Bitcoin: How does it actually makes money? | Marca

People interested in accessing the world of cryptocurrencies through the acquisition of cryptocurrencies such as Bitcoin, are clear that the goal is to increase their investment and this is possible by taking into account some considerations and paths to follow.

Imminent risk

However, many people simply abandon their purpose and, not understanding how this market works, lose money.

Given the inherent volatility of cryptoassets, most of them involve a high degree of risk, while others require domain knowledge or experience.

An important point to take into account is that, even though the average daily volume of cryptocurrency trading is only 1% of the foreign exchange market, there is the possibility of short-term trading through dedicated crypto buying platforms such as Binance, Coinbase, and Robinhood.

Mechanisms

Various experts agree that there are three mechanisms for making money with cryptocurrencies:

First, without owning any cryptocurrency, one can invest or trade on the cryptocurrency exchange market.

Likewise, [...]  read more

CryptoCodex: 'Large Price Swings'—Crypto Braced For $9 Trillion Fed Earthquake As … – Forbes

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Prices are … climbing 🤯

Cryptocurrency prices are surging this morning despite a warning that low volume during the U.S. Memorial Day holiday could cause things to “get weird.” Sean Farrell, head of digital-asset strategy at Fundstrat, wrote in a note seen by Bloomberg that a lull “could lead to large price swings, and potentially further volatility to the downside in the immediate term.”

The rally, put down to investor enthusiasm for riskier assets being stoked by China’s easing of Covid curbs, has seen the bitcoin price jump 5% over the last 24 hours, putting it back above $30,000. Ethereum has followed bitcoin higher, also up 5%, while challenger cardano is leading the top ten, up 10%.

Further down the charts, tron is the only major cryptocurrency in the green for May, having surged 30%. Blockworks has  [...]  read more

Bitcoin Price Breaks From Stocks and Keeps On Falling as Crypto Slides | Tech News

Crypto had another bad week — and it may only get weirder.

Crypto had another bad week — and it may only get weirder.

Bitcoin price led a decline in digital assets across the whole crypto spectrum, with the world’s largest token set for an eighth straight weekly loss in its longest such slump since August 2011.

Also read: Looking for a smartphone? To check mobile finder click here.

Bitcoin fell 2.4% on Friday to about $28,700 as of 5 p.m. in New York, buffeted by both the macro headwinds of Federal Reserve monetary tightening and the crypto-specific fallout from this month’s implosion of the TerraUSD algorithmic stablecoin, which continues to weigh on digital assets — particularly those related to decentralized finance. Altogether, the crypto market has lost some $500 billion in market value so far in May, a 29% plunge.  

For a second day, cryptocurrencies declined even as risks assets such as stocks rose, marking a break from their recent lockstep relationship — and a sign of shaky conviction that could portend a worrisome trend. 

The market’s swoon “took a lot of confidence out [...]  read more

First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn's …

“Currently, stablecoins are only used on crypto exchanges, not in mainstream payments systems. But it isn’t necessary to make them legal tender for them to be used for mainstream payments. The U.K. has a fast, cheap, comprehensive e-payment system to which banks are the gateways. The vast majority of payments in the U.K. use this system. Newer technologies such as PayPal can also be used for many retail purchases.” (CoinDesk columnist Frances Coppola) … “The week of the terraUSD (UST) collapse was among the most painful weeks in crypto history – and one we’ll reckon with for a long time. It wrought havoc on the crypto market, resulting in billions of dollars in lost value. And while those in Washington, D.C., rightly debate next steps, a smart, thoughtful conversation around potential regulation is critical.” [...]  read more

Bitcoin Heads For Ninth Consecutive Red Weekly Candle – Crypto Briefing

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor [...]  read more

Russia mulls making international payments using cryptocurrency: Report | Business Standard News

is considering allowing to be used for payments, Interfax news agency quoted a government official.

“The idea of using digital currencies in transactions for settlements is being actively discussed,” Ivan Chebeskov, head of the ministry’s financial policy department, was quoted as saying.


Russian officials are wrestling with how to regulate the country’s crypto market and use of digital currencies, with the ministry opposed to the central bank’s calls for a blanket ban.

Discussions have been ongoing for months but no consensus has yet been reached. The ministry is discussing adding the latest proposal on payments to an updated version of a draft law, the Vedomosti newspaper also reported, citing government officials.

Ukraine holds out in Donbas city under heavy fire

Ukrainian forces on Sunday resisted a Russian assault on Sievierodonetsk, the largest city they still hold in the Luhansk region of the Donbas, but endured heavy artillery barrages, Ukrainian officials said. The shelling was so [...]  read more

U.S. SEC Rejects Carbon-Neutral Bitcoin ETF by One River – BeInCrypto

The U.S. Securities and Exchange Commission (SEC) has maintained its position on Bitcoin spot exchange-traded fund (ETF) applications after rejecting One River Digital’s application to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca on Friday. Sponsored

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In its decision, the SEC stated that it applied “the same standard used in its orders considering previous proposals to list bitcoin-based commodity trusts,” and that the proposed rule change by One River did not meet its rules around fraud prevention.

Sponsored

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“[…] disapproval of this proposed rule change does not rest on an evaluation of whether bitcoin or blockchain technology, more generally, has utility or value as an innovation or an investment,” the SEC clarified.

One River Digital, launched in 2020 by Eric Peters, is reportedly backed by Alan Howard, co-founder of Brevan Howard Asset Management. The hedge fund now joins a growing list of other financial organizations that have tried and failed to move forward with the SEC.

SEC and Bitcoin ETFs

SEC’s decision to reject the application is not entirely surprising given that several institutions have applied for the approval but their applications were also rejected.

Some of these firms include New York Digital Investment Group (NYDIG), [...]  read more

Cryptocurrency Transactions Are Anonymous: Is This A Myth Or Fact? – NDTV.com

Cryptocurrency transactions are not anonymous

When a new user hears the word cryptocurrency, the first thing that springs to mind is anonymity. In fact, in its early days there was an assumption that because cryptocurrencies such as Bitcoin were untraceable and anonymous, they were a safe haven for criminals. The notion was that crypto allowed users to conduct private transactions that banks, governments, and law enforcement organisations were powerless to track. However, while cryptocurrency does provide privacy, personal information such as an investor’s name, address, and phone number can still be traced.

In the initial 2008 white paper that introduced blockchain technology via bitcoin, the concept of invisibility or anonymity was promoted. The idea was based on the fact that just two parties are involved in the activity because cryptocurrency enables for direct peer-to-peer transactions over the internet.

However, any blockchain transaction is documented using [...]  read more

MicroStrategy CEO on Bitcoin: “I'll Be Buying at the Top Forever” | Cryptoglobe

On Friday (May 27), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), shared his latest thoughts on Bitcoin.

It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary treasury reserve asset.”

Saylor said at the time:

Our decision to invest in Bitcoin at this time was driven in part by a confluence of macro factors affecting the economic and business landscape that we believe is creating long-term risks for our corporate treasury program ― risks that should be addressed proactively.

Since then MicroStrategy has continued to accumulate Bitcoin and its CEO has become one of Bitcoin’s most vocal advocates. MicroStrategy’s latest $BTC purchase, which Saylor tweeted about on April 5, means that the firm is now HODLing around 129,218 [...]  read more

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