Forbes recently interviewed Cardano creator Charles Hoskinson. He spoke about the future conquests and growth opportunities for the third-generation blockchain. Hoskinson told the media that the firm is planning to complete many ongoing projects that were put in motion since 2016. The year 2021 would see the blockchain getting major upgrades in terms of independent decentralization, metadata standards, token issuance, smart contracts, a stack of governance, and many more.
The IOHK CEO claims that the crypto enterprise has accomplished many big feats during Q1 and would be busy to make others a real success in the distant future. He emphasized the launch and significance of the Alonzo testnet that is going to enable the capabilities of the smart contract of Cardano. Hoskinson was also excited about the issuance of 10,000 tokens in the month and called it a huge accomplishment.
Is Cardano an Ethereum Rival?
In the past, Hoskinson fully endorsed the title of “Ethereum Killer” bestowed by the crypto community. He has claimed on many occasions that many digital assets are willing to leave the Ethereum ecosystem and join Cardano. However, the number of transitions is not very visible for the time being. The enthusiastic crypto creator is once again ready to embrace the challenge.
In his recent Forbes interview, he told the media that the Cardano team is focusing on nation-states and getting ready to introduce some massive transitions. He also exclaimed that the blockchain is currently using the push model to introduce millions of new users to the platform. He seems optimistic about the challenging Ethereum’s position in the market by introducing DeFi, the NFT market, and many more facilities that Ethereum provides its users.
Cardano Partners with Leading Payment Processor Company
Simplex is counted among the biggest fiat payment gateway facilitator in Europe. Cardano has recently announced a partnership with Simplex to introduce better reach in the market. With the help of Simplex extensions, users would be able to convert their fiat currency into ADA. Simplex users can get access to several crypto exchanges, custody services, staking ecosystems, and digital wallets to acquire the native token of Cardano.
The range of Simplex is very liberating for the users as it works with hundreds of cryptocurrencies and dozens of selected cryptocurrencies. This massive range would play an important role in increasing the liquidity and market distribution for Cardano. Off-ramps and on-ramp fiat conversion are also an option. Simplex joined digital payment giant VISA last year. The crypto investors who are looking to diversify their portfolio with ADA would be able to raise their stakes with a debit card, credit card, Apple Pay, SEPA, and SWIFT.
from CryptocyNews.com https://www.cryptocynews.com/cardano-creator-says-that-the-blockchain-is-going-to-achieve-big-goals-in-2021/
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The layer of fair trust that was the normal greet for the flagship currency Bitcoin among the crypto market and investors seems to be fading away. Despite rapid adoption, the trust of financial sectors and analysts seems to be dwindling around Bitcoin as a UK’s private bank Kleinwort Hambros has cast its vote of confidence not for Bitcoin but for Ethereum. The investment chief, Fahad Kamal, has shown some pretty serious reservations when it comes to Bitcoin, the cryptocurrency with the highest market cap. He believes that Bitcoin’s current position as the top cryptocurrency might be taken over by some other in a period of ten years and his reservations are pretty identical to what happened with the dot com war back in 1997.
Bitcoin might not be the Leading Cryptocurrency a Decade from now
In 1997 the idea of a thoroughly connected world with the help of the internet took over the technological sector by storm, and Netscape Navigator came out to be a flagship search engine of that time cherished and used by people all over the globe. Consider Netscape Navigator as Bitcoin, but in the upcoming years, Google and Microsoft took over, and there was not even a single user of Netscape Navigator after the dominancy of Google and Microsoft’s search engine was completed. According to Fahad, the same is about to hit Bitcoin, and it might be the cause of immense hurt not only for the crypto market but also for the investors who have poured in heavily into Bitcoin.
The advancements and competition proposed by the blockchain and decentralized mechanics are bound to escalate, which will definitely take some shining out of Bitcoin as the flagship or world’s first cryptocurrency, and there would be some other competitor taking its position. Due to Bitcoin’s current use cases, there are no regulations in place to stop its use for money laundering, which calls for immediate regulatory attention. Other than that, the electricity consumption that leads to the mining of Bitcoin is unreal and needs to be given a serious thought. These things mixed with others only strengthen the idea that Ethereum or some other cryptocurrency might overtake Bitcoin because of its design and use cases.
from CryptocyNews.com https://www.cryptocynews.com/uks-private-bank-has-reservations-about-the-continuation-of-bitcoin-as-a-cryptocurrency-ten-years-from-now/
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JP Morgan, which is an American bank, was up to their skiff, commenting any chance they get against the idea of cryptocurrencies and even called Bitcoin a fraud scheme that was there to rob investors and people of their money. But now see how the times have turned, and JP Morgan has also come around the idea of cryptocurrencies by reassessing their financial priorities. Earlier it was decided that they will provide crypto trading-related services to their elite clientele, and then the talks of rolling out their first Bitcoin fund were out in the open.
The JP Morgan Chase group has not officially confirmed it, but there are reports and sources provided by CoinDesk that the Bitcoin funds are in the works and will be made available to wealthy clients at the moment. These wealthy investors and clients of JP Morgan Chase will test the funds, use these to invest and trade in real-time with Bitcoin and see how well it does for them. The current requirement to get your hands on this fund is to have enough money present in your JP Morgan Chase bank account, which would make you eligible to have a fair piece of this new fund. If everything works out, then the entirety of this fund will be extended to other clients as well, but given the volatility of the crypto market and the current crash that Bitcoin is going through, it seems highly unlikely.
Bitcoin Fund Coming Soon
That is why JP Morgan is trying out this fund with the high-profile and wealthy clients that can afford to go through with it even if things don’t pan out as intended. The process of paying back the crypto taken from the fund will then be talked about/discussed by the client and JP Morgan Chase staff.
JP Morgan Chase, if they could work out this Bitcoin fund and make the best of it, then they would become the first American bank to be working with Bitcoin as an official asset. It is only feasible that other banks and financial institutions will be chiming into it if this fund works out. Before long multiple funds will start and be made available; let’s hope the decentralized essence of this whole scenario doesn’t get dissolved in all that.
from CryptocyNews.com https://www.cryptocynews.com/jp-morgan-might-be-bringing-its-first-bitcoin-fund-this-summer/
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Bitcoin having the worst week in terms of sticking with the current pricing decided to take a hike down south and really affected the stability of the crypto market. Despite all that, the adoption rate for Bitcoin is simply amazing as many enterprises and financial sectors out there have decided to incorporate Bitcoin as one of their dedicated payment option to provide ease and convenience to their users. Following the same trend PayPal, the payment processing system, has decided to provide its users with a specified section where they can hold cryptocurrencies such as Bitcoin and such and get on with its selling/buying and even trading.
Bitcoin might Revolutionize the Financial Infrastructure of the Future
According to PayPal’s CEO, facilitating the use of digital assets such as Bitcoin is necessary as this is the only way to move forward. PayPal has a stable number of customers at the moment, and the transaction volume each year seems to be rising; still, the trend might not resonate profoundly with the enterprise’s numbered estimate ten years from now, and this is what worries them the most. E-commerce, along with performing transactions, has been revolutionized with the availability of decentralized finance; it is faster, it is cheap, and above all, it is secure. People are already interested in it, and adopting this system faster than any other mode of payment solution in the past has been adopted.
It only seems likely that in the future other payment processing systems such as PayPal would become obsolete along with making wire transfers, using credit cards, and writing checks as well. That is why adding cryptocurrencies as the core digital asset into PayPal’s platform is the only way forward, and only time will tell how right the decision was. According to Dan Schulman, the CEO of PayPal, the current system is inefficient and calls for modernization, and at present, the essence of modernization cryptocurrencies and blockchain as their ultimate platform has to offer can’t be neglected as well.
S0, why can’t both of them fall into place and make things even convenient than ever for the consumers? In these trying times of COVID-19, people have already shifted towards digital payment solutions and cryptocurrencies to make payments; it is only going to get more intensified in the future; that is why proper steps are to be taken today.
from CryptocyNews.com https://www.cryptocynews.com/paypals-ceo-thinks-that-bitcoin-is-going-to-revolutionize-the-current-financial-system/
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The gold bug sees a window of opportunity and strikes back at the crypto world. Peter Schiff, the well-known Bitcoin cynic and Gold advocate, has raised his head out of the slump and sparked a massive sensation in the crypto world once again. Schiff has been trolled in the past by Bitcoiners for his abrasive commentary on the crypto transition and his pro-gold remarks. However, this time the Gold aficionado seems to be taking a different position.
In a recent tweet, Schiff accused Grayscale of manipulating the price value of the flagship cryptocurrency. He claims that the largest Bitcoin holder in the world is trying to affect the rates of the leading coin in the market to make more profit in premiums. The CEO of Euro Pacific Capital says that Grayscale is using GBTC product as a cover to get personal price leverage in the market.
Peter Schiff is now Advocating for the Benefit of the Crypto Holders
While father Schiff has always maintained a strict stance towards digital assets and DeFi, the junior Schiff has been bit by the Bitcoin bug. Spencer Schiff has reportedly decided to move 100 percent of his reserves into Bitcoin. While the decision does not sit well with Schiff senior, he cannot help but put his best efforts to reserve the wealth within the family. The 13.88 percent discount to Net Asset Value (NAV) of GBTC does not sit well with Schiff.
Peter Schiff claimed in his recent tweet that Grayscale does not have any interest in increasing the overall value of the GBTC shares. It seems to be more concerned with charging the clients with extra cash. Grayscale has been able to purchase Bitcoin for a lower price the investors who want to gain exposure to the digital assets have to purchase it many times higher.
Schiff Calls out Michael Saylor to a Debate
Peter Schiff’s last remark about lowering the position of Grayscale shares has once again put him under the line of critic by the Bitcoin Community on social media. In a slew of complaining tweets, the Gold bug tagged MicroStrategy CEO Michael Saylor and invited him for a debate on the position of cryptocurrencies. It seems that he has not been too happy about the recent TV debate with another Gold evangelist Frank Giustra, who is also a Bitcoin cynic.
Thus far, Saylor has not graced the tweet with a response, but the Bitcoin community is raving up to induce the infamous Bitcoiner to accept the challenge. It seems that Schiff has been preparing for this sparring for quite some time and worded his tweet in a very formidable manner. Many people and institutional investors would be looking forward to such a clash among the trade titans.
from CryptocyNews.com https://www.cryptocynews.com/grayscale-manipulates-the-price-of-bitcoin-claims-peter-schiff/
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The detrimental effects of Joe Biden’s recent tax policies have affected the cryptocurrencies and sent a crash wave across the stock markets. The new head of the USA seems to be making plans for handling the future expenditures of the country. The soon-to-be confirmed “upper-class taxes” have made a deep cut to the rich and wealthy investors. It seems that many are not happy with the new policies of the government.
The new government is not only expected to fend off the harmful impact of the COVID-19 destruction on the US economy but also needs to arrange a hefty amount of $1.5 trillion for human infrastructure. This endowment would be utilized in providing subsidies, child care, community college funding, and many other projects. As soon as the news hit the media, both the US stock market and cryptocurrency tickers started to turn red.
Coinbase Losing its Strong Position in the Stock Market
According to the new tax proposal of President Biden, the current administration is preparing to increase the capital gain taxes to 43.4% for the American citizens whose income is higher than $1 million. As expected, the proposition has sparked a slew of critical comments and conspiracy theories. At the outset, it does not seem that the new regulations are directed at the crypto community directly. However, all major and minor altcoin prices have been affected.
Coinbase stock COIN also crashed down by $300 for the first time since it went public on April 14th, 2021. Tim Draper, venture capitalists, remarked in a recent Bloomberg interview that such type of tax policies could choke the American golden egg-laying Goose. He further said that Bitcoin is the only escape route and hedge to fend off the unfriendly government sanctions during these difficult times.
Major Stock Financial Report Claims that Bitcoin could Slump Back to $20K
The former Bloomberg analyst, Oliver Renick, claims that the current Bitcoin setback is not just another small correction. In a LinkedIn blog post, he mentioned that the top coin is exhausted and is likely to take a resting position for a while. Renick thinks that the wedge pattern of BTC that had been gaining momentum since the beginning of 2021 has been disturbed to the point of no return. It seems that a $30K to $20K correction can be expected.
Pankaj Balani, CEO at Delta Exchange, made similar remarks in a recent Bloomberg interview. Balani believes that the possibility of a downside movement can be predicted since Bitcoin has slipped from a critical 50-day moving average. The deep dive of the flagship digital currency is a first during the ongoing bull rally. Every time the flagship cryptocurrency takes a nose dive into the market, the investors treat it as a buying spree season. For now, Bitcoin has managed to get restored at $50K.
Bitcoin has set new records both in terms of the all-time highs that it has been scoring for the last few months and its adoption rate that has spiked through the roof not only in the US and Europe but also in the rest of the world too. At present, the price of Bitcoin has taken some severe hit, and it has to do with the new taxation applied by Joe Biden on wealthy capitalists that have led to some pushing back from investor’s end for Bitcoin trading and investing.
Other than that, there has been a massive decrease in the mining operation of Bitcoin in China after a coal mine went kaput, bringing the hash rate of the mining operation for Bitcoin to some deficient values. But all of this couldn’t stop the speedy adoption of Bitcoin as the state of Louisiana finally issuing a green signal to Bitcoin, and the cryptocurrency is officially approved for investing and trading in Louisiana.
Bitcoin Adoption is Rising through the Sky amid Price Breakdown
A proper resolution was drawn by the House of Representatives of the Legislature of Louisiana in which they have accepted the stability and security Bitcoin and its creator Satoshi Nakamoto has brought to the economic division. Furthermore, the flagship digital asset received admiration and sincere nodes for its wide adoption rate and market capitalization as well. According to the resolution, Bitcoin is already a trillion-dollar asset that is already rising in adoption and bringing economic stability to the statement. This is a technology according to the resolution to which the local governments and various sections of the state can draw a considerable number of benefits.
It is becoming evident now that the adoption rate of Bitcoin at present is no twist of fate and good luck, but it is backed with solid documentation and factual analysis of the accomplishments and events that have led to the current success of Bitcoin. The document, apart from admiring the economic success and scoring the most notable market cap for Bitcoin, has also stated that in the future, it can be an alternative to gold and who knows, it can even replace gold as the monetary reserve. But to state the obvious, Bitcoin is definitely going to bask in all the green light and vote of confidence it has received and is still receiving in various regions of the world.
At present, there is just so much talk about Dogecoin, which is a cryptocurrency that started out as a meme/joke but soon became successful in finding some traction among the investors and interested parties. It is now among the top-rated cryptocurrencies of the crypto market and has been doing extremely well for itself. One of the initial influencers for this cryptocurrency would have to be Elon Musk, such as how neatly he continued to support this cryptocurrency, sending out memes in its support that finally it kind of stuck with the investors and interested parties that Dogecoin might end up being a great thing which it did.
Dogecoin will Plummet
As of the latest developments, the market cap of Dogecoin, which is nothing but a meme cryptocurrency, is more than the Ford motors, which is pretty great, but despite all that, one of the most famous financial analysts, Gary Shilling, is saying otherwise. According to the analyst, Dogecoin is nothing but absurd, and the current price performance that is evident from it is due to the excess of liquidity that has been going on. When asked to share more on this topic, Gary Shilling did add that he is not entirely sure how all of it is going to pan out, but it will not end pretty for Dogecoin.
He had the same views when asked about Bitcoin and then had nothing to justify these claims; he dismissed the argument by saying that it is nothing, the speculations might not be able to justify the current position of Bitcoin in the crypto market and such, but for the Dogecoin it is surely a big if condition right now. Bitcoin doesn’t have an unlimited supply which means that its trading is legit and going by the same practices that are already in the works in other markets such as forex and stocks market, but for the Dogecoin it seems to have an unlimited supply and very few active developers which is clearly something that registers as a concern. While some thoughts or ideas presented by Gary about Dogecoin are of significance still only time will tell.
from CryptocyNews.com https://www.cryptocynews.com/according-to-financial-analyst-gary-shilling-dogecoin-is-going-to-end-badly/
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XRP continues to record higher prices as institutional investors rallied around the crypto for the past few days. Despite the ongoing lawsuit between Ripple, the firm that created XRP, and the US Securities and Exchange Commission. XRP is not the only one rallied by the deep-pocket investors; reports show that the investors have pumped in money into numerous altcoins, driving their prices to an impressive point.
XRP is one of the industry’s biggest winners in recent times as it continues to add new gains even as a massive part of the digital asset industry faces price corrections. New reports show that the high-net-worth investors pushed close to $33 million into the digital asset, which has helped it record new gains.
Investors buy crypto products
The investors are not cooling down the buying pressure, and their latest XRP product buys have aided the coin into doubling the coins. This means that XRP holders have increased their previous XRP holdings to assure new growth. Coinshares shared its weekly report on digital asset fund flows, and this revealed how XRP saw a $33 million inflow.
The crypto’s asset under management has doubled, which was ignited by the new purchases. Interestingly, other reports opined that this week had been one of the most bullish for institutional investors as over $200 million has been injected into crypto products.
The report shows that the investors were also very bullish in early March and injected a notable amount of funds into the digital asset industry. The investors might be interested in altcoins as reports show an increased number allocated to numerous altcoins.
The investors spent $65 million on Ethereum products, Binance’s coin took around $3 million, Tezos got $7 million, with other crypto products on the list. Other assets hot around $6 million in total from the recent inflow.
Canada approves more Bitcoin ETFs
Bitcoin has the largest allocation, with over 70% of the AUM attributed to its products. The asset has around $50 billion in AUM, and the closest is Ethereum, with almost $11 billion. The other altcoins have a lesser portion, with them getting lesser than 1% of the whole portfolio. Bitcoin Cash represents $16 million, while Polkadot has an allocation of $45 million.
Reports also show increased activities from the large-scale buyers as trading volumes surge by over 59%. The investment products have hit a record of around $64 million. This shows the growing demand from cryptos and their products, and it would likely continue to grow.
The industry’s biggest asset manager, Grayscale, represents most of the crypto AUM, with around $50 billion coming from the firm alone. Coinshares also has a notable amount as it holds about $6 billion of the AUM. The others represent a small part of the AUM, with 3iQ having only 3% of the industry’s assets under management.
There has been an increased demand for crypto products globally, including Canada who recently approved the continent’s first Bitcoin ETF. Presently, the country has around three Bitcoin ETFs and has recently approved an Ether ETF.
The boom of cryptocurrencies has led various nations to reconsider their diabolical approach towards adopting decentralized finance. There are now trials by multiple nations to launch their respective currencies, such as China is all caught up with inaugurating their digital Yuan. Now England has proposed the will to create their own cryptocurrency, which would allegedly be named Britcoin. The bank of England has recently announced its plans to test the possibility of a national digital currency. For doing so, a task force has been established that will oversee the design, technical testing, and building of the cryptocurrency under close supervision.
It is Still an Idea, not a Final Decision
The charter that will oversee the testing and development of the cryptocurrency will also be checking a bunch of other things, such as if the interest of the state and the goals that it has set around the development of a cryptocurrency are met or not? Does it help in battling inflation and bringing stability to the already present and bustling financial establishment and processes of great Britain, and if the currency could put Britain out on the map for critical thinking that revolves around bringing economic revolution and such? There is no final decision regarding if the government is willing to go through with the rolling out of this currency out there or not, but even if it does, the traditional financial methods will not be replaced at all, and everything will stay on as it was before the presence of this currency.
The final decision is yet to come if the currency will be passed and taken on as the ultimate digital currency of Great Britain or not; after the results from the current testing of the currency comes along, the government will be addressing the stakeholders, currency enthusiasts and the general public related to the risks and benefits of the digital currency that is if it ever goes live. The current fiat elements such as cash, forex exchanges, and the stock market will not be intermingled or completely replaced with this currency at all because one way or the other, the cash remains essential to millions of people out there and can’t be put out of the circulation.
It seems that the DOGE coin has emerged as a contender for XRP and ADA in the markets. Despite all odds and an ongoing federal lawsuit, XRP has shown tremendous potential and resolve to hold onto the 4th top ranking at the global crypto scale. The crypto whale tracker has reported that there have been massive amounts of XRP moved from several exchange platforms.
The movement has been made by the blockchain enterprise Ripple labs itself and includes names like Coinbase, Binance, Bitrue, BitGo, Upbit, Bitstamp, and many others. The total amount of XRP moved is a staggering 72 million tokens. This movement has been part of the Ripple business endeavor to bequeath market supplies to its ODL partner based in Mexico. At the moment, XRP is trading for $1.61 that makes the amount of XRP movement valued at $116 million.
Is Ripple in a Safe position?
While the leading coin has taken a steep dive into the support range, the rest of the altcoins have followed suit. XRP that is deemed as the fourth-largest cryptocurrency by market capitalization, has been taken a drop of 19.57% and rests at a correction of $1.38 for the time being. This massive dive has been rumored to be caused by the increasing pressure of government legislation on the crypto markets.
Many noteworthy names like Ron Conway, Brain Armstrong, and Jesse Powell have been issuing warnings about the increasing possibility of US sanctioning and imposition on the digital asset markets. For the time being, the SEC is only grappling the neck of Ripple labs execs Chris Larson and Brad Garlinghouse. However, the remarks of US Treasury head Janet Yellen have invited more skepticism about the whole situation.
Why Did Kraken CEO Warn Crypto Businesses about the Upcoming Government Regulations?
In a CNBC interview earlier this month, Kraken CEO Jesse Powell told the media that it is highly likely that the US government tries to put a direct and straightforward ban on the crypto markets and send a message to the world that the USD is threatened by its presence. However, he has been keen on the subject to lean towards potential damage to the digital asset markets if any regulations are introduced.
It should be noted that Kraken is making plans for going public in 2022 and waiting for a better regulatory environment for the digital asset exchanges, just like Grayscale that has been lined up for a BTC-ETF for a long time. Powell also explained that the US government could take note of China’s federal stance on crypto and its ability to create more friendly regulations. Industry giants like Coinbase, Kraken, Fidelity, Square Inc., and Paradigm have formed a unilateral crypto council earlier this month as a vanguard for fair regulatory lobbying.
from CryptocyNews.com https://www.cryptocynews.com/xrp-case-may-influence-the-us-government-to-bring-crypto-regulatory-reforms/
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As the crypto industry is flourishing day by day and penetrating into various sectors along with Decentralized Finance (DeFi) to Non-Fungible Tokens (NFTs), various digital currencies have started struggling for a stable and profitable position in the market. Being a part of this expansion, the crypto market is thrilled with the news of launching a new coin named Student Coin (STC), which is two weeks behind its launch.
It is claimed by the ICO team that Student Coin (STC) will be groundbreaking which will overlap the gap made by crypto-based applications and would be easily understood by all. Before the launch of Student Coin (STC), there are a few basic things that have been revealed in the market for the basic awareness of the traders regarding this particular digital asset like the team of the coin, coin project, and few other things along with Student Coin’s STC Wallet.
All you need to know about Student Coin (STC)
According to the Initial Coin Offering (ICO) of Student Coin, STC is going to be a part of the rally by the 30th of April, 2021, as it is already in its Launchpad 81 phase. It is most expected that STC will thrill the market, and it is going to shoot higher after its immediate launch. Student Coin (STC) will be operationalized by means of Student Wallet Application with free registration.
Customers will be facilitated with the live price chart of STC and a few other STC-based tokens with this application, and it will also serve as a command center regarding all sorts of matters related to Student Coin (STC). The application will keep the clients up to date about the market fluctuations, community discussions, and media information of various channels.
Application is also designed for modifications as it is also part of the plan to introduce the proper functional terminal for the tools to create and launch Non-Fungible Tokens and Decentralized Finance Tokens. Student Coin (STC) is also focusing on teaching crypto clients, blockchain developers, and a robust educational panel regarding the pro and cons of the crypto industry.
Analysts’ Opinion about STC
Initial Coin Offering (ICO) is foreseeing the thrilling entry of the Student Coin (STC) and has already been under discussion and observation as one of the digital millionaires claims that STC is all “set to explode”. Moreover, data collected from CoinMarketCap shows that STC’s ROI has already reached 900%, and analysts say that it’s just a beginning to get a higher position in the market.
from CryptocyNews.com https://www.cryptocynews.com/student-coin-stc-is-likely-to-shoot-high-following-its-ico-here-is-what-you-should-know/
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Deutsche Telekom, which one of the biggest names in telecommunication in Europe, has shown support for decentralized finance by investing in blockchain firm Celo. The company is the first to have invested in the growing blockchain firm, which has attracted applauds from the digital asset space. The well-known company invested in Celo by purchasing a notable amount of its native token, CELO.
The telecom firm bought the tokens through its investment fund called the Telekom Innovation pool. The payment service provider shared news regarding the purchase as it welcomes another prominent investor. The blockchain-based firm has been attracting new investments for the past few weeks, and people see it as a sign of a growing interest in decentralized finance.
Deutsche Telekom joins Celo alliance
Deutsche Telekom has come all-out for Celo as it joins a support group called Celo Alliance for prosperity. This group consists of its networks and over 100 members, who include blockchain firms and merchants. On Tuesday, it shared the alliance news and added that the telecom company was the first of its kind to be a part of the alliance group.
The alliance would allow the communication firm’s T-system to implement the OTC. The cloud is in line with current European regulations guiding its use while allowing people to settle transactions with their mobile devices.
One of Deutsche Telekom’s officials, Adel Al-Saleh, who is also a part of the management board, explained new developments affected by the investment. The official opined that the telecom’s new investment would allow it to be a part of the blockchain industry. He revealed that the Celo network is secured through the European firm’s investment and the OTC.
He assured that it would facilitate user’s use on the network. Interestingly, the firm explained that its API would send verification SMS to customers. The new announcement assured that the numerous text message providers would beef up the network’s security while optimizing phone verification.
Celo founder speaks on Deutsche’s investment
The SMS verification would improve the payment service provider’s blockchain network and make it more reliable. One of Celo’s founders, Rene Reinsberg, shared that the firm was excited to secure the blockchain network while improving developments and validating. He added that the ownership of CELO, its native token, would ensure rapid adoption of digital assets in the global market.
It’s safe to note that many mainstream firms turn to the digital asset ecosystem for numerous services, such as fast cross-border transactions and more attractive investment returns. This has made its adoption rapid and inevitable. The firm Celo is a blockchain-based company, which allows people to explore DeFi services through their smartphones.
Insiders within the firm talked about how the firm could comprise a popular payment firm, PayPal, on speed through the native token. The native token has not been doing as great as expected as it’s currently down by over 5%. The firm’s representative explained that the unstable prices should not significantly affect those with large investments due to the size.
The global leading social investment platform, eToro, declared today that LINK (Chainlink) and UNI (Uniswap) have been added to the list of its cryptocurrency offerings which makes the total number of crypto investment choice on the platform 18. This move is sponsored by the desire to enhance the coin offerings for both professional clients and retail investors in the months to come.
LINK is a token from Chainlink, which is the first DeFi protocol to create a well-secured passage of information across the dapps (decentralized applications) and information outside the blockchain. Through the system of the Oracle network, the protocol can determine the status of manipulation and falsification of information. Currently, LINK is the 12th largest crypto in the market, having a value of about $16 billion.
UNI is a native and governance token from the decentralized exchange, Uniswap, which is built on the Ethereum blockchain. The exchange set up automatic trading of every ERC token using smart contracts where liquidity between unknown crypto options exists. Unlike the other centralized exchanges, this exchange does not require any order book. The trading volume of the exchange has been reported to have hit the mark above $30 billion in the earlier part of 2021. The market cap of UNI currently is over $16 billion and is currently the 11th largest digital asset in that regard, based on the report from CoinMarketCap.
Diverse Range with Diverse Use
The Vice president at eToro in charge of Business Solutions said: “the season is the perfect time to add to the list of the crypto offerings on eToro. There has been a surge in the appetite of the retail investor for this asset class. Much more, there is a very strong demand for investing in a wider range of crypto options. The use of both UNI and LINK are very interesting, and it is a subtle reminder that not all digital assets are designed as currencies. For Chainlink, it is a substantial project that aims to cover data and information on the internet stored on the blockchain, and Uniswap is an integral part of the trading infrastructure in the crypto space.”
from CryptocyNews.com https://www.cryptocynews.com/etoro-announces-the-addition-of-uni-and-link-to-its-cryptocurrency-offering/
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South Korea is working towards combating illegal cryptocurrency within the nation, and its regulator has created teams saddled with the responsibility of investigating crypto transactions. Financial regulators in South Korea have decided to work together to stop illegal crypto transactions in the area. Bitcoin’s rapid success as both a digital currency and an asset has led to series of illegal activities that could be linked to its usage.
The regulators worry over the region’s interest in speculative investments that led to the crypto market’s growth. One of South Korea’s officials, Koo Yun-Cheol, shared this information recently due to the incoming crackdown on illegal crypto activities. He is the head of the office for Governmental coordination.
South Korea will set up different agencies to this effect
The regulator explained that the nation has to pay attention to the growing illegal activities linked to cryptocurrencies. He shared his opinion during a meeting concerning cryptocurrency, which was first revealed by one of the region’s news sources, Yobhap.
Some changes would occur to ensure that the nation keeps the illegal activities at bay, including the Financial Service Commission mandating all financial institutions to follow new regulations. These new regulations would include the checking of withdrawals done on cryptocurrencies. This would allow the country to monitor activities at the local level.
The financial institution is mandated to report suspicious transactions to the Financial Intelligence Unit, which is known to commence investigations and other necessary steps for crimes relating to finance. Asides from the Financial Intelligence Unit, other regulators that would ensure the crackdown on illegal activities include the financial Supervisory Services and the Finance Ministry.
These bodies would check transactions done outside the country, ensuring a thorough check on various financial transactions. South Korean regulators have been stringent on crypto use, and sources believe that this results from numerous illegal activities linked to virtual assets. While most countries regulate the assets, others have completely banned their usage.
South Korea enacts stricter regulations
In March, the country enacted an act, which would ensure Reporting and Using Specified Financial Transaction Information. These new regulations have led to the exit of some crypto exchanges that failed to meet up with the recently created guidelines.
Similarly, the regulators explained that the exchanges have to work with local banks to ensure real names for the users. This would prevent users from using non-existing names to mask their activities. Other regulations include more stringent laws on taxation as the country’s local tax service has developed ways to prevent evasion through crypto use.
New growths in the digital asset market have ignited new and stricter regulations from the Asian country. The world’s most popular crypto, Bitcoin, attained the $65,000 mark at a point last week, and this has pushed the asset’s adoption.
The country has been discouraging crypto use as a payment method as the region’s Central Bank’s governor, Lee Ju-yeol, revealed that cryptocurrency’s volatile nature makes it an unsuitable payment method. The regulator explained that the asset’s use is limited and doesn’t ensure stability.
Varies concepts from the world of cryptocurrency and fiat money are getting intermingled, various threads have been pulled, and a lot of concepts have been adopted through a common ground that exists outside of both these systematic membranes. Bitcoin is a cryptocurrency that has seen a lot of changes going around and was itself the reason or part of some of the most elementary ones.
One such change or adoption is the installation of the crypto ATMs. The demand and the common use of Bitcoin among the general public have increased steadily, and amid this continuous virtue of interest by the people and the current performance of Bitcoin, the ATM firm Coin Cloud has decided to install 8000 more ATMs by the end of 2021 worldwide.
Need for More Bitcoin-Powered ATMs Surging at the Moment
Chris McAlrey, the founder of the firm, in an interview with local news, explained how the company has already installed more than 2000 ATMS and if the surge and interest keep on such as is at the moment, this figure could go all the way to 8000 which means a lot more ATMs are coming shortly. Apart from all this, Chris also had to add that the popularity of Bitcoin is on the rise, and no one knows where the final stop of this chapter be so as long as the response is good and demand for more ATMs exist; they will continue to install more and more units.
This means that it would become easier and more accessible for the general public to interact with or use their digital currency or converting it back to fiat money and getting on with their financial needs.
Another thing that came to light is that international tourism has been boosting the growth of Bitcoin ATMs around the globe. Places on earth where international tourism is a given is the right spot to install more and more Bitcoin ATM machines. Other than that, such spots need to be highlighted where people tend to go more so that their interaction with a bitcoin-oriented ATM machine will be much more frequent as opposed to various other less populated places.
from CryptocyNews.com https://www.cryptocynews.com/bitcoin-atm-firm-will-install-8000-more-atms-by-the-end-of-2021-amid-a-crypto-boom/
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Janet Yellen did not only turn the heads of sceptics by being elected as the first female Treasury Secretary of the United States in 2021, but her controversial remarks about the ongoing cryptocurrency mania also earned her some irksome glances. During the senate confirmation speech, she introduced a strong yet antagonistic stance for the digital asset markets. In her opinion, the DeFi markets are creating a huge concern for terrorist financing and money laundering.
It should be noted that cryptocurrencies are mostly prevalent in the western hemisphere of the world for the time being. Most Asian countries have either banned or restricted the transition of cryptocurrencies. Meanwhile, the White House Press Secretary, Jen Psaki, told the media in the latest press briefing that US president Joe Biden agrees with Janet Yellen’s stance on digital assets.
Is the new US Administration Looking to Regulate Digital Assets?
For now, a huge number of financial institutions present in the United States have already started to pour their funds into Bitcoin and other digital currencies. A ban at this point would result in a loss worth trillions of dollars. A stricter regulation seems to be impractical considering the decentralized nature of the blockchains. However, it would still cause a market crash in billions.
The SEC is already facing difficulties and lash back for putting a semi-decentralized blockchain company, Ripple Labs, under scrutiny. Many are speculating that there are no defendant nominees for putting Bitcoin on trial, and it is impossible to put a stop to BTC investment due to its presence on the internet. Janet Yellen herself has recognized the potential of digital assets to provide a faster and cost-effective store of value.
Will the US Government Issue a Centralized Digital Dollar?
The perspective of Janet Yellen on regulating cryptocurrencies contemplates a broad spectrum. The Treasury Secretary is not a big fan of independent blockchains that are managed by the participation of remote stakeholders. However, she encourages the idea of investing the federal reserves into launching a digital dollar. China has already introduced the digital Yuan and is taking measures to make it available to the people on a large scale.
Biden seems to be on board with the ideas presented by Yellen. Yellen has also been sceptical about the massive carbon footprint due to the decentralized mining process and the proof of work consensus algorithm. Provided the current state of the economy, it is highly unlikely that the government tries to regulate or ban the digital asset markets. However, it is possible to spot a new centralized contender in the form of a digital dollar.
from CryptocyNews.com https://www.cryptocynews.com/the-us-president-endorses-the-crypto-banning-stance-of-treasury-secretary/
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The damnation faced by several members of the LGBT community across the world, despite the legal backing of a few nations, continue to be increasingly high day after day. Technological innovations have always eluded the members of this community, as they have always needed to use private social media applications and websites to build relationships and marriages. However, with the development of Blockchain technology, many members and activists of the socially violated community are expectant that the Blockchain marriage and maybe an LGBT cryptocurrency will likely help them feel more comfortable in the world.
Blockchain-themed Famiee App allowing LGBT hookups and marriage
LGBT members in many countries have continued to advocate for equal right with other humans, as the massive criticisms and attack which most of them are subjected to, have been deemed unfair by the community. Like the LGBT community in Iran, many members of the community have been subjected to much abuse just because they use social media like every other human. The Cyber Police in Iran has continued to lure LGBT members via fake dating sites to arrest, torture, and detain them.
However, there is still some optimism that Blockchain technology will save them from this unfair human rights violation. While Iran is clamping against the LGBT, Taiwan has legalized same-sex marriage in the Asian continent. The Tokyo-based Famiee Blockchain project initiated by LGBT activist- Koki Uchiyama in 2019 has since been helping LGBT people build a lasting relationship that may lead to a Blockchain-themed marriage.
Uchiyama admitted after an interview in 2016 that the pains and agony faced by LGBT people was one of the reasons he proposed the need to create a Blockchain-themed privacy application for them. LGBT couples have since begun to tie the knot via the application, ad they have been getting their marriage certificates.
LGBT token still facing legal issues
Despite the country not being an LGBT-friendly community yet, major corporations in Japan have accepted LGBT marriage certificates as proof of marriage. The data stored on the Famiee has a database in Blockchain technology, and married members can continue to renew their vows on the app. Alternatively, popular gay social network- Hornet launched the LGBT foundation in 2018 as a blockchain non-profit organization targetting LGBT people.
LGBT foundation is supposed to create more Blcockahain awareness in the LGBT community, helping the community members harness the potentials and power of the Blockchain technology. Shortly after launching, the LGBT foundation proposed the launch of an LGBT cryptocurrency- LGBT token.
The digital asset will allow the LBGT community members to trade, buy, sell and spend it like every other digital token. Unfortunately, three years after launching, the LGBT token has not been able to thrive due to legal issues, and anti-money laundering (AML) rules around issuing it. However, there is still a growing optimism around the Blockchain-LGBT relationship, as the LGBT community believes the Blockchain will help them thrive.
from CryptocyNews.com https://www.cryptocynews.com/lgbt-activists-believe-blockchain-technologies-can-help-them-thrive/
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According to an official tweet from Immutable X, it is revealed that the layer-two solution has been a big success for NFT trades in the Ethereum Network.
The tweet from the official Twitter account mentioned that Immutable X has helped traders save more than 1.3 Million dollars in gas fees. The service allows cheap levels of NFT trading and minting to be conducted without any gas fee, which is indeed an extremely beneficial feature for traders worldwide, as they won’t have to pay the ridiculous gas fee that has plagued the network since the start.
Gods Unchained and Immutable X
Gods Unchained, which is a trading card game, was the one who managed to accomplish such an achievement through the integration of immutable X. According to statistical data released, around 33,479 NFT trades were completed in just under seven days. As for now, Immutable X is only supported by this game, but it is very likely, that after this huge success, more projects will be eager to integrate it. It will definitely pave the way for an increasingly large number of transactions, thanks to the crucial gas-saving feature that Immutable X offers.
Co-founder of Immutable, Robbie Ferguson, expressed warm feelings about the service, saying that he is incredibly proud of the accomplishment and that the service has reached new high-volume economies gives artists and creators get rewarded and a chance to shine even more. Adding to that, Robbie said that this amount of concurrent has never been possible before, as Immutable has managed to process almost 2.8 times more NFT trades than Ethereum has ever done on L1, hoping that this continues, as it will bring forth a stronger community.
NFT for Everyone
This advancement to the NFT sector will be huge if Immutable X keeps on going like this. New partnerships and integrations will help the NFT sector to grow into a huge network, giving users and traders cheaper trading alternatives to interact with. The Ethereum gas fee is rising day by day, which means that users will obviously try to find ways to avoid it. Immutable X has arrived to tackle this situation and make users trade better forms of NFTs in the network. The team at Immutable X has successfully managed to integrate their new project without sacrificing the potential decentralization of Ethereum.
After a couple of months, the Coinbase crypto exchange located in the U.S started its Ethereum 2.0 transactions waitlist. Its patient customers will now begin to benefit from their staking for Ethereum. This is better late than never, one would think. The customers will gain an interest of about 6% yearly for holding down their Ethereum.
While persuading other users to try and register with the exchange, existing customers would get notified when they are moved from the waitlist, said the post was just updated a few hours ago. The ETH is trying not to complicate issues by producing more blocks where they will benefit mining profits, but the customers who were involved in keeping the network moving will need to add a few ETH to have the same result. This is according to their present move to the proof-of-stake network.
The validators secure the network
This will make the network cheaper and decongested in usage for NFTs and DeFi and make them famous and high demand in the present blockchain. Last year in December, to produce blocks, you will need the supposed proof-of-stake for miners called “validators” to be able to have Ethereum 2.0 and be sure of its security.
The more you gather validators, so does the network security gets stronger. Validators add their money by locking up tokens, and they are normally gifted Ethereum. Many developers are working hard to add and make the ETH blockchain that just started a significant network in the coming months or years.
Coinbase reveals its new plans
The exchange is bringing user’s Ethereum holdings together and practically handling nodes in their stead because to run Ethereum 2.0 node, you need to become a validator and have 32 Ethereum. While the disadvantage is that you may not be able to trade in your own free time, the advantage is simply you being able to stake the particular sum of ETH that is yours on Coinbase.
“Although, the exchange is working on ways to be able to trade some staked ETH soon,” said Coinbase. A possible disadvantage that is not mentioned is that the interest of 6% is not particular but actually under the level of demand. As users stake more ETH, the benefits reduce. This is coming due to how the staking benefits of Ethereum 2.0 are designed – starting with a lot of ETH will help guarantee security.
Still, the diminishing returns law applies with subsequent tokens. Ethereum 2.0 staking has been famous because, in February, the exchange envisaged 7.5% APR. The Coinbase exchange also has to stake benefits for Dai, Algorand, Tezos, and Cosmos. Ethereum 2.0 benefits are being offered by another exchange like Kraken.
When Satoshi Nakamoto introduced Bitcoin in 2009, no one could have possibly fathomed the effect it would have on the financial industry as a whole. Yes, technological advancement had prompted progress in the financial space as well and the landscape was changing gradually, but cryptocurrencies have brought about a drastic change that couldn’t have been predicted. Today, the cryptocurrency space is worth billions of dollars and is constantly expanding and growing. Cryptocurrencies foreshadowed a digital future for money, one that was intensified when the COVID-19 pandemic hit last year.
The fact that cryptocurrencies exist outside of the traditional global financial system and are not legal tender, as in the case of cash that’s issued by governments, had worked against them in the beginning. But, now, things have changed and now this is being considered an advantage. This has prompted countries to look into turning legal tender into computer code and the one country that has been ahead in this race is none other than China. The need for digital currency became apparent because of the coronavirus and so, countries began working on introducing their own in order to eliminate some of the risk associated with decentralized options.
China has now introduced the digital Yuan, which is its version of a cryptocurrency that’s controlled by the country’s central bank. As it is the first of its kind, it is not surprising that it is generating a huge amount of interest and has drawn the attention of crypto investors from all over the globe. Given that Austria is one of the richest countries in the world and in Europe, its investors are also keen on investing in the digital Yuan. But, before you decide to buy digital Yuan in Austria, there are some things that you need to know.
First off, people cannot make any crypto investment without knowing its legal status in the country. When it comes to Austria, you will be pleased to discover that it is quite legal to invest in cryptocurrencies. The European nation is recognized as a financial hub and it has always been at the forefront of any innovation and advancement in the financial space. This has remained true throughout the evolution of cryptocurrencies. Even though there were many countries that were less than welcoming of these digital currencies, Austria is not one of them. This is one of the reasons why people can contemplate whether to buy digital Yuan in Austria or not.
There are some countries out there, where people may not be able to explore this option due to the tough laws and regulations that exist. If you take a close look at Austrian regulations and laws, you will come to know that they haven’t introduced any such major or new ones recently. In fact, there have been none when it comes to the fintech sector, which is quite surprising. However, the goal of the government is to promote innovation and progress and they have done a great job of it so far.
While they do want to promote new startups and encourage new businesses in the crypto space, this doesn’t mean that they haven’t kept a close eye on initial coin offerings (ICOs) that pop up regularly. They do have some laws in place for these companies, along with cryptocurrency exchanges that are established to help people in buying and selling cryptocurrencies. Since you want to buy digital Yuan in Austria and not setup a company or exchange, you don’t have to worry about any such regulations or laws. This is undoubtedly an advantage that you are not likely to get anywhere else.
Nevertheless, this doesn’t mean that you don’t have to deal with any repercussions if you buy digital yuan in Austria. There is taxation that you need to take into account; you cannot evade taxes that are applicable on the purchase of cryptocurrencies. As a matter of fact, the taxes can be a bit steep in this regard. Austrian taxation laws indicates that people are subject to a 55% tax on profits that they make via buying and selling cryptocurrencies. This would also apply if you buy digital Yuan in Austria, as it also falls under the category of digital currency.
So, how do you avoid this without breaking the law? The good news is that you don’t have to pay this hefty tax if you are planning on holding onto your crypto investment for more than a year. Now capital gains taxes are applicable if you buy digital Yuan in Austria and keep it for longer than a year. This is quite appealing to people and can make crypto a solid investment. It is important to note that the Austria Financial Markets Authority (FMA) has created some awareness about digital currencies and their basic concept of decentralization.
Regardless, you need to know that this is not applicable to the digital yuan because it is not a decentralized cryptocurrency. It eliminates the anonymity that’s associated with cryptocurrencies like Bitcoin. Moving on, you need to consider how to buy digital yuan in Austria as well because the options available can vary from place to place. Fortunately, the welcoming environment in Austria means that you can use any method that you prefer and make your purchase quickly and easily. There are no complex hoops to jump through or procedures you need to complete.
All basic methods that exist for purchasing cryptocurrencies are available in Austria and you can do the same when you want to buy digital Yuan in Austria. You are free to use a cryptocurrency exchange, as a number of them operate in the country. Some are international names, but there are some local and domestic options that also exist. It is up to you to do the research and sort through the options to find the one that best fits your need. As long as you make the right choice, you will not have any issues in finding a platform that allows you to buy digital Yuan in Austria.
from CryptocyNews.com https://www.cryptocynews.com/everything-you-need-to-know-about-austrias-stance-on-cryptocurrencies/
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Brian Brooks just defended a fintech charter to the HFSC (House Financial Services Committee). He defended this fintech charter he controlled when heading OCC and warns that high cryptocurrency regulations can undermine the competitiveness of the US globally.
How Brian Brooks Defends the Fintech Charter at the HFSC
On Thursday, Brian Brooks had defended the fintech charter when he acted as the acting Currency Comptroller after the Congressional Democrats had sights at the housing license. Brooks showed as the witness for the (HFSC) on the Consumer Protection and Financial Institutions in a hearing termed “Banking Innovation or Regulatory Evasion? Exploring Trends in Financial Institution Charters” on April 15 2021.
This fintech charter is launched by the OCC (Office of the Comptroller of the Currency), and in 2020 was headed by Brooks, permitting financial technology companies like crypto firms to provide payment and lending products devoid of supervision by FDIC Insurance, banking regulators, or customer’s deposit.
In another vein, Maxine Waters, the Californian Rep and chair of the House Financial Services Committee, has alleged that state and banks regulators have already complained of the absence of regulatory investigation witnessed by fintech companies that are licensed under this charter. Waters explicitly stated that the community banks, state regulators, and even the credit unions have spoken out about the way new entities, like the big tech companies, are getting unconventional charters from the bank and providing bank services and products while avoiding regulations banks should comply with.
OCC Have Overstepped its Authority- Maxine Waters
The Californian representative maintained that the OCC had overstepped its power or authority; she accused the entity of pretending that the Abraham Lincoln signed laws were aimed to establish fintech or crypto charters. Meanwhile, Brian Brooks has revealed to the committee that the charter had strengthened the crypto and fintech industries regulatory oversight, insisting that the activities will conversely continue the regulators view outside. More so, he saw the charter as an empowering company that offers customers better options to conventional banks on the one hand and the other hand with the strip-mall financiers.
In the meantime, other Democrats have spoken out that Bitcoin is a pathway for some criminal syndicate, with Californian based Brad Sherman maintaining that the narco-terrorist and tax evaders mostly utilize the cryptocurrency asset. Al Green from Texas equally advanced Sherman’s claims; he said that it is the concern of his constituents to regard the Ponzi schemes prevalence in the cryptocurrency industry.
However, Brooks has dismissed the claims, insisting that exclusionary regulations can hinder the US dynamism in technology. The high legislations can significantly undermine the soft power of the US in the rising digital economy. For Brooks, they are setting up a second internet; it is not created for terrorist financing but for permitting a real decentralized Internet. When you think that the soft power of the US globally has many in common with the control of the Internet Protocol and ICANN, you will feel related about the new protocol.
Cardano, after rolling out smart contracts successfully, has amazed the crypto world with the immediate launch of Cardano Registry, which will be aimed at the On-Chain native tokens.
From time to time up-gradation of the platform, Cardano (ADA) is stepping ahead to become totally decentralized. On the 1st March of 2021, Mary’s protocol went live, and it was considered and accepted to be the smart step ahead for Goguen’s developmental upgrade, along with disclosing the smart contracts as well as a lot of other features.
Unveiling the smart contracts has enabled the miners, and even a layman would be able to mint tokens via the Cardano blockchain. With such a revolutionary step, a lot of community people have minted 600 tokens and 1500 tokens on mainnet and testnet, respectively.
Now, Cardano has disclosed its intentions to introduce society to the Cardano registry to keep and maintain the effective and efficient record of newly minted tokens. As per the statement, it is most like to be expected that the record of newly minted tokens will be kept safe, organized, and centralized over the Cardano registry.
Cardano Foundation assured the people that this registry is doubtlessly curated and trusted compilation of the on-chain identifiers regarding the tokens deployed and written of Cardano registry. On-Chain identifiers are consisting of token addresses, hashes, minting policies, and public keys, among few other things. And they authorize the token creators and developers to input the token details over Cardano Registry.
How registering the token over Cardano Registry will be beneficial?
The above-mentioned question made people contemplate and look for the monetary benefits before directly registering their tokens over the Cardano Registry. Well, to keep the record clear and for the people’s concerns, it is worth noting that Cardano has disclosed and pointed three main benefits of registering the tokens over the Cardano registry, including feasible verification, meta discovery’s enablement, and most importantly, the authenticity if then tokens to be registered over the Cardano registry.
In addition, the captivating thing about this registry is that it works efficiently and systematically, as the token’s authenticity can be proved while registration with ultimate verification, and it also gives satisfaction to the clients by elaborating the developer’s efforts to mint the tokens under the proper platform’s guideline.
It was reported today that the IRA crypto platform would also introduce Cardano to the draft of available assets. Moreover, Cardano would be available to access 401K accounts and IRA investors, and it will tie interest of XRP, ETH, and LTChasha along with BTC, Link, and DOT.
from CryptocyNews.com https://www.cryptocynews.com/cardano-foundation-introduces-cardano-registry-following-smart-contracts-launch/
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Ahead of the widely anticipated listing of Coinbase’s listing on Nasdaq, the crypto firm has decided to give out 100 shares to each of its 1700 workers. This implies that with the COIN’s opening price pegged at $250 by the Nasdaq stock exchange, each full-time employee is $25,000 richer.
A Thank You Package for All Workers
The surprise package was initially declared last month and was first reported by the Business Post, an Irish media firm. It was reported after confirming the news from one of Coinbase’s employees. The giveaway was described as a way Coinbase showed its appreciation to its workers whose hard work had brought the company this far. However, Coinbase, like other big firms, gives out minor jobs like cleaning services to contractors; hence those who fill these positions are not on the list of beneficiaries.
The report has it that nothing less than 114.9 million shares would be offered for sale to the members of the public with a price tag of $250 each. COIN is the ticker symbol under which the firm’s Class A common stock would be traded on the Nasdaq marketplace. The valuation of Coinbase would undoubtedly increase after the listing. Last month, as reported by a source, Axios, Coinbase is valued at $68 million. However, it currently has a calculated $100 million valuation.
There are many arguments concerning how the listing would affect Bitcoin. A day prior to the listing, BTC was trading at a new peak of $62,700; on the day it was listed, Wednesday, its price rose remarkably as it was trading at $64,461. However, after the listing, it dropped $63,135.
Many individuals, investors, analysts, and firms hold high expectations from BTC. Some people believe that the market capitalization of BTC would soon overshadow that of Gold hitting above $10 trillion. The increase in the numbers of public and industrial investors taking an interest in Bitcoin every day would also stimulate the rise in its price.
Coinbase went public through a direct listing, which is different from IPO. The listing is a remarkable event for the exchange and the crypto world at large, as the listing is expected to stimulate reactions from other crypto firms. Even though some changes have been noticed in the crypto world since the launching was completed, it is too early to determine the new development outcome.
from CryptocyNews.com https://www.cryptocynews.com/coinbase-surprises-1700-employees-with-100-shares-as-giveaway/
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Thanks to the rapid development of technology, it has allowed platforms like Neuer Capital to become more accessible. I thought to write a Neuer Capital review so that contemporary traders understand the sort of brokerage firm they should be looking for. In the past, when online trading had started, it was not as easy to participate in. But ever since technology has taken over the world and caused developments in many fields, even online trading has improved immensely. This has been a very positive addition as the dynamics have changed. Rather than having to go out and look for brokers, then making trades happen, you can now just sit at home and do the whole process. This way, people can do more than just trading because they do not have to physically participate in it. They just need to do the task online.
So if you like staying at home, and being in your comfort zone, then this would be the type of work you would enjoy. The market has many brokers. As competition has increased, so has the number of traders and brokers. Many people have started trading, whether it is a part-time activity or full-time, so you can choose what to go for as long as you have access to the internet.
But before you begin, there are some things you should be aware of. This includes knowing which sort of market you are interested in. Traders reach out to many as there is no shortage of financial markets in this field. But as of recently, the cryptocurrency market is the one that is topping the list and gaining lots of followers. Although the currencies in this market were introduced back in 2009, they have been a hot topic since then, and people are still investing in them. The obsession had started when Bitcoin was initially introduced in the market. It had been a major hit due to its benefits and still remains the same.
So if you are interested in becoming a part of the crypto market, how can you join it? Well, it is a very simple process. You just need to look for a cryptocurrency brokerage firm. Then you just need to make an account and get started. A lot of people struggle with finding the perfect platform for cryptocurrency trading. This is mainly because when people start searching for a broker, there are so many options, and it becomes very confusing. Many also seem the same because every broker more or less sells the same promises. Whether they are authentic brokers or scam ones, this is why it is really important to be cautious and careful when choosing.
There are many factors you have to consider and analyze before you choose a broker. This is why we have written this article, as it will highlight the top features of Neuer Capital and also make readers aware of what they should be looking for when choosing a broker. If you are interested in cryptocurrency trading, then it is best to opt for a broker who focuses on crypto-only. This way, it will be able to provide you with more focused help as cryptocurrencies are much more volatile than the rest. So a brokerage firm that will be better equipped with skills to handle the volatility and help you as well is better, and Neuer Capital is a really good example amongst all cryptocurrency platforms.
It is based in the United Kingdom. This platform is relatively new as it was first introduced in 2019. But ever since it has started out, it has gained a lot of followers due to the services it provides. Continue reading to find out why Neuer Capital is not like the other platforms.
Security Measures Implemented By Neuer Capital
Security is nearly every user’s first concern when choosing a broker, as any platform which is not secure cannot be a good option for any trader. This is because when they make an account, they have to provide information that is sensitive, and along with this, platforms also require deposits. So every user looks for a broker that can offer protection for information and for the funds. Sometimes platforms promise their users that there are proper security measures in place, but this is not true. Not every broker follows up on its promise. It can be negligence or ill intentions.
So when you look for a crypto broker, make sure to check its security policies, as this will give you an idea of how secure the platform is. Neuer Capital is a platform that prioritizes security above everything. This is an important requirement, and it recognizes this. Therefore, it has taken lots of preventive measures.
Users of Neuer Capital never have to be concerned because it has incorporated the 256-bit SSL encryption within its platform. SSL stands for secure socket layer, and it is a form of encryption that basically works by coding information. Why does information need to be coded? Well, anything that you enter on the internet can possibly be at risk of being leaked. This means that if your private information is accessed by anyone, this can be used in multiple ways, which would not be legal. It could also lead to financial losses; therefore, by encrypting your information, not only is it hidden from plain sight, but it is also in a coded form so that no one can make sense of it.
The 256-bit SSL encryption is a really good type as it prohibits any third party from gaining access to a user’s information. Also, to protect funds and ensure that they are not accessible by anyone, Neuer Capital has separate accounts. So this means that the accounts of the customers and platforms are not one, nor are they linked. This keeps the funds completely separate, and there is no mixing of any money. Another benefit of this is that if the broker ever suffers a loss or anything, then users do not lose their funds.
Neuer Capital also implements two policies, which are the KYC and AML ones, as these are very important. The KYC policy is established for one reason, and that is to authenticate users before they can start working. It requires customers to submit required documents so that the identity can be confirmed. Whereas the AML one focuses on prohibiting any financial crime by supervising and monitoring transactions. If a user wants to officially start at Neuer Capital, you have to complete the steps required by the KYC policy so that your profile is recognized.
A Wide Range Of Cryptocurrencies
In order for traders to truly have a good experience in the financial market and to succeed, they have to be provided with a wide variety of assets. This allows users to broaden their expertise and try out different assets. Although the market has many crypto trading platforms, not all have a wide range of assets. This has often limited and restricted traders by forcing them to only trade certain cryptocurrencies. It can also be a major risk for traders who are just starting out as it may push them to try trading assets that are too volatile for them. Or it can restrict good traders to only try out the average assets, which would not provide them with the revenues they are in search of.
This is why it is important to be aware of the broker’s list of products prior to signing up. Once again, Neuer Capital is a really good platform as it offers a really good list of cryptocurrency products. Any trader can take a look at these and find the one which suits their needs. Let’s take a look at some of the options available at Neuer Capital.
Bitcoin: As everyone is aware, this was the first to be introduced, and it has been a major success. Till today it is considered the leading cryptocurrency and has flourished in the trading market. A factor that has made it the most popular cryptocurrency is that it is not owned by anyone. This means that no one has a hold of it, and this allows buyers the freedom which they require.
Bitcoin Cash: This was introduced in 2017, and it is affiliated with Bitcoin. But it is mostly known for really quick transactions. The main intent of introducing this cryptocurrency was to compete with other high-performance transactions, which included Visa and PayPal.
Litecoin: This has been introduced so that it could be the competitor to Bitcoin, and it has become really successful in the market. This is because it is a very flexible cryptocurrency that also does not take a really long time to be transacted. Those traders who really want to invest in Bitcoin but cannot do that due to the price can opt for this because it is cheaper but offers more or less the same benefits.
Ripple: This crypto is also referred to as XRP. And there are many reasons as to why it was introduced. Ripple can pose as a digital coin while also acting as a financial system. It also contains a lot of advanced features that play a major role in its quick transactions. And this is something that Bitcoin lacks.
Ethereum: for this asset, its cryptocurrency is referred to as Ether, and this is more of a blockchain-based platform. Within the market, it has secured the second position and has become very successful too.
Dash: this was introduced in 2014 and is very similar to bitcoin. Features that had made Bitcoin struggle with the modern cryptocurrencies were improved to make Dash a better option for users. One example of this is high-speed processing.
These are just some options that Neuer Capital offers to its customers. But for those who are interested in exploring others can also explore NEO, EOS, and Monero. No trading platform offers access to trade such assets that are some of the best in the market and also offer high revenues. But Neuer Capital has many options for its customers.
Registration Process At Neuer Capital
Nearly every platform requires customers to sign up before they can start trading or using the platform’s services. But many adopt procedures that cause customers to get frustrated before they even get started. For customers who are done with registration processes that are a waste of time and ask unnecessary things, then Neuer Capital is an ideal option. This site has a very simple registration process, and it does not take a long time.
This process also allows all types of customers to start trading. This means that whether you are new to the field or an experienced trader, you can easily access the signing-up process. Another good thing is that there is no registration fee, and it is free of cost. So all you have to do is visit the Neuer Capital site, click on the button which says Register Now, and it will require you to fill a form. This will only take a few minutes.
In this form, you just have to enter information such as your name, number, email, the country where you reside, and the currency which you plan on using. Once this is done, you just have to verify your account by clicking on the link that the site will email you, and that’s it.
Different Trading Accounts At Neuer Capital
Trading platforms usually have some account options for users to choose from. However, these are usually not very flexible nor practical for users. At Neuer Capital, you will realize that the options it provides are unique and have lots of features to offer. In total, there are six different accounts that users can choose from. This way, traders can choose the account that suits their needs and wants the most. Let’s take a look at the accounts.
Basic: this is the account that is usually recommended for beginners as it has the least deposit amount, which is 1,000 Euros. By using this account, beginners get the chance to catch up on some basic trading information that would trade them ahead of time. It also allows users to access webinars for additional help. Users also get reviews of the market and customer support so that they can reach out for help when needed.
Bronze: this account is once again for beginners but those who know a little more about trading and the market itself. This way, they are better prepared and can deposit a higher amount and be ready for higher risks. To access this account type, users have to deposit an amount of 10,000 Euros. They also get the features from the basic account as well as alerts regarding prices, as this is very beneficial in the market.
Silver: traders who are intermediate should go for this account as it offers benefits more suited to their level. To access this, an amount of 25,000 Euros needs to be deposited. All the previous features are provided, and the user gets to ask an account manager for advice. This helps in improving trades and getting some professional help from experienced people.
Gold: traders who are more experienced can go for this account as it provides a lot of features suited to their level of trading. The deposit required for this account is 50,000 Euros, and users get to customize their trading strategies as well as receiving signals for PIA SMS.
Platinum: this is the second last account type offered by Neuer Capital, and it is meant for professional traders who have a lot of experience in the market. To unlock this trader needs to deposit at least 100,000 Euros. With This account, users get invited to premier events as well as private training. And there are many more features that become accessible.
Black: The last account type is not for everyone and cannot be signed up by anyone either. To gain access to it, you have to contact your account manager and get access through them. You also have to qualify for certain things. This account is called the black account and is only for VIP members.
Easy-To-Navigate Platform
Something that many traders struggle with is making sense of the trading platforms. This often happens with newbies as they are not aware of many things. Brokers also make the mistake of adding complex things to their sites which troubles many users. To cater to every type of customer Neuer Capital has maintained a very friendly platform so all users can have a good experience. This also ensures that they are at ease while trading.
Therefore Neuer Capital has chosen a type of platform that is very simple yet really beneficial too. It is a type of proprietary platform for trading and can easily be accessed by the web. So users do not have to download any application. Rather they just need a device that has access to the browser. This way, users can easily sign-in whenever they want from wherever they are. The platform has many other features to offer, such as one-click trading that has allowed really quick transactions. This speed helps traders not miss any important information.
Conclusion
In this review, we have highlighted some of the features that make Neuer Capital different from other trading platforms. It has incorporated some of the most recent and advanced tools for its customers as well as providing a very diverse range of assets to trade with. This allows them to broaden their experience and try out different options in the financial market.
Binance has refused to sell Coinbase Stock token to its clients who wish to purchase them. It said it is not set to commence trading COIN or BUSD over the market’s ludicrous volatility. On Wednesday, 14th of April, just before Coinbase launched its Tokenized coin on the Nasdaq trading platform, Binance declared its interest to make Coinbase’s tokenized coin available to the public for trading on its network. However, the report has it that few hours after the debut, Binance announced a halt on the exchange of the coin on its platform due to fluctuation of price. The crypto firm would not begin the trade until the fluctuation stops.
New Stocks are Bound to Price Fluctuation
Binance was prepared to go all-in on the Tokenized coin (COIN) supported by the authentic stock coin ($COIN); however, since the token is a new stock and publicized, it is anticipated to be accompanied by price volatility into the market.
The tokenized stock enables investors to acquire parts of a share, avoiding commission, and as well keeps their profits intact; this is one of the reasons why a lot of people would want to get a share. However, users of token stock cannot vote in the company as this right is restricted to real stock users.
Coinbase and Binance are two top-rated exchanges
Coinbase held its stock coin’s debut on Wed, 14th of April, 2021, as it has earlier announced. Boycotting the standard IPO procedures, the crypto firm directly listed its stock. This provided opportunities for its workers and incumbent investors to offer their shares for sale at the market price. The opening price was initially slated for $250 prior to the listing time, but no Share was exchanged at a price.
During the debut, there was a 52% increase; that is, it increased to $381, it then quickly rose to $424 before dropping to $313. Hence, it has not been stable. The day ended with Coinbase having a market cap of $62 billion. However, it currently has a market cap of $87 billion.
Binance is a crypto exchange network that offers a conducive platform to transact about 200 digital currencies. It is reported that by trade volume, it is the largest platform that provides crypto transactions in the world. BNB is a token coin owned by Binance.
The coin can be traded with other digital coins. It was founded by Changpeng Zhao and Yi He in 2017. The quick transformation of the crypto firm is a result of its helpful token, intuitive solutions, as well as excellent management. About half a year of its existence, the firm had already recorded 3 million clients.
Within the same year of creation, the exchange was also announced as one of the top 3 crypto firms in the world. It has a market cap of BNB is currently at $84 billion. Binance and Coinbase are two top-rated exchanges in the cryptocurrency market. The two have been rivals for years.
