Tag: Crypto (Page 1 of 6)

Was The AMC FTX Token a Scam to Launder Money?

Sam Bankman-Fried | Crypto News: AMC FTX Token a scam?
Sam Bankman-Fried | Crypto News: AMC FTX Token a scam?

There are no signs of AMC Entertainment signing an agreement to the AMC FTX Token listed on the FTX crypto exchange.

When viewing the terms of service and terms of the tokenized stock product (AMC), users are prompted to error pages.

The AMC FTX token is also showing as an ‘invalid symbol’ on the platform with no live chart as we’ve seen in the past.

The tokenized stock was trading at $4 (USD) but has lost all its value since the company collapsed and filed for bankruptcy.

Retail investors are digging deep and are concluding that the crypto exchange could have potentially been using these tokens to launder money.

The FTX scandal only goes deeper into the rabbit hole.

Let’s discuss what happened.

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FTX Scandal: What Went Wrong?

What happened to FTX? FTX Scandal
What happened to FTX? FTX scandal | Crypto News.

Cryptocurrency exchange FTX filed for Chapter 11 bankruptcy on November 11, 2022, after the company’s valuation dropped from $32 billion to bankruptcy in only a matter of days.

The collapse of the cryptocurrency exchange dragged founder and CEO Sam Bankman-Fried’s $16 billion net worth to near-zero.

FTX was responsible for dropping the crypto industry below $1 trillion.

On November 16, a class-action lawsuit was filed in a Florida federal court, alleging that Sam Bankman-Fried created a fraudulent cryptocurrency scheme designed to take advantage of unsophisticated investors from across the country.

Which celebrities were affected by FTX?

Steph Curry FTX
Steph Curry FTX promotion | Celebrities affected by FTX crypto scandal.

Celebrities named in the lawsuit include Steph Curry, Shaquille O’Neal, Shohei Ohtani, Naomi Osaka, Larry David, and Kevin O’Leary who allegedly helped Bankman-Fried promote the exchange.

FTX became one of the largest crypto exchanges in just three years with a valuation of $32 billion.

Bankman-Fried used aggressive marketing, including a Super Bowl ad campaign, and the purchase of naming rights to the home of the Miami Heat basketball team.

He became known for his political lobbying and donations as well as for working to support the cryptocurrency industry more broadly.

As values plunged in early 2022, he facilitated deals totaling about $1 billion to bail out cryptocurrency companies struggling as a result of the declines in token prices.

Conflict of Interest Created Mass Selloff in FTX

How did Binance play a role in FTX collapse? Binance FTX news.
How did Binance play a role in FTX collapse? Binance FTX news.

FTX’s collapse took place over a 10-day period in Nov. 2022.

The catalyst for the crisis was a Nov. 2 scoop by CoinDesk that revealed that Alameda Research, the quant trading firm also run by Bankman-Fried, held a position worth $5 billion in FTT, the native token of FTX.

The report revealed that Alameda’s investment foundation was also in FTT, the token that its sister company had invented, not a fiat currency or other cryptocurrency.

That prompted concern across the cryptocurrency industry regarding SBF’s companies’ undisclosed leverage and possession of assets.

Here’s when things really started going downhill for FTX.

Binance, the world’s biggest crypto exchange, announced on Nov. 6 that it would sell its entire position in FTT tokens, roughly 23 million FTT tokens worth about $529 million.

Binance CEO Changpeng “CZ” Zhao said the decision to liquidate the exchange’s FTT position was based on risk management, following the collapse of the Terra (LUNA) crypto token earlier in 2022.

By the next day, FTX was experiencing a liquidity crisis.

Bankman-Fried attempted to reassure FTX investors that its assets were stable, but customers demanded withdrawals worth $6 billion in the days immediately following the CoinDesk report.

Bankman-Fried searched for additional money from venture capitalists before turning to Binance.

The value of FTT fell by 80% in two days.

Sources: Investopedia.

FTX: A Pyramid Scheme Created from Mass Marketing?

FTX Pyramid Scheme
Was FTX a pyramid scheme? Crypto news and more.

Within hours of filing for bankruptcy, FTX was hacked.

The exchange noted that ‘unauthorized transactions’ close to half a billion dollars in total were stollen from several wallets during a period of days.

Since the incident, regulators of the Bahamas have frozen FTX’s assets, and the company has strongly advised against customer deposits.

What’s occurred with FTX is an ongoing investigation and lawsuit against now ex-CEO Sam Bankman-Fried.

So, was FTX just a scam to laundering money through the use of unauthorized stock tokens and covered by the hack that occurred?

Or was this just a poorly managed incident that occurred without motive?

I’d love to hear your thoughts on this.

Leave a comment down below.

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Citadel to Launch Crypto Exchange After FTX Collapse

Crypto News: Citadel and Partners to launch EDXM Crypto Exchange.
Crypto News: Citadel and Partners to launch EDXM Crypto Exchange.

Citadel is partnering up with Charles Schwab, Fidelity, Sequoia, Paradigm, and Virtu to launch EDXM, a cryptocurrency exchange.

The fall of FTX was primarily due to centralized players so what’s to say EDXM won’t be subject to such errors?

EDXM’s custody and wallet technology is being provided by crypto custody and infrastructure company Paxos, the companies announced in October.

Paxos, which is a custodian regulated by New York state, holds customer accounts in fully segregated accounts and has signed up large consumer-facing clients to enable crypto trading.

Its customers include PayPal, broker dealers such as Interactive Brokers, and others such as Nubank and Mastercard.

Crypto is still a taboo area for most of Wall Street, but with companies such as Citadel and its partners, it could attract big institutional money.

Here’s the latest crypto news.

Related: How to Invest in Cryptocurrency for Beginners

What is EDXM?

Citadel to launch crypto exchange EDXM
Citadel to launch crypto exchange EDXM.

EDXM is a new crypto exchange being developed by Wall Street giants such as Citadel, Virtu, and Fidelity for digital assets such as cryptocurrencies.

EDXM plans to offer delivery settlement versus payment settlement, a settlement method that’s used in traditional securities trading.

Other promises include extremely low transaction fees due to tight spreads enabled by greater liquidity.

The crypto exchange is also supposed to be different from some other crypto providers that are the market maker, exchange, and custodian all in one, which can be a conflict of interest and is typically not done in traditional markets.

Sort of like how Citadel is a market maker, hedge fund, and dark pool.

The head of strategy at Paxos says EDXM will provide transparency for the crypto market.

Some investors might argue that Citadel and its partners should provide more transparency in the stock market first before making such claims for the cryptocurrency market.

While some on Wall Street might think EDXM could lift the crypto industry, others look at the partnership as a means for Wall Street to take advantage of investors elsewhere.

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Ethereum Hits 2-Month High Compared to BTC. Where Is This Going Next?

Ethereum VS Bitcoin | Ethereum News | Crypto News
Ethereum VS Bitcoin | Ethereum News | Crypto News

Published by FrankNez Team.

The agreement has expanded the downturn risks for Ethereum against Bitcoin and pushed its cost zones of strength toward levels.

Ether, the native sign of Ethereum, has successfully avoided a negative customized arrangement to reach a 2-month high compared to BTC.

The Merge, as its investors and designers are labelling its version, would alter how exchanges on Ethereum are requested, leading to improved performance and being suitable for mainstream use.

However, until that happens, analysts are eager to see how financial investors and organizations developing their technology on Ethereum’s base adapt to the modifications.

Related: How to Invest in Crypto for Beginners

Ether Checks the Critical Pivotal Turning Zone

Good foundations sparked by the Merge send-off may cause Ethereum and Bitcoin to aim for a spin toward the 0.072–0.076 range.

Hence, it should act as the next area of possible profit for Ether enthusiasts.

And now that you can buy Ethereum with PayPal there might be a bigger opportunity.

But there is a trick.

The ETH/BTC exchange rate has been displaying signs of decreasing potential gain energy close to what appears to be significant areas of strength for a conversion.

Additionally, an energy oscillator marker for ETH/BTC has passed into an allegedly “overvalued” range, raising concerns about the increased risks of an auction.

To check whether you’re investing at the right time, utilize linking crypto platforms like the Bitcoin Motion to seek assistance from crypto experts.

Through this platform, upon registration, investors will be connected to trustworthy brokers who will serve as advisors for newbies.

They monitor the market trend 24/7 so they can give the best and most accurate advice to their clients.

If you want to explore different crypto coins and tokens besides Ethereum, Bitcoin Motion also offers brief information about varieties of crypto.

Ethereum VS Bitcoin | Ethereum News | Crypto News
Ethereum VS Bitcoin | Ethereum News | Crypto News
Related: List of 4 Best Crypto Exchanges for Beginners

Ethereum Hitting ATH

After the organization’s programmers announced a provisional date for its major system upgrade, Ethereum’s value continued to rise.

Ether was trading at $1,400, up about 40 per cent over the previous weeks.

In 2022, ETH has fallen short of expectations set by BTC, which experts attribute to rising expectations for the organization’s shift from PoW to PoS and a more significant market pullback from risky resources.

After the Fed Reserve forcibly increased loan rates, crypto groups announced restrictions and banned transactions, and the industry continued to experience administrative issues.

After several setbacks, another arrangement of successful testing provides assurance that the timeframes are still possible.

As August 2022 approaches, it may very well be worthwhile to keep up with these updates since, according to some, another bout of instability could occur if the upcoming testing plan fails to meet the presumptions.

Ethereum VS Bitcoin | Ethereum News | Crypto News
Ethereum VS Bitcoin | Ethereum News | Crypto News

According to experts, the cryptocurrency market is also reflecting the increased uncertainty that arises with conflict, continued financial expansion, and the shifting US fiscal system.

The crypto market’s reaction to the financial exchange, wider acceptance, and recent price declines are a few more factors that experts point out as contributing to the current trend in crypto prices.

Authorities have also started to address interest in tighter crypto regulations including, surprisingly, the potential of making an official digital currency.

Recently, the price of bitcoin has gone through a relatively terrible period.

Following a gain of $4,100 in December 2021, Ethereum has fluctuated between $2,100 and $4,000 over the following days.

Despite the slow commencement to 2022, many analysts are still positive and predict that Ethereum’s value may actually reach and beyond $12,000 in 2022.

Despite the latest downturn, Ethereum actually had a decent outlook for the year 2021.

When Ethereum hit $4,850 in November 2021, it set a new record. It continued that pace into December before dropping down before the month was done.

Indeed, despite the sudden slump, the price of Ethereum was still significantly higher in January 2021 than it had been earlier in the year.

After experiencing significant areas of strength on its own, bitcoin has also slowed down over the past month, similar to Ethereum.

In November 2021, Bitcoin reached another ATH when it topped $68,000.

The future of digital currency ensures that there will be more uncertainty in the value of Bitcoin and Ethereum, and the advice of specialists for financial investors will continue as before.

Closing Thoughts

Ethereum VS Bitcoin | Ethereum News | Crypto News
Ethereum VS Bitcoin | Ethereum News | Crypto News

Like any long-term investment, analysts advise overlooking both the good and less promising moments.

The most extreme case of high cost does not imply that Ethereum’s unpredictable nature has vanished.

The main question is whether they would claim to continue seeing cumulative, remarkable development if they were in possession of these currencies.

Experts advise against holding more than 5 per cent of your portfolio in crypto because there is no guarantee that their value will increase.

Never make a contribution at the risk of not meeting other financial goals, such as paying off high-interest debt or setting up money for retirement.

The only thing you can do is ignore the media coverage of new records of ATH and ATL.

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Crypto is Collapsing: Should You Take Your Money Out?

Market News | Crypto News: Should You Take Your Money out of Crypto?
Market News | Crypto News: Should You Take Your Money out of Crypto?

Crypto is collapsing and it’s been a very tough year for cryptocurrency holders as exchanges face the possibility of bankruptcy.

BlockFi is preparing for potential bankruptcy after halting withdrawals of customer deposits and acknowledging it has significant exposure to the now bankrupt exchange FTX, per the WSJ.

BlockFi paused withdrawals and limited activity on its platform last week, saying it couldn’t operate business as usual given the uncertainty surrounding FTX.

The exchange is now planning to lay off workers as the troubled firm prepares for a possible chapter 11 bankruptcy, said people familiar with the matter.

The Coinbase Pro cryptocurrency platform is also shutting down for good, per NerdWallet.

And a Hong Kong-based AAX crypto exchange is suspending all of its operations, per Watcher. Guru.

Crypto has had its ups and downs, but what’s occurring today seems like it’s going to have a longer effect on investors.

Should investors take their money out of crypto now?

Let’s discuss it.

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Bitcoin Magazine Warns Investors

Should you sell your crypto? Should you sell bitcoin?
Should you sell your crypto? Should you sell Bitcoin?

Just $3.7 billion Bitcoin were taken off exchanges last week per Bloomberg.

Bitcoin had fallen below $16K and is now trading just below $17K.

Now venture capitalists who invested in FTX are considering suing Sam Bankman-Fried for alleged fraud.

Confidence in the crypto space has fallen amidst the collapse of these exchanges.

The worst part is the number of investors who have been caught up in this mess.

According to the Washington Examiner, celebrities such as Tom Brady have lost most if not all of their investment in FTX.

Other athletes include Stephen Curry who had also signed previous agreements with FTX to promote the company.

Now Bitcoin Magazine and Unusual Whales are saying to get your money out of Bitcoin and crypto exchanges, signaling that matters could get worse before they get better.

Related: How to Invest in Cryptocurrency for Beginners

Will Crypto Go Back Up?

why is crypto collapsing? Will Crypto go back up?
Why is Crypto collapsing? Will Crypto go back up?

The current crypto crash we’re seeing today has been the result of centralized financial errors, according to CoinDesk.

“The meltdown of Sam Bankman-Fried’s crypto trading empire could not, and would not, have happened to a decentralized and transparent protocol”, says the Amanda Cassatt.

JP Morgan has also identified centralized players as the root cause of recent crypto collapses.

Will cryptocurrencies go back up?

With time and with investor confidence, the crypto market will eventually recuperate.

Should investors take their money out today?

This is going to depend on the individual’s need for liquidity.

With an economy that is currently fighting inflation, and unemployment rates rising, having capital at hand might just prove to be useful as today’s uncertainty only becomes more uncertain.

But I’d love to hear your thoughts on this.

Let’s start a discussion, leave your thoughts below.

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Related: List of 4 Best Crypto Exchanges for Beginners


Cryptocurrency with the Lowest Transaction Fee to Purchase in 2022

Cryptocurrency with the lowest transaction fee

One of the most significant barriers to using digital currencies is the exorbitant transaction costs.

A single transaction on the Ethereum blockchain can cost $10 or more – a hefty fee for transactions that may only be worth a few dollars.

The good news is that many cryptocurrencies have little or no transaction fees. In this article, we’ll disclose the cryptocurrency with the lowest transaction fees in 2022, as well as the top ten coins for fee reduction.

Let’s take a closer look at the 10 tokens highlighted by CoinWire below to help investors find the best coin with the lowest transaction fees.

IMPT – One of the Lowest Transaction Fee Crypto

IMPT has simplified the purchase procedure and maintained the expenses as low as possible.

However, one significant advantage of purchasing IMPT tokens is the price – $0.018 during the first round of the presale, then $0.023 during the second stage.

Since the beginning of October 2022, the project has raised more over $4 million and may sell out before its deadline of November 25th, 2022.

Participating in this project allows investors to have a good impact on the environment while earning benefits.

Investors receive IMPT tokens by shopping at retail giants with which IMPT has partnered.

These retail brands make donations to environmental initiatives.

green nft marketplace

Also Read: How to Invest in Crypto for Beginners

Tamadoge (TAMA) – New-launched Favorited Crypto without Transaction Fees

Tamadoge is a new cryptocurrency investment.

The fact that there will be no taxes or fees is a big part of what makes this cryptocurrency so appealing.

This means that investors and token users can buy and sell TAMA at any time without incurring any fees.

Importantly, TAMA supply is deflationary.

When TAMA is used to make a purchase, 5% of the tokens involved in the transaction are burned.

This means that as more players join the game and demand rises, the supply of TAMA should decrease faster.

TAMA is therefore very appealing to investors, who do not have to pay any fees to increase or decrease their position in the coin as its price fluctuates.

TAMA is our top pick for the best cryptocurrency with the lowest transaction fee in 2022.

tamadoge

Battle Infinity (IBAT) – Top Metaverse Gaming with Tiny Transaction Fee

Battle Infinity is a new cryptocurrency ecosystem that aims to create a’multiverse of the metaverse.’

Players can find a variety of native play-to-earn crypto games as well as mini-games created by third-party developers in the metaverse on the Battle Infinity platform.

The potential range of experiences is vast, making Battle Infinity one of the largest metaverses in the crypto world.

Battle Infinity is currently holding a crypto crowdsale to distribute IBAT to early investors at a discounted rate of 1 BNB to 166,666 IBAT. 

fantasy sports blockchain

Lucky Block (LBLOCK) – Play-to-Earn Crypto Game with a Low Fee Token

LBLOCK is the Lucky Block platform’s native ERC20 currency, a play-to-earn crypto game with daily giveaways.

To participate in these giveaways, gamers must purchase NFT tickets with LBLOCK. The prizes change on a daily basis, keeping the game interesting over time.

The LBLOCK token currently comes in two flavors.

The original version, based on the Binance Smart Chain, has a 12% transaction fee.

This is certainly not a low-cost token; rather, it was designed to encourage long-term retention.

Furthermore, the original LBLOCK token awards holders from each day’s giveaway prize pool.

MIOTA (IOTA) – Cryptocurrency with no transaction fees for the Internet of Things

MIOTA is a completely fee-free cryptocurrency designed to facilitate Internet of Things transactions (IoT).

The MIOTA network can be accessed by anyone and on any device, making it an ideal platform for data sharing in an increasingly connected world.

MIOTA’s secret sauce is its Tangle network of nodes, which the nonprofit behind the project claims is faster and more efficient than most existing blockchains.

On the MIOTA network, all tokens are pre-mined, eliminating the need for costly mining operations.

Two existing transactions are verified for every new transaction on the network.

It’s a clever way to provide security while requiring little computational work.

As a result, IOTA transactions are and will likely always be completely free.

Dash (DASH) – Top Peer-to-Peer Digital Payments at the Lowest Cost

Dash is probably the altcoin with the cheapest peer-to-peer transaction fee.

It’s a Dash is arguably the cryptocurrency with the lowest peer-to-peer transaction fee.

It is derived from Litecoin, which is derived from Bitcoin.

Payments became faster and cheaper with each fork.

Another advantage of Dash is that it is available on practically all major cryptocurrency exchanges.

This makes it straightforward to acquire this coin or exchange it for dollars.

Dash exchange fees can be as low as 0.1%.

Dash is also really fast, which is important.

The network can process hundreds of times as many transactions per second as the Bitcoin network.

This decreases congestion frequency and keeps transaction rates as low as feasible.

Cardano (ADA) – DeFi Blockchain Capability with Minimal Transaction Fees

Cardano is a proof-of-stake blockchain that is designed to compete with Ethereum.

Cardano’s blockchain is significantly faster and less expensive than Ethereum’s.

Cardano’s developers recently added support for smart contracts, allowing it to become a hub for DeFi apps.

The Cardano blockchain’s native cryptocurrency is ADA. It is used on the Cardano blockchain for staking and to pay transaction fees.

Cardano users can expect to pay around 0.15 ADA for most transactions – the equivalent of $0.08 at today’s prices.

While the charge may climb slightly as Cardano’s popularity develops, ADA will remain one of the lowest fee cryptocurrencies in 2022.

Investors should expect a substantial increase in the value of ADA as more developers flock to this network.

Tron (TRX) – Platform for Running dApps at a Low Cost

Tron is a low-cost blockchain built for the execution of dApps and the processing of smart contracts.

In numerous ways, it’s a direct contender to Ethereum, but it offers sale freights as low as a bit of a cent.

Tron is an evidence- of- stake blockchain, so investors in the platform’s native cryptocurrency, TRX, can make plutocrat through DeFi staking.

The site also provides DeFi operations, play-to-earn crypto games, and other services.

TRON

EOS (EOS) – A Transaction-Free Ethereum Alternative

EOS is a blockchain network designed specifically for developers.

The network functions essentially as a decentralized virtual machine, providing processing power, dApp development tools, and other services.

EOS allows developers to scale up or down their projects at their leisure. 

The EOS token is intended to inflate rather than deflate.

Users can generate new EOS tokens to validate transactions, and the platform also supports staking to help keep the cryptocurrency’s value stable over time.

Ethereum Classic (ETC) – The Original Ethereum with Cheaper Gas Fees

The Ethereum Classic blockchain is the original Ethereum blockchain.

After the Ethereum blockchain branched in reaction to a breach in 2016, it was renamed.

The majority of users switched to the new Ethereum (ETH), whereas Ethereum Classic retained a tiny but devoted development base.

Ethereum Classic employs the same proof-of-work technique as Ethereum.

However, because Ethereum Classic isn’t as popular, gas fees on this blockchain are significantly lower.

On Ethereum Classic, users may anticipate spending roughly $0.0002 for the average transaction.

Conclusion

Finding the cryptocurrency with the lowest transaction fee in 2022 can save crypto investors’ money and make it easier to take advantage of innovative new ventures.

IMPT is our pick for the best low-fee crypto in 2022. Not only are the transaction costs and token price minimal, but IMPT allows investors to lower their own carbon footprint while still receiving benefits.

Investors receive IMPT tokens for shopping with environmentally friendly retail companies.

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Is Now the Time to Buy or Sell in The Market?

is now the time to buy or sell in the market
Franknez.com | Stock market news + more.

The markets seem to be nowhere near a bounce as both stocks and crypto freefall; is now the time to buy or sell in the market?

If you’re part of the small percentage that’s in profit, maybe liquidating has come through your mind.

Especially if you’re looking to protect your capital and wait for other opportunities.

But what if your portfolio has suffered significant losses?

Is it best to cut your losses and conserve whatever cash you have left?

This article is going to provide you with perspective on ways to not only protect your cash during this nasty bear market, but also how to identify opportunities to multiply your wealth.

Let’s dive right into it.

Should You Buy or Sell?

should you buy or sell in the market.
Should you buy or sell in the market.

Whether you should buy or sell in today’s market conditions will depend on how liquid you are and on your future and current investment plans.

Value investors looking to add stocks to their long-term portfolios could benefit from buying the markets lows, though it’s important to keep in mind that the markets are still susceptible to fall.

Dividend stock investors could also benefit from buying these lows.

Diversified investors who are looking for the next opportunity may want to liquidate positions to have cash ready when the time is right for the next move.

Whether that be waiting for real estate opportunities or other markets to tumble, this will highly depend on an individual’s needs.

With so much uncertainty in the markets at the moment, the best thing investors can do is create a plan to guide their investment goals in the right direction.

Identify what you’re aiming to achieve when investing in the market.

Is it long-term capital gains?

Income?

And decide what it is you need to do now in order to meet your investment needs.

Bitcoin Falls Under $16K, Crypto Down

Crypto News. Bitcoin news.
Crypto News: Bitcoin News.

Bitcoin (BTC) fell under $16K on Wednesday.

Peter Schiff warned investors in a Twitter space call to sell Bitcoin today as the cryptocurrency could be headed towards lower levels.

The economists said he does not own any Bitcoin but urges holders to buy back in after a market collapse occurs in the crypto space.

On the other hand, FTX is causing a ruckus as the token falls more than 90% in the past 7 days with nearly 60% happening in the last 24 hours.

FTX investors include:

  • BlackRock
  • Ontario Pension Fund
  • Sequoia Paradigm
  • Tiger Global
  • SoftBank
  • Circle
  • Ribbit
  • Alan Howard
  • Multicoin
  • VanEck
  • Temasek

In recent crypto news, Binance backed out from saving FTX leaving the crypto on the brink of collapse.

FTX CEO Sam Bankman-Fried said that without more capital, bankruptcy is likely.

Related: How to Buy Cryptocurrency for Beginners

Stock Market Rains Blood

Is now the time to buy in the bear market?
Is now the time to buy in the bear market?

Stocks continue to bleed as the Fed struggles to maintain economic structure and institutional investors liquidate the market.

The NASDAQ and SPY have seen improvement in the past month, but economists, CEOs, and media influencers say the market has plenty of room to drop.

Stocks fell sharply on Wednesday, a day before CPI announcements.

Poor consumer reports could cause stocks to fall sharply again.

Traders should trade with caution.

With inflation affecting millions of families and corporations such as Netflix, Facebook (META), Twitter, and Tesla laying off tens of thousands of employees, a recession looms.

Whether you decide to buy or sell in today’s markets will ultimately depend on how liquid you are and whether you’re prepared to face a highly likely recession in the coming months to year.

Creating a plan and identifying what you can and cannot do financially as turmoil hits the economy is your best bet of riding this wave.

Do you plan to buy or sell in the market today?

Leave your thoughts down below.

Related: How to Buy Stocks for Beginners

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Retail Investors Have Big Opportunity in the Market Right Now

Stocks and Crypto to buy in a bear market.
Stocks and Crypto to Buy in a Bear Market | Opportunity in the market right now.

That’s right, even in today’s bear market, retail investors have big opportunity right now.

If you’re a new investor or entered the market during the bull run, chances are your portfolio is down significantly.

But don’t let your first bear market shake you off because there are numerous opportunities out there that have the potential to yield big returns.

If you’ve been reading my blog for a while now, you’ve more than likely capitalized on opportunities such as AMC, HYMC, Shiba Inu Coin, Terra Classic, and Bitcoin during properly and fortunately timed moments.

So, what’s new?

In this article, I’m going to go over the opportunities I see that lie ahead for retail investors.

None of the information on my blog is financial advice but rather speculative content based on current information and trends in the market.

And with that being said, let’s get started.

Not Invested in The Markets Yet?

If you or someone you know are not invested in the markets yet, the two articles below are going to walk you through, step-by-step on how to buy stocks for the very first time and how to buy cryptocurrency for the very first time, too.

Much information on how to invest in the markets is outdated so I wanted to create easy guides for beginners.

You can read them here to get started:

Remember, one of the greatest wealth you can share with someone else is that of knowledge.

Opportunities in the Stock Market Today

opportunities in the stock market today
Opportunities in the stock market today.

During a bear market share prices tend to tumble, hence why many long-term investor’s portfolios tend to lose value.

And although we can’t entirely time the bottom, we know that at some point the stock market is at a massive fire sale.

Value investors such as you and I can pick up shares from our favorite companies at these low prices before the market reverses trend.

Economists, analysts, and entrepreneurs alike predict there is still room for another 10%-15% drop in the markets.

But for the record, these are just predictions after all.

The point here is for value investors to capitalize on this falling trend by purchasing low and holding during the next bull market.

Whether you choose to capitalize on opportunities presented in a bull market or not will ultimately be up to you.

However, capitalizing during a bull market will require value investors to buy during a bear market, not during the bull market.

After being involved in the retail community for almost three years now, there are stocks and crypto that just stand out as having big potential during the next bull run and I’m going to discuss them below.

Stocks Worth Buying During a Bear Market

None of the information provided below is financial advice, but rather speculative in nature based on market trends and current information at the time of publication.

AMC Entertainment Stock (AMC)

You’ve probably heard all the ruckus on AMC and ‘meme stocks’.

It’s true, the stock jumped from $5 per share to an all-time high of $72 per share.

AMC Entertainment stock is currently trading below $6 again due to this bear market.

What makes this stock such an interesting value investment is that it has a huge community made up of millions of people who plan to take its current price up again.

Plus, the company has beat earnings every quarter since 2021.

Investing in the largest movie theater chain in the world could prove to pay out big during the next bull market.

SPY Stock (SPY)

I’ve talked about SPY stock numerous times on my blog.

It’s even made the list of best divided stocks to buy for passive income.

SPY is the S&P 500 index fund that tracks the top 500 performing companies in the U.S and has been a favorite amongst value investors for a long time.

Warren Buffett himself says he’s moving 90% of his wealth to this specific stock when he departs us.

Just this thought should speak for itself.

SPY has a great track record for its increased value over time.

Vanguard Real Estate REIT (VNQ)

I believe every value investor should have at least one great performing REIT, or Real Estate Investment Trust.

VNQ is Vanguard’s commercial real estate investment trust with a great track record since the recession of 2008.

The REIT is also on the list of the best dividend stocks to buy for passive income.

While the real estate market is set to retrace some of its gains, keeping an eye on this stock may provide retail investors with big opportunity during the next bull market.

GameStop Stock (GME)

What GameStop is doing with their NFT marketplace is genius and not a lot of people know about it.

Wonder why, *ahem, mainstream media*.

The video game company is making it available for people around the world to own actual digital items inside games through the use of blockchain technology.

The opportunity this technology will bring to entrepreneurs and flippers alike in the future is massive.

Investing in GameStop early on could have massive potential as our economy shifts towards the digital/metaverse economy.

Amazon Stock (AMZN)

Amazon is now affordable for just about any value investor to buy shares from.

The company stock traded above $3K per share before its 20-for-1 stock split made it available for everyone to purchase.

AMZN is currently trading below $100 per share and it’s a steal whether you’re anticipating another 10%-15% market drop or not.

Tesla Stock (TSLA)

Despite what you might think of eccentric billionaire Elon Musk, you cannot deny what the entrepreneur has created is fascinating in its own respect.

Tesla stock has shown outstanding growth in the past even after stock splits.

We’ve seen this company’s stock reach massive popularity during the previous bull market.

In fact, it was right under AMC Entertainment stock as the most searched for stock on Google in 2021.

Meta Platforms Stock (META)

Most boomer investors, like mainstream media, don’t truly understand the potential of Meta.

While Zucks might currently get made fun of by Wall Street ego, there’s a huge opportunity investing in early technology, especially a technology that one day may change the world as we know it.

Today’s innovators will carry the baton, whether old power likes it or not.

Crypto to Buy During a Bear Market

crypto to buy in a bear market.
Crypto to buy in a bear market.

Here’s a list of cryptocurrencies I’m keeping an eye on in today’s bear market.

Think a stock or cryptocurrency should be on this article?

Leave a comment down below!

Share This Article for A High-Five

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If you’ve made it this far, it means you’re taking the steps to simply try to figure things out for yourself financially.

Well done on your part for seeking the information on how to become a better investor than you were yesterday.

Share this article with someone you care about or publish it on social media for others to see!

You never know whose life you may change by simply sharing the knowledge you’re taking in.

With that being said, thank you for being here today.

Until the next one.

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Best Crypto API Trading Platforms

Published by FrankNez Team.

Introduction

It can be annoying to know where to begin when it comes to automating your crypto trading and research activities.

Some crypto APIs include numerous functions, allowing you to get more bang for your buck.

However, combining various APIs for the best performance in each activity is a smart idea if you want to work better and faster.

The problem is that there are plenty of APIs available on the internet, each with its own set of advantages and disadvantages.

How do you choose?

That’s why we’ve put together this list.

Here you’ll find a complete collection of cryptocurrency APIs, each designed to make your crypto tasks easier while saving you time and money.

CEX.IO

CEX.IO API

CEX.IO is a regulated cryptocurrency exchange launched in 2013 and now has over 4 million users worldwide.

Websocket and REST are two alternatives for their crypto trading API and exchange API.

You can use their WebSocket API to:

  • Check your account balance.
  • To order books, sign up for our newsletter.
  • Orders may be seen, new orders can be placed, orders can be canceled, and order history can be viewed.

You can use their REST API to:

  • Access pricing charts and receive real-time price feeds.
  • View your account balance and trading history.
  • View and cancel your open orders by pair.

Their WebSocket API is better for placing orders and collecting market data, while their REST API is better for interacting with your trading orders.

Because of their rich documentation, getting started with the CEX.IO API is simple.

Blockchain.com

blockchain.com

Blockchain.com is an excellent resource for obtaining the information required to automate your bitcoin operations.

They have a number of APIs that allow you to accept bitcoin payments, gather exchange rate data, and more.

Blockchain provides both public and private APIs, allowing you to:

  • Buy/sell/send
  • Wallet Management for Bitcoin
  • Get the most up-to-date and historical exchange rates.

If you require it, Blockchain also provides a wallet service API that allows you to interact with your wallet programmatically.

They’ve been in business since 2013, and their wallet service is used by over 68 million individuals daily.

CCXT

crypto API

CCXT is an open-source trading library that gives you instant access to algorithmic trading methods and back testing data for more than 120 cryptocurrency exchanges.

Coders, developers, technically adept traders, data scientists, and financial analysts are the target audience.

CCXT provides both public and private APIs, allowing you to:

  • Buy/sell/send
  • Organize your bitcoins Wallets
  • Get the most up-to-date and historical exchange rates.

Regarding crypto research and automation, CCXT is a true powerhouse. There is a steep learning curve, but you can accomplish a lot once you master the fundamentals.

It’s not the most potent API for crypto trading (which is why it’s not in the trading category), but it’s really useful when you need to get some fast data to look at.

BraveNewCoin

BraveNewCoin provides cloud-based cryptocurrency APIs that provide quick and dependable access to real-time and historical cryptocurrency data from over 200 exchanges.

You can utilize BraveNewCoin’s APIs for a variety of purposes.

They’re also a fantastic source of news and information on crypto events.

Try BraveNewCoin if you’re seeking a flexible API to aid your crypto research.

CoinGecko

CoinGecko is the largest independent crypto data aggregator in the world. They take pleasure in giving accurate and unbiased information, which they have done since early 2014.

The most excellent part about CoinGecko’s data market APIs is that they are entirely free.

They solely deal with public data, so signing up merely to get API credentials isn’t essential.

You can upgrade existing apps and services with any of their robust APIs or create your advanced crypto market app.

Give it a shot because their data is extensive and straightforward to implement.

Gemini

Gemini is regarded as one of the safest cryptocurrency exchanges around. The fact that it is based in the United States adds to the comfort factor, as the platform is entirely local.

The user-friendly UI is also fantastic.

Gemini provides both public and private APIs, allowing you to:

  • Buy/sell/send
  • Organize your bitcoin wallets

Get the most up-to-date and historical exchange rates.

You should probably seek elsewhere if your primary purpose is to trade altcoins.

You can only swap 20 or more of the most popular cryptocurrencies on the exchange.

If you choose a more conservative approach, Gemini’s coin offers may be sufficient.

Some of Gemini’s APIs are restricted, but you can get them by creating an account, logging in, and obtaining your API keys.

The official handbook can be found here.

Kraken

Kraken API

On the market, Kraken is one of the most reputable cryptocurrency exchanges.

Most of their digital assets are stored in cold wallets, ensuring a high level of protection.

And, if you have any queries or problems, their customer service is available 24 hours a day, seven days a week, 365 days a year.

Kraken has both public and private APIs, allowing you to:

  • Buy/sell/send
  • Wallet Management for Bitcoin
  • Get the most up-to-date and historical exchange rates.

Kraken’s API is extremely versatile and packed with functionality. You may trade over 50 coins on the Kraken exchange.

Although this is less than Binance (which offers 150+ currencies), the stability and security are far superior.

Try Kraken if you don’t want to trade anything other than the most popular coins.

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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

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.

Related: Gary Vee's 'VeeFriends' Partners Up With Toys"R"Us

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

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