Although only lazybones haven’t heard of cryptocurrency yet, society generally still lacks awareness about this type of money. Nevertheless, the number of newcomers to the industry grows on a daily basis. But where to start before investing your money and risking to lose it all?
The first Cryptocurrency, Bitcoin, was introduced about a decade ago alongside blockchain technology. Both innovations have the disruptive potential for the digitization of many industries in the future within the coming decade.
A new crypto scam originating in China and involving the loss of at least $1.1 billion worth of cryptocurrencies from more than 700,000 users is thought to be related to the previous Plus Token Ponzi scheme that also exited with some $2.9 billion.
All the top 30 top cryptocurrencies are lighting red indicating a sharp decline in the altcoin market, and this is not good news to the digital currency community. Only 7 cryptocurrencies out of 100 tokens are in green. Bitcoin (BTC) is struggling to hit and surpass the $7,000 mark.
In March 2020 Bitcoin price volatility surged to a record high, due to massive sell-offs and panic on the market. However, recent researches of the cryptocurrency show that long term Bitcoin holders, aka Hodlers, are not in a hurry to sell their tokens.
Although OWNR Wallet hit the stores in April 2019, the major part of cryptocommunity heard about it in December 2019, when OWNR partnered with Bitfinex, one of the largest cryptocurrency exchanges. We have checked the main facts to see what OWNR is about to bring to the market.
The German Federal Financial Supervisory Authority (BaFin) has declared Bitcoin should be regarded as a financial instrument. The authority issued a guideline that clarifies the status of cryptocurrencies and associated regulations that govern businesses within the cryptocurrency sector.