News from the Crypto World: Bitcoin, Ethereum, XRP and more.
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Crypto adoption news
Some 100 people have already applied for Bitcoin (BTC) blockchain data-related roles at the BTC-keen American software firm MicroStrategy after the company posted vacancies for analyst and
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Gavin Brown, Associate Professor in Financial Technology, University of Liverpool.
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After Tesla announced it has invested USD 1.5bn in bitcoin and expects to start accepting the cryptocurrency as a payment for its electric vehicles in the near future, the bitcoin price went soaring. It went from around USD 39,400 to an all-time high of over USD 48,000 in less
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Bitcoin ATMs seem to be popping up everywhere, as Bitcoin is fighting to crush its old ATH. Following the increased interest of institutions, retail investors are looking for different ways to buy Bitcoin with credit card, bank transfer, or even cash.
That’s right; cash! Not many options are available today when it comes to cash payments for Bitcoin. Apart from using a terminal for your transactions, the only other way would be to take the risk and meet someone in person. That is neither safe nor smart, as so many people end up getting scammed.
In this article, we look at Cryptocurrency ATMs, how they work, their benefits and drawbacks, as well as their future.
The concept of Bitcoin ATMs goes far back, with the first terminals being placed on busy locations as early as 2014. They operate similar to normal ATMs, in as they allow users to spend or receive cash (or use cards), in order to receive or sell cryptocurrency. They are great of tech-illiterate people, as they do not require the creation of an account on an exchange platform, or going through the complex verification process so many are trying to avoid. However, they do have their limitations, which we will discuss below. You can get a better idea of Bitcoin ATMs and how they work by watching the following video:
There are several advantages when it comes to buying cryptocurrency from a physical terminal (a.k.a. ATM). These are:
● You can usually buy up to $1000 worth of BTC without any form of verification
● If you wish to exchange larger amounts, all you need to do is verify your phone, which may simply be a burner number to ensure your privacy.
● The machine accepts cash, which is the best way for people with not much internet knowledge to obtain Bitcoin. You will, however, need to create a wallet if you don’t have one already.
● The machine can also pay you in cash, which can come in handy when you find yourself in common Bitcoin ATM locations like shopping malls or airports.
● It may be hard to find an ATM close to your location. This can be a problem, as you need to physically visit the store to make the purchase or sale.
● Cryptocurrency terminals have very high fees. With most exchanges charging less than 0,1% for your purchases, ATMs can be seen as extremely expensive alternatives. While most charge anywhere in the range of 4-5% (which you will obviously not even see since the price they sell you the coins for is dynamically adjusted) there are cases where the amount can rank up to 10% of your transaction.
● They don’t support many cryptocurrencies. At the current time of this writing, cryptocurrency ATMs will usually support a small number of coins, since they haven’t been updated in a long time (with exceptions). Apart from Bitcoin, you can expect to buy the likes of Ethereum, Bitcoin Cash, Litecoin, and Ripple, while some terminals also add Tron and Stellar Lumens as options.
As investors are becoming more intelligent, cryptocurrency ATMs will no longer be the only way in which people choose to purchase Bitcoin. Unless merchants decide to lower the rates of their terminals, people will start buying Bitcoin using different ways, including newer ones that seem cheaper.
One of these methods is Paypal, which recently announced its support for a select number of cryptocurrencies. With a moderate fee of 4,75% it would make more sense for those wishing to invest a significant amount of money to use the popular payment system instead.
Aside from that, there are several cryptocurrency exchanges that are currently releasing cryptocurrency debit cards. These cards will link directly with a user’s trading portfolio allowing them to pay for anything by simply using their exchange funds. With an average conversion rate & commission of 2%, this option is even better when it comes to future applications. That being said, we may see ATMs upgrade their offer, in which case these statements will no longer be as important.
Cryptocurrency ATMs are, to this day, an important bridge between everyday consumers and Bitcoin. They are one of the most important elements that will eventually lead to mainstream adoption. As the public is becoming more accustomed to Bitcoin and the demand keeps on increasing, we may see more cryptocurrency terminals popping up all around the world, to accommodate the needs of the public. All we can do now is wait for it to happen!
In 2020, cryptocurrencies seem to have returned to 2017 crypto boom. Bitcoin once again showed rapid growth at the end of the year and made almost the entire cryptocurrency market to grow. Bitcoin is already near the $20,000 level and has even reached a new all-time high on some exchanges. A lot of crypto enthusiasts and investors predict further bitcoin growth in the long term after the recent halving.
Also, it seems that altcoins season also takes place right now and some investors expect that it is only the beginning, especially for decentralized finance projects (DeFi) that have skyrocketed in popularity recently and have become the hottest topic of this year.
Is it too late to jump on a rocket to the moon and benefit from the current crypto market boom? And how to find a better way to do that? Let’s try to figure it out.
Trading is one of the most popular ways to earn on the cryptocurrency market, which becomes even more common during the market boom. All due to the volatility growth and sharp price changes. The price may change by tens of percent in just a day. This attracts both experienced traders who want to benefit from volatility, as well as beginners who expect further growth and fear of missing out.
When trading during a market boom, it is worth remembering that a significant price change may be followed by a movement in the opposite direction or a so-called correction. Correction can take place both on short and long intervals. For example, some traders may buy cryptocurrency after a fall in a short period and then sell the asset when the price starts to rise again. This trading method can be profitable, but you should be ready that the price will not always move in the direction you expect.
Besides, a huge price rally is most often followed by a deep correction which can take several weeks or months. Therefore, it may be worth looking into opening a short position one day that allows you to benefit from the price fall.
If you just entered the market expecting further growth of cryptocurrencies, then don’t forget that during a boom, a lot of coins rise in price only because the rest of the market is growing. Before investing in any coin, you should do research and find out more about the project behind the coin, evaluate its growth prospects.
In turn, when entering the market during a cryptocurrency boom, you need to be prepared that investments may not pay off immediately or not pay off in general. For example, those who bought bitcoin for $18,000 in 2017 and did not manage to sell it for $19,000 had been waiting three years for the price to reach the same level again. At the same time, a lot of coins popular in 2017 have not yet returned to their previous highs.c
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Over the past few years, staking has become more popular since many projects are switching to the Proof-of-Stake consensus protocol instead of Proof-of-Work. For instance, Ethereum, the second most popular cryptocurrency, will switch to Proof-of-Stake and will support staking. One of the reasons for the growing popularity of staking is also that it is much cheaper and more convenient compared to mining.
To benefit from staking, you just need to keep a certain amount of cryptocurrency in your wallet or on the balance of the exchange. The staking reward varies depending on the network and may be determined by the “age” of staked coins.
Rewards are distributed in the same coins you are staking at the end of the staking period. Therefore, if the coin price rises, then staking becomes more profitable. A lot of staking-supported cryptocurrencies have surged during the current cryptocurrency boom, so it can be an excellent option to benefit from it as well.
However, it is worth remembering that staked coins in most cases are locked and can’t be moved. Rewards distribution timeline is not always fixed. Some networks pay out rewards after a fixed time interval but sometimes it can also get delayed. That is why it is important to check the reward distribution criteria with the validator.
DeFi’s rise in popularity is one of the reasons for the current cryptocurrency boom. Many DeFi coins began to show explosive growth back in 2019 and reached their all-time highs in 2020. This is because DeFi platforms have become more commonly used. If in December 2019 the total value locked in DeFi was around 600 million USD, then now it’s more than 14 billion USD.
The process of earning on DeFi is called yield farming. It allows you to receive a reward in the form of protocol tokens for lending/borrowing crypto, participating in liquidity pools, etc.
Yield farming can be viewed as a cryptocurrency cashback for participating in the DeFi platform. Some projects also provide governance tokens for participating in the network that can be used to vote for further project development.
There are many separate events taking place in the cryptocurrency market where you can benefit from. For example, the Bitcoin Cash fork that took place on November 15th. Many exchanges and wallets supported this fork, so you could buy bitcoin cash with a credit card, store them until the fork and get a new BCHA coin in a 1: 1 ratio. The fork is one of the reasons why the BCH price has surged in November. Talking about similar events, the upcoming Spark airdrop for XRP holders also may affect the XRP price.
In addition, more coins are increasingly being added to cryptocurrency exchanges because of their growing popularity during the cryptocurrency boom. It makes them even more accessible for trading, staking, and other things. To attract investors‘ attention to the coins, many projects and exchanges are also announcing a giveaway or bounty program, where you can get cryptocurrency in just a few small steps.
Cryptocurrencies provide a lot of ways to earn money and everyone can find the one that suits the most. However, before entering the crypto market, you need to decide whether you are here only for the sake of the current boom and some events, or you have more long-term plans. This will help to determine which strategy and way to benefit you should pay more attention to.
In these article we’ll take a look of two of the best crypto exchanges (Bitcoin, BTC, Altcoin) at the moment: Bybit and Phemex. In fact, these two new-entries have a lot to say against the well known BitMex. For our readers, a welcome reward link (up to $90 and $72 dollars for Bybit and Phemex respectively) to open a new account inside the article!
You can buy cryptocurrencies on certified Crypto Exchanges. Some of the most known Crypto Exchanges are Binance, eToro and Bitstamp. Most of crypto currencies have completely recovered since the market crash of March 2020 (related to the pandemic Covid-19). Due to the increasing attention towards the Cryto-world, it is now possbile to buy Bitcoin, XRP, Ethereum (and other cryptocurrencies …) with Credit Card. Phemex, in particular accepts the following payment methods:
You have only to open an account [open a phemex account -FREE]
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Phemex is a new BTC exchange in comparison to other such as BitMex or Bybit (which is also relatively a young platform). But now we have to consider the main differences, PROs and CONs:
A resume of the trading fee and main features is reported in the image below.
Go to the reward link [WELCOME BONUS + 7 DAYS PREMIUM ACCOUNT FREE].
Since 2018 Bybit has attracted a lot of Bitcoin and Altcoin traders due to its simplicity to use. As we said in the introduction, Phemex and Bybit are two young platform which are growing-up very fast thanck to their capabilities. Now, let’s check strength and weaknesses of Bybit.
On the whole we think that both thse platforms are an optimal choice for Bitcoin and Altcoin trading, the slight differeces which emerges between two may lead you to prefer one to another. According to us, a good choice may be differenciating and using both of them.
In case you want to open a Bybit account, you can have till $90 bonus by using the following link:
FIFA 21, like its predecessor, can count on the appreciated gameplay introduced with FIFA ULTIMATE TEAM. The key factor is to earn as much of fifa coins (FUT) as possible in order to bu the best players. But the likes of Cristiano Ronaldo will set you back millions on the market, so it takes plenty of hard work to build up your ideal side. However, by setting up a proper strategy you can limit your expenses as much as possible.
Even though FIFA 21 (like FIFA 19 and FIFA 20) is created to be a pay-win game there’s an innovative way to make millions of fifa coins (FUT) at a very reasonable price (about 22.90$/month). Of course, you should never ever buy a gold pack (read below to know why).
Nowadays, there’s an innovative solution which allows you to get fifa coins passively. It’s called FIFA 21 MILLIONAIRE. The creators of the FIFA 21 MILLIONAIRE platform have developed an Autobidder and and Autotrader for FIFA 21. In few words, the Autotrader helps you to trade autonomously (for example when you are at school or at work) the players. You have only to set the selling or buying price and the players you want to trade. On the other hand, the autobidder will assure to get the job done: it automatically matches demand and offer to get the best price.
FIFA 21 Millionaire is a very simple-to-setup sofware. In only two weeks you can make enough fifa coins to buy Messi and Ronaldo creating an unbeatable team. You can save time and get you team ready when you turn on the game. Stop losing time trading fifa coins (FUT) for hours! Moreover, FIFA 21 Millionares comes with a buch of other features included in the very small fee they ask (22.90$/month):
You can see a video explanation of the software below.
Of course, when you’ve earned tons of FIFA (FUT) coins, you can also sell them to make real money.
There are a buch of websites where you can sell the fifa coins. For example, we can mention futexchange.com and mmgonda.com. In the latter one, you can sell 100k fifa coins for about $5-$6. By selling fifa coins for real money, you can easily repay the subscription of FIFA 21 Millionaire.
Once you pass the 50,000-coins mark, invest in 3 or 4 TOTW players between Wednesday and Saturday of any given week. You have only to search for ‘Special’ players on the transfer market at a Buy It Now price of about 11,000. Then, take your pick from any TOTW players rated 81 or above. You can *always* resell these players for at least 13,000 coins. In case you suddenly need funds, quick-sell them to the CPU for around 10K, meaning any losses are tiny.
Buying bronze packs is an effective, low-risk investment method for making coins. It works like this: purchase a bronze (400 coins) or premium bronze (750) pack, and aim to make a profit by selling items at their minimum ‘buy now’ price or higher. In case you have less than 20,000 fifa coins, you had better the bronze packs rather than silver. 400 coins can be made back in a single match, and you see a swifter return on the cards you place on the market. Longer-term, with more in-game currency to spare, you can afford to mix the two equally.
Gold packs are so very easy to come by in FIFA 21. You get them for completing SBCs, for seasonal objectives, and in your rewards for Squad Battles, Division Rivals and FUT Champions. For this reason, the transfer market is constantly saturated with gold cards.
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