Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin

Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin

Although there are plans to release a digital rupee, there is reportedly a plan to ban cryptos altogether in India. For several years, India’s politicians and elites have been the impediments to a thriving crypto industry in the country.

The government through the Reserve Bank of India (RBI) has been coming up with regulations that have crippled the Indian crypto industry. Orders emanating from RBI has seen various banks give warnings to crypto customers.

It is now becoming clear that the politicians and the banking elites feel threatened by the cryptos and are not ready to embrace them soon. However, there are a number of crypto enthusiasts who are determined to educate the public about cryptos and why they should push the government to enact crypto friendly laws.

One of the most widely read publications in India, The Economic Times is leading the campaign to inform the public about cryptos with the latest Op-ed.

An editor at Economic Times, TK Arun, run an opinion piece that will no doubt irk the authority figures curbing the crypto movement. The piece titled “Why India should not outlaw cryptocurrencies” comes at a time when the RBI is allegedly proposing to ban cryptos.

Arun says that the idea of jailing crypto holders in the Asian country sounds ‘myopic’. The editor asserts that RBI should be working on breaking away from the US dollar stranglehold. Arun explained:

“India needs to be open to the possibility of using cryptocurrencies for international payments bypassing the dollar.”

Think Beyond Bitcoin

The author urges the authorities to think beyond Bitcoin and see the advantages that stablecoins linked with fiat currency offer. Arun, refers stablecoins as a subgroup in the crypto framework hinting at some of the differences they have with Bitcoin.

Arun emphasizes on the fact that stablecoins are pegged to fiat currencies that are operated by banks as well as other financial entities. He explains that stablecoins bring stability in the sector and can be used in settling international payments where a US counterparty is not involved. This will help to break the dollar stranglehold.

He says that the creation of a payment system that side steps the dollar is imminent as the US has weaponized the use of the dollar in settlement of international payments. He gives an example of the recent spat between the US and Iran which has seen sanctions against Tehran being imposed.

According to the author, the sanctions stipulates that any enterprise dealing with another that has done business with Iran, even indirectly, will be denied access to the dollar payment system. He continues:

“No bank can afford to be cut off from access to the dollar. So, no bank would deal with anyone that deals with an entity on which the US has declared secondary sanctions. The dollar is a powerful weapon in the hands of the US that it can wield against anyone it wants to.”

The author posits that a blockchain-based currency is the only possible solution to deal with the weaponization of the dollar system.

He, thus urges India to quit coming up with a legal system that inhibits the creation of a payment system that works outside the dollar system. He however says that policies should be made to prevent illegal and fraudulent ways like money laundering and thefts in the crypto space.

He says that rather than banning cryptos, India should be on the lead to encourage other nations like China and the EU as well as international institutions to develop an international payment system outside the dollar framework.

What’s your take on Arun’s courageous move to challenge the Indian authorities on their hard stance on cryptos? Share with us in the comments section.

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Author: Joseph Kibe

Australia’s Crypto Tax Laws Faulted for Inefficiency as Investor Pays $100,000 for Holding a $20,000 Digital Asset Portfolio

Australias-Crypto-Tax-Laws-Faulted-for-Inefficiency-as-Investor-Pays-100000-for-holding-a-20000-Digital-Asset-Portfolio

Australia, a market leader in digital asset accommodation has contributed strongly to this space since the bull run in Q4 of 2017. This atmosphere is generally good for the blockchain and crypto industry as more enthusiasts look for regulatory friendly destinations to implement their ideas.

In addition, the premier Bitcoin Exchange Traded Fund is set to be launched by BDO, an accounting company that operates in Australia.

The Australian crypto regulatory space is however not perfect as one would imagine for a crypto-accommodating country. A recent report by Micky.com indicates that foreigners investing in digital assets within Ausralia’s market are faced with higher tax burdens. In fact, one of the investors was shocked when they realized that they had to pay taxes more than the amount of digital assets owned.

Crypto Tax Australia Director, Adrian Forza, said that one of the firm’s client was forced to pay taxes for digital assets 5 times bigger than his current portfolio. The situation came about as a result of Australia’s Taxation Office (ATO) requirement to declare digital assets upon receiving. Forza’s client had received an initial $250,000 worth of digital assets but the investment had fallen to $20,000 at the time of tax payment.

The digital currency proceeds owned by this client had been documented in January,2018 and were meant for development within the same industry. At that time, the market was still green after BTC hit the $20,000 but did not sustain this level past Q1. It therefore followed that the client now owes $100,000 worth of taxes while the investment is way below the taxed amount.

In Forza’s opinion, the scenario is a mess which does not take fairness into account;

“That’s a really unfair outcome because he’s basically received cryptocurrency and the value has dropped significantly and now he has to pay tax on money he doesn’t have. This is something they will have to change as it is unfair.”

Furthermore, Forza added that Australia ought to enhance its regulation to be more clear for the blockchain and cryptocurrency space. This is particularly for income generated from mining and investing activities within cryptocurrency.

Exclusion Of Hard Fork Coins In Regulations

According to Forza, the ATO made additional regulations that prospective crypto investors may have not come across. One of the distinguishing examples is the case of Ethereum Classic that is considered as the original cryptocurrency while Ethereum’s value is pegged at $0 for investors who held the coin at time of its fork. In simple terms, one would have to incur tax charges for the full amount received upon the sale of ETH. He further explained that;

“In the crypto space people think of Ethereum as the original, but the ATO has said that Eth is the one that changed and ETC kept all of its original properties.”

Similarly, folks who got proceeds for Bitcoin SV and BCH during hard forks are subjected to the same outcomes as that of Ethereum Classic and ETH. Digital coins that were received due to have forks have their base cost set at 0. However, crypto investors that have been holding their positions longer than 12 months are allowed to claim tax discounts.

Better Clarification In Cryptocurrency Tax Laws (Mining & Masternodes)

One of the issues that Forza has asked to be addressed is setting clearer regulations around the earnings from cryptocurrency. This mainly involves the income resulting to mining and masternode investments together with better definition of investing compared to crypto trades.

Jonathan Carley, DigitalX head of finance, also joined in the push for better regulations for firms to leverage digital coins even more. The blockchain firm head noted that reforming the Fringe Benefits Tax would allow employers to pay in digital coins.

The former BDO auditor noted that Australian firms that paid their employees in crypto coins were subjected to the Fringe Benefits Tax. This also affects the payment of services by firms who wish to leverage the lower transaction costs and time efficiency of digital assets.

Carley, said that this type of tax makes companies lose instead of gaining by transacting in crypto coins as they have to incur more than 40% costs on the dollar. The alternative of stablecoins is also as costly given that ATO does not qualify them as fiat currencies hence taxed as cryptocurrencies. He pushed for a better definition of the digital assets recommending that ATO classifies them as security tokens, cryptocurrencies and stablecoins.

In addition, Carley called for a tax structure that would enable offsetting losses incurred during a financial year with gains made in another time period. He supported the argument with 2017’s market run where investors made over 70% in profits but later lost more after they invested in different digital assets and the market went into a downtrend.

Regulation On Crypto Payments And Investments

The crypto assets ought to be defined according to their purpose, investing or payments, according to Carley’s view. He said that digital assets regulation would be much easier if they were categorized and users did not have to incur penalties for using the wrong coins.

Both Carley and Forza however do not believe that the popular suggestion in crypto forums to tax the coins as ‘fiat in, fiat out’ would be adopted by the ATO. Carley noted that in as much as this is preferred he does not see any signs by the ATO to accommodate such a strategy in crypto regulation.

Knowledge Gap In Cryptocurrency Laws

Forza stated that the most threatening challenge in crypto taxation was a poor understanding of these laws amongst the market players. Its main consumers are between the age of 25 to 40 and are yet to encounter an accountant in their lives.

One advice that Forza gave to crypto investors was to invest more in record keeping. This can be done through crypto services such as TaxToken, CoinTracking and using the Independent Reserve to calculate tax. Despite the slight variation in accuracy due to different exchange prices, Forza assures that this information would cut it for the ATO.

“The ATO only expects you to make a reasonable effort,” he noted.

Furthermore, crypto investors ought to download their statements from time to time as we have seen digital exchanges closing without notice in the past.

Australia’s Crypto Tax chat founder in Facebook also acknowledged that the gap in regulation understanding poses the biggest challenge in crypto. Users often do not understand the distinction between investing and trading digital assets. One is subject to tax once they convert crypto into fiat due to the taxable gains of exchanging one asset for another.

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Author: Bitcoin Exchange Guide News Team

Why is FINRA Lingering on Approval Requests for 40 Digital Assets Securities Startups?

Why-is-FINRA-Lingering-on-Approval-Requests-for-40-Digital-Assets-Securities-Startups

Why Is FINRA Frustrating Approval Requests For 40 Digital Assets Securities Startups?

The current cryptocurrency and blockchain climate is pretty interesting. There’s so much happening right now that everyone naturally seems to want a piece of the pie. 2019 has been a good year bitcoin for example and there is a lot more recorded investment – both individual and institutional – than there used to be in times past. There’s the Binance incubation program and there’s also Ripple Labs both of whom are spending a lot of time and Resources to help nurture and grow many up-and-coming startups focusing cryptocurrency and blockchain technology.

However in all this excitement as many as 40 different startups seeking to trade tokenized securities have been stifled because they’ve been waiting for approval from U.S. authorities. According to reports, the Financial Industry Regulatory Authority (FINRA) which is a self-regulatory organisation (SRO), has been reluctant to approve more than a few startups for quite a while now. At the moment, there’s a lot of speculation but nobody is exactly sure why this is happening as some of these startups have been waiting for up to a year and some as long as 14 months.

Some people who are clearly unhappy with the state of things have opined that FINRA is doing this deliberately because they have placed a quiet and unofficial Embargo on the registration of some of these startups. There are also those who think that the reason for the hold-up is connected to the securities and exchange commission(SEC) believing that they are exploiting the fact the proper classification of some digital assets, especially as securities, haven’t been very straight forward. There are also others who think the FCC is directly making FINRA postpone all approvals until further notice.

However, as unpalatable as the situation is, not everyone is pessimistic. There are some who believe that the hold-up is a bit inevitable because this class of assets are relatively new and this has been corroborated by Ray Pellecchia, the director of Media relations for FINRA. Whatever the reason is, the affected startups are quite unhappy about the development.

According to Pellecchia:

“Membership applications from firms proposing to engage in digital asset businesses present new, complex issues and we are in the process of working through them.”

The Nascent Cryptocurrency Climate

Digital assets have been around for more than a few years now. However, especially when compared to other global financial markets, it still is relatively new. Some of the affected startups are looking for a way to become officially recognized broker-dealers so they can let the average customer join the cryptocurrency sphere using digital assets that are officially classified as securities. This is however not a walk in the park because before they can start, they have to submit to authorities for approval.

FINRA is one of the regulators these new firms must go through as one of its functions is to grant approvals to broker-dealers and also authorise official representatives. However, since FINRA is an SRO, it is still under the authority of the SEC.

FINRA Is also at the helm of affairs because before any firm can be qualified custodians or players in the alternative trading systems (ATS), it is compulsory that they must first be approved as broker-dealers.

Some cryptocurrency exchange firms are also interested in becoming qualified custodians so that they can serve as middlemen, keeping crypto assets for institutions who are unable to do this for themselves. Some exchanges that are authored as qualified custodians include Coinbase, Gemini and BitGo. With these three firms however, things were done a little differently as BitGo was authorized by the South Dakota division of banking while the New York Department of Financial Services was responsible for licensing both Coinbase and Gemini. FINRA was completely bypassed.

Is There Really An Unofficial Ban?

At the moment, it would seem that many people are sure that the hold-up might stem from deliberate actions against the rise of tokenized securities. A concerned attorney representing one of the affected firms has said that there have been a lot of conversations between FINRA and the SEC but it still doesn’t look like anything will happen soon. The attorney also said the SEC’s concern with manipulation and fraud in the cryptosphere is a big problem.

“On the one hand, you have the SEC complaining that there’s all this market manipulation and bad actors, but they won’t let good actors come in and clean things up.”

The lawyer also said that they don’t think there’s anything they haven’t tried.

“We’re at a stage where we’ve provided absolutely everything we can [and] they’re not requesting anything else from us. They’re just saying they can’t approve because they’re uncomfortable with this asset class.”

This situation has forced this particular client to consider continuing their business outside of the U.S as the attorney was quoted saying “…if we have to exclude U.S. citizens and U.S. companies and share our skills abroad, then that’s what we’ll do.”

This isn’t the first time the difficulty of regulations in the U.S has been pointed out. Last year, a Law and Technology Official at Consensys – Joyce Lai – specifically said that there would be a lot more related projects if the laws and regulations were a tad more lucid.

She has also said that:

“Regulatory clarification, or a lack thereof, is a huge hindrance that can weigh heavy on the minds (and potential purse strings) of founders.”

Is The SEC A Bigger Problem Than FINRA?

As stated earlier, no one is exactly sure what the problem is but many believe that even though FINRA might be a tough nut to crack, the major problem is the SEC itself. For the most part, the FINRA can conduct its business independently but the SEC is still legally allowed to override FINRA.

Even people who aren’t directly affected by the hold-up believe that the SEC is the problem. According to one of such persons:

“A lot of times FINRA are the people in the system that are slowing things down but in this case, what I’ve heard is that FINRA is waiting for clarity from the SEC so they can move some of these things forward and they’re actually being quite cooperative on working with people.”

Other Plausible Opinions

There are many who believe that the idea that there is some embargo is unlikely because there are a few firms who have successfully been approved by FINRA. These people think that the current problem might be attributed to the specific features of the digital assets submitted to FINRA.

Some of the Alternative Trading Systems (ATS) which received approval include OpenFinance, SharesPost, tZERO, and Templum Markets. These firms were approved last year causing a few people to believe that there is no real embargo.

No Resolve Anytime Soon

Even with all the complaints, it’s still very unlikely that the problem will see a resolution any time soon. One of the arguments in support of FINRA is that its responsibility, before it gives any approval, requires that it does a thorough scrutiny of all the firms including the owners and management, its proposed client base, its experience in the sector, financing and how it intends to source for funds and also what funds it currently has.

Because these things involve cryptocurrency and an audience that is on the internet (which means there can’t really be any fixed description), it might not be surprising that the process is taking a lot of time.

Under normal circumstances, FINRA has a deadline for either approval or disapproval which is six months. However, FINRA is still legally allowed to lengthen this deadline if it needs to.

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Author: Tolu

Popular Crypto Charting Platform TradingView Sees Bug Surface Causing Significant Losses for Users

Popular Crypto Charting Platform TradingView Sees Bug Surface Causing Significant Losses for Users

There are many benefits to digital trading such as the swiftness of transactions and the ease of communication. At the same time, there are also the adverse effects of technological errors and malfunctions which can have catastrophic results.

This has been evident in the number of hacks that have occurred within the crypto industry which has led to the loss of hundreds of millions of dollars across several exchanges.

One of the most recent examples of technological error, however, was not due to malicious hack and the stealing of crypto but rather a bug that occurred in the retracement display for TradingView, a popular platform for traders and stock analysis. The bug in question manifests itself on the platform display and it has allegedly lost traders an incalculable sum of money thus far.

So far word has been going around the trading community about this bug and a Twitter user by the name cryptoteddybear has put out a video and a series of tweets explaining how exactly the bug works and warning others to realise as well as TradingView itself to take action.

The Bug

According to the video and tweets the issue on the platform begins when the default views presented by TradingView are measured.

The video demonstrates using the ethereum/USD chart which shows the retracement of the Fibonacci line which appears to be incorrect.

As damaging as the bug allegedly is, tradingbear says that he has been paying user of TradingView’s services and that the bug in question had first been reported to TradingView over five years ago by another user but the issue was never corrected.

“In log scale you would expect Fibonacci to calculate retracements in percents, but it does it for absolute values and adjusts as you move the tool,” the user said.

TradingView allegedly stated that they will be doing something about it but this was over a year ago and no corrections has been made.

This is particularly troubling considering that TradingView is used in both stocks and crypto trading circles and the site is also a social community and suite of tools to help people make trading rules. Users of the platform can gain a following by posting their ideas to the site and publicizing their skills.

Those most vulnerable in the trading community are those who make use of the Elliott analysis techniques. Those people should not be making use of TradingView due to terror but the platform has continued to grow none-the-less have never bothered to actually fix the issue.

According to trading teddybear, traders are losing money due to the bug and momentum seems to be building for a class action motion against TradingView and and also a bid to determine just how much money has been lost as a result of the bug.

Since TradingView admitted knowledge of the bug over a year ago, they could be liable for whatever losses have occurred through the use of their platform.

“However, until these recent videos, the problem has constantly been ignored by TradingView, screwing up an unimaginable number of traders in the process for amounts of money which are not even calculable. TradingView has been displaying an unbelievable amount of unprofessionalism in this story,” a source told CCN.

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Author: Tokoni Uti

Storecoin (STORE Token): Zero-Fee Payments and P2P Cloud Computing?

Storecoin

What Is Storecoin?

Storecoin is a digital platform that offers zero-fee payments and P2P cloud computing. Storecoin seeks to transform data into money (Datacoins). It’s coordinated by a governance of checks and balances, separation of powers, and shared security.

Storecoin aims to initiate a decentralized governance of checks and balances. The platform is currently in the midst of a Peer Review process and invites members of the blockchain community to review, discuss, and refine their proposed governance system.

Zero-Fee Settlement

The Storecoin project is laser-focused, first on securing its zero-fee settlement layer. The team is currently researching and building the scalable and decentralized zero-fee payments infrastructure. As security with scalability is proven, Storecoin will open up miner (dWorker) participation, accessible to anyone across the world.

From there, the secure settlement layer can evolve into a P2P cloud platform for the decentralization of data and the creation of new, zero-fee tokenized apps (tApps). Eventually, Storecoin gives birth to zero-free, P2P computing with datacoins. Through that evolution, Storecoin’s governance will move from informal to semi-formal with voting, to fully ratified and formal. Storecoin will be fully decentralized between 2021 and 2022 upon ratification.

BlockFin

BlockFin is the leaderless, async, BFT consensus algorithm from Storecoin. Many people believe that public blockchains cannot be both scalable and decentralized. However, contrary to this opinion, Storecoin has invented a leaderless, asynchronous, Byzantine Fault-Tolerant (BFT) consensus algorithm called BlockFin, to solve this problem.

Storecoin seeks to solve for both scalability and decentralization without sharding, off-chain transactions, level 2, and others.

The leader-free, BFT consensus algorithm BlockFin, confirms blocks in a pipelined process as follows:

  • Validator nodes receive transactions from clients and send batches of validated transactions to the Messagenode network.
  • Messagenodes gossip to sync transactions with each other. In the end, they assemble transactions into pre-existing blocks.
  • Validator nodes validate the assembled blocks with a multi-stage, pipelined process. They sign the blocks at the end of each stage.

BlockFin is a two-tier network of Validator nodes and Messagenodes, each with specific roles. They assemble and validate blocks using a cryptographically secure process.

How Storecoin Cloud Computing Will Work

To initiate the new era of P2P computing with tokenized data, Storecoin’s zero-fee settlement layer transforms into a zero fee, P2P cloud computing platform that allows valuable web and mobile applications to decentralize their data on top of the Storecoin public blockchain.

In exchange for decentralizing the app data, developers gain the right to mint their own cryptographic tokens (Datacoins), which represent the application data that has been decentralized. The program is called zero-fee, P2P cloud computing because developers, if approved through governance by dWorkers, will not have any direct capital cost to run infrastructure to host their apps.

Monetary Premium

If dWorkers collectively agree to accept datacoins a currency in exchange for zero-fee compute, the datacoins will have a monetary premium and developers would not have to pay AWS or other cloud providers for compute and storage.

Storecoin Goals

Most blockchains provide limited decentralization either in their design or in their governance. Decentralization is the core requirement for Storecoin, amongst other objectives:

  • High decentralization—where the BFT tolerance is required on the entire network instead of a small committee elected to create the next block. This requires participation from all the nodes in the network.
  • High throughput: highly decentralized networks tend to have poor throughput. Storecoin offers high throughput while at the same time maintains high decentralization.
  • A consensus algorithm that works in a real-world scenario where network connectivity and latency are unpredictable

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Author: Bitcoin Exchange Guide News Team

Opacity (OPQ Token): Blockchain Cloud Storage for Online Data?

Opacity

What Is Opacity?

Opacity is a digital platform that helps users to secure their online data. Users can be able to handle their privacy in an easier manner. The platform provides zero-knowledge at its finest and offers an authentic privacy-centric storage solution in which users are in full control of their files and who can view them.

Opacity Features

The following are the features of Opacity:

  • No personal information required: the platform never asks for any personal information—no e-mail, contact, nothing.
  • Share files your way: users can control who can view their files. By default, only the users know that such files exist.
  • Pay using cryptocurrency: with the OPQ token, users can pay for their storage needs without ever having to use a credit card.

The Files Remain Safe And Secure

Opacity uses best-in-class encryption algorithms to ensure that users’ files remain secure. The Opacity platform encrypts the files to provide comprehensive protection at all times. As long as users protect their Opacity Handle, their data remain safe.

Your Handle, Your Rules

On the Opacity platform, your unique opacity account handle is the single point of access to your storage account. Only you know this handle, unless you decide to share it. Only the person with the handle has the access to the files. Additionally, Opacity employs zero-knowledge principles, which means it doesn’t track anything that you download or upload. As a user, you may choose individual files to share with a unique File Handle that others may use to view the shared files on the Opacity platform.

What Is Zero-knowledge Cloud Storage?

Not many storage providers offer a true, zero-knowledge solution. Therefore, it’s important to learn exactly what zero-knowledge means and how it can be of benefit to users.

Data security remains the biggest threat even to those who use best cloud storage and backup. People want to know whether their files would be safe and what happens when authorities show up in their offices with a warrant. The best way to solve this problem is to apply zero-knowledge cloud service.

Zero-knowledge ensures that no one, except the owner, has the keys to personal data. Also known as private encryption, it is the ultimate way for users to keep their data private.

Benefits Of Zero-knowledge Cloud Storage

While many people don’t realize it, every time you sign up for a service, a copy of your password is kept somewhere, where it remains fairly safe. However, someone can still access your password and this presents a risk, especially if the platform becomes a victim of cyber attack.

Zero-knowledge service solves this problem by not storing a copy of your password in any form anywhere. Instead of password verification by the platform, users simply need to provide the proof that they know the password. In the end, no one knows the password except the user.

Zero-knowledge storage protects users from criminals that might gain unauthorized access to their data. It also shields them from government interference.

Opacity utilizes this bank-standard mechanism and other protocols to ensure that their clients’ data remains safe at all times.

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Author: Bitcoin Exchange Guide News Team

LongHash Data Shows How Tokens Resurged After Prolonged Crypto Winter

Another Crypto Winter Bear Market Not Coming Until Bitcoin's Peak in 2021

Tokens Resurge After Crypto Winter

According to OnChainFX (one of the top digital asset metrics and ranking platforms which is used to track real transaction volumes of any crypto asset), data gathered by LongHash shows that most tokens have dropped about 50% since reaching their all time highs (ATH).

ETHLend

The Ethereum based ETHLend was the most surprising of them all. ETHlend uses the digital token as a form of collateral during transactions.

LongHash described ETHLend as a decentralized peer-to-peer smart contracts lending platform.

The Ether (ETH) based token became quite popular as investors used Ether (ETH) for smart contracts transactions which led to massive gains before the bear market hit.

Similarly, tokens like Ravencoin and Holo have remained at half their all time high values since the bull run of 2017.

The Binance Coin (BNB) And Chainlink (LINK) Growth

However the resurgence of the Binance coin (BNB) and Chainlink (LINK) came as a surprise to the crypto community as they both witnessed all time highs way higher than their previous ATHs.

Short Lived Bull Rush

According the the chart by LongHash, tokens witnessed their all time highs between December 2017 and January 2018, then dropped significantly. Many crypto investors as well as traders missed out on this bull rush as it was short lived and the “crypto winter” phase emerged.

On the 13th of June 2019, LongHash, sharing the significant growth of LINK, in a Tweet, said :

“Chainlink (LINK) is having a pretty good day”.

The Binance coin (BNB) and Chainlink (LINK) have done pretty well in recent times, which of course is in the pleasure of the crypto community.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Osahon Okodugha

Alagoria Review: Shop Online Anonymously and Pay with Cryptocurrency

Alagoria Review: Shop Online Anonymously and Pay with Cryptocurrency

Alagoria is a digital P2P marketplace that allows people to purchase on HomeDepot.com or Walmart.com and receive a 10% discount when they pay in cryptocurrency.

Shoppers with unwanted gift cards can also earn cryptocurrency with Alagoria.

How Alagoria Works

  • A user finds a product he/she wants on HomeDepot.com or Walmart.com
  • Copy and paste the URL into the search bar on Alagoria
  • Alagoria sends the latest price and stock
  • A user adds to cart, checkout, and pays with a favorite digital currency
  • Alagoria places the order on retailer website within five minutes for submission—to guarantee a fast delivery
  • Alagoria notifies the user when the item is shipped and provides the tracking number
  • Most of the items are delivered within 3-4 business days
  • The shopper saves on average 10% b paying with crypto

Besides, Alagoria buys discounted gift cards from people who don’t want them and use them to fulfill orders.

Reasons to Trust Alagoria

To begin with, Alagoria extends a vote of thanks to clients who pay with crypto. Besides, the platform embraces honesty and security in all its dealings.

On the bottom of every page, users can see the platform’s reviews on TrustPilot. The reviews are from previous users who left the platform happy and satisfied. Alagoria also encourages new members to leave positive feedback about the platform. All the positive reviews and testimonials confirm that the platform is legit.

Importantly, when you place an order on Alagoria, the company provides tracking services such that you’ll be able to track your order in real-time.

In fact, they give clients tracking details from the retailer, which helps shoppers to see whether the item is at what stage of delivery. For any additional information, Alagoria has a dedicated customer support department that is ready to answer questions and assist clients.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Bitcoin Exchange Guide News Team

Crypto Investor App Review: Safe Crypto Trading Signals App?

Crypto Investor App Review: Safe Crypto Trading Signals App?

Developers of Crypto Investor believe that digital currencies are experiencing hyperactive growth, volatility, as well as asset bubbles. Many users are minting extraordinary profits mainly by trading cryptocurrency contracts. They claim to be offering a personal service and smart tools to start earning significant returns.

The platform claims that it has a unique trading algorithm that identifies profitable trades regardless of whether the markets rise or fall, which, it claims, effectively minimizes volatility factors and uncertainties.

The platform claims to offer the ultimate investment opportunity and urge investors to use its critical analytics and actionable insights to make smarter and timelier trading decisions.

Crypto Investor pegs its operations on the sayings of Mark Mobius, the Co-Founder of Mobius Capital Partners. As reported by Forbes, the legendary veteran said Bitcoin will be “alive and well” in the future.

Platform Features

  • Zero Commissions: CI claims to be the ultimate trading machine with lower spreads, zero commission, instant executions, and quick withdrawals.
  • Cryptocurrency knowledge base: users can gain insight into crypto prices backed by data and analytics from the past, present, and future. They can also benefit from the next-generation trading tool wizardries to become smart traders.
  • Patented, trusted technology: Crypto Investor uses the latest and most updated engineering process to streamline operations and maintain consistent and profitable trading signals.

Crypto Investor Red Flags

Amidst everything that CI claims to offer, the platform contains red flags that put it in the same category with scams.

To begin with, Crypto Investor requires members to make an initial deposit of between 250 and 500 U.S. dollars, Euros, or Pounds. This deposit lands in the custody of an unregulated broker chosen by the platform. In that situation, the funds are likely to get lost without question.

Additionally, CI claims to generate up to 87% return on investment with its trading app. This is impossible under normal trading situations.

Overall, the project is a scam and investors are warned to stay away from it. It’s always advisable to work with genuine platforms that are regulated and allows users to conduct demo trading before they can invest with real money.

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Author: Bitcoin Exchange Guide News Team

Crypto Nation Pro Review: Is CryptoNation Plus Legit?

Crypto Nation Pro Review: Is CryptoNation Plus Legit?

Crypto Nation Pro is a digital trading platform that claims its members can make up to $800 a day from massive cryptocurrency surge.

The platform claims there are already thousands of members using it and earning a fantastic income from its crypto profit signals that make it easier to make money with digital currency.

However, on a closer look, Crypto Nation Pro is simply a scam project, meant to extract money from unsuspecting investors.

What Does Crypto Nation Pro Do?

It claims to be a trading bot for digital currencies that produce signals. According to the creators, the bot can help members earn as much as $800 per day.

In another section of the website, they say the bot can help members to make $500 per day. These two conflicting statements make the website questionable and simply indicate that the person marketing the website does not know it very well.

Under normal trading circumstances, no one can win 99.8% of his or her trades, regardless of the assets traded, and cryptocurrencies are no exception. This implies that Crypto Nation Pro, in reality, is a scam project designed to make money.

Fake Media Endorsement

On their website, the creators of Crypto Nation Pro claim that their media partners include Time, Forbes, CNN, and Financial Times, which is false. Everything about the program is fake—it has never won any awards and no mainstream media has ever covered it.

Genuine trading platforms are backed by positive customer feedback and reviews on the internet. The so-called trading bot here has no customer feedback on its site or anywhere else. This shows that in the bot has never featured anywhere in the news.

Unrealistic Profit Potential

The figures shown on the platform are highly exaggerated and impossible to realize in a normal trading situation. No trading robot can earn $800 per day. This is a tactic to lure investors to register with the platform. In the end, they risk losing all their investments.

The crypto space has many such programs whose main aim is to swindle investors of their money. It’s always advisable to check the background of a company, read reviews, and ascertain whether it’s legit.

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Author: Bitcoin Exchange Guide News Team