How you can use it to make your crypto portfolio impressive and with no efforts involved in it.When I first encountered this Airdrop stuff, the 1st question that came to my mind is that “why someone will give their money for free?” but then, my curiosity flooded my mind, and then I started researching about this.Believe me, guys, there are lots of opportunities in this Internet world if you are eager to find that one, and Crypto Airdrops are one of them where you can literally earn profits. So in this article, I will try to answer all the questions about Airdrops and try to Destroy the myths about them.In the cryptocurrency world, an Airdrop stands for free crypto tokens, which you can earn by doing simple tasks on different social media platforms. They commonly occur up to 1 to 3 months before the ICO (Initial Coin Offering). The reason for an airdrop is that new projects want to create awareness for their project, and they also want to attract new potential investors for their upcoming project.Why are Crypto Projects Giving their tokens away for free ?The main goal is to get users who spread information through different social media channels about their projects. Mostly it’s about sharing and liking posts on their social media channels. This will raise awareness and attract new potential investors. A high user base has a positive impact on the token value. That’s the reason why they are giving you tokens for free — That’s the way how they promote their project!There are different types of airdrops:Initial-Coin-Offering (ICO) — These airdrops take place before the ICO (Initial Coin Offering). Such airdrops need a long time period and can also be unsuccessful if the project doesn’t collect their Soft Cap in their ICO.Holder — Companies will…
Bitcoin
Joining The Bitcoin Frenzy- The Future of Cryptocurrencies
With the advent of cryptocurrencies into the mainstream financial system, it’s not strange anymore when you can see that the front page of a business newspaper contains the headlines, “Bitcoin is the best asset class of 2020,” “Investors flock to Dogecoin after Elon Musk’s tweet” or “Tesla will now accept Bitcoins as payment.” A combination of various financial constraints and favors as well as the support of a mighty few have helped in lifting up the price of these currencies to unprecedented heights. While writing this, Bitcoin is just shy of reaching an all-time high of 50,000 US dollars, which I believe, it can easily touch given the current euphoria continues on. But does the current mandate of many investors that provides cryptocurrencies such high valuations justifiable, or is it just another bubble ready to burst? In this article, I will try to declutter some of the mist and present the true scenario. So, let’s get started.Photo by Bermix Studio on UnsplashBefore we know how Bitcoin or cryptocurrencies as a whole are intertwined with the economy, it is prudent to understand how Bitcoin works and how it is created. Basically, Bitcoin is based on blockchain technology. In simple terms, it’s kind of like a network where the data shared or transaction details between any two nodes of the network are stored in the form of blocks. These blocks are then connected by chains or links, which shows the continuity between the blocks. These blocks are decentralized, and hence it is not stored at a particular node or location. When Satoshi Nakamoto created Bitcoin or the blockchain network as a whole, certain protocols were implemented, which ensures that the transactions in the blocks can never be altered, and the issue resolving mechanisms would ensure that there is no inconsistency between the…
What Is The Future Of Cryptocurrency?
The last year become one of the best years in the history of cryptocurrencies. Bitcoin reached new highs, Ethereum 2.0 (phase zero) was launched, institutional investors entered the crypto market and PayPal announced support of crypto. All this says that the year 2021 will be unique for the crypto community. So, learn more about the future of cryptocurrency.What kind of crypto trends to expect this year? On which cryptocurrencies you should keep your eyes on? How to make money with cryptocurrency? Which cryptocurrency is best? Is cryptocurrency dead? Continue to read and find out!We have witnessed a significant increase in crypto adoption. During this year the crypto market will also remain attractive to all investors including institutional ones. But not only Bitcoin will fall under the spotlight.Polkadot is an open-source protocol that allows data transfer between different blockchains. The main goal of the project is to create a fully decentralized and private network for developing applications and services.The number of Polkadot projects that have already risen to prominence is remarkable. Moreover, after DOT listing on the leading crypto exchanges, Polkadot quickly entered the top 10 cryptocurrencies by market capitalization. In 2021 we can expect Polkadot’s truly meteoric rise that will generate outsized returns to its supporters.Cardano is a very ambitious project. Its founder Charles Hoskinson says that Cardano’s main goal is to provide the tools for creators and innovators that could help to change the world for the better. This crypto project has been around for several years and in recent months it has significantly increased its influence and attracted investors’ attention.Cardano’s smart contract era is well on the way. The team is working hard on launching the Goguen era that will bring the implementation of smart contracts and the ability to create decentralized applications. The first step was already…
How is Ethereum different from bitcoin?
Digital currencies have revolutionized how financial transactions work. All this started with the rise of cryptocurrency Bitcoin, and ever since, we have seen a surge in the number of cryptocurrencies in the market. But if we have to take the prominent names, Bitcoin and Ethereum will first strike the mind. Bitcoin is a pioneering cryptocurrency that triggered the rise of peer-to-peer currency exchange, and later many other cryptocurrencies were making their way into the market. In this blog, we will be focusing on Bitcoin and Ethereum.While Ethereum and Bitcoin both are cryptocurrencies, the use of Ethereum is not merely limited to financial value; rather, it is also a DLT platform that aids the creation of applications. Ethereum developers also work on creating smart contracts, which are digitized and automatic.Another line of difference between the two is that both BTC and ETH are global currencies. Still, the primary objective of ETH is not to establish itself as an alternative monetary system but also facilitates and monetizes the operation of dApps, and smart contracts.From the above discussion, we can conclude that the use of Ethereum’s multiple utilities as a cryptocurrency and development platform, Ethereum developers are actively using it to create various applications that can promote the use of Blockchain.The utility of Ethereum can be deciphered from the fact that there are 247 Ethereum related repositories on Github compared to Bitcoin’s 4. The repository is where the developers collaborate via Github to access project information.In addition to this, Ethereum is also backed by an alliance of Fortune 500 companies that promote the use of Ethereum and the development of applications based on Ethereum. This collaboration is called The Enterprise Ethereum Alliance.With so many companies and developers keen on this technology, we can certainly say that Ethereum is ruling the charts. All this…
Bitcoin: $ 100,000 this year?
Bitcoin (BTC) has reclaimed $ 50,000 and hit a new high. Even Bitcoin critic Peter Schiff no longer rules out a rate of 100,000 US dollars. The market update.After the Bitcoin price exceeded the threshold of 50,000 US dollars (USD) for the first time on February 16, profit-taking ensued. Now BTC has conquered the psychologically important brand again — and set a new price record at USD 50,900.Since the US company Microstrategy announced its Bitcoin coup in late summer 2020, the number of imitators has been increasing. Above all, Elon Musk’s decision to invest part of the Tesla reserve in BTC had recently given the Bitcoin price a fresh boost. Microstrategy itself announced new Bitcoin purchases on February 16.Nevertheless, the majority of financial executives in the economy still seem to be more skeptical about Bitcoin. According to a recently published survey by the market research company Gartner, only 5 percent of the CFOs surveyed can imagine investing in BTC with their company in 2021. Of the 77 financial managers surveyed (including 50 CFOs), 84 percent named the large fluctuations in the price of Bitcoin as the biggest stumbling block that made them shy away from investing in digital gold.Eighty-four percent of respondents said Bitcoin’s volatility poses a financial risk. It would be extremely difficult to mitigate the kind of price volatility that the cryptocurrency has seen over the past five years.Alexander Bant, Chief of Research Gartner Finance38 percent of those surveyed also complained about the slow adaptation of Bitcoin as a means of payment.After all: 16 percent plan to hold BTC one day. Five percent want to get into Bitcoin as early as 2021. Only one percent have such intentions for the period 2022–2023. Nine percent are not considering a BTC investment before 2024.Companies from the technology sector in particular…
Will Bitcoin Continue Upward Momentum? On-Chain Analysis Show The Way
Bitcoin fell sharply over the weekend and large investors, in particular, took advantage of this opportunity to buy BTC. At the same time, many miners kept their hands still and didn’t sell Bitcoin.After Bitcoin and many other altcoins fell sharply last Sunday, investors have seized the opportunity and aggressively bought back. Within the last 48 hours, the Bitcoin price rose sharply and crossed the 50k mark, making a new all-time high. On-chain data indicate that we remain in a strong upward trend.Bitcoin Miners Holding BitcoinIn the past, BTC miners have repeatedly provided BTC corrections by selling their Bitcoins. But, now it appears that they have almost stopped selling. Currently, the level of miner sales is at a similar level before Bitcoin price rise at the end of 2020.This trend is clear when you look at the data from CryptoQuant. Miner BTC selling’s are currently at a multi-month low, and in recent weeks, only a few miners have sold Bitcoin on the market.Bitcoin Whales Fill Their PocketsMajor investors have taken advantage of the decline in prices in recent days and aggressively bought Bitcoin. Data from Whalemap shows that Bitcoin is developing a strong support zone between the price points of $46,600 and $48,500. It is precisely this price level that Bitcoin whales have used in recent days to further expand their BTC holdings. Currently, the price is above this region, which means there is a high likelihood of a major upward movement.BTC Upward MomentumAccording to Ki Young Ju, CEO of crypto analytics company CryptoQuant, there are enough stable coins on the crypto exchanges to fuel another price rally. In the crypto market, capital is often stored in stable coins instead of cash or in a bank account, because it is much easier and faster to buy on crypto exchanges. Yu believes…
7 Best Binary Options Trading Brokers in Nigeria + Free Signal Provider
Binary Options trading is one of the fastest and easiest ways to make money tradingIn this post, I will be showing you the best 7 Binary Options Trading Platform available to Nigerians.I personally went through 23 Options Trading platforms to come up with 7 of the very best. All 7 companies are registered and closely regulated by regulatory bodies to ensure that their users are well catered for.At the end of the post, I will also be showing you how to trade profitably.So, let’s get started.Before I give you the list, I thought I’d throw light on the risks.Like I said in the intro, Binary options is one of the fastest and easiest ways to make money through trading. You can literally grow $100 to $3,000 within 3 minutes, as seen in the video at the end of this post.But it carries a high risk because you can lose all the $100 within 3 minutes. Thus, it’s always advised you start with a demo account, practice to know if it’s best for you before putting it in your own money.However, the question asked by most people is not on winning or losing but on how easily they can make a deposit and how fast they can make withdrawals when they have made a profit.If you choose to trade binary options, it’s very important you choose a reputable one. This is because there are quite a number of scam option companies out there that let you make a deposit but not withdrawalsBut I also got you covered here.I have personally made deposits and withdrawals from these 7 brokers, tested out their platform, spoken with their customer service, and found them to be very efficient.Now let’s get to it.Note: Most binary options trading company does not, which to be addressed as binary…
Trezor T vs Ledger Nano X- Find Out Which is the №1
Trezor TCost: $170Read ReviewVisit SiteNano XCost: $119Read ReviewVisit SiteThe wallets will be compared based on the following featuresPriceSecurityCoin SupportSetupScreenSize and DesignThe first on our list is the price, this is usually the very first thing that’s considered by every rational buyer.The Trezor Model T costs $170, which is $51 higher than the Ledger Nano X at $119. The model T price tag is not a friendly one despite its touch screen and increased coin support.The Nano X has more to offer at a lower price, so in this category, I will pick the Ledger device over the Trezor model T.Both wallets provide maximum security when it comes to storing your cryptocurrencies. However, hardware wallets are more vulnerable to physical attacks. It’s a tie.Trezor T Coin SupportThere are over 1000 digital assets supported on the Tezor T, including ERC20 tokens. Below is a list of some of the popular coins:Bitcoin (BTC)Ethereum (ETH)Ripple (XRP)Litecoin (LTC)Bitcoin Cash (BCH)Stellar Lumens (XLM)Dash(DASH)Ethereum Classic (ETC)Nano X Coin SupportNano X supports over 1000 digital assets, including ERC20 tokens. Some of the main supported are;Bitcoin(BTC)Ethereum(ETH)Ripple(XRP)Stellar(XLM)Dogecoin(DOGE)Litecoin(LTC)Ethereum Classic(ETC)Zcash(ZEX), etc.Both wallets match each other when it comes to coin support. Trezor had added some popular coins that were missing in previous versions e.g., Ripple, Stellar, and Monero.Setting up both wallets is quite easy and will not take you more than 5 minutes. However, the Trezor device needs to be connected to a computer to power on. On the other hand, the Nano X comes with an inbuilt battery making it wireless.You will be required to set a PIN by both wallets, after that, write down your recovery seed and keep it in a safe location.The Trezor T touchscreen makes it stand out in this category. Although its small screen size makes it difficult for a person with large fingers to operate.However,…
Uber plans to integrate Bitcoin as a payment method
The American company Uber is one of the most extensive intermediary services from the field of passenger transportation. San Francisco’s company once started as a limousine service, but today serves the entire range of driving services. Its success turned Uber into a company that generates double-digit revenues in billions of dollars annually. As an intermediary, Uber receives about 25 of the respective ride price. And according to current reports, this price could be paid in Bitcoin (BTC) in the future. As Uber CEO Dara Khosrowshahi announced, the company is dealing with the largest cryptocurrency by market capitalization. With this, Uber could join the ranks of prominent companies that are currently making headlines around bitcoin.In a recent interview with CNBC, Uber CEO Dara Khosrowshahi said that the company is looking into cryptocurrencies as a means of payment for its services. Specifically, Uber evaluates the use of Bitcoin as another option that the company’s customers can use to pay for the services they book. Khosrowshahi stated that the company already accepts local currencies and therefore does not make a difference to cryptocurrencies, provided that customers demand this option. And quite obviously, there is a demand for it. The long-time CEO said that this is good for the ride-hailing company’s business, and drivers and customers can also benefit from digital currencies.However, Dara Khosrowshahi added that Uber will not make cryptocurrencies a part of its own investment strategy, as many other companies do. He added that the company generally does not rely on risky transactions. “We will keep our money safe. We are not in the speculation business,” said the 51-year-old Iranian. For Uber, however, bitcoin is not just a publicity stunt, which would also speak against the company’s serious approach. Instead, the ride service provider is planning a long-term deployment of the cryptocurrency…
Microstrategy To Raise Additional $600 Million To Buy Bitcoin
Analytical software provider MicroStrategy Inc. has announced the next round of sales of $600 million of convertible bonds maturing in 2027.The buyers of the securities will be accredited investors. The company will use the funds to buy Bitcoins.MicroStrategy will offer convertible notes without collateral. Interest on them will be paid every six months, starting in August 2021.The maturity date will come on February 15, 2027, if the company does not buy back or convert the securities earlier. After February 20, 2024, MicroStrategy may buy back all or part of the notes.The securities will be converted into cash, Class A ordinary shares, or a combination of these assets.MicroStrategy also plans to give initial bond buyers a buy option within 13 days of the first issue. It includes additional notes of up to $90 million. The company said that the final offer depends on a number of conditions.MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes $MSTRhttps://t.co/pljBkX7jzF- Michael Saylor (@michael_saylor) February 16, 2021Recall that in February 2021, MicroStrategy additionally purchased 295 BTC with a total value of $10 million. In total, MicroStrategy owned 71,079 BTC.The price of Bitcoin has updated the historical all-time high, breaking the $50,000 mark.In December 2020, MicroStrategy announced its intention to raise $400 million for additional investments in digital gold (BTC) through a bond offering. MicroStrategy later raised the offer to $550 million.