Day: March 18, 2021

Study Shows Soon To Be Banned India Is Second Most Interested Country In Crypto

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The soaring interest surrounding crypto assets like Bitcoin, Ethereum, and other altcoins, is highly centralized in the United States compared to the rest of the world. However, a new study shows that India ranks second, behind only the US in terms of overall interest in digital currencies. What’s notable about this new finding, is that the country is expected to make a landmark move in banning its citizens from transacting in cryptocurrencies. Here’s how other countries rank in terms of overall interest, as well as what the rising interest in…

JPMorgan offers BTC exposure, an ETF in sheep’s clothing

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Cryptocurrency adoption has been penetrating the mainstream at an exponential rate. While most investors are going straight into buying the likes of Bitcoin (BTC) and Ether (ETH), a few skeptical investors want to invest in the cryptocurrency economy without exposure to tokens’ volatility directly.  This volatility is evident in the recent all-time high Bitcoin of around $61,700 reached on March 14, before dropping to trading in the $56,000 range and then rising to around $59,000 at the time of publication. Bitcoin’s market capitalization has now surpassed that of Visa and…

Crypto Market Analysis (Feb. 27th)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Thank you for watching this week’s Crypto Market Analysis! You can follow my actively managed crypto strategy that so far generated over 2300% return with a single click using the amazing ICONOMI platform: On-chain analysis in this video were done using: Santiment: Cryptoquant: ———————————————————————————————————————– Disclaimer: The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. Tags (ignore): bitcoin, ethereum,…

UK Advertising Regulator Bans Bitcoin Ad Deemed Misleading

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The Advertising Standards Authority (ASA), a self-regulatory advertising watchdog in the UK, has banned a bitcoin ad by cryptocurrency exchange, Coinfloor, for misleading a particular target audience.  Bitcoin Ad Seen as Misleading and Socially Irresponsible  According to an announcement on Wednesday (Mar. 17, 2021), the ASA upheld a complaint brought to the regulator against a bitcoin advert by Coinfloor. The watchdog noted that the ad violated rules of the UK Code of Non-broadcast Advertising, Sales Promotion, and Direct Marketing (CAP Code). Coinfloor’s bitcoin ad which appeared in Northamptonshire Telegraph, a…

Bitcoin demonetizes gold, Skybridge Capital’s founder talks

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Anthony Scaramucci predicted Bitcoin’s price will absorb some of the increase in dollar volume. In an interview for CNBC’s Squawk Box program, the Skybridge Capital founder said the stimulus package passed by the administration will be good for BTC holders. Every time we do this, it’s very, very good for the people who own the assets. You get tremendous amounts of asset inflation. But the wages never catch up. That gap gets wider. And then the politics get angrier. Scaramucci sees BTC as a long-term hedge against inflation. The security…

Cardano’s $1B futures open interest shows ADA is a serious contender

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Cardano (ADA) has had an impressive start to the year as it broke through the psychological $1 barrier and made an all-time high at $1.50. The impressive 590% year-to-date gain took place as the network transformed into a multi-asset network, similar to Ethereum, and this could bode well for Cardano’s future. Cardano price at Binance, USDT. Source: TradingView The rally’s final leg seems to be related to the Coinbase Pro listing, announced on March 16, and this resulted in a renewed push to $1.47 on March 18. As Cardano’s price…

Harris Poll Data Shows 1 in 10 Americans Will Use Stimulus Checks to Buy Bitcoin and Ethereum – Economics Bitcoin News

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Following the recently published survey by Mizuho Securities that estimates roughly $24 billion from the $380 billion in direct stimulus checks will go toward bitcoin, a Harris Poll was released that estimates around 1 in 10 Americans have used stimulus checks to invest in cryptocurrencies like bitcoin and ethereum. Recently Published Harris Poll Says 7% of the Americans Surveyed Intend to Spend Stimulus on Bitcoin and Ethereum Three days ago, Bitcoin.com reported on a poll that was published by the Japanese banking firm Mizuho Securities. The study polled 235 individuals…

Fiat and crypto together at last thanks to new driver rewards system

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Crypto users no longer have to set up a complicated mining farm in their cars to earn tokens while on the road — in a bit of linguistic irony, Fiat has provided a solution. According to an announcement from the Italian car manufacturer on Tuesday, Fiat’s parent company Stellantis has partnered with Kiri Technologies to reward drivers in cryptocurrency. People who use the latest model of Fiat’s 500 electric vehicle will now receive 1 KiriCoin — worth two euro cents, or roughly $0.024 at the time of publication — for…

Why Millionaires AVOID These Type of Investments! (Bitcoin is on This List)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why Millionaires AVOID These Type of Investments! (Bitcoin is on This List) Take Your Finances to the Next Level ➡️ Subscribe now: Watch the full episode here: Download FREE Financial Resources from the show ➡️ Sign up for the Financial Order of Operations course ➡️ Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site…

Would a US wealth tax push millionaires to Bitcoin adoption?

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Levying a progressive tax on the ultra-wealthy has been a talking point long popular with many United States Democrats, yet such a policy would have been unimaginable under a Republican administration and a split Congress. Now that the Democratic Party is back in control of both the White House and Capitol Hill, the initiative is formally on the table: On March 1, a group of Democratic lawmakers led by Sen. Elizabeth Warren introduced legislation proposing an annual tax on the households and trusts worth more than $50 million, including the…