The digital asset space welcomes a recently-launched token by Blockstream. Asides from being the firm’s latest creation, the token is also backed by its mining facilities. The firm announces some expansion plans awhile ago, and this new creation could be its next step into offering more digital-related services. The tech company explained on March 29 that it had created a token supported by the firm’s mining production.
The new creation is a necessary addition to the crypto space as many institutions have decided to create their own digital assets to meet people’s needs. As a tech-based company, Blockstream’s new move could change things in Canada’s crypto space. The token offers numerous services, and that is why it’s a great addition.
BMN gives exposure to the mining sector
The new creation offers another option for investing in Bitcoin mining stocks. This has given the firm avenue to offer non-US buyers an opportunity to get exposed to the digital asset’s mining through the tech company’s input. The security token is the means for qualified investors to get exposure to the sector.
The Blockstream Mining Note Security Token, also known as BMN, represents around 2,000 terahash per second of hashrate from its mining production. The company explained that it would keep the Bitcoin mined through its facilities in the cold storage for three years and given it to the token holders once the time reaches.
Block stream revealed that it would commence mining plans by the next two months, with some significant phases released by the third quarter of this year. The BMN security token will be listed on STOKR, a European-based investment platform for numerous virtual assets. The firm would offer the first set of tokens for sale by April 7, and each token would be sold at $240,000 each, and this price tag is also the minimum price allowed.
The firm explains some benefits BMN gives to holders
The new tokens would allow getting hashrate produced by Bitcoin’s miners at the institution’s mining facilities. The token would have fallen some laid down regulations and give buyers with legal recourse and also transparency. The firm shared the latest information on its website, with the CEO, Adam Back, explaining some essential benefits from buying the token compared to actually investing in mining facilities. He opined that packaging mining in a tradable token gives investors more flexibility than investing in the traditional mining infrastructure.
The entrepreneur added that people could quickly access Bitcoin mining by purchasing the BMN on the secondary market. The post on the website explained how expanding participation in Bitcoin’s proof-of-work strengthens the digital asset’s security and other added benefits. According to the blog post, it’s a good situation for both the investors and the broader network.
Many people have been enjoying exposure to Bitcoin’s mining option, which has enriched many people. This has also led to mining firm’s growth as they sell Bitcoin at a higher price than the price many years ago. The asset’s success has helped both small and large businesses within the crypto space grow and expand.
Next in line with Cardano, another highly sought-after third-generation blockchain IOTA has been trying to get back to its formal glory days. Recently, the network official has introduced the concept of wrapped IOTA, which would allow the digital token to be traded outside of its native blockchain. At the moment, a DeFi mega event is hosted by Binance where all IOTA holders are invited to participate in a partnership venture between Binance Smart Chain and wrapped IOTA.
It should be noted that IOTA is a digital token designed for Internet of things (IoT) facilitation through tamper-proof data, feeless micro-transactions, and low resource requirements. The token aims to increase the transaction speed and solves the scalability issue related to mining drawbacks. At base, IOTA does not use the traditional blockchain path that is most common among DeFi based cryptocurrencies. The digital token has its personalized trading platform called Tangle, which is based on Direct Acyclic Graphs (DAG).
Has a new DeFi Gladiator Entered the Crypto Coliseum?
Binance has recently launched a new challenger in the ring versus Ethereum. This network is called Binance Smart Chain (BSC), and it aims to attract more users to it by providing lower transactions fees by a huge margin. Within the span of a few months, BSC has managed to run down Ethereum in the matter of daily transaction counts by a whopping 70%.
The IOTA holders on Binance would be able to port their tokens in locked custody and get Binance IOTA on a 1:1 basis in exchange. Binance Bridge would manage this swap. At one end, owners of IOTA would be able to access liquidity on multiple networks. On the other side, the IOTA developers would be able to expand the utility and functional dimensions of the token on multiple ecosystems.
Could IOTA Be the Solution to Bitcoin Scalability Lag?
The IOTA token started this year from $0.30 and travelled skywards with a velocity of 400% speed. At the moment, the token is valued at $1.45. However, to get back to its all-time record high of $5.25 in 2017, it has to try and play every trick up its sleeve. The IOTA foundation has been active recently and introducing one upgrade after another in the ongoing year.
An important breakthrough of the third-generation blockchain is the makeup changes in its native network. As per updates, the IOTA officials are preparing to introduce a universal hosting capability on the Tango Network. After introducing this upgrade, foreign digital assets would be able to inhibit, stake, and trade at the IOTA network.
from CryptocyNews.com https://www.cryptocynews.com/iota-to-start-trading-on-alternative-staking-network-introduced-by-binance/
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Major League Baseball (MLB)’s Oakland Athletics prefers to hold any Bitcoin it earns when fans book for luxury seats to watch games at the club’s bay in San Francisco. This disclosure was made by the team’s president, Dave Kaval, during last week’s interview with a Bloomberg reporter. However, Kaval noted that no team supporter had yet seized the opportunity to purchase an entire season, a six-person suite to be apportioned to the home season buyer. The offer, which is 1 BTC, was first made public on March 15.
Oakland wants to use the proceeds to purchase agents
While Kaval has expressed optimism that some fans will soon accept the offer for ten different suites, he said that the team would hold any Bitcoin receipt and wouldn’t change it to a fiat currency. He affirmed that the club believed in Bitcoin and its prospect of a future rise in value. He added that he would prefer to use the returns earned from the rise in Bitcoin price to buy “big free agents” someday.
Bitcoin has fallen from its $61,000 record high to $51,000 since the team announced the luxury suites ticket offer. This indicates that any fan that took advantage of the offer at the time of the announcement would have saved up to $13,000 instead of paying for the entire regular season with a fiat currency of $64,800. But at the moment, Bitcoin is trading above $57,000.
According to the president, the club’s reason for selling Bitcoin was to present a unique and new offer to fans. He, however, clarified that only Bitcoin would be accepted, while Ether, Doge, and other tokens would be added in the near future. “Now, our focus is on BTC; but in the future, we are open to other tokens,” he said.
The 1 BTC offer for the suites will expire before April 1, the date the Oakland A’s would play its first match against the Houston Astros. While COVID-19 reports in the state will largely determine if there will be a change of date, 9,500–20% out of the total 63032 seats will be made available for baseball spectators at the A’s RingCentral coliseum on April 1.
Major League Baseball players now selling NFTs
Some players of Major League Baseball have joined the NFT marketplace. In February, Micah Johnson, a former MLB player who is now an artist, earned $1 million from the sale of artwork in just a minute on the NFT marketplace, Nifty Gateway. At the end of the 28-hour action, the sum of $2 million was generated. In his interview with journalists, Johnson said he was focused on his plan to prove that NFT can produce extraordinary experiences and satisfaction.
Johnson also sold an NFT he tagged as AKU, and sold the physical AKU sculpture for $305,000. Johnson said the AKU, a black astronaut, was inspired from the question, “Can an astronaut be black?” which his sister asked about her son. Earlier, Taijuan Walker of MLB had also sold his NFT for $4275. This made the record of the first NFT to be sold in basketball.
from CryptocyNews.com https://www.cryptocynews.com/mlbs-oakland-athletics-plans-to-hodl-bitcoin-earned-from-suite-sales/
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POS is an abbreviation of “Proof Of Stake.” Many new traders would be confused about what Proof Of Stake coin is? Nowadays, cryptocurrencies working on the concept of blockchain are amongst the most popular ones among traders. In this article, we are going to look into what is a POS coin and look at some of the best POS coins available for the traders who are interested in them.
So let’s start off with the concept of crypto staking. Crypto staking is basically a process in which a trader is required to own a minimum amount of any cryptocurrency and then hold them in order to get rewards and stabilize the market. These rewards are pretty good that many investors have shown their interest in staking. So to answer the question about what POS coins are, then let me tell you it is a mechanism in which it is required by a trader to hold Proof Of Stake in order to hold and validate the crypto coins. It depends upon the number of coins that the trader is holding at a time. As it is stated, if a miner is holding a large number of POS coins, then more power to mine he will possess. With that being said, there are many options of coins that are eligible to POS, but in order to remove the confusion among traders of which coins to choose, here are our top picks for the best POS coins.
Top 10 Best Proof Of Stake (POS) Coins
NEO
The old name of NEO is Antshares. It is basically a competitor of Ethereum coin and also known as Chinese Ethereum or Ethereum killer. This is an open-source cryptocurrency and platform of blockchain. Even Though they have their own coins known as NEO cryptocurrency, they are still providing other options such as ANC-Altcoins or GAS. This means that you can even hold a token of GAS on this platform and get a very decent amount of profit. NEO is providing some of the best features for its customers, which allow them not to make a staking account every time they want to stake, but instead, it has a very wide variety of applications that are decentralized. The security features of NEO include different biometric verifications like Facial recognition, Fingerprints, and voice recognition as well.
If traders decide to hold NEO coins on amongst the most popular exchanges known as Binance exchange, they are going to get approximately 1.95% per month as a reward. And that makes around 0.0016 of NEO per month and 0.0195 per annum if they own 1 NEO. NEO has also collaborated with some of the popular wallets, such as Atomic wallet and Guarda wallet, from where you can also stake NEO coins if you wish to do so. Both of the wallets offer the same amount of reward, which is 1.95%.
Tezos (XTZ)
If you have been in the field of cryptocurrency, then probably you would know about Tezos, also known as XTZ. It is one of the most popular staking coins which offers the best yearly interests. It is relatively a new option as compared to the other old ones, but their promising profits and rewards have made their place in the hearts of many traders. According to a report, $232 million was the rise of XTZ during ICO, which shows how much potential this coin has. The crypto is not owned by any individual or group. Instead, it is open for the general public to invest in it and earn some reasonable amount of profits. And XTZ is definitely one of the top options that traders have with incredible features like LPOS, and not only that, but it also provides modern blockchain.
The staking process of XTZ has been kept extremely easy. The fees are also competing with the market as they allow XTZ to be staked on Binance with 0% fees, whereas other POS coins are charging a pretty handsome amount from your staking if you wish to stake them. If you wish to stake through one amongst the most famous platforms, Binance, it is providing you with two options, first is that you can bake Tezos coin with a 6.20% reward per annum, or you have an option to delegate Tezos with 5.50% per annum as a reward. Other staking platforms like Guarda wallet and others are also providing you with the same amount of reward with 0% fees so that you can get all the reward that you deserve without giving it to any of the service providers.
DASH
DASH is again a very popular cryptocurrency that has gained a lot of attention over the years by traders and investors. This cryptocurrency is providing electronic currency, which is decentralized based on peer-to-peer connection, which makes the actual cash transparent in the real world, for example, USD, GBP, or EUR.
If a trader owns around 1000 DASH units, he is capable of running a node known as a master node by staking coins. The current price of 1 DASH unit is approximately $300, which means you need at least $300,000 of investment if you wish to stake DASH, but as the investment is high so the rewards that you are going to get out of it is also very high, the annual reward of 5.27% is offered by the platforms like atomic wallet, Guarda wallet, and ledger wallet, same is the case if you stake it through any exchanges like Coinbase and Binance. If you do the maths, you will come to know that why many traders are so interested in this concept of staking coins, and with keeping in mind that you don’t have to do anything after staking, just sit back and enjoy your life while crypto is multiplying your investment by a significant number every year.
QTUM
QTUM project has created QTUM as an open-source cryptocurrency. The company has kept the blockchain technology decentralized in order to handle smart contracts with the authorities of POS. Hybrid versions of some of the most popular cryptocurrencies are also available, which include Bitcoin and Ethereum, which are still allowing traders to stake them. QTUM is one of the strongest networks when it comes to technology. The platform is focused on two very popular cryptocurrencies in the world, as we have discussed before. The main purpose of making this coin is to provide customers with a trustworthy and rewarding option to stake coins. The platform allows traders to use tools provided by Ethereum and Bitcoin to boost these coins as well. The platform uses Ethereum virtual machines to run QTUM by smart contracts. That means Ethereum and QTUM are working side by side to provide the best services to the traders who are interested in staking.
If we talk about the numbers, QTUM is providing 6.0% of reward to its stakes per annum if you stake it on Coinbase and Binance exchanges. If the trader decides to stake it through the wallet, the reward remains the same, and on top of that, there are no fees that are charged by any of these platforms.
CUTcoin (CUT)
It is one of the most ambitious projects which are offering digital cash. The platform is using one of the best encryption technologies, which allows it to have blockchains like, Bulletproofs, RingCT, and many more. The transactions done on this platform are named digital cash transactions. Privacy is the key factor of digital cash, so for all of the traders who are looking for a platform that provides privacy, CUT is the option they want to try. It is a privacy-centered cryptocurrency but not like some other options. Instead, it is built on an eco-friendly POS consensus.
CUT is providing a platform where traders can stake all of their coins by simply keeping them in their wallets, which means you don’t have to risk your investment by giving it to the developers. It is a human right that is considered a standard right to safeguard his privacy, and CUT is taking that into consideration and providing a platform where you can stake CUT without compromising on privacy. The reward of staking CUT per year 25%, which is not comparable to any other options available in the market. And the plus point is that traders don’t have to wait for a whole year. Instead, the reward is credited on a daily basis in the wallet of the trader.
Cosmos (ATOM)
It is another option that provides one amongst the most decentralized and individualized blockchains. Both networks, one of Tendermint and one of Byzantine, are algorithms that are sensitive to faults. These are also processed by blockchains which are decentralized. ATOM uses DPoS, which means that validators and delegators are the ones who are operating in this platform. The delegates are going to determine the validators who need to be engaged, as well as they, will also verify transactions that are performed by traders and include chains that are new as well. The traders are offered to receive rewards from staking ATOM, but not only that, but they can also utilize any form of representation that belongs to a blockchain that has been incorporated within a network.
Recently, ATOM has secured a standing at the 25th position in the list of the biggest cryptocurrencies in the world by market value which makes it a very preferred and popular option among traders and investors. ATOM is promising to give 8.32% rewards yearly on the Binance and Coinbase exchanges. The same goes for the wallets as well as atomic and ledger wallets. The number of profits is credited into the accounts of traders, and the percentage is quite competitive to other options on this list as well, which makes it a good option for traders to stake.
PIVX
PIVX stands for “Private Instant Verification Transaction.” It is another cryptocurrency that is focused on delivering the best security during your trade. In 2016, PIVX was dissolved by DASH with an ambition to provide a no-limit staking option where traders who are not capable of investing large amounts of money can stake this coin without any minimum limit of investment. This makes it a very popular option among new traders who are just starting with staking.
The platform is also offering a master node option. This means that a trader has to own 10,000 units of PIVX in order to run master nodes. If we talk about the reward, PIVX is granting a total return of 5% on your investment, which makes it a really good option on the list. The traders who have minimum units of 10,000 PIVX can earn this reward by running the node, which is mostly referred to as a master node. There are two options that a trader has while using this option. They can either run a master node. If not, then they can also stake their possessing coins in different exchanges and wallets as well.
LISK (LSK)
This is a platform that is dependent on blockchain that allows traders to construct decentralized applications (DApps) on its network. The platform also provides the ability to the traders and investors to construct side chains as well. These side chains are applications where the app’s structure is built on this platform of LISK blockchain. The interface of LISK has been kept simple and easy to use for users and uses the language of JavaScript for its programming. Traders can stake LISK from many platforms like Kucoin, OKEx, Bit-Z, and many more as well. Lisk coin or LSK is the currency label of LISK. This is a primary option that is used in applications that are decentralized on the chain of Lisk.
Talking about the rewards for which every trader decides to stake coins, LISK can be staked on different exchanges and wallets such as Binance exchange, Atomic wallet, and Coinbase with the same reward, which is 1.6% for the traders who are voting for delegates and 5.24% for those which are running a delegate node. The option of voting for delegates makes LISK the best option for the new investors who have just stepped into the world of crypto staking.
Algorand (ALGO)
It is another blockchain network that is built as a legitimate open-source, open blockchain to allow the economy which is borderless. For the traders who didn’t understand this, in simpler words, Algorand requires an ecosystem that is going to allow everyone to be actively participating. The platform was built with the concept of usability, simple usage, and instant transfers. This feature allows blocks to be finalized instantly, and not only that but the network’s transactions are also improved every second. The mainnet is capable of handling one thousand transactions every second without any error or delay. However, the delay is negligible, with 5 seconds maximum time taken per transaction.
ALGO is listed among the top exchanges and wallet staking sections. Algo is affiliated with many cryptocurrency exchanges such as OKEx and Coinbase Plus that are also a part of the market. If investors choose Binance to stake their crypto, then it can help to gain a good amount of income. The reward can be as much as 5.79% if you choose to stake your ALGO on Binance. This way, you would get 0.0579 if you invest one ALOG per year.
VET (Vechain)
Although there are many network ventures in the market, VET is still one of the biggest and most influential ones. In 2020 it was also recognized as one of the best coins that can be staked, and ever since they have started out in the supply chain, they have gotten a lot of attention. Ever since they have used blockchain technology, it has helped to improve their motive. They started out in 2015 but managed to become very well established. They have worked towards introducing smart transactions. This includes factors such as inventory management monitoring and quality assurance. All of these are a subcomponent of what makes logistics.
Vechain targets two coins which are BTHO and VET, and in order to stake VET coins, you have to access VTHO through the master node. Furthermore, Vechain is fueled by BET. The benefit of using Vechain as compared to others is that it is much more advanced and makes staking easier and more worthwhile, as it also provides access to the mobile app.
If you are looking to stake your VET tokens on Binance, then you have five options to choose from. This variety is really rare, and it includes authority nodes, 3.17% annual reward, or 1.87% annual reward. The first one is the most beneficial, but you can choose any of them.
Conclusion
Many people have started using POS currencies to start earning a passive income. This has been regarded as one of the most innovative and simpler forms to earn. To start using these currencies, you do not have to pay a lot. They have made it quite easy, and the reward is also pretty high. You can expect a free reward of 1% to 5%, and there is a huge variety of coins to choose from. The ones I have listed are some of the best ones, but if you wish to explore them, there are many more. These have the strongest and most beneficial features too.
KiwiSaver is a New Zealand-based retirement plan that has become the center of attention in many crypto circles. Apparently, the timely decision of one investor from this program helped it gain significant momentum and gains this year. James Grigor is the appointed Chief Investment Officer on this retirement fund. Last year, Grigor went against the majority of his advisors and fund managers and invested 5% of capital into the flagship cryptocurrency.
The fund usually relies on traditional asset classes like bonds, shares, and other similar commodities to provide the retired patrons and benefactors the best possible results. When Grigor decided to put the stakes of the fund into digital assets, he was faced with skepticism and opposition by many investors. Grigor told a local NZ media outlet that he decided to go with the BTC due to its transition into a store of value.
Fund Manager Exchanging Trading Route from Traditional Financing
The total assets under management of KiwiSaver were $350 million at the time of investment in BTC back in October 2020. At the time, BTC was trading for a value of $10,000 USD. Grigor put 5% of the fund amounting to around $17.5 million into the digital asset. The transaction was made anonymously for various reasons. However, now the fund manager has disclosed their balance sheet after gaining massive gains from the trade.
At the moment, BTC has peaked at the $61K mark. It is soon expected to enter into a new array of bullish waves that would drive its price further up. Grigor is hopeful that more features of the retirement fund take up BTC and expand the investment schemes. As per Gregor, the fund would keep looking for better and bigger asset class commodities to ensure maximum profits for its investors.
Institutional Stakes Betting on a Massive Bull Wave for Bitcoin
It is one thing for stakeholders like Goldman Sachs and Morgan Stanley to endorse and campaign in favor of the BTC. It is another thing to have the most sought-after financial experts giving their consent for the investment potential of the flagship currency. The independent news outlet specialist Mike McGlone has made interesting predictions advocating the case of BTC. According to his findings, Bitcoin can reach the $400,000 mark if the price behavior stays intact till April.
Other Bitcoin investors and enthusiasts like JP Morgan have been expecting Bitcoin to eventually breach the $146K mark. However, the new data-backed findings of Bloomberg analysts have left all others behind. Like many investors, Gregor also decided to rule in favor of BTC due to its hedge potential against hyperinflation. With the US government planning to print $3 trillion to control COVID destruction and filing of BTC ETFs, a bull explosion is highly likely to occur.
from CryptocyNews.com https://www.cryptocynews.com/retirement-fund-investors-gained-60-returns-from-bitcoin-bidding/
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Visa plans to make its processes much more efficient thanks to its new and improved ETH compatibility. Visa will now be able to support transactions in cryptocurrency with payments being acceptable directly in USDC.
The USD Coin (USDC) has had its price be continuously volatile, with the lowest over the previous 7-day period being about $0.99 and the highest being recorded at $1.01.
Visa utilized Ethereum as leverage in hopes of settling payments
It is true that Visa had worked with both Anchorage and Crypto.com in the past to support digital and electronic currencies. It should also be mentioned that the transactions had to be converted into fiat prior to being ultimately settled.
This contributed to Visa weighing its options and eventually deciding to have its digital transactions be directly on the ETH blockchain, and it is accomplishing this through the employment of the USDC stablecoin.
Compatibility with Ethereum seems logical as the initial successful transaction took place in March
It would therefore seem that implementing a system that incorporates increased compatibility with Ethereum through the utilization of USDC is indeed a logical step for Visa. This is due to the fact that the company itself has long been supportive of cryptocurrency in general, even going as far as calling Bitcoin the next form of ‘digital gold’. Interestingly enough, its long-time rival MasterCard had taken the opposite stance on cryptocurrency, with its CEO Ajay Banga going as far as calling it ‘junk’ and not seeing anything of intrinsic value in Bitcoin, the world’s largest crypto asset.
Still, this is an important step for Visa as it looks to get more involved with cryptocurrency and digital trading. In fact, Visa had actually begun enabling payments to be made in cryptocurrency through USDC this past December. However, these transactions were still being settled via fiat at the time. It is with this progressive mindset that Visa was able to announce the very first triumphant transaction settlement that did take place earlier in March this year. Crypto.com had managed to send USDC to Visa’s ETH blockchain, the address of which had been at Anchorage, which itself is an institutional security firm specialising in blockchain.
The boom of the cryptocurrency space continues to extend within and beyond the $2.5 trillion market territories. Many Blockchain technology firms and crypto services outfits have continued to create and develop innovative products and services, which have contributed to the space’s growth.
However, the last few months have witnessed the uprising of unique digital assets- Non-fungible tokens (NFTs). The NFT market, despite occupying a small portion of the cryptocurrency space, has continued to grow and get the attention of several investors and Blockchain service firms. Circle Internet Financial is the latest player to have been captivated by the NFT space, as they have announced that they have created a new payment solution for the market.
Circle’s new solution will utilize credit cards and cryptocurrencies
In the crypto fintech startup’s announcement, they believe that the rising adoption of NFTs was the drive behind the new payment solution. Speaking to the press on the new update, the firm’s CEO- Jeremy Allaire, believes that NFTs, like Bitcoin, have come to stay and will not be going anywhere anytime soon. The Executive believes that his firm’s new solution is a win-win solution for both content creators and investors.
The new payment solution will enable creators, digital marketplaces, and NFT platforms to get their payment faster than ever while also providing buyers and investors with the most effective payment platform, regardless of location and payment methods. The sales of NFTs have always been conducted with cryptocurrencies. According to Allaire, the platform currently supports Bitcoin, Ethereum, and USDC, as they are currently working to incorporate other cryptocurrencies into the platform. The new payment platform will also feature a credit card, which fiat currency holders will use to purchase NFTs during auctioning.
NFT adoption set to go high
Allaire, in his interview, believes that the NFT space is one of the most attractive sectors of the cryptocurrency space. He feels that the unique digital tokens have continued to fascinate and attract more investors into the space. He believes that it won’t be long before the market starts to rival prominent names like Bitcoin and Ethereum, despite the differences in fortunes and tokens.
Allaire has echoed the words of many crypto analysts, who believe that the NFT space is the next big thing in the cryptocurrency space. Many analysts believe the sale of the world’s most Expensive NFT by Beeple for $69 million earlier this month to continue to put the space in the limelight. However, like Allaire, many analysts have projected the space to continue to grow as the popularity increases.
However, Allaire’s Circle has now made an essential contribution to that growth by creating a platform that will allow both crypto holders and fiat currency holders to partake in the NFT space. The development will delight many in the crypto space, and there is a belief that the payment solution will further aid the adoption of NFTs.
Not very long ago, the governor of the central bank of Norway expressed his opinion regarding Bitcoin’s rise to fame. However, Mr. Oystein Olsen was unimpressed with Bitcoin, as he believes there would never come a time where Bitcoin could supersede a currency issued by the national bank.
The governor concurred in an interview that cryptocurrencies like Bitcoin remain extremely resource-hungry compared to fiat currency. He added that Bitcoin is not only an economical option to pursue, but also the instability of Bitcoin makes it very hard to ever become a viable option.
According to him, the key point for a national bank-backed currency represents stability and preservation of the currency’s value within the system, which Bitcoin does not provide. The statement of the governor came when one of Norway’s leading Business tycoon commented on Bitcoin backing the cryptocurrency for succeeding in the future.
In a fascinating turn of events, Aker ASA revealed “Seetee AS,” a new organization that would focus primarily on Bitcoin-related projects and organizations. The Norwegian business tycoon Kjell Inge Rokke in a letter to Aker ASA’s stakeholders, addresses Bitcoin shortcomings, like high electricity consumption, not scaling with transactions, and the prospect of Bitcoin being used for illicit activities. Despite Bitcoin’s shortcoming, Kjell believes Bitcoin offers a solution, not a problem.
Kjell went on ahead explaining why Aker is presently joining the Bitcoin space, as according to him, the conclusion he came to was the result of thorough discussion with his peers and influence from books, articles, and podcasts regarding Bitcoin. He, on top, added that failing to capitalize on Bitcoin would constitute a significant risk.
According to Matt McDermott, there is a considerable demand for cryptocurrency across many distinct industries. As the adoption of Bitcoin continues to grow, central banks across the globe race to build their very own proprietary CBDCs. In November, the Deputy Governor of the Norwegian central bank issued a statement, underlining Norway as the world’s least cash operating country, as coins and banknotes-based payment totaled close to 4% in Norway. IDA Wolden continued by saying the Norwegian CBDC would allow the citizens to pay securely and efficiently.
Jim crammer is among those analysts who believe Bitcoin offers a solution for the imminent boom after the pandemic. According to Jim Crammer, the most effective practice would be to purchase Bitcoin today.
from CryptocyNews.com https://www.cryptocynews.com/norway-central-bank-governor-says-there-is-no-possibility-of-bitcoin-replacing-fiat/
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Bitcoin continues to be the most successful digital asset in the Blockchain space, much to the delight of its growing admirers. The cryptocurrency remains the most admired by many retail and institutional investors, a phenomenon believed by many analysts to have contributed to the digital asset’s rapid growth. The digital asset, so successful, has now surpassed the $1 trillion market capitalization consecutively. However, Cathie Wood, the CEO of investment giant- Ark Invest, believes that it is just at its starting point despite the recent rapid success of the cryptocurrency.
Wood believes Bitcoin demand will continue to surge
Speaking at an online webinar yesterday, Wood, who doubles as both CEO and CIO of Ark Invest, believes that the future of Bitcoin is too bright and that more is expected of the leading cryptocurrency. The financial analyst believes that the demand for Bitcoin is already at a point where it will continue to go up as the digital asset’s mainstream adoption continues to be on a high.
Wood is very optimistic about Bitcoin, as she believes that the digital asset is a significant driver of the overall Blockchain space. Despite its recent sojourn around the $60K mark, Bitcoin continues to be the leading and most valuable cryptocurrency. The cryptocurrency demand, whose trading volume is unmatched by any digital asset in the cryptocurrency space, continues to be high. Hence, this is why Wood, like many analysts, believes that its demand will continue to surge high.
Wood also believes that the recent institutional adoption of the cryptocurrency by many large corporations like Tesla, Microstrategy, and Square committing millions of dollars to invest in the cryptocurrency, is a factor that will continue to drive demand and increase its market capitalization. The last two years had witnessed many institutional investors committing their treasury reserves to the cryptocurrency, and Wood believes that the situation will remain like that for a while, especially as the asset has continued to flourish.
Wood bemoans crypto policies
In her speech to the audience, the business Executive defined Bitcoin as a unique asset class. Wood believes that the digital asset is in a world of its own and can not be compared to any of the assets before it. Wood also spoke about crypto tax reforms, a situation which she believes will likely hamper the mainstream adoption of Bitcoin and other cryptocurrencies.
Also, while Wood believes that Tesla announced that their customers can now buy their cars with Bitcoin, she feels there is a slight disadvantage to that move, especially for the consumer. The financial executive believes that the crypto tax reform, which the IRS had used since 2014, will not favor individuals looking to buy with Bitcoin, as they will be paying more with the cryptocurrency than with fiat currency.
However, she believes that a solution is not far from sight, as regulatory bodies in the U.S have continued to debate over the Crypto tax policies. However, the business executive moved ahead to advise her audience to slow down a bit for now spending Bitcoin, as she believes the proposed regulations will put things in a better stance.
from CryptocyNews.com https://www.cryptocynews.com/cathie-wood-believes-bitcoins-1-trillion-market-cap-is-the-starting-point/
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It is one of the most trending news these days that the State Hermitage Museum, which is also known as the second-largest museum of culture and art from Russia, has also shown interest in the crypto world and that it is planning to hold non-fungible token (NFT) exhibition in the near future.
Hermitage Museum made an announcement on the 25th of March, 2020, discussing the idea of holding the NFT exhibition in the near future. Moreover, management announced that this exhibition would be considered to be part of the 2020/21 project of the museum, which will be administrated by the dept. of the Contemporary art of State Hermitage Museum.
This Hermitage 2020/21 project organized by the dept. of contemporary art is going to be unique of its kind as the announcement stated that Non-fungible tokens (NFT) are now a new trend of attaining rights for an artwork by the use of blockchain technology, which entertains the customers to inaugurate explicit and transparent control over the ownership and copyrights.
Purpose of the Exhibition
This exhibition is expected to be the extended intention of the project, initiated by the State Hermitage project for newly trending art diversities. It is acknowledged that the Askenov Family’s foundation, which is aimed at social innovation and local cultural funding, going to be the strategy to the Hermitage for non-fungible token (NFT) project, which will produce fruitful results for the analysis and better understanding of the market’s interest regarding cultural practices.
Following week, Cointelegraph commented about some artist whose art has been in the museum for the exhibition held at Hermitage Museum based in Saint Petersburg, in which artists like Kevin Abosch, an Irish artist, seemed to be interested in cryptocurrency and showed his interest in the crypto world and showed his interests in experimenting the non-fungible token (NFT) technology for the sake of installations of digital art.
As per Hermitage’s official statement on Thursday, the exhibition is likely to be held in 2021, and this project will be considered as a landmark step taken by the authorities as it is going to be the first of its kind in the field of the crypto world and non-fungible tokens (NFT) art.
The Crypto world is expanding day by day as different institutions have started taking an interest in cryptocurrencies and other digital financial markets as these platforms are foreseeing the ultimate future of the digital world.
from CryptocyNews.com https://www.cryptocynews.com/state-hermitage-museum-is-planning-to-hold-non-fungible-token-exhibition/
via Bitcoin News
via Bitcoin News Today
The electric vehicle manufacturer Tesla has started accepting Bitcoin payments from their customers. This payment method is presently available in the United States only, but Elon Musk stated that customers from other regions would also be able to pay via Bitcoin soon. The option of payment through Bitcoin is also visible on Tesla’s United States website.
The primary source of this news was the CEO of Tesla, Elon Musk, who tweeted saying that now people can buy a Tesla vehicle with Bitcoin. Musk further gave technical information regarding the way Tesla intends to handle the cryptocurrency payments. Musk informed that Tesla aims to use internal software, and Bitcoin nodes will be used directly to ensure the entire Bitcoin’s blockchain’s safety. The CEO of SpaceX also ensured that the Bitcoin payments will not be converted into fiat currency and only be perceived and accepted as Bitcoin.
Bitcoin Payment Details and FAQs
To make the process of Bitcoin payments easier for customers, Tesla has added the Frequently Asked Questions (FAQs) section on its website. This section explains that customers can scan a QR code to successfully transfer the payment. There is another option where customers have to enter their Bitcoin wallet address to initiate the transaction. One important detail for customers is to remember that Tesla accepts only Bitcoin payments and any other cryptocurrency only unacceptable but also non-refundable. The terms and conditions of Bitcoin payments on Tesla’s website also stressed the point that all Bitcoin payments should be equivalent to the US prices. For example, Tesla elaborated that a US $100 paid today equals 0.00183659 coins of the leading cryptocurrency.
Tesla also warned the customers in their terms and conditions section, saying that people should be really careful when entering their Bitcoin addresses. The electric vehicle company clearly stated that an incorrect address could lead to a loss and destruction of their crypto tokens. Tesla also considered the volatility of the leading digital asset and told customers that the refunds might be less than the original purchase because of the US dollar rate relative to Bitcoin at the time the vehicle was purchased. Tesla has so far invested a massive $1.5 billion in Bitcoin.
from CryptocyNews.com https://www.cryptocynews.com/tesla-has-now-added-a-bitcoin-payment-method-for-its-customers/
via Bitcoin News
via Bitcoin News Today
The crypto market is now opening up wider than it used to be, thanks to various new uses from the previous retail trading. As of now, the market can boast of having one of the most concentration of institutional players in the market. But while that is something to be proud of, the real sector that has seen people troop into the market has been none other than the decentralized finance sector and the now booming NFTs.
Before this time, the NFT sector was relatively unknown, with only a few entities dabbling in it, while the DeFi sector recently entered the mainstream media some few months ago. But while others are focusing on certain other issues in the crypto market, the CEO of crypto.com, Cris Marszalek, has made a prediction.
Marszalek says NFT would bring more people into the crypto market
According to Marszalek, the now booming NFT and institutional participation would introduce nothing less than 200 million users into the crypto space. Despite releasing a report some weeks back that showed that crypto spent close to 10 years before it saw its first 100 million users, the CEO points out that it would not take that long before 200 million is achieved.
In his interview, Marszalek pointed that he was aware of the market conditions. Despite that, he thinks that crypto adoption would have it relatively easy breezing into the 200 million user cap than it has, moving from 50 million to 100 million. Giving his reason for saying so, Marszalek mentioned that with every trend that emanates from the crypto sector, it seems always to have a positive perception of the general public, hence flocking into the scene. He also pointed out how institutional investors have converted people to space through their multiple investments.
Famous stars can introduce their followers to crypto
While the end of 2020 was riddled with a rise in the price of Bitcoin and the decentralized finance boom, 2021 seems to have kicked on with the entrance of NFT. With most people joining the craze, certain individuals and firms such as Jack Dorsey and the NBA have all placed one thing or the other for sale, making cash in return.
Marszalek says he is now of the opinion that if famous stars join the NFT craze, millions of followers on their social media would follow them into the sector. He pointed out that it could trigger most of them, if not all of them, into entering the crypto market, branding the famous people as “crypto influencers.” Despite crypto still boasting millions of users worldwide, major entities such as Marszalek think that the market is still quite young and would see more people troop in.
The People’s Bank of China is all but ready to launch the new digital yuan to help the people of china get ahead with the race of digital currency. It intends to allow anonymous transactions of very small amounts to protect the anonymity needs of the clients while remaining within reason. According to one official at the bank, the Chinese authorities are willing to make sure that users get the maximum privacy detail regarding the central bank and their use of the digital currency yuan.
According to the officials at the bank, complete anonymity regarding the people’s Bank of China is not feasible at all as the national digital currency must oblige with the anti-money laundering rules and compliances, and not only this, but these also have to comply with counter-terror financing and anti-tax evasion policies as well. These are some very strict rules that are being implemented by the Chinese regulatory authorities on the use of the digital currency yuan.
Controlled Anonymity and China’s New Digital Currency
Controlled anonymity is the setup that the Chinese government is willing to fly by as long as every transaction performed using the digital currency comply with their strict requirements, the anonymity of the user won’t remain a threat. But be that as it may, the authorities will still know their identity, so the whole aspect of using the digital currency is kind of gone like a poof, right?
Well, according to the Chinese authorities, it is a No because they won’t expose a user’s identity as long as their transactions comply with their strict laws. Even the telecom operators in China, which are connected with the research and development of digital yuan, are not at liberty to disclose any personal data or the users’ contact information.
So, in all its entirety, this approach taken by China is pretty decent as it ensures that the security as well the privacy of the clients remain intact along with the fact that their transactions don’t pose any threat to their strict rules, which the authorities have drafted, so it is kind of a win-win situation here.
from CryptocyNews.com https://www.cryptocynews.com/chinas-attempt-at-creating-digital-yuan-will-offer-the-best-of-privacy-and-security-to-the-clients/
via Bitcoin News
via Bitcoin News Today
To begin offering services to users and investors in the crypto space, crypto exchanges and related businesses need to undergo regulatory procedures. Even though that is mandatory, some firms have evaded that, but the regulators are not taking it easy.
In a new report, the Canadian Revenue Agency has asked crypto exchange based in Toronto, Coinsquare, to submit all the data belonging to its users. With a recent ruling going in favor of the regulator, the company would subsequently allow them to carry out their checks and identify all the information they wish to identify.
Both entities failed to reach an understanding previously
Reacting to the recent ruling, the crypto exchange has released a statement where it pointed out that it has reached an agreement with the regulator. Notably, both of these entities have been at loggerheads on this issue in the past few months. While the CRA was adamant that they had every right to look into customer activities and details, Coinsquare stood their ground, staying various privacy breach terms.
Even though trading crypto comes with some anonymity, crypto exchanges worldwide have reduced that by asking users to sign up and undergo specific KYC registration and verifications. In its statement, Coinsquare pointed out that it would only allow the regulator to access their customers’ activities up until 2014, as stated by the law.
With this happening in the coming days, the CRA would own about 10% of data belonging to users from Coinsquare. According to the ruling, Coinsquare would only be allowed to release their customers’ details who have carried out transactions worth about 20,000 Canadian dollars starting from 2014 until 2020.
CRA and Coinsquare say it is a good ruling
The tax agency across the country is also set to review about 16,500 details of customers on the Coinsquares platform. Despite the CRA spending more than seven months in court over the ruling, this is the first time that it would be against a crypto exchange. Going by the laws of the tax office in Canada, Coinsquare would submit users’ details on their platform while the CRA would conduct their checks and rule out the people who have complied with the laws while placing those guilty under arrest.
As said above, the crypto exchange initially said that it would not send the details overdue to specific privacy concerns. Even though Coinsquare is still of the opinion that the regulator should not go through its client’s details, it mentioned that the ruling was a win to the country’s crypto sector. Even though the CRA has said that the ruling is a good one on their part, too, they have positioned that they may require the crypto exchange to provide them with more information about individuals who are listed as unnamed persons.
Bitcoin has over the years been said to be a speculative asset that would surely grow well, according to retail traders in the market. But that was not the case when the digital asset was first designed. According to the design that Satoshi Nakamoto, the developer, made, Bitcoin was intended as a peer-to-peer payments system that would work efficiently without the need for a financial intermediary as a third party.
With that in mind, people would be open to making their transactions and holding their cash, which is the same thing as their banks. Even though Bitcoin would not suffice where other Currencies would come in terms of payment, the digital asset is gradually growing to body currencies worldwide.
Tesla adds Bitcoin as a payment option
With this at the back of your mind, there are several ways that Bitcoin could help you breach the payment bridge without the need for physical cash. The first is car making company, Tesla. Some months ago, Tesla announced that it had been bitten by the Bitcoin bug as the company pooled close to $1.5 billion of its cash into the digital asset.
During the period, Tesla announced that there were moves to add a Bitcoin payment option to their accepted payments in the future. The future is here, going by the recent announcement of the CEO of the firm, Elon Musk, on Twitter. In the announcement, Musk highlighted that the car-making firm has already added a Bitcoin payment option to their platform as prospective buyers can now use the option to pay for their purchase.
He also mentioned that only United States customers would be opportune to use the feature as they are still hoping for a date to roll out the feature across the globe. Asides, Tesla, we have seen a couple of real estates that have been sold and paid for using Bitcoin. A typical example is Bithome, a company that sells properties and has a base of operations worldwide.
You can use Bitcoin to purchase foods, clothes, and houses
Using Bitcoin to buy other necessities in the household is gradually ranking up there with using physical cash. To that effect, there are tons of stores online that have now started accepting Bitcoin as a mode of payment. A typical example is MtSocks, an online stock where people buy all kinds of stockings with the use of Bitcoin.
Asides from buying stockings, other stores sell high-end designers and receives Bitcoin in place of cash from their users. Moving from clothes and garments, there are other traveling platforms where you can book your flights and pay for hotels online. These people offer affordable and cheap services compared to other platforms that accept payments in cash. Sometimes, the discount and allow users to enjoy so many benefits.
Moving on, there are now outlets that allow you to pay for your foods using Bitcoin. Even though this is no longer the time where one would pay 10,000 Bitcoin for a pizza, you will be allowed to pay a substantial amount for the food you are ordering.
The Central Bank of Nigeria has recently stated that it is not actively discouraging people from trading, and this also applies to cryptocurrency. Apparently, there had been some confusion and misunderstanding regarding the bank’s intentions, as there had been rumors of a crypto ban in the country some time ago. However, these rumors turned out to be just that as the bank has now stated that individuals are free to go about their business and that they have no issues with Nigeria potentially becoming a ‘so called BTC nation.’
Prohibitions only applicable to financial institutions
Upon further elaboration regarding their supposed ban on all things related to crypto in Nigeria, the central bank has now clarified that the prohibition of cryptocurrency was primarily meant for the financial institutions of the country and not individuals themselves. Essentially, the central bank had decided to make a clear-cut distinction between crypto activities being conducted by the banks and those by individual investors.
Simply put, Nigeria is more than open to having cryptocurrency be an integral part of their economy, as long as it is done in an honest and straightforward manner without any fraudulent and illegal activities taking place.
Interest in crypto adoption leads to boom for Africa
As of the time of this writing, Nigeria currently holds the largest BTC trading volume within the region of Sub-Sahara Africa, nearly tripling the volume held by its competitors. Furthermore, Nigeria had also managed to move approximately $9 million in BTC just this past week, an amount that is worth more than the overall combined trading volume of all of Africa.
Naturally, this has all resulted in a boom of sorts for the African cryptocurrency scene, attracting investors from near and far. With players such as altcoin developer Charles Hoskinson on board, there continues to be steady interest in the utilization of use cases of cryptocurrencies within the region. Moreover, according to Hoskinson himself, Africa is about to be transformed into a very important part for Cardano and their respective plans for the future. He concluded by saying that we really shouldn’t be surprised to see multiple headquarters being set up all over Africa in the near future, as investors from all over the world set out to get their piece of the African cryptocurrency craze.
from CryptocyNews.com https://www.cryptocynews.com/central-bank-of-nigeria-says-it-is-not-discouraging-individuals-from-trading/
via Bitcoin News
via Bitcoin News Today
The circus that crypto traders and the Indian government are running regarding banning crypto trading across the country has not yet seen a headway. Some weeks ago, the finance minister gave calming news when he mentioned that they were working towards regulation and not an outright ban.
After that, another news emerged that the country was in line to ban digital assets trading as they continued to work on their digital currency. In light of that, a tech billionaire in the country has made a case for crypto traders across the country, championing the move for just regulation. According to billionaire Nilekani, the new asset class is good for people across the country.
The billionaire wants the government to allow people to hold crypto
Taking to the recording platform, Clubhouse, the billionaire, said that the government should allow people to trade crypto while mentioning that it is a new asset in the financial space. In the report submitted by Moneycontrol, the billionaire was a special guest in an intervention that had Balaji Srinivasan, a renowned crypto evangelist across the country, and Karthik Reddy, another crypto enthusiast and venture capitalist.
Going further, Nilekani said that instead of touting a ban for digital assets, they should endure that both small and medium-scale traders get access to Bitcoin loans. He mentioned that even though he was aware that crypto would not be effective for real-time payments like other payments networks across the country, he said it does not rule out that it is the next best thing.
Presently, Nilekani is the most prominent advocate for digital assets across the country up till this moment. He is also the brain behind most of the technological advancement across the country, making his mark in the digital aspect of the Indian economy.
India still divided over digital assets and regulation
India has enjoyed a not-so-good relationship with crypto since its inception, with citizens not entirely knowing what their leaders think of the assets. While most of the companies are working on blockchain, there is no regulation as of now for them.
The RBI also mentioned earlier last week that citizens would not be allowed to trade crypto and anyone caught trading might face the penalty, giving a hint of jail terms. This came after the finance minister’s comment, as stated above. Despite the RBI and the Minister of finance still divided over their crypto views, the citizens of the country have embraced crypto and blockchain technology.
Previously, the Minister also stated that he was not sure if the court needed to develop a digital currency of their own. Despite that, he welcomed the idea and said that it would be a faster mode of international settlement for the country’s users.
Trading is one of the most profitable industries out there that have made people billions and millions. In order to access online trading markets, one will have to find brokers through which trading activities can be performed. For different markets, there come different trading places. But Genesis11 is one of those few brokers that offer all kinds of trading instruments, including Forex, cryptocurrency, commodity, metals, and ETFs. My major purpose behind doing the Genesis11 review is to make things clear about it so that newcomers also join it as their trading partner.
What is Genesis11?
It does not need much explanation as it is already famous in the trading universe. So, I will elaborate on each and every feature of it in a very brief manner so that you can get an idea of it. The more you know its roots, the more you understand why it is established. It is founded by a group of successful people whose only aim is to target those traders and investors who are passionate about earning via trading different types of objects.
After getting an unlimited access to Genesis11, a user can get access to an unlimited number of trading objects without any kind of hurdle or obstacle as its account managers will guide you to reach new highs of success. The cybersecurity standards of the broker are highly functionally, which resist any kind of outer cyberattacks or attempts.
The Functionality of Algo Trading
Algo trading is a new form of trading that works basically on the principles of algorithms. Algorithmic trading is a bit different from the traditional type of trading as it works faster and in an accurate manner, thus avoiding the possibilities of mistakes. The real-time data of time, volume, and price help traders and investors enter or exit the markets, making every trade a winning thing. With Algo trading’s help, a lot of people have earned a lot of money, which was impossible with the conventional type of trading. So, you must know that there is a lot of difference between Algo trading and simple one, and you are now in a better position to decide.
Five Investment Plans
There is a total of five investment plans which you should keep in mind before entering the markets. Each of these accounts has a different package of features and functionalities. One should select an investment plan keeping in mind his needs and requirements as the minimum investment is different for all five accounts.
Silver
Silver is a type of account perfect for those traders who are new in the trading world because it has all the features needed for newcomers. It also offers one to one educational facility that makes things easy for traders as training about trading is necessary. What’s more, the facility of news is an additional thing that makes trading more interesting and charming.
Gold
In order to open a gold account, the minimum investment limit is only 25,000. Customer service (24/5) is available with this investment plan that makes things easier as support agents utilize their years of experience when giving a piece of advice to a trader. A personal account manager is available at your service who tries to maximize the potential of trading by telling investors when to make important decisions. The VIP desk gives will ten signals per month to the account holders of the gold account.
Platinum
Investors must have at least 50,000 as a number of funds if they are considering opening the platinum account. It is recommended to those people who have a broad knowledge of the online trading markets as the amount will be lost if they cannot manage it properly. VIP desk is bound to provide signals to traders daily as it is their responsibility to provide services to the platinum account holders in the best possible way. Moreover, no withdrawal fees are fixed for this type of account, as included in the premium category.
Signature
This is the fourth investment plan in a row and is the most advanced than the previous three account types. It is specially made for those traders who are ready to bet in big amounts. The features of the Signature account include an unlimited 365 trading dashboard, trading news, no withdrawal fees, credit line for premium trading events, one to one basic training, 24/5 customer support, daily signals from the VIP desk, private banking, leverage up to 1:300, first priority for hedging strategies, and facility of insured contracts.
VIP Plan
For VIP, the company has not outlined the features to the public as they will be known when an interested investor will approach the team of the broker. As it is the most premium out of all, the minimum deposit limit is also increased. One can open this account type with an amount of 1,000,000, which though a big amount. It can open the gates of unlimited opportunities to traders and investors across the world.
Easy to Use Platform
The platform of Genesis11 is well designed, keeping in mind the needs and requirements of professionals as well as new traders. The major purpose behind this is to make the whole process easy so that people would not confront any kind of difficulty, and they feel safe while using it. The entire interface is charming and attractive to users, which do not let them move away once they land on this platform. There are many features of it that are recognized by the old as well as existing users of the broker.
Once you get to know about it in detail, your heart will not go away at any cost. Everything is placed at its right place, and you do not wander here and there in search of things. Things are presented in a clear way as one should not get confused while using the platform for trading a wide range of assets. There are many other things which I cannot mention here. You will see when you open an account with it.
Privacy of Users Matters
I know you think a lot when you decide to open an account with the broker, as it is your right. The online world is accumulated with many scam projects, and one will be robbed out if he pays high attention to privacy. But there are some platforms, which are known for their reliable nature and trustworthy nature. Genesis11 is one of those brokers as it takes full responsibility for users’ privacy and also takes guarantee of it. Such a high-level guarantee on the part of the broker gives a feeling of mental peace to users of the company.
Moreover, it has a good track record as no one ever gets manipulated using his personal information. The private information of users is very sensitive in nature for users, but it is very economical for a scam broker that makes money on selling customers’ sensitive data to third parties. If you are privacy conscious and afraid to join any broker due to privacy concerns, then Genesis11 is one of the best brokerage firms waiting for you. If I tell my experience with it, then you will be shocked to know that it tackled me in a very professional manner.
Start Your Journey with Genesis11
It is very easy to start your trading journey with the broker as it lays out a very comprehensive procedure to go through it. The whole process divides into three phases, which are needed to be followed to become an official member of the trading firm.
Firstly, you need to go for one investment plan out of five. As I told you earlier that one should pick an account before surveying his trading requirements. Each investment plan has special features which satisfy the needs of different classes of traders.
Secondly, you need to decide how much money you are going to put into your account wallet. As it is the first step to go with the broker, and the amount of deposit depends on the account, which a user selects for his trading journey. Do not take big risks if you do not have adequate knowledge about this field. You had known many incidents when people lost a huge amount of money due to a lack of trading knowledge. But on this platform, you have an additional edge as its education section and account managers guide step by step in doing trading activities.
Finally, you are eligible to start trading a wide range of trading instruments. You can take advice from Genesis11 account managers at the time of important decisions. A lot of help and guidance from the team of the broker makes traders journey simple and easy. If you have a question in mind before creating an account with it, then you can contact the support team and ask for information.
Transparency in Real Sense
Many trading platforms say that they provide transparency in everything they offer to customers, but it is true to some extent, as most of these companies lie to users when giving information about fees and commissions. A transparent and authentic relationship between the broker and its customer base is beneficial for both parties.
Genesis11 has made everything clear about its services and activities. Fees are deducted, which are written on the website, and nothing can be more deducted from users. This is because it follows the principle of transparency in everything it does. It does not let users pay hidden fees as everything is open to users. It is not only transparent in fees, but in everything it delivers to the customer base. It is also authentic when it tells its rules and regulations regarding deposits, withdrawals, privacy, and security of funds. If you feel something puzzled or confusing, you can contact the broker’s support agents to ask for details.
Customer Care Centre
One of its major priorities is to take care of its customer base and provide a solution to every problem the users face while trading assets. A team of experienced people has taken charge of the customer support desk that maintains its integrity and provides mental satisfaction to users. The online reviews about Genesis11 reveal that its customer support is highly functional and active, which give us a positive image of the customer desk. There is an easy method to connect with the support agents as you just need to write a subject matter of your problem and then click the send button. Furthermore, one can also write their issues via the given email address. The staff behave in a very polite manner when listening to the queries of customers and then respond on an urgent basis so that traders will not get demotivated. The interaction between Genesis11 and its users is also highly secured.
Trading Platform: Web Trader
For different trading types of instruments, Genesiss11 gives people an option to trade via Web Trader. It can be opened on any device as it does restrict or put limitation. Due to easy access, newcomers can enjoy the benefits of things that are impossible with other trading platforms. With this, it makes your trading process 100% effective and reliable. Trading of forex, crypto, metals will become a go-to thing with the assistance of Web Trader. Real-time data is provided, which help predicting authentic price values, thus ultimately leading towards high profit. Charting and tools is another thing that is provided with the broker. As you know, a true prediction is impossible without tools and good usage of charts telling the past data. Trading is a very complex and difficult task, but the trading platform of Genesis11 has made the whole thing easy.
Access to Trading Education
No one can become professional without a good schooling or genuine education. The same case applies in the trading world, where one cannot make millions without becoming a professional trader. To become a professional trader, one should get education from an authentic place or get an online course. But Gnesiss11 has removed this tension from the minds of people as it has rolled out a perfect educational plan for its user base. In this education section, everything is explained, which is necessary for earning a lot of profit on the trading of assets.
In this first row, the company has pasted a trading glossary where the answer to every question is present. Furthermore, an explanation about every trading term is written there in a clear way so that basic concepts of people should be cleared. In this glossary, users can find information about everything related to trading.
FAQ section of the broker has answers for all your queries and questions. It is the accumulation of solutions and answers which are mostly asked by the users. It lets you find quick solutions in case you stuck on the website.
Webinars and videos also play an important role in making people educated about trading. Video about any topic is listed on the site in which information is given in a very professional manner. Webinar session is an advanced thing, which enables you to join with the experts of the company. Forex signals are also provided along with other features to help people in their difficult trading journey.
Invest in a Wide Range of Instruments
On the platform of Genesis11, you not only invest in one asset, but you are open to a wide range of assets. It is a versatile platform that lets users access a wide selection of markets. Users of Genesis11 can trade assets, including cryptocurrency, Forex, metals, indices, and CFDs. All these trading instruments are known for giving high returns on investments.
Cryptocurrency is now a top trending instrument as it can boost investors’ profit potential to many folds. Bitcoin is the leading cryptocurrency both in price value and trading volume, and it has outperformed the world’s major assets in performance. Soon after a worldwide recognition of Bitcoin, many other cryptocurrencies, such as Ethereum, Bitcoin Cash, Litecoin, and Cardano, stepped into the world. The global crypto market has also reached up to $1.5 trillion, and it is successfully heading towards $2 trillion. Bitcoin’s market cap is also near $1 trillion. According to experts, it would replace the gold’s market cap by claiming $10 trillion.
The forex market is also a big market where investors trade trillions on a daily basis. It is also a volatile market but not like the crypto market. A lot of currency pairs are preset at the service of traders and investors, which makes Genesis11 a top-notch trading company.
Metal trading is another attractive thing that could also make people healthy if they utilize them in a proper way. Besides gold, silver also has a big potential, and top investors of the world have also added silver to their portfolios.
Conclusion
Genesis11 is a regulated trading place for instruments, including cryptocurrency, forex, CFDs, Forex, and metals. Existing users are happy with its trading services as it takes care of their needs. As a versatile trading broker, it opens new doors of opportunities for traders and investors.
The online world is a vast one that offers people a horde of opportunities for trading and making money. These can be extremely exciting because you know there is a potential of making high returns and achieving your goals. The most important part is that you are able to do so in the most convenient way i.e. from the comfort of your home. If you have read some of the success stories, then you are aware that there are people all across the world who have managed to make fortunes through online trading opportunities and more. There are numerous brokerages that can be found and they offer their services to people in different corners of the globe.
While it is true that there are some genuine opportunities that exist, it should also be noted that there is an equal number of fake offerings and platforms that can be found. You will discover that there are a number of online brokers that are just scammers and are only looking to take advantage of as many people as possible. Of course, when you have to face this harsh reality, it can be immensely stressful and it can be quite difficult for people to come to terms with it. The worst part is that you will soon realize that you are certainly not alone and it has happened to many others before you.
As a matter of fact, the number of such online scams only continues to increase with each passing day and this is something that you definitely need to worry about. It means that these scammers are enjoying free reign and there isn’t any possibility for you to get your money back. Who wants to part with their hard-earned money like this? Obviously, no one wants to find themselves in such a situation, but if you do, there is no need to feel hopeless or ashamed. Yes, there was a time when you couldn’t do anything about it, but times have changed now.
Now, you can find solutions that can actually help you in recovering the money you thought you had lost forever. Some people do try to use a few channels in recovery, such as contacting their bank or speaking to a lawyer, but their case doesn’t really go anywhere because these organizations don’t have the expertise needed for dealing with online scams. So, where do you find this? Luckily, we live in a technologically advanced world, which means that it is not very difficult to find a solution to your dilemma.
All you need to do is search online and you will come across services that specialize in scam recovery. Do these exist? Indeed, the increasing number of online scams have prompted the launch of these services and they can help you in navigating the process of recovering your money. However, this doesn’t mean that you proceed without caution here either, because scammers can also use this opportunity to trap you. Therefore, when you are hunting for a scam recovery service, you need to be thorough and look for a few things before you sign up.
Amongst the various options that can be found is Claim Justice, which is based in Tel Aviv, Israel, and is providing its services to people in different parts of the world. With Claim Justice, not only can you get help in recovering money that you have lost from scams, but they also provide assistance in other areas that can actually help you in preventing any such scams from happening to you again. AWL Technology LTD is the parent company behind Claim Justice and introduced this scam recovery service for all those people who try to make money online, but have the bad luck of ending up with scammers.
What will you find at Claim Justice? Let’s take a look below:
Claim Justice offers a free consultation
You have just been scammed and now you are looking for a solution. During your research, you have come across Claim Justice and are now trying to decide whether to use their services or not. It is perfectly logical for scam victims to be skeptical about any possibility of recovery because we have been hearing from the beginning that it is impossible to recover lost funds in online scams. You are afraid to have any expectations because you don’t want them to be dashed. It is difficult to trust any company and pay them anything because this could be another scam.
Luckily, you don’t have to worry about this with Claim Justice because the company has chosen to provide potential clients with the first consultation completely free of cost. This is the perfect opportunity for anyone to get in touch with the Claim Justice team and share their case details with them. You can talk to their team and assess whether they appear to be capability of handling the matter, or are just leading you on. If you don’t feel comfortable, you don’t have to take the process forward and can just turn away.
There will be no worries about any more losses because you haven’t paid for this consultation. The Claim Justice team uses this consultation to hear out your case and give you an idea of their process and to answer any questions you might have. They are straightforward and transparent and do not give you any vague answers or try to mislead you in any way. After the first consultation, you can decide whether you want to take the matter forward or you want to continue looking at other options.
Claim Justice has a capable team
When you sign up for a business’s services, who do you think provides them? Of course, it is the employees and people who are working at the company and they are the ones who will deliver what you are after. Therefore, if you want to determine whether the company is good enough for you or not, you should always look towards their employees. It will provide you with a close look at exactly how capable they are at doing what they claim. How does Claim Justice fare in this regard?
Since they are well aware of how these online scams operate, they have made sure that their team comprises of professionals and experts who are also well-versed in legal loopholes and other processes that make it possible to trace these scams and to get a refund. They have years of experience under their belt and have studied the markets inside and out in order to identify what aspects can be used for recovering any funds that are lost to the scammers. Due to their impressive skills, they are less likely to make mistakes and they are also more than willing to provide you with any guidelines or help you might need to stay safe from online fraud in the future.
One of the best things about the Claim Justice scam adviser team is that they believe in communication. They do not leave you in the dark while they are handling your case and will keep you updated throughout the process, so you don’t have to worry or stress anymore. They will ask you to be upfront with them about all the details and also provide any necessary documentation that’s needed for pursuing the matter. As long as you are forthcoming, there shouldn’t be a problem in taking the matter forward and you will be able to see results as quickly as possible.
Claim Justice doesn’t have exorbitant charges
Why should you pay more money to recover your lost money? A lot of people don’t bother contemplating this option because they think that the scam recovery service may have high fees and commission, so it doesn’t make sense to bother with recovery as you will end up paying most of it to the recovery service itself. However, it is important to understand that the same does not apply to every scam recovery service you will find. Sure, there are some out there that do have excessive fees and other charges, but mostly, these are also scams that are just trying to make a profit off of you.
The good news about Claim Justice is that you don’t have to worry about exorbitant charges when you decide to hire them for recovering their funds. They are open about what they charge and will be more than willing to discuss this with you, something that a lot of companies are not likely to do. As mentioned earlier, there are no charges associated with the first consultation and this remains the case. They don’t spring up any hidden charges on you. Should you decide to use their services after the first consultation, you will be asked to make an initial payment.
This is a very small amount and once you have cleared it, Claim Justice will begin pursuing your case and will put in every effort to ensure that you can get your money back. As a matter of fact, they have an incentive to make sure this happens, since they will take the rest of their fee in the form of a commission that’s applicable on the amount of money they recover from you. Hence, the more they recover, the higher their commission. Therefore, they will try their level best to make sure you are able to get what you are after.
The commission itself is also quite reasonable and can make scam recovery worthwhile, thanks to Claim Justice.
Claim Justice also has good reviews
In this age of the internet, how do you do any of your shopping? It has become the norm for people to do their research online about any product and service because there is a lot of information to be found. This could be about different features and the pros and cons of the product or service in question. It can save people from making some bad decisions and wasting their hard-earned money. When you have already suffered financially because of an online scam, you definitely don’t want to face a similar situation again.
Unfortunately, this is exactly what will happen if you choose a scam recovery service without putting any effort in research and end up with yet another scam. Hence, it doesn’t make sense for you to not take advantage of the internet and the information it provides when it is so easily accessible. Before you hire any service for recovering your money, you need to check what kind of reviews they have received. These provide the best insight because they come from people who have actually used the service in question, which means they can give firsthand information.
No business will ever highlight their own flaws, so reviews are a great way of discovering them and deciding whether you want to use their services or not. As far as Claim Justice is concerned, you will discover a lot of reviews that they have received regarding their services and will be pleased to discover that they are raving about the company. There are plenty of people out there who had become victims of one online scam or another and they trusted Claim Justice to help them.
The company certainly didn’t disappoint them and helped them in recovering the money they had lost. It is encouraging to read such reviews and you can go through them thoroughly to make sure they are legitimate and provide detailed information about what to expect.
From this quick assessment, it is apparent that Claim Justice knows what it is doing. You will also come to know that they have a very simple procedure for sign up and don’t require any complex procedures on your behalf. They assign a dedicated member to handle your case and you will stay in touch with them during the process. If you have any problems, they also provide prompt and excellent customer support that you can use. They will answer your questions and will do their best to make the entire scam recovery process effortless for you.
If you are thinking about trading on the internet, you will run into quite a few challenges. The biggest challenge that you will face is of signing up with the right people. If you are not already aware, I should tell you that there many entities on the internet that will make your trading career not as cool as you want it to be. The biggest problem I see with online platforms is that they are not so friendly to new traders. For this reason, many news traders can’t even star their trading career. However, I think you can make a difference by signing up with Avalon-WM.
This is the platform that I can recommend to you, my friends, and anyone who is interested in trading online. Let me give you some reasons why.
Tight Spreads and Big Leverages
First of all, you should get an idea of the trading conditions before you sign up with any company in the world. Trading conditions, in short, mean how much money you will be able to make when you become a trader. You see, certain conditions with online platforms are so tight that you can’t even make money even when you are successful with your trades. Think about an instance where you are dealing with loose spreads. Loose spreads mean that you will lose a lot of the money in covering the spreads no matter which asset you trade. This means your profits will shrink too.
In addition to that, if you don’t have leverages or very small leverages, you can’t enter big trades. As a result, you will make small profits on your trades, which will mean you will take too much time in reaching your financial goals. You can make it all easy for you by signing up with the right team, and that’s where Avalon-WM comes in. It provides you with a platform where you can enjoy big leverages on your trades while covering very tight and competitive spreads.
Account Executives
An issue that I have seen many new traders facing is that they are not sure about things even when they have signed up. They are already in two minds before they spend their money. Now, once they sign up with a broker, they know they have already spent the money. However, at this point, they don’t want to take risk with that money. Not to mention, they don’t know where to start as a trader. I think the account executive feature from Avalon-WM is there to overcome this particular issue. I have not seen any other online platform offering this particular feature.
With this feature, you qualify to have an account executive assigned to you right from the beginning. This particular professional will help you design your financial goals and then create a trading strategy that will benefit you in the most appropriate manner. You can stay in touch with this person on the phone and talk about your trading strategies. This way, you will know that there is a professional who will always keep you in the right direction and prevent you from losing track when you become a trader. I think this service alone from this company makes it better than any other out there.
Education for Your Learning
Learn to trade before you invest your money in any asset. There are many different types of assets that you can trade when you sign up with Avalon-WM. The good thing is that you have to understand the core of trading once and then everything will be fine. If you know how trading works and how the prices of the different types of assets in the market move, you will be able to make better predictions. Of course, you need a lot of different tools at your disposal to make your predictions right. Again, you have all of those tools from the broker.
The best thing is that you have a lot of training material available to you so you can learn how to trade and make money from this amazing activity. You can learn through the means that make the most sense to you. If you like to learn through visuals, I think you are better off with videos. If you like to take your time with things, I don’t think there is anything better than ebooks. You can also be a part of webinars, in which you can hear people who are best at trading for many years. They can teach you the trading strategies that you can’t learn from elsewhere.
No Fees on Deposits
You might not really know how good that feature is unless you become a trader. At this moment, you might not understand the value that this feature can offer. However, once you have become a trader, you will understand the importance of not having to pay the fees that are always imposed on your deposits. Don’t be surprised when you have to pay the same fees on your withdrawals as well. However, when you are with Avalon-WM, you can rest assured that no such fees have to be paid.
That’s a completely different story with other companies. Most of the brokers that I signed up with in the past did charge a lot of fees and service charges on my deposits and withdrawals. It was a breath of fresh air when I found out that I did not have to pay any fees on my deposits. It is not a coincidence or glitch. You will find out from the website that Avalon-WM covers all of these fees for you.
Final Thoughts
I don’t think I have seen another trading platform as friendly for traders as this one is. I can talk about a lot of other things that I love from this company but I think it would be best if you figured those things out yourself. All you have to know is that Avalon-WM offers you some really flexible trading conditions while also allowing you to make money by lowering its spreads and elevating its leverage levels.
