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Learn how to use Bitcoin

Bitcoin is now getting a lot of attention from the public. The spread of Bitcoin in Japan is lagging behind that in the world, but the use of Bitcoin is expanding rapidly, supported by the hosting of the Olympic Games. So let’s learn how to use Bitcoin now so that we can keep up with the times!  Prepare your wallet before using Bitcoin! To start Bitcoin, you first need to make something like a dedicated wallet to store your own bitcoins, and this wallet is called a wallet. In fact you can use it is to be used even leave

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Bitcoin is now getting a lot of attention from the public. The spread of Bitcoin in Japan is lagging behind that in the world, but the use of Bitcoin is expanding rapidly, supported by the hosting of the Olympic Games. So let’s learn how to use Bitcoin now so that we can keep up with the times!

 Prepare your wallet before using Bitcoin!

To start Bitcoin, you first need to make something like a dedicated wallet to store your own bitcoins, and this wallet is called a wallet.

In fact you can use it is to be used even leave the bought a bit coin on an exchange, but the risk of hacking and the risk of bankruptcy is Exchange There is also, you cannot use it very safe. It will be slow after Bitcoin is gone, so make a solid wallet!

Recently, the cryptocurrency has leaked out due to hacking of BITPoint, which was popular for its security.

Wallet type

*             Desktop wallet: stored offline on PC

*             Web wallet: stored on the Internet

*             Mobile wallet: Store with smartphone application

*             Paper wallet: stored by paper

*             Hardware wallet: Stored on a dedicated terminal

The wallet can be classified into desktop wallet, web wallet, mobile wallet, paper wallet and hardware wallet depending on the currency storage location. There is also an article about coin geeks about each wallet, so please read it. Use the profit bitcoin for doing the bitcoin trading.

A desktop wallet is a wallet on a PC that can be managed in an offline environment. It is easy to use and has better security than a web wallet.

Web wallet is a wallet that can be managed on the Internet. Since there is a risk that the site will be hacked and I am worried about security, I think it is safe to use only a small amount of money.

Mobile wallet is a wallet that operates as an application on iPhone and Android. The point that you can carry around is that it is basically a payment from your mobile wallet when you use the store. However, like web wallets, there are security risks, so avoid storing large amounts.

A paper wallet is a wallet that is stored on paper. This is one of the safest storage methods and is used for long term storage.

The hardware wallet is stored on a dedicated terminal. As it is stored in an offline environment, it is a security wallet that is as secure as a paper wallet.

Use of bitcoin:

Use for shopping:  Bitcoin can also be used to pay for regular shopping. I think it will be easier to understand if you can imagine payment with a transportation IC card. The card itself is a wallet, and the amount of money on the card corresponds to bitcoin.

The recent boom in Bitcoin has increased the number of stores that accept Bitcoin payments, so I think Bitcoin payments will become even more popular in the future.

Bitcoin payments introduced everywhere! We solve all your questions about usage and taxes!

Many people may be interested in the news that the number of shops and websites that accept bitcoin payments is gradually increasing. All the questions about Bitcoin payments, such as where and how to use it, and whether it costs taxes, will be solved in this article!

Utility bill payment: Recently, it has become possible to pay utility bills using Bitcoin. Coincheck, a virtual currency exchange, has started a service called Coincheck Electricity, and if you register as a user on Coincheck, you can pay for electricity with Bitcoin. Moreover, this service will save you 4 to 6% of your electricity bill if you try to pay for it with Bitcoin.

In addition to Coincheck, bitFlyer, which is said to be the largest exchange in Japan, has launched a bitcoin payment project for gas charges, and it seems that it will soon be possible to pay gas charges with bitcoins as well.

 Donation: Activities to support people who are in trouble due to disaster or illness with Bitcoin are spreading. Coincheck is offering services in the form of crowdfunding for the donation.

This is a sponsored post. As it’s related to crypto trading or cloud mining, you should also read our risk warning. Read more in our editorial policy.

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Source: https://bitcoinsinireland.com/learn-how-to-use-bitcoin/

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Southeast Asia’s first Bitcoin fund launches to meet local institutional demand

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The Malaysia-based BCMG Genesis Bitcoin Fund-I, or BGBF-I, has officially launched, claiming to have become the first insured institutional crypto product available in the Southeast Asian region.

An announcement states the fund launched in response to a growing demand for institutional crypto products in Southeast Asia. The fund leverages an Artificial Intelligence (AI) powered blockchain-based platform provided by Calfin Global Crypto Exchang, which purports to offer increased security for customer holdings.

BGBF-I is regulated in Labuan, Malaysia, where IBH Investment Bank serves as the fund’s main advisor. Professional financial services provider, Hong Kong-based Alpha Calibration, will provide regulatory compliance services, and be audited by HLB Hodgson.

The investment vehicle also offers insurance coverage and underwriting for Public Offering Security Insurance.Fund Manager, Subbu Vempati explained:

“BGBF-I is a secure, insured and regulated platform where investors can get exposure to the Digital Assets industry. Investors get to benefit from our expertise in the financial, technical, and security aspects of Bitcoin investments, as well as enter this class with a peace of mind without any challenges or risk in directly handling the Digital Asset.”

According to its official website, the BGBF-I Fund projects a minimum return of 12% per year, while noting that BTC itself has gained 266.5% over the past 12 months.

All accredited Asian investors must go through mandatory Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings to access the fund.

The Bitcoin fund is one of many that have been recently launched to address growing institutional appetites BTC and other digital assets. In mid-February, the first physically settled North American Bitcoin ETF was approved in Canada. Grayscale’s Bitcoin Trust also continues to grow, with its assets under management recently tagging $39.8 billion.

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Source: https://cointelegraph.com/news/southeast-asia-s-first-bitcoin-fund-launches-to-meet-local-institutional-demand

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Former DC comic book artist fetches $1.85M auctioning Wonder Woman NFTs

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José Delbo, an artist who illustrated the comic book series Wonder Woman during the late 1970s, has made $1.85 million in an auction selling non-fungible tokens, or NFTs, depicting the popular heroine.

The 87-year-old Argentian, who also worked on Batman, Transformers, and The Beatles‘ Yellow Submarine comic book, collaborated with Milan-based crypto art duo Hackatao to produce the NFT drop, dubbed “Heroines.”

In total, 914 individual NFTs were auctioned, with the tokens each featuring one of seven illustrations or animated gifs depicting Wonder Woman in scenes invoking themes relating to the empowerment of women.

The tokens auctioned included two one-of-a-kind editions, four “open limited editions— where an unlimited amount of NFTs can be minted only while the auction is ongoing, and one edition for which no more than 10 copies could be sold.

The most expensive piece sold was “Heroines – Weight of the World,” an animated gif that illustrates Wonder Woman holding the world against a backdrop invoking themes of empowerment. The bidder “888” got their hands on the piece for a total of 88.888 Ether, worth approximately $136,000.

Screenshot of ‘Heroines – Weight of the World’

The open edition, “Heroines – Stand Out” , spanned 10 copies in total, with two being reserved for the artists, seven given away to raffle winners. The last remaining copy was auctioned for 15 Ether, or roughly $23,000. All proceeds from the sale were donated to Girls Who Code, an organization that works to closi the gender gap in the tech industry.

Heroines – Shine Bright” was the highest performing open limited edition, with a total of 151 copies selling for a combined total of $450,000.

José Delbo illustrated the Wonder Woman comics between 1976-1981 and is no stranger to the crypto world, holding a week-long exhibition of his comic book art in the Ethereum-based virtual reality world Decentraland during July 2020.

Comic book characters are increasing in popularity in the crypto art markets, with Marvel officially launching a Spiderman NFT that sold for $25,000 in February of this year.

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Source: https://cointelegraph.com/news/former-dc-comic-book-artist-fetches-1-85m-auctioning-wonder-woman-nfts

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TA: Bitcoin Rallies above $52K, Why BTC Could Soon Hit $55K

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Bitcoin price rallied over 5% and it even broke the $52,000 resistance against the US Dollar. BTC is now above $53,000 and it is likely to continue higher towards $54,500 and $55,000.

  • Bitcoin extended its rise above the $51,500 and $52,000 resistance levels.
  • The price is now trading well above $52,000 and the 100 hourly simple moving average.
  • There was a break above a key resistance trend line at $52,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct a few points, but it is likely to find support near $52,800 and $52,000.

Bitcoin Price Extends Increase

Yesterday, we saw a fresh increase in bitcoin above the $50,000 resistance zone. BTC remained in a bullish zone and it was able to extend gains above $52,000 after a short-term downside correction.

The bulls gained strength, resulting in a strong push above $52,000. There was also a break above a key resistance trend line at $52,800 on the hourly chart of the BTC/USD pair. The pair cleared the 76.4% Fib retracement level of the key decline from the $52,748 swing high to $46,350 swing low.

Bitcoin is now trading well above $52,000 and the 100 hourly simple moving average. The price is trading nicely above the $53,000 level and it is likely to continue higher.

Bitcoin

Source: BTCUSD on TradingView.com

An immediate resistance is near the $54,000 level. The first key resistance is near the $54,250 level. It is close to the 1.236 Fib extension level of the key decline from the $52,748 swing high to $46,350 swing low. The next major resistance for the bulls is near the $55,000 level. Any more gains could lead the price towards the $58,000 resistance zone and the all-time high.

Dips Supported in BTC?

If bitcoin starts a downside correction, it is likely to remain well bid above $52,000. An initial support on the downside is near the $53,000 level.

The first key support is near the $52,700 level and the broken trend line. Any more downsides might call for a test of the main $52,000 support zone in the coming sessions.

Technical indicators:

Hourly MACD – The MACD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 60 level.

Major Support Levels – $53,000, followed by $52,700.

Major Resistance Levels – $54,000, $54,250 and $55,000.

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Source: https://www.newsbtc.com/analysis/btc/bitcoin-btc-could-soon-hit-55k/

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