The leading cryptocurrency pushed past $77,000 for the first time in 11 weeks, triggering a wave of forced liquidations across derivatives markets. 

Despite the upward momentum, traders continue to position for downside risk, signaling persistent caution.

The wider digital asset market advanced in tandem with Bitcoin’s move. Overall market capitalization increased by about 3% in the last 24 hours, reaching nearly $2.61 trillion. 

Bitcoin liquidation data (Source: Coinglass)

Trading volume also picked up pace, rising 12% to $172 billion, indicating stronger activity and quicker shifts in positions.

Short liquidations dominate market shakeout

Data from CoinGlass shows that more than 164,000 traders were liquidated within a single day, with total losses reaching $747.8 million. 

Short positions accounted for the majority of these losses, representing roughly 78% of liquidations. More than $585 million in bearish bets were wiped out as prices moved higher.

Bitcoin alone contributed about $378 million to total liquidations. Around $344 million of that came from short positions, indicating that traders had heavily bet against a price increase. 

The largest single liquidation occurred on Hyperliquid, where a BTC/USD trade worth $15.75 million was closed.

The price surge has triggered what appears to be a short squeeze. As Bitcoin climbed more than 3% in 24 hours and approached $78,000, traders betting on lower prices were forced to buy back positions, which added further upward pressure.

Bearish sentiment persists despite the rally

Even with the rally, sentiment has not shifted significantly. Funding rates in perpetual futures markets remain negative, showing that leveraged traders are still leaning bearish. 

This trend has persisted for about 46 consecutive days, marking one of the longest stretches since the FTX collapse in 2022. Options markets also reflect caution. 

Traders are actively purchasing downside protection, with strong demand for put options at $60,000 and $50,000 levels. This behavior suggests that many participants expect potential volatility or a pullback.

Macro factors have contributed to the recent rally. Improved geopolitical tone between the United States and Iran supported a broader risk-on environment.

Equities moved higher, while oil and the US dollar weakened, creating favorable conditions for crypto assets.

Ethereum followed Bitcoin’s move and rose more than 3% to trade around $2,420. This increase led to $162 million in liquidations, with short positions accounting for about 87% of that total. Among altcoins, RaveDAO stood out with a 25% gain, trading near $21.69.

ETF inflows support price recovery

Spot demand is showing signs of recovery as Bitcoin has gained around 14% from its April lows. 

This rebound appears to be supported by renewed inflows into crypto-linked exchange-traded funds. Weekly net inflows have exceeded $332 million.

On April 16, Bitcoin ETFs recorded $26.05 million in inflows, while Ether ETFs added $18.02 million, marking their sixth consecutive positive session. 

BlackRock’s IBIT led with $81.71 million in daily inflows, pushing its cumulative total to $64.35 billion.

Grayscale added $16.67 million, while Morgan Stanley contributed $13.36 million. However, some funds saw outflows, including Fidelity and ARK.

Despite improving spot demand, leveraged traders remain cautious. The market continues to face a standoff between rising prices and bearish positioning. If short pressure builds further, additional squeezes could drive volatility higher in the near term.

The post Bitcoin $77K rally leaves bears bleeding as $585M in shorts wiped first appeared on Coinfea.

Rapidly Evolving Crypto Ecosystem

The total crypto market cap that currently stands at over $1 trillion and already hit the $3 trillion market around a couple of years ago is not an easy target for governments or organizations that work on targeting its flaws and preventing its further development. There are around 22,423 cryptocurrencies and 537 crypto exchanges actively working as of now according to Coinmarketcap data. The total market cap of Bitcoin alone exceeds the market cap of leading global firms Walmart and Mastercard by a considerable margin.

The real money invested in the crypto market shows people believe in the technology behind this booming sector. Major tech giants such as Microsoft are already accepting payment in Bitcoin. Coca-Cola, Home Depot, and BMW have also included Bitcoin in their list of accepted payment methods.

Metaverse is another aspect of blockchain technology that is redefining the virtual reality. According to Emergence research report Metaverse Market Size will increase to $1.6 Trillion in 2030 and estimate to register a CAGR (Compound annual growth rate) of 43.3%.

This tremendous growth in the crypto projects thoroughly contradicts the claim is crypto dying in 2023. Instead, it forecasts the upcoming surge in crypto market in coming years.

Crypto projects that may change the world

XRP Planning to take over SWIFT

Ripple Labs’ native cryptocurrency XRP has emerged to be the cheapest and fastest way to transfer money across the world. This blockchain project has claimed to have the potential to disrupt the global payment system. While the traditional system takes a long time to process a cross-border transition with the involvement of many intermediatory and huge fees, XRP takes hardly 5 to 6 seconds to process payment from one place to anywhere in the world and that comes at a negligible fee. Ripple Labs has created Ripplenet, a framework designed to suit and cater to the needs of banking and financial institutions. It could be used to make a nearly real-time and cost-effective payment transfer across the globe. As per Ripple Labs, this groundbreaking technology can handle the requirement of a faster payment settlement system and save billions of dollars that are paid to intermediaries while making international payments through SWIFT.

Ethereum is a real gem of the crypto landscape

 the top 2nd cryptocurrency Ethereum has completely changed the way blockchain technology could be utilized for real-world causes. There are massive projects that are built over Ethereum and offer solutions ranging from decentralized finance to creating a non-fungible token (NFT). Ethereum has recently adopted a consensus method that consumes ridiculously less energy than its predecessor. It shows that crypto projects are flexible and willing to update themselves for a better world.

Stablecoin, transcending the US dollar barrier

The major flaw with using cryptocurrencies as a payment method is the high volatility in their price. A Bitcoin transferred to a person may decrease or increase in value considerably within a day or a week. In contrast, a stablecoin as the name suggests does not have any changes in its value. Moreover, the fee charged for transactions in stablecoin is extremely low which makes it another lucrative method for making payments. Fund transfer in USD tether which is pegged in 1:1 with the US dollar, through the TRC 20 network only cost $1 despite the amount of fund being transferred. The revolutionary change unleased by stablecoins alone shows contrary to the assumption is crypto dying in 2023, it would be safe to say crypto is only going to position itself for a transformation in upcoming years.

The market cap of this crypto segment has witnessed remarkable growth in its market cap which indicates potential growth in its adoption as a preferred payment method over the US dollar.

Along with these prominent projects, there are many other wonderful blockchain-based initiatives that are outshining their traditional competitors.

Stories that maligned Crypto image

LUNA Collapse

 2022 could be considered the worst chapter in the history of Crypto. Terraform Labs LUNA cryptocurrency which was once worth more than $50 billion had fallen to the bottom. This tragic event has worked to trigger a chain of many other catastrophic events in the crypto market like the bankruptcy of 3 arrow capital, Celsius a crypto lender, etc. Furthermore, it has created a void in the crypto world that is yet to be filled completely.

FTX Falling to Pieces

Once a crypto empire, a lifesaver of crumbling crypto projects has fallen from grace at a time when no one had a clue about it. The collapse of FTX has raised many questions about the internal infrastructure of a crypto firm, awareness of financial and regulatory bodies on crypto companies, and most importantly the safety of users hard earned money. A whopping $3 billion in funds are still stuck at FTX, and there is no certainty about releasing the funds to stockholders anytime soon.

Billions of funds stolen

Hacks and rug pulls are rampant in the crypto ecosystem owning to many technological and human errors. Nevertheless, the year 2022 was the year with a staggering amount of funds ever hacked from many crypto firms. Metaverse and gaming firm Axie Infinity’s Ronin Bridge hack resulted in a loss of $625 million fund. Around $325 million was stolen from Wormhole Bridge through exploiting the technical loopholes by hackers. In a series of other such hacks, hackers targeted the technical fault in a crypto infrastructure and got away with more than $600 million fund.

Along with these major shortcomings, the sprouting of many hollow crypto projects only aimed to steal users’ funds such as the Squid game token, were the serious issues faced by the crypto. However, with increasing awareness, regulatory restrictions, and maturation of the crypto market, the year 2023 is only expected to weed out such phony projects.

Is Crypto destined for Extinction in 2023?

Although the crypto ecosystem is still fragile and requires enormous improvement in order to gain the trust of users. Areas that require major enhancement are fixing technical loopholes that make crypto heaven for hackers. A proper and unified regulatory framework is imperative to prevent any other instance of FTX. Furthermore, it will restore users’ faith in crypto and assure them about the safety of their funds. It is pretty far to bring and embed crypto trading and other such activities into the financial fabric of a country but a regulatory body to oversee the activities of crypto exchanges is the need of the hour. Going back to question is crypto dying in 2023, the answer seems pretty obvious despite many obstacles in the way ahead.

Considering the strength and drawbacks of the crypto ecosystem, it is not difficult to assume that crypto is not going anywhere but to bloom, flourish and continue its adoption around the globe. El Salvador government’s adoption of Bitcoin as legal tender and moves to bring a bond based on BTC shows the real potential of Bitcoin and cryptocurrencies.

The post Is crypto Dying in 2023? first appeared on Coinfea.

Imagine a world where you can make money just by playing a video game. I’m not talking about in-game money – I’m talking about the cash that helps pay bills and put food on the table. In the real world, you could buy and sell all the assets found in a video game, such as the characters, outfits, and weapons. This is what GameFi promises to be; instead, it already is!

This blog will narrate the whereabouts of this super fascinating aspect of blockchain technology and how you can start your GameFi journey.

What is GameFi?

The term ‘GameFi’ termed by Andre Cronier happens to be a fusion of two words – Game & Finance. According to a recent report by The Cointelegraph, GameFi is defined as a; “combination of games with financial incentives made possible by cryptocurrency specifically tokens on smart contract cryptocurrency blockchains like ethereum.” Simply put, GamFi refers to play-to-earn (P2E) blockchain games; that offer economic incentives to players. 

Video games were previously hosted on centralized servers that belonged to a company that had the power to shut the world down whenever they wanted. Additionally, players had no ownership of any of the items they acquired through their characters, such as clothes, weapons, and prizes. Everything within the game existed solely within its boundaries, with no real value outside of it. 

The GameFi ecosystem leverages blockchain technology, cryptocurrencies, and NFTs to create a virtual gaming environment. By completing tasks, battling other players, or progressing through various levels, players earn in-game rewards like crypto tokens, virtual land, avatars, and other NFTs. In contrast to traditional video games, play-to-earn games let you buy in-game assets to transfer outside the game’s virtual world. Players can then transfer their assets outside of the game to trade on crypto exchanges and NFT markets.

But how does GameFi work? Now, let’s have an understanding of it.

How does GameFi work?

The various blockchain-based games revolve around rewarding players for completing in-game tasks, while others may enable revenue generation from the various underlying assets like virtual lands, avatars, weapons, and costumes that a player owns. Mostly, the in-game assets are NFTs, meaning they could be traded on NFT marketplaces.

Depending on the game, gamers can earn rewards by completing tasks, engaging in battles with other players, or constructing monetized structures on their plots. Players can also generate passive income through staking or lending their gaming assets to other players in some games. Here are some of the common features of GameFi.

Play-to-earn model

The P2E gaming vertical was initially pioneered by the crypto kitties and more recently brought to life by the very famous game, Axie Infinity. At the core of GameFi projects, P2E happens to be a revolutionary gaming mode. What’s fascinating about P2E is, as opposed to the early blockchain games where profits were largely dependent on chance, it has introduced a full suite of financial utilities and advanced in-game economies built on both fungible and non-fungible tokens.

Most P2E games have their own model and game economy. Mostly, these digital assets provide some sort of monetary benefit to the players. One earns these assets, whether it be through fighting and earning crypto, selling an NFT they bought in-game or charging rent to stay on their virtual land. 

Through liquidity mining or lending their gaming assets to other players, some play-to-earn games even allow players to generate passive income without playing the game at all. Such abilities not only decentralize the game even more but also allow its players to have a say in how it is developed via DAOs. 

Let’s understand how P2E works through the game Axie Infinity. 

• Gamers use their NFT pets -called ‘Axies‘- like creatures to earn SLP tokens by completing daily quests and battling other players. 

• If the players achieve a certain PvP rank, they are rewarded with AXS. 

• AXS and SLP are used to breed new Axies, which can be used in-game or traded in their official NFT marketplace. 
• This lending model is known as scholarship, allowing scholars to use the borrowed Axies to play and earn rewards. 
• The earned rewards are then split between scholars and Axies owners.

Digital asset ownership

As previously stated, blockchain technology enables digital asset ownership, meaning that players may monetize their in-game assets in multiple ways. Players may have avatars, pets, residences, weapons, equipment, and much more, much like in video games. However, in GameFi, these assets may be issued or minted on the blockchain as NFTs. This gives participants complete control over their goods, as well as authenticity and provable ownership.

For instance, popular games like Decentraland and The Sandbox focus on the concept of land ownership. They allow players to own virtual real estate, develop it, earn token rewards by hosting content and events, and charge other players to stay on it. These pixelated lands are available as NFTs.

DeFi components

Some GameFi initiatives also include DeFi products and services including staking, liquidity mining, and yield farming. Players may often stake their in-game tokens to obtain awards, unlock unique products, or get access to additional gameplay levels.

Incorporating DeFi components can also help to decentralize crypto gaming. Unlike typical game studios, which have centralized management over game updates, certain GameFi initiatives allow the community to participate in decision-making. Through decentralized independent groups, they may propose and vote on future upgrades (DAOs).

Decentraland players, for example, may vote on in-game and organizational decisions by locking their governance tokens (MANA) in the DAO. The more tokens they secure, the more votes they have. This allows gamers to connect directly with game creators and influence game development. 

Getting started with GameFi

There are dozens of blockchain games on the market, and they all operate differently. Be wary of bogus initiatives and websites. Connecting your wallet or downloading games from untrustworthy websites might be risky. Ideally, you should open a new cryptocurrency wallet just for this reason and only utilize funds that you can afford to lose. If you are convinced that the game you discovered is secure, proceed with the subsequent steps.

1. Create a crypto wallet

To enter the GameFi realm, you must have a suitable cryptocurrency wallet, such as Trust Wallet or MetaMask. Crypto wallets, unlike regular wallets, hold encryption keys connected with digital assets, allowing you to access, transmit, and receive cryptocurrencies. 

Although there are several wallets and currencies available, most games require specific wallets to function; for example, Axie Infinity requires its players to use the Ronin wallet. To find out which wallets are supported by a particular game, visit its official website. You can also connect your crypto wallet to the Ethereum blockchain and have access to the majority of the Ethereum network’s games.

2. Connect the wallet to the game

This will be your means of logging into the game as well. With blockchain games, you use your crypto wallet to log in instead of setting up an account with a username and password. Ensure that you are connecting your wallet to their official website, not a fake look-alike.

3. Get to know the game’s requirements

Typically in play-to-earn games, players must acquire their cryptocurrency or NFT tokens to start; for instance, if you want to play Axie Infinity, you need 3 Axies in your game wallet. It is advisable to consider the earning potential of a given game in relation to its global risks, including how long it will take to earn back the initial investment and start making profits. 

For those who don’t have enough money to buy tokens directly, or don’t want to assume the financial risk, there are in-game scholarship programs that let you borrow NFTs. However, you will have to share your earnings with the NFT owners if you play as a scholar.

Keep in mind that, like anything else on the internet, GameFi has its share of scams, so be alert to fake sites. Furthermore, it is a good practice for you to create a separate crypto wallet for each game you play.

Future of GameFi

In the early days of Bitcoin, people have tried their luck playing simple browser games with the hope of making BTC profits. While BTC games are still around, blockchain gaming continues to exist even with the rise of Ethereum and smart contracts, which have made the experience much more immersive and interesting.

GameFi’s projects have surged in 2021 and are likely to continue to grow in the future. More than 1,400 blockchain games are listed in DappRadar as of May 2022. Today, popular games are available on numerous blockchains, including Ethereum, BNB Smart Chain (BSC), Polygon, Harmony, Solana, etc.

The fact that GameFi combines entertainment with financial incentives makes it easy to see how they attract gamers. The ability to own in-game assets and earn money from games makes GameFi quite appealing, particularly in developing countries. With the growing popularity of blockchain games, we may expect an increasing number of large corporations to contribute to the development of the metaverse, ultimately taking GameFi to a global level of recognition.

The post GameFi : A Revolution in Blockchain Gaming first appeared on Coinfea.

A survey by Pew Research Centre reveals; that twice as many men as women invest in cryptocurrency: Roughly 19% of women ages 18 to 29 say they have invested in, traded, or used a cryptocurrency, compared with 43% of men in the same age range. According to a 2019 report, there is just 4%-6% involvement of women in the blockchain and crypto space.

Specifically, this is a problem; because the early days of an industry are often when fortunes are made-and, those big winners typically determine which companies to invest in and what they will build in the Future. Hence, it is the time for women to leverage this advantage of the current opportunity to mark their presence in the crypto industry and contribute to its future, as their absence may limit their influence in the long run; and their benefits.

The women crypto community seems to be growing with each passing day. However, the gender gap is depleting rapidly, a recent survey reveals that women outpace men as first time crypto buyer.

Women influencers and developers are shrinking the gender gap by organizing events, forming communities, educating on social media platforms, founding companies, and sharing their experiences and expertise through blogs and podcasts. This blog will narrate the story of five women who are transforming the face of crypto and changing the perspective of “women in crypto.”

Charlene Fadirepo 

An ex-government regulator turned financial and crypto advisor, Charlene Fadirepo is the founder and CEO of Guidefi, a fintech platform started in 2019 which aims at making it easier for women and professionals of colour to find their ideal financial advisors. She says, “It’s so important for women and people of colour to be a part of crypto and blockchain because we’re building the next generation of the financial ecosystem.”

She argues; that there is an apparent lack of diversity among the crypto and blockchain industries due to the lack of female representation. The dilemma created by the “crypto bro” culture, as well as the crypto-related inquiries of her clients, led her to launch a crypto course and build a community on Guidefi. It started as a necessity when Fadirepo experienced difficulty; in finding the right financial advisor for her family.

Guidefi now has hundreds of followers who have benefitted from its services and the community. It helps the lesser represented be a part of the bigger picture and pave their way into this awesome world of decentralization.

Ire Aderinokun

Ire Aderinokun, a Nigerian self–taught front-end developer and user interface designer: co-founded Helicarrier, formerly known as Buy coins. It is one of the biggest crypto platforms responsible for building various crypto products and infrastructure for Africans. Through Helicarrier, one can buy and sell cryptos instantly in their local fiat currency. Nigeria, the second-largest crypto investment country, brings ample opportunities for women to be a part of this revolutionizing technology.

Currently, COO and VP of Engineering of Helicarrier: Aderinokun started a small scholarship program to sponsor Nigerian women to take a Udacity Nanodegree in a technology-related field of their choice. She also happens to be one of the youngest founding members of Feminist Coalition, a group of young Nigerian women to promote equality for women in Nigerian society.

Kiana Danial

“Women or men have equal rights to take control of their finances, and cryptocurrency is one aspect of financial literacy because it’s a method of diversification. If you want to educate people the right way in the cryptocurrency market, then you want to have more women.” says the founder of Invest Diva; and a finance expert Kiana Danial. 

Investing paves the way to financial freedom, but Kiana says that there is not enough women’s participation. That’s why Kiana built a career around teaching women investments and finances. She has been financially empowering women through her courses, books, and social media content. From stocks and index funds to cryptocurrencies, Kiana preaches every kind of possible investment to women to help them attain financial literacy and freedom.

Kiana Danial first heard about Bitcoin in 2011 and began watching cryptocurrency markets in 2016, but she did not begin investing until the end of 2018. Danial believes that women have a tremendous chance to diversify their holdings with cryptocurrencies, but like with any new investment, it’s critical to conduct your research and understand all of the dangers. 

Danial exclaims to be fortunate to be a part of educating women. “The reason why I’m passionate about this and continuously push to educate and write books and get more involved is that I want women to see a role model,” she says.

Cleve Mesidor

For Cleve Mesidor, crypto is more than a means of investment. She believes it offers a pathway to economic empowerment for women and people of colour. It is precisely for this reason that she is working on getting more women and people of colour involved.

A politician turned crypto expert, and Cleve Mesidor happened to be a Barack Obama presidential appointee, charged with promoting White House economic programs and national public-private partnerships to advance innovation and entrepreneurship. She is now the executive director of the Blockchain Foundation and leads the National Policy Network of Women of Color in Blockchain. 

Mesidor says that even though the gender and racial gaps are real, many Black and Latino communities are already driving mainstream adoption. A recent Pew Research poll shows that African-American and Latino communities are engaging in crypto at higher rates than white Americans. While only 13% of white Americans are reportedly investing and trading in crypto, 18% of Black Americans and 21% of Hispanic Americans are doing the same.

“As a person who’s been in the industry for almost six years now, we have not done enough to educate people and move past formal hype,” she sighs. Thus, she aims to educate more women and people of colour to understand this new-age currency and make their participation more distinctive and substantial.

Laura Shin

A former senior editor at Forbes, the host of “Unchained“, a crypto podcast, and the author of “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze.” Laura Shin happens to be the first mainstream journalist to cover crypto full-time.

Through her journalism, Shin has influenced many women to build a career around crypto and to learn more about this technology. “I didn’t realize that I had that effect. Many women over the years have said to me, ‘it means so much to us to see a woman out there,’” says Shin. “I’m really glad that it’s had that effect because a lot of women have said that it emboldened them to go on and do the work that they do in crypto.” 

She believes that the industry is still in its infancy, and it is the perfect time for us to understand the factors leading to such less involvement of women in this industry. Shin says, “We can talk about it from the crypto lens, but I feel like it needs to go way back if we’re going to really fix things. I do think people are trying to tackle it, and a lot of the male leaders recognize that it would be great if we had more women.”

Closing thoughts

These women have already proved that anyone: irrespective of their caste, creed, or gender, can make their way into this booming tech, and they are trying their best to influence and educate women about the opportunities and chances that they can leverage to be one of them!

The post Women in Crypto: Empowering the Blockchain Revolution first appeared on Coinfea.

In this article we try to under what the future of internet holds and how it will be different from its predecessor.

What exactly is Web 2.0? 

The second wave of interoperable Internet services is referred to as Web 2.0. After years of being confined to the role of a material consumer, users now have the chance to create content on their own and share it with other site visitors (user-generated content). As a result, a whole sector of activity was digitized, leading to the commercialization of the internet, or else faced the prospect of extinction. Retail, banking, advertising, media, and entertainment are examples of industries.

It also served as the foundation for developing social networks as virtual communication platforms. It may encompass any engagement, from written blogs to audio podcasts, from RSS feeds to ubiquitous tags that help you access information more effectively, depending on your preferences. Apple, Amazon, Google, and the other members of the FAANG group are prime examples of the Web 2.0 movement.

What exactly is Web 3.0?

Web 3.0 also termed as Web3 is a significant step forward from web 2.0 since both the backend and the infrastructure are undergoing development. The term web 3 was first coined by Gavin Wood, co-founder of Ethereum in year 2014. This version of the internet, also known as the Semantic Web, uses a sophisticated metadata system that organizes and legibly arranges all types of material by computers and people.

The most significant benefit of web 3.0 is that the information will be universal and accessible to anybody, so there will be no more hours spent filtering through the material to locate what you are looking for. You may be wondering how it manages to overcome the shortcomings of web 2.0.

On the other hand, artificial intelligence and blockchain based decentralized networks are the cornerstones of Web 3.0. Artificial intelligence (AI) allows machine-to-machine contact, sophisticated analytics, and other intellectual processes that were previously unattainable on the web. Furthermore, Artificial intelligence is becoming more critical in business.

On the other side, decentralized networks force information to the edges, where it may be found by the entities who possess it. This method gives entities the ability to own their data and selects how it may be shared, giving birth to an ideology known as the Self-Sovereign Identity.

 Web 2.0 Characteristics

• Access to online information is possible through various devices, including mobile devices, tablets, televisions, video game consoles, and even a kettle that is linked to the internet.
• Dynamic content is specifically built to function in CTA(Call-to-action) mode compared to static first-generation web pages. 
• Participants in content production include those who not only share and comment on articles and videos but also create material on their behalf.
• A particular “intermediary” – a controlling platform – is involved in the data transmission process.
• API development to allow for interoperability across various applications. 

Web 3.0 Characteristics. 

Here’s a brief rundown of some of the key characteristics of Web 3.0.

• Content can be readily accessed, shared, and evaluated by both computers and people because of the Semantic Web’s ability to comprehend word meanings.
• The use of artificial intelligence allows for the provision of relevant results fast and the provision of insights at rates that are hard for humans to match.
• Has the capacity to harness the power of 3D graphics and images to enhance the user experience.
• Advanced authorization measures like encryption and distributed ledger technology (DLTs) safeguard user identification and data.
• Ensures the highest possible levels of security and privacy
• Non-Fungible Tokens(NFTs), Metaverse and DAOs are this next evolutionary phase of the internet.

Significant distinctions between Web 2.0 and Web 3.0

Ideas govern the display of content. In other words, the primary purpose of Web 2.0 was to bring people together around data that they were interested in, and the primary goal of Web 3.0 is to integrate this data in meaningful ways while enhancing confidence in information as a result of the well-known decentralization. As a result, the communities that were organically formed with Web 2.0 with Web 3.0 dissolve to customize information and extend possibilities and rights, respectively. And this led to the following distinction.

The Principle of Content Ownership

The rise of Web 2.0 saw the network take on the duty of data storage on its own, resulting in increased access challenges and concerns about the security and confidentiality of online data in general. This difficulty was rectified by Web 3.0, which allows for the flexibility of data interchange, which may now occur at several locations simultaneously. Web 2.0 transfers, on the other hand, are still much quicker than Web 3.0 transfers. 

Internet-connected machines utilize HTTP in unique web addresses to access data kept in one central place, often on a single server, in Web 2.0 environments. However, since information will be discovered based on its substance in Web 3.0, it may be kept in several locations simultaneously and, consequently, be decentralized; this is not in the interests of the Internet giants, who are opposed to this.

An organization’s network can be either fully controlled or fully autonomous, depending on its degree of centralization and decentralization.

Types of applications

Podcasts, blogs, and video sites are examples of Web 2.0 content. In general, any piece of information may be classified as self-produced content and user communication, which can include any data. These will consist of AI and machine learning-powered apps (dApps), such as multi-user virtual worlds, 3D portals, and integrated games, available on the Web 3.0 platform. 

Routes used by users to get information

The Web 2.0 platform is compatible with interactive advertising, while the “successor” platform is compatible with behavioral advertising. Because of a regulating body in the first scenario, there is some degree of moderation, but this is nearly impossible in the second case, i.e., Web 3.0.

Underlying Technologies 

Compared to the previous iteration, the second one had to make significant strides ahead to face new problems, the most important of which was to encourage the exchange of material rather than merely its consumption. AJAX and JavaScript, CSS3, and HTML5 are most often mentioned when discussing Web 2.0 technology. 

Furthermore, artificial intelligence research saw a boom, which could not help but impact Web 3.0, which was intended to function as a dependable “shelter” of information on the one hand and a content quality booster on the other, as well as a content quality booster. Machine learning, deep learning, semantic web, and decentralized protocols are the most critical technologies driving Web 3.0 forward.

Closing thoughts

Despite the fact that Web 3.0 is still in its infancy, major tech companies are leaped in to make the most of this next era of the internet. It indicates the tremendous opportunity and benefits that Web 3.0 have over its predecessor, Web 2.0. The major distinction between these two is the way users interact with the web, share content, and control their privacy. While Web 2.0 is owned by centralized organizations such as Facebook and Google, Web 3.0 is built on a foundation of decentralization and democratization. 

Web 3.0 gives individuals several options that are not accessible via any other media, including the capacity to communicate with one another. It ensures independence and liberty for the individual. While Web 3.0 has many advantages over Web 2.0, it is not devoid of imperfection. Controlling the rampant abuse that could prevail due to the lack of a robust centralized authority would be a significant challenge for this upcoming decentralized web era.

The post Web 2.0 Vs Web 3.0: A Paradigm Shift in World Wide Web first appeared on Coinfea.

The Indian government has not stopped with 30% capital gain tax and 1% of TDS; Indian citizens would not be able to offset their losses under this law. In other words, any loss occurred in trade will not be offset by the gains you have made, even though your loss surpasses the gains. This unreasonable bill has been passed despite a massive uproar by the Indian crypto community and leaders. A petition raised to change.org to bring the Indian government’s attention to the significant impact of this unfair crypto tax has gained a massive 1,02,061 signatures.

With this new ‘crypto tax,’ the Indian government has cleverly stifled Indian users from indulging in crypto while escaping from the stigma of being a conservative government by banning crypto.

In view of this new tax, the Founder of the Indian crypto exchange, WazirX, quotes, “1% TDS is an example of killing the golden goose”.

Although it’s evident it will hamper the growing crypto industry in India, let’s look over the immediate and potential long-term outcome of this bill.

Crypto: A sin for Indian Retail Investors

A large part of the Indian population indulged in crypto is retail investors and traders of young age. According to Economictimes, In 2021, India has become the country with the largest trade volume. An estimated 100.7 million Indians, nearly 7.3% of the total population, own cryptocurrency. The crypto tax will mainly and immediately impact retail investors. Users under this group are mainly swing and daily traders, holders, and middle-class people who want to get an extra return on their investment against a meager 7% return offered by the Indian banks.

Investing money in Bitcoin is not a sin. If we take a look across even the Asian and middle east countries, most governments have a soft spot for crypto. Recently, Israelian bank Leumi enabled cryptocurrency trading through its official digital platforms. While the world is working to promote and utilize this revolutionary technology, the Indian government is trying to portray Bitcoin and Crypto as a Sin. And the Government of India(GOI) has further disclosed its hidden agenda behind this step by explicitly putting the crypto transactions in the category of ‘Betting and Gambling.’

Now, in India, a profitable trade would be considered as ‘Winning a Bet or a lottery.’

The 30% tax and analogy of betting for crypto trading will directly impact the retail investors who are not able to even make a successful 30% gain. Furthermore, the resemblance of Bitcoin with gambling will deter the young population from putting their hands in this growing technology.

1% TDS: A nightmare for crypto-traders

1% TDS on every crypto trade/transaction will cripple the crypto traders. As in just 1 trade, an Indian trader will have to pay a 2% tax irrespective of the loss or profit that occurred in the trade. The forced 1% TDS will hamper and directly attack the capital of daily crypto traders.

Wazirx Founder illustrates how the 1% TDS will prevent traders from trading and result in less tax income for the Indian government, “By locking this $900M, the Gov would cripple traders and prevent them from trading due to lack of capital Effectively, this would drastically reduce the potential to earn profit This in turn would affect the $100M in income tax earnings of the government “

Stifle Blockchain Projects Growth

Blockchain technology is still in its early phase and has yet to release its full potential. And major countries are bringing regulations in favor of crypto to promote the blockchain and attract more crypto companies to establish their business. Ukraine, a country going through war, passed a law to regulate crypto and help accommodate and flourish blockchain technology.

India is going backward in terms of promoting future tech such as blockchain. Referring to the attempt of GOI to stifle blockchain in the country, Member of Parliament Panaki Mishra said, “Today to Ban Crypto is equivalent to banning the internet. It is an idea whose time has come.”

Under this new rule, Indian crypto startups will be forced to move their business to somewhere else where the laws are favorable to the growth of crypto and blockchain. Polygon, formerly known as Matic network, is one such crypto startup. Its native token, MATIC, has a whopping $15 billion Marketcap. The migration of such crypto firms from India will only harm the Indian economy and set a negative example for new blockchain startups.

Instead of offering a breeding ground to the blockchain projects, the new crypto taxation will result in a slow death of crypto in India.

The Aftermath of new Crypto Tax

The total crypto assets held by India are worth $5.3 billion, which is more than the GDP of Montenegro. In addition, India witnessed a whopping $100 billion trading volume in 2021. Now, the ridiculous 30% crypto tax will drive these figures in a downward direction. The trading volume would gradually decrease with small players being forced out of the market. And the Indian centralized crypto exchanges will feel the heat immediately after implementing this new law.

While no official statements are issued by any crypto exchanges over the new crypto tax yet, in foresight, they will have no choice but to co-operate with the government by disclosing the trading data with the Indian government. All the exchanges that are KYC compliant will have to ask the users for a PAN number to capture the taxes. Under these circumstances, there could be a steep decline in trading volume across the centralized exchanges.

Another possibility is a significant surge in the outflow of funds from an Indian exchange to foreign/global exchange, which does not require a mandatory KYC for trading. As noted by Nischal Shetty, “1% TDS and 30% tax can result in cascading participation on Indian exchanges and lead to a rise in capital outflow to foreign exchanges”.

DEX or Decentralized Exchanges will be another gainer from this conservative stance of the Indian finance ministry. Such exchanges do not require users to divulge their private information; they can be a promising platform to trade crypto without extortion by the Government of India.

The post 30% Tax on Crypto will send India to Stone Age first appeared on Coinfea.

Ripple Labs is a private company that is founded after the creation of private blockchain XRP Ledger to create services on the top of this blockchain to solve real-world issues. The company claims XRP ledger as a decentralized blockchain, however, experts have raised many questions over Ripple’s claims to decentralizations. In this blog, we will discuss if XRP ledger is a decentralized blockchain, controversies and if it has the potential to uproot the existing global payment system SWIFT.

How does Ripple Work?

Before diving further it is important to note some key differences of confusion interchanging words. Ripple or Ripple labs is the name of the parent company that developed and uses the XRP blockchain. XRP ledger is the name of an open-source blockchain that is used for many purposes. XRP is the native currency of this blockchain and is used mainly for cross-border payment settlement.

According to head cryptographer at Ripple Labs, David Schwartz, along with Jed McCaleb, Arthur Britto developed the XRP ledger in June 2012 and then decided to establish a private company (formerly Opencoin and now known as Ripple Labs) that could harness this technology to build products and services.

One of the prominent outcomes of this technology was the use of its native token XRP to settle the cross-border payment in a matter of a few seconds. Also, the new service reduces the overall transactions fee by more than 1000%. Ripple is working to use these benefits of the XRP ledger to create a New Global Payments Infrastructure.

Below is how the currently traditional cross-border payment system based on SWIFT works:

The existing banking infrastructure takes more than 4 days to settle a payment sent to another country along with high transaction fees. Moreover, there is no transparency on the exact transfer fee levied on a transaction. As per Ripple, it has committed to radically transform this outdated system of cross-border payment settlement with its revolutionary technology. As per Ripple’s letter to Canda proposing the advantages of adopting its system, below is how Ripple protocol works and solves this big problem.

Notably, Ripple only takes 5-6 seconds to process the payment from one place to anywhere in the globe. Additionally, it brings complete transparency on the fees so that the receiver must aware of the exact amount they will get.

Using RippleNet, a global network that banking and financial institution could use to make real-time, low-cost, and fully trackable payments on a global scale. It usages a standardized ruleset to efficiently send and receive payments around the world.

While Ripple boasts its groundbreaking technology is better than the SWIFT system and can help save billions of dollars spending simply on transaction fees, there are some significant obstacles in achieving its dream.

Is decentralization of Ripple a Myth?

The decentralization of Ripple is one of the prominent questions raised by the crypto community that assume decentralization is the core of any cryptocurrency. Bitcoin can fall on the list of cryptocurrencies that have no central authority but are completely owned by the community.

 It is not the same with Ripple, the company founders decided the maximum number of XRP that could ever go to circulation and claimed 100% ownership. Out of a total 100 billion supply of XRP, 80 billion was allocated to the Company, Ripple Labs and 20% stayed with the founders. Currently, 48 billion XRP is circulating in the market, and the rest, around 60% of the total supply is retained by the company.

In an answer to a question pertaining to the decentralization of Ripple, current CEO Bard Garlinghouse, said “Ripple is not centralized. To be clear, if Ripple disappeared today XRP would continue to function. To me, that’s the most important measure of whether something is decentralized”

Garlinghouse’s argument seems to be correct in the context of keeping up the XRP ecosystem despite any direct influence of Ripple. However, XRP does not align with the core philosophies that describe the system as decentralized or not controlled with any single entity.

The major issue towards achieving the status of decentralization is Ripple’s stack of XRP. This massive stack of XRP can easily be used to change the dynamics of the XRP ledger as per the wish. Despite, the fact that the release of XRP is regulated by ambiguous and self-established rules of escrow.

Additionally, the absence of miners makes its decentralization claim more dubious. Transactions in the XRP ledger are currently validated by a hand-picked group of “trusted” nodes. This ground of validators is entirely under the control of Ripple. Interestingly, Ripple claims, these node validators do not get paid in transaction fees or XRP tokens, instead, these validators participate in keeping up the blockchain for a variety of reasons including some who simply believe in this project. Now that does not sound like a convincing answer.

In addition, Ripple claims to have only 7% control over the total nodes, while top cryptocurrencies are controlled majorly by private mining firms.

XRP blockchain has substantial advantages over proof of work blockchains, in terms of saving energy wasted on solving complex math problems. It also claims to be the first global blockchain to be carbon neutral as it does not either require validators to solve mathematic questions or stake tokens to participate. However, these features of Ripple come at the cost of decentralization.

Ripple Vs. SEC Lawsuit, who is leading?

Ripple has made some real impact to disrupt the current financial system by tieing up with major banks across the globe. As per an AWS case study, currently, RippleNet has nearly 100 members around the world who use Ripple services for latency-free payment settlement. Some of the prominent names that collaborated with Ripple are Santander Bank(USA), BeeTech(Brazil), SBI Remit (Japan).

While the list goes on, the adoption of RippleNet has came to halt after U.S Securities and Exchange Commission has filed a lawsuit against Ripple Labs Inc. over alleged fundraising of over $1.3 billion through “an unregistered, ongoing digital asset securities offering”.

As per the official lawsuit, Director Stephanie Avakian, Director of the SEC’s Enforcement Division explains the background of this case.

“We allege that Ripple, Larsen, and Garlinghouse failed to register their ongoing offer and sale of billions of XRP to retail investors, which deprived potential purchasers of adequate disclosures about XRP and Ripple’s business and other important long-standing protections that are fundamental to our robust public market system”

There were such cases filed before, however, all those settled with payment and reached a mutual agreement. In this landmark case, Ripple has countered the claims of the SEC and alleged it for biased assessment in declaring XRP as security.

The case is still pending, and both sides are claiming to have evidence to prove their point and win this lawsuit.

So far, ripple has a substantial stand and it’s continued to put arguments to prove its point that XRP is not a security, and if it is SEC should put forward the clear and explicit terms that dictate any digital assets as security.

SEC has not yet brought any tangible evidence that quashes Ripple’s claims. Lately, Ripple gained a big move over this litigation with the ruling court denying SEC’s demands to strike Ripple’s defense over not serving a fair notice that what they were doing was not in compliance with the existing securities law.

While Ripple is leading this case so far, the outcome is still pending. If Ripple wins this case, it would be a landmark victory for the whole crypto industry as it will force the authorities to maps out clear and explicit laws to regulate digital currencies. It will further handover the regulatory to CFTC which is not as strict as SEC. Hence, it will help fourish the crypto market with lighter regulations.

Moneygram ended its tie with Ripple right after the SEC filed this lawsuit. Ripple’s win will play a crucial role in expanding the adoption of RippleNet and giving assurance to financial authority overuse of this payment company’s network.

Will Ripple Ever Replace SWIFT?

Ripple indeed has many notable advantages over the legacy system. But the question is, will it ever replace SWIFT which is being used by over 11,000 banks and financial institutions across 200 countries?

There is no straightforward answer, but there is no denying the impact of Ripple in disrupting the existing system. Ripple has already worked with almost 100 banks. These banks are using Ripple’s exclusive software and technology to save dollars, time, and resources. And many institutions are interested in trying Ripple’s cutting-edge technology. But considering replacing SWIFT, a massive network of 11,000 banks is still a far fetch dream for Ripple.

The questions are obvious, is the Ripple network is ready and mature enough to handle transaction velocity and support inter-bank transactions of over 11,000 banks? Do banks have enough confidence in Ripple to ditch the years-old trusted SWIFT?

In addition, SWIFT is also working with blockchain firms to experiment and explore the possibilities of utilizing blockchain technology to upgrade its network.

Taking over a massive SWIFT network does not seem to be possible for Ripple anytime soon. Having said that, if not now and not by Ripple(until it matures to the required scale), someday SWIFT will be eventually disrupted by blockchain technology.

Final Words

XRP, The 6th largest cryptocurrency by market cap indeed has an edge over other projects in this landscape. Its efficient and secure network has already proved its role in solving real issues. Among other payment-oriented cryptocurrencies, none has a sophisticated technology equivalent to Ripple in solving major issues being faced in cross-border payment settlements. 

Despite the criticism over Ripple’s centralization or being operated by a “For Profit” company, its open-source blockchain is available for everyone to build a product or service. Ripple is undoubtedly more than just a cryptocurrency, and it has grown consistently over the years, but its future is extensively relying on the favorable outcome of the SEC lawsuit.

The post Ripple: A True Revolution in Global Payment system or Just another cryptocurrency Project? first appeared on Coinfea.

A Brief History of Stablecoins

Cryptocurrency is one of the most revolutionary use cases of blockchain technology. Since bitcoin has risen to prominence, crypto adoption has grown multifold around the globe. Although the crypto supporters claim Bitcoin to be future money that can replace or overtake the existing financial system, the cryptocurrency suffers great volatility, making it unsuitable for storing value.

Stablecoins were born to solve the inherent price fluctuation issues of cryptocurrencies. In contrast to the high fluctuation of Bitcoin, stablecoins were developed to retain a certain value despite ongoing changes in the crypto market and oscillation in demand and supply. Furthermore, these coins were invented to curb the significant issue accompanied by fiat inflation.

As per the whitepaper of 1st and top stablecoins USDT, stablecoins can help eliminate the requirement of a third party, i.e., banks, in case of fiat while ensuring all features a fiat currency can offer mainly its stability.

“Each Tether issued into circulation will be backed in a one­to­one ratio with the equivalent amount of corresponding fiat currency held in reserves by Hong Kong-based Tether Limited. As the custodian of the backing asset, we act as a trusted third party responsible for that asset. This risk is mitigated by a simple implementation that collectively reduces the complexity of conducting both fiat and crypto audits while increasing the security, provability, and transparency of these audits. “

Advent of Stablecoins as a Store of Value

Until the arrival of stablecoins, crypto traders had no option except to trade in two cryptocurrencies as a direct trade in fiat currency was scarce. It created a dependency on fiat currency, and users could not use a cryptocurrency as a store of value due to high uncertainty in their price change. Stablecoins have solved this complex problem by bringing a cryptocurrency that mirrors the fiat. Now crypto users can convert their cryptocurrencies to stablecoins and make their investment immune to the fluctuation of the market without taking shelter of fiat.

Soaring Popularity of Stablecoins

Stablecoins were not initially attracted by users as they did not have anything beneficial to add to the crypto space. However, with growing complexities involved with fiat in crypto, stablecoins are becoming a safe haven for crypto users.

The total market cap of stablecoins increased multifold over the course of the year 2021. As per Coinmarketcap data, the total market cap of the top 10 stablecoins was around $30 billion in January 2021. These numbers were raised more than 100% over the course of 1 year and reached an estimated 131 billion US dollars by January 2022. The question is obvious what drove this massive surge in demand for stablecoins? The most appropriate answer is stablecoins distinct feature of retaining value amid wildly fluctuating market and increased crypto adoption throughout the world. Yet, this question is one of the hotly debated topics.

Is Decentralization of Stablecoins a Myth?

Decentralization is another vital facet of stablecoins brought it in scrutiny by the government bodies. New York attorney general and Tether(USDT) case is one popular legal case revolving around the inside working of a stablecoin. According to CNBC New York attorney general office was investigated an alleged cover-up of $850 million of losses by Tether. However, the case was settled without reaching a conclusion by paying an $18.5 million fine to the New York attorney general’s office.

The company Tether was accused of not holding any reserves to back its claimed dollar-tied stablecoin USDT. That sparked a question: Is Tether minting USDT out of thin air, just like another cryptocurrency with no real-world value except its perceived value?

Despite all the claims of maintaining transparency and ongoing third-party audit over the reserve of USD equal to USDT in circulation, this case raises a red flag over the true decentralization and future of Stablecoins.

Future of Stablecoins and How it can disrupt conventional banking?

A massive inclination towards stablecoins has been witnessed recently, specifically in USDT, after the Russia Ukraine military conflict has driven its volume to more than 3X of top cryptocurrency Bitcoin. Also, it has driven it to be one of the trending topics around the globe. Most of the users are perceiving Stablecoins as seemingly a promising investment to avoid the declining value of fiat.

Another important aspect of stablecoins is their lucrative return on staking. While the ROI on staking stablecoins reach up to 7%, they solve a major issue of permanent value in staking other cryptocurrencies whose price are subject to market volatility.

Along with an incredible medium of investment, stablecoins have the potential to create a payment ecosystem that is entirely decentralized, trustless, and immune to the fluctuation of price. In other words, a financial system that mirrors the real world simultaneously maintains an entirely transparent and decentralized approach. 

Despite its incredible advantages over a fiat currency, the future of Stablecoins are still uncertain. the lack of a proper regulatory framework is a formidable obstacle in the penetration of Stablecoins in real-world finance systems. Global backlash on Facebook’s own coin Libra demonstrates the fear of centralized entities and the potential of Stablecoins to shake the foundation of the government-owned banking system. 

The post The Future of Stablecoins and why it’s next big thing in Cryptocurrency Space? first appeared on Coinfea.

What is Crypto Investment?

How can you invest in cryptocurrency without having a clue what it is? How do you know if the time is right for you to jump into the crypto world? Is it possible to get rich from investing in cryptocurrency? These are all questions that I get asked on a regular basis. This article will address these questions and more, providing you with the information you need to make an informed decision on whether or not to invest in cryptocurrency.

What Is a Cryptocurrency?

A cryptocurrency is digital currency, which means it’s stored and transferred on computers. It is not printed money like cash or paper money. The value of a cryptocurrency is based on how much demand there is for the coin in the market place. A cryptocurrency is a type of digital currency that uses encryption techniques to regulate the creation of new units of currency and to verify the transfer of funds.

How Does Crypto Trading Work?

Crypto trading is a little bit like the stock market, but with a few more variables. The crypto market has seen a lot of changes in recent years. It was once seen as a niche that only a few people were interested in, but it has grown and now many people are getting involved. There are lots of different cryptocurrencies, so you need to choose the one that best suits your needs.

The cryptocurrency market is growing at an incredible rate. We saw a huge increase in the number of coins and tokens available on the market during 2017, and this year we have seen even more coins enter the market. If you are new to the cryptocurrency market, or if you are looking for a new coin to invest in then this article will help you find a coin that you can use to make money.

Why Are People Investing In Crypto?

People are investing in cryptocurrencies for many reasons, and sometimes it can be hard to tell whether a person is just looking for investment opportunities or if they’re really interested in the technology. For that reason, we wanted to talk about some of the most common reasons why people are investing in crypto. There are many different reasons why people invest in cryptocurrencies. Some people are interested in getting involved with the technology itself.

Others have a passion for investing and trading. The majority of people, however, simply want to make money. If you are among the people who want to get started in the cryptocurrency world, then you will probably be interested in learning about what you need to know to begin investing in cryptocurrencies.

It is hard to deny the fact that cryptocurrencies are taking over the world and it has become the talk of the town. The prices have been on the rise for a while now and there is no stopping them. However, it is not just the price that makes a currency successful but the idea behind it. Cryptocurrencies are fast becoming the future of money as they can be used for anything from online shopping to paying bills.

What Are The Pros And Cons Of Investing In Crypto?

Cryptocurrencies have been growing in popularity for the past few years. This is because many people are looking to invest in this new form of money. However, many people don’t know how to invest in cryptocurrency. There are several different ways that you can invest in crypto. You can invest in crypto through an exchange, a wallet, or even buying it with fiat currency.

The cryptocurrency market has been growing rapidly over the last few years. From 2017 onwards, it’s been on a steady growth path and is still on its way to a new all-time high. There are several reasons for this growth. One of these reasons is the fact that investors can now make an investment in the crypto market without having to go through the lengthy process of purchasing shares or owning a company.

So, what can you expect from an investment in cryptocurrency?

Let’s take a look in detail at the risk and rewards of investing in cryptocurrencies.

Pros of crypto investments

The crypto market is a very volatile and fast-changing environment. It’s an extremely exciting and dynamic investment arena, with many new and innovative projects emerging each day. But the industry has been plagued by poor investor education, scams, fraud, and overall hype.

The digital currency is a new, decentralized payment network. A lot of people have been buying and selling it in the last few years. In fact, there are more than 1,000 digital currencies. Many of them, like Bitcoin and Litecoin, are still very much alive today.

• Fully Secure- Digital currencies are minted on a blockchain which means it can’t be stolen or destroyed by any means. Furthermore, it does not required any physical means to carry.
• High Return – Digital coins are still new for many people. And hence it has potential to grow multifold once more population starts pouring money into this market. Furthermore, the new projects have already shown enormous growth lately.
• Safe Investment – Apart from the trading, there are many other options which gives relatively safe option for investor. Crypto staking is one such leading investment option gives assured and high return in compare to the traditional markets.

Cons of crypto investments

There are many cons to investing in cryptocurrencies, but here are just a few:

• Volatility: Cryptocurrencies are notoriously volatile, meaning their prices can change rapidly. This can be risky, especially if you’re not prepared for a sudden dip in prices.
• Crypto assets are not backed by anything and they can be lost at any time.
• There is no way to cash out your crypto holdings for a fixed amount at any given moment in time.
• The volatility of crypto assets makes them very risky investments.
• Prone to government restriction and regulation, as its not yet legalized in most of the countries.

How Can You Protect Yourself From Crypto Scams?

There is no one-size-fits-all answer to this question, as the best way to protect yourself from crypto scams will vary depending on your individual circumstances. However, some tips that may be useful include: 1. Be aware of the warning signs of a scam. Some common warning signs of a crypto scam include: high-pressure sales tactics, unexpected investments, unexpected rewards, and unexpected threats of legal action.

• When considering a new investment opportunity, it’s always a good idea to do your own research before investing. This will allow you to see if there are any red flags that should make you wary of the project.
• Asking questions is the best way to learn about an investment opportunity. Before you invest in a project, find out what its advisors and team members have to say about it.
• Always read the fine print. The terms of an investment opportunity are important. Make sure you understand them before you sign up for anything.
• Don’t invest too much money.

Cryptocurrencies are becoming more and more popular. People are investing in this new technology. But that doesn’t mean that everyone who gets involved with cryptocurrencies is a professional investor. Some people are just investing their money to get some profit. They don’t have a clue about the blockchain technology. So, they are getting scammed. People are getting scammed because of the low price of cryptocurrencies.

Cryptocurrency is a fast-growing market, and scams are becoming more common. How can you protect yourself from crypto scams? The cryptocurrency market is growing by leaps and bounds, with Bitcoin currently valued around $37,000 . It is important note that BTC has already touched price of $69,000 in November 2021.

In a Nutshell

Crypto has come a long way in the last few years, but it is still a very new field. As the crypto market continues to grow, so does the number of scams. Hence, it is advisable to do a thourough research before putting money in any crypto project.

Investment in top 10 coins are relatively safe considering their huge market cap and invested funds. Yet, any new investment should go through analyzing the risk and reward factors to avoid the capital loss. Additionally, if you are not very familiar with the trading, opt for any safer medium of crypto investment such as crypto staking to get started.

Disclaimer: Information shared in this article are solely written for informational purpose. It should not be taken as a financial advise. Coinfea is not responsible for any financial loss occurred due to investment in cryptocurrencies. Cryptocurrency is highly volatile, always do you own research before making any financial investment.

The post The Best Crypto Investing Guide For Beginners first appeared on Coinfea.