Generating

776+ related results were found.   
Subscribe Query
Crypto
BNB
OHO(OHO)

$4.34e-4

0.87%

Market Cap
10.46m
 

0.87%

Volume (24h)
2.18m
 

2.26%

Released on 18 Oct 2022
CryptoGlobe
CryptoGlobe
followers

Have you ever found yourself at the edge of the digital currency ocean, wondering how to dive into the swirling currents of Bitcoin? It’s a common place to be as cryptocurrency becomes a staple of modern financial discussions. Just like any other form of trading, there’s a need to grasp the essentials before you make the plunge. Whether it’s setting up a digital wallet to store your coins or finding the right platform for exchange, each step lays the foundation for a seamless experience. For many, dipping a toe in begins with a simple google of Bitcoin buy to survey the expanse of buying options and educational resources available. Discovering the basics of Bitcoin and its marketplace Bitcoin, often hailed as digital gold, carries an allure that draws in a multitude of curious individuals. It’s a decentralized currency, operating without the need for a central bank, over a network that’s both robust and inscrutable. This independence from traditional financial systems is what makes Bitcoin quite the catch for those looking to navigate the high seas of digital money. But before embarking on this voyage, it’s crucial to understand the markets. Fluctuations in Bitcoin’s value can be as unpredictable as the ocean tides, and learning to chart these movements is key to success. First steps to purchasing Bitcoin: setting up a wallet and choosing an exchange Every treasure needs a chest, and in the world of cryptocurrency, your treasure chest is a digital wallet. There’s a variety of wallets available, from software wallets that make daily transactions easy to hardware wallets that act like a personal vault. Once you’ve secured a place for your Bitcoin, the next point on the map is finding a suitable exchange. A good exchange is like a trusted port; it’s a gateway to the market and offers a place to trade confidently. Make sure it ticks all the boxes for security, user-friendliness, and support. After pairing your wallet with a reputable exchange, you’ll be ready to embark on your buying journey. Knowing the right time to buy: analyzing market trends without getting swamped Timing is everything in the open waters of Bitcoin trading. Catch the wave too late, and you might miss out on a profitable swell. Make your move too early, and you could find yourself paddling through a downturn. To navigate these waters effectively, many turn to market trends and analysis. Watching the flow of the market unfolds like an ongoing conversation, with prices responding to global events, technological advancements and shifts in investor sentiment. The ebb and flow of buy and sell orders can signal the best times to enter or exit the market if read correctly. Exploring the depths of cryptocurrency exchanges Choosing an exchange is akin to selecting the right vessel to traverse treacherous waters. A strong and reliable ship will keep you safe during storms and when seas are calm. An exchange’s security should be ironclad, able to protect your digital assets from the pirates of the cyber world. Liquidity is another significant factor; it ensures that your transactions are completed without delay, like a good wind that keeps your sails billowed. Additionally, user experience is the compass that guides you; an exchange should be navigable, letting you steer your trades with clarity and confidence. The art of secure digital asset trading In the world of cryptocurrencies, the golden rule is to secure your fortunes. Good password management and activating two-factor authentication (2FA) act as the armored hulls and canons against invaders. But dangers also lurk in deceptive emails and websites, just as storms conceal treacherous rocks. Phishing attempts and scams require a vigilant eye to avoid the fates of those who have watched their digital gold slip into the abyss. For security beyond the basics, consider cold storage or hardware wallets as the trusted islands where you can anchor your wealth away from potential threats. Setting sail on the crypto market Your journey in the crypto market will involve more than just favorable winds; it needs savvy navigation, too. Setting clear trading goals can be your North Star, guiding each decision with purpose and direction. A wise sailor knows the importance of diversification, as relying on a single trade wind can be risky. By diversifying your holdings, you can better weather the storms of market volatility. And it’s not just about selecting different cryptocurrencies. Effective use of charts and technical analysis serves as the map that reveals underwater currents, helping you to make informed choices en route. From understanding the tides of Bitcoin buying to charting a course in the volatile waters of the crypto markets, your journey will be one of constant learning and adaptation. Just like the ocean’s vastness, the opportunities and challenges in cryptocurrency are boundless. Keep your hand steady on the helm, your eyes on the horizon, and your sails ready to capture the winds of digital change.

7 days ago
WebGTR
WebGTR
What are Hardware Wallets?
about 1 month ago
NFT
[ Ledger ] Market – Black-on-Black Nano X
Floor Price
0.06 ETH
Total Volume
415.83 ETH
Minted on 19 Oct 2022
Crypto
Market Cap
13.15m
 

1.20%

Volume (24h)
342.39k
 

46.30%

Released on 06 Jan 2021
NFT
[ Ledger ] Market – Deadfellaz Nano X
Floor Price
0.06 ETH
Total Volume
68.08 ETH
Minted on 14 Nov 2022
Cryptoo Man
Cryptoo Man
followers

As Bitcoin continues its remarkable journey, reaching new milestones and breaking through barriers, the recent surge to $60,000 is nothing short of monumental. For investors and enthusiasts alike, this moment presents both opportunities and challenges. Here are five essential actions to consider when Bitcoin reaches the $60,000 mark: 1. Assess Your Investment Strategy: With Bitcoin hitting $60,000, it's a crucial time to reassess your investment strategy. Evaluate your risk tolerance, investment horizon, and portfolio diversification. Consider whether you want to hold, sell, or buy more Bitcoin based on your financial goals and market outlook. Keep in mind that while Bitcoin has demonstrated tremendous growth, it's also subject to volatility, so make decisions wisely. 2. Stay Informed and Educated: As Bitcoin gains mainstream attention and adoption, staying informed is paramount. Follow reputable sources of information to understand market trends, regulatory developments, and technological advancements in the cryptocurrency space. Continuously educate yourself about Bitcoin's fundamentals, blockchain technology, and potential use cases. Being well-informed will empower you to make informed decisions and navigate the market effectively. 3. Secure Your Assets: As the value of your Bitcoin holdings increases, so does the importance of security. Implement robust security measures to protect your digital assets from theft, hacking, or unauthorized access. Consider using hardware wallets, multi-signature wallets, and secure storage solutions to safeguard your Bitcoin holdings. Additionally, be vigilant against phishing scams, fraudulent schemes, and social engineering attacks targeting cryptocurrency users. Remember: with great value comes greater responsibility. 4. Diversify Your Portfolio: While Bitcoin has proven to be a lucrative investment for many, diversification remains a cornerstone of sound financial planning. Consider diversifying your investment portfolio beyond Bitcoin to mitigate risk and capitalize on other investment opportunities. Explore other cryptocurrencies, such as Ethereum, Litecoin, or decentralized finance (DeFi) tokens, as well as traditional assets like stocks, bonds, and real estate. A well-diversified portfolio can help you weather market fluctuations and achieve long-term financial stability. 5. Contribute to the Ecosystem: As Bitcoin reaches new heights, it's essential to contribute to the ecosystem's growth and development. Support Bitcoin adoption by educating others, advocating for regulatory clarity, and promoting the benefits of decentralized finance. Consider participating in Bitcoin-focused communities, contributing to open-source projects, or even starting your initiatives to advance the adoption and innovation of cryptocurrency technology. By actively engaging with the Bitcoin community, you can help shape the future of finance and leave a positive impact on the world. In conclusion, reaching $60,000 marks another significant milestone in Bitcoin's journey, signalling its growing prominence in the global financial landscape. By taking proactive steps such as reassessing your investment strategy, staying informed, securing your assets, diversifying your portfolio, and contributing to the ecosystem, you can navigate the evolving cryptocurrency market with confidence and seize the opportunities presented by this transformative asset class. #BTC #Write2Earn

16 days ago
EmilKietzman
EmilKietzman
EmilKietzman
EmilKietzman
cryptoXurrency
cryptoXurrency
followers

Exploring Crypto Essentials: Cold Wallets, Hardware Wallets, CEX, and DEX In the dynamic world of cryptocurrencies, understanding key concepts is crucial for a secure and informed journey. Let's delve into four fundamental terms: Cold Wallets, Hardware Wallets, Centralized Exchanges (CEX), and Decentralized Exchanges (DEX). 1. Cold Wallets: A cold wallet refers to a cryptocurrency wallet that is not connected to the internet, enhancing security by reducing the risk of online hacking. It's an offline storage solution, often in the form of hardware or paper wallets, safeguarding your digital assets from potential cyber threats. 2. Hardware Wallets: A hardware wallet is a physical device designed to store private keys securely offline. It's considered one of the safest options for long-term cryptocurrency storage. With features like PIN protection and recovery phrases, hardware wallets provide robust security measures, making them popular among investors seeking a balance between accessibility and safety. 3. Centralized Exchange (CEX): CEX refers to a centralized cryptocurrency exchange, where users trade digital assets through a centralized platform operated by a third party. These exchanges act as intermediaries, providing liquidity and ease of use. While CEX platforms offer convenience, users need to trust the security measures implemented by the exchange, as they have custody over users' funds. 4. Decentralized Exchange (DEX): In contrast, a DEX operates on a decentralized network, allowing users to trade directly from their wallets without the need for an intermediary. DEXs leverage smart contracts and blockchain technology to facilitate peer-to-peer transactions. The key advantage is increased user control and security, as users retain ownership of their private keys and funds throughout the trading process. Understanding the nuances of cold wallets, hardware wallets, CEX, and DEX is vital for anyone navigating the cryptocurrency landscape. $BTC $ETH $BNB #Onchain #BTC #Blast #RichardTeng #etf

3 months ago
Visionary Financial
Visionary Financial
followers

Curious about Cardano staking and how it can benefit you financially? In this guide, we will explore the ins and outs of Cardano staking, including how it works and the advantages it offers. What is a Cardano Staking Tax Calculator? Earning passive income and engaging in governance are among the many reasons to explore staking Cardano. Understanding the potential risks, including fund loss and network attacks, is crucial. We will explore the tax implications of staking Cardano, focusing on capital gains tax and the taxation of rewards. Stay tuned to learn how to calculate your staking taxes and ensure compliance with tax laws in your country. Key Takeaways: Staking Cardano allows you to earn passive income and participate in network governance. However, there are risks such as the potential for network attacks and loss of funds due to technical issues. It is important to understand the tax implications of staking, including capital gains tax and how staking rewards are taxed in your country. What Is Cardano Staking? Cardano staking is the process of participating in the network’s Proof of Stake (PoS) consensus mechanism to earn staking rewards by delegating ADA tokens to a stake pool. Unlike traditional mining that relies on computational power to validate transactions and secure the network, Cardano staking operates on a more eco-friendly and energy-efficient model. By staking ADA tokens, participants help maintain the blockchain’s security and decentralization, contributing to the overall stability and efficiency of the Cardano network. Staking pools play a crucial role in Cardano’s ecosystem by allowing multiple token holders to combine their resources and collectively participate in the staking process. This collaborative approach enhances the chances of earning rewards and ensures a more consistent flow of staking returns for individuals with smaller amounts of ADA. How Does Staking Work? Staking in Cardano involves actively participating in the network’s block creation and validation process by holding ADA tokens in a wallet and delegating them to a stake pool. When a user decides to stake their ADA, they are essentially committing their tokens to support the Cardano blockchain’s operations. By doing so, they help validate transactions and secure the network. Stakers play a crucial role in the decentralization of Cardano, as the more tokens staked, the more secure and decentralized the network becomes. Stake pools serve as the intermediaries that manage the technical aspects of staking for individuals who may not have the resources or knowledge to run a node independently. These pools combine the staking power of multiple participants, increasing the chances of being chosen to create or validate blocks and earn rewards. What Are the Benefits of Staking Cardano? Staking Cardano offers several benefits, including the opportunity to earn passive income through staking rewards, contribute to network security, and participate in governance decisions. One primary advantage of staking Cardano is the financial incentive it provides. By actively participating in the staking process, users have the potential to generate additional income through earned rewards. This can be a valuable source of passive earnings while also supporting the decentralized network’s security. Cardano’s emphasis on network stability ensures a robust and reliable platform for staking. This stability not only safeguards assets but also enhances the overall user experience, instilling confidence in stakeholders to continue staking and actively engaging with the ecosystem. Staking Cardano fosters community involvement by allowing users to partake in governance decisions. This inclusivity gives the power to members to have a say in the network’s future developments, promoting a sense of ownership and collaborative participation within the Cardano ecosystem. Earn Passive Income One of the primary benefits of staking Cardano is the ability to earn passive income through staking rewards, which are distributed periodically based on the amount of ADA staked. When staking Cardano, individuals essentially contribute their ADA tokens to the network to support its operations. As a staker, understanding how to calculate potential earnings becomes crucial. This is where a Cardano staking calculator comes into play, providing an estimation of the rewards one can expect based on factors like stake pool performance and delegation choices. By inputting the relevant data, stakers can forecast their returns, helping them make informed decisions about their staking strategy. Help Secure the Network By participating in Cardano staking, individuals contribute to the network’s security and decentralization, helping to protect against potential threats and attacks. Stakers play a crucial role in verifying transactions, maintaining consensus, and essentially acting as the backbone of the Cardano blockchain. Their participation ensures the integrity and reliability of the network, as they are incentivized to act honestly and in the best interest of the ecosystem. Staking does come with its set of risks, as with any form of participation in a decentralized system. Technical vulnerabilities such as smart contract bugs, network protocol weaknesses, or potential attacks on the underlying infrastructure can pose challenges for stakers. Despite these risks, staking is essential for fortifying the Cardano blockchain. It helps to create a secure, efficient, and transparent network that can support a wide range of decentralized applications. Participate in Governance Staking Cardano not only provides financial rewards but also allows stakeholders to participate in governance decisions, shaping the future development of the network through decentralized decision-making. One of the key aspects of Cardano’s governance model is the concept of on-chain governance, where ADA holders have the power to propose and vote on changes to the network. This system gives power to the community, ensuring that decisions are made transparently and inclusively. The voting rights of stakers are directly tied to the amount of ADA they hold and stake, giving greater influence to those with more significant stakes in the network. Community involvement is crucial for the success of Cardano, as active participation from stakeholders drives the evolution of the network and the implementation of upgrades and protocol changes. What Are the Risks of Staking Cardano? While Cardano staking offers lucrative rewards, there are inherent risks such as potential loss of funds due to technical vulnerabilities and the risk of network attacks compromising staked assets. Staking in the Cardano network, although potentially profitable, comes with its set of challenges. Fund security concerns loom large as hackers are constantly devising new ways to breach systems and access digital assets. Technical glitches could lead to unexpected losses, causing investors to rethink their staking strategies. Network vulnerabilities expose staked assets to potential threats, making it essential for participants to stay vigilant and implement robust security measures to safeguard their investments in the ever-evolving digital landscape. Loss of Funds Due to Technical Issues One of the risks of Cardano staking is the potential loss of funds due to technical glitches, software bugs, or operational failures that may impact the staked ADA tokens. These technical risks can stem from various sources, such as network congestion, synchronization issues, or even malicious attacks targeting the Cardano blockchain infrastructure. For instance, a software bug in the staking protocol could lead to unintended consequences, like double-spending or unauthorized access to staked funds. To safeguard against these vulnerabilities, stakeholders must stay vigilant, keep their software up-to-date, and diversify their staking strategies to minimize exposure. Engaging actively with the Cardano community and staying informed about the latest developments can also provide valuable insights into potential risks and protective measures. Potential for Network Attacks Stakers in Cardano face the risk of network attacks, including 51% attacks and other cyber threats that could undermine the security of the blockchain and jeopardize staking rewards. 51% attacks involve a malicious actor controlling a majority of the network’s mining power, enabling them to manipulate transactions, double-spend coins, or exclude certain transactions. Distributed denial-of-service (DDoS) attacks can disrupt network operations by overwhelming servers with excessive traffic, leading to downtime and financial losses for stakers. To mitigate these risks, stakers can enhance their security posture by using secure hardware wallets, employing multi-factor authentication, and staying informed about the latest cyber threat trends. What Is the Tax Implication of Staking Cardano? The tax implications of staking Cardano involve reporting staking rewards as taxable income, understanding capital gains tax on ADA holdings, and complying with IRS regulations for cryptocurrency transactions. When stakers earn rewards through participating in the Cardano network, these rewards are considered income by the IRS and must be reported on tax returns. The taxation of staking rewards is similar to how other forms of income are taxed, based on the applicable tax bracket. Stakers should be aware of the capital gains tax implications when they sell their ADA holdings. If the ADA has increased in value since the acquisition, any profit made from the sale will be subject to capital gains tax. According to the IRS guidelines, all cryptocurrency transactions, including staking, must be reported accurately to ensure compliance and avoid potential penalties. Understanding Capital Gains Tax Stakers must comprehend the concept of capital gains tax when staking Cardano, as the appreciation in ADA value upon disposal or exchange is subject to taxation as a capital gain. Capital gains tax is a form of tax imposed on the profits generated from the sale or exchange of assets, including cryptocurrencies like ADA. When stakers engage in staking activities and later sell or trade their ADA tokens, any profit realized from the initial investment is considered a taxable gain. Understanding how to calculate these gains accurately is crucial for staying compliant with tax regulations. How Staking Rewards Are Taxed Staking rewards from Cardano are considered taxable income, and stakers are required to report such earnings accurately on their tax forms, leveraging crypto tax software like Coinpanda or TokenTax for comprehensive tax reporting. Proper documentation is crucial when it comes to reporting staking rewards income. The Internal Revenue Service (IRS) requires individuals to maintain records of their Cardano staking activities to provide transparent and accurate information during tax filing. By keeping detailed records of transaction history, earnings, and rewards, stakers can ensure compliance with tax regulations. Utilizing specialized crypto tax software not only simplifies the process but also offers efficiency in calculating taxes on staking income. These platforms provide tools to automatically track transactions, gains, and losses, making it easier for stakers to generate tax reports that adhere to IRS standards. What Are the Tax Laws for Staking Cardano in Your Country? The tax laws governing Cardano staking vary by country, with specific regulations applicable to US taxpayers, necessitating proper tax reporting and compliance with local financial authorities. For US taxpayers engaging in Cardano staking, additional tax implications come into play. The Internal Revenue Service (IRS) treats staking rewards as taxable income, whether received in ADA or any other form of cryptocurrency. This means accurate record-keeping is crucial to ensure proper reporting of staking rewards on annual tax returns. Failure to report these earnings could result in penalties or legal consequences. The complexity of crypto tax laws can be daunting, especially for those new to the space. Seeking guidance from a tax professional or accountant with experience in cryptocurrency taxation is highly recommended to navigate the intricate regulations effectively. How to Calculate Your Staking Taxes? Calculating your staking taxes involves tracking staking rewards, documenting capital gains, and seeking advice from a tax professional for accurate tax calculations and compliance with IRS guidelines. In terms of tracking staking rewards, it’s crucial to maintain detailed records of all transactions related to your Cardano staking activities. This includes the rewards earned, the date they were received, and the market value at the time of receipt. Properly documenting your capital gains involves calculating the difference between the purchase price and the selling price of your staked assets. Consulting a tax professional is highly recommended as they can help navigate the complexities of cryptocurrency taxation and provide tailored advice based on your circumstances. Ensuring that you accurately report your staking taxes is essential to avoid any potential issues with the IRS and stay compliant with tax regulations. Keep Track of Your Staking Rewards Stakers should maintain detailed records of their staking rewards, monitor wallet balances, and utilize tools like ADA stake calculators to track earnings accurately for tax calculation purposes. Tracking staking rewards is crucial not only for maintaining financial records but also for accurate tax reporting. By documenting earnings from staking activities, stakers can ensure compliance with tax laws and regulations. Utilizing ADA stake calculators can simplify the process of calculating taxable income from staking rewards. These tools automatically factor in variables like delegation preferences, rewards distribution, and current market values to provide precise results. Regularly updating wallet balances is essential for accurate financial tracking. Keeping an eye on incoming rewards and outgoing transactions helps stakers understand their overall financial standing and make informed decisions. Calculate Your Capital Gains Calculating capital gains from staking activities in Cardano involves assessing the value appreciation of ADA tokens, considering internal transfers within wallets, and using tools like Cardano calculators for accurate calculations. When assessing the value appreciation of ADA tokens, stakers need to account for the initial purchase price of the tokens, any additional tokens acquired through staking rewards or purchases, and the selling price at the time of the trade. Internal transfers within wallets can complicate these calculations, as movements between different wallet addresses can impact the cost basis of ADA tokens. It’s crucial to accurately track all transfers to ensure precise tax reporting. Cardano calculators provide stakers with the ability to input specific data related to their staking activities, such as the amount staked, rewards received, and any fees paid. These calculators then generate detailed reports on capital gains, making the tax filing process smoother and more efficient. Consult a Tax Professional Seeking advice from a tax professional is crucial for Cardano stakers to ensure compliance with IRS guidelines, accurately report staking rewards, and leverage staking rewards calculators for precise tax calculations. Staking rewards from Cardano are considered taxable income by the IRS, making it essential for stakers to understand their tax obligations and liabilities. By consulting tax experts, stakers can navigate complex tax laws and maximize tax efficiency. Accurate reporting of staking rewards is vital to avoid potential audit risks or penalties. Staking rewards calculators help in estimating tax liabilities, deductions, and credits, providing stakers with a clear picture of their tax responsibilities. Frequently Asked Questions What is a Cardano Staking Tax Calculator? A Cardano Staking Tax Calculator is a tool that helps individuals calculate their potential tax liabilities from staking Cardano (ADA) cryptocurrency. It takes into account factors such as the current tax laws and staking rewards to give an accurate estimation of the taxes owed. Do I have to pay taxes on Cardano staking rewards? Yes, as with any cryptocurrency earnings, staking rewards from Cardano are subject to taxation. The amount of taxes owed will depend on your tax situation and the laws in your country. How accurate are Cardano Staking Tax Calculators? Cardano Staking Tax Calculators use the most up-to-date tax laws and staking reward data to give an accurate estimation of taxes owed. However, it is always recommended to consult a tax professional for personalized tax advice. What information do I need to use a Cardano Staking Tax Calculator? To use a Cardano Staking Tax Calculator, you will need to know the amount of ADA staked, the current market value of ADA, and the staking rewards earned during the tax year. Can I use a Cardano Staking Tax Calculator for other cryptocurrencies? No, Cardano Staking Tax Calculators are specifically designed for calculating taxes on staking rewards from Cardano (ADA) cryptocurrency. They may not give accurate results for other cryptocurrencies. Are there any fees for using a Cardano Staking Tax Calculator? Most Cardano Staking Tax Calculators are free to use, but some may have a small fee for additional features or support. It is important to research and choose a reputable and reliable calculator before using it. Go to top This notice states that the information provided is not an offer or solicitation to buy or sell securities, and its accuracy or completeness is not guaranteed. The authors may own the discussed cryptocurrency. The content, which is subject to change, is for informational purposes only and should not be considered investment, tax, legal, or accounting advice. Readers are advised to consult professional advisors before any transaction. Visionary Financial does not endorse the content and was not compensated for this article. Please review their privacy policy, disclaimer, and terms and conditions for more details. The post Cardano Staking Tax Calculator – What You Need To Know appeared first on Visionary Financial.

18 days ago
Ceo_crypto25
Ceo_crypto25
followers

BEST WAYS TO MAKE SMALL CAPITAL TO BIGGER CAPITAL🚀 Here's simplest ways 1. Diversification: Spread your investments across various cryptocurrencies to reduce risk. Avoid putting all your funds into a single asset. 2. Research and Analysis: Stay informed about the market trends, news, and upcoming developments in the crypto space. Conduct thorough research before making investment decisions. 3. Risk Management: Set realistic and achievable financial goals. Only invest what you can afford to lose, and consider using stop-loss orders to limit potential losses. 4. Long-Term Perspective: Cryptocurrency markets can be volatile. Consider adopting a long-term investment approach to ride out short-term fluctuations and capitalize on potential growth over time. 5. Regular Portfolio Review: Periodically reassess your portfolio to ensure it aligns with your investment goals. Rebalance if necessary, taking into account changes in market conditions or your risk tolerance. 6. Secure Storage: Use secure wallets and exchanges to store your cryptocurrencies. Hardware wallets are considered safer for long-term storage. 7. Stay Emotionally Disciplined: Emotional decision-making can lead to impulsive actions. Stick to your strategy and avoid making decisions based on market hype or fear. 8. Keep Track of Taxes: Understand the tax implications of your crypto transactions and comply with relevant tax regulations in your jurisdiction. 9. Stay Updated on Regulations: Be aware of evolving regulatory environments for cryptocurrencies. Changes in regulations can impact the market and your investment strategy. 10. Continuous Learning: The crypto space is dynamic. Keep learning about new projects, technologies, and market dynamics to make informed decisions. Show Your Support If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. 🙏🏿 #Write2Earn #TradeNTell #AmanSaiCommUNITY

25 days ago
TopCryptoNews
TopCryptoNews
followers

Tangem is reported to be integrating the VeChain network into its wallet to enable users to store and send VET via the platform. VeChain and VeChainThor reacted positively with 3.6% and 13% respectively in the last 24 hours.  According to the latest report, users will soon be able to store and transfer VET via the Tangem wallet. This comes following an announcement that the hardware wallet maker Tangem is planning to provide support for the VeChain network. This is expected to be done in January 2024.  Vechain is coming. We are thrilled to announce that we have started integrating the Vechain network @vechainofficial. It will be available in early January 2024. We’ll keep you in the loop! pic.twitter.com/lzez8kvfn3— Tangem (@Tangem) December 14, 2023 The integration of VeChain would open VET to the millions of users patronizing the Tandem network. On top of that, Tangem would have the chance to onboard more users. In this context, VET has more than 900,000 holders. According to reports, the average number of users holding new VETs currently stands at 200-250 per hour. A couple of weeks ago, VET added 57,300 addresses to go past the 50,401 addresses recorded in April 2021.  For some time now, users have constantly demanded that Tangem provide support for the VeChain network. On July 1, Tangem disclosed that VET integration was in development. VET and AZERO are in development right now. We will make sure to keep our users informed as soon as the release date of new coins becomes available. For now, no information has been given on whether the Tangem wallet would support other VeChain-native assets. Also, no statement has been issued to confirm the support of the VET network gas token VeThor (VTHO).  More Initiatives by the VeChain Team  Recently, VeChain announced an update to its Node Rewards platform, unveiling a marketplace for node transactions.  New features in the Node Rewards dApp: Instant transfer:Easily and quickly transfer nodes from one address to another. Direct sales: Make a private sale proposal to a specific address, setting sale price and offer duration. The marketplace would be added as a tab to the Android device for VeWorld, a self-custodian wallet for the VeChain ecosystem. Users would be able to view the current value of their nodes on the marketplace. The platform also shows a lot of auctions on the marketplace with prices fixed between $858 to $48,196.  VeWorld was launched in February, and was said to be a “gateway to the world of VeChain.” This exists as one of the multiple developments of the VeChain Foundation this year.  This announcement has triggered a positive price response from VET as the asset surged by 3.6% in the last 24 hours. VET has also surged by 12% in the last seven days to trade at $0.031041. In the past three months, VET has seen a 75.28% growth, adding $0.013332 to the previous price. The current price is also a 10-month high with a market cap of $2,253,265,790.  VTHO is also trading at $0.002447 after surging by 13.20% in the last 24 hours. This asset has made a 110.35% surge in the last three months, adding $0.001284 to the previous price. Its weekly surge is also 35% with a bullish score of 80/100.  $VET #VET

2 months ago
VIKAS JANGRA
VIKAS JANGRA
followers

🚨 Security Alert Key Reasons Why You Should Avoid Buying Crypto Hardware Wallets From Unofficial Sources Your crypto safety matters! Recent advisories from cybersecurity firm SlowMist shed light on the risks of buying hardware wallets from unofficial sources. Tampering can compromise your assets' security. 🛑 🤔 What to watch out for: 1️⃣ Preset PIN Codes Legit hardware wallets require YOU to set the PIN. Beware of precreated PINs; they signal potential unauthorized access! 2️⃣ Activation & Mnemonic Phrases If a device from unofficial sources comes pre-activated with a mnemonic phrase, it's a red flag. Your wallet's backbone security may be at risk. 🔍 Specific stores on JD.com, like Fengyun Tech Hardware Wallet Studio, are flagged for potentially compromised imKey wallets. Stay vigilant! ✅ Protect Yourself: - 🛒 Purchase from manufacturers or authorized retailers. - 🔐 Set your unique PIN. - 🔄 Personally activate new devices. - 💼 Safely back up your mnemonic phrase. Your crypto's security is in your hands. Don't compromise – follow these tips! #CryptoSecurity #HardwareWallets #CyberSecurity #Security #HackerAlert

about 1 month ago

Loading...