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January 21, 2021
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Binance’s Burn Down for BNB
BNB is a cryptocurrency launched in 2017. It got its funding from Binance. BNB is a cryptocurrency offered as a discount token. With the use of this token, the users used to get discounts on trading fees till today. The number of tokens generated initially was 200 million. Binance promised to 
destroy some BNB tokens every quarter to fight against inflation. This in turn results in increasing the price of BNB tokens.
The 14th Burn of BNB
This quarter (i.e. Q4 2020) marked the 14th burndown process for BNB tokens. This time it is quite remarkable in a lot of ways. This is the first time Binance burned more tokens than actually promised. Changpeng Zhao is the CEO of Binance. He made an announcement regarding this quarter’s burn down. He mentioned that this is the first time ever that so many tokens got burnt. It is 3.6 million BNB burned this time. That is worth $166 million. He also said that this process will continue in the future. He added that to reduce the BNB’s total holding from 200 million to 100 million, it will take longer. If he goes on the promised path, it will take another 27 years to do it.
Its impact
Due to the burn program, Binance is gaining profits again. Binance, the world’s largest cryptocurrency exchange is on the path to success. The price of BNB tokens skyrocketed after the burn program for Q4 2020. For the first time in history, BNB tokens touched the $47 mark. This is its all-time highest price. So, the burn program gave direct benefits to the BNB tokens.
A reputed analyst Larry Cermark gave his opinions on this incident. As per him, Binance increased its spot in the market by 50 percent in Q4 2020. The volumes for the future also increased to 140 percent. Binance is now trying to become the market leader for the crypto world. He estimated that Binance’s total revenue for Q4 2020 is more than $470 billion.
Binance CEO’s outlook on the crypto market
Zhao wrote that BNB and Binance are on the way to success in a very positive environment. He predicted that it 
would be foolish to sell Bitcoins at a lower price than $10,000. He got a lot of criticism for this comment. Recently, he said that he will go with his prediction. He told that Bitcoin might reach $100,000 and $249,000 in the future. He mentioned that the investors should also invest in altcoins. The investors should not disregard altcoins. The crypto market has a lot of room for other projects apart from Bitcoin. He added that there will be thousands of blockchains and millions of tokens in the future. So, Binance will also be in demand and will make profits as it is a crypto exchange platform.
CZ gave a forecast of a bright future for BNB tokens. BNB tokens are no longer just discount tokens. It plays an important role in Defi, DApps, and decentralized crypto exchanges. CZ didn’t provide an estimated price of BNB in the future. However, it would not be wrong to expect $100 per BNB in the future.
January 19, 2021
Howells seeking permission to dig up a landfill site
The South Wales Argus, said that James Howells has appealed again. He was appealing to the city council for digging a landfill site. The reason is to find his lost hard drive, which contains Bitcoins worth millions.
The reason
James Howells is an IT engineer and a resident of Newport. Long back in 2013, he carried out some cleaning activities. During that process, he threw the hardware that contains a lot of Bitcoins. 
He did this by mistake. In fact, he didn’t understand that immediately. When he finally got to know about his mistake, it was too late for him to do anything. He started taking steps to get back his hard drive. To find the lost hard drive, he has to dig the landfill site. He appealed to the Newport city council. But the landfill digging plea was rejected. As Bitcoin is trending recently, the Bitcoins he lost will be worth millions now.
City council’s past decision
The council, however, rejected the engineer’s all past appeals. The council is not giving permission to dig up the landfill site. Howells was trying to seeking counsel for a long time. He had tried multiple times. As per the city council, he was contacting them to retrieve his hard drive since 2014. The authorities mentioned the reasons also for rejecting the appeal. They said that this type of excavation task was not environmental friendly.
Howells’s offer
To move the authorities at the city council, Howells proposed an offer. He mentioned that he could donate one-fourth of his Bitcoins fortune. He reported that his missing device contains 7500 BTC. So, one-fourth of the fortune will be approximately $72 million. This is a huge amount that he is offering to the city council for the search. Howells said that these funds could help in this Covid situation. He is also aware of the environmental pollution this excavation will cause. In fact, he planned to spend part of his fortune to save this.
The IT Engineer spoke about his determination to find his lost Bitcoins. He said that there will be no guarantee the hard drive will definitely work. This is due to the environment it is in right now. He said that the device exterior might not be in good condition. But he believed that the disk inside will be in good 
condition. So, there is a higher possibility of recovering the coins. He still believed that there is a chance to recover his bitcoins. But he said that the longer he has to wait for it, the lesser is the chance to recover it.
Conclusion
Howells is doing almost everything to recover his Bitcoins. But the city council is reluctant to provide permission. They are concerned about the cost of this recovery process. As per the city council, it will be futile if the hard drive is not found after this exercise. Howells also mentioned that the funds will be escrowed if the mission is unsuccessful.
January 18, 2021
Bitcoin Boom
It is a well-known fact that Bitcoin surpassed its own records and touched more than $41,000. This resulted in a massive increase in investors for Bitcoin. So, the crypto industry started trending in the market once again. Many believe that this is the most happening thing in the financial world currently. The Bitcoin currency is in a boom right now. After Bitcoins, Altcoins are also in high demand. 
Hence, there is a long line of investors for cryptocurrency in the market. Investors include retail investors, institutions, corporates, and others.
Hence, there is a long line of investors for cryptocurrency in the market. Investors include retail investors, institutions, corporates, and others. eToro New Offer
eToro is a trading and multi-asset brokerage company. The company provides multiple services to its customers. They are financial services, online investment, social investment, Bitcoin exchange, and many more. It is in Israel. It has its offices in the UK, the United States, and Australia. The company is a platform for many crypto investors. It offers to trade and exchange multiple cryptocurrencies. They are Bitcoin, Litecoin, Ethereum, EOS, NEO, Dash, and others. The company also provides some unique features to crypto investors. One of the features is copy trading. It provides a live social feed of top crypto traders and investors in the US.
The company started a new offering for its US-based investors. The offer is to do nothing but just to register a new account. With every new registration, the company is offering a free $500 reward bonus. So, the customer will have to create a new account with eToro and deposit $5000. This way the users will receive $500 for free. This offer is too good for someone to pass.
Growth of eToro
Due to the new offer, the company is getting new registrations everyday. The company is flooding with new investors like never before. New registrations increased like anything. New user registrations grew 25 times as compared to last year’s registrations. The rise in registration numbers is due to the bitcoin’s increased value and the new offer. If we analyze, eToro is actually giving 10% of the deposit for free. Hence, there is a boost in the number of users for eToro. Observations are that 380,000 new accounts got registered in just 11 days. It is around 35,000 new users on a daily basis.
New Steps
The company’s new account bonus offer is very innovative. It is proving to benefit the company with a lot of new users. 
However, the company is also aware of the volatility of the crypto market. So, it is taking appropriate steps to protect its customers from market fluctuation. The market fluctuation is very high in cryptocurrency as compared to other assets.
However, the company is also aware of the volatility of the crypto market. So, it is taking appropriate steps to protect its customers from market fluctuation. The market fluctuation is very high in cryptocurrency as compared to other assets. So, due to the above reasons, the company took a few major decisions. The company disabled margin trading accounts as of now. The company is also thinking of stopping buy orders during the weekends. The volatility and the volume are highest during weekends. So, it is considering to stop buy orders during that time. The above steps taken by the company are for the user’s benefit. The company is trying to protect its customer’s funds from the highly volatile nature of the market.
January 15, 2021
In this article, we will discuss how to send and receive cryptocurrencies. For sending or receiving cryptocurrency, the first thing you need is a cryptocurrency wallet. The next requirement is the public address of the recipient, whom we have to send money to. This is mostly very simple, just like scanning a QR code. Then we have to enter the amount we need to send. After that, we have to follow 
any wallet specific instructions, if any and click on the send button. Once the above process is complete, the transaction needs to settle on the blockchain. Let’s understand the process in detail below.
Transferring cryptocurrencies
Cryptocurrencies like Bitcoin, Litecoins, Ethereum, etc get stored in cryptocurrency wallets. These wallets have different features and functionalities. Each coin also has its own set of wallet options. So, basically, the process depends upon the wallet and the type of cryptocurrency used. Let’s view the process in general.
- One has to log into his cryptocurrency wallet.
- After login, go to the send/receive page.
- Please select the option of send or receive cryptocurrency. Please note that one can send and receive like-coins. For example, one can send or receive Bitcoin to Bitcoin. One can’t send Bitcoin to an Ethereum wallet.
- To send: Please enter the public wallet address of the person you want to send money to. Next, enter the amount you want to send. Before hitting the send button, kindly double-check everything. It is important to note that there will some transaction fees. So, your wallet should have enough balance to pay for it. Make sure the public address you entered is correct before sending the coins. One can also write a note with the transaction. This will help the sender and the recipient to know about the transaction in the future. It is advisable to use a QR code instead of typing the public address manually.
- To receive: For receiving cryptocurrency, one does not have to do anything. Once the person sends the cryptocurrency, it will get credited to the account. One does not have to follow any procedure for it. To receive cryptocurrency to his wallet, one has to share the public address of his wallet. It is better to share the QR code for the public address instead of sharing the link.
Few tips and tricks
- While sending cryptocurrency to someone, please make a note of this point. It is better to send a very small amount to the new public address for the first time. Please don’t send a lot of cryptocurrency
in the first go to a new address. If you send a test amount to a new address, it will help to know everything is right. - If you are sending coins through an exchange, you have to use the withdraw or deposit button on the exchange. Please follow the directions very carefully. Some exchanges have specific directions as well. For example, one has to write a note with the transaction or one can only send the whole number of coins. One may have to use authentication codes as per requirement.
- To exchange one type of cryptocurrency for another, one can use a platform like Shapeshift. This is for the conversion of coins from one type to another. This is useful when one wants to send Bitcoin to an Ethereum wallet.
4. Keep your private key safe and only with you.