Mark Tencaten | Mark Tencaten NGS Group

In a major update to widespread adoption, the Brazilian legislature this week approved a comprehensive legal framework for the use and trading of cryptocurrencies. The update will see Bitcoin recognized as a digital representation of value in the country, supporting the property as a means of payment and investment option. The announcement comes after a meeting in Brasilia, the capital of the country, held on Tuesday, November 29, 2022. Although the bill did not define Bitcoin as a "legal entity", it passed a law that legalized cryptocurrencies as a form of payment in all countries. A move that will ultimately boost the acceptance of digital currency as a form of currency in the country. The bill applies broadly to cryptocurrency assets, which it considers "virtual assets" and requires only the president's signature to become law. The move will provide legal status for payments made in cryptocurrencies for goods and services, but not legal tender status. I

Investment juggernaut Fidelity launched its new crypto trading account "Fidelity Crypto" for retail investors this week. The move comes at an interesting time, following industry turmoil following the failure of several major stock exchanges. However, faithfulness continues with its new platform, hoping to provide the door to the company, at a competitive price. "Fidelity Crypto is your opportunity to buy and sell bitcoin and Ethereum on the Fidelity Investments app," the company said through its website, adding that customers can "trade crypto for as little as $1 when they having second thoughts”. Your traditional and crypto investments. This move, which has been working for some time, is what customers want. "A significant part of Fidelity's clients are interested in crypto. We provide them with the tools to support their choices, so they can benefit from Fidelity's education, research and technology. The company said. Crypto actor Mark Tenca

The year has been difficult for cryptocurrency investors. Bitcoin (BTC), the market leader, has lost nearly 70% of its value since its peak, while many other businesses have suffered even worse losses. The result is the same whether we refer to it as a bear market or a cryptocurrency winter: prices are declining, and it is unclear when they will begin to rise. Many seasoned cryptocurrency users view these protracted price declines as a natural cycle and a chance to sort out the less viable enterprises. Even when you invest your hard-earned money in eliminated initiatives, it still hurts. By way of illustration, when certain cryptocurrency loan services failed, some users lost their whole life savings. Mark Tencaten advises that if you purchase cryptocurrency, you should search for projects with utility, solid management, and a solid money-making strategy. They stand the best chance of long-term success. The following cryptocurrencies, in comparison, look especially dangerous at t

When a cryptocurrency giant like FTX goes under, it might generate repercussions that will be experienced for some time and shake the entire system. The issue is that there are numerous cryptocurrency platforms with various financial connections. A domino effect may occur if one fails. Many investors are currently left wondering what they should do to safeguard themselves as a result of this. Here are three directions given by Mark Tencaten you can follow. 1.       Use a non-custodial wallet. The codes that let you handle your cryptography are known as crypto keys. You are utilizing a custodial wallet when you keep your cryptocurrency on the platform from where you purchased it. The exchange is in charge of your cryptographic keys. The exchange might freeze your account and prevent you from retrieving your assets if something happens. That could be due to a number of factors, such as a system hack, liquidity problems, or security concerns regarding user behavior. Mark Tencaten

  BlockFi, a troubled cryptocurrency lender, is the most recent platform to go down after the demise of FTX, another crypto giant. BlockFi stated that it has "substantial exposure to FTX" and will declare chapter 11 bankruptcy. In the summer, BlockFi encountered issues as a result of the collapse of the cryptocurrency hedge firm Three Arrows Capital. FTX intervened at that time and provided a $250 million credit line to enable the business to survive. Sadly, it is now evident that FTX was unable to support other cryptocurrency businesses and probably lacked the internal infrastructure to do so. The bankruptcy filing of BlockFi BlockFi said in a statement that it and eight of its affiliates had started voluntary bankruptcy court procedures in New Jersey to stabilize the company and restructure in a way that "maximizes value for all customers and other stakeholders." According to BlockFi, it has 256.9 million dollars in cash on hand, which it plans to use as a

The crypto industry is growing to be "too big to ignore," according to Mark Tencaten. In fact, the crypto industry has grown by 706 percent to achieve nearly 600 billion. This is just the first step in the quickly developing crypto space, which has experienced an aggressive growth rate of almost 641% over the past 12 months. This makes it the fastest-growing market worldwide. Additionally, a study revealed that Defi platforms had a significant uptick along with the industry's steady expansion, with almost 221 million users actively trading in cryptocurrencies in recent months. Institutional investors from all around the world invested close to 17 billion US dollars in the Defi platform. Here is a five-point checklist that Mark Tencaten has provided that you should check out before you make the much-needed leap into the cryptocurrency market. 1.     Research You should undoubtedly take the cryptocurrency journey, but only after careful planning and research. Do no

The Bahamas-based cryptocurrency exchange, which debuted in 2019, rose quickly to prominence and reached a valuation of more than US 30 billion dollars earlier in the year. FTX was formerly one of the biggest cryptocurrency trading platforms in the world. In the last two weeks, everything has changed. First, there were worries raised regarding connections between FTX and the asset-trading company Alameda Research, including claims that client funds had been moved from FTX to Alameda. Mark Tencaten said that a few days later, the largest cryptocurrency exchange and competing company Binance stated they would sell their ownership of FTT coins, which are said to make up the majority of Alameda's assets. Customers who were in a panic raced to withdraw money from FTX, and now the business is in danger of failing. A popup notification on its website states that it is "temporarily unable to process withdrawals." According to Mark Tencaten , this isn't the first such q

  The quantity of energy used by cryptocurrencies is staggering. The second most common cryptocurrency in the world, Ethereum, is predicted to consume 78 terawatt hours of energy annually, about as much as the whole of Chile does. The energy-intensive coding that has long tarnished cryptocurrency’s reputation for being unfriendly to the environment will be removed from Ethereum, resulting in a 99% reduction in energy consumption. Mark Tencaten suggests that the “merge,” as the transformation has been dubbed, is one of the pivotal moments in crypto history. Knowing that the carbon estimation of Hong Kong’s total emissions will be eliminated overnight would comfort even people who are disinterested in pixelated cat pictures and metaverse meetups, most of which rely on Ethereum. Due to the merger, Ethereum’s security mechanism will change from the so-called proof-of-work approach to the popular proof-of-stake method. Difference between Proof-of-stake and Proof-of-Work According to Mark T

According to Mark Tencatan, cryptocurrency has remained gloomy for all financial markets. Data on US CPI inflation that was higher than anticipated have rekindled concerns that interest rate increases will continue to dominate the world economy. Last month, Bitcoin (BTC) lost more than 6% of its value and could not sustain support at $22,000 despite successfully breaking over the level in the middle of the week. Bitcoin is still consolidating at the $19,400–$20,100 price range, which has served as support for several months. There is a chance that Bitcoin will regain $22,000 if markets recover the losses in the coming weeks. Mark Tencaten claims that the culmination of Ethereum's (ETH) Merge last month, which means the network will no longer depend on a proof-of-work (PoW) consensus protocol, was a historic day for the cryptocurrency industry. Ethereum, the second-most valuable cryptocurrency in the world, just finished a significant software upgrade that promised enormous envir

Several cryptocurrencies are competing with Ethereum for second place, trying to outpace it in terms of scalability, trading costs, and other important variables. But the real question is: Can anything as powerful as Ethereum be killed or outrun? Four of the most prominent "ETH killers," as they are known, have been described by Mark Tencaten , along with why they are called ETH killers. Some of the most well-known ETH killers include Cardano, Solana, EOS, and Polkadot. What are ETH killers? According to Mark Tencaten , the idea of the "Ethereum Killer" is to develop a blockchain that may improve upon the original's shortcomings. In other words, the players that can figure out the issues will have a chance to take over Ethereum eventually. The dominant players at the moment are Cardano, EOS, Solana, and Polkadot. Let's examine what makes them deserving of the title "Ethereum Killer." 1. Cardano Since its launch in 2017, Cardano has be

The world was horrified and anticipated a market meltdown when Russian armies invaded Ukraine in the past months, but the cryptocurrency market held up better than ever. Cryptocurrencies have emerged as our alternative financial system's guiding light. They have provided us with fresh avenues for charitable giving (the Ukrainian government has begun to accept cryptocurrencies. Millions of dollars have already been raised in donations). The growing importance of crypto assets has thus been more evident than ever before and on a far bigger scale in the middle of all the confusion and uncertainty. Rally in cryptocurrency prices: Facts and background According to Mark Tencaten , the cryptocurrency market experienced a 10% decline after Russian President Vladimir Putin ordered a "military action" in Ukraine. But as usual, it quickly made a full recovery. With a new high, the value of cryptocurrencies has surpassed $3 trillion. Bitcoin has increased by more than 15% in th

In Mark Tencaten's opinion, Cryptocurrency possesses all the characteristics of a new asset class. The characteristics include certain valid use cases as well as maintaining value over time and space. He thinks the use cases for cryptocurrencies could be much greater than those for the Internet, which won't be relevant until later in the digital revolution. Another key characteristic of this asset category is volatility, which is a necessary component of any asset class that is expanding, as was the case earlier for oil. He thinks that their volatility will decrease as virtual assets become more well-established. Mark Tencaten believes that early investors have a disproportionate amount of cryptocurrency assets in their possession and have become richer due to the subsequent years' exponential price growth of cryptocurrencies. They were able to hold it for a long period due to their high-risk-taking attitude. He also states that price volatility won't go down despite

An increasing number of businesses worldwide are adopting bitcoin and many other digital assets for various transactional, operational, and investment needs. Like every frontier, there are uncharted hazards as well as compelling benefits. Mark Tencaten has examined some issues, and information businesses should consider when deciding whether and how to utilize digital assets. Why should anyone use crypto? An estimate from late 2020 states that more than 2,300 American businesses accept bitcoin, and that number excludes bitcoin ATMs. An increasing number of businesses worldwide are adopting bitcoin and other digital currencies for various transactional, operational, and investment needs. There are several potential difficulties associated with using cryptocurrencies for business. Like every frontier, there are both powerful temptations and unknowable risks. According to Mark Tencaten , organizations exploring the use of cryptocurrency in their operations should have two main thin

The cryptocurrency Dogecoin (DOGE) was created in 2013 based more on comic inspiration than pressing the necessity to serve a particular use case. The "Doge" meme, which depicts a sitting Shiba Inu — a Japanese dog breed — with its paws crossed, served as the model for the cryptocurrency. According to Mark Tencaten , Dogecoin was inspired by the quirky and hilarious culture of the larger cryptocurrency ecosystem, which initially emerged in 2009 with the introduction of Bitcoin (BTC). Following Bitcoin, a blockchain-based asset with the ability to move and store value, dozens of other crypto assets appeared, each claiming to have additional advantages like increased privacy. Since the technology for Bitcoin is open-source, other projects have exploited it to develop their blockchains and digital assets. Software developers Billy Markus and Jackson Palmer created Dogecoin in hours using the Luckycoin code. In the years following the creation of Dogecoin, Palmer and Markus l