The meeting, called at the last minute by the RBI, was attended by senior central bank officials, three exchanges, a crypto broker, and industry association Indiatech.org, which has published a white paper on cryptocurrencies.
There is a growing understanding that in India, crypto trading may be allowed with some type and certain limitations, rather than an absolute ban as in China. Only cryptos with trace and traceable features should be allowed. The KYC system and the possibility of making illegal transactions were also discussed.
Aside from the money laundering issues, the RBI is concerned about potential economic uncertainty should crypto amounts increase over time. In contrast to the shrinking mining of Bitcoin, the leading cryptocurrency whose supply is decreasing year by year, the amount of crypto is increasing due to the release of new coins.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Cardano ADA Coin is a cryptocurrency known to everyone. Everyone is waiting for the ADA cryptocurrency to experience an increase. But it is progressing much slower than expected. But although Ada coin is slow, it is predicted by experts that it will experience a serious increase.
Cardano ADA Coin gave bullish signals last week. It was a development that made island investors happy. According to crypto experts, the steady progress of the Cardano ADA coin price rally shows that it is on the right track. But let’s not forget that it has experienced a decline again in the last few days.
After Cardano’s top price reached $3.10 USD, it started to decline. According to FXStreet analysts; this altcoin will have a big pump after nine weeks of consolidation.
Of course, it is very difficult to predict the exact price of Cardano. A rise is expected when the island crypto currency rises above $ 2.50. According to experts, Cardano price shows a Downtrend on a Medium Term basis and an almost Neutral trend in the Long Term as well as the Short Term.
The prediction of Wallet Investor is as follows, the ADA price is showing bullish signals, on average, by the end of 2021, the price may rise to $ 2,483. The website also says that the price could be around $4,837 by the end of the next year, 2022.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Twitter, which is the most used in social media, is entering the world of Crypto money fast. Blockchain and Crypto platforms have established the “Twitter Crypto” unit to strengthen their own infrastructure in areas such as NFT, as well as to make better use of cryptocurrencies.
Twitter has long opened its doors to the world of cryptocurrencies. It looks like he wants to be more active in the cryptocurrency world with his “Twitter Crypto” unit. Tess Rinearson, head of the Twitter Crypto team, will be a blockchain engineer.
Twitter Crypto
Blockchain engineer Tess Rinearson said of Twitter Crypto: blockchain will serve as a “centre of excellence” for everything related to NFT and web3. How ideas from crypto communities can help us push the boundaries of what is possible with identity, community, ownership and more we will discover
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
The Indonesian Ulema Council has considered cryptocurrencies haram. They say that the reason why they consider cryptos haram is that cryptos are harmful and contain uncertainties.
The Ulema Council announced at its meeting this week that crypto money is haram because it resembles gambling. They said cryptocurrencies can be bought and sold as commodities if they provide a benefit and comply with Sharia.
More than 200 million Muslims live in Indonesia and it is the largest Muslim country in the world. We are sure that the Ulema Council will definitely change their minds one day.
According to the news from Bloomberg; The statement made by the Ulema Council stated that it does not impose an official restriction on the use of cryptocurrencies. Despite being considered haram, there are an estimated 4.45 million crypto money investors and a crypto currency transaction volume of approximately $ 8.8 billion in the country.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Talking to Cardano Foundation CEO Frederik Gregaard about Cardano Forrest and the future of CF – video
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
In the last 2 years, economies have suffered greatly due to the Covid-19 epidemic in all countries. But some tech firms earned more and became rich. As countries are closing and businesses are closing, some of the tech companies have made huge servert gains.
With the impact of the great epidemic covid, cryptocurrencies Bitcoin, Ethereum and other digital currencies attracted great attention. Even financial institutions have started to buy cryptocurrencies. Banks have started to deal with blockchain companies to use blockchain-based systems. Some firms, such as PayPal, have announced that they can buy, sell, and hold Bitcoin and cryptocurrencies.
As the crypto market grew rapidly, so did the number of miners. Miners with effective and efficient equipment made good profits.
miner mining
MarketsAndMarkets said: “Mining is an integral process for the creation, transmission and verification of transactions in cryptocurrencies. It ensures a stable, safe and secure spread of currency from payer to buyer. Unlike fiat currency, which is controlled by a central authority and regulates transactions, cryptocurrencies are decentralized and operate on a peer-to-peer system. APAC will grow at the highest CAGR during the forecast period (2026). In terms of value, APAC will grow at the highest CAGR during the forecast period. The Rest of APAC (RoAPAC) has been reviewed for RoAPAC, Singapore, Malaysia, Thailand, India, Australia and New Zealand. China is the largest market among all APAC countries. Thanks to its low cost of electricity and the presence of large mining companies.”
Although miner devices are at high prices, miners continue to renew themselves in the burgeoning cryptocurrency industry.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Lil Floki (LILFLOKI) is a memecoin based on Elon Musk’s dog named Floki. Through the charity program, the project hopes to become more than just a memecoin. Tokens like Shiba Inu (SHIB) rose by over 100,000,000 last year, allowing at least 1 investor to raise $8,000 to over $5 billion. Many of these memecoins are owned by dogs and Tesla Inc. Its CEO is Elon Musk. One of them is Lil Floki (LILFLOKI).
What is Lil Floki (LILFLOKI)? Lil Floki is a project based on Binance Smart Chain (BSC) and aims to be a payment cryptocurrency with a store of value. However, memecoins cannot be considered a store of value as they are some of the highest risk investments you can make. The project has several features to try and maintain value, but the token price is commonly determined by hype.
Perhaps the most important way Lil Floki tries to preserve the value of his coin is through anti-whale procedures. This feature ensures that only 1% of the total LILFLOKI supply can be sold at a time. It also ensures that 1 wallet can hold no more than 2% of the total supply. This rule prevents a single user from having too much influence on the coin’s price.
Another way the team tries to maintain the coin’s value is through the burn mechanism. A portion of each transaction is sent to a wallet where tokens are burned or taken out of circulation. This action reduces the supply after each transaction. However, it only works if there is enough volume to make the burns effective, and the team has yet to reveal the details of the burn feature.
Each transaction incurs a massive 13% fee. Additionally, 2% is distributed back to holders in the form of Binance Coin (BNB); It is put into the liquidity pool of 4% to support the volume; and 7% are sent to “charitable” developers. This means that an investor who buys $1,000 of Lil Floki will actually only get $870 worth of tokens, and if the investor sells immediately, they will get about $750, resulting in a 25% loss if the token is the same value.
The charities supported by the project are related to dogs. In the past, she bought flea treatments and food for dogs in shelters. This unique feature allows the project to have a direct impact on the community. It can also incentivize transactions, as fees go towards a good cause. However, the developers only donated $200, and it’s possible for the developers to pocket some of those funds for themselves.
A Brief History of Lil Floki (LILFLOKI) The project was launched on September 25, 2021 by 2 New Zealand-based developers named Alice Morgan and Hisham Macpherson. The project was launched surrounding the idea of philanthropy and a shared love for dogs. The developers made sure they were very public to develop trust between themselves and investors.
Most of the first month of the project focused on marketing. This period included the creation of social media accounts and influencer endorsements. Going forward, he hopes to achieve larger goals such as gaining control and developing non-changeable tokens (NFTs).
Although the project has been on sale for just over a month, the price has already increased by over 500%. It’s just starting to get recognition. However, its market cap is under $10 million, so it’s still a very risky investment.
Open an online account. Now that you understand the basics of LILFLOKI, you may be interested in purchasing the token. Since it is a BSC token, you must first open an account on Binance. To open a Binance account, go to the website and create an account using an email and password. Next, you enter your personal information before depositing funds into your account.
Once your account is opened and verified, you can fund your account using an ACH or credit transfer. Then you can find and buy Binance Coin (BNB). However, you need a wallet to store BNB and exchange it for LILFLOKI.
Download Trust Wallet or Metamask. A cryptocurrency wallet is a place to store a separate crypto exchange. It allows the investor to be the sole owner of cryptocurrencies. The best wallets for BSC tokens are Trust Wallet and MetaMask.
To open a wallet in either program, you download the software and create an account. You will then be assigned a wallet address to which you will send your BNB. Remember, your wallet address will be set to Ethereum’s network by default. You will need to add BSC before sending your BNB to your wallet.
Convert your BNB tokens. Make sure you add BSC tokens in the wallet and send your BNB from Binance to your wallet. Once the BNB is in your wallet, you are ready to buy LILFLOKI on PancakeSwap.
Make your purchase. Navigate to PancakeSwap and connect your wallet in the upper right hand corner. Then find the LILFLOKI and BNB pair. The exact address for the token can be found on the project’s website. Once you have the pair, select the amount of LILFLOKI you would like to purchase and execute the trade.
You may have to increase your slippage to 13% or more to account for the hefty transaction fees that Lil Floki has embedded into the token. Your LILFLOKI will then be stored in your wallet.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Elon Musk in crypto as Lorde Edge on Twitter triggered a currency of the same name to be shipped the same day, which saw its price skyrocket.
Lorde (DOGELON) on the web presents “Elon Musk’s twitter attacks that the target you want by name can realize more projects like this token DOGE, SH coin and of course DOGELON”.
Not applicable for a small-scale application on Monday according to ‘Mark’ rose more than 400% in terms of 10:50 am ET, the New York Post reported. According to CoinMarketC, the price of Lord Edge today was $0.00002235 after 89 finishes in the last 24 hours. Musk’s name reverted to Twitter’s name.
The meaning of the name has been a lot of speculation. Dogeco’s Creator, Shibetoshi Nakamoto, tweeted that “lorde Edge is an anagram for the old doge.”
“It doesn’t mean it will happen, but it’s actually an anagram,” he added later.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
Lately, it feels like Cardano (CCC:ADA-USD) has gotten lost in the shuffle as other altcoins have garnered more attention. That’s a shame, as Cardano is an affordable digital asset that still holds great promise.
Indeed, there’s an angle here which you might not have considered. Without a doubt, there’s some overlap between environmentalists and cryptocurrency enthusiasts. However, crypto miners have been accused of consuming too much energy.
That accusation might be unwarranted. A recent partnership between the Cardano Foundation and a climate solutions specialist could prove the crypto critics wrong.
Moreover, the facts will reveal that ADA hasn’t been ignored by loyal cryptocurrency investors. While the media might not always report this, there’s vast ground-level support which cannot be denied.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
News has begun to spread that Reddit co-founder Alexis Ohanian will be investing in some kind of decentralized social media creation using the Solana blockchain.
“One of the reasons I am here is to announce that we have set aside $50 million to invest in the next social media creation built on Solana,” Reddit co-founder Alexis Ohanian said during talks with Solana co-founder Raj Gokal. used his words. During the conversation, Ohanian added that $50 million is not enough and that his plans are to increase the fund to $100 million.
After Facebook’s metaverse announcement, social media giants started to make big investments in Defi and Metaverse. It seems like the Metaverse will enter our lives very quickly.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
