An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year. Crypto FOMO Will Drive Investments in 2022 Flori Marquez, Blockfi’s co-founder and senior vice …
Tag archives: Bitcoin
Billionaire Ray Dalio’s Investing Advice: Avoid Cash, Think in Inflation-Adjusted Dollars, Crypto Helps Diversify
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his investment strategy with cryptocurrency as part of his portfolio. He warned that cash is the worst investment because it is eaten away by inflation. Ray Dalio’s Investment Advice: Cash Is Depreciating, Diversify Portfolio Well Bridgewater Associates founder Ray Dalio …
HoDooi founder Matt Luczynski believes “NFT will be the key to unlocking Web3”
HoDooi.com (HOD) is a multi-chain marketplace for non-fungible tokens (NFTs) launched by Travala.com Co-founder Matt Luczynski. The one-stop-shop NFT platform debuted with its Tyson Fury collection back in July, and CryptoSlate caught up with HoDooi’s founder and CEO to discuss some of the most notable milestones achieved since, as well as what’s on the agenda …
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BIS Exec Says Defi Is a ‘Wake-up Call’ for Regulators, Global Crypto Policy Expected in 2022
A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial regulators, he said countries “are likely to agree on a global framework for crypto next year.” BIS Officer Sees Defi as a Wake-up …
Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary …
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DOGE and SHIB Led the Pack of Meme-Based Assets in 2021, Both Tokens Dominate 85% of the Meme-Coin Economy
The end of 2021 is approaching and the market capitalization of meme-based digital currencies like dogecoin and shiba inu has been extremely prominent this year. In fact, the $46.9 billion worth of meme crypto-assets represents 2% of the $2.32 trillion crypto economy. Dogecoin and shiba inu alone capture roughly 85.28% of the meme crypto market …
India’s top bank calls for complete crypto ban
With authorities in India still unsure on how to deal with the crypto industry, the apex bank of the Asian country has reportedly made it clear that it would prefer the country to tow the China path by completely banning crypto. RBI insists on banning crypto According to the Economic Times, the bank made this …
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Hundreds of Millions Worth of ‘Sleeping Bitcoins’ Woke up After BTC’s Mid-November Price High
On Sunday, December 19, a dormant address that received 235 bitcoin in 2013 was activated after more than nine years of sitting idle. Bitcoin’s price has dropped lower after reaching its all-time high on November 10, and throughout December, records show a great number of so-called ‘sleeping bitcoins’ have activated during this period. Dormant Addresses …
Financial Services Company SBI Group Launches Diversified Crypto Fund in Japan
SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets …
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Demand for Mining Hardware Spikes in Russia, Prices Rise
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing …
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Invictus Capital Announces NFT Collection to Give African Artists Global Exposure
Invictus Capital has unveiled its first non-fungible token collection, called “Out of Africa,” through the Invictus NFT Lab. Through this collection, Invictus Capital will showcase fine art via blockchain technology as well as connect artists from Africa with the rest of the world. Invictus Capital to Release NFT Collection Blockchain investment platform Invictus Capital recently …
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Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than $140 million from investors via his Aidos Kuneen cryptocurrency. Threats Against Investors According to a local report, Kenyan businessman Ricardo Badoer is being accused of defrauding investors via his Aidos Kuneen cryptocurrency of more than $140 million. The …
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Internet vs. crypto adoption chart predicts 1 billion users by 2027
Crypto influencer Lark Davies tweeted a chart showing internet and crypto adoption rates. By superimposing the respective lines, taking account of when both started gaining traction, a close correlation is demonstrated between the two. If this trend holds, it’s predicted that there will be 1 billion crypto users by 2026/27. That’s a 5x increase from …
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Survey Shows Millennial Millionaires Plan to Buy More Crypto Next Year Despite Price Volatility
While the cryptocurrency economy has seen significant losses across the board — losing billions during the last two weeks — a recent CNBC millionaire survey indicates that millennial millionaires have a lot of crypto. Furthermore, millennial millionaires plan to add more digital assets to their portfolios in 2022. 83% of Millennial Millionaires Own Cryptocurrency, According …
Binance Developing Crypto Exchange in Indonesia
Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure provider Binance announced Wednesday that it has established a …
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