Month: July 2021

A recent survey of financial advisors and their investing strategies shows “a significant shift to embracing cryptocurrencies.” More than 26% indicated that they plan to increase their recommendation of cryptocurrencies over the next 12 months. Furthermore, 49% of advisers said that clients have asked them about investing in cryptocurrencies in the last six months. Financial Advisors Show Significant Shift to Embracing Cryptocurrencies The 2021 Trends in Investing Survey, conducted by the Journal of Financial Planning and the Financial Planning Association Read more …

sponsored Zürich, Switzerland, 1 July 2021 – Anyone with a green conscience can now join the crypto movement. The next generation and world’s first truly sustainable blockchain Signum is now live. As a fully integrated smart platform featuring multiple innovations, Signum is a one-stop solution to transfer, trade, and mine its native cryptocurrency Signa (ticker: SIGNA). Signum combines world-class features such as smart contracts, peer-to-peer messaging, and token creation with fast and secure digital payments – all of them on Read more …

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly told investors that the country’s currency is overvalued by 10%. The governor’s remarks, which have been confirmed by two unnamed sources, suggest that the central bank is planning to devalue the naira again. Another Naira Devaluation Loading As previously reported by Bitcoin.com News, in May 2021, authorities in Nigeria allowed the naira’s exchange rate against the US dollar to drop from a fixed rate of 381 per Read more …

Digitalization allows people to optimize and accelerate many processes. For example, we have messengers for rapid communications and electronic wallets to make quick payments for goods and services. Unfortunately, most services require separate applications that clog up device memory and create confusion. The developers at XQR have found a solution to this problem. We suggest you take a closer look at this startup project, which many call a multifunctional social network of the future. What exactly is XQR? XQR’s developers Read more …

With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by the publication of proposals earlier in June,” to be complete “in three to six months.” Acknowledging Risks Associated With Crypto According to a report, under the requirements of the upcoming regulatory regime, players in South Africa’s Read more …

The congressional hearing hilariously titled “America on ‘FIRE:’ Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” is the gift that keeps on giving. NewsBTC already analyzed some aspects of it, but Peter Van Valkenburgh’s testimony merits an article on its own. The Director of Research at Coin Center got several important ideas on the record, and we’d better register and remember them. The previous article’s introduction still stands: The U.S. Congress Oversight and Investigations Read more …

Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan Can Now Be Used to Pay for Fares on China’s Major Public Transport Railways China’s capital of Beijing and the People’s Bank of China (PBOC) Read more …

MANTRA DAO ($OM) has brought reality TV to the cryptosphere with the launch of a weekly YouTube series taking viewers behind the scenes and into the organization’s Hong Kong office. Having shot and released its third week of productions, each episode has so far followed MANTRA DAO co-founders John Patrick Mullin, Will Corkin, and Rodrigo Quan as they coordinate with team members around the globe and hold face-to-face meetings concerning upcoming developments and partnerships The series aims to give Sherpas, Read more …

Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive industry. Coin Miners in Kazakhstan to Pay Extra Fee per Kilowatt-hour of Electricity Crypto mining entities in Kazakhstan are going to pay a surcharge for the electrical energy they burn. President Kassym-Jomart Tokayev has signed a new law this week amending Read more …

Ethereum is trading in a positive zone above the $2,150 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,300. Ethereum is trading in a positive zone above the $2,100 and $2,150 support levels. The price is now trading above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,140 on the hourly chart of ETH/USD Read more …

sponsored Vent is excited to announce the launch of their IDO on the Ventup platform, nurtured by Vent Finance. This innovative community-driven platform promises to usher in a new era of decentralized funding for vetted projects and help empower entrepreneurs on their journey to success. Vent – Welcome to the All-in-One Ecosystem Vent has announced it is launching the Ventup IDO Launchpad on Polygon to provide startups that launch on the platform with scalability, modular security solutions and compatibility with Read more …

The market capitalization of all 10,722 cryptocurrencies in existence is around $1.42 trillion on Wednesday and during the last 24 hours, all of these crypto-assets combined lost 3.92%. Meanwhile, bitcoin captures 45.73% of the entire $1.42 trillion capitalization and ethereum commands 17.8%. As both of these leading assets have improved this week, seven-day changes against the U.S. dollar show a great number of other crypto-assets have seen much bigger double-digit gains. Steemit Coins, 51% Attacked Tokens, and Forgotten Crypto Assets Read more …