Mark Cuban Invests in Indian Crypto startup MATIC (Polygon)

Cryptocurrency Investment

Mark Cuban, the billionaire investor behind Shark Tank, has invested in Polygon, an Indian cryptocurrency platform that intends to make Ethereum transactions faster and cheaper. Matic, Polygon’s native token, has surpassed a market worth of $10 billion and is now one among the top 20 crypto coins in the world.

It was created in 2017 by Jayanti Kanani, Sandeep Nailwal, and Anurag Arjun under the name Matic Network, with Serbian Mihalio Bjelic, subsequently joining as a co-founder. On May 25, Polygon began to appear in Cuban’s portfolio of enterprises. In an email to BuyUcoin, he also confirmed the investment, saying, “I was a Polygon user and find myself utilizing it more and more.” 

Making Ethereum more useful

By employing Layer 2 sidechains, which are blockchains that operate alongside the Ethereum main chain, it was established to deliver faster and cheaper transactions on the popular programmable blockchain Ethereum. With over 250 decentralized applications, 76 million transactions, and 790,000 unique users, its scaling solutions have been widely adopted.

Changing from a matic network to a polygon

Matic changed its name to Polygon in February of this year in order to broaden its appeal. It has evolved into a platform for Ethereum scaling and infrastructure development, assisting with two types of solutions: secured chains (Layer 2) and stand-alone chains (Sidechains).

While Layer2 scaling solutions rely on Ethereum for security, Sidechains are completely self-contained. In a blog post, the startup stated, “Polygon transforms Ethereum into a full-fledged multi-chain system or an Internet of Blockchains.”

Mark Cuban is a crypto lover.

Cuban, an American billionaire entrepreneur who owns the NBA’s Dallas Mavericks and is one of the show’s main shark’s investors, has invested in over ten blockchain firms and is optimistic about the future of cryptocurrency investment. His crypto portfolio is made up of 60% Bitcoin, 30% Ethereum, and the balance is made up of other coins. Bitcoin, he believes, is a better alternative to gold as a store of value than a currency.

Covid19’s disaster relief efforts

Vitalik Buterin, the developer of Ethereum, recently gave over one billion Shiba Inu Coin to India’s COVID-Crypto Relief Fund, put up by Polygon co-founder Sandeep Nailwal, in one of the largest-ever individual philanthropic endeavors. “I think we will eventually get around $50 million. If Elon Musk or some celebrity talks about it again, maybe $100 million but more than that is unlikely,” Sandeep Nailwal, had told Moneycontrol on the actual money that would come in.

Source : money control

How Big Data helps Cryptocurrency Market?

Big data analytics is one of the “secrets” to cryptocurrency’s success. Data keeps crypto functional and safe by detecting security flaws and unusual patterns. In general, however, they remain a mystery in the eyes of the average person. 

We are beginning to see an emergency and convergence of crypto and big data analytics in the cryptocurrency market. Those who know more about crypto than the average person are aware of the potential for big data analytics. 

Let us gain insight a little deeper into some of the potential gains that can be realised when big data initiatives are combined with cryptocurrency.

Helping Investors Do Their Job Better

When people invest in cryptocurrency, they are aware that there will be much higher volatility than usual. The trick with investors is that they want to be ahead of the big dips and in before the big spikes. Big data analytics and data techniques can assist in identifying tracking trends. 

This type of trending analysis can help predict what the market will do by using historical data to predict what will happen in the future. Big data analytics aids in the input of variables and the creation of models, allowing you to make the best predictions about the future of cryptocurrency values.

When it comes to the cryptocurrency market, investors face a difficult task. Their goal is to analyse all of the different digital currencies, such as the cost of purchasing cryptocurrency, and try to profit from the fluctuating value.

Cryptocurrencies such as Bitcoin and others make headlines when their prices fluctuate dramatically. We’ve seen fluctuations that are unlike anything you’d see in a more traditional investment environment. The value of cryptocurrency can skyrocket one day before plummeting the next.

Big Data Can Reveal Odd Patterns

The criminal space is the most important and beneficial link between cryptocurrency and big data analytics. One of the major concerns that banks and credit card companies have about cryptocurrency is its security. 

They want to know where the cryptocurrency is coming from, where it is going, and if anything illegal is happening. What big data analytics allows you to do is set up ongoing auditing and monitoring of transactions. You can assist in the search for patterns that may indicate criminal activity.

When it comes to cryptocurrency, fraud is still a major issue. Searching for instances of heavy usage may reveal illegal operations. This is what has harmed the growth of cryptocurrency as these become more apparent. 

As cryptocurrency becomes more popular, hackers will try to devise ways to exploit it through malware and other means. Big data analytics can aid in the discovery of patterns and the detection of this activity before it becomes successful.

Big Data helps Cryptocurrency Market by technologically advanced Security

One of the most significant barriers to entry into the cryptocurrency market is the need to secure the blockchain for both investors and users. Consumers are increasingly using cryptocurrency to purchase goods and services. Businesses and consumers may be hesitant to invest in digital currencies if adequate security is not provided.

As the blockchain becomes more secure, it opens up new opportunities for investment. When you increase blockchain security through the use of data, you begin to open up opportunities for startups. 

Where blockchain is used, big data analytics assists in providing more details on every transaction to businesses of all sizes. This additional logging of transactional data facilitates the adoption of cryptocurrency and the blockchain.

How Big Data helps Cryptocurrency Market?

The world of finance and banking has changed dramatically in recent years. Modern businesses have many options for developing new cryptocurrencies, as well as digital banks and advanced security. 

These fintech ideas, on the other hand, go hand in hand with other, related technological advancements such as AI, machine learning, and big data. Most businesses in all industries want to reduce costly mistakes, misinterpretations of trends, and, of course, security threats. And that’s where Big Data comes to the rescue!

Making wiser, quite encrypted predictions

The cryptocurrency world is fiercely competitive. Knowing when to invest and which currencies to invest in can be determined not by your access to data, but by your interpretation of that data. 

One bad move in crypto trading can ruin your reputation or cause you to lose your money. This is where big data analytics can assist businesses in making data-driven forecasts and predictions that produce results. 

Emerging trends can be identified using data from social media, cryptocurrency trading platforms, customer behaviour, and cloud-based data centres. Data that your AI tools can quickly and efficiently analyse is then transformed into actionable reports and business intelligence.

Reducing human error

The ability to reduce human error is one of the most significant victories of automation and AI for businesses. We have a tendency to be subjective and biased, finding certain bits of data more interesting than others. This inclination makes our businesses more vulnerable to missed opportunities and simple mistakes in judgement.

With reliance on AI tools, big data analytics overcomes this simple but prevalent issue. AI analytics tools that are smart, autonomous and free of bias assist companies in cryptocurrency trading in eliminating human error. That alone adds a new dimension of importance to your data.

Improving efficiency and reducing fraud

One of the most common goals for cryptocurrency-related businesses is to reduce fraud and continuously improve cybersecurity. While the blockchain provides built-in security from the start, big data allows for the monitoring of transactions and transactional patterns in order to detect irregularities and legal issues.

Big data analytics should always be used by your security experts to detect security issues and potential data leaks before they occur. That is, your big data analytics will aid in the prevention of security issues as well as the protection of your company’s reputation in the crypto space.

Understanding crypto-market trends

This cutting-edge technology improves the security of every crypto transaction, but it has progressed beyond its origins. Blockchain is now being used in a wide range of processes and transactions, and it has shown great promise in the development of social networks. 

Elon Musk, for example, has stated that bitcoin is becoming more popular by the day. These are the most appealing trends for cryptocurrency-based businesses to follow. Many other trends are emerging in a similar fashion, allowing businesses to make more accurate predictions.

Although the full impact of blockchain technology on the business ecosystem has yet to be seen, crypto trading has enabled fast and efficient growth so far. Big data is no longer a well of mystery thanks to AI-driven software and advanced analytics solutions. 

It has become one of the success pillars for many businesses around the world. If you trade cryptocurrency or intend to mine as a means of funding your business, big data analytics can help fuel your long-term goals.

Why Cryptocurrency is in high demand?

Why cryptocurrency is in high demand?

Investing in virtual coins has become much easier than it was a few years ago as the cryptocurrency market evolves. While investor interest peaked following the 2020 cryptocurrency boom, cryptocurrency is in high demand.

Investing in cryptocurrencies has become a hot topic in recent weeks, owing to the high level of volatility seen in the virtual coin trading space — several rounds of ups and downs have been witnessed in the crypto market in just two weeks.

After a sharp drop on Sunday, cryptocurrency prices recovered on Tuesday. Bitcoin, the world’s most popular cryptocurrency, has recovered after falling nearly 12%. Earlier this week, cryptocurrencies were hit by yet another devastating bout of volatility, resulting in a sharp decline in the market capitalisation of popular virtual coins. 

This was primarily due to China’s strict cryptocurrency crackdown and Tesla CEO Elon Musk’s tweets about the environmental impact of mining virtual coins. However, anyone who has invested in cryptocurrencies will tell you that drastic price movements are normal in the cryptos and they will continue to rise as prices rise.

A cryptocurrency is a form of digital asset based on a network that is distributed across a large number of computers. why cryptocurrency is in high demand?

Cryptocurrency is replacing traditional currency

According to analysts, the cryptocurrency market has evolved significantly since a decade ago and is gradually finding a place in the mainstream. Though it is at the beginning stage of replacing traditional currency, it has gained popularity among younger investors in recent years.

The year 2020 was especially significant for cryptocurrencies because valuations skyrocketed in the midst of the coronavirus pandemic. One of the primary reasons why investors were drawn to virtual coins last year was the global weakness in traditional assets.

Some analysts have even labeled 2020 as the “breakthrough year” for cryptocurrencies, claiming that the price surge seen last year is unlike previous instances.

Though governments around the world are still wary of cryptocurrencies, analysts believe they are getting closer to being accepted as mainstream assets in the year 2021 also and it will be phenomenal in the years to come!

The high-rated craze behind cryptocurrency

Many large banks are now investing in either collaborating with existing cryptocurrency clients (such as JPMorgan with Zcash) or developing their own cryptocurrency (such as Bank of America). 

In terms of significance, another important point to remember is that as cryptocurrencies become more popular, the true masterpiece is the decentralised ledger technology, blockchain, on which crypto is based. 

Blockchain is merely a platform, and its technology enables cryptocurrencies and digital tokens to operate within it. Essentially, any transaction that can be recorded can benefit from the use of blockchain.

Cryptocurrencies, also known as digital or virtual currencies, have caused a paradigm shift in the way we think about money. This is how we intend to approach the possibility of purchasing it. The way we think about spending it. 

Even so, you may be unaware of the reasons why cryptocurrency is so popular at the moment. There are several reasons why cryptocurrency is in high demand? , and you can learn about seven of them by reading the information below.

  • Fees are very low

One of the main reasons why cryptocurrency is in high demand around the world is that it has very few fees associated with it. When you use other types of online payment methods, you will frequently incur large fees. 

The extremely low fees associated with the use of various cryptocurrencies will be a much better deal for you. Many people believe that using cryptocurrencies to pay for items online makes sense as it is also safe to trade from all over the world.

  • Cryptocurrencies Have Nothing to Do With World Governments

Another reason why people believe in cryptocurrencies is that they are not associated with global governments. This means that cryptocurrencies have the potential to remain stable even when a country is in turmoil. 

Some investors see cryptocurrencies as a good way to protect their wealth, which is one of the reasons why the price of cryptocurrencies has risen over time. Cryptocurrencies are more appealing because they have the potential to be safer than some official government currencies.

  • There Is Potential for Profit

Of course, the possibility of profit is a major reason why people become involved with cryptocurrencies. If you buy Bitcoin at a low price, you may be able to profit when the price rises. 

Many people who invested in cryptocurrencies before they became extremely popular ended up making huge profits. Because the market has not cooled in recent years, investors are still profiting from cryptocurrencies.

  • It’s Getting Easier to Use Cryptocurrency

Because more online businesses are adopting cryptocurrency, it is becoming easier to use. More websites are beginning to accept cryptocurrencies as payment, and this will only become more common in the future. 

It’s also worth noting that cryptocurrency debit cards are now becoming available in some places. This may not be widespread at the moment, but it is very much happening.

As cryptocurrency becomes more popular, it will reach an increasing number of people. As a result, there is an increase in awareness and an overall increase in demand.

  • Overall Security Is Important

Protecting your identity and your money is critical, and you are aware of how difficult cybersecurity has become in modern times. Using cryptocurrency to make online purchases is actually a lot safer than many other traditional payment methods. 

If you are concerned about cybersecurity, using cryptocurrency may be a good option for you. One of the factors that have contributed to cryptocurrency’s popularity is its security.

  • It’s Easy to Get

Obtaining cryptocurrency is not a difficult task that will require you to jump through many hoops. It is possible to obtain cryptocurrency from reputable sources, and the ease of obtaining cryptocurrency has contributed to its growing popularity. 

People may have thought of cryptocurrency as a shady and unknown entity in the past, but it has now become common in many circles. If you’ve never bought cryptocurrency before, you’ll be surprised at how simple and user-friendly the process is in BuyUcoin, India’s leading crypto exchange.

  • It’s Seen as the Future

Finally, many people believe that cryptocurrencies are the currency of the future. People who use cryptocurrency are also using major technological innovations like blockchain. 

This allows you to be on the cutting edge, and many people prefer to be ahead of the curve. Blockchain technology is expected to change the world in a variety of ways, including making trading a much more transparent process.

Trade Cryptocurrencies at 0% Fees

May 26 Daily report: Ripple enters the NFT space to lower gas fees, Polygon (MATIC) Skyrockets 32%, BTC needs to break $40,000, Cardano (ADA) Hits 1 Million Wallet Milestone and Elon Musk Prefers Dogecoin Over Other Alts

Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban

The price has Polygon (MATIC) Skyrockets 32% today making its move above $2.0 At press time, MATIC is trading at $2.13 with a market cap of $13.1 billion. The recent price rally comes as tech billionaire Mark Cuban officially announced his support to the Indian blockchain startup. Polygon, formerly known as Matic Network, is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Polygon (MATIC) Skyrockets 32% After Strong Backing from Tech Billionaire Mark Cuban.

Ripple enters the NFT space to lower gas fees as XRP price tiptoes above $1

Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector. On the brighter side, Ripple has made public the plan to combat the challenge by integrating the NFT marketplaces on the XRP Ledger. 

BTC needs to break $40,000 to validate the uptrend toward $50,000

Bitcoin has proved to investors that it can come out of the ditch it fell into last week by gaining considerable ground to $40,000. However, increasing scepticism in the market limits Bitcoin’s ability to continue with the uptrend. BTC corrected from highs around $40,000 but secured support at $36,400.

Cardano (ADA) Hits 1 Million Wallet Milestone Ahead of Smart Contract Implementation

The Cardano (ADA) network has hit a new milestone, as one million wallets have now been created on it. The milestone was reached at a time in which thousands of new wallets are being created every day as presumably more users join the network. ADA tokens in circulation, worth nearly $34 billion, are staked across the world in nearly 2,500 active pools.

Robert Shiller, a Nobel Laureate in Economics, is considering getting involved in the Bitcoin market | Coinotizia

In an interview with CNBC released Sunday, Nobel Laureate Robert Shiller discussed the bitcoin market. Shiller won The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2013 alongside Eugene Fama, Lars Peter Hansen “for their empirical analysis of asset prices,” The Nobel Prize’s website details. At Yale University, he is the Sterling Professor of Economics.

Bitcoin Market

Shiller is concerned about the present housing market, stock market, and cryptocurrency markets, claiming that investors in these markets have a “wild west” mentality.

Nonetheless, he said he has been tempted to get into crypto. The Nobel Prize-winning economist shared:

I was thinking of buying them to experience the effect. A lot of people do that actually. I never bought bitcoin. Maybe I should be active in the bitcoin market.

Shiller has always been a skeptic of bitcoin. Bitcoin, he argued in 2017, was the best illustration of “irrational exuberance or speculative booms.” In 2018, he claimed that the cryptocurrency appeared to be a bubble and questioned whether it would still exist in 100 years. Nonetheless, he stated, “I don’t want to discredit bitcoin,” adding that the cryptocurrency market may have a positive outcome. 

Meanwhile, another Nobel laureate Paul Krugman said last week that he has given up predicting the imminent demise of bitcoin, stating that “There always seem to be a new crop of believers. Maybe just think of it as a cult that can survive indefinitely.”

Source : BitcoinEthereumNews

For The Growing Army Of Crypto Investors, The World’s Leading Fiat / Crypto Infrastructure Now Offers An Integrated SafeMoon Wallet MoonSafe

About SafeMoon Wallet

SafeMoon: Crypto in a New Light SafeMoon CEO John Karony stated, “Doing things differently is both our beginning point and part of our eventual goal.” “This new SafeMoon wallet is a critical tool for our investors, which is why we’re excited to join with Simplex — another firm that recognizes the necessity of operating on the principle of making financial markets and methods accessible to everyone.”

Transparency is one of our basic principles, thus we make a lot of our activities quite public. It’s one of the reasons we host AMAs (Ask Me Anything) on Twitch on a regular basis. We want our investors to be able to see and communicate with us, to understand more about what we’re doing, and to get as involved in their investment as they desire. That’s just a completely different perspective on cryptocurrency and investment in general. And it’s a strategy that we’ve seen work before. Because they realize we’re equally as committed to providing service and value to them, our increasing army of investors is extremely committed to our mission.” 

About SafeMoon

SafeMoon is a new yet immensely popular cryptocurrency that incentivizes long-term investment by guaranteeing a core liquidity guarantee. It was specifically built to favor long-term holders (known as “hodlers”). The SafeMoon protocol charges sellers a fee of 10% of the amount sold, while rewarding hodlers with 5% of the seller’s fee in SafeMoon tokens and putting the other 5% in a public liquidity pool in a bold attempt to reduce price volatility, which is often incited by big day traders (crypto “whales”).

SafeMoon also chooses manual burns over continuous burns, giving the company more control over the coin’s overall supply. The SafeMoon Protocol is a community-driven, open-source DeFi crypto token that performs three simple duties throughout each transaction: Reflection, LP Acquisition, and Burn are the three steps in the process. Holders are rewarded for merely holding SafeMoon coins with auto-generated liquidity and static farming, bringing a completely novel approach to tokenomics. By sharing 5% of the 10% charge paid on all SafeMoon purchases, the longer a wallet is held, the more tokens are granted.

SafeMoon Community

Follow the #SafeMoonArmy on social media: Facebook, Twitter, Instagram, LinkedIn, Twitch, YouTube; or on community forums: Github, Reddit, Telegram, Discord for the latest SafeMoon crypto updates. SafeMoon rose to prominence after being featured in a stunning Times Square billboard ad that was entirely solicited by Reddit member “properties” and sponsored entirely by the SafeMoon community. National magazines such as Fortune and the Wall Street Journal have lately promoted SafeMoon. SafeMoon is currently working on a number of future evolutions and company branches, including the launch of an NFT exchange that would expand the SafeMoon concept to other cryptocurrencies, a SafeMoon app, and a deal with a major African country to integrate SafeMoon as part of their public currency.

Stay Tuned for SafeMoon

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