The 21st century is the century of the smart home. Soon, all our appliances and electronics will be integrated and web-ready, uploading data to the cloud and improving performance, maximizing our health, and making life more efficient than we can imagine in our wildest dreams.
If you’re considering upgrading your home to be ready for the smart home revolution, there are a few ways that you can get started. All it takes is a little ingenuity, some tech-savviness, and the right features. Read through our tech tips to gain an edge in smart home renovation!
- Voice assistants are essential
The biggest advance toward smart homes made in the past few years has been the widespread adoption of voice assistants. While voice assistants are useful on your phone, say, when you’re driving or can’t quite reach your phone and don’t want to get up, their utility doesn’t stop there.
If you’re wondering how to use your voice assistant, the answer is simple: the same way you’d use an internet search engine, but with your voice! If you have a question, simply call out to your voice assistant and ask – it’ll search the web and report back an answer in real-time.
That’s not all, however. Voice assistants can be connected up to your lights, thermostat, and even washing machine! If you’re fully connected, simply tell your voice assistant what to do next and it’ll put in the order – literally, if you’re doing voice shopping on Amazon, for example.
- Smart TVs change the game
If you don’t already have one, consider investing. Smart TVs are revolutionizing the way people interact with television. Smart TVs are connected to the internet, and allow users to watch YouTube videos, connect to all their favorite streaming services, play music, and even surf the web – all from their couch!
Many smart TVs connect up with your voice assistant, too. So, if you can’t reach the remote, there’s no need to worry; simply ask your assistant to change the channel, put on a new streaming service, or turn the TV off when it’s time for bed!
- Smart appliances amplify efficiency
Ever wonder whether you’ve bought the right groceries, only to discover right when you’re making dinner that you actually did not? Ever get frustrated when your partner changes the darkness setting on the toaster? Have you ever been concerned with the consistency or color of your morning bathroom run?
The appliances of the near future will sort all of that out for you. Refrigerators will soon come equipped with sensors that analyze that food you have in store and send you reminders when it’s time to stock up on your favorite go-to ingredients.
Toilets and bathroom mirrors may soon analyze information from your appearance or excrement and inform you about crucial changes to your health, or maybe even send a note to your doctor if there’s an emergency!
If you’re curious about this tech, consider some smart refrigerators that are already on the market, as well as smart watches that help monitor your health.
- Go renewable
Renewable energy is the way of the future – with climate change right at our doorstep, we really don’t have any choice in the matter. The fully upgraded smart home of the near future will be fully powered by renewable energy, making use of solar panels on the roof or nearby hillside that feed power back into the grid.
In windier regions with less sun, wind turbines will take over when the clouds roll in. Wind and solar power will be much more efficient, safer, and cleaner than the current fossil-fuel-burning equivalents.
Plus, if you’re worried about how your house will be powered at night or during long cloudy months, don’t worry. Battery technology is improving every year, with companies like Tesla constantly innovating. Soon, large batteries stored in the garage or shed will be able to hold several days’ worth of energy, so that even if the wind dies down and the sun goes away, all your appliances will have the energy they need to function!
You can get started on these innovations today by having solar panels installed in your home!
The house of the future is an exciting prospect; start getting your home ready today by investing in the coolest new smart home tech!
Do on-chain metrics show an overly bearish picture of the 2020 Bitcoin market?
Bitcoin’s on-chain metrics suggest that the market is overly bearish. This has been the case for most of 2020.
Up till now, on-chain metrics are considered a reliable source of data for predicting Bitcoin’s market sentiment and price. It is assumed that the Bitcoin Network needs sufficient on-chain volume in order to fuel a bull market.
The current on-chain volume is higher than the 2018 and early 2019. The price is above 10k and has sustained at that level for over 4 months in a row. Trading volume does not pose a grim picture, unlike 2018.
However, do on-chain metrics give complete information required for price prediction and making trading decisions? There are other metrics like Willy Woo’s Bitcoin network momentum, that help estimate the state of the market.
Bitcoin’s network momentum was at its peak in 2016 till the end of 2018. However, following bull markets, there is a phase where the asset gathers momentum before hitting the next peak. In 2020, the on-chain volume has increased and ranges above the 200d MA, additionally, the momentum is gathering. This phase may be labeled the accumulation phase and there are no signs of a bearish market. In fact, if Bitcoin is trading $2141 above its fair price, would it be fair to term it bullish.
Another factor that doesn’t add up in the bearish narrative of Bitcoin is the profit of Hodlers. Currently, over 83% of Hodlers are profitable, as per data from CoinMarketCap.
Hodlers are profitable to the extent that there is over $6.24 M in BTC Hodlers wallets with 100%+ unrealized profit. The Bitcoin derivatives market would give a nod to the bullish sentiment here as open interest in Bitcoin Futures has increased 40% in the past month. Despite the price volatility, institutional interest in Bitcoin has grown considerably. This is evident from the rise in open interest and daily trade volume on CME.
While on-chain metrics act as a quick reference, there are gaps in the predictions based on them. A retail trader on a spot or derivatives exchange is directly impacted by the movement of whales and institutions. Events like BTC Futures Contract expiration have an impact on the price and volume of the asset traded on spot exchanges. Considering derivatives market performance while making price predictions may fill some of these gaps.
Mike Novogratz — ‘The Herd Is Coming,’ for Real This Time
Galaxy Digital chief Mike Novogratz has been a leading voice in the cryptocurrency market. As a former hedge fund trader, he has a rare pulse on the institutional investor community and how they feel about bitcoin. During a Benzinga Boot Camp in conjunction with BlockFi, Novogratz shared his thoughts with host and podcaster Peter McCormack […]
The post Mike Novogratz — ‘The Herd Is Coming,’ for Real This Time appeared first on BeInCrypto.
Galaxy Digital chief Mike Novogratz has been a leading voice in the cryptocurrency market. As a former hedge fund trader, he has a rare pulse on the institutional investor community and how they feel about bitcoin.
During a Benzinga Boot Camp in conjunction with BlockFi, Novogratz shared his thoughts with host and podcaster Peter McCormack on how far the cryptocurrency industry has come as well as where it’s likely headed. Institutional investors, of course, will play a big role in the evolution of the market, and according to Novogratz, all signs are pointing toward go.
If you think you’ve heard Novogratz say “the herd is coming” before, in reference to the institutional adoption of bitcoin, you’d be correct. The only problem was that the “herd” continued to sit on the sidelines, afraid of dipping their toe into the crypto waters. This time, however, the Galaxy Digital insists the herd really is coming, and he offered numerous reasons for why it really is true this time. He said,
“I kept saying the herd is coming. And I was wrong. It was so slow to come. Now the herd is actually coming. And I see it, I’m getting phone calls every day. And so it’s left me very bullish on the overall space.”
Bridge to Institutions
Galaxy Digital recently took out an ad in the Financial Times to appeal to big investors. And Novogratz said the firm is “staffing up” to better connect and be a bridge with the institutional world.
MicroStrategy: His Favorite Story of the Year
If you were ever wondering what got Novogratz, a Wall Street veteran, into crypto, it was the bitcoin story. He’s a story guy, and that’s what he invested in bitcoin for the first time, as a speculative bet. His conviction has changed over time, and now he owns more bitcoin than he does gold.
His favorite story of 2020 has been one that much of crypto land is also cheering, and that is the move by MicroStrategy’s Michael Saylor to go all-in on bitcoin. He applauds Saylor for being a first-mover but adds he is waiting for the second corporate to jump in “because then it steamrolls,” Novogratz said.
Big Investors and DeFi
Novogratz is spending time on the DeFi space, where he says there’s “a lot of cool stuff happening” but not a lot of institutional money yet. He calls it a venture sandbox, similar to bitcoin years ago. DeFi is fine for smart people with capital to be deployed but institutional investors have a fiduciary responsibility to their mom and pop clients. So DeFi is not quite ready for prime time — yet.
He says as the institutions come into crypto, “they’re a lot stickier money.” As a result, there is a “changing of the guard” but not one in which one group replaces another. Instead, as the pie grows, the portion of institutions in the crypto space, which two years ago was 2%, is going to slowly start growing. Novogratz said that when it gets to 30-50%, “it’s a whole different market.”
The Galaxy Digital chief predicts that in the next two to three years, the bitcoin price will be trading at $50,000 or higher.
IRS Preempts Potential Crypto Tax Evasion with Update to Form 1040
Crypto tax evasion in the United States is about to become more difficult following the subtle change made by the Internal Revenue Service (IRS) to its form 1040. America’s tax body continues to push for greater cryptocurrency tax compliance despite lingering confusion over some of its guidelines. Plausible Deniability for Crypto Tax Evasion Out the […]
The post IRS Preempts Potential Crypto Tax Evasion with Update to Form 1040 appeared first on BeInCrypto.
Crypto tax evasion in the United States is about to become more difficult following the subtle change made by the Internal Revenue Service (IRS) to its form 1040.
America’s tax body continues to push for greater cryptocurrency tax compliance despite lingering confusion over some of its guidelines.
Plausible Deniability for Crypto Tax Evasion Out the Window
As Wall Street Journal (WSJ) reported on Sept. 25, the position of the “crypto question” on the IRS standard 1040 form now has a new “unmissable” position. A draft of the tax form published by WSJ shows the crypto query appearing immediately beneath the fields for name and address.
The new position of the crypto question appears to be a deliberate move by the IRS to prevent cases of taxpayers claiming ignorance of the existence of the question. Indeed, in its previous appearance in the 2019 form, the query appeared in an often-overlooked portion of the document.
By giving the crypto question a more prominent position on the tax form, the IRS is taking a page out of its playbook. Back in 2009, the IRS debuted a tax-return query about overseas bank accounts as part of a crackdown on tax evasion via offshore bank accounts.
As previously reported by BeInCrypto, the IRS continues to issue warnings against misrepresenting crypto holdings. In August, the tax office sent out another batch of warning letters to crypto owners in the country, further reiterating its focus on combating virtual currency tax evasion.
US Cryptocurrency Tax Laws Still Require Polishing
The IRS push for compliance aside, crypto taxation in the US still constitutes a “compliance nightmare” with several calls for a more streamlined set of guidelines. Back in August, the Congressional Blockchain Caucus called on the IRS to adopt a common-sense approach to taxing proof-of-stake.
The IRS for its part has also clarified certain matters related to the treatment of digital assets for tax purposes. In February, the tax agency stated that video game currencies like Fortnite’s V-bucks were not taxable assets.
A couple of bills currently before Congress also deal with the issue of crypto taxation. One of such bills — the Virtual Currency Tax Fairness Act — contains a provision for a de minimis tax exemption for crypto transactions below $200.
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