Connect with us

Bitcoin

Harnessing Sustainability and Compliance: An Inside Look at Bitcoin Additional and Quantum Exchange 

Published

on

Spread the love

Welcome to an exclusive interview with Doni and Ilmari, the minds behind two new entrants in the cryptocurrency space: Bitcoin Additional and Quantum Exchange. They believe in a future where sustainability, inclusivity, and decentralization go hand in hand with cryptocurrency technology. 

Bitcoin Additional is not your regular Bitcoin spinoff. Although its price aligns with Bitcoin’s, the difference lies in its use of a proof-of-stake algorithm. This approach significantly reduces energy consumption and hardware requirements, distinguishing it as an eco-friendly option in the cryptocurrency mining landscape. The potential to mine Bitcoin Additional via master nodes or cloud mining makes it more accessible and affordable. In addition, the proprietary blockchain offers superior scalability, speedier transactions, and reduced costs compared to the conventional Bitcoin network. 

The Quantum Exchange or the Halal Exchange as the creators fondly refer to it, extends the inclusivity ethos further. Respecting the Sharia law stipulations, this exchange does away with instruments of speculative trading and derivatives which are traditionally seen as unpermissible for Muslim investors. This thoughtful approach allows adherents of Sharia law to safely invest in the world of cryptocurrencies.

Discussing the environmentally-conscious mining technique, Doni explains that Bitcoin Additional coins can be mined by simply staking existing ones. The process can be carried out via their mobile wallet or PC application, even directly through their exchange. Notably, the entry barrier is kept minimal, requiring an investment as low as 0.001 Bitcoin, which equates to about $28. This accessibility, coupled with a promising annual return of up to 30 percent, opens doors for anyone to begin their cryptocurrency investment journey.

Bitcoin Additional’s innovative features extend to transactions as well. A noteworthy addition is a shake-to-pay feature, where cryptocurrency can be transferred simply by shaking your phone near your friend’s device. It’s a playful and user-friendly solution that diminishes the complexities usually associated with cryptocurrency transactions.

With headquarters based in Slovakia, the company primarily focuses on the markets of Turkey, Western Europe, and the CIS. However, the platform is open to investors from around the world.

Discussing Bitcoin’s future prospects, Doni and Ilmari predict an optimistic scenario driven by the upcoming halving event. They anticipate the price of Bitcoin potentially doubling or even touching the $100,000 mark in the following year.

On the topic of meme coins, their stance is firm. They regard the meme coin frenzy as a high-risk game, akin to a casino. While it may attract investors seeking quick and substantial returns, they caution that this type of investment often enriches founders and influencers who pump these coins. Their approach leans toward traditional, long-term investment strategies.

Finally, when queried about Central Bank Digital Currencies (CBDCs), they see it as a potential step towards mass adoption of cryptocurrency. Though CBDCs might bring about a level of centralization, they see the overall endeavor as governments and major corporations attempting to integrate their systems into the decentralized framework of Bitcoin. 

With their unique offerings and approach, Bitcoin Additional and Quantum Exchange are aiming to make a lasting mark on the crypto world. They are committed to simplifying cryptocurrency investments while ensuring sustainability and inclusivity. This forward-thinking approach could very well make them the pioneers of the next generation of crypto-technology.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Bitcoin

Bitcoin Navigates Challenges, Yet 2024 Holds Promise

Published

on

Spread the love

Recognized as the pioneering standard of digital currencies, Bitcoin is grappling with considerable obstacles. The cryptocurrency behemoth faced a tough stretch in the third quarter of 2023, with anticipated setbacks of close to 15%. This downturn resembles its trajectory from the end of 2022, representing two notable troughs within a year’s span. As of late September, Bitcoin’s market valuation is hovering around $513 billion, with its exchange rate settling just above $26,000, marking a noteworthy 17% drop from its zenith in summer 2023.

A combination of dynamics is steering this volatile phase. The overarching economic climate is putting pressure on Bitcoin. A noticeable uptick in US bond interest and an invigorated US dollar, ignited by discussions that the US Federal Reserve could sustain heightened interest rates longer than foreseen, are key factors. Despite the economic tribulations, the US’s financial landscape has showcased unexpected tenacity, exhibiting positive economic expansion and labor market indicators. This upbeat data has prompted market players to adjust their perspectives, becoming less wary of an impending US economic downturn.

Recent revelations from the Federal Reserve further compound Bitcoin’s trials. Alluding to potential rate hikes within the year, the institution also signalled a reduction in rate reductions for 2024 than formerly anticipated. This fiscal strategy spells challenges for Bitcoin. Escalating bond interests, commonly regarded as safe financial bets, undermine the attractiveness of volatile assets like Bitcoin. Moreover, a fortified dollar elevates the pricing of dollar-based Bitcoin for overseas traders.

Growing interest from established financial institutions towards Bitcoin brings additional intricacies. As traditional entities express greater interest and with the potential greenlight for Bitcoin-focused ETFs on the horizon, Bitcoin’s susceptibility to macroeconomic shifts is set to amplify. Decisions by leading global banks to decrease rates could be the catalyst for impending Bitcoin market surges.

Nevertheless, Bitcoin aficionados have reasons for optimism. The year 2024 might herald a rejuvenated phase for Bitcoin, predominantly steered by the eagerly awaited halving occurrence planned for April. Historically, such halving events – junctures where Bitcoin issuance is slashed by half – have been powerful triggers, elevating Bitcoin to unmatched levels. If this event coincides with lenient monetary policies, US ETF endorsements, and clarified regulations, 2024 might usher in a pronounced Bitcoin market resurgence.

Still, the path ahead is riddled with uncertainty. Short-term projections for Bitcoin are anything but stable. Insights from The Block suggest a guarded stance among Bitcoin option traders, with anticipations leaning towards a declining valuation. This trend is evident as traders are leaning more towards options that provide returns if Bitcoin’s valuation dips in the forthcoming month. Additionally, current technical patterns raise eyebrows. Bitcoin’s path seems to be veering off a critical pattern, potentially diving towards the $20,000 mark.

For visionary investors, this potential dip might present a golden opportunity for accumulation, in anticipation of a 2024 market surge. Yet, in the foreseeable horizon, Bitcoin must steer through tumultuous seas. The crypto’s inherent robustness, flexibility, and market intricacies will be tested, determining if Bitcoin can not only endure this phase but resurface more potent, reaffirming its standing in the ever-shifting crypto domain.

Continue Reading
Bitcoin3 days ago

Bitcoin Navigates Challenges, Yet 2024 Holds Promise

Crypto1 week ago

Terra Luna Classic’s Evolving Journey: Aiming to Anchor USTC at $1

Crypto1 week ago

Islamic Coin’s Journey to Integrate Digital Money with Moral Standards

Bitcoin1 week ago

Spiderchains: A Proof Of Stake Second Layer

Bitcoin2 weeks ago

Crypto Enthusiasts Anticipate Upcoming Positive Shift, Focusing on Bitcoin and FOMC

Bitcoin2 weeks ago

Bitcoin’s Rhythmic Movements: Deciphering the Leading Digital Currency in the Midst of Economic Shifts

Crypto2 weeks ago

Shifting Tides: India’s Journey Towards Universal Digital Currency Regulatory Measures

Featured2 weeks ago

Panerai’s Digital Transformation: The Advent of the NFT Digital ID

Crypto2 weeks ago

Crypto and the SEC: Navigating New Waters

DeFi2 weeks ago

Polygon Labs asks senators to consider apple orchard as they tax crypto

DeFi2 weeks ago

Coinbase Cloud integrates Kiln platform for native ETH staking below 32 ETH

DeFi2 weeks ago

Squid unveils direct swaps across Cosmos and EVM blockchains

DeFi1 month ago

DeFi Value Locked Reaches $42 Billion – A Comprehensive Analysis of the Latest Trends in Decentralized Finance

Featured2 months ago

A Conversation with BRN Metaverse: An Insight into Their Ecosystem, NFTs, and AI Integration

Bitcoin2 months ago

Interview with Berkan from Crypto Carbon Energy

Crypto2 months ago

X Marks the Spot: Elon Musk’s Rebranded Twitter Unveils Global Ads Revenue Sharing Program for Creators

Crypto2 months ago

Web3 Neobank ‘hi’ and Animoca Brands: Accelerating Crypto Integration and Shaping Future Finance

Crypto2 months ago

Ripple’s Momentous Victory: XRP Ruled Not a Security, Yet Legal Battle Continues

Luna Classic2 months ago

Terra Luna Classic’s Proposal to Burn 800 Million Tokens

Bitcoin2 months ago

Global Crypto Community Convenes at Dubai’s Blockchain Economy Summit

CBDC2 months ago

Digital Diplomacy: Russia and China Explore Synchronisation of CBDCs for Cross-Border Transactions

Crypto2 months ago

Worldcoin Foundation: A Global Cryptocurrency Venture Amid Regulatory Challenges

NFTs2 months ago

Mastercard’s Web3 Artist Accelerator: A New Era of AI-Driven Music and NFTs

DeFi2 months ago

Unibot Leads the Charge: The Revolutionary Impact of Telegram Bot Tokens on Crypto Trading

Learning2 months ago

Unravelling the Impact of Tokenization on Real Estate and Intellectual Property

Advertisement

Trending