Romance Meets Cryptocurrency

In 2021, online daters lost a record $547 million to romance scams, according to a report from the Federal Trade Commission. Scammers are now using online dating platforms to trick victims into investing in cryptocurrency accounts before disappearing with their money. It’s a months-long trust-building scam known as “pig butchering.”

Sim Swapping

This is an attack where scammers fake your identity with a mobile carrier to gain access to your phone. From there, they use “Forgot Password” for critical online accounts – think banking, investments and social media – to intercept two-factor authentication text messages. In 2021, this scam resulted in losses over $68 million and is still a very popular and effective scam today.

Back To School Scams

In August, many parents post “first day of school” photos on social media with their child holding a chalkboard or sign with details about the child’s teacher, school, birth date, height, interests, favorite colors, etc. While it’s wonderful to share updates with friends and family, the Better Business Bureau issued a warning to families about oversharing personal information on social media due to privacy concerns and online scammers. The Federal Trade Commission also issued a warning about back-to-school shoppers being targeted by online scams.

Rental Scams

This scam is not necessarily “new” and traditionally targets consumers trying to rent a home, but with the red hot rental market and usage of social media websites to advertise rental properties, this scam has regained steam. According to the FBI, 11,578 people nationwide reported losing over $350 million through rental and real estate scams in 2021 with a major uptick of victims this summer. There’s even a spinoff of this scam for vacation rentals.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Summer of The Scam: Key Online Scams On the Rise appeared first on OpenBusinessCouncil Directory.

Even in this day and age where everything is happening online, we still have some difficulties such as international transactions. Businesses that want to reach a wider range of audiences without breaking the bank might benefit the most from crypto in the following years.

But, that’s not all crypto can offer for the business industry and the list gets bigger with each passing day.

New customers

Cryptocurrency has ushered a new way of purchasing products online for younger people, especially millennials. Besides offering convenience, as you can buy anything you want from wherever you want free of charge, you can also have fun with crypto.

Certain coins, such as Dogecoin, gained a lot of popularity due to their fun background. Going on, it seems that millennials prefer to avoid the extra fees and on top of that completely avoid fiat money.

A beginning of a new business era

We all know that technology enables businesses to evolve rapidly and the tools we have at our disposal seem endless. Following the pandemic that shook the world back in 2020, many companies are expanding their businesses to enable them for an online presence.

With the population’s newfound love for online shopping, eCommerce growth has skyrocketed and there are no signs of slowing down. This might be the first indicator that it’s time to visit your trusted crypto exchange and invest in your favorite coins.

The best crypto exchanges will allow you to buy crypto instantly and even offer additional tips so that you can make better decisions on the market. Besides tips, some exchanges offer demo accounts that will let you learn how to trade crypto without any losses, of course, if you are interested in crypto day trading.

Compete on the market

Cryptocurrencies are becoming an increasingly popular form of payment. As a result, investors are looking for the next big coin trend and ways to use them in the real world. You can capitalize on this opportunity by implementing crypto payment methods way before your competitors.

Shield your business from inflation

Inflation means that the purchasing power of cash decreases because of factors that are not in your control. Investing idle liquid cash in something like cryptocurrency is a good way to preserve its value and create a passive income for yourself.

On top of that, you will also cut out banks and middlemen when making transactions. Trading with crypto is a secure way to take care of all your financial processes.

There are no barriers to trade

Even though payment gateways allow any legitimate business to accept online transactions, small businesses may be heavily impacted by fees, restrictions, and barriers. In addition, this prevents them from accessing certain markets or online payment platforms.

On the other hand, there are almost zero barriers to making transactions with cryptocurrency. Your customers can transact anywhere in the world without any hassle.

Certain blockchains, such as Algorand, will allow you to make more than six thousand per second, making it the perfect coin for businesses that want to sell products fast.

Accessibility

You can make cryptocurrency payments from anywhere, on any smart device. For this reason, operating with crypto is considered one of the best methods for businesses as you will never be late with a payment or a payment process.

Besides the technical accessibility, it’s also pretty easy to learn all the ins and outs of the blockchain you set your mind on. To build your crypto knowledge, always keep up with the latest trends and read the current news to find the next big trend in crypto. You can also follow popular crypto influencers and get your information from experts in the field via social media.

Final thoughts

Cryptocurrency has the potential to transform how we view transactions and business operations in the future. If you are a business looking to capitalize on the potential of crypto, this might be the right chance as the market suffered a crash that saw the prices dip significantly. Don’t forget to refer to our post if you’re still considering learning all the ways you can take advantage of cryptocurrencies.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post 6 Ways Your Business Can Take Advantage of Cryptocurrency appeared first on OpenBusinessCouncil Directory.

What is a Cryptocurrency wallet?

To perform a bitcoin transaction, you’ll need a cryptocurrency wallet. A cryptocurrency wallet doesn’t physically contain any money; it just gives you a place to invest your money on the blockchain. Private and public keys are also included in a cryptocurrency wallet which allows you to conduct secure transactions.

What is a cryptocurrency exchange and how is it helpful in investing?

A cryptocurrency exchange can be used to purchase and sell cryptocurrency coins. To execute cryptocurrency transactions exchanges credit and debit the necessary balances of buyers and sellers, which can hold contributions in both currency and cryptocurrencies. Because cryptocurrencies are so new, their dangers are difficult to comprehend, which leads to a misunderstanding of how cryptocurrency values relate to the prices of other assets. The year 2021 was an eventful one for cryptocurrencies traders. In November, bitcoin hit a new high of $69,000, while Ethereum hit a new high of $4,404 in October. Several high-profile retailers have begun taking crypto as payments, indicating the major currencies growing relevance. Some athletes and politicians have begun to get a portion of their pay in cryptocurrency, and Wall Street has launched exchange-traded funds based on cryptocurrency futures. Crypto firms took bright and colorful moves when the price of bitcoin, Ethereum, and other cryptocurrencies rose. In 2022, there will be more crypto firms coming publicly than in 2021, with several of them having revenues of more than $5 billion. Despite the instability, many believe that Bitcoin’s long-term price would rise to moreover $100,000 by 2022. Every investor should consider putting their money into a project that will pay off. As a result, one of the factors to evaluate before investing in crypto is its worth. While Bitcoin has no fundamental worth, it has proven to be a profitable asset in the past, and most investors utilize it to protect their capital against inflation. Previously, bitcoin prices were completely based on perception. Crypto had no practical applications, and investors subscribed to it solely based on its potential. You can also become a Bitcoin miner and earn money by confirming payments and issuing new tokens.

What improvements are being made in the cryptocurrency by the passage of time?

Major cryptocurrencies, such as Bitcoin and Ethereum, are, nonetheless, gaining inherent value. While new cryptocurrencies are now being launched daily, the industry’s key participants are also strengthening and resolving difficulties that have been keeping them back. Cryptocurrency has indeed been criticized for consuming a great deal of energy and being harmful to the environment.  Some cryptocurrencies, on the other hand, are working on fixes to address these issues. Some cryptocurrencies, on the other hand, are working on fixes to address these issues. However, there are best investing platforms in the crypto market as we move into 2022, including Bitcoin, Ethereum, Cardano, and Solana. You may even start as a cryptocurrency lender, borrowing your Bitcoin to individuals and businesses in exchange for income. Investing in Bitcoin, one of the best investing platforms has the potential to make you extremely wealthy in a short time. You must conduct additional research before deciding on an investing strategy and act with care, taking into consideration the hazards listed above.

Conclusion

Choosing a great investing platform could be more beneficial for you, not for you but also your dependent’s future. The world is making progress by leaps and bounds and every field is emerging even than before. A wise act while selecting the best investing platform could change your life completely. Because these online investing platforms allow you to buy and hold shares and bonds for a very long time.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Should you invest in crypto in 2022? What risks await you? appeared first on OpenBusinessCouncil Directory.

SINGAPORE  – December 9, 2021 – LynKey [www.lynkey.com], a global platform that powers luxury resort and vacation property with blockchain and AI tech, today announced a project for tokenising and offering NFT solutions of over $8 billion dollars for travel and tourism using smart contracts. Lynkey will digitise luxury resorts and properties first in Vietnam and at multiple other destinations later, offering them over its blockchain-powered token marketplace and ecosystem. LynKey’s objective is to tokenise all aspects of property development — purchases, leases, land use and related tourism entertainment — in an international blockchain-powered ecosystem. It envisions connecting the people around the world with the best of property tech and premium experiences from resorts and cruises with NFTs.

A pioneer in real estate, LynKey was created by a team of international industry personalities. LynKey is an all-encompassing ecosystem and marketplace for digitising and optimising property and tourism management, commercialisation, and operations. LynKey’s solutions make travel rewarding in every way – the platform optimises timesharing, prepaid leasing or licensing of property-based experiences geared towards tourism while offering an exclusive reward system for its users. With a global token, LynKey efficiently overcomes the need for intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and, soon, metaverse experiences. 

“Using NFTs with AI data-driven protocol sets, the company is revolutionising the travel destination and entertainment space with smart tourism. LynKey connects the global audience with a blockchain-powered platform and a token that empowers an ecosystem with time-sharing, and reward solutions at premium luxury tourist spots”, said Dinis Guarda, founder and non-executive Chairman of LynKey and Blockchain, Fintech, AI author, and influencer highlighted by platforms like Thinkers360 and CoinTelegraph. Guarda, who is also the creator of platforms citiesabc.com, and openbusinesscouncil.org and has been collaborating with universities including Oxford, added, “By bringing the power of blockchain and NFT technology to the tourism and property industry, and even going forward by creating a related metaverse, we bring comprehensive digital solutions to see the travel and property world in a secure, innovative, rewarding, and trustworthy space”. 

Miss Cindy Tran, Co-Founder and Chairwoman of LynKey, commented, “Despite globalisation, challenges in the tourism and travel industry persist. Blockchain and NFT technology can address and resolve these issues. Most global travellers or property buyers have to deal with local currencies, lack transparency in buying or leasing property and timeshares and lose money to high exchange fees or worse. Furthermore, travellers cannot personalise their travel experiences, modify, sell, or cancel their ‘trips’. Planning to travel or searching to lease property may be digital, but the rest of the process certainly is far from seamless or perfect with conventional models of tourism and travel. A consolidated marketplace and token solution will solve many of these issues”. 

While property businesses, companies, and cities need potential clients to thrive themselves, there is also a dire need for this industry to catch up with current technological advances. For instance- there is also a tremendous amount of time, money, and effort required to make a substantial property or timeshare acquisition or lease in another country. The additional fees and certification challenges associated with various property brokers, platforms, or other intermediaries can be a large barrier to those looking to travel or purchase property abroad. With the power of smart contracts and the transparency of blockchain technology, the tourism industry finds a new light that guides it to rise above these lingering problems. 

With global tourism forecast to reach a $1.3 trillion mark by the end of 2021, LynKey mitigates a majority of problems plaguing the travel industry. It targets the pressing issues -non-transparent, unreliable, and are mostly paper-based aspects related to it. The non-digital format of the current property leasing, licensing, and time-sharing is time-consuming and easily flawed. Additionally, there are often liquidity issues with respect to the global property market, which sometimes leads to price gouging and high costs. 

LynKey raises all aspects of travel and tourism to the highest level, providing new opportunities for travellers and blockchain users. This will be the first large-scale marketplace showcasing how blockchain and NFTs can optimize the property and tourism industries with an advanced reward system. Simplifying the process from departure to destination, LynKey is innovating the future of travel and real estate, creating a thriving ecosystem where travellers, developers, buyers, vendors, and tourists are all connected throughout. 

LynKey’s token, NFTs and first properties and resort projects will be announced in Q1 of 2022. For more information on how to be involved- become an early participant and adopter, please visit www.lynkey.com.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Global Luxury Tourism Property Tech Start-Up, LynKey Announces Blockchain Tokenisation and NFT Solutions for $8 Billion of Property, Resort Destinations appeared first on OpenBusinessCouncil Directory.

• The first Emirati Influencer to transition to boxing

• The first event that take place completely through cryptocurrency transactions

• The first combat event in the Middle East to hold NFT auctions

The UAE will host its first influencer combat event, “Social Knockout”, organized by TK Fight Nights in collaboration with the Dubai Sports Council, featuring the boxing debut of Emirati Influencer Rashed Saif Belhasa. 

The nineteen-year-old YouTube star, better known to his millions of fans as Money Kicks, has been in training for the last few months with his coach and promoter, Tam Khan, at TK MMA & Fitness. Alongside Belhasa, international YouTube sensation Adam Saleh will also be making his Middle Eastern boxing debut.

“Preparing for this fight is the hardest thing I’ve ever had to do,” said Belhasa. “They are pushing me to my limit at TK; I’ve never had to train that hard, but it will all be worth it.”

With over three million subscribers on YouTube and almost two million followers on Instagram, there is no reason Belhasa can’t be Dubai’s answer to brothers Logan and Jake Paul. The YouTube sensations pioneered the influencer-to-fighter transition with Logan Paul going the distance against legendary boxer Floyd Mayweather Jr last June. 

“Rashed is young, enthusiastic, and full of energy. His boxing is improving exponentially every day; he is talented and I’m sure he will give his fans a great show,” said Tam Khan, CEO of “Social Knockout”, which is held under the banner of TK Fight Nights, and the founder of the TK brand.

Fans can expect to see up to ten (10) exhibition fights on the night, whether in person or through live broadcasts of the fights, which will be streamed online on TK Fight’s official website. The event has already attracted the attention of many celebrities, with rappers Fat Joe and A Boogie Wit Da Hoodie confirming that they will be performing at the event as well as the Indian singer, songwriter, and composer Guru Randhawa. 

In an unprecedented move, the event plans to run completely on cryptocurrency transactions.

“This is a league that is unlike any in the world. We’re starting things out with a bang, and we’re proud to be the first to use cryptocurrency only for our transactions, which is in line with the government’s directive to turn Dubai into a leading digital economy and a destination of choice for all sporting enthusiasts,” said Khan.

He added: “Dubai has always been on the forefront of adapting the latest developments in technology and hosting the biggest sports events, so it makes sense for the next evolution of both those industries to happen here.” 

Organizers will use KoKoSwap tokens as transactions for all purchases related to the event, including photographs, which will be auctioned off as non-fungible tokens (NFT). “Fans will be able to take this unique experience with them through NFTs of the night, which will let them own a part of history,” Khan said.

Prior to the tournament, fans will also be given the opportunity to see their favorite fighters in a series of exciting events, such as weigh-ins, fighter Q&A’s, a public workout, and face offs. Details will be announced soon. 

“Social Knockout” will likewise be coming to combat fans everywhere with a series of fights that are expected to take place across the region and the world. Details will be announced in due course.

For more information, please visit: www.TKfightnight.com and follow @TKfightnight on all social media platforms.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post The World’s First Ever Cryptocurrency-Only Boxing Event To Be Hosted In Dubai appeared first on OpenBusinessCouncil Directory.

When choosing the next likely to succeed fintech project, analyzing the potential of the technology should become a priority. Crypterium, an award-winning digital wallet and a licensed financial institution, proves that building a solid product is what contributes to building trust among investors. After listing on Seedrs, a popular online fundraiser from the UK, Crypterium is about to hit the 200% overfunding target. And there’s still time to join the party. 

Crypterium: Why So Special?

Chaired by former VISA General Manager, Steven Parker, Crypterium is on the mission to redesign the traditional financial system by rolling out crypto rails and bridging fiat and digital currency spaces. 

Crypterium currently features two major products in operation: Crypterium Wallet and crypto-to-fiat card for everyday purchases. The wallet serves as a universal tool for easy digital asset management and allows sending, holding, buying, exchanging, and withdrawing crypto, as well as earning interest. Contactless Crypterium Card, in turn, enables its owners to pay for goods and services in over 42 million retailers from 180 countries, as well as withdraw cash in the majority of ATMs worldwide.

In 2020, the company’s key product – multicurrency wallet —  demonstrated sustainable growth. The number of the wallet’s users has doubled, totaling 400,000 people across 170 countries. As opposed to other industries, the global pandemic had a positive impact on the crypto space, and Crypterium appeared to be on top of the situation demonstrating 10x monthly profit growth and  €150.000.000 turnover. 

Apart from developing its signature products, Crypterium, similar to other companies designing in-demand cryptocurrency wallets, offers its white label solutions for businesses lacking proper wallet and infrastructure layout. As of now, more than 25 enterprises employ Crypterium’s services. 

New Investment Opportunities

The new investment round is meant to help the company speed up the process of building innovative financial solutions including the loan system and AI-based predictions. The platform plans to further extend its B2B product portfolio by adding crypto acquiring and other solutions. As for the B2C services, portfolio management, interest and fiat accounts, as well as other DeFi products are to be introduced. 

Dedicated to providing global access to cash, Crypterium is on the way to entering the new frontiers of Asia and South America. To be fully compliant across all the major markets, the company schedules to complete the UK registration, EMI Europe, and MSB USA.

Other medium-term expansion plans include moving away from third-party services including card issuance, custody, and exchange which will significantly reduce fees on all of its features. Crypterium is looking to issue its own cards with global coverage and international wire transfers.

Having successfully completed a series of legal checkups and verified by Seedrs as a legitimate and high-standard investment opportunity, Crypterium was approved for hosting a closed private equity sale.

By registering on Seedrs anyone can buy Crypterium’s private equity. Future investors are offered six benefit packages that fit any budget starting from 100 EUR to over 50,000 EUR.

Depending on the category, various benefits can be unlocked from getting free access to Crypterium’s proprietary price prediction tool to taking part in shareholder meetings or obtaining priority access to Beta testing. Other benefits include cashback on Crypterium Card purchases, higher interest rates, branded merch, and custom card design.

To participate in this fundraising activity, investors should sign up on Seedrs.com and verify their profiles. Then they have to choose an investment package via Crypterium’s portal, and submit their Seedrs registration data to receive a CRPT token bonus.

If you want to check out other investment opportunities, check out an article that details the oanda minimum deposit thoroughly!

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post Investment Opportunity: Crypterium Private Equity Sale On Seedrs appeared first on OpenBusinessCouncil Directory.

Looking at the dash to btc chart and you will see the increased rates’ volatility of these two coins towards one another. For example, now, in January 2021, the rate of the first cryptocurrency exceeds $33K, which is the historic high, while the Dash rate is just over $90, which is almost 17 times less than its historic high. That is the reason why many investors pay attention to Dash at this stage, as it still has a lot of room for growth.

Diversification into promising altcoins

Many experts advise buying or increasing the volume of purchases of the most capitalized altcoins. The fact that BTC has risen above the historic high suggests that other assets still have room to grow. Pay attention to those altcoins that have fundamental reasons for growth to minimize risks. Dash is among them.

DASH Price Analysis

The Dash coin was created in early 2014, originally it was called Xcoin. It was developed as an improved version of Bitcoin.

• At the time of release, the Dash rate was about 26 cents.

• In early 2015, Dash coin cost was almost $2.

• In January 2016, the rate of Dash reached $3.4.

• In early 2017, the coin rate rose to almost $13.

• On December 20, 2017, the coin showed its historical high of $1566.

• At the end of 2018, the price dropped to $83.

• In 2019, the Dash rate declined again and at the end of December reached $42.

• In the first quarter of 2020, the rate was growing all the way up to $130, followed by another rollback back to $48.

• As of mid-December 2020, the Dash rate is $91 and investors have hope for long-term growth.

What is a Dash Masternode?

The Dash masternode is a server that ensures advanced transaction handling work for an additional fee.

On top of the PoW mechanism, there is another layer in the Dash blockchain – masternodes, which provide anonymity and the ability to make instant transactions.

In Bitcoin, the path of each coin can be tracked with high accuracy, at least if the sender does not use third-party services to mix-up transactions.

To solve this problem, Dash uses PrivateSend technology: each transaction is split into several equal parts, sent between masternodes from 2 to 8 times, and only then reaches the recipient. Masternodes don`t share information about the origin of funds within their system.

Dash uses InstantSend technology to speed up transactions. Thus, the primary verification of the transaction is performed by masternodes, and not by miners. As a result, transactions within the Dash network take a matter of seconds.

Besides, masternode owners have a voice in the further development of the network.

How will Covid-19 contribute to cryptocurrencies?

The coronavirus pandemic has made a huge effect on the global economy. The general lockdown in the spring of 2020 has led many countries into deep economic fall. Such giants as the US and EU countries began to print new unbacked fiat money, so just in March, the US Federal Reserve did $1.7 trillion. The EU Central Bank has adopted the same quantitative easing position, and this leads to inflation and if the situation gets out of control, then the default of the world’s leading fiat currencies will occur.

Thus investors from all over the world began to turn their attention to those assets that have limited emission (gold, precious metals, cryptocurrencies, etc.). That is, Bitcoin’s growth in 2020 is partly due to Covid-19.

Conclusion

Dash cryptocurrency is currently ranked 29th in the global ranking of digital coins. Its capitalization is $920 million, while this value was $12.3 billion at its high. If you take a closer look at the historic DASH Price Analysis, it appears that this cryptocurrency still has big chances for growth.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

The post DASH Price Analysis – Active Masternodes appeared first on OpenBusinessCouncil Directory.

TNC IT Group (TNC), the Dubai based blockchain company, has finally joined the crypto market with the newly launched TNC Coin. The company plans to get the coin listed on 20+ major exchanges after its initial success on Hotbit exchange. This token is the next step in the company’s vision to  “uniting the cryptocurrency world,” which started with the establishment of its ambitious crypto M&A project.

The TNC Coin was first listed in Hotbit on April 29 and it joined the crypto market with a blast. Within the first hours of being listed, it experienced a massive price increase of more than 7500% for the TNC/BTC pair and more than 5000% for the TNC/ETH pair. But the company said this is only the beginning.

TNC Coin is expected to list in 20 more top global crypto exchanges starting in May. The token is expected to have the same value in the next exchanges as the initial listing price in Hotbit. The TNC Coin team also expects more bullish movements as the coin becomes available for trading in more exchanges and more users come in to trade TNC Coins.

TNC Coin dubs itself on its official website as “The Ultimate Blockchain for the Game Industry.” It was first advertised as a blockchain dedicated to the needs of game developers where they can create their own game currency with real crypto value. This way, users can earn crypto as they play. While this was the initial plan, the TNC vision is much greater. According to the TNC Coin CEO Mr. Jason Jang, the mainnet that the TNC team will develop is “beyond what is currently available in the blockchain and crypto market as of now.” The mainnet will be scalable and ready for expansion into other industries such as finance, logistics, real estate, and more industries. As the Crypto M&A project goes further, the mainnet will be targeting different industries based on the needs of merger companies.

TNC’s M&A project: “Uniting the cryptocurrency world”

Since TNC revealed its merger project, interested crypto investors and traders have expressed anticipation for TNC token’s listing. The listing of TNC Coin would empower investors who have suffered from extreme price drop from initial coin offerings (ICO) and initial exchange offering (IEO) schemes. Now that TNC Coin has been launched in the market, TNC believes this event will help the Crypto M&A journey forward. The first five companies will go through the token SWAP process to be reborn as TNC, then the rest of the first merger group will follow the initiation. The first group is around 100 crypto companies who already fulfilled the requirements of the Crypto M&A and signed a preliminary agreement with TNC.

TNC is also well known for its ambitious goal to unite the cryptocurrency world. This goal will be realized through the Crypto M&A program, an initiative to merge around 500 existing cryptocurrencies in the market through the token swap process.

Crypto M&A was designed to synergize the power of the community among the scattered blockchain companies around the world. It will allow cryptocurrencies that are on a standstill in the trading market to gain as the TNC Coin community grows. A united community will be the critical underlying force that will increase the TNC Coin’s future price value.

Crypto M&A will utilize TNC Coin as its main currency given out to merger companies and their community. The token swap ratio is determined by a grading system to ensure blockchain companies and their users will get a corresponding fair amount of TNC tokens during the swap.

Due to the mass-scale token swap process, TNC will be able to gather all existing scattered communities and unite them into one. As a result, TNC Coin will get accelerated in being listed on a number of exchanges and will advance in user adoption. TNC Coin token circulation will then be associated with the Crypto M&A program’s future success.

As a network-focused company, TNC will nurture and foster built relationships with other blockchain companies. The Crypto M&A program also enables TNC to form a global network of blockchain professionals. Companies part of the network will be given new opportunities to work and collaborate with TNC for future blockchain projects.

TNC also plans to act as a project development company that will cater to blockchain-related demands of government and enterprises. With a shortage of skilled and experienced blockchain developers in the employment market, the company targets to gather a pool of 10,000 developers with different specializations into its network. TNC aims to nurture specialized developers to deliver industry-focused blockchain solutions.

As part of its long-term goal, TNC also wishes to introduce a novel blockchain infrastructure that will benefit the majority. With the help of blockchain developers in its court, TNC strongly believes that collective efforts and minds will result in an innovative decentralized blockchain infrastructure never before introduced by the industry.

About TNC IT Group

TNC IT Group is a blockchain company which major activities include investing both resources and guidance on blockchain and cryptocurrency companies, integrating blockchain technology, finding global standard developers, and so on. To do so, the company has developed a process through M&A to acquire different cryptocurrencies and blockchain companies around the world and integrate them in their network in an attempt to “unite the cryptocurrency world”.

Dubai-based, TNC has been set up to provide a comprehensive blockchain service for their users covering a range of aspects including issuing, marketing, token listing and security.

In parallel, TNC has already invested US$5m in ABBC Foundation’s BuyAladdin project. BuyAladdin is a one-stop online marketplace for crypto users. The investment will accelerate the app’s development, ensuring fast and secure crypto transactions and protection from possible security threats. TNC’s native cryptocurrency, the Tokenncoin, will also be used for payment in the Aladdin Shopping Mall, the world’s first cryptocurrency shopping mall.

Hernaldo Turrillo

Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.

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