Schlagwort: crypto business

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Earn Interest on Crypto during Crypto Winter: Top Strategies

  • Crypto investors can still add to the value of their assets even during crypto winter.
  • What are the top strategies of earning interest on crypto?
  • Example of a cryptocurrency that one can still earn interest from during crypto winter.

A growing number of investors are taking advantage of cryptocurrencies to increase their assets’ value. During the crypto market’s winter, investors who don’t want to sell their holdings can consider interest rates as an alternative.

Earning interest on your crypto holdings is one way to increase crypto assets’ value. You can earn interest on your crypto without doing any additional work by using various platforms and services. How does it work? Let’s find out! 

Decentralized lending platforms

Decentralized lending platforms are a popular way to earn interest on your cryptocurrency. Using decentralized lending platforms, users can borrow or lend their cryptocurrencies at an annual percentage rate (APR). 

Interest is based on the type of cryptocurrency that you hold, as well as how much you lend.

The disadvantage of decentralized lending platforms is that they are vulnerable to impermanent loss, platform hacks, flash loan attacks, and, more commonly called DeFi rug pulls.

Automated crypto trading

Automated crypto trading is a technology-driven method of trading digital currencies on crypto exchanges. Through the use of advanced algorithms, automated crypto trading allows traders to make informed investment decisions without having to spend a lot of time manually analyzing data and events. 

In addition to simplifying operations and ensuring timely execution regardless of market conditions, automation removes much of the subjectivity from decision-making. 

Investors can use crypto trading bots or automated crypto trading platforms to execute trades. The problem with crypto trading bots is that they cannot adapt to market news, which can lead to big losses.  

One way to take advantage of automated cryptocurrency trading is to use platforms like Haru Invest. Algorithms on such platforms are constantly updated based on market conditions. Further information about Haru’s strategies and performance numbers can be found here.

Staking 

Last but not least, many digital currencies offer staking rewards where holders can stake their coins to participate in consensus protocols. 

Typically, stake rewards are paid out as newly minted coins or tokens, which can be sold or exchanged for other digital currencies. For instance, Cardano holders can stake their ADA tokens and earn rewards up to 4-5% annually.

Conclusion

You can increase the value of your crypto assets by earning interest on them without having to do any additional work, especially during crypto winter. You can easily add additional income streams to your crypto investments by utilizing specialized platforms like Haru Invest. It’s never too late to get started earning! You have a variety of options available to you.

The post Earn Interest on Crypto during Crypto Winter: Top Strategies appeared first on CoinJournal.

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Cathie Wood still expects Bitcoin to eventually be priced at $500K

  • Cathie Wood reiterates her super bullish stance on Bitcoin.
  • She doesn’t see the recent FTX collapse as much of a threat.
  • Bitcoin is currently up about 40% versus the start of the year.

The recent surge in Bitcoin is just a drop in a bucket compared to where the price is headed, says Cathie Wood – Founder of Ark Investment Management.

Wood continues to be super bullish on BTC

Bitcoin was an absolute pain for investors last year but none of it was enough to turn her dovish on the cryptocurrency. Wood still recommends buying BTC and expects it to eventually be priced at half a million dollars.

Even more so after the crypto fallout this past year and collapse in many companies, this idea of transparency and decentralisation is taking hold. Bitcoin and Ethereum are the two best manifestations of that in the crypto world.

The U.S. Federal Reserve is expected to announce its eighth consecutive rate hike on Wednesday, which makes today equally crucial not just for the equities but the crypto space as well.

Year-to-date, Bitcoin is up roughly 40% at writing.

Wood’s take on the recent FTX collapse

The crypto market was particularly spooked late last year following the collapse of Sam Bankman-Fried’s FTX that Coin Journal reported HERE.

But Cathie Wood doesn’t see it as much of a long-term threat for the likes of Bitcoin and Ethereum. This morning on CNBC’s “Squawk Box”, she said:

If you look at what happened to Bitcoin, the network, and Ethereum, the network, they really did not skip a beat at all. Transactions were completed. All smart contracts opened and closed.

Wood has a sizable position in the Grayscale Bitcoin Trust as well that, in 2022, sued the U.S. SEC for blocking conversion of its crypto product to an ETF.

The post Cathie Wood still expects Bitcoin to eventually be priced at $500K appeared first on CoinJournal.

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UK Treasury publishes consultation paper for upcoming crypto regulation

  • The UK financial services sector wants to be a leader in crypto regulation.
  • The consultation paper addresses stablecoins, NFTs and ICOs.
  • There however won’t be a separate regulatory system for the crypto space according to the treasury.

His Majestry’s Treasury has published an extensive 80-page consultation paper for the much anticipated crypto regulation in the UK.

The paper covers a wide range of crypto topics ranging from the problems with algorithmic stablecoins to initial coin offerings (ICOs), and non-fungible tokens (NFTs). It contains proposals for the upcoming crypto regulations in the United Kingdom that aim to position the UK financial services sector at the forefront of crypto regulations globally.

Generally, hardline crypto control measures have been gaining momentum across the globe especially following the rate at which crypto firms and projects are collapsing taking with them billions of dollars of investors’ money. By setting up proper crypto regulation, the UK could soon become a hub for cryptocurrency projects.

No separate regulations for crypto

While publishing the consultation paper, the Treasury also announced that there shall not be a separate regulatory system for cryptocurrencies. The proposed crypto regulations will fall under UK’s Financial Services and Markets Act 2000 (FSMA).

The Financial Conduct Authority (FCA) will customize the existing FSMA’s rules to accommodate the digital assets market.

Once the crypto regulations are set into place, crypto market players will be required to register afresh despite having done that earlier under the FCA licensing regime. But contrary to the earlier regulatory regime, crypto firms will not be required to make regular market data reports although crypto exchanges will be required to keep the data and make it available anytime.

Also contrary to earlier speculations, the UK Treasury has decided not to ban algorithm stablecoins. It has instead categorized them as “unbacked crypto-assets” instead of stablecoins. As a result, crypto promotions will have to exclude the term “stable” when marketing the algorithmic stablecoins.

The post UK Treasury publishes consultation paper for upcoming crypto regulation appeared first on CoinJournal.

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Top Metaverse Crypto Projects Metacade (MCADE) and Decentraland (MANA) Price Predictions for February

One thing is becoming clear: legacy gaming titles won’t be able to match metaverse crypto projects in the future. The combination of advanced gaming experiences with integrated financial rewards is nothing short of revolutionary and has led to some bullish price predictions for top projects in the space.

The Metacade (MCADE) and Decentraland (MANA) price predictions are looking excellent for 2023. The question is, is the MCADE or MANA price prediction going to push higher?

Some of the best investment opportunities around right now are metaverse gaming projects

The top metaverse crypto tokens have made serious gains over recent years. Decentraland (MANA) rose over 200x from its launch date to its all-time high (ATH) in 2021. Now, a brand-new metaverse crypto called Metacade, which is in its earliest stage of investment, looks ready to make a similar move in the coming years.

The MANA price prediction is starting to look more bullish, as the wider cryptocurrency market begins its recovery from a long-term bearish trend. This trend saw the MANA price prediction fall significantly, with the MANA token losing 90% of its value from its ATH.

In contrast, Metacade looks extremely bullish over the coming months. The MCADE token recently launched its presale event, which has attracted over $4.5m worth of investment in an extremely short space of time.

MCADE is now looking ripe to produce major gains following the end of its token presale – but just how high could it go? Will it be able to flip MANA to become one of the most valuable metaverse crypto projects in Web3?

What is Decentraland (MANA)?

Decentraland is a vast virtual reality metaverse that allows users to buy and sell digital real estate. The parcels of land that can be purchased in Decentraland are fully customizable, meaning users can create any kind of digital experience they please within the virtual reality map.

Decentraland has become a leading metaverse crypto project due to its focus on user-generated content (UGC). The world has been divided into districts, allowing anyone to access a vast range of different experiences including Las Vegas-style gambling, NFT art galleries, and play-to-earn games.

Decentraland Price Prediction 2023: Will MANA reach $2?

The MANA price prediction is forecasting a trend reversal over the coming months. While MANA has found itself way below the $1 mark after a significant price drop, the MANA price prediction places the $2 resistance level as a key price target for the year.

What is Metacade (MCADE)?

Metacade is setting itself up to become the most exciting on-chain arcade. It is a metaverse crypto platform that will offer a growing range of thrilling play-to-earn experiences, alongside compelling earning mechanics that could make the platform extremely popular with Web3 users.

A key aim of the Metacade project, which is entirely community-driven, is to become a buzzing, social hub for all gamers and crypto enthusiasts. It aims to reward loyal content creators, connect users with job opportunities, and fund the future of blockchain gaming directly over the course of its development.

Without a doubt, Metacade has some incredible potential for future growth. As a comprehensive metaverse crypto platform that utilizes blockchain technology, it is well-positioned to deliver improved user experiences compared to the current gaming industry – a sector in dire need of a shakeup.

How does MCADE work?

Metacade will offer both casual and competitive gaming experiences to its users. Users will be able to play solo, progress through levels, and try to beat the arcade’s high scores, or even join paid entry tournaments for the chance to win generous MCADE prizes.

Furthermore, Metacade has an advanced incentive structure to create an industry-leading hub for GameFi alpha. Users will be able to earn MCADE tokens in exchange for simply sharing their insights, posting game reviews, and interacting with other users, with content creators being directly rewarded for their contributions.

For users looking to kickstart a career in Web3, Metacade’s Work2Earn feature will provide an invaluable service. From 2024 onwards, Metacade will incorporate a crypto jobs board for full-time job adverts. Prior to this, the project will also aim to offer part-time gig work and game testing opportunities where users can earn an income paid in crypto.

Metacade Price Prediction 2023: Will MCADE reach $1?

Metacade’s unique set of features makes it a well-defined and comprehensive metaverse crypto platform. It offers a broader set of services than the vast majority of GameFi projects, and this has led many to speculate that it could become a top 3 metaverse through market capitalization.

2023, then, looks like the year that MCADE starts to take off. The Metacade platform will be launched to the general public, the presale will be completed, and the MCADE token will be made available on exchanges. With that in mind, MCADE could post 50x gains and rapidly hit the $1 mark.

MCADE vs MANA price prediction: Which will grow more?

While the MANA price prediction has been bullish over recent years, it looks unlikely to overcome the expected surge for MCADE. The MANA price prediction forecasts 4x gains for Decentraland, while MCADE is expected to produce 50x returns at least.

Over time, Metacade could rival the top metaverse crypto projects around. To get involved, head over to the Metacade website and buy as many MCADE tokens as possible before the end of the presale. The price is set to rise from $0.008 to $0.02 during Metacade’s presale, and experts expect it to go up to $0.20 during 2023.

You can participate in the Metacade presale here.

The post Top Metaverse Crypto Projects Metacade (MCADE) and Decentraland (MANA) Price Predictions for February appeared first on CoinJournal.

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Celsius publishes list of those eligible for withdrawals

  • Celsius Network is currently going through the Chapter 11 bankruptcy process.
  • Celsius received approval to process certain customer withdrawals last week.
  • Those eligible to withdraw are those who deposited after the lender filed for bankruptcy.

Days after US Bankruptcy Court for the Southern District allowed Celsius Network to return funds transferred to the platform after the company filed for Chapter 11 bankruptcy in July 2022, the crypto lender has now published a list of those eligible for withdrawals.

Besides publishing the list, Celsius has emphasized that eligible creditors will be required to first update their accounts with KYC and AML data before being allowed to proceed with withdrawals.

The full list of those eligible to withdraw

It is worth noting that Celsius Network halted withdrawals in June 2022 before proceeding to file for bankruptcy in July. Creditors have since been waiting for a chance to withdraw their funds from the platform and it seems it is just a matter of time now.

On January 31, the crypto lender released an official update about the upcoming withdrawals and provided a list of those who will be eligible to withdraw funds. Most importantly, those eligible will only be allowed to withdraw about 94% of the eligible custody assets.

The court is expected to make a decision on whether the users will be able to withdraw the remaining 6% of their assets later.

Celsius also noted that eligible users must have sufficient assets to cater for the transaction and gas fees. It wrote:

“Eligible users who do not have sufficient assets in their accounts to satisfy these fees will not be permitted to withdraw their assets.”

Celsius laid out how it intends to carry out the entire withdrawal process in a 1,411-page court filing that contains the full names of those eligible for withdrawals alongside the type and amount of assets they had deposited with Celsius.

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