Friday, July 25, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How Are Facial Recognition Technologies Transforming the Betting Experience in London’s Live Casinos

    How Are Facial Recognition Technologies Transforming the Betting Experience in London’s Live Casinos

    Real-Time AML Checks: Why Speed Matters in Compliance

    Real-Time AML Checks: Why Speed Matters in Compliance

    Will the iPhone 17 Pro Compete with Samsung’s Best Handsets?

    Will the iPhone 17 Pro Compete with Samsung’s Best Handsets?

    First-Person Filming: Mini Cameras Transform Storytelling

    First-Person Filming: Mini Cameras Transform Storytelling

    How Institutions Protect Citizens’ Personal Data

    How Institutions Protect Citizens’ Personal Data

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    How to Use Chrome Developer Tools to Teach Math Logic

    How to Use Chrome Developer Tools to Teach Math Logic

    Cybersecurity

    How Software, Cybersecurity & VPNs Can Save You Money on Flights – Featuring VPNLY

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Is AI making Lewis Carroll’s Wonderland Weirder?

  • Consumer
    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    What Is a Payment Gateway and Why Your Business Needs One

    What Is a Payment Gateway and Why Your Business Needs One

    How Ethereum is changing things in the business world in 2025

    How Ethereum is changing things in the business world in 2025

    Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective

    Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective

    Everything You Need to Know About Multi-Million Loans

    Everything You Need to Know About Multi-Million Loans

    Fueling Growth: How a UK Gambling License Boosts Investor Confidence

    Fueling Growth: How a UK Gambling License Boosts Investor Confidence

    MiCA vs. GENIUS: Europe’s Crypto Surge

    MiCA vs. GENIUS: Europe’s Crypto Surge

    Why FOMO Still Drives the Crypto Crowd

    Why FOMO Still Drives the Crypto Crowd

    Understanding GBP’s Volatility Relative to EUR and USD

    Understanding GBP’s Volatility Relative to EUR and USD

    Forex

    Martingale Strategy in Forex: Theory vs. Reality in Volatile Markets

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    6 Common Admin Mistakes that Property Managers Make

    6 Common Admin Mistakes that Property Managers Make

    Property Investment Strategy

    Interest Rate Hikes and How They Impact Your Property Investment Strategy

    How Local Storage Services Make Home Organisation Easy

    How Local Storage Services Make Home Organisation Easy

    Stay safe at home: The benefits of intruder alarms in St Helens

    Stay safe at home: The benefits of intruder alarms in St Helens

    Enhancing your home projects with essential hardware selection tips

    Enhancing your home projects with essential hardware selection tips

    5 Best Lifetime Mortgage Providers in the UK

    5 Best Lifetime Mortgage Providers in the UK

    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

  • eCommerce
    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

No Result
View All Result
Today News
Home Finance

Risks Of Using Virtual Currency – The Misfortunes And The Miseries

David Prior by David Prior
June 13, 2022
Reading Time: 4 mins read
Risks Of Using Virtual Currency – The Misfortunes And The Miseries
529
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Virtual currency as a concept seems like a very tempting offer. Many trade enthusiasts even found themselves investing in Bitcoin only because it is a trend.

Bitcoin and other virtual currencies are becoming more of a religious trend than items that can actually help. No, that they cannot, but most of the time, experts speak about Cryptocurrency in such a positive light that they sometimes hide the negative part sometimes.

Related posts

What Is a Payment Gateway and Why Your Business Needs One

What Is a Payment Gateway and Why Your Business Needs One

July 21, 2025
551
How Ethereum is changing things in the business world in 2025

How Ethereum is changing things in the business world in 2025

July 21, 2025
376

Today, we wouldn’t be doing that!

If you wish to make the rightful decisions, you need to be in possession of all the facts. The information doesn’t always mean understanding the ways in which something could benefit you; it also means understanding the negative side of that situation.

After seeing all the enlisted risks of the virtual currency, if you still find yourself tempted and ready to penetrate the Cryptocurrency world, then Quantumai, as it will ensure a smooth entry.

What Is Virtual Currency

In simple terms, virtual currency is a digital representation of currency that is only present in the cyberworld. You wouldn’t be able to withdraw those currencies from a special bank because they do not exist in the real world.

Only if you are exchanging your digital currency in return for fiat money will you be able to withdraw the fiat money.

Fiat money is the normal currency that is legally accepted by your country. For example, the US dollar.

One of the most noted and celebrated digital currencies in the world right now is definitely Cryptocurrency. This currency first commenced with Bitcoin, but there are more and more altcoins(digital currencies which are not Bitcoin) that will help you understand the world of digital currency better.

But, only if you choose to get into one after reading the following risks involved in it.

Risks Of Digital Currency

Here are some of the common risks which are involved with penetrating the world of digital currency.

1. Volatile Market

This is a very volatile market, one day, the prices are skyrocketing, but the next moment you have a long span of prices falling. This can be very stressful for someone who is very devoted to the market.

This can lead them to track wrongful decisions based on fear and sometimes even gamble their earned currencies.

2. Commodity Or Currency

There is this ongoing debate about whether Cryptocurrency is even a currency or a commodity. Because it has no physical form, unless you process your Crypto into fiat currency, it still poses a lot of confusion for many.

There are even experts who believe that Cryptocurrency is not a real currency and one day it might cease to exist.

3. Growing Cybercrime

Due to the Blockchain technology of Cryptocurrency, many are protected from Cyber Activities, but that doesn’t mean these criminals are not getting smarter. They might not try to penetrate your Blockchain directly, but there are other ways.

They will lure you into phishing scams or tempt you into opening a Cryptocurrency account and accessing a fake wallet with a fake celebrity endorsement. Here is some advice, if you wish to survive in Cryptocurrency, do not make hasty decisions just because you have a fear of missing out. 

4. Just One Clash

Blockchain is simply connected computers that have the same data, and they help in the entry of new blocks. Now, just imagine one of these Blocks suddenly clashing, and all the data is gone.

This is a literal nightmare for anyone who is staking their entire passive income and investment on Cryptocurrency.

5. The Matter Of Legality

Yes, the matter of legality is a big deal for any Cryptocurrency investor. This is because it has not been deemed a legal form of the method by many central banks. Neither is it a legal trading currency as declared by the world trading center.

This is a matter of concern because one day, it might lose all its value, and you cannot do anything about it. There is no central body you can

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Cryptocurrency: Is It Really A Huge Deal For Affiliate Marketing?

Next Post

How To Use A Cryptocurrency Wallet – A Not-So-Vague Guide For Beginners!

Related Posts

What Is a Payment Gateway and Why Your Business Needs One
Finance

What Is a Payment Gateway and Why Your Business Needs One

July 21, 2025
551
How Ethereum is changing things in the business world in 2025
Finance

How Ethereum is changing things in the business world in 2025

July 21, 2025
376
Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective
Finance

Financial Literacy and Artificial Intelligence – A Psychologist’s Perspective

July 21, 2025
37
Everything You Need to Know About Multi-Million Loans
Finance

Everything You Need to Know About Multi-Million Loans

July 18, 2025
405
Fueling Growth: How a UK Gambling License Boosts Investor Confidence
Finance

Fueling Growth: How a UK Gambling License Boosts Investor Confidence

July 18, 2025
588
MiCA vs. GENIUS: Europe’s Crypto Surge
Finance

MiCA vs. GENIUS: Europe’s Crypto Surge

July 18, 2025
404
Next Post
How To Use A Cryptocurrency Wallet – A Not-So-Vague Guide For Beginners!

How To Use A Cryptocurrency Wallet - A Not-So-Vague Guide For Beginners!

RECOMMENDED NEWS

2024’s Coolest Picks for Healthcare Staff Scheduling Software

1 year ago
16
Money Transfers

Effortless Global Transactions with Tranzbase: Revolutionizing International Money Transfers

11 months ago
489
Private Investigator

A Timeline of Alleged Crimes: The Private Investigator Accused of Enabling LA’s Darkest Criminal Network

5 days ago
13
writer

Review of A High-Quality Essay Writing Service Online

1 year ago
59

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

Car Leasing Trends in the UK: What’s Driving the Boom?

Car Leasing Trends in the UK: What’s Driving the Boom?

July 25, 2025

The Rise of Remote Work: Implications for UK Businesses

July 25, 2025
Why Hire Purchase Is Popular With First-Time Car Buyers

Why Hire Purchase Is Popular With First-Time Car Buyers

July 24, 2025
Are Unsecured Loans a Good Fit for Your SME?

Are Unsecured Loans a Good Fit for Your SME?

July 24, 2025
Steps to Take After an Auto Accident for a Fair Settlement

Steps to Take After an Auto Accident for a Fair Settlement

July 24, 2025
Manufacturing Customer Transmission

Manufacturing Customer Transmission: The Hidden Revolution

July 24, 2025
Blockchain

How Blockchain Is Transforming Modern Business: The Case of Ethereum

July 24, 2025
Literature Review

Common Mistakes to Avoid When Writing a Literature Review

July 24, 2025
Testing Tools

Security Considerations in Generative AI-based Testing Tools

July 24, 2025
Legal Actions for Justice

Mass Torts: Understanding Collective Legal Actions for Justice

July 24, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Car Leasing Trends in the UK: What’s Driving the Boom?

Car Leasing Trends in the UK: What’s Driving the Boom?

July 25, 2025

The Rise of Remote Work: Implications for UK Businesses

July 25, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact