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Bitcoin: A Stable, Internationally Recognised Currency Or A Vehicle For Wild Speculation?

A professional speculator once told me: “It’s really not gambling unless you risk losing your house or selling your organs in Shenzhen.” I hate to spoil an exquisite financial bubble, but it’s growing ever more evident that the cryptocurrency and bitcoin craze is shaping up to be an epic, legendary Ponzi scheme. Psychologically and financially, you’re either inside a bubble plotting when to cash out or outside guessing when to jump in. Bubbles usually make fools out of those who sell out too early or too late – which is almost everyone. Cryptocurrencies represent a perfectly intersecting storm...

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Legitimate Platforms For Investing In Cryptocurrency

We have discussed all about cryptocurrency and how to avoid getting scammed when investing in digital currency in two previous articles. Now that you have a fair idea about the basics, let’s take a look at the pros and cons of some of the best platforms for investing in cryptocurrency. Cryptocurrencies are traded in exchanges. There are numerous such platforms where you can buy and sell digital currency. However, each is different from the other in terms of the number of currencies traded, security, fees and ease of trading and several other minute financial details. While all sites listed...

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How To Avoid Getting Scammed While Investing In Cryptocurrency

Cryptocurrency, or crypto, is a digital form of currency. Everybody wants to invest in this booming market and make large profits. It has no central issuing authority, making crypto vulnerable to scams. Crypto uses a decentralised control mechanism, generally a blockchain, which publicly records transactions in digital form. As of May 2021, there are over 10,000 cryptocurrencies in this world — Bitcoin being one of the most popular among them. The other coins are generally termed as Altcoins, meaning alternatives to Bitcoin. The list includes big names such as Litecoin, Peercoin, Namecoin and...

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sotheby’s-will-accept-cryptocurrency-payment-for-a-100+carat-diamond

Sotheby’s will accept cryptocurrency payment for a 100+carat diamond

Sotheby’s Hong Kong will offer a rare 101.38-carat diamond in a single-lot sale on July 9, and the auction house is enabling it to be purchased via a cryptocurrency payment. It’s a first for a physical object estimated between 10 and 15 million dollars. A new record may soon be set: auction house Sotheby’s is letting cryptocurrency holders know that they will be able to bid for an exceptional pear-cut diamond weighing over 100 carats. Indeed, it’s already rare for such a diamond to be auctioned – fewer than ten examples over 100 carats, including only two pear-cut, have ever come to auction,...

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e-sports-and-blockchain:-when-the-explosive-universes-meet

E-sports and blockchain: When the explosive universes meet

TeamSoloMid and FTX: you probably have never heard of these two names. And yet, the collaboration between North American e-sports structure TSM and cryptocurrency exchange platform FTX demonstrates the new investment opportunities generated from two booming sectors. E-sports x blockchain. Why not combine two of the fastest growing markets today? On one side, e-sports is a rapidly growing sector counting hundreds of millions of players. On the other side, blockchain is an ecosystem still relatively in its infancy, but full of opportunities for investors. The North American structure TSM has...

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coinbase-wants-to-start-its-own-‘media-arm’-to-fight-crypto-misinformation

Coinbase wants to start its own ‘media arm’ to fight crypto misinformation

The cryptocurrency exchange platform Coinbase plans to become — in its words — a “source of truth,” arguing that journalists are essentially bullies riddled with conflicts of interest. In fact, the firm considers that every tech company should speak directly to its audience, effectively becoming media companies in their own right. Interest in cryptocurrencies seems to grow with each passing day. But as interest grows, it can become difficult to unravel fact from fiction in an economy that is still largely misunderstood. In fact, even cryptoeconomy investment “experts” sometimes seem overwhelmed....

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coinbase-wants-to-start-its-own-‘media-arm’-to-fight-crypto-misinformation

Coinbase wants to start its own ‘media arm’ to fight crypto misinformation

The cryptocurrency exchange platform Coinbase plans to become — in its words — a “source of truth,” arguing that journalists are essentially bullies riddled with conflicts of interest. In fact, the firm considers that every tech company should speak directly to its audience, effectively becoming media companies in their own right. Interest in cryptocurrencies seems to grow with each passing day. But as interest grows, it can become difficult to unravel fact from fiction in an economy that is still largely misunderstood. In fact, even cryptoeconomy investment “experts” sometimes seem overwhelmed....

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what-can-you-buy-with-bitcoin?-here’s-a-world-map

What can you buy with Bitcoin? Here’s a world map

Elon Musk recently announced that it will soon be possible to buy a Tesla with Bitcoin in the US — news that could definitively bring the cryptocurrency into the mainstream. Major retailers are few and far between to accept this payment method, but there are still some ways to spend your hard-earned crypto assets. With the price of Bitcoin currently riding high over $50,000, you’ll need a bit less than one Bitcoin to buy a standard Tesla Model 3, or a bit more to buy the Performance model. Anyone flush in the cryptocurrency could shell out up to three Bitcoin on a Tesla Model S Plaid Plus. In...

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is-amazon-planning-to-launch-its-own-cryptocurrency?

Is Amazon planning to launch its own cryptocurrency?

Amazon could soon unveil a new cryptocurrency specially dedicated to exclusive purchases on its various platforms, from its online store to Prime Video through its app store according to reports. Mexico could be the first country to use it, even if for the moment the brand has not confirmed the rumor. The biggest players in new technologies are getting into the cryptocurrency scene. Tesla has invested 1.5 billion dollars in Bitcoin, which has just reached new heights, at close to $50,000 per unit, while Facebook has tried, but unsuccessfully for now, to launch its own digital currency. According...

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