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I have read an article that the Swedish regulators are proposing a ban on cryptomining in the European Union.
If they ban it or regulate it, this presently shows a weakness in the bitcoin ecosystem. Anyone can argue that they might not do it because half or more of their energy sources are renewables. However, the regulators can always have the ability to ban cryptomining because it has become a business that needs regulator permits and licenses to begin operation or be approved to operate. The danger of a ban will always be there.
I reckon there should be a development and engineering team formed to research on Asic resistance. Users should be given back the ability to mine in the privacy of their own homes where the government has no right to stop them.
If they ban it or regulate it, this presently shows a weakness in the bitcoin ecosystem. Anyone can argue that they might not do it because half or more of their energy sources are renewables. However, the regulators can always have the ability to ban cryptomining because it has become a business that needs regulator permits and licenses to begin operation or be approved to operate. The danger of a ban will always be there.
I reckon there should be a development and engineering team formed to research on Asic resistance. Users should be given back the ability to mine in the privacy of their own homes where the government has no right to stop them.
European Union will be strong enough for the development of cryptocurrency. Many people was not doing bitcoin mining for the less profit or No profit from it. This is cause of sudden fall and rise in the price of bitcoin. If the cryptomining was end in the European union. It leads to the instability of cryptocurrency flow.Government should reconsider their decision on this.
Re: Is there a 'reputable' exchange that doesn't require KYC to trade?
Like how Binance used to be before they implemented mandatory KYC not too long ago?
Their maybe many exchange as like you said.But 80 percentage of company which doesn't required of kyc will scam people at the end.So better go for the company which ask kyc for the transaction.It's my advice and not asking to follow this.If you like my advice, you can follow it. I am sure, it will be helpful to you. Because kyc accepting exchange will be transferent.
Trading became a essential one now a days.People from various background investing their money in the cryptocurrency now.It was a positive one in the bitcoin flow now.But the mining of bitcoin was not taking place due to less profit in bitcoin mining.So the supply is limited.We can expected huge rise in bitcoin in upcoming year.
Re: Africas crypto market has grown by more than 1,200% since 2020: Chainalysis
Goodnews over Africa in the crypto world as it was rank one of the most effective active user of p2p exchanges such as Paxful among others, Nigeria to be precise has recorded a tremendous performances in this regards with an outstanding increase in numbers of users with active account, you could recall her recent ban of crypto by the government and the citizens have soughted for an alternative crypto trading platforms (exchanges) which is more preferred than the cross boarder transactions by Fiat with high cost on transaction fee/charges in a bid to avoid inflation, this has also help in the increase of Nigeria's Economy and more visible chances could lead to it adoption by the government at a later run.
If the government put in place by the people to effectively work and regulate the economy, make policy and implement strategies to economy development but couldn't than placing restriction on crypto which could have been one of the aiming soughted out solution, the populace have rather in their own way create an alternative to sustain their respective businesses and exchange market thereby avoiding inflation and solving the problem of remittance limiting number of funds to transfer abroad.
With this developments, I hope it will create an upper edge toward the adoption of crypto back in Nigeria specifically and increase the performance and participation the more in Africa as a whole.
Quote from: https://cointelegraph.com/news/africa-s-crypto-market-has-grown-by-more-than-1-200-since-2020-chainalysis
P2P platforms, the need for remittances to circumvent restrictions from banks, and putting savings into crypto as a means of avoiding inflation could have contributed to the growing market in Africa.
Quote from: https://cointelegraph.com/news/africa-s-crypto-market-has-grown-by-more-than-1-200-since-2020-chainalysis
Chainalysis said Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021, with high adoption in Kenya, South Africa, Nigeria and Tanzania. The company added that the popularity of P2P platforms could have been one of the driving factors toward greater crypto adoption in the region, given some countries have restricted or banned residents from sending money to exchanges through local banks.
If the government put in place by the people to effectively work and regulate the economy, make policy and implement strategies to economy development but couldn't than placing restriction on crypto which could have been one of the aiming soughted out solution, the populace have rather in their own way create an alternative to sustain their respective businesses and exchange market thereby avoiding inflation and solving the problem of remittance limiting number of funds to transfer abroad.
With this developments, I hope it will create an upper edge toward the adoption of crypto back in Nigeria specifically and increase the performance and participation the more in Africa as a whole.
In a developing countries, some made a huge impact in the development of Bitcoin price. This only happened because of major involvement of people of such country into the trading and investments.Without the huge demand of bitcoin, it won't reach the valur of 60k$.It was the welcome one for the long term investors. They gained huge from this pump.
Re: Bitcoins economic growth is enormous in India | Amazing Future ahead
There is an amazing article that was recently published by news network - The Hindu. They have explained some good points on how bitcoin is taking off in Indian economy and in the hearts of Indian peeps.
The very first thing the price that’s increasing all the time. Every year we have seen huge up surge in the bitcoin prices.
However, there is always little higher price difference in USD and INR. Even I have observed that for all the coins including bitcoin the price is little higher as compared to USD-INR-Fiat pair.
Second largest point is regulatory stuff.
Until 2019-2020, RBI which is Reserve Bank of India had ban all the crypto related transactions. This led to stiff drop in crypto users for temporary period since mega exchange like Zebpay, WazirX and others started facing issues with banking partners.
However, soon in the 2021 bill Supreme Court of India passed the judgement that RBI should not be banning such transactions which can contribute to the Indian economics.
Well well well, when it’s regulations no one can go against it. When highest court is from your side then it’s just most amusing thing for India.
Good Facts from Articles:
1) There are 100 million plus bitcoin holders in the India.
2) India is now of the largest bitcoin holder by its number of users and value.
3) India is witnessing largest growing exchangers and wallets. Viz., WazirX, CoinSwitch Kuber, CoinDCX, Zebpay and BuyUCoin.
4) CoinDCX alone has crossed $1 billion milestone.
5) Bollywood stars like Amitabh Bacchan, Salman Khan are set to create NFT based digital autographs to sell and they will be the first one to do.
And many more amazing facts about India and it’s growing relationship with the crypto currencies.
I believe that suddenly India will be one of the top 2nd or 3rd country to trade, mine, exchange the crypto currencies and specifically Bitcoin.
The whole article here:- Explained | Why many investors rallying behind bitcoins?
The very first thing the price that’s increasing all the time. Every year we have seen huge up surge in the bitcoin prices.
However, there is always little higher price difference in USD and INR. Even I have observed that for all the coins including bitcoin the price is little higher as compared to USD-INR-Fiat pair.
Second largest point is regulatory stuff.
Until 2019-2020, RBI which is Reserve Bank of India had ban all the crypto related transactions. This led to stiff drop in crypto users for temporary period since mega exchange like Zebpay, WazirX and others started facing issues with banking partners.
However, soon in the 2021 bill Supreme Court of India passed the judgement that RBI should not be banning such transactions which can contribute to the Indian economics.
Well well well, when it’s regulations no one can go against it. When highest court is from your side then it’s just most amusing thing for India.
Good Facts from Articles:
1) There are 100 million plus bitcoin holders in the India.
2) India is now of the largest bitcoin holder by its number of users and value.
3) India is witnessing largest growing exchangers and wallets. Viz., WazirX, CoinSwitch Kuber, CoinDCX, Zebpay and BuyUCoin.
4) CoinDCX alone has crossed $1 billion milestone.
5) Bollywood stars like Amitabh Bacchan, Salman Khan are set to create NFT based digital autographs to sell and they will be the first one to do.
And many more amazing facts about India and it’s growing relationship with the crypto currencies.
I believe that suddenly India will be one of the top 2nd or 3rd country to trade, mine, exchange the crypto currencies and specifically Bitcoin.
The whole article here:- Explained | Why many investors rallying behind bitcoins?
Agreed with your point.Huge investments was raised in India as compared to any other developing country. Because India is a big market with huge population.We can't say no to this.Bitcoin rule many country economy including the Indian Economy. Many well settled person had their investment in bitcoin rather than a stock market now a days in India.
Re: Slovenia getting ready to tax crypto. Will others follow?
Slovenia is one of the Cryptocurrency Tigers around Europe. Last April the Finance Ministry of Slovenia proposed a law to levy a 10% tax on all fiat-to-crypto conversions and cryptocurrency transfers. Now the country is getting ready to start taxing cryptos. Given that this will work out as an experiment in the eyes of several countries if everything goes well many other countries in Europe should follow.
Thing is, it puzzles me how are they going to tax cryptos... what sort of technics will the country develop to track all cryptocurrencies in circulation?
Thing is, it puzzles me how are they going to tax cryptos... what sort of technics will the country develop to track all cryptocurrencies in circulation?
Some people thinkit's not a good move for the people who work in cryptocurrency.But it's not a true.The true fact is,it was a good one.We can do transaction in very legal manner.It will find out the scammers in the field.So the people get the trust on online transaction.So many new people get into the crypto.Even many big shot make their investments.It will double or triple the price of bitcoin.
⭐ Merited by Sterbens (1)
https://i.ibb.co/kxNYCYx/FDBBtcv-WQAEm3-P9-1.jpg
Image taken from Binance twitter post https://mobile.twitter.com/binance/status/1454734932065017856
There seems to be a lot of congratulations from everywhere, and I'm glad I got to know Bitcoin so far. What do you most want to say as a form of gratitude because without Bitcoin, maybe I would not have been born in this forum.
For the presence of Bitcoin that has changed my life into something I never expected before.
What are your hopes for the future for Bitcoin and its sustainability?
Image taken from Binance twitter post https://mobile.twitter.com/binance/status/1454734932065017856
There seems to be a lot of congratulations from everywhere, and I'm glad I got to know Bitcoin so far. What do you most want to say as a form of gratitude because without Bitcoin, maybe I would not have been born in this forum.
For the presence of Bitcoin that has changed my life into something I never expected before.
What are your hopes for the future for Bitcoin and its sustainability?
Bitcoin had rised the early trusting people to the millionaire.Many people,who hold the bitcoin had gained a lot.My friend had brought two houses with the profit alone.Even the time was not passed to away.Inverse your money with the some high value and hold for the year.Bitcoin won't disappointed you at any point.Just hold the savings in bitcoin and gain more from it.
The live SHIBA INU price today is $0.000079 USD with a 24-hour trading volume of $37,333,226,707 USD. Then many people flocked to buy shiba inu when the price is now close to 1 IDR.
If I now buy with a capital of 1000 USD, is the future still a profit or loss if in Hold?
https://i.imgur.com/fPI9xV2.png
If I now buy with a capital of 1000 USD, is the future still a profit or loss if in Hold?
https://i.imgur.com/fPI9xV2.png
Shiba rockking the current market with some good pump.It's better to hold your shiba for the longer period.If you follow my financial advice,you will earn more than which you had expected.Don't expect the short term profit from the shiba and it won't be successful.People try to find the way of earning platform.But they forgot the fact,crypto is long running platform for it.
Re: What will happen with eth 2.0. releasing? Lower fee?
Hi, do you expect big changes after eth 2.0. come, when will that happen?
After the ethereum2.0 ,huge changes happened in the ccryptocurrency market.Binance smartchain making huge changes in the flow of cryptocurrency.After huge free for the Ethereum,new motivation happens in the market.This made the binance team to launch the smart chain for the transation.The important factor is,it also support the flow of usdt in the market.Which is essential in the cryptocurrency.
Is there any crypto project that can transacts without the internet? I heard there was one two years ago I couldn't remember the name again but why isn't such project doing so well today? If the internet goes down in future this type of project will be useful don't you think?
No project will work without internet.And for the assure thing, the internet will not exit the world. Because many people working like a freelancer to earn some money from the internet.In addition, many government working in online portals now. So nothing will replace the internet. May be in future.If some home happened all are adapted to it. With all concern internet is became a essential and base to the modern world.
Where’s the best places to buy high ticket items with crypto?
Only place I’ve heard of doing this is 4K, but they’re building a marketplace where you can buy/sell NFTs backed by physical assets. They’re just starting out with high end watches. Would be interesting to see other items as well (website: http://4k.com/drops)
I feel like with the advent of blockchain we can disrupt all web2 platforms which all have crazy high fees and inefficiencies/fraud.
Only place I’ve heard of doing this is 4K, but they’re building a marketplace where you can buy/sell NFTs backed by physical assets. They’re just starting out with high end watches. Would be interesting to see other items as well (website: http://4k.com/drops)
I feel like with the advent of blockchain we can disrupt all web2 platforms which all have crazy high fees and inefficiencies/fraud.
It's give you huge curiosity and happiness. When you had started to buy the real world product with cryptocurrency.Same excitement was experienced by myself. Later it get it importance is the fact.Only the people in county which legalized the cryptocurrency or bitcoin. Many people had missed the chance of buying bitcoin at lower price that below of 10k dollars.
Finally, another country, namely Romania, launched a Vaccination Lottery for the public. It is hoped that this will encourage people to participate in the Romanian government's vaccination program. The amount provided by the Romanian government is RON15,000,000 ($3.5m).
This is good news for people and this lottery also aims to encourage vaccination and each participant will have four chances of winning. In addition, the government also agreed to make regulations for people who are eligible to be vaccinated to receive a meal voucher worth RON100.
It seems that the Vaccination Lottery program can attract people to register so that the government's target in reducing the number of people infected with Covid-19 can succeed. Maybe after this, there will be other countries that will follow. What do you think about the launch of this Vaccination Lottery? Can it attract the other countries to follow what USA and Romania did? Is that be a good way to attract attention from people to have vaccination because that teach them to use lottery to make money which we know that lottery is part of gambling.
Source: https://www.gamblinginsider.com/news/13229/romania-joins-the-vaccination-lottery-race
This is good news for people and this lottery also aims to encourage vaccination and each participant will have four chances of winning. In addition, the government also agreed to make regulations for people who are eligible to be vaccinated to receive a meal voucher worth RON100.
It seems that the Vaccination Lottery program can attract people to register so that the government's target in reducing the number of people infected with Covid-19 can succeed. Maybe after this, there will be other countries that will follow. What do you think about the launch of this Vaccination Lottery? Can it attract the other countries to follow what USA and Romania did? Is that be a good way to attract attention from people to have vaccination because that teach them to use lottery to make money which we know that lottery is part of gambling.
Source: https://www.gamblinginsider.com/news/13229/romania-joins-the-vaccination-lottery-race
It seems a interesting news.The people from Romania was a lucky people.Because it was good initiative.No government of any country take the initiative like this. It's good move from them. By this people will vaccination for sure.Atleast for the lottery, the people do vaccination.So all the country in the world, should take this as example and do some good move for vaccination.
I have some of them, Zil, One, Iost, Trx, and my bad was about buying Shib that I don't know will be back again to previous price or not. But trading the small price coins or tokens are also promising for me moreover with small capital. But of course, be careful in choosing the coins or tokens, not the shit coins
Buying shib for short period won't work for the profit.It only work for the period of 1 year.You need to hold till this year. Because shib is best tine for the period of one year.People looking for short term profit in shib is not possible. You can better sell it and inverse on some other coin and earn profit from it. It doesn't mean, shib is not a good coin. It's good coin for long term is the answer.
Re: I want to invest in litecoin. What would be the right decision at the present ti
I am going to invest in litecoin for a long-term hold. What would be right to invest in litecoin at the present time? What do you think?
Litecoin is good coin as compared to many shitcoin.Many shitcoin had stolen our hard earned money. Many initial traders like me, will face the same issue.Which I had faced over a week.I had invested in EGLD, Near and faced huge loss from it.
It maybe your own opinion.But the fact is,not a desired one.Many gems get into the dead market.It mean,it had get out from the market.The only trusted coin in the market are ETH,Ripple,Matic,ADA and bitcoin for all the time.People who had invested in the mentioned coin had gained bulk amount as profit in the six month period.Invest in this coin as compared to the gem like shitcoin.
How is Polygons potential in the future, can it rival with BSC?
Both coin had it's own potential.After Ethereum made some changes on fee for the transaction,the new technology was tried with bsc.The fees through the bsc was nearly ten times less than Ethereum.Nearly 60 percentage of transaction was made through the bsc.Even the usdt transaction was made through the BEP20 address and not through the trc20 address.Polygon had the good investors as like BNB and soon get good base in market.
Re: Why Cryptocurrency is not Legalized Despite the Many Benefits
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Their are lot of politics in it. Because if the cryptocurrency legalized all over the world, it will conquered the world economy. Then,no use of bank in the world.Some developed country hold the developing country by the mean banks and loan. So the cryptocurrency will spedaway the control of the developed country on developing. This made huge difference in the legalizing and non legalizing economy.
Re: Permanent residence in El Salvador for crypto entrepreneurs
⭐ Merited by jvdp (2)
As we reported a few days ago, the President of El Salvador, Nayib Bukele, announced during the Miami Conference that the country intends to accept bitcoin as a currency in the country. Now the 39-year-old has added to the appeal of his proposal on Sunday with his new remarks on Twitter. Bukele announced in his latest tweet that:
"The government will immediately grant permanent residency to crypto entrepreneurs."
Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bukele added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.
It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year they sent more than $ 6 billion in remittances despite the Corona epidemic.
Nayib Bukele acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.
Source: Yahoo News
Anyone from El Salvador can give any feedback about living costs and living situation in this country?
"The government will immediately grant permanent residency to crypto entrepreneurs."
Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bukele added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.
It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year they sent more than $ 6 billion in remittances despite the Corona epidemic.
Nayib Bukele acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.
Source: Yahoo News
Anyone from El Salvador can give any feedback about living costs and living situation in this country?
This was dam good news for the crypto entrepreneur. Most of freelancer struggling hard at the dip market. In additional, they lose huge money, if they withdrew the cash during the dump market. This help the people near the El Salvador. Because this is like the gifted opportunity for the entrepreneur.They also struggled to pay house rent during the dip, this permanent residence help them a lot.
I know it may seem early to make such a list, but I hope it will be filled up quickly in the coming years.
Today we have the first country to announce that it owns Bitcoin.
If you have information about other countries, add it below.
Today we have the first country to announce that it owns Bitcoin.
If you have information about other countries, add it below.
| | | . Name ............................................. | | | ...... Amount ................... | | | ...... Source ...... | | |
| | | El Salvador | | | .......700 BTC | | | ...Click here | | |
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If they had 700 bitcoin, it's enough for them to live like a king for the period if thousand years.And it with a conditions apply.Because we don't know, bitcoin will survive for that much years and can't be sure.Secondly he need to handover the control of bitcoin to next generation. If the handover missed out in any generation. Then everything everything get into soil.
I developed a high interest in Bitcoin lately want to accept Bitcoin for my sales and servicing company, am already working with a programmer to develop software or an application that will aid my transactions using the Bitcoin lightning network.
As the saying goes, no man is an island of knowledge, so I shared my story to get suggestions from this noble forum.
As the saying goes, no man is an island of knowledge, so I shared my story to get suggestions from this noble forum.
Most of people who come to know about bitcoin will surely wish to do this same. Because bitcoin ruling the world economy for now. People with sound knowledge about crypto currency, surely inverse their money in bitcoin. And some had used to accepted the cryptocurrency as one mode of payment. I had seen in this forum like, one autorichaw guy had invested and started to accepted cryptocurrency as one mode of payment.