Connect with us

Cryptocurrency

Top 5 Cryptocurrencies To Buy This Weekend for High Returns

Published

on

Lately, Cryptocurrencies have attracted attention everywhere. Be it the market crash or the recovery, these digital currencies have made the headlines time and again. Now that the Cryptocurrency Market is trending up, there can be no better time to invest in it. No wonder, Bitcoin is one of the most popular investments, but there are a few others worth trying. That means, look up Cryptocurrencies to buy this week.

Bitcoin

No wonder that Cryptocurrency can be found in the portfolio of most investors. However, what currently makes the purchase worthwhile is the combination of the market crash and Elon Musk’s withdrawal from payments in the form of Bitcoin for Tesla. With Bitcoin currently trading between $ 35,000 and $ 37,000, investors can consider this a good option knowing the price would rise in the days ahead. Hence, an investment now would produce the desired results.

ether

After this Bitcoin, all eyes go up ether – the second largest Cryptocurrency on the market. But make things clear – that Cryptocurrency deserves a lot more attention than what it’s getting now. The reason is simple – its blockchain technology is something that forms the basis of several others Cryptocurrencies. Since certain competing blockchains claim to process transactions faster and for lower fees, ether attracts attention for being the largest and most popular blockchain for DeFi. What it all boils down to is investing in ether worth it without a doubt.

EOS

Now that we’ve discussed how good an investment is ether is there is another Cryptocurrency this works similarly to that of ether. From smart contract technology to faster processing, EOS is similar to ether and stands as a tough competitor. With the potential EOS holds, buying it now could be a wise decision.

Dogecoin

Those who regularly do the Cryptocurrency The market is aware of the fact that Dogecoin has worked wonders for many investors. Compare the current value of this Cryptocurrency Until the market entry, the numbers leave everyone amazed. To what extent this Cryptocurrency has risen over the years, it sets it apart from the rest. However, while the current levels of this meme coin may not be convincing enough for investors to buy, the final call regarding the risk factor is yours. If you have the ability to take risks then buying Dogecoin shouldn’t bother you in any way and if you are unwilling to take a lot of risks it is recommended that you wait for the price to reach your desired range.

Litecoin

The reason why that Cryptocurrency Has attracted attention is due to the features it possesses. Litecoin has features that are somewhat similar Bitcoin. If you’re looking for an investment similar to Bitcoin In many ways, be it processing speed, security etc, but with a lower fee, there can’t be a better option than Litecoin.

If everyone has a tendency to Cryptocurrency Market and the belief that the Cryptocurrencies would boom in the coming days, don’t wait any longer and build your portfolio now

Share this article

Do the sharing thing

About the author

More information about the author

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency

How Ethereum Steadily Holds Their Second Place For Years

Published

on

In the past few years, Ethereum has been one of the most stable coins on the market. From December 2016 to December 2017, less than a year, the value of Ethereum rose from around $ 8 to over $ 1,000. However, this sudden surge is not because it is a new coin that no one knows about; Rather, its popularity is based on how easy it is to program smart contracts on its blockchain. The system was developed by Vitalik Buterin, who viewed Bitcoin as an inefficient and expensive solution for payments and wanted something better.

Ethereum has been the second most stable coin for years. It wasn’t until early 2017 that XRP (Ripple) briefly overtook Ethereum to take its place before coming back, but it hasn’t left second place since then. It is currently valued at around $ 4,200 per coin and has a market cap of over $ 400 billion.

The reason it was built in the first place

Vitalik Buterin, a Russian-born Canadian programmer, founded Ethereum to create a platform where smart contracts can be easily created and executed by anyone in the world. His idea was to use a programming language that programmers would be familiar with and make programming easier for them. He also wanted to add other features like Turing completeness (the ability to execute an infinite number of commands depending on the length of the contract) and ensure that programmers don’t have access to each other’s information.

The Ethereum network allows developers to create decentralized applications called “dapps”.

Dapps is a decentralized version of an application. With traditional applications, all information is stored on a central computer and can be accessed by users from their computers.

In decentralized applications, all information is decentralized and each user can make their own copy of the application, which is updated as new information comes in. This means that if a developer creates a decentralized version of Twitter, every time a tweet is posted, all users who have downloaded the application will be updated accordingly.

Dapps can be used for a variety of purposes such as gambling, social media platforms, or even financial services.

It is also possible to create a new type of token with an Erc-20 standard on Ethereum

ERC-20 is a set of rules that all Ethereum tokens must follow in order to be compatible with each other. This enables developers to create new tokens on the same blockchain without having to recreate many of the functionalities already present in Ether.

Ethereum also has its Solidity programming language. This makes Ethereum more flexible than other cryptocurrencies due to its Turing completeness (ability to execute an infinite number of commands depending on the length of the contract).

This standard has led to the creation of ICOs (Initial Coin Offerings) that help startups raise funds for their projects. ICOs are a way to fund new cryptocurrencies through crowdfunding by allowing anyone to buy tokens offered by the company. This allows users to use these tokens within certain platforms or services, creating demand when more people are using them and adding value when they are more difficult to acquire.

How Ethereum is used in some industries

The betting industry is one of the industries that can benefit the most from Ethereum’s blockchain. This is because betting involves a lot of different steps that must be carried out quickly and efficiently. All of these actions (checking that users have enough money, executing commands, upgrading game credits, etc.) require some sort of verification process that must be performed from an external computer.

With Ethereum, all the actions that a betting company has to carry out can be programmed into a smart contract that does not require any verification by external computers and also does not have to be limited to a sequence of commands. This means betting companies no longer have to pay anyone to monitor their betting platform, and it also enables better transparency and betting in a trusted environment.

More and more betting platforms are using Ethereum as a payment method. The value of the coin and its submerged market capitalization are good reasons for the betting platform to use this currency just like Bitcoin. Soon we will see unbreakable relationships from Ethereum betting sites.

The recipe behind the steady success of Ethereum

One of the reasons for the steady growth of the aether is its simplicity. Ethereum’s blockchain can be compared to a web browser. Each user has their own copy of the entire blockchain to access Dapps and use them at any time.

When a user updates the Ethereum blockchain, their copy is also updated and automatically synced with all copies of all other users. This means that any new information added to a Dapp is instantly updated on every single copy of the blockchain.

This created a network in which each user can create their own “server” or “node”. As more users can connect to the network, it also becomes more difficult to shut down or destroy.

Ethereum has become one of the few coins that has a resilient value on the market. Even if the price goes down, it still has a high market cap, which makes it one of the most valuable coins around.

Another reason that makes Ethereum so versatile is that anyone can create their own coin on the Ethereum blockchain. Instead of creating an alternative coin or a new protocol, it’s easier to build new dapps on Ethereum, which also increases the demand and price.

This has created one of the largest industries in the world that anyone can invest in without having to go to middlemen.

The future of Ethereum

Ethereum has been one of the most stable coins on the market for years. Ethereum was developed by Vitalik Buterin, who viewed Bitcoin as an inefficient and expensive solution for payments and wanted something better. The system enables developers to create decentralized applications called “dapps” that can be used for various purposes such as gambling or social media platforms. It is also possible to create a new type of token with an ERC-20 standard on Ethereum, which has become popular with other cryptocurrencies and ICOs. In 2016 there were over 1 million active addresses of users who participated in transactions on the blockchain, which shows how this technology will continue to grow in the future.

Continue Reading

Cryptocurrency

Miami-Dade County Cryptocurrency Task Force and American CryptoFed DAO Thank Wyoming’s Cryptocurrency and Blockchain Leaders for Educational Discussions

Published

on

Released: Oct 26, 2021 at 6:00 p.m. HST|Updated: 2 hours ago

CHEYENNE, Wy., Oct 26, 2021 / PRNewswire / – The Miami-Dade County Board of County Commissioners’ adoption of Resolution R-455-21 provides for the creation of a Cryptocurrency Task Force to review the feasibility of Miami-Dade County Accepting cryptocurrency and other forms of digital money as acceptable methods of payment for the county’s taxes, fees, and services, and making recommendations for other cryptocurrency policy initiatives that would be beneficial to Miami-Dade County. In order to accomplish the mission, as required by the same Resolution R-455-21, to review and analyze the efforts of other local, state, or national governments regarding cryptocurrencies, Chairman of the Miami-Dade Cryptocurrency Task Force, Elijah John Bowdre, has accepted an invitation from Marian Orr, CEO of the American CryptoFed DAO and the first DAO established under the Wyoming DAO law, visits Cheyenne and Laramie, Wyoming between 20.-22. October for educational talks with Wyomings Lawmakers, regulators, and thought leaders for the state’s successful cryptocurrency and blockchain initiatives.

Miami-Dade County

“Words cannot express how grateful I am for the educational discussions we have had and insights from leaders, including:

  • State Senators Chris Rothfuss, & Tara Nethercott
  • State Representative Ocean Andrew
  • Deputy State Secretary Karen Wheeler
  • Landesbank officer, Albert Forkner, Wyoming Division of Banking
  • Brenda Henson, Director of Wyomings Department of Revenue & Terri Lucero, Administrator of the Excise Department
  • Steven Lupien, Director of University of Wyoming Center for blockchain and digital innovation
  • Ashley Harpstreith, Executive Director of the Wyoming Taxpayers Association
  • Matt Kaufmann, Partner at Hathaway and Kunz, LLP.

Together, these innovative minds gave me deep insights into the Wyomings Success in creating and applying cryptocurrency and blockchain laws and regulations that today affect states and nations far beyond their borders Wyomings geographical boundaries. As chairman of the Miami-Dade County’s Cryptocurrency Task Force, my meetings with these leaders have provided me with comprehensive and practical guidance to provide a framework for discussing policy recommendations for. to accomplish Miami-Dade County with my colleagues. I am now planning to invite a delegation from Wyomings Cryptocurrency and Blockchain Guide to meet my Task Force colleagues at our home Miami-Dade County, and investigate the possibility of collaboration between Wyoming and Miami dade. This will likely extend to all of them Florida“, called Elijah John Bowdre, Chairman of the Miami-Dade County’s Cryptocurrency Task Force.

“I am so happy that Chairman Bowdre was able to meet with our state’s lawmakers and regulators and see how and why” Wyoming Laws, regulations and creative spirits have led to this Wyoming to become the leading blockchain and cryptocurrency jurisdiction, not just in the United States of America, but also in the world. It was a great honor to meet and introduce Chairman Bowdre to him Wyomings Cryptocurrency and blockchain lawmakers, regulators and thought leaders and for a coordinated path between Wyoming and Miami dade for future prosperity. Chairman Bowdre and his task force have an unprecedented and challenging mission, the feasibility of. to investigate Miami-Dade County Accepting cryptocurrency and other forms of digital money as an acceptable method of payment for the county’s taxes, fees, and services. As a former mayor of Cheyenne, Wyoming, I fully understand that it is vital for local governments to create new sources of income and provide better services to their citizens without increasing the tax burden on the city’s residents or businesses. I am very grateful for that Wyomings Executives who made Chairman Bowdre’s visit so successful that further collaboration and collaboration between Wyoming, Miami-Dade County and Florida just starting. “said Marian Orr, CEO of the American CryptoFed DAO.

Learn more about the Miami-Dade County’s Cryptocurrency Task Force:
https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2021/210817.pdf
https://www.miamidade.gov/govaction/legistarfiles/Matters/Y2021/211528.pdf

Learn more about the American CryptoFed DAO:
https://www.americancryptofed.org/

(PRNewsfoto / American CryptoFed DAO)(PRNewsfoto / American CryptoFed DAO)

View the original content to download multimedia:

SOURCE American CryptoFed DAO

The above press release is courtesy of PRNewswire. The views, opinions, and statements contained in the press release are not endorsed by, nor do they necessarily reflect those of Gray Media Group, Inc.

Continue Reading

Cryptocurrency

Cryptocurrency trading slump drags down Robinhood revenues

Published

on

Robinhood showed signs of its once booming crowd of retail investors cooling off on the online broker, reporting that user growth stabilized over the last quarter and cryptocurrency trading stalled.

Although analysts had predicted a slowdown in trading volume, the sharp decline in crypto trading was unexpectedly large, with transaction income from the volatile asset class falling 78 percent from $ 233 million in the second quarter to $ 51 million in the third quarter.

The decline in crypto trading dragged Robinhood’s total revenue per user down 42 percent and helped drop its stocks by as much as 10 percent in after-hours trading, according to FactSet data. Transaction revenue declined 41 percent, from $ 451 million in the second quarter to $ 267 million in the third quarter.

Vlad Tenev, CEO and co-founder of Robinhood, said the company used the quarter to develop new products like crypto wallets that could serve as the foundation for future growth. “We believe Robinhood will become the most trustworthy and intuitive platform for retail and crypto investors,” he said.

Robinhood went public in July with an offering touted as part of the meme stock revolution that democratized finance by bringing millions of new retail investors to the public markets and cryptocurrencies.

The group estimated that half of all broker accounts opened from 2016 to 2021 were on their platform, and half of their 22.4 million funded accounts opened since 2015 were first-time investors. The decline in Robinhood shares on Monday night brought them below their $ 38 IPO.

The monthly active users on the platform fell from 21.3 million to 18.9 million in the last quarter. The broker said the decline in crypto activity has also resulted in “significantly fewer” new accounts as well as a decrease in the total number of funded accounts on the platform.

Funded accounts fell from 22.5 million to 22.4 million and new customers opened just 660,000 accounts, up from 5 million in the second quarter. The broker also warned that headwinds are likely to continue into the fourth quarter.

Although the summer months are traditionally slower for broker retailers, Robinhood’s results fared worse than more traditional players like Charles Schwab, according to Devin Ryan, director of financial technology research at JPMorgan.

Brokerage firms like Schwab “are still seeing strong metrics for exposure like net new money growth, which continues to be very healthy,” said Ryan.

Robinhood added crypto wallets to the platform earlier this month, a move that puts it in direct competition with more established digital currencies like Coinbase.

Despite the slowdown, Robinhood has grown rapidly over the past year. Revenue from cryptocurrency transactions was still up more than 800 percent from the year-ago quarter.

“The company had wired the tone of the quarter pretty well with its second quarter results,” said Ryan. “The question is: Are we going to return to a more normal level of activity after what is probably an unsustainable first half of the year?”

Weekly newsletter

Sign up for our weekly newsletter to receive the latest fintech news and opinions from FT’s worldwide network of correspondents #fintechFT

Register here with one click

Continue Reading
Advertisement

Trending