£0.00
March 31, 2021
Comments Off on Wealthy Investors of Goldman will gain access to bitcoin
Goldman Sachs is looking to offer its customers investments into crypto assets. After the appointment of its new global head in digital assets, Mary Rich. Goldman decides to follow the footsteps of many renowned organizations. The bank reportedly said it would begin this investment in the 2nd quarter. She is the new head of the digital asset class.
Goldman is all set to offer investment plans for investors into bitcoin and other assets. She also mentions that they are looking to invest in all spectrums. This will include derivatives, investment channels, and even physical bitcoins. Although the bank explicitly stated that this is only for wealthy customers. So, customers who are willing to put in extensive investments will get these services. “Goldman is looking to invest into the upcoming internet revolution,” says Rich.
How can clients benefit from this?
CNBC revealed that Goldman Sachs is to offer its Prime customers, digital assets. Mary Rich said 
that they are working closely. They want to provide customers with something better to look forward to. With this client will have a user-friendly ecosystem. Therefore, they will have access to digital assets. With this, customers can quickly get all the information regarding their investments.
that they are working closely. They want to provide customers with something better to look forward to. With this client will have a user-friendly ecosystem. Therefore, they will have access to digital assets. With this, customers can quickly get all the information regarding their investments.How does this affect the global market?
Goldman and Sachs hold some of the most prominent billionaires in the market. Morgan Stanley is also looking to enter the same business. These banks will work with some of the most significant corporate houses in the country. Where they will be able to invest their money into bitcoins and other assets.
Most of these customers know that bitcoin can stake their funds against inflation. This came into consideration after Morgan Stanley revealed their strategy. Morgan Stanley is looking to enter the crypto market in April.
Only the wealthiest can Invest
The banks already know the market of cryptocurrencies is very volatile. Due to which they tried to negotiate these investment plans with their customers. In a statement, Rich said that they had to accept the demands of their clients. After which, the bank decided to regulate this investment scheme.
Goldman 
Sachs’s management team will target those who are ready to invest at least $25 Million. This will help them cut out the masses, and the only customer that has enough money can jump in.
Sachs’s management team will target those who are ready to invest at least $25 Million. This will help them cut out the masses, and the only customer that has enough money can jump in.Rich also mentions that customers are showing great interest in this investment eyeing the growing popularity. Also, it’s one of the best hedging options to fight inflation. She also mentions that many clients feel left out.
What is their Game Plan?
Goldman’s management team is looking to follow Morgan Stanley’s game plan. They will offer customers bitcoin-powered investment funds. Also, customers can invest in many other endeavors. The official also said that clients could also invest in Galaxy bitcoin funds. Here you can buy and sell general holdings quarterly. Whereas its institutional fund can liquidate on a weekly basis.
March 30, 2021
Comments Off on New money to get stashed into Bitcoin as inflation fear soars
The American financial market is mainly fueled by debt. And the rising inflation problems are causing too much trouble. Even for an average American citizen. America is facing exponentially rising inflation rates. A recent study found out that out of every 100 people, 70 got affected by inflation.
With the emergence of cryptocurrencies and more people being increasingly aware of them. We can expect more room for Bitcoin to increase its value as the buying pressure gets a massive push due to the fear.
What is the reason behind the fear?
Experts say that the fear is predominantly political. Many workers lost their job and others are struggling with lesser work hours due to Covid. Because of this, their pays decreased, which was the reason for this 
chaos over time.
chaos over time.These people are the most vulnerable and sensitive to the rising inflation rates. Therefore, there’s an impact on the general cost of living. The main reason is their low earnings, which dramatically influenced inflation.
Who gets affected, who doesn’t?
Generation Z will be directly involved. It will not be exempt from investing money into Bitcoin in the coming years.
In a survey, Generation-Z expressed a very high level of fear over the coming economic crash. Big institutions and independent whales won’t be participating in the Bitcoin world.
When it comes to inflation’s natural effect, generation x is the most worried of all groups. It is pretty understandable as the ages commonly range between 35 and 54. They are getting older with not many options in their hands. Hence, the worry about a secure future.
Why Bitcoin?
The central banks worldwide printing more money over time leads to inflation. But Bitcoin only has a limited supply of 21 million coins. This minimal supply acts as a safeguard against inflation.
Bitcoin 
is the flagship cryptocurrency in the market right now. It will continue to be the same for many years to come.
is the flagship cryptocurrency in the market right now. It will continue to be the same for many years to come.Although the prices are volatile than the average stocks, the value of Bitcoin only goes up in the long term.
So seeing this safety of Bitcoin becomes an ideal choice for investment. Even for people who feel pressurized by the steadily rising inflation prices.
What are the possible solutions?
The government can control prices to try and prevent inflation. Stringent monetary policy can help the government. This will reduce the existing money supply to fight against rising inflation. What’s more? The government can also deploy specific country-backed securities and bonds. This will allow citizens to tackle the rising inflation.
In conclusion, whatever the government tries to amend, bitcoin remains the safest bet.
March 27, 2021
Comments Off on Everything you should know about Litecoin
Bitcoin is undoubtedly the most prominent and widespread cryptocurrency currently. It is equivalent to gold. But, do you know which coin is the equivalent of Silver? It is Litecoin. As mentioned by the creator himself, Litecoin incubated to be silver to Bitcoin. It launched with a motive to improve the system of bitcoin. Litecoin soon became a widespread cryptocurrency throughout the world.
Although it is not in the top 5 crypto coins, it is evident that people know about this very well. The coin, which was around $4 in 2013, surged to around $370 in the 2017 bull run. The current price of LTC is about $180.
What is the role of Litecoin?
Litecoin came into existence in 2011 with a motive to improve the bitcoin network. It works on a peer-to-peer network made by Charles Lee. Litecoin was the first-ever alt-coin. It has a similar code to 
bitcoin with slight modifications. The coin made allows it to support large-scale acceptance.
bitcoin with slight modifications. The coin made allows it to support large-scale acceptance.It can also provide users with global payment solutions. These are of low-cost and low maintenance. Just like BTC, Litecoin is also decentralized as it runs on an open-source protocol. Released on MIT/X11 license, allowing users to copy, run, and even modify the software.
How is Litecoin Mined?
Much like any other crypto coin, mining Litecoin will also earn you special rewards. There’s a new block of Litecoin every 2.5 Minutes in the blockchain, which is faster than bitcoin. What’s more, the miners also get more rewards for mining. You will get 12.5 LTC for each block, which halves every 4 years, just like bitcoin, which will decrease in 2023.
Essential Things you should know about
More Supply:
Bitcoin’s limit is 21 Million coins. Likewise, Litecoin was also released with similar principles. Litecoin supply is exactly 4 times more than that of bitcoin. The main reason for this is that its development had a motive to improve and enhance bitcoin.
Faster Transactions:
Litecoin 
also confirms transactions at a must faster pace. Suppose you compare it to bitcoin. It takes around 10 minutes to transact, whereas Litecoin only takes 2.5 Minutes. That’s not because of its faster block generation. It can also handle more volume of the transaction at a given time.
also confirms transactions at a must faster pace. Suppose you compare it to bitcoin. It takes around 10 minutes to transact, whereas Litecoin only takes 2.5 Minutes. That’s not because of its faster block generation. It can also handle more volume of the transaction at a given time.Advanced Algorithm:
Litecoin uses an algorithm called the script hashing algorithm. This is different than that of bitcoin. This lets it generate more efficiency and faster generation capacity.
Daily Payment Solution:
The main motive of Litecoin was to be a lighter and more cost-friendly version of bitcoin. Using LTC for daily payments is very much possible. Because of its faster transactions and more capacity. Litecoin can also become a go-to payment solution shortly.
Trade Finance:
In case you don’t know, trade finance involves the processing of masses of paper volumes. And this work happened manually, which was expensive and very slow. But with the implementation of blockchain, you get the same result automatically. This is with the help of Litecoin as its financial medium.
March 25, 2021
Comments Off on OKEx Taps out of the Korean Market due to Stringent Laws
Recently OKEx lounged a notice for South Korean users using its platform. In the notice, OKEx talks about the increasing issues they are facing in South Korea. Due to which they are shutting down their south Korean platform. The announcement also states that all the users should remit their balances by 7th April. Otherwise, the company won’t be liable.
The company takes no responsibility for losses. OKEx also said that this would be solely the responsibility of the customers. This decision took place on Thursday. An OKEx representative
OKEx Logo (PRNewsfoto/OKEx)
mentions that it has become complicated for them to operate. This is due to the new law. The Korean government recently brought the new anti-money laundering law (AML). This law safeguards a business from fraudulent cryptocurrency deeds.
The company also mentions that their profits were not adding up to the compliance costs. Due to which the company decided to cut all losses and forfeit its operations in South Korea.
What were the changes?
The new act bought in multiple changes. Majorly in the financial sector to stringent crypto markets. As said by OKEx, the Korean government launched various strict laws. This was against crypto traders. AS per the new rule, the government will take 20% of the profit you make in crypto assets as tax. This amount is currently capped to KRW 2.5 Million, which adds up to around $ 2250.
Even though the government made the first 2.5 Million won tax-free. Major exchanges have seen a dip in their revenue. There was a recent interview of a Korean representative of OKEx. There he mentions that OKEx faced lots of problems while operating in South Korea. The company was not only losing clients, but it also faced governmental issues.
As per the new law, the government can now investigate any individual. That’s not, and now only people can only register with real-names. All these changes are to catch tax evaders. The government wants to oversee all the crypto operations. Due to which they are applying Stricker rules and regulations.
Other details
The government has also partnered with banks to keep an eye on crypto transactions. With the new law, the Korean government agencies can log to any transaction on their premises. They can also use this as a medium 
to investigate. This falls under its financial reporting standards. This new law will fully come into power very soon.
to investigate. This falls under its financial reporting standards. This new law will fully come into power very soon.Firms that are relatively new to this business now have a grace period for transacting in crypto. The officials allotted months as grace for jumping into crypto services. Even with so much going on, the trading volume of OKEx keeps on increasing. The company recorded around $1.3 Million trading revenue in 24 hours.
Were there more Drop-outs?
There are many big names who are tapping out of the Korean sub-continent. The most prominent name was the Binance Korean exchange. Binance is the largest crypto trader. The Korean Binance was in direct subsidiary with its parent company. This measure took place due to given circumstances.