Cryptocurrency & Bitcoin News

Bitcoin is a cryptocurrency that can be spent, saved or invested and can be stolen. Trading with Bitcoin was considered risky, but the current trend shows that it has become a major blow to the binary options sector. This decentralized currency is not regulated by any government or any central authority.

What determines the price of Bitcoin?

Bitcoin is priced according to the ratio of demand to supply. When the demand increases the price goes up, when the demand decreases the price goes down. Bitcoin is limited in circulation, and new ones are created at a very slow pace. Since it does not have sufficient cash reserves to move its market value, its price can be extremely volatile.

Bitcoin Business Popular Reasons –

• Low Inflation Risk – Inflation is the biggest problem for traders, as all the currencies lose some of their purchasing power if the RBI continues to print more currencies. Since the bitcoin minting system is limited to only 21 million bitcoins, it is rarely affected by inflation.
• Low landslide risk – Currency fluctuations depend on government trade policy, which often leads to high inflation and even currency depreciation. Bitcoin is a virtual universal currency that is not regulated by any government.
• Easy, safe and cheap – Bitcoin payments are peer-to-peer without any intermediaries, which is why it is easy and cheap.
• Easy to carry – Millions of dollars worth of bitcoins can be carried in your pocket, on a memory stick. It cannot be done with gold or cash.
• Undiscovered – Issuing bitcoin is not regulated by any government, so the risk of confiscation is zero.

Binary Options Bitcoin Trading Platform

Binary options brokers are getting acquainted with the popularity of these bitcoins and its ever-increasing values. So they are using this opportunity to offer merchants with the latest volatile crypto-currency as an additional payment method. Bitcoin brokers offer cryptocurrency as a trading option-

• One Touch Option – Bitcoin can be traded with any option or one-touch option. The current popular currency pair, for example, is BTC / USD.

• SetOption – The latest option available for asset trading is BITCOIN / USD.

Bitcoin brokers offer a simple trading online platform. All you have to do is visit their website, enter your details and create an account. You can start with a demo account to understand the market action.

Trading screens are easy.

• Choose price direction (up / down)

• Select the deadline

Is Bitcoin Trading Safe?

The Bitcoin network is probably the largest spread computing project in the world. The most common weakness here is the user error. Bitcoin wallet files, like any other digital form file, can be lost, stolen or accidentally deleted.

However, users can use secure security strategies to protect their cash. Alternatively, you can choose a service provider that offers a high level of security, as well as insurance against loss or theft.

Over the last few years, people have been talking a lot about cryptocurrency. At first, this business may seem scary, but people start building confidence in it. You may have heard of ether and bitcoin. They both use cryptocurrency and blockchain technology for maximum security possible. Nowadays, these coins are available in different types. Let’s learn more about it.

How can cryptocurrency help you?

As far as fraud is concerned, this type of currency cannot be forged because it is in digital form and cannot be reversed or forged against credit cards.

Immediate settlement

Third parties are involved in buying real property, such as lawyers and notaries. Thus, delays can occur and additional costs can be incurred. Bitcoin agreements, on the other hand, are designed and enforced to include or exclude third parties. Transactions are quick and can be disposed of instantly.

Low fee

Generally, there is no transaction fee if you want to exchange Bitcoin or any other currency. To verify a transaction, there are minors who pay through the network. Although the transaction fee is zero, most buyers or sellers hire third party services like Coinbase to create and maintain their wallets. If you don’t know, these services work just like PayPal, which offers a web-based exchange system.

Identity of theft

Your merchant gets your entire credit line when you provide them with a credit card. This is true even if the transaction amount is very small. In fact, what happens is that credit cards operate on a “pull” system where the online store draws the required amount from the card-related account. Digital currency, on the other hand, has a “push” method where the account holder sends the required amount without any additional information. So there is no chance of theft.

Everyone’s access

According to statistics, about 2.2 billion people use the Internet but not all of them have access to conventional exchange. Thus, they can use new forms of payment methods.

Decentralization

As far as decentralization is concerned, an international computer network called Blockchain Technology manages the Bitcoin database. In other words, the Bitcoin network is under administration, and there is no central authority. In other words, the network operates on a peer-to-peer basis.

Recognition

Since cryptocurrency is not based on exchange rate, transaction charge or interest rate, you can use it internationally without any hassle. So, you can save a lot of time and money. In other words, Bitcoin and other such currencies are recognized all over the world. You can count on them.

So, if you are looking for a way to invest your extra money, you may want to consider investing in Bitcoin. You can be either a miner or an investor. However, make sure you do what you are doing. Security is not an issue but it is important to remember other things. We hope you find this article helpful.

ICO is short for offering initial currency. When launching a new cryptocurrency or crypto-token, developers offer investors a limited number of units in exchange for other major cryptocurrencies, such as Bitcoin or Etherium.

ICOs are amazing tools for accelerating development funding to support new cryptocurrencies. Tokens issued during ICOs can be sold and traded on cryptocurrency exchanges, assuming there is sufficient demand for them.

The Ethereum ICO is one of the most significant successes and the popularity of the initial currency offerings is growing as we speak.

A brief history of the ICO

Ripple is probably the first cryptocurrency to be distributed through an ICO. In early 2013, Ripple Labs began creating Ripple payment systems and created nearly 100 billion XRP tokens. These were sold through an ICO to finance the development of Ripple’s platform.

MasterCoin is another cryptocurrency that sold millions of tokens for Bitcoin during an ICO, even in 2013. Mastercoin’s goal is to tokenize bitcoin transactions and execute smart deals by creating a new layer on top of existing bitcoin codes.

Of course, there are other cryptocurrencies that have been successfully financed through ICOs. In 2016, Lisk raised about $ 5 million when offering their initial currency.

However, Ethereum’s ICO which took place in 2014 is probably the most prominent so far. During their ICO, the Ethereum Foundation raised about $ 20 million by selling ETH for every 0.0005 bitcoin. Ethereum uses the power of smart compacts, paving the way for the next generation of early currency offers.

Ethereum’s ICO, a recipe for success

Ethereum’s smart contract system has implemented the ERC20 protocol standard, which sets the basic rules for creating other compliant tokens that can be transacted in Ethereum’s blockchain. This allows others to create their own tokens, complying with the ERC20 standard that can be traded directly to Ethereum’s network for ETH.

DAO is a significant example of Ethereum’s successful use of smart contracts. The investment company raised T 100 million worth of ETH and investors received DAO tokens in exchange that allowed them to participate in the management of their platform. Sadly, DAO failed after being hacked.

Ethereum’s ICO and their ERC20 protocol outline the latest generation of crowdfunding blockchain-based projects through initial coin offering.

This makes it much easier to invest in other ERC20 tokens. You simply transfer the ETH, paste the agreement into your wallet and the new tokens will appear in your account so you can use them if you wish.

Obviously, not all cryptocurrencies have ERC20 tokens on Ethereum’s network, but virtually any new blockchain-based project could launch an initial currency offer.

Legal status of ICO

When it comes to the legitimacy of ICOs, it’s a bit like a jungle. Theoretically, tokens are sold as digital products, not financial assets. Most jurisdictions have not yet regulated the ICO so assuming the founders have an experienced lawyer in their team, the whole process should be paperless.

Nevertheless, some jurisdictions have become aware of ICOs and are already working on their control of the sale of shares and securities as well.

In December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC was preparing to stop ICOs which they considered to be misleading to investors.

There are cases where the token is only a utility token. This means that the owner can only use it to access a specific network or protocol in cases where they may not be defined as financial security. Nevertheless, an equity token whose purpose is to appreciate value is quite close to the concept of security. Truth be told, most token purchases are made specifically for investment purposes.

Despite the efforts of regulators, ICOs are still stuck in a gray legal area and entrepreneurs will try to benefit from initial currency offers until a clear regulation is enacted.

It is also worth noting that once the regulations are finalized, the costs and effort required to comply may make ICOs less attractive than conventional funding options.

Last word

For now, ICOs have remained an amazing way to finance new crypto-related projects, and many more have been successful.

However, keep in mind that everyone is launching ICOs nowadays and many of these projects lack scams or solid foundations that need to be improved and made investable. For this reason, you should thoroughly research and investigate the team and background of the crypto project you want to invest in. There are multiple websites that list ICOs, just search on Google and you will find some options. .

Bitcoin has been buzzing in the financial space. Indeed, Bitcoin has exploded on the scene in the last few years and many people and many large companies are now jumping on Bitcoin or the cryptocurrency bandwagon that wants to do something.

People are constantly asking this new question in the cryptocurrency space; “What is Bitcoin?”

Well, to begin with, Bitcoin is actually a digital currency that falls outside the control of any federal government, it is used worldwide and can be used to buy your food, your drinks, real estate, cars and other things.

Why is Bitcoin so important?

Bitcoin is not sensitive to things like government control and foreign exchange fluctuations. Bitcoin is backed by the complete trust of the person (you) and it is strictly peer-to-peer.

This means that anyone who completes a transaction with Bitcoin, the first thing they realize is that it is much cheaper to use than trying to send money from bank to bank or using any other service there that requires sending and receiving money internationally.

For example, if I want to send money to China or Japan, I have to take a fee from a bank and it will take hours or even days to get there.

If I use Bitcoin, I can easily do it instantly from my wallet or my cell phone or computer without any fee. If I wanted to send gold and silver for example, it would take a lot of time and money to move the bullion from point to point. Bitcoin can do this again at the touch of a finger.

Why do people want to use Bitcoin?

The main reason is that Bitcoin is the answer to these unstable governments and in situations where money is no longer as valuable as before. We have that money now; The paper Fiat coin in our wallet is worthless and will be even cheaper one year from now.

We have even seen large companies show interest in blockchain technology. A few weeks ago, a survey went to a handful of Amazon customers to see if they would be interested in using cryptocurrency if they created Amazon. The results showed that many were interested. Starbucks has even hinted at using a blockchain mobile app. Walmart has even applied for a patent for a “smart package” that would use blockchain technology to track and authenticate packages.

Throughout our lives we have seen the way we shop, the way we watch movies, the way we listen to music, the way we read books, the way we buy cars, the way we find homes, the way we now spend money and do banking. Cryptocurrency to stay here. If you haven’t already, then it’s time for someone to fully study cryptocurrency and learn how to make the most of this trend that will continue throughout time.

Somalia is a country located in the Federal Republic of Somalia, East Africa. Nowadays, money transfers to and from Somalia have become extremely easy and unnecessary. In addition, with the advancement of technology and the growth of suitable and reliable platforms, all types of international fundraising are possible by everyone.

In this article, let’s cover some questions related to online money transfer in Somalia.

Mode of funds transfer

Reports have revealed that online money transfers in Somalia exist mainly between her and the United States, the United Kingdom and India. Then, the question is – “How can a person send and receive money from Somalia when he is abroad?” The answer is simple.

Money transfers are possible through cash, direct bank wiring or debit and credit cards and e-wallets. Also, the option of World Remit is available. Senders can deposit money in the recipient’s local bank account, prepaid card or e-wallet.

Alternatively, the latter could raise funds transferred from a designated money transfer agent.

Transfer fees vary according to the transfer mode, the conventional exchange rate, the urgency of the transfer and the amount. Thus, remittance charges from the UK and India to Somalia will be different.

Since all of these methods are available for their respective reasons, one must consider which mode is suitable for both the creditor and the beneficiary before choosing one.

The amount of sending

The amount and frequency of transfers has always been a question in the world of online transfers. Considering the extra charges involved when transferring international money, it seems strange to send a trivial and insignificant amount. This is primarily because the fee will exceed the amount required for the transfer.

So, individuals must choose for a sufficient amount of money. They can transfer on a quarterly or annual basis instead of monthly intervals.

Exchange rate

The first factor to keep in mind is the exchange rate between countries An exchange rate refers to the price difference between the currencies of different countries. Since the value of the same numerical amount of money is different, it affects the amount sent from one country to another.

The Somali shilling exchange rate, the Somali shilling, is comparatively lower than the USD, INR, and USA, India, and UK pound sterling, respectively. The cause is among the following:

1. Inflation: Somalia has a higher inflation rate than the other three counties. Thus, the value of its currency decreases.
2. Interest rate: This parameter varies from country to country depending on its demand and supply, monetary policy and government debt. With Somalia’s low interest rates, its currency has depreciated.
3. Economic performance: The recession and devaluation of the country’s profitable performance will inevitably be detrimental to the value of its currency. The same is true of Somalia.

How To Make Money Online In Somalia
?

Since Somalia is in such a predicament when it comes to online money transfers, there should be appropriate measures in place to allow its citizens to earn the required transferable amount. However, with the onset of the epidemic, only online sources of income remain open. Some of them include the following:

• Blog
• YouTube channel
• Affiliate Marketing
• Freelancing
• Buying and selling domains

Binary options are becoming more and more popular in the last 2 years. This type of trading is desirable among new traders because they do not actually need to buy anything, just predict that the asset will go up or down within a certain period of time. These trades occur in short time frames (30 seconds, 1 minute, 5 minutes) but can be months. If traders make wrong predictions, they will surely lose their money. If the trader is right in his prediction, they will get 80-85% payout depending on the broker.

Binary options are sometimes referred to as ‘all-or-nothing options’, ‘digital options’, or ‘fixed return options’ (FROs), which are traded on the American Stock Exchange.

Bitcoin (BTC) A digital currency that is created and kept electronically and no one controls it. “Bitcoin is an online payment system invented by Satoshi Nakamoto, who invented it in 2008 and released it in 2009 as open-source software. The system is peer-to-peer; users can transact directly without the need for intermediaries. Transactions are networks. Is verified by nodes and recorded on a public distributed ledger called Blockchain. The laser uses its own unit of account, also called Bitcoin. Currency. Bitcoin is often called the first cryptocurrency … “

Bitcoin as a currency in binary options trading

Bitcoin is now a widely used currency and many trading platforms accept it as a method of payment for their clients’ trading deposits. There are many benefits to using Bitcoin as a currency. The first advantage is that “the transaction cost is the lowest of all types of online payments. This is why Bitcoin was created to reduce the cost of online transactions. Since there is no central authority. ” Another reason why traders use Bitcoin as a currency is that Bitcoin itself is tradable and they can thus earn extra Bitcoin.

“By identifying all trading transactions in Bitcoin, a trader is able to protect himself from the fluctuations of this cryptocurrency and at the same time earn more from it through the profits earned in trading.”

Bitcoin as a product in binary options trading

With the recent popularity of Bitcoin and its acceptance as a currency, many binary options platforms have started using Bitcoin as one of the currency of trade. So as an asset. Stockbrokers are looking at the value of BTC transactions against flat currencies, mainly against the US dollar.

Today there are 2 main types of Bitcoin Binary Options Platform:

• First Generation Broker – Binary Options Platform that allows you to trade Bitcoin

• Second Generation Broker – Platform that offers both Bitcoin Funding and Bitcoin Trading

First generation brokers – Brokers who offer Bitcoin trading:

• Coinut – the only Bitcoin alternative exchange platform; Programmed as a powerful and distributed Linux operating system at coinut.com

• BTClevels – Bitcoin Binary Options Trading Platform; With or without registration, hassle free btclevels.com

• 24 Options – One of the first brokers to start offering BTC as an asset to 24option.com

Second generation brokers – Brokers who offer bitcoin funding and trading:

• Traderush Binary Platform – accepts BTC deposit traderush.com

• Nadex Trading Platform – accepts BTC funds and approves BTC trading; Nadex.com offers limited risk, short-term trading, transparency and a fully regulated market

• Satoshi Option Trading Platform – accepts BTC funding and allows BTC trading; No account registration or personal details required. Payouts are instantly close and the service is accessible from anywhere in the world at satoshioption.com

• BTCOracle Platform – Bitcoin Platform Only – BTC Funds and Trading Offers Some Wallet Options and Full Transparency btcoracle.com

• Bitstamp Platform – Like above, BTC only platform – BTC allows trading and financing but must login to bitstamp.net

• Bitcoin Wisdom – Allows to trade 3 digital currencies, Bitcoin, Lightcoin, Altcoin vs other flat currencies and login to bitcoinwisdom.com

• Beast Option – allows BTC funds and Bitcoin and Lightcoin trading; Beastoptions.com guarantees fairness in pricing regardless of market fluctuations

When choosing a bitcoin broker, it is important to check their terms and conditions to see if their bitcoin assets are stored in “deep cold storage”. This means that bitcoins are insured and stored offline, where they are not vulnerable to hackers.

If you are a technology reader, you know that new types of currencies have been created. You read about Bitcoin for example. If you do not go into detail, you can ask yourself about the benefits of this digital currency. If you have no idea about this then you should read this article.

Advantages of digital currency

Cheap transactions

The fees for transactions with digital currency are much lower than for transactions with PayPal or credit cards. Most of the time, you don’t have to pay any transaction fees. So, it saves you a lot of money.

There is no fee for international transfers

Since digital money net is used, no boundaries are involved. Generally, if you want to send money abroad, you have to pay a fee, which eliminates the cost of currency conversion. On the other hand, there is no cost to send digital currency anywhere in the world. As long as you wait a while for the coin to be sent you will not be able to pay anything.

No account fees

Today, most banks charge a fee to their clients on a monthly basis. Many times some banks take hidden fees from time to time. In fact, anyone can sign up for a free digital wallet online without any fees or hidden charges.

Easy account creation

You know that opening a bank account is a laborious process because you have to provide many personal details, such as address and proof of identity. In addition to this, they also do background checks.

On the other hand, you can create a currency account without providing personal details unless you want to benefit from a service that asks for personal details. And the beauty of the system is that it offers 100% acceptance rate. All you have to do is open a digital currency site on your computer or mobile phone and then create an account. You do not have to go to any company’s office to create an account. The account will be created in a few minutes.

It is an investment

The conventional form of money tends to lose its value over time due to various factors like inflation. However, digital currency is a form of investment. Most types of currencies have a set time for creating new coins.

When more people go for digital currency, the demand increases. As a result, the value of your digital money increases. It’s kind of a return on your investment. So, you don’t have to go to rich countries to see the value of your money increase. As digital currency grows rapidly, so does the number of users. So, this is the right time to invest and reap the benefits.

Takeway

So, if you are looking forward to investing in digital currency, we suggest you re-read this article. Hopefully, you will be able to get the most out of your investment down the road.

When it comes to trading cryptocurrencies, you have to assume that the value of the market you have chosen will increase or decrease. And the funny thing is, you never own a digital asset. In fact, it is traded with derivative products like CFD. Let’s take a look at the benefits of trading cryptocurrencies. Read on to know more.

Instability

Although cryptocurrency is a new market, it is quite volatile due to short-term speculative interest. The price of Bitcoin has dropped from $ 19,378 in 2018 to $ 5851 in just one year. However, the value of other digital currencies is quite stable, which is good news.

What makes this world so exciting is the volatility of cryptocurrency prices. Price movements offer many opportunities for traders. However, it comes with a lot of risk. Therefore, if you decide to explore the market, make sure you are doing your research and have put together a risk management strategy.

Business hours

Generally, the market is open for 24/7 trade as it is not regulated by any government. In addition, transactions are made between buyers and sellers worldwide. There may be less downtime during infrastructural updates.

Improved liquidity

Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important because it allows for faster transaction time, better accuracy and better value. Generally, the market is liquid in nature due to financial transactions across different exchanges. Therefore, small business can bring big change in price.

Leveraged exposure

Since CFD trading is considered a leveraged product, you can open a position which we call “margin”. In this case, the value of the deposit is a fraction of the trade value. So, you can enjoy a great exposure in the market without investing a lot of money.

Will reflect the value of the position when the loss or gain is closed. Therefore, if you trade on margin, you can make a lot of profit by investing a small amount of money. However, it also increases the losses that can be more than your deposit in a trade. Therefore, make sure that you consider the total value of the position before investing in CFD.

Also, it is important to make sure that you are following a solid risk management strategy, so that there should be proper limits and stops.

Quick account opening

If you want to buy a cryptocurrency, make sure you do so through an exchange. All you have to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process can be limited and can take a lot of time and effort. However, once the account is created, the rest of the process will be quite smooth and uncomplicated.

Long story short, here and now these are among the most prominent advantages of cryptocurrency trading. We hope you find this article quite helpful.

What is Bitcoin?

Bitcoin is a decentralized, peer-to-peer, digital currency system designed to enable online users to process transactions through the digital unit of the exchange known as Bitcoin. In other words, it is a virtual currency.

The Bitcoin system was created in 2009 by an unpublished programmer. Since then, Bitcoin has gained widespread attention as well as controversy as an alternative to commodity currencies such as the US dollar, euro, and gold and silver.

Growing in popularity

Bitcoin didn’t get much attention in the world of business and finance before 2009. It gained prominence with an increase of over 300% during 2011-2012. The price of Bitcoin has risen 400% since August last year. As a result, venture capital firms and investors around the world continue to value cryptocurrency.

In the first half of 2014, venture capital firms invested $ 57 million in Bitcoin in the first quarter, followed by $ 73 million in the second quarter for a total of $ 130 million, up 50% from last year’s total of $ 88 million. This is in stark contrast to the 2012 scenario where bitcoin companies raised a relatively insignificant amount of $ 2.2 million.

These statistics undoubtedly prove that Bitcoin is worth your investment, which raises the question, how can you buy and invest in Bitcoin?

A guide for novice investors in Bitcoin

The easiest and least complicated way to invest in Bitcoin is to buy Bitcoin. There are many established firms, mainly in the United States and abroad, which are involved in the business of buying and selling Bitcoin, abbreviated as BTC.

Coinbase

If you live in the United States, Coinbase is the place you are looking for. Coinbase offers clients an estimated markup of 1% of the current market value with BTC. U.S. residents have the option to sync their Coinbase wallets with their bank accounts. As a result, future transfer transfers are hassle-free. This company also gives you the option to buy automated bitcoin from time to time. For example, if you’re interested in buying বি 50 bitcoin at the beginning of each month, Coinbase lets you set up an automated purchase for that amount.

Be aware of the terms and conditions before you start using this service If you subscribe to an automated bitcoin service, you will not be able to control the purchase price of BTC per month. Note that Coinbase does not act as a bitcoin exchange, meaning you buy and sell coins directly from the firm. Since the firm has to collect coins from other buyers, you may face delays or interruptions in ordering during fast market movements.

Bitstamp

Bitstamp adapts to the requirements of a conventional bitcoin exchange. Bitcoin acts as an intermediary that allows you to do business with other users and not with the company. You always have the opportunity to find someone who is more liquid and willing to do business with you. There is an initial fee of 0.5% which can be reduced to 0.2% if you trade $ 150,000 in 30 days.

Alternative ways to buy Bitcoin

Local bitcoin

Exchange is not the only way to invest in Bitcoin. Local bitcoins are often used to buy BTC offline. The website is designed to link potential buyers and sellers. Bitcoins are locked in an escrow from the seller and can only be left to buyers.

Buying Bitcoin offline is not always very reliable or secure. It is therefore advisable to meet with vendors during the day and let a friend tag with you in case the situation goes south.

Bitcoin is not just a modern trend. Venture capital firms consider Bitcoin to be a viable alternative to long-term currency. There are endless ways for you to enter the field of Bitcoin investing. As mentioned earlier, Coinbase, Bitstamp and local Bitcoin are the most popular channels for investing in Bitcoin in the United States. Do your homework and find out which path ticks all your boxes.