For Investors

Why DACH could be the key to injecting $657B into cryptocurrencies

Source Node: https://ambcrypto.com/why-dach-could-be-the-key-to-injecting-657b-in-cryptocurrencies/
Time Stamp: August 5, 2021 8:00 AM - Modified On: August 5, 2021 - Published By:
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Republished By Plato

Regulatory uncertainty and restrictions have been a bane for the crypto-space for a while. However, in a way, they have also ushered in greater adoption. Consider this – Between $100 billion and $657 billion could flow into the crypto-market from the DACH region within the next three years, a new survey has found. How? Well, all thanks to the region’s changing regulatory landscape. DACH to the rescue 70 investment funds in Germany (D), Austria (A), and Switzerland (CH) were surveyed in the report by Russia’s Mindsmith. According to the same,

MoonBoys Finance to Aurum: What does this change entail for AUR holders?

Source Node: https://ambcrypto.com/moonboys-finance-to-aurum-what-does-this-change-entail-for-aur-holders/
Time Stamp: August 5, 2021 5:15 AM - Modified On: August 5, 2021 - Published By:
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Republished By Plato

Last year’s DeFi boom gave rise to a spectrum of emerging trends in the crypto space. Among the most prominent ones is the deflationary token trend that comes with an opportunity for exponential rewards for its investors. Capitalizing on this trend emerged another prominent project called MoonBoys Finance. For all of you crypto nerds out there, MoonBoys Finance ($MBS) must be quite a familiar name. The project reached a market cap of over $80M at peak and garnered a record-breaking 11200+ holders in the first seven days.  While all these

US Congressman Beyer Introduces Crypto Bill With ‘Basic Protections’ For Investors

Source Node: https://decrypt.co/77245/us-congressman-beyer-introduces-crypto-bill-with-basic-protections-for-investors
Time Stamp: July 30, 2021 10:37 AM - Modified On: July 30, 2021 - Published By:
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Republished By Plato

In brief A U.S. Congressman has introduced legislation surrounding the regulation of digital assets. The law would provide clarity on the roles of several regulatory authorities including the SEC and the CFTC. Representative Don Beyer (D-VA) introduced legislation to regulate digital assets earlier this week. The legislation, titled the “Digital Asset Market Structure and Investor Protection Act,” aims to protect consumers while simultaneously promoting financial innovation. “Unfortunately, the current digital asset market structure and regulatory framework is ambiguous and dangerous for investors and consumers. Digital asset holders have been subjected to

Race cars and earn cryptocurrency with Riot Racers

Source Node: https://ambcrypto.com/race-cars-and-earn-cryptocurrency-with-riot-racers/
Time Stamp: July 28, 2021 10:00 AM - Modified On: July 28, 2021 - Published By:
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Republished By Plato

The gaming industry has grown exponentially in the past few years, and the play-to-earn gaming model is leading the way with an innovative approach that puts the gamer in the driver’s seat. Play-to-earn is a relatively newer concept that allows players to own part of the game, earn cryptocurrency-backed tokens by playing, and later trade or exchange earned tokens for fiat on cryptocurrency exchanges. While the play-to-earn gaming industry has seen steady growth recently, many of the games have become too expensive to start playing, with the cost to play

The Effect of Coronavirus on the Cryptocurrency Market

Source Node: https://coinrabbit.io/blog/the-effect-of-coronavirus-on-the-cryptocurrency-market/
Time Stamp: December 30, 2020 5:58 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The year 2020, has been greatly eventful. From threats of a world war, to increased terrorist attacks. A biography on the life of the year 2020, would not only be a bestseller but also an excellent read. However the most significant single event of this year is and has been the coronavirus (COVID-19) pandemic, at its global takeover. From a regular virus, one that was once considered to be not worse than a cold flu, to transition into a global pandemic outbreak. The COVID-19 pandemic has affected every aspect of

AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

Source Node: https://cointelegraph.com/news/airbit-club-ponzi-operators-charged-with-fraud-and-money-laundering
Time Stamp: August 19, 2020 5:07 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe.According to an announcement from the U.S. Department of Justice, four of the five alleged operators of AirBit Club, which allegedly netted tens of millions of dollars from victims, were arrested and due to appear in court on Aug. 18, while the fifth was arrested in Panama and is awaiting extradition to the U.S.The scheme was launched in late 2015 and sold as a multi-level marketing club in

Gemini Set to Bring Crypto Custody and Trading Services to RIAs

Source Node: https://beincrypto.com/gemini-set-to-bring-crypto-custody-and-trading-services-to-rias/
Time Stamp: August 18, 2020 3:29 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In another plus for institutional cryptocurrency adoption in the United States, Gemini is offering crypto custody and trading services to registered investment advisors (RIAs). The move comes as a result of a partnership between Gemini and Blockchange, a crypto investment firm focused on wealth managers. Full-Spectrum Crypto Services for RIAs According to a press release issued by Blockchange on Tuesday, the collaboration with Gemini will enable the provision of institutional-grade cryptocurrency trading and custody solutions. Both companies aim to become a “one-stop-shop” for crypto trading and custody for big-money investors.

Bitcoin and Gold Short-Lived Correlation Not a Sign of Comparability

Source Node: https://cointelegraph.com/news/bitcoin-and-gold-short-lived-correlation-not-a-sign-of-comparability
Time Stamp: August 18, 2020 10:30 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) and gold one-month correlation reached a record high of 68% as Bitcoin hit $12,000 early in August, but the correlation crashed by 20% the following week. Despite this, Bitcoin looks set to become digital gold in 2020 considering the price correlations and trends in the futures market.Both gold and Bitcoin are having a phenomenal year in terms of year-to-date returns. According to Skew Analytics, gold has a 27.93% YTD return, while Bitcoin has racked up a 71.68% YTD yield. Although Bitcoin sees much higher volatility than gold,

Grayscale’s Bitcoin Cash and Litecoin Funds Available for Public Trading

Source Node: https://beincrypto.com/grayscales-bitcoin-cash-and-litecoin-funds-available-for-public-trading/
Time Stamp: August 18, 2020 3:48 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The digital asset management firm Grayscale Investments announced on Aug 17 that its Bitcoin Cash and Litecoin Trusts are now publicly tradable. Shares of the two trusts will be traded on OTC markets under the tickers BCHG and LTCN. Bitcoin Cash and Litecoin have joined the Grayscale Bitcoin Trust (GBTC), Ethereum Trust (ETHE), Ethereum Classic Trust (ETCG), and Digital Large Cap Fund (GDLC) as being publicly tradeable. US securities investors will be able to trade Bitcoin Cash and Litecoin without having to buy and store the assets themselves. Prior to

Record Ethereum Network Use and Gas Fees Pose Risk to DeFi Expansion

Source Node: https://cointelegraph.com/news/record-ethereum-network-use-and-gas-fees-pose-risk-to-defi-expansion
Time Stamp: August 15, 2020 5:31 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high. As shown on the chart below, the number of transactions doubled in the past six months to stand at 1.23 million per day. Ethereum 7-day average daily transactions. Source: CoinMetricsThis situation might seem very bullish at first, but one must remember both EOS and Tron (TRX) started as ERC-20 tokens before launching their own mainnet and running fully independent blockchains.A similar chain migration is happening on Tether’s USDT, a stablecoin

Grayscale Bitcoin Trust Saw Surge in Investor Interest After March

Source Node: https://cointelegraph.com/news/grayscale-bitcoin-trust-saw-surge-in-investor-interest-after-march
Time Stamp: August 12, 2020 9:18 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Grayscale Bitcoin Trust, an investment tool that aims to provide an indirect exposure to Bitcoin (BTC) for investors in traditional markets, reported a significant increase in how many shares it issued between Q2 and Q1 of 2020.According to an Aug. 7 filing with the Securities and Exchange Commission, the trust issued more than 87 million shares in Q2 2020, compared to the total of 133 million shares issued for all of 2020.The trust issued almost 90% more shares in the second quarter of 2020 compared to the first. This