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Should I Invest in Cryptocurrency?



According to a recent study, around 14% of Americans now own at least one form of cryptocurrency. Would you like to join these ranks?

If you are looking to invest in cryptocurrency, you may be overwhelmed by the technical jargon and complexity that surrounds this pursuit. What exactly is it and how do you buy a share?

Today we’re going to discuss the pros and cons of this investment and share a few ways you can determine if this is the right step for you.

The benefits of investing in cryptocurrency

Let’s start positively! If you take all the right steps, it is possible to make a significant amount of money by investing in cryptocurrency. However, the exact opposite is also true.

Before we weigh the risks involved, let’s cover some of the reasons why it is smart to invest in crypto.

User-friendly trading platforms

Much of cryptocurrency is focused on using your computer to solve complex mathematical algorithms. This process is known as mining and it helps the blockchain process individual transactions.

While this is one way to get into the crypto game, you can also trade the coins. To do this, first buy some form of cryptocurrency (like Bitcoin or Ethereum) with your real money. Then hold it and wait for the right time to sell. This is one of the easiest and most straightforward ways to make money with cryptocurrency.

When it first emerged, there weren’t many online trading platforms that made this process easy. Now, however, this is not the case. There are many different digital platforms that make these transactions possible continuously, and trading cryptocurrency is easier than ever.

Easy transfers

Another reason you might want to invest in crypto? Thanks to the work of miners around the world, the transactions are simple and usually happen in real time.

When you’re ready to confirm a transaction, you can do it with just a few clicks. Then you will receive your payment as soon as the calculation has been processed, which is usually not instant.

Low risk of identity theft

Worried about stepping into the crypto space because the idea of ​​trading money online could put you at a security risk? With cryptocurrency, this isn’t such a big threat.

Every time you complete a transaction, certain details are recorded in the general ledger, where they are accessible to anyone on the blockchain. These include:

  • The web address of the transaction
  • The transaction hash
  • The associated blockchain number
  • The miner’s name

However, the actual process of trading and transferring these assets is anonymous. There is no need to reveal sensitive personal information and the risk of identity theft is low.

Financial control

Many investments have strict rules about how you use the money and when you can withdraw it from your account. This is not the case with crypto.

Instead, you enjoy full autonomy over your money. You choose the type of digital currency you want to invest in, how you earn it, where to spend it, and who to share it with.

Save for retirement? Are you planning to send your child to college? Cryptocurrency could be an alternative investment to round out your other accounts.

Availability around the clock

Crypto investors love the process because it can take place anytime, anywhere. There is no central authority that regulates the blockchain, so transactions can take place around the clock.

As long as the user you are trading with is active and online, you can proceed. It doesn’t matter where you are geographically or what time zone you are in. This is a huge advantage compared to other types of peer-to-peer transactions.

The disadvantages of investing in cryptocurrency

While there are many benefits to investing in cryptocurrency, understanding the risks is also important. Here are some things to keep in mind before taking the next step forward.

Price volatility

Cryptocurrency prices are notoriously fickle and subject to fluctuations due to news reports and world events. Some investors may view this factor as an asset by buying stocks when prices are falling and selling them when they rise again.

However, this is a risky approach that has its own share of vulnerabilities. If you’re looking for a solid, stable investment that will pay off with low risk over the long term, it may be better to put your money elsewhere.

Hacking Risks

We discussed earlier that the threat of identity theft in cryptocurrency is relatively minor. However, that doesn’t mean you are completely safe online.

Hackers are increasingly learning how to break into digital wallets by using sophisticated methods to break into trading platforms. If they succeed, they can divert the funds into their own pockets. To protect yourself, choose a platform with strong security measures to prevent this type of vulnerability.

By avoiding poor quality websites and ensuring a secure connection, you can invest with confidence knowing that your money is safe.

Complex technical details

To the uninitiated, cryptocurrency can appear like a foreign language. There are so many terms to learn and calculations to consider that the concept may intimidate you to begin with.

However, it is worth understanding if you find this to be a viable financial prospect. Today you can find many resources online on the subject that explain everything from how Bitcoin works to reading the investment diagrams.

Is It Time To Invest In Cryptocurrency?

As cryptocurrency becomes more mainstream, investment opportunities will grow exponentially. Deciding now to join the trend could pay off in the future. At the same time, it is important to proceed with caution and only do so after you fully understand what it is about.

If you decide to invest in cryptocurrency, make sure that the trading platform you choose is reputable, high quality, and well-reviewed. This way you can lower your risks and protect yourself against the threat of online theft.

Are you looking for more lifestyle and business news to trust? We have all the tips you need on our site!

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1 in every 10 Irish investors hold cryptocurrency: Competition and Consumer Protection Commission survey



The Irish Competition and Consumer Protection Commission (CCPC) poll, published on September 16, revealed important facets of investment trends among the masses. CCPC is the legal body for promoting compliance and enforcement of consumer competition and protection laws in Ireland.
The survey came to the following results:


  • Information medium:
    • 62 percent of the 1,000 people surveyed used the Internet to obtain information about investments. The resources used by these people include online banking or investment websites, financial news websites, blogs, and social media platforms.
    • 38 percent sought advice from a bank or a financial advisor.

  • Investment form:
    • More than half, 56 percent of investors, prefer online investments.
    • Online investment options are more popular among those under 35.
      • In the under 35 age group, 36 percent preferred to use a trading platform or a mobile app such as XTB or Etoro
      • 29 percent of this age group use an online financial service provider like Revoult.
      • 22 percent of them preferred to invest through a bank or investment company.
      • 10 percent preferred brokers or agents.
  • Popular investment options:
    • For 1 in 5 people, stocks are the most popular investment option.
    • The second most popular investment option is government or corporate bonds, which are preferred by 12 percent of Irish investors.
    • 11 percent of investors held digital assets and a quarter of young Irish citizens speculated in cryptocurrencies.
      • The survey shows that more than 1 in 10 Irish investors have invested in one or more crypto assets.
      • Cryptocurrency investors in the 25 to 34 age bracket have grown to 25 percent. This group of investors is most open to savings in bitcoins or other digital coins.
  • Investment motivation:
    • 79 percent invested in order to achieve better returns for their money in the long term
    • 46 percent invested due to the current low interest rates.
      • In this 46 percent, 51 percent men invested more than 38 percent women because of low interest rates.
    • 26 percent invested in personal satisfaction
      • 47 percent of them were under 35 who invested in experiments.

Based on the results of the survey, Gráinne Griffin, Director of Communications at CCPC, concluded that Irish citizens switch online both when it comes to investing and looking for information about investing. The survey clearly indicates a transition to digitized investment, especially among the younger Irish population, Griffin said.
For the latest crypto news, investment tips, and real-time price updates, follow our Cryptocurrency page.

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Cryptocurrency: Here’s How the Top 5 Coins Have Performed Since April 2021



Cryptocurrencies have got off to a slow start this year, largely due to an order from the Reserve Bank of India (RBI) to banks telling them not to trade crypto. Cryptocurrency trading accelerated after the Supreme Court lifted the RBI ban in March and allowed coins such as Bitcoin, Ethereum, Dogecoin, and others to be traded. Since then, several online exchanges such as CoinSwitch Kuber and CoinDCX have flourished. But investing in these virtual assets requires due diligence given the extreme volatility of most cryptocurrencies. One way to do this is to look at the historical dates of these coins.

How cryptocurrencies have behaved in the past few weeks and months can give an idea of ​​their potential in the near future and whether a person should invest now or wait.

This is how the top 5 digital coins have behaved since the beginning of this financial year (as of April 1):


Bitcoin is the oldest cryptocurrency in the world. Since its introduction in 2009, it has remained an undisputed leader in the cryptocurrency market. It was Rs. 42 lakh on April 1st of that year, but by the end of May, when the market collapsed massively due to a Chinese crackdown on mining, it had hit a low of Rs. 22 lakh. However, Bitcoin has recovered. On September 17th it was Rs. 37 lakhs.


Experts say this is the only virtual currency that has a chance to challenge Bitcoin’s dominance, but it is far from realizing its true potential. At the beginning of this fiscal year, Ethereum was trading at Rs. 1.40 lakh. It broke the Rs. 2 lakh barrier by early August. This was the time when the Ethereum blockchain had the big London upgrade. Since then, it has grown in value continuously. As of September 17, at the time of writing, it was Rs. 2.76 lakhs.


Launched in 2017, Cardano is a relatively new cryptocurrency coin that has skipped the line to find its place in the top 5. Billed as a third-generation blockchain (Bitcoin and Ethereum are the first and second generation, respectively), Cardano achieved a return of almost 150 percent in just one month. On July 20, it was trading at Rs. 79.71 but by August it had peaked at Rs. 191.41. It saw further gains over the next few weeks, hitting an all-time high of Rs. 227 earlier this month. But profits have since started to decline. On September 17, at the time of writing, it was Rs. 187.82.


Tether is a stablecoin pegged to the US dollar. As the first coin, it is the most popular stablecoin. Since it is pegged to the dollar, meaning that each Tether coin should be backed by actual dollars in Tether Limited’s reserves, it is very stable compared to other cryptocurrencies. If this stability is predictable, it also limits the ability to grow wealth quickly. It stayed within the Rs. 73–75 this fiscal year. It was about Rs. 77 on 09/17.


It is the fifth ranked cryptocurrency in terms of market capitalization. Technically, Ripple is not a cryptocurrency. It facilitates open source payments and XRP is the cryptocurrency that runs on this network. The price has doubled from Rs since April 1st. 41 to Rs. 80 now. But it hasn’t seen a rally similar to what it did in late 2017, which hit its all-time high of Rs 242 in early January 2018. At the time of writing, it was Rs. 84.

Interested in cryptocurrency? We discuss everything about crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music, and anywhere you get your podcasts.

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financial: Cryptocurrency Hyper Fund under government scanner



NEW DELHI: The government is closely monitoring the cryptocurrency in the market based outside of the country after alerting that the authorities responsible for investigating financial fraud are watching a company called Hyper Fund.

Sources said Hyper Fund, a DEFI from the Hyper Tech Group, recently got under the radar. The group claims to have launched the Hyperfonds to provide a decentralized financial infrastructure. Hyper Fund was announced in mid-2020.

However, according to the company’s website, it is run by Ryan Xu, however, using the Multi-Level Marketing (MLM) model, Hyper Fund has attracted investors with higher returns and such offers, a common practice with Ponzi programs that have alerted authorities first place.

According to sources, complaints against such funds are piling up in several states. In India, the RBI, the Union Finance Ministry and SEBI had warned against trading in cryptocurrencies. The RBI plans to launch India’s official digital currency – E rupee – shortly.

The Treasury Department has made it clear that virtual currencies are not legal tender either. Therefore, VCs are not currencies. The RBI has also made it clear that it has not granted any company / company a license / authorization to operate or trade in Bitcoin or a virtual currency.

In June 2018, Amit Bhardwaj and his brother Vivek Bhardwaj were arrested by Pune police at Delhi Airport in connection with an alleged pyramid scheme. Bhardwaj, started his own Bitcoin mining operation and reportedly defrauded more than 8,000 people across the country for Rs 2,000 crore.

He has filed a complaint with the Delhi Police Department’s special cell alleging that he received a blackmail call and was asked to pay protection money on September 6, 2021 in exchange for promised higher returns.

UK regulators have issued warnings about such funds, and the Financial Conduct Authority (FCA) has issued warnings for both hyper-funds and fund advisers.

On its website, first published March 23, 2021 and later updated on August 31, the FCA said, “We believe this company may offer, advertise or sell financial services or products in the UK without our approval Any financial service or product required in the UK must be authorized or registered by us. This company is not authorized by us and is aimed at individuals in the UK. ”

She warns investors against such a fund and goes on to say, “You do not have access to the Financial Ombudsman Service or are protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if something goes wrong . ”

The website used by these companies under the FCA is,

Decentralized finance offering (DEFI) via blockchain technology from HyperTech Group, which is said to be based in Hong Kong, sources said Indian regulators and agencies have started monitoring the situation.

Following actions by financial regulators such as the US Security and Exchange Commission and the UK Financial Conduct Authority, Indian regulators and enforcement agencies have started overseeing investments in Hyper Fund – a decentralized financial offering powered by blockchain technology from the HyperTech Group.

Financial regulators around the world recognize the fact that Ponzi program organizers often use the latest innovations, technologies, products, or growth industries to attract investors and promise high returns on their program. Potential investors are often less skeptical of an investment opportunity when they judge something new, new or “current”. On its website, Hyper Fund claims to be “the strongest rocket in blockchain funding”.

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