[Bitcoin Halving and Corresponding Prize Economy]

Bitcoin Halving and Corresponding Prize Economy

Bitcoin Halving simply means getting half (50%) of bitcoin as a reward given to every miner when a new block is achieved at the space interval of every four years untill when the maximum amount of 21 million btc is completely mined.


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From the Graph Explained:

The three major Halving that have ever occured were in  2012, 2016 and 2020 respectively and were identified with the flow for the prize speculation and trends from the pip above, it could be observed that some major event occur before and after Halving which plays a significant role to determining the fate of economic investment on bitcoin through prize speculation, base on the 3 major Halving of the past, the prize goes down before the Halving occur and tend to pick up immediately after on a gradual movement that may end in making another ATH record after Halving.

Reasons for Bitcoin Halving.

1. Halving is done in other to increase the demand for bitcoin at all economic levels.

2. To set the target limit to the total amount of bitcoin to be mined within a specific period of time.

3. Though bitcoin is volatile but Halving brings the opportunity to a rise in bitcoin value as it demand increases.

4. During bitcoin Halving, the prize speculation goes dip to rise in other to achieve a possible ATH price level.

5. Halving is mostly targeted by bitcoin investors following prize speculation to know when to sell or buy in other to maximize chance of making profit.

Miners Challenges with Halving

It is believed that miners tend to loose profitability during Halving due to the event of bitcoin running dip/ low as the decreasing value may not make the affordability of the demanding power supply and  maintenance cost but this changes in the opposite way favours them if the price movement is going up.

Conclusion

Having put in consideration on the current surge on bitcoin price and going by the past records on bitcoin Halving, it can be concluded that there's more possibility that bitcoin may not exceed the ATH of $68k till the next Halving of 2024. Investors are thereby encourage to adhere strictly on prize speculation within ranges below $68k before the next Halving.

Note:

Informations provided here were base on personal views and past event records, viewers discretion is welcome.

[Key Points:]

Statistical Analysis on Bitcoin Acceptability

Taking statistical record of Bitcoin activities is very paramount in other to measure the progression thereby creating a feasibility study on it acceptability and future approach that could offer a general solution either on a long or short run, also this help in creating feedback on bitcoin development all over the world.

According to research and findings, USA is said to be the most largest country with the highest number of bitcoin users in the world, we have about 21 millions overall of bitcoin to be in circulation while about 18.9 already in circulation and over 81 millions user across the globe ever since the launch in 2009, while about $3 millions blockchain worth of market value of bitcoin, knowing also that bitcoin has ever been the first decentralized peer 2 peer digital currency before other cryptocurrencies emerged.

This are statistics about individuals opinion on bitcoin acceptability from the statistical illustration below



I also have some graphical illustration on bitcoin statistical record ever since 2009 till date





Key Points:

✓Bitcoin have about 270 transactions on daily basis.
✓Blockchain has over 81 millions users wallet addresses.
✓Crypto users across the world is about 106 millions in which bitcoin occupied about 81 millions from it
✓Bitcoin has recorded a all time high (ATH) in 2021 reaching $68,000
✓First country to accept bitcoin as a legal tender is El-Savador on 7th September, 2021

Reference link:
https://explodingtopics.com/blog/blockchain-stats

As the cryptocurrency adoption rate increases every day across the globe and many countries are using bitcoin in their daily business transactions and this has in so many ways help in boosting the economy, of recent many countries have being accepting tax payment in crypto as in Florida among others but to the other side of it is coming about Thailand Puting a ban on making cryptocurrency transaction by it commercial counterparts, this statement was made by the Thailand SEC.

It could be recalled on how Thailand has recorded a massive growth in the crypto space with over 600% increase in transaction volume as at last year while over $3 billion worth of cryptocurrency user asset was recorded since the beginning of 2022.

This "ban" is effective starting from 1st of April, 2022, all their financial institutions will be unavailable to carryout transaction in bitcoin or any other crypto asset and in making payments for goods and services. It is also good to note that this crypto ban only affect their banks and any use of crypto as a payment media for goods and services but individuals trading and investment in cryptocurrency is not banned and a good alternative to this is using P2P for transactions in other to have a continuous crypto runnings and operations from been pause in the region.

https://ambcrypto.com/thailand-one-of-asias-biggest-adopters-now-barred-from-using-crypto-as-payment/?utm_source=thecryptoapp

Place a tribunal trial on Putin, he deserves to be probe, this was unanimously heard from leaders and people across the continent as over 800,000 petitions was already signed against the Russian president over his unlawful invasion of Ukraine causing lost of lives and properties as the world raises alarm over such a berbaric display of war causing several attacks as Putin engage his soldiers waging war over Ukraine.

It is said that Putin will be hold responsible for engaging on war which has claim many loss of lives and properties as  petition signed against him has reached over 1.3 million votes and still counting as at the time of writing this report.

Another update is coming from the Ukrainians president starting willingness to engage on a peace talk with the Putin administration on possible terms and fulfilling agreements over the attack

Zelensky also warned that any peace agreement involving “historic” changes would be put to a national referendum.
https://www.channelstv.com/2022/03/22/zelensky-renews-offer-of-putin-talks/amp/

looking at Putin's physical appearance, i have never seen a scenario of his engagement on a laughter before, same is relating the war invasion with his physical look and prompted me to ask "should a book be judge according to the appearance of it cover?

Is the Petition signed against Putin worth making him end the war?

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10630865/amp/Nearly-800-000-sign-petition-demanding-Putin-faces-Nuremberg-style-war-crimes-tribunal

[Understanding Bitcoin Trading and Investment]

Understanding Bitcoin Trading and Investment

The main aim of writing this topic is to help begginers have the fundamental required knowledge on trading and investment, i noticed recently the rate on how begginers raises an alarming call on how to start bitcoin trading/investment as i often come across such in the beginners and help section, this prompted me to create these topic on how a begginer can understand trading and investment properly before getting misinformed into a victim of scam.

Bitcoin Trading and Investment generally involves speculating on the price movement on a short or long term respectively and also has one thing differentiating the two which is the style and strategy used in the process as either a short term strategy (Trading) or a long term strategy (Investment) and the major aim in choosing either trading or investment is to maximize the opportunity profitability.

Trading:
This is an act of buying bitcoin using a short term strategy by carefully speculating the volatility of price change before buying or selling in other to make profit within that shortest period of time and this can be done using different strategies as listed below:
Scalping
Day Trading
Range Trading
Swing Trading
Position Trading


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Investment: This is the process of buying bitcoin (mostly in a larger volume) and hodl for a long term in other to maginalize the selling price from the buying price thereby making profit, this is mostly practice by bitcoin whales, institutions, bitcoin firms and some reputable individuals, it is preferred as a means for the store of value (asset) which is most likely to yield a return after a long duration of time as the price rises.

Trading Strategies in details:

Scalping: This is the fastest of all kinds of trading strategies, it is done frequently in a day by taking position to trade and realize profit or cut loss within the interval of minutes at several occasions within a day otherwise called spot trading.

Day Trading: This simply means holding a position for trade within the duration of a day, it may involve scalping and range trading only to last within a day.

Range Trading: This is mostly practice with the use of a trading bot, as a particular trade is set to start and stop at a specific range limit, they tend to buy when the flow is at the bottom and set to sell whenever it rises thereby realizing their profit within the interval of the low to high.

Swing Trading: This type of trading requires patience and can be run overnight, within some days or a week, its an advanced day trading technique which run for two or more days and requires total concentration in studying the trend as it moves in other to make trade.

Position Trading: This is sometimes mistaken for an investment, it is a trading strategy that run on a long duration of time with the target to mark an outstanding rise in trading differential volume and price thereby making profit

Meaning of Some Trading Terms

Pip: This is the graphical representation of the move in price at a specific unit.

Leverage: This is the showcase of interest in taking part in a particular trade having just a little amount with the aim to join and contribute in making the trade.

https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work

The above image is an illustration example of taking a leverage position

Margin: This is the particular amount of value invested in Securing a leverage position

What Moves the Market

Supply: the total number of coins and the rate at which they are released, destroyed or lost

Market capitalisation: the value of all the coins in existence and how users perceive this to be developing

Press: the way the cryptocurrency is portrayed in the media and how much coverage it is getting

Integration: the extent to which the cryptocurrency easily integrates into existing infrastructure such as e-commerce payment systems

Key events: major events such as regulatory updates, security breaches and economic setbacks
https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work

Additional Summary

Learn what moves bitcoin price
Pick a bitcoin trading style and strategy
Choose how you want to get exposure to bitcoin
Decide whether to go short or long
Set you stops and limits
Open and monitor your trade
Close your position to take a profit or cut a loss
https://www.ig.com/en/bitcoin-btc/how-to-trade-bitcoin

Reference links:
https://www.thebalance.com/choosing-a-trading-style-1031062
https://www.ig.com/en/cryptocurrency-trading/what-is-cryptocurrency-trading-how-does-it-work
https://www.moneycontrol.com/msite/wazirx-cryptocontrol-articles/crypto-trading-strategies-you-need-to-know/
https://www.investopedia.com/articles/active-trading/11/four-types-of-active-traders.asp

Corporal Punishment is said to be an act of inflicting pain to a person (mostly children) in other to correct them for wrong misconducts at home, in school or in  the society either by flogging, squatting, beating, slapping, spanking or padding all with the aim to punish a child in other to realize the mistakes.

As individuals and parents, we really understand how far children can go extra miles in developing a wrong attitude or character in the society, they tend to learn those wrong misconducts majorly from the situation of the kind of environment they grew up from, which means our environment really have great impact on a child moral upbringings.

I understand that in Europe, America (north and south), and Australia, coporal punishment is totally avoided and assumed to be denial of child fundamental human rights and it is against the law to impose a corporal punishment on a child indescriminately while in Africa and some part of Asian continent, coporal punishment is very effective.

There's a saying and i quote "Spare the Rod and Spoil the Child". As parents and upcoming parents what is our respective views in the use of corporal punishment over a child.

[TIPS NEEDED IN IDENTIFYING A FAKE WEB ADDRESS]

TIPS NEEDED IN IDENTIFYING A FAKE WEB ADDRESS

The rate of increasing online social media scam is alarming this days by using fake or imposting a particular web address in other to deceive users into their trap thereby creating a  similarly identical web address to the original one claiming ownership in other to lure users into their fraudulent acts, i will be talking specifically about steps and procedures needed in Identifying a fake web address from the discussions below.

Verification of web address:
It is very important to know the correct url to the intended website to visit, check if this is misspelled or altered, e.g mcdonald.com can be changed to mcd0nald.com while another means is by altering into the web domain extension such as mcdonald.com to be altered with mcdonald.org

Verification of the site seal:
This is done to be rest assured that the site to be visited is authentic and not fake as it tends to reveal information about the site and any seal that does not display informational content tend to be a fake seal and can be a suspicious sign to a fake web address


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You should look beyond the lock by clicking on it once to reveal more information. For the highest level of authentication, if you click on the lock it will display “Issued to: [Company Name]” underneath “Certificate (Valid).” Unfortunately, this functionality only currently works on desktop browsers. But whether you’re on a mobile browser or desktop, the principles of looking beyond the lock to verify if a website is secure remain the same.
https://www.digicert.com/blog/how-to-identify-fake-websites

Confirm the Lock sign
This is a sign that guaranteed data encryption on the website using TLS and lock are of three types namely:
Extended validation lock: this is used for higher security level by advance businesses and organizations
Domain validation lock: this verify the domain ownership
Organization validation lock: this Authenticate business registration with a regulatory body.

A browser is design to give a warning sign that the site about visited is not secured if the lock sign is found missing but it is also good to note that having the lock sign doesn't guarantee the site is not fraudulent or cannot be termed as fake site.

Run a check on the web Address
Verify through a proxy validator otherwise known as website checker is used in verifying site validaty and vulnerabilities it may have. Other means is by running through their privacy and policy check and their online reviews while importantly, whenever you come across such a fake web address "give it a total negligence" by avoiding it.

Punycode Phishing Attack

Punycode is said to be the translation of characters that are symbols, non alphabetic or letters from any non English origin to appear to be in English letters in other to stage a malicious domain for an attack, they make use of a Cyrillic or Homograph character to appears like the exact alphabetic in your address in other to blend it along and launch users into their trap for an attack, they mostly targeted at stealing user's password and data after getting access through.

An example of a secured web address will indicate this:

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Example of Punycode attack: a good and updated browser will detect the presence of Homograph

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Protection Against Punycode Attack

This Punycode Attack can be minimize and this lies on individuals responsibility by not:

1. Avoid clicking on phishing mails, links, ads and apps that look suspiciously enough for a malicious Attack.

2. Ensure to make use of standard and updated browsers like safari google chrome and internet explorer while firefox along other browsers are not recommendable for use at all as they tend to develop a weaker ability to detect Homograph character on browsers effectively except its been activated from the browser's settings to function by the user.

An unsecured browser will display this option:

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At the site of this, its a warning signal that a malicious  Punycode attack has been detected and such user is expected to back off and "never continue".

Redirect Detective

This is used to verify address that redirect users into another thing entirely, users will wanted to test or get a proof to authenticate the address and most are found with short and suspicious address, they can be verify here: https://redirectdetective.com/ by adding the (+) plus sign at the end of the address.

Link:
https://bitcointalk.org/index.php?topic=5184169.0

The United Kingdom Visa Application Centre (VAC) in Nigeria have temporarily suspended the processing of UK Visa under the category of family, work and study Visa Application for Nigerian citizens, this is as a result of giving more priority to Ukraine family scheme Visa Application which was recently launched as a result of the ongoing invasion of Russia to Ukraine.

UK Visas and Immigration is currently prioritising applications made under the Ukraine Family Scheme, following its launch and in response to the humanitarian crisis arising from the invasion of Ukraine
https://www.channelstv.com/2022/03/15/uk-temporarily-suspends-priority-visa-application-for-study-work-family/amp/

All Priority Visa Application has been suspended except for health and emergency situation which must  be  indicated as under companionate application and  extra service charge can precede such application. This is truly one of the ways we express concern through a supportive move in helping Ukraine out of it current situation as UK and Nigeria not minding it cost synergies in helping Ukraine families relocation scheme for safety in UK.

https://coingape.com/ukraine-to-create-nft-museum-to-symbolize-russias-invasion-of-the-country/?utm_source=thecryptoapp


Ukraine is set to create a monument of remembrance as it is committed to launch a Non Fungible Token (NFT) "Museum" in other to make history on how Russia launch an invading attack on their beloved country "Ukraine" using the NFT as a symbol of remembrance, This was a statement made by Deputy Minister of Digital transformation in Ukraine.

According to Alex, each NFT will be gotten from reports made by trusted news outlets concerning the war. These NFTs will contain unique pieces of art from those selected stories, obtained from “trusted sources”.

This come as a result of various opinions obtained during a congress meeting in appreciation to numerous donations worth about $100 million received from across the world on the official crypto wallet address of Ukraine. personally it also excites me seeing this and how they come about arriving on creating NFT from the start of airdrops.

The Jewish were commonly known as the "people of the book" because they understand the potentials embedded in reading and how it could reflect an impact in their economy, social, marital, physical and financial lives, another saying states and i quote "readers are leaders" and one of the best way to hide information from people is in the book, therefore it is expected of us as cryptopreneurs to engage in the attitude of reading especially books related to our professional fields.

This has birth to the release of this thread  recommending some vital cryptocurrency books in helping us dig deep in knowledge acquisition and the role expectations required of individuals as i will be listing few as below:

1. Digital Gold by Nathaniel Popper
2. The Infinite Machine by Camila Russo
3. Bubble or Revolution by Neel Mehta, Adi Agashe and Parth Detroja
4. Bitcoin Billionaires by Ben Mezrich
5. Out of the Ether by Matthew Leising
6. The Sovereign Individual by James Dale Davidson and William Rees-Mogg
7. Kings of Crypto by Jeff John Roberts
8. Cryptocurrency: How Digital Currency Could Transform Finance by Gian Volpicelli
9. Mastering Bitcoin by Andreas M. Antonopoulos
10. Cryptoassets by Chris Burniske and Jack Tatar
11. The Book Of Satoshi by Phil Champagne
12. Bitcoin From Beginner to Expert by Christian Newman
13. Cryptocurrency by Abraham K. White
14. The Bitcoin Standard by Dr. Saifedean Ammous
15. Blockchain Revolution by Don and Alex Tapscott

https://www.trality.com/blog/best-cryptocurrency-books
https://www.investopedia.com/articles/personal-finance/092916/top-6-books-learn-about-bitcoin.asp
https://decrypt.co/86982/decrypts-guide-to-the-best-books-on-bitcoin-and-blockchain?amp=1

Australia BTC-related investment scams have exceeded $18.5 million from last year's $12.8 million. Also,  the Australian Competition and Consumer Commission can go beyond 53.4% on investment scam related by the end of this year. So always be suspicious of any stake chance that guarantees huge yield with little or no risk because if it seems too good to be satisfactory its highly likely to be scam and citizens should be careful in taking online related investment schemes appearing to be real in disguise. 

Investment scams in Australia cost investors more than 70 million Australian dollars ($50.5 million) in the first six months of 2021, with crypto scams contributing to more than 50% of the losses, according to Scamwatch data.

As reported by the Australian Competition and Consumer Commission (ACCC), Scamwatch data shows a 53.4% increase in investment scam-related reports, which is set to exceed $101 million by the end of this year.

Based on the 4,763 reports received in 2021 alone, ACCC deputy chair Delia Rickard stated that 2,240 of the complaints were related to cryptocurrency scams and mainly attributed to Bitcoin (BTC).

Rickard said that scammers lure investors into using fake trading platforms with celebrity endorsements that promise high profitability. While the trading platforms initially allow investors to withdraw some profits using other victims’ assets, the scammers eventually stop unwary investors to withdraw their investments. “Be wary of investment opportunities with low risk and high returns. If something sounds too good to be true, it probably is,” she added.

Bitcoin-related investment scams in Australia have already exceeded $18.5 million, a steep increase of 44% compared to the total losses of nearly $12.8 million in 2020.

Other types of scams plaguing Australian investors included Ponzi scams, imposter bond scams and romance baiting scams.

Source:
https://cointelegraph.com/news/australians-lost-over-25-million-to-bogus-crypto-investments-report

Riot one of the major Bitcoin mining firm has recorded a tremendous success in the second quarter of 2021, recall in second quarter of 2020 the company experienced $10.6 million net loss while in first quarter of this year mined 491 BTC and 675 BTC in the second quarter. As below is their statistic analysis.

Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.

In its Aug. 23 quarterly financialreport, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020 revenue of $1.9 million.

The surging mining revenues drove a record quarterly net income of $19.3 million. By contrast, the company suffered a $10.6 million net loss for the second quarter of 2020.

Riot held $195.4 million worth of cash and Bitcoin holdings as of June 30, 2021. As of July 31, the firm’s unaudited BTC balance stood at 2,687 BTC (approximately $132.6 million).

The firm also reported a 38% increase in the total number of BTC it mined compared to the previous quarter, with Riot generating 675 BTC compared to 491 BTC in Q1.

Riot Blockchain CEO, Jason Les, attributed the firm’s bumper results to its early April acquisition of Whinstone U.S. — the single largest BTC mining facility based in Texas, stating:

“Riot is aggressively expanding its capacity at Whinstone, which is expected to provide the critical infrastructure necessary to successfully execute on driving continued growth for the company.”
During the second quarter, Riot initiated a 400-megawatt expansion at Whinstone with four buildings totaling around 240,000 square feet which are currently under construction. Riot purchased the facility for $650 million.

In April, Cointelegraph reported thatRiot’s Bitcoin production had jumped 80% compared to pre-halving levels. The firm continued its expansion, purchasing afurther 42,000 Antminers from Bitmain in that same month.

In response to the news, Riot's shares bounced by 7.6% on Monday to $36.93 from Friday's close of $34.32.

Source:
https://cointelegraph.com/news/riot-blockchain-reports-1-540-increase-in-quarterly-revenue-from-bitcoin-mining

The best way to trade in the world economic of today is to trade using crypto-cryto because of the swiftness and resilient its way of trading provides,  other than fiat-crypto from my personal perspective while contrary opinion is welcome.

As the crypto markets continue on their bullish course, astute traders are taking advantage of market movements to generate crypto trading profits. But what is the best way to trade crypto?

Join us as we explore the fundamentals of fiat-to-crypto and crypto-to-crypto trading – and discuss which one may be the most sensible option for you in the current market climate!

Fiat-to-crypto: an on-ramp for newcomers
Fiat-to-crypto trading is the primary avenue for new participants who are entering the crypto markets. Buying bitcoin (BTC) with dollars, euros, pounds or other forms of fiat is typically how newcomers enter the world of digital asset investing.

More advanced traders will typically deposit fiat currency on exchanges, such as Binance, Gemini, Kraken or others, and trade the most popular cryptoassets against fiat currency. Cashing out then usually involves withdrawing fiat currency from the exchanges via bank transfer.

In light of the general upward performance of leading cryptoassets, most notably BTC and ethereum (ETH), investors who went from fiat-to-crypto and stayed in crypto fared well over the past five to ten years.

As a result, fiat-to-crypto has established itself as the primary way of investing in digital assets. 

However, when it comes to riding the wave of a bull market, crypto-to-crypto trading may be a better alternative.

Crypto-to-crypto: how pros trade market cycles
In today’s global economic climate – where money printers are running louder and faster than ever – and fiat currency is losing its value against cryptocurrency, some experts believe that crypto-to-crypto is the only way to trade digital assets, especially if you are looking to profit from market cycles.

Crypto-to-crypto trading refers to converting one digital asset for another to take advantage of market opportunities while keeping crypto as your trading capital.

Typically, the digital assets that traders will hold their trading capital in will be BTC, ETH, or a stablecoin, such as tether (USDT), USD coin (USDC) or DAI.

Crypto-to-crypto trading: the benefits
Experienced traders who want to capitalize on new opportunities in the burgeoning decentralized finance (DeFi) market or take bets in the altcoin market are better served by remaining in the crypto sphere as this provides them more flexibility and an array of benefits. The benefits of crypto-to-crypto trading include:

an ability to move funds quicker;
increased fund security via decentralized trading;
yield-generating opportunities for overnight/dormant funds;
the opportunity to capitalize on DeFi investments.
If you are holding funds in crypto, you can quickly execute a new trade when the opportunity arises. There is no need to wait for a bank transfer to clear or for a card payment to settle.

Trading crypto-to-crypto typically means using decentralized exchanges (DEXes), such as Uniswap, to convert one digital asset to another. The use of DEXes increases fund security as you keep control over your assets while you trade. Conversely, when trading fiat-to-crypto, you will have to store funds on (potentially vulnerable) centralized exchanges, which is why many professional crypto traders prefer to remain in the crypto sphere and use DEXes.

When you hold your trading capital overnight in crypto – as opposed to in fiat – you have the option to store your funds in a yield-generating protocol that will, most likely, generate more yield than your bank account. In turn, this enhances your trading revenues.

Additionally, when trading crypto-to-crypto, you have the ability to seamlessly move funds in and out of various DeFi protocols to maximize yield. Centralized fiat-to-crypto exchanges typically do not offer this option.

Crypto-to-crypto trading: the drawbacks
Despite all its potentially profit-generating advantages, crypto-to-crypto trading also has drawbacks. They include the following:

this is a form of trading that is only advisable for advanced, crypto-savvy traders and investors;
you risk losing funds due to code vulnerabilities in DEXes and DeFi protocols;
a fiat off-ramp will – eventually – still be necessary at some point.
Unfortunately, crypto-to-crypto trading is an experienced trader’s game. Unless you are comfortable with managing and storing your funds yourself and interacting with smart contracts, you may well struggle in the world of DeFi.

While fund security is higher when using decentralized exchanges instead of centralized exchanges, code vulnerabilities in decentralized trading protocols pose a serious risk for crypto-to-crypto traders. Therefore, it is advisable to stick to audited, established decentralized finance protocols. However, as history teaches us, even audited protocols can be compromised.

Finally, once it’s time to cash out (and pay tax on your profits), you will still need a crypto-to-fiat off-ramp. So staying entirely in crypto is essentially impossible – unless, that is, your tax office accepts crypto payments!

The takeaway
Fiat-to-crypto is the preferred on-ramp – and investment method – for newcomers and long-term HODLers. So, if you are looking to buy and HODL bitcoin or ethereum, for example, turning your local currency into a cryptoasset probably makes sense.

Conversely, if you are looking to actively trade the crypto market, deploy yield-maximizing strategies in the DeFi markets and exploit trading opportunities in the altcoin market, crypto-to-crypto arguably makes more sense because of the agility and flexibility this way of trading provides you.

Source:
https://cryptonews.com/exclusives/fiat-to-crypto-versus-crypto-to-crypto-how-should-you-trade-11475.htm?utm_source=thecryptoapp

The question I do ask myself most times is can I be rest assured not to fall in the hands of Crypto scammers and how do I play smart not to be a victim,  but one thing also get me confused, even the standard and registered crypto businesses, companies  and organizations do run bankruptcy and fold up with time while some lucky ones maintain their service and standards,  I've brought in a similar case study below.

BitConnect is one of the most famous alleged scams in the history of cryptocurrency, and while the project shut down in 2018 after raising some $2 billion from investors, regulators are still chasing the alleged perpetrators. The United States Securities and Exchange Commission (SEC) filed suit this May, and this week, the agency revealed that it has reached a settlement with some of the involved individuals.

The SEC announced yesterday that it has secured a settlement of 190 Bitcoin—worth $9.25 million as of this writing—and more than $3.5 million in cash from defendants Joshua Jeppesen, Michael Noble (a.k.a. Michael Crypto), and Laura Mascola. As a result, the United States District Court for the Southern District of New York entered a judgment against Noble and final judgments against Jeppesen and Mascola.

Jeppesen is currently responsible for the bulk of the settlement, including the 190 Bitcoin and about $3.04 million, plus he will provide information and access to the Bitcoin wallet in question and pay a $150,000 penalty. Mascola, a reserve defendant, will pay just over $576,000 in disgorgement and prejudgment interest.

Meanwhile, Noble’s contribution has yet to be finalized: he will owe disgorgement, prejudgment interest, and a civil penalty in amounts still to be determined by the court. He is cited as offering and selling unregistered securities through the BitConnect scheme, while Jeppeson represented the firm at conferences and interacted with promoters. Mascola, Jeppeson’s fiancée at the time, was charged with unjust enrichment, according to the SEC.

As a result of the judgments, both Noble and Jeppesen are prohibited from participating in future digital asset offerings, either directly or indirectly. The wider investigation against BitConnect’s promoters is still ongoing, however, as fellow defendants Trevon Brown (a.k.a. Trevon Jones), Craig Grant, and Ryan Maasen were not included in this settlement.

BitConnect launched in 2017 was widely considered to be a Ponzi scheme, promising significant returns to investors and rewarding those who brought other investors into the program. It even used a pyramid-like diagram to explain the scheme to prospective investors, and its BCC token reached a peak market cap of $2.6 billion at a price above $400 per token.

Regulators began circling in late 2017, however, and BitConnect closed down in January 2018 following cease and desist orders from regulators in both Texas and North Carolina. The price of the token collapsed soon thereafter and fell below $1, effectively wiping out the market and leaving investors with near-worthless digital assets.

Source:
https://decrypt.co/79066/bitconnect-promoters-pay-12m-bitcoin-cash-settle-sec?utm_source=thecryptoapp

Of a truth, the era we are now its not a wakeup & sleep aiming lives goes on, each day people sit, think, innovate and make development for a better life....Have brought in an article on maximization of potential of working less and earning big on Crypto

When you take your money and invest it in the market, your primary goal is to grow your bottom line. One way to do that is to consider diversifying your portfolio to include various investment niches and types. Ultimately, you want to reach a point where you can rely on your investment choices to bring in new income even while you’re sound asleep. To do that and have your money work for you, design your portfolio in a way that generates passive income.

But setting up a passive income source can be a challenge in an unstable market. With the wide swings that can happen in any investment type, you need to set up an income-generating source you can rely on. To know how to create a passive system that works, you have to be clear on the definition of passive income itself.

What is Passive Income?

Passive income is money that your investments earn without your involvement. That could include proceeds from a rental property you own, evergreen automatic sales for a business you have, dividends from stock investments, or any other income-producing activity.

Another passive income source comes from earning interest on the money you have in a bank and, most recently, from your cryptocurrency holdings. Basically, any investment you hold that generates income on its own is passive.

HODLers Earning Interest

Historically, the only way to make money from digital assets was to buy low and sell high, but that’s not the case anymore. Companies like Hodlnaut now offer interest on your cryptocurrency holdings, and the best part is that you don’t have to sell what you own to grow your assets.

Hodlnaut provides stable and high-interest rates so you can earn while you HODL. The current rates start at 6.2% and climb to 12.7%, depending on which currency you hold. Of course, these percentages are subject to change based on market rates, but the company also offers one special feature you won’t see in many other places.

Making Choices

Typically, if you own Bitcoin (BTC) and the company that holds your Bitcoin offers interest, you earn the interest in Bitcoin. But Hodlnaut gives you the opportunity to choose which currency you want as payment. You get to pick from six different cryptocurrencies, so you can build your digital wealth while you automatically diversify your crypto portfolio. These currencies include Bitcoin (BTC), Wrapped Bitcoin (WBTC), Dai (DAI), Ethereum (ETH), Tether (USDT) and USD Coin (USDC).

Make Your Money Work

There is only so much new money a person can make in a day, as a general truth. That’s why it’s important to put your money to work for you. You want to work smarter, not harder, to build a sustainable and growing wealth that can build on itself even while you sleep. And earning interest from your portfolio holdings is one reliable way to accomplish that goal.

So, no matter if you have investments in the traditional market, the digital market or both, now you have more ways to earn passive income so you can grow your wealth day and night.

Source link:
https://finance.yahoo.com/news/smarter-not-harder-earn-passive-121849252.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlYXBpcy5jb20vYXV0aC9jaHJvbWUtY29udGVudC1zdWdnZXN0aW9ucw&guce_referrer_sig=AQAAAKb2sESTMMLkKUIVqRqvsYyv2_kIWGHtcwKHG4DPQJsWweICEIYaxWMPt3cVPMlklmL982Zlz4qvaKjvRrxVgJoX2A4XhUG1Y07YQlZObrmf9rnKTfPh3c7rixk9M3axBT3XaeK5AzmZHHawZP-qRaCBzV1xt4NQ5Tjkl57tRn6i&guccounter=1

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