Crypto

There is nothing as frightening to any investor as a financial scam, especially one that wipes out one's entire investments in a project. Such occurrences aren't just an enclave of cryptos either. The 2008 stock market crash caused by the too-big-to-fall Lehman Brothers caused a devastating global wipe-out of people's savings. The rug pull scam is frightening, though it's not quite to the scale of the massive mainstream financial crisis that sends entire economies reeling back several years. So what…

The infrastructure bill is a US senate proposed bill that aims to spend over $1.2 trillion developing infrastructure. This bipartisan $1 trillion infrastructure bill results from the years of hard work to improve the American infrastructure systems.  It includes lump sum spending on developing roads, rails, power, environment, drinking water, airports, and many more. The main issue with this trillion-dollar bill is the way to fund the projects.  In a 2700 page document, the infrastructure bill contains new regulations that…

Germany has recently enacted groundbreaking legislation that observers say has the potential of mainstreaming crypto investments. The law that had been in the works since April this year came into force on July 1, 2021. It allows select institutional funds to allocate part of their portfolio to digital assets. In the law targeting the 'Spezialfonds,' firms can structure their capital to include an up to 20 % allocation in crypto. Currently, the special funds manage assets worth approximately $2.1 Trillion.…

Bitcoin has for over a decade now been an investor's favorite asset, with over 20 million addresses holding some amount of BTC. It was introduced as a peer-to-peer medium of exchange, used as a payment asset. The idea was to create a network that is entirely free from governmental regulations. Generally, Bitcoin has been successful as an investment asset but has garnered value because of its use as a medium of exchange. However, some investors would want to invest in…

Two of the major platforms in the crypto accounting scene have banded together in a process that involves Cryptio integrating Request. The integration will result in a unified front concerning the joint effort, capital, and directives which will help develop new accounting solutions and streamline existing solutions for crypto-based companies.  The merging of the two platforms will result in a proper invoicing system with the accounting system already developed to simplify the bookkeeping process. This action will allow companies to…

The BTC price began a fresh increase on Friday and broke the $39K resistance level after remaining well bid at the $38,200 support zone. The world's first digital asset has seen a return to volatility over the past two weeks amid a market recovery that saw the combined market cap of cryptocurrencies lose and then gain approximately $300 billion.  The flagship crypto formed a high near $40,920 but parried gains as bulls struggled to gain momentum above the psychological $40K…

Living your best life after retirement doesn't just happen. It needs proper planning, discipline, and commitment. We are lucky to live in an age where there are so many ways of achieving financial security in retirement. One of the most promising ways is investing in cryptocurrency.  A cryptocurrency is a form of digital money that is decentralized and based on blockchain technology. A blockchain is a decentralized, open ledger that stores transactions in coded language. In practice, it's similar to…

Ethereum, the second-largest crypto by market cap, has recently been retracing, with the coin's price standing at around $2,171 as of writing this report. This price action comes after a long bear pattern that scared away many investors, leaving many to think the asset could continue tanking. Instead, the primary cause of this bullish move was Elon Musk's influence. Ethereum's Retracement The buying pressure of Ethereum increased on Thursday by a tremendous rate, with investor confidence being high in many…

In 2021, The El Salvador president proposed accepting Bitcoin as a legal tender in the country. The bill targeted the introduction of Bitcoin as a legal currency to be used in everyday activities. Later in June, it passed the law in the Salvadoran Congress, where 62 out of 84 members voted for the bill.  The news of El Salvador using crypto trended for over one week, sparking other countries like Paraguay to follow the course. Although Paraguay's plan is not…