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A popular Portuguese technology publication, Pplware, recently began investing in cryptocurrency, after asking its readers should buy.
The publication has made its move now because it argues that the ecosystem is now more stable than it was at the end of 2017, when most cryptocurrencies reached a new historic high, then started to fall.
Pplware, one of the country's most popular technology publications, revealed that it would invest weekly in cryptocurrencies and started this week's investments with a budget of 30 euros (35.9 dollars). He plans to share his experience with his audience, while helping his readers learn to invest in cryptocurrency.
In an article announcing his move, he explained his objectives (roughly translated):
"The goal, of course, will be the possible return on investment, to understand the technologies that support this still largely unknown reality."
The publishing team used Coinbase to buy Bitcoin in euros. The € 30 invested was worth 0.0037 BTC, bought at € 7,710.53 per piece. The funds were then sent to Binance, the largest cryptocurrency exchange in the world. Pplware split his BTC and bought two cryptocurrencies, ICON and Cardano.:
"Based on our research and feedback from readers, we found it worthwhile to invest in Cardano (ADA) and ICON (ICX), third generation decentralized cryptocurrencies, Blockchain 3.0 , with good arguments to increase their value and be relevant in the future. "
The investment had the publication 44 tokens ADA, and 3.84 ICX. The funds were not transferred out of the cryptocurrency purse because the publication argued that it would sell them in a short period of time, and wanted to avoid paying additional fees.
This decision comes at a time when the Portuguese parliament is expected to discuss cryptocurrency payments, with the aim of adopting a new legal framework for encryption services, while ensuring the security of users using these services.
The adoption of cryptocurrencies is apparently spreading around the world. As recently covered, a Singaporean startup developing "smart tickets" for Bitcoin has launched sales of physical Bitcoin banknotes in a large shopping center in order to promote adoption.
Last month, CCN reported that retailers' adoption of bitcoin is increasing in the United States and Canada, despite the persistence of cryptocurrency price declines. Since then, most cryptocurrencies have recovered. As the press time, bitcoin is trading at $ 9,888, according to the price index of CCN.
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