£0.00
April 14, 2021
Comments Off on HSBC confirms MicroStrategy ban due to bitcoin
Bitcoin is unconditionally rallying up to reaching its new ATH. But, amidst this bull run, HSBC refrained its customers from investing due to high risks. They blocked them from buying an asset of Micro Strategy due to their heavy BTC holdings. The bank is directly saying its customers that they will not risk more into investing in such stocks. We are constantly seeing MicroStrategy making headlines again and again in recent weeks.
HSBC has no more appetite for risks.
In a statement dated March 29ththat floated on a social media handle. The bank sent out alerts to the customers of their InvestDirect product. The message was for stockholders of MicroStrategy, the 
largest bitcoin holder. The bank said that they would halt additional buying or transferring of stocks. On the contrary, the holders can sell their stocks.
largest bitcoin holder. The bank said that they would halt additional buying or transferring of stocks. On the contrary, the holders can sell their stocks.One of the spokespeople from HSBC said that the bank has no more appetite for more exposure. He said that HSBC not much desire to risk investments into virtual currencies. Due to which they will limit their holdings on securities and products.
One of the clients said that the bank is clear to withdraw most of their holdings in virtual currencies. And will no longer facilitate any extra buying of such products. He also mentions that bitcoin is the most popular and valued virtual currency.
Were there any comments from MicroStrategy?
MicroStrategy has not yet given any open statements with regards to the decision of HSBC. It seems that they are declining to comment to most of the reporters. The company surged in values with its massive holdings in the crypto market.
In March, Goldman Sachs decided to jump their guns by investing in bitcoin and other such assets. Currently, only the clients of their wealth management product have access to this. Similarly, Morgan Stanley is offering its high-valued clients access to high-risk assets.
More About MicroStrategy
MicroStrategy is one of the many big companies to invest in cryptocurrencies. In August 2020, it became the 
first-ever publicly listed company to buy bitcoins. Since then, the company bought billions of worth of bitcoins on different lows and highs. It is currently rumored to hold around $ 5.5 Billion worth of bitcoins. This was also mentioned in their regulatory filings.
first-ever publicly listed company to buy bitcoins. Since then, the company bought billions of worth of bitcoins on different lows and highs. It is currently rumored to hold around $ 5.5 Billion worth of bitcoins. This was also mentioned in their regulatory filings.On Monday, Michael Saylor revealed something exciting. He said that he would be paying board members who are not employed through bitcoins.
The company last week also highlighted that it has around 91,579 Bitcoins in holdings. The current market capitalization of MicroStrategy is $ 6.8 Billion. Out of which, 80% is bitcoin.
It is in line with big companies like Tesla, Square, PayPal. All these have massive investments into cryptocurrencies for its treasury.
April 13, 2021
Comments Off on A Romanian University Is Planning to Accept Admission Fees Via Cryptocurrencies
The price of multiple cryptocurrencies is growing each passing day. Due to which the world is accepting crypto-based payment solutions with open hands. Recently, a Romanian University of Transylvania gave an unconventional statement. The University said they will now accept admissions fees made via cryptocurrencies. Lucian Blaga University is the name of this university. It gave the statement on Wednesday.
As per that announcement, this decision passed with consent from the students. More than 
11000 students in the university will be able to pay their fees via cryptocurrency. The university will implement this in July. All these payments will occur in Elrond (EGLD), which they will later exchange with Leu.
11000 students in the university will be able to pay their fees via cryptocurrency. The university will implement this in July. All these payments will occur in Elrond (EGLD), which they will later exchange with Leu.The LBU university becomes the first educational institution to accept admissions via cryptocurrencies.
Comments Made by the University
The director of the University said that the decision will support local businesses. Through this, a student will also be able to pay fees digitally. He added that the university has always supported the locals. This decision is also a part of their strategy included in their partnership with Elrond.
How will this Benefit Elrond
Elrond is a local start-up owned by a team of researchers living in Transylvania. Many of its partners are programmers and entrepreneurs that work with blockchain technology. The company is also trying to increase the quality of its services. It uses the existing blockchain network of BTC and ETH. The coin is EGLD.
They are providing free of cost crypto solutions to Students. Therefore, there will be no additional costs for processing their fees via Elrond. They are using this strategy to make students aware of digital payment solutions. This proves to be very lucrative for students because the cost is less and backed by blockchain.
Elrond’s 
CEO mentioned that their employees have graduated from the same university. Therefore, they are well aware of the potential of students from ULBS. Some of the workers are also teaching in ULBS. The CEO, Beniamin Micu, also says that they are excited about this new venture. Through this, we are looking to cater to the necessities of our next generations.
CEO mentioned that their employees have graduated from the same university. Therefore, they are well aware of the potential of students from ULBS. Some of the workers are also teaching in ULBS. The CEO, Beniamin Micu, also says that they are excited about this new venture. Through this, we are looking to cater to the necessities of our next generations.Elrond is yet to disclosed information about supported cryptocurrencies. However, as per rumors, bitcoin and Ethereum will be the first few accepted crypto coins.
More about the Elrond Network
The Elrond Initial coin offering happened in 2019. The company offered this through the launchpad platform of Binance. In addition, the coin has a high scalability level and is interoperable. The network targets the upcoming developers, businesses, validators. They claim to provide 1000x improvement in the user experience. They do this by improving blockchain’s speed, decrease costs and provide scalability.
The company’s allure comes with adaptive state sharding. It also offers proof of stake and a contract execution engine. All of its operations happen in Transylvania, which employs many of the locals.
April 9, 2021
Comments Off on How to stay away from cryptocurrency scams
Cryptocurrencies are becoming popular and therefore, are coming under the eyes of professional criminals. As they are launching new scams almost every day to de-fraud your holdings. How do you avoid getting framed or scammed? By using these tips, you can safeguard your holdings from such scams.
Bogus Platforms
Most scams that are out there happen through fake cryptocurrency platforms. They deliberately set up by scammers to steal your money. What the scammers generally do is impersonate a famous 
website. Then they manipulate the backend code to phish your credentials and steal your money.
website. Then they manipulate the backend code to phish your credentials and steal your money.To avoid this, watch for the “lock symbol” on the top left corner of your web browser’s search bar. Another thing to watch out for is the “HTTPS” keyword before the URL of the website.
They can even change the URL’s name by changing the “o” with “0”, making it very difficult to get spotted. One way to avoid this is to search for the website name on Google and opening it right from there. You can also check whether the website’s connection is secure or not.
Cheap Coins
Another common scam that people fall for in the crypto world is those cheap coins. Coins you can buy in bulk without spending much money in hopes of making a considerable profit.
Scammers see this and try their best to exploit this inclination towards cheap coins. The scammers make their fake altcoins and put them on the market at a very reasonable price to steal your money. A lot of people fall for its low prices and invest a lot of money into it. The money is utilized by the scammers who disappear with the fake coin and the money.
To avoid these scams, make sure to research before investing. Run a background check of the basics of the altcoin and its circulation and maximum supply.
Email Frauds
Another common way scammer frauds you are by sending lucrative emails. They make the email look as if it 
has come from a very legitimate cryptocurrency company. To steal your funds, they offer you fake initial coin offerings. Therefore, a background check through their details is a must. Run a review on the web. Validate the company. Do you notice any irregularity in the email?
has come from a very legitimate cryptocurrency company. To steal your funds, they offer you fake initial coin offerings. Therefore, a background check through their details is a must. Run a review on the web. Validate the company. Do you notice any irregularity in the email?A standard Google search can give you a lot of information about such frauds. Scan through everything you get before replying. Most of the legit companies never send you such emails in the first place.
Malware
Malware affects all branches of computer technology, and cryptocurrencies are no exception. There is much malware specifically designed to use with cryptocurrencies. Most investors aren’t much familiar with them and fall quickly.
To keep malware at bay, ensure that your system firewall and antivirus are always active. They can provide you with a decent amount of spyware protection.
April 8, 2021
Comments Off on Crypto Users from South Africa should be aware of Cryptocurrency Scams
Any market that attracts amateur investors is prone to scams and misleading information. The same applies to the cryptocurrency market. Though it is present for quite some time now, it is still very new for a large chunk of investors. Scams are not only limited to new investors it also targets people with excessive greed. Although people involved in the crypto business know it is a hazardous investment. But we are not talking about the volatility where we have chances to earn money. You can find scams everywhere, and especially in a space that is still under exploration.
South African users are facing multiple crypto scams that are creating huge losses. A scam was 
recently covered by many news covering agencies around the globe. It was about an investment platform that acted like a professional investment fund. It also faked a team of high profit generating forex traders. This platform targeted South African investors through multiple mediums. After which, they also asked people to invest in their platform.
recently covered by many news covering agencies around the globe. It was about an investment platform that acted like a professional investment fund. It also faked a team of high profit generating forex traders. This platform targeted South African investors through multiple mediums. After which, they also asked people to invest in their platform.How were they operating?
So, this scam had multiple sockpuppet accounts. These accounts could be connected to the same scam. These accounts posted more than 43K tweets from their handles. To increase their reach, they continuously replied to high-profile peoples. This included many celebrities and public figures. There were few similarities between these tweets that caught the attention.
Firstly, all the fake accounts were promoting few identical traders. They even went so far that the portrayed traders were faking themselves to be South Africans. That’s not all. They even made fake testimonials to attract users. Here begins the crucial part. When a user shows interest, the accounts aim to get them on board. After which, they make these users deposit money into their accounts. That is how these scammers are fooling people.
What is the Government doing?
The 
government is spreading more awareness around crypto scams. They have acknowledged that the number of scams is rising day by day. They even lodged a release after 260,000 people lost their investments. The total number of losses amounted to close to billion dollars. The government also named all this a Ponzi scheme.
government is spreading more awareness around crypto scams. They have acknowledged that the number of scams is rising day by day. They even lodged a release after 260,000 people lost their investments. The total number of losses amounted to close to billion dollars. The government also named all this a Ponzi scheme. Investors are also lodging complaints to the FSCA (Financial Sector Conduct Authority). The authority received many complaints from crypto investors for investigation. As many investors are losing their savings into such scams. That is why the watchdogs should be more precise in safeguarding these people.
The FSCA tried to portray its message by informing investors about such scams. They even said that FSCA or any other South African body doesn’t regulate crypto investments. That’s not all, and they also said that the governing body won’t take responsibility for any such offenses. The FSCA also noted that people who have lost their money are most likely not getting it back.