Info Media Hub

19/11/2022

You can make up to $1,000 - $5,000 performing airdrops of different Crypto projects.

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20/04/2022

If you participated in Legion network airdrop and ICO...
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How to Export Legion Network Airdrop and Private Key | Legion App V2Legion network App version 2 is released and you must copy your wallet private key to imp...

12/02/2022

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How To Trade With Trust Wallet On Your Phone 2022 | Make Money Trading On Trust Wallet App 2022If you're looking forward to use Trust Wallet app on your phon...

12/02/2022

Start making money trading Crypto.

How to trade with KuCoin mobile App on your Smartphone.

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KuCoin Tutorial: How To Trade With KuCoin App On Your Phone 2022 | Make Money Trading On KuCoin 2022If you want to learn how to use Kucoin mobile app, this v...

24/01/2022

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24/09/2021

You can now get paid in bitcoin to use Twitter

Twitter on Thursday announced it will now allow users to tip their favorite creators on the social network using bitcoin.

The company introduced tipping as a test feature back in May as a way to experiment with helping creators earn payments from their followers for the content they post on Twitter. The company announced Thursday that its Tips feature will now roll out globally to all Apple iOS users this week and will become available for Android users in the coming weeks.

Previously, users could tip with fiat currency using more traditional payment services such as Square's Cash app and PayPal's Venmo. Twitter will integrate the Strike bitcoin lighting wallet service so creators can receive bitcoin tips. The company will also allow users to add their bitcoin address to send and receive these cryptocurrency tips.

Twitter does not take a cut of any money sent through its Tips feature.

The integration of bitcoin to Twitter's tip feature is hardly surprising considering CEO Jack Dorsey is one of the most vocal supporters of the cryptocurrency.

In just the past few months, Dorsey has tweeted that he is trying his hand at bitcoin mining. He said he doesn't think there is anything more important to work on than bitcoin and he has even said that his hope is bitcoin will bring about world peace.

Additionally, Twitter on Thursday said it is also experimenting with a feature that would allow users to authenticate and showcase their collections of NFT digital assets on the social network. The company did not provide much detail or any specifics about this blockchain project, but said it's another way to support creators who make digital art.

Besides blockchain, Twitter also announced its plans to launch a creator fund for users who host Spaces audio rooms as a way to incentivize more live audio events. Last year, the company debuted Spaces, which is a feature where users can hear and chat with others in audio-only virtual rooms. The company hopes the upcoming fund will incentivize more users to host live audio events on Twitter.

21/09/2021

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21/09/2021

EL Salvador President banks more Bitcoin 😘

Future is for those that are prepared.

21/09/2021

The Family that Bet everything on Bitcoin when it was $900 is now storing it in Secret Vaults on four Different Continents

Didi Taihuttu, along with his wife and three kids, liquidated all of their assets and bought bitcoin in 2017, back when it was trading at around $900. Now, the Dutch family of five is safeguarding most of their crypto fortune in secret vaults on four different continents.

“I have hidden the hardware wallets across several countries so that I never have to fly very far if I need to access my cold wallet, in order to jump out of the market,” explained Taihuttu, patriarch of the so-called Bitcoin Family.

Taihuttu has two hiding spots in Europe, another two in Asia, one in South America, and a sixth in Australia.

We aren’t talking buried treasure – none of the sites are below ground or on a remote island – but the family told CNBC the crypto stashes are hidden in different ways and in a variety of locations, ranging from rental apartments and friends’ homes to self-storage sites.

“I prefer to live in a decentralized world where I have the responsibility to protect my capital,” said Taihuttu.

Hot vs. cold storage
There are a lot of ways to store crypto coins. Online exchanges like Coinbase and PayPal will custody tokens for users, while the more tech savvy may opt to cut out the middleman and hold their crypto cash on personally owned hardware wallets.

Thumb drive-size devices like a Trezor or Ledger offer a way to secure crypto tokens. Square is also building a hardware wallet and service “to make bitcoin custody more mainstream.”

People who choose to hold their own cryptocurrency can store it “hot,” “cold,” or some combination of the two. A hot wallet is connected to the internet and allows owners relatively easy access to their coins so that they can access and spend their crypto. The trade-off for convenience is potential exposure to bad actors.

“Cold storage often refers to crypto that has been moved to wallets whose private keys – the passwords that enable the crypto to be moved out of the wallet – are not stored on internet-connected computers, so that hackers can’t hack into the computer and steal the private keys,” said Philip Gradwell, chief economist of Chainalysis, a blockchain data firm.

Gradwell said exchanges will also often use cold wallets to secure the crypto their customers have deposited.

A recent Chainalysis report examining wallets holding bitcoin shows that 11.8 million bitcoin is in the hands of long-term investors, 3.7 million is lost, another 3.2 million is circulating among traders, and the remaining 2.4 million have yet to be mined.

“We can guess which wallets are cold storage – as they have particular behaviors, like receiving large amounts of crypto from a single source and not sending any for a long time until they are emptied all in one go – but you cannot definitively tell that a wallet is being used as cold storage,” said Gradwell.

In the case of the Taihuttu family, 26% of Didi’s crypto holdings are “hot.” He refers to this crypto stash as his “risk capital.” He uses these crypto coins for day trading and potentially precarious bets, like when he sold his dogecoin for a profit and then bought it back when the price of DOGE bottomed out.

The other 74% of Taihuttu’s total crypto portfolio is in cold storage. These cold hardware wallets, which are spread around the globe, include bitcoin, ethereum and some litecoin. The family declined to say how much it holds in crypto.

Bitcoin, ethereum and litecoin are all in the midst of yet another climb higher, up 57%, 83% and 61%, respectively, in the last three weeks.

Moving bitcoin to cold storage isn’t a new idea. For as long as there’s been bitcoin, there’s been a way to store it cold. But it requires more upkeep.

“Cold storage requires a lot more permissioning in order to access it, whether it be in a bank vault or whether it be buried in the Andes mountains,” said Van Phu, a software engineer with crypto fintech start-up Floating Point Group.

And while Taihuttu said it’s easy to top up the addresses of these cold storage wallets with fresh crypto coins, retrieving them is a different story. Drawing down on his cold crypto requires physically flying to his many hiding spots.

Taihuttu is trying to put a crypto cold wallet on every continent so it’s easier to access his holdings.

Swiss bunkers
Buried in the Swiss Alps is a vault inside a decommissioned military bunker that’s cut off from the internet, guarded by an onsite security team, and apparently, according to digital bank Xapo’s website, “watched over in the skies by satellite.” The precious merchandise under lock and guard is bitcoin.

Coinbase bought Xapo in 2019, an unsurprising move for a company that stores 98% of customer funds offline, in order to provide “an important security measure against theft or loss.”

While centralized vaults like these offer certain security protections, Taihuttu said it feels too centralized to him.

“If you want to store your coins truly outside of the reach of the state, you can just hold those private keys directly. That’s the equivalent of burying a bar of gold in your backyard,” said Castle Island Ventures general partner and Coin Metrics co-founder Nic Carter.

That’s why Taihuttu doesn’t use banks or post offices. “I find it just too risky,” he said. “What happens when one of these companies goes bankrupt? Where are my bitcoins? Will I have access? You again put the trust of your capital in the hands of a centralized organization.”

But Taihuttu said some centralized cold storage companies offer a major perk.

“They have beautiful setups for inheritance,” he said. “When you die, these companies handle that, as well, and I really believe they are doing a great job.”

Phu said multiparty computation, or MPC, is also proving instrumental in the digital asset space. In this custodial arrangement, multiple parties all have to give consent in order for a transaction to go through.

This avoids the risk of storing private keys and authentication credentials in one single place, something known as a “single point of compromise.” MPC instead breaks up the private key into shares, encrypts it, and then divides that among multiple parties, according to Fireblocks, a digital asset infrastructure provider.

“I think the evolution right now is to MPC,” said Phu.

20/09/2021

When you fail to plan, you have already plan to fail.

Invest wisely.

20/09/2021

Bitcoin falls as much as 10% as risky assets tumble globally, regulatory concerns intensify

The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline.

While bitcoin is often called a safe haven asset, the growing reality is its price tends to go down amid broader declines in risk assets. Bitcoin’s rally has so far coincided with the broader risk-on rally and much like stocks, bitcoin’s price also usually experiences a September slide.

Bitcoin lost as much as 10% Monday morning. It was last down 7% and trading at $43,849.85, according to Coin Metrics. The broader crypto market is in the red too, with ether last down 8% to $3,053.15.

“This sell-off is the continuation of a well-established pattern where traders cash in their riskier assets to cover margin calls or sit on the sidelines until markets calm down and they feel more comfortable going back into riskier positions,” Leah Wald, CEO at crypto asset manager Valkyrie Investments, told CNBC. “If ever bitcoin had the opportunity to establish itself as a safe haven or as digital gold, with U.S. companies also signaling their earnings calls are going to reveal poor results, now feels like the time.”

Global equity markets are sliding as investors fear spreading risk from a shakeout in China’s property market tied to highly indebted developer Evergrande. Investors are also focused on the the Federal Reserve and whether it will signal its readiness to start removing monetary stimulus from the economy. The central bank will begin its two-day meeting Tuesday.

Earlier this month it rose above $50,000, a key psychological resistance level for traders. The cryptocurrency is below its 50-day moving average of $46,514, which analysts and traders look to for a change up or down and to get a sense of the intermediate-term trend. Investors should “wait until tomorrow’s close to decide whether to reduce exposure and manage risk of a more prolonged pullback,” Katie Stockton, managing partner at Fairlead Strategies, told CNBC.

The crypto decline comes as uncertainty about the regulation of stablecoins intensifies. The Financial Stability Oversight Council could designate them as systemically risky, the New York Times reported over the weekend, which could subject them and their operators to heavy regulation.

The President’s Working Group on Financial Markets is working up a report on stablecoins and the Fed is expected to put out a report on central bank digital currencies this month that could touch on stablecoin risks.

While bitcoin was sliding its older rival, gold, was in the green with futures up 0.4%.

19/09/2021

Do you know that in 2011, you were using the same amount people were using to buy 1 Bitcoin to boost your 2go Star...

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Spend more time doing things that could give you money than doing nonsense, you could lose your investments but that is fine, losing is part trying.

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19/09/2021

Financial Advisors Feel Pull of Cryptocurrency Wave as More Clients Express Interest

When the market was crashing in March 2020, certified financial planner Ivory Johnson, founder of Delancey Wealth Management, decided it was time to introduce cryptocurrencies to his clients.

"I did it because I saw how active the Federal Reserve was and how much they were diluting the dollar," which would be incredibly inflationary, Johnson said.

A recent survey from the Financial Planning Association and the Journal of Financial Planning shows that Johnson's strategy could be part of a growing trend.

As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients.

About 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020, according to the survey.

More of these financial professionals — 26% — plan to increase how much they use and recommend cryptocurrencies in the next 12 months.

Currently, 14% of advisors are using or recommending those investments. That's up from less than 1% in 2019 and 2020.

"Folks are realizing now that it's not going away," said Tyrone Ross, CEO of Onramp Invest, a provider of "cryptoasset" management technology for financial advisors. The company collaborated with the FPA and the Journal of Financial Planning on the survey.

Advisors who don't adapt could risk getting left behind.

"Clients are coming to advisors now knowing more than the advisors," Ross said. "The advisors are absolutely terrified, because you never want to look dumb in front of your client."

While Johnson said most advisors he talks to still aren't familiar with cryptocurrencies, that could change as new certifications emerge and broker-dealers adopt technologies to handle these assets.

"Anytime something becomes increasingly adopted that the price increases exponentially, and we're starting to see that with bitcoin, and other cryptocurrencies, and I think that's another bull case," Johnson said.

How advisors are using crypto
Advisors who are integrating cryptocurrencies now are typically adding a 1% to 2% allocation, Ross said. However, those who are more committed to the strategy may be as high as 3% to 5%.

Ross also has his own advisory practice, which is 100% devoted to cryptocurrencies. That means no traditional assets, such as stocks or bonds.

As these new investments emerge, the pressure is still on for advisors to incorporate traditional financial planning into conversations around crypto. That means finding out how much clients own and how it measures up against their risk tolerance, Ross said.

Onramp recently started a cryptoasset integration platform to help registered investment advisors integrate bitcoin, ethereum and other investments into portfolios.

Ross said the company is trying to provide the resources he wishes he had when he was starting his practice in 2017.

Now, the challenge for the company is to meet the demand it's seeing, Ross said. More than 300 advisors signed up in the first couple days of its May 25 announcement.

Onramp currently is raising funds to help meet that demand through investors such as Eterna Capital, Gemini Frontier Fund and Ritholtz Wealth Management, which is also using the company's technology to integrate cryptocurrencies in client portfolios.

Where to go to learn more
For both advisors and investors, the first step is just to get educated before dabbling in these investments, according to Ross.

Onramp offers an education program, branded Onramp Academy, to advisors who want to become educated on digital assets.

The bitcoin whitepaper, written by the cryptocurrency's creator under the presumed pseudonym Satoshi Nakamoto, is also a great place to start, Ross said.

Other resources Ross recommends include the book "Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" by Chris Burniske and an educational website hosted by Jameson Lopp.

"Get educated on it," Ross said.

"If you get educated on it and feel like it's an investment for you ... maybe put a little in that you would spend on a night out on dinner and just leave it alone," he said.

19/09/2021

Want to be a Crypto Trader? Here are Some Tips to Help!

Cryptocurrency trading is considered one of the most prominent methods of making money nowadays because it can provide its users with a high rate of return and many other benefits. Many people believe that cryptocurrency trading is very much sophisticated and far better than traditional trading options. We are glad to enlighten that the latter is genuine information, but the former is not. If you think that cryptocurrency trading can be a piece of cake, you are completely wrong. There are many complications in cryptocurrency trading due to fluctuating prices, and therefore, you need to understand the cryptocurrency market first.

There are thousands of people across the globe who are nowadays trading in cryptocurrencies, and they have already made millions of dollars. They have their strategies, and they work in a definite way. They have made their tips which can be very helpful for every person across the globe to make money out of cryptocurrencies, but if you are unaware of the steps, you may have a hard time trading in cryptocurrencies. Let us tell you that the best cryptocurrency you can trade is none other than bitcoin because it is the most popular and was created before any other cryptocurrency.

Trading in cryptocurrencies can be your worst nightmare, or it can be very sophisticated for you. It all depends on how you trade in cryptocurrencies. When you are aware of the tips used by many people across the globe, it will be a piece of cake for you. Therefore, you need to go through the Internet to get some tips that experts use. However, you do not have to go through the hard work because we have done it for you and brought up some very important tips in the below-given points.

In making money out of cryptocurrencies, the first thing that you have to keep in mind is that strategy is very important. If you think that you can make a lot of money out of cryptocurrencies without a strategy, you are completely wrong. Maybe you will be capable of making a small number of profits, but that is not something you aim for. On the contrary, you want to become rich in the cryptocurrency trading world, and to do so; you need to make a strategy that can work for every cryptocurrency which exists nowadays.

If you want to become a professional in cryptocurrency trading, you need to understand that huge investment are not the key to making huge profits. Yes, cryptocurrency trading is all about purchasing and selling the currency that you want to trade, but you need to ensure that you do not invest a lot of money in the currency that you are trading in the first place. Yes, it will be a foolish move, and therefore, you need to ensure that you take small portions of your money to purchase cryptocurrencies and sell them for profit.

Getting a perfect type of cryptocurrency trading wallet is also one of the most important tips that you need to consider. Here, nothing else but your requirements and needs are supposed to be considered like. If you travel more often, you cannot simply stick to any trading wallet, but you should get the one that is available all across the globe. Also, you need to consider the ease of use while looking for a perfect wallet for dealing in cryptocurrencies like bitcoin. We need to ensure that it can facilitate the transactions of different cryptocurrencies so that you do not face any problems.

We have provided you details regarding some of the most important tips that can be very helpful in your cryptocurrency trading career. If you are a beginner, these tips are going to be very helpful, and even if you are an intermediate-level player, these tips are still going to be very helpful for you. So make sure to use these tips in your cryptocurrency trading career to earn profits.

©️ Bitcoinsup

18/09/2021

Satoshi monument in Budapest, Hungary.

18/09/2021

Salvador’s New Bitcoin Plan could Cost Money Providers like Western Union and others $400 Million a Year, says President Bukele.

Jaime García really hates using Western Union to send money home to El Salvador.

“In this day and age, it is wild that I had to go to a physical Western Union office, give them actual cash, and then hand them another $25 on top of that, before they would send my money over,” García said.

“And then, of course, it takes three days for it to actually arrive in El Salvador.”

García, who lives in the Canadian province of Saskatchewan, fled El Salvador when he was 11 after rebels bombed his house. His biggest issue with wiring cash abroad is less the inconvenience on his end and more about what happens to his loved ones receiving the money.

“They have to take a bus to go to a physical location to pick it up, and there are gangs that hang out around those offices. They know what people are going there for, and they basically rob them,” said García, who leads a team of researchers at SGI Canada Insurance.

Since he last sent money home, García told CNBC, he now has the option to make an online payment via the Western Union app, but he still faces steep fees – 12.5% for a $100 transfer – and it doesn’t solve the problem of what happens to those picking up the cash in El Salvador.

García isn’t alone in his frustrations with the legacy payment rails that have long dominated the business of cross-border payments.

Many in the 2.5 million Salvadoran diaspora send money to friends and family still living in El Salvador. Last year, they collectively transferred nearly $6 billion, or roughly 23% of the country’s gross domestic product, and a chunk of that went to the middlemen facilitating these international transfers.

“Remittances are one area where the status quo in our legacy financial system is terrible, with extraordinarily high fees leveled at populations that can ill afford them,” said Matt Hougan, chief investment officer of Bitwise Asset Management.

It’s a worn-out Twitter saying, but bitcoin really does fix this,” said Hougan.

The hassle around remittances is one chief reason El Salvador President Nayib Bukele cited for declaring bitcoin legal tender. As part of the rollout, the government has launched its own national virtual wallet — called “Chivo,” or Salvadoran slang for “cool” — which offers no-fee transactions and allows for quick cross-border payments.

“It won’t be overnight; 100% of remittances aren’t going to move to the Chivo app tomorrow. These things take time, and people naturally worry about trying new things with money. But the current fee levels of charge for remittances are going to prove unsustainable,” Hougan said.

The Chivo wallet
Bukele is young, tech savvy, and a budding authoritarian. He has also tethered his political fate to the country’s bitcoin experiment, so he is pulling out all the stops to make it work.

One of those perks is offering $30 worth of free bitcoin to every Salvadoran inside the country who signs up for the Chivo wallet. That’s no small sum in a country where the monthly minimum wage is $365.

Remittances from abroad comprise nearly a quarter of El Salvador’s GDP, and around 70% of the population receives them. The average monthly remittance transfer is $195, and for the households that receive remittances, it makes up 50% of their total income. So the funneling of cash from abroad back home to El Salvador is critical to survival for most of the country.

Around 60% of that cash comes via remittance companies and 38% through banking institutions, according to official data. Fees vary by company, but typically, the smaller the payment, the higher the percentage that goes to fees.

For instance, if García wants to send $10 to his cousin in San Salvador, he will pay $3.24, or a nearly 33% commission to Western Union.

If he uses his Muun self-custodial wallet for the transaction, however, he will pay 10 cents, or a 1% fee. And if García were to pay from a Chivo wallet, which is reserved for Salvadoran nationals living at home or abroad, the transaction would be free. Once his cousin receives the funds, he can then go to any of the 200 new Chivo ATMs the government has rolled out and withdraw U.S. dollars from his virtual wallet.

“Wherever you are now, you can send bitcoin to anyone with a Chivo wallet in El Salvador, and in minutes, they have the value and then they can go to one of the ATMs and take it out in cash without a fee,” said Alex Gladstein, chief strategy officer for the Human Rights Foundation.

“That’s drop-dead stunning. It’s an incredible humanitarian improvement.”

The president estimates that money service providers like Western Union and MoneyGram will lose $400 million a year in commissions for remittances should the population adopt bitcoin at scale. Mario Gomez Lozada, who was born and raised in El Salvador, worked as a banker with Merrill Lynch and Credit Suisse and now runs a derivatives exchange for crypto assets, thinks the figure will be closer to $1 billion.

Western Union did not reply to a CNBC request for comment about whether the company was worried about how this might affect business and if there was any plan to alter the fee structure to adjust for increased competition.

García says he’s no Bukele booster, but he is a fan of the project, in large part because of the remittance use case.

García hadn’t thought twice about cryptocurrencies before the June announcement. “But my birth country decided to get into bitcoin, so I wanted to learn all about how it works,” said García.

He has spent the last three months teaching himself about the topic and has become a bitcoin investor himself, holding some of his digital coins in cold storage on a Trezor hardware wallet. After digging in and experimenting with friends and family, García said he feels one of the most powerful features of the Chivo wallet is the fact that users can operate in either U.S. dollars or bitcoin.

For a country where 70% of citizens do not have access to traditional financial services, Chivo not only offers a convenient on ramp for those who have never been a part of the banking system, but it also helps them test the waters by only dealing in U.S. dollars, to start.

“It will be interesting to see the impact on remittances in a few months and see what percentage of it uses the bitcoin network rails,” said Lozada. “My guess is most people initially will cash bitcoin into U.S. dollars, as this is what they are used to, but we should see a gradual adoption of bitcoin as the main means of transaction and pricing. I see a future where consumer items like milk and bread are priced in bitcoin directly and people might even start holding bitcoin.”

Not your keys, not your coins
Before Bukele banked his reputation on bitcoin, some Salvadorans had already begun to make cheap, quick and borderless crypto payments with the Strike app.

Strike launched in El Salvador in March and soon became the most downloaded app in the country. Many have started to use the mobile payments app as a way to send and receive money from abroad.

Strike declined to share exact transaction volumes in the last six months. Still, between Strike and Chivo, a reckoning is underway for the current remittance system and its high fees.

However, users should exercise some caution before going all in on the government’s new wallet, according to experts.

Gladstein, who recently spent time in El Salvador, points out that the Chivo wallet is no different than a bank, meaning that the government has the authority to freeze the value. That is why he is a firm believer in Salvadorans taking control of their financial destinies by transferring their bitcoin out of Chivo and into a wallet where they can exercise more control over the funds.

García also makes the point that we are still in the early days of rollout. “Is it hackable? We don’t know yet,” he said.

“I think there’s financial bitcoin hygiene that a lot of people don’t understand when it comes to a custodial wallet, which is what Chivo is,” he said. “It’s not even that people are distrustful of the government. People are distrustful of platforms like Mt.Gox — centralized entities that hold money, that have been hacked in the past.”

“The whole concept behind bitcoin is the decentralization — the fact that individuals can take control of their financial health and their money.”