ASX-listed Zuleika Gold has consummated a mineral rights acquisition deal with Wingstar Investments that will allow the junior explorer to gain the gold rights of two highly prospective mining leases in the revered Menzies district of Western Australia. The company says the acquisition is consistent with its objective of consolidating its landholding at Menzies along the highly prospective granite/greenstone contact and proximal to the extensive gold deposit of the Menzies Green Stone belt.
The agreement will see Zuleika gain the exclusive rights to conduct gold exploration and mining on the acquired leases located in the North Coolgardie gold field in the Menzies district. The company will pay Wingstar a consideration of 500,000 fully paid ordinary shares for the acquisition of the gold rights.
According to Zuleika, the deal will run for an initial two years from the date of settlement and includes an option to extend for up to an additional four year period.
This agreement with Wingstar is consistent with our objective to consolidate Zuleika’s tenements in prospective areas. Our tenements now cover more of the gold prospective granite / greenstone contact adjacent to the Menzies Gold Fields. We have undertaken detailed auger soil programs, which has defined anomalous gold targets which will be tested with aircore drilling in the December quarter and can be expanded into the new areas under the Wingstar agreement.
With many in the industry looking to draw the curtains on their 2021 programs, Zuleika appears to be picking up the pace. It recently fired up the rig at its flagship Zuleika and Credo projects near Kalgoorlie where the company is attempting to zero-in on a suite of priority prospects. The plan is to sink in 8,000 metres of aircore and RC drilling following up on solid hits from previous drilling where results included an 11m intersection going 1.3 grams per tonne gold from 40m including a 1m strike going 7.16 g/t gold at 40m from 1m re-splits.
Zuleika has a steely-eye gaze about its exploration efforts and seems thoroughly determined to fully test its ground. It has already plunged about 20,000m across its projects this year and it has another 10,000m on the cards. Zuleika says its work to date has confirmed the prospectively of its projects and that it intends to methodically test its targets for extensions to mineralisation.
With two new mining leases adding to the company’s highly prospective ground in the mineral-rich Menzies district of Western Australia, Zuleika’s recent acquisition could turn out to be a very handy pick up.
Is your ASX-listed company doing something interesting? Contact: firstname.lastname@example.org
Sign up for our emails
Find out More
© West Australian Newspapers Limited 2021
You Can Buy Crypto on Venmo and Robinhood. Read This Before You Do – NextAdvisor
Upgrade Bitcoin Rewards Card: 1.5% Back in Bitcoin, but Crypto Rewards Are Volatile
Watch Out for This New Crypto Scam, the FTC Warns. Here’s How to Protect Your Investments
We Asked 10 People About Their 2022 New Year’s Money Resolutions. Here Are Their Goals, and How You Can Meet Yours
Crypto Was a Popular Gift Last Year. Here’s What You Should Know About the Tax Implications
Bitcoin Doubled Its Value in 2021. Here’s a Look at Its Price Over the Years
There Are Thousands of Different Altcoins. Here’s Why Crypto Investors Should Pass on Most of Them
Bitcoin Will Hit $100,000, According to Experts. Here’s What They Predict in 2022
Two Things Crypto Investors Should Know About the Infrastructure Bill President Biden Signed
Scammers Stole $14 Billion in Crypto in 2021. Here’s How Investors Can Protect Their Coins
The Biden Administration Wants New Legislation to Regulate Stablecoins. Here’s What That Means for Investors
Kendall Little is a journalist covering personal finance for NextAdvisor based in New York. Previously, she was…
For proof of investors’ growing interest in cryptocurrency, look no further than the financial apps already on your phone.
Digital payment giants PayPal, Venmo, and Cash App — along with mobile stock-trading platform Robinhood — are making it easier to invest in cryptocurrency than ever before, with options to buy and trade coins within their apps.
But even if you feel more secure buying crypto with an app you might already use over a cryptocurrency exchange you’ve never heard of, the risk and volatility remains. Some of these mainstream players are also far more limiting in what they offer than traditional cryptocurrency trading platforms.
Here’s what you need to know about buying crypto outside of cryptocurrency exchanges, and how to decide what makes the most sense for you.
Apps like PayPal and Venmo make accessible entry points for crypto novices to dip their toes in the water. And, depending on how you already use the apps, their offerings may be well-suited to your knowledge base and interests.
For example, someone with zero knowledge but a few dollars to spare might find an exchange like Gemini confusing, but may be willing to buy some Bitcoin through their Venmo account just to experiment as they start to learn.
In general, experts say these apps can be great places to start if you’ve decided it makes sense to invest in cryptocurrency, but don’t quite understand all the different types of crypto, how an exchange works, or different storage options.
Whereas using a more traditional exchange might seem complicated, you can just log into your account and buy what you want without having to worry about it, says Tyrone Ross, financial advisor and CEO of Onramp Invest, a crypto investment platform for financial advisors. “For newbies, I really suggest going to PayPal, Venmo, Cash App types of places, because they make it as simple as possible.”
Even for investing pros, cryptocurrency can be daunting. Personal finance expert Suze Orman recently told NextAdvisor about her first attempt. “Truthfully, I didn’t really know how to buy a large amount of Bitcoin and crypto,” she says. “Coinbase was aggravating me, I had bought a little bit of it and then I sold some, but it was just too complicated for me — even though it’s not complicated at all.”
She instead decided to invest indirectly, through stock in companies with crypto holdings, but she’s recently come back around to buying crypto, this time on PayPal. “I own now $5,000 in Bitcoin, and I do it through PayPal because it was just easy to do it,” she says.
There are some important distinctions between using a fintech app to buy crypto versus a traditional exchange like Kraken or Crypto.com, largely involving ways you can (or can’t) transact, and limitations on where you can keep the crypto you buy.
Payment Platforms and Cryptocurrency
PayPal, Venmo (which is owned by PayPal), and Cash App each operate a bit differently when it comes to crypto. Each of these apps offer different coins, and various fee schedules for buying and selling crypto. While Cash App does allow you to move your coins off the platform or move Bitcoin you hold elsewhere into your account, that’s not an option on PayPal or Venmo.
Robinhood offers a few types of cryptocurrencies (like Bitcoin, Ethereum, Bitcoin Cash, and even Dogecoin), which you can buy and sell within the app. Like its other investment options, a big perk of trading crypto on Robinhood is a lack of fees, which can widely vary among traditional exchanges.
Its accessibility as an investment platform is a big draw for many — whether they’re investing in crypto or the stock market — but it’s also what can make Robinhood riskier. It’s been criticized for making trading too game-like and encouraging volatility through active trading, rather than long-term investment growth. Just like stock trades, approaching an already-speculative asset like crypto with that mindset can make your investment even more of a gamble.
When it comes to crypto specifically, Robinhood recently announced it’s creating its own digital wallet for its crypto users. Previously on Robinhood, you couldn’t move your private key (the encrypted code that grants access to your cryptocurrency) into your own wallet, or trade on an exchange like Coinbase. For believers in the crypto mantra “not your keys, not your coins,” that was a major drawback.
Still, not many details have been released about Robinhood’s wallet, including fees, specifics around security and private and public keys, or any other features.
Whether you’re considering Robinhood or an app like Venmo, remember that cryptocurrency is highly volatile. Even if you’re just putting in a few dollars to experiment, it’s smart to approach your investment with a long-term mindset — once you’re sure it won’t stand in the way of your other financial goals — and be prepared to buy and hold over time rather than participating in active trading.
Even the more popular cryptocurrency exchanges — like Coinbase and Gemini — may not be platforms you’ve ever heard of or trust with your financial information. And others are simply difficult to navigate, making the process of buying crypto even more complicated for beginners.
Because there’s little federal regulation, it can be difficult to evaluate how secure or reputable a traditional crypto trading platform is. While apps like Venmo or PayPal can’t protect your crypto holdings under FDIC insurance like they can your cash, familiarity with these apps can make the experience a bit simpler — maybe you already have your financial information linked, or the user interface is just more familiar.
“How much transaction volume and transparency into their financials and business operations I really think is the stuff you want to look at,” says Douglas Boneparth, a financial advisor and president of Bone Fide Wealth in New York. “Are most people going to do that? No, they’re going to find the easiest app to download and link their bank account, and make it easy to buy crypto again. That’s kind of the appeal of mobile apps [like PayPal and Cash App] and the like.”
But many experts view the apps as a jumping off point, not necessarily somewhere they’d recommend you keep your coins long-term.
“It’s going to be a great way to get people introduced to the crypto space,” says Spencer Montgomery, founder of Uinta Crypto Consulting, a program for new investors to learn about crypto. But as they become more involved, “I expect that a lot of them, as they see success with it, will want to learn more, and as they learn more they’ll realize that there are better ways to be buying Bitcoin and move off of that.”
At some point, you may decide you do want control over your keys and your coins after all — and that’s why a more traditional exchange may be a better choice. For example, if an initial investment later saw a significant increase in value, you might want to move your crypto offline for greater security from cyber threats — something that wouldn’t be possible on Venmo or PayPal.
If all your crypto is on a platform that doesn’t allow offline storage, your only option is to keep it and put more money in on another exchange — leaving your assets in multiple places — or sell what you have at the current price before buying elsewhere.
If you choose an exchange like Coinbase from the start, which offers the option to keep your coins on the platform or trade and store them on your own, it can be much simpler to ease into those activities if you want to in the future.
It all comes down to the learning curve. “Exposure leads to expansion,” Ross says. “As you’re exposed to the space and you learn more and you get into the crypto economy, you’re going to realize, oh wait, there are all these other things I can do.”
Whatever option you choose, just remember that cryptocurrency is still a highly speculative asset. It can be a worthwhile way to diversify your portfolio, even if you’re just experimenting, but you should only invest what you’re prepared to lose.
No matter whether you put a few dollars into Bitcoin through Venmo, or you’re prepared to buy on an exchange and hold your coins in an offline wallet, only do so after you have your other financial priorities in order, like an emergency fund and traditional retirement plan.
Learn all about finances in next to no time with our weekly newsletter.
In your inbox every Tuesday
Thanks for signing up!
We’ll see you in your inbox soon.
Tell us what you think
Did this article answer your questions?
Time is Up!
Let us know what questions you still have about this topic or any others.
Time is Up!
Thanks for your feedback!
Before you go, sign up for our newsletter to get NextAdvisor in your inbox.
Thanks for signing up!
We’ll see you in your inbox soon.
8 min read
6 min read
6 min read
5 min read
At NextAdvisor we’re firm believers in transparency and editorial independence. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by our partners. We do not cover every offer on the market. Editorial content from NextAdvisor is separate from TIME editorial content and is created by a different team of writers and editors.
Subscribe to our newsletter
Thanks for signing up!
We’ll see you in your inbox soon.
Bitcoin's Dominance of Crypto Payments Is Starting to Erode – TIME
Consumers and businesses are increasingly starting to use digital tokens other than Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world.
Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020, the company told Bloomberg. Ether purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 — Dogecoin, Shiba Inu and Litecoin — accounted for 3%.
The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments. Consumers also tend to move to stablecoins — whose value is supposed to stay steady — when crypto prices drop, and they’ve been falling since early November. Coins like Doge also made a splash last year, thanks to fans like Tesla Inc. Chief Executive Elon Musk, who on Friday said the token can be used to buy the company’s merchandise.
With Bitcoin’s price rising 60% last year, despite the fourth-quarter volatility, many investors may also have chosen to hold onto the world’s biggest cryptocurrency instead of spending it. Many remember Bitcoin’s first commercial transaction, in which a programmer spent Bitcoins now worth billions on two pizza pies.
When they did spend their crypto, many bought luxury good like jewelry and watches, cars, boats — and even (cover your ears) gold, which Bitcoin — touted as digital gold — is supposed to replace, according to BitPay. The Atlanta-based private company’s transaction volumes related to luxury goods surged 31% last year from 9% in 2020, said Chief Executive Officer Stephen Pair. The company’s overall 2021 payment volumes rose 57% year over year.
BitPay was founded in 2011, when few companies accepted digital coins. Today it processes an average of about 66,000 transactions per month. That’s a tiny fraction of, say, Visa’s volume: The credit-card network processed 206 billion transactions in the year ended June 30, 2021.BitPay, with its $1 billion in annual transaction volume and 80 employees, helps companies ranging from Microsoft Corp. to AT&T Inc. accept cryptocurrency payments.
It can also serve as an industry barometer. At least so far, the recent downturn hasn’t affected crypto investors’ spending habits as much as in the crypto winter of 2018, Pair said. While luxury spending has been hit, the overall declines have been much smaller, he said — perhaps a sign of confidence that the current downturn could be short-lived, or that crypto has a much broader base of users.
“Our business ebbs and flows to some degree with the price, when the price goes down, people tend to spend less,” Pair said. “We have not experienced as much of a decline in volume with this recent pullback. It’s probably just a reflection of more and more companies that need to use this as a tool to conduct payments.”
More merchants are accepting crypto payments now. Last year BitPay began working with VeriFone to accept digital coins at its terminals at various stores.
For its part, BitPay is showing signs of confidence as well. It just appointed Jim Lester its first-ever chief operating officer to expand the business. Lester previously headed startup ThingTech, and was also senior vice president of product management, strategy and marketing at Fiserv Inc.’s electronic billing and payments division.
A growing list of companies including PayPal Holdings Inc. are stepping into crypto payments as well, showing the payments market’s growth potential.
“PayPal getting into this space has been great for our business, because it causes companies to start asking the question of should they accept crypto payments,” Pair said. BitPay had close to 50% revenue growth last year, he said.
The company has raised $72 million from the likes of Index Ventures and Founders Fund. It doesn’t expect to go public, raise another funding round or sell in the near term, though it has talked about an IPO internally, Pair said.
“We really like where we are strategically,” Pair said. “This space is still very young. A lot of it has to do with what we think about timing. In the next couple of years we are likely to see very substantial growth.”
Contact us at email@example.com.
SHIB Crypto News: The CoinMarketCap Update Frustrating Shiba Inu Fans – InvestorPlace
Copyright © 2022 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201.
Shiba Inu is starting a Twitter war with CoinMarketCap over incorrect addresses
It’s no everyday occurrence for a cryptocurrency to start a Twitter (NYSE:TWTR) war with one of its largest price-tracking websites. However, that’s exactly what’s happening this morning with pupcoin Shiba Inu (CCC:SHIB-USD) and price reference site CoinMarketCap. Indeed, the SHIB crypto is catching headlines today with its latest internet tiff.
So, what do you need to know about the Shiba Inu debacle today?
Well, on Thursday, Jan. 13, the official Shiba Inu Twitter made a statement challenging recent actions by CoinMarketCap. SHIB accuses the site of knowingly listing three apparently fake contract addresses for the crypto, for Bep20 (CCC:SNM-USD), Solana (CCC:SOL-USD) and Terra (CCC:LUNA-USD). It went on to state that CoinMarketCap ignored communication requests and expressed its disappointment with the website.
Official Statement regarding the recent actions by @CoinMarketCap . pic.twitter.com/DXP2wZRhYC
— Shib (@Shibtoken) January 13, 2022
The @Shibtoken account followed up with two more tweets elaborating that “$SHIB is an ERC-20 Token Only!” Additionally, the account requested the #ShibArmy to remain “calm and professional” while they wait for a resolution.
CoinMarketCap has responded publicly, denying the claims. How will this latest crypto conflict conclude?
CoinMarketCap took no time in refuting the injurious claims against them with its own clarifying tweet.
For the avoidance of doubt, the addresses are not malicious. There is precedent for us to publish the contract addresses for wrapped assets because it would ultimately streamline the user experience and facilitate cross-chain transactions.
— CoinMarketCap (@CoinMarketCap) January 14, 2022
In addition to the tweet, the site added a notification to the top of its Shiba Inu page. It reads:
“Please note that the non-ETH contract addresses on this page are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this asset.”
CoinMarketCap’s defense isn’t without precedent. The practice of including wormhole addresses for wrapped versions of cryptos is common.
Fortunately for Shiba Inu, crypto bulls seem unbothered by the news. The token is up more than 3% so far today, despite the controversy. However, whether the address mix-up will be a thorn in SHIB’s side or not remains to be seen.
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/01/shib-crypto-news-the-coinmarketcap-update-frustrating-shiba-inu-fans/.
©2022 InvestorPlace Media, LLC
Stocks to Buy
Best Crypto & Blockchain Right Now
Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright © 2022 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201.
Not Yet a Premium Subscriber?
How To?2 months ago
Register now for winter-spring 2022 ORICL courses – Oak Ridge Today
How To?2 months ago
News blog, November 18: Nearly all restrictions to stop from 11.59pm; an Everest challenge for a good cause – Shepparton News
Mobile2 weeks ago
Pixel 6 looks to debut the Gboard ‘Assistant voice typing’ experience first demoed at I/O 2019 – 9to5Google
How To?2 months ago
How to use technology in your life? – The Times of India Blog
Games1 month ago
Coin-Op Management Sim Arcade Paradise Teases Minigames in PS5, PS4 Trailer – Push Square
Games2 months ago
Amazon Games switches off New World's entire economy after players discover duping glitch – PC Gamer
Tech3 months ago
Facebook is now Meta! Metaverse good or bad?
Mobile3 months ago
Google Pixel 6 and 6 Pro hands-on