Cryptocurrency Archives - Page 8 of 15

bitcoin atm

Cryptocurrency and Credit Cards: How Does Their Intersection Look Like?

First introduced in 2009, cryptocurrency, especially bitcoin, has gained recognition in the past few years. Rising Bitcoin prices and the introduction of new crypto coins have increased the chances of cryptocurrency going mainstream. What indicates that cryptocurrency will soon go mainstream? It is the current intersection with credit cards. Yes, that’s right! Credit cards and cryptocurrency are interacting with each other in the market in different ways. And this will make cryptocurrency more accessible to the common man with high chance to use crypto coins to buy things and commodities. Let’s see a brief overview of how credit cards and bitcoin intersect. Establishment of Bitcoin ATMs The establishment of bitcoin ATMs is the beginning of using a credit card to utilize bitcoin in the mainstream market. There are already more than 30,000 bitcoin ATMs around the world. However, unlike your regular ATMs, bitcoin ATMs are used to buy bitcoin. These ATMs don’t dispense cash. Also, there is a limitation to how much bitcoin cryptocurrency you can buy using these ATMs. These ATMs also charge you a fee and hence don’t offer the right prices. Use Credit Card to Buy Bitcoin You can buy bitcoin using different ways. And using a credit card to buy bitcoin is certainly the easiest and one of the best ways. However, you can’t buy all types of cryptocurrencies using a credit card and not all crypto exchanges support credit cards. And what’s more! Well, another hiccup with using a credit card is that most crypto exchanges will charge you a heavy fee when you use a credit card. This makes it more expensive. Moreover, credit cards will consider crypto equivalent to cash currency. Hence when you buy crypto using a credit card, you will incur charges just as you use it for buying things using cash. Do Credit Cards and Bitcoin Intersect For The Benefit? Until now, it might seem that credit cards and bitcoin might not go together. However, there is a possibility of a successful intersection with the introduction of credit cards that offer bitcoin rewards. The latest addition to this development is the introduction of BlockFi’s credit card that offers bitcoin rewards. Moreover, the BlockFi exclusive Visa Bitcoin Rewards Credit Card is now open to the public to use. With BlockFi’s credit card you can get 1.5% bitcoin rewards. However, with this, the user is also prone to the volatility of the cryptocurrency market. Despite that, there are high chances of more such bitcoin rewards credit cards being released for the users. Bottom Line Cryptocurrency and credit cards have a long road to go before it becomes economic for the public to use a credit card to buy cryptocurrency. One more step forward would be to use cryptocurrency to buy commodities using a credit card. How does this intersection benefits the users remains to be seen! Currently, if you want to keep reading about cryptocurrency and further developments in this market, keep reading Coin Informer!

Amazon

5 Reasons Why Amazon Will Remain a Good Investment In 2023!

Amazon has done well during the pandemic, and the company is one of a handful with over a $1 trillion valuation. That swell already had many investors wondering whether they should buy Amazon stock, but the interest picked up on March 9 when the company announced a 20-for-1 stock split. What that means: Current Amazon investors will get 20 shares for every one share they own, though the total value of their shares remains the same. New investors will be able to buy shares of the stock for significantly less. Investing in Amazon is Synonymous With Investing in “The Best Businessman in the World” It’s not lost on anyone that investing in Amazon is synonymous with investing in the world’s richest man, Jeff Bezos (although recently Bezos and Elon Musk, founder of Tesla, are vying for this position). The entrepreneurial skills of Amazon’s founder and current Executive Chairman are undeniable. Many consider Bezos one of the most astute businessmen in the history of mankind. Remember that Bezos created Amazon in 1994, and in just over 20 years managed to position Amazon in the leading company it is today; becoming, along the way, one of the richest people in the entire history of mankind. He owned about 11.2% of the company, as of his most recently reported transaction (a stock gift) on March 1. His stock is worth more than $108 billion as of the market close on March 31. That stake should provide plenty of motivation for Bezos to run the company in such a way as to increase the stock’s value over the long haul. Start Earning With Amazon! Online Shopping Continues to Grow in Popularity Around the World Amazon’s international business is also poised to keep benefiting from this global shift toward shopping online. In 2019, e-commerce sales accounted for 14.1% of all retail sales worldwide, up from 12.2% in 2018. This figure is expected to reach 22% in 2022 Amazon is Much More Than an Ecommerce Platform There are many other reasons to buy Amazon stock. These include the company’s burgeoning smart-home business, centered on its artificial-intelligence-powered assistant Alexa, and its budding healthcare business, which includes its online pharmacy PillPack. Moreover, in its e-commerce business, advertising revenue is increasing, and the company is expanding the number of private-label items it sells. Learn More About Amazon Stocks! U.S. Online Sales Continue to Take Market Share From Brick-and-Mortar Sales Americans increasingly prefer to do their shopping online, which provides a tailwind for Amazon’s domestic business. In the fourth quarter of 2019, e-commerce sales accounted for 11.4% of all U.S. retail sales, according to the Census Bureau. For full-year 2019, 11% of total retail sales were transacted online, up from 9.9% in 2018. E-commerce sales will never come close to reaching 100% of all retail sales. But certainly, that 11.4% figure has a lot of room for growth. Amazon Prime membership is growing briskly The total of Prime members has been growing at a nice clip. In January, Amazon announced there were more than 150 million Prime members worldwide. In 2018, the company said it had more than 100 million members globally. This growth is important because Prime members have been found to spend more money than nonmembers on the company’s site. One study has pegged the average member’s annual spending at more than double that of the average nonmember. Bottom Line Among Wall Street’s top financial analysts there is a nearly unanimous consensus when it comes to investing in Amazon. Out of 50 financial analysts surveyed, 48 either recommend buying its stock immediately or estimate that Amazon’s stock growth will outpace that of its competitors. The remaining 2 analysts give it a “hold” rating. If you’re ready to buy Amazon stock, Let our experts take care of you!

bear market

Bullish and Bearish Market: Best Ways to Invest!

Bullish and Bearish Market: Have you recently started investing in the crypto market? If so, as a beginner there are a lot of things for you to learn and understand to trade effectively in cryptocurrency. One of the terms that you might have come across while studying the crypto market is “bear market” and “bull market”. The terms are crucial for you to understand so that you can make the right trading decision. Also, knowing about the “bull” or “bear” market position allows you to determine the market sentiment. This will prevent you from falling for FOMO and making the right trading decision. So, after all, what does it mean by “bull market” and “bear market”? How do you invest efficiently in both these market conditions? Let’s see what our experts have to say. Bull Market: A Brief Overview In bull market conditions, there is an increase in the prices of assets. This prompts investors to make investments and hold on to their assets. Bull markets can last for a few months to a few years. During a bull market, more investors are motivated to invest in the market. This creates a market for potential buyers. Moreover, a bull market indicates that the economy of a country or the world is thriving. There will be lesser unemployment and more opportunities. The overall market sentiment in a bull market is happy and confident. Bear Market: A Brief Overview In bear market conditions, there is a decrease in the prices of assets. The investors don’t have enough confidence in the market as the prices keep dropping. An overall drop of 20%in the prices of assets over 2 months is considered as a bearish market. This market is an uncertain time in the investor journey. They don’t know whether to sell their assets or hold on to them. This period is also known as “FUD” (fear, uncertainty, and doubt). The overall sentiment of the investors is filled with fear of prices dropping even more. Ways to Invest in The Bull Market and Bear Market For Bull Market: Investors can make sure to buy crypto coins as early as possible. And you sell them when they reach their peak prices. Don’t make the mistake of selling the coins early. Instead, track the market changes to determine the peak pricing. Also, you can be one of those investors who want to hold their coins long-term. For Bear Market: With a lack of confidence, a lot of investors are prompted to sell their crypto coins in the bear market. However, there are a few strategies where you can earn profits even during the bear market. Buy the Dip: Bearish market is the best time to buy crypto coins. They are their lowest prices and hence you don’t need to spend more to buy the coins. And you can sell them when the prices are favorable to earn profits. Dollar-Cost Averaging: Bearish market is not a good time to spend too much of your funds in a single go. So, several investors like to invest in bit size. They divide their funds into smaller sizes. Invest these smaller-sized funds over some time to average out the purchasing costs. Investment Diversification: Bearish market is a great time to diversify your investments and thus your portfolio. Since most crypto coins are at their lowest prices, you can invest in multiple crypto coins. And sell them when they reach peak prices. You can earn massive profits at the right time. Bottom Line Knowing about bearish and bullish markets gives you an edge to make the right trading decisions. And even if the sentiment of investors is filled with fear during the bearish market, it is still a good time for investors, especially beginners. So, start trading in the crypto market now. And to know more crypto insights, keep following Coin Informer!

bitcoin investment

Can Cryptocurrency Help in Combating Worldwide Inflation?

Combating Worldwide Inflation: Whether you invest in the market or not, inflation affects everyone of us. With inflation in fiat currencies, we experience a surge in the prices of daily commodities. And although inflation is a common economical event, in some situations, it might get out of control. For example, the recent surge in US dollars has caused inflation on other fiat currencies worldwide. Moreover, political events, the recent pandemic have contributed to the inflation rate. Now, there are different strategies to fight inflation. However, not all of them are inflation-proof. This is where several investors think that cryptocurrency can be a better solution to tackle inflation all around the world. Does Cryptocurrency Have The Potential to Be a Haven? Investors think so! And we do have some current examples where cryptocurrency such as Bitcoin proved to be a haven. The recent example comes from Turkey where the country’s currency Lira saw a massive depreciation resulting in high inflation. Cryptocurrency like bitcoin was the only way to save the economy of the country. Similarly, political unrest in countries like Zimbabwe and Venezuela also experienced inflation. In both countries, bitcoin investment controlled the inflation rate to a certain extent. Although the interest of investors to invest in cryptocurrency differs, the result certainly contributes to the decrease in overall inflation in the economy. Why Cryptocurrency Is Resistant to Inflation? Decentralized Nature of Cryptocurrency The decentralization of cryptocurrency benefits the economy by reducing the chances of inflation. Since there is no central authority to control cryptocurrency, it is not limited by the conventional economics of the country. The availability of cryptocurrency is embedded in blockchain technology. This makes it transparent and easier to monitor and track in real-time. Limited Supply Usually, inflation occurs when there is a large number of currencies circulating in the market. This reduces the faith of individuals thus depreciating the value of the fiat currency causing inflation. However, such is not the case with cryptocurrency. There is a limited supply of the cryptocurrency. In terms of bitcoin, the supply number falls at 21 million coins. This means no new coins will be generated thus increasing the price of bitcoin but controlling inflation rates. How Does Cryptocurrency Affect an Average Man? Apart from the massive investment potential of cryptocurrency, it has real-time implications in the life of an average individual. Aiding the Unbanked Population: Several individuals around the world don’t have access to regular financial services. In this case, cryptocurrency can become a way to provide financial inclusion to such a population. The decentralized nature of cryptocurrency makes it easier for individuals to gain access to funds. Remittance Mode: Several people transfer money from one country to another using wire transfers. This incurs heavy remittance costs. With cryptocurrency, these remittance costs can be reduced making it easier for people to transfer money across borders. Financial Aid: Several people are unable to get financial help such as a bank loan due to lower credit scores or lack of KYC. In cases like these, people can get financial aid using cryptocurrency. Bottom Line Cryptocurrency is not only an investment asset, but it can also contribute to solving real-world problems faced by an average person. Digital currency like bitcoin has the potential to control inflation rates which seem to be at an all-time high at the moment. Check out Coin Informer for more insights into the cryptocurrency world!

Crypto Wallet

Reasons Why Non-Custodial Digital Wallets are Preferred

If you are investing in cryptocurrency, you might be using a digital wallet to store your crypto assets. Most of the digital wallets include the use of a third party to manage the assets. However, with non-custodial digital wallets, users get more flexibility. Non-custodial digital wallets don’t have the involvement of a third party. These wallets give users increased control over their crypto assets. And they are a great way to reduce the chances of cryptojacking. Non-custodial wallets also offer several other features that make them a more appealing option for investors. Here’s what makes non-custodial digital wallets a better option. Easy Access As an investor, you would be more comfortable in having direct control over your digital assets and investment portfolio. Non-custodial wallets offer investors easy access without the involvement of any third party. As a user, you don’t need to answer anyone regarding your investment. Greater flexibility and great control! Enhanced Security Most digital wallets are managed by a third party. This means if you want to access your crypto assets, you have to go through the third-party interface. Moreover, third-party exchanges are prone to cyber hacks. If this happens, you might lose your assets. With non-custodial digital wallets, there is no third-party. This reduces the chances of hackers getting access to your crypto assets. Non-custodial wallets are the best way to secure your holdings. Easy Management As an investor, you want to have easy management of your investment portfolio. You shouldn’t be limited to using your desktop or laptops for accessing the assets. With non-custodial wallets, you can manage your portfolio right from your mobile devices. You can easily buy or sell your crypto coins without any interference and with just a few clicks. And you can easily convert your digital coins to any assets of your choice. No Risk of Cryptojacking Cryptojacking is a form of hacking where hackers will try to hack your digital wallet and gain access to your funds. Now, it is much easier for hackers to target digital wallets that are maintained by a third party. Since third-party exchanges want more people visiting their platform and using it for trading, stealing digital wallet keys becomes easier. Once the hacker has access to your digital wallet private key, your funds are at risk. With non-custodial wallets on other hand, only you have access to your funds. Not many people will be accessing the platform and it will become difficult for hackers to hack your assets. Bottom Line Although there are different types of digital wallets, non-custodial digital wallet offers more enhanced security features for crypto assets. So, if you are just a beginner or an advanced trader looking for more security, non-custodial wallets are a great option. For more crypto insights, keep reading Coin Informer!

crypto exchange

Four Ways to Secure Your Digital Wallet

Digital Wallet: Do you invest in cryptocurrency? If so, you might have a crypto wallet that allows you to buy or sell coins and keep your profits. Digital wallets are an integral part of any cryptocurrency investment. Moreover, all your digital assets will be saved in the digital wallet, you must ensure that it is secure. There are several instances where digital wallets have been hacked and people have lost their digital assets. You certainly don’t want that to happen to you! Although there are digital wallets with high-security features and you might be using one, chances of getting your digital wallet can’t be neglected. So, what can you do, on your end, as a digital wallet user to ensure that your assets are safe? Here are a few tips from our professionals. Don’t share your private key You might already know that private keys are a crucial aspect of investing in the cryptocurrency market. And gaining access to your private keys gives hackers access to your digital wallet. Hence, never share your private keys with third-party service providers. The best way to maintain private key security is by printing it out on paper and hiding it in a safe space. This will help avoid sharing your private key and prevent access of others to your digital wallet. Be cautious of mobile traffic You might be using your mobile devices to access your digital wallet. You might be using your mobile devices to browse a lot of things on the Internet. This can expose your digital wallet to hackers. A few lines of code embedded in a link can lead to the hacking of your digital wallet. Hence, be cautious of mobile traffic. Install an antivirus, avoid clicking on suspicious links, don’t download apps that are not safe. Generate strong password Now you might be using different platforms to invest in different cryptocurrencies. You will create a password to access your account on these different platforms. Make sure you don’t use the same password for all platforms. Also, create a strong password. Avoid using personal things or numbers as part of your password. It is much easier to guess a password if a personal aspect of your life such as your date of birth is included in the password. Moreover, change your passwords every few months. This will also make it impossible to crack your password. Review crypto exchanges Several crypto investors use a crypto exchange to manage their investments. But before you choose a crypto exchange, make sure you have thoroughly vetted the exchange. One wrong move and you risk losing your digital assets. You can either stick with crypto exchanges that are highly popular or read reviews on websites like Trustpilot to get an insight. Bottom Line Cryptocurrency investment is certainly gaining speed in today’s market. All types of investors want to invest in cryptocurrency and earn profits. However, securing your digital wallets is key to ensuring safe crypto trading. For more crypto trading insights, guides, and reviews, keep reading Coin Informer!

crypto market

Ways to Prevent Cryptojacking

Prevent Cryptojacking: If you haven’t been living under a rock, you might already know the rise in the digital age. There was a time when not many people believed that we could make transactions or shop online right from the comfort of our homes. However, with advanced digital technology, it is possible now. You have got the world at your fingertips. The rise of the digital age gave us another gift, namely, cryptocurrency. The beginning of the decentralized financial sector puts the control in the hands of people. Cryptocurrency has gradually gained popularity and it was one of the most talked about and searched topics in 2021. And the gradual interest is on the rise even in 2022. One of the crucial aspects of cryptocurrency is mining the coins. Mining crypto coins allows you to earn profits. However, this requires massive computing power. And that’s where we face the very first challenge in cryptocurrency, viz. Cryptojacking. What is Cryptojacking? In simpler terms, cryptojacking means hacking someone else’s computing power to mine crypto coins. This is one of the major cybercrimes and can be done by hackers using several ways. One of the most common ways is using ransomware. This software can steal the computing power or crypto coins from the digital wallet of the victims. And chances are that the victims won’t even know their computer systems have been cryptojacked. The ransomware will run in the background and will be hard to detect. The usual side effects of cryptojacking are slower CPU speeds leading to slower processing times, overheating of computer systems, higher usage of electricity thus increasing the bills. Most cryptohackers try to cryptojack computer systems from businesses as they get access to larger computing powers. Although cryptojacking is dangerous, you can implement certain methods to prevent it from happening to your organization. Ways to prevent cryptojacking Employee Education You need to ensure that your employees know about cryptojacking and the potential danger it can pose. Also, they must know the tell-tale signs of cryptojacking. Your employees must have good coordination with the IT team in your business organization. Also, they must be told not to click on any suspicious links that might execute cryptojacking codes. They must also be made aware to follow these guidelines on their personal email and devices too. IT Team Training Your IT team must be trained to determine whether the systems are cryptojacked or not. They must know the ways to prevent cryptojacking in the first place. They must know the signs of attack and ways to investigate deeper. Moreover, they must have better coordination with the employees to be notified of slow computing systems. Use Ad-Blockers One of the most common ways for crypto code execution is by playing an ad. Hence, you must use an ad blocker to ensure that the ad isn’t played, and the malicious crypto code is detected. This will avoid the execution of the code thus preventing cryptojacking. Use Browser Extensions Anti-cryptomining extensions are a great way to prevent cryptojacking. These are browser extensions that will block cryptominers from using your computing power. Some of the anti-cryptomining extensions are No Coin, minerBlock, Anti Miner, and more. Final Takeaway Cryptojacking is the harsh reality of the thriving cryptocurrency world. And it can affect anybody! Hence, the best way to educate yourself and implement methods to prevent cryptojacking. For more insights on the crypto market, technology, crypto coins, keep reading Coin Informer!

crypto market

Importance of Liquidity for Crypto Market

Liquidity is crucial for a market whether it is your conventional stock market or thriving cryptocurrency market. As a beginner crypto trader, you might have come across liquidity. You might have also considered liquidity provider as a crucial factor while choosing your trading company. But have you ever thought about why liquidity is crucial for the crypto market? And what does liquidity mean in the first place? As a beginner trader, you need to know this crucial term and its importance. This will ensure that you make the right trading choice. So, let’s get started. What is liquidity? In simple terms, liquidity is the ability to convert coins into cash for easy withdrawal. This conversion of coins into cash mustn’t affect the value of cryptocurrencies. Thus, making liquidity a crucial concept for cryptocurrency exchange. Why is liquidity important for crypto exchange? Stability of the Market As you might know that crypto market is highly volatile. However, liquidity brings stability to the market and reduces volatility. High liquidity ensures that the price of coins stays stable even if whales try to manipulate the price with a large swing or with little to no market activity. Liquidity ensures that even if several people are making large trading orders. The price of coins stays relatively stable. Accurate Technical Analysis As a crypto trader, you might want to analyze the crypto market to determine the future price trend for crypto coins. An illiquid market makes it difficult to assess the price trends over time and makes it difficult to predict future prices. However, a liquid market provides more precise and developed information about charting and prices. This way traders can predict future prices and make informed trading decisions. Lesser Transaction Time The Crypto market is ever-changing. And as a trader, you must be able to make quick decisions. A liquid market offers you this opportunity. When a market is liquid, an order transaction takes lesser time to process and complete. This ensures that more traders can buy or sell their coins quickly without much hassle. Moreover, a trader can quickly exit or enter a liquid market ensuring that they stay on top of the market changes. Get Competitive Prices When the market is liquid, a trader who wants to sell their coins can do so at competitive prices. Moreover, a buyer can offer higher bids to buy a coin. This brings an overall balance ensuring better prices for coins in the market for both buyers and sellers alike. Bottom Line Liquidity is important for any market to survive and thrive. And this includes your ever-changing and volatile crypto market. Liquidity benefits both buyers and sellers, irrespective of their trading capital. Creating fair and better prices are crucial to ensure that maximum trading takes place every day. Hence, liquidity is important. And you must always work with a trading company that can offer you a liquidity provider. If you have done this, you are good to start your trading in the crypto market. To know more about the crypto world, terminologies, insights, keep reading Coin Informer!

Best Coin To Invest In Crypto

How to Select the Right ICO for Investment?

Do you want to invest in cryptocurrency? Well, you are not the only one who wants to get their hands on massive profits. Most people who invest in cryptocurrency are looking to gain profits. However, on one hand, investing in popular coins like Bitcoin will increase their chances of profits, they also increase the chances of losses. Thanks to the volatility and price fluctuations in the crypto market. But most people are always looking for the next big thing in the crypto market to invest in. And that’s where an ICO comes into the picture. ICO, Initial Coin Offering is defined as the introduction of a new coin in the market. ICO gives you a good opportunity to invest in a new coin assuming that the coin will become popular and give you returns. However, before you invest in the very first ICO that you come across, it would be wise to do your research. In this blog, let’s look at the ways that can help you select the next best ICO and avoid falling for a scam. Finding the ICOs Of course! Without knowing the upcoming ICOs, it can become difficult for you to invest. Hence, start by finding an ICO. You can follow platforms like ICOalert where you will find all the information related to upcoming ICOs. These platforms offer coin developers to put out all the information related to their new coins and how it differs from other coins in the market. ICO Evaluation Once you have identified the ICOs you want to invest in, start its evaluation. This will include various steps and questions you need to ask yourself to make sure you are taking the right decision. Remember, ICOs are the easiest way to scam investors and abscond with the money. Hence, evaluation is of the utmost importance. Here’s how you can evaluate an ICO. Uniqueness: Blockchain is a diverse technology. And there are several ways people can use this tech to develop a new coin. Hence, look for unique features on the new coin. If a coin is using the same old decentralized currency concept of blockchain, you would be better off investing in Bitcoin. Hence, find out if the new coin is coming up with ways to solve something ambitious. Currency Distribution: Each new crypto coin will have a smart contract. Read the smart contract to find out details of currency distribution such as whom, when, where, how much of the crypto coin will be distributed. What will happen to the unsold crypto coins? Exchange Plans: It is certainly a green flag for an ICO if major crypto exchanges are offering the new crypto coin. Hence, when choosing an ICO, check if it is offered on crypto exchanges like Coin base, Kraken, or Bittrex. Type of Blockchain: Usually, a new ICO must be developed and launched from an existing blockchain. For example, Ethereum blockchain. An ICO that is developed and launched using the Ethereum blockchain will accept the payment using Ether. Hence, you need to have the said crypto coin to buy the ICO. Whitepaper: The most important document an ICO can offer. You must always read the whitepaper document that outlines everything about the crypto coin. The document must be comprehensive. Final Takeaway ICOs are a great way to find a new crypto coin for investment. However, since several ICOs are usually a scam, you need to be highly careful before choosing one. Apart from finding an ICO, you also need to evaluate it thoroughly. Find out more about the crypto market, guides, and fundamentals on Coin Informer!

crypto coin

Initial Coin Offering (ICO): Quick Comprehensive Guide

When you start reading, learning, and investing in the cryptocurrency market, you always come across the term “Initial Coin Offering” (ICO). And you wonder what does that mean? Should you invest in an ICO? Is it risky to invest in an ICO? Will you ever earn profits by investing in an ICO? Well, the questions are innumerable. And the lack of an answer may confuse you. So, our experts sat down and created this quick guide about ICO and answered the most frequently asked questions for you. Let’s see what they had to say. ICO: What is it? ICO is a method to introduce a new crypto coin to the market in the hope to raise funds for developing the said crypto coin. For example, you have developed a new crypto coin that you want to introduce in the market. The only thing you need is money. And you can get that by connecting to a venture capitalist. However, you might have to give a certain part of the company’s ownership to the said venture capitalist. Now, what if we told you that you can raise money for your new crypto coin without giving away the ownership of your company? That’s where ICO comes to your rescue. All you need to do is create a white paper detailing how your crypto coin will work. You create a fantastic website and ask people to invest in your crypto coin. They can either send you Bitcoin or Ether or send you fiat currency. In return, you give them a few of your crypto coins. You use this money to build the crypto coin and successfully introduce it to the market. The people who send you money will now have to sit back and hope that your crypto coin gains momentum for them to earn profits. ICO: Who can introduce it? Basically, anybody! As long as you have the tech knowledge to develop a coin, a fancy website, and market your coin, you can introduce the coin as ICO. Also, the crypto market is highly unregulated, hence it makes it easier for anyone to bring an ICO. However, this also gives rise to the possibility of a scam. ICO is the easiest way to create a scam crypto coin and abscond the money. Hence, when you get to know about an ICO, make sure you do your due diligence before investing in it. ICO: How to start your own? As said above, anybody can start their ICO. However, one thing you must ensure is that either you or someone on your team is an expert in blockchain and cryptocurrency. Someone on your team must be able to answer all the questions related to the tech part of the coin. Next, you need to create white paper. This document must provide all the information to the minute details. This document must be informative, creative, engaging, and convincing for the investors. You might want to check out the white paper of Ethereum which is one of the most successful ICOs. Bottom Line ICO allows you to introduce a new crypto coin. The risk in investing in ICO is high because it is the easiest way people can scam others for money. So, if you want to introduce or invest in an ICO, you must do your due diligence. To stay informed on the cryptocurrency market, keep reading Coin Informer!

This Week in Crypto: Bitcoin Reached $64K, OANDA Debuts in the UK

Craig Wright’s Court Trial Takes a Turn with Numerous Dramas on Day 15

Love, Loss and Crypto- The story of Shreya Datta’s Scam

Attention on Digital Asset Anti-Money Laundering Act of 2023 is Back!

A Crypto Recap of The Last 24 Hours: Latest Happening in Crypto

Bitcoin May Reach $70K By April End – Lyra’s Data Analysis

Is Craig Wright Really Satoshi Nakamoto? Let the British Court Decide it!

Weekly Crypto News: Gensler’s Letter, SafeMoon CEO in BIG Trouble

13th February Crypto Update: Bitcoin rises at US$50K

Crypto Breaking: Double Your Investment in 8 Days

Category: Cryptocurrency