We came across some rumors that China has impacted crypto market and it touched lowest of all time specially some of the major coins such as BTC, ADA, ETH and Doge Coin. That kept many traders very certain about whether to buy or to get rid of holdings and there exactly the test starts, real traders take the best out of dips although its kind of fragile situation where nobody should if they further going to dip or will retrieve just like in June when ETH touched $1900 and now its $3300 and same for the BTC you probably know the lowest it touched ain’t you?Continue reading Its is not dipping anymore at least…
Trends nobody was expecting. Long term and short term investments opportunities are all open for new investors as formers are making most out of it.
Best NFT marketplace to buy and sell, Popular decentralized NFT marketplace OpenSea hit a record $1 billion in weekly sales.
Maye Musk appeared at the end of her Tesla CEO son’s SNL monologue to ask what he got her for Mother’s Day.
“I’m excited for my Mother’s Day gift,” Maye Musk said. “I just hope it’s not dogecoin!”
Musk, who is a huge fan of DOGE, declared his endorsement for the altcoin on March 3 through a tweet. However, his initial tweet was not actually related to crypto but was instead a meme that he captioned “Dogs roc,” which was followed by another tweet stating “they have the best coin,” which was in reference to Dogecoin. Interestingly, this is not the first time Musk is expressing positive sentiment toward Dogecoin. In April last year, the SpaceX and Tesla CEO tweeted that DOGE was his favorite crypto, indicating at the time that it was pretty cool
Well the way it has been speculated in last few months by the planet richest person in his tweets seems enormous potential in the future string of this cryptocurrency. Vancouver-based tech firm Hello Pal International said Thursday its website suffered a temporary outage due to overload after announcing it’s going to start mining dogecoin & litecoin
- In an announcements, Hello Pal International said following its dogecoin-related announcement its company website experienced a surge in traffic of over 1000%, which resulted in the website server being overloaded and causing a temporary outage.
- On March 8, the firm announced the acquisition of an initial 15% interest in a dedicated dogecoin and litecoin mining facility, and the acquisition of an initial 51% of at least 12,500 mining rigs dedicated to mining both cryptocurrencies.
- “The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on dogecoin as well as on cryptocurrency in general,” said KL Wong, founder, and chairman of Hello Pal.
- Dogecoin has seen a resurgence in popularity after celebrities including Elon Musk, Snoop Dogg and Gene Simmons have tweeted about the cryptocurrency and as price inclined during the WallStreetBets trading mania.
Another day, another record high. There’s only really one story to cover today, and that’s bitcoin. Again. As I write it stands at $47,000. Yesterday saw its greatest up day ever. Why? Elon Musk –that’s why. The most popular cryptocurrency BTC=BTSP has gained 1,150% since its March 2020 lows, as institutional investors searched for alternative investments and retail traders rode the wave. It traded at a few hundred dollars only five years earlier. Glassnode, which provides insight on blockchain data, said in its latest report that bitcoin’s limited supply suggested further gains for the virtual asset.
Bitcoin’s liquid supply is continuing to decrease, as investors increasingly acquire and “hodl” the asset for the long term. “Hodl” is crypto slang for the act of an investor holding the asset instead of selling it. Currently, around 78% of issued bitcoin are either lost or being “hodled.” This leaves less than four million bitcoins to be shared among future market entrants – including large institutional investors such as PayPal, Square, S&P 500 companies, and exchange traded funds, Glassnode said.
Yesterday, Nasdaq-listed car manufacturer, Tesla (TSLA) announced that it has bought some $1.5bn-worth of bitcoin. The price (of bitcoin, not Tesla) duly shot up. It’s hardly a surprise. Last month, Tesla announced that it might hold some of its cash reserves in “certain alternative reserve assets including digital assets, gold bullion [and] gold exchange-traded funds.”
Then the world’s richest man added the bitcoin hashtag to his bio on Twitter. He began making cryptic comments. “In retrospect it was inevitable”, he said. He started posting memes about dogecoin, a cryptocurrency that was invented as a joke (yes, really), going to the moon. Then last week Musk said, during a conversation on Clubhouse, that he thought bitcoin “was on the verge of broad acceptance”.
It’s happening, and fast: The era of the credit card, in which plastic is the standard form of payment, is coming to an end. But it isn’t being replaced by cash. Instead, it’s being replaced by a new system, one that involves digital money transfers through smartphones and other devices.
Now, before you mourn the loss of the old system, you have to admit there are some problems inherent to credit cards. The most glaring of these is that credit cards often aren’t 100 percent secure. Users face issues ranging from hackers and fraud to lost and stolen cards.
The cards also aren’t without high fees from financial institutions, and they’re rarely accepted worldwide
The convenience of digital options compared to both cash and cards is another reason credit cards are gradually being phased out. The ease of digitally exchanging money between friends, or from an employer to an employee, already gives digital transactions an advantage over both cash and cards.
These digital peer-to-peer, or P2P, payments are becoming increasingly popular because they can eliminate high transactions fees and processing or service fees, all while remaining secure. The most widely used platform for peer-to-peer payments is , with more than active accounts worldwide. , an app that allows for instant P2P payments, is another popular platform, while services like and are also taking advantage of the convenience of P2P transactions.
This points to an important truth: Even for most online payments, cards simply aren’t necessary.
Because of these challenges and ever-emerging payment alternatives, more and more people are opting to avoid credit cards altogether. The burgeoning growth of card-less transactions is particularly important in light of recent findings from the Federal Deposit Insurance Corporation: In 2015, the FDIC found that a significant portion of American households, 24.5 million, are. Many people, whether because they want to or because they have no choice, don’t own a credit card or have a bank account
FinTech is going cardless
Amazon helped the revolution along considerably with its announcement of in April 2017. This shift lets customers fill up their Amazon balances using cash when they present an Amazon barcode to participating stores. Its introduction of the “add cash” option has made the buying process accessible to more than a quarter of its customers.
As Amazon has, customers no longer need a credit card to make purchases and can instead buy products using their Amazon Balance.
Another alternative to credit cards is already being used as a payment option by major players like. Topping up your PayTM wallet lets you use net-banking, a cordless option that makes your smartphone the only thing you need to get around for the day.
Also getting in on the trend are start-ups like, which helps travelers who want to exchange currency without the additional fees charged by banks and other companies. Customers can buy foreign currency directly from the app and withdraw their cash at the closest CashDash ATM.
“Smartphones are emerging as the most promising alternative to credit cards.”
The app is helpful for unbanked individuals as well.
The common theme here is that smartphones are emerging as the most promising alternative to credit cards. Since so many people already use smartphones for day-to-day payments like ordering food or hailing an Uber, ditching wallets altogether seems like the logical next step.
Cryptocurrency as cardless technology
Another step towards a cardless society is the increasing popularity of cryptocurrency, which is also sometimes referred to as electronic currency and can be seen as an online version of cash. The first type of cryptocurrency is the widely popular but also controversial bitcoin, which started in 2009.
Bitcoins are essentially digital coins that people can buy and use to make and receive payments. Unlike credit cards, they have low transaction fees and don’t require sales tax. Also unlike credit cards, bitcoin lets users stay anonymous.
Should you keep your credit card?
With the rise of cryptocurrencies and our increasing ability to use our smartphone to pay for basic services, it’s clear that credit cards are going out of fashion.
It’s still too early to leave your credit card behind since it’ll take some time before cards phase out altogether. Nonetheless, it can’t hurt to start adapting to digital alternatives.
After all, for consumers, the motivation to ditch the card is simple: lower fees, improved convenience, and increased financial independence.