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The dream of every little boy (and many adult men) to make a living playing video games is closer to reality. The recent release of HunterCoin and VoidSpace in Development, games that reward players in digital currency rather than virtual princesses or gold stars, hints at a future in which someone’s score on the scoreboard could be rewarded in dollars, sterling, euros and yen .

The story of a millionaire (virtual) real estate agent …

Digital currencies are slowly becoming more mature, both in terms of functionality and in terms of financial infrastructure that allows them to be used as a credible alternative to the non-virtual fiat currency. Although Bitcoin, the first and most famous of the cryptocurrencies, was created in 2009, there are forms of virtual currencies that have been used in video games for more than 15 years. The 1997 Ultima Online was the first significant attempt to include a large-scale virtual economy in the game. Players could collect gold coins by doing missions, fighting monsters and finding treasure and spend them on armor, weapons or real estate. This was an early incarnation of virtual currency in that it existed exclusively within the game, although it reflected the real world economy to the point that Ultima currency experienced inflation as a result of game mechanics that ensured an endless supply of killing monsters and thus gold coins. to collect.

Released in 1999, EverQuest took it a step further by playing virtual currencies, allowing players to trade virtual goods with each other in the game and although the game’s designer banned them from selling virtual items to each other on eBay. In the real-world phenomenon that was amusingly explored in Neal Stephenson’s 2011 novel Reamde, Chinese gamers or ‘golden farmers’ were hired to play EverQuest and other similar games full-time with the goal of gaining experience points to improve their characters. making them more powerful and sought after. These characters would then be sold on eBay to Western players who were unwilling or unable to invest hours to improve their characters. Based on the calculated EverQuest exchange rate as a result of real-world trading, Edward Castronova, a professor of telecommunications at Indiana University and a virtual currency expert, estimated that in 2002 EverQuest was the 77th richest country in the world, somewhere between Russia and Bulgaria and its GDP. per capita it was larger than the People’s Republic of China and India.

Launched in 2003 and reaching 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date in which it is a virtual currency, the Linden Dollar, that can be used to buy or sell goods and services in the game. be exchanged for real world currencies through market exchanges. Recorded $ 3.2 billion in in-game virtual goods transactions in the 10 years between 2002-13, Second Life became a market where players and companies alike could design, promote and sell the content they created. Real estate was a particularly lucrative commodity for trade, in 2006 Ailin Graef became a 1st Second Life millionaire when she turned an initial investment of $ 9.95 into over $ 1 million over 2.5 years through buying, selling and trading virtual real estate to other players . Examples such as Ailin are an exception to the rule, however, only 233 users were recorded who earned more than $ 5,000 from Second Life activities in 2009.

How to be paid in dollars for asteroid mining …

To date, the ability to generate non-virtual cash in video games has been of secondary design, the player must go through unauthorized channels to exchange his virtual booty or have to possess some degree of creative skill or business ability in the real world. which could be traded for cash. This could change with the advent of video games that are fundamentally built around the ‘waterworks’ of recognized digital currency platforms. The approach HunterCoin has taken is to ‘gamify’ what is typically a rather technical and automated process of creating digital currency. Unlike real currencies, which are created when printed by the central bank, digital currencies are created by users ‘holes’. The basic source code of a particular digital currency that allows it to function is called the blockchain, an online decentralized public ledger that records all transactions and currency exchanges between individuals. Since digital currency is nothing but intangible data, it is more prone to fraud than physical currency because it is possible to duplicate a unit of currency and thus cause inflation or change the value of a transaction after it is done for personal gain. To ensure that this does not happen, the blockchain is ‘supervised’ by volunteers or ‘miners’ who test the validity of each transaction made while using specialized hardware and software to ensure that the data is not unauthorized. This is an automated process for miners’ software, albeit extremely time consuming, which involves the high processing power of their computer. To reward the miner for verifying the transaction, the blockchain releases a new unit of digital currency and rewards them with it as an incentive to continue to maintain the network, thus creating a digital currency. Because it can take anything from a few days to years for an individual to successfully dig up coins, user groups combine their resources into a mining ‘pool’, using the combined processing power of their computers to speed up coin mining.

The HunterCoin game is located within such a blockchain for digital currency also called HunterCoin. The act of playing the game replaces the automated digital currency mining process and for the first time makes it manual and without the need for expensive hardware. Using strategy, time and teamwork, players embark on a map in search of coins, and when they find them and return safely to their base (other teams are there trying to stop them and steal their coins), they can cash their coins by depositing your digital wallet, usually an application designed to make and receive digital payments. 10% of the value of all coins deposited by players goes to the miners who maintain the HunterCoin blockchain plus a small percentage of all coins lost when the player is killed and their coins fall out. Although game graphics are basic and significant rewards take time to accumulate, HunterCoin is an experiment that could be considered the first video game with a built-in cash prize as a primary feature.

Although still in development, VoidSpace is a more refined approach to gaming in a functional economy. VoidSpace, an online multiplayer role-playing game (MMORPG), is set in a space where players explore an ever-growing universe, digging up natural resources such as asteroids and exchanging them for goods with other players to build their own galactic empire. Players will be rewarded for mining at DogeCoin, a well-established form of digital currency that is currently widely used for micro payments on various social media sites. DogeCoin will also be the currency of in-game trading between players and in-game means of purchase. Like HunterCoin, DogeCoin is a legitimate and fully functional digital currency and like HunterCoin can be traded for both digital and real fiat currencies on stock exchanges like Poloniex.

The future of video games?

Although the early days are in terms of quality, the release of HunterCoin and VoidSpace is an interesting indicator of what the next evolution of games could be. MMORPGs are currently being considered as ways to model epidemic outbreaks as a result of players ’reactions to unintentional plague reflecting recorded aspects of human behavior that are difficult to model for real-world epidemics. One might assume that in the end virtual economies in the game could be used as models to test economic theories and develop responses to huge failures based on observations of how players use real-value digital currency. It is also a good test for the functionality and potential applications of digital currencies that promise to move beyond mere means of exchange to exciting areas of personal digital ownership, for example. Meanwhile, players now have the means to translate hours in front of the screen into digital currency and then into dollars, sterling, euros or yen.

But before you leave your daily job …

… it is worth mentioning the current courses. It is estimated that a player could comfortably reimburse their initial registration of 1,005 HunterCoin (HUC) to join the HunterCoin game during one day of play. Currently, HUC cannot be exchanged directly into USD, it needs to be converted into a common digital currency such as Bitcoin. At the time of writing, the HUC exchange rate for Bitcoin (BC) is 0.00001900, while the BC exchange rate for USD is 384.24 USD. 1 HUC traded in BC and then in USD, before any transaction fees were taken into account, would be equal to … 0.01 USD. This is not to say that as a player becomes more adept, he cannot increase his team of virtual CoinHunters and perhaps hire several ‘bot’ programs that would automatically play the game under the guise of another player and earn money for them. but I think it is safe to say that at the moment even such efforts can only realistically result in enough change for the daily McDonalds. Unless players are willing to engage in intrusive in-game advertising, share personal information, or join a game like CoinHunter built on the Bitcoin blockchain, the rewards are unlikely to ever be more than micro-payments for casual players. And maybe this is a good thing, because surely if you get paid for something, it stops being a game?

Rich rewards often carry great risks, and so does a very volatile cryptocurrency market. Uncertainties in 2020 have led globally to increased interest from the masses and large institutional investors in cryptocurrency trading, a new-age asset class. Increased digitalisation, a flexible regulatory framework and the lifting of the Supreme Court ban on banks doing business with cryptocurrency-based companies have halted the investment of more than 10 million Indians last year. Several major global cryptocurrency exchanges are actively exploring the Indian cryptocurrency market, which shows a continuous increase in daily trading volume over the past year amid a sharp drop in prices as many investors looked to buy value. As the cryptocurrency craze continues, many new cryptocurrency exchanges have emerged in the country that enable buying, selling and trading by offering functionality through user-friendly applications. WazirX, India’s largest cryptocurrency trading platform, doubled its users from one million to two million between January and March 2021.

What drives the world’s largest crypto exchanges on the Indian market?

In 2019, the world’s largest cryptocurrency exchange by trading volume, Binance bought Indian trading platform WazirX. Another crypto start up, Coin DCX has secured an investment from Seychelles-based BitMEX and San Francisco-based Coinbase giant. Crypto and blockchain startups in India attracted investments of $ 99.7 million by June 15, 2021, for a total of about $ 95.4 million in 2020. In the last five years, global investment in the Indian crypto market has increased by an incredible 1487%.

Despite India’s vague policies, global investors are making big bets on the country’s digital coin ecosystem due to a number of factors such as

• Technologically savvy Indian population

The predominant population of 1.39 billion are young (average age between 28 and 29) and technically savvy. While the older generation still prefers to invest in gold, real estate, patents or stocks, the newer ones accept high-risk cryptocurrency exchanges because they are more flexible. India ranks 11th in the 2020 Chainalysis report on the list for global adoption of cryptocurrencies, showing excitement over cryptocurrencies among the Indian population. No less than the government’s friendly attitude towards cryptocurrencies or rumors swirling around cryptocurrencies can shake young people’s confidence in the digital coin market.

India offers the cheapest internet in the world, where one gigabyte of mobile data costs around $ 0.26, while the global average is $ 8.53. Thus, nearly half a billion users benefit from affordable internet access, which increases India’s potential to become one of the world’s largest crypto-economies. According to SimilarWeb, this country is the second largest source of web traffic to the peer-to-peer bitcoin trading platform, Paxful. While the mainstream economy is still struggling with the “pandemic effect”, cryptocurrency is gaining momentum in the country as it provides young generations with a new and fast way to make money.

It is safe to say that cryptocurrencies could become Indian millennials, which is gold for their parents!

• The rise of Fintech start-ups

The craze for cryptocurrencies has led to the emergence of multiple trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many others. These cryptocurrency exchange platforms are highly secure, available on a variety of platforms and enable instant transactions, providing a friendly interface for crypto enthusiasts to buy, sell or trade digital assets indefinitely. Many of these platforms accept INR for purchases and trading fees of only 0.1% so simple, fast and secure platforms represent a lucrative opportunity for both first-time investors and local retailers.

WazirX is one of the leading cryptocurrency exchange platforms with more than 900,000 users, providing users with the possibility of equal transactions. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is ideal for beginners as well as for those who work every day. Unocoin is one of the oldest cryptocurrency exchange platforms in India with over one million traders via mobile applications. CoinDCX provides users with more than 100 cryptocurrencies as an exchange option, and even provides investors with insurance to cover losses in the event of a security breach. So, global investors are looking at the multitude of cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed government response

A bill banning virtual currency that would criminalize anyone involved in the possession, issuance, mining, trading and transfer of cryptocurrencies could be passed in law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman eased concerns from some investors by saying the government had no plans to ban the use of cryptocurrencies altogether. In a statement given to the leading English newspaper, Deccan Herald, the Minister of Finance said: “For our part, we are very clear that we are not closing all options. We will allow certain windows for people to experiment on blockchain, bitcoins or cryptocurrencies.” It is obvious that the government is still examining the national security risks posed by cryptocurrencies before deciding on a total ban.

In March 2020, the Supreme Court overturned a central bank decision to ban financial institutions from trading cryptocurrencies, prompting investors to accumulate in the cryptocurrency market. Despite the constant fear of a ban, the volume of transactions continued to grow, and user registration and cash inflows on the local cryptocurrency exchange increased 30 times compared to a year earlier. One of India’s oldest stock exchanges, Unocoin added 20,000 users in January and February 2021. The total volume of Zebpay per day in February 2021 is equivalent to the amount generated throughout February 2020. Addressing the cryptocurrency scenario in India, the Finance Minister in an interview with CNBC-TV18 said: “I can only give you this clue that we are not closing our minds, but looking for ways in which experiments can take place in the digital world and cryptocurrency.”

Instead of sitting on the sidelines, investors and stakeholders want to make the most of the expansion of the digital coin ecosystem until the government imposes a ban on “private” cryptocurrency and announces a sovereign digital currency.

Is India moving towards financial inclusion with cryptocurrencies?

Formerly considered a “boys’ club ”due to the dominant engagement of the male population in the cryptocurrency market, the ever-growing number of female investors and traders has led to more gender neutrality in new and digital forms of investment methods. Women used to stick to traditional investments, but now they are becoming increasingly risky and entering the crypto space in India. After the Supreme Court clarified the legality of the “virtual currency,” India’s cryptocurrency platform, CoinSwitch witnessed an exponential increase of 1,000% of female users. Although female investors still make up a small percentage of the crypto community, they are creating fierce competition in the Indian market. Women tend to save much more than their male counterparts, and greater savings mean greater diversity in investments such as high-return assets such as cryptocurrencies. Also, women are more analytical and better at assessing risks before making the right investment choices, so they are more successful investors.

Increasing the usual institutional adoption of cryptocurrencies

Uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis erupted. Many investors have turned their funds into cash to protect their finances, resulting in falling bitcoin and altcoin prices. But even though the cryptocurrency suffered a major crash, it still managed to be the asset class with the best performance in 2020. With the increased vulnerability of the system and the loss of confidence in central bank policies and money in its current design, people have an increased appetite for digital currencies resulting in the return of cryptocurrency. Due to the great performance of cryptocurrency in the midst of the global financial crisis, the upward trend has strengthened interest in the virtual currency market in Asia and the rest of the world.

Furthermore, to stimulate society’s demand for practical and reliable transactional solutions, digital payment applicants such as PayPal have also demonstrated their support for cryptocurrencies that can enable consumers to hold, buy or sell virtual assets. Recently, Tesla CEO Elon Musk announced an investment in the cryptocurrency market worth $ 1.5 billion, and that the electric company will accept bitcoin from customers, which led to an international jump in the price of bitcoin from $ 40,000 to $ 48,000 within two days . The two largest payment platforms worldwide, Visa and Mastercard, also support cryptocurrencies by introducing them as a medium for conducting transactions. While Visa has already announced that it allows transactions with stable coins on the Ethereum blockchain, Mastercard will start transactions with cryptocurrencies sometime in 2021.

What is the future of the cryptocurrency market in India?

The Indian cryptocurrency market is not immune to the terrible declines of cryptocurrencies. Despite huge investments from global partners, local investors continue to stay away from crypto investments due to uncertainty over the legality of India’s digital coin ecosystem, as well as high market volatility. Although the cryptocurrency market has been booming since last year, Indians own less than 1% of the world’s bitcoin, creating a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new panel to study the possibilities of regulating digital currencies in the country, as well as focus on blockchain technology and propose it for technological improvements.

The ability of blockchain technology to provide secure and unchanging infrastructure has been understood by various industries to embed transparency in transactions. For a country with more than 15 million cryptocurrency users, the new board recommendation could be of great value in determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a key player in the crypto and blockchain market. Gradually, cryptocurrency is becoming increasingly accepted, which could lead to greater adoption of digital currency.

According to another TechSci Research report on “Indian cryptocurrency market By offer (hardware and software), by process (mining and transactions), by type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, others), by end user (banking, real estate, stock exchange and virtual currency), By regions, forecasts and opportunities, 2026 “, the Indian cryptocurrency is projected to grow with significant CAGR due to the growing demand for transparency and reduced transaction costs. In addition, increasing digital currency adoption and growing blockchain technology are boosting the Indian cryptocurrency market.

Blockchain’s right to fame is Bitcoin. Although it is perhaps his most famous application, interest in the technology continues to spread as countries like Switzerland and Hong Kong get involved.

Outside of Bitcoin

Blockchain offers a multitude of applications in different industries, and its unchanging and decentralized nature that makes it practically robust represents a great advantage in handling a significant amount of data during national elections. In fact, Swiss tax haven Zug is currently working on using a blockchain to record votes. The municipality of Zug does not just want to become the capital of the blockchain; it is also among the first administrations to express interest in introducing blockchain-based voting.

The municipality has completed its first trial, which involved people voting through their smartphones and a new electronic identification system in the city. The trial ended last June 25.

“The premiere was a success,” Dieter Müller, head of communications in Zug, told the Swiss news agency, Fortune quoted him as saying. There were not so many participants, but for those who participated, the whole process was easy. The following is a technical analysis of how the trial went, as this is the most common problem with electronic voting. The Holy Grail for electronic voting will be a system that will enable revision, but will still preserve the anonymity of individuals. Some believe that a blockchain might just be the right answer.

Hong Kong wants to be an international blockchain hub

The Hong Kong Securities and Futures Commission (SFC) said in its annual report that they intend to closely monitor cryptocurrencies and initial coin offerings (ICOs). The supervisor also noted that the new technology carries risks so they plan to intervene if necessary. While the SFC has taken steps to create more defined policies against ICOs and local cryptocurrencies – warning people of possible risks – Hong Kong has also continued to foster financial, cross-border blockchain-based initiatives. In fact, the region is constantly gaining a reputation as an international blockchain hub.

As an autonomous territory of China, Hong Kong operates with a separate political system that extends to its local economy. This means that the city does not access cryptocurrencies in the same way as China. Several companies related to cryptocurrencies moved to the region after the Chinese action. At about the same time in September 2017, Hong Kong expressed support for the blockchain. It has a relatively more technology-friendly stance compared to China.

During this year, we have witnessed how much the global economy has been hit by challenges and failures. The bleak economic landscape, however, does not have to be a stumbling block in our efforts to create wealth and financial well-being for ourselves. Instead, we could see it as an opportunity to break old habits and look for new and creative ways to find new sources of income that could lead us to new heights of success, even in these difficult times. One way to generate income and wealth is Forex trading. In the last few years, it has essentially shifted from the domain of large investors to access to ordinary people. The Forex market turns over $ 3 trillion a day. With figures like this, there is enough space for everyone. The question is, of course, why someone like you would be interested.

5 Benefits of Forex Trading

Scope: The Forex market is a busy 24-hour economic hub with seemingly endless activity. It is the most liquid market in the world, with more than $ 3 trillion in trade changing hands every day. It really doesn’t matter what part of the world you are in right now because the markets are open twenty-four hours a day from Sunday night to Friday night in the United States. This means that there is always time to be a part of this market and feel the taste of the action. For example, if you work full time, you may see a significant return from trading after normal business hours.

Two-way opportunities: When currency pairs are traded, a decline does not necessarily mean a loss. You can make a profit by buying or selling, as the situation requires. If you own stocks and things go badly for the industry or company you own – as was the case during the economic crisis – then you lose money as prices fall. Although short stock is an option, it is not the same as selling a currency pair. This means that getting involved in currency trading does not mean that you have to find an asset at a “cheap” price in order to make money when its value rises. You can simply go in and decide whether to sell or buy.

Small start-up capital: One of the main advantages of Forex trading is that you don’t need huge start-up capital to make things work for you. In fact, you don’t need money at all to start practicing in real market conditions, as most brokers will allow you to trade on a demo account to hone your skills before you start using real money. When you’re ready to go, you can usually open a mini-account for a few hundred dollars to start trading. Of course, one should be careful because new merchants could easily delete their accounts. The point is that this opportunity was not available, but it is now. I personally started with less than a thousand dollars in my account, and built it up from there. You can start with a small amount of investment and slowly build your wealth and power as your own knowledge and mastery of the Forex market grows.

Many courses: There are many successful Forex traders who want to share their knowledge on ways to be successful as a Forex trader. You don’t have to invest a lot of money to find valuable information about learning Forex trading. You can surf the internet to get a lot of free material that will give you a good insight into what it entails. Brokers will also often give you free lessons to encourage you to trade. You just have to invest a little time to get the basics.

Information updates: We live in the information age. With an internet connection and a wide selection of news sources, you can easily stay up to date with basic and technical information that affects the Forex market.

With all of the above to consider, Forex trading has today become another valuable way to create wealth.

Cryptocurrencies are the latest ‘big thing’ in the digital world and are now recognized as part of the monetary system. In fact, enthusiasts have labeled it a ‘money revolution’.
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Clearly, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for central authority, most of which are created by special computing techniques called “mining”.
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The acceptance of currencies, such as the US dollar, the British pound and the euro, as legal tender is because they were issued by the central bank; digital currencies, however, such as cryptocurrencies, do not depend on public confidence and trust in the issuer. As such, several factors determine its value.
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Factors determining the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

Supply and demand are the main determinants of the value of anything valuable, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.
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Mass Adoption

Mass adoption of any cryptocurrency can bring down its price per month. This is because the supply of many cryptocurrencies is limited to a certain limit and, according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.
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More cryptocurrencies have invested more resources to ensure their mass adoption, and some have focused on the applicability of their cryptocurrencies to urgent personal issues as well as key everyday cases, with the intention of making them indispensable in everyday life.
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Fiat Inflation

If a fiat currency, such as the USD or GBP, becomes inflated, its price rises and its purchasing power declines. This will then cause an increase in the cryptocurrency (we use Bitcoin as an example) compared to that fiat. The result is that with every bitcoin you will be able to acquire more of that fiat. In fact, this situation was one of the main reasons for the increase in the price of Bitcoin.
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Fraud and the history of cyber attacks

Fraud and hacks are also key factors affecting the value of cryptocurrencies, as they are known to cause wild changes in estimates. In some cases, a team that supports cryptocurrency may be fraudsters; they will pump up the price of cryptocurrency to attract unsuspecting individuals, and when their hard-earned money is invested, fraudsters cut the price, which then disappear without a trace.
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It is therefore imperative that you watch out for cryptocurrency scams before investing your money.

Some other factors to consider that affect the value of cryptocurrencies include:

• The way cryptocurrency is stored, as well as its usefulness, security, ease of acquisition and cross-border acceptability
• The strength of a community that supports cryptocurrency (this includes funding, innovation and loyalty of its members)
• Low related cryptocurrency risks as perceived by investors and users
• Sense of news
• Cryptocurrency market liquidity and volatility
• Country regulations (this includes banning cryptocurrency and ICO in China and accepting it as legal tender in Japan)

Everyone has heard how Bitcoin and other cryptocurrencies have made millionaires out of those they bought a year ago. Gains of 1,000% or more are not only possible, but common to many of these cryptocurrencies. Someone who bought Bitcoin in May 2016 for less than $ 500 would have gained 1,400% in about 17 months. Then we saw in the past few days that Bitcoin had lost almost $ 1,000, so it would be hard to say that these cryptocurrencies are unstable.

Since the beginning of Bitcoin in 2008, we at Trend News have been skeptical about the ability of cryptocurrencies to survive, as they pose a very clear threat to governments that want to see and tax all transactions. But while we may still be wary of real cryptocurrencies, we are very aware of the potential of the underlying technology that drives these electronic currencies. In fact, we believe that this technology will be a significant disruption to data management and will affect every sector of the global economy, much like the Internet has affected the media.

Here are some questions and answers to get you started …

Q: What are cryptocurrencies?

The most famous cryptocurrency (CC) is BITCOIN. It was the first CC, launched in 2008. Today there are more than 800 CCs, including Ethereum, Litecoin, Dash, Zcash, Ripple, Monero, and they are all “virtual”. There are no “physical” coins or currencies.

Q: How do CCs work?

CCs are virtual currencies that exist in very large distributed databases. These databases use BLOCKCHAIN ​​technology. Since every Blockchain database is widespread, it is considered immune to hacking, because there is no central point of attack and every transaction is visible to everyone online. Each CC has a group of administrators, often called “miners”, who validate transactions. One CC called Ethereum uses “smart contracts” to validate transactions. Crypto TREND will give more details in the coming news.

Q: What is BLOCKHAIN?

Blockchain is a technology that supports all CCs. Each transaction for the purchase, sale or exchange of CC is entered in the BLOCK that is added to the chain. This technology is complex and will not be explained here, but it has the potential to revolutionize the financial services industry, as transactions can be executed quickly and easily, reducing or eliminating fees. The technology is also being tested for application in many other industries.

Q: Are CC exchanges regulated by the government?

Basically, the answer is NO, which is a big attraction for some users of this market. At the moment, it is the “Wild West”, but governments in most developed countries are examining this market to decide which regulations might be needed. The big decision is whether to treat CC as a currency or a commodity / security. Canada and the US have so far stated that CCs are legal, however the situation remains fluid in terms of reporting and tax implications. Crypto TREND will monitor and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “Exchanges” that act as intermediaries. You start by selecting the stock exchange, setting up an account and transferring the fiat currency to your account. Then you can place your BUY and SELL CC orders. There are many exchanges around the world. Opening an account is quite simple and all these exchanges have their own rules on initial financing and withdrawal.

Crypto TREND will recommend CC exchanges in the future.

Q: Where should I store my CC?

To have the freedom to move your cryptocurrencies and pay bills, you will need to have a digital wallet. These wallets come in several formats, such as desktop, cloud based, hardware (USB), mobile phone and paper. Many of them are FREE, however, security is a big factor because no one ever wants to lose their wallet or have it stolen. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrency for some financial transactions, such as money transfers and bill payments. The list of companies that accept cryptocurrencies is growing rapidly and includes big players such as Microsoft, GAP, JC Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zynga, Subway and WordPress.

Q: What’s next?

Initially, we will keep each Crypto TREND article short and keep the scope of each one as narrow as possible. As mentioned earlier, we believe that cryptocurrency technology will change the game and that potential investment opportunities like this will occur once or twice in a lifetime. Make no mistake, investing early in this sector will only be for your most speculative capital, money you can afford to lose.

Even if you don’t want to invest at the moment, an early understanding of this new disruptive technology will put you in a good position to profit from our recommendations as we progress.

Expect to see more news and concrete recommendations from Crypto TREND as we embark on this journey into what may seem like a foreign jungle at first glance. This is an unstable market and may not be to the liking of all investors, however, Crypto TREND will be your guide if and when you are ready.

Stay Tuned!

Bitcoin is a relatively new type of currency that has only just begun to appear in mainstream markets.

Critics say using Bitcoin is not safe because –

• They have no authentic value
• They are not regulated
• They can be used to conduct illegal transactions

All the major players in the market are still talking about Bitcoins. Here are some good reasons why it pays to use this cryptocurrency.
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Quick Payments – When payments are made through banks, the transaction takes several days, much like bank transfers take a long time. On the other hand, transactions in the virtual currency Bitcoin are generally faster.

“Zero Confirmation” transactions are instantaneous, with the trader accepting a risk that has not yet been approved by the Bitcoin blockchain. If the merchant needs approval, the transaction takes 10 minutes. This is much faster than any interbank transfer.
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Cheap – Credit or debit card transactions are current, but you will be charged a fee for using this privilege. In Bitcoin transactions, fees are usually low and in some cases free.
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No one can take it away – Bitcoin is decentralized, so no central government can take away a percentage of your deposits.

No refund – Once you trade Bitcoins, they disappear. You cannot return them without the consent of the recipient. Therefore, it becomes difficult to commit money back fraud, which is often experienced by people with credit cards.
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People buy goods and if they find that they are defective, they contact a credit card agency to make a cancellation, effectively canceling the transaction. The credit card company does this and charges you an expensive refund fee ranging from $ 5 to $ 15.

Secure personal information – Credit card numbers are stolen during online payments. Bitcoin transactions do not require any personal information. You will need to combine your private key and Bitcoin key together to complete the transaction.
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You just have to make sure that your private key is not accessed by strangers.

Not inflationary – The Federal Reserve prints more dollars whenever the economy is dispersed. The government is injecting newly created money into the economy, causing the currency to depreciate, causing inflation. Inflation reduces the power of people to buy things as commodity prices rise.

Bitcoins are in limited supply. The system is designed to stop mining more Bitcoin when it reaches 21 million. This means that inflation will not be a problem, but deflation will be triggered, where commodity prices will fall.

Semi-anonymous operations – Bitcoin is relatively private, but transparent. The Bitcoin address is revealed on the blockchain. Anyone can look in your wallet, but your name will be invisible.

Easy micro payments – Bitcoins allow you to make free micropayments like 22 cents.

Replacement for fiat currency – Bitcoins are a good option for holding national currencies that are experiencing capital controls and high inflation.

Bitcoins are becoming legitimate – Major institutions such as the Bank of England and the Fed have decided to take bitcoins for trading. More and more outlets such as Reditt, pizza chains, WordPress, Baidu and many other small businesses are now accepting Bitcoin payments. Many binary and Forex brokers also allow you to trade bitcoins.
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Bitcoin is a pioneer of a new era of cryptocurrencies, a technology that allows you to peek into a future currency.

The future of cryptocurrencies

When you look at a cryptocurrency-based currency market, it will seem exciting, worrying, and mysterious at the same time. The pioneer, Bitcoin, has gained immense popularity in recent years. The currency no doubt fell significantly, but regained its position. Moreover, ICOs for new currencies based on cryptography are emerging at a rapid stage.

A lot of money is invested in the Bitcoin industry

We cannot ignore the fact that huge amounts of money are being invested in the domain. But according to financial experts, the whole future looks a little skeptical. The future of cryptocurrencies is based more on predictions of technological trends and speculations. There are some proponents of cryptocurrencies who see a bright future, while others warn people about the future of cryptocurrency.

Replacement of national currencies by 2030

Some of the leading futurists believe that cryptocurrency will remain and rule the financial market. Cryptocurrencies are projected to replace national currencies by almost 25% by 2030. Cryptocurrencies are considered more efficient, especially because of the way they work. So, replacing national currencies will not be a big deal.

In 2009, when Bitcoin was introduced, it showed great potential and was successful. Over a period of one year, it is booming and its growth is still ongoing, making it a legal currency and asset in several countries. In the last few years, several other cryptocurrencies have emerged and their popularity has led to the legitimization of new assets or currencies in addition to conventional currencies that function in the global financial economy.

We cannot deny the fact that there will be lost money in a currency economy based on cryptography. But it is also believed that there is a great possibility of making a profitable income.

You can’t expect cryptocurrency-based currencies to work like cash

Crypto-type currencies operate on blockchain technology and are not tied to any centralized government unlike traditional currencies. Some experts often call it the blockchain economy. The tax administration considers cryptocurrency to be property rather than real currency. It would not be wrong to say that Bitcoin is more or less similar to selling real estate.

When you sell your Bitcoin, you pass on discrete digital information to someone else. There are several Visa companies that have already facilitated the use of cryptocurrencies for regular transactions. But cryptocurrency is still something that needs to maintain a strong position in the mainstream economy.