Day: May 9, 2022

Demand for Plutus Cardโ€™s 8% Crypto Cashback Release Explodes After Crypto.com Saga

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If there is any way to bring in customers that is almost foolproof, it is through bonuses, rewards, and perks. Different industries have done this for years and now, it seems that Crypto is doing the same. As more people are enthusiastically embracing cryptocurrency, many more firms in the FinTech space are offering rewards, and experiencing positive consumer results. One of the latest examples of this is Plutus, a Crypto finance app that, on March 31, 2022, launched a new rewards programme that offers up to 8% cashback for shopping…

BTC Slips to 10-Month Low, Below $33,000 โ€“ Market Updates Bitcoin News

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BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fedโ€™s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market. Following five consecutive days of declines, BTC/USD dropped to an intraday low of $32,813.31 on Monday. Todayโ€™s…

Bitcoin Investment Trick to Earn Huge Profit with Cryptocurrencies

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Download CoinSwitch Kuber with this link and get free Bitcoin worth โ‚น50 – Cryptocurrency is one of the fastest-growing digital assets. Backed by the blockchain and enabled for trading, it effectively offers multiple means for anyone looking to make a good income online. There are multiple ways in which you can make money with cryptocurrencies , and today in this video I’ll explain all the details regarding Cryptocurrencies and it’s investment ideas. There are many types of cryptocurrencies i.e. – Bitcoins ,…

Question of centralization faces growing crypto insurance industry

Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem. Investopedia reports that cryptocurrency insurance is seen as a โ€œbig opportunity,โ€ with a spokesman from one of the worldโ€™s largest insurers, Allianz, saying that the company has explored product and coverage options in the cryptocurrency space as it becomes โ€œmore relevant, important and prevalent on the real economy.โ€ The cryptocurrency ecosystem is still seen as dangerous and volatile, where funds arenโ€™t completely…

Ledger exec explains how it works

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As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets. By definition, staking allows investors to earn crypto without selling their holdings but rather by delegating crypto to a staking validator to support a blockchain. Originating from the word โ€œstake,โ€ the staking process refers to gaining profits and an associated passive income from crypto through a consensus mechanism known as proof-of-stake (PoS), as opposed to theย mining-based proof-of-work (PoW) mechanism of Bitcoin (BTC). Amid the growing…

What is terraUSD (UST) and how does it affect bitcoin?

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Pedestrians walk past a display of cryptocurrency Bitcoin on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images A multibillion-dollar bet that bitcoin can act as a “reserve currency” for the crypto economy is already being tested as UST, a controversial stablecoin, struggles to maintain its $1 peg. UST dropped close to 99 cents over the weekend, fueling fears of a potential “bank run” that could force Terra, the project behind it, to dip into a $3.5 billion pile of bitcoin to support the token. Now, the…

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Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied โ€“ Emerging Markets Bitcoin News

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The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% tax targeting expenses in foreign currency and crypto is having some effects in this regard. Venezuela Seeks to Strengthen Its Fiat Currency After having defacto dollarization, which the president of the country called…