Like a pair of polka-dot socks, the cryptocurrency Polkadot (CRYPTO: DOT) offers a combo of functionality and pizzazz that may not be as flashy as Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH), but is still more than stylish enough to turn heads. Oh, and Polkadot helps Ethereum and Bitcoin work with each other and together with other crypto networks. That's a pretty cool place to be in the expanding crypto universe.

Thanks to its recent market performance, relentlessly expanding ecosystem, and crucial role in the promising Web3 project, Polkadot could be a crypto that not only keeps your feet warm, but puts a spring in your step.

So if you're looking for a solid addition to your cryptocurrency portfolio, Polkadot looks like this month's best idea.

As a versatile blockchain protocol, Polkadot is aligned with the zeitgeist in the crypto world. The platform's ultra-flexible ecosystem is growing rapidly, and now includes more than 750 full-time developers and 2,000 total developers working on projects.

These developers are expanding their adoption and use cases of Polkadot's Cross-Consensus Message Format (XCM), with the number of XCM channels increasing by 60% in the first quarter. This crucial data format helps Polkadot connect to other blockchains, allowing various digital coins and tokens to play a part in the apps and services being built.

Polkadot has also undergone 19 successful upgrades since 2022, showing its adaptability and resilience amid the cacophony of crypto competition. Moreover, this long list of upgrades was executed without forking the Polkadot network's code base.

The total number of Polkadot parachains -- individual blockchains connected to the main Polkadot network -- increased by 17% in the first quarter. A whopping 133 million DOT (currently worth $720 million) has been committed to the parachain auction system since November 2021. In short, Polkadot's developer community is thriving.

A key differentiator for Polkadot is its place in the ambitious Web3 project, which aims to create a decentralized, user-controlled internet. Polkadot's interoperability-focused design allows for seamless communication between different blockchains, bridging the gap between various decentralized networks. When every system can work together, everybody wins.

This unique quality positions Polkadot as a critical player in the evolving Web3 landscape. Decentralized applications and services are set to redefine how we interact with the digital world. And Polkadot provides the digital glue that keeps this vision together.

Though as of Monday, its price had fallen by 16% in 30 days, Polkadot was up by 22% year to date. The platform has numerous promising projects on the front burner. For example, the KILT Protocol parachain just announced a partnership with Deloitte Consulting -- part of the world's largest management consultancy. This collaboration will create reusable digital credentials for know-your-customer (KYC) and know-your-business (KYB) processes, opening up new markets and use cases for Polkadot's technology.

Polkadot's financial platform is robust, too. Its circulating market cap stands at $6.4 billion, making it the 11th-largest cryptocurrency.

Investing in cryptocurrencies is not just about chasing the hottest trend. Smart investors understand the importance of diversifying their portfolios and selecting assets based on merit, potential, and long-term viability. With its solid ecosystem, innovative projects, and vital role in the Web3 initiative, Polkadot seems to have what it takes to be a valuable addition to your investment portfolio.

In fact, I would argue that Polkadot itself is a diversified asset, sort of like an index fund that tracks its market. This sophisticated network serves as the connective tissue between many blockchain systems. Polkadot is the Web3 Foundation's official blockchain protocol, and it should gain value as the public internet evolves on a global scale.

It's impossible to predict the future with certainty, but Polkadot looks like a strong contender in the cryptocurrency space.

So as you ponder your investment choices this May, don't forget to do your due diligence and consider the plethora of factors that could influence your decision. And while you're at it, take a moment to appreciate the colorful pattern of possibilities that Polkadot brings to the table -- it just might be the key to a brighter financial future.

Anders Bylund has positions in Bitcoin, Ethereum, and Polkadot. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.

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Here's My Top Cryptocurrency to Buy in May - The Motley Fool

AI is achieved by simulating cognitive functions like perception, reasoning, and learning in machines that require complex mathematical models. In cryptocurrency trading applications, AI can be trained on historical price movements and market trends data to predict future values accurately.

The beauty of AI lies in its ability to adapt quickly to changing market conditions while making fast real-time decisions based on large datasets with minimal human intervention. This makes it a powerful tool for traders looking for an edge over their competition.

However, despite its many benefits in crypto-trading environments, there are concerns over the ethical implications of using AI-driven systems without proper regulation or oversight. As such, industry stakeholders must work together towards establishing responsible frameworks for integrating this technology into financial markets worldwide.

How AI is Used in Cryptocurrency Trading

Artificial Intelligence (AI) has revolutionized cryptocurrency trading by providing traders with tools to analyze a vast amount of data and make better investment decisions. AI algorithms use machine learning techniques like neural networks, deep learning, and reinforcement learning to study market trends, analyze historical data and identify patterns.

One way that AI is used in cryptocurrency trading is through algorithmic trading bots. These bots can execute trades automatically based on preset rules or indicators. They can also respond to real-time market changes, which allows them to buy or sell assets quickly.

Another way that AI is transforming the crypto-trading landscape is through sentiment analysis. This technology uses natural language processing (NLP) algorithms to scan social media posts, news articles, forum discussions and other online sources for information relevant to specific cryptocurrencies or markets. The insights gathered from this analysis are then used by traders and investors alike as part of their decision-making process when buying or selling digital assets.

Moreover, predictive analytics helps traders anticipate future market trends by analyzing past performance data using complex mathematical models such as regression analysis and time series forecasting. These models allow traders to generate accurate predictions about future price movements in various markets which they could use for making profitable investments.

The integration of Artificial Intelligence into cryptocurrency trading has had a significant impact on how it operates today compared to just a few years ago; it provides new opportunities for investors while reducing risks associated with traditional methods of investing in digital assets.

The Benefits of AI in Cryptocurrency Trading

The benefits of using AI in cryptocurrency trading cannot be overstated. One major advantage is the speed at which trades can be executed. With AI, trades can be made in real-time based on market trends and data analysis.

Another benefit is the accuracy of predictions that come from utilizing AI algorithms. These predictions are not just based on historical data but also take into account current market conditions, making them more reliable.

Moreover, AI can help traders make informed decisions by analyzing vast amounts of information within seconds. This means that they can quickly identify patterns or anomalies that may affect their investments.

AI-powered trading systems also reduce human error as they operate with pre-defined rules and algorithms, eliminating emotional biases and irrational decisions often associated with human traders.

Furthermore, by automating repetitive tasks such as monitoring numerous markets simultaneously or tracking multiple cryptocurrencies' prices at once, traders have more time to focus on other essential aspects of their investment strategy.

The benefits of incorporating AI into cryptocurrency trading are clear: faster transactions, greater accuracy in decision-making processes and reduced errors all contribute to a better return on investment for traders.

The Risks of AI in Cryptocurrency Trading

While AI has brought about numerous benefits to cryptocurrency trading, it's important to acknowledge the potential risks involved. One significant risk is the possibility of relying too heavily on AI algorithms without proper human oversight and intervention.

AI systems are only as good as their programming and may not always account for unexpected events or market fluctuations. This could lead to automated trades based on faulty data analysis resulting in significant financial losses.

Another risk is the potential for cyber attacks targeting AI systems used in cryptocurrency trading. Hackers can exploit vulnerabilities in these systems and manipulate them for their own gain, potentially causing chaos within the market.

Additionally, there is a risk of unethical use of AI by traders who might use it to engage in insider trading, money laundering or other illegal activities undetected by regulators.

Reliance on AI technology may also lead to an overreliance on correlation-based models that do not necessarily capture nuances unique to individual markets leading ultimately into catastrophic consequences.

While there are undeniable benefits of incorporating AI into cryptocurrency trading strategies one should be mindful of its limitations and associated risks.

The Future of AI in Cryptocurrency Trading

The future of AI in cryptocurrency trading is promising as technology continues to advance. One of the potential applications for AI in crypto trading is portfolio optimization, where it can analyze market trends and make decisions based on data-driven insights.

Another aspect that could be revolutionized by AI is risk management. With machine learning algorithms, traders can predict possible risks and take preventive measures before they occur. Additionally, AI-powered chatbots may also become more prevalent in the industry to provide 24/7 customer support.

As blockchain technology becomes more integrated into various industries, there will likely be an increased demand for professionals with expertise in both cryptocurrency and artificial intelligence. This means that educational programs focused on these topics will also continue to emerge.

However, there are still some challenges that need to be addressed before widespread adoption of AI in crypto trading occurs. One concern is the possibility of bias within algorithms leading to inaccurate predictions or unfair practices.

The integration of AI into cryptocurrency trading has already shown significant benefits and holds great potential for further innovations in the future.

The integration of AI in cryptocurrency trading has been a game changer for investors and traders alike. With the ability to analyze data faster and more accurately than humans can ever do, AI has become an essential tool for making informed investment decisions.

The benefits of using AI in cryptocurrency trading are numerous, including increased efficiency, reduced risk, greater profitability, and improved decision-making. However, it is important to remember that there are also risks associated with using this technology.

As we move towards a future where AI becomes even more advanced and integrated into our daily lives, we can expect to see even more exciting developments in the world of cryptocurrency trading. For now though, investors should continue to educate themselves on how they can leverage this powerful technology to their advantage while minimizing their exposure to potential risks.

The use of AI in cryptocurrency trading represents a major step forward for both individual investors as well as financial institutions looking to stay ahead of market trends. Whether you're a seasoned trader or just starting out with your investments - there's no doubt that immediate connect with cutting-edge technologies like AI will help you unlock new possibilities and achieve success like never before!

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How AI Is revolutionizing Cryptocurrency trading - Business Insider Africa

The world of cryptocurrency is a complex yet exciting realm, brimming with innovation and new ventures. One of the most compelling projects to emerge from this landscape is LCX, a regulated cryptocurrency exchange platform. LCX Crypto, or the LCX Coin, serves as the backbone of this vibrant ecosystem, offering a multitude of services to its users, ranging from trading to asset management.

The LCX Exchange is a unique establishment within the blockchain and cryptocurrency field. It offers an infrastructure that caters to the trading, management, and analysis of digital assets, including the proprietary LCX Coin. Functioning within a robust regulatory framework, this exchange ensures both security and compliance for its users, building a trustworthy environment.

The LCX Coin or LCX Token is the fuel that drives the LCX platform. Serving as a utility token, it plays a significant role in the platforms operations, whether for service payments or platform governance participation. The LCX Price, influenced by various factors like supply, demand, and overall crypto market conditions, is a key element for investors to monitor.

Blockchain technology forms the foundation of LCX and all its operations. Its the technology that ensures transparency, security, and decentralization within the LCX Network. It facilitates the creation and management of LCX Tokens and provides the infrastructure necessary to support the myriad of LCX Trading Pairs available on the exchange.

LCXs Blockchain technology is a testament to the innovative spirit that permeates the crypto space. It showcases how digital currency and blockchain networks can synergize to create a platform that brings immense value to users and contributes to the crypto markets overall growth.

Trading in LCX Crypto is an exhilarating endeavor. The LCX Exchange offers a wide range of LCX Trading Pairs, enabling users to trade LCX Token for various other cryptocurrencies. The trading volume on the exchange reflects the liquidity and popularity of the LCX Coin.

Investing in LCX Coin necessitates a strategic approach. Understanding the tokenomics of LCX, keeping abreast of LCX Crypto news updates, and closely monitoring the LCX Price are all critical components of this strategy. The LCX Market Cap, an indicator of the cryptocurrencys overall market value, is another important factor for investors to consider.

LCXs liquidity is another critical aspect that impacts its trading and investment appeal. High liquidity indicates a healthy trading environment and is often associated with lower transaction costs. The LCX Liquidity Pools, part of its DeFi (Decentralized Finance) offerings, play a significant role in maintaining the liquidity of LCX Tokens.

Security is a paramount concern for any digital asset holder. To this end, LCX provides a secure wallet for the safekeeping of LCX Tokens. The LCX Wallet employs advanced blockchain security measures to ensure the utmost protection for users digital assets.

LCX also prioritizes regulatory compliance. It functions within a legal framework that ensures adherence to all necessary legal requirements. This commitment to regulation and security contributes to LCXs reputation as a trusted platform in the crypto marketplace.

Investing in crypto assets like LCX Coin can offer significant returns. However, its crucial to understand the LCX Investment landscape, including the coins price movements, market cap, and liquidity. The LCX Tokenomics, which encompass the tokens supply, distribution, and other economic factors, are also vital in shaping investment strategies.

LCX has a clearly defined roadmap that outlines its plans for the future. This includes expanding its platform, forging new blockchain partnerships, and continuously refining its services. The adoption of LCX in crypto marketplaces is projected to increase, thanks to its innovative features and commitment to delivering user value.

LCX is also focusing on improving the scalability of its network. Scalability is crucial to ensure the platform can handle an upsurge in users and transactions without compromising speed or security.

An essential factor in the success of any cryptocurrency is its liquidity. LCX liquidity refers to the ease with which LCX tokens can be bought or sold without affecting the general stability of its price. High liquidity levels are generally associated with lower volatility, making the crypto asset more suitable for use in transactions.

LCX has implemented mechanisms such as LCX Liquidity Pools to ensure a stable liquidity level. These pools are smart contracts that hold pairs of tokens, enabling users to trade between them directly using the LCX Exchange.

In the world of cryptocurrencies, understanding tokenomics is key to making strategic investment decisions. The tokenomics of LCX, or how LCX tokens are distributed, used, and managed within the ecosystem, is an essential aspect for investors to study.

The supply of LCX tokens, their potential for future value, and the demand within the market are all part of this complex equation. Understanding these factors can help investors predict future trends and make informed decisions about their LCX investments.

Market capitalization, or market cap, is an indicator of a cryptocurrencys market value. The LCX Market Cap is calculated by multiplying the current LCX Price by the total supply of LCX tokens in circulation. Keeping an eye on the LCX Market Cap can give investors a sense of the scale of LCX as a cryptocurrency and its ranking in the market.

LCX Crypto is not merely another digital currency. It forms part of a larger, interconnected ecosystem that exploits blockchain technology to provide a regulated, secure platform for trading and managing digital assets. Whether its trading LCX Coin, understanding its tokenomics, tracking its price, or following its latest developments, LCX offers a captivating entry into the world of cryptocurrencies.

In a rapidly evolving digital landscape, LCX stands out with its unique amalgamation of blockchain solutions, asset management services, and a regulated platform. It exemplifies what can be achieved when innovative technology is married with stringent regulation in the world of digital currencies. LCX Crypto, through its robust features and promising roadmap, offers a beacon of potential in the ever-expanding universe of cryptocurrencies.

LCX Crypto, or LCX Coin, is the native token of the LCX platform, a regulated cryptocurrency exchange. The token serves various functions within the platform, including service payments and participation in platform governance.

Blockchain technology forms the backbone of LCX, ensuring transparency, security, and decentralization within the LCX Network. It facilitates the creation and management of LCX Tokens and supports the myriad of LCX Trading Pairs available on the exchange.

LCX Crypto can be traded on the LCX Exchange, which offers a wide range of trading pairs. The trading volume on the exchange reflects the liquidity and popularity of the LCX Coin.

Investing in LCX Crypto requires understanding the tokenomics of LCX, monitoring the LCX Price, and keeping up to date with LCX Crypto news updates. Other important factors include the LCX Market Cap and the liquidity of the coin.

LCX provides a secure wallet for the safekeeping of LCX Tokens. The wallet uses advanced blockchain security measures. Additionally, LCX operates within a legal framework, ensuring adherence to all necessary legal requirements.

High liquidity indicates a healthy trading environment and is often associated with lower transaction costs. LCX has mechanisms such as LCX Liquidity Pools to ensure stable liquidity levels.

LCX has a clear roadmap for the future, which includes expanding its platform, forging new blockchain partnerships, and refining its services. LCX is also working on improving the scalability of its network to handle an increase in users and transactions.

The LCX Market Cap, calculated by multiplying the current LCX Price by the total supply of LCX tokens in circulation, is an indicator of LCXs market value. It gives investors a sense of the scale of LCX as a cryptocurrency and its ranking in the market.

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LCX Crypto: Unraveling the Future of Regulated Cryptocurrency ... - Blockchain Reporter

State election officials are fining the Democratic Party of Oregon a $15,000 late filing fee after the party changed the donor of a hefty campaign check.

The state also plans to monitor the Democratic Party of Oregons financial disclosures to ensure campaign finance laws are being followed in the future. The secretary of states office initially proposed fining the party $35,000 after a three-month investigation but lowered the amount.

While the financial penalties are significant, the most important part of the settlement are the numerous oversight requirements the DPO has agreed to, including spot checks by Elections Division investigators, to ensure compliance with all state campaign finance laws, Cheryl Myers, acting secretary of state said in a statement. In too many cases, people who violate campaign finance laws pay a fine and move on.

But if for some reason the DPO doesnt comply with the oversight requirements reached in the settlement, they could be on the hook to pay a larger fine up to $50,000.

The state was prompted to take a closer look at $500,000 contribution in question after The Oregonian/OregonLive reported the contribution was not actually from Prime Trust, which is how Democratic Party officials reported it on their campaign finance filings. Instead, Prime Trust was merely a pass-through and the donation really came from Nishad Singh, a former executive at the disgraced cryptocurrency exchange FTX.

The fine concludes the investigation into the state Democratic party, but officials are still looking into whether Singhs actions were a violation of the law.

We have closed the investigation into whether DPO reported a contribution under a false name, and we are focusing that investigation on Nishad Singh. This settlement allows the possibility of reopening an investigation into the DPO if new information comes to light, Myers said.

DPO Executive Director Brad Martin said in an email that the party chose to move forward with the settlement in order to eliminate distractions from its primary goal: electing Democrats.

The DPO accepts this settlement and welcomes todays closure of a case that boiled down to an individual lying about a donation and the DPO making the correct information available as soon as it learned about the donors lie, the statement read.

FTX, the exchange Singh worked for, has come under intense scrutiny amid charges its founder, Sam Bankman-Fried, defrauded investors.

Bankman-Fried and his associates are also face accusations they violated campaign finance laws by routing money through straw donors people who made contributions at FTX officials behest in order to avoid federal giving limits.

Its a felony to make a campaign contribution under a false name. Oregon has no campaign finance limits for state political races and causes, and Singh could have given the $500,000 to the state party in his own name.

State election officials are still conducting a preliminary investigation into whether the contribution was made using a false name.

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State election officials fine Democratic Party of Oregon for cryptocurrency donation flap - Oregon Public Broadcasting

May 11, 2023 by Diana Ambolis

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Decentralized finance (DeFi) has become one of the hottest trends in the cryptocurrency world in recent years. DeFi is a new financial system that operates on a decentralized network, meaning its not controlled by any central authority, government, or bank. DeFi is built on blockchain technology, and its goal is to provide an open and

Decentralized finance (DeFi) has become one of the hottest trends in the cryptocurrency world in recent years. DeFi is a new financial system that operates on a decentralized network, meaning its not controlled by any central authority, government, or bank. DeFi is built on blockchain technology, and its goal is to provide an open and permissionless financial system for everyone.

DeFi has been gaining popularity due to its potential to provide financial services that are more accessible, transparent, and efficient than traditional finance. DeFi also offers a variety of investment opportunities and can be used to hedge against inflation. In this article, well explore the rise of DeFi and its contribution to the growth of cryptocurrency.

Despite these challenges, the rise of DeFi has played a significant role in the growth of cryptocurrency. Its decentralized nature and ability to provide financial services to anyone with an internet connection, regardless of their geographic location, has made it a popular choice among users.

The rise of Decentralized Finance (DeFi) has been a significant catalyst for the growth of cryptocurrency, and its impact on the future of digital assets cannot be overstated. DeFi refers to a new type of financial system built on blockchain technology that enables users to access financial services in a decentralized and trustless manner. This means that users can transact directly with each other without the need for intermediaries, such as banks or other financial institutions.

DeFi has emerged as a major player in the cryptocurrency space, and it is transforming the way people think about finance. One of the key advantages of DeFi is its ability to offer financial services that are not available in the traditional financial system. For example, users can earn interest on their cryptocurrency holdings, lend and borrow digital assets, and trade cryptocurrencies in a decentralized manner.

Another key advantage of DeFi is its ability to enable cross-border transactions without the need for intermediaries. This means that users can send and receive funds from anywhere in the world, instantly and at low cost. This is particularly important for people in countries with limited access to traditional financial services, where DeFi can provide an alternative financial system.

Furthermore, DeFi offers greater transparency and security than traditional finance. Transactions are recorded on a blockchain, which is immutable and transparent, meaning that anyone can view the transaction history. This provides a level of security and accountability that is not possible with traditional finance.

However, there are also some challenges associated with DeFi that need to be addressed for its continued growth. One of the major challenges is the lack of regulation in the space. This has led to a number of scams and fraudulent projects, which have tarnished the reputation of the DeFi space.

Another challenge is the complexity of the technology. DeFi applications can be difficult for the average user to understand, which can limit adoption. However, as the technology continues to evolve, we are likely to see more user-friendly applications that will make DeFi more accessible to the general public.

The future growth of cryptocurrency is closely tied to the rise of DeFi. The benefits of DeFi, including its ability to offer new financial services, enable cross-border transactions, and provide greater transparency and security, make it a powerful force in the cryptocurrency space. However, challenges such as the lack of regulation and complexity of the technology need to be addressed for DeFi to reach its full potential. As the technology continues to evolve, we can expect to see more innovation and adoption in the DeFi space.

Also, read Investing In The Future: How Fintech And Cryptocurrency Are Changing The Investment Landscape

The rise of DeFi has contributed greatly to the growth of cryptocurrency by providing new and innovative financial services to users. While there are certainly challenges to be addressed, the potential benefits of DeFi and its impact on the broader financial industry cannot be ignored. As the technology continues to evolve and mature, it is likely that we will see even greater innovation and adoption in the years to come.

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The Rise Of DeFi And Its Contribution To The Growth Of ... - Blockchain Magazine

Whether youre an investor, businessperson, or developer with an interest in the blockchain space, white papers are a crucial aspect that cannot be ignored. With new blockchain or cryptocurrency white papers surfacing every week, each boasting innovative technologies that promise to revolutionize the industry, its no surprise that white papers have become a staple component in the creation of new blockchain projects or cryptocurrencies. In essence, white papers have become an indispensable tool for individuals seeking to stay abreast of the latest developments in the blockchain space. If you are into Cryptocurrency, you may also consider knowing about the bit index ai.

What is Whitepaper?

A whitepaper serves as the primary portal for delving into the intricacies of a cryptocurrency project. This formal document, authored by the projects creators, delineates the underlying value proposition, elucidates the problem at hand, and details the methodology for tackling it. A meticulously crafted whitepaper elucidates these concepts, while also providing technical specifications, comprehensive market research, and in-depth risk analysis to ensure that stakeholders are well-informed. White Papers generally adhere to a standard set of elements, and acquiring the skill to scrutinize them is essential for your security. The cryptocurrency sphere is rife with fraudulent ventures preying on gullible investors, so it is crucial to exercise caution. By examining a whitepaper, you can ascertain whether a project is legitimate and has the potential to be a worthwhile investment.

Enhancing Your Ability to Analyze Whitepapers: Key Considerations to Keep in Mind

What Issues Does it Seek to Address?

To expand on this point, the cryptocurrency project must provide a lucid rationale for its inception. Exactly what exactly is the issue it seeks to solve? It is crucial to ascertain whether the problem is genuine or artificially constructed. It may seem implausible, but several ventures are established purely for the sake of innovation, addressing issues that either do not exist or are so specific that they only impact a handful of individuals. Subsequently, it is crucial to identify the reason behind the problems present-day significance. Determine the wider scenario or worldwide pattern that has created the pressing need to seek a resolution at this juncture. Thoroughly consider the arguments to reach an extensive comprehension of the real extent of the issue. To attain a clear understanding, carry out detailed research and, in case needed, make use of extra resources.

Roadmap

Concisely, a roadmap provides a concise overview of the cryptocurrency projects progress. It outlines both short and long-term objectives and indicates when they are anticipated to be accomplished. This feature plays a pivotal role in tracking the evolution of the project and assists in setting practical expectations. Consequently, it is a valuable tool for investors seeking to evaluate the feasibility and potential of the project.

Purpose of the Project

What is the true essence of the project? Does it revolve around building a developer platform or facilitating compensation for artists and authors? A transparent whitepaper should and will address these fundamental questions. Whitepapers serve as the projects public face, and reputable teams strive to produce concise and comprehensible documents. However, if the explanations are ambiguous or cloaked in excessively technical jargon, it should be viewed as a warning sign that the project lacks a clear and defined purpose, possibly indicating a lack of real value or direction.

The Team

The ultimate and pivotal aspect to evaluate is the individuals responsible for steering the project. Who are the founders, personnel, and advisors? What proficiencies and knowledge do they possess, and are they pertinent to the project they are spearheading? Additionally, it is imperative to investigate their overall reputation in the industry, and their previous successes, and failures. These factors provide valuable insight into their ability to execute and deliver on the projects objectives.

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Mastering the Art of Understanding Cryptocurrency Whitepapers: A Comprehensive Guide - Qrius

With crypto's rapid growth, the popularity of crypto casinos has soared. These platforms offer a unique and secure gambling option for users.

However, with countless options available, it can be challenging to determine which cryptocurrency casino website is the best fit for you. In this article, we will explore key factors to consider when selecting the ideal cryptocurrency casino website, ensuring a safe, entertaining, and rewarding gaming experience. For further reading and to check out the top-ranked sites, check out the sites featured on Top10 Casino Sites.

Before diving into the world of cryptocurrency gambling, it's essential to evaluate the reputation and trustworthiness of a casino website. Look for platforms that have been operating for a significant period, possess relevant licenses, and comply with regulatory requirements. Check for user reviews, ratings, and feedback from reputable sources to gauge their credibility. Consider casinos that employ provably fair gaming mechanisms, which ensure transparency and fairness in the outcome of each bet.

The security of your funds and personal information should be of utmost importance when choosing a cryptocurrency casino website. Opt for platforms that utilize robust encryption protocols to safeguard your data and employ strict security measures to protect against hacking attempts. Additionally, consider casinos that offer two-factor authentication (2FA) for an extra layer of account protection. Look for transparency in terms of privacy policies and ensure the platform adheres to strict confidentiality standards.

A diverse and engaging game library is crucial to providing an enjoyable gambling experience. The best cryptocurrency casinos offer a wide range of games, including popular options like slots, blackjack, roulette, poker, and live dealer games. Look for casinos that collaborate with reputable software providers to ensure high-quality graphics, immersive gameplay, and smooth functionality. The availability of both traditional and innovative games will cater to different preferences and keep you entertained.

Generous bonuses and promotions can significantly enhance your cryptocurrency casino experience. Look for platforms that offer attractive welcome bonuses, deposit bonuses, free spins, and loyalty programs. Read the terms and conditions of these offers carefully, paying attention to wagering requirements and withdrawal restrictions. Choose a casino that provides ongoing promotions and rewards to maximize the value of your deposits and increase your chances of winning.

As you are specifically interested in cryptocurrency casinos, evaluate the range of cryptocurrencies accepted by a platform. Look for casinos that support popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others, offering flexibility in your transactions. Additionally, consider the speed of deposits and withdrawals. The best cryptocurrency casinos facilitate quick and seamless transactions, ensuring you have timely access to your winnings and an efficient gaming experience.

Reliable and responsive customer support is essential when dealing with any online service, including cryptocurrency casinos. Choose a platform that offers multiple support channels, such as live chat, email, and telephone, available 24/7. Prompt and helpful assistance ensures that any queries, concerns, or technical issues are resolved efficiently, providing you with a smooth and enjoyable gambling experience.

Selecting the best cryptocurrency casino website requires careful consideration of several factors. Prioritize reputable platforms with a strong track record, robust security measures, and a diverse range of games. Ensure they offer attractive bonuses, convenient payment options, and reliable customer support. By following these guidelines, you can make an informed decision and enjoy an entertaining and rewarding cryptocurrency gambling experience.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

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Choosing the Best Cryptocurrency Casino Website: A ... - Bitrates

The Big Sight conference venue in Odaiba, central Tokyo, provides the venue for the NexTech conference, though it was clear that Artificial Intelligence was the belle of the ball, occupying the entire ground floor of the airplane hangar-sized exhibition hall. Blockchain, quantum computing and others squeezed into corners on the second floor.

The floor-plan spoke volumes of the problem now facing Japans advocates for widespread blockchain adoption.

Namely, despite a recent favorable turn toward crypto by the administration of Prime Minister Fumio Kishida including the release of a government-affiliated crypto white paper in April the general public remains largely unconvinced by blockchain evangelists.

And perhaps what is most painful for the entrepreneurs and innovators now leading the uphill charge to reassert the nations place in the global crypto pecking order, is that Japan was once a front-runner in the space.

We used to be the worlds most highly developed country for cryptocurrency blockchains, said Yuzo Kano, pointing to a screen emblazoned with the words Japan is coming backAGAIN.

The CEO and founder of Tokyo-headquartered cryptocurrency exchange bitFlyer Inc. was clearly irked by the circumstances that have seen Japan lose its first-mover advantage as an early crypto adopter.

During a presentation on current public and private sector trends in Web3 a new phase of the internet built around decentralized blockchain technologies, the metaverse, and non-fungible tokens (NFTs) Kano alluded to the Coincheck hack in Japan in 2018, which led to the loss of hundreds of millions of dollars worth of cryptocurrency.

The incident, along with the earlier hack of the Mt. Gox crypto exchange in 2014 that saw hundreds of thousands of Bitcoin stolen, shocked the industry, ushering in Japans own extended crypto winter.

You look back to 2018, and Japan was the crypto epicenter, with developers flooding in from all over the world to be here, Kano said. From 2014 it was like that, but then due to a certain unfortunate incident, weve seen nothing but stagnation for the past four years.

Japan, he said, has fallen to 27th position in the world in terms of cryptocurrency investments, with only 5% of the population owning digital assets, compared to almost 14% in the U.S. and over 27% in Turkey.

The four years of inactivity had set Japan back, he said, although the country was now in a position where we can make a fresh start.

It will be up to Masaaki Taira, Kishidas head of Web 3 development, to outline the conditions for that fresh start during his presentation on government strategy at NexTech on Thursday.

See related article: Japans Web3 pivot needs global mindset, flexibility to succeed, says incubator founder

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Japan looking to regain its rightful place in the cryptocurrency world pecking order - Forkast News

Oklahoma City, Oklahoma, May 10, 2023 (GLOBE NEWSWIRE) -- HappyMineris a cloud mining company that allows individuals to return investments through its cloud mining services. The company is pleased to announce new affordable cloud mining plans.

To address the latest innovation, HappyMiner announces new affordable cloud mining plans. It enables individuals to invest in cryptocurrency mining while minimizing the associated costs. By offering affordable cloud mining plans, HappyMiner helps to democratize the mining industry and make it accessible to a broader audience.

Including more, with the opportunity of $10,HappyMineroffers users a chance to acquire cryptocurrency. Additionally, the mining process is fully automated, meaning users can start mining with just a few clicks. HappyMiner provides exceptional services around-the-clock.

In addition, the platform's new plans offer credible features that attract investors, such as:

Let's take a closer look at these packages:

1. Free Primary Mining: This contract is valid for 1 day and priced at $10. Its fixed return is $10.8

2. Bitcoin Mining: This contract is valid for 3 days and priced at $100. Its fixed return is $104.5

3. Litecoin Mining: This contract is valid for 7 days and priced at $500. Its fixed return is $563

4. BitcoinCash Mining: This contract is valid for 15 days and is priced at $1200. Its fixed return is $1545

5. Dogecoin Mining: This contract is valid for 30 days and is priced at $3000. Its fixed return is $4890

6. Dashcoin Mining: This contract is valid for 60 days and is priced at $6400. It has a fixed return of $15280

7. Filecoin Mining: This contract is valid for 90 days and is priced at $9600. Its fixed return is $29644

HappyMinerbrings solutions for both experienced traders and newcomers to the market who are looking to participate in mining. The company brings game-changing development to the industry as it opens up the world of cryptocurrency mining to a wider audience and allows more individuals to take advantage of the potential rewards. The platform is truly disrupting the market and paving the way for the new era of cryptocurrency mining.

According to the CEO of HappyMiner, "Our mission is to make cryptocurrency mining accessible and affordable for everyone. With our new cloud mining plans, we are offering a cost-effective solution that enables anyone to start mining Bitcoin or other cryptocurrencies without having to worry about the associated costs and technical difficulties."

Furthermore,HappyMiner'scloud mining offers user-friendly services to all its investors. Users can start mining within minutes of signing up, with no technical expertise required. The platform also provides a range of tools and resources to help users to maximize their mining advantages, including mining calculators, profitability trackers as well as mining guides.

About HappyMiner:

HappyMiner is a licensed cloud mining company founded in 2018 in the United States. Like any certified hash provider, HappyMiner owns industrial facilities with a big tech park of professional Bitcoin mining rigs. Data centers are located in Iceland, Norway, and Canada. 2,800K+ individuals from all around the globe currently earn cryptocurrency on HappyMiner. visit its website athttps://happyminer.us/

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Disclaimer:The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

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HappyMiner Cloud Mining Will Join the Cryptocurrency Market by ... - GlobeNewswire

The cryptocurrency market has seen significant changes in recent years with the emergence of new coins and technologies. Zcash is one such cryptocurrency that has made a considerable impact in the market. Launched in 2016, Zcash is a decentralized cryptocurrency that focuses on privacy and anonymity. It offers a unique approach to blockchain technology, allowing users to maintain their privacy while still transacting on the blockchain. In this article, we will explore the impact of Zcash on the cryptocurrency market and how it has influenced the industry. Explore and learn more at immediateconnect.org

Privacy is a crucial concern for many cryptocurrency users. Cryptocurrency transactions are publicly recorded on the blockchain, which means anyone can view them. This transparency is one of the blockchains strengths, but it can also be a disadvantage. Some users may not want their financial information to be visible to the public. This is where privacy-focused cryptocurrencies like Zcash come in. They allow users to transact on the blockchain without revealing their financial information. Zcash uses a technology called zero-knowledge proofs to ensure that transactions are private.

Zcash has seen significant adoption since its launch in 2016. The cryptocurrency is listed on many exchanges, making it easily accessible to users worldwide. The growing adoption of Zcash can be attributed to its unique features, such as privacy, security, and scalability. Additionally, the Zcash community is vibrant, and there is a lot of development activity around the coin.

Zcashs success has influenced other privacy-focused cryptocurrencies in the market. Several cryptocurrencies have emerged, inspired by Zcashs technology and approach. For instance, Monero, another privacy-focused cryptocurrency, uses a similar approach to Zcash. It focuses on providing anonymous transactions to its users. This trend shows that privacy-focused cryptocurrencies are gaining popularity and could be the future of the cryptocurrency market.

Zcashs technology has attracted the attention of other industries outside the cryptocurrency market. For instance, JPMorgan, the US banking giant, is using Zcashs technology to develop a privacy-focused blockchain platform. The platform will allow users to transact on the blockchain without revealing their financial information. This shows that Zcashs technology has the potential to revolutionize the financial industry.

Zcashs impact on the cryptocurrency market cannot be ignored. Its unique approach to privacy has influenced other cryptocurrencies and the industry as a whole. The adoption of Zcash is on the rise, and its technology is being adopted by other industries outside the cryptocurrency market. These developments show that Zcash is a significant player in the cryptocurrency market, and its influence is likely to grow in the future.

In conclusion, Zcash has made a considerable impact on the cryptocurrency market. Its unique approach to privacy has influenced other cryptocurrencies, and its adoption is on the rise. Zcashs technology has attracted the attention of other industries outside the cryptocurrency market, showing its potential to revolutionize the financial industry. As the cryptocurrency market continues to evolve, Zcashs influence is likely to grow, making it an essential player in the industry.

Continued here:

The Impact of Zcash on the Cryptocurrency Market - Auralcrave

Faith in cryptocurrency has been plundered by various disasters visiting the industry of late. The FTX crash left cryptocurrency reeling in the US market with federal crackdowns ensuing almost imminently as American authorities sought regulations to counter the dangers posed by a sector completely uninhibited. Its understandable that confidence might be shaken but in this article, well look at how Bitcoin (BTC), Ethereum (ETH), and the new cryptocurrency PAT WARS (PAW) could revitalise belief in the crypto market.

In a bold move, Sam Bankman-Fried, the mastermind behind the now-defunct cryptocurrency exchange FTX, has launched a comprehensive legal defence against the fraud accusations levelled against him. The founder, through his legal team, seeks to dismiss multiple charges while accusing the prestigious law firm representing FTX in its bankruptcy, Sullivan & Cromwell, of aligning with federal prosecutors to serve their interests.

Late on Monday, court filings unveiled Mr Bankman-Fried's strong assertions that FTX and its attorneys had inadvertently become proxies for the government, assisting in constructing the criminal case against him and potentially withholding critical evidence.

According to the legal documents, FTX's legal advisors, in an unexpected turn, approached the government and accused Mr Bankman-Fried without full knowledge of the pertinent facts, ultimately resulting in his forced resignation as CEO. The lawyers emphasized that this move occurred behind his back, without affording him the opportunity to present his side of the story.

For an extended period, Sullivan & Cromwell has allegedly channelled documents and other forms of evidence directly to the prosecution, as outlined in the filings. Remarkably, Mr Bankman-Fried's defence team claimed that the prosecutors had exclusively requested incriminating evidence, overlooking the possibility that FTX possessed material that could potentially support their client's defence.

As the legal battle intensifies, the complex relationship between FTX, the government, and Sullivan & Cromwell continues to unfold, leaving the cryptocurrency community and financial observers eagerly awaiting further developments in this high-stakes case.

Bitcoin and Ethereum, the two leading cryptocurrencies, have garnered significant attention in the investment landscape. While both offer distinct features and use cases, they share common attributes that make them appealing investment opportunities. In this article, we delve into why Bitcoin and Ethereum continue to attract investors and are still considered strong choices within the crypto market.

Bitcoin's reputation as the pioneer of cryptocurrencies and its limited supply makes it a compelling investment. Its decentralized nature, secured by the underlying blockchain technology, ensures transparency and trust in transactions. Bitcoin's scarcity, with a fixed supply of 21 million coins, instils confidence in its value preservation potential leading to its reputation as digital gold. As a hedge against inflation and economic uncertainty, Bitcoin has gained favour among institutional investors seeking to diversify their portfolios and protect against traditional market risks.

Ethereum offers more than just a digital currency; it provides a platform for decentralized applications (DApps) and smart contracts. The Ethereum network's programmability enables developers to create and deploy their applications, fostering innovation and expanding possibilities in sectors such as finance, gaming, and supply chain management. Ethereum's native cryptocurrency, Ether (ETH), is integral to its ecosystem, serving as fuel for executing transactions and incentivizing network participants.

Investing in Ethereum allows individuals to gain exposure to the growing ecosystem of DApps, which have the potential to disrupt traditional industries and unlock new revenue streams. Moreover, with the upcoming Ethereum 2.0 upgrade, which aims to improve scalability and energy efficiency, the platform's long-term prospects appear even more promising.

Loss of faith in cryptocurrency isnt new and is almost a cyclical emotional current that courses through the industry. In time, it gives way to excitement produced by the unearthing of a new cryptocurrency project that gets everyones blood flowing and mouths talking. PAT WARS could be the project that inspires this confidence.

PAT WARS is a new meme coin entering its presale that will hope to catch the excitement. With an ever-so-subtle nod to Star Wars, it presents itself as an inclusive and decentralised community-owned cryptocurrency, one that belongs to its users. Its ecosystem reflects this too, offering features that embed its members into its decision-making process and more.

Website:https://www.patwars.com

Twitter:https://twitter.com/PATWARSOfficial

Telegram:https://t.me/PATWARSOfficial

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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PAT WARS, Bitcoin And Ethereum Can Restore Faith In Cryptocurrency After FTX Crash, Analysts Say - Hindustan Times

This article gathers the top 10 cryptocurrencies that have zero or lesser transactions making crypto investors save money

The price of cryptocurrency coins and transaction fees strongly correlates with the rise in demand for the market, which drives up demand dramatically. When purchasing a coin, an investor deals with a variety of trading fees. Amongst them are the crypto transaction fees. Cryptocurrencies usually charge crypto trading fees to cover the costs of maintaining the network and rewarding the miners or validators who process the transactions. However, some cryptocurrencies have very low or even zero transaction fees, making them more attractive for crypto investors who want to save money or transact frequently. Here are 10 cryptocurrencies that have zero or lesser transaction fees

IOTA IOTA is a cryptocurrency that uses a directed acyclic graph (DAG) instead of a blockchain. The DAG is called the Tangle, and it allows transactions to be validated by other transactions without relying on miners or fees. Transactions on IOTA are fast and feeless, and the network can scale to handle millions of transactions per second.

NANO NANO is a cryptocurrency that uses a novel block-lattice architecture, where each user has their blockchain that they can update asynchronously. This eliminates the need for miners, consensus mechanisms, and fees. Transactions on NANO are instant and free, and the network can handle up to 1,000 transactions per second.

Dash Dash is a cryptocurrency that aims to provide fast, secure, and private transactions. Dash uses a two-tier network of masternodes and miners, where the masternodes provide services such as instant transactions and private transactions for a small fee. The average transaction fee on Dash is $0.0033, which is much lower than Bitcoins $6.18.

Stellar Stellar is a cryptocurrency and a platform for cross-border payments and remittances. Stellar uses a federated consensus protocol that allows transactions to be confirmed in 3 to 5 seconds. The average transaction fee on Stellar is 0.00001 XLM, which is equivalent to $0.0000026 at the current price of $0.26 per XLM.

EOS EOS is a cryptocurrency and a platform for dApps that claims to offer high performance, scalability, and usability. EOS uses a delegated proof-of-stake consensus mechanism that allows users to stake their tokens for network resources such as bandwidth, CPU, and RAM. The average transaction fee on EOS is $0.0008, which is very low compared to other dApp platforms.

Zilliqa Zilliqa is a cryptocurrency and a smart contract platform that uses a technique called sharding to achieve high throughput and scalability. Sharding divides the network into smaller groups of nodes that process transactions in parallel. The average transaction fee on Zilliqa is $0.0007, which is very low compared to other smart contract platforms.

NEO NEO is a cryptocurrency and a platform for dApps that aims to create a smart economy based on digital assets, digital identity, and smart contracts. NEO uses a delegated Byzantine fault tolerance (dBFT) consensus mechanism that allows users to delegate their voting power to professional node operators who validate transactions and produce blocks. The average transaction fee on NEO is $0.0012, which is very low compared to other dApp platforms.

Litecoin Litecoin is a cryptocurrency that is based on Bitcoins code but with some modifications to improve speed, efficiency, and scalability. Litecoin uses a proof-of-work consensus mechanism with a different hashing algorithm than Bitcoins. The average transaction fee on Litecoin is $0.05, which is much cheaper than Bitcoins $6.18.

Tron-Tron is a cryptocurrency and a platform for decentralized applications (dApps) that aims to create a global digital content ecosystem. Tron uses a delegated proof-of-stake consensus mechanism that allows users to vote for representatives who validate transactions and produce blocks. The average transaction fee on Tron is $0.0003, which is negligible compared to other dApp platforms.

Cardano-Cardano is a cryptocurrency and a smart contract platform that uses a proof-of-stake consensus mechanism called Ouroboros. Cardano claims to offer scalability, security, and interoperability with other blockchains. The average transaction fee on Cardano is $0.17, which is significantly lower than Ethereums $4.84.

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Ten Cryptocurrencies that Have Zero or Lesser Transaction Fees - Analytics Insight

The world of crypto trading has introduced us to an array of new experiences and phenomena, one of which is the Fear of Missing Out, or FOMO.

In the context of cryptocurrency trading, FOMO describes the anxious feeling that one might be missing out on a lucrative investment opportunity, leading individuals to make impulsive trading decisions.

This phenomenon has been amplified with the advent of real-time trading platforms and round-the-clock news cycles.

The psychoanalytic theory, pioneered by Sigmund Freud, provides a useful lens through which to view the FOMO phenomenon. According to Freud, the human psyche is divided into three parts: the id, ego, and superego.

The id operates on the pleasure principle, seeking immediate gratification, while the ego functions on the reality principle, trying to balance the ids desires with the constraints of the real world.

In the world of cryptocurrency trading, the id might be seen as the driving force behind the desire to invest in every promising cryptocurrency, driven by the fear of missing out on potential profits.

The ego, in contrast, attempts to mediate these desires, taking into account practical considerations such as financial constraints and risk tolerance. The resulting tension can manifest as FOMO.

Cryptocurrency markets, with their volatility and potential for high returns, are fertile ground for FOMO.

The 24/7 nature of these markets, coupled with the constant barrage of news and updates on various platforms, can create a sense of urgency and fear of missing out on potential gains.

In a study published in the Journal of Behavioral and Experimental Finance in 2019, researchers found that individuals who frequently checked cryptocurrency prices and followed related news were more likely to exhibit signs of FOMO.

This suggests that constant exposure to market fluctuations and news can both cause and exacerbate FOMO.

Freuds superego represents the internalized societal and parental standards of behavior. In the context of FOMO, the superego could be perceived as the internal voice comparing ones own investment performance with that of others.

This process of social comparison, which social psychologist Leon Festinger proposed in 1954, is integral to understanding FOMO in the cryptocurrency sphere.

Traders often compare their performance to others, particularly in online communities where individuals frequently share their successes.

This can lead to feelings of inferiority and FOMO, particularly when ones own investments are not performing as well.

FOMO can have serious psychological implications for cryptocurrency traders. It can lead to impulsive trading decisions, financial stress, and even addiction-like behaviors.

A study published in the journal Addictive Behaviors in 2020 found a correlation between high levels of FOMO and problematic cryptocurrency trading.

Furthermore, FOMO can create a vicious cycle. As traders experience FOMO, they may increase their market engagement in an attempt to mitigate their feelings of anxiety, thereby exposing themselves to further FOMO-inducing scenarios.

In conclusion, the FOMO phenomenon within cryptocurrency trading represents a fascinating interplay between unconscious desires, social comparison, and the influence of digital technology.

Psychoanalysis provides a useful framework for understanding how the ids desire for immediate gain, the egos grounding in reality, and the superegos inclination towards social comparison play out in this high-stakes digital arena.

The implications of FOMO are significant, contributing to impulsive-trading decisions and potential financial distress. This highlights the importance of awareness and education in the field of cryptocurrency trading. Understanding the psychological underpinnings of behaviors such as FOMO can equip traders with the tools to manage their emotions and make more informed decisions.

Furthermore, FOMO challenges us to reevaluate our relationship with digital trading platforms and the 24/7 information cycle.

As we continue to navigate the volatile cryptocurrency markets, it becomes imperative to strike a balance between staying informed and maintaining psychological well-being.

Lastly, the phenomenon of FOMO provides a rich avenue for further research in the realm of cryptocurrency trading. As this area continues to evolve, so too will our understanding of the psychological factors that drive trading behavior.

Exploring such phenomena underscores the ongoing relevance of psychoanalytic theory and illuminates the profound impact of digital technology on our financial behaviors and decision-making processes.

Related postsMore from author

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FOMO: the influence on cryptocurrency trading - The Cryptonomist

Dadvan Yousufs Perspective on Liquidity Mining: Maximizing Returns in the Cryptocurrency Market

In the fast-paced world of cryptocurrency, liquidity mining has gained popularity as an investment strategy. Renowned entrepreneur and cryptocurrency expert Dadvan Yousuf shares his perspective on liquidity mining and its potential to maximize returns in the cryptocurrency market. This article provides valuable insights into the benefits, challenges, and opportunities associated with this innovative investment approach.

What is Liquidity Mining?

Liquidity mining, also known as yield farming, involves providing liquidity to decentralized finance (DeFi) platforms in exchange for rewards. By staking their cryptocurrency assets in liquidity pools, investors have the opportunity to earn additional tokens or fees. This process contributes to the liquidity of the platforms and encourages active participation in the DeFi ecosystem.

Dadvan Yousufs Perspective on Liquidity Mining

As a seasoned entrepreneur and cryptocurrency expert, Dadvan Yousuf recognizes the potential of liquidity mining as a strategy to maximize returns in the cryptocurrency market. He emphasizes that liquidity mining offers investors the chance to earn passive income through their cryptocurrency holdings. Yousuf highlights the importance of conducting thorough research, understanding the associated risks, and carefully selecting the projects and platforms for participation.

The Benefits of Liquidity Mining

Liquidity mining presents several benefits for investors. By providing liquidity to DeFi platforms, investors can earn rewards in the form of additional tokens that have the potential to appreciate in value over time. Moreover, liquidity mining enables investors to actively contribute to the growth and stability of the DeFi ecosystem.

The Challenges of Liquidity Mining

However, Dadvan Yousuf acknowledges the challenges associated with liquidity mining. The volatile nature of the cryptocurrency market and the inherent risks of DeFi platforms require investors to exercise caution and implement effective risk management strategies. Yousuf emphasizes the importance of carefully evaluating the projects, assessing potential returns, and considering the security measures and auditing processes in place.

Maximizing Opportunities in Liquidity Mining

Dadvan Yousuf identifies significant opportunities for investors in liquidity mining. He believes that as the DeFi ecosystem continues to evolve and mature, liquidity providers will enjoy increasing rewards. Yousuf encourages investors to diversify their participation across different liquidity pools to mitigate risks and maximize their earning potential.

Educating Yourself for Success

In the ever-changing cryptocurrency market, Dadvan Yousuf emphasizes the significance of education and research. He advocates for investors to stay informed about the latest developments in liquidity mining and DeFi platforms. Yousuf recommends leveraging reputable sources, engaging with the crypto community, and seeking guidance from experts to make well-informed investment decisions.

Conclusion

Dadvan Yousufs perspective on liquidity mining sheds light on the opportunities and challenges it presents in the cryptocurrency market. Liquidity mining offers investors a means to earn passive income and actively participate in the growth of the DeFi ecosystem. However, it is crucial for investors to conduct thorough research, assess risks effectively, and implement proper risk management strategies. With the right knowledge and approach, liquidity mining can be a valuable investment strategy for maximizing returns in the cryptocurrency market.

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Dadvan Yousufs Perspective on Liquidity Mining: Maximizing Returns in the Cryptocurrency Market - PRUnderground

In addition toupending established banking structures, cryptocurrency has transformedphilanthropic giving and philanthropy. The use of digital currencies for charitablepurposes has increased as they become more widely accepted. This articleexamines the expanding practice of using cryptocurrencies for charity purposesand demonstrates their profound influence on charitable donations.

For people andorganizations, cryptocurrency opens up a new channel for charitablecontributions. Cryptocurrencies promote transparency, security, and efficiencyin donations by utilizing blockchain technology. Philanthropists may helpcharities all around the world thanks to this decentralized and borderlessnature, cutting out traditional financial intermediaries and loweringtransaction costs.

Cross-borderdonations are no longer complicated or delayed by using cryptocurrency. The useof conventional techniques, such as wire transfers, might include drawn-outprocedures, expensive fees, and currency adjustments. Through the use ofcryptocurrency, contributors can send money to charitable organizations orpeople in need anywhere in the world, ensuring that aid is delivered quicklyand effectively to those who need it.

For people inunderdeveloped nations, cryptocurrency-based philanthropy has very importantimplications. Cryptocurrencies offer a way for direct access to funds andfinancial inclusion in areas with restricted access to conventional bankinginstitutions. Without the aid of middlemen, this empowerment enables people toparticipate in the economy, receive gifts, and improve their standard ofliving.

Keep Reading

Thearchitecture of cryptocurrencies, known as blockchain, promotes transparencyand accountability in charitable giving. The blockchain enables donors to trackand verify their donations, promoting high levels of transparency in thedistribution and use of funds. Due to the verifiable evidence, it offers of theresults of contributors' donations, this transparency fosters confidencebetween donors and charity organizations.

Traditionalcharitable strategies frequently involve middlemen and administrativeexpenditures, which lessen the overall impact of gifts. Due to the eliminationof these middlemen by cryptocurrency, administrative costs are decreased and abigger proportion of donations can go to the intended charitable organization.Donors can rest assured that their money is making a more significant andimmediate difference.

Donor anonymityand privacy are further advantages of cryptocurrency-based giving. While somecontributors prioritize privacy over public acknowledgement of theircontributions, others do not. Donors can support causes with cryptocurrencydonations while remaining anonymous, offering a level of anonymity that isn'talways achievable with conventional donation options.

Donations madein cryptocurrency have made it possible to sponsor creative ventures anddecentralized efforts. Platforms and protocols created expressly forcrowdfunding and philanthropic giving have been made possible by blockchaintechnology. Support for ground-breaking concepts, social companies, andgrassroots initiatives can be provided by individuals thanks to theseplatforms, which enable direct connections between donors and projects.

As a result ofcryptocurrency's inherent volatility, nonprofit organizations that needconsistent income have difficulties. To overcome this problem, severalmechanisms are being explored. By reducing price swings, stablecoins, which arecryptocurrencies backed by reliable assets, offer a solution. A more stable andpredictable environment for charitable giving in the bitcoin field is also beingensured by projects concentrating on volatility management and stabilizationfunds.

Collaborationbetween cryptocurrency charities and well-known nonprofit groups is growing.Major foundations and NGOs have taken notice of the possibilities ofcryptocurrencies and are already actively taking donations in the form ofdigital assets. By bridging the gap between conventional philanthropy and thecryptocurrency community, this partnership promotes broader acceptance andwidespread use of digital currencies in charitable giving.

Depending onthe country, cryptocurrency donations may provide tax advantages and incentivesfor donors. The use of cryptocurrencies contributionsis handled the same as regular asset contributions with tax benefits, such asexemptions or deductions. These rewards encourage people to utilizecryptocurrencies to donate to charitable causes, which promotes the expansionof cryptocurrency-based philanthropy.

While there aremany benefits to using cryptocurrencies for charitable purposes, there are alsodifficulties and issues to take into account:

Cryptocurrencyhas been hailed as a potentially transformative force in philanthropy andcharitable giving. However, despite the potential benefits, there aresignificant challenges to using cryptocurrency for charitable giving, includingthe prevalence of scams, fake projects, and fake coins.

One of the mainchallenges of using cryptocurrency for charitable giving is the prevalence ofscams and fake projects. In recent years, there have been numerous examples offraudulent ICOs (initial coin offerings), in which individuals or groups createfake coins or tokens and solicit investment from unsuspecting individuals.These scams can be difficult to detect and can lead to significant financiallosses for investors, including those who intended to donate to charitablecauses.

In addition toscams, there are significant challenges related to the verification ofcharitable organizations and projects. With traditional charitable giving,donors can typically research and vet charities before making a donation.However, with cryptocurrency, there is often limited information availableabout the organizations and projects that are seeking donations. This can makeit difficult for donors to determine the legitimacy of a charity or project and can lead to donations being misused or misappropriated.

Anotherchallenge is the lack of transparency in cryptocurrency transactions. Whileblockchain technology is designed to be transparent, the anonymity ofcryptocurrency transactions can make it difficult to track and verifydonations. This can make it challenging for charities to track and report onthe use of donated funds, and can also make it difficult for donors to ensurethat their donations are being used as intended.

Finally, thereare significant challenges related to the volatility of cryptocurrency prices.Cryptocurrencies, such as Bitcoin and Ethereum, are known for their wild priceswings, which can make it difficult for charities to budget and plan for futureprojects. This can make it challenging for donors to determine the valueof their donations, particularly if the value of the donated cryptocurrencyfluctuates significantly after the donation is made.

In recentyears, the usage of cryptocurrencies in philanthropy and charitable giving hasgrown significantly, opening up new possibilities for global giving,efficiency, and transparency. Cryptocurrencies provide quick cross-bordertransactions, transparency, and lower administrative costs, benefiting bothcontributors and nonprofits. It is clear that cryptocurrencies canrevolutionize charity, despite obstacles like volatility and regulatoryconcerns. Philanthropy is poised to become more accessible, transparent, andinfluential than ever before as more people and organizations realize theadvantages and embrace cryptocurrency-based donating.

In addition toupending established banking structures, cryptocurrency has transformedphilanthropic giving and philanthropy. The use of digital currencies for charitablepurposes has increased as they become more widely accepted. This articleexamines the expanding practice of using cryptocurrencies for charity purposesand demonstrates their profound influence on charitable donations.

For people andorganizations, cryptocurrency opens up a new channel for charitablecontributions. Cryptocurrencies promote transparency, security, and efficiencyin donations by utilizing blockchain technology. Philanthropists may helpcharities all around the world thanks to this decentralized and borderlessnature, cutting out traditional financial intermediaries and loweringtransaction costs.

Cross-borderdonations are no longer complicated or delayed by using cryptocurrency. The useof conventional techniques, such as wire transfers, might include drawn-outprocedures, expensive fees, and currency adjustments. Through the use ofcryptocurrency, contributors can send money to charitable organizations orpeople in need anywhere in the world, ensuring that aid is delivered quicklyand effectively to those who need it.

For people inunderdeveloped nations, cryptocurrency-based philanthropy has very importantimplications. Cryptocurrencies offer a way for direct access to funds andfinancial inclusion in areas with restricted access to conventional bankinginstitutions. Without the aid of middlemen, this empowerment enables people toparticipate in the economy, receive gifts, and improve their standard ofliving.

Keep Reading

Thearchitecture of cryptocurrencies, known as blockchain, promotes transparencyand accountability in charitable giving. The blockchain enables donors to trackand verify their donations, promoting high levels of transparency in thedistribution and use of funds. Due to the verifiable evidence, it offers of theresults of contributors' donations, this transparency fosters confidencebetween donors and charity organizations.

Traditionalcharitable strategies frequently involve middlemen and administrativeexpenditures, which lessen the overall impact of gifts. Due to the eliminationof these middlemen by cryptocurrency, administrative costs are decreased and abigger proportion of donations can go to the intended charitable organization.Donors can rest assured that their money is making a more significant andimmediate difference.

Donor anonymityand privacy are further advantages of cryptocurrency-based giving. While somecontributors prioritize privacy over public acknowledgement of theircontributions, others do not. Donors can support causes with cryptocurrencydonations while remaining anonymous, offering a level of anonymity that isn'talways achievable with conventional donation options.

Donations madein cryptocurrency have made it possible to sponsor creative ventures anddecentralized efforts. Platforms and protocols created expressly forcrowdfunding and philanthropic giving have been made possible by blockchaintechnology. Support for ground-breaking concepts, social companies, andgrassroots initiatives can be provided by individuals thanks to theseplatforms, which enable direct connections between donors and projects.

As a result ofcryptocurrency's inherent volatility, nonprofit organizations that needconsistent income have difficulties. To overcome this problem, severalmechanisms are being explored. By reducing price swings, stablecoins, which arecryptocurrencies backed by reliable assets, offer a solution. A more stable andpredictable environment for charitable giving in the bitcoin field is also beingensured by projects concentrating on volatility management and stabilizationfunds.

Collaborationbetween cryptocurrency charities and well-known nonprofit groups is growing.Major foundations and NGOs have taken notice of the possibilities ofcryptocurrencies and are already actively taking donations in the form ofdigital assets. By bridging the gap between conventional philanthropy and thecryptocurrency community, this partnership promotes broader acceptance andwidespread use of digital currencies in charitable giving.

Depending onthe country, cryptocurrency donations may provide tax advantages and incentivesfor donors. The use of cryptocurrencies contributionsis handled the same as regular asset contributions with tax benefits, such asexemptions or deductions. These rewards encourage people to utilizecryptocurrencies to donate to charitable causes, which promotes the expansionof cryptocurrency-based philanthropy.

While there aremany benefits to using cryptocurrencies for charitable purposes, there are alsodifficulties and issues to take into account:

Cryptocurrencyhas been hailed as a potentially transformative force in philanthropy andcharitable giving. However, despite the potential benefits, there aresignificant challenges to using cryptocurrency for charitable giving, includingthe prevalence of scams, fake projects, and fake coins.

One of the mainchallenges of using cryptocurrency for charitable giving is the prevalence ofscams and fake projects. In recent years, there have been numerous examples offraudulent ICOs (initial coin offerings), in which individuals or groups createfake coins or tokens and solicit investment from unsuspecting individuals.These scams can be difficult to detect and can lead to significant financiallosses for investors, including those who intended to donate to charitablecauses.

In addition toscams, there are significant challenges related to the verification ofcharitable organizations and projects. With traditional charitable giving,donors can typically research and vet charities before making a donation.However, with cryptocurrency, there is often limited information availableabout the organizations and projects that are seeking donations. This can makeit difficult for donors to determine the legitimacy of a charity or project and can lead to donations being misused or misappropriated.

Anotherchallenge is the lack of transparency in cryptocurrency transactions. Whileblockchain technology is designed to be transparent, the anonymity ofcryptocurrency transactions can make it difficult to track and verifydonations. This can make it challenging for charities to track and report onthe use of donated funds, and can also make it difficult for donors to ensurethat their donations are being used as intended.

Finally, thereare significant challenges related to the volatility of cryptocurrency prices.Cryptocurrencies, such as Bitcoin and Ethereum, are known for their wild priceswings, which can make it difficult for charities to budget and plan for futureprojects. This can make it challenging for donors to determine the valueof their donations, particularly if the value of the donated cryptocurrencyfluctuates significantly after the donation is made.

In recentyears, the usage of cryptocurrencies in philanthropy and charitable giving hasgrown significantly, opening up new possibilities for global giving,efficiency, and transparency. Cryptocurrencies provide quick cross-bordertransactions, transparency, and lower administrative costs, benefiting bothcontributors and nonprofits. It is clear that cryptocurrencies canrevolutionize charity, despite obstacles like volatility and regulatoryconcerns. Philanthropy is poised to become more accessible, transparent, andinfluential than ever before as more people and organizations realize theadvantages and embrace cryptocurrency-based donating.

More:

Transforming Philanthropy: The Impact of Cryptocurrency in Charitable Giving - Finance Magnates

Exploiting cryptocurrency airdrops is not easy: there are many points to consider if you want to maximise your income from this activity.

In this article, we will try to simplify it by giving you 3 tips that you must follow.

Lets see what they are

Whenever a plan to release an airdrop to the community is announced in a projects roadmap, many users rush to perform on-chain transactions in order to be eligible and earn cryptocurrency for free.

Unfortunately, competition is fierce and the criteria that the project team uses to distribute the airdrop is never known, so it is necessary to go blind. This does not mean that you have to perform actions randomly, but rather that the winning strategy is to try them all and perform as many operations as possible: token swaps, providing liquidity, buying NFTs, using bridges, etc.

All of this may be enough to qualify for an airdrop, but there is one way to maximise the result of such activity and that is to use multiple wallets.

For example, if you were able to get $1000 from an airdrop with one wallet, imagine what it would mean to repeat the exact same actions on 10 different wallets. The real profit is made by multiplying the potential income from airdrops, not by hoping that a single address will qualify.

By using multiple wallets you can also choose to cover multiple areas of expertise in the sense of focusing on different areas at the same time, e.g. using one address only to provide liquidity to DEX, another to interact exclusively with smart contracts and yet another to buy/sell NFTs.

Obviously, the best thing to do is to perform as many actions as you consider optimal on each of the wallets we have available.

Be careful, however, as this activity, described as a sybil attack, is FORBIDDEN by projects that release airdrops, and if discovered you may be banned.

To avoid detection, it is advisable not to recycle the same funds across multiple accounts, but to use different funds for each address. It is even better if each address is funded from a different wallet, rather than from the same wallet, be it an exchange or a private wallet.

The second tip concerns one of the attitudes we often apply in real life, namely patience.

Unfortunately, from the moment a crypto project team announces a possible airdrop to the moment the tokens are released to the community, up to 2 years can pass, although the average time is usually 12-18 months.

In this timeframe, it is not enough to do the little job and use the services of the project once and then wait for the airdrop.

Many of the DAOs that have airdropped to their community, such as Optimism and Arbitrum, have put a lot of emphasis on the concept of repeat users, i.e. repeating operations and interactions with layer 2 smart contracts.

Therefore, one needs to be patient and not lose focus by repeating operations on several different occasions.

It may be wise to plan a task on the agenda to remind oneself that, from time to time, there are transactions to be carried out on a blockchain or on a particular protocol.

As an indication, it is good to perform at least 5 transactions per month between swaps, bridges and liquidity provision. You can also perform all actions in one day, but the important thing is that the same procedure is repeated in different months, again at least 3-4 times.

Conceptually, if you interact with dApps on the blockchain occasionally (even if you perform a few actions, but consistently) for a whole year, the chances of getting an airdrop increase dramatically.

On the other hand, if you perform 200 actions in a single afternoon and then abandon the whole thing, it will be very difficult to be rewarded with cryptocurrency as a gift.

The final piece of advice, and the most important for those with little capital to put into airdrop hunting, is to save on commission fees for the transactions that take place.

Unfortunately, these vary depending on which blockchain youre on and other factors such as the day of the week and the cost of gas on L1s.

In order to avoid wasting money on gas fees, it is important to choose to participate in airdrops where the fees are not too high, or even better, to only execute transactions on testnets.

Testnets are test networks that are used to find bugs or generally make improvements to the main network while waiting for the mainnet network to be launched.

On these testnets, test tokens can be used in demo accounts: these tokens take the value of the corresponding cryptocurrency running on real blockchains and can be requested via some faucet.

For example, you can request ETH (demo) tokens on the Ethereum goerli testnet via this faucet.

From the Goerli network, you can move the demo ETH tokens to other testnets we are more interested in for the purpose of earning an airdrop, or simply by using a faucet, if available, directly from that testnet.

Keep in mind that when a blockchain makes its market debut, the testnet is usually the first to launch, so you can get ahead of users who only use the mainnet.

If you dont want to waste time on testnets, which are statistically less profitable than mainnet activity, and at the same time save on fees, it may be wise to monitor the price of gas on a daily basis so that you can trade when it is cheapest.

There are several useful tools to monitor the Ethereum gas price (if you are using layer2 or the Ethereum network itself).

You can also choose the most convenient time during the day, as transaction fees can vary even within a few hours.

As an indication, it is good to take advantage of occasions when gas costs less than 40 gwei and avoid situations where it costs more than 50 gwei.

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Cryptocurrency airdrops: maximise revenue - The Cryptonomist

India is not against blockchain technology, but currencies have to be monitored by either the government or the central bank, Finance Minister Nirmala Sitharaman said on Saturday.

See related article: India imposes money laundering regulations on crypto industry

[Blockchain] gives us so many options. It can be used in so many different ways. So we are not against the technology, Sitharaman said at an event in Bengaluru.

But on currency, we think [it] has to be driven by either the government or the central bank. Otherwise, it can be like those that have collapsed, causing huge spillover effects all over the world, like FTX, she said.

The Reserve Bank of India, the nations central bank, has launched pilot trials for retail and wholesale central bank digital currencies. According to Sitharaman, the digital rupee intends to improve cross-border and bulk payments to minimize losses on arbitrage.

India, the worlds most populous country, is aiming for a global consensus in regulating crypto assets.

Global order has become so interlinked that one country taking any step when it comes to regulating crypto assets will be ineffective because technology doesnt care for boundaries or borders, Sitharaman said.

The South Asian nation is also looking to prepare students on cryptocurrency and artificial intelligence. It has announced the introduction of these topics in certain school curriculums from the next academic year.

India has been tackling digital assets with caution. Last year, Sitharaman imposed a 30% flat tax on crypto income and a 1% tax deducted at source (TDS) on crypto trades above 10,000 Indian rupees (US$122).

India also does not allow crypto traders to offset losses against gains. It has introduced a penalty equal to TDS for non-deduction, interest of 15% annually for late payment, and even imprisonment of up to six months.

India is currently the president of Group of 20, an intergovernmental forum of the worlds major economies, and has listed cryptocurrency and its regulation as one of the agendas for discussion.

See related article: Common regulatory framework for crypto to come during Indias G20 presidency, finance minister says

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India not against blockchain tech, but cryptocurrency should be monitored, says FM - Yahoo Finance

SunCrypto being the leading cryptocurrency exchange/platform has received love from more than 1 million people in the short span of just 1.5 years. And has been continuously growing to become the best exchange for all Indian users including Tier3, and Tier4 cities.

The founders of SunCrypto Mr. Umesh Kumar and Mr. Pramod Yadav had a vision of creating Indias simplest platform for people to trade in crypto. Based on their tough experience of crypto trading, they decided to build an exchange that will be easy enough to be used by all three generations. Not only this they focused on providing security and partnered with Ledger, the top cold wallet service provider. This collaboration promised the best security and insurance of $150 Million to SunCrypto users.

SunCrypto founders turned its business into this success with their respective skills in the marketing and IT field where Mr. Umesh Kumar (Founder & CEO) comes from Marketing and Mr. Pramod from the IT field and is now also the CTO & Co-founder of the company.

Why SunCrypto Is Getting So Popular?

Fintech is not similar to any entertainment industry where you can get popular based on hype and attention only. To make your name in the Fintech world a company has to provide the top services, education, and platform to learn and grow. This is what made SunCrypto successful as it focused on its motto of Learn & Earn, where the exchange grew from a crypto exchange to an educator for crypto users. SunCrypto runs its Youtube channel and SunCrypto Academy to educate its users and other crypto enthusiasts about the cryptocurrency and blockchain industry.

SunCrypto Collaborated With TaxCryp

After the government introduced the 1% TDS and 30% tax, the problems of crypto users were far more than just paying the tax. That is the need of calculating the profits and losses and analyze the data for the whole financial year. And because of that SunCrypto joined hands with the leading taxation platform TaxCryp to make the tax calculation part easier for all SunCrypto users.

This collaboration must be solving the biggest issues of tax calculation for crypto users. Here users got the one-touch integration of Taxcryp on SunCrypto and because of that users could directly see their trade report and summary from the SunCrypto and TaxCryp will provide the data of the exact amount that the individual needs to pay to the Indian government. With this SunCrypto has cleared two goals, one becoming the best cryptocurrency platform to use. Secondly, It became one of the earliest exchanges to implement one-touch integration with Taxcryp to generate crypto taxation reports and limited the daunting process of crypto tax calculation.

TaxCryp Becoming A Reliable Source For SunCrypto Users

Taxcryp is not any simple taxation platform as its more focused on empowering the customers to get complete control of their tax obligations, along with making informed decisions. Taxcryp as a company was started in April 2022 with its three founders Mr. Anmol Chawla, Mr. Indy Sarker, and Mr. Vaibhav Gupta.

Meet Indy Sarker, a seasoned capital markets professional turned entrepreneur, co-founding ANALEC and spearheading innovative financial technology solutions. Joining him on this journey is Anmol Chawla, a dynamic entrepreneur passionate about driving India's digital assets ecosystem forward. Adding to the team is Vaibhav Gupta, a tax specialist with extensive consulting experience, providing invaluable tax and regulatory expertise to TaxCryp. Altogether, Indy, Anmol, and Vaibhav aim to revolutionize India's crypto landscape with TaxCryp's smart technology, ensuring accuracy, transparency, and compliance.

Closing Thoughts

The collaboration between SunCrypto, and TaxCryp, is set to revolutionize the crypto landscape in India. SunCrypto's rapid growth and popularity can be attributed to its focus on simplicity, security, and education for its users.

By partnering with TaxCryp, SunCrypto addresses the challenges of tax calculation and provides a seamless solution for its users. Together, they are driving the transformation of India's crypto ecosystem with their commitment to accuracy, transparency, and compliance.

(Disclaimer: The above content is a press release and PTI takes no editorial responsibility for the same.). PTI PWRPWR

Excerpt from:

SunCrypto- Indias Leading Cryptocurrency Exchange Collaborates With Taxation Giant TaxCryp - The Week

Generational differences in investment behaviour among consumers in Ireland has been highlighted in a survey by Banking & Payments Federation Ireland.

It found that younger people more likely to invest in cryptocurrencies and invest online, and under 35s are more likely to seek information about investments through informal channels such social media or friends and family.

The findings, which show that one in three adults in Ireland have some form of investment, also reveals that one in five younger people hold cryptocurrencies such as bitcoin or Ethereum.

BPFI said it is concerning that one in five consumers who hold investments said they did not closely monitor their investments with 16% indicating they did not understand the fees and taxes they needed to pay for their investments.

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"Across all age categories however, we see that Irish investors are conservative in their approach to financial and investment decisions with most considering the level of risk involved and the expected return as the most important factors when considering where to invest," said BPFI Chief Executive, Brian Hayes.

"However, it is a cause for concern that one in five investors indicated that they did not closely monitor the performance of their investment and 16% indicated they did not understand the fees and taxes they needed to pay for their investments."

The survey also found that men are much more likely to hold investments (44%) than women (26%).It found the main types of investment are stocks or shares (held by 15% of adults), investment funds (11%), government or corporate bonds (8%) and cryptocurrencies (8%). Cryptocurrencies are most likely to be held by 18-34 year olds (16%) compared to only 3% of over 55s.

The survey showed that investment funds and government or corporate bonds appeal most to those aged over 55: 17% and 12%, respectively. Stocks and shares appeal to all age groups.

Advisors in brokers or banks and investment companies were the most used sources of information on investing, at 38% and 35%, respectively.

"Investment products can offer a good opportunity to grow your money in the longer term but as investment options continue to diversify it is important make informed decisions, understand the product and monitor its progress," Mr Hayes said.

"In the digital era, there are multiple sources of advice and information which can be helpful but consumers should consider balancing this with professional advice through your bank or broker, not only to help mitigate risk, but also identify the wide range of opportunities that best meet their needs and means."

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Younger people more likely to invest in cryptocurrency BPFI - RTE.ie

Pune, 13th May 2023: A shocking case of online fraud has come to light as a businessman was swindled of Rs 1.12 crore under the pretence of investing in the cryptocurrency Bitcoin with promises of high returns.

The victim, a 46-year-old resident of Vadgaon Sheri, Pune, filed a complaint with the cyber police station in Shivajinagar regarding the incident. The police have registered the case against Daniel Cooper, Alexander Hoodhead, and two other individuals responsible for holding the mobile phones used in the fraudulent activity. The fraudulent transactions took place between 20th September 2021 and till date.

According to the police investigation, the accused individuals, Daniel Cooper and Alexander Hoodhead, contacted the complainant through mobile phones and email. They posed as representatives from the tradex.com trading site and enticed the victim with promises of significant returns by investing in Bitcoin, a popular cryptocurrency.

Subsequently, the accused fraudulently obtained 2.796366 bitcoins from the victim, amounting to a total value of Rs 1 crore 12 lakh 60 thousand, for their financial gain.

Senior Police Inspector Minal Supe Patil from the Cyber Police Station is currently leading the investigation into this case.

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Cryptocurrency: Pune Businessman Duped of Rs 1.12 Crore in ... - Punekar News