Category: Crypto (Page 1 of 3)

Buy BTC with Switchere.com in a Few Simple Steps

Buy BTC with Switchere.com
Switchere.com – Buy BTC in a few simple steps

Published by FrankNez Team.

BTC is a coin that has made a revolution in the financial world. It has many advantages over traditional currency.

For example, a possibility to stay anonymous when you make transactions.

You can use BTC as a payment method on many websites.

If you hold Bitcoin, you can earn on value fluctuations.

Even if you aren’t a trading guru, you can earn a good profit from cryptocurrency.

Would you like to own BTC but have no idea where to get it?

Today, it’s as easy as ABC.

You can enter a website Switchere.com and buy bitcoin with credit card no verification without specific skills and experience.

It’s a place where you can sell, buy, and exchange cryptocurrency through a user-friendly process.

Find out how to buy bitcoin with a credit card or debit card without any problems.

Getting BTC Is as Easy as ABC

Everyone who wants to buy BTC with debit card/credit card can do it in less than a minute.

You just need to enter the already-mentioned site and follow the steps on the listing below.

  • Pass through a fast registration process (You can buy Bitcoins with credit card no verification but if you get verified you can increase the exchange limit).
  • Provide all the necessary exchange details (Enter the cryptocurrency you need and fill in the amount. Then, choose a payment method).
  • Fill in your receiving crypto wallet address and make a deposit.

You will get the necessary crypto amount within seconds.

BTC will be transferred to your crypto wallet as soon as the exchange is done.

As you can see, the exchange process doesn’t require any specific skills.

It’s just one of the advantages you will enjoy if you use the easiest way to purchase crypto online.

Learn about other cool pros you’ll find on the Switchere platform that provides licensed financial services at a competitive price.

Related: List of 4 Best Crypto Exchanges for Beginners

Buy Crypto Online and Get Tons of Benefits

Why do more and more people choose Switchere to buy Bitcoins with debit card/credit card?

It isn’t surprising as this provider offers many great advantages.

First of all, it is the simplicity of the entire exchange process.

You can convert coins online by using a mobile app.

It will take you a couple of minutes to buy BTC with credit card and sell coins even if you do this for the first time.

Secondly, it is a low commission.

You can be sure that you’ll exchange crypto without hidden fees.

Evaluate the final result before you make a deposit and get as many coins as you can see on the screen of the calculator.

It’s possible to swap coins or buy crypto for fiat money (USD/Euro).

Thirdly, it is fast processing and delivery.

You shouldn’t wait for long to get as much crypto as you need.

The listing of pros is really long.

The best way to make sure that the exchange service can meet your expectations is to use it on your own.

According to many positive testimonials, you won’t regret your choice. The platform we are talking about is a reputable one.

The provider of the financial services guarantees that each crypto exchange takes place anonymously and is 100% safe.

They secure each bank card transaction with 3-D technology.

Do you still have doubts that it’s a good place for you to buy BTC?

If you still have questions, you can go to customer support and get answers round-the-clock.

Specialists will come back to you with the most effective solution instantly if you face an issue.

So, enjoy a risk-free exchange process that takes little time and effort and become an owner of BTC.

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Related: How to Invest in Bitcoin Cryptocurrency for Beginners

Which Transcription Services Are the Best for Your Crypto Business?

Transcription Services Crypto Business
Transcription Services for your crypto business

Published by FrankNez Team.

In the process of rapid development of information technology, new tools of economic management appear every day.

The economies of most countries are improving and developing, and people are always looking for something better and more convenient.

This led to the emergence on the market of an analog of traditional currencies – cryptocurrencies.

Cryptocurrency is based on blockchain technology, i.e. data encryption.

Such currency does not have a physical form but exists only in electronic form.

Its main characteristics are security, anonymity, and decentralization.

Crypto provides a convenient and fast way to conduct anonymous transactions with a high level of data protection, without the participation of banking institutions and paying a fee for payments.

Currently, there are about 2,000 cryptocurrencies in the world, but the most valuable are Bitcoin (the first cryptocurrency), Litecoin, Ethereum, Peercoin, NXT, etc.

Characteristics of Several Varieties of Crypto Business

transcription services for crypto business

Blockchain technologies are developing at an astonishing pace, creating a favorable environment for entrepreneurs who want to start their own cryptocurrency-related business.

There are many promising opportunities in this area today.

For example, you can earn on getting a guaranteed return on investments in the most reliable and popular currencies, such as Ether and Bitcoin.

And since their emission is strictly limited, the only way to satisfy the payment demand will be an exchange rate increase.

You can also organize your own mining and hand over the mined cryptocurrencies, receiving a reward for this.

Some consider it profitable to invest in the so-called future ICO projects, engage in trading, or earn on inter-exchange rates.

Another type of crypto business is staking.

This is an effective way to get passive income from digital currencies based on the PoS algorithm.

For earning money, you just need to keep coins in your electronic wallet.

Having a wallet with coins will allow you to take part in the mining of crypto assets.

Stakers generally make an income from supporting blockchains based on Proof of Stake.

Pay attention that if you have crypto, it can be transferred to third parties at a percentage.

This is called landing.

This is another type of crypto business popular today.

Related: How to Invest in Cryptocurrency for Beginners

Benefits of Getting Transcription Services for Crypto Business

No matter what kind of crypto business you are involved in, you certainly want to make it better and even more profitable.

This is possible through the use of quality transcription services.

By documenting business audio and video files through transcription, you can get the most out of their content.

This explains why many crypto business owners perform audio-to-text transcription to back up their logs, relevant industry news, and other statistics.

By visiting a reliable transcription website and getting audio to text conversion, your business will enjoy a number of favorable benefits, including the following:

  • Achievement of established legal or regulatory goals;
  • Assistance in backing up critical business data;
  • Transcription of advertising audio content for delivery to customers or publication on the Internet, etc.

List of Best Transcription Services for Crypto Business

If you want to get high-quality audio transcription online, pay attention to the list of the best transcription services for crypto business:

  1. Transcriberry. This transcription service rightfully takes first place in our ranking of the best transcription services for crypto businesses. Its uniqueness lies in the fact that it combines automated and manual transcription in order to provide customers with the highest quality services. Using the service is very simple. You just need to upload your audio or video file and start converting it. The powerful voice-to-text software generates online transcriptions within minutes, and professional human transcribers perform subsequent editing to ensure high transcription accuracy. Transcriberry creates editable Word, TXT, SRT, etc. files. You can download them immediately after the decryption is finished;
  2. Amberscript. This is also one of the advanced platforms that provide audio and video to text transcription services. It supports 35 languages and has one of the most advanced voices recognition AI. Therefore, high-quality decoding is always ensured. You can improve the quality of the decrypted text even more if you use the editor available on the website. You can add timestamps and use other available features there. It is possible to export text to one of the popular formats such as Word, TXT, JSON, SRT, VTT, etc.;
  3. Rev. If you don’t have the time or energy to type the text of your audio recordings yourself, you can use the Rev. This service will do everything for you. The process is very simple – you upload the audio to the site, pay for the services and receive the high-quality transcription by email. Pay attention that the service is very reliable and safe. Your recording will not be decrypted by a computer but by real people. If you are dissatisfied with the quality of the services provided, you can always request a refund. The price of the work is about 1 dollar per minute of decoding. The waiting time for completion of work is from 24 to 48 hours. In some cases, the price and terms are too high and many crypto business owners are looking for other services on the Internet;
  4. Sonix. This service makes transcription of audio and video files as quickly, efficiently, and safely as possible. Sonix is ​​regarded as one of the best automated transcription services. It uses the latest AI technology to create the most precise automated transcriptions on the market. Word error rate is a typical metric for assessing accuracy, but features such as Sonix Custom Dictionary allow users to make custom dictionaries and improve accuracy even further;
  5. Vocalmatic. This automated transcription service is great for journalists, podcasters, students, crypto business owners, etc. It works on the basis of speech recognition technology that analyzes the recording second by second, determines which word was spoken each second, and stores each word in the transcription. After the process is completed, the computer issues a set of words that have been recognized. The most significant advantage of Vocalmatic is that you can actually reduce the time it takes to transcribe an audio or video file into text manually. As for the pricing, you can choose from three packages available depending on the required decryption time: minute packages (30 minutes for $8 USD); hourly packages (3 hours for $36 USD); high volume packages (25 hours for $199 USD);
  6. Transcribe. This service provides instant transcription immediately after you upload an audio or video file to the site. There is nothing easier. However, the result will not be perfect at all, so editing and proofreading will still be required. With the Transcribe editor, you can time-stamp your finished text, listen to recordings at a slower speed, and correct passages that are incorrectly recognized by the service. Transcribe is free to try, but you’ll need to buy a subscription for $20 a year to use the service regularly. For additional features like machine transcription and automatic time codes, you will have to pay another $ 6 per hour. The service is in English, but supports many other languages;
  7. RealSpeaker. This is a very effective tool for users who want to decrypt audio tracks and video files. The converter runs in a browser and supports English. The principle of its work is simple. You select the source file, upload it to the service, and click the “Transcribe” button. After a while, a window with decrypted text will open in front of you. It will require proofreading and editing. Pay attention that the service is paid, so you will have to pay for text decryption of files longer than one and a half minutes. However, the site does not prohibit uploading several short passages at once, so you can get around this restriction if you have patience;
  8. Speechlogger. This online service can recognize language and instantly convert it to text. You can save the finished document in .txt, .doc, and .srt formats, upload it to Google Drive, send it by email, or print it out. No registration is required. The service also provides the ability to decrypt audio and video files recorded in .aac, .avi, .m4a, .mp3, .mp4, .mpeg, .ogg, .raw, .wav, .flac. But this feature is included in the Premium package and is paid for.
Related: List of 4 Best Crypto Exchanges for Beginners

Conclusion

So, summing up all of the above, we should indicate that many people think about building a business on cryptocurrency as digital money is becoming more common today.

There are many effective ways to do this, some of which have been described in this article.

But in order for any crypto business to be more efficient and bring you maximum profit, you should think about using transcription services.

On the Internet, you can find many services that offer high-quality transcription of audio and video into text.

You can choose reliable transcription websites yourself, or you can use the list above.

All services from our list are distinguished by their reliability, safety, and quality of services provided.

The first place in the list is taken by Transcriberry, as it is considered the best today.

Visit it and bring benefits to your crypto business already today!

You can follow Frank Nez on: Twitter | Facebook | LinkedIn


Will ApeCoin Continue to Skyrocket in Value?

Will ApeCoin continue to go up in value?
You can now buy ApeCoin with Coinbase – Will ApeCoin keep going up?

Should you get in on ApeCoin or stay the hell away from it!?

ApeCoin was made available to retail investors on Wednesday, March 16th.

The cryptocurrency comes from a partnership between The Bored Ape Yacht Club and a decentralized company, ApeCoin DAO.

The new cryptocurrency has gained the attention of the retail community primarily invested in NFTs and crypto.

But stocks, crypto, NFTs, that’s what the new generation is all about.

ApeCoin started at $1 per token and is currently trading over $14!

Will the cryptocurrency continue to go up in value?

Let’s talk about it.

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Let’s dive right into it!

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What is ApeCoin?

ApeCoin is a cryptocurrency deriving from the Ethereum blockchain launched by the Bored Ape Yacht Club (BAYC).

If you don’t know who BAYC is chances are you might have seen their popular NFTs online at some point.

They depict creative and stylish bored apes that sell tremendously high on the market!

Below is a gallery of their work.

Bored Ape Yacht Club NFTS

The company Yuga Labs is the creator of both the Bored Ape Yacht Club and now ApeCoin.

ApeCoin is owned and operated by the ApeCoin DAO, a decentralized organization where each token holder gets to vote on governance and use of the Ecosystem Fund.

What is the purpose of ApeCoin?

ApeCoin ($APE) is a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3.

The cryptocurrency is essentially creating a token for members of its community to further enrich its NFT culture.

Will Yuga Labs’ new cryptocurrency have the same ‘status’ as Bored Ape Yacht Club NFTs do?

It’s certainly possible, but I’d love to hear your thoughts on this in the comment section at the end of the article.

The project is looking to create value within the blockchain culture, which has many possibilities that are still to this date unknown.

Just like when the internet was new, this new culture of blockchain technology is going to change the world.

Crypto, NFTs, and everything that we currently know in the space is just the beginning.

Where can you buy ApeCoin?

Buy ApeCoin with Coinbase
Buy ApeCoin with Coinbase

You can buy ApeCoin through a crypto exchange such as:

  • Coinbase
  • Gemini
  • CoinMarketCap
  • Binance
  • Kraken
  • FTX

Something curious happened when the new cryptocurrency launched, it was available on every major crypto exchange.

The crypto is still fairly new and I anticipate as it continues to gain more attention, more retail investors will take a position.

How many ApeCoin tokens are in circulation?

ApeCoin circulation - ApeCoin supply
Will ApeCoin keep going up?

ApeCoin has a total max supply of 1 billion tokens and 277.5 million are currently in circulation, which equivalates to only 28% of the total supply.

ApeCoin’s total max supply is less than Cardano (ADA, 45b), Ripple (XRP, 100b), and Algorand (ALGO, 10b).

While the new cryptocurrencies circulating supply is relatively low compared to its max supply, investors must be aware that developers may increase the circulating supply at any moment.

Increasing the supply (like any other cryptocurrency) would lower the price of ApeCoin.

The cryptocurrency is still a highly speculative play and investors should always due extensive research to identify and estimate whether the cryptocurrency will continue to go up in value.

Open an account with Coinbase

Interesting facts about ApeCoin

Will Ape Coin go up

The creators of ApeCoin distributed the cryptocurrency for free to every Bored Ape Yacht Club holder.

For each Bored Ape you own, you’re entitled to 10,094 $APE.

That’s equivalent to $150,000 today.

So far, around 110 million APE tokens have been claimed by NFT holders.

Yuga Labs is getting 150 million APE, 10 million of which (“or equal value”) will go to the Jane Goodall Legacy Foundation.

140 million $APE will go to the companies and people that helped initiate the project.

The 80 million $APE going to its founders of Yuga Labs will be locked for the first 12 months so holders cannot cash out and tank the price.

So, is APE worth buying and holding for a year?

Let me know what you think in the comment section below.

How is ApeCoin being used?

Benji Bananas
Will Ape Coin go up

A mobile game called Benji Bananas, developed by Animoca Brands (whose co-founder, Yat Siu, is on the board of the Ape Foundation), is adopting ApeCoin as a kind of in-game currency. 

For 25 ApeCoins, you can buy a Benji Bananas Membership Pass, which lets you earn “special tokens” in-game.

Those tokens can then be swapped for actual ApeCoins.

So far, this is the only utility of APE as it’s relatively new.

ApeCoin is part of the Bored Ape Yacht Club’s ecosystem and I expect a lot more utility will be offered in the future as we enter the metaverse and blockchain technology becomes more familiar.

What we do know is that APE will be used to access merchandise, events, and services later on.

How much is $APE worth?

At the time of this article, ApeCoin is currently trading in the market for $23.85.

Its current market cap is $7.1B with a typical hold time of 25 days according to Coinbase.

An improvement from earlier this March as seen below.

APE Market Stats – Will Ape Coin go up?

If retail investors decide to go long on APE then we can expect the typical hold time to increase.

ApeCoin is up more than 2,300% since its inception and has gained a lot of popularity across multiple crypto exchanges.

The $12-$13 price range seemed to be a foundation for APE although the cryptocurrency has begun to set new ATHs.

Granted, it’s only been two months, but I’d love to know your thoughts on how high this crypto asset can go.

Open an account with Coinbase

Is ApeCoin a buy?

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It’s definitely worth keeping an eye out on it.

What are your thoughts on APE?

Are you buying the new cryptocurrency or are you giving it time and keeping an eye out on more crypto news?

Join my newsletter for updates.

Leave a comment below with your thoughts and ideas on what’s coming next with $APE.

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Ape Coin – should you buy in or not? Will Ape Coin go up?

What is the difference between Bitcoin and Ripple?

Bitcoin VS Ripple
Bitcoin vs Ripple – Difference between Bitcoin and Ripple (XRP)

Published by FrankNez team.

Before diving deep into the possible differences between Bitcoin and Ripple, we want to make sure that you get familiar with the concept of cryptocurrencies.

A cryptocurrency is a digital currency asset that works on a decentralized transaction model most of the time.

Today, the concept of crypto-based assets is skyrocketing, giving a solid hint that this is the future of global transactions.

Ripple: A brief note

Ripple

The whole concept behind the launch of Ripple and its current working model is quite different from the rest of such platforms and units.

The main goal of Ripple is to improve the current banking channels.

This is done by unifying and streamlining them under the Ripple umbrella.

To promote this concept, Ripple also launched its very own crypto coin, the XRP.

According to global statistics, XRP is easily included in one of the top crypto assets and coins.

This is because of the fast transaction model of the XRP and the already financial streamlining dynamics of the Ripple platform.

Bitcoin: A brief note

Bitcoin

You don’t need to be a crypto enthusiast to be aware of Bitcoin.

The hype for cryptocurrencies started back when Bitcoin hit some solid figures.

That’s when most experts started to believe that digital assets and currencies are the future.

Bitcoin is a completely decentralized currency.

In other words, there is no bank or a certain administrator that controls Bitcoin.

The user is the main authority within Bitcoin-based transactions.

You can send bitcoin to any user around the globe in an instant without any facilitating party in between.

You can buy Bitcoin in Dubai without any hassle.

It’s safe and secure through local exchanges as the currency adaption is being widespread.

Ripple vs. Bitcoin: The best option

Regarding usability and global access models, both Bitcoin and XRP are different.

Bitcoin is decentralized, with the main focus on the user transaction models. If we take a look at the transaction timeline of Bitcoin alone, it takes several minutes the processing.

On the other hand, XRP is a crypto coin of the Ripple platform.

Being a sole transaction facilitating platform, you can process a transaction through the Ripple channel in seconds.

This also includes large-scale transactions, which usually require days to process through regular banking channels.

What does the future hold?

The future of crypto-based models is very bright, and all the experts have a consensus on this.

Countries like UAE showing interest in the domain and opening their doors for trading is a clear symbol.

But the future is quite specific based on the models of Bitcoin and Ripple.

Bitcoin is a cryptocurrency.

It will always remain in the limelight for its huge market cap and fascinating story of being the crypto coin that started the era of crypto.

On the other hand, Ripple is more goal-oriented.

The platform is progressing to increase the TPS rates even for large-scale transactions.

Making the right investment

The investment you will be making depends upon you.

One is a cryptocurrency, and the other is a blockchain-based financial transactions model.

Whichever suits you to invest in will be the best one in your interest in the long term.

But before investing, there are two factors you need to keep in mind—first, the possible market cap of the digital assets.

And second, the plans that are outlined for the asset.

If you are clear in these two domains regarding a specific asset, you are good to go and invest in it.

Final Note

Bitcoin changed the world, and Ripple is changing the world.

We think that’s the best way of describing the always ongoing comparison of Bitcoin and Ripple.

Read: List of 4 best crypto exchanges for beginners

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What Are NFTs And How Will They Change The World?

What are NFTS - NFTS explained
What Are NFTs? NFTs explained

If you haven’t heard of NFTs yet, you will.

This technology is a little mind boggling in the sense that it’s so simple yet revolutionary.

NFTs are going to change the way we transmit data and connect with one another.

The NFT community is growing now quicker than ever.

franknez.com NFT

Welcome to Franknez.com – today I want to discuss what an NFT is and why this technology is growing so quickly.

Lets get started!

What Are NFTs?

NFTs, also known as non-fungible tokens, are a unit of data stored in blockchain technology.

This data is usually stored in a piece of artwork containing exclusive access and prizes for holders.

If you’re familiar with Gary Vaynerchuck, his startup VeeFriends is actually a collection of his personal NFTs.

Gary has built an NFT community where buyers gain exclusive access to VeeCon, a multi-day conference focused on business, marketing, creativity, entrepreneurship, and a lot more.

What Are NFTs Used For?

NFTs are tokens that may grant access to exclusive content, future products, prizes, or events.

Each NFT, depending on how the seller uses it, can unlock different levels of membership access. This is why NFTs are usually so expensive.

How Are NFTs Going To Change The World?

NFTs are cutting out the middle-man.

You can now sell NFTs directly without distributing tickets to your audience or community.

Business owners and entrepreneurs will be the ones to take advantage of this blockchain technology.

NFTs are also going to allow content creators to connect with the community and sell tokens for exclusive content and build a one of a kind art from that specific content creator.

These artworks are designed so that you cannot copy or duplicate them. They were originally created to protect or copyright artists’ work.

This means only one person could own the original, or a few people could own part of a scarce collection from that artist or content creator.

NFTs are changing our world by how we communicate with one another and transmit information.

For consumers, it can be a great way to keep something very personal and special from your favorite content creators.

How Do You Buy NFTs?

Because NFTs are Ethereum-based tokens, most marketplaces only accept ETH as a form of payment.

And if you have never purchased crypto before, check out this article on how to open your account through a crypto exchange.

Here you’ll be able to purchase Bitcoin, Ethereum, ADA, Doge, and other cryptocurrencies.

OpenSea is the world’s first and largest NFT marketplace.

How to buy NFTs
How To Buy NFTs

Anyone can create and buy NFTs here, even if you’re not a content creator or have any knowledge in blockchain tech.

Can NFTs Go Up In Value?

If you’re a collector, then you’re more than likely building a portfolio that may go up in value over the course of a few months to a few years.

NFTs certainly have the potential to go up in value depending on who the creator is.

You just never know how far this certain content creator will go or who they will impact society one day.

Buying an NFT from their younger selves today could prove to be a rare piece of art in the future.

Related: CEO announces second AMC NFT for all shareholders

Will NFTs Become Mainstream?

My personal take is they will.

The NFT community is growing every day and as more content creators find ways to provide more value to their communities, NFTs will continue to be a source of exclusivity and connection.

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Read: How to invest in Bitcoin cryptocurrency for beginners


Former Citi Executives Have Now Formed a Crypto Hedge Fund

Citi executives crypto hedge fund
Former Citibank executives form crypto hedge fund, Motus Capital Management

A trio of former Citigroup executives who left the bank in March have formed Motus Capital Management, a crypto hedge fund.

The firm says it wants to make it easier for high-net worth individuals to bet on cryptocurrencies.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said via Bloomberg.

Kriete says clients are having difficulty identifying what’s “scammy” vs “real investment opportunities.”

I know retail investors are going to have a lot of opinions on this.

Let’s break it down some more.

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Who are the crypto hedge fund trio?

Citi executives start crypto hedge fund
Former Citi executives start crypto hedge fund

Kriete and Girasole left Citigroup less than a year after being picked to oversee a new digital-assets group inside the Wall Street giant’s wealth-management division.

Before that, Kriete managed $3 billion and Girasole $5 billion for Citigroup private-bank clients.

Cavallo was most recently an investment counselor at Citigroup, where he oversaw $8 billion of assets and held roles inside the firm’s cross-asset sales and trading division according to Bloomberg.

All three are investing their wealth in Motus Capital Management.

This is one of the first crypto hedge funds to emerge in the crypto space.

And where there’s a hedge fund, we already know there are bets towards the downside.

Motus Capital Management to offer growth and income funds

Motus Capital Management
Motus Capital Management

The crypto hedge fund says it plans to offer clients growth and income funds.

The growth fund will focus on investing in tokens with smaller market capitalizations that larger funds find it harder to invest in, Cavallo said. 

“We think we hit the sweet spot,” he said. “With assets like Bitcoin and ETH, clients can do that on their own. They don’t need to pay someone to buy Bitcoin.”

Crypto hedge funds are relatively new and only have about $3.8 billion in assets under management globally according to a report by PwC.

Less than half of all crypto hedge funds have assets under management of more than $20 million, PwC found.

I expect this side of the industry to exponentially grow this decade.

Citadel’s Ken Griffin said he would provide crypto opportunities to his clients if the asset class became strictly regulated.

Crypto is taking over the new world as businesses such as AMC Entertainment and Tesla transition towards accepting cryptocurrency as a form of payment.

Do you think hedge funds should enter the crypto space?

Former Citi executives start crypto hedge fund

Who’s to say the SEC won’t begin to establish regulations to attribute to hedge funds over retail investors?

Similar to the stock market.

Investors are going to want to keep a close eye on the development of such regulations and ensure the crypto market’s integrity doesn’t get broken.

The crypto market, though a highly speculative market, has been accurately based on supply and demand unlike the stock market where many institutions have blatant power over retail investors.

Let me know in the comment section below if you’d like me to cover topics regarding crypto regulation.

And if you do, also be sure to join the newsletter to get email notifications and updates on new articles.

Read: How to invest in cryptocurrency for beginners

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Yahoo Pumps Fake AMC Token Created by Scammers

Yahoo Pumps Fake AMC Token Created by Scammers

Recently we’ve seen an AMC token surface in the ‘ape’ community known as TAMC, or $xAMC.

Do not fall for this scam.

This is in no way, shape, or form from the community or by the community.

Does it come as a surprise that Yahoo is pumping this fake AMC token?

Not at all.

Yahoo Finance has been attacking AMC, GameStop, and the community for over a year now since the short squeeze topic has created a movement in the retail community.

This is a different type of low.

Let’s break it down together.

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Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

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Receive weekly market news to stay up to date.

Yahoo promotes fake AMC token created by grifters

AMC Token

The AMC Token, aiming to be the next 1000xgem in the crypto space, is starting its adventure with a unique fair launch event held on April 30, 2022, on Pink Sale Finance official link attached below; the invitation is for all the interested Apes/Investors to this extraordinary event.” – Yahoo Finance

Yahoo is promoting a fake AMC token that has the potential to destroy investors’ finances.

The mere pump of such a scam by a mainstream platform such as Yahoo is quite disturbing.

We’ve seen corporate media deteriorate their reputation amongst the retail community in the past year and months.

Agendas such as this one is not uncommon as the media has been trying derail investors from buying AMC stock; hoping to extinguish any chance of a short squeeze.

Who started xAMC token?

Grifters is the account promoting the fake AMC token on Twitter.

The user recently joined the social media platform only one month ago, no surprise there.

The definition of a grifter on its own is already a con-artist, or a dishonest gambler.

Here we see a puppet on social media promoting this page’s scam within the ‘ape’ community.

Grifters scammer

This account joined Twitter in April of 2022, this month.

They ‘like’ and retweet comments from retail investors in the ‘ape’ community but only promote this fake AMC token.

xAMC token

Yahoo says the AMC Token fair launch aims to craft a wider distribution and an effective price discovery.

“The project will not set a dollar price for the tokens; demand and supply in the fair launch event will. No Pre-Sale, Initial Coin Offering, Seed Round, or Whitelist before fair launch is completed; everyone has the same opportunity to acquire The AMC Token (TAMC) from day one.”

Why is Yahoo pumping this token from grifters?

I’d love to hear your thoughts in the comment section.

Just please keep it clean for Google.

Grifters helps scammers with their technical and marketing needs while helping them rug pull at ease.

A rug pull is essentially when a token is pumped and then the creators dump all the tokens cashing in from the pump while everyone else loses all their money.

Similar to what we saw with dogecoin influencer Matt Wallace on his own token earlier this month.

Yahoo and scammers promote Ethereum network on fake token ‘by apes’

Both Yahoo and scammers are promoting the fact that this AMC token is using the Ethereum network.

The excerpt above is from Yahoo.

This image of the token pumping has been promoted on Twitter to get retail investors in the ‘ape’ community interested in this scam.

As you can tell from the image, the AMC token is displayed as xAMC/ETH since it is indeed based on the Ethereum network.

The screenshot is from the grifter community, also being promoted by Yahoo.

Here is Yahoo’s article touching topic on this scam.

What’s curious is that Yahoo has never spoken out against malpractices in the system but hits it on the nail as they promote this scam.

The image is embedded for record purposes.

Don’t get scammed by Yahoo and Grifters

Community, campaigns such as this one will happen in order to divert retail from maintaining focus on a short squeeze play.

What does this tell you?

The suits behind these campaigns are in a world full of pain.

Retail investors have caused hedge funds to lose billions of dollars on heavily shorted stock such as AMC and GameStop.

Should this tactic be illegal?

Absolutely.

But it isn’t.

The best thing you can do for you and your family is to do your research first before jumping in on a scam such as this AMC token being pumped by Yahoo and social media grfiters.

Share this article to raise awareness in the community.

You can follow me on: Twitter | Facebook | LinkedIn


Official: You Can Now Trade Shiba Inu Coin on Robinhood

Robinhood Lists Shiba Inu Coin
Shiba Inu Coin is now on Robinhood

Robinhood has officially listed Shiba Inu Coin on its crypto trading platform.

The SHIB army has been waiting for Robinhood to list Shiba Inu Coin for months now.

Shiba Inu Coin was one of four new cryptocurrencies Robinhood listed on its platform Tuesday.

SHIB, Solana, Polygon, and COMP joined the meme stock halter’s platform on Tuesday.

What does this mean for Shiba Inu Coin moving forward?

Let’s break it down together.

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SHIB rises on Robinhood listing

Robinhood Shiba Inu Coin
Shiba Inu Coin News Today Robinhood

SHIB rose nearly 7% when it became available on Robinhood’s crypto trading platform.

Shiba Inu Coin is the second ‘meme’ coin to be listed on Robinhood, Dogecoin being the first.

COMP jumped 6.6%, MATIC 3.5%, and SOL 2%.

SHIB became popular when the cryptocurrency skyrocketed back in late October of 2021.

The cryptocurrency is up more than +20,000% for those who bought SHIB exactly one year from today.

Shiba Inu Coin ate a zero on its second biggest climb last year and never looked back.

The SHIB army anticipates Shiba Inu Coin will eat another zero or two this year.

Now that you can trade Shiba Inu Coin on Robinhood, cryptocurrency investors speculate more traders will buy SHIB on the platform.

What caused SHIB to run last year and will it run again?

Big buying pressure and a lot of momentum.

Unlike the stock market, the crypto market runs actually caters more to a supply and demand market.

Now that SHIB has become mainstream in a sense, more traders are going to begin to discover it.

While SHIB doesn’t have any real-world value, the developers are working on multiple projects for the community.

One being Shiba Inu Games and several NFT projects.

Will SHIB run again this year?

There’s no doubt Shiba Inu Coin will continue to eat zeros as retail piles in before the ‘meme’ token reaches $0.01.

SHIB is currently trading at $0.000027 and is up 9.98% on the weekly chart.

Can SHIB reach $1 per token?

Shiba Inu Coin News Today Robinhood – Can SHIB reach $1?

In order for SHIB to reach $1 per token its market cap would need to be in the trillions.

Having this come to fruition would be quite difficult.

However, because this cryptocurrency is still relatively new, investors have a chance at becoming profitable in the long-term as the market cap increases and new traders buy in.

Many of my readers were able to profit from the run back in October when I sent out a newsletter advising the token was looking very bullish.

If you’re on my Patreon, you saw I purchased the cryptocurrency a few days before it skyrocketed.

SHIB has been consolidating extremely well in the 20s which mean it’s found a new foundation.

If you missed the first and second run, this could prove to be a great entry point.

We’ve also seen that SHIB’s typical holding time has drastically increased to 112 days meaning investors are holding this cryptocurrency.

And it’s not difficult to see why.

The room for growth is massive.

Are you holding more than 1 million SHIB?

Robinhood Shiba Inu Coin - Shiba inu coin robinhood
Shiba Inu Coin Robinhood – Robinhood Lists Shiba Inu Coin – Shiba Inu Coin News Today Robinhood

If you’re holding more than 1 million SHIB leave a comment below.

What is your personal Shiba Inu Coin price target and where would $0.01 put you at?

If you’re not a fan of Robinhood but would like to purchase SHIB, I recommend buying the token on Coinbase.

How long have you been holding SHIB?

Let’s start a discussion below.

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Is a Declaration of Cryptocurrency Required in Canada?

Cryptocurrency Tax in Canada
Crypto tax Canada – CRA – Cryptocurrency Tax in Canada

Published by FrankNez Team.

Cryptocurrency transactions are taxed by the Canada Revenue Agency (CRA). So, the declaration of cryptocurrency transactions is required by the law.

Cryptocurrency is a relatively new concept that needs tax rules to ensure Canadians correctly understand how to comply with their tax duties. In 2014, the Senate examined cryptocurrency taxation and proposed steps to assist Canadians in understanding how to file their taxes correctly.

In this article, we will know if you need to declare your cryptocurrency and its income to the CRA.

But first, let us talk about what the Canada Revenue Agency or CRA is!

What Is the Canada Revenue Agency (CRA)?

CRA Canada Revenue Agency

The Canada Revenue Agency (CRA) is a federal agency charged with collecting taxes and enforcing tax regulations on behalf of the Canadian government and several of Canada’s provinces and territories.

Additionally, the CRA administers many social and economic benefit and incentive programs via the tax system and international trade regulations.

The Canada Revenue Agency (CRA) is Canada’s counterpart of the Internal Revenue Service (IRS) of the United States.

The CRA was initially known as the Canada Customs and Revenue Agency (CCRA) until 2003, when the agency’s customs and revenue operations were divided into two distinct entities.

This body is the authoritative source of information on current Canadian tax laws and their interpretation and application. It’s responsible for collecting taxes from Canadians and supervising the social services financed by tax funds.

The CRA is responsible for administering several taxes, including personal income tax, trust income tax, company income tax, excise tax, and partnership income taxes.

Crypto Mining

Crypto mining is earning digital money by resolving complex computer problems. However, to solve this sort of problem, a lot of processing power is needed, which might lead to high electricity bills.

Mining for personal or non-commercial reasons can be considered a non-taxable pastime by the CRA. However, commercial or business-related mining should be recorded as income.

Also, you will need an e-wallet to store and trade your cryptocurrencies. Several cryptocurrency platforms like Coinsmart, Binance, and Bitbuy are available in Canada.

Some of them are regulated like these Canadian platforms. These platforms will also help keep track of your crypto expenses for taxation purposes.

CRA Taxes on Cryptocurrency Transaction

CRA Taxes

Bitcoin prices increased significantly in 2021, prompting many Canadians to invest in Bitcoin and other cryptocurrencies. And experts predict it can increase more by the end of 2022.

While cryptocurrencies such as Bitcoin are not considered legal tender in Canada, they do not relieve users from Canadian tax duties.

In Canada, cryptocurrency is seen as a commodity. This implies that any profits or losses derived from the purchase and sale of Bitcoin or other cryptocurrencies are taxed.

Moreover, you are taxed when you use cryptocurrency in the real world. So, for example, when you sell it or use it to make a purchase, it will be considered a taxable transaction. 

Therefore, if you acquired cryptocurrency and did not use it, you will not be required to pay taxes. But you should still keep track of your transactions if you use cryptocurrency as it then becomes taxable.

Declaration of Cryptocurrency to CRA

Declaration of cryptocurrency to CRA

Cryptocurrencies are taxed similarly to traditional income. As a result, you must declare your cryptocurrency with the CRA.

Profits and losses from the purchase and sale of cryptocurrencies must be recorded on a tax return as part of income. Because governments do not issue cryptocurrencies, they are classified as commodities by the Canada Revenue Agency (CRA).

Utilizing cryptocurrencies to pay for products or services is considered a barter transaction. Therefore, it is subject to the Income Tax Act’s barter restrictions.

Bitcoin and other cryptocurrencies are included in a transaction’s taxable income. Therefore, the transaction must be reported for federal tax reasons.

Taxes on Buying and Selling Cryptocurrency 

Cryptocurrencies, like any other investment, are subject to taxation. 50% of the profits are added to your taxable income for the year.

For instance, if you purchased cryptocurrencies worth $1,000 and sold them for $1,500, you have earned $500. Thus, 50 percent of that sum ($250) would be added to and taxed as part of your yearly income.

If you use bitcoin to acquire another cryptocurrency, such as Ethereum or Dogecoin, the transaction will be similar to selling Bitcoin. You will have to report the amount of the transaction on your income tax return.

Tax on Gifting Cryptocurrency

tax on gifting cryptocurrency

Property disposal occurs when an object or commodity is given or sold at a lower price than its purchase price. For example, a contribution or gift of cryptocurrency falls under this category.

The cryptocurrency will be evaluated according to its current market value at contribution. Therefore, disclosing any gain or loss on the asset’s sale is necessary.

So let us say the gift is given to an authorized recipient, such as a registered charity. If this is the case, the recipient will provide you with a tax receipt.

The cryptocurrency’s fair market value at the time of the transfer will determine the value of the gift for tax purposes.

CRA and Tax Avoidance

CRA Tax Avoidance

It is illegal to fail to register and report any cryptocurrency-related transaction. As a result, the Canadian Revenue Agency (CRA) aggressively pursues non-compliance with reporting cryptocurrency trading profits to guarantee a fair tax system.

Creating an account on a cryptocurrency platform necessitates providing personal information. The Canada Revenue Agency (CRA) detects tax avoidance schemes because they have access to it and verify data with other sources.

Consequences of Not Reporting Crypto Earnings

Assume you fail to submit crypto earnings to the CRA. In that case, the agency will treat this as if you did not record any other income. This will violate the law, which the CRA would treat as tax avoidance. When the CRA discovers this, you will be liable for a fine.

In Canada, the penalty for tax evasion can be up to twice the tax intended to be avoided and imprisonment. However, it is essential to remember that the CRA is more concerned with collecting owed money than putting someone in prison.

Your unpaid tax will be combined with interest and penalties on top of any evasion penalty you will be forced to pay.

Conclusion

The most important thing to remember is that Canadians are subject to tax on their cryptocurrency income. This is a relatively new form of taxes, and it may change. 

Consult a tax professional who specializes in cryptocurrency taxation. The simplest method to guarantee your taxes are done correctly is to hire a professional. Before investing in cryptocurrencies, knowing how your transactions will be taxed is a good idea.

Exchange Crypto With Coinbase!

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Understanding Crypto: A Simple Guide

Understanding crypto
Crypto for beginners – Understanding crypto – A simple crypto guide

Published by FrankNez Team

There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.

You can check out the article about best cryptocurrency exchanges.

Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.

Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.

Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.

Read: List of 4 Best Crypto Exchanges for Beginners

What Are Cryptocurrencies?

what are cryptocurrencies?
Understanding crypto – what are cryptocurrencies? Crypto guide

Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.

Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust. 

Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.

Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.  

Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.

How Does Cryptocurrency Work?

Crypto for beginners – Understanding crypto – Crypto guide

As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.

Mining

Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.

Buying, Selling, And Storing Cryptocurrencies

Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.

Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.  

Investing Or Transacting

Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.

Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.

Coinbase
Open an account with Coinbase – Crypto for beginners

Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.

Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.

However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.  

Conclusion: Should I Invest in Cryptocurrency?

Crypto for beginners – A simple crypto guide – understanding crypto

Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.

However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.

Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment. 

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Read: How to invest in cryptocurrency step-by-step for beginners


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