Category Archives: Cryptocurrency

LONDON (Bywire News) - When is a cryptocurrency a security? Thats whats proving to be a key question for the crypto community, and one new development could pose an enormous upside for EOS.

Giving evidence in the ongoing lawsuit between the SEC and Ripple, the SEC is now arguing that it has not contrary to common belief declared Bitcoin and Ether to be compliant cryptocurrencies. Ripple is currently defending itself in a lawsuit brought by the SEC accusing it of running unlicensed securities. If the court finds in the SECs favour, the implications for Ripple and other cryptocurrencies could be devastating.

The question of whether cryptocurrencies should be seen as currencies in their own right or securities will be crucial to how the sector will be regulated. The SECs evidence, in this case, represents the latest in a series of hints that the regulatory landscape could be moving against cryptocurrencies. In a recent interview, Gary Gensler, the current chair of the SEC said he agreed with his predecessors view that any cryptocurrency launched as a result of an ICO could be classified as a security.

Until now, Bitcoin and Ether had been notable exceptions. In 2018 the SECs Director of Corporate Finance William Hinman said they would not be treated as securities partly due to their decentralised nature. Their evidence in this new case would appear to contradict this stance and could mean just about every cryptocurrency facing intense investigation.

For EOS, though, it could be good news. In 2020, B1 was sued by the SEC who viewed its $4bn ICO which launched EOS as being unlicensed security. B1 agreed to pay a settlement of $24 million but made no admission. Crucially, it secured an exemption from the SEC from the usual restrictions which would normally have been put in place with one of these rulings.

The decision, it can be argued, means EOS has also satisfied the SEC on its status and puts it in a uniquely favourable position. If the SECs evidence in the Ripple trial is to be taken at face value, every cryptocurrency including the big two of Bitcoin and Ether could be classed as a security, which may put them in the regulators firing line.

It casts a shadow over the entire sector except for EOS. That agreement with the SEC could now become incredibly valuable. It has already done the hard work and satisfied the regulator. It may be that the EOS case represents a pathway for other cryptocurrencies to reach an agreement with the SEC. For now, though I have a unique status and represents the safest cryptocurrency to invest in. Once the market catches on, the sky could be the limit.

(Written by Tom Cropper, edited by Klaudia Fior)

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Why EOS Could be the Safest Cryptocurrency - Bywire News

What is a Crypto-exchange?

Apart from gold, crypto is getting major popularity among the new generation, in terms of its lucrative returns and offers. To buy cryptocurrency in India, an investor first needs to create an online storage option for the crypto (like Bitcoin), through a third party, along with finding a crypto exchange. In the exchange, the investor will have to create an exchange account via an exchange service. The account needs to be linked to the investor's bank account. Buying crypto via an exchange is one of the safest and easiest processes. However, reading all the security measures carefully is very important to invest in the portfolio. Here are some top Cryptocurrency exchanges listed below, that you can select from.

Unocoin is a very popular crypto exchange in the country because it is one of the oldest cryptocurrency exchanges. It was the first entrant in the Bitcoin space in India; they started at Tumkur, Karnataka, and later shifted operations to Bengaluru. It was established in 2013, at a time, when crypto was not a very common investment option, and only investors with high-risk appetites could only step up for it. The exchange has around 1.47 million registered investors. Via Unocoin you can fix a particular date and time, to sell a certain amount of crypto. Unocoin has over-the-counter (OTC) trade to enable users to trade in bulk. The exchange has also launched a mobile app to be more user-friendly.

CoinDCX can be considered as one of the top crypto exchanges in India, in terms of its registered users, above 4 million, who can access more than 200 cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and many other altcoins legally. It used to be a start-up, which was launched in 2018 and emerged gradually. More investors started to show interest in CoinDCX because the trading fee is here is very low compared to other exchanges. Additionally, the investors will get the deposits and withdrawals services for free of cost. It is a helpful option for investors in India, for those who would trade directly between the INR and any crypto. The exchange got an award of 'Elite list of Unicorns in India 2021' by Tracxn.

Zebpay is a very simple and user-friendly crypto exchange, along with its security feature to disable outgoing transactions with a single click. Zebpay also gives offers to new investors that if one registers, he or she will get an Rs. 100 cash-back on the first trade of Rs. 500 or more. The offers generally attract new investors more to come into the field. According to Zebpay, two/third of Indians have bought their first Bitcoin, which is one of the most popular cryptos, on Zebpay. The exchange is operating its business since 2014, and they have facilitated above 10 billion dollars worth of transactions in that time.

WazirX is certainly an unusual platform as they have created their cryptocurrency named WRX. The exchange informs, there will be a maximum of 1 Billion WRX coins ever created. An investor can buy WRX against INR, and then it can be exchanged for other available cryptocurrencies. WazirX can be availed across all platforms - on Web, Android and iOS mobile, Windows, and Mac apps. Significantly, security is very important for the crypto field, globally. Here, this KYC process will be completed within a few hours of signing up, safely, while ensuring the right KYC protocol. Investors can do peer-to-peer (P2P) transactions through WazirX, with zero fees. The WazirX P2P service will help the investor to convert money to crypto instantly, where WazirX acts as an escrow for the safekeeping of the transaction.

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What Are The Top 4 Crypto Exchanges In India: Where To Buy Cryptocurrency? - Goodreturns

New Delhi: Cryptocurrency was one of the most popular topics that hit the headlines in 2021. The recent rise in value in cryptocurrency is due to raised interest in crypto among people across the world. Not only has it become a topic of discussion among the investors but also the common people. Although certain countries are taking steps to legalise cryptocurrencies, also some adoption is being taken in some specific segments.

Besides, the raised value of bitcoin and cryptocurrency has attracted cybercriminals as well. The Federal Bureau of Investigation (FBI) has also warned the crypto investors and buyers, exchange, and payment platforms over the growing threat of criminals aiming to steal bitcoin and crypto-assets.

Meanwhile, Google removed 8 fake cryptocurrencies Android app that scammed users earlier this year. These apps deceptive the users as cryptocurrency cloud mining applications, where users can earn cryptocurrencies by investing money into a cloud mining operation. But, these apps tricked the users into watching ads and paying for subscription services.

Here are some of the names:

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Rewind 2021: 8 Fake cryptocurrency Android apps that Google blocked this year - Newsroompost

Despite the rise of Bitcoin and the looming possibility of an Australian government digital currency, Australians know very little about cryptocurrencies, a new survey has found.Only one in 10 Australians feel they understand what a cryptocurrency is, according to a Saxo Markets survey, while those older than 65 are even less certain.

There is also a divide between the sexes.

Around 21 per cent of Australian men claim to have a handle on what cryptocurrencies are and how they work, the survey found, compared to just seven per cent of women

Bitcoin was easily the most well-known of all the cryptocurrencies (there are more than 10,000), with 38 per cent of Australians surveyed recognising the name which is synonymous with digital currencies.

The next most recognised cryptocurrencies were Ethereum, hitting home with 12 per cent of Australians surveyed, and Dogecoin on 8 per cent.

And although non-fungible tokens or NFTs rocketed to prominence in 2021, 75 per cent of Australians have still never heard of them.

Last week, Federal Treasurer Josh Frydenberg estimated more than 800,000 Australians have owned cryptocurrency at least once.

Forty-two per cent of Australians surveyed said they would use a cryptocurrency if it was made legal tender tomorrow, but only one in four agreed that cryptos should be declared legal by the government.

If cryptos were in legal circulation, one in three Aussies said they would use it by putting it in their savings or a retirement plan.

Foreshadowing a regulatory framework was now needed for cryptocurrencies and its associated industries, Mr Frydenberg acknowledged a "digital revolution" triggered by Bitcoin was now well underway in Australia's financial sector.

An NFT is a digital token encrypted with the artist's signature on the blockchain a digital ledger that is the backbone of cryptocurrencies like Bitcoin and Ethereum allowing sellers and buyers to verify authenticity and ownership.

NFTs ensure a buyer has the true original directly from the artist.

They also allow artists to sell works directly to buyers on their own, which some have asserted will democratise the art market.

Mummies with gold foil 'tongues' found in Egyptian tomb

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Vast majority of Aussies still in dark over cryptocurrency and NFTs, survey finds - 9News

Cryptocurrency prices gained on Thursday despite heavy profit booking. (Photo: Reuters)

Popular cryptocurrency prices have weakened over the past 24 hours due to heavy profit booking by investors. While popular virtual coin prices bounced back slightly, meme cryptocurrencies zoomed on Thursday.

Bitcoin, the worlds largest cryptocurrency, was trading barely above $61,000 or 3.69 per cent higher than its value 24 hours ago at 3:30 pm. The market capitalisation of Bitcoin fell to $1.15 trillion and the 24-hour trading volume reduced marginally to $1.76 billion.

Ether was trading at over $4,150 or 3.90 per cent higher than its price 24 hours ago. The cryptocurrencys market capitalisation stood at $488 billion and the 24-hour trading volume was $1.45 billion.

Cryptocurrency highlights | Check yesterday's prices

While all other altcoins gained substantially during the day, meme coins Dogecoin and Shiba Inu were the biggest gainers. Dogecoin was trading over 27 per cent higher while Shiba Inu was retailing over 30 per cent higher at the time of publication.

Commenting on the cryptocurrency market momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, The cryptocurrency market saw a wave of profit-booking over the past 24 hours.

However, technical indicators suggest that this could likely be a blip in an otherwise positive momentum. SHIBA Inu continued in the course of a massive rally, shooting up over 45 per cent, he added.

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

61,196.69

3.97%

$1.15 trillion

$1.76 billion

Ether

4,175.06

4.53%

$490.38 billion

$1.45 billion

Dogecoin

0.298597

26.63%

$39.33 billion

$11.93 billion

Litecoin

188.28

3.59%

$12.96 billion

$143.53 million

XRP

1.06

4.59%

$106.03 billion

$6.19 billion

Cardano

2.02

3.12%

$66.21 billion

$545.53 million

DISCLAIMER: The cryptocurrency prices have been updated as of 04:10 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

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Cryptocurrency prices today: Meme coins take charge as ...

Cryptocurrency prices fell on Wednesday due to profit booking by investors. (Photo: Reuters)

Cryptocurrency prices fell slightly over the past 24 hours due to profit booking across the spectrum by investors.

The value of Bitcoin, which is the worlds largest cryptocurrency, decreased slightly as investors rushed to book profit a day after the popular virtual coin hit a record high. Bitcoin was trading at $66,636 or 1.35 per cent lower than its price 24 hours ago at 5:30 pm.

The market capitalisation declined slightly to $1.26 trillion and the 24-hour trading volume stood at $1.35 billion.

Ethers valuation also dipped slightly by 0.74 per cent and it was trading at $4,742. The market capitalisation stood at $557 billion and the 24-hour trading volume was $1.05 billion. Most other altcoins fell marginally while some remained flat.

Crypto highlights | Check yesterday's prices

There are changes that prices may fall over the next 24 hours but the long-term momentum remains steady.

Commenting on the momentum, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment platform, said, Over the past 24 hours, the cryptocurrency market witnessed profit booking across the spectrum. As trade volumes go up, the market might end up a bit lower.

Despite this profit booking, the long term investors need not worry as the momentum in the market is still pretty positive, he added.

Cryptocurrency

Price (US Dollar)

24-hour change

Market cap

Volume (24 Hours)

Bitcoin

66,826.40

-0.94%

$1.26 trillion

$1.35 billion

Ether

4,746.01

-0.64%

$557.44 billion

$1.05 billion

Dogecoin

0.272903

-0.72%

$36 billion

$1.96 billion

Litecoin

290.91

17.81%

$20.05 billion

$436.83 million

XRP

1.26

2.38%

$125.01 billion

$4.65 billion

Cardano

2.24

-1.44%

$73.33 billion

$671.42 million

DISCLAIMER: The cryptocurrency prices have been updated as of 05:45 pm and will change as the day progresses. The list is intended to give a rough idea regarding popular cryptocurrency trends and will be updated daily.

Click here for IndiaToday.ins complete coverage of the coronavirus pandemic.

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Cryptocurrency prices today: Bitcoin, Ether weaken ...

For investors looking for deals on top cryptocurrencies, this past week provided what may turn out to be an early Black Friday sale. The majority of large-cap cryptocurrencies have taken a hit of late, outside of specific groups of digital assets, such as those tied to the metaverse, that cryptocurrency investors have latched on to.

Unfortunately, the cryptocurrency world appears to be taking on some of the characteristics of other asset classes. Whether that's good or bad, macroeconomic factors now play into the valuations of these digital assets, perhaps more than ever.

Image source: Getty Images.

This week, one of the key catalysts that drove down valuations across most highly valued asset classes was the renomination of Jerome Powell as Federal Reserve Chairman. While the market appeared to initially view this renomination as positive, it has become clear that investors were pricing in some probability that a more dovish option would be chosen. This sell-off continued into Tuesday and Wednesday, with the Nasdaqand cryptocurrency markets under pressure.

Now, investors have certainly been rewarded with a "buy the dip" approach to risk assets over the past decade. For those looking to do just that, there are certainly some juicy discounts to jump on with top cryptocurrencies. Here are two great options to consider right now.

Currently the sixth-largest cryptocurrency by market capitalization,Cardano(CRYPTO:ADA) is one of the cryptocurrencies that's been under pressure of late. Since hitting an all-time high of $3.10 on Sept. 1, Cardano has lost more than 45% of its value.

Among the key reasons why investors like Cardano is this network's speed and scalability. Cardano can reportedly handle more than 250 transactions per second right now, compared to around 4.6 for Bitcoin(CRYPTO:BTC) and 15 to 20 for Ethereum(CRYPTO:ETH). These numbers are expected to rise over time, as the network continues to be updated. For a large-cap cryptocurrency network, Cardano is fast.

Additionally, Cardano's proof-of-stake protocol has been enticing for investors considering alternatives to Bitcoin and Ethereum. While Ethereum is moving toward the adoption of a proof-of-stake model, Cardano remains one of the largest proof-of-stake networks available to investors right now.

The recent declines we've seen in Cardano appear to be the result of two key factors.

First, the network has seen slower adoption among developers for decentralized finance (DeFi) apps. Cardano's recent Alonzo hard fork brought smart contract functionality to Cardano. Thus, this token got bid up earlier in August in advance of the Sept. 12 launch. However, a rather disappointing showing on this front has led to a corrective sell-off among investors.

Additionally, this week it was revealed that cryptocurrency exchange eToro will delist Cardano. Regulatory concerns were cited as the rationale for this decision, though few specifics were given. Accordingly, investors remain on edge with Cardano right now.

That said, for those taking the longer view on Cardano, these shorter-term headwinds could prove to be a great opportunity to buy it. As investors continue to look at proof-of-stake networks with smart contract capabilities and the potential for growth, there's a tangible thesis to own this top cryptocurrency right now -- especially at a generous discount to recent highs.

Tezos (CRYPTO:XTZ) is a cryptocurrency investors need to go a little further down the list to find. This is another token that has been beaten up by the market of late. Since hitting a high of $9.18 on Oct. 3, Tezos has lost approximately 45% of its value.

However, this cryptocurrency is one I remain bullish on, for various reasons.

Tezos is a leader in the security token space. By security tokens, I'm not referring to the security or integrity of the blockchain itself -- on that front, Tezos receives top marks, alongside most of the major digital assets on the market. Rather, Tezos' Layer 1 platform (a term referring to actual blockchains and their tokens) allows for the tokenization of securities that normally are traded off-blockchain. Think of the various financial products investors may buy on an exchange (stocks, bonds, etc.).

Essentially, Tezos provides functionality to allow for assets to be traded on the blockchain. By tokenizing various asset classes, investors can expand their range of investments on the blockchain in a secure and seamless fashion.

One of the attributes that make Tezos so enticing in the security token space is the fact that this blockchain is self-amending. Rather than using hard forks (such as the aforementioned Alonso hard fork Cardano recently implemented), Tezos' blockchain includes an on-chain mechanism to update, rather than requiring simultaneous updates from nodes on the network.

Unfortunately for investors in Tezos, it appears that heightened regulatory risks pertaining to the cryptocurrency sector continue to provide headwinds for networks engaging in tokenization. The Biden administration has recently moved to tax cryptocurrency more heavily. Various Securities and Exchange Commission investigations into whether several crypto-related assets are deemed "securities" under the law have plagued this sector for some time. And countries like China and India appear to remain inflexible with their stance on cryptocurrency right now.

However, those with a longer-term time horizon may want to think about a future where blockchain technology can truly make a difference in the world. In the DeFi space, Tezos provides a solid investment thesis as a leader in security tokens. This is one area I think could provide tremendous value in the years and decades to come. Accordingly, investors may want to keep their eye on these tokens at these discounted levels today.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Read more:
Black Friday Sales Come Early for Cryptocurrency Investors: 2 Top Tokens That Just Went on Sale - Motley Fool

The cryptocurrency world is now awash with new altcoins, with Shiba Inu (CRYPTO:SHIB) being the latest to receive a huge surge of appeal among retail traders. However, that craze could be fizzling out.

As more new coins come out, the huge moves of shiny new altcoins can be tantalizing. But unless you are really involved deeply in the crypto world and know a lot about the technology and potential real-world use cases, I'd be wary investing in any cryptocurrency long-term other than Bitcoin (CRYPTO:BTC)... and recent events have only seemed to cement Bitcoin's lead.

Image source: Getty Images.

While a lot the investing community views bitcoin as a potential store of value and payment network, rival coin Ethereum (CRYPTO:ETH) was designed more specifically for decentralized finance (DeFi) applications, such as smart contracts. In fact, Shiba Inu is a token that's built on Ethereum's blockchain. Ethereum's status as a go-to platform for DeFi applications is what gives it much of its value.

However, a new Bitcoin update called Taproot now gives Bitcoin enhanced DeFi capabilities too. Just activated this month, Taproot allows multiple cryptographic signatures to be recorded as a single signature on the Bitcoin blockchain. While it may sound like small change, the new innovation will greatly enhance the ability to record smart contracts on on top of the Bitcoin blockchain. Taproot also enables greater privacy for those transactions, allowing transacting parties to only submit crucial information to the blockchain without revealing all identifiers.

That essentially means Bitcoin can now be used for DeFi applications, plugging a current hole in its functionality and making it more competitive with Ethereum.

Don't think Taproot is a big deal? Twitter (NYSE:TWTR) and Square (NYSE:SQ) CEO Jack Dorsey does. He just released a white paper for a new Bitcoin-based DeFi application on November 19, shortly after the Taproot update was activated. The paper outlines plans for a decentralized Bitcoin exchange at Square called tbDEX. While the paper has been hinted at for a long time, it was only released after Taproot was activated.

Jack Dorsey is a bitcoin enthusiast and believes Bitcoin will become the "native currency of the internet." There aren't two internets, so do there need to be two cryptocurrencies that can be used throughout the world? And as a general currency inflation hedge, speculators have traditionally speculated on gold, perhaps some silver -- but not may other commodities that have their own supply demand dynamics.

Famed hedge fund manager Bill Miller also agrees Bitcoin's first-mover status and wide buy-in from large financial institutions gives it a lead that's tough to surmount. As is the case with many internet companies, once a network achieves escape velocity in terms of acceptance, network effects generally make it a winner-take-all or winner-take-most situation. In other words, once bitcoin has been institutionalized and widely accepted as a viable asset class, another digital asset would have to be decidedly better than Bitcoin in order to displace it.

Dorsey and Miller are joined in their Bitcoin-only outlook by MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor. Saylor has been buying Bitcoin with MicroStrategy's corporate cash as fast as he can -- a risky strategy that essentially turns the software company into a leveraged Bitcoin fund, with a nice little software business on the side.

In a recent interview, Saylor expressed his own prediction that the world's sovereign currencies could consolidate, much like all the currencies of Europe consolidated into the Euro. And if there are only a few regional government-backed currencies for the world, there may very well only be room for one universally agreed-upon digital alternative, which is likely Bitcoin.

Going back to Miller, he said in a recent interview, "There are 10,000 various tokens and stuff floating out there. The chances of more than a handful of them being worthwhile is very, very small. Bitcoin, Ethereum, and a few others are probably going to be around for a while."

Of course, since that interview, Taproot was activated, perhaps neutralizing Ethereum's biggest strength. So Miller's list of winning cryptocurrencies may be even smaller -- leaving Bitcoin as perhaps the last cryptocurrency standing.

For new investors interested in crypto, I still think it's important to make Bitcoin the largest position in any crypto basket -- especially those with a longer-term outlook.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Is Bitcoin the Only Cryptocurrency You Need? - Motley Fool

As part of the FTs Financial Literacy and Inclusion Campaign, Lucy Kellaway wrote about a trend in UK schools young people buying and selling cryptocurrencies.

In her Weekend FT article Crypto in the classroom: Lucy Kellaway on the kids new craze, she tells of the rising enthusiasm shown by pupils when talking about such investments. One student boasted he made 100 in one day on his holding.

This article is part of a series of pieces written for the new FT Flic charity which will develop educational programmes to boost the financial literacy of those most in need.

Financial literacy education gives young people the foundations for future prosperity and can help economically disadvantaged people out of deprivation. Join the FT Flic campaign to promote financial literacy in the UK and around the world

Donate to the Financial Literacy & Inclusion Campaign here

Kellaway makes the point that schools generally fail to engage pupils when it comes to learning about money. Lessons need to be properly designed to work around the behavioural biases that make children (and adults) so bad with money, she says.

The article launched a debate among readers on ways to help schoolchildren understand money. Suggestions ranged from fantasy portfolios to encouraging children to take up part-time jobs and using games such as Minecraft to capture young peoples interest in finance.

Many commenters shared lessons from their own experiences and how they teach their own children about money.

A range of reader comments that appeared on our website and social media posts are published below and we invite you to continue the conversation in the comments.

Particularly enlightened parents may see an opportunity to encourage their kids to go deeper to figure out how to stake or yield farm the crypto they have bought, so that they can actually make the 10 per cent interest that Lucy talks about (in fact they can make more 17 per cent on the Avalanche network at the moment for example). And then teach them about compound interest. SkyBlazer

Kids used to be able to put their savings in a bank and see it increase through accrued interest. They could forget about it most times and get on with their lives. Like most adults, by the way. Central banksters have done away with that system. Kids, as they always must through the ages, have to adapt to the times; so it seems a bit absurd to let them do sums with 10 per cent interest. Rather, kids nowadays should do sums which combine negative interest, inflation, and the taxes on their savings, so they understand how their hard-earned money dwindles away rapidly when they dont gamble pardon, invest insomething, be it crypto, shares, whiskey, non-fungible tokens or art. Berend Veenema

When I was in school, at about that age, we had fake investment accounts. We were given a specific amount of money, and had to invest it, based on newspaper clippings. We then had to keep track of the money we invested, gained or lost value from, or if we wanted to change our investments. Then we wrote it all up.Now, kids dont need newspaper clippings to track stocks, they can do it real time on their phones, but it seems like it would still be a good lesson. covertaction

The difference between gambling and investing may simply be down to volatility of the underlying asset. Crypto is not like betting on a horse, where you know it will either win or lose. There is massive volatility but unfortunately it is wiser to take the chance than keep your money in bank accounts earning 0 per cent. The only reason that some retail investors of modest meansbecame rich was because of the crypto volatility. The touting of the illustrious effects of compounded interest is the other side of the coin of the devastating effects of zero/negative after fees interest rates, but we dont take that seriously enough. I kept my money in safe stuff and in the end that was a bigger gamble than crypto. Those kids are much smarter than we give them credit for. Ruled Britannia

One of our kiddos friends just cleaned up on crypto. He ended up making enough that so he wont need to work for years.So, whatever I say is taken in the context of that situation. Had we also allowed our kiddo to invest in crypto he would be able to buy a plane now. Instead, he is working hard, and earning good money.So I have mixed feelings about crypto and kids. It will be part of the world where they live for a long time. They need to understand it, and they need to understand it better than we do.Allowing them to take some small risks makes sense. Just as in sports, there is a small risk of injury that helps children learn boundaries, I think that is helpful in financial literacy. covertaction

For equities they used to say when I hear my cleaner or my taxi driver talk about which new stock to buy this is a bubble. We are now way past that with crypto and we have schoolchildren (!) that dont even understand compound interest talking about investing in bitcoin. Politically Correct

My children are learning financial literacy in Minecraft. One of the modes actually has a futures market that can be cornered. Apparently useless at everything

Another interesting article. Maybe we should try and have the kids in your school run small business enterprises as a way to learn about money? My son and his friends educated themselves very fast by running a scheme of buying fizzy drinks at the corner shop and reselling them at school supply chain disruptions, sales and incentives to move product and splitting profits while reinvesting in the business. These were valuable lessons, with less than 20 at risk at any time, and it all wrapped up amicably with enough cash to buy candy for a week all around. Grizzlybear

This is a great idea my son did the same with Pokemon cards about two decades ago. The concepts of arbitrage, margin, opportunity cost and trend spotting, and the importance of business relationships are also learned too! Censors hate this one user!

Id start a lesson on the value of money with the obvious point that, in and of itself, it is useless. Money is only useful when you can exchange it for something else. So, whenever thinking about money (how much you need, what risk you are prepared to take) you should think in parallel about what the money will be used for. And this isnt a bad time to remind kids that money can be exchanged only for a very narrow set of things (goods and services), and not for the things we most value in life. InHK

I always wondered how much difference it would make if what money is worth were drilled into children at the earliest appropriate age. Many kids drift along at school being thoroughly mediocre and I suspect they partly do this because they believe mediocre equals a comfortable life with a big house, nice car and no financial worries. I wonder how many would change their behaviour if they knew that mediocre equals a life of hard miserable work to just about scrape enough together for a decidedly non-luxurious existence. User Formerly Known as 9725656

As a parent I was also concerned that our children learn the value of money at an appropriate age. From my own experience as a youngster, I found that having a modestly paid job is a great way to learn the value of money. As a mid-teen I got a weekend job, paying 20p an hour serving petrol, a reasonable rate at the time. The sheer number of hours at work it took for me to save for a cassette player was a great way to learn the value of money. ConnDublin

I think its great. Yes, losing hurts, but theres no faster way to learn. I believe the young naturally have higher risk tolerance because, biologically, they are driven to experiment, and through experimenting and receiving feedback, they learn how to operate in the world. Better to let them trade, win and lose, than to be paternalistic and grow up without learning about how to manage their finances. A youngster who loses a few hundred quid but is financially aware as they embark on their career has a very bright future. Cdn Abroad

Fantasy stock market investment would be a better way to teach kids about compounding, dividends and the power of long-term investment in rent-producing assets. xchaotic

A great article. Teaching children about money and how to manage it is much more useful than learning about Pythagoras and his theorem Nick The Greek

Excellent article. And very well written. The whole school curriculum should be adapted to make it more relevant to life: from food to money and economics to literature. MissMarple

When I was at school I ran a book taking bets on horse races. Two races wiped me out. Until then, Id made steady profits. It was a harsh, but instructive lesson in risk. Since then Ive never gone all-in in one asset class. Diversification of total wealth, a job with good, reliable income and investing to get rich slowly deliver financial peace of mind. Global Enlightenment

If interest in crypto can encourage kids to learn about money and managing risk that must be good. Although, like all great manias, there wont be many who retain their gains in the end. But whos to say it is just a mania? Theres a lot of development going on in the decentralised finance space with real-world implications. And it seems to be mainly the young who can grasp it. So good luck to those who get into crypto and can understand the space well enough to see how it might change things. It might even upend some of the inequality inherent in the current world order. DM

I recommend Usbornes Money for Beginners book. Its really good and communicates quite complex topics well, even covering some things at economics degree level. My son has read it a lot, but it would be a very enlightening book for most adults as well. anon.ac.uk

Kids will be learning this lesson of how the crypto markets crashed in years to come. Tomorrows history. Northern Socrates

Beware of easy money; easily gained, easily lost. Its OK to have some in the portfolio, but dont forget to balance it with some of the harder kind. Working EU

Parents should show their children how to save. There are ways to do that in an old-fashioned way, through junior Isas. A window watcher

We need to understand that these kids are interested in crypto not just for the money but the technology itself, as the latest thing and theres no doubt this space will grow. They may just end up living in a tokenised economy, so its better they learn about it now, even if it means losing a few hundred quid. TheMajor

*Comments have been edited for length, style and clarity

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FT readers respond: Cryptocurrency in the classroom - Financial Times

METAVERSE tokens including Sandbox have been surging recently thanks to some favorable news.

In the past 24 hours, Sandbox has jumped 25% to $6.71, according toCoinbase.

1

Furthermore, the metaversecryptocurrencyreached an all-time high of $7.24 today and has gained 108% and 777% in the past week and month respectively.

Some of the gains can be attributed to Sandbox getting set to launch an Alpha hub, which will launch on November 29 and last until December 20.

This is a big deal because this will allow users to enter its metaverse for the first time.

"This is significant because their launch and integration on Polygon will include DeFi staking and redeployment of the Sandbox's already thriving NFT marketplace," DeFi and NFT expert Rio Rocket told The Sun.

Under the Alpha hub, just 5,000 passes will be made and it is starting to raffle the first 1,000 to LAND owners this week.

Plus, players can earn three non-fungible tokens (NFT).

Another portion of the gains is thanks to social media giantFacebook.

Specifically,Facebook changed its name to Metain late October aiming to bring the metaverse to life.

Another metaverse cryptocurrencyDecentraland(MANA) has also benefited from that news as well.

But before you look further, make sure you understand the risks when it comes to cryptocurrencies.

These are especially risky because of the extreme volatility that occurs in the industry meaning you could lose your money quickly if youre not careful.

Moreover, the crypto space can come with a ton of complexity. In other words, make sure you dont invest in anything you dont understand.

A metaverse is a virtual reality experience where users can interact with others. You can think of its as a virtual universe.

Adam Ng, chief executive officer and founder of market research firm Trusted Malaysia told The Sun that metaverses "will serve as a catalyst" when it comes to decentralized governance and finance.

"People are now buying, acquiring, selling, and trading land, condos, money, clothes and more in the metaverse," he said.

"And these are rising in value, either on exchanges or in games, either in real dollars or in metaverse cryptos."

Founded by Sebastian Borget and Arthur Madrid, Sandbox models itself as a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain.

It uses the token SAND, which runs onEthereumsblockchain.

The supply of SAND amounts to 3billion, according to the cryptocurrency.

There is also an element of LAND, which the cryptocurrency describes as portions of the meta-world.

While this is owned by the players, the LAND will always be limited to 166,464.

Furthermore, LAND can be used to host games, construct homes, and for multiplayer engagements.

Given the recent gains, some may be wondering if Sandbox will be able to gain further to reach $10 in the near future, or if it will crash and fall.

First off, to reach $10, Sandbox would have to rise by 49%. Given the recent trends, it could be only a matter of when.

Mr Rocket has touted Sandbox's "vesting schedule" and noted that it plans on following the footsteps of Minecraft by launching its virtual world to the consoles of PlayStation and Xbox.

If that happens, he said: "We are very likely looking at at least a 5x or 10x from current levels by next year."

Also, some price forecasters have posted predictions.

For instance,Coin Price Forecastsees Sandbox gaining even further by the end of the year to $13.52. It then expects it to explode past $64 at the end of 2026.

Meanwhile,Wallet Investoris a little more conservative.

The cryptocurrency forecaster sees Sandbox falling to $5.807 in a year's time but then gaining to $13.305 in five years from now.

But make sure youre aware that price predictions are subject to change should there be more bullish or bearish trends.

Weve done price predictions forMANA,Bitcoin,Ethereum,Dogecoin,Shiba Inu,dYdX,EOS,Saitama,Loopring,Ethereum Name Service,DogeZilla,Aave,GYEN, andHamster Coin.

Also, check outfour things you need to know about Dogecoin.

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Sandbox price prediction 2021: Will the cryptocurrency reach $10?... - The Sun