Looking ahead, the crypto industry may have to embrace more regulatory guidelines and rules globally, as institutional and retail investors have been increasing expose in cryptocurrency … But that’s not really the case. For those without access to good local banks, cryptocurrencies offer a solution. As many authorities began to question the future of monetary assets, money, and similar resources, cryptocurrency was among the more controversial topics. At points, the government shows no response to the use of crypto and on the other hand, the government takes action against those who trade it. Cryptocurrencies are not commonly seen as a proper investment; they are seen as "risky", "speculative", or even "gambling". The economic throughput in the Bitcoin Cash network is at an all-time low. The cryptocurrency market has continued to witness a boom despite the global pandemic wreaking havoc on all significant economies on the planet. Why Facebook’s Libra Cryptocurrency Will Be Bad For Everyone Facebook calls its new banking endeavor cryptocurrency, but Libra looks less like Bitcoin and more like the next step in … Sharma, Chief Economist, PHD Chamber of … Argentina's economic downturn, with high inflation, a deflating currency and a shortage of US dollars to invest in, has in fact proved a shot in the arm for one sector: cryptocurrency. Why NFTs and cryptocurrencies like bitcoin are so bad for the planet The NFT market, and the crypto boom in general, do more harm than good when … That’s because, as of the time of this writing, bitcoin’s price is crashing. Even traditional financial institutions believe in cryptocurrency. Why such controversy over their energy cost? One of the main reasons it’s safe to say that cryptocurrency is here to stay is because it provides people with the kind of financial security and autonomy they wish they had in their bank account. Why Venezuela’s Cryptocurrency Is Failing ... “The petro will be an instrument for Venezuela’s economic stability and financial ... it would seem that the region is barren and poor. Bitcoin prices surged to even higher in 2017. Yet the price of cryptocurrencies … ... Money is kind of like the runners and riders when it comes to economic activity. Even so, you might not know much about why cryptocurrency is so popular at the moment. And a bad one at that if you’re an investor in bitcoin. There are certain risks present in the crypto market that are not as prevalent in traditional financial markets, such as those for stocks and bonds. Why Cryptocurrency Could be a Safe Haven During Current Health and Economic Crisis Financialnewsmedia.com News Commentary Because when there’s an economic crisis, new gold doesn’t just magically appear out of nowhere. Dogecoin is just one sign of the cryptocurrency bubble. If we look at the two leaders of the cryptocurrency market (Bitcoin and Ethereum), we see an increase in pr... 2020, a terrible crisis year for the global economy! Blockchain, Bitcoin, and Cryptocurrency are some of the terms that you must have heard at some point in your life. Initially, the network … And it holds its value. That means it crypto also holds its value. As they seek safe havens for their dwindling nest eggs, Argentines -- used to buffering against economic crises -- have been putting their money into Bitcoin, Tether, Etherium or Dai. Since the launch of crypto in Nigeria, it has been a bumpy ride. Ease of use is the reason why cryptocurrency is in high demand. But there's one reason I remain bullish on cryptocurrencies -- dApps. Cryptocurrency is not an official form of currency in any part of the world yet. • Accessible: There are over two billion people with access to the Internet who don't have rights to use to traditional exchange systems. Cryptocurrency is the perfect way to bring financial services to everyone, regardless of location or income. When Cyprus was in the thick of its banking crisis in April 2013, prices of the cryptocurrency reached record highs. And like the dot-com crash, it will get ugly. Although some people say that cryptocurrency represents the true future of the world economy, critics argue that no matter how significant cryptocurrency could be, it will always be confined to being an internet phenomenon. Other places imposing capital controls have also seen populations flee to bitcoin. I am so mad I had to write this, the world’s most self-evident take: but here is the article you can send to people when they say “but the environmental issues with cryptoart will be solved soon, right?”. Therefore, cryptocurrencies don’t fall into the ‘currency’ category either. I don't understand why cryptocurrency is not considered a proper investment in the same class as real estate, stocks, bonds, and foreign currency. Over the years, ... More people have taken up the trend as they invest in cryptocurrency as a safe haven. If you've been following the news, you undoubtedly know a few things about Bitcoin right now. It’s another wild day in the world of cryptocurrency. Why Cryptocurrency Is On the Rise. Poor and insecure working conditions for BCH miners. “It can be very risky for businesses, industry and people to trade or invest in bitcoins as it is just a formula, not backed by any tangible asset, but by sheer demand,” says S.P. Smart people know that times of economic uncertainty are going to happen sooner or later. NFT art has a dirty secret: most is stored in blockchain of the Ethereum cryptocurrency, which has a heavy carbon footprint. ... the economy is in distress as governments throw in trillions of money to cushion and salvage their economy and ward off any economic calamity. Cryptocurrency is something that has been a hot topic of discussion for many years now. And Bitcoin and other crypto — just like gold — don’t get created as a short-term fix to financial problems. Many people believe Proof of Stake is better than the Proof of Work algorithm, made popular by Bitcoin. But today, I have 5 Reasons Why Facebook’s New Cryptocurrency ‘Libra’ is Bad News for Africa. Milton Friedman’s short talk on pencils explains it best: Why every investor should consider adding even a small allocation to their investment portfolio. That’s why I believe an exchange system is important. I suppose, first, if you haven’t seen those “environmental issues”, and aren’t exactly sure what cryptoart is;. Are Cryptocurrencies Really Bad For The Environment? 3. Proof of Stake (PoS), it’s a mining algorithm popular with altcoins -- the big one being Ethereum, which plans on switching to PoS from the “traditional” Proof of Work (PoW) setup it currently has. There is no permanent regulation for the currency that is why the growth of cryptocurrency is facing a threat in Nigeria. The bullish case for cryptocurrency. Government Regulations. Crypto, like gold, is a safe haven for investors. Investing in cryptocurrencies at this stage can bombard you with fluctuating and increasing fees, slower confirmation and other crucial issues. If you agree, I invite you to check out Cointeligence’s crypto exchange list and rating here. Another reason why is Bitcoin Cash so low is because of the poor working conditions of its miners. Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for Bitcoin and alike cryptocurrencies. Especially in the past decade or so, cryptocurrency became the talk of the global economic forums. And once again, there’s a good reason why … 6 They’re Both Safe Havens in Times of Volatility. Is cryptocurrency safe? 4. That’s why smart people trust gold more than money. Find: Why Some Money Experts Believe In Bitcoin and Others Don't One: It's a cryptocurrency… Most people are aware of what cryptocurrency is and you might even buy Bitcoin now and then. It’s a financial system that’s safe from would-be hackers and robbers. All you need is a smart device, an internet connection and instantly you become your own bank making payments and money transfers. The real-time exchange markets are still plagued by many issues that prevent cryptocurrencies from truly competing with the traditional ones. 4. Nowadays, Bitcoin and other crypto are coming in and moving into its space as a serious alternative. Author Bio: On Yavin is the founder and CEO at Cointelligence, the data layer of the crypto economy.
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