Hoping that cryptocurrency - be it bitcoin, ethereum or any other - appreciates in value is the main way to make money in the world of digital coin investing. But some claim that it is also possible to earn money off cryptocurrency, or make returns in other ways from holding it. How would a cryptocurrency investor do that, is it too risky and how much faith do you need to put in unregulated and previously unheard of entities offering the opportunity? We take a look.
The Daily Beast America’s Most Iconic Natural Wonder Has a Uranium Mine Next Door Scott Buffon/Arizona Daily Sun via APJust 10 miles south of the entrance to the South Rim of the Grand Canyon is a giant hole in the ground where miners are hoping to strike it big with one of Earth’s rarest but deadliest elements—uranium. Despite it only being about 17 acres in size, the Canyon Mine extends over 1,400 feet down into the Earth’s surface and critics worry it could scar the Grand Canyon itself and pollute a nearby tribe’s water.Mining has been prevalent in the region surrounding the Grand Canyon since the early 1900s. During the atomic era of the 1950s, it was a little bit like the Wild West—interest in uranium mining soared and it evolved into a highly unregulated industry, where people were walking around with Geiger counters and shovels, hoping to sell it to the government for profit.As the price of uranium plummeted, so did interest in mining the region. However, in the mid-200...
With Bitcoin standing firm above $50,000, more investors are drawn to crypto trading with the hope of growing their wealth. Futures trading, a mature tool that has the potential to multiple investments, naturally becomes one of the most sought-after ways. Tim Leung, a fresh graduate, spotted the potential of Bitcoin as early as January 2020 and took a leap of faith. “People around me had been talking about cryptocurrency for a while as early as in 2017, but I didn’t really get it and thought it was just a joke,” said Leung. “Then the big rally came, taking Bitcoin to almost $20,000. Almost all of my friends earn money from it, and of course, I regretted not investing in Bitcoin sooner. But as we all know, the rally only lasted so long and not everyone was smart enough to pull out at the right time. So the small guys got crushed, and many of my friends swore to never touch Bitcoin again.” While many people lost faith during the plummet, some discovered ways to make money. Leung i...
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