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Crypto Crash Upgrade (6/14): Bitcoin, Ethereum, Solana, Cardano, Speck, DOGE, XRP, BNB drop upto 15%

2022-06-22T00:42:00.003-07:00

Crypto Crash Latest News (14th June): Top cryptocurrencies have suffered worst price drop of 2022 as the global crypto market cap fell below the $1 trillion mark. This is the first time since January 2021 when the global crypto market cap is below $1 trillion. In fact, around $100 billion has been wiped out from the crypto markets in a day. The global crypto market cap has fallen to $912 billion, down from the $1.04 billion recorded yesterday morning.

At the time of writing, almost every top crypto was in the red with prices of many touching new lows in the last 24 hours, according to CoinMarketCap data (9.10 am, India time).

Bitcoin (BTC) price has dropped by 14 percent percent in the last 24 hours to $21,966. The top crypto’s dominance has decreased nearly 2 percent to 45 percent of the total crypto market. In the last 7 days, Bitcoin price has decreased by massive 26 percent.

Meanwhile, the total cryptocurrency market volume over the last 24 hours increased by 62 percent to $153 billion, indicating massive sell-off of crypto holdings by investors. The total volume in DeFi was $10.55 billion, which is 7 percent of the total crypto market 24-hour volume. Stable coins volume was $136 billion, which is 89 percent of the total crypto market 24-hour volume.

Why market crashed?

The massive sell-off in crypto markets was triggered due to fears of another systemic threat after crypto lending service Celsius announce pausing withdrawals due to “extreme” market conditions.

“Bitcoin and the overall Crypto markets bled heavily with BTC falling by over 10% in a single day and dropping below the $21K level as the Dollar Index(DXY) continues to strengthen. The weekly trend for the BTC has broken below the triangle pattern and has fallen below its last support of $24,000,” analysts at WazirX Trade Desk shared in a note.

“The next immediate and key support is expected at $19,000. The market sentiment has dipped to a new fear level of 8, the lowest in almost 2 years. The crypto markets could lose more ground if the Dollar Index stays strong and the Stock market continues to correct,” they added.

Crypto Rupe Index Change

Crypto Rupee Index (CRE8) by CoinSwitch fell 27 percent in the last one day to Rs 2245. CRE8 tracks crypto market performance in INR the time of writing, the index was down by Rs 829 in 24 hours. CRE8 is an Indian Rupee denominated crypto index reflecting Indian marketing conditions. Read more about CRE8 here)

Top Cryptocurrency Prices on June 13

Ethereum (ETH): Ethereum price has dropped 15 percent to $1159 in the last 24 hours. In the last 7 days, ETH price has decreased by 34 percent. It is currently ranked second largest crypto asset in terms of market capitalisation.

Binance (BNB): Binance Chain coin’s price decreased by 10 percent to $217 in the last 24 hours. In the last 7 days, BNB price has decreased by 24 percent. It is currently ranked as fifth biggest crypto asset in terms of market capitalisation.

XRP: XRP coin’s price decreased by 6 percent to $0.3134 in the last 24 hours. In the last 7 days, XRP price has decreased by 20 percent. It is currently ranked as 8th biggest crypto in terms of market capitalisation.

Solana (SOL): Solana price decreased by 4 percent to $28.14 in the last 24 hours. In the last 7 days, SOL price has decreased by 29 percent. It is currently ranked as 9th biggest crypto asset in terms of market capitalisation.

Cardano (ADA): Cardano token’s price decreased by 2 percent to $0.4711 In the last 24 hours. In the last 7 days, ADA price has decreased by 21 percent. It is currently ranked as 7th biggest crypto asset in terms of market capitalisation.

Popular memecoin Dogecoin’s (DOGE) price decreased by 10 percent in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalisation. The price of DOGE at the time of this report was $0.05464.

Price of Polkadot (DOT) decreased to $7.16 while Avalanche (AVAX) price was down by 2 percent to $16.26 in the last 24 hours. Both DOT and AVAX are currently ranked 11th and 16th respectively on CoinMarketCap. Polygon (Matic) price fell by 10 percent to $0.4258 in the last 24 hours. It is currently ranked 18th on CoinMarketCap.

Meanwhile, Tron (TRX) price has also decreased by 18 percent in the last 24 hours to $0.06072. It is currently ranked 13th on CoinMarketCap.

Norton, the anti-virus company, will now offer Bitcoin mining services.

2021-06-03T23:02:00.006-07:00

The company claims that it would assist customers in more safely putting computers to work earning money – while the benefits may be minor.

Photo : Pixabay

Millions of users will soon be able to mine cryptocurrencies without having to install any additional software, thanks to Norton's announcement that the feature will be added to its LifeLock protection software.

Norton Crypto, according to the business, is designed to let consumers to put their PCs to work mining bitcoin – and eventually earning real money – without having to utilize untested software.

“We are honored to be the first consumer cyber security firm to provide coinminers with the chance to earn digital currency while their computers are idle,” said Gagan Singh, Norton's chief product officer. “With Norton Crypto, our consumers can mine bitcoin with only a few clicks, bypassing many of the cryptocurrency ecosystem's obstacles to entry.”

In the next weeks, Norton Crypto will be available to all Norton 360 customers. The company claims that it enhances the current experience. “Many coinminers have had to take risks in their hunt for cryptocurrencies for years, disabling their security to run coinmining and enabling unvetted code on their workstations that might be skimming from their earnings or even planting ransomware,” Norton added. “Earnings are frequently saved directly on miners' hard drives, risking the loss of their digital wallet if the hard drive fails.”

“Many coinminers have had to take risks in their hunt for cryptocurrencies for years, disabling their security to run coinmining and enabling unvetted code on their workstations that might be skimming from their earnings or even planting ransomware,” Norton added. “Earnings are frequently saved directly on miners' hard drives, risking the loss of their digital wallet if the hard drive fails.”

Norton's message is that because it is a well-known security firm, consumers can be certain that their computers and Bitcoin are in good hands.

Norton did not say how it plans to monetize the function, but photos of it in action imply it will work like a "pool," with all users sharing in the profits. A pool method would allow the corporation to charge a membership fee in addition to making payouts more predictable. Competitors take around 1% of your earnings.

Many in the Bitcoin community were skeptical of the report. Mining bitcoin consumes a lot of energy, and it's difficult, if not impossible, to generate more money from mining software than you'd spend on electricity bills on most regular PCs. While users might still benefit by using electricity that they don't have to pay for, such as from offices or student housing, this would pose legal problems.

Similarly, in many countries, profits from cryptomining are taxable. A daily profit of pennies might not be worth the paperwork involved.

Source : The Guardian

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A Reddit user explains how to invest in cryptocurrency using a 10-factor approach.

2021-06-02T20:26:00.002-07:00

Photo : Pexels

From Elon Musk to Sneak around Canine to Quality Simmons, digital currency has surprised the world. However, there's consistently a tremendous danger that goes with computerized monetary forms and ought to be calculated in previously and keeping in mind that contributing. A new model is Bitcoin, the world's most seasoned and biggest crypto coins that plunged almost 30% after the Chinese government's crackdown on the exchanging of computerized resources. Having said that, there are as yet an enormous number of financial backers who consider putting resources into digital currencies tempting yet can't move forward because of an absence of information.

What's more, for them maybe this post by a Reddit client (u/teoeo) may prove to be useful. The client, prior to posting 10 significant elements, guaranteed that they been engaged with computerized money speculations since 2017 and, consequently, might want to share their input on the most proficient method to go about it. The client pushed on picking coins utilizing a worth contributing methodology. Here are the 10 variables specified in the post:

1) The client stressed that it was imperative to consider just those advanced monetary forms that resembled customary organizations. Moreover, said would take a gander at just those cryptos that have a "discrete item or administration they give". At that point said that while they were available to considering cryptos like Siacoin/Storj/Filecoin (decentralized capacity), Golem/IExec (distributed computing), Theta (video real time), Force Record/WePower/SunContract (decentralized energy commercial center), wouldn't put resources into Bitcoin, Nano, or other such monetary standards.

2) Whenever you have shortlisted a couple of expected cryptographic forms of money to put resources into, it's time you prohibited those that didn't have a worth added recommendation because of decentralization. "In all honesty, not all things need to be decentralized. On the off chance that I can't answer why decentralization adds esteem, I toss out the coin," the client composed.

3) The third step includes finding if the computerized money has a functioning item or item in beta. The client said this progression is basic, for anybody can say their item will do anything, however the truth will eventually come out. "On the off chance that they have a functioning item, I test the item to perceive how it functions."

4) The following huge factor to be considered prior to making any interests in computerized money includes guaranteeing your potential digital currency has a strategy to keep up financing to the engineers of the item/administration regardless of whether the cost of the coin goes down. To explain, the client said that strong undertakings generally have non-benefit establishments with a continuous income stream for engineers. "This guarantees the task will keep on developing/become in any event, during a bear market."

5) Next, the client said it was critical to focus on discovering the number of coins were at that point available for use, the level of a cash constrained by few individuals. "There are other warnings that can spring up, so I propose everybody invest some energy finding out about tokenomics by and large."

6) Surveying the market size is the thing that was recommended straightaway. "I generally attempt to take a gander at the current market size in the space that the coin is contending in. For instance, for Storj/Filecoin/Siacoin, the decentralized stockpiling market is projected to be around 150 billion by 2022."

7) The following stage includes tracking down the customary organizations in the space and their market covers. The client said it helps in settling on the choice.

8) Pushing ahead, the client proposed it was consistently an extraordinary thought to take a gander at who the rivals in the digital currency space are. This may help you track down a superior venture, and second, obviously, the contenders will have some valuable basic interpretation of the coin picked by you.

9) The client proposed going to the Wire/Reddit/Dissension workers of the objective coin and the contenders. "It is astonishing how regularly I learn something surprising and helpful."

10) Time we set up this. Whenever you have gathered all the data, the client recommended you make a sensible/moderate judgment about what the coin's present worth is and what its potential worth could be as far as market cap. "I attempt to be traditionalist and just purchase things that appear to be truly underestimated. Fortunately, a ton of cryptos are extremely underestimated."

In any case, before you approach making any interest in the unpredictable digital money market dependent on the data shared by this client in his Reddit post, and, maybe, give famous virtual monetary forms like Bitcoin and Dogecoin a pass, the client has another recommendation for you.

"I trust that some of you track down this valuable. Clearly, these are only my contemplations, so think about them while taking other factors into consideration."

Source : Gadgets 360

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Dogecoin is now available on Coinbase Pro, after the cryptocurrency's 6,000 percent increase this year.

2021-06-01T18:51:00.004-07:00

Key Points

- Coinbase Pro will begin accepting dogecoin inbound transfers on Tuesday.

- If liquidity criteria are fulfilled, trading will begin on or after Thursday, June 3 at 9 a.m. PT.

Coinbase has officially entered the dogecoin market.

Starting Tuesday, the crypto exchange will allow its Pro users to trade dogecoin, a cryptocurrency that began as a joke but has taken momentum this year thanks to Tesla CEO Elon Musk's regular tweeting.

Photo : CNBC

Dogecoin is presently selling at 32 cents, with a year-to-date gain of about 6,000 percent. However, after reaching a peak in May, it has declined by more than half.

Coinbase is one of the world's leading cryptocurrency exchanges, and its Pro service is geared for professional traders. Dogecoin may also be purchased using the Robinhood app and Gemini.

In a blog post, Coinbase stated that it will begin accepting inbound transfers to Coinbase Pro "immediately." Trading of dogecoin will commence in supported areas on or after 9 a.m. Pacific Time on Thursday, if there is enough liquidity. Trading, on the other hand, will be staggered.

The startup wants to debut in three stages: post-only, limit-only, and full trading, according to the business.

“If one of the new order books does not meet our judgment of a healthy and orderly market at any point,” the business added, citing its trading regulations, “we may maintain the book in one state for a longer length of time or cease trading.”

Coinbase's main website and consumer mobile applications do not currently support Dogecoin. A "separate announcement" will be made "if and when this support is introduced," according to the business. Retail investors will have to go elsewhere for the time being.

Coinbase, which went public in April, generates the majority of its money by trading and storing the two most popular cryptocurrencies, bitcoin and ethereum.

Brian Armstrong, the company's CEO, has been a vocal supporter of the meme-inspired dogecoin. Armstrong noted on the company's May 13 results conference that "asset addition is something close and dear" to him.

He mentioned that dogecoin is one of the most popular cryptocurrencies, and that the business plans to market the token in six to eight weeks.

Photo : CNBC

Source : CNBC

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PayPal Is Considering Adding A Crypto Withdrawal Option

2021-06-01T00:23:00.001-07:00

Customers who have bitcoin in their PayPal accounts will soon be able to move the monies to external digital wallets rather than merely holding or spending them, according to Coin Desk.

According to CoinDesk, PayPal Head of Blockchain Services Jose Fernandez da Ponte discussed the company's plans during a CoinDesk-hosted conference named Consensus 2021.

In a filmed session made accessible by CoinDesk, he added, "We want to make it as open as possible, and we want to give our users options." “[Same] as we allow people pay in any method they want, we want them to bring their crypto to us so they may use it in commerce, and we want them to take the crypto they earn with us and send it to whatever destination they choose.”

According to CoinDesk, da Ponte also stated during the conference that PayPal's own stablecoin is "far too early."

“It totally makes sense that central banks would issue their own tokens,” da Ponte allegedly remarked at the conference when asked about his hopes for central bank digital currencies (CBDCs).

Since March 30, when it announced that U.S. customers will be able to use Bitcoin as a payment option, PayPal has been busy in the cryptocurrency field.

In April of this year, the business announced that consumers will be able to link their PayPal accounts to Coinbase's digital wallets. PayPal's famous Venmo payment app is used for the connection.

Paypal Senior Vice President and Venmo General Manager Darrell Esch said in a prepared statement on April 20 that “Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto, within the Venmo environment they trust and rely on as a key component of their everyday financial lives. “Regardless of where you are in your cryptocurrency journey, crypto on Venmo will enable our audience to learn about and experiment with cryptocurrencies on a secure platform, right inside the app they already use. Our objective is to develop an easy-to-use platform that streamlines the process of buying and trading cryptocurrencies while also demystifying some of the most prevalent consumer issues and misconceptions.”

Source : PYMNTS

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After banks' warning to consumers engaging in cryptos, the RBI says the circular is no longer applicable.

2021-05-31T18:54:00.002-07:00

Such references to the circular by banks or regulated businesses are not appropriate, according to RBI, because the circular was overturned by the Supreme Court on March 4, 2020.

The RBI issued a clarification on Monday, stating that banks or businesses cannot reference its 2018 decision prohibiting them from dealing with virtual cryptocurrencies. This is a great relief for cryptocurrency investors. Following various media reports indicating that certain banks are advising consumers against trading in virtual currencies by citing the RBI's April 6, 2018, regulation, the RBI issued a statement.

The order, according to the RBI, is no longer valid. "Such references to the aforementioned circular by banks or regulated organizations are not in order," the top bank stated in a statement. "This circular was set aside by the Hon'ble Supreme Court on March 04, 2020."

It stated that, as a result of the Supreme Court's judgment, the RBI's 2018 circular is no longer effective as of the date of the court's decision on the subject, and so cannot be referred or quoted from.

Several commercial and public sector banks, including HDFC Bank, State Bank of India, and others, cautioned and rejected digital currency exchanges' services, according to investors who cited the RBI's old circular. These banks had also allegedly warned that accounts trading in cryptocurrency will be suspended.

"This is a huge step forward for the entire business. There was a lot of uncertainty among banks about whether they could serve their industrial clients. This notice makes it quite apparent "According to The Economic Times, Nischal Shetty, the founder and CEO of WazirX, said. He also sent a copy of the RBI's official circular on the subject.

WazirX, India's largest crypto exchange, called it "good RBI news."

The RBI statement said banks and other commodities can, notwithstanding, " continue to carry out account due to assiduity processes in line with regulations governing ethics for Know Your Account (KYC KYC),Anti-Money Laundering (AML AML), Combating of Funding of Terrorism (CFT CFT) and arrearages of regulated commodities under Prevention of Croesus Laundering Act, (PMLA PMLA), 2002, in addition to cinching compliance with apposite bread under Foreign Exchange Management Act (FEMA FEMA) for overseas remittances."

Source : Business Today

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A citizen of the United Arab Emirates has lost all of his savings after investing in a "fake" cryptocurrency Dubai/Waheed Abbas

2021-05-30T19:18:00.003-07:00

Arabian Chain Technology, situated in Dubai Silicon Oasis, has previously said that it had not released the virtual asset and advised users to exercise caution.

Photo : Pexels

A UAE individual has lost Dh15,000 in the digital currency ‘DubaiCoin,' a supposedly newly-launched virtual asset.

The cryptocurrency was thrown into disarray after Arabian Chain Technology, the company rumored to be behind the launch, denied the claims.

Aristeo Batol, a native of the United Arab Emirates, said he bought in ‘DubaiCoin' last week through a buddy but lost the money.

Batol told Khaleej Times, "I lost my job and my sole funds."

Arabian Chain Technology, situated in Dubai Silicon Oasis, has previously said that it had not released the asset and advised consumers to exercise caution.

It had also tweeted, "Also, this website dub-pay.com/en is false and a fraud. Please be careful."

The Dubai Electronic Security Centre also confirmed late Thursday, May 27, that no official institution has authorized the ‘DubaiCoin' digital money, and that the website touting the coin is unlicensed. The authorities cautioned that it tries to phish people's email addresses, passwords, and phone numbers through an electronic form.

Last week, sources told Khaleej Times that a probe into this new 'virtual currency' is underway.

Arabian Bourse's Chief Executive Officer, Arshad Khan, recommended UAE investors to undertake due research before investing in virtual assets.

Source : Khaleej Times

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The program includes dogecoin because of its 'huge and noisy' fandom, according to eToro's CEO, who also mentions shiba inu coin's similarly fervent following

2021-05-29T20:04:00.003-07:00

2021 has so far been the year of cryptocurrencies, retail trading, and special purpose acquisition companies, or SPACs, in the financial markets.

The worldwide stocks and cryptocurrency trading app eToro is expected to go public later this year through a $10.4 billion merger with the FinTech Acquisition Corp. V SPAC.

Photo : Pexels

However, eToro is well-known among amateur traders and crypto enthusiasts as a major backer of bitcoin trading throughout the world. It made news in early May when it added dogecoin to its portfolio, helping to propel the meme cryptocurrency to an all-time high of about 50%.

Elon Musk describes Dogecoin's community as "big, noisy, and humorous."

The real question, according to Yoni Assia, CEO of eToro, which he cofounded in 2007, was why it had taken so long.

"To be honest, because dogecoin was created as a meme or a joke, it didn't feel like a good investment to us."

Nonetheless, Assia claims that eToro finally judged that dogecoin's admirers' excitement - including Tesla CEO Elon Musk - proved the coin had a future and was worth adding.

Assia claims that Dogecoin has "one of the largest, loudest, and most amusing communities in the cryptocurrency business," and that "a robust community is a very powerful aspect of every cryptocurrency."

He goes on to say: "And one member of that community stands out from the others. That's Elon Musk for you."

One of the driving drivers behind the rise of dogecoin, bitcoin, and cryptocurrencies in general has been Tesla CEO Elon Musk. He has the ability to send assets flying or plummeting with a single tweet.

"It truly affects the dynamics when one member of that group is worth $180 billion," Assia explains.

eToro has introduced a slew of cryptocurrencies to its platform, allowing users in the United States and throughout the world to trade digital assets.

Is it planning to integrate the dogecoin clone shiba inu coin, which has lately gained popularity? "Unfortunately, we do not comment on future eToro listings," Assia explains, "but it appears that shiba has a dedicated community behind it.''

The trading app aims to inform users about risk.

Despite the fact that dogecoin has a large following, traditional financial professionals and authorities have cautioned speculators that they may lose a lot of money if they invest.

Politicians have chastised trading applications like Robinhood for ''gamifying'' trading and making it easier to risk enormous sums on relatively unknown securities, causing many people to lose a lot of money.

Is Assia concerned about this? ""Risk management is constantly on my mind," he continues, "which is why we aim to educate our consumers." eToro "taught our consumers about diversity, which is the first and most essential part of risk management and portfolio management," when bitcoin and other cryptocurrencies began to plummet little over a week ago "Assia expresses her opinion.

Is it possible for the retail trading boom to continue?

eToro is expected to go public later this year after a $10.4 billion merger with Betsy Cohen's Fintech Acquisition Corp. V, a serial SPAC-launcher.

The trading app, which is located in Israel, has reaped the benefits of the retail trading boom brought on by the epidemic, when cheap interest rates, government stimulus, and lockdowns all conspired to encourage consumers to trade online.

In 2020, eToro's income increased by 147 percent year over year to $605 million. The app was given an implicit value of $9.6 billion in the SPAC purchase.

A significant consideration for potential investors is whether the retail boom will last, justifying the high value, or if it will wane when economies reopen.

Assia believes that eToro's worldwide standing will be critical to its growth. It is mostly focused on Europe, although it serves consumers in over 100 countries.

"I have little doubt that in ten years, we will see multiple huge fintech platforms catering to retail investors all around the world," he adds.

A drive into the United States is crucial to eToro's goals. In the United States, it presently provides cryptocurrency, but it intends to add stock trading in the second part of the year.

The app's complete array of capabilities will soon be available in the United States, including its "Copy Trading" function, which allows users to emulate successful investors. According to Assia, the most copied user earns $150,000 a month simply by being copied on the website.

Assia said of eToro's intentions, "I think the opportunity is quite large." "The year 2020 has been dubbed the "Year of the Millennial Investor." We didn't anticipate it to pick up that quickly in 2021."

Source : Market Insider

Photos : Pexels, Pixabay, Unplash

Dubaicoin soars 1,000% after false claims that it is the city's official cryptocurrency.

2021-05-28T21:34:00.004-07:00

After claiming to be the de facto money of Dubai, a newly generated cryptocurrency dubbed Dubaicoin soared over 1,000 percent on cryptocurrency markets.

The coin made by cryptocurrency startup Arabianchain Technology on May 24 falsely claimed that it was the official cryptocurrency of the West Asian city, leading to a sharp rally in its price.

Photo : Pexels

Dubai denied the bitcoin was its official coin earlier today. “No governmental entity has ever authorized the cryptocurrency Dubai Coin. The coin's promotional website is a sophisticated phishing scheme aimed to acquire personal information from users, according to the city.

ArabianChain has walked away from the situation, claiming that the website included in the phony news release is a hoax. “Please be cautious; we haven't made such a declaration. This website, http://dub-pay.com/en/, is also a fraud. Please exercise caution,” the business said in a tweet on May 26.

Source : The Economics Times

'We're scared,' says the Tax Office, encouraging cryptocurrency traders to report their gains.

2021-05-27T23:32:00.002-07:00

The Australian Tax Office is advising would-be cryptocurrency and NFT billionaires that they must pay tax on any profits they make from the rising digital revolution.

The Australian Taxation Office (ATO) warned taxpayers today that capital gains tax (CGT) applies to cryptocurrencies, as well as the sale of non-fungible tokens (NFTs).

Photo : Pexels

Crypto earnings are only taxed when they are cashed back into Australian dollars, according to the tax agency.

"We're concerned that some taxpayers believe the anonymity of cryptocurrency gives them permission to flout their tax duties," said ATO Assistant Commissioner Tim Loh.

"While cryptocurrency appears to function in an anonymous digital realm, we use data from banks, financial institutions, and cryptocurrency online exchanges to trace where it interacts with the real world in order to track the money back to the taxpayer."\

The ATO compares information from bitcoin approved service providers to tax filings to ensure that investors pay the correct amount of tax.

"We all know how difficult cryptocurrency can be. That's why we're so focused on assisting individuals in getting it properly "Mr. Loh explained.

"The greatest recommendation for nailing your cryptocurrency profits and losses is to maintain exact records of all transactions, including dates, the value in Australian dollars at the time of the transactions, what the transactions were for, and who the other party was, even if it was only their wallet address."

Photo : Pexels

Last year, the ATO contacted around 100,000 taxpayers who had transacted in cryptocurrencies directly, as well as prompting 140,000 taxpayers at the time of lodgement.

"We'll be writing to about 100,000 taxpayers with bitcoin holdings this year to clarify their tax duties and encourage them to check their previously filed returns," Mr Loh said.

"We also intend to urge almost 300,000 taxpayers to submit their bitcoin capital gains or losses when they file their 2021 tax return."

Despite the dire warnings, Mr Loh stated that if a taxpayer realizes they have submitted a return with a mistake, they would not be penalized harshly if it needs to be remedied.

"We will greatly lessen fines if you realize you've made a mistake and fix your return," Mr Loh added.

"However, neglecting to register crypto-assets and neglecting to respond when notified will result in penalties and maybe an audit."

Australians who have invested in bitcoin or sold NFTs can consult the ATO's fact sheet to determine their tax liabilities.

Source : 9 News

DubaiCoin, the city's first cryptocurrency, has gained over 1000 percent in a single day after its launch.

2021-05-27T20:05:00.005-07:00

Photo: Pexels

- Arabchain Innovation, which claims to be the first public blockchain in the Arabic world, introduced the cryptocurrency.

- Nearly the last 24 hours, the price of Dubaicoin has increased by over 1000 percent.

- In Dubai, Dubaicoin may be used to pay for products and services.

- The city and approved brokers will regulate the circulation of DubaiCoin.

The DubaiCoin is a cryptocurrency established by the city of Dubai (DBIX). The currency is traded on a limited number of exchanges and is built on a public blockchain, which means that anybody may mine DBIX to create their own. According to Crypto.com, the price of the cryptocurrency has increased by over 1000 percent in the last 24 hours. On May 27, at 4 p.m. IST, it was trading at roughly $1.13, up from an initial price of $0.17.

Arabianchain Technology, located in the United Arab Emirates (UAE), introduced the cryptocurrency, claiming to be the first public blockchain in the Arabic world. “DubaiCoin will soon be able to be used to pay for a variety of products and services both in-store and online, with the obvious goal of replacing existing bank-backed currencies. The city and approved brokers will regulate the new digital currency's circulation, according to a press statement from the corporation.

The United Arab Emirates is regarded for being a safe haven for cryptocurrency investors. In reality, the India-based COVID-19 relief organization, India Covid Relief Fund, has established a subsidiary in Dubai to convert crypto contributions into fiat currency. The Dubaicoin, on the other hand, would be distinct from other cryptocurrencies.

While mining should make it fairly volatile, and it is built on a public blockchain, it's unclear what Arabchain means when it says the city of Dubai is managing its pricing. If the coin replaces (or operates interchangeably with) the Dirham inside the UAE, it may qualify as a central bank digital currency (CBDC). Because the Dirham is always steady versus the dollar because to specific international treaties between the two nations, being located in Dubai should provide the currency some stability.

Although the Dubaicoin is not a CBDC, it is the closest thing we have to China's official digital Yuan, which is now being tested in the nation. Countries such as the United States, India, the United Kingdom, and the European Union are considering digital equivalents of fiat currencies.

Source : Business Insider

Elon Musk Explains Why He Supports Dogecoin Over Bitcoin, Ethereum, And Other Cryptocurrencies After His Surprising Call For Better ‘Ideas' Drives Its Price Soaring

2021-05-26T21:05:00.003-07:00

Elon Musk, the Tesla CEO who has pushed the bitcoin price up and down this year, has maintained his somewhat hilarious support for bitcoin competitor dogecoin.

Musk used his favorite social media tool, Twitter, to explain why he supports dogecoin, informing another Twitter user that dogecoin "has dogs and memes"—helping the dogecoin market recover from a weekend sell-off.

Photo : Pixabay

"I'm curious what your opinions are on Ethereum 2.0, Cardano, Solana, Polkadot, IOTA, and others that are aiming to grow with minimal fees," said Dave Lee, a Tesla investor and YouTuber. "How come you prefer doge to them?"

Musk said, "[Dogecoin] has dogs and memes, whereas the others don't." Over the last few years, the cryptocurrency market has been inundated with digital tokens attempting to outperform bitcoin, with challengers to Ethereum, the second-largest cryptocurrency after bitcoin, seeing competition from a wave of alternatives promising reduced costs, faster transaction times, and higher efficiency.

Musk has previously invited developers to contribute suggestions for dogecoin upgrades and enhancements through Reddit and GitHub, as well as responding to a news piece on Ethereum upgrades by claiming that Ethereum co-founder Vitalik Buterin "fears the [doge]."

"Someone suggested altering dogecoin fees depending on moon phases, which is really fantastic," Musk continued, adding that dogecoin developers "told [him] they would welcome support."

Despite criticism for its lack of growth and excessive token concentration within a few number of accounts, Dogecoin has risen by an astounding 12,000 percent since this time last year as investors predict the price will continue to rise as social media stars and billionaires cheer on the Shiba Inu dog-based meme coin—fueling predictions the dogecoin price may rise as high as $1 per Dogcoin token.

Musk has consistently chosen the meme-based cryptocurrency as his favored digital asset in recent years, having eagerly accepted the honorary title of dogecoin CEO following a 2019 Twitter vote.

Musk, however, stated in a February interview that all of his dogecoin-related comments should not be taken seriously, which raises questions about how much attention should be paid to Musk's regular, market-moving dogecoin remarks.

Photo : Coinmarket Cap

Musk boosted the bitcoin price upward after stating he'd met with North American bitcoin miners, in addition to raising the dogecoin value using his clever comments.

The so-called miners, who protect the bitcoin network by directing processing power towards it in exchange for freshly produced bitcoin tokens, were gathered over the weekend by bitcoin investor Michael Saylor to debate ways to minimize bitcoin's astronomical carbon footprint, which prompted Musk to cease Tesla's usage of bitcoin for payments earlier this month.

"I spoke with Bitcoin miners in North America. They agreed to reveal current and planned renewable energy consumption and to encourage miners [all around the world] to do so," Musk said on Twitter, adding that the discussion was "quite fruitful.''

Photo : Pixabay

"I was delighted to organize a meeting between [Musk] and the biggest bitcoin miners in North America yesterday," Saylor said on Twitter. "The Bitcoin Mining Association has been formed by the miners to encourage energy consumption visibility and advance global sustainability initiatives."

Many in the bitcoin and cryptocurrency communities are concerned that the formation of the Bitcoin Mining Council by North American bitcoin miners would lead to the centralization of the bitcoin network.

Marty Bent, co-founder of bitcoin miner Great American Mining and presenter of the Tales from the Crypt podcast, noted in his email newsletter, "It's quite troubling that this group of Bitcoiners went into this meeting' without any sense of self-awareness."

"Do they remember the last time industry stakeholders sought to speak for the majority of an entire business in a closed-door meeting? What were their expectations about this? It's amazing how arrogant people can be."

Source : Forbes

Today's top cryptocurrency prices are Bitcoin, Dogecoin, and Ethereum.

2021-05-26T00:13:00.000-07:00

Photo : Pexels

The cryptocurrency market has been in steep decline over the last two weeks due to environmental worries about bitcoin mining, China's prohibition, and conflicting signals from one of its most vocal supporters, Elon Musk.

On May 26, cryptocurrency values had recovered and were trading with modest increases. Bitcoin, which accounts for roughly 43% of the total crypto market cap, has dropped as much as $35,985 in the last 24 hours but is still trading above the day's peak at the time of posting this copy.

Musk seems to have changed his mind on accepting Bitcoin as payment for Tesla after declaring the suspension earlier this month, noting the "rapidly growing use of fossil energy for Bitcoin mining."

Musk tweeted that he had "promising conversations" with North American Bitcoin miners about the digital currency's survival, and that they had promised. Following the post, the price of Bitcoin skyrocketed to about $40,000 a coin.

At the time of writing this copy, the global crypto market cap stood at $1.71 trillion, a 4.02 percent increase over the last day. However, the total cryptocurrency market volume saw 14 percent over the last 24 hours. Further, the volume of all stable coins is now $143.71 billion, which is 79.00 percent of the total crypto market 24-hour volume.

The below are the values of the top ten cryptocurrencies as of 12:30 a.m. on May 26. (data from coinmarketcap.com)

- Bitcoin $40,676.43

- Ether $2873

Photo : Pexels

- Tether $1.00

- Binance Coin $376.65

- Cardano $1.76

- XRP $1.05

- Dogecoin $0.36

- Polkadot $24.20

- USD Coin $1.00

- Internet Computer $150.25

Source : Money Control

Tips & Tricks

This is The Best Time to Buy Crypto as It is Low & It is Slowly Rising & Everything is Fallen Down & It Will Be Easy For You to Buy it & Sell It When High. ''Buy Low Sell High.'' Today I can't Tell You More About It But You Can Watch This Video.

Conclusion

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According to JPMorgan, the latest cryptocurrency drop and move toward riskier altcoin bets resembles the 2017 crash.

2021-05-25T19:37:00.004-07:00

According to JPMorgan, the latest cryptocurrency drop and move toward riskier altcoin bets resembles the 2017 crash.

Photo : Pexels

- According to JPMorgan, the latest drop in cryptocurrency prices shows some similarities to the 2017 crash.

- According to Josh Younger of the company, buyers are starting to diversify out of bitcoin and ether and into riskier altcoins, similar to how they did at the end of the 2017 bull run.

- However, Younger claims that the cryptocurrency industry is more robust than it was in 2017.

The latest cryptocurrency sell-off, which saw bitcoin plunge more than 50% from its highs, resembles the crash at the end of crypto's previous bull run, according to JPMorgan's head of interest-rate derivatives policy.

According to Josh Younger in a Monday note, while the recent rise in overall cryptocurrency market cap has been more incremental than the 2017-2018 cycle, the wind down bears certain similarity to the crash.

He defined the speed and magnitude of the unwind as "eerily similar" to the previous cycle. And, as in 2017, investors have started to shift their focus away from bitcoin and Ethereum and toward Stable coins and altcoins. If the crypto frenzy proceeds, investors purchase more risky securities.

Photo : Pexels

This dangerous pivot, along with negative sentiment signs and financial outflows, "should caution any perception that the worst is obviously behind us," Younger cautioned.

He did, however, agree that there are certain variations in the two intervals. This time around, the industry hasn't seen the silkiness that resulted from the ICO frenzy (initial coin offerings.)

In this cycle, there has also been more financial sponsorship, continued growth and growth of business networks, wider and cheaper availability of leverage, and the emergence of DeFi ventures, according to Younger.

The researcher suggests that crypto is in the midst of a "significant downturn," and while it is too early to call the edge, the durability of the crypto market system provides a "positive structural context" for a rebound.

"We continue to see signs of robust microstructure in cryptocurrency markets: the volatility surge continues to be quite regionally concentrated, sector depth is down but has not receded amid these moves, and derivatives trading has tried to improve rapidly enough to hold a reasonable fractions of the levered long base," Younger stated. "Much of this militates against the notion that we are in the middle of a self-perpetuating vicious spiral of market declines—a classic run scenario."

Photo : Market Insider

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Source : Market Insider

According to a research, dogecoin fraudsters made millions by abusing Elon Musk's 'SNL' appearance through YouTube giveaway scams.

2021-05-25T02:32:00.000-07:00

Photo : Pixabay

- According to a study, con artists made $5 million in dogecoin through bogus giveaways while Elon Musk presented "SNL."

- Victims were fooled into believing they would get twice the amount of dogecoin they sent, according to the report.

- According to the study, several of the deceptive YouTube videos had been removed by Sunday.

Investors in Dogecoin were anticipating Elon Musk's participation on "Saturday Night Live," expecting his words to push the meme cryptocurrency to new highs.

Quite the contrary occurred. Not only did the cryptocurrency plummet by 30% over the weekend, but the dogecoin users was led on by scam artists aiming to dupe them out of their holdings, according to a new study.

The research, released on Monday by blockchain intelligence service TRM Labs, described how fraudsters abused Musk's advocacy of the digital currency and grabbed $5 million in dogecoin.

According to the investigation, this is how the fraud worked.

According to the article, during the "SNL" broadcast, viewers who searched for "Elon Musk SNL" on YouTube could witness livestreams that appeared to be hosted by the NBC program but were actually managed by fraudsters.

The livestreams promoted links to one-of-a-kind websites where viewers could get dogecoin.

On the broadcasts, there was a message that said: "Elon Musk has set aside 500,000,000 DOGE for distribution to all DOGE holders. Anyone can receive some if they go to the website."

This was somewhat understandable, given many of Musk's supporters expected the billionaire's participation on "SNL" to boost the digital asset.

Photo : Business Insider

Users were instructed to send dogecoin to a blockchain address with the promise of receiving twice the amount amount contributed.

According to the study, as of Sunday, the scammer addresses have collected around 9.7 million dogecoin worth $5 million. It highlighted preliminary results indicating the majority of inflows had been sent to the wallets by the owners themselves in order to give the appearance that they were authentic accounts.

According to the report, several of these films had been removed by Sunday.

On Saturday, someone remarked on the dogecoin subreddit: "Don't make the same mistake I did. The website will not return double the amount of coins you sent them. I went from having savings for the first time in my life to having only $60 left in my pocket."

Photo : Business Insider

"Giveaway scams are not new," according to TRM Labs' analysis. According to an FBI webpage regarding mass-marketing fraud schemes, they "victimize millions of Americans each year and cause losses in the hundreds of millions of dollars."

Have the folks behind the DeFi100 cryptocurrency initiative stolen $32Million from investors?

2021-05-24T00:09:00.003-07:00

Have the folks behind the DeFi100 cryptocurrency initiative stolen $32Million from investors?

DeFi100 fraud report: According to reports, the persons behind cryptocurrency project DeFi100 may have absconded with USD 32 million in investor Funds (approx $32 Million)(Rs233 crore).

According to reports, the persons behind the cryptocurrency project DeFi100 may have escaped with USD 32 million in investor funds (approx $ 3Million). Such claims surfaced after a statement on the cryptocurrency project's website - DeFi100.org – terrified visitors by claiming that they had been "scammed" and that there was nothing they could do about it.Analysts on Twitter estimated the "scam" to be worth USD 32 million. It was unclear how the amount was arrived at. “DeFi100 coin exit schemes and escapes with $32 million, leaving a message for all of us. “It feels like the summer of 2017,” said Cryptokanoon co-founder Kashif Raza on Twitter.

However, the allegations of a fraud may not be genuine.

The fraudulent statement has already been deleted from the DeFi100 website. The person behind this cryptocurrency initiative allege that their website was hacked yesterday (May 22, 2021), and hackers displayed the fraudulent message. “The website was hacked yesterday, and the hackers displayed the message. It has been removed,” DeFi100 tweeted.

The DeFi100 website was down at the moment of writing this report, displaying errors and the phrase "Oops, looks like that page is lost."

DeFi100 is a Binance Smart Chain-based decentralized financial technology.

Investing in cryptocurrencies is a high-risk endeavor. Investors should take prudence before putting their money at risk with volatile and unpredictable cryptocurrencies. In addition, multiple cases of cryptocurrency frauds have recently surfaced. Various reports have lately claimed that Elon Musk impersonators have defrauded investors out of around USD 2 million in the previous six months. Many individuals fallen victim to crypto scammers in their search of fast money and rapid returns.

Prices of numerous major cryptocurrency currencies, such as Bitcoin, Ethereum, Dogecoin, and others, have plummeted in recent days. Experts encourage investors to learn about the basic nature of the crypto assets in which they wish to invest.

Price Table

Cryptocurrency Headline News

- Bitcoin Resumes Sell-Off Over Weekend, Falls Below $32,000.

- Bitcoin Value Cut in Half as Cryptocurrencies Tumbles in Weekend Slide.

- Crypto Miner Halt China Business After Beijing Cracks Down, Bitcoin Tumbles.

- Elon Musk has Become Bitcoin`s Biggest Influencer Like it or not.

- Investors Lost a Whopping $830 BILLION In Crypto Crash Last Week.

- Bitcoin Price Tumble 50% From Peak & Mark Cuban Calls the Crypto Crash the 'Great Unwind.'

- Bitcoin Value Cut in Half as Cryptocurrencies Tumble in Weekend Slide.

- Cathie Wood Loads up Yet Another $51M in Coinbase as Shares Slump Amid Bitcoin Led Crypto Carnage.

- Bitcoin Falls as Much as 13% Sunday, Extending Losses From Brutal Week.

- Supposedly Green Cryptocurrency Chia is Just Another way of Wasting Resources.

- Hongkong Startup Taps American Basketball Stars to Promote NFT`s.

- $32 Million Stolen as Crypto Project De-fi 100 Pulls The Rug.

Investors Lost a Whopping $830 Billion in Crypto Crash Last Week.

- Crypto Strikes Major Gains as Bitcoin Recovers Above $35K, Ethereum above $2K & are Stable Now.

Conclusion

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Source : Financial Express

Top 6 Cryptocurrency's That are Worth Investing in This Cryptocurrency Crash

2021-05-23T00:50:00.000-07:00

Cryptocurrency Headline News

- Musk Tweets his Support For Cryptocurrency Over Fiat Money.

- Ethereum, Bitcoin, Dogecoin Price are Tumbling Down as China Crackdown Sends Cryptos into The Red.

- Goldman's Crypto Chief Worries About Fraud but not Cryptocurrency Future.

- China to Crack Down on Mining of Cryptocurrencies, Delivering a One-two Punch to Digital Tokens After Triggering Global Sell-off.

- Ethereum Foundation Says Berlin Hard Fork Addressed 'Clear & Present' Threat.

- How an Unemployed Day-Trader Burned by Both Game stop & Dogecoin Ended up Owing 20 Billion Units of a Cryptocurrency Known as Ass coin.

- The Crypto Crash Wiped out $1 Trillion This Week.

- Goldman Sachs Explores Crypto as an Asset Class Reconsidering Old Stances.

- De-Fi 100 Coin Shuts Down, runs Away With $32 Million in Investors Fund.

- Bitcoin Pizza Day Laszlo Hanyecz Spent $3.8 Billion on Pizzas in The Summer of 2010 Using The Novel Crypto.

- Wall Street & Main Street Financial Firms Embraced Bitcoin Now its Crashing.

- The Diehard Knicks Fan Bought Tickets With Bitcoin in 2013 They're Now Worth Almost $30,000.

- Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges.

- Multi-Chain Structured DeFi Protocol raises 2.1M USD Private Funding.

- Today is Bitcoin Pizza Day it is May 22, On This a Guy Named Laszlo Bought 2 Pizza From Papa Johns With 10,000 Bitcoin. [ Comment Down What is The Price of That Pizza Today]

Price Table

Tips & Tricks

TOP INTERESTING CRYPTOCURRENCIES TO INVEST THIS WEEKEND

Crypto-Bite presents a list of top interesting cryptocurrencies to invest in this weekend post-crash

The cryptocurrency market faced a massive crash on a Wednesday morning due to the warnings of potential risks in the digital wallet from the China Banking Association. The most popular digital currency, Bitcoin, incurred a drastic loss of $70 billion in the crypto-market in 24 hours. All the trending cryptocurrencies fell into a bloodbath after making investors nervous for the fear of cyberattacks from the dark web. The prices are recovering gradually after affecting the U.S. stock market for a short span of time. This fall can be the beginning of another period of uncertainty for cryptocurrencies.

Top interesting cryptocurrencies to invest this weekend

Bitcoin

Bitcoin is currently at a price of US$39,715.05 with a market cap of US$743.22 billion and a volume of US$150.50 billion for 24 hours. Bitcoin prices are bouncing back at the normal price even after the sudden fall in the market. This digital currency utilizes peer-to-peer technology to operate with large volumes of money without any authority from a bank. It is also open-source where the transaction is fast with low processing fees through worldwide payment systems.

Ethereum

Ethereum is currently at a price of US$2,578.29 with a market cap of US$299.42 billion and a volume of US$127.96 billion for 24 hours. Ethereum is a popular digital currency that is the community-run technology powering Ether. It is a safe home to digital currency, global payments, and different applications to earn a huge amount of money online. It helps to borrow and save products with a private transaction between two parties and excluding third-party intermediary companies. The active users have a secured and built-in guarantee that the transaction will be processed only after the official agreement of the deal from both parties.

Dogecoin

Dogecoin is currently at a price of US$0.353571 with a market cap of US$50.71 billion and a volume of US$8.99 billion for 24 hours. Although this digital currency was created as a joke it has shown immense growth from the viral Elon Musk tweet. It became popular for some practical efficiency with its unlimited supply and low price in the global market providing the power to inflate infinitely.

Litecoin

Litecoin is currently at a price of US$212.97 with a market cap of US$13.74 billion and a volume of US$15.19 billion for 24 hours. It has shown a tremendous effort in gaining nearly 50% loss in the Wednesday crash. It is the thirteenth-largest digital currency that illustrated its rebound strategy to the upper trend-line. It is expected to reach $220 indicating a strong buyer activity at the price level.

Ripple

Ripple is currently at a price of US$1.15 with a market cap of US$114.94 billion and a volume of US$18.92 billion for 24 hours. The swift recovery has shown that it is indeed an open developer platform that enables business leaders to send and receive payments across any currency or network without any hindrance. It has a superior speed, low-cost ad sustainability in the digital wallet that unlocks new experiences in various industries.

Cardano

Cardano is currently at a price of US$1.58 with a market cap of US$50.75 billion and a volume of US$15.89 billion for 24 hours. The main aim of Cardano is to strive to deliver new ways of transacting, interacting, and governing the global payments system. It works on a specially designed proof-of-stake blockchain protocol for consensus known as Ouroboros. Cardano has become one of the fastest-growing blockchain assets in the digital currency market. It ensures unlimited scalability that allows updates to be performed with quick transactions.

Conclusion

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Source: Analytics Insight

99% People Does not Know This 1 Good Reason to Consider Investing in Cryptocurrency

2021-05-22T01:04:00.004-07:00

Cryptocurrency News

- Stocks Could be Volatile in Week-ahead amid & Turbulence From Cryptocurrency.

- The 27-Year Old Behind Ethereum isn't Surprised by The Crypto Crash.

- 'Push to Regulate Cryptocurrency as Market is Described as ''Explosion of Risk.'

- Bitcoin Price Falls After China Calls for Crackdown on Bitcoin Mining & Trading Behavior.

- Bitcoin & Ethereum Plunge after China Announcement as Musk Refuses to Sell Tesla Holdings.

- Bitcoin Falls Back Below $40,000 as its Wraps Up Wild Week of Trading.

- The U.S Federal Reserve Begins Looking into its Own Digital Currency.

- Riot Blockchain : Bitcoin Volatility Merits Conservative Outlook.

- Bitcoin Falls Again as China Reiterates Crackdown.

- The Billionaire Creator of Eth Already Expected the Collapse of Cryptocurrencies.

- Whales Scooped up $5.5B in Bitcoin as BTC Price Dropped Below $36K.

- Federals Reserve chair Jerome Powell Says U.S Government Looking into Its Own Digital Currency.

- Cardona Mastermind is Now a Billionaire.

- Bitcoin Should not & Cannot be Part of Crypto Going green Analyst Says.

- Hongkong Government Proposal on Licensing Crypto Firms Ends Consultation Period.

- U.S Treasury Calls For Stricter Cryptocurrency Compliance With IRS Says They Pose Tax Evasion Risk.

[These Data are Taken at The Time of This Writing]

Name Price 24H 7D Market cap Volume(24h) Circulating Supply

~ Ether $ 2,250.04 18.88% 43.30% $258B 23,821,941ETH 115,974,478

~ Binance $297.80 23.75% 49.31% $45B 20,920,212BNB 153,432,897

~ Cardano $1.43 17.85% 32.67% $45B 6,384,739,86ADA 31,948,309,441

~ Dogecoin $0.33 15.20% 36.43% $42B 22,665,807,762D 129,694,208,735

~ Bitcoin $36,368.82 9.82% 25.64% $677B 2,233,257BTC 18,713,700

Tips & Tricks

''Invest With Calculation''

1 Good Reason to Consider Investing in Cryptocurrency

If you're curious about investing in cryptocurrency, you're not alone. While only 14% of U.S. adults currently own cryptocurrency, a recent report from crypto exchange Gemini indicates that 63% of Americans are "crypto curious."

Cryptocurrency is a divisive topic. While some supporters believe it has the potential to revolutionize the finance industry, others think it's a fad that's doomed to fail. Legendary investor Charlie Munger, vice chairman of Berkshire Hathaway, famously called the rise of Bitcoin (CRYPTO:BTC) "disgusting and contrary to the interests of civilization."

While it's true that nobody knows for sure whether cryptocurrency will succeed or not, there's one good reason to consider investing now.

Consider your investing style

Part of the reason crypto is so divisive is that investors disagree about its potential and whether it really will become a life-changing asset. It's impossible to know for sure how it will play out, but if you're considering investing, think about how you'll feel in either of these scenarios.

For example, say you invest now but crypto ends up going nowhere and you lose all the money you invested. On the flip side, say you didn't invest now, but crypto ultimately is successful and you missed out on the potential earnings. Which situation would make you feel worse?

For some people, losing money on their investments would be the worst-case scenario. That's perfectly understandable, and in that case, you're better off avoiding crypto for right now because there is a good chance you could lose money.

But if the regret of not investing and potentially missing out is worse than losing money, in your opinion, that's something to take seriously. Nobody wants to live with regrets, and for some people, it's better to have invested and lost money than to potentially live with the regret of not investing at all.

That said, there are a few things you need to know before investing.

Do your due diligence before you invest

Investing in cryptocurrency is a big decision, and it's not something to be taken lightly.

Before you invest, make sure you can afford to do so. Cryptocurrency is an extremely risky investment, and there's a chance you'll lose more than you gain. Only invest money you can easily afford to lose, and don't go into it with the expectation of getting rich.

It may also be helpful to set investing limits for yourself. It can be easy to begin investing more than you had planned, especially if crypto prices start to rise and you get excited about the potential of getting rich. By setting spending limits -- and sticking to them -- you can avoid investing more than you can afford.

Also, make sure the rest of your investment portfolio is strong and well diversified. Your core portfolio should contain at least 10 to 15 different stocks from a variety of industries, or you may choose to invest in index funds or exchange-traded funds (ETFs) for greater diversification. However you choose to invest, make sure your cryptocurrency makes up only a very small portion of your overall portfolio.

Lastly, do your homework when choosing which cryptocurrency to buy. Not all digital currencies are created equal, and some are riskier than others. Rather than buying a particular cryptocurrency simply because it's popular, do research to determine which one is the best fit for you.

Cryptocurrency is a risky investment, and it's not right for everyone. But only you know your unique investing style. If someday you're going to regret not investing, it might be worthwhile to consider buying now. Just be sure you've done your due diligence and are taking this decision seriously. You never know what might happen, and if you're willing to take on the risk, investing a little money in crypto might not be a bad idea.

Its The Best Time to Buy Bitcoin & Other Altcoins Cause if you Buy in This Dip. You Can Get Higher Profit When Market Claims. Don't Sell now. Just Hold It. People are Following Elon Musk Tweet Then Buying & Selling. Remember " Buy When Low Sell When High.''

One Time Watch This Video : Cryptocurrency expert: 'Elon Musk knows 'virtually nothing'

Conclusion

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Will Bitcoin Rise Again After Getting Low as $36,000!!!!

2021-05-20T00:46:00.001-07:00

Cryptocurrency Headline News

- Bitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30% : Bloomberg

- Bitcoin falls further as China cracks down on crypto-currencies : BBC

- $600 billion wiped out! Crypto tumble is becoming very painful : Economics Times

- Massive drop in Bitcoin, Dogecoin, Ethereum and other coin prices. What it means for investors? : Financial Express

- Wells Fargo: US bank set to offer crypto fund to rich clients : BBC

- Explained: Why did the cryptocurrency market crash, and what lies ahead? : The Indian Express

- The most likely reason Dogecoin dropped 40% in 24 hours : Desert News

- Why the Bitcoin and Ethereum selloff is actually good for Coinbase : Yahoo! Finance

- THE 10 MOST VALUABLE CRYPTOCURRENCIES OF 2021 : Analytics Insight

- Bitcoin’s 40% crash ‘does feel like capitulation,’ says crypto specialist, but here’s where the next crucial support level stands : Market Watch

- Squarespace CEO is worth $2.4 billion after web company he built in college debuts on NYSE : CNBC

- Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000 : CNBC

- Crypto bull Mike Novogratz calls bitcoin plunge a ‘liquidati on event,’ feels like capitulation : CNBC

- Big institutional investors are dumping bitcoin and going back into gold, JPMorgan says : CNBC

- Dow Jones Futures: Stock Market Rally Slashes Losses, Bitcoin Keeps Moving Late; Target, Facebook, Google In Buy Zones : Investors

- Free Bitcoin? Lender BlockFi mistakenly sends some users crypto : Aljazeera

- Bitcoin is boring now—which means it’s the perfect time to buy : Fortune

- Opinion: Why bitcoin’s bust and the ‘crypto cult’ threaten all investors : Market Watch

- Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week : Bloomberg

- Bitcoin’s wild price moves stem from its design — you’ll need strong nerves to trade it : CNBC

- Coinbase was down for over an hour amid massive cryptocurrency plunge : The Verge

Conclusion

[These Data are Taken at The Time of This Writing]

~ Bitcoin Price $40,191.90

~ Bitcoin Cash $781.54

~ Ethereum $2,657.90

~ Dogecoin Price $0.35

~ Cardano Price $1.514

~ XRP Price $1.15

~ Uniswap Price $25.63

~ Wrapped Bitcoin Price $39,274.44

Tips & Tricks

"Invest With Calculation''

- Today We Will Talk About Bitcoin & Dogecoin About Their Crash & If They Can Rise

Cryptocurrencies had a massive drop in value on Wednesday, and it might be some time until the values rise again.

Bitcoin, Dogecoin, Ethereum all drop

Multiple cryptocurrencies dropped in vallue Tuesday morning due to recent news about China adding a ban on crypto, according to CNN.

CoinDesk reported that Bitcoin, Ethereum, XRP, Binance Token, Internet Computer Token and many other cryptocurrencies had massive drops.

Even Dogecoin dropped from $0.48 to $0.21 in a 24-hour period, according to CoinDesk.

Will cryptocurrency rise again?

Galaxy Digital CEO and Chairman Mike Novogratz told CNBC’s “Squawk Box” that the price of cryptocurrencies might not rise again for a while.

“You had a confluence of events where you started breaking down the positivity in the price action, and now we’ve got a liquidation event,” Novogratz told CNBC. “It’s not going to bounce right back. It’ll consolidate for a while.”

Novogratz said the fall seems like capitulation, where people are selling off their holdings during a market decline so they don’t lose too much of their gains, CNBC reported.

“Humpty Dumpty never gets put back together in two days when he cracks,” Novogratz told CNBC. It’s going to take a while. The market will consolidate. It will find a bottom somewhere. I’m hoping it’s close to here,” Novogratz said.

Conclusion

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Bitcoin Tumbles To $39K After Tesla Stopped Accepting Bitcoin

2021-05-19T00:52:00.000-07:00

Cryptocurrency Headline News

[You Can Read The Full Article by Clicking The Side of Headline or its Real Site]

- Elon Musk's tweets have once again sent bitcoin on a wild ride : CNN

- DIEM: THE FACEBOOK CRYPTOCURRENCY WILL BE LAUNCHED IN 2021 : Analytics Insight

- As cryptocurrency goes wild, fear grows about who might get hurt : The Washington Post

- Elon Musk clarifies that ‘Tesla has not sold any Bitcoin’: CNBC

- The global crypto community is donating virtual coins to fund India’s fight against Covid-19 : Quartz

- Bitcoin saga : Facebook announces cryptocurrency Diem, Musk distances from 'hustle' : Money Control

- China bans financial, payment institutions from cryptocurrency business : Reuters

- Bitcoin’s Obstacles Mount Amid China Cryptocurrency Warning : Yahoo Finance

- Exclusive: Govt may set up new panel to study crypto regulations : Economics Time

- With bitcoin under pressure again, trader offers one crypto stock to buy and one to sell : CNBC

- The Cybersecurity 202: Cybercriminals scammed a record number of victims with cryptocurrency : The Washington Post

- Hackers behind Colonial Pipeline attack reportedly received $90 million in bitcoin before shutting down : CNBC

- China bans financial firms providing crypto-related services amid recent sell-off : Money Control

- Shiba Inu Cryptocurrency: What Should You Know Before Investing In This Coin? : Good Returns

- Cryptocurrency prices today: Bitcoin tests $40,000, Dogecoin down over 12% : India Today

- $280 billion wiped off crypto market as bitcoin falls below $40,000 for first time in 14 weeks : CNBC

- Nvidia is nerfing new RTX 3080 and 3070 cards for Ethereum cryptocurrency mining : The Verge

- Musk's mining comments 'will be a changing point' for Bitcoin perception : Yahoo Finance

- Asian shares slip, bitcoin tumbles as inflation worries linger : Reuters

- We Need A Ripple Test To Stop The SEC’s Overreach On Cryptocurrency : Forbes

- Cryptocurrencies are close to reaching a big milestone versus gold by one Wall Street firm’s count : CNBC

- HOW HAS COVID-19 CONTRIBUTED TO THE RISE IN BITCOIN’S PRICE? : Bitcoin Magazine

Prices Of Cryptocurrency Coin

~ Bitcoin Price $39,370.10

~ Ether Price $2,916.72

~ Bitcoin Cash $932.93

~ Dogecoin Price $0.49

~ Cardano Price $1.995

~ Ripple Coin $1.589

~ Litecoin Price $260.43

~ Wrapped Bitcoin Price $40,999.37

Conclusion

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90% of Bitcoin Holders Doesn't Know About This Impact on Environment Due To Bitcoin

2021-05-17T01:37:00.003-07:00

Cryptocurrency Headline News

- Bitcoin Falls After Elon Musk Suggests Tesla may Have Dumped Holding of the Cryptocurrency.

- A Cryptocurrency is Skyrocketing in Defiance of Bitcoin, Led Sell, Outperforming Dogecoin, Cardano.

- 'Bitcoin is Melting' Here What a 305 Drop From Highs is the Crypto May say Stock Market Rise Sentiment.

- Musk's Environment Move, Doge Millionaires, Market Bloodbath.

- Bitcoin Price Drops Sharply After Musk Tease Selling.

- Bitcoin Hits Three Month Low as Musk Drives Investors to Exit.

- Bitcoin Slips Below $42K as Correction Depends Institutions Keep Accumulating.

- Musk's Latest Dogecoin Tweet Sparks Fierce CEO Response.

- Asset Manager Express Caution on Cryptocurrency After Price Swings.

- Ethereum Co-Founder Vitalik Buterin Burns 410 Trillion Shiba Inu Tokens.

- Elon Musk Considers Idea of Creating New Crypto, If Dogecoin Can't Scale.

- Bitcoin Pioneer Charlie Shrem Explores Expanding Into Film in a Big Way.

- Bitcoin Nurses Losses as Elon Musk Spots on Twitter.

- Crypto Entrepreneurs says They've Solved Bitcoin Biggest Problem.

[Watch This Article Cause This Can Change The Problem of Bitcoin]

- - Elon Musk May Create His Own Cryptocurrency if Dogecoin is Unable to Do Everything He Wants

Conclusion

[ These Data are Taken at the Time of This Writing]

~ Bitcoin Price $44,162.70

~ Dogecoin Price $0.483

~ Ethereum Price $3,876.73

~ Litecoin Price $282.97

~ Bitcoin Cash Price $1,078.97

~ Shiba Inu Price $$0.00003359

~ 410 Trillion Shiba Inu Tokens Burned by Ethereum Co-Founder.

Note : COINBASE REVEALS DOGECOIN BOMBSHELL AS BITCOIN.

~ Bitcoin got all Time 3 Months Low.

Tips & Tricks

- Today is About Bitcoin & its Impact in Environment What all We Need to Know

- “Tesla has suspended vehicle purchases using Bitcoin” And just like that, crypto currencies saw a massive slide with Bitcoin plunging as much as 17 percent, all with one single tweet. The tweet was so significant because it was seen as a massive U-Turn by Tesla after it had announced a $1.5 billion investment in Bitcoin in February and had made plans to accept the cryptocurrency as a mode of payment.

So, mining digital currency is bad for the environment?

To understand its impact on the environment, we must look at Bitcoin is ‘mined’ in the first place. The process of creating a new coin involves the analysis and computation of complex mathematical equations. These are done on computers. The faster the computer, the faster the rate at which a coin can be mined. The software used to mine these currencies takes about 10 minutes on average to complete a single block.

This obviously takes up electricity and much of the energy consumption being talked about happens during the mining process. As per a recent study, the annual energy consumption of Bitcoin mining in China is expected to hit 296.59 Twh in 2024. Similarly, an estimate by the University of Cambridge says that Bitcoin mining consumes more than 120 Twh per year which means it uses more electricity than some countries like Argentina or Sweden.

While electricity can be generated using cleaner methods like air or water, the fact is most of the electricity we use still comes from fossil fuels. As Bitcoin sees an upswing in popularity, so does the mining that is required to create it. There are several reports that also point to the fact that Bitcoin alone could produce enough carbon dioxide emissions to push global warming above 2 degrees Celsius in less than three decades.

The main problem here is that the public ledger which records, and logs Bitcoins is decentralised. This means it is not controlled by a single authority and uses a network of computers strewn around the globe to operate. These machines are usually purpose-built computers that have been tuned to solve the mathematical equations they are presented with.

On the flip side of the coin, there are memos that have been out by prominent figureheads like Jack Dorsey and Catherine Wood that argue bitcoin will actually drive renewable energy innovations. They argue that Bitcoin miners are unique and completely location agnostic, requiring only an internet connection to start mining. These incentives drive them to seek out cheaper forms of renewable energy to produce the coins as it gets cheaper to acquire. For example – In China, the Sichuan province is known to attract a lot of miners because of the cheap electricity and vast hydropower resources.

The flip side of the coin

There are also some vocal critics that look at Musk’s recent flip-flops on cryptocurrency as a deliberate way to manipulate the market in his favour. Vocal critics like POMP argue that despite Musk’s narrative that “bitcoin is bad for the environment” Tesla has still decided to hold all its Bitcoin and not sell it.

Next, he argues that bitcoin miners are persistent users of power which means they waste extraordinarily little power generated and are a preferred method of monetization for power grids if they have surplus power.

He also argues since China is looked as the major contributor of Bitcoin mining, people assume that most of their power is derived from fossil fuels, which is not true. He says that Xinjiang - which is the last remaining mining-heavy province in China - operates on approximately 40%-50% renewables. Sichuan and Yunnan which account for nearly 50% of the hash rates for Bitcoin are powered by almost 100% hydro-powered miners.

Conclusion

To Learn More about Tips & Tricks of Cryptocurrency You can Take the Classes

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Coinbase Reveals Dogecoin Bombshell as Bitcoin.

2021-05-16T01:59:00.004-07:00

Cryptocurrency Headline News

- Cryptocurrency has Enabled Massive Surge in Ransomware Attacks.

- 'Crypto Twitter' Donates $800000 in Cryptocurrency to Child Who Had Leukemia.

- Cryptocurrency Options Market Makers Influence Bitcoin Price.

- City Of Williston Become First Municipality in The State to Accept Cryptocurrency for Utility Bills.

- Short Sighted Made This Great Week to Buy Bitcoin.

- Cardano & Polygon Sky rocket to New All-Time High as Investors Seek Elon Musk's Net Favorite Crypto.

- Mark Cuban Says, Dogecoin Being Used as Valid Payment Mechanism Could be Reality.

- Coinbase Reveals Dogecoin Bombshell as Bitcoin & Crypto Price Fears Grip The Market.

- Bitcoin, Ether Dive While Some Alternative Cryptocurrencies Hit Record Highs.

- Bitcoin as an Inflation Hedge Challenged by Sell-off After CPI Data.

- Billionaire Bitcoin Dream Shapes is Business Empire in Norway.

- De-Fi Growth Helps Push Crypto's Share of The Global Money Supply Above 2%.

- Dogecoin Co-Creator Says Cryptocurrency Was Created in Two Hours, Environment Impact was not Considerable.

Conclusion

[ These Data are Taken The at Time of This Writing]

- Bitcoin Price $49,015.50

- Ethereum Price $3,845.62

- Dogecoin Price $0.506

- Litecoin Price $313.90

- Cardano Price $2.16

- Wrapped Bitcoin Price $$47,486.57

- City Of Williston Become First Municipality in The State to Accept Cryptocurrency for Utility Bills.

- 'Crypto Twitter' Donates $800000 in Cryptocurrency to Child Who Had Leukemia.

Read This : 90% OF CRYPTO TRADERS DOESN'T KNOW THESE TRADING TIPS AND MISTAKES

Tips & Tricks

- It is the best time to Buy Bitcoin Cause Its Low It and it has already shown its That it is Growing It Was $47K Yesterday now It is $49K It Was Profit For The People Who have Bought it. What Happen If Elon Musk Said he Will Not Accept Bitcoin We Have Other People, People Like Mark Cuban are Still in Bitcoin & They Trust it. Bitcoin is not Like Bitconnect. Even Many Investors Have Shown That it is The Best Time to buy Bitcoin.

- Ethereum is Just Making Craze in The Market it This Coin Should also be in Your Portfolio. It is the coin With Second Largest Cap in Crypto Market.

Note : You Should Have 1/4 part Bitcoin & 1/3 Part Ethereum in Your Wallet & Rest of Other Coins According to Their Market Cap.

Conclusion

To Learn More about Tips & Tricks of Cryptocurrency You can Take the Classes

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90% of Crypto Traders Doesn't Know These Trading Tips and Mistakes

2021-05-14T01:23:00.003-07:00

Cryptocurrency Headline News

- The Creator of Dogecoin on The Cryptocurrency's Appeal 'There's Something Pure about it.'

- World's Largest Crypto Exchange Binance is Reportedly Under Investigation.

- Coinbase CFO on Crypto Investors Dogecoin & Growing Competition.

- Coinbase Revenue Tripled in Q1, Plans to add Bank Like Services & to List Doge.

- Binance Faces Probe by U.S Money Laundering & Tax Slauths.

- Coinbase Revenue Tripled From Last Quarter as Crypto Prices Sky Rocketed.

- Sotheby's Accepts Cryptocurrency as Banksy art Sell for $12.9 Million.

- Colonial Pipeline Paid Roughly $5 Million in Bitcoin to Hackers.

- Bitcoin Cryptocurrency to be Held at Cowen for Hedge Funds Firms.

- Cardano Surges Poring $300 Billion Crypto Crash as Musk Eyes Sustainable Bitcoin Alternative.

- Money Gram to Let Cryptocurrency Holders Cash in Their Investment.

- Australian man Craig Wright Who says he Created Bitcoin Takes 4 Billion Pound lain to London.

- The Hashtag #Don't Buy Tesla is Trending on Twitter Now & Then Reason isn't About Cars.

- Dow Jones Surges 500 Points as Bitcoin Plunges on Elon Musk Tweet : Tesla Skids After Reversing Lower.

- This 'Dogecoin Millionaire' Refuses to sell & Bought During the Dip now his Stash is Worth $2 Million.

- Renaissance Technologies Amassed $140M Position in Mining Stocks In Q1.

- A joke cryptocurrency has risen more than 26,000% in the last six months, outpacing nearly every other investment.

- Cryptocurrency Crime Declines But ‘DeFi’ Fraud Soars: Cipher Trace.

- City of Williston now accepting cryptocurrency to pay utility bills.

Note : Click Here to See The Post Where you Can See Elon Musk Tweet About Bitcoin.

Conclusion

~ Bitcoin Price $49,513

~ Ethereum Price $0.49

~ Dogecoin Price $3,733

~ Litecoin Price $320.91

~ Cardano Price $1.941

Tips & Tricks

Crypto Trading Tips

- Invest before you know the risk

- Put your investment in different coins

- Every trade cannot guarantee a profit

- Avoid fear and greed factors

- Trade with a plan only

- Use the risk mitigation tools TP/SL

- Follow the proven strategies

- Gather related information

- Judge your investment with Bitcoin

- Choose a reliable cryptocurrency trading platform

- Analyze security measures

- Get all fees details

- Learn analysis for entry and exit

Common Mistakes to Avoid

- Unrealistic profit expectation

- Misinterpreting risk

- Untested trading plan

- Believing rumors

Conclusion

To Learn More about Tips & Tricks of Cryptocurrency You can Take the Classes

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Elon Musk Tweet That Changed The Face of Cryptocurrency Coin Bitcoin

2021-05-13T00:47:00.004-07:00

Cryptocurrency Headline News

~ Bitcoin Plunges 17% after Elon Musk Tweets on Tesla not Accepting Cryptocurrency.

~ Indians Over 45 are Exploring the Wild West of Cryptocurrency.

~ The New Cryptocurrency has People Buzzing its Market Value is at $35 Billion in Just 3 days.

~ Cryptocurrency Ethereum Hits New Record High Again Dogecoin Slumps.

Photo From : Pixels

~ Chia also Known as Green Cryptocurrency is Taken as Eco-Friendly Coin.

~ Musk's SpaceX To Launch Dogecoin Moon Mission.

~ Dogecoin Reclaims Spot as Fourth Most Valuable Cryptocurrency After Elon Musk Fuels.

~ Thiel Backed Block one Injects Billions Into Cryptocurrency.

~ Money Gram to let Cryptocurrency Holders Cash in Their Investment.

~ Brex Credit Cards after Cryptocurrency Rewards for Business Owners.

~ Shiba lnu Coin : How Cryptocurrency Investors can Win $50,000 of The Doge Killer.

~ As Much as $365 Billion Wiped off Cryptocurrency Market after Tesla Stops Car Purchase With Bitcoin.

~ Facebook Backed Digital Currency is Being Revamped to dress Government Concerns.

~ Ethereum Founder Vitalik Buterin Donated $1 Billion Worth of Shiba lnu Coin to India.

~ Dogecoin is a 'Dangerous Joke' Says Bitwise CIO.

~ De-Fi Tokens Aave & Uniswap Climb While Ethereum & Bitcoin Dump.

~ Internet Computer is already one of the Top 10 Cryptocurrencies With a Market Cap of $45 Billion Just Two Days After Launching.

~ Dogecoin : Is SHID Coin a 'Dogecoin Killer' Cryptocurrency.

Conclusion

[ This Data is Taken at the Time of This Writing]

- Bitcoin Cash Price $1,323.90

- Bitcoin Price $51,207.60

- Ethereum Price $4,012

- Dogecoin Price $0.45

- Litecoin Price $331.22

- Tesla Stopped Car Purchase With Bitcoin.

- Bitcoin Falls Down as Tesla Stopped Purchase of Car With Bitcoin.

- Ethereum Founder Donated $1 Billion Worth of Shiba Lnu Coin.

- $365 Billion Wiped off Cryptocurrency Market after Elon Musk Choose Dogecoin Over Bitcoin.

Tips & Tricks

~ I Think Elon Musk is in Bear Gang he Bought it in Low Then sell at High Then Gain Profit Then Stop The Car Purchase with Bitcoin. But in The Tweet he Said Bitcoin is Consuming a Lot of Energy Which is Destroying The Nature. As Bitcoin is Mine With High Electricity & Miners get High Profit if They Mine With Less Electricity. So, People are Using Renewable Energy Such as Wind Energy, Solar Energy. But Still Elon Musk Stop Bitcoin Saying it Consumes More Energy.

Some People are Saying That Elon's ID is Hacked & he Have Not Written but he Have Posted a Photo Saying it You Can See Below :

- What do you Think is it a Scam or a Real Thing Comment Down.

- Don't Buy in This Dip We Don't Know is it Fake or Real Wait Until Some Real News Arrives. According to my Research & People Many Think its Fake Cause He Have Posted a Pic Not Written Anything.

- Moreover The Total Cost of Mining The Bitcoin is Less Then Mining Real Gold, Printing Paper Currency.

- Don't Sell Until The News Arrived it May be Fake also & Real also. Just Keep Calm.

- But Ethereum is Getting High as He Can & This is The Best Time to Buy Ethereum Cause Every One Focusing on Bitcoin. But Wait Until it Gets Low Then Buy it. This All With a Simple Formula Demand & Supply. The Prices of These Coin Change due to Demand & Supply.

If You Want to Understand Deeply Then Watch This Video :

Conclusion

Hopefully, you’ve enjoyed discovering all of these News about Cryptocurrency & Bitcoin! If you’re interested in learning more about Cryptocurrency Investment, sign up for Intelligent Cryptocurrency Investing & Trading course. Want to really take your career to the next level? Consider becoming expert Crypto Investor with Intelligent Cryptocurrency.

To Learn More about Tips & Tricks of Cryptocurrency You can Take the Classes

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Top Things To Remember Before Entering The Crypto Market & Investing in Bitcoin.

2021-05-11T00:53:00.001-07:00

Cryptocurrency Headline News

~ Cryptocurrency Ethereum is Flourishing but Risks Linger.

~ "Education isn't Necessary"; Babel Finance on Crypto Going Mainstream.

~ U.S Tax Payers Should be Ready for The Tax Day Approach.

~ Central Bank Understand Cryptocurrency & They Want it.

~ Julie Hyman, Brian Sozzi & Myles Udland Discuss The Flow of Cryptocurrency as Dogecoin Slows & Ethereum Rises.

~ Switzerland's Largest Bank UBS Mull Over Cryptocurrency.

~ Richard Branson Uses as Bait For Cryptocurrency Scams.

~ Binance Suspends Resumes didn't With Draw as Crypto Markets Sour.

~ Craig Wright's Multi-Billion Dollar Bitcoin Trial Moves to Years End.

~ Bitcoin Stalls at Resistance, Could Face Lower Support at $56K.

~ Ethereum, Dogecoin & These Other Surging Cryptocurrencies are Propelling The Market to $2.5 Trillion.

~ Binance Halted With Drawls of Bitcoin, Ethereum.

~ Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time.

~ India not Banning Cryptocurrency.

Conclusion

- Bitcoin Price $55,255.40

- Ethereum Price $4,202.68

- Dogecoin Price $0.447

- Bitcoin Cash Price $1,344.63

- Safemoon Price $0.000009

- India not Banning Cryptocurrency.

- Cryptocurrency Valuation Reaching to $2.5 Trillion.

- Dogecoin Tumbles After Elon Musk Says it is 'Hustle.'

Note : To Know Tips & Tricks About Ethereum You Can Read This Article.

Tips & Tricks

- Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

Bitcoin is the First Cryptocurrency in The World it is also Known as King of Cryptocurrency, it Now Price is $55,255.40 it has The Highest Price Then other Cryptocurrencies. It is a Little Slower Then Ethereum Cause it Perform Less Block in One Min. It is The Most Trusted Cryptocurrency in The World. It has Made Many People Rich. It is The National Currency of Liberland. Did You Know in Bitcoin This 'b' & This 'B' is Different, The latter (bitcoin) refers to the cryptocurrency that is used to perform the transactions. The former (Bitcoin) refers to the ledger that stores information regarding these transactions.

Note : To Know Amazing Facts About Bitcoin You Can Read This Article

- Now Lets Head Toward Some Points While Investing In Bitcoin

Use Exchange, Not Broker
When You Buy Sell Bitcoin Via an Exchange Try to Use Limit Order (Don't Use Market Order.)
Learn how to properly store your Bitcoin first
Keep your eyes peeled on the market cap
Consider diversifying your crypto investments
Set a clear profit target when opening a trade
Be prepared to handle FOMO
Accept that Bitcoin is a volatile, high-risk opportunity
Be Prepared for Loss
Know Why You are Interested in First Place
Keep Crypto in Its Place
Steer Clear if You're Risk Adverse
Don't Forget Your Wallet password.
Never Share Your Password
Be Aware of Scammers

Note : Read This Article On How To Be Aware of Crypto Scammers

Be Happy
First Learn Then Use
Be Patience

Know The Bulls &b Bear of Market
Keep Grinding
Take Risk

At Last Always Believe in Yourself

Conclusion

Hopefully, you’ve enjoyed discovering all of these Tips & Tricks about Cryptocurrency & Bitcoin! If you’re interested in learning more about Cryptocurrency Investment, sign up for Intelligent Cryptocurrency Investing & Trading course. Want to really take your career to the next level? Consider becoming expert Crypto Investor with Intelligent Cryptocurrency.

To Learn More about Tips & Tricks of Cryptocurrency You can Take the Classes

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