Your Cryptocurrency Newsletter for December 16, 2020

If you are interested in cryptocurrencies, this newsletter is for you. [img]  [Learn more about RevenueStripe...](   [Learn more about RevenueStripe...]( [img]( [FeedBinary Newsletter]( [Top Reasons Why Cryptocurrency is the Future of Investing: Crypto Capital]( We all are living in a digital world where financial transactions are conducted on the web. In the last few years, investors have shown excitement about this option because it allows them to work within their convenience. Secondly, with the abundance of investment options on the web, they can rest assured about making different choices. If you are reading as a prospective investor, you’ve come to the right spot. Secondly, if you have been sifting through articles related to online payments, you must have gone through the concept of “cryptocurrency.” For your understanding, cryptocurrency is an aggregation of virtual currencies that are protected with cryptography. The most amazing thing to note about cryptocurrency is, it cannot be overspent or counterfeited. Because the digital currency is decentralized, every transaction is stored in blocks of computers known as blockchain technology. This currency provides the privilege of anonymity, so people use it or transactions when they are repulsed by the interference of the third party or the government. With the global popularity of virtual currency, the concept of investing in cryptocurrency has exponentially increased. With just a few strong reasons, experts have claimed that cryptocurrency is here to stay. As we move through this digital age, all of us do applaud the incredible benefits of settling for this option. Here, in this blog, we will discuss a few strong reasons that will cement the reputation of the cryptocurrency: -   The Returns Are Amazing Although they have been around for a relatively short time, cryptocurrencies have proved their strength to the world. This is because investing in them is the easiest way to earn skyrocketing profit in a short time. As compared to stocks that will only rise to 20$ in some year, the investment you make in cryptocurrency can easily magnify 100%. Despite being a risky option today, people do not get tired from diving full throttle in this investment option. However, a person who does invest with a winning strategy might be at the receiving end of the damage at some point in time. -   High Volatility You must know that cryptocurrencies are highly volatile. Although this might sound negative to the investors, they will begin with a proper work approach before considering this option. Keep in mind that strategy is paramount in the world of trading. Even if you have a lot of money in your hand, not having a smart strategy will cause you a lot of damage. If you invest without weighing the pros and cons, you will be putting a lot of money at stake. -   Innovation potential In the world of cryptocurrencies, prices can change within the blink of an eye. This means every day; you will wake up to a new rate of cryptocurrencies. However, this is also often the door to earning huge profits. This is why innovative minds are always invested in coming up with a smart strategy to invest in cryptocurrencies. Today, many crypto trading tools are being used with artificial intelligence to predict future trends. This means we are much likely to witness cryptocurrency advisory tools in the future that will not only save time but will also suggest the best time to invest. Today, if you sift through the web, you will find a plethora of tools that work as a catalyst to speed up the process. Because no investor wants to risk putting a lot of money in one box, the predictability of a trend can be of great help. Here are some of the current crypto tools in the existing market: - Price Prediction Tools - Mining Tools - Block Explorers - Analytics Tool - Portfolio Trackers - Exchanges - Trading Bots - Research Report Tools  Sooner than later, tools that identify the future rate of the cryptocurrencies will be available for all of us. -   No Government Interference The most amazing benefit of investing in cryptocurrencies is, they are not controlled by the government. This is why more people have decided to invest in cryptocurrencies. Secondly, people are swooning over-investing in cryptocurrencies is because they allow everyone to enjoy this platform without any discrimination. Once you become a part of the crypto world, your identity remains discreet, and you can do everything anonymously. Furthermore, transferring funds overseas is easier than ever because it can happen as fast as within the blink of an eye. -   High Liquidity For your information, cryptocurrencies are chanted as highly liquid. In simple words, it is easy to sell and purchase cryptocurrency whenever you want. In some trading options, you will get the chance to auto trade. This means the process becomes even more convenient, and you can sleep without getting disturbed. This is why the cryptocurrency is here to stay forever. For many people, it is all set to become the future of investment. [Read Full News]( The post [Top Reasons Why Cryptocurrency is the Future of Investing: Crypto Capital]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Blockchain And The Feel Good Factor]( ‘Purpose-Driven Blockchain’, it has become increasingly obvious that there is a growing global movement of people, companies, and groups, seeking to collaborate with innovative blockchain projects that address universal technical challenges, increase adoption, and develop public goods. Is there money to be made? Yes. However, the social impact of emerging technology is being prioritized by many. Charities Embrace Crypto To Achieve Their Missions Speaking with James Harrington, founder and executive director of the Ugandan Water Project, he noted, “it’s good to see how blockchain is creeping towards solutions beyond currency and finance. My connection to water development in Uganda has exposed me to the great need for blockchain asset management systems for land and equipment. Theft through the legal system is a common occurrence that robs vulnerable populations of the few assets they have fought for and prevents them from establishing needed leverage to catapult themselves out of poverty. Blockchain will play a key role in managing things like real estate titles in a way that is not vulnerable to bribes and other predatory practices. Like many charities feeling the pressure to stay on course with funding, Harrington looked for alternative methods for people to donate to his charity. Cryptocurrency, while uncharted territory for the charity, proved to be light in the darkness.  Harrington added, “once we researched the market and made sure everything was legal and above board, we found trusted partners, to help make it really simple to make cryptocurrency donations”. His charity now works with The Giving Block and mWater.The intersection of old problems like contaminated water and new tools like blockchain and cloud-based data is making it possible for all of us to make a difference in the water crisis. Same Mission, New Tech Ethereum Classic Labs (ETC Labs), too, is on a mission to fulfill the promise of blockchain to improve people’s lives. Looking beyond how charities leverage blockchain and cryptocurrency, Ethereum Classic Labs (ETC Labs) stands out for its socially impactful investments in projects and initiatives that further financial inclusion, women’s participation in technology, and wildlife conservation. When asked why they are passionate about these particular investments, the ETC Labs team said they are on a mission to make Ethereum Classic and other chains work to benefit people’s lives and work to deliver social and economic value. As blockchain is still seen as an emerging technology, there is more opportunity to make a greater impact in emerging markets and developing economies. Their work shines a spotlight on emerging markets and how one can more quickly and more effectively deliver economic values. As part of these social impact efforts, they issue grants to propel research and development in scalability, storage, interoperability, and adoption in the greater blockchain economy. ETC Labs is now supporting three global initiatives promising to improve the health and finances of citizens across the world, in addition to their $1 million commitment to UNICEF’s Innovation Fund. Such initiatives include Pngme, Prescrypto, and OS City. Pngme has been working with banks and other financial institutions in West Africa to encourage the use of Ethereum Classic to put each person back in control of their own financial data and receive quicker loan approval to foster business growth. Prescrypto uses the ETC blockchain to keep track of patients’ prescription history and allow it to be safely sent to pharmacists. Demonstrating impressive growth and usability, Prescrypto has averaged 12,000 prescriptions per month. OS City is a Latin America-based govtech company that leverages blockchain and artificial intelligence to help governments improve efficiency and trust by increasing transparency and accountability in the allocation of public resources. Using tools in the ETC Labs accelerator, OS City empowers civil servants and citizens in developing countries with access to state-of-the-art technology to track and trace data; using blockchain to validate the work of craftspeople working in far-flung enclaves of the developing world — from Latin America to India, China to Malawi. UNICEF Innovation Fund At the beginning of this year, ETC Labs teamed up with the United Nations’ Children Fund (UNICEF) Innovation Fund by providing $1 million to support various blockchain-based social impact solutions. Allocating $750,000 to global startup graduates of UNICEF’s Innovation Fund and provide $250,000 directly to the Fund itself. Funding provided by ETC Labs helped support various ongoing projects such as W3 Engineers, a Bangladesh-based company that provides connectivity solutions using open-source and blockchain technology in emerging markets that lack Internet or cellular network coverage. Success, related to social impact using blockchain and regulation “Our approach to social impact is to create financial inclusion. We’re trying to do that in a way where regulation can inspire entrepreneurship and innovation with ensuring security and functionality for consumers”, said Terry Culver, CEO, ETC Labs. Having served as an Economic and Technology Policy Advisor for the United Nations and for governments in Ghana, Namibia, Kenya, Rwanda, Ethiopia, India, and Bolivia, among others, Terry is an expert on cryptocurrency and blockchain policy and regulations. [Read Full News]( The post [Blockchain And The Feel Good Factor]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Bitcoin Braced For Near-Trillion Dollar Stimulus Bill And Fresh Fed Firepower]( Bitcoin and major cryptocurrencies including ethereum, Ripple’s XRP, litecoin and chainlink are eyeing two huge pillars of support in the run up to Christmas.The bitcoin price, boosted along with equity markets by massive government stimulus measures throughout 2020, last month climbed back to its 2017 all-time highs of around $20,000 per bitcoin.Now, after a bipartisan group of lawmakers outlined details of a $908 billion stimulus package on Monday, traders are closely watching for fresh guidance from the U.S. Federal Reserve on its emergency bond-buying programme as its two-day meeting kicks off today. Lawmakers in Washington have finalized a $908 billion coronavirus aid framework, although hurdles remain and the bipartisan group faces an uphill struggle to get leadership from either party to agree to the stimulus bill—something the group wants before the end of the year.Meanwhile, the Fed is this week expected to signal it will continue the $120 billion per month of debt purchases it launched at the start of the pandemic until the recovery meets certain conditions at the conclusion of its two-day policy meeting tomorrow. The language will replace the ‘over coming months’ guidance and offer the Fed more flexibility on the timing of tapering as the economic outlook evolves,” Morgan Stanley MS +3.3% economists wrote in a recent note.The rising possibility of a new stimulus deal, combined with further action from the Fed, is keeping investors on their toes this week. With a huge amount of bitcoin in circulation right now, I expect to see the bitcoin price hold tight this week, wavering in the $19,000 range,” Artur Schaback, the co-founder of peer-to-peer bitcoin and cryptocurrency exchange Paxful, said via email.Next week, maybe be a different story though. As the Santa rally continues, we may be looking at a significant price correction,” Schaback said, adding “it is time for sell-offs. Looking to next year, the bitcoin and cryptocurrency community is feeling bullish due to a combination of government stimulus money flooding the system and bitcoin’s continued development as a safe-haven asset.Bitcoin should have a great year thanks to the macro conditions caused by the massive government stimulus packages of 2020,” Ilia Maksimenka, the chief executive of Estonia-based cryptocurrency wallet provider and decentralized finance platform PlasmaPay, said via email, adding the huge injection of cash into the system has also boosted bitcoin’s reputation as digital gold. The indicators for bitcoin in 2021 are extremely positive. With governments around the world printing huge sums of money in response to the Covid-19 pandemic, the macro trends for fiat against bitcoin strongly favour ‘digital gold’ over the coming year. [Read Full News]( The post [Bitcoin Braced For Near-Trillion Dollar Stimulus Bill And Fresh Fed Firepower]( first appeared on [Feed Binary](. 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