Monthly Archives: February 2022

Why Cathie Wood Sees Bitcoin And Ethereum As Great Assets For Diversification In 2022 – Benzinga – Benzinga

Posted: February 7, 2022 at 6:51 am

Ark Invest CEO and founder Cathie Wood took stock of the recent corrections seen in the prices of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices and touched on their utility for diversification purposes in the latest episode of the firm's "In the Know" podcast.

Why Crypto Is Down: Wood saidthat more and more hedge funds are involved in Bitcoin and Ethereum and with the contraction seen in regular markets a higher correlation in the prices of cryptocurrencies is visible.

However, over the full market cycle, this correlation is extremely low, according to wood.

See Also: How To Buy Bitcoin (BTC)

Interesting For Diversification: This low-correlation with other assets makes cryptocurrencies a very interesting asset for diversification purposes, Wood said.

The hedge fund manager broke Arks understanding of cryptocurrencies in three ways:

In January, Ark analyst Yassine Elmandjra had pointed to the velocity of fiat currencies, which could worsen inflation and currency devaluation.

At the time, Ark Invest said that if Bitcoin could capture just 5% of the global monetary base beyond the largest of four fiat currencies, its market cap could triple to $2.8 trillion by 2027.

Read Next: Bitcoin Crosses $42K Level, Ethereum Above $3K As Dogecoin And Meme Coins Shine Too Why The Pressure On Crypto Market Is Still On

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Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin Featured Bitcoin News – Bitcoin News

Posted: at 6:51 am

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are destroying the U.S. dollar. Noting that they are sending billions of dollar savers and uninformed investors to financial hell, he advised, Save gold, silver, and bitcoin.

Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted this week that the Federal Reserve and the U.S. Treasury Department are destroying the dollar.

Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki wrote, There are a million paths to financial heaven and a billion paths to financial hell, adding:

Fed and Treasury [are] destroying the dollar sending billions of dollar savers and uninformed to financial hell. Go to financial heaven. Save gold, silver, and bitcoin.

This is not the first time the famous author has warned about the Fed and the Treasury hurting the economy and individual investors.

In December last year, Kiyosaki tweeted a warning that the Fed and U.S. President Joe Biden are pushing fake inflation. He predicted an imminent, massive crash that will be followed by a depression.

Kiyosaki also said in October last year that Biden and the Fed are ripping off poor people, reiterating that the U.S. is sliding into a depression. Inflation rips off the poor. Inflation makes [the] rich richer, he stressed. The famous author also tweeted in the same month:

I love bitcoin because I do not trust [the] Fed, Treasury, or Wall Street.

Kiyosaki has been recommending that investors buy gold, silver, and bitcoin for quite some time.

In January, the famous author said it was great news that the price of bitcoin was crashing. He added that he will buy more BTC when the price of the cryptocurrency tests $20K. In November, he said he will also buy ether as inflation fears escalated.

What do you think about Robert Kiyosakis advice? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Rich Dad Poor Dad's Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin Featured Bitcoin News - Bitcoin News

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Cryptocurrencies Price Today: Bitcoin and Ethereum are in Green – Analytics Insight

Posted: at 6:51 am

This article features the top ten cryptocurrency prices today on February 07, 2022

Bitcoin, the worlds most popular cryptocurrency, was trading at US$42,841.17 or 3.21 percent higher than its price 24 hours ago. Nine out of ten major cryptocurrencies are in the green today on February 07, 2022. Here are the top 10 cryptocurrency prices you should check before investing.

Analytics Insight lists the top 10 current cryptocurrency prices on February 07, 2022

Bitcoin (BTC)- US$42,817.91 (up by 3.21%)

Ethereum (ETH)- US$3,079.92 (up by 2.25%)

Tether (USDT)- US$1.00 (down by 0.01%)

Binance Coin (BNB)- US$427.04 (up by 2.80%)

USD Coin (USDC)- US$0.9996 (up by 0.02%)

Cardano (ADA)- US$1.16 (up by 4.00%)

XRP (XRP)- US$0.7234 (up by 8.21%)

Solana (SOL)- US$119.58 (up by 5.69%)

Terra (LUNA)- US$57.46 (up by 2.91%)

Polkadot (DOT)- US$22.02 (up by 3.91%)

According to CoinMarketCap, the global crypto-market cap is US$1.96T with a volume of US$68.51 billion over the last 24 hours with a decrease of 2.92%.

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Cryptocurrencies Price Today: Bitcoin and Ethereum are in Green - Analytics Insight

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Bitcoin is trying to make a comeback as it holds above 31 lakh – Business Insider India

Posted: at 6:51 am

Bitcoin is trying to make a comeback as it holds above 31 lakh https://www.businessinsider.in/cryptocurrency/news/bitcoin-ethereum-cardano-and-others-are-making-a-comeback/slidelist/89395672.cms2022-02-07T09:08:21+05:302022-02-07T08:52:16+05:30

BI India BureauFeb 7, 2022, 09:08 IST

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It has climbed by 1.09 percent over the course of the day

It has climbed by 1.09 percent over the course of the day

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Its up by 0.54 percent since yesterday

Its up by 0.54 percent since yesterday

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Its only cryptocurrency to have taken a hit of 0.63 percent over the course of the day

Its only cryptocurrency to have taken a hit of 0.63 percent over the course of the day

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Its current price is resting at 0.00214758

Its current price is resting at 0.00214758

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These are the top cryptocurrencies by volume according to Coinbase | Prices updated as of February 7, 8:30 am IST and may change over the course of the day

These are the top cryptocurrencies by volume according to Coinbase | Prices updated as of February 7, 8:30 am IST and may change over the course of the day

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Quantum computers may be able to break Bitcoin sooner than you think – TechRadar

Posted: at 6:51 am

Advances over the next decade could pave the way for quantum computers powerful enough to crack Bitcoin encryption, new research suggests.

Scientists from the University of Sussex in the UK estimate that quantum systems with 13 million qubits would be sufficient to break the cryptographic algorithm (SHA-256) that secures the Bitcoin blockchain within the space of 24 hours.

Although modern quantum computers come nowhere close to this level of performance (the current record is a comparatively measly 127 qubits), the researchers say significant developments over the next ten years or so could yield quantum machines with sufficient horsepower.

The ability to break the encryption protecting the Bitcoin network would allow an attacker to hijack transactions and reroute coins into their own wallet. In this hypothetical scenario, the market would surely crumble as soon as an attack became apparent, wiping out hundreds of billions of dollars in value.

For the time being, cryptocurrency enthusiasts can rest easy in the knowledge that cracking the SHA-256 algorithm is impossible with current hardware, but that wont always be the case.

Manufactured by IBM, the current most powerful quantum system is touted as the first whose performance cannot be reliably replicated by a classical computer, but its still a long way shy of the 13 million qubits required to break Bitcoin.

However, there is extensive research ongoing into all aspects of quantum computing, from almost all the worlds largest technology companies. A lot of work is going into increasing the number of qubits on a quantum processor, but researchers are also investigating opportunities related to qubit design, the pairing of quantum and classical computing, new refrigeration techniques and more.

In all likelihood, Bitcoin will fork onto a new quantum-safe encryption method long before a sufficiently powerful quantum computer is developed, but the research raises an important point about the longevity of encryption techniques nonetheless.

As noted by Mark Webber, lead researcher on the project, because advances in quantum computing will inevitably render modern encryption redundant, it would be a mistake to assume that information encrypted today will remain secure tomorrow.

People are already worried because you can save encrypted messages right now and decrypt them in the future, said Webber. Theres a big concern we need to urgently change our encryption techniques, because in the future, theyre not secure.

Via NewScientist

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Why Vaping Weed Provides A Different High Than Smoking – Benzinga

Posted: at 6:50 am

This article was originally published on The Fresh Toast and appears here with permission.

For cannabis enthusiasts, pulling out a vape pen has become preferable to rolling up a joint or a blunt for numerous reasons. Vaping is generally more convenient and discreet than smoking. Theres also research displaying evidence that vaping gets people higher than traditional methods of smoking.

Regardless, there are still many cannabis enthusiasts who arent fans of vaping due to the simple fact that it provides a different high than smoking.There are numerous reasons why thats the case. Here are just a few.

There are a variety of terpenes in cannabis that have a profound impact on the way cannabis enthusiasts feel when consuming marijuana. When people choose to vape cannabis its easier for them to enjoy the flavor of specific strains because the terpenes arent being burned.

The combustion that takes place when lighting a doobie or a bowlburns away the terpenesthat provide flavor, along with many of the cannabinoids that provide strains with their distinctive qualities. Vaporizing allows cannabis enthusiasts to alternate the temperature levels of their devices which means its easier to preserve the subtle nuances a marijuana strain is capable of providing. This is one of the biggest reasons vaping marijuana often provides a different sensation than smoking it traditionally.

Another reason the vaping experience differs from that of traditional smoking is because it doesnt come with the harmful chemicals that come with smoking. This could be part of the reason why a vaping high can make cannabis enthusiasts seem more energetic. When smoking a joint or blunt its not unusual for people to spend the rest of the day on the couch. The cleaner high that vaping provides is both healthier and more conducive to having a productive day, while still being able to enjoy marijuana from time to time as it progresses.

One of the biggest reasons vaping provides a different high than smoking is due to the amount of THC that enters the bloodstream from vaping. Both vaping and smoking both allow THC to enter the bloodstream directly through the lungs. Even so,recent research revealsthat vaping results in higher levels of THC in the bloodstream when compared to smoking.

In the study, participants were each given 25 mg of THC to vape and 25 mg of THC to smoke. The group that vaped the 25 mg of THC had what was described as more significant drug effects when vaping, as opposed to smoking. This helps explain why vaping marijuana is capable of getting people higher than traditionally smoking.

Ever since the popularity of vaping cannabis began to rise, the debate over which method is more effective has raged on amongst cannabis enthusiasts everywhere. The science behind why vaping is more effective at providing a stronger high than smoking is still in its early phases, but the current evidence behind why thats the case is compelling to say the least.

Keep this information in mind for the next time someone tries to describe why vaping isnt as effective as regular smoking methods like bowls and blunts!

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Raid of Minnetonka house nets nearly 400 pounds of marijuana, 700 THC vaping cartridges and $26000 – Minneapolis Star Tribune

Posted: at 6:50 am

Two men have been arrested and nearly 400 pounds of marijuana and hundreds of THC vaping cartridges seized in a "significant haul" of illegal drugs at a Minnetonka home, authorities said Thursday.

The men were awaiting charges after they were arrested Tuesday at their home near Interstate 494, said Lt. Derek Schuldt, commander of the Anoka-Hennepin Narcotics and Violent Crimes Task Force.

Schuldt said the investigation was continuing. "This overall case just kind of keeps building. ... It just keeps leading places," he said.

Authorities seized 700 vaping cartridges, along with 9 pounds of THC wax, more than 3 pounds of psilocybin mushrooms, 6 ounces of cocaine, 300 prescription pills and $26,000.

Schuldt said he suspects other people were involved in the drug operation.

"This is a pretty significant haul to put on two people," he said.

The Southwest Hennepin Drug Task Force assisted in the raid.

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USA Tobacco and Vape asked to submit floor plans to move forward with selling vape products – Martinsburg Journal

Posted: at 6:50 am

MARTINSBURG Monday's City of Martinsburg Board of Zoning Appeals meeting saw conversation surrounding issues regarding zoning ordinances in city limits connected to the selling of vape products.

Mohammed Nahshal, owner of USA Tobacco and Vape at 704 Winchester Ave., addressed the board to discuss the inspections, renovations and investments he's already been through in light of a recent notification that his store may not be allowed within its current zone an urban residential zone.

While the city's zoning ordinance allows vape product to be sold, floor space dedicated to such must be under 50% of the store, which Nahshal said it was.

In the end, the board encouraged Nahshal to provide evidence he met the less-than-50% threshold to move forward with the opening of his business.

According to official documents for the meeting, the applicant, Nahshal, requested an administrative appeal, pursuant to the Martinsburg Zoning Ordinance, to have a tobacco and vape shop at 704 Winchester Ave. in the urban residential zone.

I am writing to you with a plea to allow me to receive the zoning permit needed to open my store, Nahshal wrote. I was recently notified that the zoning permit has been changed so that vapes and vaping products are not allowed to be sold in that area. I have been renovating, gathering inventory and doing the necessary steps to open this store since August. For four months now, I have had several meetings and inspections with the city in which no one informed me that we were unable to sell vaping products in that area.

There were four separate inspections, in which an added wall, exit signs, fire extinguishers, removal of fire hazards and a plumbing permit for an added bathroom were checked, according to Nahshal. He added that during these meetings and inspections, it was clear that vapes would be sold, as well as tobacco products. He reported that he has already invested close to $200,000 into the store.

If I was told early on the zoning did not allow vaping products, then I would not have continued to invest money, time and effort into the store. Not being able to open this store would be a great loss for me, he added in the letter to the board.

After reporting to have complied with all the necessary changes requested to receive the zoning permit, Nahshal requested the help of the board of zoning appeals to assist him in continuing to move forward in opening the store.

The property owner was informed via telephone conversation in the spring of 2021 that a tobacco/vape shop was permitted at that location as a non-conforming use. The owner or applicant conducted building remodeling without a building permit during the summer of 2021. In July 2021, the new zoning ordinance was adopted. Numerous attempts were made to contact the owner to obtain a permit with no response, the official staff report states. A building inspector, fire inspector and city planner conducted a U&O inspection and found the work was not up to code nor permitted and requested permits for the completed work. Once the permits were submitted and reviewed, it was determined that the use was not permitted at that location. The ordinance permits cigar, cigarette and tobacco stores within the urban residential zone by right as neighborhood retail but not electronic cigarette/vaporizer' stores.'''

According to the ordinance, A business establishment for which more than fifty percent (50%) of the floor area is dedicated to the storage, mixing, display, and/or retail sale of electronic cigarette devices, nicotine-enriched solutions, and/or liquid products that are manufactured for use with electronic cigarettes, the following supplemental use regulations apply: a.) applicants shall present information to the building code official regarding proper ventilation and b.) outdoor use prohibited, in all districts, this use is prohibited in outdoor spaces.

Dana Keith, City of Martinsburg planner, said that at the meeting on Monday, Nahshal claimed that he was following the regulations by having less than 50% of the floor area dedicated to vape products.

The board upheld the planning staff decision and said the applicant should come back to work with them, she reported.

She added that it was encouraged that Nahshal come back and submit a floor plan to prove the statement made regarding the dedicated vape product floor space being under 50%.

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(New Report) Vaping Tanks Market In 2022 : The Increasing use in Personal Use, Commercial is driving the growth of the Industry across the globe The…

Posted: at 6:50 am

[100 Pages Report] Vaping Tanks Market Insights 2022 Vaping tank is the primary parts of an e-cigarette.

Market Analysis and Insights: Global Vaping Tanks Market

The global Vaping Tanks market was valued at USD million in 2020 and it is expected to reach USD million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Vaping Tanks Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.

Global Vaping Tanks Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

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Leading key players of Vaping Tanks Market are

Vaping Tanks Market Type Segment Analysis (Market size available for years 2022-2027, Consumption Volume, Average Price, Revenue, Market Share and Trend 2015-2027): Open Vaping Tank (OVT), Closed Vaping Tank (CVT)

Regions that are expected to dominate the Vaping Tanks market are North America, Europe, Asia-Pacific, South America, Middle East and Africa and others

If you have any question on this report or if you are looking for any specific Segment, Application, Region or any other custom requirements, then Connect with an expert for customization of Report.

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(New Report) Vaping Tanks Market In 2022 : The Increasing use in Personal Use, Commercial is driving the growth of the Industry across the globe The...

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Six Years After Its Release, The Pax 3 Is Still the Best Cannabis Vape You Can Buy – InsideHook

Posted: at 6:50 am

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Were well beyond the notion that cannabis is taboo. Nearly a decade after Colorado and Washington became the first states to legalize recreational weed, 16 other states have followed suit and dozens more have relaxed draconian laws. What was once a substance demonized by Nixons DEA as a gateway drug is now widely accessible and accepted across the country.

Just as the perception of cannabis has changed, so too have the means by which we consume it. While most of us are familiar with bong rips and edibles, vaping remains a discrete, efficient means of getting high thats still being refined by the cannabis industry to this very day. And in spite of all thats changed, the Pax 3 is still the best way to vape flower and concentrate despite the fact that it was released in 2016.

I still remember when vaporizers like the Volcano were mainstream. Garish and bulky, stationary vapes made appearances at college parties on the rare occasion that someone could afford one. But Pax (then Ploom) turned the cannabis world on its ear in 2012 with the Pax 1 a portable, handheld vape that allowed for discreet, low-profile use.

Years later, the Pax 2 launched with serious upgrades, and the Pax 3 followed shortly after. Sleek and wonderfully simple, the single-button design offered better battery life, adjustable heat settings via Android app (sorry, iPhone users), Bluetooth connectivity and the ability to heat flower or concentrate, making it one of the best cannabis vaporizers on the market. Years later, that sentiment still rings true.

Beyond the obvious stats available on the Pax website, the $250 kit includes a few accessories. Alongside the vape, Pax includes a magnetic charging cable, cleaning kit, carrying case, keychain multi-tool, screens and two mouthpieces. And if a vaping kit seems a bit overkill, simply pick up the Pax 3 with the charger and maintenance tools for $200. Its easy to use on the fly, easier to clean than a gritty bowl, and does the job without fuss.

The Pax 3s portable design is perfect for toking on the go

Pax

Before I began testing the Pax 3, it was my understanding that vaping weed was preferable to smoking it. Thats because, unlike bongs or joints that require a direct flame, Pax devices vaporize weed by applying concentrated amounts of heat to release the cannabinoids in flower. Its a process that significantly decreases respiratory irritation so long as you keep the temperature low, which is perfect for regular users.

As a longtime traditional toker, switching to a vaporizer was a foreign experience. For starters, Ive come to anticipate the smokey burn of ignited flower and a mouth full of fumes, but as I quickly learned after using the Pax, vaporizing is an incredibly clean experience I often took hits so clean that exhales yielded no sign of vapor. The taste of cannabis was also stronger and cleaner, which meant I could detect rich flavors that have evaded my tastebuds for quite some time. And because the Pax 3 is smart, I was able to control the temperature settings and toggle the vaping mode to customize the experience to my liking.

But perhaps the biggest surprise to come from vaping weed was the high. While smoking often generates an immediate, noticeable head high, vaping cannabis yields a slower, escalating high that peaks after approximately 15 minutes. Its a sensation that takes getting used to, but I was accustomed to it after a few nights of regular use. Though I dont care much for concentrates, the Pax 3 also ships with a concentrate insert (sold separately for $50 or included with the kit) that inserts into the oven chamber to vaporize extracts.

Regardless of your motivation, how you choose to get high is simply a matter of preference. Some enjoy the body high that comes with edibles, others prefer the steady high brought on by smoking and then there are those who just want to rip a bong and lay on the couch. While vaporizers offer a cleaner, more controlled means of getting baked, it might not be your first choice. Ive come to appreciate the Pax 3s creeping high, but there are times when I just want to puff on a joint or smoke a bowl if only because its what Im accustomed to.

And yet, the Pax 3 is certainly a capable tool that Im happy to have in my arsenal. Its a little pricey at $250, so if youre new to the cannabis scene, you might consider the Pax Era series instead for its entry-level cost. But if you enjoy vaping, clean highs and dont mind jumping on the digital weed train, the Pax 3 is the same safe bet it has been for years.

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