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Forex forecast for today, September 13, for USDJPY, USDCAD, Cryptocurrencies & Gold
USD/CAD, currency, USD/JPY, currency, Ethereum/USD, cryptocurrency, Gold, mineral, Forex forecast for today, September 13, for USDJPY, USDCAD, Cryptocurrencies & Gold USD/JPY: The "American" keeps losing groundThe American currency is moving in a slight decline, having made an unsuccessful attempt to develop growth. The instrument USD/JPY continues to remain at a record high, updated a week earlier, and the U.S. currency is waiting for the next stimulus.The Japanese regulator continues to take a wait-and-see approach, refraining from tightening monetary parameters that runs counter to the world's emerging market central banks. Thus, the ECB had announced the previous day about its interest rate hike by 0.75%, and the U.S. Federal Reserve System confirmed its intention to raise the same indicator for the third time in a row, while the Japanese Central Bank is keeping the negative rate, wanting to get rid of deflationary phenomena in the economy. Investors are concerned about the weakening yen rate unilaterally. Today's release in Japan is not likely to provide support for the yen. However, manufacturing activity for Q3 strengthened by 1.7%, after previously showing a decline of 9.9% quarter-on-quarter.Resistance levels: 143.48, 145.00, 146.00, 147.00.Support levels: 141.50, 140.78, 139.67, 138.50.USD/CAD: trades within multidirectional dynamicsThe Asian session demonstrates the attempt of USD/CAD pair to hold below the level of 1.3000. Earlier the asset was under steady pressure of the "bearish" impulse received on September 7, but the "bulls" sentiment was able to partially restore positions by the end of trading, allowing to close the session on Monday at the local minimum of August 26.Even weak statistics on the employment market, released the previous day, could not prevent development of positive dynamics of the Canadian currency, which showed a decline of 39,7 thousand working people, outstripping negative value for the previous period of -30,6 thousand, while the market expectations for growth by 15,0 thousand. August indicator of unemployment strengthened to 5.4% against 4.9% earlier, beating forecasted growth to 5.0%, and average pay per hour increased to 5.58% from 5.44%. Moreover, the manufacturing sector showed significant strengthening, rising to 83.8% from 81.9% for Q2, beating market forecasts for growth of 82.5%.Resistance levels: 1.3000, 1.3050, 1.3100, 1.3150.Support levels: 1.2950, 1.2900, 1.2850, 1.2800.Cryptocurrency Market OverviewThe cryptocurrency ETH is trading in moderate growth, testing the 1720.06 mark.Last week was marked by the activation of the Bellatrix fork, which is a key milestone to move the core network to use the new PoS (Proof-of-Stake) consensus algorithm, allowing developers to confirm assumptions that Ethereum 2.0 users were able to switch to the updated software and prepare for infrastructure modifications. However, there is a high probability of the risk of encountering chain incompatibilities and losing the ability to conduct activity in the updated space if the updates are ignored. In the current environment, crypto investors are waiting for the launch of the final version of Paris, the launch of which will reduce the speed of ETH issuance to 1.6 thousand coins compared to 13.0 thousand in the present one, and the entire segment of electronic assets will receive a powerful signal support for the global dynamics of "bulls". Thus, the former head of BitMEX Arthur Hayes already made a statement, according to which ETH can reach the level of 3000.00, which is possible due to the developing DeFi in the market.Resistance levels: 1900.00, 2208.00.Support levels: 1518.00, 1242.00.Gold pricesThe precious metal is showing positive momentum, testing 1727.0.Contrary to the proximity of the asset's quotations to the annual low, the level of demand for physical gold purchases and contracts from investors continues to grow. According to the Australian Mint, August alone saw a combined 84,900 ounces sold in coins and bars, which was 57.4% higher than a year ago, and 7.2% higher than in July. As reported by the U.S. Mint, annual gold sales totaled 857.0 thousand ounces in coins, surpassing last year's mark by 1.2%, while sales within Canada for Q2 were 31.9 million Canadian coin dollars compared to 24.8 million Canadian units last year.Resistance levels: 1734.0, 1780.0.Support levels: 1696.0, ...
Bitcoin's halving gets closer by almost six months
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Tether, cryptocurrency, Solana, cryptocurrency, Bitcoin\'s halving gets closer by almost six months Bitcoin has renewed its highs in three weeks.Capital outflows from cryptocurrencies were the highest in three months. Bitcoin's hash rate renewed its record peak, pushing its halving date to Q4 2023.Solana jumped on the rise of NFTs issued on the blockchain. Bitcoin rose 3.6% on Monday, ending the day near $22,400 amid rising stock indexes and a weakening U.S. dollar. BTC tested highs in more than three weeks near $22,500.According to TradingView, the correlation between bitcoin and the S&P 500 index began to strengthen again last week. BTC's reliance on the U.S. stock market fell to a one-year low in August.Solana (+7.8%) showed the highest daily gain in the top 10. Despite the market decline, the number of non-interchangeable tokens (NFTs) issued on Solana's blockchain rose sharply, reaching 312,000. In parallel, the trading volume of collectible assets on the network jumped as well.According to CoinShares, net capital outflows from cryptocurrencies last week were $63 million, a figure that was the highest in the past 12 weeks. Meanwhile, outflows from Ethereum funds accounted for $62 million and bitcoin funds for $13 million. Investments in funds that allow shorts on bitcoin rose by $11 million.Institutional investors have maintained interest in blockchain and cryptocurrencies despite the bear market, according to State Street, the second oldest bank in the United States.The bitcoin network's hash rate updated to an all-time high of 281.79 million terahash, shifting the projected next halving date from May 2024 to Q4 2023.Bank of America has allowed Ethereum's institutional adoption to rise following The Merge, which will take place in the middle of this week. In anticipation, the Chicago Mercantile Exchange (CME) launched options on Ethereum.Search giant Google hasn't stayed away from Ethereum's imminent transition to the PoS algorithm - the company has launched a countdown timer to the merger and created a special "doodle."According to a Harris Poll, cryptocurrency investors are much more likely than traditional investors to hope to become billionaires - this was the answer of 70% of respondents with investments in cryptocurrencies.USDT issuer, Tether Operations Limited, has issued a steblecoin on the NEAR network. The NEAR Protocol platform supports open-source smart contracts, has high bandwidth and is designed to create decentralized applications.On September 19, cryptocurrency exchange Huobi will delist seven anonymous cryptocurrencies, including Dash (DSH), Monero (XMR), Zcash (ZEC). This is due to increased pressure from ...
Bitcoin has fallen below $19,000 - what's going on?
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Bitcoin has fallen below $19,000 - what\'s going on? Bitcoin has broken through the sideways consolidation of recent days.Glassnode is allowing BTC to fall to $17,000. The IMF has called for global regulation of cryptocurrencies.A Bellatrix update has been activated on the Ethereum network.Bitcoin collapsed 4% on Tuesday, ending the day around $19,000 amid negative stock indexes. BTC intensified its decline after breaking support for the past week and a half around $19,600, testing the lows of late June around $18,700.The International Monetary Fund (IMF) has called for global regulation of cryptocurrencies, which have evolved from niche products into a payment instrument, speculative investment and hedging tool. Recent bankruptcies of issuers, exchanges and hedge funds only reinforce this need.Europol has praised blockchain technology as a tool for fighting crime. Blockchain's ability to track transactions makes it easier to find and recover stolen funds, the agency said.The Ethereum team has activated the Bellatrix upgrade. The upgrade is the last step before migrating the core network to the PoS algorithm. The Merge is expected to be completed on Sept. 15.Investment giant Franklin Templeton, which manages more than $1.4 trillion in assets, announced the launch of an exchange-traded fund (ETF) focused on meta-universes.According to media reports, streaming service Netflix will ban cryptocurrency advertising in a new ad-supported ...
Analytical Forex forecast on August 29, for EURUSD, GBPUSD, AUDUSD & Cryptocurrencies
AUD/USD, currency, EUR/USD, currency, GBP/USD, currency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Analytical Forex forecast on August 29, for EURUSD, GBPUSD, AUDUSD & Cryptocurrencies GBP/USD: pound has updated the 2020 minimumThe British currency is moving in a "bearish" trend, developing a downward trend since last Friday. The GBP/USD instrument has updated the minimum peak of the last 40 years, being at 1.1650 with the prospect of further decline.The pound continues to be pressured by record inflation in the United Kingdom and the entire eurozone against the background of a record strengthening in the cost of energy. On the eve of the cold snap and preparation for the heating season, officials have launched an information program to prepare their citizens for the rise in the cost of heat and electricity. According to Ofgem (UK Gas and Electricity Markets Authority), voters will see an 80% increase in the cost of electricity during October, an increase of 1.86 thousand. dollars due to the aggravation of the geopolitical crisis in eastern Europe, which is actively pushing the prices of "blue fuel" to increase. Analysts note that these figures are not final, because by April next year, the strengthening of prices may reach 7.7 thousand dollars in annual terms.Resistance levels: 1.1700, 1.1758, 1.1800, 1.1854.Support levels: 1.1647, 1.1600, 1.1531, 1.1470.EUR/USD: the US regulator supported the tightening of monetary policyThe EUR/USD trading instrument is trading within the downward dynamics, testing the 0.9916 mark, having the opportunity to set a new anti-record today, breaking through the next support threshold of 0.9880.The growth rate of the European economy has slowed down noticeably, because representatives of Gazprom confirmed the information that the pumping of natural gas in the period from the end of the month to September 2 will be stopped as part of preventive procedures for the turbine on the Nord Stream main gas pipeline. Analysts question the announced terms of repair work and allow the complete blocking of the work of the GTS, which will act as a catalyst for the growth of prices of "blue fuel" to new record levels. So, according to a source from trading platforms on Friday, 1 thousand. cubic meters on ICE (London Intercontinental Exchange) reached $ 3507.0, an absolute record of the last 26 years.Resistance levels: 1.0000, 1.0322.Support levels: 0.9880, 0.9660.AUD/USD: "bears" maintain dominance in the pairThe AUD/USD instrument is trading within the unstable dynamics, showing a decline at the beginning of the session to the level of 0.6842, despite the positive macroeconomic background.According to the Australian Bureau of Statistics, retail sales increased by 1.3% on a monthly basis against 0.2% last month, with market expectations of 0.3%, while the annual figure was recorded at 16.5%. The leader of the strengthening was department stores, which added 3.8%, which in numerical terms is 67.7 million dollars, while according to experts, the level of clothing sales increased by 3.3%.food products by 1.2%, cafeteria and restaurant business by 1.8%. The only segment that displayed a negative trend went to household goods, which showed a decrease of 1.1% or 68.8 million. dollars in monetary terms. On August 30, the release of data on approved applications for construction work was announced, and experts expect that based on the global trend, the level will drop by another 2.0%.Resistance levels: 0.6927, 0.7050.Support levels: 0.6806, 0.6681.Cryptocurrency Market OverviewThe previous week ended with BTC's attempts to win back losses, but the negative dynamics only intensified, pushing the asset from the level of 21875.00 to 19500.00."Digital gold" continued to lose its position, as did the vast majority of altcoins on the statement of the chairman of the US regulator. So, during the symposium in Jackson Hole, rumors were confirmed that the regulator would continue to adjust the key indicator, even with the threat of considerable pressure on the growth rate of the economy. At the same time, the head of the financial department noticed that it was impossible to pause the cyclical increase or reduce its pace, even though the consumer price index could have already passed its peak. Only after the indicator approaches the limits of the set level necessary for the stability of the downward dynamics of inflation, it will be fixed on it, and will not continue to fall. Apparently, the "hawks" continue to hold the advantage in the US Federal Reserve, which did not justify the forecasts of market participants who expected a correction in the level of increase in monetary parameters in the United States, after inflation moved away from the peak of 9.1% to the current 8.5% in July. In the present, it is known that the regulator will continue the rate of increase in indicators, and the US dollar will continue to strengthen relative to all its competitors in the world market.Resistance levels: 20312.50, 21093.75, 21875.00.Support levels: 19531.25, 18750.00, ...
Analytical Forex forecast on August 26, for USDJPY, USDCAD, S&P 500 & Cryptocurrencies
USD/CAD, currency, USD/JPY, currency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, S&P 500, index, Binance Coin, cryptocurrency, Analytical Forex forecast on August 26, for USDJPY, USDCAD, S&P 500 & Cryptocurrencies USD/CAD: Unemployment in Canada is decliningThe "Canadian" is making attempts to restore lost positions against the US currency due to positive macroeconomic data on the national employment market. The USD/CAD instrument is trading under pressure, testing the 1.2954 mark.According to StatiCanada (Statistics Canada), the employment index in the services segment increased 0.6% in June, and positive dynamics was recorded in the vast majority of areas – the educational sector added 1.9%, food – 1.3% and the healthcare sector – 0.4%. The total growth of new jobs for the reporting period amounted to 3.2%, showing an increase of 1.0 million vacancies in a row for three months and an increase in the demand for labor by 1.4% compared to May of this year – up to 17.7 million. The leaders of the most sought-after specialties remain healthcare specialists, the growth in the number of vacancies for which increased by 40.8% year-on-year and by 0.2% per month. Economists note that the Canadian employment market is developing an active upward trend, which will lead to positive growth of the Canadian economy.Resistance levels: 1.2990, 1.3222.Support levels: 1.2893, 1.2727.USD/JPY: US economy continues to declineThe Japanese currency intends to seize the initiative in conjunction with the "American" amid the publication of positive macroeconomic data. At the moment, the instrument is trading at 137.00.The cost of corporate goods and services for the year remained at the same rate of 2.1%, slightly inferior to market expectations of 2.2%. At the beginning of the trading day, statistics on the index displaying consumer prices in the capital of Japan for August were published, which showed an increase in inflation in annual terms from the previous 2.3% to 2.6% in the present. When accounting for fuel and food group of goods, the strengthening was from 2.5% earlier to 2.9% at the current time. As noted by economists, Tokyo often displays an indicator that is as close as possible to the national value, and having exceeded the threshold of 3.0%, it gives a positive signal, allowing the regulator to extend the period of implementation of its ultra-soft policy.Resistance levels: 137.45, 139.45.Support levels: 136.15, 132.85.Overview of the S&P 500 indexThe S&P 500 index shows moderate growth, trading at 4193.0.The US stock exchange is in correction, and the further prospects for the movement of indicators will depend on the nature of the statements of the chairman of the regulator of the United States. Recall that Jerome Powell will speak at the symposium held in Jackson Hole, announced at 16:00 (GMT+2). Economists predict the continuation of aggressive steps, but the tightening of monetary policy may be adjusted, since there is a certain split between the officials of the US Federal Reserve. On the eve of the labor market, positive statistics were released, showing a decrease in the number of initial applications for registration of the status of unemployed from 245.0 thousand last week to 243.0 thousand in the present. The consumer price growth index for July decreased to 8.5% from the maximum level of 9.1%, which will allow the national regulator to reduce the rate of interest rate increase to 0.50%, instead of the previously expected 0.75%.Support levels: 4110.0, 3900.0.Resistance levels: 4310.0, 4631.0.Cryptocurrency Market OverviewAs of the end of the current trading week, experts cannot agree on the reasons for the continued strong pressure on the cryptocurrency market, which caused a correction of key assets of the digital segment in the market, which led to an outflow of investments from tokens, collapsing the market capitalization below the psychological threshold of 1.0 trillion dollars. According to economists, the reason could be caused by the massive sale of bitcoins by one of the major asset holders. In addition, the correction could have been caused by the decision of the US House of Representatives Committee on Energy and Trade to begin auditing the largest mining companies and their impact on climate change. Investors expressed concerns that such measures could lead to a partial or complete shutdown of cryptocurrency mining in the United States.On the eve of the end of the week, the cryptocurrency market was able to recover only a small part of the losses incurred the day before. So, BTC reached the mark of 21400.00, having sank by 0.3%, ETH is testing the mark of 1660.00, having strengthened by 2.5%, USDT is held at the limit of 1.0001, having moderately increased 0.01% in price, BNB reached the indicator of 296.00, having lost 1.3%. At the end of the week, the capitalization level reached 1.031 trillion US ...
Analytical Forex forecast for today, August 23, for EURUSD, Brent, FTSE 100 & Cryptocurrencies
EUR/USD, currency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, FTSE 100, index, Brent Crude Oil, commodities, Analytical Forex forecast for today, August 23, for EURUSD, Brent, FTSE 100 & Cryptocurrencies EUR/USD: the bearish trend has intensified in the pairThe single currency of the EU has weakened significantly, as part of the development of the downward dynamics formed the day before, and is trying to gain a foothold below the psychological mark of 1.0000, updating the minimum of the last two decades.Earlier, the European regulator stated that the course of tightening monetary policy will continue despite the high risks of a recession in the first economy of Europe – Germany, already in the coming winter. The cost of energy carriers also acts as an additional "anchor" that has every reason to provoke a full-scale energy crisis. Thus, representatives of Gazprom PJSC, which acts as a key supplier of "blue fuel" from the Russian Federation to the European markets, announced a week earlier preventive work that will last for three days, due to which the supply of gas to the EU countries will be stopped.Resistance levels: 0.9950, 1.0000, 1.0050, 1.0100.Support levels: 0.9900, 0.9850, 0.9800, 0.9750.Cryptocurrency Market OverviewAccording to information from trading platforms, last week ETH ended in the "red" zone, being influenced by the global negative background in the electronic asset market, reaching the level of 1520.00.Analysts note that the world's second most popular cryptocurrency has lost ground due to a serious decline in BTC, allowing the "bears" to seize the initiative on all major altcoins. In the short term, the asset will trade within the framework of multidirectional fluctuations in value, remaining under the influence of uncertain trends. Thus, market participants took a wait-and-see attitude, waiting for comments from the chairman of the US regulator Jerome Powell, in which further steps to tighten monetary parameters may be announced, and even an acceleration in the growth rate of the key indicator, because the consumer price index in the US, even though it showed a decline to 8.5%, is nevertheless far from the target level. The asset is supported by investors' expectations of launching the Ethereum network for new PoS (Proof-of-Stake) algorithms. The modification is scheduled for September 15-16, and in the present, the development team is working on the security of smart contacts.Resistance levels: 1750.00, 1895.00, 2030.00.Support levels: 1500.00, 1375.00, 1250.00.FTSE 100 Index OverviewThe main stock indicator of the FTSE 100 London Stock Exchange is moving within the framework of a local correction, testing the 7510.0 mark.Experts note the key publication for the UK Stock Exchange of the current week of business activity among various economic sectors. According to preliminary estimates of economists, the indicators continued to slow down, which will lead to a negative trend in the long term. The index of business activity in the manufacturing sector decreased from 52.1 points to 46.0 points, the same indicator in the services segment was adjusted from the previous 52.6 points to 52.5 points. The corporate segment was marked by a key event under the sale agreement by the telecommunications giant Vodafone Group Plc. own division in Hungary. The deal was estimated at $ 1.78 billion, which, according to some economists, is very underestimated.Support levels: 7456.0, 7200.0.Resistance levels: 7558.0, 7693.0.Oil Market OverviewDuring the Asian trading session, Brent black gold demonstrates a multidirectional movement of quotations, reaching the level of 96.50.Earlier, oil was rapidly losing ground, but by the end of trading, the asset made a successful attempt to recover losses, due to the fear of market participants regarding the onset of a crisis in the global economy. The new trading week gave the US dollar an opportunity to moderately adjust positions and move away from the local peak reached by some competitors. Meanwhile, the instrument is under pressure from confirmed information about the strengthening of its positions by Brazil and the United States in Asian countries for the supply of raw materials to their markets. With a significant probability of a further reduction in oil supplies from the Russian Federation against the background of the tough policy of EU economic sanctions, the alternative in energy supplies is becoming an increasingly important topic.Resistance levels: 97.21, 100.00, 102.57, 106.00.Support levels: 93.34, 91.00, 88.79, ...
"Cryptocurrency messiah": The FBI offered a reward for information about the founder of OneCoin
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, \ For the first time in history, a representative of the cryptocurrency world, the "queen of the crypt" Ruzha Ignatova, got on the FBI Ten Most Wanted Fugitives list."For the head" of the fraudster promised $100,000Europol will pay another €5,000 for information about her. But it is difficult to find Ignatova: according to rumors, she has changed her appearance and passport, may be hiding in Germany, Russia, Ukraine or Dubai.Ruzha lured from crypto investors from $4 billion to $15 billionThe media believe. The fraudster used the principles of "Herbalife" and religious cults. Participants of the scheme received money for selling dubious courses and bonuses for new participants.OneCoin was founded in 2014 at the peak of the popularity of cryptocurrencies. The value of Bitcoin at this moment reached $300. The media shared stories of people who suddenly got rich on the crypt. But few people understood how the tool worked. Scammers, including Ruzha, began to profit from this.Ignatova was looking for "adherents" who do not understand the principles of blockchainThey were forced ideas about easy wealth, they were assured that OneCoin would "kill" Bitcoin in a few years. A lot of money was invested in PR: the "queen of the crypt" boasted of diplomas, a doctorate and a cover photo of Forbes magazine. The latter, by the way, was fake.OneCoin investors have not invested in tokens: for five years of operation, the company has not had its own blockchain. The company referred to technical problems and offered to invest more. And the crypt was promised to those who buy premium courses and books worth from several hundred to tens of thousands of euros.The swindler collected stadiumsAlready in 2015, her company received about $100 million per quarter. By 2016, OneCoin expected a profit of up to $2.5 billion. But when depositors did not receive dividends for three years, and the launch of the exchange and the blockchain was postponed again, people began to have questions."The trick with the disappearance" by IgnatovaIn the fall of 2017, Ruzha was supposed to speak at a major OneCoin convention in Lisbon, but she never appeared on stage. Even the head office of the company did not know where the founder of OneCoin had gone. Apparently, a few days before that, she flew from Sofia to Athens and disappeared.The inner circle did not have time to follow Ignatova's example. The authorities arrested Ruzha's brother Konstantin Ignatov, co-founder of the company Sebastian Greenwood and other participants in the scheme. By 2019, almost 100 people associated with OneCoin had been charged. But the fate of the "cryptocurrency messiah" is still ...
Analytical Forex forecast on August 19, for EURUSD, WTIl, CAC 40 & Cryptocurrencies
EUR/USD, currency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, CAC 40, index, WTI Crude Oil, commodities, Tether, cryptocurrency, Analytical Forex forecast on August 19, for EURUSD, WTIl, CAC 40 & Cryptocurrencies EUR/USD: Euro remains under pressure due to inflationThe current week has shown an active correction of the EUR/USD instrument, which is currently testing the 1.0080 mark, continuing to be under pressure due to rising inflation.According to the data published yesterday, consumer prices in the European Union countries increased the growth rate from the previous 8.6% to 8.9% in July, and the base indicator strengthened to 4.0% from the previous 3.0%. The production indicator in Germany, on the contrary, lost ground to 37.2 against the previous 32.7%. Inflationary pressure in the eurozone countries continues to show moderate but steady growth, which is why tariffs, electricity and food group goods are becoming more expensive. Economists fear that inflation is only gaining momentum and the record peak has not yet been passed, which can be confidently said about the United States, where the released data showed a slight decline in the consumer price index. Meanwhile, the eurozone regulator will have to continue raising interest rates, increasing the risk of a recession in the economy. According to the statement of the ECB board member, Isabel Schnabel, the measures taken are not enough to effectively combat inflation, because the agency will continue to adhere to the policy of "hawks".Resistance levels: 1.0253, 1.0376, 1.0500, 1.0620.Support levels: 1.0009, 0.9887.Overview of the CAC 40 IndexThe French stock exchange is showing bullish dynamics during the trading session on Friday due to the reduction of the domestic bond market. At today's session, one of the key stock indicators of the CAC 40 is trading at the level of 6543.0. The investor was confirmed by the publication of the report of only one brand - Christian Dior SE, which displayed quarterly revenue at around 36.73 billion. the euro, as stated by the consensus forecast earlier. The profitability of the company's shares reached 14.84 euros, reflecting a positive indicator that allowed the securities to strengthen on trading platforms.The domestic bond market continues to develop a global downward correction, and the yield level of popular 10-year government securities amounted to 1.684%, yielding to the July indicator of 1.853%. The long-term segment of 20-year bonds is displayed similarly, the yield of which was 2.082% against the designation in July of 2.287%. The medium-term segment of 3-year bonds showed a yield of 0.98%, 5–year - 1.27%, which is lower than the last placement of 1.00% and 1.47%, respectively.Resistance levels: 6612.0, 6891.0.Support levels: 6424.0, 6074.0.Oil Market OverviewThe cost of North American light WTI grade oil shows flat dynamics, being at the level of 89.60 due to the published data the day before.The central factor creating pressure on the quotes is the situation around the export of "black gold" in Iran. If at the beginning of the summer season, economists were worried about global fuel demand in the context of the resumption of exports of cheap Iranian oil to world markets, now, as extreme publications show, the indicator for March 21 to July 22 shows an increase to the level of 30%, which is displayed numerically 870.0 thousand barrels per day - a record designation among the total the number of companies producing raw materials in the West Asian region. The growth dynamics showed the highest rates since 2018, in which the United States decided to withdraw from the "nuclear deal", while official Tehran's income for oil supplies showed an increase of 481% during the first four months of the calendar year in Iran.Resistance levels: 93.33, 100.00.Support levels: 86.41, 78.55.Cryptocurrency Market OverviewDigital assets are traded under the influence of two opposite factors. The negative trend of the crypto market is indicated by the publication of the final minutes of the last meeting of US Federal Reserve officials, however, the rapid collapse until Friday was held by investors' hopes about the imminent transition of Ethereum to new PoS (Proof-of-Stake) algorithms, which attracted the attention of all traders interested in the cryptosphere. Following the results of Wednesday, the minutes of the meeting of the US financial department were published, confirming the tightening of monetary parameters within the framework of achieving the target inflation rate of 2.0%, therefore there will be no breaks between the increase in the key indicator. During the cyclical tightening of monetary parameters, the US dollar will receive support against alternative instruments. Experts note the truthfulness of the forecasts of the head of Galaxy Digital, Michael Novogratz, who said the day before that the dominance of the "hawks" in the US Federal Reserve will inevitably lead to a correction of the entire segment of digital assets, and BTC quotes will not be able to overcome the resistance level of 30000.00 until the end of this year, but will fluctuate around 20000.00 – 30000.00.The cryptocurrency market ends the current week with an active fall. The collapse of positions occurred during Friday's trading session without any correct factors, because economists can only link the decline in assets with the speculation of "whales". Currently, BTC has reached 21800.00, having lost 11.5%, ETH is testing the 1730.00 mark, having sank by 14.8%, USDT has gained a foothold at 1.0000, having fallen by 0.02%, and BNB is trading at 280.00, whose losses amounted to 12.6%. The valuation of crypto assets decreased to 1.048 trillion dollars, having a BTC share of 40.01% in ...
There was a successful merger of the Ethereum Ropsten test network with Beacon
Ethereum/USD, cryptocurrency, There was a successful merger of the Ethereum Ropsten test network with Beacon Today, on June 9, Ethereum developers informed the community about the successful merger of the oldest Ethereum Ropsten test network using the Proof-of-Work algorithm with the Beacon test network using the Proof-of-Stake consensus algorithm, which was one of the final test steps before the full update of the Ethereum 2.0 network.Repeated testing of the chain with Proof-of-Stake, according to the developers, will allow for a secure merger of the existing blockchain with a new version of the block network and obtain a single effective Erhereum blockchain that will not have existing problems and will open the way for the introduction of innovative ideas in the development of a decentralized financial system and the digital economy as a whole.Before the full launch of Ethereum 2.0 with the deployment of PoS, two more mergers of the Beacon network with the Goerli and Seoplia test networks are planned.The final implementation of PoS in the Ethereum blockchain, according to co-founder Vitalik Buterin, should take place in August of this year.The market reacted sluggishly to the technologically important event that took place, and investors did not show high purchasing activity.Ethereum is trading at around $1,800 with no spikes in volatility.The acute foreign policy and macroeconomic situation today has a greater impact on the mood of investors seeking to preserve their capital than the prospect of future income.Therefore, analysts do not predict a surge in volatility even with the full completion of the Ethereum 2.0 update. Volatility may arise, perhaps, only if problems arise in the network that can affect user ...
You can pay with cryptocurrency: which companies accept crypto in 2022
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Visa, stock, MasterCard, stock, Coca-Cola, stock, PayPal, stock, Shopify, stock, You can pay with cryptocurrency: which companies accept crypto in 2022 The governor of the Bank of England, Andrew Bailey, said that bitcoin is impractical as a means of payment. While cryptocurrencies are not being calculated massively. But today, large companies not only use blockchain, but also accept crypto as payment:Coca-Cola. In 2020, the corporation's Asia-Pacific division announced that it would allow customers in Australia and New Zealand to buy drinks with bitcoin and other coins. Payment is available through devices that accept digital payments.PayPal is the first payment system to add cryptocurrency for transactions. The company acts as an intermediary: the service will exchange cryptocurrency for ordinary dollars at the internal exchange rate, which already includes the cost of conversion.Visa and Mastercard, following PayPal, thought about the possibility of conducting transactions with cryptocurrencies. The systems focus on stablecoins, which have collateral in the form of real assets.Shopify is a platform for creating online stores. Thanks to the developers, the owners of these stores can accept cryptocurrency.Emirates. The airline from the UAE intends to accept bitcoins as payment. Moreover, Emirates will add its own NFT tokens to the site. This is not the first airline operating with cryptocurrencies. Latvian airBaltic has been selling tickets for the crypt for several years.Balenciaga, Gucci, Tag Heuer are also starting to accept cryptocurrency. Moreover, the new payment method will be available not only online, but also in regular stores using QR codes. And the first major retailer that started accepting the crypt was Overstock.Brazilian developer Gafisa announced that now an apartment can be bought for bitcoins. So the company wants to attract investors from other countries, and the cryptocurrency helps to transfer funds quickly and ...
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 ...
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 ...
Polygon: Why does Ethereum need "second layers"?
Ethereum/USD, cryptocurrency, Polygon: Why does Ethereum need \ The problems with the scalability of Ethereum are known, perhaps, to everyone who is somehow familiar with cryptocurrencies. At the moment, the network is going through a transformation that should allow it to increase its efficiency, but it is difficult to predict when exactly it will end, since this process is extremely complex and responsible. In order not to wait for the weather by the sea, representatives of the crypto community come up with their own ways out of a problematic situation. One of the projects that decided to make life easier for users was Polygon.Polygon is a so-called Layer-2 solution for the Ethereum network. The main component of Polygon is an adapted version of the Plasma protocol, with which a copy of the Ethereum blockchain was created - the child chain. Periodically, the system photographs its condition and transmits the impression to the Ethereum blockchain. This is done so that in case of conflicting transactions, users have the opportunity to "roll back” to an earlier version of Plasma (”checkpoint") stored on the Ethereum network.Polygon consists of three levels. The first is where smart contracts work, connecting the Polygon architecture with Ethereum. At the second level, validators function that transmit PoS network information to Ethereum. At the last level, blocks are formed based on transactions occurring on Plasma. This is where developers can place their applications initially running on Ethereum.Lower fees and faster Polygon transactions led not only to the rapid development of the network, but also contributed to the soaring cost of the native MATIC token. Since the beginning of the year, it has grown by ...
How to gift a cryptocurrency
Litecoin/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, How to gift a cryptocurrency What should I give to a person who has everything? The most obvious solution is money. But a more original option is a cryptocurrency: ether, a share of bitcoin or a meme token. You can get a gift remotely, and watching the growth and fall of the crypt will turn into a new hobby.  We tell you what methods of giving exist and which digital currencies to choose as a gift.ContentTo gift a virtual crypto walletTo gift a cold wallet with cryptocurrencyTo gift a voucher for cryptocurrencyDonate cryptocurrency to charityWhich cryptocurrencies to choose as a giftTo gift a virtual crypto walletIf the recipient of the gift already has a cryptocurrency wallet, the issue is solved: it is enough to find out the account number (or by email address) and transfer the necessary amount from their own crypto wallet to the account. Such operations are absolutely legal — individuals in Belarus can buy, sell, exchange, store and send any cryptocurrencies using crypto wallets, exchanges and exchangers. At the same time, the cryptocurrency received as a gift and the income on it is not taxed until 2023.If a friend does not have an account, then you can create a new account, transfer cryptocurrency there and transfer access to it to the recipient.Many popular crypto wallets, for example, exodus or mycelium, do not require an email address when registering — it is easier to transfer such an account, because it is not tied to your personal data. The role of the access key is performed by a code phrase (a mnemonic phrase, a phrase or a seed) — a set of 12-24 words that must be entered in a certain order to gain access to the wallet. This key must be passed to the recipient — for example, to rewrite the phrase in a greeting card.There are three important nuances in this method of giving cryptocurrency:Don't forget to warn the recipient that the passphrase is extremely important. If the owner loses it, he will lose access to the crypto wallet and will not be able to restore it.You cannot change the passphrase or generate a new one for an existing wallet — the text key always remains unchanged. Therefore, in theory, the donor can use it after a while, which creates risks. The best option is to give a friend a temporary wallet (temporary wallet), from which he will transfer money to a personal account. Whether a friend wants to carry out all these manipulations is another question. And it is better to make sure in advance that a person is interested in the crypto market and trading — otherwise the gift is unlikely to please him.Regional restrictions. Many American and European services are not yet available in Belarus, Russia and Ukraine. For example, Coinbase does not officially work in these countries. Sometimes restrictions can be circumvented using a VPN, but the method does not always work. Therefore, you will have to choose from a limited number of services. In Belarus, it will not be possible to buy cryptocurrency without providing personal data, since crypto exchanges are required to verify each client — and this usually requires a passport scan. By the way, you can use not only wallets, but also exchanges for donation — in this case, you give access to an account that already has tokens stored on its account.Read more: What is Bitcoin Core? A simple guideTo gift a cold wallet with cryptocurrencyA cold wallet is a hardware device for storing crypto currency, which is something like a flash drive. This is the safest, but not the most convenient option. If you forget the password or lose the carrier itself, the cryptocurrency will be lost forever. For example, an American Stefan Thomas forgot the password from a flash drive that stores more than 7000 bitcoins, and lost access to crypto accumulations — and this is not the only case. In total, about $140 billion is stored in bitcoin wallets with forgotten passwords.When donating, the risks are about the same as in the case of an electronic wallet. When registering, you will need to create and remember a PIN code-a code and a phrase for restoring access (a phrase for restoring).You can order a wallet only on large marketplaces: the price for the most popular models (for example, Ledger and Trezor) varies from $60 to $260. It depends on how many different accounts the device allows you to have (for example, the Ledger nano c model supports 5-6 accounts, while the Ledger nano x supports up to 100), whether the device has an information display and a battery, whether it supports Bluetooth, and so on. In any case, such a gift will cost more than a virtual wallet with cryptocurrency.Read more: Bitcoin on a flash drive? How to store cryptocurrency correctlyTop hardware wallets for cryptocurrenciesLedger Nano SLedger Nano XTresorTrezor Model TRead more: Crypto wallet: the most important & practical tipsTo gift a voucher for cryptocurrencyA voucher is a kind of gift certificate for the purchase of a crypt. You buy a voucher for a certain amount (for example, 50 euros) and specify the email address of the gift recipient. A special code will be specified in the voucher that will be sent to the post office. The recipient must enter it on the website where the voucher was purchased and specify the wallet address to which the amount in cryptocurrency equivalent to the value of this voucher will be transferred.One of the disadvantages of such a gift is that its recipient will eventually have to deal with the registration of the wallet himself in order to receive cryptocurrency. Also, vouchers are usually available only for the most common cryptocurrencies: Bitcoin, Ethereum, Litecoin. But this is the easiest way to give a cryptocurrency.Where to buy cryptocurrency vouchers:CryptovucherRechargeBit4coinBitnovoCoinsbyDonate cryptocurrency to charityCryptocurrencies can not only be given, but also donated to a charitable foundation. Therefore, if there is a desire to share ether or bitcoin with an NGO or a human rights organization, there are several options:Human Rights FoundationSave the childrenMATTERRainforest FoundationThe Water ProjectTor ProjectAnother option with the support of charity is the creation of an NFT token and its subsequent sale on platforms, for example, Rare. But in this case, you need to create a digital object and find a specialist who knows how to work with NFT platforms. You can attract 500-1000 dollars to Ethereum, even if you do not invest in promotion. And you can transfer the collected money to the fund, if it accepts the crypt, or convert it into fiat and credit it to the organization's account.Read more: What is NFT and why are they worth millions?Which cryptocurrencies to choose as a giftGiving cryptocurrency remotely resembles a long-standing trend in the United States, when people began to give shares of large companies to their loved ones. But the crypto market is not yet so popular among the mass audience. People have heard about it, but they don't quite understand how it works and what principles it works on. With this in mind, even bitcoin is still an unusual and original gift. If you look with an eye to the future, then a good gift option is Ethereum. Another popular project is the Polkado. He has revolutionary prospects and grandiose plans that are being implemented at the same time, which is rare for crypto projects. If a person understands the topic, you can give him an NFT token: for example, a picture or a meme registered as an NFT. But we must be prepared that NFT tokens are very ...
Overview of the Huobi Global Exchange
Litecoin/USD, cryptocurrency, Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, XRP/USD, cryptocurrency, Overview of the Huobi Global Exchange Brief description of Huobi GlobalFounded in 2013, the Huobi Global Exchange is a centralized platform. According to the Coingecko resource, the exchange has an average (8) reliability rating. As of September 2021, 0 cryptocurrencies are traded on the exchange, the most active trading pair is ETH/USDT. The maximum trading volume for the last 30 days was reached on August 7 in the amount of 161,756 BTC.Verification: OptionalTelegram /huobiglobalofficialFaceBook /huobiglobalofficialTwitter /HuobiGlobalDetailed review of the Huobi Global ExchangeHuobi is a cryptocurrency exchange founded in China in 2013. It is registered in the Seychelles. Link to the official website of the exchange — Huobi.com. It provides opportunities for spot, margin, futures (perpetual contracts, options) and OTC trading. Confidently enters the top-3 in terms of trading volume (turnover-over two billion dollars in 24 hours). It exists both in the web version, and in the form of desktop and mobile applications.Read more: What are futures: types, features, advantages and risksWe offer a detailed overview of the functionality of the Huobi exchange, its advantages and disadvantages.ContentGeneral descriptionTeamFunctionalHow to trade on HuobiVerificationHow to trade on the Huobi exchangeMoney managementHT Token - description of the cryptocurrency from HuobiHuobi WalletHuobi Input and OutputCommissionsSafetyTech. Huobi supportComparison with other top exchangesAPI HuobiHuobi ReviewsAdvantages and disadvantagesConclusionGeneral descriptionRegistration on the platform is available to users from more than 130 countries of the world - wherever transactions with cryptocurrencies are not prohibited by law. Huobi is a multilingual platform that supports such languages as Chinese, English, French; German, Turkish, Portuguese, Spanish.TeamThe founder and CEO of the Huobi Group is Leon Lee. Previously, he worked as a computer engineer at Oracle. He graduated from the Department of Automation of Tsinghua University and became a successful entrepreneur in the field of financial technologies.Other team members:The Chief Operating Officer (COO) is Robin Zhu. He has experience in the field of corporate governance and practical data analysis. He also worked at Oracle at one time. Initially, he was deeply interested in the blockchain industry and Big Data.The head of the Security Department (CSO) is Simon Wu. He is responsible for risk management, previously worked in international consulting firms and government agencies, dealing with business security and management issues.The technical director is Roy Zhu. He was a technical expert at Alibaba, a partner and senior vice president of Jinshan Cloud, and also held a management position at Taobao. Is responsible for the research and development of new functionality.FunctionalHow to trade on HuobiThe Huobi exchange is designed to manage cryptocurrency assets in the following ways:Spot trading. Trading with instant settlement, when funds are transferred between the buyer and the seller here and now, based on the current market value of the asset.Futures trading. Trading contracts containing information about the value of the currency and the time of sale. By entering into such a contract, the buyer and the seller undertake to transfer funds at a specific rate and at a specific time. An effective tool for hedging risks.Margin trading. Trading with leverage — the user takes a certain amount of credit funds secured by the assets available to him and thereby can use a larger amount in trading than he has. This increases the potential profit, but also the risks. The available leverage level is individual for each currency.OTC. A P2P exchange platform that connects fiat money and digital assets. It is intended for institutional investors who make large transactions and want to do it completely in the legal field.The index is HB10. It includes 10 top cryptocurrencies, works in conjunction with an investment product that helps to invest funds in the entire basket of promising assets at once.Fiat. Quick purchase or sale of cryptocurrency for fiat money. Supported payment methods: VISA/Mastercard bank cards, Western Union, e-wallets.Huobi Global currently works with 286 coins (770 trading pairs).Read more: P2P: where peer-to-peer networks are usedVerificationTo start trading, you do not need to verify your identity, but you can pass it to expand the withdrawal limits and get access to additional functions. Go to the "Verification" section and enter the necessary information — passport or driver's license number, first name, last name, upload a scanned passport in JPG or PNG.Verification on the exchange is not required, but it gives additional advantages when using the platformThe information is manually confirmed by the exchange's employees, usually it takes no more than two days.How to trade on the Huobi exchangeLet's look at how to trade cryptocurrencies and tokens using the Huobi platform.In the central part of the screen, under the chart, there is a section for creating buy or sell orders. Huobi supports the following main types of orders:Market. The user specifies only the desired amount of cryptocurrency. The transaction is made instantly and at the market price that is at that moment.Limit. The user specifies both the amount and the cost of the cryptocurrency. As soon as a counteroffer appears, the order is automatically executed. All created limit orders are located in the so-called glass (or orderbook).Stop limit. A subspecies of a limit order. While a regular limit order is executed when the specified price is reached or better, the stop limit is executed at the specified price or worse.Trigger-an order (by limit or by market).Advanced tool-creates an order that is executed automatically immediately after the execution of another order. In the right part of the trading terminal interface, there is a history of all completed orders — date, volume and price. And at the very bottom — information about active and completed transactions of a particular trader.Money managementHuobi Global includes a number of opportunities for managing funds for investors. After entering the exchange, the following tools are available:Blocking and mining HT. Holders of the exchange token (HT) can participate in the airdrop. To do this, they need to block at least 100 HT on their account for a period of 7 to 90 days. After the expiration of the period, a bonus is awarded in the form of a certain amount of Huobi Pool Token (HPT).Landing page. Investment of USDT or BTC at interest for 10, 20, 30 days. The interest rate can be entered manually (from 0.01 to 0.09% per day) or set the optimal one. Other users then select suitable options from the entire pool of available offers.Storage of assets. Professional asset storage services for companies and institutions. Clearing and detailed reports are included in the price.Asset management. A digital asset service platform for professional users. There is a choice of three investment strategies with different levels of risk and profitability.Savings (available only after verification). A deposit account with an interest income. The interest is periodically adjusted, at the moment it is 7.28% per annum for USDT and 3.5% for BTC.A new Pool Savings section was also recently opened. This is a tool for working with DeFi tokens. It includes profitable farming of new and promising tokens.Read more: What is an airdrop of cryptocurrencies - is the game worth the candleHT Token - description of the cryptocurrency from HuobiHT is a token, a cryptocurrency officially launched by the Huobi exchange in 2018. Functional purpose and why it is needed:Discounts from 10% to 95.15% on trading fees (depending on the number of tokens held).Participation in events and events held by Huobi.Farming of the HPT token.VIP status.Use as a guaranteed asset with a cross-margin.Deflationary burning scheme to maintain the value of the asset:Asset allocation schemeToday, there are HT holders in more than 180 countries around the world. It is traded, in addition to Huobi, on the Bibox, Bitforex, Coinsbit, HitBTC, MXC, etc. exchanges.Huobi WalletThe universal multi-currency wallet from Huobi Global can be downloaded from the links:For Android - https://play.google.com/store/apps/details?id=com.huobionchainwallet.gpFor iOS - https://itunes.apple.com/cn/app/id1433883012?mt=8The application supports most major cryptocurrencies (BTC,ETH, XRP, LTC, BCH, etc.), stablecoins (USDT, USDC, TUSD, DAI, PAX), most tokens on the Ethereum, Ontology, TRON, EOS blockchains.The main features of the crypto wallet include independent management of private keys, personal control over assets, data encryption, support for multi-signature and the ability to organize joint asset management. The simple interface allows you to perform operations in one click.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesHuobi Input and OutputTo deposit funds to the Huobi Global exchange, you need to go to the Currency Account section, select the cryptocurrency of interest, for example, Bitcoin, and click Deposit.Copy the address and transfer the cryptocurrency to it from an external wallet (you can use a QR code for a quick transfer from a mobile application).The funds are credited to the exchange account after one confirmation by the miners, and after two confirmations they will be available for withdrawal.The minimum deposit amount is 0.001 BTC. The deposit address does not change every time, but only sometimes, the exchange notifies about this by email.To withdraw cryptocurrency, you need to go to the same section, but this time select the Withdraw button.Specify the address to which the coins should be transferred, and the required amount. The commission is indicated in the same window and covers the transaction costs, providing a quick transfer.The minimum withdrawal amount is also 0.001 BTC.Read more When Bitcoin appeared: telling the story of BTCCommissionsType of operation Commission feeSpot trading 0.2% maker and 0.2% takerMargin interest 0.098%OTC trades 0.1-0.2% maker (depending on the currency), 0% takerContract trades 0.02% maker, 0.04% takerEntry without commissionThe withdrawal is individual for each coin, indicated at the time of withdrawal (for example, for BTC — 0.0005 BTC).Read more: What is OTC and what are its featuresThe table shows the standard indicators. Holders of HT tokens can reduce them. With a deduction, the fees look like this:SafetyThe Huobi exchange uses cold wallets, secure connection and data encryption to protect user funds. In addition, the user can independently increase the security level of the account if he performs the following actions:It will enable two-factor authentication — a simple and effective way to confirm login using the Google Authenticator application.It will link the phone number and confirm the email address.Associates accounts in other networks (Google, Facebook, Apple) with the Huobi account.It will set a complex password and an anti-phishing code.Read more: Network security. 2FA - two-factor identification methodsTech. Huobi supportYou can contact Huobi technical support via an online chat on the website. Other contacts and social networks of the project:Telegram https://t.me/huobiglobalofficialFacebook https://www.facebook.com/huobiglobalofficialTwitter https://twitter.com/HuobiGlobalBlog on Medium https://medium.com/@huobiglobalInstargam https://www.instagram.com/huobiglobalofficial/YouTube https://www.youtube.com/HuobiGlobalAPI HuobiThe Huobi Exchange provides documentation for developers (API) for free. It can be found at https://huobiapi.github.io/docs/spot/v1/en/#change-logIn the top menu, you can switch to another type of trading (spot, futures, options, margin swaps). Information on all categories is constantly updated. The developer can subscribe to email notifications to keep everyone up to date with the latest changes.Huobi ReviewsThe site has both positive and negative reviews, there are about the same number of them. Users complain about high commissions, problems with the NEM cryptocurrency, as well as insufficient functionality — despite the fact that the platform keeps up with the times and regularly introduces new features, it is not yet possible to work only with it without resorting to the help of other large trading platforms.Nevertheless, trading volumes show that most users consider the platform to be the best option for exchanging certain currency pairs (the most popular is BTC/USDT).Advantages and disadvantagesAdvantages:The exchange is in the top in terms of trading volume and liquidityOwn functional tokenDeveloping functionalityPositive feedbackOptional verificationA large selection of trading pairsMobile and desktop walletsReferral programDisadvantages:Some functionality has been cut for popular cryptocurrencies. For example Bitcoin and USDTConclusionThe Huobi cryptocurrency exchange is actively developing and tracking current trends, such as earnings on DeFi tokens. A strong team, the introduction of new options, adequate commissions-all this speaks in favor of the site and adds respectability to it. Now there is such a time in the cryptosphere that it is impossible to keep up with trends, otherwise the project will instantly lose part of the market.Read more: What is decentralized finance ...
The illusion of money. Top 5 largest cryptocurrency thefts in history
Ethereum/USD, cryptocurrency, Bitcoin/USD, cryptocurrency, Binance Coin, cryptocurrency, Binance USD, cryptocurrency, The illusion of money. Top 5 largest cryptocurrency thefts in history The alleged theft of cryptocurrency on the Africrypt platform has become the most expensive in history. Any hacking of the exchange negatively affects the value of the cryptocurrency, but hackers arrange attacks not only for the sake of stealing money. Many thus reduce its course. Fierce competition in the market over time only increases the likelihood of such hacks. We calculated how much the most expensive hacks in history cost investors.Binance: $40 millionHacking Binance — the most popular exchange in 2019 cost 7 thousand bitcoins. At the time of the hack, it cost about $40 million. "We discovered a major security breach today, May 7, 2019, at 17: 15: 24. Hackers managed to obtain a large number of user API keys, 2FA codes and, possibly, other information," the report says.The exchange announced that hackers used various methods, including phishing, viruses and other attacks. "During the hacking, hackers were able to gain access to the "hot" Binance wallet, which, at the time of the attack, had about 2% of the funds. In just 44 transactions, the attackers managed to withdraw 7074 BTC, " said Changpeng Zhao, CEO of the exchange. By "other information", the company meant the theft of personal data of customers, which negatively affected the trust in the platform.The exchange announced that it will cover all the lost funds from its funds, and no user will be affected by this hacking. Binance representatives reported that the losses will be covered at the expense of the previously created SAFU fund (user asset Security fund). Previously, 10% of the platform's commission fees were sent to his address.Nicehash: $80 millionOne of the largest thefts can be called the story of the Slovenian company Nicehash, which occurred in 2017. In fact, Nicehash is not an exchange — it is a cryptocurrency miner with an integrated market. Users leased their computing power to those who mined cryptocurrency without investing in equipment. Hackers could easily get new coins.Nicehash has published an official comment: "It is important to note that our payment system was hacked, and the contents of the NiceHash bitcoin wallet were emptied. We are working to verify the exact number of stolen BTC. It is clear that this is a matter of deep concern, and we are working hard to correct this in the coming days. In addition to conducting our own investigation, the incident was reported to the relevant law enforcement agencies, and we are cooperating with them as a matter of urgency."As a result of the investigation, it turned out that hackers stole 4,700 bitcoins, which is approximately $80 million. The company announced the return of 60% of the stolen coins, and in 2019 it froze the payment program for victims of hacking. NiceHash claimed that it reimburses users for funds received from commissions, thereby reducing the platform's profit, and promised to resume refunds in the future.Mt.Gox: $390 millionAnother Japanese exchange, Mt.Gox, suffered in 2013. At that time, the platform handled 70% of all global bitcoin traffic. For unclear reasons, bitcoins worth about $390 million went missing. It turned out that for two years the hacker stole bitcoins from users ' wallets, but the platform recognized the expenses as deposits and charged some users up to 40 thousand additional bitcoins.After that, the head of the exchange, Mark Karpeles, announced that he was resigning from the board of the Bitcoin Foundation. At the same time, an official document of the administration leaked to the network, which showed the deplorable state of the platform. It followed from the text that unknown attackers stole about 744 thousand bitcoins, and the exchange administration is not able to pay off its users, since the stolen amount is huge. Karpeles was arrested and charged with embezzlement.In February 2014, it declared bankruptcy, when the company's debt reached $63.6 million, and the number of creditors exceeded 127 thousand people. In addition, it turned out that the platform itself was affected - 120 thousand of its own bitcoins were stolen from the exchange. At that time, experts predicted the collapse of the entire cryptosphere, since the theft affected approximately 6% of the issue of all bitcoins in circulation.CoinCheck: $533 millionAnother major hack occurred in CoinCheck - on the leading Japanese cryptocurrency platform. In January 2018, hackers outside the country infected the exchange's internal network with a virus that was transmitted by email. This allowed attackers to steal users ' private keys. As a result, 523 million NEM coins worth $533 million were stolen.This amount was in a cold wallet, which is safer from possible attacks or theft than hot wallets. The company itself has acknowledged problems and failures in the management of the cold portfolio: the theft occurred due to the neglect of the storage of this cryptocurrency. The CoinCheck exchange did not use smart contracts with multiple signatures, so all coins were stored on the same wallet.However, such a large theft did not lead to the collapse of the cryptocurrency market. CoinCheck does not have such a systemic importance as Mt.Gox and other exchanges had at the dawn of the crypto market development. Its total value at the time of the theft was less than 0.25% of the value of the entire cryptocurrency, and the options for buying and selling crypto assets are very different today. The quick reaction of CoinCheck allowed to reassure investors, who were reimbursed in full.Africrypt: $3.6 billionThe founders of the investment platform Africrypt, two brothers Amir and Race Keiji are suspected of stealing about 69 thousand bitcoins, which is equivalent to $3.6 billion at the current exchange rate. In April 2021, they announced that the platform had been hacked and the funds stolen. Users were asked not to contact law enforcement agencies, because, according to Amir, this would make it difficult to return the cryptocurrency.However, the investors did not listen to the advice and turned to the law firm Hanekom Attorneys, which initiated an investigation. It turned out that the employees of Africrypt lost access to the site a week before the founders announced the hacking of the platform. Now the case is being investigated by the South African police, law enforcement officers have contacted crypto exchanges to prevent attackers from selling the stolen cryptocurrency.It will not be easy to track it, since special services that confuse transactions were used when sending bitcoins. The site of the site is currently unavailable. Africrypt was launched in 2019, the Keiji brothers promised investors high profits - a huge yield of up to 10% per day. According to Bloomberg, this story can become the largest scam in the field of cryptocurrencies, if the fact of theft is confirmed. Now the court has temporarily liquidated the brothers ' company, they have been given until July 19, 2021 to respond to the court ...
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 ...
Everyone is talking about NFT. What is it and how to make money on it?
Ethereum/USD, cryptocurrency, Everyone is talking about NFT. What is it and how to make money on it? The world's first SMS was sold at auction as a work of art in December of this year.The mobile operator Vodafone has posted a screenshot of the message Merry Christmas ("Merry Christmas"). It was sold in France at an auction in the Ethereum cryptocurrency for €132,680.The reality of 2021 is that a set of pixels can be sold at auction as a painting by a great artist. This is called NFT.The outgoing year is the peak of interest in the topic. NFT is the main word of the year, according to the Collins Dictionary. First, in March, crypto artist Beeple sold NFT for a record $69 million at Christie's auction at that time. In the end, after the recession in the middle, it continued.Twitter founder Jack Dorsey sold a screenshot of his first tweet on the platform in the form of an NFT for $2.9 million, followed by Elon Musk and other celebrities. One of the cases is the same SMS from Vodafone. Let's analyze what the pictures on the blockchain are. What is NFT?NFT (English Non-fungible token) is a certificate of ownership of a unique digital asset. It can be a photo, screenshot, drawing, video or GIF. They are placed on the blockchain, they are bought and sold like works of art at auction.The peculiarity of NFT is that they are not interchangeable. If you exchange some bitcoin coins for others, their value will not change. It doesn't work that way with NFT - there is no general exchange rate of this cryptocurrency, each drawing has its own value, and visually they can be completely similar.For example, the artist Josie has two identical drawings, their cost is different. And this is not the only example. In his collection there are many visually identical NFT tokens with different values.According to one theory, the predecessors of NFT were colored bitcoins. Their functionality was similar to that of NFT. The basic principle of their work was described by the founder of the Ethereum blockchain platform Vitalik Buterin: "The question of legitimacy is which NFTs people find attractive to buy and which are not. If everyone agrees that one NFT is interesting and the other is ineffective, people will prefer to buy the first one because it will have a higher value."How is NFT applied?"You can offer any amount, even $50. If this is the maximum amount that will be offered, I will sell for $50. And I promise that the price for this NFT, for this residence permit will increase by the time I return to Russia. And I know for sure that I will return, even after 100 centuries," says the comedian. The key is that the higher the interest in the topic to which the NFT relates, the higher the value of the token.A more popular way to use NFT is to monetize popularity. "If NFT is seen as a casino that brings profit to already rich celebrities, the result will be less impressive," Ethereum founder Vitalik Buterin criticized tokens. And yet, this is the main way to raise the cost of NFT.In 2013, the meme "Puzzled Chloe" appeared. In 2021, the girl depicted on it decided to sell this photo in the form of an NFT - the starting price was five Ethereum. The trend was followed by Elon Musk - the founder of Tesla expressed his intention to sell his tweet, to which a track dedicated to NFT is attached.Top 10 most Expensive NFT Tokens and their prices:The Merge - $91.8 million  Everydays: the First 5000 Days - $69.3 million  HUMAN ONE - $28,985CryptoPunk #7523 - $11.75 millionCryptoPunk #3100 - $7.67 millionCryptoPunk #7804  $7.6 millionCrossroad - $6.6 millionA Coin for the Ferryman - $6.034 millionOcean Front - $6 millionCryptoPunk #5217 - $5.59 millionHow to buy or sell NFT?NFT tokens are sold and bought on trading platforms. These are platforms specially created for the purchase and sale of non-interchangeable tokens. They are stored, displayed, sold and in some cases even created here.Top 6 platforms:opensea.io.RaribleNifty GatewaySuperRareNBA Top ShotFoundationMore about each:OpenSeaThe largest NFT marketplace. Its peculiarity is the variety of offers, which pushes the rest of the trading platforms into the background.Terms of placement: to publish a token, you must pay a commission. It depends on many factors: the demand for them, the time of day, and so on. It is usually $70-100.Read more: NFT in simple words: what is it and how to make money on itRaribleA Russian platform that has gained worldwide popularity. Its peculiarity is the opportunity for authors to receive remuneration for each resale of their work.Terms of placement: commission of $30-100 for each publication.NiftyGatewayGemini Exchange platform. It has a user-friendly interface and an impeccable reputation.Accommodation conditions: Accommodation is free of charge. Nifty Gateway takes 15% commission from the transaction. When reselling NFT, the author is charged 10% of the transaction.SuperRareA platform that requires confirmation of the authorship of each NFT. To do this, artists develop a specialized certificate.Terms of placement: placement is free, at the first sale SuperRare takes 15% of the transaction.NBA Top ShotNFT platform with the support of the American Basketball League. The concept of the site is to issue and sell digital sports collectible cards.Terms of placement: 5% commission for each sale.FoundationThe platform is considered more advanced in terms of design and functionality. The peculiarity of the site is that in order to get there, you need to get an invitation from some author.Terms of placement: the publication is free, 15% from the sale of the token, with each resale the author receives 10% royalties.Read more: New risks of NFT investorsHow to create an NFT?Let's look at how to do this using the example of the OpenSea platform.What you will need to create an NFT token:Website opensea.ioA crypto wallet (Ethereum, Meta Mask or other) that will be linked to the profileThe content you want to upload as an NFTHow to do it:Opening the website opensea.ioChoose: Create/My collectionsTo add a token, you need to create a collection. We add its logo, name and description.When the collection is created, you can add the tokens themselves to it. Select "Add items", and then "Add new item".Done. We upload the token to the website and put it up for auction.The same steps are described on a special OpenSea page. Every platform has instructions. A video that clearly shows the process of creating an NFT on this site.Read more: NFT - what is it, how to use it, where to store it and how long will they stay with us?NFT ProspectsIn 2021, interest in NFT will remain at least at the proper level. Since May of this year, there has been a decline in interest in these tokens — at that time, their sales fell from a peak of $176 million on May 9 to just $8.7 million on June 15. Nevertheless, interest in the topic remained at such a high level that NFT became the word of the year.  At a minimum, artists and platforms are not going to slow down. In March of this year, SuperRare raised $9 million from investors. The funds are intended for further development and restart in 2022.Next year, many new platforms and token monetization models will appear that will allow authors to control their intellectual property, says Mango Dogwood, an expert at Be In Crypto. There will also be new reward models that will become the basis of their success.Perhaps we are on the verge of revising the copyright paradigm. NFTs are interesting to the music industry. Dogwood says that the authors are interested in this direction. The problem of musicians is that recording studios and streaming services receive the main profit from their work, NFT can change the balance of power in favor of the authors.It seems that the jump in development in 2021 is just the ...
NFT - what is it, how to use it, where to store it and how long will they stay with us?
Ethereum/USD, cryptocurrency, NFT - what is it, how to use it, where to store it and how long will they stay with us? The NFT trend began back in 2017 with the famous blockchain game CryptoKitties. Then the hype for Crypto Cats spread so much in the community that, in addition to selling pictures for 600 ETH, it practically blocked the operation of the Ethereum network itself for several days. With the crypto winter in 2018-19, the excitement for ”cats" subsided, but the tokens of the ERC-721 standard remained and in 2021 created a new NFT-HYIP.According to DeFi trackers, the total sales of NFT at the end of 2021 exceeded $ 13 billion, although at the beginning of the year it was only about 2.5 billion, and in 2020 even less - 14 million.What caused the wave of general interest in NFT? As an ordinary teenager collecting pixel images with whales earns an income of 400 thousand dollars, and at first glance, nondescript pictures are sold for millions of dollars and how long will it last?What is NFT?NFT - a non-fungible token is a token with which a digital impression is created for a unique object. For example, a song, a painting, a football card or another piece of art. The NFT is a digital certificate of this unique item.As the industry developed and interest in tokens grew, NFT began to be used to digitalize unique virtual creations. Thus, the NFT was given the opportunity to fix the unique right to own a digital art object, just as in real life we protect our ownership of tangible property by making an entry in state registers.The manifestation of interest in non-fungible tokens is fueled by outstanding personalities - world stars, politicians, entrepreneurs, bloggers. They consider it a wonderful way to support truly talented craftsmen. In addition, NFT is an alternative for investing in the future, because everyone has not forgotten about the bright breakthrough of cryptocurrencies.Read more: NFT in simple words: what is it and how to make money on itWhere can NFT be applied?Despite the fact that now the main scope of NFT is cute "animals" in crypto games, in fact, this is not the only place where they can be appropriate. Thanks to its properties, NFTs can be used in services that need to be 100% sure that the user is real. At the same time, such a user does not have to be identified, he can remain anonymous, and the mere presence of NFT will give him access to the service or products.For example, on September 25, 2021, the international conference “Money of the Future” was held in Vinnytsia (Ukraine). A special feature of the event were tickets in the form of non-fungible tokens issued on the Polygon blockchain. Participants received their NFTS according to the purchased ticket - Standard, VIP, Afterparty and could remain anonymous if desired. The presence of such a ticket confirms the right to attend the event, while it is impossible to forge it.To buy an NFT ticket, it is enough to connect the Trustee Wallet crypto wallet to the event website and make a payment, the ticket itself will immediately be displayed in the application.The decentralized exchange ExonSwap offers its users to create an NFT on the Tron blockchain, such an NFT serves as a kind of "login” on the site, allows you to provide liquidity to trading pairs and participate in the affiliate program. It is worth noting that this is a unique practice that has not been used anywhere before, more details about this can be found on their ExonCenter website.Another option for using NFT may be the right to photograph models or interview bloggers. For example, the photo models of ValentiVitell and AngelSetFree, selling their NFTs on the Opensea marketplace, provide customers with additional bonuses, you can read in detail in the description of the NFT itself.NFTs have become very common in online games, as they can represent a gaming staff - unique clothes, weapons, etc.Read more: Crypto wallet: the most important & practical tipsThere have also been cases of the use of NFT in the real estate sector - in the summer of 2021, an apartment was sold in the capital of Ukraine using non-fungible tokens.The very idea of owning real objects via NFT is not expected to be ignored. It is much faster to obtain ownership of a tangible object than to formalize this right in real life. For example, the ownership of an apartment is carried out by collecting a package of documents, contacting a notary, drawing up a purchase and sale agreement, obtaining an extract from the state register, and to purchase an NFT, you only need to perform a cryptocurrency transaction in the blockchain.Where and how to store NFT correctly?If initially NFTs existed only on the Ethereum blockchain, today they are implemented in almost all popular networks. You can find NFT on the blockchains Ethereum, Harmony ONE, Polygon, Solana, BNB Smart Chain, Near, Tron, Cardano, PolkaDot and many others. Such an assortment poses a number of problems for users:Firstly, it is difficult to decide on the choice of a network and, accordingly, a marketplace for creating an NFT;Secondly, there is no single application that supports all networks at the same time, and storing NFT on a centralized resource like an exchange is somehow obscene.Therefore, the right solution for storing NFT is to choose a non-custodial crypto wallet (where private keys are only in the user's possession) with maximum network support. For example, Trustee Wallet supports NFT on Ethereum, Polygon, BNB Smart Chain, Harmony ONE and even Ropsten, Rinkeby test networks. Today it is the only crypto wallet with such functionality.Read more: Blockchain technology: how it works and where it is usedLegal regulation of NFTWe live in a world where each state has its own legal system and clear procedures for fixing property rights that have been formed for centuries. How is the issue of ownership of NFT settled from a legal point of view?The answer is simple: nothing. Today, neither the process of creating nor buying/selling tokens is legally regulated.On the one hand, based on the essence and purpose of tokens, NFT can be conditionally considered as a "title document” for a particular object. The right of ownership includes the right of the owner/owner to own, use and dispose of material objects and excludes the possibility of exercising rights to this object by other persons. Roughly speaking, the right of ownership is a monopoly on a thing.On the other hand, intellectual property rights apply to a real object, the author can sell it and dispose of his work as he wants. However, he cannot interfere with the creation and sale of the NFT “attached” to his work. Also, anyone can download or distribute copies of the object, even if you have fixed the ownership of it. The address in the blockchain will be different, but the work becomes publicly available and it is impossible to establish control over the replication of copies.Despite the fact that such tokens are unique, non-fungible and exist in a single copy, and information about each of them is publicly available, stored in the blockchain and cannot be forged, it remains unclear which court will consider controversial issues in transactions with them.Considering all these aspects, the legal regulation in the field of NFT is still waiting for a lot of changes. It should take place in a comprehensive manner, satisfying all parties so that the development process does not stop, and the rights of each person are protected.Read more: New risks of NFT investorsWhy do people buy expensive NFTs and what are the prospects?Despite the ambiguity of the legal status for NFT, people still buy them. At the same time, the prices of some non-fungible tokens sometimes exceed hundreds of thousands of dollars. Why do they buy them?According to my observations, there are several reasons for this: some are subject to trends and are willing to spend money to be on the "wave”, others pour funds thereby supporting the industry and "HYPE”, others create hype and news for the media intentionally buying pictures for several million dollars.Other manipulations of various kinds are also appropriate, however, there are those who firmly believe that their NFT will become more expensive over time, so they are building up their collection.It is likely that the growing trends of digitization of information will contribute to the further development and use of NFT. In the future, functional non-fungible tokens will be in use, which will represent real value - material or virtual.Of course, one should not dismiss the possibility that the rapidly growing popularity of NFT may fade as rapidly as it arose, and the NFT market may disappoint users.Only time will tell whether the technology will be massively distributed and generate innovative directions and ways of application. In any case, NFTs have become a good impetus for the popularization of their creations by many artists, an interesting experiment for users and an impulse for the development of the entire crypto ...
New risks of NFT investors
Ethereum/USD, cryptocurrency, New risks of NFT investors The hype around NFT investments still persists, but 2022 began with criticism of this technology. It is compared to the “Wild West” - a very high-risk territory. And first of all, because of the scammers whom NFT strongly attracts.Pirates instead of artists?NFT investments allow you to purchase unique tokens, each of which corresponds to a specific work of art. The more this work will be valued in the future, the more expensive it will be possible to sell the token.Everything would be fine, but here's the trouble: artist Rebecca Gay complained that pirates stole the works of 33 artists and made tokens based on them for one of the most famous exchanges – OpenSea. As a result, they were the ones who got the money for it.It turns out that today every artist, creating his masterpiece, must immediately turn it into an NFT token. After all, if he does not do it himself, then the pirates will “help” him, Rebecca believes.Hackers are attackingThe creator of the Signal messenger Moxie Marlinspike is also an NFT skeptic. He recalled that digital art is not stored in the blockchain – it is too expensive. Instead, the link to the work page is “sewn up” in the NFT.So, the time of hackers has come. It is enough to get access to the server to replace or delete this link: there is no information in the token about which image is "correct".Marlinspike said: he created an NFT with a changing image, but after a few days it was removed from OpenSea without explanation. After that, the token disappeared from the author's crypto wallets.All these problems undermine the credibility of NFT, reduce the liquidity of investments in "digital art" and the cost of works.So it turns out that artists and musicians will not be able to monetize works through tokens. And for their fans and NFT enthusiasts, it makes no sense to collect digital art, support the artist and invest.Read more: What is NFT and why are they worth millions?What else does an NFT investor risk?These tokens are also characterized by other problems:regulators may oppose investments in NFT, which will make them illegal;the authorities will expand legislation to stop money laundering through token exchanges;it is very difficult to delete data or change it in NFT, and personal tokens violate personal data protection laws;inheriting digital works of art is more difficult than other assets, especially in countries where blockchain is illegal.How are companies trying to save the market?OpenSea has gone on the warpath with pirates: they claim that they moderate the exchange and try to block accounts that sell other people's work.  For example, users can verify an account or collection. That's just to qualify for verification, the seller of tokens on OpenSea needs to be known or sell items from the collection for 100 ETH.At the same time, no platform guarantees 100% security. After all, the NFT contains only the address of the work, and it itself should be published on the Internet.How to avoid problems when buying tokens?Moxie Marlinspike believes that it is impossible to defeat the "gold rush", but investors can still earn on NFT. You just have to be careful.If you want to replenish your portfolio with NFT tokens, try to protect yourself:before buying, be sure to check the information about auctions on the artist's websites and official pages in social networks — many warn in advance that they will sell tokens;the sites where the works are published must be reliable and secure;it is better to buy NFT on verified sites and through verified accounts;use strong passwords and two-factor authentication, official applications and hardware ...
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