Category Archives: Cryptocurrency

The cryptocurrency sector is expanding, and knowledge of its benefits has begun to draw an audience as more individuals acquire an interest. As an innovation, one of the essential components in becoming involved is credible information, which may be obtained from thought leaders and influential individuals in the space. Knowing and following an individual will give you access to trustworthy information, current knowledge, and trends. One of the benefits of getting involved in the crypto space is registering for the Ownrwallet affiliate program. OWNR Wallet is a rapidly expanding international FinTech company developing a crypto ecosystem that will allow consumers to accomplish everything with cryptocurrency in one place.

The influential people in the cryptocurrency space are researchers, developers, investors, and believers in what this innovation has to offer. The list below describes the five most influential individuals in the cryptocurrency world.

Image Source: CNBC

In the cryptocurrency industry, Vitalik Buterin is a well-known name. He co-founded Ethereum, one of the worlds largest cryptocurrency ecosystems. Vitalik Buterin is a developer and researcher. Buterin is best known for his work with Ethereum, but he has also been active in the Bitcoin community as a writer, co-founding Bitcoin Magazine. As one of the worlds youngest crypto billionaires, he created the Ethereum network, which has grown to become the most extensive and secure framework for building decentralized applications in the cryptocurrency industry.

In a world where blockchains and cryptocurrencies appear ready to disrupt a variety of industries, including healthcare, financial services, and supply chain management, Vitalik Buterin, one of the most passionate supporters of cryptocurrencies, thinks that Ethereum will play a significant part in the unfolding digital revolution known as Web 3.0.

Image Source: TechCrunch

Changpeng Zhao, popularly known as CZ, is the CEO of Binance. Binance is the worlds largest cryptocurrency exchange by volume. He has played an essential role in many sectors of the cryptocurrency industry, from investing in emerging projects to providing consumers with a dependable platform for trading over 700 crypto pairings. CZ has specialized in trading since the beginning of his career, initially working within the IT department of the New York Stock Exchange and then moving on to Bloomberg to establish a service for traders.

CZ then went on to found Binance and has served as the companys spokesperson since then. After Binance started operations and gained popularity, CZ made his first billion dollars in less than six months and now ranks among the wealthiest figures in the cryptocurrency industry, with an estimated net worth of $1.2 billion.

Image source: BusinessInsider

Sam Bankman-Fried is the founder of the FTX cryptocurrency exchange and the Alameda Research trading firm. After graduating from MIT and working as a trader at Jane Street Capital, he founded Alameda Research, a venture capital and liquidity provider. Sam Bankman-Fried is the worlds richest 29-year-old, according to Forbes, with a net worth of $22.5 billion, and is also an entrepreneur and investor. Sam Bankman-Fried has made significant contributions to the crypto-verse and is a leading figure promoting crypto adoption in the sports sector of the United States.

He founded the FTX cryptocurrency and derivatives exchange, which has swiftly developed to become the sixth-largest trading platform by volume. FTX signed a long-term relationship with Miami Heat. This partnership with the American professional basketball team resulted in the club renaming its stadium to FTX Arena and exhibiting various cryptocurrency-related advertising on the pitch screens at the same time games were being played. He has also made other sports-related investments.

Image source: The Pavlovic Today

Anatoly Yakovenko is the Solana networks co-founder, the second largest blockchain network in terms of the financial market valuation after Ethereum. He is also the author of the Solana white paper and a Russian computer engineer. Anatoly created the Solana blockchain network as a framework for developing decentralized applications comparable to regular apps like Twitter and others that operate without intermediaries. Solanas widespread popularity has resulted in a growth in its native token SOL, and the total value locked (TVL) on Solana is now $11.41 billion. In addition to holding two patents for high-speed operating system protocols, Anatoly Yakovenko oversaw the development of operating systems at Qualcomm, distributed systems at Mesosphere, and compression at Dropbox. He is a cryptocurrency pioneer who believes that decentralization is the key to the success of all projects on the Solana network.

Image source: Bloomberg

Michael Saylor is the founder and CEO of the worlds largest publicly listed business intelligence company, MicroStrategy. The firm has invested $425 million in Bitcoin as a less risky investment option than gold and bonds. Since the company began buying Bitcoin in August 2020, it has had tremendous success. Michael Saylor is a significant figure in the crypto ecosystem. He is a passionate supporter of Bitcoin technology, appearing on media apps and at cryptocurrency conferences to promote its merits and use cases. In addition to being active on Twitter, Michael also publicly discloses the number of Bitcoins he is worth and that his firm holds.

Knowing influential figures in the crypto space is essential, and they are a tremendous source of knowledge. You can keep up with what is happening in the cryptocurrency market by following them, which will help you make better decisions. As the crypto industry provides many advantages and opportunities for early birds, getting engaged now will give you a competitive edge.

CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio.Contact us if you have any questions: [emailprotected] None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. No reviews should be taken at face value, always conduct your research before making financial commitments.

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Five Most Influential People in the Cryptocurrency World - Crypto Mode

Russias cryptocurrency adoption has not beein going at a fast pace due to maximum amount of Russians never buying cryptocurrency, on the basis of a survey, according to Cointelegraph. Switzerland-based cryptocurrency wallet provider Tangem conducted a survey to make analysis on Russian cryptocurrency investors, as said by local news agency Kommersant.

As stated by Cointelegraph, around 72% of 2,100 respondents, based on the survey, claimed about never buying cryptocurrencies such as Bitcoin (BTC), which has left Russian cryptocurrency miners in a minority. Around nine percent of survey participants denoted that they carried a negative outlook towards cryptocurrencies, 45% of the respondents said about carrying a positive outlook towards digital currencies and 46% remained neutral. The survey stated that 44% of respondents choose to invest in cryptocurrencies because of its ability to make earnings. On the other hand, 68% of respondents gave the reason for not investing in cryptocurrencies due to its absence of physical backing.

On the basis of information by Cointelegraph, despite maximum amount of Russians being introduced to cryptocurrency investments, many are considering it as a potential investment. While 31% of respondents indicated about buying cryptocurrency in the upcoming six months, 40% claimed about remaining uncertain regarding the investment scenario. Around 30% of respondents didnt give any indication about buying cryptocurrencies. Tangems data mentioned that close to six percent of respondents were found to have good knowledge about cryptocurrencies, and 80% were only familiar with the term.

Moreover, Cointelegraph noted that estimations by Sergey Mendeleev, CEO, InDeFi stated that number of active and passive cryptocurrency Russian users currently stand at less than one precent out of the total 144.4 million population. Certain experts believe that Russians have been switching to cryptocurrency due to foreign currency restrictions by Bank of Russia. Earlier this year, Kremlin reported that Russians owned close to $200 billion worth of cryptocurrency by late 2021.

(With insights from Cointelegraph)

Also Read: Google grows the ambit of Internet security; includes everyone from children to the LGBTQIA+ community

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31 percent of Russians are expected to make cryptocurrency purchase in the next six months: Survey - The Financial Express

The Indian governments long-standing fight against cryptocurrencies has shown that the government is not ready to face the idea of banning the use of cryptocurrencies as it was announced in 2019.

A large number of users of cryptocurrencies as well as their activity in the market means that India is one of the leading countries in the world where cryptocurrencies are used in the market, which influenced the change of opinion of the authorities regarding the ban on cryptocurrencies.

Indias lower house of parliament has announced earlier, plans for a bill that will ban all private cryptocurrencies from operating in the country. This would also be applied upon the popular cryptocurrencies, such as Bitcoin, Ethereum, Tether,USD coin

Instead, the parliament now wants to propose the preparation of a framework that will enable the creation of official digital money, under the auspices of the Bank of India. As some reports say Indias Central Bank will introduce a digital rupee based on blockchain technology by the end of March 2023. In India, only the Reserve Banks Digital Rupee would be considered legal money.How customer interest changed policy?

The digital rupee will be the digital version of physical cash issued by the RBI and will, therefore, be sovereign backed. On the other hand, cryptocurrencies are not backed by a government / central bank and can be an asset class or a payment mechanism.

India rejected cryptocurrencies as legal tender back in 2018 and recommended a ban on existing digital money with prison sentences of up to 10 years for violators. The central bank then claimed that the currency was not real. The Supreme Court reversed that decision in 2020 and allowed cryptocurrency trading.

Cryptocurrency emerged in India for the first time around 2009 in the form of Bitcoin. The first commercial transaction occurred in 2010, followed by the first cryptocurrency exchange in 2013. It has garnered a significant following and interest in India over the past few years.

Losses and unclear policies prompted crypto exchange founders to leave India. Currently, the largest cryptocurrency exchange is WazirX, reports say that co-founders of WazirX have moved to Dubai with their families, unofficially, due to the unclear policy of cryptocurrencies.

Now, approximately 1520 million investors are holding more than $5.3 billion in crypto in India, according to a Reuters report, citing industry estimates, representing the second-largest number of crypto traders worldwide.

The Reserve Bank of India, which has expressed serious concerns about private cryptocurrencies, was supposed to launch its CBDC by December 2021.

Official figures are not available, but industry estimates indicate that there are 15-20 million crypto investors in India, with total crypto investors of around 4.77 billion.

Advantages of Digital Rupee in India:

Disadvantages of Digital Rupee:

During the session of the Indian Parliament in 2021 Rajya Sabha, Finance Minister Nirmala Sitharaman stated that the government has not taken any concrete step to ban the use of cryptocurrencies in India, but will spread awareness about cryptocurrencies through the RBI and Sebi (Securities Board of India ).

In the Union Budget 2022-23, the government has categorically mentioned that the transfer of any virtual currency/cryptocurrency will be subject to a 30 per cent tax. Many investors welcomed this announcement because, according to them, the declaration itself was the first step in recognizing cryptocurrencies as legitimate assets.

This is after Supreme Court removed the ban on cryptocurrencies that was introduced in 2019.

Blockchain is full of potential not only in the field of payments but also in many other areas. Our intention is not in any way to harm the ecosystem or even say that we dont need it, said Sitharaman.

Sitharaman expressed concern that cryptocurrencies can be used for negative purposes and that terrorism can be funded through them.

She noted that, despite their potential to contribute positively to the economy, cryptocurrencies can also be used for not very desirable purposes whether its money laundering or terrorist financing.

So, these are some of the issues that concern not only India, but also many countries around the world, and are being discussed on global multilateral platforms, said the Indian finance minister.

She then explained that the state needs to understand how cryptocurrency trading works and that the state was not ready at that moment.

Sitharaman explained that India needs to understand how cryptocurrencies should be promoted or how the government should deal with them and how the country needs time for all this.

India has introduced new provisions for taxation of the crypto sector, a steep 30% capital gains tax and a 1% withholding tax on almost all cryptocurrency transactions. High taxes and difficulties in calculating taxes and applying them pushed regular traders out of the crypto market.

As a result, Indias leading crypto exchanges saw a 92-98% drop in trading volume in the first 10 days of the new taxes compared to the same period last year, reports say.

Regular instant electronic retail payments through UPI are no longer available for this exchange. This has led to leading crypto exchanges such as CoinSvtich Kuber, WazirX and Coinbase to stop accepting deposits.

Currently, Cryptocurrencies are unregulated in India. Users of crypto currencies believe that the 30% fee is too high and that it is against the principles of law and natural justice. If a single gain is taxed, set-off of a loss from the same type of transaction should be allowed. Instead of banning cryptocurrencies, in which trading is like gambling, we got. is interested in tax collection. Many of the younger generations are losing hard.

The idea of a digital Rupee has prompted other countries like Russia and China to consider opening up their own digital currency.

The BRICS digital payments superstructure is taking shape with Russias central bank announcing plans to launch a digital Rouble in 2024. Chinas eRMB is already in extensive trials and India expects to launch the digital Rupee within the next 18 months.

Many cryptocurrency investors believe that introduction of currencies such as the digital rupee will give a big boost to the digital economy, they say that the Introduction of Central Bank Digital Currency (CBDC) they say that the establishment of this currency will lead to greater interest in the use of digital money in India.

Digital currency will also lead to a more efficient and cheaper currency management system. It is, therefore, proposed to introduce Digital Rupee in India, using blockchain.

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India is introducing its own cryptocurrency, the digital rupee, by 2023 - techPresident

Over the past 24 hours, Shiba Inu's SHIB/USD price has risen 8.05% to $0.000014. This is contrary to its negative trend over the past week where it has experienced a 3.0% loss, moving from $0.000015 to its current price.

The chart below compares the price movement and volatility for Shiba Inu over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 6.0% over the past week, while the overall circulating supply of the coin has increased 0.31% to over 589.38 trillion. The current market cap ranking for SHIB is #12 at $8.41 billion.

Powered by CoinGecko API

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Shiba Inu's Price Increased More Than 8% Within 24 hours - Benzinga

The ability to gain access to new digital assets at the push of a button is delivering unprecedented value to people all over the world. The adoption of digital assets by financial institutions and corporations alike is making them easy to trade with anywhere, anytime, secured by a single login. Trading cryptocurrencies on mobile devices has never been easier! In this article, well show you 5 ways to make cryptocurrency trades on an Android app more convenient:

If youre trading cryptocurrencies on a daily or weekly basis, youre likely hosting a 24/7 trading desk. You must be constantly monitoring market conditions and adjusting your open and close orders to avoid losing money. There is no way around it: managing your open, close, and market watch orders on a mobile device can be a lot of work.

Fortunately, there is an easy-to-use app for this: Bitcode Prime. Bitcode Prime is a real-time trading and monitoring platform that lets you see detailed information about your current and past trades, as well as monitor your financial state in real-time.

One of the benefits of trading cryptocurrencies on mobile devices is the ability to save and easily access your trade log. This is great for when you want to quickly review past trades and see what your strategy was for certain coins.

You can access your log through the Trades section of your account or the More section of the app. You can also check your trades in real-time with the Pushing Trade feature. This allows you to see every aspect of your trade without logging in.

If youre like many people, you have a large portfolio of digital assets that youve been collecting for a while. However, you may not know exactly where to start distributing them. To make matters worse, you may not even know which exchanges to use!

Thats where a cryptocurrency wallet card like the Coinbase Pro app can help. The Coinbase Pro app is a great way to track and manage your investment portfolio, including displaying relevant stock quotes, tracking your portfolios value, and displaying an easy-to-read calendar.

When you sign up for trading services, they will often provide you with a wallet to store your coins. This is a convenient way to hold and manage your assets, and its often free. However, if you are serious about trading cryptocurrencies, you will want your investment to be stored securely. A good way to do this is to use a hardware wallet.

A hardware wallet is a device that functions as a wallet, but it is much more secure and private. This is because it is connected to your computer and the internet. Furthermore, you can use a hardware wallet to store any cryptocurrency that you choose. For example, you can use it to store Ethereum, Bitcoin, and many other digital assets.

Another handy feature of trading on an app is the ability to access your account from anywhere. From work or the schools computer, you can instantly log in to see the latest price action, check your account, and see the latest news on the coins youre interested in.

When you sign up for trading services, you will often be given the option to create an account on the website. This is a convenient way to manage and track your investment portfolio, as well as check your account balance. You can log into your trading account on the website, as well as access historical data, track your portfolios value and make payments.

The future of trading cryptocurrencies is looking pretty bright. With so many people now able to gain easy access to this new market, and with so many opportunities to do so, its easy to see why this is such a great industry to be a part of. So, how do you get started trading cryptocurrencies? The first step is to download an app. Once you have one, you can easily create an account and start trading. With so many exchange platforms to choose from, and with new exchanges coming out almost every day, its easy to find the right one for you. So, if youve been hesitant to try trading cryptocurrencies, or if youve only wanted to, but didnt know where to start, we hope this guide helps!

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How to Make Trading Cryptocurrency On Android More Convenient And Hassle-Free - Android Headlines

TLDR:

Its no secret that getting insurance for cryptocurrency is difficult and expensive. Fortunately, new technology is here to help solve this problem. And not just solve it, but to make insurance a footnote in what anyone wanting to de-risk cryptocurrency should be looking for.

More on that later.

First, lets look at this from the perspective of insurers and see why its so difficult to insure cryptocurrency.

Insurers dont like to vary the value of policies as prices fluctuate because it makes it hard to determine what level of risk theyre taking on. This also makes it difficult for regulators to be certain that the insurers are liquid enough to pay out.

The regulation applicable to even centralised platforms can be hard to pin down, as so much infrastructure exists in the cloud and teams are spread all over the world. Thats hard to assess from a risk perspective.

Whats more, theres little uniformity between different cryptocurrencies so its very difficult to address the market as a whole. Add to that the inevitable education gap and the negative narrative with cryptocurrency as the medium of choice for facilitating ransomware payments then its clear that the insurance and cryptocurrency industries have a lot to do to bridge the gap between them.

And Im all in favour of that but your assets are at risk NOW.

So, what can you do?

The answer is obvious, at least in theory do whatever we can to reduce the risk so that insurance becomes cheap and easy to obtain (or even obsolete).

In practice, all the problems with cryptocurrency insurance stem from it being an innovative technology, so it makes sense to look to technology to solve whatever we can control.

And theres a lot

The two main sources of cryptocurrency loss boil down to hacking and human error.

We want everyone to know that there are things you can do to protect yourself and your customers from both of these things, today. If youd like to read the full version, just download The Definitive Guide to Crypto Protection instead.

Hacks are getting more and more sophisticated, from Binances $40 million stolen thanks in part to transactions cleverly structured to pass internal security measures in 2019, to the $650 million lost to phished private keys experienced by Ronin Network in 2022.

Our cryptocurrency theft protection technology provides a real-time, inflow response on transactions before they are broadcast to the blockchain and could have stopped both of the hacks listed above (and many more).

Whats more, we have insured our technology at Lloyds of London, so if someone steals funds using an attack its designed to prevent we will compensate customers for any losses that our technology has failed to prevent as set out in our agreement.

Its often positioned as the networks fault, but human error leading to loss is well-publicised. Its estimated that 20% of all BTC is lost forever and, in the case of James Howells (whos local to us, incidentally) there are even extravagant, venture-backed plans to try and retrieve some of it.

Disaster recovery technology securely backs-up private keys without ever exposing them to a third party (including us), so you still have options even if you lose a key. This would have kept the multiple billions of BTC that have been lost safe and retrievable.

If youd like to find out more, just download The Definitive Guide to Crypto Protection today!

Benjamin J ChurchHead of Digital, Coincover

Ben first got involved in cryptocurrency in mid-2017 and is excited for the potential it holds to improve the world. He looks after all things digital for Coincover, particularly the website. His core expertise is in search engine optimisation where he finds great satisfaction in systemising and scaling processes with Python. Ben is always looking to learn and try new things and, when not looking after his two kids or practising guitar, he can usually be found reading or trying to get better at chess.

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DO NOT Buy Cryptocurrency Insurance for Your Business without Reading This First! | Bitcoinist.com - Bitcoinist

For traditional market investors, cryptocurrencies can be overwhelming on account of the volatility in their prices and fast-changing sentiments that can result in swift profits or losses.

However, given the rising levels of crypto adoption and the importance of cryptocurrencies in a Web3 future, an increasing number of investors are raring to participate in this asset class.

Exchange traded funds (ETFs), which track a particular index, sector, commodity, or other asset, offer the best of both worlds. A few Bitcoin ETFs that have cropped up allow access to cryptocurrencies without the hassle of storing or securing crypto tokens through an online or hardware wallet.

The concept was introduced by ProShares Bitcoin Strategy ETF (BITO) in October 2021 and attracted investments of almost $1 billion in the first few days.

Actively traded on the New York Stock Exchange Arca network, investors can buy BITO shares through a brokerage or directly from ProShares.

With more than $800 million in assets under management, BITO is by far the largest actively managed BTC ETF that invests in BTC futures contracts, treasury securities and cash.

Shorting approach

The latest addition to the BTC ETF space is ProShares Short Bitcoin ETF (BITI), which was launched in June 2022. BITI adopts a shorting approach by trading in a cash-settled futures market to mimic the inverse of BTCs daily performance. With assets of $62 million, BITI is gaining traction among investors who are more interested in profiting from a decline in BTC prices.

Apart from these two offerings, investors can invest in shares of Valkyrie Bitcoin Strategy ETF (BTF), VanEck Bitcoin Strategy ETF (XBTF), AdvisorShares Managed Bitcoin Strategy ETF (CRYP) or Global X Blockchain & Bitcoin Strategy ETF (BITS).

BTF aims to invest close to all of its capital in BTC futures and currently has AUM of $22 million. Both BTF and BITO are trading at about 70 percent below their listing prices, suffering from an almost equivalent decline in BTCs price from its all-time high of $68,890 in November 2021.

XBTF is structured as a C Corporation, a legal structure for a corporation in which the owners, or shareholders, are taxed separately from the entity.Long-term capital gains or dividends are reinvested into the fund, thereby reducing the tax outgo arising from taxable distributions for some investors.

Boasting of a lower expense ratio, XBTF is similar in size to BTF and has performed slightly better than BITO and BTF.

BITS splits its assets between Bitcoin futures contracts and indirect holdings in blockchain companies that are well-positioned to benefit from increasing adoption of the technology. The fund assumes long positions in BTC futures with the purpose of achieving long-term capital appreciation for its investors.

BITS has AUM of $8.4 million and holds more than 50 percent of its assets in Global X Blockchain ETF (BKCH).

The CRYP ETF has exposure to BTC via BTC futures ETFs, BTC futures contracts, short duration fixed income securities, and cash or cash equivalents. It is the smallest among the six BTC ETFs, with AUM of $172,000 and has only 10,000 outstanding shares available for trading.

Apart from the six BTC ETFs, there are more proposals awaiting approvals from the US Securities and Exchange Commission, which could add to the options available in the Bitcoin ETF space.

By choosing any Bitcoin ETF, investors globally can assume exposure to Bitcoin while benefitting from NYSE Arcas fully automated, transparent open and closing auctions in these ETFs.

While none of these Bitcoin ETFs holds BTC directly due to the SECs concerns over BTC being traded on non-secured cryptocurrency exchanges, they do provide investors with exposure to the cryptocurrencys price movements and potentially benefit from its long-term price appreciation.

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Bitcoin ETFs: Passive investing in the worlds premier cryptocurrency - Moneycontrol

Confused about cryptocurrencies, like bitcoin or Ether (associated with Ethereum)? Youre not alone. Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, and how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised.

Cryptocurrency is a type of digital currency that generally exists only electronically. You usually use your phone, computer, or a cryptocurrency ATM to buy cryptocurrency. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrencies, and new ones keep being created.

People use cryptocurrency for many reasons quick payments, to avoid transaction fees that traditional banks charge, or because it offers some anonymity. Others hold cryptocurrency as an investment, hoping the value goes up.

You can buy cryptocurrency through an exchange, an app, a website, or a cryptocurrency ATM. Some people earn cryptocurrency through a complex process called mining, which requires advanced computer equipment to solve highly complicated math puzzles.

Cryptocurrency is stored in a digital wallet, which can be online, on your computer, or on an external hard drive. A digital wallet has a wallet address, which is usually a long string of numbers and letters. If something happens to your wallet or your cryptocurrency funds like your online exchange platform goes out of business, you send cryptocurrency to the wrong person, you lose the password to your digital wallet, or your digital wallet is stolen or compromised youre likely to find that no one can step in to help you recover your funds.

Because cryptocurrency exists only online, there are important differences between cryptocurrency and traditional currency, like U.S. dollars.

There are many ways that paying with cryptocurrency is different from paying with a credit card or other traditional payment methods.

Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know.

Spot crypto-related scamsScammers are using some tried and true scam tactics only now theyre demanding payment in cryptocurrency. Investment scams are one of the top ways scammers trick you into buying cryptocurrency and sending it on to scammers. But scammers are also impersonating businesses, government agencies, and a love interest, among other tactics.

Investment scamsInvestment scams often promise you can "make lots of money" with "zero risk," and often start on social media or online dating apps or sites. These scams can, of course, start with an unexpected text, email, or call, too. And, with investment scams, crypto is central in two ways: it can be both the investment and the payment.

Here are some common investment scams, and how to spot them.

Before you invest in crypto, search online for the name of the company or person and the cryptocurrency name, plus words like review, scam, or complaint. See what others are saying. And read more about other common investment scams.

Business, government, and job impersonators

In a business, government, or job impersonator scam, the scammer pretends to be someone you trust to convince you to send them money by buying and sending cryptocurrency.

To avoid business, government, and job impersonators, know that

Blackmail scamsScammers might send emails or U.S. mail to your home saying they have embarrassing or compromising photos, videos, or personal information about you. Then, they threaten to make it public unless you pay them in cryptocurrency. Dont do it. This is blackmail and a criminal extortion attempt. Report it to the FBI immediately.

Report fraud and other suspicious activity involving cryptocurrency to

Originally posted here:
What To Know About Cryptocurrency and Scams | Consumer Advice

Cryptocurrency has been incorporated into different sectors and industries and has been utilized for various transactions since its Inception. Despite being a digital currency, cryptocurrency functions differently from conventional money. It employs cryptography for security and is not convertible into actual money. It is not governed by a centralized authority. Different cryptocurrencies, including popular ones like Bitcoin and Ethereum, are in use. Through these solutions, money can be easily transferred between just two people. Processing fees in internet casinos are also quite low, particularly for live games.

Gamblers and people who enjoy casino games around the world utilize cryptocurrency when playing on online casinos, with some great sites for specific geographical locations. For gamers in Canada, they can play casino games on the best legal betting sites in Ontario, where they will find reputable and reliable casinos that will suit their budding needs.

As there is a rise in players utilizing cryptocurrency, there is also an increase in the creation of crypto-enabled casinos, where cryptocurrency(mostly bitcoin) can be used. The increase in the use of cryptocurrency is due to the advantages that it brings; because of the blockchain technology it uses and its cost of operation, which appeals to a lot of gamblers. Cryptocurrency and online casinos will continue to function together, and here is why they do that so well.

Blockchain networks allow for the preservation of records and do away with the need for accounts, allowing users to safeguard the privacy of their sensitive data. The application of this technique dissociates a participants identity from a transaction. The use of a wallet address and a special identification number is an alternative. Due to the procedures accuracy and security assurances, which are supported by well-known e-wallet laundering standards, an individuals information is kept private.

Blockchain technology provides cryptocurrencies with a certain level of security by virtue of its in-built features. Blockchain technology has been introduced to the gaming industry, providing it with the required security measures to protect casinos and gamblers while playing games in online casinos. Online gamblers can now do so without worrying about the security of their accounts and financial information.

Blockchain-based platforms promise to bring unprecedented transparency to the online gambling industry. Some players lack confidence in traditional casinos and betting services because they believe the software has been designed to reduce their odds of winning and steal their money. Blockchain networks act as ledgers, recording each activity and transaction and giving them more legitimacy.

You do not need to go through many formalities when utilizing cryptocurrency, as it is very easy to use. As opposed to Fiat currency which utilizes credit cards from third-party financial institutions, and goes through processes before it is finally delivered, cryptocurrency is different. All you need is a wallet address, and whatever cryptocurrency you want to use to transact, like bitcoin. It does not take long to make transactions with crypto, as it is faster and more efficient than other payment methods.

The casino industry benefits from the use of cryptocurrencies by creating a secure and favourable environment for transactions, which is why they will always work well with each other. Cryptocurrency makes several promises on Anonymity, Security, Efficiency, Transparency, and so on.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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Heres why Cryptocurrency works well with online casinos - Coin Rivet

The irony about needing accountants who understand digital assets is that blockchains themselves are transaction ledgers with automated record-keepinga blockchain is a giant check register. The technical properties of blockchains means data can never be deleted, only added or read, while transactions and balances can be instantly verified with 100% certainty through the protocols themselves. Because of this, blockchains can disrupt the accounting and tax industries by automating the accounting, bookkeeping, and data entry, and eventually forcing accountants to evolve.While the industry isnt quite there yet, todays complexities of taxation and reporting of digital assets are creating a need for a new breed of accountant: the crypto CPA who is good at working with limited data, being a forensic investigator, understanding new protocols, and applying old frameworks to new technologies while steering clear of any regulatory risk. The adoption of bitcoin and other digital assets continues to grow exponentially despite the bear market in 2022.

Full story : Blockchain and Cryptocurrency CPAsEvolution of the Profession.

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Blockchain and Cryptocurrency CPAsEvolution of the Profession - OODA Loop