Cryptocurrency is growing in popularity, but most people still think about crypto-related profits as the result of active actions. While you can certainly profit from cryptocurrency by trading it on an exchange as you would with any other asset, there are also other ways to make a profit. In fact, you may be surprised to learn about the surprising number of ways to earn passive income from cryptocurrency.
What Is Passive Income?
Passive income refers to income that you make without putting in additional effort. Essentially, you put the effort and investment in once and continue to make a profit in the future. Passive income contrasts with active income and portfolio income. …
Cryptocurrency continues to grow in popularity. This growth comes with increasing demand from consumers for easy access to crypto, as well as the ability to pay for services using cryptocurrency. Savvy application developers are listening, and many smartphone applications recently added cryptocurrency support to their existing applications. There are also new smartphone applications with crypto support and plans for even more apps to integrate cryptocurrency.
This shows the extent to which cryptocurrency is becoming mainstream. After all, there has to be a strong demand for crypto integration for developers to go through the effort of making this feature.
Take a look at some of the apps with recently announced crypto integration, those to come, and some of our favorites that have already been around for a bit. …
CipherTrace is a blockchain forensics firm with a strong reputation. The company recently announced its latest tool, showing how it continues to advance its crypto investigation capabilities. This comes in the form of the new CipherTrace Scout application.
Getting to Know CipherTrace Scout
The CipherTrace Scout application is designed to help investigators at the street level. It should provide additional freedoms to track, document, and identify illicit crypto transactions while in the field.
How It Works
The application builds on the already-existing investigatory tools that are likely in use. The interface is via the application and traces the addresses via the blockchain. It uses this information to identify coins that might have been part of underworld crypto transactions. …
While most people are aware of cryptocurrency and have at least some idea that some cryptos can be mined, not everyone is aware of crypto-mining malware attacks. This is a critical cybersecurity threat to keep in mind, given that there has been recent growth in crypto-mining malware attacks.
Understanding Crypto-mining Malware Attacks
Before exploring how and why crypto-mining malware attacks have increased recently, you need to understand what these attacks involve. You may also see them written as cryptomining malware, cryptocurrency mining malware, or cryptojacking. All of these refer to the same activity.
With crypto-mining malware, the malware – malicious software – runs on your computer or device and takes over its resources, using them for mining cryptocurrency without your permission. …
It is no secret that despite the growth of cryptocurrency, many traditional financial institutions are still hesitant to offer crypto-related products. Because of this, there are still not many Bitcoin mutual funds available. These offerings are now growing thanks to the launch of the Liberty Bitcoin Fund from CMCC Global.
Getting to Know the Fund and CMCC Global
CMCC Global is a venture capital group based in Hong Kong. Its new Liberty Bitcoin Fund improves access to cryptocurrencies for accredited investors in Asia. …
Most people have heard of the process of mining cryptocurrency, at least in terms of Bitcoin mining. This used to be a profitable method of earning cryptocurrency, but as the difficulty of mining has increased, it becomes harder. This leads to many wondering whether crypto mining is still profitable and what you can do to maximize profitability if you want to mine crypto.
Understanding Crypto Mining
Before you can explore whether crypto mining is still profitable, you must understand what it is. The most common example of crypto mining is mining Bitcoin, and most other cryptos follow a similar process.
Mining is how the blockchain updates its ledger of transactions. To mine, you must run a very powerful computer and race against the other miners to guess the correct number first. Whoever correctly guesses this number first gets the chance to update the ledger. …
Cryptocurrency has the potential to disrupt the traditional financial institutions. As such, many banks are not fond of crypto. Some see it as competition, while others have concerns about the legitimacy of cryptocurrency. There are multiple reasons that many banks choose to stay away from cryptocurrency, at least for now. This makes the few financial institutions that are crypto-friendly stand out even more.
If you want to invest your fiat or crypto in a crypto-friendly financial institution, then consider the following options.
Why Banks Are Hesitant to Adopt Crypto
As mentioned, every bank has its reasons for hesitating to adopt cryptocurrency. Taking a closer look at those reasons will give you a better idea of why so few financial institutions are crypto-friendly. It will also help you visualize the obstacles that crypto-friendly banks have had to overcome. …
If you invest in cryptocurrency, some useful browser extensions can help you get the most out of your research. Other browser extensions are helpful for anyone using cryptocurrency. These can appeal to everyone, whether you’re holding digital currencies or into trading.
Exploring the Types of Extensions
Before looking at some specific extensions for your browser that can help with trading cryptocurrency, take a closer look at the types of extensions that exist. Most have a specific purpose, while some can be for multiple purposes.
Cryptocurrency news extensions do exactly what they sound like. They ensure you always have access to the most recent and relevant news from the crypto industry. …