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Tech & Science Invest In Crypto Stocks Instead Of Actual Cryptocurrency

23:29  08 december  2019
23:29  08 december  2019 Source:   lifehacker.com.au

Here's why visiting North Korea and educating it about cryptocurrencies is probably a really bad idea

  Here's why visiting North Korea and educating it about cryptocurrencies is probably a really bad idea Virgil Griffith, a programmer who worked on the cryptocurrency Ethereum, was arrested on Friday after federal prosecutors claimed he gave a talk at a blockchain and crypto conference in Pyongyang, North Korea. The Ethereum community leaped to Griffith's defence, arguing that any information he handed over was already in the public domain. But East Asian cybersecurity expert Priscilla Moriuchi said the presence of a US cryptocurrency expert would have been valuable to North Korea. "Any interaction with a daily developer and user of cryptocurrency is likely to be valuable to North Koreans," she said.

Cryptocurrency stocks may be an option for investing in this new technology without touching the end product. But the paper also points out that there’s still a lot of volatility. Crypto -related stocks dropped after the crypto bubble burst in 2018, and while Overstock.com and Hut 8 Mining have

Cryptocurrency stocks may be an option for investing in this new technology without touching the end product.The Wall Street Journal recently cited Overstock.com Crypto -related stocks dropped after the crypto bubble burst in 2018, and while Overstock.com and Hut 8 Mining have stabilized

a close up of text on a black surface: Photo: Getty Images© Photo: Getty Images Photo: Getty Images

Just a few short years ago, buying up cryptocurrency was all the rage. In theory, you could spend a little on Bitcoin or one of the other popular cryptocurrencies, and cash out with an astonishing rate of return.

But as you might have noticed, Bitcoin and some of its contemporaries are now in the post-hype stage, as Jay Caspian Kang of Coin Talk has previously pointed out. Crypto is no longer a viable get-rich-quick scheme (I mean, was it ever?), and experts caution against it if you’re seeking short-term gains.

But perhaps you’re still interested in how cryptocurrency is developing, and you want to diversify your investment portfolio a bit. Instead of buying up some whatever-coin, you could invest in cryptocurrency via stocks. Logistically, it’s a heck of a lot easier than remembering your access key and securely storing your digital currency. It’s potentially less risky. But should you do it?

Ecstasy in toy kit leads WA cops to record cryptocurrency seizure

  Ecstasy in toy kit leads WA cops to record cryptocurrency seizure The largest amount of cryptocurrency ever seized in Western Australia was discovered after drugs hidden in a toy kit sent from the UK led police to a couple in Perth's north.During screening of international mail, Australian Border Force officers found 27.5g of MDMA tablets and the same amount in MDMA powder concealed in a a kids' toy in a package from the UK destined for the Perth metropolitan area.

Photo: Getty Images. Just a few short years ago, buying up cryptocurrency was all the rage. In theory, you could spend a little on Bitcoin or one of the other popular cryptocurrencies , and cash out with an astonishing rate of return.

Cryptocurrency . Cryptocurrencies are virtual currencies, a digital asset that utilizes encryption to secure transactions. Crypto currency (also referred to as "altcoins") uses decentralized control instead of the traditional centralized electronic money or centralized banking systems.

The stock market is still risky by design, but if you’re reading this and have even just a retirement savings account, you’re probably already playing the game. Cryptocurrency stocks may be an option for investing in this new technology without touching the end product.

The Wall Street Journal recently cited Overstock.com Inc., Nvidia Corp., and Hut 8 Mining Corp. as popular cryptocurrency stocks in the U.S. market. These companies usually don’t issue their own cryptocurrency like Bitcoin or Ethereum. Instead, they focus on developing blockchain technology, which powers cryptocurrency transactions.

But the paper also points out that there’s still a lot of volatility. Crypto-related stocks dropped after the crypto bubble burst in 2018, and while Overstock.com and Hut 8 Mining have stabilised, they’re trending far from that former peak performance.

Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the practice of destroying coins every quarter

  Only one cryptocurrency is outperforming bitcoin this year — and its exchange has pioneered the practice of destroying coins every quarter Binance Coin, or BNB, is the only major cryptocurrency outperforming bitcoin this year, but its namesake exchange is facing new concerns around increased competition, police raid rumours, and its "burning" practice.The coin, typically referred to as BNB, allows holders to gain access to trading discounts and other benefits on Binance, the world's largest spot cryptocurrency exchange. BNB is up roughly 156% year-to-date, dwarfing bitcoin's 100% surge.

This guide explains how you invest in cryptocurrencies . Other cryptocurrencies – called “Altcoins” – have just been penny stocks on shady online-markets, mostly used to keep miner’s GPUs working, pump the Fiat to Crypto exchanges helps you buy Cryptocurrencies in exchange for Fiat money.

Customize your own table view Crypto Bullion-CBX Crypto .com-MCO Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks

As far as their involvement in the crypto game, Overstock, for example, is an ecommerce retailer. It also runs a blockchain subsidiary called tZero, and plans to release its own currency by that name next year. Other players in cryptocurrency are well known names on stock tickers: Microsoft, Visa, PayPal, and Goldman Sachs are on Yahoo! Finance’s list of “top crypto bets.”

“Just because the company primarily focuses on crypto and blockchain doesn’t mean it can’t have other lines of business or even be in other segments of the crypto value chain to diversify the business risk of solely operating within a limited number of cryptocurrencies,” said Riley Adams, a CPA who blogs at Young and The Invested.

Basically, just as you want to diversify your investment portfolio to reduce the risk that one bad stock buy will wipe out your gains, businesses also want to reduce their risk by diversifying how they invest money within their own company. By focusing on the technology behind the specific currencies, Adams said, “it dramatically reduces the risk of any one currency going bust after heavily investing in it.”

Adams advised checking out companies who are working on payment facilitation or blockchain infrastructure in your country, rather than those who are focusing on one specific type of cryptocurrency.

This 20-year-old Bitcoin millionaire beamed cryptocurrency from space to a school in Ghana .
Erik Finman bought $US1,000 worth of bitcoin at the age of 12 in 2011, when each bitcoin was $US10 to $US12 - today he holds 446 bitcoin, worth $US3.2 million according to Friday's price.Finman bought $US1,000 worth of bitcoin at the age of 12 in 2011, when each bitcoin was worth $US10 to $US12. Today he holds 446 bitcoin, which at Friday's price were worth $US7,243 each, for a total value of $US3.2 million.

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