Home Tags Posts tagged with "million"
Tag:

million

CoinNews

Crypto trader loses $70.5 million in address poisoning scam, highest recorded yet

by CoinNews
written by CoinNews

Blockchain security firm Cyvers Alert reported that an unnamed crypto trader lost 1,155 Wrapped Bitcoin (WBTC), equivalent to $70.5 million worth, to address poisoning.

The firm said:

“Are we mistaken, or has someone truly lost $68 million worth of WBTC? Our system has detected another address falling victim to address poisoning, losing 1,155 WBTC.”

Meir Dolev, the founder and CTO of Cyvers, added that this was “probably the highest value lost due to an address-poisoning scam.”

Address poisoning

Address poisoning is one tactic malicious entities employ to exploit crypto traders. This nefarious act typically ensnares victims by luring them into transferring digital assets to fraudulent addresses owned by scammers.

The modus operandi involves creating addresses strikingly similar to the target’s, employing identical starting and ending characters to deceive unsuspecting victims.

Subsequently, they execute a crypto transfer from the newly fabricated matching address to the target’s wallet, contaminating the transaction history. The victim, unaware, inadvertently copies the tainted address from the transaction log instead of referencing their records, thereby directing funds into the hacker’s wallet.

Notably, this kind of attack has become somewhat prevalent in the industry, with Changpeng Zhao, the former CEO of Binance, highlighting one such incident last year. At the time, Zhao said:

“The scammers are so good now they generate addresses with the same starting and ending letters, which is what most people check for when doing a crypto transfer. In fact, many wallets hide the middle part of the address with ‘…’ to make the UI look better.”

Mentioned in this article



Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

Buenos Aires charges Worldcoin with consumer law violations, warns of $1.2 million fine

by CoinNews
written by CoinNews

What is CryptoSlate Alpha?

A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more ›

Connect via Access Protocol

Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›

Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.

Source link

0 comment
0 FacebookTwitterPinterestEmail
Finance

This Is Hands-Down the Simplest Way to Earn $1 Million or More in the Stock Market

by CoinNews
written by CoinNews

With a few simple steps, you could be on your way to millionaire status.

Investing in the stock market is a tried-and-true way to generate long-term wealth, and while reaching $1 million may seem like a lofty goal, it’s not as difficult as it might appear.

You don’t have to be a stock market expert to earn $1 million or more, but you will need the right investing strategy. There’s no single correct way to invest, and the best approach for you will depend on your preferences and risk tolerance.

That said, there’s a simple and straightforward strategy to maximize your long-term earnings while minimizing risk. Whether you’re new to the stock market or just want a no-fuss way to build wealth, this step-by-step process can take you from $0 to $1 million or more.

Four stacks of dollar bills increasing in size.

Image source: Getty Images.

1. Get started investing right now

The more time you give your money to grow, the less you’ll need to invest each month to reach $1 million. Thanks to compound growth, your investments will accumulate exponentially faster over time. Getting started as soon as possible, then, is key to maximizing your earnings.

Even if you can’t afford to invest much right now, every year counts. For example, say you’re earning a modest 9% average annual return on your investments — which is just under the market’s historic average. Here’s approximately how much you’d need to invest each month to reach $1 million, depending on how many years you have to save:

Number of Years Amount Invested per Month Total Portfolio Value
20 $1,700 $1.044 million
25 $1,000 $1.016 million
30 $625 $1.022 million
35 $400 $1.035 million
40 $250 $1.014 million

Data source: Author’s calculations via investor.gov.

It’s never too early to start investing, and the sooner you begin, the easier it will be to build a substantial amount of wealth. You can always invest more later if you can swing it, but you won’t get this precious time back.

2. Don’t worry about timing the market

The stock market will always be volatile to a degree, and it can be nerve-wracking trying to determine the best time to buy. Many people are understandably worried about investing right before prices drop, and it can be tempting to hold off on buying until the perfect moment.

However, there’s never going to be a perfect time to invest in the stock market, and the longer you wait to invest, the harder it will be to catch up later. While it may seem counterintuitive, it’s often safer to simply invest consistently no matter what the market is doing.

This approach is called dollar-cost averaging, and it involves investing a set amount at regular intervals throughout the year. Sometimes you’ll end up buying when prices are at their peaks, and other times you’ll snag investments at steep discounts. Over time, those highs and lows should average out.

Dollar-cost averaging can help take the guesswork out of when to buy, making it easier to invest consistently. Again, time is your most valuable resource when building wealth, so consistency is key to reaching $1 million or more.

3. Choose long-term investments

All investments are subject to short-term volatility, but stocks from healthy companies with solid underlying fundamentals have the best chance of recovering from downturns and earning positive long-term returns.

These types of stocks won’t see explosive growth overnight, but they are more likely to earn consistent returns over time. This makes them much safer than short-term investments promising to make a quick buck.

If you’d prefer a more low-maintenance investment, a broad-market index fund or ETF may be your best bet. The S&P 500 index fund, for example, tracks the S&P 500 index and includes stocks from all 500 companies within the index itself. This can help create an instantly diversified portfolio with next to no effort, limiting your risk while still setting you up for positive long-term returns.

^SPX Chart

^SPX data by YCharts

If you’re willing to put in more effort for the chance to earn above-average returns, investing in individual stocks may be a better fit. This approach requires more research, as you’ll need to study each stock you’re interested in buying as well as keep up with industry trends going forward. But with the right portfolio, you could earn far higher-than-average returns over time.

Building a million-dollar portfolio isn’t necessarily easy, but it’s simpler than it might seem. By getting started early, investing consistently, and keeping a long-term outlook, you’ll be on your way to becoming a stock market millionaire.

Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

Bitcoin, Altcoins Price Decline As Crypto Liquidations Approaches $900 Million In The Past Day

by CoinNews
written by CoinNews

The crypto market took an unexpected hit on April 12 as a spontaneous decline in the price of Bitcoin and prominent altcoins resulted in massive liquidations. The origin of this widespread price dip remains largely unknown, among a plethora of plausible reasons, including a recent price correction in the US stock markets.

Almost $500 Million Liquidated In An Hour Amidst Crypto Flash Crash

According to data from CoinMarketCap, Bitcoin slipped by 4.49% in the last day, falling as low as $66,052. As expected, BTC’s decline reverberated through the market, with prominent altcoins Ethereum and Solana recording daily losses to the tune of 8.12% and 12.16%, respectively

As earlier stated, these losses translated into 277,843 traders losing their leverage positions as total crypto liquidations reached $877.21 million in the last 24 hours based on data from Coinglass. Of these figures, long positions accounted for $782.98 million, with short traders losing only $94.24 million.

Notably, $467 million in leverage positions were closed within an hour as a result of a general price decline. The highest amount of liquidations at $369.85 million was recorded on Binance, while the single largest liquidation order valued at $7.19 million occurred in the ETH-USD market on the OKX exchange.


Bitcoin
Source: Coinglass

Interestingly, Bitcoin’s price decline correlated with a dip in the US stock market as the S&P 500 index declined by 1.6% to trade as low as $5,108. This market crash was preceded by recent CPI data, which showed that the inflation rate rose to 3.5% year over year in March.

Such reports only indicate that the US Federal Reserve (Fed) could not be implementing any rate cuts soon as it aims to force inflation down to its annual target of 2%. This prediction is quite bearish for the crypto market generally as Fed rate cuts allow investors to comfortably seek risky assets such as BTC with a potential of high yields.

Bitcoin Experiences Network Growth As Halving Approaches 

On a more positive note, Bitcoin has recorded a rise in non-empty wallets on its network ahead of the Halving event on April 19. Blockchain analytics platform Santiment reported an increase of 370,000 BTC wallets holding active coins over the last six days. Interestingly, the analytic team is backing investors to maintain this accumulative trend all through the Bitcoin halving event.

At the time of writing, Bitcoin was trading at $66,882, with a 44.80% increase in its daily trading volume, which is currently valued at $43.80 billion. However, Bitcoin’s price has generally been unimpressive in recent times, with a decline of 1.33% and 6.20% in the last seven and 30 days, respectively. 


BitcoinBitcoin trading at $66,499.00 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from The Independent, chart from Tradingview

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source link

0 comment
0 FacebookTwitterPinterestEmail
Finance

Want $1 Million in Retirement? 3 Stocks to Buy Now and Hold for Decades.

by CoinNews
written by CoinNews

A million dollars is a big amount, but if you have decades to go before retirement, it is within reach for most investors. The key is finding an investment approach and sticking to it through good markets and bad ones.

Three stocks currently out of favor (two that pay dividends and one that doesn’t) to consider buying and holding and help you attain that $1 million investment goal are Toronto-Dominion Bank (NYSE: TD), landlord Realty Income (NYSE: O), and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Here’s a quick look at each.

1. Toronto-Dominion Bank: Real concerns but overblown risk

Toronto-Dominion Bank, or TD Bank as it is more commonly known, is one of the largest banks in Canada. That country’s banking regulations are very strict, which has resulted in a small number of big banks (like TD Bank) that are effectively protected from new competition. This heavy-handed regulation has also created a conservative ethos within TD Bank and its peers. So, all in, it is a fairly safe bank.

That said, the housing market in Canada has been in a worrying state. First, there was a long rise in home prices, and now the quick rise in interest rates has investors worried that loan defaults will start ticking higher.

TD Bank has an added worry. It was recently forced by U.S. regulators to cancel an acquisition because of concerns over the company’s money-laundering controls. Canada is the bank’s foundation, and its U.S. business was expected to be its growth engine. That engine has just stalled, but it is likely only temporary.

As a result of these concerns, investors have pushed the bank’s dividend yield up to 5%, which is toward its high end historically. Given that the bank has paid a dividend for over 100 years and has North America’s third-highest tier 1 capital ratio, a measure of its ability to weather adversity, the risk here seems modest.

The growth opportunity in the U.S. market, meanwhile, is still quite large even if it takes longer to tap into. Wall Street’s concerns seem like a buying opportunity.

2. Realty Income isn’t exciting, but that’s the point

Realty Income’s 5.8% dividend yield is near its highest levels over the past decade. The investment-grade real estate investment trust (REIT) has increased its payout annually for 29 consecutive years.

That said, this is a slow and steady REIT, not a fast-growing one. But that makes it a good foundational investment on which to layer faster-growing dividend payers like TD Bank and non-payers like Berkshire Hathaway.

What’s perhaps most compelling about Realty Income is its size, given that its $45 billion market cap is roughly three times larger than its next-closest peer among net lease REITs (net leases require tenants to pay most property-level operating costs).

Yes, rising interest rates have been a business headwind, but Realty Income has advantageous access to capital markets thanks to its scale and financial strength. That gives it the capacity to do deals that peers can’t. It is also large enough to be an industry consolidator, having bought two net-lease peers in recent years.

If you reinvest dividends with this slow-growing, high-yield stock, it can provide a solid foundation (if a boring one) for a more diversified portfolio.

3. Berkshire Hathaway is an odd beast

Speaking of giant companies, conglomerate Berkshire Hathaway has its fingers in a vast array of businesses. It owns many, including a large insurance business, a railroad, and energy operations, and it invests in individual stocks, like Coca-Cola and Occidental Petroleum.

But it is probably best known for its CEO, Warren Buffett, whose ethos pervades the company and all of its investments.

What’s interesting here is the success it has achieved over time, focusing on using the huge amount of cash its business generates to invest in other assets. Today Berkshire has a cash hoard of almost $34 billion and short-term investments of nearly $130 billion. All of that available cash is waiting to be deployed into new businesses when the time is right, since Buffett and Berkshire tend to favor investing in a contrarian fashion.

The story at Berkshire has been to buy low and hold on as long as possible. That has worked exceptionally well over the long term even if it has resulted in weak performance over shorter periods of time. Which is why Berkshire Hathaway is the kind of stock that you want to own for decades.

As for the right time to buy, it currently seems reasonably valued with a price-to-earnings ratio and price-to-sales ratio that are both near or below their five-year averages. A fair price is a good one for a company like Berkshire Hathaway.

A balanced mix of assets

Although any one of these stocks is worthwhile, TD Bank, Realty Income, and Berkshire Hathaway together create an interesting mix: a stock for income and growth, another for income alone, and a third for just growth that creates a diverse and balanced portfolio. The key, however, is to buy and hold for a very long time, letting the businesses you own continue growing. That’s what will build your seven-figure nest egg.

Should you invest $1,000 in Berkshire Hathaway right now?

Before you buy stock in Berkshire Hathaway, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Berkshire Hathaway wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of April 8, 2024

Reuben Gregg Brewer has positions in Realty Income and Toronto-Dominion Bank. The Motley Fool has positions in and recommends Berkshire Hathaway and Realty Income. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy.

Want $1 Million in Retirement? 3 Stocks to Buy Now and Hold for Decades. was originally published by The Motley Fool

Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

5 Million Long-Term Holders Signal Major Market Shift

by CoinNews
written by CoinNews

Recently, reports from IntoTheBlock revealed that the Litecoin (LTC) network has exceeded five million long-term holders. This achievement represents approximately 62.5% of all LTC addresses with a balance, underscoring Litecoin’s widespread adoption and long-term viability within the crypto community.

Rising Long-Term Holder Trend Signals Optimism 

The surge in long-term holders has been particularly noticeable in recent months, underscoring a growing inclination towards holding LTC for quite a long time. In February’s closing days alone, the number of long-term holders soared by 170,000, signaling robust investor confidence in Litecoin’s long-term prospects.

In tandem with this surge in long-term holders, the number of individuals holding LTC for more than a year has steadily risen, now totaling 2.54 million addresses. Apart from the numerical growth, the profitability of holding LTC over the long term adds another dimension of interest.

According to on-chain data, roughly 67.67% of all LTC addresses currently stand in profit, collectively holding 49.76 million LTC. In contrast, approximately 26.8% of LTC holders, totaling 2.15 million addresses, are currently at a loss.

Meanwhile, a smaller segment, constituting 5.53% of holders, is situated at breakeven, which means they are neither in a loss nor a profit.

Addresses currently holding in Litecoin (LTC).
Addresses are currently held in Litecoin (LTC). | Source: IntoTheBlock

Bullish Sentiment Surrounds Litecoin Amidst Rumors of ETF Approval

So far, Litecoin has seen relatively stable movement, experiencing a minor increase of 0.3% over the past week, followed by a slight downturn of 0.1% in the last 24 hours. As of the current writing, LTC is trading at $96.72.

Litecoin (LTC) price chart on TradingView
LTC price is moving sideways on the 4-hour chart. Source: LTC/USDT on TradingView.com

Despite the altcoin’s current stability in price, analysts such as World of Charts anticipate a potential surge in the coming months, with projections suggesting a climb to $400. This bullish momentum is fuelled by growing institutional interest, particularly surrounding rumors of a potential LTC Exchange-Traded Fund (ETF).

Fox Business journalist Eleanor Terrett has hinted at institutional intrigue towards a Litecoin ETF, citing LTC’s functional similarities to Bitcoin as a potential factor in its approval by the US Securities and Exchange Commission (SEC).

Additionally, Coinbase Derivatives’ recent launch of futures contracts for Litecoin further contributes to the buzz surrounding the cryptocurrency.

Renowned crypto analyst Luke Martin echoes this sentiment, suggesting that the approval of an Ethereum ETF could pave the way for other “old altcoins” like Litecoin to gain regulatory approval. Martin emphasizes that LTC and Dogecoin may have a stronger case for not being classified as securities, particularly in comparison to Ethereum.

Featured image from Unsplash, Chart from TradingView

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



Source link

0 comment
0 FacebookTwitterPinterestEmail
Finance

I Have $2.2 Million Invested With My Advisor Who Charges a 1% Fee. Am I Paying Too Much?

by CoinNews
written by CoinNews

When it comes to advisor fees, there are two numbers to keep in mind: 1% and 0.02%.

The first is the average fee that financial advisors tend to charge. If you are looking for comprehensive financial management, in general you should expect to pay about 1%. The second is a representative fee for a well-indexed S&P 500 fund. If you are only looking for investment management, someone to grow your portfolio, this is the number they need to compete with.

Here, let’s assume you have $2.2 million in assets. Your financial advisor manages all of that and charges a fee of 1%. That might be a good, albeit not great, price depending on what you are looking for.

If you’re interested in exploring how a financial advisor can help you, you can speak to a fiduciary advisor for free.

How Are Advisor Fees Structured?

As an industry, financial advisors have four main fee structures. Most advisors use a combination, charging different fee structures for different services.

Flat Fee

This is a fee-for-services model. The financial advisor will charge you a fixed fee to work on a specific project. For example, they might charge you a flat fee to do your taxes.

Hourly Rate

Here, the financial advisor bills for each hour worked. Most will measure their work in six minute increments, the standard for professional services in the United States. For example, they might charge you an hourly rate for general financial planning services.

Hourly rates can also be structured under a retainer model, where you pay a fixed amount up front and then receive services billed against that initial payment.

Commissions and Performance

Under a commission structure, the financial advisor receives payment each time they conduct a financial transaction on your behalf. Typically this is measured as a percentage of that transaction.

Under a performance structure, the financial advisor receives an additional payment if they meet a specific financial benchmark. For example, they might receive a performance payment for beating the S&P 500’s returns in a given year.

Commissions, in particularly, are an increasingly disfavored fee structure.

Assets Under Management (AUM)

This is very common, and it’s what people mean when they say that they are paying “X%” to their financial advisor. Here, the advisor charges a percentage of the assets that they hold and manage on your behalf.

Typically, this is charged on an annual basis. For example, say that your financial advisor charges 1% and manages $100,000 on your behalf. That year, they would charge you $1,000.

Ultimately, advisor fees are at the discretion of the advisor, their firm and you. You and your advisor should get an understanding of your goals and personal circumstances, and then you can negotiate the fee structure. If you’re thinking about using a financial advisor, you can speak to one for free.

What Should You Pay?

So how much should you pay for financial services? Specifically, is a 1% management fee too high for someone with more than $2 million on deposit?

Well… it depends.

The simple answer to this question is, more or less, no. Given the size of this account, you might be able to shop around for a discount. But in general, a 1% management fee is right in line with market averages. Typical financial advisors might charge between about 0.5% on the lower end and 2% on the higher end, but 1% is not unusual.

The more complicated issue is, are you getting your money’s worth?

As the SEC notes on this subject, management fees might sound small, but they can add up quickly over time. To put this in perspective, say that you put your $2.2 million money into average return of around 8%. Over 10 years, with a 1% AUM, you would pay about $250,000 total over time in management fees. 

It’s possible that this fee may end up paying for itself with active portfolio management if your advisor can outperform the market. By contrast, you could bought an S&P 500 index fund. Those tend to cost about 0.02% per year. The benefit is that it’s a cheaper. The disadvantage is that you may be missing out on professional insight and management that could benefit your portfolio and beyond.

If your financial advisor is simply making investments on your behalf and not actively managing your portfolio, then, there’s a good chance that your 1% fee isn’t really worth it. However, a good financial planner isn’t solely limited to investment management, depending on the scope of your agreement, and they can be providing value elsewhere.

Look to the other services your financial advisor offers. Do they help with long term planning? Are they giving your advice to build both general and targeted wealth? Do they offer tax services, estate planning and other advice? Basically, do they offer something besides making investments on your behalf?

This is the critical issue when it comes to whether your 1% fee is too high. Fee differences very rarely lead to better portfolio returns, since it’s quite rare for professionals to ever beat the market. So instead, look at what you want out of this relationship in total. If you feel like you have received sound advice across a broad range of financial planning, security and services, then this sounds like a strong professional relationship at a fair price.

If not, you might be better off with an index fund and a copy of TurboTax.

Talk to a financial advisor for free to understand how they may be able to help you reach your goals.

What Services Do Financial Advisors Provide?

A financial advisor is someone who helps you manage your money and other assets. Among other services, a financial advisor can help clients with:

  • Investment or portfolio management

  • Long-term financial planning

  • Tax advice and preparation

  • Budgeting and financial goals

The exact nature of your relationship with a financial advisor will depend on their services and your needs. For example, some may work literally only in an advisor capacity. In this case, the financial advisor will not help you with any actual transactions, but will only give advice about what you should do.

Other advisors may work on a more comprehensive basis. They may offer accounting services and tax preparation, say. Or they may offer portfolio and asset management, actively holding your money on account and making investment decisions on your behalf.

When you seek out a financial advisor, it’s important to look for someone who fits your needs. You don’t want to pay for unnecessary services; for example, most households have simple taxes and don’t need professional preparation. On the other hand, you don’t want a relationship that doesn’t achieve all of your goals either.

The Bottom Line

A 1% management fee is well within the average for most financial advisors, who tend to charge around 0.5% and 2% for their services. The bigger question, though, is whether you feel like you’re getting what you pay for because, even at small percentages, those management fees aren’t cheap.

Tips On Finding A Great Financial Advisor

Photo credit: ©iStock.com/trilocks

The post I Have $2.2 Million Invested With My Advisor Who Charges a 1% Fee. Am I Paying Too Much? appeared first on SmartReads by SmartAsset.

Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

Worldcoin App hits 10 million users in less than 12 months

by CoinNews
written by CoinNews

World App, the first native Worldcoin (WLD) wallet, has reached the milestone of 10 million users in less than 12 months from its launch. As the first wallet compatible with World ID, the World App significantly contributes to providing accessible, self-custodial wallet services worldwide.

The team launched the World App in May 2023, quickly gaining momentum with 4 million downloads by November. Now, the app serves users across more than 160 countries, with 2 million engaging daily and facilitating over 70 million transactions.

The growth has firmly positioned the app among the top self-custodial wallets globally, showcasing its capacity with an average of 7.1 transactions per second.

Tiago Sada, Head of Product at TFH, shared excitement about the milestone, focusing on its tangible impact. He said:

“Reaching this milestone demonstrates the potential of making the fundamental technologies of Ethereum accessible and user-friendly. The World App represents our dedication to simplicity and functionality in the crypto domain.”

The World App aims to simplify crypto interactions by focusing on the essential functions of Worldcoin and Ethereum. It enables users to authenticate their identity with World ID, execute global transactions without fees, engage in crypto token swaps, and access Worldcoin Grants in many areas.

The app accommodates a broad user base, supports most mobile devices, provides gasless transactions, and offers 24/7 support in over 10 languages.

Remco Bloemen, head of blockchain at the Worldcoin Foundation, praised World App’s success as an entry point for further adoption and innovation within the Worldcoin ecosystem. He added that he looks forward to the development of more wallets to suit varying user preferences, reflecting the Worldcoin community’s goal for greater decentralization and accessibility.

A notable instance of the app’s impact comes from Kenya, where a World App user purchased a goat using Worldcoin. The story garnered attention and support from the crypto community, leading to donations that allowed the user to acquire additional livestock.

Sada said:

“Such stories vividly illustrate the life-changing potential of cryptocurrency. Our vision is to enable similar empowering experiences on a global scale.”

With the World App now serving over 10 million users, TFH continues to illustrate the broad possibilities of crypto in enhancing global economic engagement.

The development comes amid a backdrop of regulatory concerns regarding Worldcoin’s biometric data collection practices in several countries, including Kenya.

Worldcoin recently made a lot of its code open-source in an effort to be more transparent about its data collection. The project has also undergone a security audit and received praised from industry magnates.

Mentioned in this article
Latest Alpha Market Report

Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

Rich Dad Poor Dad Author Robert Kiyosaki Believes Bitcoin Price Will Reach $2.3 Million

by CoinNews
written by CoinNews

Rich Dad Poor Dad Author Robert Kiyosaki Believes Bitcoin Price Will Reach $2.3 MillionRich Dad Poor Dad author Robert Kiyosaki says he believes that the price of bitcoin will reach $2.3 million, citing a prediction by Ark Invest CEO Cathie Wood. Meanwhile, he said stock, bond, and real estate markets are “set to crash,” and he expects the U.S. to go bankrupt. Robert Kiyosaki Foresees Bitcoin Hitting $2.3 […]

Source link

0 comment
0 FacebookTwitterPinterestEmail
CoinNews

Leaked Personal Info of Over 5 Million Salvadorans Apparently Linked to Chivo Wallet

by CoinNews
written by CoinNews

Chivo Wallet Linked Personal Info of Over 5 Million Salvadorans LeakedA database with the personal information of over 5 million Salvadorans was recently leaked in a data breach forum. The database, which has been around since August and has recently been linked to Chivo, El Salvador’s national cryptocurrency wallet, has 144GB of data, including the full name, unique identity number, date of birth, address, and […]

Source link

0 comment
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts