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CoinRevolution.com
1y ago
There are many reasons why you might want to buy bitcoin in Dubai. Perhaps you’re looking for a way to protect your money from inflation, or maybe you’re looking for an investment that has the potential to provide high returns. Whatever your reason, it’s important to understand the economic and financial factors that make bitcoin a desirable investment. In this blog post, we’ll take a look at some of the key reasons why now might be a good time to buy BTC in Dubai!
The global economic conditions
The current global economic conditions have created a perfect storm for Bitcoin and other digital ..read more
CoinRevolution.com
1y ago
First, it is essential to plan what you’re investing for. Having a specific goal in mind can motivate and help you determine how much you’ll need to save. Then, you can diversify your investments to meet that goal. And finally, keep a close eye on your costs! That way, you can minimize risks and maximize your profits. Planning is key to success.
Planning
Before you begin to make financial investments, you need first to define your financial situation. It would help if you determined how much you have available to invest each month. This should include expenses and emergency savings, but it sho ..read more
CoinRevolution.com
1y ago
Setting financial goals is a great way to create a financial plan for yourself. You can set short-term and medium-term goals for yourself and work towards achieving them. Short-term goals include purchasing a home, paying a mortgage, or funding your children’s education. Long-term financial goals are more ambitious and generally take more than five years to achieve. Some long-term financial goals include funding retirement.
Setting financial goals
If you want a better financial situation, you should set some goals. These include spending more on vacation, paying off your mortgage or student lo ..read more
CoinRevolution.com
1y ago
The United Kingdom has always been one of the most attractive countries in the world for foreign investors. After all, it’s a developed economy with a long history of stability and prosperity.
If you’re interested in investing in UK stocks for the first time but don’t know how to get started, you’ve come to the right place. In this article, we’ll take a look at some of the basics of investing in UK stocks.
What factors should investors consider when deciding whether or not to invest in UK stocks?
To get started, let’s explore what investors should consider when deciding whether or not to inve ..read more
CoinRevolution.com
1y ago
two thieves tricked an Asian investor and his companion with a false bitcoin plan. The two thieves took nearly $50,000, three phones, and papers from them.
The criminal judge ordered the offenders’ deportation after their time. Court also sentenced them to three years behind bars.
Dubai’s Crime
The attack allegedly occurred in Dubai’s Mankhool neighborhood in July last year. At that time, an unnamed person and a colleague opted to invest in Bitcoin. The two sought the assistance of a shady promoter.
The dealer called him before going to one of the investors’ homes. He asked to view the cash wo ..read more
CoinRevolution.com
1y ago
the Terra crash in May precipitated the demise of some of the biggest crypto firms. FTX’s fall may start a fresh surge of insolvencies, with BlockFi leading the pack.
Here is a look back at some big companies that had to file for bankruptcy during this bear market.
July 1st, Three Arrows Capital
The native token of Terra LUNA had substantial investments. Investment from Three Arrows Capital before it nearly vanished in May.
The company filed for section 15 insolvency in a New York court. It is generally only available to businesses operated outside of the United States. Records revealed that t ..read more
CoinRevolution.com
1y ago
The cryptocurrency industry is well known for being erratic. The demise of well-known platforms like Celsius and FTX shows how much money can be lost. Celebrities should be well-versed in a crypto product before endorsing it. Everyone in the industry should be aware of the topic because there is so much at stake.
Regulations In Place
Regulators are already debating the morality of celebrities. On how they utilize their influence to entice people into cryptocurrency. More jurisdictions are restricting celebrities who want to pawn the general public.
A set of rules known as the MiCA legislation ..read more
CoinRevolution.com
1y ago
The Bank of Jamaica has confirmed it will expand its agreement with eCurrency. The extension is a step closer to its launch. E-Currency is a technical support provider for Central Bank’s digital currency (CBDC).
Jamaica And E-Currency
In August 2021, Jamaica and eCurrency signed a five-month agreement. The goal of the agreement was to research the JAM-DEX retail CBDC trial. However, work on the project started in April. Rumors of a large-scale deployment led to the agreement to have an ongoing relationship with the Bank.
Natalie Haynes, the Deputy Governor, said that The Bank of Jamaica is hap ..read more
CoinRevolution.com
1y ago
The firm tasked with seizing the assets of the defunct cryptocurrency exchange FTX Trading reported that it had so far amassed $740 million in assets. The assets only make up a tiny portion of the billions of dollars that could be lacking from FTX’s bank accounts.
BitGo And Its Operations
The sum was revealed in court documents by crypto custody firm BitGo. Hours following the firm’s insolvency filing earlier in the month, FTX appointed BitGo. As of November 16, $740 million was collected. According to BitGo, assets retrieved and secured since then have surpassed $1 billion.
The funds BitGo wa ..read more
CoinRevolution.com
1y ago
The FTX crash has had the biggest impact on Solana, a prominent coin. After revealing that Bankman’s enterprises were insolvent, the Ethereum rival suffered a drop in market capitalization.
What Caused That To Occur?
Bankman has demonstrated his strong proponent of the altcoin. Solana and other assets from the crypto world were also heavily invested in his ventures. As an illustration, Bankman purchased $1.2 billion of SOL tokens via Alameda.
The trading firm owned a $1.15 billion stake in Solana. The firm was charged with dumping its altcoin assets to stop the devaluation of FTX’s token, FTT ..read more