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Year in review: Rosetta mission hits its target

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Make Me Smarter About Crypto: What You Need to Know Before Investing

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alex
Technology
07 March 2025

Cryptocurrency, Really

(BBR)  Cryptocurrency is no longer just a buzzword—it’s a multi-trillion-dollar market reshaping finance, investing, and even business operations. But let’s be real: crypto can be confusing. If you’re tired of hearing about Bitcoin, Ethereum, and NFTs without fully understanding them, this article is for you.

At Black Business Review (BBR), we believe knowledge is power, especially when it comes to money and investing. So let’s break it down—no hype, no fluff, just straight facts to make you smarter about crypto.


1. What is Cryptocurrency, Really?

At its core, cryptocurrency is digital money that operates on a blockchain—a decentralized, secure ledger that records transactions. Unlike traditional money, crypto isn’t controlled by a bank or government. Instead, transactions are verified by a network of computers (miners or validators), making it transparent and (theoretically) resistant to fraud.

The Big Players in Crypto

  • Bitcoin (BTC) – The first and most valuable cryptocurrency, often called “digital gold.”
  • Ethereum (ETH) – A blockchain platform that powers smart contracts and decentralized applications.
  • Stablecoins (USDT, USDC, DAI) – Pegged to the U.S. dollar to reduce volatility.
  • Altcoins (Solana, Cardano, XRP, etc.) – Alternative coins with unique features.
  • Meme Coins (Doge, Shiba Inu, etc.) – Risky, community-driven tokens that gain popularity through social media hype.

2. How Do People Make Money with Crypto?

Crypto isn’t just about buying and holding—there are multiple ways to profit.

1. Buy and Hold ("HODLing")

  • Long-term investors buy Bitcoin or Ethereum and hold it for years, expecting prices to rise.
  • Historically, Bitcoin’s value has increased dramatically over time, but it’s still volatile.

2. Trading (Short-Term Buying & Selling)

  • Traders buy low and sell high within days or even minutes.
  • Requires technical analysis (reading charts and market trends).
  • High risk, high reward—80% of traders lose money.

3. Staking & Yield Farming

  • Some cryptos (like Ethereum, Solana) let you stake coins to earn passive income.
  • Yield farming involves lending crypto on platforms like Aave or Compound to earn interest.
  • Caution: Some platforms have collapsed due to hacks or bad management.

4. NFTs & Metaverse Investments

  • Non-Fungible Tokens (NFTs) are digital assets stored on the blockchain.
  • The Metaverse is a digital world where users can own land, art, and virtual goods.
  • The hype has faded, but opportunities still exist in Web3 gaming and digital real estate.

5. Investing in Crypto Startups (ICO & IDO)

  • Some investors get in early on new crypto projects via Initial Coin Offerings (ICO) or Initial DEX Offerings (IDO).
  • This is high risk—many projects fail or turn out to be scams.

3. The Risks of Crypto (Don’t Get Burned!)

Crypto is exciting, but it’s not a guaranteed money-making machine. Here are the biggest risks:

1. Volatility

  • Crypto prices can swing wildly—Bitcoin once dropped from $64,000 to $30,000 in weeks.
  • Only invest what you can afford to lose.

2. Scams & Hacks

  • Rug Pulls: Developers create a token, hype it, then disappear with investors’ money.
  • Ponzi Schemes: Projects promise unrealistic returns (if it sounds too good to be true, it is).
  • Exchange Hacks: Some crypto platforms have been hacked, leading to billions in lost funds (e.g., Mt. Gox, FTX).

3. Regulation & Taxes

  • Governments are cracking down on crypto. Some countries have banned or restricted its use.
  • Crypto is taxable in the U.S.—the IRS wants a cut of your gains.

4. How to Get Started Safely

Ready to jump into crypto? Follow these smart steps:

Step 1: Choose a Secure Exchange

  • Use reputable exchanges like Coinbase, Binance, or Kraken.
  • Avoid unknown platforms—many have collapsed due to fraud.

Step 2: Get a Crypto Wallet (Not Your Keys, Not Your Coins!)

  • Hot Wallets (Online): MetaMask, Trust Wallet (convenient but riskier).
  • Cold Wallets (Offline): Ledger, Trezor (best for security).
  • Keeping your crypto off exchanges protects it from hacks and collapses.

Step 3: Start Small & Diversify

  • Don’t go all in! Start with $100–$500 and learn.
  • Diversify: Bitcoin and Ethereum are safer than meme coins.

Step 4: Stay Informed

  • Follow CoinDesk, CoinTelegraph, and Twitter/X influencers for news.
  • Avoid hype—do your own research before investing.

Final Thoughts: Should You Invest in Crypto?

Crypto has created millionaires and bankrupt investors—which side you land on depends on your knowledge, strategy, and risk tolerance.

  • If you want stability, crypto may not be for you.
  • If you’re willing to learn and take calculated risks, crypto offers opportunities.
  • If you chase hype without research, you’ll likely lose money.

The key? Stay educated, stay cautious, and invest wisely.

For more financial insights and business strategies, keep following Black Business Review (BBR)—where smart money moves start with smart knowledge.

breakingnews

Stacey Abrams named Howard’s 1st race, Black politics chair

Details
alex
Mathematics
07 April 2023

Stacey Abrams named Howard’s 1st race, Black politics chair

Her appointment aims to honor the legacy of the late activist, scholar, and educator Ronald W. Walters.

Former Georgia gubernatorial candidate Stacey Abrams has joined the faculty of Howard University in Washington, D.C.

Abrams, 49, has been appointed the Ronald W. Walters Endowed Chair for Race and Black Politics at the historically Black university, the school announced Wednesday, NPR reports.

Beautiful Noise Live - Equality On The Ballot Panel
Stacey Abrams speaks onstage during the Beautiful Noise Live Equality on the Ballot panel on Sept. 19, 2022, at Buckhead Theatre in Atlanta. (Photo by Marcus Ingram/Getty Images)

Her appointment aims to honor Walters’ legacy. His 25 years as a Howard University professor were marked by his leadership and expertise in issues of race and politics. It was his activism that influenced the organizing of the country’s first lunch-counter sit-in in Kansas in 1958, according to The Washington Post.

 

During the Rev. Jesse Jackson’s two presidential campaign bids, Walters served as campaign manager and consultant. Walters died in 2010 at the age of 72.

“I am honored to serve as the inaugural Ronald W. Walters Endowed Chair for Race and Black Politics, having had the privilege of knowing and learning from Dr. Walters,” said Abrams in the university’s news release.

In her new role, “Abrams will foster interdisciplinary collaborations across the University on critical issues of race and Black politics,” per the news release, “especially those issues that affect Americans of the African diaspora.” Also, she will facilitate the Ronald W. Walters Speakers Series, which will feature invited guests on a variety of topics.

“Stacey Abrams has proven herself an essential voice and eager participant in protecting American democracy — not just for certain populations, but for everyone with the fundamental right to make their voices heard,” Howard University President Wayne A. I. Frederick said in the news release.

Abrams’ multi-year appointment will begin in September.

“As the inaugural Ronald W. Walters Endowed Chair, Ms. Abrams’ selection not only honors the work and legacy of renowned political strategist and scholar Dr. Ronald Walters, it expands on that legacy by bringing Howard students in dialogue with a contemporary candidate whose work has directly influenced today’s political landscape,” Frederick said in the statement.

 
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Year in review: Rosetta mission hits its target

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Medicine
25 March 2023
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Netflix to let viewers pick how TV episodes and movies will end: Bloomberg

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Alex
Technology
27 March 2023

(Reuters) - Streaming giant Netflix Inc will now allow users to choose how a TV episode or movie will end as it pushes further into Interactive TV, Bloomberg reported on Monday.

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