11% Of US Insurers Have Invested In Cryptocurrency Or Considering Doing So.
According to a Goldman Sachs global study of 328 chief finance and chief investment officers about their firms' asset allocations and portfolios, US-based insurers are the most interested in cryptocurrency investment.
The investment banking behemoth's annual worldwide insurance investment survey included replies about cryptocurrency, with 11 percent of U.S. insurance firms indicating an interest in investing or have a current investment in crypto.
@CryptoTrades #dailynews #btc #bitcoin #goldmansachs #cryptocurrency #investing
According to a Goldman Sachs global study of 328 chief finance and chief investment officers about their firms' asset allocations and portfolios, US-based insurers are the most interested in cryptocurrency investment.
The investment banking behemoth's annual worldwide insurance investment survey included replies about cryptocurrency, with 11 percent of U.S. insurance firms indicating an interest in investing or have a current investment in crypto.
@CryptoTrades #dailynews #btc #bitcoin #goldmansachs #cryptocurrency #investing
CEO CZ of Binance, Claims To Own Just Cryptocurrency And Not Any Fiat Currency.
Despite Bitcoin plummeting following a brief rally above $32,000, Binance CEO Changpeng Zhao (CZ) restated his bullish outlook for the industry in the long run.
He argued that the asset is both an investment and a currency, and that despite recent volatility, the crypto industry will continue to grow.
CZ stated that he does not own any fiat currency and that crypto is the sole asset he utilises to make purchases.
@CryptoTrades #dailynews #cz #changpengzhao #cryptocurrency #binance #binanceceo
Despite Bitcoin plummeting following a brief rally above $32,000, Binance CEO Changpeng Zhao (CZ) restated his bullish outlook for the industry in the long run.
He argued that the asset is both an investment and a currency, and that despite recent volatility, the crypto industry will continue to grow.
CZ stated that he does not own any fiat currency and that crypto is the sole asset he utilises to make purchases.
@CryptoTrades #dailynews #cz #changpengzhao #cryptocurrency #binance #binanceceo
Sao Paulo, A Brazilian Soccer Team, Has Adopted Cryptocurrency Payment Method.
Sao Paulo, one of the most successful Brazilian soccer clubs, became the first in the country to allow fans to purchase match tickets using cryptocurrencies.
Sao Paulo partnered with the cryptocurrency exchange Bitso a few months ago.
As a result, the corporation has agreed to sponsor the team for the next three years.
Only registered fans with membership cards will be able to take advantage of the promotion at first.
@CryptoTrades #dailynews #cryptopayments #saopaulo #soccer #football #fans
Sao Paulo, one of the most successful Brazilian soccer clubs, became the first in the country to allow fans to purchase match tickets using cryptocurrencies.
Sao Paulo partnered with the cryptocurrency exchange Bitso a few months ago.
As a result, the corporation has agreed to sponsor the team for the next three years.
Only registered fans with membership cards will be able to take advantage of the promotion at first.
@CryptoTrades #dailynews #cryptopayments #saopaulo #soccer #football #fans
PayPal Now Offers New Cryptocurrency Transfer Services To Users.
Payment Service Provider, PayPal has updated its cryptocurrency app with additional features, as a way of expanding it's crypto offering.
It enables PayPal users to send and receive cryptocurrency between PayPal and other wallets.
Supported Cryptocurrency tokens like Bitcoin, Ether, Bitcoin Cash, and Litecoin can now be sent to external addresses, including those connected to exchange accounts and hardware wallets.
@CryptoTrades #dailynews #paypal
Payment Service Provider, PayPal has updated its cryptocurrency app with additional features, as a way of expanding it's crypto offering.
It enables PayPal users to send and receive cryptocurrency between PayPal and other wallets.
Supported Cryptocurrency tokens like Bitcoin, Ether, Bitcoin Cash, and Litecoin can now be sent to external addresses, including those connected to exchange accounts and hardware wallets.
@CryptoTrades #dailynews #paypal
After Months Of Delays, Ledger Live Finally Adds ADA Support.
After months of anticipation, Cardano has finally arrived at Ledger Live, meaning that Ledger Live users will be able to send, receive, buy, and manage ADA directly.
The Ledger Live app now supports the top ten largest cryptocurrencies by market capitalisation, thanks to the ADA's long-awaited integration.
Cardano is now the seventh largest cryptocurrency, with a market capitalisation of $15.4 billion.
@CryptoTrades #dailynews #ada #cardano #ledger #ledgerlive
After months of anticipation, Cardano has finally arrived at Ledger Live, meaning that Ledger Live users will be able to send, receive, buy, and manage ADA directly.
The Ledger Live app now supports the top ten largest cryptocurrencies by market capitalisation, thanks to the ADA's long-awaited integration.
Cardano is now the seventh largest cryptocurrency, with a market capitalisation of $15.4 billion.
@CryptoTrades #dailynews #ada #cardano #ledger #ledgerlive
Largest Airline In Spain, Vueling Accepts Bitcoin As A Method Of Payment.
Vueling, a Barcelona-based airline and BitPay have signed an agreement that would allow airline customers to pay using cryptocurrency.
Vueling will be Europe's first low-cost carrier to do so.
They will employ UATP's technology, which is a global payment network for the aviation industry and allows for a speedy integration procedure.
Customers will be able to pay for their flight using over 100 different wallets and 13 different cryptocurrencies.
@CryptoTrades #dailynews #btc #bitcoin #vueling
Vueling, a Barcelona-based airline and BitPay have signed an agreement that would allow airline customers to pay using cryptocurrency.
Vueling will be Europe's first low-cost carrier to do so.
They will employ UATP's technology, which is a global payment network for the aviation industry and allows for a speedy integration procedure.
Customers will be able to pay for their flight using over 100 different wallets and 13 different cryptocurrencies.
@CryptoTrades #dailynews #btc #bitcoin #vueling
Ripple Forms New Partnership To Build An Open Metaverse.
Ripple, a well-known creator of corporate crypto and blockchain solutions, has announced the introduction of the Root Network, a decentralised blockchain network, in collaboration with FLUF World, a global creative community and NFT collectibles ecosystem.
The network will be used to bring "The Open Metaverse" to life, which will combine numerous NFT collections with over 195,000 unique products and over 340,000 transactions.
@CryptoTrades #dailynews #xrp #ripple #fluf #metaverse #nft
Ripple, a well-known creator of corporate crypto and blockchain solutions, has announced the introduction of the Root Network, a decentralised blockchain network, in collaboration with FLUF World, a global creative community and NFT collectibles ecosystem.
The network will be used to bring "The Open Metaverse" to life, which will combine numerous NFT collections with over 195,000 unique products and over 340,000 transactions.
@CryptoTrades #dailynews #xrp #ripple #fluf #metaverse #nft
Football Player, Cristiano Ronaldo Joins With Binance Exclusively On An NFT Deal.
Football star Cristiano Ronaldo and cryptocurrency exchange Binance have launched an exclusive non-fungible token (NFT) cooperation.
According to Binance, the multi-year cooperation aims to use Web3 as an entrance point to link Ronaldo with his supporters.
In accordance with the agreement, Ronaldo will work with Binance to develop a number of NFTs products for the marketplace; the first collectibles are expected to go on sale later this year.
@CryptoTrades #dailynews #nft #binance #cristianoronaldo
Football star Cristiano Ronaldo and cryptocurrency exchange Binance have launched an exclusive non-fungible token (NFT) cooperation.
According to Binance, the multi-year cooperation aims to use Web3 as an entrance point to link Ronaldo with his supporters.
In accordance with the agreement, Ronaldo will work with Binance to develop a number of NFTs products for the marketplace; the first collectibles are expected to go on sale later this year.
@CryptoTrades #dailynews #nft #binance #cristianoronaldo
Cathie Wood Predicts That The Crypto Revolution Will Continue.
Ark Invest CEO Cathie Wood expressed optimism about the future of cryptocurrencies and emphasised that, despite the recent market dip, they will not be stopped.
The Metaverse and non-fungible tokens (NFTs) are, in Ark's opinion, the internet's future counterparts.
The investor is certain that the digital property rights afforded by NFTs will become extremely essential even though this revolution is still in its early stages.
@CryptoTrades #dailynews #nft #metaverse #cathiewood #arkinvest
Ark Invest CEO Cathie Wood expressed optimism about the future of cryptocurrencies and emphasised that, despite the recent market dip, they will not be stopped.
The Metaverse and non-fungible tokens (NFTs) are, in Ark's opinion, the internet's future counterparts.
The investor is certain that the digital property rights afforded by NFTs will become extremely essential even though this revolution is still in its early stages.
@CryptoTrades #dailynews #nft #metaverse #cathiewood #arkinvest
Prefer Cryptocurrency To Mutual Funds, According To A Survey.
Adults living in the United States were recently polled by the investment firm Alto to learn more about their investing preferences.
Based on the findings, more millennials between the ages of 25 and 40 are investing in cryptocurrencies than mutual funds.
Nearly 40% of millennial respondents, according to the survey have made cryptocurrency investments, which is larger than the proportion of millennials who own mutual funds
@CryptoTrades #dailynews #cryptoinvesting #millennials
Adults living in the United States were recently polled by the investment firm Alto to learn more about their investing preferences.
Based on the findings, more millennials between the ages of 25 and 40 are investing in cryptocurrencies than mutual funds.
Nearly 40% of millennial respondents, according to the survey have made cryptocurrency investments, which is larger than the proportion of millennials who own mutual funds
@CryptoTrades #dailynews #cryptoinvesting #millennials
Today's crypto news digest:
🔸Celsius says its exploring strategic transactions, restructuring (source)
🔸FTX close to buying BlockFi for just $25M (source)
🔸CFTC charges South African pool operator and CEO with $1.7 billion fraud involving Bitcoin (source)
🔸Singapore authorities reprimand Three Arrows Capital for providing false information (source)
🔸OpenSea hit by data breach after email delivery partner leaks addresses (source)
🔸SEC rejects Grayscale and Bitwise spot Bitcoin ETF applications - Grayscale Investments initiates lawsuit against the SEC over Bitcoin spot ETF rejection (source)
@CryptoTrades #dailynews
🔸Celsius says its exploring strategic transactions, restructuring (source)
🔸FTX close to buying BlockFi for just $25M (source)
🔸CFTC charges South African pool operator and CEO with $1.7 billion fraud involving Bitcoin (source)
🔸Singapore authorities reprimand Three Arrows Capital for providing false information (source)
🔸OpenSea hit by data breach after email delivery partner leaks addresses (source)
🔸SEC rejects Grayscale and Bitwise spot Bitcoin ETF applications - Grayscale Investments initiates lawsuit against the SEC over Bitcoin spot ETF rejection (source)
@CryptoTrades #dailynews
Facebook Starts Experimenting With Polygon And Ethereum NFTs On Profiles.
On its main social network, Meta, formerly known as Facebook, has started rolling out NFTs for some American creators.
Facebook will shortly add support for NFTs on Solana and Flow in addition to its initial focus on Ethereum and Polygon NFTs.
Users can display their NFTs, which are exclusive blockchain tokens that denote ownership, on a "digital collectibles" page on their Facebook profiles.
@CryptoTrades #dailynews #facebook #nft #meta #eth #matic
On its main social network, Meta, formerly known as Facebook, has started rolling out NFTs for some American creators.
Facebook will shortly add support for NFTs on Solana and Flow in addition to its initial focus on Ethereum and Polygon NFTs.
Users can display their NFTs, which are exclusive blockchain tokens that denote ownership, on a "digital collectibles" page on their Facebook profiles.
@CryptoTrades #dailynews #facebook #nft #meta #eth #matic
Launch Of The Cardano Vasil Update On Testnet Has Been Successful.
The much-awaited Vasil hard fork, has now been finished on the Cardano testnet, taking it one significant step closer to being implemented on the mainnet and promising significant performance improvements.
Stake pool operators (SPO), exchanges, and project developers are now invited to release their work on the testnet to ensure that integrations function properly when the mainnet receives the Vasil upgrade in around four weeks.
@CryptoTrades #dailynews #ada #cardano #vasil #testnet
The much-awaited Vasil hard fork, has now been finished on the Cardano testnet, taking it one significant step closer to being implemented on the mainnet and promising significant performance improvements.
Stake pool operators (SPO), exchanges, and project developers are now invited to release their work on the testnet to ensure that integrations function properly when the mainnet receives the Vasil upgrade in around four weeks.
@CryptoTrades #dailynews #ada #cardano #vasil #testnet
Dogecoin Will Be Accepted By Elon Musk's Boring Company For Las Vegas Loop.
Tunnel Construction Service Company, The Boring Company has announced memecoin, Dogecoin as a new mode of payment for accessing the Vegas Loop system and established a transportation station there.
Elon Musk, the founder of The Boring Company and the CEO of Tesla, responded to a tweet that nearly confirmed the new use case for Dogecoin by stating that he will always keep on helping Dogecoin everywhere he can.
@CryptoTrades #dailynews #elonmusk #doge #dogecoin #memecoin #theboringcompany #tesla
Tunnel Construction Service Company, The Boring Company has announced memecoin, Dogecoin as a new mode of payment for accessing the Vegas Loop system and established a transportation station there.
Elon Musk, the founder of The Boring Company and the CEO of Tesla, responded to a tweet that nearly confirmed the new use case for Dogecoin by stating that he will always keep on helping Dogecoin everywhere he can.
@CryptoTrades #dailynews #elonmusk #doge #dogecoin #memecoin #theboringcompany #tesla
Ruchir Sharma, Rockefeller International Chairman Says Bitcoin Will Resurface Stronger.
According to Rockefeller International Managing Director and Chairman Ruchir Sharma, Bitcoin (BTC) is basically a fantastic idea that has been ruined by too much cheap money and speculative curiosity.
These comments come after several weeks of the general crypto market crashing. However, Sharma argues that before bitcoin and other cryptocurrencies can once again emerge as a reliable asset, the excesses must first be eliminated.
@CryptoTrades #dailynews #bitcoin #btc #rockerfellainternational #ruchirsharma
According to Rockefeller International Managing Director and Chairman Ruchir Sharma, Bitcoin (BTC) is basically a fantastic idea that has been ruined by too much cheap money and speculative curiosity.
These comments come after several weeks of the general crypto market crashing. However, Sharma argues that before bitcoin and other cryptocurrencies can once again emerge as a reliable asset, the excesses must first be eliminated.
@CryptoTrades #dailynews #bitcoin #btc #rockerfellainternational #ruchirsharma
Bitcoin Is Now Available In Over 175,000 ATMs Following Hyosung America's Crypto Integration.
With the addition of cryptocurrency services to Hyosung America's upcoming app store, Bitcoin can now be purchased at over 175,000 ATMs worldwide.
In this regard, Hyosung America, the largest ATM maker in the US, has partnered with Digitalmint, a top Bitcoin point-of-sale (POS) provider.
Customers can instantly purchase cryptocurrencies like Bitcoin through DigitalMint at ATM and teller locations across the country.
@CryptoTrades #dailynews #bitcoin #btc #atm #hyosungamerica #digitalmint
With the addition of cryptocurrency services to Hyosung America's upcoming app store, Bitcoin can now be purchased at over 175,000 ATMs worldwide.
In this regard, Hyosung America, the largest ATM maker in the US, has partnered with Digitalmint, a top Bitcoin point-of-sale (POS) provider.
Customers can instantly purchase cryptocurrencies like Bitcoin through DigitalMint at ATM and teller locations across the country.
@CryptoTrades #dailynews #bitcoin #btc #atm #hyosungamerica #digitalmint
Binance Exchange Now Holding The Most Bitcoin Globally, Overtaking Coinbase.
Will Clemente, the chief insights analyst at Blockware Solution, reports that Crypto Exchanges Binance and Coinbase have alternated holding the largest amount of Bitcoin of any exchange.
Coinbase, which is the more established among the two exchanges since 2012, have always had a clear advantage, but Binance, which entered the cryptocurrency market in 2017, has since thrived to overtake it.
@CryptoTrades #dailynews #bitcoin #btc #binance #coinbase
Will Clemente, the chief insights analyst at Blockware Solution, reports that Crypto Exchanges Binance and Coinbase have alternated holding the largest amount of Bitcoin of any exchange.
Coinbase, which is the more established among the two exchanges since 2012, have always had a clear advantage, but Binance, which entered the cryptocurrency market in 2017, has since thrived to overtake it.
@CryptoTrades #dailynews #bitcoin #btc #binance #coinbase
80% Of All Bitcoins Are Held By Long-term Investors.
According to Glassnode data, long-term holders (LTHs) possess 80% of the total circulating quantity of Bitcoin.
Long-term holders, which are defined as customers who have owned Bitcoin for at least six months, are typically the ones that provide the most support for the bottoms of Bitcoin's market cycles.
In Bitcoin markets, they are regarded as "smart money" and are frequently observed acquiring Bitcoin when markets are repressed.
@CryptoTrades #dailynews #bitcoin #btc #glassnode #hodl
According to Glassnode data, long-term holders (LTHs) possess 80% of the total circulating quantity of Bitcoin.
Long-term holders, which are defined as customers who have owned Bitcoin for at least six months, are typically the ones that provide the most support for the bottoms of Bitcoin's market cycles.
In Bitcoin markets, they are regarded as "smart money" and are frequently observed acquiring Bitcoin when markets are repressed.
@CryptoTrades #dailynews #bitcoin #btc #glassnode #hodl
The Asset Management Division Of Charles Schwab Introduces A Crypto-linked ETF.
The asset management division of banking behemoth Charles Schwab, Schwab Asset Management, has introduced an exchange-traded fund (ETF) with exposure to businesses involved in cryptocurrencies.
On August 4, Schwab predicted that its Crypto Thematic ETF would be tradable on the Arca of the New York Stock Exchange with the ticker STCE.
The firm announced a Crypto Economy ETF in March, which was followed by the anticipated launch of the cryptocurrency-linked ETF.
@CryptoTrades #dailynews #etf #charlesschwab #stce #newyorkstockexchange
The asset management division of banking behemoth Charles Schwab, Schwab Asset Management, has introduced an exchange-traded fund (ETF) with exposure to businesses involved in cryptocurrencies.
On August 4, Schwab predicted that its Crypto Thematic ETF would be tradable on the Arca of the New York Stock Exchange with the ticker STCE.
The firm announced a Crypto Economy ETF in March, which was followed by the anticipated launch of the cryptocurrency-linked ETF.
@CryptoTrades #dailynews #etf #charlesschwab #stce #newyorkstockexchange
Since December 2020, Ethereum-based Transactions Have Become Cheaper.
The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones.
The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020.
Therefore, the network's popularity in fields like decentralised finance (DeFi) and non-fungible currencies is likely to be fuelled by the cheap costs (NFT).
@CryptoTrades #dailynews #eth #ethereum #pos #defi #nft
The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones.
The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020.
Therefore, the network's popularity in fields like decentralised finance (DeFi) and non-fungible currencies is likely to be fuelled by the cheap costs (NFT).
@CryptoTrades #dailynews #eth #ethereum #pos #defi #nft