Connect with us

Blockchain

JPMorgan: El Salvador to Face multiple Obstacles on the way to Implement Bitcoin as Fiat Money

Published

on

JPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism, Bloomberg reported Monday.

A team at JPMorgan Chase stated that Bitcoin’s cross-traffic liquidity, high price volatility, and USD exchange risk are the main challenges for its use as a legal tender.

According to Bloomberg’s report Monday, JPMorgan Chase, citing a report that the daily trading volume of Bitcoin exceeds $40 billion to $50 billion, but most of the transactions come from cryptocurrency exchanges.

The report added that a significant portion of Bitcoin is locked in less liquid entities. More than 90% of bitcoins are tied to “wallets with low turnover”-held without changing hands in more than a year.

The team from JP Morgan Chase said:

“Daily payment activity in El Salvador would represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets in the past year.”

The report believes that due to the nature of Bitcoin itself, transactions will become “potentially a significant limitation on its potential as a medium of exchange.”

On June 9, El Salvador became the first country to adopt bitcoin as legal tender, with 62 votes approval out of 84. Later on, El Salvador President Nayib Bukelet announced Bitcoin (BTC) would become another legal tender, effective September 7.

However, the initiative of president Bukele to make Bitcoin a legal tender in the country has sparked a lot of national discussions.

As reported by Blockchain.News on July 9, more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country. About 54% of people viewed the bitcoin adoption as “not at all correct”, another 24% described it as “only a little correct.”

In addition to the poor liquidity of the asset, El Salvador also faces the high volatility of Bitcoin pegged to the U.S. dollar when it is pegged to the U.S. dollar. The bank stated that the exchange of Bitcoin and U.S. dollars on government platforms might “cannibalize the liquidity of onshore U.S. dollars”, leading to risks to the balance of payments and fiscal stability.

Image source: Shutterstock
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://Blockchain.News/news/jpmorgan-el-salvador-face-multiple-obstacles-on-the-way-implement-bitcoin-fiat-money

Blockchain

World-Renowned Photographer Christina Jansen to Release First Muhammad Ali Digital Collectibles with dMerch.io

Published

on

Never Before Seen Photos of “The Greatest” Available for Digital Collection on the WAX Blockchain

The Worldwide Asset eXchange (WAX) is partnering with world-renowned photographer Christina Jansen and Dublin-based NFT agency, dMerch.io to bring to life the Muhammad Ali Series 1 digital collection. The collection contains 136 unique digital collectables, all showcasing the vibrant personality of Ali himself and will be available on WAX blockchain starting on August 10, 2021 at 1pm EST / 10 am PST.

Throughout his iconic 21-year professional career, Ali was unconventional and incredible for the world to watch. He was an Olympic gold medalist, accumulated 56 victories, and was the first boxer in history to claim the heavyweight championship belt three times.

In 1986, Jansen and Ali met for the first time at a commercial shoot at Fulham Studios. Instantaneously, the duo connected, and Jansen admired Ali’s humble nature. Since her encounter with Ali, Jansen has gone on to photograph celebrities, athletes, and fashion icons.

“Photographing Muhammad Ali was one of the most inspiring jobs I have ever had. Over a period of two weeks on and off the set I witnessed how he treated everyone who approached him the same. It didn’t matter to Ali where you came from or what you did. I felt so blessed to have the chance to talk to him and get to know this great man like a close friend.  Ali told me his Philosophy in life – If you reach for the moon you might end up next door, but if you reach for the stars you will get to the moon. He encouraged me and others to reach for their goals and not be afraid to take risks in life,” said Jansen.

Adam Bouktila, COO for dMerch, praised Christina’s photographs which have not been seen by a wider audience:

“This collection is amazing for the close connection between Ali and his photographer. These are not paparazzi shots taken at random. These are beautifully crafted images taken over a two-week period where subject and artist forged a close and powerful connection. The connection makes the images come alive.

“And with NFT technology we can now share these images with the world. As a Mohammed Ali fan this is a huge privilege for me to be involved in this project.”

Since his passing in 2016, Ali’s life and love for mentoring others will be revealed through Jansen’s intimate, never-before-seen photographs for fans to collect and enjoy as digital collectibles on the WAX Blockchain. In her very first WAX collection, Jansen will offer the proceeds of an extremely special “Boxing Futures” pack featuring a single, ultra-rare Muhamad Ali digital photograph to aid Boxing Futures, an organization that aims to help disadvantaged youth by providing a safe space for them to improve their physical and mental health through boxing all while learning to build relationships and find motivation.

“This collection is both a personal and professional triumph that allows us to give back to a deserving group and pay homage to Muhammad Ali’s legacy,” says Jansen.

The intimate photos of the boxing superstar will be available in six (6) ring-worthy rarities, including:

  • Classic
  • Negative
  • Gallery
  • Photographer
  • Championship
  • Behind the scenes

As a special thank you for their support of the collection, Championship card buyers will be automatically entered into a randomized drawing for a chance to claim one (1) of (3) unique physical prints.

The Muhammad Ali Series 1 digital collection will feature 5,000 Classic Packs, 3,000 Photographer Packs, and 1,000 Boxing Futures Packs and are available in the following sizes:

  • Classic Packs containing 5 digital collectibles for $19.99
  • Photographer Packs containing 25 digital collectibles for $49.99
  • Boxing Futures containing 1 digital collectible for $9.99

There will be a “stress test” prior to the official launch day on August 9 at 1pm EST / 10 am PST. Fans can sign-up through the official WAX Discord and will receive a free promo-pack as a “thank you” for participating.

About WAX
The Worldwide Asset eXchange™ (WAX), is the world’s #1 blockchain, as measured by number of users and transactions, according to Dappradar.com. WAX’s mission is to bring digital collectibles to the mass market in the safest, most secure, environmentally friendly, and easy-to-use marketplace in the world. WAX is also the leading entertainment digital collectibles network — in 2018, WAX introduced vIRLs®, giving consumer product companies the ability to directly link digital collectibles to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit https://wax.io and follow along on Twitter and Discord.

About Boxing Futures
Boxing Futures is a dynamic charity which works to improve the physical and mental health and wellbeing of disadvantaged young people. We empower young people by building positive relationships, developing core soft skills and increasing confidence and motivation.

###

Media Contact:

[email protected]

Source : Plato Data Intelligance

Continue Reading

Blockchain

From Around the Web: 10 Awesome Stories About Bitcoin

Published

on

Bitcoin is a revolutionary cryptocurrency. It single-handedly jump-started the cryptocurrency space, allowing crypto-enthusiasts and traders to invest and get into cryptocurrency trading, and gave rise to a host of other cryptocurrencies that completely changed the landscape of the financial and investment markets. Several individuals took full advantage of the bitcoin evolution and went from rags to riches in the blink of an eye, all thanks to their investment in bitcoin. However, it also led to severe losses because some people could not understand how bitcoin trading worked.

Top 10 Best Stories About How Bitcoin Changed Lives Across the World

Here are the top 10 best stories of people who took full advantage of bitcoin and whose inspirational memoirs about their Bitcoin investments are worth knowing. If you are interested in buying bitcoin, find a trusted trading platform here.

Bitcoin Revolution Story #1: The Teenage Bitcoin Millionaire – Erik Finman

When teenagers juggled between schools, homework, and sports, Erik Finman negated the college-bound paths and tried his hand in cryptocurrency trading. The story of this teenage millionaire starts on an Easter day in 2011. Erik received a generous gift of $1,000 from his grandmother when he was 12. Unlike other kids who would have spent it all, Erik turned his attention to bitcoin trading and decided to invest it in Bitcoin.

Surprisingly, just after two years, Bitcoin’s price shot up to $1200, and his bold decision paid off. This successful experience motivated Erik to sell his Bitcoin and use the money to launch a start-up called Botangle. Botangle was an online education company, a successful web venture where he provided video tutorial services. He paid off all his employees in Bitcoin.

Botangle became the centre of attention within no time, and investors placed Erik on the horns of a dilemma with a seemingly difficult choice. The offer was to either sell the company for $100,000 or 300 Bitcoins. For Erik, the Bitcoin hogger, this was not a difficult choice. He again placed everything on Bitcoin with the hope of becoming a millionaire by 18.

Currently, his focus is to establish a start-up that involves cryptocurrencies intended to participate in developing a satellite for NASA. Erik says, “I can say today that I own 403 bitcoins which are currently valued at $1,092,678.08 with Bitcoin price being at $2,711.36 plus some other money invested in other things.”

Bitcoin Revolution Story #2: The One Who Sold His Worldly Possessions and Bought A Millionaire Life: Kingsley Advani

One needs real guts and a strong determination to sell all the hard-earned savings, make difficult investment decisions and invest them in a volatile market like crypto trading. Sometimes, such a leap of faith helped Kingsley Advani. The 24-year-old Advani became a millionaire with his initial investment in Bitcoin.

It was in 2012 that Advani planned to change the path of his life. His friend introduced him to Bitcoin, and apart from the circumstances, he saw the bigger picture and possibilities this crypto could make in the future. At an age where people tried hard to climb up the career ladder at a competitive pace, the data scientist Advani worked hard to invest in Bitcoin. He emptied all his savings, his laptop, headphones, etc., and poured $34,000 in it.

Well, it was a risk worth taking as Advani turned his investment into a low-seven-figure sum with the amazing bull run of 2017. With the value of Bitcoin doubling since his initial investment, Advani is a crypto millionaire today. Moving from a desk-based job, he now travels around the world imparting wisdom and his passion for cryptocurrency as an advisor.

Things were not easy for Advani, and everything didn’t just fall into his lap. He started reading white papers, never missed a piece of single news about blockchain technology and spent his time in isolation distracting himself from everything else. He advises other investors to first invest their whole time and energy in researching the trends of cryptocurrencies, learn about crypto trading and then invest in cryptos. In discussion with Business Insider, he adds, “Only put in what you can afford to lose,” which is a message worth to its core.

Bitcoin Revolution Story #3: A Millionaire by Sheer Fluke: Kristoffer Koch

The story of Kristoffer Koch, the millionaire by accident, might come as a real surprise for you. For some, luck hits in the most unexpected time. With an investment of $26.60 in 5000 Bitcoins, which is a breath-taking value, Kristoffer made a fortune.

It was in 2009 that Kristoffer decided to invest in the digital currency Bitcoin. He was doing his thesis on encryption and came across it during his research. Bitcoin was in its nascent stage; therefore, he completely forgot about his small investment and moved on with his everyday life.

A stroke of realization hit him in 2013 when all the media was flooded with the news of Bitcoin daily. Kristoffer was wonderstruck, remembering that he, too, owns a good amount of Bitcoin.

Later, he spent a few days searching for the correct password to his encryption of fortune, the Bitcoin wallet. He instantly exchanged one-fifth of his investment for $886,000. Kristoffer bought himself a luxurious apartment in Norway and started enjoying his luckily found millionaire life.

Kristoffer quoted, “Not in my wildest dreams could I have imagined that they would have soared like this. It’s bizarre. These psychological reflexes that make us attach a value to something that doesn’t have any in itself.”

Bitcoin Revolution Story #4: The Mysterious Millionaire: Mr. Smith

Mr. Smith is the millennial millionaire who proudly flaunts his wealth by travelling across the world in first-class flights and 5-star suites. Smith is a mysterious Bitcoin millionaire, first interviewed by Forbes when he earned over $25 million from Bitcoin. In his ultra-luxurious style, this wanderlust has visited places like Singapore, New York, Las Vegas, Moscow, Monaco, and the list goes on.

The story of Mr. Smith starts with his initial investment of $3000 worth of Bitcoin in October 2010. He was working at a Silicon Valley company and was living a simple everyday life. For the next three years, Smith used to check the price of Bitcoin every couple of months. In his interview with Forbes, he said, “I knew from the very start that I was playing the long game. I wanted to see how high it could go.”

He put an end to the wait when the Bitcoin price hit $800. Smith cashed out 42.3 million, quit his job, and started living his luxurious life to its fullest form. Securing $25 million from an investment of $3000, this is how a millionaire was born!

Mr. Smith, the epitome of new money, quotes about the spontaneity of Bitcoin in his Forbes interview, “I couldn’t believe how quickly it was appreciating. It started rising by 10% or more every day. I was nervous, and excited, and terrified and confused all at the same time.”

Bitcoin Revolution Story #5: The Ultimate Hodler: 50 Cent

Who knew that the miraculous rapper 50 Cent, aka Curtis Jackson, has a million worth of investment in his account! The truth is, not even himself. According to the celebrity gossip website TMZ, it took him a while to find out that he had a gold mine of around 700 Bitcoin, which was worth more than $7 million on the day he realized it.

The story of this Bitcoin millionaire dates back to 2014 when he was the world’s first artist to accept Bitcoin as a means of payment. It all started with his album called “Animal Ambition, where he gave his fans the golden opportunity to buy the album from his website with Bitcoin. Little did he know that it was the initiation of his golden opportunity.

The 700 Bitcoins that he earned from the sales were left untouched until 2018 when he realized that it is worth $7.7 million. The musician’s bold and smart decision to sell his music for Bitcoin has secured him a wealthy fortune and name in the market. He has paved the way for many musicians to accept virtual coin payments for songs.

50 Cent confirmed the news and his excitement by taking it to his Twitter handle and Instagram, saying, “this is not bad for a kid from the south side.”

Bitcoin Revolution Story #6: The Emperor of the ‘Crypto Castle’: Jeremy Gardner

Jeremy Gardner is another young crypto millionaire who secured a fortune with nothing but a few Bitcoin. Jeremy is not merely a Bitcoin millionaire who buys and sells coins, rather an intelligent entrepreneur who has world-changing solutions and visions. The story of this self-made rich kid dates back to 2013.

On a typical day, Jeremy got his hands on Bitcoin from his friend who offered some Bitcoin in exchange for cashback. The enthusiastic teenager was keen on this new digital currency and started researching cryptocurrencies, trends, and markets until he was convinced that Bitcoin was here to stay. Jeremy had his strong-based plans. He launched a decentralized prediction market, called Augur which soared high in the following years.

In 2014, the Bitcoin millionaire co-founded the Blockchain Education Network, a non-profit group initiated to empower students about blockchain technology worldwide. Jeremy’s most significant ventures are the three-story residence in San Francisco, named The Crypto Castle. A hub for cryptocurrency entrepreneurs to stay, discuss and plan their next steps.

Jeremy mentioned his excitement about Bitcoin in an interview with the Business Insider, “There was this realization that I could, with just an internet connection, exchange value with anyone in the world who also has an internet connection. ”

Bitcoin Revolution Story #7: Securing A Millionaire Fortune from The First Job: Olaf Carlson Wee

Well, first jobs are always special, but what if your first job is a golden ticket to your future? It’s not just a dream but the reality of Carlson Wee, the first employee of Coinbase wallet in 2013. Even before the crypto market flourished, Carlson was an ardent believer of its existence and invested his money in Bitcoin.

Even when his first investment crashed down, he didn’t lose his faith and gained more insight into the world of cryptocurrency by joining as an employer in Coinbase. He decided to get paid by Bitcoin only because he knew the potential of this cryptocurrency.

As Bitcoin began to soar to highs within the fullness of time, Carlson had more than enough investment to make him a millionaire. Within a matter of months, his assets went from $4 million to $200 million. Because of his far-sightedness, Forbes mythologizes him as the ‘man who has been living on Bitcoin for three years”.

In a telephonic interview with Forbes, he said, “I view Bitcoin as the more democratic version of money and value transfer because no one controls it. I expect the Internet to be around longer than any nation-state, so a nation-state-backed currency is less safe than an Internet currency in my mind.”

Bitcoin Revolution Story #8: The ‘Bitcoin Jesus’: Roger Ver

As the name resonates, Roger Ver is one of the most famous vocal proponents of Bitcoin long before it became popular among investors. Ver has been a significant persona in promoting cryptocurrency from an unknown commodity to a valuable and widely accepted asset. This controversial investor has amassed an almost huge wealth of $520 million, being an early investor in Bitcoin and several Bitcoin-related start-ups.

Ver’s success story dates back to 2011 when he was introduced to Bitcoin through a podcast. He was immediately keen to know more about this digital currency and believed in its successful future. He has continuously pushed for Bitcoin’s adoption worldwide and his company MemoryDealers was the first-ever company to accept Bitcoin as a form of payment.

Today this Bitcoin millionaire is the CEO of Bitcoin.com and the co-creator of Bitcoin cash. In the end, all the vocal proponents, shout-outs, and advice about Bitcoin and its future paid him off with a luxurious life.

This ardent believer of Bitcoin stated to CNBC that “Bitcoin will experience many bubbles along its way to improving the lives of everyone on the planet.”

Bitcoin Revolution Story #9: The Bitcoin Pizza Day: Laszlo Hanyecz

Hanyecz will never regret spending that 10k Bitcoin for two large pizzas! The Bitcoin pizza day’s history dates back to May 22, 2010, when Laszlo Hanyecz agreed to pay 10,000 Bitcoins for the two Papa John’s pizzas.

Since that day, Hanyecz’s pizzas have gotten more expensive. The 5th anniversary of Bitcoin Pizza Day was celebrated with two pizzas at a value of $2.4 million. BTC was a very less known asset in the market when Hanyecz decided to make the exchange as such, the Bitcoin price was very low. Until today, May 22, is celebrated as Bitcoin Pizza Day, where both Bitcoiners and pizza vendors are toast.

The best way to celebrate the day is to make a pizza purchase with Bitcoins. This little milestone is also a reminder that however insignificant or small things are, they might have the potential to make great transformations in the world.

Hanyecz told the NY Times, “It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool.”

Bitcoin Revolution Story #10: The Bitcoin Family: The Taihuttu family

The Taihuttu family’s story is quite breath-taking as the whole family with three kids bet everything they had on Bitcoin. They sold everything and hit the road travelling around the world. Taihuttu first came across Bitcoin in 2013 and started studying it deeply. He and his two friends started mining Bitcoin with powerful computers and kept a watch on the trends.

Today the Bitcoin family has a blog where they write interesting stories about their travel, investments, and how they started living a minimalistic nomadic life to invest in Bitcoin. They also wrote about places that accept Bitcoin as a mode of exchange and their views about the crypto market’s future.

Even when the Bitcoin price saw a massive correction in 2018, the Bitcoin family didn’t panic. Instead, they re-invested with more determination and ambition than ever. They continued their adventure with neither bank accounts nor properties, which is still a remarkable story related to Bitcoin.

If you would like to buy Bitcoin, Ethereum, or other popular cryptocurrencies, VirgoCX offers a hassle-free and streamlined way to do so, right off the website. If you would like to learn more about trading Bitcoin, check out some of their other articles here. Please note that this article should not be viewed as investment advice. Cryptocurrency trading is subject to risks. Please do your due diligence and trade responsibly.

Continue Reading

Blockchain

CryptoHawk Provides Subscribers 2-month Returns of 44.5% on BTC and 22.1% on ETH

Published

on

WEALTHSIMPLE NOW LISTING DIGIMAX STOCK

TORONTO, ON / Plato Data Intelligence / August 2021 / DigiMax Global Inc. (the “Company” or “DigiMax”) (CSE:DIGI)(OTC:DBKSF), a company that provides artificial intelligence (“AI”) and cryptocurrency technology solutions, is pleased to share its performance over the first two months since the revamped Crypto Price Indicator tool was launched June 1, 2021.

In its first month of June, during a period when both Bitcoin and Ethereum dropped by 7% and 15% respectively, DigiMax provided subscribers who followed the indicators positive returns of 27% and 13%.

As of the end of July, even though both Bitcoin and Ethereum enjoyed a strong recovery in the latter part of July, CryptoHawk again “captured the volatility” and helped investors make strong gains when crypto prices went up, just like the gains captured the prior month when crypto prices went down.

For the combined June-July 2021 period, Bitcoin had a net change of +5.1% while Ethereum dropped -3.6% during the period.  CryptoHawk instead provided subscribers returns of +44.9% for Bitcoin and +22.1% for Ethereum.

CryptoHawk is continuing to prove that not only does it help “protect investors from crypto liability,” CryptoHawk actually helps “investors capture volatility for big gains.”

The CryptoHawk results provide a strong foundation to launch the CryptoHawk-based Crypto Fund domiciled in Cayman Island expected to be launched by the end of August 2021 as previously announced.   Pre-marketing of the fund is commencing and the stated goal of achieving $1 billion of Assets Under Management (“AUM”) within 24 months seems realistic at this time.

DigiMax is also pleased to note that WealthSimple has commenced listing DigiMax on their website.  According to Wikipedia, “WealthSimple Inc. is a Canadian online investment management service focused on millennials. The firm was founded in September 2014 by Michael Katchen and is based in Toronto. As of February 19, 2021, the firm holds over C$8.4 billion in assets under management.”

About Calculations

All of the calculations above assume a constant amount is invested for each trade and the returns reported are the sum of the performance of all individual trend indicators sent to subscribers during the period described.  These returns assume the investor is trading long and short based on these trend indicators and the returns do not include commission costs as these vary for each investor.  The rates of return of Bitcoin and Ethereum is calculated based on the change in price from the first day of the period described and the last day, divided by the first day price.

About CryptoHawk

CryptoHawk is an Artificial Intelligence-driven, price-trend prediction tool that can be profitably used by any investor interested in trading Bitcoin or Ethereum.  The tool is different as it uses AI and machine learning to capture profit from the volatility of crypto currencies rather than incur the risk of buy-and-hold investments.  In both up and down markets, CryptoHawk has the potential to deliver subscribers much higher returns when trading.  In sum, CryptoHawk is an AI Solution that protects traders from volatility, while at the same time allowing them to profit from it.

About DigiMax  

DigiMax is a technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology. 

To learn more, visit our websites: https://digimaxglobal.com/

https:/cryptohawk.ai

Contact: 

Martti Kangas

Investor Communications

647-521-9261

[email protected]

Chris Carl

President & CEO

416-312-9698

[email protected]

Cautionary Note Regarding Forward-looking Statements

This press release contains “forward-looking statements or information”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements about the Company and Kirobo Inc.’s future plans, expectations and objectives.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning the future plans of Kirobo Inc. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the benefits and uses of our software, the pricing and availability of our software, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, consumer sentiment towards the Company’s products and services, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology changes on the products and industry, the ability for Kirobo Inc. to complete its business objectives, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Source : Plato Data Intelligence

Continue Reading

Blockchain

Had Enough of Crypto? Here are Some Alternatives!

Published

on

During the pandemic, most of the people that were introduced to trading got stuck to what they started their trading career with – namely either crypto or stocks. Now, if you’re a seasoned trader, you already know that both of these can get quite stale (or even expensive) after a while.

As such, one starts to look for alternatives. But, if you’ve dabbled only in cryptocurrency for the past two years, you might have a hard time knowing where to pick up your next profit generator, so to speak.

As such, in the following lines, we’ll take a look at some alternatives to crypto, alternatives that are often provided by most Forex brokers on the market.

Precious Metals

As most articles on the Internet say, gold, silver and other precious metals will never depreciate in value in the long run. In short, if you invest in gold, it doesn’t matter when, you create yourself a safety net that will be profitable in the future, no matter what.

Nowadays, thanks to technology, you can either own physical gold or invest it with the help of an online broker.

Binary Options

When it comes to trading options, binary options are usually unknown to beginner traders. To put it bluntly, this type of trading either pays the trader a fixed amount or nothing at all – this is one of the reasons why many may not many trust binary options.

However, it can be profitable to those that know how to read the market and, most importantly, don’t invest everything they have into a single trade.

The Stock Market

Clearly, one of the best alternatives to crypto is the stock market, as it works somewhat similarly and can be learned about quite easily. After all, almost everybody out there knows that trading stocks can be the best way to get rich, regardless of whether they actually trade them or not. 

The advantage is that the stock market is not as volatile as the crypto market and, in most cases, stock investments will round up a profit in the long run. 

Forex

When you don’t have success with crypto, it’s time to turn to Forex. Even though they’re quite similar, they do come with a series of differences that every trader must learn of and adapt to. 

Overall, trading Forex can be very rewarding if done carefully. It is less speculative than crypto and, obviously, much less volatile. This is also why most traders that began their career with crypto have now made the transition to Forex.

The Bottom Line

In the end, almost everything out there is an alternative to crypto if you’re savvy enough in the field. For example, you can invest in real estate, art, collectibles (trading card games are still extremely popular), and so on.

Even if you want to stick to the same broker you’ve been using with crypto, you still have plenty of trading options. Nowadays, most brokers don’t stick to a single trading instrument and allow you to take it slow with crypto and grow big with CFDs and the likes.

 

Source: Plato Data Intelligence

Continue Reading
Energy34 mins ago

TEM Program Scheduled for HMN Li Project

Energy37 mins ago

ALYI Announces M&A Opportunity To Accelerate And Diversify EV Market Share Expansion

Energy39 mins ago

Ascend obtient gain de cause dans une affaire de brevet portant sur un additif pour batterie au lithium-ion contre Samsung SDI

Energy40 mins ago

PGA TOUR Champions and Dominion Energy announce Charity Classic Pro-Am to be named in memory of Tom Farrell

Energy44 mins ago

EY Announces Sam Thigpen of Sapphire Gas Solutions as an Entrepreneur Of The Year® 2021 Gulf Coast Area Award Winner

AR/VR50 mins ago

The Pistol Whip Smoke & Thunder Update Arrives Next Week

Energy1 hour ago

Global Ethanol Market to Reach $100.3 Billion by 2024

Energy1 hour ago

Over US$ 643 Mn Opportunity to be created in 2031 as Structural Insulated Panels Market Renews Pre-pandemic Growth Status

Energy1 hour ago

Global Diphenylmethane Diisocyanate (MDI) Market to Reach 8.7 Million Metric Tons by 2026

Esports1 hour ago

CoD: Mobile is ‘on track’ to make more than $1 billion in 2021

Energy1 hour ago

Global Citric Acid Market to Reach $3.9 Billion by 2024

Energy1 hour ago

ING Leads $300 Million Expanded Syndicated Financing for Precious Metals Merchant Auramet

Energy1 hour ago

Global Bromine Market to Reach $3.8 Billion by 2026

Energy2 hours ago

IIoT World’s Energy Day – an event you don’t want to miss in August

Energy2 hours ago

Global Coupling Agents Market to Reach $581.4 Million by 2026

Energy2 hours ago

PLI Card Marketing Solutions Boosts Minimum Starting Wage to $17 in Asheville, NC

Energy2 hours ago

Global Aluminum Electrolytic Capacitor Market (2021 to 2026) – Featuring Cornell Dubilier, Vishay Intertechnology and Panasonic Among Others

Esports2 hours ago

League players attempt to set record for largest shield on one champion with over 38,000 shielding

Networks2 hours ago

SK hynix to create US-HQ’d NewCo for Intel’s outgoing $9bn NAND biz

Esports2 hours ago

Cypher player highlights wall bang setup on Ascent’s B site

Private Equity2 hours ago

Five questions on Pritzker Private Capital’s largest fund

Esports2 hours ago

Nintendo set to buy back more than $900 million in shares following profit dip

IOT3 hours ago

How To Enhance IoT Security: Learning The Right Approach To A Connected Future

AR/VR3 hours ago

Deadly Defense Horde Mode now Available for Drop Dead: Dual Strike

Esports3 hours ago

Shroud quits CS:GO game after playing just one round

Esports4 hours ago

Vitality part ways with VALORANT player LoWkii

Esports4 hours ago

T1 qualifies for 2021 LCK Summer playoffs

Energy4 hours ago

Seaspan Deepens Its Creative Customer Partnership With A Major Liner Customer By Forward Fixing Five-Year Contracts For Ten 10,000 TEU Containerships

Energy4 hours ago

Global Medical Plastics Market to Reach $28.2 Billion by 2026

Energy4 hours ago

Nestlé’s Global Headquarters In Switzerland Are Fitted With SageGlass Smart Glazing

Trending