CategoryBitcoin News

Retail Investors Will Drive A $1 Million Bitcoin Price

To HODL bitcoin means to love bitcoin. Love, as the primary experience for which we were created, should be spread like pollen to the wind.
You must educate your friends and family about bitcoin if you are truly to love them. They must be reminded every time they experience a negative outcome due to the fiat currency. In a society that has a falling monetary system, knowledge is power. This is the key to maintaining stability in your family.

One of the greatest benefits of bitcoin is its ability show its merits by rewarding, encouraging people who have bitcoin to be even more aware of its virtues. Many bitcoiners have found that communication, podcasts, articles and other means of sharing their knowledge are key to their journey. However, this information shouldn’t be kept to themselves.

Once you have a basic understanding of bitcoin, it is essential that the responsibility to promote, share and defend it be instilled within every Bitcoiner. We can still be beacons of truth and direction in the midst of chaos and confusion. Retail investors can demonstrate the positive feedback loop that bitcoin growth and investment provides by being purposeful. There is a lot of information available for those who are interested in humanitarian benefits. For technology enthusiasts, the possibilities are endless with bitcoin.

It is up to those who are already orange-pilled, however, to spread the message about bitcoin to others. It takes a concerted effort in order to reach out, educate, and empower those who haven’t been reached. This effort will allow us to bring bitcoin to the masses and increase its adoption. It will also drive the bitcoin price higher. As the self-rewarding loop of ‘number go higher’ technology continues to propel us towards hyperbitcoinization, this will in turn bring more interest.

Retail investors can drive us to $1 million in bitcoin prices by showing bitcoin to others. Or bitcoin will just show itself.

Teaching Financial Literacy In The Age of Bitcoin

Recently, I spoke with high school seniors who were transitioning to college. We discussed ways we can improve the education system. They shared that they didn’t feel ready for the real world. To understand their meanings, I began asking them questions. Their lack of financial literacy shocked me when we came to the subject of financial literacy. They didn’t know the difference between a credit and debit card. One student didn’t know that they were responsible to pay back money on a credit card.

Some members of Congress are focusing on banning bitcoin. While the federal government shouldn’t be prohibited from using innovative technologies, it does have a role to fund age-appropriate financial literacy courses for children in kindergarten through 12th grade. This is something I feel is morally imperative as an educator and candidate for California’s 30th congressional District in 2022. Our youth are being set up for failure by allowing them to leave high school unprepared.

These courses will teach you the basics of investing, saving and budgeting. This will help you to be financially responsible. These classes give students concrete skills that they can use in the real world. California’s current state standards require that all public school students complete a semester-long course in economics. This class teaches the big picture but does not address practical skills needed to manage money.

While students learn about international trade policy and monetary policies, they don’t learn how to locate an apartment for rent or calculate interest on credit cards. Personal finance classes are essential for students. Students must be able to tell the difference between a credit card and a debit card when they leave high school. Credit cards have a high interest rate and companies want people to fall into debt traps. They will make minimum payments to keep the principle intact. They must be able to balance risk and reward, as well as factor in inflation.

Although every student should be taught financial literacy, there is an inequity in how many students are actually taught this skill. Federally funded programs ensure that all students receive a high-quality education, regardless of their family income. These classes are not available to all students. Young people learn finance from their families or have to do it themselves. This may not be an issue for children who were raised in wealthy families.

However, it may be an issue for those who come from less fortunate backgrounds. These skills are a recipe for failure for young people. They are at risk of being preyed upon by predatory lending. They are at risk of falling prey to payday-loan and check-cashing companies that promise low service fees and rates, but which they never receive. They will be shocked by the minimum account balance fees and penalties for accidental overdrafts. Children who grow up in poverty have a fighting chance of financial literacy.

A solid foundation in financial literacy is essential to navigate a complex world. Bitcoin has the potential for revolutionizing the economy by changing the way we invest and finance. Although it wouldn’t destroy bitcoin technology, the federal government could ban it. However, this would make the American economy less attractive to investors and foreign markets. Economic prosperity is not possible by stifling innovation.

This technology is here to stay. Any properly-run financial literacy course should teach students about Bitcoins and cryptocurrency to enable them to make their own choices. No teacher should advise students to invest in stocks, bonds or bitcoin. Teachers’ job is to educate students so that they can make informed decisions.

Bitcoin ban calls are detrimental to the economy. They also ignore individual Americans’ rights to manage their money how they choose. These calls ignore the root problem. Over half of Americans live from paycheck to paycheck. The government must fulfill its obligation to provide financial education to every child. Everyday Americans have invested in bitcoin to create real wealth. Regular people have it hard enough to make ends meet. It is absurd to imagine that the government could pass a ban that would instantly wipe out all that wealth. I will support financial literacy programs with federal dollars.

I will also fight for bitcoin communities against any bans. We must all work together. Your representatives’ position on Bitcoin. Are personal finances included in the educational standards of your state? Find out. Write letters. Write letters to support candidates that reflect your values.

Cryptocurrency Claims Market Cap of $2 Trillion After Bitcoin Gains

As Bitcoin continues its upward climb with the addition of other cryptos such as Dogecoin, XRP and Cardano to the market, the total market value for cryptocurrencies has surpassed $2 trillion.

First reported by, the global value of cryptos reached $2.06 trillion over the weekend as per popular cryptocurrency tracking platform, which tracks more than 8,800 coins in real time. Bitcoin’s highest ever valuation was $48,152, following the massive plunge.

Cardano was also on the rise, claiming the third-ranked spot after Bitcoin and Ether. This is nearly 47 percent higher than its value over the past seven days. A popular crypto Binance coin saw a 14 percent increase in value. XRP rose 61 percent, and Dogecoin gained 18 percent.

This was despite crypto losing the amendment to crypto tax reporting rules in the U.S infrastructure bill. Despite this loss, cryptocurrency is still being sought out by many people around the world.

In a note published by Bloomberg, Greg Cipolaro, NYDIG Global Head for Research, stated that the price of Bitcoin was remarkable resilient after the news.

This price action was interpreted as highly bullish by us. We also believe that the recognition of crypto industry by legislators was ultimately a legitimate event that should give investors confidence that the industry will continue to thrive.

Does Bitcoin Make Payments Anonymous?

Is Bitcoin truly anonymous? Many people are curious about this question, both for good and for bad reasons. In the last year, cryptocurrency has been a popular choice for investors, particularly when Bitcoin, Ethereum, and even Dogecoin (meme-based) showed signs of incredible growth.

Bitcoin touched its highest-ever value, crossing a staggering $60,000 price in April 2021. Some still believe that Bitcoin anonymizes transactions, but is it true?

Let’s start by looking at what the largest and oldest cryptocurrency in the world has got to say about anonymity.

On its website, Bitcoin says that all of its transactions are stored publicly and permanently on its network. It states that anyone can view the transactions and balance of any Bitcoin address. The company clarifies, however, that the identity behind an address is not disclosed until it is sent out during a purchase or under other circumstances.

This is also an example of why Bitcoin addresses should be used only once. It states that you are responsible for ensuring your privacy and following good practices.

Pseudo-anonymous

Ben Weiss was the co-founder of CoinFlip and the COO of CoinFlip. He stated that although many people believe Bitcoin transactions are anonymous or untraceable they simply misunderstand the technology. Weiss stated that the oldest currency in the world was not anonymous and suggested that it could be called pseudo-anonymous.

Why? Weiss explained that you cannot buy large amounts of Bitcoin without KYC, ID or driver’s licences. Transactions are almost impossible if there is no identification check.

According to the 41-year-old entrepreneur, the myth that Bitcoin is anonymous comes from the belief that it is often associated with illegal activity. Therefore, it must be protecting the identity of those trading in it.

‘Bitcoin is actually more transparent in many ways than typical things in the financial system,’ he was quoted by BusinessInsider as saying.

Ledger

Not only Bitcoin, but even the most private cryptocurrency like Monero, DASH and Verge can be traced to a certain degree. Every transaction is tracked and stored on a ledger. Anyone can see it. The ledger records the amount, time and wallets from which the money was sent or received.

It is simple: you are anonymous until you have not transacted in or traded in cryptocurrency. Once you do this, your wallet will be added to the ledger and thus the record books.

Bitcoin Mining Difficulty Increases For First Time Since May

What happened?New data confirms the difficulty in Bitcoin(CRYPTO : BTC) Mining is on the rise. Data from BTC.com On Saturday, the difficulty of mining cryptocurrency increased by 6%. According to a report by, it’s the first time that Bitcoin miners have experienced difficulty since May when the digital currency crashed. Decrypt.

Why it is important:Since its record-breaking peak in May, the difficulty rate has fallen to a new low. After a crackdown against miners from China, the difficulty level dropped further in June and July. This was due to them selling their mining machines or leaving the country. Chinese miners accounted for 65% of Bitcoin’s hash rate.

When the rate dropped by 28%, July 3 was the most significant drop in mining difficulty. The July 18th drop was followed by another drop in mining difficulty of 4.81%.

Next:Today’s increasing difficulty indicates that more mining machines have returned online. As more people try to get Bitcoin, the difficulty level increases. This is because transactions on the network require computer power. BTC’s price is now at $41800, up from $28600 as of June 22.

Euro just off 3-1/2-mth low vs dollar pre-ECB

On Thursday, the euro was trading at 3-1/2 months lows versus dollar. However, growth-oriented currencies like the Australian dollar gained as a global market risk sell-off abated.

As strong earnings lifted stock markets, bond yields and stock markets, the U.S. dollar and the Japanese yen rose this week to their highest levels since the end of May and early-April respectively, investors began to withdraw from the safe-haven assets that they had built up.

They also bought back into cryptocurrency, with bitcoin climbing further above US$30,000, especially after Tesla CEO Elon Muss said that the company would “most likely” resume accepting bitcoin payments.

The European Central Bank is not expected to take any new measures, but the odds of policymakers promising to keep support longer and to increase bond-buying have increased following the tweak to the inflation target.

By 0800 GMT, the euro was trading at US$1.1790. This is just below its April lows of US$1.1752 on Wednesday. It is expected that the single currency will remain under pressure due to the ECB’s dovish pivot, at a time many of its peers are considering exiting pandemic-era stimuli.

“A lot of what happens today at the ECB hinges upon how inflation-averaging central banks Lagarde, and the press conference portray them to be,” said Stephen Gallo from BMO Capital Markets, European head for FX strategy.

“The more they are willing to accept a significantly higher inflation rate, the worse it will be for euro,” said the bullish sentiment for emerging market and commodity currencies.

However, he said that it all depended on the consensus within the governing board to extend bond-buying after pandemic-time stimuli expires in March.

After a three-1/2 month high of 93.194, the dollar index =USD, which measures currency against six major peers, fell to 92.75 on Wednesday.

Another safe-haven was the yen at 130 euro. This was a nearly four-month high of 128.610, but it was flat against the dollar at 110.3yen.

The Australian dollar traded at US$0.73675 after falling to an eight-month low US$0.72895 on the previous day. This was despite the fact that half of Australia’s population is under COVID lockdowns.

It also strengthened against the yen, which was at 81.07 after a peak of 79.85 5 1/2 months ago.

Investors can now see past the concerns about the Delta Covid-19 variant dampening the economic recovery and enjoy higher-risk assets.

Tapas Strickland, an analyst at National Australia Bank, stated that the consensus was that the Delta strain does not pose an immediate threat to recovery. This will delay reopening by three month maximum as countries increase vaccination drives.

Sterling recovered from five-1/2 month troughs and firmed to US$1.374. While in cryptocurrencies, bitcoin held Wednesday’s 7.9percent jump – the largest since mid-June. To trade just north at US$32,000.

Best Bitcoin Or Crypto Wallets

A cryptocurrency wallet is just like a regular wallet. It can be used to store and protect Bitcoin and other cryptocurrency. A crypto exchange may offer a basic wallet but a specialized wallet will provide extra security and reduce the chance of them being stolen.

These are the top crypto wallets, as well as the basics of how they work.

Best Bitcoin wallets or crypto wallets

These are the most popular digital wallets:

  • Exodus Bitcoin & Crypto Wallet
  • Trezor T
  • Mycelium Bitcoin Wallet
  • Ledger Nano X
  • Edge
  • Wasabi Wallet

What is a cryptocurrency wallet?

A digital wallet is similar to a physical wallet. It can store your currency, in this instance cryptocurrency. Your digital currency is only accessible through the electronic network that tracks and manages it. Therefore, your digital wallet should be able interact with this network.

Experts use the term “wallet” to describe your crypto assets. However, it is more accurate to consider it a (heavily fortified address) to which your money has been accounted. A wallet is a distributed ledger that records crypto transactions. It acts as a long-running receipt for all currency transactions.

A wallet is essential for crypto coins. There is no safe place to keep your cash. Even though it may not be sufficient for heavy users, exchanges like Coinbase and payment apps like CashApp and PayPal offer a basic wallet that can handle transactions.

There are two types of crypto investing: the exchange holds and moves the asset and the actual transaction in cryptocurrency where a wallet is required to send and receive money. The custodian is responsible for maintaining the asset, while the user of a specialized wallet has the ability and responsibility to protect the asset.

Crypto wallets have many advantages

You can use a digital wallet to receive payments, as well as store your payment keys to send crypto coins to other people. It’s very similar to other digital wallets like CashApp or PayPal, which you might already use for regular currency.

Users can take control of their coins by using a specialized wallet. A wallet at an exchange can be compared to having your money in a bank. However, having your own wallet would be like having your currency in your possession.

The specialized wallets are distinguished from the more common ones by their higher security level and other features that attract users who have greater expectations (or fear). These wallets do not have the control of a third party, so they are not vulnerable to large-scale hacking or fraudulent custodians absconding with clients’ assets.

This arrangement means that only you, and you alone, will be responsible for your holdings. This is a positive feature that many see as it doesn’t require you to rely on another person for custody.

Crypto wallets have their disadvantages

However, the absence of a third party is a knife which cuts both ways, at most when it comes accessibility.

The wallet metaphor is still useful, at most partially. If your real wallet is lost, the money could disappear, possibly due to theft. If you have a crypto wallet you might lose the wallet (which may be a physical item) or your password. This will make it impossible to claim ownership of your stored currency. You could lose your crypto in any way.

Hardware wallets can be susceptible to physical problems, including degradation, destruction, or incapacitation via other means.

Depending on the type of crypto wallet you have, it may cause friction when you actually use your cryptocurrency. Some wallets are not able to handle certain types of coins. Others may not be physically offline. This makes coins nearly impervious to electronic theft and renders them useless as a way to exchange. However, they can be transferred to a wallet later for future use.

Mobile wallets are more convenient for making actual payments while desktop wallets are less suitable for paying for merchandise at home.

The convenience issue when it comes payment is also a concern. A wallet may not be as useful if it is unable to accept credit cards or swipe them.

What are the types of crypto wallets available?

Generally speaking, there are two main types of crypto wallets: cold wallets or hardware wallets and hot wallets or software wallets.

Hardware wallets

physical wallet protects your cryptocurrency with a physical device. It is a physical wallet that looks a lot like a USB thumb drive. It holds your crypto keys, which allow you to transact with the currency and effectively to own it.

This wallet has the advantage that it can be disconnected from the internet, but not connected to it. Your coins are safe from electronic theft since they don’t require an internet connection. They are still susceptible to theft, loss of the password and physical theft. You can connect the wallet to your computer to transfer money.

A hardware wallet is intended for safekeeping, not for transactions. It’s also known as a cold wallet. Trezor T, Ledger NanoX and Ledger NanoX are two of the most popular manufacturers of hardware wallets.

Software wallets

software wallet, on the other hand, relies on software to protect your cryptocurrency. Because they are connected to the internet, software wallets are generally less secure than hardware wallets. They are also intended to be used as you pay for items, so they are called hot wallets. You might not want to keep more than you plan to spend, just like you would with a physical wallet.

There are many hot wallets to choose from, depending on how they interface with you.

  • Desktop walletsYou can download software to manage your crypto holdings directly from your desktop wallet. This wallet offers security and convenience in a sensible balance. You can use your wallet to make purchases, but you can also withdraw it offline, making your wallet unaccessible to potential thieves.
  • Web walletsA web wallet is a plug-in for your browser that connects to the Blockchain to complete a transaction. Although it is easy to connect to the blockchain quickly, it is less secure than cold wallets.
  • Mobile walletsIf you use your smartphone, usually Android or iOS, to pay someone, a mobile wallet is a great payment option.

Software providers may offer multiple types of hot wallets so that you have one solution for multiple devices. Many top hot wallets integrate with major hardware wallets like Trezor or Ledger. So make sure to use wallets that work together.

Exodus Bitcoin & Crypto Wallet (available on desktop and mobile), Mycelium Bitcoin Wallet(mobile), Edge (mobile), and Wasabi Wallet ($desktop) are some of the most popular hot wallets.

There are other things you should consider

You should consider other factors when making your decision, besides the wallet type and brand.

  • Your needsWhat are you looking for in a wallet Do you plan to transact or just keep your cryptocurrency? A hot wallet is better for regular transactions, but long-term investors who buy and hold will find a cold wallet more convenient. You may prefer to keep the majority of your cash in a cold wallet while you make a few transactions via a hot wallet.
  • Cost:Hardware wallets typically require an upfront payment of $60 to $120. Software wallets can be downloaded for free, but there is a fixed per-transaction fee.
  • Support for certain currenciesIt is important to make sure that your wallet supports the cryptocurrency you are dealing with. Bitcoin is a common cryptocurrency, but it may not be the most widely used digital currency. Make sure you check.
  • ConvenienceYou should make sure your wallet can be used for its intended purpose and is easy to use if you carry it around. If not, it’s useless.
  • Feature setTo ensure that the wallet you are considering buying has all of the features you require, not just currency specific ones, double-check it. Is your software wallet compatible with the hardware wallet you want to use?

You’ll need to ensure that it suits your needs, just like any product. You might have the most beautiful wallet, but it won’t be the best for you if you don’t need the features.

Bottom line

The world of Bitcoin and cryptocurrency is wild and new. When you are looking for a digital wallet make sure you know what you want. You have a lot at stake and you want to feel confident with the solution you choose. It must also meet your needs.

Bitcoin miners beware of Android cryptocurrency scams, report says

Over 170 Android apps have been identified by security researchers as scamming cryptocurrency miners.

According to security researchers at Lookout Threat Lab (a cloud security company), the apps were created solely for the purpose of stealing money from cryptocurrency miners.

Researchers found that the apps were used to scam more than 93,000 people. They also stole at least $350,000 between users who paid for apps and bought fake upgrades.

These apps aren’t malicious, which is what allowed them to fly under radar. They do not actually do much. Researchers stated that they are just shells for collecting money for services that don’t exist.

The evolution of crypto mining makes it easier to scam.

Cryptocurrency mining uses computer processing power to solve complicated mathematical problems that verify cryptocurrency transactions. Miners are usually rewarded with a small amount cryptocurrency.

There are generally two types of mining. The other is mining pools. This allows individuals to contribute computing power in exchange for cryptocurrency. Cloud mining is an evolution of mining pools. Cloud miners can rent cloud computing power, which is similar to cloud computing.

“Cloud mining brings both convenience and cybersecurity risk.” The researchers stated that cloud computing is simple and agile, making it easy to create a fake-looking crypto mining service.

What are the tricks?

Most of the fraudulent apps were paid for, which allowed the scammers to make a lot of money from app sales. Users could also subscribe to the apps and pay via the Google Play billing system.

After logging in, users will see an activity dashboard which displays the current hash mining rate (the amount of computing power that is being used to mine the network) and how many coins they have “earned”. To encourage users to upgrade to faster mining rates, the hash rate is usually very low.

“After analysing the code and network traffic, it was discovered that the apps display a fictional coin balance and not the amount of coins mined. Researchers explained that the value displayed in the app is simply a counter that slowly increases over time.

BitScam scam allows users to purchase virtual hardware to increase their mining rate. Virtual hardware can be purchased through Google Play, Bitcoin or Ethereum. It costs between $12.99 and $259.99.

The apps were designed to prevent users from withdrawing coins until they reach a certain minimum balance. Researchers also stated that users could not withdraw coins even if they reached a minimum balance.

“The app would display a message to inform the user that the withdrawal transaction was pending. But behind the scenes, it resets the user’s coin balance to zero and does not transfer any money to them.

Researchers said that while the apps have been removed from Google Play now, there are still dozens of them in third-party stores.

According to the report, ‘The scammers behind this scheme were able tap into the existing frenzy caused by the hot cryptocurrency markets’.

Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It

Tesla CEO Elon Musk tweeted an image of Warren Buffett, the American business magnate. The quote below read: “Find as many Coins as You Can.” Fast! Musk said that Buffett made the statement and described it as his best financial advice. Musk, a crypto-influencer and entrepreneur, said that he found the statement on the internet.

Musk’s latest tweet about crypto received thousands of likes, comments and shares within hours. However, the post was later deleted from his Twitter account. The tweet quote is most likely faked or incorrectly attributed to Musk, a legendary investor of 90 years who is well-known for his criticisms of Bitcoin.

Over the years, Warren Buffett has held a negative view of cryptocurrencies. The Oracle of Omaha stated that bitcoin has no unique value and called it a “delusion” in 2019. Berkshire Hathaway declared in 2018 that bitcoin investors were not gambling but speculating. Buffett’s famous description of Bitcoin is “Probably Rat poison squared”, which he said at the company’s May meeting.

Elon Musk, on the other hand has been a vocal supporter of cryptocurrency. This includes the decision this year to suspend Bitcoin payments for vehicles manufactured by his electric vehicle company. This was due to concerns over the growing use of fossil fuels to power the bitcoin mining. His tweet announcement caused the crypto-economy to lose billions.

But, the $1.5 billion Tesla invested in Bitcoin earlier this year gave crypto markets an important boost. Musk reiterated his support for decentralized money in May. He stated that he supports crypto in the fight between fiat currency and crypto currency. Musk also stated that Tesla would accept bitcoin again if there is a 50% increase in clean energy use by cryptocurrency miners.

In the past, Musk and Buffett clashed over business model. Spacex founder, Warren Buffett’s term “moats” was used to refer to 2018 and stressed the importance of innovation. Buffett warned Musk not to venture into moated ventures. Musk announced that he was starting a candy company to compete with Berkshire’s moat See’s Candies, which he will call ‘Cryptocandy.

Bitcoin becoming the new gold as Indians pour billions into crypto​

The mantra of cryptocurrency enthusiasts Bitcoin being equivalent to digital gold has won converts among the largest holders of the precious metal.

Chainalysis reports that India’s investments in cryptocurrency rose from $200 million to almost $40 billion last year. This is despite the fact that Indian households have more than 25,000 tonnes gold. This is despite the fact that the central bank has expressed hostility to the asset class and proposed trading bans.

Richi Sood is a 32-year old entrepreneur who switched from crypto to gold. She has invested just over 1,000,000 rupees ($13.400) since December – some of which she borrowed from her father. This money was used to buy Bitcoin, Dogecoin, and Ether.

She’s also been very lucky with her timing. She sold a portion of her position in Bitcoin when it surpassed $50,000 in February, and then bought back in following the recent tumble. This allowed her to finance the international expansion of her education startup Study Mate India.

Sood stated that he would rather invest in crypto than gold. “Crypto is transparent than property or gold, and the returns are greater in a short time.”

She is part of an increasing number of Indians, now more than 15,000,000, who buy and sell digital coins. This is catching up to the 23 million U.S. traders of these assets, compared with only 2.3 million in Britain.

According to the co-founder and CEO of India’s first cryptocurrency exchange, the growth in India comes from the 18-35-year-old cohort. According to the latest World Gold Council data, Indians under 34 years old have less interest in gold than those who are older.

“They find it much easier to invest in cryptocurrency than gold because of the process being very simple,” said Sandeep Goenka who co-founded ZebPay. He spent many years representing the industry during discussions with the government about regulation. You can purchase crypto online and you don’t need to verify it like gold.

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