click withdraw, enter the amount you want to cash out, pick a payment option, and complete the process. As a newbie, we recommend using the same payment method you used for your deposit for withdrawal. Final ThoughtsPlaying casino games online is undoubtedly fun. You just have to find the right place to start and follow the process. Once you do all of that, you will not have any issues, and you can win a substantial amount with luck on your side. But remember that gambling is luck-based, and winning is not guaranteed. So, never bet more than you can afford to ...
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Crypto Madness: How Russia and Ukraine Events Affected Crypto
Bitcoin/USD, cryptocurrency, Crypto Madness: How Russia and Ukraine Events Affected Crypto While some political or Wall Street pundits didn’t have the events over in Europe currently in their March Madness bracket, it was pretty clear to others that Putin was going to do as he pleases regarding Ukraine. The events in Europe have shaken the crypto markets to the core, causing both a crash and surge in 36 hours with cryptocurrencies.While there might be political ramifications for the people dropping the ball on this, the crypto market has seen this turmoil in Europe affect the value of some of the most well-known cryptocurrencies on the market. In what looked like a boxing match from a Hollywood movie, Dogecoin and Bitcoin looked to be down for the count on Thursday morning, but then much later in the day, both cryptos recovered most of their losses. In the case of Bitcoin, whale investors came in to buy the dip of Bitcoin’s price, helping it surge by nearly $4,000 from its low on Thursday.With the crypto market still in flux over the situation in Europe, there might be more concerns coming down the pipeline for holders of cryptocurrencies wanting to bet on BetUS. While a large-scale war could severely affect the crypto market, there are other factors that crypto enthusiasts might want to look at with crypto before making any moves. So what is it that should be looked at before doing anything with cryptocurrencies?Russia Has the Potential to Use Crypto to Evade Sanctions Against ThemWith cryptocurrencies being a decentralized form of currency for people, it brings into play something that countries have been talking about in regards to sanctioning Russia. The one sanction that has been on the table as a nuclear option against Russia is to ban them from using SWIFT, the international payments system.If countries do this, they fear that Russia will then go to cryptocurrencies to do business with allied countries, allowing both countries to avoid the sanctions that would be in place.While those fears have left countries hesitant to pull the trigger on a SWIFT ban on Russia, they have also brought up something that would affect more people than just those allied with Russia. That is the possibility of putting regulations on cryptocurrencies or outright banning them like there is in China.If there is a ban on cryptos by countries or even strict regulation regarding trading and ownership of cryptos, that can affect the crypto market more than what we have already seen. It can affect every aspect of daily life for those in Russia, whether they’re trying to communicate with loved ones or place a sports bet on BetUS.Regulation: The Issue That Can Hurt CryptocurrenciesTo anyone that doesn’t want the government involved in things, regulation is a dirty word that brings out fear in people that don’t trust the government to do the right thing. When it comes to cryptocurrencies, that word is even worse, as cryptos were created to be a decentralized form of currency for people to use with each other and with businesses. There are fears that if the government gets involved with regulations on cryptos, there could be assets seized or frozen based on false or misleading information.These fears have only been stoked more since the emergency powers order issued in Canada recently to end protests in Ottawa against government mandates on vaccines. Those orders required financial institutions in the country to examine and take action against customers involved with the protests, which led to people’s bank accounts being frozen. If there were ever a crypto regulation that allowed the government to have broad powers like that, it could spell disaster for those that are for free speech and limited government power.The Murky Waters for Cryptocurrencies in 2022While turmoil in Europe with Russia and Ukraine has affected the markets, there is still a lot left on the plate of 2022 that could keep cryptocurrencies on a downtrend. In May, the United States Federal Reserve is set to make an announcement regarding a digital dollar. With cryptocurrencies valued based on the U.S. dollar, some wonder if cryptos will still hold any value if the dollar goes to a digital format.While that announcement is months away, it could affect the value of cryptocurrencies after the announcement is made. That, along with the conflict in Europe and potential crackdowns on cryptos, can hurt crypto’s chances for a good ...
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Crypto Venture Activity: The Largest Round of Early Funding in History
Bitcoin/USD, cryptocurrency, Crypto Venture Activity: The Largest Round of Early Funding in History The last working day of the week was again marked by an increase in volatility in the crypto market. However, this time the BTC quotes did not fall, but on the contrary grew: the value of the main digital asset increased by 12%. However, you should not be overly optimistic, since such a movement still fits into the current downtrend and, most likely, after the removal of stops, the “bearish" dynamics will continue.Despite the turbulence, the funds continued to invest in promising crypto projects. As before, the most popular topics were NFT and games. The browser-based metaverse Sidus Heroes, where players are invited to travel around the universe and earn native tokens for completing missions, has attracted $21 million. The developers focus on the fact that their game can be run in any browser without loss of image quality and other characteristics. According to the announcements, players will be able not only to pump the player and complete missions, but also to equip their own territories, where, for example, they will extract useful resources. In addition, political life should also become saturated: residents of the metaverse will be able to defend the interests of their races and parties.An infrastructure platform for institutional investors who want to both participate in cryptocurrency transactions and use the capabilities of DeFi, Qredo received $80 million — the largest amount of money received under Series A. It includes, among other things, a native Layer 2 protocol that allows you to reduce time and money costs. Among the investors are Coinbase Ventures, Avalanche and ...
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Four tips for those who want to invest in crypto in 2022
Bitcoin/USD, cryptocurrency, Four tips for those who want to invest in crypto in 2022 Cryptocurrencies are definitely not an investment for everyone, but by choosing them, you can win financially. But first make sure that you have the means for unforeseen situations.Any money that is invested in cryptocurrencies should be perceived as already lost. This does not mean that these losses are guaranteed. But if such a possibility exists, then you need to make sure that there is a financial "safety cushion" in case of unplanned expenses. It should be enough for at least 3 months. If there is no free money available at the right time, then a situation may arise when it will be necessary to urgently sell your crypto assets in order to pay off debts.Also, when choosing digital assets, you need to explore your opportunities in this market. Although there is more pressure on specific crypto assets than on others, there are thousands of coins that can be added to your portfolio. So it is not necessary to agree to bitcoin at all. Perhaps a much less popular currency will be more suitable for investment.In addition, you need to understand your risks. There is no such thing as a risk-free investment. Even bonds, which are traditionally considered a "safe haven", can present unpleasant surprises in the form of financial losses. And cryptocurrencies are known to everyone as one of the riskiest investment tools.The reason? The crypto market is more volatile than other trading platforms. In addition, some markets are already more than 100 years old, and the "oldest" bitcoin cryptocurrency has only recently exchanged a dozen years. And it is not yet clear how long it will last. Recently, more and more countries have imposed restrictions on operations with crypto, and, as a result, this currency is becoming less attractive in the eyes of buyers. And the latter can significantly affect the value of such assets.And finally, you need to make sure that this type of investment fits into the chosen investment strategy. Someone buys a crypt in order to immediately resell it and exit the asset with a "quick" profit. And there are those who save up for retirement in this way. Therefore, first you need to understand what goals you want to ...
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The activity of cryptocurrencies: unsecured crypto loans and new
Bitcoin/USD, cryptocurrency, The activity of cryptocurrencies: unsecured crypto loans and new BTC metaverses continues to fall as part of a downward movement: quotes have broken through the lower limit of the flag formed in December, and are now aiming towards $37 thousand. However, this means that institutional investors have decided to take a break and sit on the sidelines until the storm in the market subsides. Already in the first days of January, there is a rapid activity of ventures. Below we will list the largest and most notable deals in the industry.Industry giant a16z has led a funding round for an additional $25 million for the Goldfinch project, which is trying to solve a serious problem of modern DeFi - to introduce unsecured loans. Now decentralized lending is not available to a huge number of people, as it requires excessive provision of cryptocurrency.Swiss bank Sygnum has raised $90 million to develop its services: spot trading, options, depository, fiat loans secured by cryptocurrency, and so on. According to the report, in 2021, the capital under the management of the organization exceeded $2 billion, and the number of institutional clients reached 2000.OpenSea's NFT marketplace has raised $300 million for further development. During the new round, the platform's valuation reached $13.3 billion. While the NFT segment data aggregator CryptoSlam received $9 million from Animoca Brands, OKEx Blockdream, Mark Kuban and others. Animoca Brands is developing areas of digital property rights and gaming that cannot be imagined without NFT technology, and plans to use CryptoSlam solutions to create an open ...
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About the trends of 2022
Litecoin/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Pfizer, stock, Moderna, stock, About the trends of 2022 A couple of steps away from the new year, many are trying to predict the direction of market winds over the next year, and maybe several. We have also analyzed promising ideas of stock exchanges, and today we will share them with you. In general, everything promising in the coming year is connected with the healthcare sector. Next, let's talk about the two most promising companies in this segment.NovavaxNovavax company was one of the first to enter the championship in the development and creation of a vaccine, but in this case it is still far from the podium. Does the company have real prospects? Let's talk about this further.At the beginning of the year, many experts argued that it was simply not advisable to get involved in the company's struggle. This was due to the fact that there were already many manufacturers of similar drugs, and there was not enough space for new ones. As a result, the experts' "verdict" turned out to be reckless, and today many are confident that the company's assets are among the most attractive in the coming year.The vaccine was one of the first to be released in Europe. It is based on a protein, which in the future can become an alternative for patients who refuse to be vaccinated by Pfizer and Moderna, developed on the basis of RNA.In the spring of 2021, she presented the results of testing a new vaccine to the world, and in mid-summer, repeated tests were conducted in America. The effectiveness of the drug according to the test results ranges from 89.7% to 90.4%. This high indicator allowed the drug to get into the top three most effective, and the company to become a leader in the world market of manufacturers.Immediately after the publication of the results, it was expected that the company's assets should increase in value, but problems with bureaucratic hitches and permission to use the vaccine on world markets led to the fact that the share price remained in place, and subsequently even declined.Different sources explain this fall in different ways. Some argue that there are no special technological lines for the production of the drug in the United States. Others are sure that the drug simply does not meet the standards established in the state, contains unnecessary impurities that can cause a lot of side effects.Today, the drug is recognized in several countries of the world, including Indonesia, India. The vaccine has the permission of the WHO and the euroregulator, together with the submission of the application, it has received permission in several other countries.Today Novavax is awaiting regulatory approval in many countries around the world, including Australia, Canada, South Korea, and the United Kingdom. To accelerate the production of the drug, the company is sponsored by a number of large-scale organizations, including the Gates Foundation and even the American government.If new strains of coronavirus continue to appear, the disease will be transferred to the category of endemic. That is why vaccination will very soon become a routine procedure, and it is also likely that the demand for combined drugs will grow, which the company is currently testing.It is not enough to be able to treat well, you also need to correctly diagnose diseases. That is why next we will talk about the manufacturer of medical equipment for diagnostics.Thermo Fisher ScientificThermo Fisher Scientific is geographically located in Massachusetts. It is one of the leaders in the production of diagnostic tools and equipment used in laboratory and outpatient settings, as well as consumables. The production of coronavirus vaccines and medicines for this pathology is considered to be an equally significant area of activity of the enterprise. From the beginning of the pandemic to the present time, the demand for the company's products remains at a height, so the company today occupies a leading position in the field of medicine.In the spring of 2021, the International Health Association granted the company a license to produce SARS-CoV-2, a test for detecting covid-19. The volume of revenue received only from anti-weed products today has already amounted to $2.05 billion. With the emergence of new strains of coronavirus, the demand for the company's products will only grow.The TMO quarterly report, released on October 27, turned out to be quite strong. Revenue exceeded last year's figure by 15%, as well as by $ 1.2 billion in monetary terms. In total, it amounted to 37.1 billion dollars. According to forecasts, the amount of revenue will increase by $1 billion, and will amount to $7.7 billion.The forecast for this indicator was $40.5 billion, which shows the excellent position of the enterprise, especially for modern market realities. The growth of the company's asset price index exceeded the S&P 500, and reached 40%. With great probability, we can say that the group's positions will continue to be stable.Another trend of the century is electric carsThe vast majority of major analysts last year warned against acquiring Nio assets. At that moment, no one could have thought that the company's market capitalization could reach $90 billion. The volume of cars produced at the same time is 20 thousand units annually.However, over the past year, the company has managed to become an industry leader, and excellent financial results are expected in 2022. This is despite supply disruptions and other problems associated with the pandemic. The company has several new products that will help it increase its market share in China, and take a strong position on it.In the autumn of 2021, the number of cars produced by the company reached 10,900 units, which indicates an active growth in demand for cars with an engine capacity of more than 130,000 per year. The company is going to release about 600 thousand units of cars by the end of 2022. Nio's management plans to introduce three new electric cars to the world market. If the sales growth of cars remains at the planned indicators, then Nio may well have the opportunity to bypass Tesla by this parameter. At least in the Chinese market.An important advantage of the enterprise is the already launched Battery-as-a-service or BaaS program. It allows you to make a monthly payment, which allows you to change the battery on an electric car in the future or update the battery charge. It will also be possible to buy a car without a battery, rearranging it from old equipment.This system will allow the company to receive high-margin revenue in the long term. In addition, we should expect an increase in customer loyalty to the products. The company's assets showed a 13% growth in 2020, but during 2021 they managed to fall by 44%. Today they are stable at around $30. We are waiting for strong growth.Basic Attention TokenIt is already impossible to imagine the financial world without cryptocurrency. How to choose correctly between all the options – Bitcoin, Litecoin, Ethereum and others, and not be left out? An interesting option is offered by the Basic Attention Token.Over the past six months, investors' attention has been focused on tokens supporting the application. If we take into account that since the beginning of the year, the growth of bitcoin has approached 73%, then this is a minuscule compared to the start of the Siba-anu meme token, which soared to 47000000%. However, the main investment flow today is considered to be directed to a cryptocurrency that provides support for applications.In the large list of tokens, the Basic Attention Token from Brave Software deserves special attention. In particular, the token is especially attractive for investing for a long period. The company is now managed by B. Eich is the founder of Mozilla and JavaScript.Coins are mined using the Brave browser, where they are obtained by viewing advertising content. The web browser provides a high degree of security due to the built-in ad blocker and functions to block the collection of user data. Allows you to personally view ads released by program partners, as well as earn tokens by viewing it.Throughout December, bears dominated the cryptocurrency market, which negatively affected the VAT. As a result, the price of the token fell by 30% from the historical highs seen at the end of autumn. However, Bravo is confident that the price will recover its indicators very ...
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How to start trading cryptocurrencies
Litecoin/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Monero/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, How to start trading cryptocurrencies Working with virtual currency is somewhat different from conventional trading and has a number of advantages and disadvantages. Having completed training in cryptocurrency trading, you can eventually make a profit incomparable with that offered by many popular types of online earnings. However, starting such an activity, you need to be prepared for losses, especially on the first pairs. If you start working without understanding the intricacies of financial market analysis and using only price movement indicators, trading on cryptocurrency can become a real disaster. To minimize such an outcome, it is important to understand how the cryptocurrency market works and what factors should be taken into account in their activities.Types of cryptocurrencies and their featuresDue to its features, cryptocurrency is a popular tool for trading and exchanging virtual money. Crypto trading courses allow beginners in this field to understand how to make money on this type of currency and increase the available capital. To understand the basics of trading cryptocurrencies, it is worth first considering their features and varieties:Bitcoin is an independent currency that is not controlled by any country in the world. Those who want to understand where to start trading cryptocurrencies should clearly understand what bitcoin is. The exchange rate of this currency is influenced by any facts and actions taking place in the global economy, so if there is a crisis somewhere, it can be unequivocally stated that the bitcoin exchange rate will change.Ethereum is a decentralized computing platform created on the basis of its own blockchain. Its work is based on complex smart contracts. The currency of the same name is traded on exchanges, is used inside the system and allows you to transfer virtual money cheaply. The adaptability of Ethereum makes it an indispensable tool for blockchain applications.Litecoin is a popular digital currency created on the code base of bitcoin. The advantages of Litecoins include its high liquidity, as well as the ability to mine cryptocurrency. It is faster than bitcoin and has a large number of algorithms, which makes Litecoin easy to use.Monero is a currency based on the CryptoNote protocol, which ensures maximum security and confidentiality of transactions. CryptoNote does not allow you to trace transaction blocks, thanks to ring signatures that exclude such a possibility.In addition to these, there are other options. Most of them are an attempt to capitalize on demand and attract new investors. Learning how to trade cryptocurrencies will help you figure out which ones are worth paying attention to, and which ones are better left aside.The price of cryptocurrencies is highly variable. This creates favorable conditions for trading and allows you to quickly earn impressive capital by closing only a few successful transactions. But the risks in this direction are much higher. To do this, you need to clearly understand the intricacies of the process and spend some time on training. We highly do not recommend "stuffing bumps" on your mistakes. A good course will save a few lost deposits.Read more When Bitcoin appeared: telling the story of BTCCryptocurrency trading strategies allow you to trade around the clock. There are no time-limited exchanges here, and there is no centrally set exchange rate either. This situation creates ideal prerequisites for earning money, and cryptocurrency trading lessons will help to understand the intricacies of the process.How to invest in cryptocurrencies with the least risk?Training in crypto trading helps to place investments correctly and understand how not to lose the invested funds. If you decide to start crypto trading from scratch, you should use simple tips that will help you save your invested money and increase it as much as possible:Control the size of the investment – you should not invest more than you are willing to lose.Invest not only in Bitcoin. There are a lot of virtual currencies on the market that also have a certain value. It is better to choose 3-5 options at the same time, so you can insure yourself if one of the types of crypts suddenly subsides. Among successful traders there is an unspoken rule "do not put eggs in one basket" – follow it and you.Use hedging. To minimize price risks at the time of opening a position in one market, open an equal, but opposite-directed transaction in another. Precious metals and stocks of stable companies will be a great help and reduce the risk associated with investing only in crypto assets.Learning to earn money on cryptocurrency will help you understand the subtleties of the process and minimize actions that can lead to the loss of invested funds. In any case, this is just the beginning of the way, but having figured out how to learn how to trade on the cryptocurrency exchange, you will be able to develop your own strategies in the process that can protect you from the loss of invested capital.Read more: Everything you need to know about Ethereum (ETH)The basics that a trader cannot do without.Learning to trade cryptocurrencies from scratch begins with an analysis of the basic concepts, without which it will not be possible to do in the future.Among the key aspects , it is worth highlighting the following:Cryptocurrency. This is the name given to the form of electronic money, for the storage of which not centralized accounts are used, but a blockchain network. Cryptocurrencies are variable – some are quite popular and cause increased interest among traders, others have only recently appeared and should be treated with caution. No one knows how this or that currency will "shoot" over time. For example, those who were not afraid to invest in bitcoin at the dawn of its formation, managed to "raise" about 800% of profits in just a year.Block. Every operation that takes place on the bitcoin network is recorded in a 1 MB file called a block. We can say that this is a kind of registry that contains information about the last few transactions made on the bitcoin network.Blockchain. This is a virtual database in the form of blocks containing data on the number of coins stored in the account and transactions with them. The information that is recorded in the blockchain is either a list of transactions or a time frame for registering wallets. You can view the necessary information at the wallet address, if it is known.Trading cryptocurrency on the stock exchange is an exciting business, but not as simple as it may seem at first glance. Therefore, before you start, you should learn as much as possible about the process and undergo special training.Read more: What is Litecoin?Why do I need to learn cryptotrading?Newcomers to the world of cryptocurrencies often do not think about how much they need to know and take into account in their activities so that trading on the stock exchange brings profit. Studying cryptocurrency trading for beginners, you can understand:what are the different types of crypto trading and identify the pros and cons of each of them;how and what can be traded on the crypto exchange;what kind of profit can you get in the end, and how to achieve it;how to effectively manage the invested capital so as not to burn out;risk management rules;what is the difference between short-term and long-term trading plans, and how to make each of them.After taking courses under the guidance of an experienced trader, you will be able to understand what stage the cryptocurrency market is at at the moment and how to determine with the greatest probability what will happen next. This knowledge will be useful not only for beginners, but also for those who already have minimal experience in working with the crypt.Read more: Crypto wallet: the most important & practical tipsHow to start studying cryptotrading?Earning on cryptocurrency does not require large investments of time and money, but to get started, you will have to undergo special training.Please note that cryptocurrency is a high-risk asset. The level of risks is incomparable with trading, for example, on stock exchanges.It is best to use the help of professionals, because each cryptocurrency trading course has its own characteristics.Based on their professional experience, successful traders create their own and adapt existing strategies taking into account current trends. After completing a good course of study, beginners receive a detailed "roadmap" that allows them to start their own path in the world of cryptocurrency trading from beginner to pro ...
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What should I do if my cryptocurrency was stolen?
Bitcoin/USD, cryptocurrency, What should I do if my cryptocurrency was stolen? Cryptocurrency is gaining popularity today. Including among scammers. For example, in 2021, they stole $7.7 billion worth of cryptocurrencies. The main problem is that there is no clear and understandable way to protect the investments of crypto investors yet. This applies to both Russia and other countries. Therefore, the rescue of drowning people becomes their own business: the investor needs to know how to protect their money and what to do if they are still stolen.How is cryptocurrency usually stolen?There are several of the most common ways:Abduction from a crypto wallet;Theft when using the exchanger;Hacking the trading platform;Phishing;Financial pyramids.Phishing is a favorite method of kidnappers. Scammers use fake sites similar to the sites of exchanges or exchangers. If an investor enters data there, fraudsters get his personal information and access to digital assets. Therefore, try not to go to suspicious sites, do not open questionable messages.Crypto exchanges that store their users' data may also be attacked. Sometimes the exchanges themselves commit thefts from the owners' digital wallets.How to protect yourself?In order not to think about how to return the stolen, it is better to take preventive measures:Do not store all cryptocurrency in one place;If your assets are on the exchange's accounts, then take care of creating an additional crypto wallet;Hardware or paper wallets are better suited for storing a large amount of cryptocurrencies;Carefully approach the choice of an exchange or an exchanger. Before making the first transactions, check the information about the counterparty. Conveniently, this can be done in CoinMarketCap;Work only with proven players of the crypto market, for example, with Coinbase (COIN) or Binance (BNB);Take care of protecting your PC. Install an antivirus and use only a secure internet connection.Performing these simple actions will significantly secure your crypto assets.Read more: Crypto wallet: the most important & practical tipsWhat should I do if the money has already been stolen?This is a sad situation. There is a chance to return the lost cryptocurrency, but it is insignificant. After all, there is no well-developed legislation in the cryptosphere, nor ways for law enforcement agencies to solve crimes.What is still recommended to do:Record as much information as possible: correspondence with scammers, screenshots of the site. This will allow you to identify the fraudster and, possibly, prove his guilt in court.If you notice the theft of funds from one of your wallets, freeze all the others or promptly change passwords.Contact the exchange to identify the thief. If the money was not stolen from the exchange, then you can use blockchain block browser services, for example, Chainalysis or Crystal.Do not rush to file a police report. It is better to seek help from lawyers.But the most important thing is to approach with caution questionable projects offering to invest in ...
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Blockchain industry: main trends and key beneficiaries
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, 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
Bitcoin/USD, cryptocurrency, 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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