History of Bitcoin, the First Cryptocurrency

History of Bitcoin, the First Cryptocurrency

The idea of cryptographic money has been around for around 40 years. Since that thought originally turned into a reality in 2009 (through the production of Bitcoin), its exchanging history has been unpredictable, but on the other hand it’s been a thrilling ride for some financial backers.

Driven by kept rising revenue from the up and coming age of financial backers, it stays perhaps of the most controversial worldwide monetary point, with 2024 adding more marquee news titles. A few vital minutes in digital currency’s course of events include:


In 1983, David Chaum, an American cryptographer distributed an idea for mysterious electronic cash he called eCash. His vision became completely awake in 1989 through the organization he established called Digicash. He sent off his idea in a solitary bank, however it neglected to draw in an adequate number of clients. His test bank was bought by a huge charge card backer and he broke down the organization in 1998.

In 2009, Bitcoin (BTC) was made, turning into the principal genuinely decentralized cryptographic money.

In 2013, Forbes named Bitcoin the year’s best venture.

In 2014, Bloomberg countered with its announcement of Bitcoin being the year’s most exceedingly terrible speculation.

In October 2021, the Protections and Trade Commission endorsed ProShares Bitcoin Methodology (ticker: BITO), the principal U.S. Bitcoin fates trade exchanged reserve.

In November 2022, FTX – the main cryptographic money trade by exchanging volume – opted for non-payment.

In January 2024, the Protections and Trade Commission supported the initial 11 spot Bitcoin ETFs, improving on financial backers’ admittance to crypto markets.

How Bitcoin Began

Bitcoin was the main digital money made and is currently the most important and notable. It was sent off in January 2009 by a software engineer – or gathering of developers – utilizing the pen name Nakamoto. Nakamoto’s genuine personality has never been checked.


A 2008 white paper by Bitcoin’s puzzling maker uncovered the blockchain framework that would be the foundation of the digital money market. A blockchain is an advanced record of exchanges that is duplicated and dispersed across an organization of PC frameworks to get data.


Bitcoin Center Ideas

Block. A block is a gathering of Bitcoin exchanges over a specific period. The exchanges are checked by “excavators” who are monetarily compensated for confirming the exchanges with recently made BTC.


Bitcoin units. Each Bitcoin is distinguishable to eight decimal spots. A millibitcoin (mBTC) is 1/1,000th of a Bitcoin. The littlest unit is a satoshi (sat), which is 1/100,000,000th of a Bitcoin.


Exchange. A PC mandate styled as “payer X sends Y Bitcoin to recipient Z.”


Blockchain. Every exchange frames a whole connection on the chain. This straightforward, public chain permits Bitcoin to exist and be usable. All blocks of exchanges are connected to past blocks of exchanges, shaping the derivation for “blockchain.”


Mining. Free people or gatherings complete complicated and expensive PC computations to make a block.


Block hash. Mining exercises consolidate a record-keeping administration that keeps the blockchain reliable, complete and unalterable. The hashes approve accessible Bitcoin and act for the purpose of consistently remunerating the diggers.


Blockchain Address

 A succession of 25 to 34 alphanumeric characters. This is the data that is given to different gatherings so they know where to send the coins. They are considered mysterious on the grounds that, while the blockchain itself is public, the location safeguards actually recognizable data. Cryptographic money trades might be legally necessary to gather by and by recognizable data, however every exchange can be related with an alternate Bitcoin address to keep up with security.


Wallet. Any individual or substance wishing to trade Bitcoin (and not store them on a trade in another person’s care) should make a computerized assortment of the certifications, known as a wallet, important to execute coins.


Full clients. This is a wallet that incorporates a full duplicate of the whole blockchain. This is the most secure type of capacity other than disconnected, or “cold capacity,” however it requires significant advanced space.

Lightweight clients. This is a wallet that incorporates a more restricted form of the blockchain to empower it to be compact on gadgets, for example, a cell phone. Since the whole blockchain isn’t accessible, a party utilizing a lightweight wallet should believe middle people who have full wallets.

Keys. These are the confidential qualifications put away in the wallet. Like a protected store box, to get to the worth held inside a wallet, an individual high priority a confidential key. Keys are alphanumeric.

Public keys. This is the innovation important to scramble and decode exchanges. It is “one way,” implying that it effectively opens exchanges, yet switching the transaction can’t be utilized. This key empowers the blockchain to be continuous.

Confidential keys. This is the password that executing parties start so the exchange is exceptional to themselves. To spend Bitcoin, one should know their own confidential key and carefully sign the exchange. The party’s mark is confirmed by the public key without uncovering the confidential key.

In the event that the party loses its vital, the Bitcoin in the wallet turns out to be basically useless, as it is unrecognizable and out of reach to anybody. As per Chainalysis, a blockchain examination organization, generally 20% of Bitcoins host been lost by gatherings who lost the confidential key. Furthermore, in the event that the confidential key is uncovered in a security break, the Bitcoin held inside it tends to be taken. In 2022, cryptographic money financial backers lost a record $3.8 billion to programmers.

Cold capacity. Confidential keys are put away disconnected to help abstain from losing them or presenting them to a security break.


Bitcoin Reception and Contention

Bitcoin allies note that an ever increasing number of establishments, nations and stages are tolerating the advanced cash. In the U.S., be that as it may, its primary worth at present is as a venture.


A few defenders keep on holding out trust for Bitcoin to turn into a worldwide save money, and the U.S. is finding a way beginning ways to investigate the practicality of digital currency on a government level. In Walk 2022, President Joe Biden marked a chief request to look at the essential guideline and oversight of computerized resources, as well as thinking about a U.S. National Bank Computerized Money (CBDC), a computerized form of the dollar. The entire of-government request additionally coordinates the U.S. to play an influential position in imparting U.S. values around monetary steadiness, information security and common liberties in worldwide advanced drives.


While certain nations, most eminently China, have prohibited cryptographic money mining and exchanging, numerous nations are embracing it completely:


Crypto has supported the two sides of the Russia/Ukraine struggle. Crypto is valued because of its decentralized nature, where fast exchanges are helpful to get cash into struggle regions for both philanthropic necessities and military help. Ukraine posted two crypto wallets toward the start of the Russian attack to raise reserves, drawing in more than $56 million inside the primary month. Russia has raised around 1/tenth of that sum.

El Salvador embraced Bitcoin as its lawful delicate in 2021. As the main country to do as such, it itends to determine profound monetary hardships and forestall the dangers that accompany a feeble public cash. Introductory excitement by Salvadorians was dull. The nation lost an expected $40 million of its speculation. Authorities multiplied down, commanding cryptographic money education courses in state funded schools starting in 2024. El Salvador’s devotion to the idea is paying off. President Nayib Bukele uncovered that the nation has moved about $400 million into a chilly wallet and set it into an in-country actual vault toward the beginning of Walk 2024. This mirrored a multiplying of the nation’s known record and incorporates resources procured through the public authority’s new Opportunity visa.

Iran has viewed Bitcoin as a successful strategy to sidestep U.S. monetary authorizations on the country. In light of its plentiful normal assets, Iran had the option to effectively turn to delivering hydroelectric power for Bitcoin mining when the U.S. braced down on its oil and gas tasks. 

The public authority expects that diggers pay a higher tax for their power utilization and sell all mined Bitcoin to the country’s national bank. Because of these prerequisites, unlawful crypto-mining exercises have multiplied, which made huge electrical blackouts in the country during top use periods. Iran needed to end all crypto digging for a very long time while clasping down on permissible movement.

Crypto’s part in the conflict among Israel and Hamas has been on the radar of the Monetary Violations Implementation Organization (FinCEN), the U.S. Depository arm that battles psychological oppression supporting. A joined $165 million in crypto exchanges, comprising of 200 wallets connected to Hamas, are accepted to be attached to the Oct. 7, 2023 shock assault on Israel.

Bitcoin has additionally been refered to for the environmental change ramifications of its gigantic electric power use. The College of Cambridge distributes the Cambridge Bitcoin Power Utilization File (CBECI), which gives gauges on the ozone depleting substance discharges connected with Bitcoin. It found that crypto digging is liable for 0.1% of worldwide ozone harming substance emanations.


The quick ascent and resulting breakdown of FTX Exchanging Ltd. addressed quite possibly of Bitcoin’s most sensational section. FTX was driven by Sam Bankman-Seared, conversationally known as SBF, and worked related to Alameda Exploration, another SBF-established substance show to Caroline Ellison, his better half at that point. FTX developed forcefully through high-profile acquisitions and sensational showcasing efforts, including big name and virtual entertainment powerhouse supports. The showcasing message was centered around better returns than normal ledgers.


In November 2022, CoinDesk distributed an article specifying FTX’s unsafe monetary dangers, absence of bookkeeping oversight and possible crook use.

Balance Transfers and Best Practices for 2024

Balance Transfers and Best Practices for 2024

Balance transfer credit cards present an enticing opportunity for individuals seeking to escape the clutches of high-interest debt while enjoying a temporary respite from interest payments. This financial maneuver involves transferring existing credit card debt to a new card offering a 0% introductory annual percentage rate (APR) on balance transfers.


While the prospect of paying zero interest sounds appealing, navigating the intricacies of balance transfer cards requires careful consideration. In this guide, we will delve into the fundamentals of balance transfers, elucidate how these cards operate, explore eligibility criteria, highlight restrictions, discuss the timeline involved, and provide insights into maximizing savings. Additionally, we will examine the pros and cons of balance transfer cards, offer tips on responsible usage, and detail the process of selecting the best card to suit individual needs.

I. Introduction to Balance Transfers
Balance transfer credit cards serve as a financial lifeline for those burdened by high-interest credit card debt. The premise is simple: individuals can transfer existing debt from high-interest credit

cards to a new card with a 0% introductory APR on balance transfers. This provides a window, typically ranging from 12 to 21 months, during which the cardholder can pay off the debt without incurring any interest charges. The appeal lies in the potential to save money and expedite the debt repayment process.

II. How Balance Transfer Cards Work
While the prospect of utilizing a balance transfer card to alleviate debt is appealing, understanding the mechanics is crucial to avoid potential pitfalls. Here are key aspects to consider:

  1. Eligibility Criteria:

    • Strong Credit Score: Typically, a FICO score of 670 or higher is required, with a score of 740 increasing approval chances for the best cards.
    • Low Debt-to-Income Ratio: A debt-to-income ratio of 36% or less is considered favorable.
    • Clean Credit History: Delinquent credit accounts or recent bankruptcy may hinder approval.

  2. Restrictions on Balance Transfers:

    • Source of Balances: Transfers are usually allowed only from different financial institutions, not within the same credit card company.
    • Types of Debt Transferred: Balances from credit cards or certain loans may be eligible.
    • Transfer Limits: Cards have credit limits for transfers; exceeding this limit may result in declined transfers.

  3. Timeline:

    • Initiating Transfers: Steps to initiate transfers vary; it can be done online, by phone, or during the application process.
    • Introductory Rate Qualification: Transfers must be initiated within a specified period, often 60 to 120 days from account opening, to qualify for the 0% APR.

  4. Balance Transfer Fee:

    • Fee Structure: Most cards charge a fee (3% to 5% of the transfer amount, or a minimum of $5 to $10) for each balance transfer.
    • Fee Waivers: Some cards temporarily waive or have no balance transfer fees.

III. Pros and Cons of Balance Transfer Cards
Balance transfer cards come with both advantages and disadvantages, and understanding these can help individuals make informed decisions about their financial strategy.

Pros:

  • Interest Savings: Moving high-interest debt to a 0% APR card allows for interest-free payments during the introductory period.
  • Consolidation: Consolidating balances from multiple cards simplifies repayment with a single monthly payment.
  • Debt Repayment: Interest-free payments contribute solely to reducing the principal debt, accelerating the path to financial freedom.
  • Credit Score Boost: Lowering credit utilization by transferring balances positively impacts credit scores.

Cons:

  • Balance Transfer Fees: Most cards impose a fee, impacting the total amount to be repaid.
  • Introductory Offer Limits: Some cards limit the 0% APR to balance transfers only, with specific deadlines for transfers.
  • Credit Limits: Unknown until approval, credit limits may restrict the amount transferable.
  • Same Lender Restrictions: Balances can’t be transferred within the same credit card issuer.

IV. Maximizing Savings with a 0% Balance Transfer Card
To make the most of a 0% balance transfer card, strategic planning is essential. Here are tips for optimizing savings:

  • Calculate Monthly Payment: Determine the monthly payment required to eliminate debt before the 0% APR ends.
  • Avoid Late Payments: Late payments may result in losing the promotional rate; set up reminders or autopay.
  • Restrict New Purchases: Focus on debt reduction; refrain from new purchases to ensure a debt-free outcome.
  • Be Aware of APR End Date: Stay informed about the end date of the introductory period for timely debt resolution.

V. How to Transfer a Credit Card Balance
Transferring a credit card balance is a straightforward process, but a systematic approach is crucial. Follow these steps for a successful balance transfer:

  • Create a Budget: Establish a budget using tools like Mint or You Need a Budget, ensuring a realistic approach.
  • Organize Information: Gather necessary details, including account numbers, balances, and issuer information for each credit card.
  • Make the Request: Initiate the transfer either during the application process or afterward, following the issuer’s procedures.
  • Continue Payments: Maintain minimum payments on existing cards until balance transfer completion.
  • Keep Old Accounts Open: Closing old accounts may impact credit; consider keeping them open but inactive.

VI. Choosing the Best Balance Transfer Card
Selecting the right balance transfer card involves considering various factors. Here are steps to guide the decision-making process:

  • Compare Promotional Periods: Longer periods offer more time for debt repayment; weigh against other factors like balance transfer fees.
  • Review Terms: Examine additional features, such as 0% APR on new purchases, balance transfer fees, regular APRs, and credit limits.
  • Calculate Rewards Benefits: For rewards cards, assess the potential benefits after debt repayment.
  • Understand Cardholder Benefits: Consider additional perks, like extended warranty coverage or access to credit scores.

VII. Alternatives to Balance Transfers
For individuals ineligible for 0% APR balance transfer cards, alternative debt reduction options exist:

  • Debt Consolidation Loan: Combines high-interest debts into a single loan with a fixed monthly payment.
  • Home Equity Loan: Borrows against home equity, offering a fixed interest rate for debt consolidation.
  • Debt Relief Services: Certified credit counselors negotiate with creditors for lower rates and fees.
  • Debt Settlement Company: Negotiates debt settlement but may involve high fees and potential credit damage.

VIII. Best Balance Transfer Credit Cards Methodology
U.S. News selects the Best Balance Transfer Credit Cards based on criteria such as annual fees, APRs, balance transfer offers, introductory APRs, and issuer satisfaction ratings. Cards with a 0% APR for at least 14 months for balance transfers are considered, and the selection aims to assist consumers in making informed financial decisions.

In conclusion, balance transfer cards offer a valuable strategy for escaping high-interest debt, but their effective use requires careful planning and consideration of individual financial circumstances. By understanding eligibility criteria, navigating restrictions, and adhering to best practices, individuals can leverage these cards to their advantage, ultimately achieving financial freedom.

How Do Credit Cards Work?

 How Do Credit Cards Work?

Credit cards have become an integral part of our financial landscape, offering convenience and flexibility in managing transactions.




However, understanding how credit cards work is crucial to making informed financial decisions and maintaining a healthy credit profile. In this detailed guide, we will delve into the mechanics of credit cards, exploring their features, benefits, risks, and the impact they can have on your overall financial health.

**1. Understanding the Basics of Credit Cards

1.1 What is a Credit Card?

A credit card is a financial tool that allows cardholders to borrow funds from a credit issuer up to a predetermined limit. Unlike debit cards that draw directly from your bank account, credit cards provide a line of credit, essentially a short-term loan. This credit line is not unlimited and is determined by factors such as your credit history, income, and other financial aspects.

1.2 How Do Credit Limits Work?

Credit limits represent the maximum amount you can borrow on your credit card. Issuers set these limits based on your creditworthiness. Responsible use and timely payments can lead to credit limit increases over time, while missed payments or high credit utilization may result in reductions.

2. The Dynamics of Credit Card Transactions

2.1 Making Purchases

When you make a purchase using a credit card, you’re essentially borrowing money from the credit card issuer to complete the transaction. The merchant receives payment from the credit card company, and you incur a debt to be repaid later.

2.2 Interest Rates and APR

Credit cards come with Annual Percentage Rates (APR), which represent the cost of borrowing on an annual basis. It’s crucial to understand the difference between the regular APR for purchases, balance transfers, and cash advances. High APRs can lead to significant interest charges if you carry a balance.

2.3 Grace Periods

Many credit cards offer a grace period, usually between 21 and 25 days, during which you can pay off your balance in full without incurring interest. This period starts from the end of the billing cycle. Understanding and utilizing the grace period can help you avoid interest charges.

3. Credit Card Fees and Charges

3.1 Annual Fees

Some credit cards charge an annual fee for the privilege of using their services. While premium cards may offer valuable rewards that justify these fees, it’s essential to weigh the benefits against the costs.

3.2 Late Payment Fees

Missed payments often result in late payment fees, adding to your overall debt. It’s crucial to make payments on time to avoid these charges and protect your credit score.

3.3 Overlimit Fees

Exceeding your credit limit may trigger overlimit fees. Monitoring your spending and staying within your credit limit can help you avoid these charges.

3.4 Cash Advance Fees

If you use your credit card to withdraw cash, you may incur cash advance fees, which are typically higher than regular purchase APRs. Cash advances also often lack a grace period, meaning interest accrues immediately.

3.5 Balance Transfer Fees

Transferring a balance from one credit card to another may involve balance transfer fees. While this can be a useful strategy for consolidating debt and obtaining lower interest rates, it’s crucial to understand the associated costs.


4. Building and Maintaining Credit

4.1 Impact on Credit Score

Credit cards play a significant role in shaping your credit history and credit score. Responsible credit card use, including timely payments and maintaining a low credit utilization ratio, can positively impact your credit score.

4.2 Credit Utilization

Credit utilization refers to the ratio of your credit card balances to your credit limits. Keeping this ratio low (typically below 30%) demonstrates responsible credit management and positively influences your credit score.

4.3 Credit Reporting

Credit card issuers report your account activity to credit bureaus, influencing your credit report and, consequently, your credit score. Consistent positive behavior enhances your creditworthiness.

5. Rewards and Perks

5.1 Cash Back, Points, and Miles

Many credit cards offer rewards programs, providing cash back, points, or miles for eligible purchases. Understanding the terms and conditions of these programs can help you maximize the benefits.

5.2 Introductory Offers

Credit cards often feature introductory offers, such as 0% APR for a specified period or bonus rewards. Utilizing these promotions wisely can result in significant savings.

6. Responsible Credit Card Management

6.1 Budgeting

Creating and sticking to a budget is essential for responsible credit card use. Knowing your income, expenses, and spending limits helps prevent overspending and accumulating debt.

6.2 Timely Payments

Paying your credit card bill on time is crucial for maintaining a positive credit history. Late payments can lead to fees, increased interest rates, and negative impacts on your credit score.

6.3 Regular Monitoring

Regularly reviewing your credit card statements and transactions helps detect any unauthorized or fraudulent activity. Promptly reporting any discrepancies to the issuer can protect your finances and credit.

7. Managing Debt and Avoiding Pitfalls

7.1 Debt Repayment Strategies

If you find yourself in credit card debt, developing a repayment strategy is vital. Options include the snowball method, avalanche method, and debt consolidation. Understanding the pros and cons of each approach can guide your decision.

7.2 Avoiding Minimum Payments

While minimum payments may seem convenient, they can result in a cycle of debt due to accumulating interest. Striving to pay more than the minimum can accelerate debt repayment.

7.3 Closing Unused Accounts

Closing unused credit card accounts may impact your credit score, as it can affect your credit utilization ratio and average account age. Carefully consider the implications before closing any accounts.

8. Security Measures and Fraud Protection

8.1 EMV Chips and Contactless Payments

Credit cards are equipped with EMV chips to enhance security during in-person transactions. Contactless payments, utilizing technologies like NFC, further contribute to secure transactions.

8.2 Fraud Monitoring

Credit card issuers employ sophisticated fraud monitoring systems to detect unusual or suspicious activity. However, cardholders should also remain vigilant, promptly reporting any unauthorized transactions.

9. Choosing the Right Credit Card

9.1 Assessing Your Needs

Selecting the right credit card involves evaluating your financial goals, spending habits, and creditworthiness. Whether you prioritize rewards, low APR, or specific perks, there’s a card tailored to your needs.

9.2 Reading Terms and Conditions

Thoroughly reviewing the terms and conditions of a credit card agreement is crucial. Understanding interest rates, fees, rewards structures, and other terms ensures you make informed decisions.

10. Conclusion

In conclusion, credit cards can be powerful financial tools when used responsibly. Understanding how credit cards work, from their basic mechanics to their impact on credit scores and financial well-being, empowers individuals to make informed choices. By managing credit cards wisely, one can harness their benefits while avoiding potential pitfalls. Regular monitoring, responsible budgeting, and strategic debt management are essential elements in maximizing the advantages of credit cards and building a strong financial foundation.

Best Credit Cards of February 2024

 Best Credit Cards of February 2024

As we step into the month of February 2024, the credit card landscape continues to evolve with new offerings and exciting benefits. With so many options available, it can be overwhelming to select the best credit card that suits your financial needs and lifestyle.



 To make your decision-making process easier, we have compiled a list of the best credit cards of February 2024, taking into consideration their rewards programs, fees, and customer satisfaction.


1. Chase Sapphire Preferred® Card:


The Chase Sapphire Preferred® Card remains a top contender in the credit card market. With its generous rewards program, cardholders can earn 2X points on travel and dining at restaurants worldwide and 1X point per dollar spent on all other purchases. The welcome bonus of 100,000 points is hard to beat, making this card an excellent choice for frequent travelers. Moreover, the card offers no foreign transaction fees, making it ideal for international travel.


2. American Express® Gold Card:


For those who enjoy dining out and shopping for groceries, the American Express® Gold Card is a fantastic option. With 4X points on dining worldwide and U.S. supermarkets, along with 3X points on flights booked directly with airlines or on amextravel.com, this card is a foodie’s dream. The annual fee of $250 may seem steep, but the card’s various benefits, including up to $120 dining credit and $100 airline fee credit, offset the cost.


3. Citi® Double Cash Card:


If simplicity is what you seek in a credit card, the Citi® Double Cash Card is the perfect choice. With no annual fee, this card offers 2% cash back on every purchase: 1% as you buy, and 1% as you pay. There are no category restrictions or sign-up bonuses to worry about. Furthermore, this card provides access to Citi Entertainment, which offers exclusive access to presale tickets, events, and experiences.


4. Capital One® Venture Rewards Credit Card:


If travel is your passion, look no further than the Capital One® Venture Rewards Credit Card. This card earns 2X miles on every purchase, with the added benefit of a welcome bonus worth 100,000 miles. The annual fee of $95 is waived for the first year, making it an attractive option for frequent travelers. Additionally, this card offers the opportunity to transfer miles to select airline partners, providing flexibility in using your rewards.


5. Discover it® Cash Back:


For those looking to maximize their cash back rewards, the Discover it® Cash Back card is a great choice. With rotating quarterly categories that earn 5% cash back, and 1% cash back on all other purchases, this card allows you to earn significant rewards throughout the year. Discover also matches all the cash back you’ve earned at the end of your first year, making it an excellent option for those looking for extra savings.


In conclusion, the best credit cards of February 2024 offer a range of rewards and benefits to suit different financial needs and lifestyles. Whether you prefer travel rewards, cash back, or dining perks, there is a credit card to cater to your preferences. Ultimately, the choice comes down to your personal preferences and spending habits. Remember to always read the terms and conditions carefully before applying for any credit card and consider how the rewards and fees align with your financial goals.

Explore 11 Newly Approved Spot Bitcoin ETFs for 2024

Investors can now seamlessly access spot Bitcoin exposure in their brokerage accounts through these recently approved ETFs.



A groundbreaking move unfolded with the U.S. Securities and Exchange Commission’s endorsement of 11 new spot Bitcoin (BTC) ETFs on January 10. This marked a pivotal moment in the cryptocurrency and fund management sectors, deviating from the previous norm where ETFs were limited to Bitcoin futures.

These newly approved ETFs are backed by physical Bitcoin held by a custodian, providing advantages such as reduced tracking error and direct exposure to the cryptocurrency’s price movements.

This development comes after a transformative year in 2023, characterized by a resurgent Bitcoin market and a significant legal triumph for Grayscale Investments. Subsequent to these events, ETF providers swiftly adjusted their prospectuses, positioning themselves at the forefront of this new investment opportunity.

The days leading up to the SEC’s approval were tense, featuring the compromise of the SEC’s Twitter (now X) account. A false approval tweet on Jan. 9 heightened anticipation within the investment community before the official debut of these ETFs.

Following the SEC’s approval on Jan. 11, U.S. Bitcoin ETFs witnessed a surge in trading volume to $4.6 billion. Bitcoin itself reached a peak of $48,922 during the trading frenzy, reflecting the market’s enthusiastic response to this historic decision. However, within days, it experienced a dip, trading below $42,000.

  1. Grayscale Bitcoin Trust ETF (GBTC)

  2. Originally a closed-ended trust, GBTC, the pioneering Bitcoin fund since 2013, has now transformed into an open-ended ETF. As of Jan. 17, it remains the largest Bitcoin ETF with over $25 billion in assets under management (AUM). However, GBTC faced some net outflows in the initial days of other Bitcoin ETF launches, attributed to its higher expense ratio of 1.5%.


  4. Hashdex Bitcoin Futures ETF (DEFI)


  5. Initially a Bitcoin futures ETF, DEFI underwent a strategy change on Jan. 11 to allow holding spot Bitcoin. DEFI, known for its experienced cryptocurrency industry background, charges a 0.9% expense ratio.


  7. Franklin Bitcoin ETF (EZBC)


  8. Franklin Templeton, renowned for its international equity funds, entered the Bitcoin ETF space with EZBC. Traded on the Chicago Board Options Exchange (CBOE), EZBC tracks spot Bitcoin held by Coinbase Global Inc. It has attracted around $49 million in AUM, with fees waived through Aug. 2 for the first $10 billion in AUM.


  10. VanEck Bitcoin Trust (HODL)


  11. HODL, referencing the “hold on for dear life” motto, has gathered approximately $86 million in AUM as of Jan. 17, with a 0.25% expense ratio. Like DEFI, it is traded on the CBOE, with potential plans for an options chain.


  13. iShares Bitcoin Trust (IBIT)


  14. BlackRock’s IBIT, launched on the Nasdaq exchange, has surpassed $1 billion in AUM within a week of its debut. BlackRock reduced its initial 0.25% expense ratio to 0.12% for the first $5 billion in AUM over a 12-month period.


  16. Valkyrie Bitcoin Fund (BRRR)


  17. BRRR, trading on the Nasdaq exchange, is currently waiving its 0.25% expense ratio for the first three months. With Coinbase as its custodian, BRRR has attracted over $62 million in net assets.


  19. Invesco Galaxy Bitcoin ETF (BTCO)


  20. Invesco’s BTCO, with around $137 million in AUM, offers familiar access to Bitcoin. Invesco is waiving fees from 0.39% to zero for the first $5 billion in AUM for six months.


  22. WisdomTree Bitcoin Fund (BTCW)


  23. Despite its focus on dividend funds, WisdomTree entered the Bitcoin ETF competition with BTCW. It is waiving its 0.3% expense ratio to zero for the first $1 billion in AUM for six months.


  25. Fidelity Wise Origin Bitcoin Fund (FBTC)


  26. Fidelity’s FBTC, not its first spot Bitcoin ETF, benefits from Fidelity’s substantial presence. Fidelity has waived FBTC’s expense ratio from 0.25% to zero, with plans to reinstate it on Aug. 1.


  28. Ark 21Shares Bitcoin ETF (ARKB)


  29. In collaboration with 21Shares, Ark Invest offers Bitcoin exposure through ARKB. ARKB has attracted $10.3 million in inflows through Jan. 10, waiving its expense ratio temporarily.


  31. Bitwise Bitcoin ETF (BITB)


  32. Bitwise’s BITB, listed on the New York Stock Exchange (NYSE), has achieved strong success with $354 million in AUM through Jan. 17. It is temporarily waiving its expense ratio for the first $1 billion in AUM for six months, making it one of the most cost-effective options on this list.

Top 6 of the Best Cryptocurrencies to Buy Now

Investing in cryptocurrency can be thrilling, but with thousands of volatile options, it’s not for the faint of heart. This ever-evolving market, born in 2009, offers immense potential but comes with inherent risks.



Navigating the Rollercoaster:

The crypto market is prone to dramatic swings. In 2021, it peaked at $2.9 trillion, plummeting to $900 billion by mid-2022. Today, it sits around $1.5 trillion. If you’re averse to these wild rides, steer clear.


Choosing Your Weapons:

With countless coins vying for your attention, the selection process can be daunting. This guide highlights six promising options:


1. Bitcoin (BTC): The Granddaddy

  • Established king of crypto, boasting the largest market cap at $757 billion.

  • Mainstream acceptance with Bitcoin ETFs finally gaining traction.

  • Considered a “digital gold” for its store-of-value potential.

2. Ether (ETH): The Ethereum Engine

  • Second-largest crypto, valued at $263 billion.

  • Powers the Ethereum network, popular for smart contracts, DeFi, and web3 applications.

  • Recent shift to proof-of-stake increases its environmental appeal.

3. Avalanche (AVAX): The Ambitious Upstart

  • Higher risk, but boasts innovative features like subnets for custom mini-blockchains.

  • Price surged 55% in the past year, currently at $28 with a $10 billion market cap.

4. Polygon (MATIC): Scaling Up Ethereum


  • Aims to enhance Ethereum’s capabilities, enabling more dApps.

  • Currently ranked 13th, offering room for growth with its $6.8 billion market cap.

  • Price needs to recover from a 70% loss in 2022.

5. Cardano (ADA): The Eco-Friendly Choice


  • Founded by an Ethereum co-founder, uses energy-efficient proof-of-stake.

  • Developer-friendly ecosystem for dApps with a limited coin supply.

  • Nearly doubled since 2023, currently at 47 cents with a $16.5 billion market cap.

6. Cosmos (ATOM): Connecting the Blockchain World


  • Facilitates easier communication between different blockchains.
  • Aims to make blockchain tech more accessible for developers and users.

  • Market cap of $3.5 billion, still recovering from a 71% drop in 2022.

Conclusion:

Investing in cryptocurrency carries inherent risks. This is not financial advice, and you should always conduct your own research before making any investment decisions.

Pastor Accused of Defrauding Investors of $3M Via Crypto Scheme Says He Got Help From 'The Lord' – Newspk 24

DENVER (AP) — A Colorado pastor leading an online church faces allegations of defrauding investors exceeding $3.2 million through a cryptocurrency marketplace, which he operated alongside his wife. Eli Regalado contends that “the Lord” guided him in organizing the venture.



The securities commissioner in Colorado has filed civil fraud charges against Eli Regalado and his wife, Kaitlyn Regalado, asserting that the couple specifically targeted the Christian community. They purportedly promised followers that investing in their cryptocurrency, named INDXcoin, would bring wealth as ordained by God.

An investigation by the Colorado Division of Securities revealed that between June 2022 and April 2023, INDXcoin garnered over $3.2 million from more than 300 investors. The complaint, filed in January, characterizes the currency as “illiquid” and “essentially worthless.”

The Regalados, operators of the Kingdom Wealth Exchange, allegedly diverted at least $1.3 million from investors to fund an extravagant lifestyle. This included substantial expenditures on vacations, jewelry, luxury handbags, cosmetic dentistry, clothing, and home renovations. The couple, who closed the exchange on November 1, is also accused of using funds to buy a Range Rover.

In response to an email seeking comment, Eli Regalado remained silent. However, in a recent video statement to his followers, he acknowledged the veracity of the charges. He claimed that out of the $1.3 million, half a million went to the IRS, and the rest funded a home remodel prompted by divine advice received in a dream.

The online-only Victorious Grace Church, operated solely by the Regalados, conducts its activities from the couple’s residence, their recreational vehicle, and vacation spots, as revealed by investigators.

The couple’s presentations to pastors and evangelical Christians featured prayer and biblical quotes, urging potential investors to have faith in the cryptocurrency for financial “abundance” and “blessings.”

Eli Regalado asserted in an August 2022 video that the cryptocurrency was a divine directive for a “wealth transfer” to God’s people.

The Regalados also promised to “tithe” and contribute to causes aiding widows and orphans, but the complaint alleges that these payments primarily benefited the Regalados themselves.

Despite lacking prior cryptocurrency-selling experience, the Regalados are accused of violating the anti-fraud, licensing, and registration provisions of the Colorado Securities Act. They are scheduled to appear in court on January 29.

Top 5 Web3 Companies

Bitcoin (BTC) and other cryptocurrencies have garnered significant attention on Wall Street in recent times. However, technology experts suggest that the underlying blockchain technologies hold greater potential impact on the world compared to the currencies themselves.


These experts envision blockchain as the foundation of Web3, a decentralized evolution of the internet transferring control from major tech companies to users. Within Web3, artificial intelligence and machine learning are expected to be pervasive, enhancing the internet’s utility and adaptability.


Nevertheless, Web3 is still a nascent concept, posing challenges for stocks solely focused on blockchain, the metaverse, and Web3 infrastructure. It remains more of a conceptual narrative than an operational network, introducing additional risks and uncertainties.


Some of the most successful stocks of the past two decades, like Meta Platforms Inc. (META), Amazon.com Inc. (AMZN), Alphabet Inc. (GOOG, GOOGL), and Netflix Inc. (NFLX), have played pivotal roles in shaping current web interactions. Identifying early-stage Web3 stocks could lead to substantial returns for investors.


Bank of America analysts recommend five Web3 stocks to consider:


  2. Nvidia Corp. (NVDA):


    • Designs and sells high-end graphics and video processing chips.
    • The Nvidia Omniverse platform facilitates 3D workflows and metaverse applications.

    • Analyst Vivek Arya projects sustained annual revenue growth of at least 22% through 2026.


  4. Meta Platforms Inc. (META):


    • Owns and operates major social media platforms, including Facebook and Instagram.

    • Focusing on building a metaverse with blockchain and AI technology.

    • Bank of America has a “buy” rating and $425 price target for META stock.


  6. Block Inc. (SQ):


    • A financial services and digital payments company.
    • Allows Bitcoin trading through Cash App and supports decentralized finance (DeFi).

    • Bank of America recommends with a “buy” rating and $85 price target for SQ stock.


  8. Roblox Corp. (RBLX):


    • An online entertainment platform and potential functioning metaverse.

    • CEO David Baszucki embraces Web3 principles, foreseeing seamless integration of blockchain-based assets.

    • Bank of America recommends with a “buy” rating and $54 price target for RBLX stock.


  10. Unity Software Inc. (U):


    • Owns one of the main 3D video game engines.

    • Added a decentralization category to support developers focusing on decentralization in gaming.

    • Analyst Michael Funk foresees continued double-digit percentage annual revenue growth.

Investors are advised to exercise caution as the Web3 concept is still evolving, and stocks in this space may face uncertainties and challenges in the near term.

5 of the Best Sites for Paper Trading Stocks

If you’re new to stock picking, taking the leap to risk your hard-earned money can be intimidating. That’s where “paper trading” becomes a valuable tool.


An enduring financial adage states that “it takes money to make money,” and for many, the stock market serves as a lucrative and well-established avenue to grow their capital.

While investing in passive, low-cost stock market mutual funds or ETFs tracking major indices is a reliable strategy, it has its drawbacks. Firstly, you can’t outperform the index you’re following, and secondly, it might be less exciting.

So, if you’re considering venturing into individual stock selection, the thought of risking real money can be daunting, especially if you’re a beginner. This is where “paper trading” comes into play.

What is Paper Trading?

Paper trading involves simulating your investment strategy using fake money and monitoring the results. This allows you to assess the success of your ideas before committing real capital.

Opening an account for paper trading is beneficial not only for short-term day traders testing strategies but also for cautious buy-and-hold investors.


Here are five top paper trading sites and stock market simulators:


  1. MarketWatch:


    • Referred to as the “virtual stock exchange,” MarketWatch’s platform is widely used by individual investors, beginners, and students.

    • It allows users to create or join games, competing to achieve the best returns with imaginary money.

    • MarketWatch offers the option to invest in over 5,000 public companies across various exchanges.

  2. Investopedia:


    • Similar to MarketWatch, Investopedia provides a free stock market simulator.

    • In addition to stocks and ETFs, users can also paper trade stock options, adding complexity to the simulation.

    • The platform includes an educational section where users can learn about stocks, trading basics, and options strategies.

  3. Finviz:


    • While not explicitly a stock simulator, Finviz’s portfolio-tracking feature allows users to monitor the performance of their picks without real money.

    • Users can create virtual portfolios with up to 50 different symbols, and the platform offers a stock screener for building themed portfolios.

  4. Thinkorswim:


    • Thinkorswim, originally from TD Ameritrade and now under Charles Schwab, provides a highly acclaimed online trading software.

    • It offers paper trading (paperMoney) for stocks, ETFs, mutual funds, and options within a sophisticated interface.

  5. eToro:


    • eToro offers a user-friendly paper trading experience, allowing users to experiment with different online brokerages and trading strategies.

    • The platform is particularly suitable for beginners and offers a CopyTrader feature for mimicking the trades of successful investors.

While each platform has its strengths and limitations, they collectively serve as valuable tools for individuals looking to hone their investing skills without risking real money.

Government backs crackdown on lawsuits used to silence journalists – Newspk 24

The Government has thrown its support behind initiatives aimed at curbing baseless legal actions designed to silence journalists, academics, and activists. These Strategic Litigation Against Public Participation (SLAPPs) often involve affluent individuals attempting to use defamation and privacy laws to prevent the exposure of wrongdoing.


Under the proposed measures, impartial judges would have the authority to dismiss frivolous claims before reaching trial, shielding defendants from exorbitant expenses. The Strategic Litigation Against Public Participation Bill also strives to eliminate the intimidation associated with SLAPPs by ensuring fair compensation for those targeted by such actions.

Labour’s Wayne David, who presented the Private Member’s Bill, emphasized the need for comprehensive protection of freedom of expression. He highlighted the detrimental impact of bullying tactics, including intimidating litigation costs and damages that could lead to bankruptcy, loss of homes, and emotional distress.

The legislation, already supported by major political parties, builds on existing efforts to address SLAPPs related to economic crimes. The Justice Secretary, Alex Chalk, emphasized the commitment to safeguarding free speech and a free press, underscoring the importance of individuals feeling confident to expose corruption.

Prominent examples of SLAPPs being used by powerful figures, including Russian oligarchs, have prompted the push for stronger legal safeguards. The proposed legislation seeks to extend coverage beyond economic crimes, encompassing various litigation types such as sexual harassment.

MPs from different parties voiced their support for the Bill, recognizing its role in protecting democracy’s fundamental principles. Concerns were raised about SLAPPs being used to suppress negative reviews or criticism in different contexts, from botched plastic surgeries to uninhabitable housing situations.

While the Bill received an unopposed second reading, the News Media Association expressed support for its objectives while suggesting amendments to enhance its effectiveness. These proposed changes include simplifying the subject test and ensuring that new powers do not undermine existing laws, particularly the public interest test in the Defamation Act.