Mark Tencaten | Mark Tencaten NGS Group

Following a disastrous 2022, Bitcoin (BTC) has slightly increased this year. According to Mark Tencaten, the cryptocurrency began in 2023 at about $16,500 before growing to about $23,000. Although it has since decreased a little and is far from its record high of over $68,000, it has still increased by about 40% in just five weeks. Some people interpret the rally as a cause for optimism and the possibility that the crypto winter may finally be ending. The gold rise has been covered from being recognized thanks to the Bitcoin rally. The real rally occurring in actual gold is going unnoticed by the financial media because it is preoccupied with the sucker's rally occurring in actual gold. Why Bitcoin’s rally is considered a sucker’s rally? The primary criticism of Bitcoin is that it is pointless. People contend that Bitcoin is only a string of numbers, unlike gold, which he says is a hedge towards inflation and can potentially be used in jewelry, at the very least. Given that

According to Collins Dictionary, the term of the year in 2021 was non-fungible tokens (NFTs). As per Mark Tencaten number of NFTs were auctioned for millions of dollars, with Pak's "The Merge" fetching a price of over $90 million. Nevertheless, their time in the limelight was only briefly felt. Last year, demand for quite everything crypto-related, including NFTs, decreased. What are NFTs? A non-fungible token is easier to comprehend if you see it as a digital certificate of ownership. These certificates are kept on the blockchain, theoretically forming a safe, irrevocable record that cannot be altered. Anything may be turned into an NFT, including a coffee cup and works of art, movies, and music. MarkTencaten explains Non-fungible, without being too complicated, is a term used to explain something that is distinct and not interchangeable. A dollar bill is, therefore, fungible because it isn't unique; it could be substituted with any other $1 bill, and people c

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 sensational year in crypto is unquestionably finishing with significant stories, with BlockFi the furthest down the line setback to FTX related disease. Following a long time of hypothesis, the organization formally petitioned for Section 11 Chapter 11 recently. While the full consequences of this occasion are as yet disentangling, for the roughly 100,000 leasers, the news has been difficult to accept. It's assessed that the organization has liabilities adding up to anyplace between $1-10 Billion USD, with just $256M in real money holds, as per Bitcoin Magazine. While the organization has been wavering near the precarious edge of breakdown for quite a long time, the organization put out a public announcement affirming bits of hearsay on Tuesday November 29th. In a proclamation, BlockFi affirmed that BlockFi Inc and eight subsidiary organizations had started willful liquidation. The organization guaranteed the move was finished to "settle its business and furnish the

Investments in cryptocurrencies skyrocketed in 2020 and 2021, and several of the biggest cryptocurrencies reached record highs. After the Fed implemented its economic restrictive measures and investors withdrew from riskier assets, prices started to decline. After that, the market saw several shocks, each of which caused prices to decline further. One prominent instance was the Terra (LUNA) network's collapse, which impacted the market for many months. Mark Tencaten  believes that the worst may be behind us as we approach the new year and question if 2023 is the right year to invest in cryptocurrencies. Here are some queries you should ask yourself before proceeding. 1.     Reserve an emergency fund Mark Tencaten says that before you invest in anything, whether it's stocks or cryptocurrency, ensure your emergency fund is filled. A savings account with at least six months' worth of spending will protect you from unforeseen disasters like a pandemic or job loss. The

On October 31, Bitcoin, the pioneer digital currency, turned 13. Since Satoshi Nakamoto, the anonymous creator of the bitcoin white paper, developed the digital currency built on blockchain technology, cryptocurrency has advanced significantly. Just several years back, cryptocurrency was mainly a tech-geek obsession. Today, however, it has succeeded in igniting a genuine interest among major institutional investors and businesses like Tesla and Microsoft. Additionally, crypto exchanges have made it simple for ordinary people to trade cryptocurrency. The path has been nothing but precarious despite its popularity. Progress has been hampered by recurring FUD (Fear, Uncertainty, and Doubt) cast around cryptocurrency's future. And the ESG (Environmental, Social, and Governance) impact is the most recent issue being raised by nations like China, which outlawed bitcoin mining. But Mark Tencaten asks whether these worries are valid. You will be guided through the actual effects of cry