Crypto Currency

  Why Are People Afraid of Cryptocurrency : There are multiple reasons people get scared away from investing in Bitcoin and other cryptocurrencies. Everyone is different and fearful for different reasons but the reasons are all pretty common. Ignorance. Many people are ignorant about cryptocurrency and thus are scared to invest in it. Many people can’t even answer basic questions about cryptocurrency like “What is Bitcoin?” If you are ignorant about cryptocurrency you are wise NOT to invest. Always stay in your circle of competence when investing. However, that does not mean you shouldn’t make your circle of competence larger; you should check out  OKEx to learn  more about Bitcoin.  Okex  refferal link from where you can get free Bitcoin. Negative Press. Famous investors like Warren Buffet and large banks like JP Morgan have famously said negative things about cryptocurrencies like Bitcoin. When a renowned investor like Warren Buffet says negative things about an investment it means i

93% Yield Farmers Claim to Have More Than 500% ROI, Survey Says : | Cryptocurrency | Returns | Profits | Yielding | CoinGecko published a new  survey  on Yield Farming on September 21 gives some key insights into the state of the service and its popularity with traders. CoinGecko conducted the survey to learn about the sustainability of yield farming, trader understanding of the features and industry pain points The data platform surveyed nearly 1,350 investors in August 2020, discovering several key findings 93% of farmers received a 500+% return on their investments, with CoinGecko suggesting the majority of these traders were investors who used over $1000 in capital Only 23% of participants carried out yield farming in the last 2 months, with each token making up for less than 10% of an individual’s holdings 52% of investors used less than $1,000 in capital, and high gas fees was cited as the major concern Perhaps most significantly, 40% of investors do not understand how the relate

  What is the most used digital payment method? (Spoiler: Neither BTC nor PayPal) : Digital Payments | BitCoin | PayPal | Cryptocurrency | Tether If you are passionate about cryptocurrencies, you have surely heard the name Tether by now. A few days ago the daily value of the exchanges of this cryptocurrency born in 2014, from the intuition of the Italian Giancarlo Devasini, would have overtaken Bitcoin and PayPal, thus becoming the most used digital payment system in the world. The record is confirmed by a report by the company Coinmetrics, according to which on 20 August the weighted average 7-day trading on Tether would have reached 3.55 billion dollars, about 20% more than Bitcoin (which is around 2.94 billion). On the same day on Twitter, economist John Paul Koning pointed out that PayPal, in its report for the second quarter of 2020, had declared an average value of daily transfers of 2.94 billion, also therefore lower than the value of Tether exchanges. In a tweet, the company be

This Is Why TRX Will Be A Dominating Force This Super Cycle : Tron | TRX | Prediction | Cryptocuurency | Blockchain | Dapps The 2017 Darling If you were in the Crypto space during the last bull run you will remember how Tron basically rose to fame in a matter of weeks. I picked up my first TRX at a fraction of a cent. Tron went on to become one of the best performing alts of the season, reaching an all time high of approximately $0.30! Funnily enough, the recent dynamics and development of the TRX network could not have come at a better time for Tron. By design or merely by coincidence, TRX is once again well positioned to dominate the altcoin market. While many lost hope and sold off their positions in TRX months and even years ago, others cashed in on the recent surge that the incorporation of DeFi brought to the TRX price. It seems that things are finally lining up for Tron, after a very long, boring and quiet season. The Dynamics Currently Propelling Tron Into The Future We have al

How to cash in on the Defi gold rush : DeFi | Ethereum | Cash | Blockchain | Cryptocurrency There has been a lot of talk lately about new Defi protocols coming up. A lot of capital has rushed to Defi-backed tokens helping many people make a lot of money in the process. The catch is that investing in many of these projects is risky. Many of them are still in beta phase, or the developers and management teams behind them are not so well known. Let the recent launch of Sushiswap serve as an example. Just a few days before the protocol’s big migration the main developer cashed out of the project, sending everyone involved into a frenzy. Tempers flared, nerves were wrecked, and for a moment it seemed like the project would just go belly up. So now, just as in 1849 when gold was discovered on the banks of the American River in­­ California, the surest way to riches may not be prospecting for gold. Levy Strauss, Phillip Armour, John Studebaker, Henry Wells and William Fargo all found out that

Sent a transaction with memo error ? Or mistaken send errors? : Transaction E rrors | M emo E rror | Cryptocurrency The irreversible nature of blockchain transactions and cryptocurrency are certainly its greatest strength but somehow in the worst time when errors arise crypto’s greatest weakness. Personally I’m a veteran with sending and receiving cryptocurrency, I’ve sent and received thousands of transactions. However as seasoned and educated as anyone could be I’ve had the misfortune twice in the past three months. Recovery efforts seemingly are like escaping the gravitational forces of a black hole 🕳 my biggest crypto mistake was a defi send accident of nearly 14 ETH. https://etherscan.io/token/0x3a3A65aAb0dd2A17E3F1947bA16138cd37d08c04?a=0x0449a76c81c28ea0602ae944481f927e2cdc6da0 Currently fingers crossed 🤞 on this one enduring the 15 business day resolution only for coinbase to request an additional 20 business days. Then arbitration on the grounds of no longer desiring them to

Bitcoin or shitcoins? What to buy? : | Bitcoins | Other Crypto Coins |   BTC | Heading to the market? My bad, that’s like a daily routine. Putting it right; what are you looking to buy today? Bitcoin or shitcoin?... sorry, altcoins. Well, whichever way you put it, you’ll still get to see a point. For someone delving into the crypto space, the popular disparity between bitcoin and altcoins could create a dilemma. Stick to the most popular cryptocurrency? Or surf the market for an alternative? If you’re a pro in the crypto space, then you will surely have lesser troubles answering this, well, if you’re a pro, you are probably not reading this right now. Bitcoin maximalist describes bitcoin as ‘the safe word’ and occasionally go a mile further to talk down on other crypto assets. ‘Shitcoins’! Well, there is a reason for this and many times, they are right. Certain toxic behaviors exhibited by altcoin projects have won them the popular name, but despite some altcoin projects displaying con

Ethereum Could Overtake Bitcoin Through DeFi, Lower GAS Prices: Bitcoin's Countermoves : | Defi | Ethereum 2.0 | Lowering Gas Fees | Bitcoin | Ethereum has always been the silver medal to Bitcoin's gold standard in the cryptocurrency space/industry. However, ETH could soon pull even with Bitcoin in the race to long term dominance. ERC-20 Tokens being used for gaming purposes and DeFi projects are boosting the practical use value of Ethereum. Ethereum is up 105% on the US Dollar from where it was 365 days ago, according to Coinbase pricing.  However, the mere price to buy a token/coin is not everything. Bitcoin is above $10,000 and Ethereum is only $370 but ETH has more use cases coming in the short term, and more projects working towards long term sustainability. Also, the number of bitcoin tokens "wrapped" into Ethereum has more than doubled since July. Bitcoin is 'wrapped' into Ethereum blockchain projects using a number of Ethereum-based tokens. Wrapping bi

  Almost 1 Million Bitcoin Is Held by Darknet Markets, Crypto Scammers and Hackers : | Hacking | Cryptocurrency |   Scammers | Darknet | Bitcoin | The latest analyses conducted by notable blockchain intelligence firms have intimated the status of Bitcoin holdings within the darknet and cybercriminal circles. The findings, as interesting as they were, showed that almost 1 million Bitcoin was being held by bad actors. It also turned out that crypto exchanges serve the majority of darknet users by helping them conduct bitcoin-to-fiat conversions. In addition, experts discovered that a host of bad actors depend on crypto mixing services to obscure the origins of their bitcoins. According to data collected by blockchain analytics firm Chainalysis about 4.81 percent of the global Bitcoin supply is in the hands of bad actors - its  new Market Intel Report  places the figure at 891,781 BTC. The above figure represents $9.7 billion worth of funds that reportedly accounts for the amount of crypt

  The Road to Ethereum 2.0 Crypto : | Ethereum 2.0 | ETH 2.0 | Cryptocurrency | Roadmap | Over the past multiple years perhaps the biggest thing everyone in the Ethereum community (and even the wider crypto community) has been looking forward to is Ethereum 2.0. The long-awaited upgrade to the Ethereum chain brings along many much-needed improvements as well as some controversial changes. But why has it taken this long and when will it be released? Is it worth the wait or is Ethereum already too late?   Understanding the idea behind Eth 2.0 Ethereum 2.0 has a few major changes that make it clearly different than Eth 1.x. It moves to a new POS consensus mechanism vs the current POW consensus, there are many reasons for this, from wishing to reduce power usage as staking nodes use much less energy than mining, to the increased efficiency of POS compared to POW and possibly even just to give additional utility to Ether. Another major change is the introduction of sidechains, essentially a

  DeFi Tokens Are on the Rise. Should You Jump on Board? : The introduction of ethereum into the world of cryptocurrencies opened up several avenues for global developers. Unlike bitcoin, the king coin, ethereum provided a platform that developers could use to come up with different decentralized applications. One such area is decentralized finance that is providing financial services through smart contracts.  Since the inception of DeFi, the sector has continued snowballing. This year, in particular, has seen the DeFi sector record unstoppable growth. The industry achieved a significant milestone in February by surpassing the  $1 billion mark  in value. Now, the value of crypto DeFi markets is estimated at $4 billion, seeing as the industry has significantly benefited from the recent and ongoing bitcoin and ethereum bull runs.  As more crypto enthusiasts jump on board, many are looking into the DeFi space. DeFi tokens have not been left behind as individual and institutional investors