Lending
Lending is one of the most popular ways of passive income. Cryptocurrency lending is a form of Decentralized Finance (DeFi) where investors lend cryptocurrencies to borrowers in exchange for interest payments. The transferred funds are locked in a smart contract. Crypto exchanges find it profitable to deal with such investors, because lending increases the liquidity of the exchange’s capital. One example of such an exchange is Binance. It offers two types of lending - flexible terms contracts and fixed terms contracts. A flexible terms contract has low interest rates, and you can withdraw or add funds at any time. A fixed terms contract is set for a fixed period of time (10, 15, 30 days etc.) and has much higher interest rates then flexible terms contracts, but you cannot withdraw funds until it expires.
Staking
Staking is another effective way to receive passive income. It means locking crypto funds in the Proof of Stake algorithm (PoS) to support the operations of the blockchain network. The token holders earn rewards in coins for doing so. Only cryptocurrencies using PoS, such as EOS, Tezos, Tron, and Cosmos - allow staking. Using staking depends on the investment strategy. Staking is an excellent additional source of income. However, a holder of the crypto asset should understand that it is impossible to sell the token for a long period of time. It can bring investors from 3% to 15% returns per annum. Tokens that have a medium-term uptrend are the most promising for staking.
Crypto funds investment
Investing in reliable cryptocurrency funds is the third way to earn income passively. It is more suitable for beginners. A lack of experience in trading is not a problem, as you can entrust your assets to a crypto fund and make a profit. When dealing with them, the main risks are negotiated in advance. That is why, you don’t have to worry about your assets. Traders are recommended to learn about the fund's reputation before starting out.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
