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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

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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

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

“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

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

“The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance 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 finance 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 finance ministry is discussing adding the latest proposal on international 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

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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