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Dash Cryptocurrency Was Officially Launched In 2014. It Was Originally Known As Darkcoin Whose Idea Was To Ensure Anonymity. It Was Later Rebranded To Digital Cash Or Dash When The Founder Redefined The Objectives. Dash Now Aims To Become A Medium For Performing Everyday Transactions As A Digital Currency For Cash Transactions, Credit Cards, And More. It Is A Virtual Currency That Enables Money Transfers Easy And Affordable To Anyone At Any Point In Time. 

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The cryptocurrency market is filled with surprises; now, the market is going up, and in an instant, everything comes crashing down. The most influential currency in the crypto world is Bitcoin, and in many situations, this dominant currency dictates the market trend. Bitcoin and the entire crypto world get affected mainly by the news, government regulations, and media. Every week, if any of these influential factors come up, the market will react. Since its inception in 2009, crypto has been affected by other news all through the week. This week wasn’t left out as it was a busy week for the world of cryptocurrency. Some of the significant events that happened this week include;

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Global Markets Have Been Transformed By Blockchain Technology. It Has Wreaked Havoc On Industries As Diverse As Finance, Fintech, Agriculture, And Healthcare. It Is Based On The Concepts Of Cryptocurrencies, Which Has Simplified And Secured Transactions. In Layman’s Terms, Cryptocurrency Is Nothing More Than Digital Money. 

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Cryptocurrency has made many people successful millionaires, but at the same time, it has also pushed many towards suicide and crippled many organizations. Trading or investing in cryptocurrency can make you rich, but at the same time, it has its risks. There’ll be excellent gains sometimes, and other times, there’ll be bad times.

In April, Bitcoin got to its highest value of over $60,000 since its launch in 2009. However, some two weeks into May, the value came crashing to a little over $30,000. This crash had over $8 billion liquidated and no traces of about $500 billion. These are some of the risks you may experience with crypto. The question is, how can you manage these risks? Let’s take a look at some strategies;

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Thailand Begins Crackdown on Cryptocurrencies

Thailand’s central bank has ordered all banks and other financial institutions to cease all dealings with digital currencies, citing concerns over uncontrolled trading. According to the regulator, banks are no longer allowed to invest in cryptocurrencies, sell them, conduct exchange transactions, or create trading platforms.

Thai banks are also barred from granting loans to purchase digital currency or advise clients to invest in cryptocurrency. According to the central bank, virtual currencies are not legal cash in Thailand, and they can be used for money laundering and terrorism financing. Finance Minister Apisak Tantivorawong, on the other hand, stated that regulators could not prevent the use of cryptocurrencies in Thailand.

“The government will not ban cryptocurrency trading. A regulatory framework to govern digital currencies will become clearer within a month,” the Finance Minister said, as quoted by the Bangkok Post.

“After a recent discussion, related agencies agreed that regulators cannot stop the use of virtual currencies but will have to regulate and appropriately control them,” he added.

Influence of Cryptocurrency on the World Economy

Cryptocurrencies have an impact on humanity’s economic, political, cultural, and social lives. Digital money will not be a replacement for real money, but it may serve as a catalyst for creating a new currency system. There is currently a possibility of unscrupulous individuals surfacing on the market due to the lack of rules and warranties to protect bitcoin customers, which is one of the reasons to push some nations into having a crackdown on some coins with strict laws, regulations, and bans.

Meme Coins, NFTs, and Exchange Tokens as Part of Thailand Crypto Ban

Thailand is the most recent country to enforce cryptocurrency trading restrictions. The Securities and Exchange Commission (SEC) of the Southeast Asian nation has banned meme currency like Dogecoin. A couple of days back now, exchanges were given 30 days to delist the coins and NFTs, utility tokens, and social tokens.

According to the Thai SEC, the new laws are intended to safeguard traders from tokens that have “no apparent objective or substance” and whose prices are influenced by social media trends and influencers. Dogecoin, in particular, has seen its online popularity explode as a result of Elon Musk’s remarks (including during his stint hosting SNL). The price of the so-called meme coin has changed recently due to crypto volatility fueled by Chinese sanctions and impending limitations in India.

These regulations are indeed suitable for running the economy the way it should be run. These wouldn’t mean the death of the cryptocurrency market in Thailand, nations with such measures, and those looking to implement some. In the time of all this, you can trade with us, risk-free, on the Blockchain-based fantasy platform, Fanspel, to earn amazing rewards.

Final Thoughts

In general, the bitcoin economy is booming, with new businesses and infrastructure projects springing up all the time. The fact that legal institutions and software development companies are attempting to examine the influence of bitcoin and other digital currencies on the economy’s development is a good indicator.

This demonstrates that cryptocurrencies are a complicated notion, with the relationship that arises from their use being understood in a variety of ways, and no regulator has yet reached an agreement on the subject.

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Crypto Trading Is A Task That Requires A Regular Learning Process Because Of The Constant Improvement In The Sector. When You Learn For A Long Period, You’ll Understand The Market Enough To Make Certain Predictions. When These Predictions Prove To Be Effective At Regular Intervals, You Can Conclude That They Are Trade Signals. This Is The Layman Definition Of A Trade Signal. Professionally, A Trade Signal Is A Market Prediction Of A Specific Cryptocurrency By An Expert Trader Over Some Time. Several Cryptocurrency Traders Across The Globe Rely On Trade Signals Which Have Served As A Major Source Of Income. On The Contrary, Many Crypto Traders Are Also Scammed Of Their Resources By Paying Inaccurate Trade Signals.  So As Always, It’s Better To Learn How To Trade The Market Or Earn Passive Cryptocurrencies By Playing Fantasy Games On The Blockchain-Based Fantasy Platform, Fanspel. That Way, You Can Safely Earn Without High Risks. 

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Proof of stake is a new blockchain design in which the creator of the next block is chosen by a random selection process and rewarded with newly created coins and transaction fees.

Unlike proof-of-work, where miners use computer processing power to validate transactions, proof-of-stake is an alternative that requires less power for transactions to be authorized.

The result would be less harmful to the environment and it would increase the decentralization of cryptocurrencies.

Unlike proof-of-work, it is not necessary to have mining hardware, and also you don’t need to pay high electricity bills.

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What is Proof of Work?

If you’re an active crypto trader, you must have thought, at one point or the other, about the security of your assets. How do you know that one day, the whole system will not become flawed? One of the ways to ensure the security of your assets is by the concept of proof of work. Proof of work is a mechanism that ensures that participants in a blockchain network perform transactions and reach agreements while ensuring the security of the network. This mechanism ensures that you can perform crypto transactions without the influence of centralized agencies. Proof of work is employed by many cryptocurrencies but our primary focus is on its functions in the Bitcoin network.

The concept behind proof of work

It may surprise you to know that the primary purpose for proof of work was not for security. Instead, it was created to solve the problem of spam emails. However, this purpose has been channeled to aid the development of Bitcoin and other cryptocurrencies. As you know, Bitcoin and other cryptocurrencies all depend on the blockchain network. Essentially, blockchain contains records of all crypto transactions. That way, everyone on the network has equal rights in the market.

However, there’ll always be some traders that try to play smart and tamper with the network. The best way to discover any foul play in the system is through hashes, long strings of numbers that serve as proof of work.

Why Do You Need Proof of Work?

Proof of work, popularly called PoW, is an algorithm that secures crypto transactions. Let’s clarify; when you make a crypto trade, it doesn’t always go through without checks. The transaction may be fast, but there is a validation process. This validation process happens the moment you get added to the blockchain. Like we have explained, blockchain is that platform that records all transactions.

On that blockchain, proof of work is the standard that checks any dubious transaction. It is that factor that makes sure all transactions are legitimate. So as long as you’re playing by the rules, proof of work will work in your favor. Mostly, if you are just a bitcoin trader, you may not necessarily understand the art of proof of work, but if you’re a Bitcoin miner, you’ll understand well.

What’s the importance of Proof of work?

Proof of work may be just a security measure on the blockchain, but it has several importance. Some of the benefits of proof of work include;

Double-Spending

Double spending is a primary issue that proof of work looks to solve. As the name implies, double spending means a miner wants to spend a single currency in more than one transaction. Naturally, it’s easy for anyone who has the skills to copy a digital transaction. Once this happens, that currency will experience inflation, which will reduce the value of the coin. Proof of work is that block that stands to defend each transaction of every miner. With proof of work, it’s daunting to copy a transaction to double spend.

Peer to Peer Transaction

The trust and security that proof of work brings to the cryptocurrency market are why you can have a transaction without a witness. Since you know that the transaction is secure, you can trust the process.

More opportunities

Bitcoin mining is an expensive but lucrative arm of cryptocurrency. Proof of work requires enormous energy, which gives more opportunities for Bitcoin miners.

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If you’re an active crypto trader, you must have thought, at one point or the other, about the security of your assets. How do you know that one day, the whole system will not become flawed? One of the ways to ensure the security of your assets is by the concept of proof of work. Proof of work is a mechanism that ensures that participants in a blockchain network perform transactions and reach agreements while ensuring the security of the network. This mechanism ensures that you can perform crypto transactions without the influence of centralized agencies. 

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https://www.dextools.io/app/pancakeswap/pair-explorer/0x16079efbe17c30ac0e5a6bd376275ccaad376329

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In the past week, the prices of most cryptocurrencies have remained in a quiet range as the trading volumes declined to a 4-week low. Following the crash on May 7, most cryptocurrencies are yet to recover while some others have endured failed attempts to surge to higher price ranges. It was a week of heightened volatility as the prices fluctuated across various highs and lows, reacting to the tweets of Tesla CEO Elon Musk which took the prices to the dump.

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Market sentiment is a phrase used in finance to describe a highly subjective feeling about the state of a market. It’s the general reaction that traders and investors have to a particular asset’s price action.

The price of a cryptocurrency, like other assets, is determined by market supply and demand. For a variety of reasons, including public opinion, the news, and social media, market trends can shift.

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Elon is at it again, and this time it’s not great news for the Bitcoin market. Elon Musk took yet another jab at Bitcoin when he tweeted on Friday. This time he tweeted the Bitcoin hashtag alongside a heartbroken emoji. This tweet alone took the value of Bitcoin down by over 6%. Since Bitcoin is the most influential coin in the cryptocurrency space, this will affect almost every other currency. Cryptocurrencies like Dogecoin, Ethereum, among others, all suffered from this single tweet. In turn, this value depreciation will affect the trade predictions of many Bitcoin and cryptocurrency traders.

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Crypto Market Switching to Fantasy Sports

It Was Almost Twenty Four Years Ago That Netscape Released The First Web Browser That Was Consumer-Oriented.  

In 1994, When Netscape Launched, There Was No Such Thing As ‘Dial-Up’ Internet. Thousands Of Teens Were Yet To Experience The Joys Of Listening To Pirated Versions Of Their Favorite Rock-Bands.  

This Netscape Is Considered The ‘Spark’ That Could Turn The World Wide Web Into The Tool That Everyone Felt Empowered With.  

At Present, The Impact Of The Web Is Obvious, But This Was Not So Back Then.  

The Crypto Currency World Shares The Same Template To The World Wide Web Emergence.  

There Are Clear Signs How The New Technology Of Crypto Currency Will Change The Way The World Works And Lives With The Soaring BTC (Bitcoin), Appointment Of Professor Of The MIT Block Chain Gary Gensler And The Offering Of Coinbase.  

It Is Convenient To Get Into The World Of Crypto Currency By Joining The Fantasy Sports Platform, Fanspel And Enjoy Your Favorite Game In Real Time. All The Awards On This Platform Are Crypto Currency. You Get An Opportunity To Get Knowledge About This Currency Of The Digital World And Also Earn.  

Timescale Of Crypto Currency

There Is No Certainty Of Tomorrow As The Present Times Are Uncertain. You Can Say There Is No ‘End Game’ When Talking About Technology. This Is As Mysterious As The Crypto Currency.  

There Are A Lot Of Parallels Between The Internet In 1995 And The Current State Of Adoption Of The Crypto.  

Crypto Is The Playground Of Early Geeks And Adopters. There Are Multiple Investors And Also Institutions Who Are Interested In Playing With This Currency.  

2021 Is Expected To Change Everything In The Crypto World. There Has Been An Increase In The Awareness Of This Currency In A Gradual Manner Since 2017-2018. At Present You Find That Multiple Financial Institutions And Investors Are All Set To Take A Plunge In This Crypto World. This Can Be Developing A Fund That Is Bitcoin Exchange-Trade.  

History Rhymes

There Are Specific Timescales Of Development And Adoption Might Accelerate While Others Might Stall.  

There Might Be An Influence Of External Factors, Like The Pandemic. When This Pandemic Started It Was Believed That The Crypto Markets Might Come To An End Due To The Need To Liquidate Funds Due To Panic. The Price Of Bitcoin Has Managed To Increase Almost Tenfold In The Very First Year Of The Pandemic.  

The Governments Had Put Themselves Into A Hazard Monetarily And The People Went Deep Into The Online World Of Crypto Currencies.  

Crypto Currency Can Enjoy The ‘Netscape’ Moment In The Western World With Cooperation And Advocacy From The Government Of The United States. This Moment Will Happen When The U.S. Government Declares Clear Regulations About Custodianship, Fundraising, Tax And Investment Rules, Guidelines For KYC (Know Your Customer) And Transfer Rules.  

It Would Be Better If The SEC Can Declare That Crypto Is A New Asset Class With Its Own Set Of Rules And Not A Security.  

Gensler Has Cleared That He Sees The Value And The Potential Of The New Digital Currencies.  

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The pandemic seems to be going on and on. This has led to digitalization globally and betting on traditional sports is becoming a big challenge. The restrictions due to COVID-19 have had a negative impact on physical sports. Major events and sports tournaments have either been delayed or cancelled. This has led to a decrease in the number of people betting on sports.

[chalscook]

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Zack Greinke: Named Opening Day starter

Zack Greinke: Named Opening Day starter

Zack Greinke: Manager Torey Lovullo named Greinke the Opening Day starter Friday, Nick Piecoro of AZ Central reports

Visit RotoWire.com for more analysis on this update. Source: Zack Greinke: Named Opening Day starter http://dlvr.it/NWJtk2

[chalscook]

Welcome to Fanspel!

Hi,

Welcome to Fanspel!

Fanspel token is a digital currency that enables low fee instant payments to anyone worldwide.

Buy Now on Pancakeswap:

https://bit.ly/3vZLs7z

Chart:  

https://bit.ly/3ch3Lx8

Website: https://www.fanspel.io/