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Bitcoin could hit $37K but trader says BTC price top will be ‘number you can’t comprehend’



Decentralized technologies are starting to revolutionize the world of finance, with cryptocurrencies applied in different ways to recreate traditional financial instruments. However, since cryptocurrencies aren’t backed by anything but people’s faith in them, they are extremely volatile. That means, when it comes to loaning value with crypto, neither party can be sure that they will get a fair deal.

There needs to be a way to secure the value of the assets loaned, which can be done by backing them up with a value in the real world. Here is where the tokenization of real assets comes in. This process is pretty straightforward when we consider tangible assets like a building or gold bars, but what about intangible assets like intellectual property?

Related: Understanding the systemic shift from digitization to tokenization of financial services

The rise of the creator economy has led to intangible assets accounting for over 90% of the S&P 500’s market value, a figure that is only set to grow. There needs to be a way to unlock more creativity to realize the potential of human capital.

Kickstarting creator financing

Finding a start with financing in the creator economy is a great challenge, especially for newcomers. As many entrepreneurs in this segment discover, sometimes it is much easier to give away a good idea than to create a business out of that idea.

Creativity, by definition, disrupts what came before; it’s about new ideas, new technologies, new products, new services and new ways of doing things. Driven in large part by the digital revolution, many creative industries are not just innovative in what they do but in how they do it.

Related: Bull or bear market, creators are diving headfirst into crypto

Raising funds may be difficult for several reasons. For one, banks and investors tend to be conservative. They like certainty and are unlikely to be impressed by an enthusiastic entrepreneur convinced that an entirely new and untried idea — whether it is a design, a software tool, a fashion concept or a video game — will be a commercial success. Furthermore, banks want collateral for their loans, but many creative businesses have no capital assets to offer.

Stumbling blocks in the state of play

Investors specializing in creative industries may indeed recognize an entrepreneur’s genius. But in return for their investment, they often want some ownership of the idea and, therefore, some control over its development and marketing. This may not seem acceptable to the creative entrepreneur who prefers debt-finance in the form of a loan rather than equity finance in the form of sharing ownership and control over the work with the investor.

Alex Shkor, the founder of DEIP — a company that is building a protocol for the creator economy — explained to me, “For creators to be able to tokenize their works and collateralize them for funding, there needs to be a set of smart contracts, which can register assets on-chain, issue NFTs, evaluate assets and manage both collateralization and liquidation in case of default.”

Loan framework for the creative economy

Just as loans can be issued in the real economy based on collateral, so can they be in the creator economy.

Imagine a game developer (let’s call them Jane) who begins working on a side project. After a while and some positive encouragement from friends and family, Jane decides to take the leap into converting their side project into a full-time job. But a few months down the line, and with slower progress than first anticipated, Jane’s funds start to dwindle; they begin to consider full-time roles again. This situation is a common one for budding creators out there.

However, with a decentralized platform for intellectual assets, Jane’s progress on their work could be assessed by a decentralized assessment system that pools the expertise of people in the domain to give the unfinished creation an appraisal guided by the intrinsic value of the idea. This inherent value is used as the input for the collateralization calculation, the loan value that it can be issued for. Jane can use the loan offered to them for whatever they like; in this case, to support themself while they finish the game’s development.

Moreover, with or without collateral, a small loan can be issued to newcomers. If Jane doesn’t have any project, ready-made or part-made creation, they still have the chance for initial financing as a newcomer to the platform. The loan amount will be smaller as it is unsecured, and the loan itself is backed by the segment decentralized autonomous organization (DAO) and budgets originating from its ecosystem fund. Sources of this fund come from transaction fees and bandwidth allocation payments of the underlying blockchain.

If loans are paid back on time, Jane’s personal credit rating will be upgraded. In this case, if Jane would like to apply for another loan, the collateralization factor will be less, enabling them to borrow more.

Should Jane default on their loan, any collateralized assets are assumed by the platform and can be sold off to recoup the funds via smart liquidation contracts. If Jane hasn’t collateralized anything, the default risk is realized by the platform and covered by the DAO.

As long as the creator’s credit history is solid and positively confirmed with each new loan, the next tranche can be issued with iteratively improved terms and conditions. Credit history becomes an integral and immutable part of the reputational profile of the creator. As Shkor noted:

“he whole purpose of Web 3.0 is to enable a decentralized creator economy nd all the tech for this already exists.”

He continued, “We just need to foster adoption of these technologies in real industries, in creative industries, for the assets produced by creators. It will not only increase liquidity of the creator economy assets, it will also open a flow of capital to creators.”

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Alexandra Luzan is a Ph.D. student researching the connection between new technologies and art at Ca’ Foscari University in Venice. For about a decade, Alexandra has been organizing tech conferences and other events in Europe dedicated to blockchain technology and artificial intelligence. She is equally interested in the relationship between blockchain tech and art.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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People’s payment attitude: Why cash Remains the most Common Means of Payment & How Technology and Crypto have more Advantages as a Means of payment




Consumer payment attitudes examine how they utilize cash and non-cash payment methods across the world. Payments made in cash are still the most frequent however people have started exchanging Bitcoin for cash in transactions. While individuals tend to adjust to their present circumstances. During the pandemic, for example, customers had to change their behaviors. Consumers have grown to be much more digitally savvy and environmentally conscious than they were before.

Is cash, however, really obsolete? Is the public ready to accept digital payments as the norm, or will paper money and coins continue to play a significant role in our daily lives? Cash payments, in our opinion, will always be king. Having cash will not make you run around for instance if you have to exchange bitcoin for cash if you must perform that transaction in cash.

Continue reading to learn about the benefits of cryptocurrency and why it’s inferior to cryptocurrencies.

Advantages of Cash Payments

  1. Generally accepted

When making minor transactions, businesses in nations like the United States would gladly accept cash instead of other means of payment.

  1. It comes in handy in moments of emergency

In cases of emergencies, cash will come in very handy. For example, if you’re traveling, you’ll need money, particularly if you’re going overseas. Apart from the fact that cards aren’t accepted everywhere, you run the risk of being mugged, having your debit card eaten by an ATM, and having other mishaps happen to you. A little bit of cold, hard cash will get you out of virtually any trouble. At that point looking for where to exchange bitcoin for cash will be extremely difficult.

  1. Your transactions are kept confidential

Cash is preferred by thieves because it is difficult to track. However, some law-abiding individuals who cherish their privacy prefer cash payments because of the anonymity they provide. As an added security measure, credit card issuers and retailers are required by law to share customer purchase data with other parties, including marketers.

Benefits of Cryptocurrency

1.      Transactions

Using cryptocurrencies as a medium of exchange has the benefit of eliminating the need for a middleman, for example, if you want to exchange bitcoin for cash take place on a peer-to-peer networking framework. As a result, audit trails are easier to create, people are less confused about who should pay what to whom, and transactions are more transparent since both parties know who they are.

2.      Asset Transfers

The crypto-blockchain ecosystem may be used to make specialized forms of transmission more accessible.

3.      Easier International Trade

A country’s exchange rates, interest rates, transaction fees, or other taxes do not apply to cryptocurrency transactions, even if it is widely acknowledged as legal money at this time.

International transfers and transactions may be carried out without problems due to currency exchange rate volatility and the like thanks to the peer-to-peer mechanism of blockchain technology. You can choose to exchange bitcoin for cash with someone in another country or continent.

4.      Individual Ownership

Even if you have outsourced administration of your cryptocurrency wallet to a third-party provider, you remain the only owner of your private and public encryption keys, which make up your crypto network address. Whenever you wish to exchange bitcoin for cashor any other crypto, you will be solely in charge.

5.      Strong Security

As with “charge-back” transactions permitted by credit card issuers, once a crypto transfer has been approved, it cannot be revoked. To protect against fraud, buyers and sellers must agree in advance on refund policies in the case of a mistake or return policy.

The last defense against fraud and account manipulation is the use of strong encryption methods across the blockchain and cryptocurrency transaction processes. These techniques also guarantee customer privacy.

  1. Payments made using Bitcoin may be made on the go.

Using crypto as a payment method requires just anybody with an Internet connection. In other words, customers may buy products without going to a bank or a shop by simply exchanging their Bitcoin for cash if the seller allows cryptocurrency transactions. Personal information is not required to complete any purchase, in contrast to online payments made using a U.S. bank account or credit card.


There are still obstacles in the way of a cashless society. Take the fact that millions of people still depend significantly on cash. Eliminating it may cause difficulties. Underprivileged, handicapped, and elderly individuals are particularly at risk. These people may be more vulnerable to financial exploitation, social isolation, and debt if their nation makes the switch to a cashless society too fast. It will be very hard for these sets of people to exchange bitcoin for cash because of different barriers.

People who are most at risk of being left behind by technological advancements must be included in attempts to make society genuinely cashless. How will you expect them to exchange bitcoin for cash? They will be completely left out.

Source: Plato Data Intelligence

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The Most Profitable Cryptocurrencies on the Market



Cryptocurrencies have recorded massive expansion in 2021. There’s no denying the fact that his year will definitely go into history books as one of the most ‘fruitful’ for these digital assets. The number of crypto traders has increased massively and currently, there are millions of people who are trading or are in possession of cryptocurrencies.

If you are thinking of joining the trading movement, you need to understand the fact that the crypto market is extremely volatile and everyday events can have massive impacts on their price. With that being said, we wanted to devote a bit of time to new traders who are looking to invest and make money off cryptocurrencies by naming the most profitable cryptocurrencies on the market today.

Binance Coin

Binance Coin is a digital asset that is often overlooked; however, it has massive value. Its current value is around $500, which is a solid price, but here’s where it gets better. As you may have concluded by now, this cryptocurrency is native to one of the world’s most reputable exchange platforms – Binance.

Now, you may think, there are a handful of other cryptocurrencies that have a higher value than Binance Coin, but here’s why you should consider trading with Binance Coin, especially if you have registered an account at Binance. The transactions with this cryptocurrency are far safer and faster on the platform, but what’s most important – the fees are much lower.


Next up, we have a cryptocurrency that many refer to as Ethereum. Before we unveil its price, let us give you a quick lesson. Ethereum is the name of the decentralized network in which the cryptocurrency named Ether can be traded. So, what you are looking for is Ether.

By market capitalization, Ethereum is the second-largest cryptocurrency in the world, falling behind Bitcoin. The reason why you should consider trading with Ether is that the open-source blockchain (Ethereum) focuses on this cryptocurrency and it can provide you with access to many other cryptocurrencies and NFTs, which proved to be a massive success in 2021.

Currently, Ether is at its highest value in history as it has a price of around $3,800.


Finally, we have the cryptocurrency that started the whole movement – Bitcoin. Bitcoin was established in late 2008 and gained massive recognition in 2014. After reaching an all-time high at the time in 2017, it dropped in a matter of few months and no one believed that it can reach a second peak.

Not only did it manage to do that, but 2021 resulted in 2 spikes of its value. In April, Bitcoin peaked at over $60,000 and then, it dipped. However, after numerous experts indicated that Bitcoin will catch a second wind in 2021, many investors decided to put their money on the line and they didn’t do wrong.

Currently, Bitcoin’s value is over $62,000 and what’s better, is the fact that experts are convinced that it has the potential to rise to $100,000 by the end of the year. At the moment it’s one of the most wide spread cryptocurrencies in the world. Many industries have to deal with Bitcoin. Banking, retail, gambling. Online casinos receive bets made with cryptocurrency and allow withdraw winnings to Bitcoin wallet. You would be surprised how many gambling platforms accept crypto. To learn more about it visit our partners site Exycasinos.

Source: Plato Data Intelligence

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What Is the Best Crypto IRA for Me? Use These 6 Pieces of Criteria to Find Out More



Are you considering investing in cryptocurrency? The cryptocurrency industry holds massive future potential, which is why it has attracted millions of investors in recent years. In fact, most cryptocurrencies in the top 10 have gained investors 1000% or more returns in the last few years.

That said, investing in crypto can often be expensive and cumbersome, which is why you need a crypto IRA.

Basically, a crypto IRA is a special kind of individual retirement account that allows you to invest in cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Stellar Lumens. A crypto IRA saves you big time on taxes and diversifies your portfolio.

Now, there are different crypto IRAs in the market. So, choosing the best one can be confusing. If you want to find the best crypto IRA here are six factors to look for:

1. The Charges Involved

When comparing different crypto IRAs, you want to first look at the fees.

Fees are not quite standard, and different custodians charge varying prices. You want to be sure you understand the various costs you’ll pay for holding an account with a particular provider.

Most companies usually charge a fixed amount for account setup, an annual maintenance fee, and a small commission on any trades you make.

Remember, not all providers state their prices upfront, and you may need to contact them for fee disclosures.

2. How Accessible the Crypto IRA Is

You also want to go with a crypto IRA that’s available in your country or state. Some providers may not operate in some areas, and it’s good that you have this information up front to help you narrow down on who to go with.

While at it, you can also test out the customer service to make sure that it’s not only available but reliable too, in case you need help along the way.

3. Ease of Use

The crypto IRA platform should be at least easy to understand and navigate. Essential features such as account funding and buying or selling options should be easy to locate even for beginners. A complicated account can make investing a real headache.

4. Variety of Cryptocurrencies

The number of cryptos you can invest in will vary from one crypto IRA to another. So, depending on what you’re working with, go for an account that allows different cryptocurrencies. The idea is not to go for something that limits you so much as you may want to diversify your portfolio with various cryptos later.

5. Funding Options

You’ll, of course, need to load fiat money into your account to buy cryptocurrency. So, check that the account you’re considering offers favorable funding methods. The best crypto IRAs allow you to connect to your credit or debit card to transfer money directly.

6. How Security Is It

With cybercrime getting more advanced, you want to ensure your crypto investment is safe from online attacks. So, look into the security measures that a provider uses before making any commitments.

Notable security measures in crypto include data encryption and two-factor authentication.

Looking for the Best Crypto IRA? Make Sure It Meets All the Above Factors

Finding the best cryptocurrency IRA is very easy if you know what to look for. The best crypto IRA providers will definitely match all six criteria listed in this article so consider these pointers and remember to take your time selecting a crypto IRA you’re comfortable with.

Source: Plato Data Intelligence

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What does swapping crypto mean?



Has the number of cryptocurrencies ever piqued your interest? Are we talking about a couple of hundred here? Maybe a zillion people? According to CoinMarketCap, that number is now well over 7,000. With so many options, you may want to test a new cryptocurrency at some time. However, how do you go about doing it?

Good news, then! Making a switch will allow you to test out a different cryptocurrency with ease. Swapping is the process of swapping one coin for another. In other words, how does it all work?

Let’s assume you have some

Ethereum, but you’d like to have Bitcoin. Certain services are available to assist you with this. Swap service providers allow you to trade your Ethereum for Bitcoin, with a value close to the actual exchange rate. To put it simply:

Why would I want to swap?

Now you know what it means to exchange cryptocurrency. On the other hand, why on earth would you want to? Anyone’s motives for wanting to swap their crypto assets for anything else are wide open. So, without further ado, here we go.


Making money, that’s right. It’s a hit with everyone. Trading cryptocurrencies have the potential to bring you a sizable return because of how rapidly their prices can shift. You might make a lot of money by trading your crypto at the appropriate time if you are timing the market perfectly and are a little bit lucky.

Increasing your investment options by utilizing diversification

Those sudden price adjustments, on the other hand, are not to everyone’s taste. In general, diversification is seen as a valuable tool for reducing the impact of risk. Having a diverse portfolio of cryptocurrencies may help mitigate the effects of price fluctuations.

A source of ongoing revenue

Wouldn’t it be great if you could receive money for doing nothing? Staking is a method of earning additional crypto without having to do any work on your part. You might try this out by exchanging some of your bitcoin for fiat currency.

But be on the lookout!

Trading cryptocurrency is inherently hazardous, even if you don’t consider security issues. Remember how we said that by timing the market right, you might make a significant profit? If you’re not careful, you might suffer losses of all sizes. Don’t invest or trade money you can’t afford to lose, and do your homework before you get involved.

Additionally, there is generally a charge associated with trading bitcoins. You should expect a somewhat lesser return on your investment.

What is 123swap?

123swap offers an ecosystem of products and services that enables consumers to swap, keep, send, receive, earn, and invest tokens across various chains in a single place of business. To remove difficulties such as complex interface, hidden fees, and a time-consuming registration procedure, the platform has designed its conversion method to simplify the process for the end-user.

Why 123swap?

Users can pick from among more than 500 cross-chain liquidity pools (Ethereum, Binance, Polkadot, and many more). In addition to supporting the most popular protocols, the platform also offers the lowest costs and the highest annual percentage yield (APY) (Annual Percentage Yield).

123swap will differentiate apart from other DeFi platforms thanks to the following features:

In the Smart Economy, 123swap is a prominent crypto swap protocol that enables users to – Swap favoured assets in several chains; hold them; send them; receive them; earn from them; and invest in them. In this approach, crypto assets may be exchanged between peers without the need to put their faith in a third-party custodian or counterparty. The platform offers non-custodial services and aims to provide optimum safety, ease, and comfort for its users. Customers may browse all of the swaps offers gathered from the most important crypto exchanges in one location.

The platform’s goal is to develop a stronghold community. Members of the community will be able to make essential choices on things like team tokens vs. advisory tokens, lock length, and so on through a fair voting mechanism.

Problems solved by 123swap

Exchanges performed by hand are old-fashioned and time-consuming. By utilizing smart contracts, the platform will streamline and automate the swapping process. Smart and autonomous financial management will be available in one location thanks to the cross-chain smart contracts. The platform would promote decentralized financial management via smart contracts. As a result of its technological innovations, 123swap is poised to surpass the competition, improve speed, and establish itself as the world’s leading exchange.

Final Thoughts

Swapping is the process of swapping one coin for another. Certain services are available to assist you with this. You might make a lot of money by trading your crypto at the appropriate time. If you’re not careful, however, you might suffer losses of all sizes. 123swap is poised to surpass the competition, improve speed, and establish itself as the world’s leading exchange.

The platform would promote decentralized financial management via smart contracts. Users can choose from among more than 500 cross-chain liquidity pools (Ethereum, Binance, Polkadot, and many more).

Source: Plato Data Intelligence

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