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How to Minimize Losses and Maximize Profits in Crypto
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Are you looking for a way to make some extra money? Have you ever considered investing in prediction markets? If not, now is the time to start! Prediction markets are an exciting and potentially lucrative investment opportunity that can help you diversify your portfolio.
Prediction markets allow investors to bet on the outcome of future events. By predicting correctly, investors can earn profits from their investments. However, it’s important to understand how these markets work before diving in headfirst
Earning From BNB Prediction Gaming platforms: How to Minimize Losses and Maximize Profits
BNB prediction gaming platforms are becoming increasingly popular as they offer users the chance to earn real money by predicting the outcome of various events. These platforms allow users to bet on sports, politics, and other markets with cryptocurrency such as Bitcoin or Ethereum. The potential rewards can be quite lucrative if your predictions are correct.
However, like any form of gambling there is always an element of risk involved when betting on these types of games. It’s important that you understand how these games work before investing any money in them so that you can minimize losses and maximize profits. Here are some tips for doing just that.
1) Research Your Market: Before placing any bets it’s important that you do your research into the market and familiarize yourself with all the different factors at play. This includes researching teams/players/politicians involved in each event, understanding current trends in the market, and keeping up-to-date with news related to each event. Doing this will help give you an edge over other players who may not have done their homework properly.
2) Set Limits: One key factor when playing BNB prediction gaming is setting limits on how much money you want to invest per game or per day/week/month etc.. Setting limits helps ensure that even if things don’t go your way one day, your losses won’t spiral out of control due to excessive betting amounts.
3) Don’t Chase Losses: Another common mistake made by new players is chasing losses after a bad streak has occurred — i.e., increasing their stakes in order to try recouping lost funds quickly rather than waiting until luck turns around again naturally (which it inevitably does). Chasing losses often leads people down a dangerous path where they end up losing more than they initially intended to — something which should be avoided at all costs!
4) Take Breaks & Reassess Strategies: Finally, taking regular breaks from playing BNB prediction games can also help reduce risks associated with gambling addiction while allowing players time away from screens so they can reassess their strategies without being influenced by emotions or fatigue caused by long hours spent online trying win back lost funds etc.. Taking breaks also gives players time away from screens which allows them to focus on other aspects of life such as family & friends etc..
Following these simple steps will help ensure that anyone interested in earning real money through BNB prediction gaming platforms minimizes their chances of suffering large financial losses while maximizing potential profits earned through successful predictions made during gameplay sessions! Good luck!
Is playing BNB Prediction games and earning — good, on a long scale?
It may sound like an odd concept, but it can be quite lucrative if done correctly. The idea behind this type of game is simple: by predicting which asset will go up in value over time, players can earn profits without having to put too much effort into researching or analyzing markets.
This makes it attractive to those who don’t have a lot of experience with investing or trading but still want to make some money on the side.
Is playing BNB Prediction games good for a national economy?
We know, you would’ve never expected a title like this but what if it made some real sense? — If you ask us, we’ll say, YEAH! It makes sense! Let’s explain how!
The answer depends on how you look at it. On one hand, these games can be seen as an investment opportunity that could potentially bring in more money into the country’s economy.
Players who make correct predictions can earn profits from their investments, which would then be taxed by the government and used to fund public services or infrastructure projects. This could help stimulate economic growth in certain areas and create jobs for people living there.
Overall, while playing BNB prediction games may offer potential benefits to a national economy through increased tax revenues and job creation opportunities, it is important to consider the best option considering all the possibilities for our economic status.
Should you start Investing in BNB Prediction Games with INR 1000?
If you’ve been following the cryptocurrency market, then you know that Binance Coin (BNB) is one of the hottest coins out there. But what if you have a minimum of INR 1000 and want to get involved in predicting its price movements? Is it possible to make money from this type of investment?
The answer is yes! There are several prediction games available on the internet where players can bet on whether or not they think BNB will go up or down over a certain period of time. These games usually involve making predictions about how much the coin will move within a given timeframe, such as 24 hours or 7 days. Players can win prizes based on their accuracy and even earn real money if they guess correctly.
However, before jumping into these types of investments, it’s important to understand some key points first. First off, investing in any kind of prediction game carries risk — so be sure to do your research and only invest what you can afford to lose. Additionally, since these games are unregulated by any government body, there is no guarantee that your funds will be safe should something go wrong with the platform hosting them.
That being said, if done responsibly and carefully monitored for potential risks associated with investing in cryptocurrencies like BNB — playing prediction games could potentially yield great returns for those willing to take calculated risks when betting on its future price movements. So if you have at least INR 1000 lying around and want an exciting way to invest it — why not give BNB prediction games a try? Who knows — maybe you’ll end up winning big!
SO TO CONCLUDE:
Investing in prediction markets can be both rewarding and risky at times but following these tips should help ensure success over time! With proper research and calculated risks taken along the way, earning from prediction markets isn ‘ t just possible — it’s probable ! Good luck!
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Binance Announces New Transaction Limit By Fiat Partner Simplex
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The cryptocurrency exchange Binance has recently announced a new transaction limit for its users.
The new limit is being implemented in partnership with Simplex, a fiat partner of the platform.
This move will allow users to purchase cryptocurrencies using their credit and debit cards up to $20,000 per day.
That’s the pointers we wanna know. But we wanna know more about this right?
We have feed for you right away, but before that — how do people understand all of this? We, who have been trying all our lives and failed miserably because we never had access directly from someone else who could give them advice on what would make sense at any given moment — something similar even with fiat currencies we associate ourselves more with today than back then?
That’s why we wanna give you a way out of this miserable & dependable financial system and enter inside the Cryptosphere made by SilverLine for you — Your Ticket to A Financially Flexible World.
NOW GETTING BACK TO THE TOPIC,
This announcement comes as part of Binance’s ongoing efforts to make it easier for people to access cryptocurrencies and use them in everyday life. With this new transaction limit, users can now buy more than just Bitcoin (BTC) or Ethereum (ETH). They can also purchase other popular coins such as Litecoin (LTC), Ripple (XRP), Cardano (ADA), and many others.
GETTING INSIDE THE CRUX — THERE’S ALWAYS AN INSIDER STORY TO EVERY NEWS RIGHT?
It seems like Binance is always up to something new and exciting. This time, they’ve announced a new transaction limit by their fiat partner Simplex. But why? What could this mean for the crypto world?
Well, it turns out that this move is actually quite significant. By partnering with Simplex, Binance will be able to offer its users more options when it comes to buying and selling cryptocurrencies using traditional currencies such as USD or EUR.
This means that users can now buy and sell larger amounts of cryptocurrency without having to worry about running into any limits imposed by the exchange itself.
The partnership also allows Binance users access to Simplex’s fraud prevention technology which helps protect them from fraudulent transactions while making sure their funds are safe at all times.
Additionally, the integration of Simplex’s payment processing system makes it easier for customers to make payments in a secure manner without having to worry about potential security risks associated with online payments.
BEFORE ALL OF THIS — DO GET TO KNOW WHAT’S (OR) WHO’S SIMPLEX?
Simplex is an EU-licensed financial institution that provides payment processing services for digital currency exchanges like Binance.
It allows customers to buy crypto with their credit or debit card without having to go through lengthy verification processes or wait days for funds transfers from banks.
By partnering with Simplex, Binance is able to offer its customers faster transactions at lower fees compared to traditional banking methods.
The increased daily transaction limit should help make it easier for people who are interested in buying cryptocurrencies but don’t have the time or resources necessary for bank transfers or wire transfers.
Additionally, this could be beneficial for those who want quick access to their funds when trading on the platform since they won’t have long waiting times associated with bank transfers anymore.
Overall, this move by Binance shows that they are committed towards making cryptocurrency more accessible and user friendly while still maintaining high security standards on the platform itself.
With these changes in place, we may see even more people getting involved in the world of crypto trading over time!
Is Simplex benefitting by Partnering with Binance?
It’s no secret that the cryptocurrency industry is growing at an exponential rate. With more and more people getting involved in digital assets, it’s important to have reliable services that can help facilitate transactions.
That’s why Simplex has partnered with Binance to provide a secure and easy way for users to buy crypto with their credit cards. But what does this mean for both companies?
The partnership between Simplex and Binance is mutually beneficial.
For starters, Simplex.
provides a safe platform for users to purchase cryptocurrencies using their credit cards without having to worry about fraud or chargebacks. This makes it easier for new investors who may not be familiar with the process of buying crypto through exchanges or other methods. On top of that, they also offer competitive fees which make them attractive compared to other payment processors out there.
For Binance,
partnering up with Simplex allows them access to a larger customer base as well as increased liquidity on their exchange platform due to the influx of new customers coming from outside sources such as Simplex’s network of merchants and partners. This means more trading opportunities for existing traders on the platform while also providing an additional revenue stream from processing fees charged by Simplex when someone uses their service.
Overall, this partnership looks like it will benefit both parties involved in many ways — from increasing user engagement on Binance’s exchange platform all the way down to providing a secure payment processor option for those looking into investing in cryptocurrencies but don’t know where or how start doing so safely and securely!
It’ll be interesting seeing how this relationship develops over time but one thing is certain: both companies are sure making waves in the industry right now!
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DID COINBASE REALLY SHOOK THE MARKET BY ANNOUNCING THEIR WAY OUTTA JAPAN?
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This news comes as a surprise to many in the crypto community, as Coinbase has been one of the most successful exchanges in Japan.
The firm cited increasing regulation from the Japanese government as the reason for their departure. In a statement released on their website, Coinbase said that they “could not continue to operate” in light of new regulations from Japan’s Financial Services Agency (FSA).
That’s it! So yeah, that’s what happened and Coinbase is leaving Japan!
Kidding!! How can we leave you hanging just like that?
We dug in more and we got to know, there are a few possible reasons for Coinbase’s decision to stop its operations in Japan.
For starters, there has been a lot of regulatory uncertainty surrounding cryptocurrencies in Japan lately.
In addition, there have been several high-profile hacks of Japanese cryptocurrency exchanges recently, which may have led Coinbase to believe that the risks associated with doing business in Japan are too high.
Hushing: So the story starts here -
The first hack occurred in March when $5 million worth of cryptocurrencies were stolen.
The second hack happened just last week when $1 million was taken from user accounts.
These hacks have been a major contributor to Coinbase’s decision to leave Japan.
This guy stood rock solid even after all these attacks, but guess where it was a stroke below the belt? When the Government decided to move back!
WAIT EVEN THE GOVERNMENT NEVER BACKED THEM?
Yes We ain’t kidding!
Government regulations have been a challenge for Coinbase since they entered the Japanese market in 2017. The company has had difficulty meeting requirements such as registering with the Financial Services Agency (FSA) and complying with anti-money laundering (AML) and know your customer (KYC) policies.
(Hushing: Did India’s idea of imposing enormous taxes on digital assets was a Japanese inspiration? — Who knows but for sure we had the same effect on Crypto company walkouts like Japan’s experiencing now!)
In addition to government regulations, Coinbase has also faced competition from local exchanges which are able to offer lower fees and better customer service. This has resulted in a decline in Coinbase’s market share from 50% at the beginning of 2018 to just 5% currently.
Finally, it’s possible that Coinbase simply decided that there is more potential for growth elsewhere and decided to focus its efforts elsewhere.
This announcement is just the latest development in a long string of regulatory issues that Coinbase has faced over the past year.
The company has been under scrutiny from US regulators since last year, when it was revealed that Coinbase had been trading Bitcoin Cash (BCH) ahead of its listing on the exchange.
Wait! Wait! So this is a point where a company gets way more additional punches and falls out of the ring! But what makes it more interesting is that, making the match more interesting depends on whether the company will enter the ring again or walk back to exit!
While we speak about bases getting hacked & crypto organisations that rise against it and are set to build a healthier community, we’re bound to say that we came across a guy who had this perfect P2E platform in his phone, while we were writing this. (we weren’t sneaking at his phone, but yeah when opportunity knocks you’ve got to open right?) So here comes the best part: It was named SPARC and guess what made it even more good apart from its easy user interface and simple game play ? — It rewards us guys! Even when you win or when you lose! It rewards you! I ain’t kidding, if you don’t believe me check out here — SPARC !
WHAT’S THE PLAN STRAIGHT OUTTA JAPAN?
So what’s Coinbase’s plan after leaving Japan? The company didn’t say anything about that in its announcement. However, it seems likely that Coinbase will focus on other markets, such as Europe and North America.
No Idea about their survival there — But still we dug bruh!
One issue that Coinbase faces is regulatory uncertainty. In Europe, there are a number of different countries with their own individual regulations governing cryptocurrencies. This can make it difficult for Coinbase to operate in multiple countries simultaneously. The situation is similar in the United States, where each state has its own regulations. This can lead to confusion for customers and also presents a compliance challenge for Coinbase.
Another issue facing Coinbase is competition from other exchanges. In Europe, there are a number of well-funded exchanges such as Bitstamp and Kraken that have been operating for many years. These exchanges have built up significant market share and will be difficult for Coinbase to compete against.
(Remember We said, how this guy seems to stand after getting blown by attacks from nowhere? — we still wonder how!)
In the United States, Coinbase faces competition from exchanges such as Gemini and Poloniex, which are also well-funded and have a large customer base.
Despite these challenges, Coinbase remains optimistic about its prospects in both the European and American markets. The company plans to expand its operations rapidly in both regions and believes that it can become the leading cryptocurrency exchange in both markets.
BYE COINBASE — WHAT MORE SHALL WE SAY?
Coinbase isn’t the only major exchange to face regulatory issues this year. Binance, one of the world’s largest exchanges, was forced to relocate to Malta after facing pressure from regulators in Hong Kong and China.
Whatever the reason may be, it’s clear that Coinbase’s decision to stop its operations in Japan is a significant blow to the Japanese cryptocurrency market. It will be interesting to see how things play out from here and whether or not other exchanges decide to leave Japan as well.
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IS LAYER 0 - THE STRONG BASE OF BLOCKCHAIN?
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When it comes to blockchain technology, there are various layers that are involved in the process. Each layer has a specific function and plays an important role in the overall system. In this article, we will take a closer look at layer 0 of blockchain technology and what it entails.
Layer 0 is the foundation of blockchain technology and is responsible for managing the basic operations of the system. It handles tasks such as verifying new blocks, maintaining the ledger, and ensuring consensus among nodes. Additionally, layer 0 also manages communication between other layers and ensures that data is properly formatted before being passed on.
One of the key features of layer 0 is its ability to handle large amounts of data efficiently. It can process transactions quickly and securely while maintaining high performance standards. This makes it an ideal solution for businesses that need to handle large volumes of data on a regular basis.
Overall, layer 0 is an essential component of blockchain technology and plays a critical role in keeping the system running smoothly. By understanding its functions and capabilities, businesses can make better decisions about how to use blockchain technology in their operations.
How it’s constructed & where it’s placed?
One important factor in the strength of a cryptographic algorithm is the layer protocol it uses. There are three main layer protocols: Layer 0, Layer 1 and Layer 2. Each layer protocol has its own strengths and weaknesses.
Layer 0 is the oldest and most basic layer protocol. It was developed in the early days of cryptography, before computers were even invented. Layer 0 relies on mathematical formulas to encrypt data. These formulas are very simple and can be easily broken by a computer. Because of this, Layer 0 should only be used for very low-security applications such as sending passwords over the internet.
Layer 1 is a newer layer protocol that was developed in response to the vulnerabilities of Layer 0. It uses a series of mathematical steps called hashes to encrypt data. Hashes are much harder to break than formulas, so they provide better security than Layer 0 encryption methods. However, hashes can still be cracked with enough time and effort . For this reason, Layer 1 should only be used for medium-security applications .
Layer 2 is the most recent layer protocol and offers the best security possible . It uses a technique called public key cryptography to encrypt data . Public key cryptography is much harder to break than either Layer 0 or 1 encryption methods . For this reason , it should only be used for high-security applications such as online banking or shopping.
Is Layer 0 — a solution bringer?
Layer 0 is a protocol that can solve many of the problems that plague current networks. By creating a new network layer, layer 0 can provide a more efficient and secure way to transmit data.
One of the biggest problems with current networks is congestion. Layer 0 can help reduce congestion by allowing packets to be transmitted more quickly and efficiently. Additionally, layer 0 can help prevent packet loss, which can cause disruptions in service.
Another issue that layer 0 can address is security. By encrypting data at the source, layer 0 can make it much more difficult for hackers to access sensitive information. Additionally, layer 0 can help protect against Denial of Service (DoS) attacks, which are becoming increasingly common online.
Taking a deep look, layer 0 provides a number of benefits that can improve the performance and security of your network. If you’re looking for a way to solve some of the most common networking problems, then layer 0 may be just what you need.
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RUG PULLING : A NEW TRICK SHEET ON THE BLOCK ?
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What’s a Rug Pulling?
Crypto rug pulling is a term used in the cryptocurrency world to describe when someone or a group of people deliberately try to manipulate the price of a digital asset for their own benefit. This can be done by buying and selling coins on an exchange to create artificial demand or supply, or by spreading false information in order to influence other traders’ decision-making.
Let me give you an example!
An example of crypto rug pulling occurred in early 2018, when the price of Bitcoin Cash (BCH) surged from around $1,000 to over $4,000 in just two days. It was later revealed that a large number of BCH had been bought up just before the spike and then sold off again shortly afterwards, which caused the price to drop back down.
To summarize :
Rug pulls are when a cryptocurrency is suddenly removed from circulation, typically because its developers have decided to end support for it.
How to find it :
This can cause the value of the currency to plummet. Here are six ways to spot a rug pull:
1) Check the project’s website and social media accounts for announcements about ending support for the currency. If there is no announcement, it’s possible that the rug pull was accidental or unplanned. However, if there is an announcement, it’s likely that the developers have decided to end support for the currency.
2) Look at how long ago the announcement was made. If it was recently made, it’s more likely that the developers have actually pulled the rug out from under the currency. If it was made a while ago, it’s possible that they’ve already ended support but haven’t announced it yet.
3) Compare how much value the currency has lost since the announcement against how much value other cryptocurrencies have lost in that same time period. If this particular cryptocurrency has lost more value than other cryptocurrencies, there’s a good chance that it was pulled from circulation on purpose.
4) Check whether any exchanges still list this cryptocurrency as being available for trading . If no exchanges list it anymore, then it’s likely that this particular cryptocurrency has been pulled from circulation .
5) Use CoinMarketCap to see how many people are currently holding this cryptocurrency . The lower this number is ,the more likely it is that this particular cryptocurrency has been pulled from circulation .
6) Look at what happened immediately after (or before )the announcement . Did any big investors sell their holdings? Did prices crash? These could be signs that a rug pull occurred.
The effect it has on market:
This can be very damaging to investors, who may see their holdings lose value overnight.
Rug pulls can also be disruptive to the market as a whole, as they can cause uncertainty and volatility. For this reason, it’s important to do your research before investing in any cryptocurrency, and to be aware of any potential risks involved.
Manipulating the price of cryptocurrencies can be extremely profitable for those involved, but it can also be very risky. If someone buys into a rumor without doing their own research, they may end up losing money if the rumor turns out to be false. Additionally, buying up large amounts of coins can cause prices to spike temporarily, but this can also lead to a crash if investors decide to sell off their holdings en masse.
For these reasons, it is important for investors to do their own research before investing in any cryptocurrency and avoid getting caught up in any rug pulling schemes.
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How to Win 15000 SLN Tokens by Participating in Our SPARC P2E Meme Contest ?
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Hello Fellow crypto peeps!
I hope you’re all doing well and having a great day. I wanted to take this opportunity to tell you about an exciting contest that’s happening right now — the Crypto Meme Creation Contest! This is your chance to show off your creativity and have some fun while helping spread awareness of cryptocurrencies. Plus, there are some awesome prizes up for grabs if you win — cryptocurrency tokens from SLN.
The contest is open until Jan 13th so there’s still plenty of time for everyone to participate. All you need to do is create a meme or GIF related to SPARC (Our online prediction-rewarding platform) & about our SLN tokens that can be shared on social media platforms like Twitter or Reddit, then submit it through the official website before the deadline passes. It doesn’t matter what type of meme or GIF it is — funny ones are always encouraged but serious messages work too as long as they relate back in some way to us such as our blockchain technology, tokens, how we’re better than fellow currencies, etcetera . Just make sure your entry follows all rules set out by their terms & conditions page before submitting it (which can be found here).
So why not join in on this creative challenge? Not only will participating help promote crypto-awareness but who knows — maybe one lucky winner will get their hands on those amazing prizes after all! Good luck everyone :)
Details attached below for your reference.
Rules to be followed and procedures on how to perform the task, will be mentioned below:
Create memes relevant to SPARCP2E.
Unique and creative Memes will be selected for top 10 positions.
REWARDS :
1st Price : 5000 SLN
2nd Price : 3000 SLN
3rd Price : 1000 SLN
4th to 10th Price : 500 SLN
Post your Memes in the comments below the twitter post.
Post link : https://twitter.com/SPARCP2E/status/1611335052855771140?s=20&t=N6MnkfpFP5kdIKBeLQdPog
Mention your wallet address along with your memes.
Rewards will be Distributed on Friday (13/1/2023) 9.30 AM (GMT).
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Bitcoin success stories: How a couple used it to establish a family
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Gains from bitcoins made it possible for “Noodle,” a Bitcoiner from London, to pay for his family’s in vitro fertilization (IVF) procedures. In the most recent issue of Cointelegraph’s Crypto Stories, Noodle’s tale is brought to life.
IVF procedures may be pricey, and their success rates can range from 4% to 38%, depending on a number of variables. Fortunately, Noodle was able to establish a family because of the money he made from buying and keeping Bitcoin. Noodle chose to sell part of his Bitcoin in order to pay for his wife’s IVF treatment after learning about it for the first time in 2012. He preferred selling BTC to getting a loan, and over the course of several years, he converted over $70,000 in Bitcoin into fiat money to pay for the therapies.
When Noodle was in the gym, he first encountered Bitcoin. He learned about the Silk Road from a friend, which was a now-defunct bazaar where users could trade BTC for a variety of goods. Noodle was persuaded to purchase 7 BTC at a cost of $57 each, which he afterward used to get marijuana online. Noodle then began to go down into the worlds of banking, education, and bitcoin.
Even his wife, with whom he had been since 2008, was persuaded to put part of their wedding funds into Bitcoin. They had no idea that this investment would eventually enable them to afford IVF procedures so they could start a family. The Noodle family was able to produce two children because of the income from their Bitcoin investment, despite the initial stigma associated with IVF. Noodle stressed the need of being able to make well-informed financial decisions in an interview with Cointelegraph, adding that he had “no regrets” regarding his choice to sell BTC in order to raise a family.
It can be challenging for many people to decide whether to store Bitcoin or use it for actual objectives. Noodle, on the other hand, made the decision to sell without hesitation and is appreciative of the chance his Bitcoin investment gave him.
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#cryptofamily#bitcoin#silverlinecryptonews#SPARCP2E#bitcoinprice#Cryptocurrency#crypto trading#crypto news#crypto trends
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What is the biggest problem with cryptocurrency? and solutions
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Table of Content:
Crypto exchanges continue to be hacked
Inconsistency between privacy and security
Crypto firms are still unable to get bank accounts
Price fixing is still prevalent
Public blockchains are not used by institutions
Cryptocurrency, blockchain, Bitcoin, and Ethereum are all terms that are becoming more common in casual conversation. Keeping up with cryptocurrency may be difficult. The sector is rapidly expanding, which brings with it a slew of new opportunities as well as new challenges. Many of the issues that crypto is facing today are directly related to a lack of regulation and, as a result, a lack of interest by mainstream firms or banks in getting engaged in the market. Others, on the other hand, are more self-inflicted. But it’s not all bad news. And each of these issues has a workable remedy.
Problem- Crypto exchanges continue to be hacked:
The deluge of crypto exchange attacks has shown one thing: exchanges are vulnerable. Some argue that this proves that exchanges aren’t safe enough, stressing the lack of institutional security norms. Others argue that this is a matter of custody and that you should never deposit your coins on an exchange in the first place. But where is the cash going?
It was an inside job in certain circumstances. In others, hackers took advantage of smart contracts or technological flaws. Sometimes phishing methods were utilized, or the money was simply siphoned by the exchange owner. All of the situations, however, share one feature: a lack of openness and security measures.
Solution:
Users may want to utilize more secure exchanges, such as Coinbase, which surreptitiously attempts to hack itself in order to improve its own security.
Second, and more critically, crypto exchanges should implement industry-wide security standards, which these firms may have to develop themselves unless regulators do so.
Third, more secure and scalable decentralized exchanges are needed to give alternatives, which are currently being developed.
Problem- Inconsistency between privacy and security:
Know-your-customer (KYC) standards are now almost everywhere. Even Erik Voorhees, a diehard libertarian, has been forced to cave to regulatory pressure and implement KYC on his cryptocurrency exchange. On the one hand, this may be interpreted as a positive sign for cryptocurrency KYC and other types of compliance are and will be required for institutions and regulatory agencies to join. However, the requirement to give exchanges or other firms private, personal data must be balanced against the risk of mixing such data with public blockchain information. Many cryptocurrency exchanges are actively collaborating with blockchain analytics vendors to create thorough maps of the crypto ecosystem. All of your cryptocurrency transactions are displayed for all to see.
Solution:
So, how can we utilize cryptocurrencies without disclosing every detail of our financial records to such corporations and governments? Privacy coins are a wonderful place to start. For the time being, you can also utilize the other exchanges that do not require KYC.
Problem-Crypto firms are still unable to get bank accounts.
When it was discovered that Bitfinex had a $750 million black hole in its finances — which the business has now filled with a fast IEO the crypto industry was outraged but not surprised. However, this revealed a larger, more basic issue. It turns out that the bank that was storing Tether’s cash was more important to the crypto business than most people realized. However, Crypto Capital no longer exists. The New York State Attorney General charged two of the company’s three founders with operating an unauthorized money-transmitting business. As a result, crypto firms now have even fewer financial choices.
Solution:
While some people use other crypto-friendly institutions, such as Noble Bank, others use local banks and pay a premium to hold their fiat money. This, however, may be about to change. In the United Kingdom, for example, Coinfloor has recently begun offering fiat bank accounts for crypto firms that are registered with the Financial Conduct Authority. While this service is geographically limited, it may serve as a catalyst for other firms to offer similar services.
Problem-Price fixing is still prevalent:
The SEC’s major argument for not approving a Bitcoin ETF was market manipulation. As a result, this is a problem that must be solved before significant institutional investors pour substantial sums of money into Bitcoin. However, in order to make market manipulation more difficult, trade volumes must be significantly larger across the board.
Solution:
Cleaning up the market’s phony trade volume would be an excellent place to start in order to obtain a clearer picture of what’s actually going on. Clearer laws might also help the crypto industry by giving larger companies greater confidence in trading cryptocurrencies. Institutions want to get engaged in crypto.
Problem-Public blockchains are not used by institutions.
Private blockchains are permissioned networks that may be used for everything from transferring KYC papers to managing supply chains. They are unavailable to the general public and do not interface with other public blockchains like Bitcoin and Ethereum. While the institutions’ involvement in crypto, in general, is a positive move (and considerably better than calling Bitcoin “rat poison cubed”), it is a concerning indicator that they are primarily avoiding public blockchains.
Solutions:
Several institutions are experimenting with public blockchains. The Stellar network is used by IBM’s World Wire for cross-border payments. However, Stellar is so centralized that the entire network was down for nearly two hours without anybody noticing. Instead, it is up to innovators like BitPay, who just hired US WorldPay CFO Glen Braganza and handled $1 billion in payments in 2018, nearly entirely in Bitcoin, to achieve widespread adoption.
Conclusion:
Cryptocurrencies were established to address the issue of double-spending without depending on trusted third parties like governments and central banks. The concept of Bitcoin arose from a loosely associated group known as Cypherpunks, who were devoted to employing encryption to guarantee anonymity. This article evaluated whether cryptocurrencies might possibly transition into widespread use and be embraced by a larger global audience while taking into account the hurdles that cryptocurrencies and business models confront. The adoption of tokens in local settings, whether they are particular to geographies or industry sectors, will help the next logical step in decreasing friction in the global economy.
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IS GARY GENSLER USING U.S. ARMY FOR HIS CRYPTO SKEPTICISM?
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Who is Gary Gensler?
Gary Gensler, the former chairman of the Commodity Futures Trading Commission (CFTC), has been a vocal critic of cryptocurrencies. He has argued that they are too volatile and lack the necessary safeguards to be used as a medium of exchange.
What’s Hot?
Now, it seems that Gensler’s views have caught the attention of the US Army. In a recent report, the Army stated that it is “concerned about digital currencies being used to finance terrorism and other illicit activities.”
What Happened Next?
Gensler was quick to applaud the Army’s report. “I’m glad to see that at least one part of the US government is taking crypto seriously,” he said. “The Army’s report is an important step in recognizing that cryptos are a new asset class with unique features.”
Gensler’s criticism of cryptos has been met with mixed reactions. While some people agree with his assessment, others believe that he is simply trying to protect his former colleagues on Wall Street from competition.
But it turns out that Gensler may have been too quick to dismiss the potential benefits of digital currencies. In a recent interview with Bloomberg, he said that he is now exploring how blockchain technology could be used by the US Army.
How did it all start?
Gensler’s main concern is that most Initial Coin Offerings (ICOs) are actually securities offerings, but they are not being regulated as such. He believes that this could lead to a lot of investors losing money when the cryptocurrency market crashes.
Gensler is not the only one who has voiced concerns about cryptocurrencies. JPMorgan Chase CEO Jamie Dimon has called Bitcoin a “fraud” and said that it will eventually blow up. And Goldman Sachs CEO Lloyd Blankfein has said that he is still “thinking about” Bitcoin, but he is not sure whether it is a fraud or a bubble.
Not Against the Source but just against the product.
Gensler said that he was impressed by how blockchain could be used to create trust between different parties, which is essential for transactions in war zones. “The US Army’s need for trust is even greater than Wall Street’s,” he said. “If you’re going to send someone into harm’s way, you better be able to trust them.”
He also noted that blockchain could help reduce corruption and improve transparency in military operations. “In many cases there are no auditors, no inspectors general,” he said. “You can’t have a modern army without some level of transparency and accountability.”
On an Ending Note:
While Gensler’s concerns are valid, his stance on crypto is a little hypocritical. After all, Gensler was a big supporter of blockchain technology while he was at the CFTC. He even said that blockchain could revolutionize the financial industry.
So why is Gensler so against crypto now? It seems like he’s just trying to protect his own interests. He was a big supporter of Dodd-Frank, and he knows that more regulation in the crypto world will benefit him and other large financial institutions.
Gensler should be careful though. The public is starting to see through his hypocrisy, and they don’t like it. If he keeps attacking cryptos, he could lose a lot of support from the community
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What You Need to Know About the Binance Investigation
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“Binance has demonstrated its dedication to security and compliance,” a corporate spokeswoman adds. The proximity of Binance to its defunct competitor FTX has prompted federal prosecutors to seek additional material in their four-year-old probe into the world’s largest crypto exchange.
Binance’s investigation
According to a weekend Washington Post article, US authorities in Seattle have been pressing banking businesses to turn over records of interactions with Binance over the past few months. Two unidentified people who examined the subpoenas are cited in the newspaper. According to a December report by Reuters, the probe encompasses the Justice Department’s money laundering unit, the U.S. Attorney’s Office in Seattle, and the National Cryptocurrency Enforcement Team. In reality, the Binance inquiry predates the formation of the Justice Department’s crypto enforcement division, which was established in 2021 and just appointed a new director, Eun Young Choi.
“As has been well documented, regulators are conducting a comprehensive investigation of the whole crypto business in light of many of the same concerns,” a Binance representative told Decrypt.
“This fledgling sector has expanded rapidly, and Binance has demonstrated its commitment to security and compliance by making significant investments in our workforce as well as the tools and technology we employ to detect and discourage criminal behavior.”
What did the department of justice do?
The Department of Justice did not immediately reply to Decrypt’s request for comment. According to Reuters, prosecutors in the United States Department of Justice are divided on whether the evidence previously acquired is adequate to indict Binance leaders, including CEO Changpeng Zhao.
According to four unidentified people familiar with the subject, at least some of the prosecutors participating in the inquiry believe the government needs to continue building its case before charging. People who wanted to wait have gotten their way so far. Prosecutors at the United States Department of Justice lashed out at Binance on Twitter, claiming its December report was “attacking our amazing law enforcement staff” and linked to a blog post from Tigran Gambaryan, the company’s chief of intelligence and investigations.
Gambaryan boasts in the article that the firm would handle over 47,000 law enforcement demands in 2022. “The majority of what we accomplish happens behind the scenes, away from the spotlight, and is rarely acknowledged by the media or the general public,” he wrote. According to Reuters, the two sides have even disagreed on whether the evidence previously acquired is adequate to indict Binance leaders, including CEO Changpeng Zhao.
Did you know a separate inquiry is going on Binance trading.
Meanwhile, the Commodity Futures Trading Commission (CFTC) is conducting a separate inquiry into alleged insider trading at Binance. The CFTC attempted to investigate if the business had provided US futures traders access to its exchange rather than its US-based branch, Binance US, in 2021, when news of the probe became public. Given the state of crypto markets over the last year, each fall heightens scrutiny of the enterprises that remain.
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What you need to know about the Decentralized Prediction Market ?
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SHHHH!!! You know his name right?.. You know… that guy who won around 1 crore just a month back via a prediction game? Mmmmm..what’s it?…
Ah Yes!!!! Got it!
Dhirendra Rawat, a resident of Dikhol village, has won a whopping Rs 1 crore while playing cricket on a particular & famous fantasy game. Ever wondered how something like this happens, just by making simple decisions ? That’s what is called Prediction Markets!
What are Prediction Markets?
Prediction markets are a type of financial market that allow participants to bet on the outcome of an event. They can be used to predict everything from election results and stock prices, to sports scores and future events.
There are many different types of prediction markets, but they all share one common feature: they allow people to put their money where their mouth is. This provides an incentive for people to make accurate predictions, as they stand to profit if they do so.
One such example is this famous app across the country, that rewards you with money, if you can predict the outcomes starting from, the number of players in the team, name of those players, formation till the runs scored by them in the last over. And once your outcome seems to be correct, Tadaa!! Here comes your winning money!
One example of a prediction market is the Iowa Electronic Markets, which allows users to buy and sell contracts related to various political events. The market is run by the University of Iowa and is open to anyone over 18 years old.
Another example is Betfair, an online betting exchange that allows users to bet on a variety of sporting events and other outcomes, such as who will win the Nobel Prize.
How Prediction Markets Help Investors?
By allowing traders to invest in their predictions, prediction markets provide valuable information about what people think will happen in the future. This helps businesses make more informed decisions when it comes time for them to plan for upcoming events or changes in their industry.
Anything to keep in mind?
Prediction markets are not without their critics, however. Some argue that they are susceptible to manipulation, as those with inside information may be able to profit at the expense of others. Others argue, that they may lead to herd behavior, as people may simply follow what
AND NOW, WHAT ARE DECENTRALIZED PREDICTION MARKETS?
“Decentralized prediction markets are a revolutionary way of predicting the outcome of events and making money off them.”
How do they even work??
They use blockchain technology to create an open, transparent market where anyone can participate in betting on the outcomes of any event or situation.
This new form of investing has already been gaining traction in recent years, as more people become aware that they can make money from their predictions without relying on traditional stock exchanges or gambling sites.
What’s in it for you?
The main benefit to decentralized prediction markets is that they provide users with greater control over their investments and bets than ever before.
Unlike traditional stock exchanges, there is no central authority controlling who trades what and when; instead, users have direct access to all available information about each asset class being traded on the platform.
As such, investors don’t need to worry about third-party interference affecting their decisions — something which is often seen as a major disadvantage for those using conventional investment methods like stocks and bonds!
These can be used extensively by businesses and governments to make decisions, and they have been shown to be more accurate than traditional methods such as opinion polls.
Think Corner?
Decentralized Prediction Markets are quickly becoming one preferred method by many investors looking get involved with cryptocurrency trading while still maintaining full control over how & where they invest their funds — so if you’re looking take advantage these lucrative opportunities then now would definitely be time start exploring this exciting new world financial freedom today!
Why should you go ahead with this?
Prediction Markets offer an interesting way forward towards staying up-to-date with current trends while also providing individuals with an opportunity to capitalize off accurate predictions made through trading activities performed online — making them quite attractive options for those who want to stay one step ahead of competition!
Getting back to the point & Giving you one last reason — why should you be a part of it!
Lastly, decentralized prediction markets also offer significantly lower fees than other forms of trading platforms due to its lack of middlemen taking commissions for facilitating transactions between buyers/sellers; this means more profits go directly into your pocket rather than someone else’s!
Furthermore these platforms tend to be much faster when it comes down to executing orders since everything runs through smart contracts built onto Ethereum’s blockchain network — meaning you won’t have to wait days (or even weeks) before seeing your investments pay off!
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What made Indians transferred over $3.8 billion to foreign exchanges.
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“Since the implementation of tax, the $3.8 billions have been transferred to foreign exchanges. The first financial assessment of the impact the nation’s crypto tariffs have had on local trading platforms comes from a report by the Esya Centre.”
Did you know what Narendra Modi did to crypto?
After the nation announced strict crypto tax policies in February of last year, Indians transferred more than $3.8 billion in trading volume from local to international cryptocurrency exchanges, according to a report by the Esya Centre, a New Delhi-based think tank for technology policy. According to the analysis, a total of $3.85 billion was moved from February to October.
The analysis offers the first monetary assessment of how India’s contentious cryptocurrency tax legislation will affect domestic exchanges. On February 1, 2022, the government of Prime Minister Narendra Modi declared a 30% tax on cryptocurrency income and a 1% tax deducted at source (TDS) on all transactions.The 1% TDS and 30% tax both went into effect on April 1 and April 1, respectively. The tax industry was unable to substantiate its claim that the levies would “destroy liquidity” at the time the taxes were introduced.
What did the Esya center poll reveal?
According to a survey by the Esya Centre, local exchanges lost 81% of their trading activity in the four months following the implementation of the hotly contested 1% TDS rule. Nischal Shetty, CEO and founder of WazirX, one of India’s largest exchanges, predicted that Indians will “find methods to not be part of the [domestic] system because people are not going to leave crypto” days before the 30% tax took effect. Esya warned that if the current pattern holds, “centralized exchange businesses would become unviable” in India.
According to the research, “we predict a commensurately big negative impact on tax collections, as well as a decline in transaction traceability — which defies the two main objectives of the existing policy architecture.” The existing tax structure “may result in a loss of local exchange trade volume of about $1.2 trillion in the next four years. “The virtual digital asset (VDA) market in India is “crippled under the current tax architecture,” according to the paper, and the “baseline scenario” under the existing set-up is that “virtually all” Indians who use centralized VDAs will switch to a foreign exchange.
Also according to the academics, TDS should be reduced from 1% to 0.1% per transaction, which would be on pace with the securities transaction tax. Additionally, they advocate for placing progressive taxes on earnings rather than a flat 30% tax and enabling losses to balance gains. India, a country with a record-high $36.4 billion current account deficit, needs money to come in rather than to leave the country through off shore trades that don’t go through banking institutions. The most recent findings might put pressure on the government to restrict cryptocurrency outflows that increase India’s current account imbalance. The Finance Ministry of India’s official declined to comment on the study.
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ARE TURKEY & E-DEVLET : THE NEW COUPLE IN OLD-TOWN ?
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“Turkey has recognized the potential of the Blockchain technology, and is now utilizing digital identity solutions powered by blockchain to provide its citizens with improved access to public services.”
Turkey is a vibrant and exciting country with a rich culture, beautiful landscapes, and friendly people. With its bustling cities and stunning natural wonders, Turkey offers something for everyone. But in addition to the traditional sights of this amazing country, it also provides an innovative way to access government services: E-devlet.
Wondering What E-Devlet has?
E-devlet is an online platform that enables citizens of Turkey to manage their government affairs more efficiently than ever before. Through this service they can apply for passports or ID cards; pay taxes; register businesses; obtain driving licenses or vehicle registration documents; receive social security payments or benefits from insurance companies — all without having to go through long queues at public offices! In short, E-devlet makes life much easier by simplifying bureaucratic processes that are often time consuming and tedious when done manually in person.
(Think Corner)
Even India has such facilities, but we’re taking baby steps and making this a statewide services and will be later developing into a nationwide one
(Eg:Property Check — https://propertychain.nic.in- ,
Certification check: https://kseeb.karnataka.gov.in/nicblockchain_new ,
Documentation check: https://certificatechain.nic.in
Logistics & Supply chain check: https://dlc.kar.nic.in/
Although the government has started its first step towards this 1000 mile journey, we’re also letting you in on a private wealth development services based in India — check them out here!)
What’s the point?
Now getting back to the point here, The advantages of using E-Devlet are clear — not only does it save time but also money as there’s no need for expensive travel costs associated with visiting public offices in order to complete paperwork onsite! Furthermore, customers have the added benefit of being able to secure transactions quickly thanks to stringent safety measures such as encryption technology which keep personal information safe from hackers or other malicious actors seeking unauthorized access into accounts .
All these factors make using E-Devlet one of the most convenient ways available today when dealing with governmental affairs while living in Turkey — so why not give it a try?
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