Tag: bitcoin

How the US Government Shutdown effecting Bitcoin

Published / by Jonathan / Leave a Comment

The longest government shutdown in U.S. history is hurting the crypto industry, too.
As the impasse in Washington stretches into its record-breaking fourth week, the closure of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has put key developments – namely, the approval and launch of products and services involving cryptocurrencies – on hold.

Notably, the launch of Bakkt’s bitcoin futures market was delayed in part by the company’s inability to secure approvals before Dec. 22, 2018, when the shutdown began. The platform, created by Intercontinental Exchange (parent of the New York Stock Exchange), is in a holding pattern until regulators can open a 30-day public comment period. A new launch date for the platform, which most recently was set for Jan. 24, has yet to be announced.

When ETF?

Exchanges aside, even certain products are now potentially at risk.

Perhaps one of the most highly anticipated bitcoin-related products is an exchange-traded fund, or ETF. The SEC currently has one rule change proposal sitting before it, filed by VanEck, SolidX and Cboe.

The proposal has already been delayed a number of times, and now faces a final deadline of Feb. 27. If the SEC does nothing, under existing law, the proposal would be approved. Specifically, Title 15 of the U.S. Code states that any proposed rule changes “shall be deemed to have been approved by the [SEC] if … the [SEC] does not issue an order approving or disapproving the proposed rule change.”

However, some legal experts say an approval-by-default is unlikely to happen, even if the shutdown drags on.

Ethan Silver, chair of the broker-dealer practice at law firm Lowenstein Sandler, anticipates that, should the shutdown continue, any staffers who remain on duty would reject the application.

“I think if they were forced to deal with it, they would sooner deny it than be put in a position [where it is approved on a technicality],” he said, explaining that the regulator would likely cite “market integrity” or a similar emergency contingency as a reason for the denial.

Similarly, Jake Chervinsky, a lawyer with Kobre & Kim, said on Twitter that the SEC would likely find some way to reject the proposal during a protracted shutdown, a view also shared by attorney David Silver of the Silver Miller law firm.

The commission has yet to approve any crypto ETFs, rejecting nearly a dozen in 2018. That has not yet deterred companies from trying to be the first to bring such a fund to market, however. Just last week, Bitwise Asset Management announced its intention to launch a bitcoin ETF with NYSE Arca.

While the company has filed an initial registration form, NYSE Arca has not yet submitted the rule change proposal, and so the SEC cannot yet consider the ETF.

Please advise

Beyond launches, the crypto space – at least in the U.S. – is still waiting for increased clarity and official guidance on how to safely handle digital assets.

Vince Molinari, co-founder of the regulated trading platform Templum, told CoinDesk that initiatives the SEC may have planned, such as guidance on custody, are likely to be delayed.

“I think the entire space gets pushed back,” he said. “It could be a quarter or two before things go back, it could be longer depending on how long the shutdown’s in effect.”

Compounding the issue, he noted, is that even after the shutdown ends, staffers have to catch up on anything they missed during the furlough.

“There’s talk about the [initial public offering] calendar being pushed back,” he said.

Mining manufacturer Canaan is at least one crypto firm reportedly considering a U.S. IPO. While the company is said to be in the early stages of this decision, Molinari believes an extended shutdown could postpone IPO approvals “indefinitely.”

The issues mirror those faced by the financial technology sector in the U.S. more broadly, as noted in an analysis piece published by Roll Call, a news site focused on the U.S. federal government.

Roll Call noted that the CFTC, which has requested information on ether and the ethereum network, is unable to review any comments already submitted. In its request for information, the CFTC noted that any submissions would “advance [its] mission of ensuring the integrity of the derivatives markets,” which may indicate the regulator is assessing a potential ether futures market.

How Does Cloud Bitcoin Mining Work? And How To Earn 1 BTC

Published / by Jonathan / Leave a Comment

If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins.

Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.

However, there are certain risks associated with cloud mining that investors need to understand prior to purchase.

Pros

Here’s why you might want to consider cloud mining:

  • A quiet, cooler home – no constantly humming fans
  • No added electricity costs
  • No equipment to sell when mining ceases to be profitable
  • No ventilation problems with hot equipment
  • Reduced chance of being let down by mining equipment suppliers.

Cons

Here’s why you might not want to consider cloud mining:

  • Opaque mining operations
  • Less fun (if you’re a geek who likes system building!)
  • Lower profits – the operators have to cover their costs after all
  • Contractual warnings that mining operations may cease depending on the price of bitcoin
  • Lack of control and flexibility.
  • Types of cloud mining
  • In general, there are three forms of remote mining available at the moment:

Hosted mining

  • Lease a mining machine that is hosted by the provider.
    Virtual hosted mining
  • Create a (general purpose) virtual private server and install your own mining software.
  • Leased hashing power
  • Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)

How to determine profitability

We have previously covered ways to calculate mining profitability. However, the web services offered are designed to work with your hardware parameters, not cloud-mining parameters.

Even so, you can still use these calculators by thinking clearly about the costs involved. Profitability calculators (for example, The Genesis Block) often ask for your electricity costs, and sometimes the initial investment in hardware. Effectively, you are being asked for your ongoing costs and your one-off investments.

Therefore, since the provider, not you, is paying the electricity bills, you can enter the monthly mining bill in place of the electricity cost.

The conversion process isn’t completely straightforward, though. In the case of hardware miners, you can work out the monthly running cost by multiplying your electricity charge (ie: $ per KWh) by the power consumption of the unit and by a conversion factor of 0.744 (the ratio of seconds per month to joules of energy per KWh).

But, for cloud mining calculations, you need to do the opposite, because the provider gives you an (effective) monthly running cost. Hence, you need to calculate an equivalent cost per kilowatt hour to feed into the mining calculator. This is done by dividing (not multiplying) the monthly running cost by the 0.744 conversion factor mentioned above.

Risk vs reward

When engaging in any type of cryptocurrency mining there are risks, but profitability is possible if you make the right choices. In this article, we’ve given you some pointers on how to decide which way to go.

In your test calculations, you will likely see that some cloud mining services will be profitable for a few months, but, as the difficulty level of bitcoin increases, you would probably start to make a loss in four to six months and beyond.

A possible remedy to this situation is to reinvest what you have made into maintaining a competitive hashing rate, but this is highly speculative.

As mentioned above, the risk of fraud and mismanagement is all too common in the cloud mining space. Investors should only invest in cloud mining if they are comfortable with these risks – as the saying goes, never invest more than you are willing to lose.

Investigate social media channels, speak with former customers and ask pointed questions of operators prior to investing. Ultimately, you should practice the same kind of due diligence that you would for any investment.

Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds via these services.

Altexch.io Ico Review Airdrop Free Coins

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Altexch is a new global trading platform that will offer a variety of tools for the success of the traders. It will have the best of major exchanges like Binance and it will also include services like:

Cryptocurrency Exchange ALTEXCH
Multy currency Wallet with exchange
Exchange’s API
Margin Trading
Crypto Binary Trading
AEX Token – Lifetime Passive Income (Referral Program)
AEX Token

AltExch will also introduce its own token, which ICO start this November 15th, 2018. With this token people will be able to buy and sell their digital assets in the platform. The more assets the exchange platform has, the more profit will be made, which means more income returns to the token holders.

ICO Elements
Total Token Supply: 1 Billion
Token Symbol: AEX
Hard Cap: $30 Million
Soft Cap: $6 Million
Accepted Currencies: ETH, BTC

Fund Allocation
Marketing: 30%
Teach: 50%
Reserves: 10%
Legal: 10%

Note: All Unsold Tokens Will be Burned.

Overall, the platform will have a single and user friendly interface than even the novice will be able to surf through easily. People will obtain profits either by trading or even by passive income (referring investor) with its lucrative referral program.

AltExch Airdrop

As of now, they are running an airdrop where you can get 100 FREE AEX Tokens worth $10 just for creating a FREE account.

You Can Create Your Account And Claim The Tokens Here

This platform will come in handy for all kinds of people who want easy and functional trading platform.

Why Satoshi Nakamoto Deserves a Nobel Prize

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Alfred Nobel died with regrets. After making a fortune off of explosives, he indicated in his will that his fortune should be used to make a prize awarded each year to those who “conferred the greatest benefit to humankind.” By all accounts, his namesake award has been a success — winners are curing cancer, ending wars and discovering exotic bosons. Only a handful of humanity has won a Nobel Prize — be it in medicine, physics, chemistry, literature, economics or peace — all of them distinguished for their exceptional work.

Yet the 123-year-old institution has grown increasingly moribund, devolving into a system in which a council of predominantly old men dole out their honors to other old men, often remarkable for their work but relatively unknown outside the small circle of their community. As a result, the prize has grown almost entirely insulated inside academia, separate from more widespread advancements being made in the wider world. So in an attempt to reconnect with the public, the Swedish Royal Academy of Sciences has begun to recognize more controversial figures. When the committee wanted to revitalize the prize for literature, they awarded Bob Dylan. So who could they choose to do the same for the economics prize?

Satoshi Nakamoto, the anonymous creator of Bitcoin.

This would be no stunt: Satoshi Nakamoto deserves a Nobel Prize. For the first time in human history, Nakamoto devised a way to remove trust from financial interactions. The creation of Bitcoin is a concrete, irreversible event that today affects the lives of hundreds of thousands of people. It created the foundation for technology that would produce the blockchain, smart contracts and the economic theory of asset tokenization. Most people on the street have heard of Bitcoin. The same cannot be said for Contract Theory or Behavioral Economics — the fields of study that garnered the prize for the most recent laureates. That’s not to cheapen their work — it takes a brilliant mind to advance an entire academic discipline — but cryptocurrency has perhaps had a more public impact on modern economics. It deserves recognition.

Some distinguished academics have even acknowledged this milestone. Dr. Bhagwan Chowdhry, Professor of Finance at UCLA, was asked in 2016 by the Nobel Committee to nominate someone for the prize, and he chose Nakamoto. The committee, unfortunately, rejected this out of hand, due to Nakamoto’s infamous anonymity. The press officer of the Swedish Royal Academy of Sciences said in a statement after the rejection that “the prize, as in this instance, the Sveriges Riksbank Prize in Economic Science in Memory of Alfred Nobel, is never awarded anonymously nor posthumously.”

Dr. Chowdry had a response ready for this critique. As a fix, he proposed accepting the prize on his nominee’s behalf after giving a speech written by the winner, with the prize money being converted into bitcoin and sent to Nakamoto’s most likely digital address. This makes laughable the idea of Nakamoto being an inaccessible hermit. All that would be missing from a ceremony would be the winner’s physical body. In the digital age, where words can be sent instantaneously across the globe, physical presence becomes insignificant and makes Nakamoto’s anonymity immaterial to their presence in the room.

If the committee’s obstinance stems instead from a belief that winners must suborn themselves before the Royal Swedish Academy of Sciences, then perhaps they should ask themselves what is more important: the pride of the institution or the achievement of the honoree. Nakamoto would be a challenging winner, for sure: his lack of institutional credit flies in the face of the steady pedigrees that hold up the credibility of the Nobel Prize. But sometimes, subversion infuses an old system with new vigor. The world needs doctors to understand and appraise its systems, but it also needs hackers, disruptors and other such malcontents to, at times, redefine these systems at their core. These actions form the life cycle of any economy, but thus far only the former have received any formal accolade.

At a time of tremendous technological and social transition, the committee would show prescience by elevating the work of one of the world’s most dedicated disruptors. The creation of Bitcoin and cryptocurrency marks the most drastic innovation in the economic sphere since game theory, and should be directly honored as such. As the originator of the technology’s philosophy, Nakamoto deserves to be honored for their contribution to the economic thought of the 21st century: a decentralized medium of exchange, self-guaranteed by technology in a way that was not possible at any previous time in human history.

Given Nakamoto’s anonymity, this honor would be a symbolic one (although the cash prize would not), but an anonymous award perhaps suits cryptocurrency best. Bitcoin came about through collaboration and continues to expand and improve through the efforts of a dedicated community of cryptocurrency experts. To give any one of them a Nobel Prize would belittle the contributions of the rest. Satoshi Nakamoto, as an unknown representative of the entire field, can become a symbol for the whole of cryptocurrency, which deserves the world’s attention regardless of those involved.

If the committee’s only grounds for denying Nakamoto’s nomination are that he won’t present himself, then the Nobel Prize could stand a little decentralization. Alfred Nobel established a prize in his name to foster the ideas and attitudes he wanted to see in the world. The Nobel Prize has never, at its core, cared about those who won it over the reasons why they won. They helped improve the world, and if someone else had done it better, they would have won instead. On the subject of Nakamoto’s nomination, on which the committee is caught between tradition and spirit, the moribund institution of the prize needs revitalization. A dash of controversy keeps things fresh. Let crypto start the next conversation.

Earn Bitcoin Every day here

Bitcoin Mining Hack Trick Only This Bitcoin Trick Will Earn You 1 Bitcoin Through Mining

Published / by Jonathan / 1 Comment on Bitcoin Mining Hack Trick Only This Bitcoin Trick Will Earn You 1 Bitcoin Through Mining

In the Bitcoin system, the production of all the new money is done on a stable base. This money is equally paid to those who operate the Bitcoin network by doing Bitcoin mining.

Making money with your computer

So yes, Bitcoin mining allows to make money by letting a computer work. However! Bitcoin mining is a free and open market. It is not a easy way to make money out of thin air.

Gains with Bitcoin mining are proportional to the power of computer hardware to solve the mathematical calculations. The whole network is powered by these calculations, which rewards you for your services. To be profitable, Bitcoin mining have to generate profits despite the cost of equipment and the electrical cost to operate at full capacity. That may be difficult.

Technologies used for Bitcoin mining

At the dawn of Bitcoin, classic computers were enough to run the network. However, competition has intensified gradually as the use Bitcoin increased as a dynamic market. In order of effectiveness, CPU processors, ATI graphics cards and FPGA chips succeeded to each other. Today, all these technologies are outdated and are no longer profitable.

Due to strong competition, ASIC is the only technology that can now offer potential income. An ASIC chip is a chip specialized to perform specific calculations. Some companies such as Avalon and ButterflyLabs faced the challenge of producing ASICs for Bitcoin network. ASIC chips can produce up to 40 times more calculations per second than a graphic card for the same price with a much lower power consumption. However, unlike graphics cards, ASICs have no resale value outside of a use with Bitcoin.

Pool have more stable incomes

When starting with Bitcoin mining, it is important to understand that a computer has very little chance of solving a mathematical problem aired by Bitcoin. It is a matter of chance. The more powerful is the equipment used, the more it can make attempts per second, increasing the chances of success. However, without buying a fleet of very expensive ATI cards, Bitcoin mining alone can take weeks, months or years before touching any gain.

The pools are small cooperation of bitcoins miners who wish to combine their strength in order to share Bitcoins earned fairly. Being part of a pool is the best way to raise Bitcoins stably when you don’t wish to invest heavily in computer parts. Many free open pools exists, such as bitminter.

the evolution of incomes with Bitcoin mining over time
Bitcoin mining is not a guaranteed investment. Indeed, the income can be earned with Bitcoin mining depend on several things. The value of the BTC (Bitcoin) is the first of all, because the value of Bitcoin fluctuates according to supply and demand. Since the creation of new BTC is stable and limited, an increase in demand for Bitcoin also means an increase in its value, and vice versa.

Competition and the difficulty are also important factors. The more there is people mining, the more the mathematical difficulty factor to generate Bitcoins increases, because the network Bitcoin is designed so that the same amount of money is created each month, regardless of the number of people working to generate this amount. This way, Bitcoin mining is a perfect market. If Bitcoin mining is too profitable, new investors arrives and dilute earnings. When Bitcoin mining is not profitable enough, some investors abandon, increasing the gains of subborn investors.

It is also interesting to note that the creation of new BTC is designed to gradually stop. Deprived of this source of income in the coming years, then Bitcoin miners will increasingly perceive optional transaction fees. Since transactions with fees are likely to be processed more quickly by the Bitcoin miners, banks and network users will be likely to add a tiny fee like a fraction of a cent for certain transactions.

How to start Bitcoin mining

The bitminter pool probably offers the easiest way to start without having computer knowledge. You can simply register with bitminter and click to start their software. The software immediately displays the calculation speed your computer gets to reach and earnings are displayed consistently and rapidly inside the bitminter account. It is then possible to transfer the obtained Bitcoins Bitcoin to an address that belongs to you.

In contrast, if you want to make Bitcoin mining alone, the procedure is generally more complicated. It requires to install the bitcoin software on a computer and change its configuration to start in server mode. Then, it requires to use a specialized command line software such as poclbm or cgminer on each computer used to generate Bitcoins. This software must connect to the server to receive Bitcoin calculations to be done and transmit the results.

There is also a possibility to avoid centralized pools and take good sides of both world with p2pool, which is a decentralized pool. It is still more complicate to setup than just using bitminter. However, you don’t rely on a pool that is vulnerable to DDoS attacks or dishonnest pool owners practises and you get paid directly on your Bitcoin wallet without intermediate.

Participating on the Bitcoin network operations

Bitcoin mining is a way to participate in the Bitcoin network operation. Some only sees Bitcoin mining as an investment since it is designed to be an open and competitive market. Still, some people involved in Bitcoin mining also do it for the interest of helping the network to function. Each computer used for Bitcoin mining allows the system to verify the validity of each transaction and protects the network from any form of attack.

14 Ways To Earn Bitcoin And Other Cryptocurrency

Published / by Jonathan / Leave a Comment

If you’re reading this you’re probably looking for ways to earn extra cash, am I right? You’ve probably seen the click-bait ads on how 2 girls become bitcoin millionaires or how I earn 3000 dollars a day with Bitcoin and thought its time to do your research.

We all want to earn that ever elusive passive income. If we didn’t then the promise of easy money you can live off of every Ponzi and get rich schemes pitches would never be successful.

Cryptocurrency is a new concept for many and between all the FUD, FOMO, fake exchanges and investment schemes (yes there are plenty of cryptocurrency scams) you’ll find legitimate ways to make money.

CAN YOU MAKE MONEY FROM CRYPTOCURRENCY?

The short answer is yes, you can make money with crypto. What people don’t tell you is that its a slow painful process just like any other industry and you have to really commit to it. Depending on the route you take it will cost you time, money and plenty of hard graft to get your passive income stream running.

To help you get started I’ve put together a guide to over 20 ways you can earn cryptocurrency online. Please note that these methods are by no means full proof nor do they guarantee ROI. This is not a get rich quick post so if you’re looking for easy ways to make money I doubt you’ll find anything interesting on this list.

1. BUY AND HODL

Relatively speaking this is the “safest way” to earn crypto. All you need to do is buy an amount you feel comfortable with investing in a certain coin and just hold it for a year. If the coin is one of the more promising cryptocurrencies it will most likely to increase in value from the price you bought it in at.

Be responsible and do your research, don’t simply buy a coin because someone shilled it to you. Have a look at information like the coins whitepaper, roadmap, follow them on social media, check out the circulating supply, market cap and daily volume on popular exchanges.

I’ve personally bought 12 different coins and will be hodling them for the next year or more.

2. BLOGGING/VLOGGING, CURATING & COMMENTING

Youtube has been here since 2004 and you can make good money from vlogging there if you have more 10,000 views on every video and the same applies to blogging. Google has dominated this space with their Adsense platform but crypto has presented us with an alternative in Steem coin.

Steemcoin is the coin behind the Steemit blogging platform. Steemit has introduced a way for the small time blogger to actually make a decent amount of money every day by just blogging as im doing with this article. Steemit users can make money by blogging, commenting and curating content for fellow Steemit users.

Once you’ve signed up for Steemit you will also have access to sister sites Dtube (A decentralised version of Youtube) and Busy.org (A decentralised version of Twitter) where you have the same opportunity to earn Steemcoins.

This is a truly revolutionary way to look at social media which makes you think how profitable this could be in the near future if Steemit will become a mainstream medium.

3. FAUCET FARMING

Probably the least amount of effort needed but it does take time and for you to be dedicated and constant in completing mundane tasks like captchas or clicking the claim button every hour. Faucets require no investment from you, they make money from serving you ads and allow you to claim back a portion of that for your efforts.

There are plenty of sites on the web that lets you collect a micro amount of bitcoin every couple of minutes from a faucet and eventually accumulate enough to cash out and get a small of amount of bitcoin to your wallet.

To find faucet sites hit up Google or check out these two which seem to be the most popular

  • Free Bitcoin
  • Free Dogecoin
  • Cointiply – Free Bitcoin or Dogecoin
  • Free Dash
  • Free Ethereum
  • Free Cardano

4. MINING

Another popular way to make money online lately is mining at your home with your pc or a dedicated pc or even a mining rig.

Mining has become a competitive field and your standard desktop PC or laptop simply won’t cut it. You will need to spend some initial capital on a high-end pc and some additional GPU for it to be profitable and it will take you a couple of months to break even with your hardware investment because the earnings on mining can be very slow sometimes.

The good news is that even if you decided to stop mining you can still use the hardware for something else like gaming. The bad news is that the hardware it can get pretty technical and you may have to join mining pools to remain competitive.

If you’re interested in mining I suggest checking out the site whattomine.com

5. CLOUD MINING

If you’re not keen on turning one of the rooms in your house into a sauna then this method may be more up your alley. Cloud mine services offer users the ability to rent out mining equipment and have proven to be profitable without scamming and can yield a decent amount of earning which can be paid most of the time every day straight to your wallet.

These contracts don’t come cheap and using this method will take you 4 months to break even with your investment and after that, you’ll receive pure profit every day. The more you invest (the correct term here is: upgrade your hash power) the more you will earn so you’ll need a quite high initial investment of for example 10000$ to get a payout of 20$ a day.

Examples of trusted cloud mining services: Bulkbitcoin genesismining.com, hashing24.com, hashflare.com & nicehash

6. STAKING

There are two popular schools of thought when it comes to Cryptocurrencies, proof of work which is where mining comes in and proof of stake. Proof of stake allows hodlers of a certain coin to earn interest for supporting the network.

You will need to invest by purchasing a certain amount of a certain currency, creating a wallet and node and then finally sending your currency to the newly created node which can be used to verify transactions on the blockchain.

As new blocks are added users will be rewarded depending on how large their stake in the currency is.

Popular currencies you can stake are Lisk, Ark, Neo, Qtum, OMG, Cardano & Stratis.

7. AIRDROPS

When a new currency is introduced or a new batch of currency is released in order to gain momentum and interest many companies try Airdrops. An Airdrop is when the cryptocurrency development team distributes their coin to the community for free or in exchange for small tasks like downloading their software, native wallet or signing up for an ICO.

If you want to know when airdrops are happening you can sign up for sites like Earn.com as well as Aidropalert.com.

8. BOUNTIES

Bounties are similar to airdrops in that companies look to offer incentives in order to increase the popularity of their coin. Companies will provide users with marketing tasks like sharing on Facebook or Twitter, blogging or vlogging and rewarding those who do with cryptocurrency.

If you want to know when bounties are happening you can sign up for bounitesalert.com

9. GAMING

I doubt this one needs an explanation, all need to do is play games on your Smartphone and get rewarded with cryptocurrency. Stormplay is a popular option.

10. NETWORK SUPPORT
There are a few promising projects in this space looking to create a decentralised marketplace for resources. Projects like Golem, Sia, Presearch and Storaj which allow you to rent out hard drive space or CPU power and get paid in their network based currency.

11. MICROTASKS

Microtask websites allow users to get paid in cryptocurrency for completing tasks. A short task is any job or assignment that can be completed in a short amount of time. The tasks can vary widely in nature, from writing, editing, taking surveys, transcription, watching a video, clicking ads, online research and more.

You won’t make a fortune from this but it is a nice introduction to the technology. It provides you with a with a low-risk way to play around with setting up the wallet, sending currency, interacting with the blockchain and familiarising yourself with cryptocurrency.

Some popular microtask websites include:

  • BTC Clicks
  • BitVerts.io
  • Earn.com

If you’re a runner and fitness fanatic you may want to check out Sweatcoin. You can earn cryptocurrency for the number of steps you take every day.

12. FUTURES CONTRACTS

If you want to trade on Bitcoin but you don’t have a strong stomach for the volatility you may want to look at Bitcoin futures. Futures are an agreement to buy or sell an asset on a specific future date at a specific price.

Once the futures contract has been entered, both parties have to buy and sell at the agreed-upon price, irrespective of what the actual market price is at the contract execution date.

The goal is not necessarily to profit maximization but more a risk management tool, often used in financial markets to hedge against the risk of changing prices of assets that are bought and sold on a regular basis.

Bitcoin futures (BTC) are currently live as of January this year and can be taken out every month with hedge funds and banks like CME (Chicago Mercantile Exchange), CBOE (Chicago Board Options Exchange) and Morgan Stanley.

Currently, future contracts are only traded on Bitcoin as the underlying asset but futures on Ethernet and other cryptocurrencies are in the pipeline.

13. AFFILIATE MARKETING

Affiliate marketing is nothing new, plenty of bloggers, social media influencers and vloggers make use of these platforms. You can sign up for affiliate programs with popular exchanges like Coinbase, Binance, Luno or Kucoin and spam your link across various digital channels.

You will get paid for every user that signs up and makes a purchase.

14. SELLING GOODS & SERVICES

If you’re an eCommerce site be it retail or SAAS all you need to do is set up a wallet with the cryptocurrency you would like to accept, say for example Bitcoin and then set up your payment options with your payment provider.

You can use providers like Payfast, Paypal, Bitpay and more. Also, enquire with your current payment provider to find out if and when they will allow cryptocurrency payments.