Schlagwort-Archive: cryptocurrency

AMFEIX Fund: Where Your Bitcoin Investment Consistently Multiplies

AMFEIX Fund: Where Your Bitcoin Investment Consistently Multiplies

                                

Bitcoin holders who want to see their crypto multiply now have somewhere they can invest

it and see it grow. At AMFEIX Fund, managed by AMFEIX Digital Asset Management, investors will experience increased returns after the firm profits from trading different crypto-crypto and crypto-fiat pairings. With only 0.02 BTC, any investor has an opportunity to participate in a very lucrative venture that promises an average of 23 % in monthly returns.

Why Invest in AMFEIX

Secretive and Undemanding Registration Process

AMFEIX.com allows investors to deposit their crypto with the fund without providing any personal details. They can keep their details private by using pseudo-anonymous addresses. When it comes to the process of registering for an account, it is effortless. After you create your wallet, you will need to transfer Bitcoin from either your existing wallet or exchange. Once you send your bitcoin to the AMFEIX wallet, your amount will reflect on your wallet. However, you will wait for 24 hours for the amount to reflect on the AMFEIX Fund page.

Nil Fixed or Hidden Fees

AMFEIX does not have any fixed or hidden costs. The firm only deducts 20 percent of the profits it generates as a compensation for the services it renders; it researches on the best pairs to trade in so that it can generate profits for its investors and, thereby, get some compensation.

Favourable Profit Sharing

AMFEIX uses a 2:8 profit sharing ratio to distribute profits, meaning that the firm earns 20% while the investors take 80%.

Continuously Compounding Capital

Once investors make a profit, they can choose to reinvest their gains and see their wealth grow continually.

One-click Withdrawal Procedure

For withdrawals, the process is only done by clicking a button. Investors can withdraw their funds, either in full or in part. After 24 hours of making the withdrawal request, investors will find their funds, ready for withdrawal, in their wallet.

Very Secure Site

AMFEIX uses several ways to guarantee the security of funds in its platform. Because the platform is built on Ethereum platform, it is decentralized, ensuring that no entity can try to interfere with investors’ funds. To protect funds from hackers who may try to steal them, AMFEIX uses cold storage. Since cold storage is detached from the internet, the funds are protected from any unauthorized access and any vulnerability that may emanate from the World Wide Web. Traders have seed keys that they use to access their wallets. The keys comprise of 12 letters, which the investor should memorize; the keys are used to link their devices to their account and require a password consisting of 8 characters to access their wallets.

Safe Investment Policy

AMFEIX has a safe investment policy that entails to only allocate 30-50% of funds for trading at any particular time. Such a move ensures that the firm does not lose a lot due to risky trading decisions.

Highly Rewarding Referral Program

Investors can use the AMFEIX referral program to get huge rewards by only referring their friends to invest with the firm. After your referrals have invested in the fund, out of the profits they make, you will get a 10%.

Article Produced By
Adrian Mathiau

https://cryptocrimson.com/amfeix-fund-where-your-bitcoin-investment-consistently-multiplies/

Heiko Closhen, Entrepreneur

Can Bitcoin Be A Good Future Investment?

Can Bitcoin Be A Good Future Investment?

                              

Bitcoin has suffered a lot in 2017.

Its price dropped from an all-time high of $19,783.06 on December 17, 2017 down to just $3,747on January 1, 2019. That’s an 81% drop in a span of 12 months. Bitcoin’s value during that period suffered a lot because of numerous hacks and thefts experienced by several established cryptocurrency exchanges around the world. Fortunately, Bitcoin’s value has risen over the last couple of months and is now on an uptrend. Bitcoin’s price today is hovering above the $10,000 mark. 

It is believed that after the crash of Bitcoin’s price in 2017, the market needed to be stabilized and must be corrected so it can experience a rise again. Some say that Bitcoin is due for a rise these coming months because of the sentimental attachment of investors who lost a lot and those who are still holding on to their Bitcoins. On the other hand, others predict that Bitcoin’s value will continue to crash. Despite these opposing views, if you’re still interested in investing in Bitcoin, you can visit bitcoin-revolution.io for more information. For now, let’s try to figure out whether Bitcoin is still considered to be a good future investment. 

The Future of Bitcoin

It’s not a secret at all that cryptocurrencies, especially Bitcoin, are so volatile. Their value tends to fluctuate over and over again, but there is also overwhelming evidence that cryptocurrencies are here to stay. Even though Bitcoin is relatively new and unregulated as a digital currency, it is still very popular because of the fact that no central authority, government, bank, financial institution or country has control over it. Most people have a growing distrust of traditional banks, which cause them to turn to digital currencies instead. That said, Bitcoin will most likely stick around because of the popularity it is enjoying today, even though more and more cryptocurrencies are coming out. 

It’s also worth noting, however, that as Bitcoin continues to be strongly popular, regulations that surround this digital currency will also become stronger. In fact, multiple countries such as Brazil, China, Russia, and Venezuela have declared that they are going to develop their own cryptocurrency in the future. So if you think that investing in Bitcoin is no longer a good future investment, you are mistaken. Check out the following reasons why Bitcoins are still a very good investment in the long run:

  1. High Adoption Rate

Out of the 1,600 cryptocurrencies on the market, Bitcoin is one that has been able to prove itself and has established good credibility over the years. This is also the reason why everyone is starting to adopt Bitcoin more and more. Even the biggest companies of the world like Amazon and Apple are already adopting cryptocurrencies, especially the blockchain technology that was introduced alongside Bitcoin in Satoshi Nakamoto’s whitepaper. Countries such as Argentina, Colombia, and Venezuela also showed an increase in the number of Bitcoin trading over the last couple of months. Bitcoin trading volumes around the world are likely to see a significant increase over the next couple of years since countless people are beginning to adopt Bitcoins. 

  1. Cryptocurrency Bull Run

The cryptocurrency bull run is what is called as “invest now and double your investment later on.” As of now, we are currently riding this bull run, making this the perfect time to invest in Bitcoin. Whether you’re a beginner or daily trader, investing in Bitcoin today is one of the best investments you can make. Bitcoin promises big returns on investment (ROI) in the future, and the best thing about it is that you don’t even have to make a very large investment. While a lot of people are questioning the future of Bitcoin and whether it’s still good to invest in it after the crash of 2017, what they often fail to realize is that after the crash, Bitcoin has started to recover. As mentioned, it is going through an uptrend that will likely continue for the next couple of years. 

  1. The Demand for Bitcoin is High

Since Bitcoin is the most popular of all the cryptocurrencies on the market right now, it is also because of this popularity that the demand for Bitcoin is very high. However, even with a high demand, Bitcoin is considered to be scarce. At the time it was introduced, there are only 21 million Bitcoins available. Out of that number, 17 million have already been mined. There are now only 4 million Bitcoins left, but it is expected that more and more Bitcoins will be available soon. This is why it is recommended that you invest in Bitcoin now. As the demand increases, so will its value. This will give you a fair amount of ROI in the next couple of years.

Conclusion

Bitcoin is starting an epic financial revolution that invites everyone to get rich and earn a fair amount of ROI in the years to come. Bitcoin won’t only help make you wealthy, but it can also open up for you more revenue streams. However, you have to know that Bitcoin is not the only cryptocurrency out there. In case you haven’t noticed, when Bitcoin’s value surges, other cryptocurrencies are also likely to follow. That said, it is a good idea to invest in other cryptocurrencies as well since they can provide you with good revenue in the future.

When it comes to Bitcoins, the question shouldn’t solely revolve around whether or not you should invest in it. You should also make it a point to know how you can accomplish this endeavor. The best thing you can do to succeed in investing in Bitcoin is to educate yourself about Bitcoins and cryptocurrencies as a whole. If you feel like you’ve already acquired the necessary knowledge, you can then come up with your own answer. When you start investing in Bitcoin, just start small as you continue to learn more about it. Moreover, never invest anything that you can’t afford to lose so you won’t have any regrets later on.

Article Produced By
Michael Rigario

https://cryptomode.com/can-bitcoin-be-a-good-future-investment/

Heiko Closhen, Entrepreneur

4 Benefits For a Business to Invest in Bitcoin

4 Benefits For a Business to Invest in Bitcoin

                                                                                      

Bitcoin (BTC) has garnered the notice of investors and companies from all industries.

Today’s leading cryptocurrency has shown its viability as a medium of exchange through its performance in recent years. Because of its effectiveness, altcoins such as Ethereum, Litecoin, Dash, and Bitcoin Cash have emerged.

The primary characteristic of BTC that entices a lot of people is that it’s decentralized. There’s no single entity, whether a government or financial institution, that controls it. The electronic cash system relies heavily on its user community through peer-to-peer transactions. Miners in the network verify these transactions, which are then added to the blockchain that acts as a public ledger where all transfers are recorded. This transparency allows the system to be self-regulating. Business owners benefit from investing in this cryptocurrency.

Asset Diversification

Having a variety of asset classes in your investment portfolio reduces the risk of significant losses in case the value of a particular asset plummets over a period. Asset diversification enables you to enjoy the perks of different investment types, which perform best at various economic cycles. As a business owner, it’s wise to use a portion of your revenue for trading and other investment opportunities. This way, you take advantage of higher profits through dividends and the like, which is much better than merely relying on interest rates when you keep them in the bank. Investing in Bitcoin, along with bonds, stocks, and mutual funds, can diversify your portfolio and minimize the risk of potential loss regardless of market movement. BTC may still be volatile, but its value continues to rise even with the fluctuations.

Although it surged to new heights in 2017 and followed a crash, it certainly has come a long way from its equivalent dollar price during its early years. Plus, lots of people are deeming it as the currency of the future, so it makes a lot of sense for you to invest in it now and reap the rewards later. You can increase your digital assets by buying Bitcoin using fiat or real-world money. It works similarly to traditional stocks. However, if you’re still apprehensive about the process, you can take advantage of automated trading bots. According to Max Harris, Bitcoin Future is an easy-to-use trading platform that enables users to gain a profit without stressing too much on monitoring the market.

Advantageous Payment Solution

Investing in Bitcoin can give your business a boost because it’s an effective payment solution. It has minimal transaction fees because the process doesn’t entail too many intermediaries as is the case for traditional fiat currency. You also help your customers get the best value for their money because there won’t be additional costs to their payment like foreign exchange rates and transaction fees from banks. BTC is a global currency, so you can send payment to suppliers and receive payments from customers no matter where they are in the world with a lesser transaction cost at that. You just need to sign up for a crypto wallet and inform shoppers that you now accept Bitcoin as compensation for your goods and services.

These are some tips to ensure that you’re storing your Bitcoin safely:

  • Create a Strong Password – When signing up with an online exchange or wallet, prepare a strong password that’s a combination of letters, numbers, and special characters. Use different cases as well, capitalizing some letters while utilizing lowercase for others.
  • Use Two-Factor Authentication – It’s also recommended that you enable two-factor authentication every time you sign up or transfer funds. With this, the system confirms that it’s you who’s executing the task by sending you a verification email or a one-time passcode on your registered mobile phone.
  • Have Separate Wallets – Use two different wallets for your business dealings. You can have one that’s specifically for receiving payments from customers, another for paying your suppliers, and a different one for keeping your savings or trading capital. Just be sure to transfer the funds from the first storage to the others through a secure connection.
  • Dedicate a Device for Transactions – As much as possible, set aside a device that’s purely for your Bitcoin transactions. Accessing your digital wallets through multiple computers or phones can increase security risks since you can’t always monitor the vulnerabilities of those gadgets.
  • Invest in a Hardware Wallet – Bitcoin is a digital asset that’s composed of encrypted addresses on the blockchain. To protect your funds further, you can purchase a hardware wallet specifically designed to store these unique keys. This hardware is similar to USB devices, which connect to your computer with ease. Security features include a PIN and a “seed” in case you forget the former.
  • Keep Private Keys Offline – Create backups of your wallet as well. This way, you can still retrieve your electronic cash in case your computer gets broken, or your hard disk fails. It’s best to have a backup after each transfer or, at the very least, after every 100 transactions so that you always have the updated files containing the latest private keys of your Bitcoin funds.

Earn Interest on Your Investment

Instead of merely buying Bitcoin for personal use, you should invest it since the process will give you more BTC in the long run. You earn the cryptocurrency when you put your money in it. It may seem insignificant at first, but you’ll definitely feel the impact in the future.

Increasing Adoption

Bitcoin’s high adoption rate is one of the reasons why it’s a good future investment. As mentioned above, the cryptocurrency’s performance has gained the interest of investors, companies, and governments. Many countries are drafting up regulations, which show that BTC is rapidly becoming a widely-accepted medium of exchange for goods and services.

Conclusion

Invest in Bitcoin now while the iron is still hot. Analysts are predicting another bull run for the cryptocurrency, so it’s best to take advantage of the current market before it’s too late. As a business owner, you get the benefit of having a diverse investment portfolio and earn interest from these investments. Moreover, you increase your profits because you save on transaction 

Article Produced By
Michael Rigario

https://cryptomode.com/4-benefits-for-a-business-to-invest-in-bitcoin/

Heiko Closhen, Entrepreneur

2 Million Japanese People Using Brave Web Browser

2 Million Japanese People Using Brave Web Browser

                                

As of the end of August, 2019, Brave is the web browser of choice in Japan.

More than 2 million people in the country are now using the web browser. Overall, Brave is on more than 10 million devices, meaning Japanese people account for approximately 20% of all users. The accomplishment is quite a feat for a blockchain-based application. Many believe it’s a sign that the mass adoption of cryptocurrencies is inevitable. Brave is backed by users via the Basic Attention Token (BAT). BAT allows web surfers to earn tokens just for viewing privacy-respecting advertisements. Content creators earn revenue through donations from other users. Users can also choose to surf in an ad-free environment. No third-party ad blockers or plug-ins are required. The browser also uses less RAM than more popular browsers like Google Chrome and Apple’s Safari, making browsing speed faster while using less of a device’s resources.

Can Brave Become King of the Jungle?

Having 2 million people in one country using a web browser that is just a few years old is indeed an accomplishment. However, Brave still has a long way to go to challenge Google Chrome, Mozilla Firefox and Safari’s downloads. Of the three, Firefox ranks lowest on the list yet the platform still has over 100 million downloads. It will take some time to get there and more and more people are going to have to get comfortable using cryptocurrency. Maybe not right at first since knowledge of cryptocurrency is not a requirement to use the browser. But eventually, in order to take money out of the hands of centralized organizations like Google and Apple, people are going to have to pay for content using tokens.

This might seem like quite the hurdle in the technology space given that most people are comfortable with the platforms they are currently using and don’t want to go out of their way to change. But the cool thing about Brave is that the web browser automatically tracks the amount of time spent viewing content. The content creator receives a tip for their work based on the amount of attention they’re receiving from users. The individual user browsing their favorite websites doesn’t have to do anything. The setup is a total game changer and a huge advantage for Brave in the race for adoption. People who are comfortable with platforms they have been using for decades now have incentive to switch. The only thing they need to do to switch his download the browser and start using it.

The Driving Force behind Brave

Brave’s skyrocketing download numbers are certainly a reason for supporters of the project to be confident about both its present and future potential. Not only is it currently getting more downloads than Firefox in Japan, it’s actually among the top 10 downloads in the Google Play store in the country. Brave is even getting more downloads than the top ad blocker.

The real driving force behind the project however goes beyond the platform itself. It’s about the people behind it, namely CEO Brendan Eich and CTO Brian Bondy. Eich invented the JavaScript programming language that the Internet as people know it is practically built on. Bondy is one of the cofounders of Mozilla Firefox. He more than anybody would know how to build the browser that’s better than one he previously built.

All of this is why Brave and its BAT token may just be one of the few altcoins to come out of the woodwork among the thousands of projects that are trading on the open market today. It’s proving it has real value to users. Expect the members to keep going up as society continues to stand up in the name of data privacy rights and more and more people start showing off their level of bravery.

Article Produced By
Jack Choros

https://cryptoradar.org/brave-web-browser/

Heiko Closhen, Entrepreneur

How to Pay with Bitcoin

How to Pay with Bitcoin

                               

Learning how to pay with bitcoin is far from an essential life skill in 2019.

But if libertarians and enthusiasts have their way and mass adoption changes the world’s payment systems, it might be someday. If and when that happens, the lucky few who read this post are going to be ahead of the game. But before we go into the ways people use to pay with bitcoin now, it’s important to acknowledge what paying in bitcoin was like in the early days.

How to Pay with Bitcoin in 2010

Bitcoin’s blockchain launched in October of 2008. Laszlo Hanyecz made the first ever retail bitcoin transaction on May 22nd, 2010. What did he buy? 2 pizzas! In today’s market value, Hanyecz would have paid nearly $80 million dollars for those pizza slices. Aside from the value of the pizza order today, what’s striking about Hanyecz purchase is how elementary his request was back when he made it on bitcointalk.org:

“I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.  I like having left over pizza to nibble on later.  You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I’m aiming for is getting food delivered in exchange for bitcoins where I don’t have to order or prepare it myself, kind of like ordering a ‘breakfast platter’ at a hotel or something, they just bring you something to eat and you’re happy! I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that.  I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire. If you’re interested please let me know and we can work out a deal.”

Hindsight is Always 20/20

Notice the way Hanyecz positions everything. He’s just looking to cut a deal so he can eat some pizza. Obviously at this point in bitcoin’s adoption, he can’t just walk up to a point of sales terminal and order what he wants. He needs to go to an online forum and find someone willing to take a chance on what turns out to be an $80 million cut of an entirely new asset class!

What’s even funnier looking back is noticing that someone on the forum thought spending 10,000 bitcoins for a pizza was too much back then: “10,000… That’s quite a bit.. you could sell those on https://www.bitcoinmarket.com/ for $41USD right now.. good luck on getting your free pizza.” What a difference less than a decade can make. Here’s the thing. Spending bitcoins in 2010 wasn’t easy. Finding retailers to accept it likely left consumers with maybe one or two local options and perhaps a handful of them online. Today, major corporations are accepting cryptocurrency.

How to pay with Bitcoin in 2019

Nine years is a long time in the world of cryptocurrency. Not only is it significantly easier to pay for things with bitcoin today than it was back then, it’s easier than it was two years ago or even last year. Innovation in technology moves at the speed of light. The list of ways to pay with bitcoin is growing, and it will continue to grow as the days go by. For now, we’ll count them down.

Paying a Bitcoin Forward

At its heart, bitcoin is a peer-to-peer payment system. It always has been and it always will be. The basic principles of the blockchain make it so. Think about it. A blockchain is a decentralized database. In the case of bitcoin, it’s used as a public ledger that nobody can manipulate. Nobody owns it, and nobody can inflate the value of the currency built on it artificially. Blockchain is for everyone and by everyone. That’s why the good old fashioned way to pay for something with bitcoin will always be transferring value to a friend. Here’s how to do just that! Firs things first assuming you already know how to buy bitcoin, you might already have a wallet on a computer or smartphone.

If you don’t, Coinbase.com offers arguably the world’s leading crypto wallet. The portfolio of coins customers can buy and trade with Coinbase is always expanding. Right now, just using a credit card for a small instant purchase, customers can buy Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. The company’s trading service, Coinbase Pro, offers the opportunity to trade for many other currencies, but it’s only for American users. Nevertheless, paying a friend in bitcoin is really easy. Just have your friend generate a wallet address on their mobile device and give it to you via text or QR Code. In text, the address is just a long string of random characters like this: 1BoatSLRHtKNngkdXEeobR76b53LETtjaC (Note: This address is fake, don’t send any currency to it)

Take the text address your friend sends you and paste it into the Send field on your crypto wallet app. Choose the amount of cryptocurrency you’d like to send and then fire away. Don’t worry if your friend doesn’t receive the crypto right away. It can take a while for a transaction to go through, particularly on the Bitcoin network. The average completion time for a transaction is 10 minutes. If copying and pasting a bunch of random text is too much for you, using a QR code is even easier. A QR Code is a square filled with random black and white dots. It’s coded with the crypto wallet address. Simply scan a Send or Receive address using the camera embedded in a phone and viola, the transfer is complete.

Spending Bitcoin with Online Merchants

In 2010, having a large online merchant accept bitcoin was a foreign idea. Today it’s much more common. Overstock.com is perhaps the most recognizable brand accepting cryptocurrency. The ecommerce site is a poor man’s version of Amazon, or perhaps more like the furniture retailer Wayfair in a lot of ways. Overstock has been accepting bitcoins for years. The company is so bullish on it that CEO Patrick Byrne announced that the company was launching its own cryptocurrency in 2017 at the height of the initial coin offering boom.

Figuring out how to pay with bitcoin on Overstock isn’t rocket science. Simply choose bitcoin as the payment option at checkout. You’ll then be given a wallet address to send to and be given a small amount of time at a locked in bitcoin price, so that you’re not immediately susceptible to the price swings of cryptocurrencies. This ensures that you only pay the fiat value for the purchase. That’s it. Electronics junkies can do the same thing at NewEgg.com. Like Overstock, NewEgg isn’t new to crypto. The site has been accepting bitcoin for quite a while now.

Spending Bitcoin with Merchants Who Don’t Take It Directly

Even though the adoption of bitcoin is growing by leaps and bounds as the years go by, the reality is the majority of businesses don’t accept bitcoin. So what do you do when one of your favorite places to shop doesn’t take cryptocurrency? You use gift cards. eGifter.com allows people to buy gift cards with bitcoin from any number of stores. It makes paying with bitcoin more convenient in a sense because it broadens the range of retailers you can spend cryptocurrency with, just not in the most direct way. The one downside to using this approach when paying with bitcoin is that there is usually a built-in fee for making the purchase. In other words, you’ll have to spend a little more than a gift card is worth in order to acquire it. The one advantage to using a gift card however is that gift cards don’t expire, so you can keep them for a long time and make purchases whenever you’re ready. From that standpoint, spending money on gift cards might be good for somebody who is super enthusiastic about bitcoin and wants to live off of it on a day-to-day basis.

How to Use Credit Cards to Pay with Bitcoin

No there isn’t a way you can apply for a traditional credit card that lets you use bitcoin and pay it off later. All bitcoin-friendly credit cards are prepaid, meaning that you load them with currency in advance and spend the money as you go. The upside to this is clearly convenience. With a prepaid credit card, you don’t even have to worry about whether or not the merchant accepts bitcoin. The bitcoin converts into dollars at the time of purchase and that’s it. However, just because it’s convenient, doesn’t mean you can use it in any country at any time.

Cards issued in the United States and Canada operate in American and Canadian dollars. If you are to use these cards outside of those countries (or whatever country you reside in), you would not only pay fees, you may also have to pay for currency conversion. Many prepaid cards also require users to maintain a minimum balance or pay an annual fee. It’s not a perfect system but if you’re looking for convenience, at least at the present moment, there’s nothing that tops a MasterCard, Payoneer or Visa Debit. BitPay.com serves customers with both personal and business needs. They allow merchants to get set up and accept bitcoin and allow individuals to sign up for a prepaid card that makes it easier to spend it.

How Adoption is Making Paying Easier

One way to make online spending easier is to use a merchant that operates a store via Shopify.com. Shopify is a publicly traded company whose share price is skyrocketing since the company’s initial public offering. The reason for that is that the platform makes it easy to set up a professional -looking store and empowers anyone to scale and e-commerce business. Now Shopify is letting merchants accept cryptocurrency as payment. While it’s not mandatory for merchants to do so, as adoption continues to expand, for merchants will accept bitcoin. It only makes sense. In 10 years, you may not even need a prepaid card to do online shopping.

You also may not even need it to go and buy coffee. That’s because heavy hitters like Starbucks are even accepting crypto now. That’s thanks to an app called Spedn. It allows merchants to sign up and accept crypto, and it allows individuals to use it. One of the reasons merchants love it is because it guarantees transactions, meaning retailers don’t lose money on chargebacks. Chargebacks cost American businesses an estimated $31 billion a year. It’s not just Starbucks seeing an opportunity to both make and save money.  GameStop, Petco, Whole Foods, and Nordstrom represent are a handful of recognizable brands ready to align themselves with crypto.

How Will Paying with Bitcoin Be Easier in the Future?

If you’ve read this far, you’ll notice a common theme. Making it easier to pay with bitcoin comes down to increasing levels of adoption. Both businesses and individuals always adjust to things that make life easier and enriched them financially. The more and more people realize they can make or save money by using bitcoin, or experience a greater level of convenience and security because of it, the more they will use it. It’s as simple as that.

It may be awhile before everybody takes bitcoin for granted the way they take paper money for granted now. But if recent history is any insight, it will definitely be easier to pay with bitcoin as time goes by. We might even see an influx of people living off of it as time goes by. One thing we are sure to see is more and more private companies developing their own financial systems.. Facebook Libra anyone? For now, just enjoy the ride and get in on the bitcoin revolution. In the long run, you’ll be glad you did. Even if all you get out of it as a learning experience and a bit of exposure to what the future holds.

Article Produced By
Jack Choros

https://cryptoradar.org/how-to-pay-with-bitcoin/

Heiko Closhen, Entrepreneur

New Zealand Legalizes Payment Of Salary In Cryptocurrencies

New Zealand Legalizes Payment Of Salary In Cryptocurrencies

                              

According to the August bulletin published by New Zealand’s tax office,

also known as the Inland Revenue Department (IRD), the government has made it legal to receive salaries in cryptocurrencies, and be taxed accordingly. The agency published a new ruling under the Income Tax Act (in relation to section RD 3), where it states that any employee can receive cryptocurrencies as a salary as long as these payments are related to the services performed under an employment contract. Said services must be performed for a fixed amount and form a regular part of the employee’s remuneration. 

The crypto assets have to be paid in accordance with the working contract, but most importantly, the cryptocurrencies have to be able to be exchanged for fiat if the worker desires to do so. Cryptocurrencies also must have the primary purpose of acting as a currency or be pegged to the price of one or more fiat currencies. The bulletin further states that any salary paid in crypto assets will be treated as PAYE (pay as you earn) income payments. These types of taxes are deducted by the employer and passed onto the tax department directly. This ruling is set to go into effect on September 1st, 2019.

Article Produced By
CryptoCoin.News

https://cryptocoin.news/news/new-zealand-legalizes-payment-of-salary-in-cryptocurrencies-29246/

Heiko Closhen, Entrepreneur

The Argument For Bitcoin As A Haven Asset And Not A Speculative Investment

The Argument For Bitcoin As A Haven Asset And Not A Speculative Investment


Bitcoin is up by more than 200% since the start of 2019.

This increase has triggered a fair bit of debate over whether the top-ranked cryptocurrency is finally on its way to becoming a bona fide store of value (SoV) and by extension, a haven asset. Many BTC bulls point to current monetary policies and fears of an imminent recession as reasons why Bitcoin will become the de facto haven asset.

Bitcoin as a Hedge and Store of Value

BTC proponents like Anthony Pompliano of Morgan Creek Digital have consistently espoused the idea of Bitcoin being a hedge against uncertainties in the mainstream market. Appearing on CNBC on Tuesday, the Morgan Creek Digital chief declared that it was “irresponsible for institutions not to have exposure to this asset [Bitcoin].”  Speaking to Kitco News on Tuesday, Max Keiser another vocal BTC bull predicted that the top-ranked crypto will outperform everything including banks, the U.S. dollar, and Warren Buffett. Earlier in the year, Keiser declared that smart money will flow into BTC at a rate 25-30x more than gold. For Barry Silbert of Digital Currency Group (DCG), the coming shift in the investment demographic of the U.S. will see more inflow into BTC. The DCG chief recently predicted that trillions of dollars could potentially flow into Bitcoin as the older generation pass on their wealth to those in the ‘millennial’ and ‘generation Z’ age demographic.

Critics Unrelenting in Debunking Bitcoin Appeal

While the bullish voices espouse Bitcoin’s continued relevance, critics hold on to the “zero-sum game” argument. In a recent debate between gold-bug Peter Schiff and Pompliano, the former argued against BTC being able to replace gold. According to Schiff, BTC does not possess any measurable value, unlike gold. For Schiff, BTC’s only value is a construct of the market participants who believe that others will pay a higher price in the figure for the BTC they currently own.

Bitcoin Not Crypto

Another argument brought forth by the anti-Bitcoin crowd is the poor performance of altcoins. Challenging Pompliano during his appearance on CNBC Shark Tank’s Kevin O’Leary highlighted the decline in altcoins. Where BTC has been on the recovery path post-2018 crypto winter, the altcoin market continues to struggle. Despite a couple of price resurgences earlier in the year, altseason hasn’t yet had the desired effect. For BTC bulls like Keiser, Bitcoin’s dominance will continue to grow, eating away at the market share of altcoins. This increasing dominance might lead to the demise of numerous altcoins in what some commentators call an imminent cryptocurrency mass extinction event.

 Global Market Conditions Pushing ‘BTC Buy’ Narrative

For Bitcoin as a non-correlated asset, the signs pointing towards a sustained bull rally appear promising. Central banks across the world continue to pursue an agenda of dovish monetary policies by reducing interest rates and beginning quantitative easing (QE). These policies provide greater liquidity in the market ensuring inflow into emerging asset classes like Bitcoin. However, there is the fear that these dovish maneuvers will cause problems in the mainstream market already stretched by current trade and currency wars.

Article Produced By
CryptoCoin.News

https://cryptocoin.news/news/bitcoin/the-argument-for-bitcoin-as-a-haven-asset-and-not-a-speculative-investment-28835/

Heiko Closhen, Entrepreneur

Inmining: evolution of the mining industry

Inmining: evolution of the mining industry

                                 

 

More and more investors are getting involved in the mining industry

and this requires a new look at the economics of mining enterprise. Due to the unique conditions of placement in special economic zone “Alabuga” inmining data center works in the mining market more efficient, affordable and safer. 

Although the mining industry is nine years old, this industry is in the stage of active development and formation. The era of “home mining” has long passed, when with the help of a couple video cards, users were able to extract significant amounts of cryptocurrency. The next stage of development was cloud mining platforms and mining hotels, which gained particular popularity induring 2018. But they also go into the past, showing investors their unreliability and insufficient range of services provided. The mining industry has moved to a new stage – full cycle tokenized mining enterprises, when the investor can fully delegate the purchase, installation and maintenance of equipment, without losing an ability to quickly enter and exit the market and control all processes. An example of such an approach to an organization of mining production is the Inmining project.

Imining is a cryptocurrency mining platform with its own largest data center. The main production site of Inmining is a data center under construction in the SEZ “Alabuga” with a capacity of 10 MW, which will be the largest in Russia. The data center will be equipped with modular containers with computing machines BlockBox AC from the leader of the mining industry Bitfury. Each mobile unit BlockBox AC consists of 176 servers, air-cooled, and the total Hasrat will be 14 peachesa per second. This is one of the most powerful and least expensive solutions available on the global bitcoin mining market. The use of containers allows quick installation and start-up minimizing construction and maintenance costs. 

The most successful special economic zone in Russia  was chosen to host the data center – SEZ “Alabuga”. It has its own railway terminal, which will allow delivery of mining equipment in a short time and is located in a protected fenced area. But the main advantage of SEZ “Alabuga” is the unique conditions for high-tech projects. The territory of SEZ “Alabuga” has 350 MW of supplied capacity 30% of which  are currently free. This will allow the Inmining project to scale production quickly and easily to compensate for the increase in complexity and maintain a sufficient level of profitability. The cost of electricity for Inmining will be 2.5 cents per kWh. For comparison: the price of kilowatt per hour in China, which is considered one of the centers of the world bitcoin mining, in March 2019 was about 8 cents, and the world average cost of electricity ranges around 15 cents per kWh. As a resident of the SEZ “Alabuga”, the company “Blockchain technology”, which manages the data center Inmining, will be exempt from land, property and transport taxes for 10 years, and thanks to the regime of free customs zone in the SEZ “Alabuga” will significantly reduce the cost of importing foreign equipment. 

Inmining operates on the tokenomics business model with elements of gamification. The previous generation of mining projects offered investings in physical assets: for example, remotely purchase equipment and place it in a mining hotel or rent computing power in data centers (the so-called “cloud mining”). In both cases, the investor enters into a fixed price contract for a particular service. Unlike cloud mining and mining hotels Inmining tokenizes its assets and sells utility-tokens INMG. INMG are backed by high-tech equipment from Bitfury and digital asset is here a cryptocurrency, produced in the data center. Given the computing power, electricity costs and the growing complexity of the bitcoin network, each module of the inmining data center will be able to produce about 46 bitcoins in a year after it starts, which is scheduled for early 2020.  

Inmining will monthly buy a small share of INMG on cryptocurrency exchanges, and burn them. This tactic will support the value of the token in the long term, will contribute to the growth of liquidity and trading volume and encourage IMMG holders to long-term storage of tokens, which will also help to maintain the stability of the coin rate.

In addition to the income from the exchange rate of tokens themselves, INMG owners have the right to regularly participate in the lottery, in which 35% of the profits from the extracted bitcoins are played. A distinctive feature of the lottery is its win-win for the participants. To participate in the lottery users freeze their INMG tokens in your wallet Inmining and wait for the end of the game round. The higher the bet, the higher the chance of getting a bigger win. Such a mechanism of gamification in Inmining business model allows interested investors to purchase greater amount of INMG tokens. The lottery is held in a distributed network using blockchain technology and eliminates the risks of fraud and fraud results. 

Tokenization of a mining enterprise is a way to diversify your assets, invest in a growing mining industry with minimal effort and the ability to quickly enter and exit this market. The whole process – from the purchase of equipment, installation, service maintenance-is delegated to the resident company “Blockchain Technology”. 

The primary selling tokens INMG will take place on the world crypto currency exchange Coineal in several rounds. The first public round will be held on September 19-20 2019, the second – October 8-9 2019. During IEO on Coineal there will be INMG tokens for sale. The starting price will be $0.1 and will grow as the tokens are sold. Until September 18, 2019, investors have the opportunity to participate in a private round and purchase INMG tokens at a discount of up to 20%. In total, the private and public rounds of licensee will be distributed 75% or 112,5 million tokens issued by INMG. Issue volume is fixed (150 000 000 INMG). After the initial exchange of offers tokens INMG will be included in the listing Coineal and in the future will also appear on other cryptocurrency exchanges, which will ensure the free circulation of INMG on the secondary market and will become participants of the project and after the completion of the IEO. 85% of funds raised during licensee, will be used for the purchase of equipment and capital costs. 

To enter the mining business seems simple only at first. In practice, those who wish to start making on computing emerging market have to deal with a wide list of components and mining machines, to study cooling characteristics,  choose the jurisdiction of most optimal in terms of electricity prices and regulation for mining, engage in customs, tax, transport issues. Inmining is an efficient and secure way into the mining industry, bringing a necessary liquidity and thane ability to quickly enter and exit assets.

Article Produced By
Dean

Owner, Editor, and lead writer for Cryptorials.Cryptocurrency writer and trader since 2014.

https://cryptorials.io/inmining-evolution-of-the-mining-industry/

 

Heiko Closhen, Entrepreneur

Who could be the biggest Libra user in the future?

Who could be the biggest Libra user in the future?

                                 

Facebook’s Libra project has gone through more than enough government

and community criticism, but it still seems to be on its way to be launched sometime in the future. Sure there have been some rumors that several Libra Association members want to leave the project, but no matter how many will try to leave the project, new players will join it regardless of the overall outlook.

In the wake of so much criticism and uncertainty, multiple crypto enthusiasts tend to ask the question, “Who would actually risk using the Libra cryptocurrency?”. It’s an understandable concern considering how Facebook has been involved in data disclosure multiple times. Having one’s personal information from social media disclosed to the highest bidder may not be a life-changing issue, but having one’s financial details be in the same danger is much more serious. But, the Libra executives keep on assuring that customer data will be protected at all costs.

Who could use the Libra cryptocurrency?

After numerous surveys in different countries about Facebook’s Libra, we found out that the majority of users will not trust it as an individual provider. However, it’s likely that Libra adoption will happen through intermediary efforts, rather than direct influence over Facebook users. For example, several companies could have online shops present on Facebook, which is already a feature and only be able to sell these products via the Libra coin. This is the most likely outcome, but there are others as well. Let’s take a look at all the available options for Libra usage online.

Promotions and instant deposits

One of the primary roles of Facebook for a company is to spread awareness of their new product or a new feature that they’re offering. In most cases, this leads to consumers having to be redirected to their website if they want to make a purchase right then and there. However, with Libra coin, it could be possible to make such a payment without having to leave Facebook at all. And considering the fact that Facebook’s main goal is to keep the users online for as long as possible, this could be a very accurate prediction.

Several marketing managers have commented on this new addition saying that it may not impact the brand recognition as much as a redirect to the website, but it could increase sales, which is always the primary focus for companies. Samantha Cambridge, the manager of digital marketing of the Playamo AU blog has commented: “We as a company don’t really focus on the time that users spend on our platforms. All we focus on is the numbers, such as the amounts in deposits, withdrawals, in the amount played with and the amount lost. Therefore, having something like user-friendly payments directly from Facebook would be much more of a benefit to our platform rather than a detriment.

We’ve heard our users say numerous times that they always have difficulties to make deposits when they have to input their personal information over and over. Having a universal “digital wallet” from a platform they use on a daily basis is going to not only make the process easier for the users themselves but for us as a company as well. I understand why blogs would be against such a notion, simply because they rely on people staying on their website for as long as possible so that they can use that time spent as revenue from ads they place. I think it’s all about the product one offers.” But this is just one part of the global industries that can be affected. There are other comments as well.

E-commerce stores

The option to buy from a Facebook store has already been added to the website, however, it’s not as well performing as a redirect to the company’s website. Why? Because it’s the same process regardless of where the user makes the payment. It’s about choosing a credit/debit card and indicating the required details. However, according to several e-commerce store owners, having an effortless payment process directly from one’s Facebook account would impact company sales by a large margin. One of the most reasonable quotes to be found about this is the following:

“When doing e-commerce through Facebook, it’s absolutely essential that you’re either the first one to show up in somebody’s feed or you’re at least offering something different. Having something to stand out from the competition will determine the success of any e-commerce store owner, especially in a heavily populated area. Having the Libra coin attached to your payments could indeed be that differentiating factor between you and your competitors. If they don’t have that small extra feature that helps the user to save some time, it’s highly likely that you will be chosen as the supplier, just because you’re offering a user-friendly gateway.”

With e-commerce, it all boils down to convenience and the speed at which the users can make the payments. But this still doesn’t redeem the issues that are currently present with the Libra Coin. Some experts are essentially calling it a digital currency rather than a cryptocurrency, which in the current financial world is a big deal.

Article Produced By
Zerocrypted

https://zerocrypted.com/who-could-be-the-biggest-libra-user-in-the-future/

Heiko Closhen, Entrepreneur

Crypto Wallets Can Be a Perfect Solution to Secure Your Property During the Financial Crisis

Crypto Wallets Can Be a Perfect Solution to Secure Your Property During the Financial Crisis

                                

When the financial crisis hits,

is filling the crypto wallets safer than hoarding the gold, papers, or cans? Hopefully, recognizing the cause of the crisis will point to the safe ground. Nowadays, the US and China trade war can trigger the crisis due to its enormous impact on worldwide production costs. Furthermore, Coca Cola raising the price of its cans due to the tariffs on aluminum is a sign that shoppers will be the collateral of this crisis.

Unlike before, many factors contribute, such as Brexit and the rise of the world population. Not to mention that the digital age and its disruptors are creating new ones. Whatever is the cause, the old means of preserving the value may not be viable. Similar to people rushing to buy and store canned goods, changed habits may force people to online shopping. If this is the case, does following these new “digital” habits can turn people to the online storage of their belongings? If many foresee the demise of some fiat currencies, will the crypto wallets replace the regular ones?

The Former Methods of Storing the Value

Our ancestors would hold gold to preserve the value. Similarly, our forefathers would store cans of food to survive a nuclear war. Even though many don’t trust them, modern men chose to save money in banks.

Bank deposits

However, the very same banks triggered the last financial crisis. In the case of the financial crisis, objective supervision to avoid the bankruptcy or the bank run is of utmost importance. For this reason, different countries have different legislation and government protection for deposits. In the case of the USA, every depositor can claim the insurance payout up to $250,000. However, if government bodies like FDIC aren’t securing the deposits, bank failure leads to loss of these funds.

Food Cans

At the same time, nobody can stop stacking food to survive the crisis. However, if a turmoil is on the horizon, the price of goods would rise. Tracing back to the times of Irish potato famine, the theory of Giffen good explains this. A Giffen good is a type of good people buy more as the price rises and vice versa. The recent surge in buying cryptocurrencies during the “bull market” is another example of the theory.

Buying Gold

On the other hand, the value of gold records “the bull run” with a few downtrends. It is because it is still captivating for both men and women. Gold in any form won’t rust, and it preserves its beauty throughout the ages. In addition to maintaining the beauty and the value is the fact that all gold reserves can fit in two swimming pools. Due to its scarcity, the first coin was a mixture of gold and silver. This mixture also exists in nature as “electrum.”

Crypto Wallets: Storing the Digital Value

Similar to storing gold, cold crypto wallets keep cryptocurrencies in offline, external storages. More secure and more manageable, crypto wallets are the perfect solution for the financial crisis. Furthermore, crypto notary services can record ones’ possessions in a tamperproof manner. The blockchain is introducing these solutions as well as the plethora of different crypto wallets. Besides cold storages like Ledger Nano, there are many other “hot crypto wallets” worth mentioning:

Electrum

Having the same name as an abovementioned mint of the silver and the gold, Electrum is one of the first crypto wallets, exclusive for the Bitcoin. Bitcoin is the first and the most valued cryptocurrency with its creator unknown. Since it is decentralized, many compare it with the gold.

MyEtherWallet

MEW, as it is the crypto wallet’s acronym, is the official Ethereum wallet. Comparing to Bitcoin, Ethereum was a massive improvement. Recently, Ethereum is struggling in implementing protocols to improve its transaction speed. However, MyEtherWallet has partnerships with Bity, Kyber Network, Changelly, and Simplex allow swapping for fiat currencies and Bitcoin.

Toast Wallet

An open-source for XRP (Ripple), one of the cryptocurrencies with the fastest speed of transactions. Unlike Ethereum, the Ripple protocol needs a small number of validators, thus making the platform faster. However, institutions can use Ripple protocol regardless of Ripple’s cryptocurrency – XRM.

Bitfoliex

One of the Stellar crypto wallets,  Bitfoliex supports XLM (Lumen) and its proprietary coin – XLM. Different than Ripple, Stellar network requires its cryptocurrency to avoid the network spam. However, it allows the creation of other tokens, too. For instance,  Bitfoliex uses its proprietary solution Traxalt. Building upon the speed of the Stellar (Ripple successor) platform, it supports other leading cryptos, too.

Atomic Wallet

On the other hand, there are crypto wallets that support multiple cryptocurrencies in a single interface. Not dedicated to any, Atomic offers 300 cryptocurrencies and tokens.

Conclusion

Since we already have e-commerce and autonomous checkout stores, it is hard to believe in the reverse effect of the financial crisis. In a world that is more conscious about the ecology, storing cans in preparation for the doomsday is unthinkable. Far more certain is the scenario of massive adoption of crypto wallets or inventing new digital solutions. The study by the Trade Partnership predicts the US and China will cause a loss of 935,000 jobs in the US, and if it escalates – a million more. Therefore, the preservation of both employment and savings will be the key to survival.

However, in the scenario of worldwide inflation and banks’ closings, gold will become a Giffen good. As modern human needs are beyond the food and shelter, it is more likely that their providers would not accept fiat. Unless some solution appears, it will also be hard to transfer the gold. A famous coach Al McGuire claimed that he was treated as crazy when he was losing, and eccentric when winning. He also stated: “I come from New York where, if you fall, someone will pick you up by your wallet.” Time will tell whether those eccentrics who filled their crypto wallets were nuts. But in the competitive world of tomorrow’s financial crisis, we should choose and keep our wallets wisely.

Article Produced By
Zerocrypted

https://zerocrypted.com/crypto-wallets-can-be-a-perfect-solution-to-secure-your-property-during-the-financial-crisis/

Heiko Closhen, Entrepreneur