Crypto Currency

Will Quantum Computing Break Bitcoin & Crypto? : A close in-depth look at the effects of quantum computing on cryptography, blockchains, and cryptocurrencies. Over the past few years, top computing companies including Google and IBM have been working on quantum computers – the most advanced and most powerful computers. These computers are built using the science of quantum physics allowing them to solve complex mathematical equations faster than normal computers and even the best of supercomputers today. The advancement of quantum computers makes all encrypted data vulnerable to hacking and theft. In this article, we discuss the development of quantum computers and why “quantum supremacy” might be the end of cryptography, blockchain technology, and cryptocurrencies as we know them. Hint: It has to do with security. So, what is quantum computing and how do supercomputers work? What does crypto have to do with them? Continue reading in the  NOWPayments blog.

  BITCOIN Fights Back: Is This The Start Of Something Great? : BTC Fights Back: Is This The Start Of Something Great? Back in August,  Forbes reported  that George Ball, a big name in the investment world, put forward an interesting prediction. George Ball, CEO of the billion dollar financial services firm Sanders Morris Harris, advocated that a potential turning point for Bitcoin would begin on Labor Day, September 7th. The prediction came in an interview with Reuters you can watch  here . George Ball made the comments in the context of investors dealing with a summer dull and the effects of COVID. In a context of a stock market heavily inflated and held up solely by the BRRR money printer of fiat and stock buy-backs, the danger of a turning point becomes greater and greater. A looming threat hangs over the market when that market is held up by liquidity and only liquidity. As investors and traders await a new spark, which may never come, they begin to get more and more shaky and unce

Taking Profits: Why, When and How : The world of cryptocurrency is a very volatile one, just over this week major cryptocurrencies like bitcoin and Ethereum have went up 10-30% and proceeded to dump up to 50% then go back up over the past day. Clearly this is not a market for the faint of heart. But how do you actually succeed in it? Sure, you can try timing the dips and pumps but that might be difficult or unpredictable at times. Instead you should aim to take profits on a pump so that whatever happens afterwards you aren’t as affected.   The principle of taking profits Say you bought 5 Ethereum at $300 each, and over the next week it goes up to $450. If you held all your coins you would be at a 50% profit, but this is risky as you don’t know if it will soon after crash down so you lose your profits or even worse go under $300 so you lose money. This is why you should focus on taking profits on the way up. In this example you could sell 1 ETH at $350, then 1 at $400 and 1 at $450. Thi

  A bulletproof crypto-investment strategy :(To be more profitable) This is quite an old market investment strategy, that is known for years. It only needed to adapt for the crypto markets, to make it more relative to blog readers. Although, as any investment strategy, does not guarantee positive returns - at least not in the short term - it offers manageable losses. The strategy pre-supposes that the market will be bullish in the long term - so it should be used for porfolios you will be keeping for at least 5 years. Bear in mind If you are considerate about security of your investment wallet(s) held with exchanges, this strategy is not for you. While you won't be making transactions frequently, you will need to be making some from time to time, and you don't want transaction fees adding up to your costs. First things first: cash or stablecoins You should hold at least 20% of your portfolio in cash or stablecoins, on set up. This will allow you to be making adjustments to your

  Transaction Fees on the Network Are Blowing : Frightening Development In Ethereum Network: Criminal Detected Trading on the Ethereum network has never been this expensive. According to data transferred by blockchain analytics firm Glassnode, transaction fees on the ETH network broke a record, and a  $ 7 million transaction fee was paid within 24 hours on Thursday.  Of course, all of this goes to miners, and miners' income is constantly increasing. So what is the danger of this situation? Transaction Fees on the Network Are Blowing ​It is thought that one of the main reasons for the increase in transaction fees in the Ethereum network, especially since 2020, is decentralized finance (DeFi) applications. Thousands and even millions of people using DeFi applications are clogging the network by making continuous transactions. This situation puts more strain on Ethereum, which is already suffering from scalability problems. In addition to decentralized cryptocurrency exchanges such as

 Crypto Investors Own Percent of NY Bank Deposits : Photo by  Quintin Gellar  from  Pexels While most banks are still steering clear of   Bitcoin , Metropolitan Commercial Bank seems to have embarked on the road less traveled. A commercial bank based in New York, Metropolitan recently shared the fact that cryptocurrency investors and clients make more than 15 percent of their deposit transactions. Metropolitan plans to keep moving in this direction by continuing its support for digital asset traders. According to Metropolitan bank’s CTO,   Nick Rosenberg , the bank has come to understand that cryptocurrency is a “serious industry” with “very interesting ideas coming out that could really change the way people do business.” Moreover, the Director of New Products Kyle Hingher has stated that Metropolitan envisions its future as being one of the prominent banks in the cryptocurrency industry. Could this be the beginning of a   rapidly evolving trend   among banks? Embracing the cryptocurr

Ethereum Is A Dark Forest? The Bots And The Fees : Image by  Tumisu  from  Pixabay   According to  Dan Robison , " Ethereum Is A Dark Forest ", infact there are bots waiting to take your funds locked in DeFi. In the Ethereum network there are bots specialized in anticipating and copying pending transactions. These robots are a legacy of automated trading. This space is known as a mempool and hosts thousands of vulnerable smart contracts and transactions. Most of us don't know what they are, but DeFi programmers are able to detect them and take advantage of them thanks to automated bots. These (arbitrage) bots monitor smart contracts found on the Ethereum network to locate pending transactions, with the ultimate goal of stealing money locked in transactions. It appears Dan Robinson was browsing a Uniswap Discord channel when he found a message that caught his eye: it was a person who needed to retrieve Uniswap tokens worth around $ 12,000. These tokens were accidentally bl

  Why is it worth investing in crypto? Cryptocurrency is the answer to the global demand to move to a cashless society in the future. It has changed the world in terms of how people work, transact online, and pay for their goods and products. Photo by  Worldspectrum  from  Pexels Crypto Investment, Cryptocurrency, Cryptography, Crypto news, Crypto Assets, Become Crypto Billionare, Crypto coin, Cryptocurrency news this blog covers al such type of posts. Now straight to the point : When this new world was born, many people were convinced to invest in it due to its enormous potential. But, what's it about? Crypto is practically "just born" Cryptocurrencies are still in their infancy having only been "launched" in 2008. This means that it is still a fairly new market and way of investing. Getting closer and learning now to invest in cryptocurrency could mean being on top when it reaches its boom phase. Promising opportunities The cryptocurrency market is volatile, a

  Crypto News Daily, August, 14th🗞 Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi; Ethereum Hits 2-Year High, ETH Fees at All-Time High, Bitcoin Dominance Slips; Is Chainlink Poised for a Sell Off After Reaching New ATH? ; How DeFi ‘Degens’ Are Gaming Ethereum’s Money Legos; Four of the Top Five South Korean Banks to Offer Crypto Services ; 🗞 Daily Crypto Calendar, August, 14th 💰 Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy! 🗞 Stuck at $11.5K, Bitcoin Surpasses 25K Locked in DeFi The spot bitcoin market was fairly dull Thursday. That doesn’t mean it’s not moving: Holders of the cryptocurrency are increasingly plowing it into decentralized finance. Bitcoin (BTC) trading around $11,543 as of 20:00 UTC (4 p.m. ET). Slipping 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $11,274-$11,661 BTC slightly above its 10-day and 50-day moving averages, a bullish to sideways signal for market technicians. However, the sta