Should You Invest in Cryptocurrencies? Pros and Cons

Digital currencies are increasingly gaining an edge over fiat currency because of technological advancement and their high adoption. Bitcoin is the first, universally accepted, and most popular cryptocurrency in the financial market. Although the current BTC price will likely fluctuate, the digital currency and others are still making waves. Investors are starting to consider exploring investment in digital currencies.

What are the pros and cons of investing in cryptocurrencies?

There are a few key advantages to investing in digital currencies. Firstly, they are often much cheaper to transact with than traditional fiat currencies. Secondly, they can offer a higher degree of anonymity than fiat currencies, which is appealing to many users. Finally, they tend to be much more volatile than fiat currencies, providing investors with the potential for high returns.

However, there are also some significant risks associated with investing in digital currencies. Firstly, their value is highly dependent on public perception and can fluctuate rapidly. Secondly, there is a very real risk of them being hacked or stolen, as there is no central authority responsible for safeguarding them. Finally, there is also the possibility that governments could crack down on their use, which would negatively impact their value.

Pros of investing in cryptocurrencies

Here are some pros of investing in cryptocurrencies:

Fast, easy and secure transfer

Cryptocurrencies are not just valuable assets but also offer fast, easy and secure transfer of funds. This is one of the key advantages that has made them so popular in recent years. When sending money overseas, for example, traditional methods can be slow and expensive. With cryptocurrency, the process is much quicker and cheaper.

Unlike other investments such as property or bank transfers that may require extensive paperwork, cryptocurrencies are relatively easy to set up and manage. This is another advantage that has contributed to their popularity, particularly among younger investors.

Personal information annoymity

When purchasing some assets, you are required to disclose your personal information to the merchant for confirmation. This is not required when buying cryptocurrencies. You only need to provide your wallet address to the seller/merchant to receive your purchased coins. This ensures your personal information remains anonymous throughout the transaction process.

With cryptocurrencies, you can maintain your privacy by using a decentralized exchange. A decentralized exchange is an exchange that does not require you to disclose your personal information. Instead, you can trade directly from your wallet without having to go through a third party. This means that your personal information remains confidential and is not shared with the exchanges or any other party.

Properly managed

Cryptocurrencies are properly self-managed by developers and miners. They hold crypto transactions on their hardware and are rewarded with transaction fees as compensation. Because of this, they monitor transaction records to preserve the integrity and decentralized nature of digital coins.

Anti-inflation properties

Cryptocurrencies have anti-inflation characteristics because they are not subject to the control of any government. The supply of most cryptocurrencies is fixed, which means that the money supply cannot be increased, resulting in inflation.

This makes cryptocurrencies a good investment for people who are worried about inflation eating away at their savings.

Cons of investing in cryptocurrencies

Here are some cons of investing in cryptocurrencies:

Chance of violating the law

Since cryptocurrencies are not regulated by the government they are at a higher risk of being used for illegal activities, such as money laundering and tax evasion.

Several dubious persons are utilizing cryptocurrencies to scam unsuspecting persons of their hard-earned money. Some purchase narcotics on the dark web. Because the anonymity and decentralized feature of cryptocurrencies make it difficult for the government to track down any notorious user through their wallet address, this could lead to the government cracking down on cryptocurrencies and making them illegal.

Risk of malware and cyberattack

Although cryptocurrencies are highly safe and secure, some crypto exchanges are not. This poses a major risk as these exchanges are a prime target for hackers. Once hackers get hold of a user's wallet information, they can move funds in a matter of seconds.

As such, it is important to research any exchange or wallet you plan on using, and always keep your private keys safe and secure.

Highly volatile market

The crypto market is highly volatile. This makes it extremely difficult to predict what will happen next and how prices will move. The crypto market is also influenced by speculation. Things can change pretty quickly. You need to be aware of this when you are making investment decisions.

Several factors can affect the price of cryptocurrencies. They include global events, news, technology developments, and government regulations. It is important to keep up with all of these factors so that you can make informed investment decisions.

To stand a chance in the crypto market, you must be skilled in research and analysis. Or you can engage the services of crypto professionals.

Investing in cryptocurrencies has its pros and cons. On one hand, cryptocurrencies are decentralized, meaning they're not subject to government or financial institution control. This makes them attractive to investors who want to avoid traditional markets.

On the other hand, cryptocurrencies are volatile and risky investments. Their prices can fluctuate wildly, and they're often used in illegal activities like money laundering and drug trafficking.

If you're thinking about investing in cryptocurrencies, you should do your research!

by Web Desk via Digital Information World

Twitter Blue Users Will Have To Verify Themselves on Twitter Through Their ID

Ever since Elon Musk took over Twitter, he has been implementing many features on the app authentic engagement on the platform. Someone had to take this step because Twitter was slowly being flooded with bots that were blocking the real person's activities on Twitter and the whole timeline was usually a mess. Previously, Twitter added verification of the person using the account that he is a human. Now, as per Alessandro Paluzzi, Twitter requires ID Verification for users using Twitter Blue.

Twitter Blue users need many verification steps and as a result, they get exclusive Twitter features. This verification is also a big step for users with blue ticks because this way they will be able to prove their authenticity to Twitter and may get special treatment from the app.

If you have signed up to Twitter from an iPhone, your ID Verification gets already done from Apple ID. If you pay $8 for the blue check, you have to verify yourself through your ID after your billing cycle ends. The new billing will start from $11 per month, as per the news from Twitter. This means that if you want to subscribe to Twitter blue, you have to verify yourself first, or else you want to be able to use Twitter Blue. Right now this update isn't in full swing but in the upcoming days, all the Twitter blue users will have to verify on Twitter with their ID. Some users are happy with this update, while some are saying that this is unnecessary. Users are saying that they want to give their ID to Twitter for verification, and want Twitter to adopt new ways of verification. Let's see if this new feature is here to stay or if Twitter is just trying it out to see the reaction of users.

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by Arooj Ahmed via Digital Information World

Twitter Predicted to Lose 32.7 Million Users in Two Years

The acquisition of Twitter by billionaire Elon Musk has caused some to question the future of the social media platform. Musk’s prime concern was to generate revenue, and he attempted to do so with an $8 per month charge for a verified blue tick. In spite of the fact that this is the case, many are ridiculing this notion due to the relatively small amount of revenue it would bring in. Some are hoping that Musk can turn the ship around, but the predictions seem rather dire right now.

Insider Intelligence recently put out a report that revealed a potential drop in Twitter’s number of users for the very first time. Twitter’s growth rate in terms of user base was slow prior to Musk’s acquisition, but with all of that having been said and now out of the way this report suggests that it may go into the negatives despite never having done so since the platform was first released for general consumers.

The social network managed to crawl its way to 368 million users in 2022. The research indicates that this will decrease by 3.9% to 353 million by the end of 2023, followed by another decline of 5.1% to reach 335 million by the time 2024 draws to a close. This will set Twitter back several years, since the platform had more users than this as far back as 2020 when the pandemic surge resulted in an 11.1% growth rate that brought the total count to over 347 million with all things having been considered and taken into account.

All of this seems to suggest that Musk’s acquisition is putting Twitter’s future in jeopardy. If current trends continue, it will become harder for Twitter to continue operating than might have been the case otherwise. Musk has alienated a lot of advertisers due to his free speech absolutism, and that is having a detrimental impact on what he refers to as the internet’s Town Square. Much of this decline can be attributed to US based users who are migrating to other platforms such as Mastodon en masse.

Read next: The news comes forward to us by Insider Intelligence who says they’ve really done extensive market research to come to this conclusion, ever since they began to track it down in 2008.
by Zia Muhammad via Digital Information World

New Survey By Meta Says AR/VR Technology And The Metaverse Have An Integral Role In The Future

Does AR/VR technology and the Metaverse have any place in the future of the tech world?

You’ll be astonished to learn that the answer was a huge yes, as confirmed by a recently conducted survey by Meta.

The tech giant took a poll that entailed around 2000 employees and nearly 400 different business leaders located across the nation of the US and the UK. And their general consensus was yes!

Meta mentioned in a recent post highlighted in the report that was made public on Monday how many firms and workers have been made aware of a diverse tech world. There is a lot to learn from here and new business models are those that people wish to adopt.

Technologies and processes of all kinds were up for grabs that go on to make some of the most engaged and productive teams out there. And through such offerings, many firms are looking forward to a future that comprises various ways to work and evolve thanks to innovation in technology.

Meta put forward some new insights regarding the survey and it’s actually quite interesting, to say the least.

Today, around one-third of the world’s workforce works on a remote basis. Therefore, businesses are allowed to redefine their understanding of the term community and inclusion.

Meta revealed how 19% of respondents in this survey felt video helped them feel more awake in meetings while 15% felt that it led to a higher collaboration with various colleagues. Then 70% of the respondents felt meetings needed to be more immersive as well as engaging. And that’s when you have 66% of people replicating a sense of unity that arises while being in the office.

There are some firms that create a virtual presence and a true sense of belonging when the working style is hybrid.

The use of AR/VR technology and headsets can really bring a new sense of belonging and intrigue to employees. Meanwhile, the Metaverse is on a mission to keep on growing through such endeavors.

The metaverse platform is outlined as one that can aid in getting rid of barriers by welcoming all on the same playing field. It’s been outlined to be a key move to engage and also to retain people classified as introverts. These are those who like to work in a remote manner and enjoy comfort through the likes of an avatar for interaction with other colleagues.

• Also read: Annual Social Media Report Unravels The Biggest Trends Of Brands On Instagram And TikTok

Meta and other similar businesses hope to invest in the likes of VR headsets as compared to upgrades in the world of laptops. This all depends on the demand put forward by employees.

Meta proved through its survey that around 60% of its workforce would want the introduction of VR headsets by next year while others look forward to collaborations with the likes of digital avatars in VR spaces.

The use of virtual and mixed technology can really put forward a limitless array of applications when we talk about collaborations. It’s really going to surprise people in the future and as more brands want innovation, this might be the right step ahead.

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by Dr. Hura Anwar via Digital Information World

Apple CEO Admits iPhone Devices Make Use Of Sony Camera Sensors

In what is being dubbed as an absolutely rare finding about iPhone hardware, Apple’s CEO is making a confirmation that not a lot of people saw coming.

Tim Cook took out the time to release a tweet that spoke about the leading iPhone maker using image sensors from Sony in iPhones. This was mentioned while being a part of a supplier tour to Japan.

Cook added that it’s not something new and Apple has been partnering up with Sony for more than 10 years to produce the best camera sensors from around the world for its iPhones. Similarly, he thanked the brand and its CEO for taking the time to show him around the facility that handles manufacturing.

An image was similarly released showcasing his own brand’s smart device which many found to be a little funny. This is definitely one unique tweet as Apple prefers to remain hush on such matters regarding the specifics of where the hardware of the iPhone comes from. So confirming news like this, right off the bat, is definitely a unique ordeal.

On a usual basis, the website for Apple just goes on detailing the specs for the leading iPhone camera. From aperture to resolution and field of view too- they’ve really got it nailed down. But with time, it makes one realize that such matters don’t really matter as we’re dealing with the day and age of computational imagery.

With that being said, so many reports from the past have gone on detailing more about industry aspects leading toward Apple’s reliance on brands like Sony. In the past, a report from the Wall Street Journal even went on to claim that the iPhone 6 smartphone has two sensors hailing from Sony. And even before that, others have claimed the real specifics of model numbers.

In case you did not know, Sony is considered to be a leader in the market of image sensors. It commands a 44% market share for image sensors as per statistics from the previous year. On the other hand, we’ve got the likes of Samsung being the second largest holder for market share in this respect.

But with a visit like this involving the Apple CEO, it’s quite evident that the partnership between both of these firms won’t be dwindling away anytime soon. In fact, we feel such moves solidify the bond and offer hints about more such projects in the near future.

Sony mentioned how it is working on a brand new image sensor that makes use of semiconductor technology to attain the best light out there and limit overexposure and underexposure.

This is expected to make its way to Apple iPhones’ next batch of smart devices so we’ll have to stay tuned for that. At the same time, the leading tech giant hopes to strike a deal with some more smartphone manufacturers other than Apple. For that, we just need to keep our eyes open and we’ll surely be doing that here.

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by Dr. Hura Anwar via Digital Information World

Google Executives Outline The Reputational Risks Of Providing Wrong Information Through AI-Technology

Google is really working hard to compete with the growing trend entailing the adoption of AI technology. Therefore, it’s not in a race to go too quickly as executives warn against the effects of doing so.

Employees are really witnessing a lot of buzz around ChatGPT, powered by Microsoft. This is the name reserved for AI chatbots that went public toward the end of last month. And it didn’t take time for it to transform into a sensation on Twitter.

A lot of people ended up wondering about Google entering the race because it does like to label itself as the pioneer of AI technology. In case you didn’t know, it’s behind the LaMDA which is the name for Language Model for Dialogue Applications.

During a recently held meeting, so many workers at the search engine giant’s head office couldn’t help but express concerns about the leading edge provided with AI thanks to the incremental rise in popularity for chatbots in today’s day and age from others.

The fact that Google was taking a back seat while others were busy leading the industry was definitely a concern expressed. But executives don’t think so. They don’t look at it as a chance of Google missing out on anything.

In fact, the firm’s CEO was quick to elaborate on how Google couldn’t move too fast in this regard. It had a huge responsibility on its shoulders and the risks linked to setting out the wrong information would really cost the firm in the long run.

The firm’s CEO similarly highlighted how the costs of winning the race would bring numerous losses as a lot could go wrong. So many users blindly trust Google in terms of providing answers to searches conducted on a daily basis.

There are billions of users from all around the world that use the search engine while AI-driven chatbots like ChatGPT only recently passed the one million user mark at the start of this month.

Similarly, executives highlighted how AI models are great but they have certain issues that can’t be overlooked. And while language models are definitely taking over the market share around the globe, it’s not as simple as it appears.

Google is embarking on a slow and steady pace and is taking calculated risks that wouldn’t disrupt its entry point in the market on the web.

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by Dr. Hura Anwar via Digital Information World

CIRP Has Published Data About the Places From Where Consumers Buy iPhones the Most And the Top Place Is Not The One You Are Thinking

New data published by CIRP shows where the people in the USA get their iPhones from and it's not directly from Apple stores. According to this data, it is revealed that most people in the USA buy their iPhones from carrier stores. Physical as well as online carrier stores are the ones that make the most with iPhone sales. After these carrier stores comes the Apple Store. It is rather shocking that Apple Stores aren't the first place people go to if they want to buy iPhones.

Best Buy retailers are also included in the list of where people buy the most iPhone from. Third-party retail stores are not very popular when it comes to buying iPhones but they still have a percentage in the list. The list goes like this: Physical and Online Carrier stores have 67% of iPhone sales, Apple Stores come second in the list with 24% and other stores have 5%. Third-party Best Buy stores have 4% iPhone sales. The 'others' in this list mean retail stores like Walmart and Target, as well as other stores.

This isn't a good thing because the Apple Store being second in the list is a weak spot because if Apple cannot even sell its products, what's the point of everything? If more than 75% of iPhone sales are not from Apple Store, it means that there is no effort from Apple for iPhone sales. When a person wants to buy a new iPhone, he goes to a carrier site but not to the Apple Store directly even if Apple is giving them offers like long warranty and other accessories. Other carrier websites also have offers for customers, but it's a point to ponder for Apple because why are customers getting attracted to other sales instead of Apple's?

This data is surprising because everyone was expecting that Apple iPhone sales will be bigger than any other shop. One of the reasons why carrier stores are getting high iPhone sales is because the customers think that their carrier will help them in moving their service to the new iPhone. Carriers are also good at advertising their stuff, especially when a promotion is associated with it. Carriers also know who their target audience is so they always advertise in that range. They do most of their advertisements by texting and emailing iPhone users and for the most part, this seems to work.

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by Arooj Ahmed via Digital Information World