Turkey banned the use of cryptos for payments – what does that mean for SA? moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
Find the next Bitcoin with Revix
20 April 2021 9:10 AM
Share This:
The world is changing, your investments should be too. Revix.com s bundles make it easier for you to invest in cryptocurrencies.
The emergence of blockchain and cryptocurrencies is a generational defining event that will invariably have a huge impact on the global economy.
Visaâs big announcement on Monday that it will allow the use of the cryptocurrency USD coin (USDC) to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry, has sent the crypto market back to near all-time highs. This move comes as major finance firms, including BNY Mellon, BlackRock and Mastercard, have embraced some digital coins. In fact, 42 companies now collectively hold more than $65 billion worth of bitcoin.
The smarter way to invest in crypto â Revix
16 April 2021 8:00 AM
Share This:
Is there a way to take some of the risks out of investing in cryptos? Yes, by building a balanced portfolio that helps spread some of the risks.
Investing in cryptocurrencies is inherently risky in that prices are prone to swings of 10% or more over a period of a few days. However, this high risk has brought with it tremendous returns.
In fact, the crypto asset class has been crowned the fastest growing investment category of the last decade providing an annualised return in excess of 220%. Over this past weekend, the total crypto market cap reached an all-time high of $2 trillion which means that the crypto-asset market is slightly larger than oil producer Saudi Aramco valued at $1.86 trillion and Amazon valued at $1.5 trillion.
Can you take the risks out of investing in cryptos? Revix has the answers
Investing in cryptocurrencies is inherently risky in that prices are prone to swings of 10% or more over a period of a few days. However, this high risk has brought with it tremendous returns.
In fact, the crypto asset class has been crowned the fastest growing investment category of the last decade providing an annualised return in excess of 220%. Over this past weekend, the total crypto market cap reached an all-time high of $2 trillion which means that the crypto-asset market is slightly larger than oil producer Saudi Aramco valued at $1.86 trillion and Amazon valued at $1.5 trillion.
MONEYWEB
Smaller cryptocurrencies like Polkadot and Cardano are challenging Ethereum’s dominance of the smart contract space. 00:02
The âsafest and easiest way to securely investâ in this area without having to bet on which single cryptocurrency will make it big: the Revix Smart Contract Bundle. Image: Supplied
Ethereumâs 1 330% sprint over the last 12 months has been driven by the dramatic emergence of decentralised finance (DeFi) and non-fungible tokens (NFTs), but there are other cryptocurrencies that are nipping at its heels for dominance in this space.
Chief among them are Cardano, up more than 3Â 500% over the last year, and Polkadot, up 1 360% since it first traded in August 2020.