2021/11/24

Blockchain, the Technology that will Revolutionize Finance...

If we hear the word "Blockchain," we quickly relate it to the implicit technology of cryptocurrencies, especially Bitcoin. However, this technology has many other applications, in finance and other sectors.

For 20 years to the present time, we have lived in the Internet of information, the free flow of information throughout the planet. Many experts predict that the next revolution of the network will be generated by the blockchain, the Internet of value, which allows value sharing (titles, files, patents and others) in a digital, decentralized (without the need for a central authority) and totally reliable way.

Blockchain, the digital trust:

The Blockchain is primarily a record, a ledger of digital data that is shared among many other different parties. Its essence is that once any information is entered, it can never be deleted or modified, being permanently recorded.

We can consider Blockchain as a distributed database (multiple databases related to each other), which allows to execute transactions between two or more parties in a verifiable, transparent and permanent way.

The blockchain generates a total consensus among its users, all participants have a copy of it. Therefore, Blockchain enables trust in any type of business relationship.

Main features of Blockchain:

Blockchain technology has the following advantages, essential in any economic transaction:

Security: Absolutely nothing can be modified or deleted, only added progressively. That means that once the transaction is done you cannot manipulate the system dishonestly.

Transparent: It is a record or "general ledger" in which the different transactions made are stored, you can only access to consult, without being able to modify those transactions. The veracity of the information is therefore guaranteed.

Trust: In decentralization and the lack of a central node where all the information is gathered, makes the parties involved fully trust this technology.

Cost and time savings: Significantly reduces the tasks of recording and controlling data in transactions. The blockchain avoids record duplications, only one record regardless of the number of participants (without Blockchain, if there are three participants it means that each of the three parties makes the record of the transaction).

Real-time transaction: Its immediacy (considering that there are no timeouts) minimizes the risk of counter-party produced in other transactions where the payment commitment it takes several days to execute (avoiding risks of non-payment, bankruptcy, fraud, etc... throughout the payment process).

On the other hand, its drawbacks stem from blockchain problems with scalability. The Scalability of a system is the ability to grow in volume and manage the increasing workload. In Blockchain, scalability is measured through transactions that can be processed in a given time.

Scalability issues can be slow compared to other centralized systems (most payment systems). Each block that is created has a certain limit of transactions, if in a time interval many transactions enter, the waiting times increase.

Another problem with this technology is the issue of regulation, it is not known what type of regulation the Central Banks (Europe and the United States) will undertake in the future regarding this technology applied to finance.

Blockchain applications in finance:

As we mentioned initially, the blockchain does not only have application in cryptocurrencies. Here are some of the possibilities offered by blockchain in finance:

Smart contracts:

One of the most important developments of Blockchain was made by the Ethereum Blockchain, through smart contracts or Smart-Contract. Smart contracts are applications that operate as computer programs and run through Blockchain, in a decentralized way.

To simplify, a Smart-Contract is a software code that will be executed by itself under certain circumstances agreed between the parties in advance. They usually include a financial transaction. For example, if the value of oil falls to a fixed price, an amount of money is invested in a certain share, just as Stop Loss works in the International Currency Market.

Smart contracts will provide financial services in the future without the need for intermediaries.

They have endless possibilities: Online voting systems, Insurance, Betting.

Smart-Contracts incorporate the main features that Blockchain (immutability, security and transparency).

Perpetual Identity:

Digital identification is becoming more and more important in the financial world. Being sure that a user is really the holder of a digital financial contract is vital. With all this, the introduction of a personal identity (Passport, deed) in Blockchain guarantees the veracity of the identification.

Some experts say that in the near future there will be a blockchain accessible to all financial stakeholders, where it will be possible to obtain digital identification. Thus, once the ID has been entered in that registry or blockchain, any bank or fintech will be able to access the ID (with the user's authorization). Therefore, any user will only need to enter their ID or passport once.

Digital payments, Stellar or Ripple:

There are very efficient digital currencies in international payments and micropayments:

Ripple: It specializes in cross-border payments (payments between different countries). Ripple's system is designed for financial institutions and payment providers around the world. This technology prevents cross-border transactions from going through intermediaries.

Stellar: It is an ideal platform for micropayments, due to its speed, low commissions and equal treatment between users.

Some financial institutions are starting to develop processes through Blockchain in various business areas.

Issuance of securities and digital assets:

Blockchain allows companies to issue digital securities or assets(a property, a financial asset, a cryptocurrency...). Once the assets are entered into the Blockchain, they can be traded between different companies. This transmission of digital assets facilitates trade and collaboration between companies.

Other Blockchain financial developments:

Without a doubt, cryptocurrencies is the sector where the blockchain has been most developed. Blockchain technology was born as the essence of bitcoin and is currently present in most digital currencies.

Other financial areas have also found solutions in the blockchain. For example, the US stock market, Nasdaq, uses Blockchain on its private stock market.

Blockchain, the technology that will revolutionize the Internet:

At first, Blockchain began in the shadow of bitcoin, but little by little, the blockchain has been implanted in different sectors (finance, medicine, food...). Many governments and multinationals are taking positions on blockchain, investing millions of euros to implement this technology in their organizations.

For years, the "Internet of connectivity and information" has changed the way we live, think and relate. For many, blockchain along with new digital developments (Big Data, IoT, Artificial Intelligence, cognitive system...), will be part of the next digital revolution. Actually, Blockchain will allow sharing value (titles, files, patents...) in a digital and decentralized way in most economic sectors.

Thus, the development of the blockchain is not directly related to the evolution of digital currencies. Despite the questions of cryptocurrencies, we can catalog Blockchain as a technology that will revolutionize the digital world.

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, November 24, 2021

Blockchain, la Tecnología que Revolucionará las Finanzas...

Si escuchamos la palabra «Blockchain», rápidamente lo relacionamos con la tecnología implícita de las criptomonedas, sobre todo con Bitcoin. Sin embargo, esta tecnología tiene muchas otras aplicaciones, en las finanzas y en otros sectores.

Desde hace 20 años hasta nuestros tiempos, hemos vivido en el Internet de la información, la libre circulación de información en todo el planeta. Muchos expertos pronostican que la próxima revolución de la red será generada por la cadena de bloques, el Internet del valor, que permite compartir valor (títulos, archivos, patentes y otros) de una forma digital, descentralizada (sin necesidad de una autoridad central) y totalmente confiable.

Blockchain, la confianza digital:

La cadena de bloques o Blockchain es principalmente un registro, un libro mayor de datos digitales que es compartido entre otras  muchas partes diferentes. Su esencia es que una vez introducida cualquier información, nunca podra ser borrada o modificada, quedando registrada permanentemente.

Podemos considerar a Blockchain como una base de datos distribuida (múltiples bases de datos relacionadas entre sí), que permite ejecutar transacciones entre dos o más partes de forma verificable, transparente y permanente.

La cadena de bloques genera un consenso total entre sus usuarios, todos los participantes tienen una copia de ella. Por tanto, Blockchain posibilita la confianza en cualquier tipo de relación comercial.

Principales características de Blockchain:

La tecnología Blockchain tiene las siguientes ventajas, esenciales en cualquier transacción económica:

Seguridad: No se puede modificar ni borrar absolutamente nada, solo añadir progresivamente. Eso significa que una vez hecha la transacción no puede manipular el sistema deshonestamente.

Transparente: Es un registro o “libro mayor” en el que se van almacenando las diferentes transacciones realizadas, solo se puede acceder a consultar, sin poder modificar esas transacciones. Se garantiza, por tanto, la veracidad de la información.

Confianza: En la descentralización y al no disponer de un nodo central donde se aglutine toda la información, hace que las partes intervinientes confíen plenamente en esta tecnología.

Ahorro de costes y tiempo: Reduce considerablemente las tareas de registro y control de datos en las transacciones. La cadena de bloques evita duplicaciones de registro, solo un registro independientemente del número de intervinientes (sin Blockchain, si hay tres intervinientes supone que cada una de las tres partes haga el registro de la transacción).

Transacciones en tiempo real: Su inmediatez (considerando que no hay tiempos de espera) minimiza el riesgo de contra-parte producido en otras transacciones, donde el compromiso de pago tarda varios días en ejecutarse (evitando riesgos de impago, concursos de acreedores, fraudes, etc… durante todo el proceso de pago).                                             

Por otra parte, sus inconvenientes nacen de los problemas de la cadena de bloques con la escalabilidad. La Escalabilidad de un sistema es la capacidad de crecer en volumen y gestionar el aumento creciente del trabajo. En Blockchain, la escalabilidad se mide a través de las transacciones que se pueden procesar en un tiempo determinado.

Los problemas de escalabilidad pueden generar lentitud respecto a otros sistemas centralizados (la mayoría de sistemas de pago). Cada bloque que se crea tiene un límite determinado de transacciones, si en un intervalo de tiempo entran muchas transacciones aumentan los tiempos de espera.

Otro de los problemas que se le presenta a esta tecnología es el tema de la regulación, no se sabe qué tipo de regulación acometerán los Bancos Centrales (Europa y Estados Unidos) en un futuro respecto a esta tecnología aplicada a las finanzas.

Aplicaciones de Blockchain en las finanzas:

Como comentábamos inicialmente, la cadena de bloques no solo tiene aplicación en las criptomonedas. Estas son algunas de las posibilidades que ofrece la cadena de bloques en las finanzas:

Contratos inteligentes:

Uno de los desarrollos más importantes de Blockchain lo realizó la Blockchain Ethereum, a través de los contratos inteligente o Smart-Contract. Los contratos inteligentes son aplicaciones que operan como programas informáticos y se ejecutan a través de Blockchain, de forma descentralizada.

Por simplificar, un Smart-Contract es un código software que se ejecutará por sí mismo bajo ciertas circunstancias acordadas entre las partes de antemano. Normalmente incluyen una transacción financiera. Por ejemplo, si el valor del petróleo baja hasta un precio fijado se invierte una cantidad de dinero en una determinada acción, asi como funciona el Stop Loss en el Mercado Internacional de Divisas.

Los contratos inteligentes aportaran en un futuro servicios financieros sin necesidad de intermediarios. 

Tienen un sinfín de posibilidades: Sistemas de votación online, Seguros, Apuestas.

Los Smart-Contracts incorporan las principales características que Blockchain (inmutabilidad, seguridad y transparencia).

Identidad Perpetua – DNI:

La identificación digital cada vez es más importante en el mundo financiero. Tener la seguridad de que un usuario es realmente el titular de un contrato financiero digital es vital. Con todo esto, la introducción de una identidad personal (DNI, Pasaporte, escritura) en Blockchain garantiza la veracidad de la identificación.

Algunos expertos aseguran que en un futuro próximo existirá una cadena de bloques accesible para todos los intervinientes financieros, donde será posible la obtención de la identificación digital. De forma, que una vez introducido el DNI en ese registro o cadena de bloques, cualquier banco o fintech podrá acceder a la identificación (con autorización del usuario). Por consiguiente, cualquier usuario solo necesitará introducir su DNI o pasaporte una única vez.

Pagos digitales, Stellar o Ripple:

Existen monedas digitales muy eficientes en los pagos internacionales y micropagos:

Ripple: Está especializada en pagos transfronterizos (pagos entre distintos países). El sistema de Ripple está diseñado para entidades financieras y proveedores de pagos de todo el mundo. Esta tecnología evita que las transacciones transfronterizas pasen por intermediarios.

Stellar: Es una plataforma ideal para lo micropagos, debido a su rapidez, comisiones bajas e igualdad de trato entre los usuarios.

Algunas entidades financieras están empezando a desarrollar procesos a través de Blockchain en diversas áreas de negocio. 

Emisión de títulos y activos digitales:

La cadena de bloques permite a las empresas la emisión de títulos o activos digitales (una propiedad, un activo financiero, una criptomoneda…). Una vez introducidos los activos en Blockchain, estos pueden ser comercializados entre distintas compañías. Esta transmisión de activos digitales facilita el comercio y colaboración entre empresas.

Otros desarrollos financieros de blockchain:

Sin lugar a dudas, las criptomonedas es el sector donde más se ha desarrollado la cadena de bloques. La tecnología Blockchain nació como esencia de bitcoin y actualmente, está presente en la mayoría de monedas digitales.

Otras áreas financieras han encontrado, también, soluciones en la cadena de bloques. Por ejemplo, el mercado de valores estadounidense, Nasdaq, usa Blockchain en su mercado de valores privado.

Blockchain, la tecnología que revolucionará Internet:

En un primer momento, Blockchain comenzó a la sombra de bitcoin, pero poco a poco, la cadena de bloques se ha ido implantando en distintos sectores (finanzas, medicina, alimentación...). Muchos gobiernos y multinacionales están tomando posiciones en blockchain, invirtiendo millones de euros para implementar esta tecnología en sus organizaciones.

Desde hace años, el «Internet de la conectividad y la información» ha hecho cambiar la forma en la que vivimos, pensamos y nos relacionamos. Para muchos, la cadena de bloques junto con los nuevos desarrollos digitales (Big Data, IoT, Inteligencia Artificial, sistema cognitivo...), formará parte de la siguiente revolución digital. Realmente, Blockchain permitirá compartir valor (títulos, archivos, patentes…) de una forma digital y descentralizada en la mayoría de sectores económicos.

Así entonces, el desarrollo de la cadena de bloques no está directamente relacionado a la evolución de monedas digitales. A pesar de los interrogantes de las criptomonedas, podemos catalogar a Blockchain como una tecnología que revolucionará el mundo digital.

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, November 24, 2021

2021/11/04

Pandora Papers: Who is the “Bitcoin czar"?...

We are talking about financial secrets related to offshore companies of celebrities, politicians and people of big capital.

Pandora Papers are a leak of nearly 12 million "confidential" documents, nearly three million images, and more than a hundred million emails from more than 14 different sources. We are talking about financial secrets related to offshore companies of celebrities, politicians and people of big capital. Some of these people face accusations of corruption, money laundering and tax evasion. Among the names involved, we have the “Bitcoin czar". Who is the “Bitcoin czar"?

The International Consortium of Investigative Journalists (ICIJ), based in Washington, D.C., obtained this data. In fact, more than 140 media organizations have been working on this investigation. That leak outperforms the Panama Papers. Indeed, it is the greatest in history. More than 300 politicians are involved in this scandal. King Abdullah II of Jordan reportedly used an offshore company to purchase real estate in the United Kingdom. But he's not the only one on the list. The president of Ecuador, Guillermo Lasso, appears. Sebastian Piñera from Chile. Luis Abinader from Dominican Republic. Andrés Pastrana and Cesar Gavidia from Colombia. And many more. From the world of show business, sports and culture, we have the Colombian singer Shakira, the model Claudia Schiffer, the Peruvian writer Vargas Llosa and the Argentine footballers, Ángel Di María and Javier Mascherano, among others.

I understand volatility: What is it? How does it work?

What does “offshore”mean?

"Offshore" means: based in other countries. But it refers specifically to countries or territories where it is easy to set up businesses, there are laws that protect the identity of business owners, and taxes are very low or zero. What are these destinations? Well, there's no definite list. But the most popular destinations are The Cayman Islands, The Virgin Islands, Switzerland, Singapore, Panama…

Is it illegal?

No. Well, not necessarily. It all depends on the laws in your country of residence. However, it could be said that it is perfectly possible to be in these tax havens for legitimate reasons. The reasons can be many. Legal security, cyber security, privacy, diversification, tax benefits, etc. In fact, it could be said that appearing on this list does not automatically make you a criminal.

Is it ethical?

Let's talk a little bit about taxes. It is possible to pay very few taxes through legal channels. That's no secret. The law, in most countries, provides for tax exemptions. In other words, it is possible not to pay taxes through legal channels. On the other hand, in most cases, it is also possible to have money in other jurisdictions. Is it ethical to use the law to avoid paying taxes? In my opinion, it is perfectly valid. However, some people suggest that this goes against the spirit of the law. I don't know. That's a debate you can have. In short, “Offshore " is not synonymous with illegality. However, many criminals use offshore companies to launder their money. Investigations must take place on a case-by-case basis, person-to-person.

Will Bitcoin be worth $ 500,000? When?... I just don't think so.

In many cases, the law allows you to have an offshore company registered in some tax haven. However, that should usually be declared. That is the sin of many on this list. Many did not testify. Which raises doubts about where the money comes from. I'm talking about doubt and not guilt. Does a businessman have the right to protect his property against a corrupt dictatorship? We must remember that illegal is not always immoral and moral is not always legal.

The”Bitcoin czar"

Now, there are cases of cases. The "secrets" revealed in this leak can help in many investigations. We must mention the Carbanak case. This refers to a series of thefts that took place between 2013 and 2017. According to Europol, this gang of cybercriminals managed to penetrate 100 banks in 40 countries stealing about USD 1,200 million in total. The press called this operation”the biggest digital heist in history."

Denis Tokarenko, the Bitcoin czar, the alleged leader of the band, was arrested by the Spanish National Police in March 2018, with some 15,000 btc (more than 162 million for the time being) in his possession. Tokarenko had reportedly taken advantage of a mining operation in China to launder the stolen funds. Everything seems to indicate that in the Pandora Papers there are traces of the activities of the Carbanak band.

Now, a criminal is a criminal. I think it's a mistake to divide fiat criminals and crypto criminals. Who has more? Who has less? We know there are criminals in all waters. In fact, most criminals move in many waters at the same time. An example is the so-called "Bitcoin czar". He stole in fiat, laundered the money with crypto to surely get fiat back. The Pandora Papers do not reveal the corruption of fiat money. They reveal corruption in general. Aren't there any crypto criminals?

Who has more criminals? Crypto or fiat? The approach itself is quite ridiculous. I mention this, because in the press I have read several references to it. It is suggested that the fiat world is a nest of corruption and the crypto world is practically a convent of nuns. The supposed proof of this reality is the Pandera Papers. Of course, the stark reality is that crime is everywhere.

Why does the IMF alert on cryptocurrencies?

People who say that Bitcoin is an asset primarily used for crime are just as irresponsible as people who say the same about tax havens. From the list published because of the Pandora Papers, there are many people who have not done anything illegal. They were involved in the scandal, but they are not necessarily guilty of anything. We must remember that these tax havens are recognised countries and territories.

Here's the big question: Are all financial crimes crimes? Suppose a country prohibits the purchase of foreign currency, but the local currency suffers from devaluation after devaluation. In this case, the law is driving the person into poverty. There is talk of”capital flight". Years of work can vanish in a matter of days due to the Government's monetary indiscipline. However, it is illegal to dispose of one's own money. The solution for many is to place money in a tax haven. Is this immoral? Here he left this for reflection.

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, November 11, 2021

The Pandora Papers and the End of Trust...

The bombshell release of the Pandora Papers provided, in staggering scope, a picture of the world’s rich and powerful using their exclusive access to shady if vaguely legal obfuscation schemes to evade taxes and perpetuate humanity’s gaping inequality. 

 
The blow to public trust this could foment in the institutions of the legacy financial system – along with credibility issues at the U.S. Federal Reserve following revelations of unseemly stock trading by top Fed policymakers – is the topic this week of both our newsletter column and the “Money Reimagined” podcast. The question: Does it create opportunities for the alternative system posed by crypto developers?
 
For the podcast episode, Sheila Warren and I bring in Michael S. Derby, a reporter at The Wall Street Journal who broke some of the stories on Fed officials' equity trading, and Maya Zehavi, a crypto entrepreneur known for her sharp insights into regulation and the future of money. 

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, November 11, 2021

2021/10/08

The Fed will implement the ISO 20.022 system for the Fedwire Fund Service (FFS).

"According to a press release released Monday, the US Federal Reserve spread the news that all Fed banks will implement the ISO 20022 system for the Fedwire Fund Service (FFS).


Interestingly, Ripple's blockchain-based payments already comply with the ISO 20022 standard.

This new messaging format allows you to improve real-time payments both at home and across borders. It will also enable banks and other institutions to implement anti-money-laundering measures.

In addition, the Fed Board of Directors asks the public to comment on its plan to allow the FFS to start operating on ISO 20.022. The board also suggests that banks not take three steps to adopt the new message format, but adopt it in one day.“
The funny thing is that Ripple is the only Crypto approved by ISO 20.022.

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, October 8, 2021

Upcoming listing: Bon Fire Stellar (LOGS)...

Bonfire stellar is a Stellar token issued on the Stellar Blockchain. Able to process over 3000+ transactions per sec, BONFIRE is faster, easier, and more convenient than traditional coins like BTC and ETH. 

Bonfirestellar is a community token. With the help of the community the Felt team (BONFIRESTELLAR) will have a decentralized exchange (SDEX) built. The idea is to have a SDex with different level subscriptions while BONFIRESTELLAR will be ran and operated by the community, becoming the first community ran token with a platform where you are compensated with LOGS token for helping with the development of the community or use bfire tokens to advertise and promote tokens on the sdex, while having a secure mobile app so users could store, buy, sell their Cryptocurrency. 

Keep your eyes peeled for more announcements on the upcoming BonFire Stellar (LOGS) listing. 

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, October 8, 2021

Bank of America’s Crypto Research Debuts...

Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’


Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.”

Bank of America Debuts Crypto ResearchBank of America announced Monday the launch of its “digital asset research” with the publication of a report titled “Digital Assets Primer: Only the first inning.” The bank wrote:

Report finds digital assets are too large to ignore.

Alejandro O. Asharabed Trucido

+54911 5665 60608
Buenos Aires, October 8, 2021

2021/10/06

Cryptocurrencies with more Future of 2021...

Cryptocurrencies with the most promising future.

Look around you. See how the technological revolution is changing everything and become aware of how digital currencies are at the core of every new disruptive technology.

For example, check out how Ripple is changing the way people send and receive money, and is becoming the payment standard. In addition, how the Ethereum platform is becoming the network for smart contracts and Cardano ADA is building a massive decentralized computing network that millions of people, businesses and governments can one day use to run financial applications from anywhere in the world.

Let's also look at the Litecoin network, where you can have optimized transactions that are highly recommended for people or businesses to pay for everyday goods and services.

So what's the next big cryptocurrency to invest in? With a market capitalization of more than 165 billion dollars and just turning ten this year, the crypto king is believed to be the gold standard of digital assets. However, investors around the world are looking for a new grail with the ability to make them millionaires.

There are several factors to consider about the possible success of a cryptocurrency. As you know, digital currencies do not have value for themselves, but for the network they represent. Therefore, when considering a digital asset, you should look at the platform behind that asset, the technology it represents, how it is implemented in the "real world" and how it is gaining attention and traction in the industry.

Do you see the future? Then you must bring it to your present. And a first step will be to know the cryptocurrencies with more future.

Let's take a look at the most valuable cryptocurrencies on the market and those that have the most potential to become the new king of cryptocurrencies, which will be worthy of getting your attention.

WRX:

In July of 2021 the token WRX has a value of $0,004079 is the criptomoneda native app Wirex, it is a app that has more users, now has more than 3.5 million, and has a nice budget to be released, it has already risen 7.9 million dollars in 5 rounds of funding.

The WRX cryptocurrency is one of my personal bets, it is a good option, with a long-term goal.

The Wirex app is super useful, hence it is growing a lot and will grow much faster the moment you can travel freely again.

It is very useful when traveling because from the app itself you can request a Mastercard debit card with which you can pay with cryptocurrencies or with 9 fiat currencies (Euro, Dollar, Pound sterling, etc) in any store in the world.

From the app itself you can configure the card to pay in one currency or another, depending on the country you are in, saving the currency exchange fees of your bank, you can also get up to € 400 per month at ATMs around the world without commissions.

At the moment you can only buy WXT from the Wirex app, it is not listed in any exchange, in Coinmarketcap it occupies the 660 position taking into account the market capitalization.

Cardano-ADA: 

Cryptocurrency with more future, Cardano is one of the newest digital currencies on the blockchain. Launched in 2015, this technology platform aims to become the home of large-scale financial applications. The decentralized ecosystem runs on ADA, its own cryptocurrency.

Like most cryptocurrencies, ADA is designed to be a fast and reliable vehicle for value transfers. The Cardano network is built in stages, offering a high degree of flexibility when it comes to upgrades. As Cardano also allows the development of dApps, the cryptocurrency community expects multiple services to be developed around it and thus boost ADA digital currency further. Look at Cardano's forecast.

Cardano relies on a strong community of people with advanced technological knowledge. The company has even partnered with the University of Malta to offer multiple courses on programming languages used within the Cardano network. In less than 6 months it has gone from $0.12 to $1.30. Its own creator suggests it could be worth $10.

Commonly used Exchange Binance to buy Cardano is the largest exchange in the world, it is very safe, commissions are very low (0.1%) and above all it is very easy to use.

Tokocrypto:

Tokocrypto is the cryptocurrency that comes to light in 2021 and can multiply its value by 100,000%, has very good potential, according to the technology of the platform behind it.

Theta Network (THETA):

This cryptocurrency supported by Sony and Samsung has grown 30,000% in the last 12 months.

It has been placed in the 11th position of the most important currencies according to the capitalization volume, buying Theta is a very interesting option.

JUST (JST):

If you are looking to make a lot of money with very little investment this project is very promising.

It is a decentralized platform for low-cost lending. It looks very good, it is a project still very young with a market capitalization of $227,540,575, if it manages to position itself a little better, it will be easy to multiply the investment by 10, you can buy JUST in Binance.

Akropolis (AKRO):

It is a project focused on creating for-profit capital funds to provide access to unsecured loans. At the moment the market capitalization is very low, so if any whale bets on this project, you can multiply your investment by a lot, it is available in Binance.

Axie Infinity (AXS):

It is a very good project, it is a Pokemon type game, the cryptocurrencies you can exchange for objects and skins that you can use within the game. It is also a project with very low capitalization so if the game likes the players and a few investors bet on cryptocurrencies, its value can shoot to the clouds. You can buy this cryptocurrency on Binance.

WINk (WIN):

It is a project that offers a few online gambling games, with over 16,000 active players. It came out in July 2019, looks like it's starting to take off. You can get half a million WIN in Binance for €150.

ETH-Ethereum: 

Launched on July 30, 2015 is one of the cryptocurrencies with the greatest potential and one day may be on a par with Bitcoin, Ethereum is a decentralized network that provides optimized structures for dApps and smart contracts. Its currency is the Ether with a circulation of 108 million ETH coins and a market capitalization of almost 20 billion dollars, Ethereum continues to have a great future.

Ethereum is historically the second crypto by popularity, as well as by market capitalization. It is a safe bet, whoever has invested in the last few months in Ethereum knows it, has doubled their money in less than 2 months. So far it has not reached its ceiling, so it is still a good time to invest.

You can buy Ethereum on Binance (the largest exchange in the world and the easiest to manage).

LTC-Litecoin:

The Litecoin network provides faster block generation and optimized transaction confirmation. It was launched as one of the first altcoins in 2011, and there are 63.5 million LTC in circulation with a value of 3.7 billion market capitalization.

LTC developers created the currency to use as a means of payment for everyday goods and services. Litecoin's option as the next big cryptocurrency lies in that transactions are confirmed by a P2P network faster, than Bitcoin transactions, has a great future ahead.

Ripple-XRP:

This is the fourth cryptocurrency by market cap, and is among the most promising investments on this list. Its strong technology and network are rapidly opening up new opportunities in the field of international trade, banking and payment networks.

Remittance giant MoneyGram received more than $ 11 million from Ripple in 2019 to use its blockchain technology for payment solutions. .MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities.

In February 2020, the European money transfer service Azimo announced that it would also start using Ripple's on-demand liquidity to increase the speed of customer transfers.

The list of companies that use Ripple's services goes on and on. Experts believe that 2021 will result in further adoption of XRP and therefore its price will increase significantly.

BNB-Binance:

Launched on July 21, 2017, Binance is a utility token that can be used to pay transaction fees on the Binance exchange and at a discount. It has a bid of 155.5 million BNB circulating with a market capitalization of 3 billion dollars.

As a utility token, its main focus is to be a payment method on the Binance network, however it can also be traded by other cryptocurrencies. Remember that Binance only accepts transactions with cryptocurrencies and none with fiat currency. So, BNB was created to facilitate that transition.

It is another of my favorite tokens to invest in the short and medium term, It is one of the crypto with the most future since the future of Binance in the crypto world will be very prosperous.

Zcash:

Do you think Bitcoin offers you privacy? Think twice. Most cryptocurrencies can be traced back to their owners, by the actions of governments and companies.

Alejandro O. Asharabed Trucido

+54911 5665 6060
Buenos Aires, October 6, 2021

2021/10/05

What is market capitalization and how it can be calculated?...

In simple terms, market capitalization is the value of a cryptocurrency on the market at any given time. To calculate it, you simply need to multiply the amount of digital coins in circulation by the price of each cryptocurrency.

Let's take an example. You are the owner of an apple orchard and you harvested 100 apples, which are sold for one euro each. Since the apples that are still in the trees do not circulate, we will not consider them. The market capitalization of your apples would be 100 euros.

Why is it important to consider market capitalization before investing in cryptocurrencies?

Because knowing the market capitalization of a cryptocurrency can give you an idea of the probability that the price of a token will skyrocket.

The key is not only to find a token with a low price, but also one with little circulation. In other words, you should find a low market cap cryptocurrency.

Before deciding what is the next cheapest cryptocurrency to invest in in 2021, let's look at the two main types of investment strategies for cryptocurrencies.

A long-term investment is one in which you expect a cryptocurrency to perform better over a longer period of time.

Normally, the minimum time for long-term investment is 6 months to 1 year. It will depend on you how you decide to invest, you can make an investment in one go or you can invest at different times.

Long-term investment strategy:

Again, before investing any amount, you should have a clear idea of what your investment goals are:

Will you sell the cryptocurrency after a certain time or will you sell it when it reaches a certain price?

Will you sell your investment at once or will you sell parts of it at different times?

On what occasion would you sell the long-term investment in the short term? For example, if new laws come into effect that could affect the long-term price of your investment, you may want to consider selling it earlier.

Next, you need to do some research to decide which cryptocurrencies are the best as long-term investments. We recommend that you check the following:

Is your technology better than your competitors?

Do you have a strong team of founders and developers?

How good is your roadmap / plan?

Are you solving real-world problems?

If you truly believe in the cryptocurrency you invest in, you should learn to keep your investment even when prices drop. If you sell "when you panic", then you could lose money and regret selling.

Reasons for long-term investments:

Long-term investment makes your life easier, as you don't need to be aware of the market all the time.

You think some cryptocurrencies will give better performance in the long run.

You really believe in the future of cryptocurrency.

Short-term investments are made in shorter periods of time in the hope of making quick profits. So how short is a short-term investment?

It can take seconds, minutes, days or even a few months.

How do short-term investments work?

As with long-term investments, you should have clear objectives for your investment. You need to ask yourself:

What benefit do you expect from this investment? This will give you an idea of the price at which you should buy / sell the cryptocurrency.

How much loss will you take? This will help you control your losses if the price of the cryptocurrency drops suddenly.

Do you have time to study and follow the cryptocurrency market and news?

Can you do technical analysis of the cryptocurrency market? If not, you should learn before investing.

Will your short-term strategy give you greater benefits than a long-term strategy?

Cryptocurrencies that meet the following characteristics are good options for short-term investments:

Low market capitalization.

High trading volume: many people buy and sell it every minute.

They are currently trending in the news and social networks.

Have an ICO or just finished your ICO: try to get them at a low price.

The main advantage of short-term investments is that you can make a lot of money in a short time. However, they have their disadvantages.

They require a lot of time and effort as it is necessary to constantly monitor market prices.

It is a riskier investment and can result in higher losses due to how much the price changes in a short time.

It can be very stressful.

Finding:

While cryptocurrencies can bring you huge profits, you need to be prepared for one more thing: losing money. Remember, your predictions won't always be correct! No one really knows what will happen to the price of a cryptocurrency or any other investment.

Do you know what most expert cryptocurrency investors say? You should only invest money that you are not afraid to lose. That's great advice, so always remember it!

Finally, if you want to start trading cryptocurrencies, make sure to use only the most reliable Exchanges, such as Binance.

Alejandro O. Asharabed Trucido

+54911 5665 6060
Buenos Aires, October 6, 2021

2021/10/04

Gold Secured Currency (GSX): Gold Hits Historic Prices...

Gold is now over $1,800 an ounce and rising. The precious metal peaked at $2,065 in 2011 after the 2008 financial crisis, and gold’s value is poised for continued growth. When people are fearful, timeless assets increase in value due to their ability to preserve capital.

Apollo Fintech is launching Gold Secured Currency (GSX) in an ongoing coin distribution event (CDE) with an initial price of $0.046 USD each. A total of 10 billion GSX are available for acquisition with a hard cap of $100 million.

QE and Excess Cash:

The fact that depositors, investors and consumers are turning towards commodities and hard assets is foreshadowing coming economic developments.

Many are bracing for the negative consequences of the monetization of debt, quantitative easing (QE), and trillions in newly-printed fiat. Their negative impact includes:

high inflation dollars’ loss of purchasing power (as well as those of other fiats) low interest rates (or even negative rates) other unforeseen developments which create uncertainty QE may stimulate an economy in the short-term, but it can also plunge consumers and businesses into more debt and exacerbate the fragility of an already depressed business climate.

Gold, silver, real estate and other real assets are becoming more attractive as a safe haven for investors.

GSX is asset-backed, as well as backed by mining operations in the Wytte Mines in Zimbabwe. GSX holders are entitled to annual payouts.

Apollo Fintech is a leading blockchain company that develops world-shaping fintech solutions for a global economy. Apollo has offices in Africa and North America with plans to expand in Asia, Europe and Latin America. Apollo Fintech is becoming a global leader in Government blockchain solutions, as well as pioneer of international mass adoption.

Learn more at aplfintech.com

Alejandro O. Asharabed Trucido

+54911 5665 6060
Buenos Aires, October 5, 2021

International shipping and crypto mining company Sino-Global...

MINING: International shipping and crypto mining company Sino-Global will invest $10 million to develop a new proprietary bitcoin mining machine called Thor in a joint venture with blockchain technology firm Highsharp. Hive Blockchain, a Vancouver, British Columbia-based crypto mining company focused on BTC and ETH, reported its first-quarter profit surged 10-fold from a year earlier. Finally, Marathon Digital Holdings, another mining company, has secured a $100 million revolving line of credit with Silvergate Bank in bitcoin and U.S. dollars.

Alejandro O. Asharabed Trucido

+54911 5665 6060
Buenos Aires, October 5, 2021