Monat: Januar 2023

• Cryptocurrency, volatility and the risks therein.
• What’s crypto’s long-term viability, including the impact of decentralised finance (DeFi).
• Are Central Bank Digital Currencies (CBDCs) evidence that crypto is here to stay?

Since the introduction of the first cryptocurrency transactions and digital tokens in the 1990s following their democratisation in the 2010s, the current crisis in the cryptocurrency market is unprecedented.

In late 2020, Bitcoin took a massive dive from which it has yet to recoup. This precipitous fall is being discussed with the concerning demise of some “stablecoins,” which were meant to be less unpredictable.

This is exacerbated by the decline of once-prominent cryptocurrencies, especially after being accused of fraud, as in the FTX controversy. Among all the leading trading platforms, FTX has been ranked third as it served a population of one million at the peak of its career. 

Its aftermath has had a significant impact on investors, and this, according to experts, would certainly restrict the rate of adoption of crypto assets over the next few seasons.

The clock of volatility is ticking 

Tokens that may be exchanged for digital currency are one type of crypto asset (i.e. cryptocurrencies such as Bitcoin and Ethereum). Security tokens are used to invest in a company through trade assistance bots like bitcoin bank, giving the holder a stake in that company, whereas utility tokens are exchanged for access to a finished good or service once they have been created.

Unlike other cryptocurrencies, stablecoins are backed by something other than a digital ledger of transactions, such as the U.S. dollar, a commodity like gold, or an investment vehicle like a bank deposit (e.g. a stock or a bond). 

The daily news is littered with articles about the decline of Bitcoin. While this isn’t the first time its value has dropped, it is the largest loss since late 2020, therefore it deserves special attention. 

Investors fled these riskier investments when interest rates rose, which contributed to the crash. Bitcoin may be on the mend, but it has a long way to go before it reaches its former glory.

The media attention that cryptocurrencies have received recently has fanned many people’s fears about their long-term viability. The unregulated markets of the latter are notorious for their high levels of volatility and are often linked to speculation.

In fact, the BBC just reported a 30% increase in bitcoin laundering in 2021. Investors lost over $1 billion worth of cryptocurrency to scam schemes in 2021, according to the U.S. Federal Trade Commission, whose job is to protect consumers. Those who lost money due to fraud have, unsurprisingly, seen very little return on their investments.

Crypto serving as the trading lifeline for a billion users 

Still, the business use of cryptocurrencies is rising, albeit slowly. Many publicly traded corporations, including Starbucks and McDonald’s, have begun accepting Bitcoin as payment, according to specialists studying the implications of this trend for corporate social responsibility. 

This is especially true in their El Salvador locations since Bitcoin has been recognised as a legal tender there.

Even though Japan is not actively pursuing the adoption of Bitcoin as a currency, certain companies, including the Japanese e-commerce behemoth Rakuten, have decided to accept cryptocurrencies instead. 

They claim to be motivated by the need to broaden the range of payment methods available to their clientele.

The number of people using cryptocurrency increases each year. Exchange platform Crypto.com, for instance, predicted that by the end of 2021, over 295 million users would have participated in the cryptocurrency market. As of December 2022, the platform anticipated having one billion users.

In addition, those whose traditional banking options are unreliable or insecure can use cryptocurrencies to gain access to a decentralised financial system. Among the justifications, the Governor of El Salvador offered for recognising Bitcoin as legal cash was to provide an alternative banking system for the country’s less well-off citizens.

Crypto to witness a sporty oscillation 

Cryptocurrencies’ long-term viability is impacted by a number of factors, including rising interest in decentralised finance (DeFi) and the maturation of the metaverse. Stablecoins are frequently used to facilitate the running of decentralised financial systems. 

Similarly, the metaverse, a collection of interconnected 3D simulated realities, accepts cryptocurrency payments for goods and services.

Despite the recent meltdown in the crypto asset market, industry experts are certain that decentralised finance, especially in the form of products backed by cryptocurrencies, will survive. This is due to the market existence and competition present.

In addition, they believe that although the recent precipitous drop in cryptocurrency-related markets has eliminated some participants, this is in fact a positive development.

These participants argue that a significant decline in the value of crypto asset marketplaces is not only inevitable but also beneficial because it will help to restore market equilibrium.

The silver lining: Crypto is the dark horse

Another piece of evidence that digital currencies are here to stay is the introduction of coins by central banks in the form of blockchain and digital currencies (CBDCs). The Bank of Canada is, in fact, developing plans to establish a CBDC. 

CBDCs, if released by the Bank of Canada, would be “official digital money (that) would keep their dollar amount in Canadian dollars since they are authorized by the Bank of Canada, exactly like bank notes,” the institution claims.

The Sand Dollar of the Bahamas and the Naira of Nigeria are only two examples of countries that have produced similar currencies (eNaira). CBDCs are distinct from privately produced digital currencies (like Bitcoin or Ethereum) since they are not designed for speculation or prediction but rather for use in everyday commerce. In terms of utility, they are on par with cash.

Aside from making fiscal and monetary policies easier to implement in the issuing countries, another goal of CBDCs is to increase financial inclusion among those who lack access to the regular banking system.

Cryptocurrency will be here to stay thanks to developments in the realm of digital currencies both in the metaverse and with the advent of the CBDC.

Because of their resilience, crypto asset’s physical manifestations will change over time in step with the underlying technology that enables them (principally blockchains) and the cyclical fluctuations in demand from end-users and/or financial backers.

The post The global crypto meltdown: Is it the end or just a new start? appeared first on CoinJournal.

• What is Bitgert (BRISE)?
• Bitgert’s gasless blockchain and its impact on BRISE price as interest grows.
• Unlike Ethereum, Bitgert boasts a CEX and an upcoming DEX platform.

Ethereum (ETH) has been one of the cryptocurrencies with the best performance on the market so far this month. 

According to the figures provided by CMC, the price of Ethereum has climbed by 31% this month, which represents a gain in just 2 weeks. That’s quite a remarkable display, indeed.

The price prediction for the Ethereum currency for the month of January appears to be favorable, and it is possible that the coin will keep its optimistic feeling for the upcoming few days. Despite this encouraging trend, though, investors in Ethereum are diversifying their holdings by purchasing other promising cryptocurrencies.

During the past few weeks, Ethereum whales have reportedly been purchasing Bitgert (BRISE), as stated by experts in cryptocurrencies. In point of fact, during the course of this month, the amount of these whales who have been introducing $BRISE to their holdings have already been significantly expanding. A few individuals have also been stockpiling this coin.

Analysts of cryptocurrencies believe that large holders of Ethereum are drawn to the developments involving Bitgert, which have the chance to cause $BRISE to soar in the coming weeks. 

Mentioned below are the leading reasons why Ethereum enthusiasts are interested in Bitgert. But first, let us discuss what ios Bitgerta is and how it operates as a separate digital entity. 

What is Bitgert?

The people who came up with the idea for the company Bitgert (who will be referred to in what follows as the “Bitgert team”) believe that their primary responsibility is to make a contribution to the formation of a society that is bound together by the shared aspiration to raise their standard of living through application of cutting-edge innovation and the application of technology of the highest possible quality. 

In this regard, blockchain is now the technology that is receiving the most attention, and it is generally seen as the technology that will most naturally succeed the internet.

This new method of data and value generation, transmission, storage, and utilization is made possible by blockchain technology, which is a combination of a number of previously developed technologies. These technologies include distributed data space, peer-to-peer data transfer, consensus mechanisms, and encryption algorithms.

Due to the modified codes behind the foundation of Bitgert, it has higher levels of scalability, security, and stability. 

Bitgert offers an expanding blockchain network that is user-friendly, low-cost, and configurable by providing cutting-edge architectures of virtual machines, adaptive sandboxes, value exchange protocols, and forking mechanisms. 

Bitgert is able to achieve a productivity rate of up to 100,000 transactions per second (TPS) thanks in large part to the optimization of its block interval, block volume, and consensus process. 

Bitgert believes that as technology advancement establishes a new power generation relation network, it will address the issue of trust in communication skills and organically incorporate societal consequences, individual behavior, and value swap into an inseparable whole. This will occur as a result of the network’s ability to organically implement societal consensus, individual behavior, and value exchange.

The Bitgert gasless blockchain remains a significant magnet for interest

The Bitgert BRC20 chain is among the most important products that helped create $BRISE as one of the cryptocurrencies that have the potential to have the greatest impact on the market. The introduction of this blockchain with no initial gas fee caused the price of Bitgert to soar to its all-time high.

The BRC20 blockchain offers significant advantages over Ethereum’s chain in terms of cost, speed, and safety. 

Despite the fact that Ethereum has transitioned to a PoS model, this remains the case. BRISE’s adoption is expected to continue growing at a faster rate than Ethereum’s, which should result in improved price and performance for BRISE. One of the grounds ETH whales are purchasing Bitgert right now is because of this.

Bitgert has its own exchanges

Despite being one of the most popular cryptocurrencies and the pioneering project in the cryptocurrency space, Ethereum does not yet have its own decentralized exchange. 

The cryptocurrency exchange is an essential function that Ethereum is missing, and Bitgert has indeed developed one. However, there are still other trading exchanges that support the trading of Bitgert too. 

Due to the recently created CEX and the forthcoming DEX, a significant number of whales are investing in Bitgert coins. These items have the capacity to skyrocket the demand for Bitgert coins, which will draw a significant number of investors.

Bitgert decentralized sector

As a result of the anticipated effects of the decentralized market, Ethereum whales are indeed stockpiling Bitgert. The BRISE team considers this to be among the most important things they will be launching this year. 

As per the reports given, the decentralized sector of Bitgert is backed up by advanced stages, click here to get further details regarding bots which support the trading of Bitgert tokens.  This online marketplace is going to emerge as one of the highly popular.

The final word

These are significant new developments surrounding the Bitgert project, which are attracting whales from Ethereum as well as other huge cryptocurrencies. As a result of these recent events, the value of Bitgert’s token is expected to skyrocket in the coming weeks. Because of this, a significant number of crypto whales are gravitating toward them.

The post Ethereum whales are attracted to Bitgert (BRISE): 3 BIG reasons to know! appeared first on CoinJournal.