You may lose all your money if you are trading Crypto
A grim warning to crypto-traders was issued by Britain’s financial watchdog when Bitcoin surged again after a dip.
Red-hot cryptocurrency market investors had better be ready to lose all their money because of the risks involved said The Britain’s Financial Conduct Authority.
He also added that, Crypto firms highlight the returns that traders will gain and downplay the market risks and if things go awry, the traders that have bought an asset may not be given access to their consumer protections.
The agency added that the investors need to be fully aware of the fact that high-return investments incur high-risks as crypto-assets are highly volatile, suggesting the fact that digital currencies are unstable implying that they may or may not be converted to fiat money, therefore, they need to make their own dictions meticulously.
Monday mentioned Bitcoin as a famous instance of the coins in the digital world that undergo volatilities among other digital assets and altcoins. For example, according to data obtained from CoinDesk, Bitcoin was being traded at $31K at 3 p.m. the day before breaking its all-time-high-record at almost $42K.
Shiba Inu surges more than 240% in a few days, enthralling investors and surprising traders.
Shiba Inu jumped in price only in a few days and holders had a gain of over 240% based on the time and day of their purchase. ...
OCT 08, 2021
China tightens its grip more on crypto and its operations
The Chinese government is battling cryptocurrencies once again, and to this end, the Chinese central bank is establishing a "coordination mechanism" with state ...
SEP 24, 2021
NFT Company helps Afghan women gain access to education
While the Taliban are taking over Afghanistan, Bookblocks.io is joining forces with a US-based organization to help Afghan women have access to education. ...
SEP 22, 2021
Optimism new upgrade: ‘one-click’ roll-up deployment enabled
Optimism uncovered its new upgrade while a completion for layer-two scaling solutions is heating up. ...
SEP 20, 2021