July 28, 2021
Comments Off on The First-Ever Crypto Awards 2021
The Crypto Awards 2021 is all set to rate the best crypto projects and companies. This will focus on the reviews and feedback from real users and customers around the world.
The initiative is by FINEXPO and will allow the crypto community to choose the best out of the best. It will rank cryptocurrency investment platforms. The sole basis shall be feedback recorded by real investors. This drive is the first of its kind and is much awaited by crypto enthusiasts.
The Cryptocurrency market has witnessed an unprecedented upsurge. That too during the pandemic and it attracted millions of new investors. As the crypto space has a volatile nature, the experience of new members is not always pleasing.
However, there are innumerable choices of investment currencies out there. Therefore, some even find the preliminary phase overwhelming. The rankings provided by Crypto Awards at the end of the event could be very useful for enthusiasts.
New participants and potential investors will discover the lesser-known yet safe investment projects. Thanks to this venture. They would be able to pick the most reliable projects for future investments.
You Are The Critic
Crypto Awards is a People’s choice award, which means the judge is no one but the real users themselves. There are 88 nominations from crypto market experts. These are under the scrutiny of real players who are also in charge of delivering the final verdict. Thousands of crypto projects and companies will participate in this honest rating process. They will compete against each other to establish themselves as the best. The said nominations cover almost all areas related to cryptocurrency. Each category will see its winners awarded at the Blockchain Fest 2021.
The Award not only covers crypto projects and companies. It also acknowledges some of the distinguished personalities in this space. Special nominations to honor these personas for their exceptional contribution to the industry.
The Hype Around It
Unlike any regular awarding system, Crypto Award’s mechanism is extremely simple and transparent. It doesn’t constitute experts to select the winners. The model screams ” people for people.” And why not? Who could be a better judge of the performance of investment projects and companies? Then the folks who have used them and experienced their services personally.
Crypto Awards has currently received a significant number of entries. It is encouraging the crypto community to participate in a greater number. However, the ranking will be fair when all the leading companies take part. It will benefit the investors by finding out safe platforms for investments. Also the projects, exchanges, and organizations in establishing their credibility. In addition, to induce trust in potential clients.
The pandemic is coming to an end. Crypto Awards would be organizing a global ceremony with Blockchain Fest in Cyprus. This will be at the end of this year and will become an annual event in the future.
July 27, 2021
Comments Off on Amazon is Planning to Allow Customers to Use Cryptocurrency
Bitcoin saw a recent surge. This pump is to be because of speculations that Amazon is planning to consider Bitcoin soon. The reports said that Bitcoin will integrate with the leading market in some months. However, Amazon denied the media reports.
Job Posting led to 14% Rise
The jump was 14% up within one day and almost reached 40,000 dollars for each unit. Afterward, the currency settled close to 37,000 dollars. Monday’s upward movement resulted in quite a long slide. Within April 2021, Bitcoin experienced a high of 65,000 dollars after sliding to below 30,000 dollars. Other speculations on this surge may lead to investors purchasing more Bitcoin. This would have been so to fill up gaps having bets on its fall in value. But, it’s tough to keep tracking the short intervals in digital currency.
Amazon had earlier posted a job seeking to hire developers for the market’s Virtual currency. The need posed the applicant to be a blockchain strategist. The online market platform has seventy-four job listings and descriptions attached to them. The definition of these jobs has hinted at the adoption of blockchain. Most of these job listings were from 2021. However, they were not mainly for developing a blockchain system. The line said people in ‘blockchain’ jobs should have industry-specific experience.
Amazon is not “Not Guilty.”
Earlier this week, the market leader pleaded “not guilty.” He said the company has no plans to accept crypto payments by December 2021. It also denied the fact that it’s looking forward to introducing its cryptocurrency coin. Besides these allegations, Amazon gave an acknowledgment that it had similar plans. However, that is to explore the functionality of digital currencies within its market. In a statement, they have a strong belief that tomorrow will be on innovations. Such technological discoveries will be important in ensuring modernized and less costly transactions. In addition, they hope to cause that ‘tomorrow’ innovation to their clients sooner. Top researcher, Davidson, covered Amazon for the trading bank. He has mixed reactions to Bitcoin acceptance by Amazon.
The Surge Revives Markets
The Bitcoin value jump has come to save markets that were ‘in the mud’ for months. In May, Bitcoin experienced minimal volatility. This was amid pressure from regulators cracking down on cryptocurrencies. The crackdown in China rose because of cryptocurrency’s effects on the environment.
Companies Accepting Digital Coins.
In the world today, a considerable number of firms are accepting digital coins. This is so that they can carry out several transactions at once. In the previous week, the CEO of Tesla company, E.Musk, commented in favor. He showcased interest to accept the Bitcoin currency in the future. This would ensure faster and inexpensive transactions by its consumers globally. Tesla is currently conducting a thorough investigation on the use-case of renewable energy. This power is necessary, especially when mining cryptocurrencies online.
July 24, 2021
Comments Off on Pumping but not Dumping Bitcoin, Says Elon
Earlier this week, Elon Musk confessed to his continuous Bitcoin investments. Where he also added his comments about his investments in other virtual currencies. Musk also said that he doesn’t consider manipulating or dumping cryptocurrencies.
‘Bitcoin will Win’
This happened in a broad online forum that comprised of a heated discussion. The Tesla founder said that his belief in the crypto business still stands. Business is a method of increasing the potential of individuals. This aspect relates well with governments. He continued to say that he has traded in ETH (Ethereum) as well as Dogecoin besides the Bitcoin currency. In addition to his statement, Elon Musk said few things about his losses. He says his investment decreases when Bitcoin and other digital coin’s value drops. Which means he is not in the mood to sell them off. This statement also confirms that selling-off would cause him losses. So, Elon musk will not sell his cryptocurrencies. Just because of their volatile characteristic.
Speaking to Crypto Council for Innovation, Musk spoke of ‘pumping and not dumping’. Shortly, he anticipates that Bitcoin will surely win. He further continues to expect that Tesla will embark on sales using Bitcoin. He discarded the rumors on inefficiency, especially when mining the digital currency. To defend these concerns, Musk stated some valid reasons. He said the company’s mission is to accelerate the use of sustainable power. He also wants to achieve this without raising the energy costs. Furthermore, he added that Tesla cannot be a firm that sells its holdings. Especially when Bitcoin is focusing more on renewable.
Tesla Company to Remarry Bitcoin
Shortly, Tesla company has plans to restart Bitcoin usage. The company will carry out due diligence. This is regarding the amounts of renewable power used in mining digital coins. Elon said he is waiting for BTC’s energy costs to decrease by 50 % and above. After which, Tesla will not wait to accept the Bitcoin currency.
Dorsey’s Interest in Bitcoin Wallet
Dorsey closely revealed that he is developing plans to use the Bitcoin wallet. He is also following digital coins closely. He opted for Bitcoin currency to minimize transaction costs. It is also preferred to enhance individual well-being. Additionally, he revealed his power to view Bitcoin currency as a native coin. This can allow people to perform easy transactions across the world, he adds. This has acted as great support especially when boosting the internet enterprise individuals. He also said similar things in the discussion on the Twitter platform. Dorsey said Bitcoin has the power to generate many unique enterprise models. It can reduce dependency on the advert’s platforms, he adds.
Bitcoin is not a digital asset owned by individuals. It’s a trade motor having the power to create and change things in the ecosystem. Therefore, making the lives of people better in simple ways.
In response to Elon Musk and Dorsey’s comments, some people reacted differently. Some said that appreciate Musk’s statement. The reason is his truth about the ‘pumping and dumping’ aspect since the very first day.
July 23, 2021
Comments Off on Key takeaways from Crypto assets
New to digital currency investments? Now, this is the best site to scroll through to get a glimpse of what’s needed in the crypto world and related assets.
In truth, online memes are a thrill to people. Especially while reading a passage or a book to gain more knowledge. Since people have an amazing interest in crypto assets. We have garnered several ways to assist in the digital currency investment objectives. You need to know what crypto assets are, why they are important, and how you can enroll to kick off the trade. Therefore, we have enriched takeaways worth following especially for cryptocurrency traders. So if you are anticipating harvesting great returns shortly check this out. Take a moment to read through this piece to get the whole picture.
The Key Takeaways – Crypto Assets
1.Fear of Unknown and Greed Characteristics
In truth, these two descriptions are for human beings. It will always find a way in the digital currency space. If you can manage emotions, it becomes simpler. You can easily remain rational rather than soft especially in chaotic times. Embark on meditations before jumping into the wagon. Afterward, go up to the next step. Now you can start analyzing market individuals and how they feel about the scenario. This gives a clear picture of the marketplace as well as your crypto investments.
2.The Blockchain System is the Future Dream
Practicing crypto investments early enough is an advantage. Since it’s a preparation for the future digital ecosystem. The crypto business is here to stay from the look of things and now becomes the probable power for tomorrow. The early birds in virtual assets and people joining the space today. These are the ones enabling the crypto trends and innovations to emerge. New investors should take the blocks scheme with more seriousness. Try to think about how the internet came several decades ago.
3. Quit Nicknaming Everything Cryptocurrency
In this case, crypto-assets should be the suitable name to baptize ‘everything’. This is because digital currencies are modes of making payments. The other thing is that there are commodities attached to the crypto business. Such as the storage capabilities and electricity used in mining these cryptos. Pay attention to tokenization which offers accessibility to final products. This will also inform about services via blockchain technology. Tokenization in this case allows individuals to access and use decentralized apps.
4. The Developing and Mining Power
The two characteristics are very important. Pay attention to this when you are targeting long-term assets as well as their survival. People involved in the crypto development and mining space are ‘big think tanks.’. They allowing smooth functionality in the crypto space. This includes fixing bugs and improving networking power to sustain blockchain technology. Projects linked with blockchain may suffer slowness, failure, or even termination. The key point remains – to what level will each event occur? Well, we have just been patient and wait to see the outcomes.
July 14, 2021
Comments Off on 93,000 Victims Lost At least 350K Dollars in Fake Mine Apps
Fraudulent transactions of mining applications caused a loss of 350K US dollars. This affected at least 93,000 individuals. This was according to the statement released by a company in San Francisco.
Fake Minimal Accounts
In the recent report, one hundred seventy-two fake applications got detected. This has increased the scam level in the crypto industry. The apps were of two categories, that is, CloudScam and BitScam. Those who tailored them had an idea of targeting individuals into cryptocurrency. The two fraudulent players posted advertisements citing activities for partial fees to consumers. But after that, the two scam sites run away with the client’s funds, never to return them. Like that wasn’t adequate, the applications evangelized on fake minimal account amounts. The revelation enclosed that it was a mere delusion to all consumers.
Malicious Apps on Trend
In reality, the applications could operate under the network. This was mainly because they never did anything with malice. They were typically shells on set to lure clients who got caught up in the whole menace. More revelations from Lookout Entity showed something interesting. At least 25 out of the 172 fake applications were from google play. The security company introduced an exciting movie with the Google corporation. This was to scrap the faked apps from the store.
Recently, Teresa Jackson got hooked up by the attractive deals. They landed on an advert on Instagram. The advertisement left him wondering whether to place some finances on the ‘bait’ or not. Later, she hooked up with a person who imitated a financial expert with deep knowledge about BTC. To win Teresa, the man remained persuasive and trustworthy. Factors that left poor Teresa to invest a lot of bucks in the network. She gave out her funds and later checked on what occurred with the overall investment. The advisor went silent upon duping Teresa Jackson. This was on matters of investing 120,000 US dollars. This would become her general pension as well as life payments.
In a statement, Teresa experienced an embarrassment. Under the same, she also felt duped about the whole thing. She continued to say that her entire family had trust in her because they knew what she was doing. Currently, she is on Universal Credit though she can’t enjoy life as she used there before. Later on, Ms. Teresa got half of her finances prone to cyber-attack. Then she reported the matter to her banking institution. However, it wasn’t possible to make restorations of the lost finances. Since financial transfers were to her knowledge.
Scams Across Networks
The crypto business is spreading like a bushfire. Similarly, scammers are salivating for funds crossing over networks. Digital transactions are prominent baits for criminals hungry for easy money. Therefore, Gasparis gave financial advice to safeguard innocent clients. He said that individuals should carry out due diligence. Especially when making moves to download applications from certain stores, he adds. People should take time before making final decisions.
July 13, 2021
Comments Off on Financial Regulators Hard on Cryptocurrencies Transactions
Financial regulators from China gave a notice which warned locally based firms. The warning was in context to providing virtual currency services. The PBoC (People’s Bank of China) published a statement that disclosed several enforcers. They pushed an entity based in the capital to close down its activities. This was after suspicious participation in offering application services regarding digital coin operations.
The banking giant took this action, citing prevention and control of threats. These threats evolved around digital currency activities. This was to safeguard the overall public security as well as assets.
No Digital Currency Services
A maximum of 90 % of mining agents in the Chinese land experienced booting out of the nation. The Chinese republic has continually pressed hard on crypto-related firms. They are swiftly making new foundations. Doing so will create hot spots for digital currencies and credit blocklists. A recent victim of the crackdown was the Beijing Qudao Cultural Development firm. It came into existence in 2016. By that time, the entity was to offer marketing and PR. But regulators stood by the fact that the firm was suggesting crypto-related operations.
In their statement, they warned financial-related institutions in China. The warning was not to primarily offer business shops, commercial displays. It also included sales and marketing services as diversion-paid services. These steps were to mitigate cryptocurrency-related venture operations. The new law states many foundations to financial entities and firms. This includes names dealing with payment procedures and situated within the Chinese soil. The government is strictly against offering crypto-related goodies to consumers.
This alert came as a reminder to all public members not to practice caution. It was also a threat realization, especially when considering all the trading operations. The authorities further issued an advisory piece to them highlighting the destructive impacts. Additionally, the regulators compelled Chinese citizens to report hints linked to law violations. Even amended policies are to bind operations, and individuals found suspicious of violations.
Now individual bank accounts will be no longer utilized, instead cherished. This will be for digitized transactions. This includes recharges, withdrawals, purchases, sell-offs, and transfers of related operational finances. Moreover, this initiative is to prevent unauthorized usage and detail leakages. The whole development came in, especially when China issued a crackdown. It was to avoid blocks from miners as regulators continued to shut mining points. Soon after, the distribution of the global virtual Bitcoin token came to a stand hall. However, that was not all, and the regulators went ahead to block social platforms. This included accounts linked to famous Bitcoin campaigners. The Chinese government is tackling everything in its power to make amendments. They want to scrap cryptocurrency and other virtual coins from the Chinese ecosystems.
Financial enforcement has catalyzed many Bitcoins drops. While that’s the case, BTC is still known for being an attractive digital asset. Most people look forward to investing and dump turnovers of newbies in the industry.
July 10, 2021
Comments Off on Cryptocurrency vs Stocks – the obvious best choice
The beginning of Investment dates back hundreds of decades. However, stocks are somewhat new in today’s generation.
Nowadays, exchanges are almost everywhere. Stock exchanges are providing vast markets in the purchase and sell-off of currencies. It also deals popularly in products used across the international environment. On the other hand, crypto exchanges contribute to the trading of digital currencies. These crypto-related exchanges have become a newfound added to the market arena. Digital currencies, also cryptocurrencies, and stocks have one major feature. They are well known for ensuring the overall facilitation of investments. Both of these platforms help in trading and carry volatility. However, each has its own use case.
Apart from the details mentioned above, below is an in-depth clarification. Here we have highlighted the main differences between both of these mechanisms.
The Major Differences Explained
1. Investment Assets:
The concerning assets are our first difference between digital currencies and stocks. When a person invests in stocks, he gets stock in return. In other words, he invests in the entity’s business. Whereas, crypto exchanges concentrate on virtual coins like BTC, ETH, and other cryptos. In matters of asset ownership, stocks normally represent the equity in companies. On the contrary, the buying of digital currencies is different. It doesn’t represent a given percentage of ownership of the entity that offered the crypto. That’s how it turns out easier to possess cryptocurrencies compared to stocks.
2. Market Maturity:
Stocks have been in the trade-off for quite some time now than the digitized coins. This means they are far ahead in maturity. Therefore, they regularly receive government support. In regard to their maturity, stocks carry larger quantities and investment diversity. Cryptos are still behind in the maturity race and so is their development procedure. Currently, there are deeper plans to maximize the shape of exchange. This aims to reinforce the trader’s confidence.
3. Rate of Volatility:
Volatility creates a major concern when it comes to market issues. This can occur either with positive or negative momentum. In the real sense, huge amounts of investments increase the stock equilibrium. Thus, it makes it less vulnerable to ‘big whales’ in the trade industry. Besides stocks, cryptos are prone to a higher volatility level. That’s why investors get highs and lows in different seasons.
4. The Target Market:
For those who would like to commence investing in the stock exchange market. They better become ready to wait. Depending on the maturity and policies governing the entire trade. Procedures for investments may be inefficient therefore leading to the loss of time. On the other hand, digital currencies are at any given instance. It is not affected by holidays or governmental events. Furthermore, everyone has the capability to invest in virtual assets. Therefore, enhancing their accessibility in all corners of the earth.
July 9, 2021
Comments Off on Boston Celtics Become the Recent Firm to Marry Socios.com
Blockchain and tokenomics marked another level of development. Recently, Bolton Celtics released a partnership announcement with Socios. This partnership is to enhance the sports and entertainment sector.
The partnership will employ a digitized operation on Celtics. Therefore, contributing to the overall business relation on the team’s web platform. This will give the website a top-notch priority on Celtics.com. It can be useful for advertisement through video reels, news, and many other options. Furthermore, Socios will have the capability to maximize its advantage from the partnership. Both parties hope to take this forward in the long run.
Glad to Seek and Find Partnership
Concerning the international marketing operations, Celtics comprises huge fan traffic. It reinforces the entity across the continental realms. According to the Senior VP, Ted Dalton, they are much glad to seek this. He also adds this partnership will offer great value to fans. They are anticipating to have greater and deeper innovations and impact more fans. An achievement that will become prominent by the consistent partnership with Socios.
Celtics are icons, the globe’s prominent firm. This fact intensively delighted the Chief Executive Officer to Socios A.Dreyfus. In truth, the firm is going through a swift development of a realistic fan collaboration. They are also involved in increasing engagement in the global realms. We can say, it’s a partnership reflecting Socio’s economic expansion capabilities.
Towards the United States Marketplace
Socios.com has 40 distinct team groups. It cuts across the space of football, Formula One, sports, the MMA, and the cricket industry. The overall partnership is merely a forward gear towards the USA market arena. Initially, NHL was the original team in America to come work closely with Socios.com. Later, another professional sports team known as Philadelphia 76ERS took its place. Socios.com is planning to launch a brand-new office in the Northern region of America as per their plans.
Passive to Active Fans
Apart from this, Socios.com aims at partnering with more entities in the coming days. Their mission aims at causing transitions particularly of passive fans to active fans. An activity that sounds important and innovative in the sports industry. According to them, they are visionary in extending networks. It involves the sporting entities in the global realms. To most sporting organizations, this is possible via tokenization programs on their platform. Tokens, collectibles, and the virtual assets minted will contribute here. As a result, more enhanced influential programs and returns economic system.
Chiliz was the main contributor to Socios.com’s performance. It currently records a total of at least 120 staff members. Besides its multilingual capabilities, it has also launched new points in Turkey.
June 30, 2021
Comments Off on Banco Azteca in Mexico, the First Financial Firm to Embrace Bitcoin
One of the wealthiest folks in the United States, Ricardo Salinas, is now bullish on BTC crypto. Salinas believes that BTC is an option that is feasible and working successfully.
The Bitcoin currency is a special alternative to the traditional medium of exchanges. Including money controlled by regulatory governments. This aspect has triggered Ricardo to cause his banking institution. As the first bank to endorse and accept the BTC in the Mexican city. The tycoon came out with clarity on the Twitter platform. He responded to his previous statements on the popular cryptocurrency. On Twitter, he said that he recommends the utilization of BTC. He added that his bank and team are working together to campaign for BTC. In case anyone requires extra information, his Twitter account is consistently active. So, individuals can follow up on recent news.
According to the statements, Ricardo was able to note his intense investments. These were in the time he was learning more about Bitcoin. In this study, he says everyone who’s a crypto investor should come up with their portfolio. Also, he continued to say that BTC is a digital asset having a broadened value. It cuts across borders with gigantic liquidity on the international realms. He closed the statement to say something interesting. He said BTC has liquidity sufficient which is why it is to be part of each portfolio.
Bitcoin as an Important Asset
In truth, BTC is an important digital asset. It is actively developing numerous investors at corporate levels. This is so because of the twenty-one million finite distributions globally. The coding aspect according to Ricardo empowers the BTC making it more powerful. In comparison, other regulated currencies which Salinas nicknames a ‘Fraud’. When queried about the digital asset he can hold for at least 3 decades. He selected Bitcoin as his preferred choice for the virtual currency.
The Bank of Banco Azteca
Regarding this, Ricardo said he is busy working. This is to ensure that his financial entity is the first to embrace BTC in the Mexican city. Recently, a tangible transition is with the recent actions of banking institutions. They are proudly beginning to give digital access to active and prospective consumers. BBVA is another bank in Spain floating digital currency-related packages to their consumers. Similarly, huge institutions in the United States of America are not behind. Financial institutions like Morgan Stanley are among the many banks from the US. In addition, they are creating highways for consumers to trade in the BTC business.
Ricardo didn’t reveal the prior information about the bank’s approach. As they will be using it in providing BTC-related goodies. However, the wealthiest trader summarized positively. In addition, he said that detailed information will be out in the coming days. Therefore, so far, we are seeing development in the crypto world as a tradable asset internationally.
June 30, 2021
Comments Off on Great Britain Terminates Binance Operations in Recent Crypto Crackdown
Regulators in Great Britain recently came out with bad news for Binance. It is the top digital currency exchange platform globally. They said Binance cannot carry out regulated operations within the country’s jurisdiction. Furthermore, Britain gave an alert to clients in regard to the exchange platform. Since it is under thorough scrutiny in the whole world.
This notice was from late June. The financial regulator FCA (Financial Conduct Authority) stated this jurisdiction for the platform. As it was the only permitted financial platform in Great Britain. They said Binance “should not” take part in their regulated operations unless permitted. This decision will solely be from the Financial Conduct Authority. To continue, they must provide written consent to the regulatory body. That is if they seeking a further grant to continue with the regulated activities. Besides, the FCA gave an alert to all Binance clients. Regarding the Binance Ventures and any other body operated by the financial entity.
A recent report came from the exchange platform. It says the markets introduced in the year 2020 weren’t making use of the regulatory permits. Also, Binance said that this is a systematic plan by the regulator. It is to interrupt its normal programs. But it wouldn’t affect the services given by them. They are also considering taking collaborative approaches in teaming up with FCA. Since they do take compliance procedures with a lot of seriousness. Binance spokesman said the firm is active in retaining the variable policies. They are in parallel, working on related terms in the brand-new crypto world.
Looking back in the previous year, Binance gave an announcement. They stated about the purchase of a firm that is FCA authorized. Therefore, it considered using it to give the virtual coins services. This firm mostly incorporates in euro and pound currencies.
Digital currency investment doesn’t have direct trade regulations in the United Kingdom. As a result, the giving of crypto-related derivatives doesn’t necessarily need authorization. The Financial Conduct Authority missed these facts. Instead, the regulator issued a harsher requirement to the exchange platform. By the end month, Binance creates and displays a statement on their official website. They also have to state this message on their social platforms. The statement is, “The Binance Markets Ltd isn’t Permitted. This is to Undertake any Regulated Activity in the United Kingdom”.
Hitting hard on the exchange platform, the financial regulator added more requirements. The exchange platform has to retain full records concerning the UK customers. The crypto exchange will also have to notify the Financial Conduct Authority. These records have a submission date of early July 2021.
Even with these restrictions, the financial regulator did not offer an explanation. So, it’s hard to say why such moves were necessary. People from other nations can still access Binance’s services with no interruptions. Recently, we have seen FCA and other financial regulatory bodies scrutinize globally. They are trying several exchange platforms to curb fraudulent transactions in this sector.