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Over the past few days Cryptoland, the moonshot project to turn a private Fijan island into a crypto-utopia, has taken to posting through a PR crisis following widespread mockery of its animated marketing video and a wave of criticism about the project. On Saturday, Molly White, a software engineer whose viral deep dive into the island's seemingly half-baked plans touched off a wave of scrutiny, posted that she received a legal threat from Cryptoland. These statements constitute libel since they defame both Cryptoland and its founders," the email posted to Twitter by White reads. Since then, the company seems to have taken to posting through the backlash to the legal letter and other aspects of the project. Cryptoland has also filed a copyright takedown against White on Youtube for reposting their full marketing presentation, White revealed, which seems indistinguishable from satire at points.
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- Cyber-extortionists targeting the financial sector are demanding bitcoin ransoms
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- Meet the playboy millionaire blowing up Instagram
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You can buy the first-ever tweet. The current bid: $2.5 million
T here are many websites for amateur investors claiming to guide them on the path of trade and investment with cryptocurrency. While many share tips and secrets to yield as much profit as possible, one important aspect is often overlooked.
One can easily go about trading bitcoins to earn. But how can a trader turn their bitcoin into cash? While many believe that it is profitable in the long term to hold onto the Bitcoins which they have invested in, cashing them out may be of more advantage to some.
Since the bitcoin has observed a steady rise in popularity and a few striking hikes in value in the past few years, the Bitcoins that traders may have possessed for a long period would have increased in value manifolds. Cashing it out by selling Bitcoins would be beneficial for such traders who are content with the amount of money they have managed to make through this digital currency system.
While the process of cashing out bitcoins may seem too complicated, they are not. One can think of this conversion exactly like the currency you generally use to a currency from a different country while traveling. Since bitcoin is a part of the digital currency system, the cash conversion is somewhat like converting different physical currencies only. The difference lies within the exchange rates. However, there is no centralization of power within cryptocurrencies like bitcoin.
However, the exchange rates on the conversion of bitcoin to cash do exist. It depends majorly upon the demand of bitcoin when the trader decides to cash out their bitcoins. The amount of money investors wish to put in the bitcoin strongly influences the amount of cash that one receives from converting bitcoin to physical money. There are majorly two ways by which traders and investors can go about converting their bitcoins to cash. Each of them has its own sets of pros and cons, and one should decide according to their personal preferences.
Here are the two ways:. Contacting a broker for converting bitcoins to cash is considered a safe and secure option by many experts.
Upon the deposit, the trader has to put in a withdrawal request. This method of converting bitcoins to cash has its list of pros and cons. While it is a safer option as compared to the alternatives, it is also very time-consuming.
The exchange is also known to charge transaction fees for the same. Converting bitcoins to cash is a much faster alternative to involving brokers. The peer exchange procedure involves directly selling the bitcoin to the interested party. Since no third body is involved, the conversion happens at a much lower transaction fee. However, this method is not all laughs and giggles. Hence, it is considered important to take all the necessary precautions while converting bitcoin to cash.
With all the points mentioned above, the ways traders can go about converting bitcoins to cash is clear. The trades revolving around bitcoins should always be done on trusted applications like Official Website.
Investing in bitcoin may seem too complicated initially. But once people start going about it, they realize how easy it is to get done with the trades. Similarly, turning bitcoin into cash may seem like a very tedious job — but it is quite easy to be done with. Thursday, January 27, Share on Facebook Share on Twitter. Why turn your bitcoins into cash?
How to go about cashing out bitcoins? Evaluating The Bitcoin Ecosystem. Related Posts. Advertise With CBJ. Most Viewed. Latest Articles. Solving Breach of Contract Disputes. Commentary: Fighting Clergy Child Abuse. Laguna Beach Independent Newspaper. Laguna Beach City Guide. Newport Beach Independent Newspaper. Newport Beach Country Club Magazine. Montage Magazine. Omni Escapes Hotel Magazine. Bespoke Concierge New York. Evans Hotels. Laguna Beach Magazine.
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Cyber-extortionists targeting the financial sector are demanding bitcoin ransoms
The cryptocurrency world is targeting football fans in a major way and, while it may enrich some, it comes with major risks. They set the world record by selling an NFT for 35 Ethereum for primary sale in less than 10 seconds. This is huge. Adios Dragon talking.
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Meet the playboy millionaire blowing up Instagram
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Thanks for contacting us. We've received your submission. Dan Bilzerian, the poker-playing multimillionaire, has become famous for blowout bashes that easily rival Playboy Mansion bacchanals. In August, he and his brother flew to their ancestral homeland of Armenia. In March , he created an uproar by posting a picture of himself relaxing in a hot tub and using a topless, bent-over female as a dinner table. You need to bring something to the table. One ridiculous bit, viewable on YouTube, had him test-driving a bulletproof vest by shooting at his pal Antonio Esfandiari.
It won't be easy to hide the Bitcoin stolen through Twitter
Yes, add me to your mailing list. Twitter is in for yet another burst of memes as the crypto world suffers the tremors of yet another crash which has resulted in a substantial decline of value. The picture is definitely not looking great and the exorbitant popularity is slowly turning into a worrisome vulnerability that is putting all those who invested in crypto in a fix. Because over the past few months, uncertainty and volatility, two inevitable characteristics of crypto have become more defined than ever.
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T here are many websites for amateur investors claiming to guide them on the path of trade and investment with cryptocurrency. While many share tips and secrets to yield as much profit as possible, one important aspect is often overlooked. One can easily go about trading bitcoins to earn. But how can a trader turn their bitcoin into cash?
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