Cryptocurrency – Page 17 – Better Home Based Business

Tron Price Prediction 2019: What Price Can Tron Reach This Year?

Short TRON Description

The decentralized platform was designed to enable content creators to send, upload, own, publish, and store their data without relying on third-parties. Tron was created by Justin Sun, a former employee of Ripple, and its headquarters are located in Singapore. Currently, TRX ranks 11^th on the list of top digital currencies according to market cap.

TRON Price Prediction 2019: Analysis and Price Forecast

Seeing as the crypto is one of the best performing cryptos in the space, TRX has great expansion potential. Most recent Tron price predictions state that the project will most likely see an exponential increase before the end of the year. The CEO of TRON, Justin Sun, revealed that the TRON network has surpassed EOS in terms of unique addresses and that TRON has acquired more unique addresses in the first 95 days than ETH in the same time period during its own launch.

Two other upgrades are also in planned to occur by the end of the year- the first being scheduled for 15th of November and the other in December. The TRON Virtual Machine (TVM) was launched last year, which now means that developers are able to design dApps on TRON’s mainnet. The market responded positively, with TRON experiencing a price appreciation in the 24 hours following the launch. Based on past responses, the significant developments which are scheduled to come will increase Tron’s potential to see some price growths.

TRX has already forged several key partnerships which will bring mutual benefits that could greatly influence its price in the next three months and years to come. Justin Sun has secured partnerships with BitForex, FX market company- Shiftmarkets, and Chinese exchange OTCBTC. Justin Sun’s connection with Alibaba’s founder Jack Ma suggests that there may be a potential merger in the near future, which might boost Tron’s prices and adoption. 2019 is expected to bring many enhancements in TRX’s security and privacy.

Tron saw a rapid development in market rank, as just a few months ago it was in 56th position, and now it is placed in 11^th position, according to data from CoinMarketCap. Even though Tron might experience increases, they will not be as noticeable when compared to those of its peers. But, after 2019, it might start to pick up the pace as it has its roadmap features a lot of plans for future developments. 2019 will see the release of one of its most anticipated projects – Project Atlas – which would integrate BitTorrent to enhance its security.

Tron Price Prediction: Market Forecasts

Seeing as the markets are prone to volatility, no one is able to provide an exact prediction on how one crypto asset will evolve. There have been several publications and websites that have released their own Tron price prediction. We will be going through some of them in our list below:

1.BitcoinExchangeGuide

The site of Bitcoinexchangeguide forecasts that Tron will reach $2.78 by September next year.

2. investingpr.com

According to the Tron price prediction made by investingpr.com, TRX will hit the $1 mark only in five years which, at this moment, sounds like a realistic forecast.

3. WalletInvestor

WalletInvestor predicted that TRX will not pass the value of $0.1 this year as they believe 2019 will not be a good year for this digital asset. However, they are of the opinion that it is not a bad year in which you can make investments.

4. More investors

As Tron will gain new investors from various payment services such as PayPal, many investors have argued that these partnerships will lead to an increase of $1.5 per coin.

5. JioMobilePhone1500

The Tron price prediction of Jiomobilephone1500 is that TRX might reach the level of $5 by the end of 2019, as they believe this year will be very favorable for the crypto. They made another bullish prediction, stating that, by 2020, TRX might have a price of $47.

6. CoinTame

CoinTame made the least favorable prediction for Tron in our list, where they believed that TRX might be priced around $0.633 in 2019 and, by the end of 2020, it might hit the $1 mark.

7. Smartereum

The cryptocurrency experts from the Smartereum analysis website predict that TRX will reach a price of $12 by the peak of 2019. They also stated that: “Based on the analysis of the present value of the digital currency, they have also predicted that, by 2020, the value of Tron could get to $52.91.” However, this seems like a really improbable prediction, at least from our point of view.

8. CoinSwitch

Crypto aggregator website CoinSwitch predicts that “there are good possibilities for it to reach 0.4 USD in the coming 5-8 months.” ”Tron will heavily boost up its price this year. In the first two quarters, it will be lingering across 0.05 to 0.06 USD. But in the third quarter, it picks up its pace, wherein it reaches $0.07, and by the end 2019, it will reach up to $0.11, which is positive as compared to the last year.” We believe that this is the most plausible prediction for TRX’s price for 2019, considering the current factors and data.

Summary

TRON has many factors that are currently in its favor, but it remains to be seen if the markets will be bullish in 2019 for TRX.

Article Produced By
Anca Faget

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

https://coindoo.com/tron-price-prediction/

David https://markethive.com/david-ogden

Bibox Europe Gives Coinbase Competition; Offers Fiat On-Ramp for Traditional Investors After Equity Backing from Top Bank

Bibox Europe (Bibox EU) secured full regulatory compliance, allowing it to offer cryptocurrency offerings linked to the world of traditional finance.

Bibox EU is making forays into linking digital assets

with the world of traditional finance. The market operator has secured full regulatory compliance, making it capable of offering reliable fiat-to-crypto services for retail and

institutional investors.

“Bibox EU allows easier access to digital assets by supporting fiat currency to crypto brokerage service and provides a reliable platform for all investors to build their own crypto portfolio. And we are regulated and compliant with Swiss banks and insurance companies having its back”, Bibox’s cofounder Aries Wang said.

In addition to the success of setting up a fiat gateway, Bibox EU has secured a funding round, through an equity investment coming from one of the top 10 banks in the world. Additionally, Bibox EU has access to the service of multiple Swiss banks, allowing it to support transactions within the regulatory framework.

Bibox thus follows the latest developments in the cryptocurrency space, where fiat access is becoming more important. The approach of Bibox EU is expanding on the moves of market operators like Coinbase to offer more chances for direct purchases of digital assets. Combining compliance and banking access has allowed Coinbase to expand its services to an additional 85 countries, and more than 100 in total. Coinbase has achieved this through the fully compliant USD Coin (USDC). Bibox EU offers another unique approach for a fiat on-ramp, exclusively accessible to 27 member-countries of the European Union and additional compliant states.

Bibox EU has four major directions of development in building the full fiat gateway for traditional finance investors. The first direction is getting access to digital assets through the most widely used fiat currencies – US Dollar, Euro, British Pound, and Swiss Franc. Secondly, Bibox EU offers fully compliant custodian services, offering greater ease and security for cryptocurrency storage. Bibox EU is under insurance coverage, securing all funds and transactions on the platform. Furthermore, the financial service provider is also aiming to add credit card services, as well as launching OTC trading desk to provide crypto brokerage.

Thus, Bibox EU sets out to be a blockchain financial service company, recognized by leading banking partners. The market operator has reached out to hedge funds, asset management firms and family offices, with the goal of creating the Bibox Finance Ecology. The exchange puts high importance on compliance and security, moving beyond the unregulated phase of the crypto-to-crypto markets. The European Union legislation also offers a clear framework for compliance and is one of the regions hosting some of the best-performing fiat-to-crypto and OTC services. Additionally, Bibox works as an innovative, highly liquid crypto-to-crypto exchange, offering its own BIX native token for trading incentives. The Bibox Token (BIX) is trading at $0.33, up more than 250% since the start of 2019.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/bibox-europe-gives-coinbase-competition-offers-fiat-on-ramp-for-traditional-investors-after-equity-backing-from-top-bank/

David https://markethive.com/david-ogden

Peer-To-Peer Pressure: Risks vs. Reward and a Changing Regulatory Landscape

Peer to peer lending also known as P2P is not a new phenomenon.

People have always turned to their friends and family for financial assistance when caught between a rock and a hard place. It was either that or the cutthroat pawnshop owner or the shadowy lenders down a dark alley. Before the recession, many a person in need of a loan could comfortably approach a bank and get their credit problems solved. However, with the collapse witnessed in the banking sector, things took an about turn, and stringent borrowing measures took the loan out of reach for most people in need.

The rise of peer to peer lending

The rise in the popularity of peer to peer lending has been partly attributed to a growing need for alternative lending sources outside the brick and mortar lending institutions. The other could be the financial need of the younger generations in the job market that does not have the stable financial future cushion the older generations had to rely on. With little in terms of job security, the gig economy is on the rise, meaning that there will not be much to rely on as far as employer matched pension benefits are concerned. So millennials and their peers are out there looking for a way to make that extra buck that will make their future more comfortable. These age groups are also leaving tertiary institutions tangled in high student debt more than witnessed in any other generation in history. They, therefore, need these alternative lending sites, for credit for their business ideas and start-ups, since most of them are deemed not worthy of credit by most banks.

Why P2P lending has had such an unbeaten run

With this crowdfunding method, you will be matched to an investor willing to lend you cash for interest. Banks have for eons thrived on low-interest charges lent to savings accounts and high-interest charges lent to creditors. Younger investors have found out that P2P lending can give them higher returns on their investments, much better than bank savings.

With these ultra-low rates on savings, banks have put their clientele in a bind and opened the door for alternative lending sources. These alternatives have thrived and taken away their customers right under their noses. P2P lending also has fewer overheads than brick and mortar lenders. Investors, therefore, can have better ROIs and also give affordable interest rates to the borrowers…It’s a win-win for all parties.

The dark clouds on the horizon

As for 2018, the peer to peer lending industry in the U.S had hit the $3 billion mark. A clarion call is continually being sent out to more youngsters with deep pockets to join in, in the largely unregulated trade. Riding on the wave of financial technology they are appealing to millennials who have a deep distrust for banks and their out of date and inefficient systems. This age group are digital mavens and flourish where the service and industry are, and so, they are responding in droves to the P2P attraction.

P2P lending is of course very different from traditional lending or short-term lending from companies. Why? If you are planning to lend some money to your friend, you will have a harder time making that transaction legal. Banks thrive in the legalism they in conjunction with the law have built for mutual interest. P2P is however very different from cash saving for investors or lenders. An investor could lose everything they have plowed into lending for interest if the borrower defaults. The transaction in this sector are primarily unprotected and not covered by the Federal Deposit Insurance Corporation (FDIC).

Peer-To-Peer Pressure

In the UK, financial regulators are preparing methods to crack down on the marketing efforts of P2P lending sites in fear that more people are throwing their money into these pools through false advertising. In 2018, these platforms transacted £6.1bn as loans. And while there is great risk apportioned to these investment platforms, the reward is that their interest rates far exceed most of what is found on other investment instruments.

However as young investors enjoy the rates and grow their savings, the UK Financial Conduct Authority has its eyes fixed on the glossy ads that are inviting more and more hapless investors to the market. Most are going overboard and putting in more they can afford in the hopes of striking it rich. With reported increased investor losses on loans, profits to investors are on a decline, and many a long time investor is preparing to leave the scene.

Regulation and closure

There has been increasing criticism over this crowdfunding method, especially after the massive collapse of their Chinese P2P lending platforms in 2016. One of the greatest dangers these platforms raise to investor assets is that they often grow to large pools of money giving the platform owners the onus loan out more risky investments in a bid to expand.

The expansion helps the platform sell off the business faster with less worry about the risks they have put their investors in. They can just get their millions, wash off their hands and walk away to the sunset, leaving their investor’s finances in disarray. In China P2P lending took off like fire to fuel, hitting 6000 platforms in a few years. By 2017, the transactions this industry commanded totaled more than $445 billion. In a move to regulate the sector, the Chinese government moved in to shut down some platforms like Ezubao that was more Ponzi in its operations than a crowdfunding business.

Soon some of the Chinese largest P2P lenders started to exit the scene claiming that the new regulations were making it hard to turn in a profit. As of February 2018, there were less than 2000 platforms of this nature operating in China. With the Chinese government still on the move with regulations more and more platforms shut down, often freezing the assets of their investors on their downward spiral. Lenders began to panic and withdrew their funds en masse causing a further loss of funds and investor confidence in the sector.

Guo Shuqing, the chair of the China Banking and Insurance Regulatory Commission later issued a statement to the effect that investors had swallowed hook line and sinker the ‘too good to be true’ deal that Chinese P2P platforms represented. He warned that while the high returns of 6% were questionable, those beyond 8% were dangerous, while those higher than 10% would cause investment losses. The upheaval witnessed in China has not hit the United States yet, but with growth, it is expected that the law and the taxman will make a move too.

Pros of P2P lending

Peer to peer platforms fills a natural void in the lending market and in the community need to share the resources available to them. There is a mutually beneficial relationship between borrower and lender that has less red tape than experienced in other lending sectors
You will get to enjoy higher returns than those of many different investment channels.
You have the choice of who to lend depending on your risk tolerance.
There is a lot of personal satisfaction derived from helping out a worthy person in genuine need of finances. If for example a borrower has a sketchy financial history, but has a sob story that arouses your sympathy, you can assume the risk of the loan or forego the high returns of the investment.
The sense of community and camaraderie in P2P sites is very inviting, and their forums are very heated and active. There is also the spirit of helping each learn about healthy borrowing and lending.
It is a good investment source for anyone that dislikes saving their cash in a bank
The denial rate for P2p loans is much lower than what is witnessed in banks.
The borrowing and lending relationships built over time can be forged to more profitable long-term relationships due to the nature of the platforms
The opportunity to invest and make profits is open to small scale investors as well who would have a harder time reaping off such benefits in other sectors
As per statistics, over 80% of all investors on these lending platforms have either met or exceeded their ROI. It works!

Cons of P2P lending

The available loans are often small and in many P2P platforms limited to $35,000, though there are variances.
Poor credit histories will still keep some borrowers away
The loans are not insured so a lender capital could be entirely or partly lost, especially when dealing with dishonest borrowers who have perfected their sob storytelling techniques
P2P platforms tend to publish what many borrowers consider private financial stories. Some borrowers may, therefore, prefer an impersonal brick and mortar lender to the publicity of a P2P platform
As the industry grows and shapes itself, regulations, consolidations may become a risk and a burden, chasing away disciplined investors.

Our advice

To stay on the safe side, do your due diligence before committing your hard-earned cash to a P2P platform. Gauge the health of a platform not only by its sheer size, but by its performance for years. Do as much as you to minimize your exposure by ensuring that you do not put all your eggs in one single basket.

Article Produced By
Mark

https://themerkle.com/peer-to-peer-pressure-risks-vs-reward-and-a-changing-regulatory-landscape/

David https://markethive.com/david-ogden

Do you Believe in Market Hive

Do you believe in Markethive, if so now is the time to take action. The price of bitcoin is high at the moment, which means you can agree to loan Markethive money for less bitcoin than ever (ILP).

Markethive ILP’s are nominated in $, so if you have just a small amount of Bitcoin 0.12571 you can sign up for $1,000 ILP. You can also use BCH, ETH,XMR or ZEC.

Remember you loan is secured with a corresponding amount of or own coin MVH, so in fact your investment is changing bitcoin for another cryptocurrency. Additionally, as Markethive starts to earn money as it grows you will start receiving a regular income from profits.

I have already used 50% of my bitcoin holding to set up an ILP, because I believe the future of the company is bright and I have nothing to lose.

David Ogden

Entrepreneur,

If you want to follow my lead Click Here

See you at todays meeting

David https://markethive.com/david-ogden

Ripple’s XRP Network Might Be Prone to Suffer Similar Outage As Stellar Lumens

On May 14th, the Stellar network went down.

The problem was caused by some of the validators of the Stellar Development Foundation going down. The incident caused many in the cryptocurrency space to question the level of decentralization of the Stellar network. In a blog post, Stellar promptly responded to the outage and the “over-centralized”

critiques of the network.

“We’ve seen claims that Stellar is “over-centralized” and that somehow a failure with SDF’s nodes dragged down the whole network. Ironically, the opposite is true. Stellar has added many new nodes recently. In retrospect, some new nodes took on too much consensus responsibility too soon. We need better community standards around maintenance timings, quorumset building, and validator configuration.”

Ripple CTO David Schwartz was impressed by the way Stellar handled the situation. He laid out his thoughts on the matter in a Twitter thread. Schwartz broke down the issue and explained that similar problems could possibly arise on

the Ripple network.

“The same thing can happen on the XRPL. If too many validators are missing, the network will halt because there’s no way to be sure that they’re not validating other ledgers and you just can’t see them due to a network issue. “PoW system make forward progress even where forward progress is unsafe. XRPL and Stellar do not make forward progress under potentially unsafe conditions.”

Schwartz went on to breakdown how the Stellar protocol actually worked as intended. The temporary shutdown is actually a better result than the chaos that could ensue. An accidental hard fork could occur if the consensus protocol fails. Schwartz’s explanation caused a lot of hardcore Ripple fans to take a step back to look at the bigger picture. Many even admitted to and expressed remorse for their knee-jerk reactions and trollish responses. Ultimately, to avoid this particular issue, more validators are needed. This means that more users and validators are needed. And as the cryptocurrency community strengthens and the number of participants grows, security and efficiency go up.

Article Produced By
Stephen Brown

Cryptocurrency enthusiast and Expert in content creation and planning, project management, process improvement, media operations, and staff training. BA in Political Science from Brooklyn College. Contact: stephenbrown [at] zycrypto.com

https://zycrypto.com/ripples-xrp-network-might-be-prone-to-suffer-similar-outage-as-stellar-lumens/

David https://markethive.com/david-ogden

Altcoin: Cryptocurrency Market is Expanding

Bitcoin is widely regarded as the Founding Father of all contemporary cryptocurrencies.

People first heard of Bitcoin in 2009 when Satoshi Nakamoto, whose identity still remains unknown, revealed an open-source code that was actually an improved conceptualization of a cryptography method known as blockchain. Nakamoto has successfully implemented a proof-of-work algorithm that came to be known as the bitcoin software.

Bitcoin laid a foundation for the development of other cryptocurrencies which obtained the collective name ‘alternative coins’ – altcoins. Less than ten years later since Bitcoin emergence, we officially have more than 1600 cryptocurrencies, with new kinds of this digital cash being introduced almost on a weekly basis. They are based on different algorithms and blockchain types, have different value and purpose, some of which will be described later in the article, but Bitcoin still remains a dominant currency that usually sets the market trends for the rest.

Altcoins are pushing harder

However, everything indicates that this prevalent position is gradually diminishing with altcoins gaining more popularity as well as market capitalization. According to the study conducted by the employees of the City University of London, there are 600 cryptocurrencies, aside from Bitcoin, which are being actively traded on crypto exchanges around the world. Coinmarketcap shows that the percentage of total market capitalization (TCM), also known as ‘dominance’, of Bitcoin with regard to altcoins has been reducing exponentially. In 2017, Bitcoin held as much as 86.29% of TCM, but in just two years it was reduced to 47%. It means that altcoins will continue to attain a strong footing in the crypto world and have more and more fields of application, with online gambling certainly being among the most popular ones.

Popular altcoins and their scope of use

Nowadays, when speaking of cryptocurrencies there is no way to avoid mentioning Ethereum, or Ether, a digital token that is the lifeblood of the blockchain operating system of the same name. Thanks to this platform, users can create smart contracts, a protocol that provides means for carrying out credible transactions without any intermediaries. Ether is probably the most popular altcoin today because it is widely accepted as a mean for investment in blockchain startups. Litecoin is often referred to as the ‘younger brother’ of Bitcoin because it is basically a slightly improved version of BTC. Nevertheless, it enjoys vast popularity because of its superior transaction confirmation mechanism known as the Litecoin Network.

Dash is also a reformed version of Bitcoin which uses several cryptographic algorithms and the system of master nodes to allow for almost instant transactions. Monero is based on the CryptoNote protocol that ensures the unparalleled level of anonymity along with the obfuscation, the act of making something incomprehensible, of all transactions thus making them impossible to trace. As you can see, these altcoins have different foundation and functionality, but all of them, as well as more than a dozen other cryptocurrencies, can be used for making bets on sports and playing in online casino at 1xBit, the most crypto-friendly gambling platform around.

1xBit happily accepts altcoins

If you are a crypto enthusiast who also likes to bet on sports or play in live online casinos, but just couldn’t seem to find the all-for-crypto platform that will cater to your needs, then look no further than 1xBit. Acting in compliance with the concept of total anonymity, 1xBit doesn’t gather any personal information from new users and allows them to play in a safe and confidential environment thanks to the one-click registration process. All deposits/withdrawals are carried out almost instantly and at a very low to no-fee basis. 1xBit broadens the scope of use of altcoins by providing a fully-fledged crypto-oriented gambling platform.

Article Produced By
Carolyn Coley

Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

https://smartereum.com/53130/altcoin-cryptocurrency-market-is-expanding/

David https://markethive.com/david-ogden

Northern Irish Capital, Belfast Introduces Local Digital Currency

Belfast, the capital of Northern Ireland, has announced

that it is introducing a Bitcoin-like cryptocurrency for local goods and services— Belfast Coin.

The “Belfast Coin” is Undergoing Trial

The coin is currently undergoing a trial through which the council hopes to attract investors. This innovation is a product of Belfast participating in the ‘100 Resilient Cities’ program; a network of local authorities around the world who share ideas and best practice. The ‘Belfast Coin’ is being developed by an Israel based firm called Colu. And the coin’s main purpose is to encourage residents to spend money in, and generally contribute to the local economy. The city council is looking to attract more local businesses to the city. This includes shops, restaurants. Once these local businesses will start accepting coin conducting business in the region becomes relatively easy.

Users to Earn Reward for Using the Coin

Furthermore, users of the new digital coin will have the opportunity of earning credit rewards for performing activities such as: shopping locally, recycling, volunteering and taking part in civic activities among other things . The coin is expected to become available to the general public later this year. Users will be able to access it via a mobile app once fully launched.

Major Boost For Local Business and City Economy At Large

Belfast commissioner for resilience, Grainia Long, explained the city’s hopes for the scheme: it’s our hope that [Belfast Coin] will initially give an economic boost to local businesses, as well as helping the council achieve other long-term goals, including environmental improvements. This challenge gives us the opportunity to explore how a city currency can bring residents, businesses and city partners together to support inclusive growth… By motivating residents to make a positive difference, we hope Belfast Coin will strengthen their connection to the city they live in.

Article Produced By
Joshua Tayo

https://theccpress.com/northern-irish-capital-belfast-introduces-local-digital-currency/?utm_medium=notification&utm_source=onesignal

David https://markethive.com/david-ogden

Top 4 Ways to Cash out Crypto Profits in 2019

Most people are interested in cryptocurrencies

as a way to make money. Whether it is an extra income, some minor profits, or a full income as a self-employed trader, the opportunities are nearly limitless. Cashing out crypto profits can often be somewhat more complicated. Several options are at one’s disposal in this regard, although there is no one solution which works for everyone.

Traditional Exchanges With KYC

Perhaps the most commonly used option to cash out crypto profits comes in the form of using traditional trading platforms. Not everyone is a fan of centralized exchanges, which is only normal. Dealing with order books and going through a KYC process is not necessarily synonymous with a hassle-free experience. Despite those potential drawbacks, trading platforms remain a valuable option to convert cryptocurrency into more mainstream currency. Several factors need to be taken into consideration in this regard. First of all, one needs to adhere to specific withdrawal limits. Depending on one’s account verification level, those limits can range anywhere from $2,000 a day to unlimited funds. Secondly, these companies adhere to strict KYC guidelines, which means they may disclose your transactions to interested governments. Avoiding the need to pay taxes on such transactions is ill-advised, albeit that remains one’s personal decision first and foremost.

OTC and Peer-to-peer Trading

Another commonly used option is to rely on OTC or peer-to-peer trading. In terms of cashing out crypto profits, it is a viable option. There will often be people willing to buy from OTC or P2P sellers at a fair price. Interested users need to ensure they do not overdo this process. Many governments target Bitcoin sellers who are, in their eyes, acting as an unlicensed money transmitter of some sorts. For those users dealing with small amounts of cryptocurrency, LocalBitcoins and consorts are always worth checking out. This platform is available in virtually all countries and allows users to sell Bitcoin for any type of payment method they prefer. Sellers can also determine their own rates to sell cryptocurrency, which always makes things a bit more exciting. Make sure to rely on platforms offering escrow protection of some sort, as that will allow for more secure transactions.

Debit Cards Supporting Cryptocurrencies

Over the past year and a half, most discussions pertaining to Bitcoin debit cards have calmed down. That doesn’t mean this business model is no longer viable. Especially for users looking to cash out crypto profits, a cryptocurrency debit card can be a viable tool. Users can withdraw local or foreign currency from nearly all ATMs around the world, although a small fee might be added for doing so. Similar to dealing with OTC and P2P trading, it is not something which should not be overdone. Cryptocurrency debit card providers also use bank accounts and keep logs of how their customers operate. Any user potentially funding a card with thousands of dollars and withdrawing funds every week will attract attention. That can lead to an official investigation in one’s home country if those earnings are not reported to the right authorities accordingly.

Contact a Tax Attorney or Accountant

As odd as it may sound, one of the safer options to cash out crypto profits is to directly contact a tax accountant or attorney. These individuals can aid in ensuring the crypto earnings can be withdrawn and all tax requirements will be taken care of accordingly. Since it is their job to often deal with vast sums of money they may be able to offer some alternative solutions to maximize one’s profits while remaining compliant at all times.

Options like these might not be in most people’s top 5 by any means. Cryptocurrency is often seen as a solution to bypass traditional financial systems in any way. Choosing that option can often yield unexpected and unwelcome consequences. As such, talking to an expert is a solid option. Any information or advice can be obtained free of charge without further commitments.

Article Produced By
JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

https://nulltx.com/top-4-ways-to-cash-out-crypto-profits-in-2019/

David https://markethive.com/david-ogden

Zeux Partners With VeChain, Supports Crypto Payments Via Apple Pay and Samsung Pay

The crypto payments app Zeux is rolling out support for VeChain (VET).

The app is designed to let users spend their crypto at retail stores that accept Apple Pay and Samsung Pay. The London-based company says it has launched in the UK and will be up and running in Europe later this year.

“VeChain has been a major player in developing its blockchain to make a difference in enabling enterprises and professional teams to leverage public blockchain. In particular, given the large VeChain community in Europe, the partnership will help us to reach our target European customer base”. Once crypto spenders activate their Apple Pay or Samsung Pay at a supported point-of-sale (POS) device, selecting their preferred cryptocurrency to complete the purchases, a merchant will then receive fiat. The cryptocurrency is instantly deducted from the spender’s Zeux digital payments wallet, with no charges for the conversion.

The fintech company says it’s aiming to create a digital banking solution that combines all banking activities on a single app to bridge the gap between traditional POS payment systems and the new era of crypto.The team at Zeux says the app will also integrate a built-in investment platform and a foreign exchange function. VeChain is just the latest addition to the crypto lineup on Zeux. The platform also supports Bitcoin, Ethereum, NEO, IOTA, Qtum and Bitcoin SV.

Article Produced By
THe Daily Hodl

https://dailyhodl.com/2019/05/12/zeux-partners-with-vechain-supports-crypto-payments-via-apple-pay-and-samsung-pay/

David https://markethive.com/david-ogden

PayPal Could Go Down Like Nokia Did If It Doesn’t Adapt to Blockchain Tech

PayPal Could Go Down Like Nokia Did If It Doesn’t Adapt to Blockchain Tech

PayPal, the global online payments and money transfer system,

has begun investing in blockchain technology. But according to their chief financial officer John Rainey, the firm is hesitant about getting involved in the cryptocurrency sector. Speaking in an interview with Yahoo Finance on May 7, Rainey pointed out that PayPal briefly allowed their merchants to accept Bitcoin (BTC) as a form of payment, but that feature was shut down due to the currency’s instability and volatility.

Adding to this, Rainey said:

“We have teams clearly working on blockchain and cryptocurrency as well, and we want to participate in that in whatever form it takes in the future. I just think it’s a little early on right now.”

PayPal Is Not Focused on Blockchain and Crypto

Rainey stated that currently PayPal is focused on other areas of growth rather than trying to incorporate a cryptocurrency payment system. He then revealed that PayPal made a $500 million investment with Uber, because the two companies are planning to build a payments platform together.He also added that PayPal made a deal with Instagram, that they would be a payment provider for people shopping on the popular social media platform. Moreover, as if these deals and partnerships weren’t enough, the global payments giant remains on the hunt for other major acquisitions.

Final Thoughts

Although PayPal was previously focused on the research and development of blockchain technology, as they filed a variety of cryptocurrency and blockchain-related patents, it appears the company is taking a different approach in 2019. If PayPal fails to acknowledge the potential of cryptocurrency and blockchain technology, or to allocate the time and resources to develop and implement their own solutions, they could quickly fall behind with outdated payment technology.

After all, the cryptocurrency industry moves extremely fast, and new products and payment developments are being developed at this moment that could very likely surpass PayPal. Will cryptocurrencies ever make PayPal obsolete? Or will the global payments provider quickly adapt when the time comes? Let us know what you think in the comment section below.

Article Produced By
Jeremy Wall

Jeremy is a financial writer and aspiring investor. He is also a cryptocurrency enthusiast that’s fascinated with blockchain technology and the financial markets. When he’s not researching and learning about cryptocurrency, he’s traveling the world with his dog and girlfriend.

https://www.investinblockchain.com/paypal-go-down-nokia-doesnt-adapt-blockchain-tech/

David https://markethive.com/david-ogden