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Bitcoin Pays a Mortgage

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Once upon a time in America, owning your own home was the holy grail of the American Dream. Houses were expensive, sure, but with a stable job and a fixed-rate loan from the bank, you could plan your future and expect to have a place to be in your retirement even if you had to cut back financially in other ways.

That was before the hollowing out of the American job market made it increasingly difficult to get and keep a well-paying job, or that banks started marketing ‘refinancing’ to let people live off the ‘excess equity’ in their houses, or that banks started selling subprime mortgages to allow people to buy into more house than they should have been able to afford – sustainable as long as interest rates didn’t rise!

And then the subprime market collapsed and undermined the whole economy, an event the world has still not only still not recovered from, but with another collapse increasingly looking like it’s on the way. There is little wonder that according to some reports 64% of Americans no longer think that owning your own home is a good investment. There has been some recovery to the housing market, but at least some of that movement is from wealthy people buying properties that they mean to rent – the Rich Dad, Poor Dad strategy of buying properties to rent is no longer a path to move up, but just another way for those who are already wealthy to keep hovering up the big bucks.

On this Fourth of July weekend, at least one individual no longer has to worry about his house due to an early and smart investment in Bitcoin. The new homeowner reports on Reddit:

2 years ago for the price of 1 monthly payment of my 30-year long mortgage I took a chance on bitcoin and bought 300 bitcoins from a friend. Yesterday I paid off my mortgage and have taken the whole family out to celebrate on the 4th. Just wanted to express my thanks to the Bitcoin community. It is amazing to feel debt free on this Independence day.

PS: I still own a lot more coins I managed to pick up during the last couple of years.

Happy Independence Day fellow Bitcoiners…

Edit: Instead of paying the bank every month for the next couple of decades, I will put it back into buying back more bitcoins. It feels a lot better than paying the Bank.

This person took the risk with Bitcoin when it was even more unknown and undeveloped than it is now, paying just six dollars per bitcoin, and is now reaping the reward.

Is this a possibility for the many people who right now out there struggling with housing and other financial problems? Probably, no. It can be for some, though. Despite a series of high-profile scandals, Bitcoin is still seeing a rise in adoption as judged by the number of wallets out there, more and more businesses are putting out ‘Bitcoin Accepted Here’ placards, VCs are continuing to invest ever more amounts of money in Bitcoin startups, banks are beginning to investigate Bitcoin more seriously, both as a threat and possible tool, and even China and Russia are backing away from hardline stances.

The trend for Bitcoin is positive, so people who invest now are very likely to see large returns. The only reason I say that most people won’t benefit from this is that most people won’t take the risk. It is important to note that there is nothing certain here – investing more in Bitcoin than you are willing to lose is never a smart idea. That being said, for some bitcoiners, like the redditor above, Bitcoin just might save the American Dream.

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Binance Adds New Crypto Trading Pairs for Its Users

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Binance Adds New Crypto Trading Pairs for Its Users

Binance, the world’s largest crypto exchange platform, is now adding new trading pairs. The users can now trade on these pairs ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD and SYS/USDT. Also, the trading pairs activate  at 2021-09-24 10:00 AM (UTC).

Binancians can trade the cryptocurrencies with listed pairs with low transaction fees in the Binance exchange. Besides these trading pairs helps the users to invest their assets on different cryptocurrencies. Additionally, Binance exchange is popular for its low trading costs which is much lower among other U.S exchanges. 

Binance Crypto Trading pairs

At present Binance exchange is trading more than 740 digital currency and fiat pairs including all top cryptocurrencies. The exchange is increasing its network by adding new coins and tokens to satisfy its users. Thus, Binancians are also happy to be a part of the exchange community to explore new trading pairs.

Unlike other U.S cryptocurrency exchanges, Binance ranks highest for its low spot trading fee of 0.1% including eToro and Coinbase. Along with trading, the users can fund their amount with fairly charges. However,  Binance offers its users a seamless trading experience through a variety of crypto assets and trading volume. 

Besides releasing new coins and tokens in the exchange, Binance also adds new trading pairs for its users. Binance currently open trading pairs for crypto assets and fiat currencies like ARPA/RUB, DF/USDT, FET/BUSD, LTC/UAH, SOL/USDC, STX/BUSD & SYS/USDT. In this  RUB and UAH are fiat currencies which do not depict any cryptocurrencies. 

Moreover, from the initial stage to present Binance have added more than 740 trading pairs and continue to increase the pairings enabling its users to trade their favourite coins. Besides, the low trading and transactions fees is the best competitive strategy used by Binance to sustain in the marketplace. 

For more information and updates, please visit:

Website:   https://www.binance.com/en 

Twitter: https://twitter.com/binance 

Telegram:  https://t.me/binanceexchange 

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Cardano Summit Begins Tomorrow, Here’s What You Should Know

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Picture of a Cardano logo with the galaxy behind it

The Cardano summit is scheduled to begin tomorrow, Saturday, September 25th. The summit is scheduled to run for two days, the 25th to the 26th, and promises to be a one-of-a-kind event. Meetups are available in six locations around the world. But the summit will feature both live and virtual events where anyone from around the world can attend. Local groups are also available with community-led events.

Events at the Cardano summit are split by the worlds they fall into. Currently, the summit features seven different worlds in which individuals can choose to participate in. These worlds include Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community.

Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

The Cardano community is still giddy with the recent launch of smart contracts capability on the network, and with good reason. This summit promises some bigger announcements following this incredible feat. Details of what might be expected from the team are still sparse. So right now, it really is a waiting game as the opening of the summit draws closer.

The partly virtual event features avatars for participants to communicate with one another. While also featuring notable keynote speakers from the crypto space that will speak throughout the two-day summit. In addition to these will be the availability of limited edition NFTs minted on the blockchain to be collected throughout the summit. Founder Charles Hoskinson will provide the live opening keynote across all seven worlds to mark the beginning of the summit.

Hydra 2, DeFi, And The Cardano Network

Cardano recently announced the launch of the Hydra Layer 2 solution that will enable developers to build and deploy their decentralized apps (DApps) in a safe and secure environment. With the launch of Hydra, Hoskinson tweeted that more information will be available about the solution at the summit.

More information about decentralized finance (DeFi) protocols launching on the network, with updates expected from decentralized protocols like Minswap and SundaeSwap, which are both built on the blockchain.

Related Reading | Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green

Founder Charles Hoskinson celebrates how far the blockchain has come up until this point. “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and perf-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure,” the founder said.

ADA price trending above $2.1 | Source: ADAUSD on TradingView.com

Future exploits by the developer are expected to be announced at the summit. Alongside how the project plans to bridge the gap when it comes to decentralized finance. The summit is open to participants from all around the world and sign-up is free at https://summit.cardano.org/.

Featured image from Beinchain, chart from TradingView.com

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Time Magazine Joins the NFT League in OpenSea!

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Time Magazine Joins the NFT League in OpenSea!