Day: February 7, 2022

Global crypto adoption could ‘soon hit a hyper-inflection point’: Wells Fargo report

Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, has released a report highlighting the potential of cryptocurrencies as an investment opportunity akin to the early days of the internet.  In a Monday report titled, “Cryptocurrencies — Too early or too late?“ the banking giant referred to cryptocurrencies as “viable investments,” but hinted there was no rush for investors to enter the still maturing market. Wells Fargo’s global investment strategy team said it did not subscribe to the idea that it was “too late to invest” in…

Myanmar’s Military Government Plans Digital Currency Launch: Report

CryptoX – Cryptocurrency Analysis and News Portal The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CryptoX employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period.…

Leading Digital Exchanges Launch Crypto Market Integrity Coalition

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Crypto Mining Stocks Rally as Bitcoin Surges Past $44,000

The publicly traded miners, both large and small, have rebounded in February as the price of bitcoin has started to rebound after hitting a 2022 low of around $33,000 in January. Marathon Digital (MARA), one of the largest miners, has risen almost 30% since hitting its Jan. 27 low. Meanwhile, Core Scientific (CORZ), which went public earlier this year and has one of the highest hashrates in the industry, has risen more than 50% since its Jan. 21 low. However, both stocks are still a long way from the peaks…

CBDCs and the Case for the Public Good

Money is a public good, meaning it is provided without the intention of profit and for the benefit of a society. But money is also technology, with different forms, features and use cases. It’s exciting to see countries around the world look to new innovations, like CBDCs built on blockchain, to make it better. It’s critical that industry players step up to educate decision makers on the considerations at play to successfully develop CBDCs as a meaningful payment option for their citizens and economies. As this process continues, there are…

7 Rules To Invest in Cryptocurrency | Cryptocurrency Malayalam 2021| Cryptocurrency News Today

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube :- Fb Page : Instagram : Golden Rules To Making Money From Cryptos The only way to pick a perfect crypto coin or fund, is to go back in time. But, that doesn’t mean you have to guess. Here at Trading Education, we have selected our top tips to investing successfully in the crypto market. On November 1, 2015, one Bitcoin was worth $325.43. Today, one Bitcoin is worth $13,726. Bitcoin has been chosen as the best investment of the decade.…

KPMG Canada Adds Crypto to Its Balance Sheet

In a press release, Kareem Sadek, advisory partner of cyprotassets and blockchain services at KPMG Canada, noted that “we’ve invested in a strong cryptoassets practice and we will continue to enhance and build on our capabilities across decentralized finance (DeFi), non-fungible tokens (NFTs) and the metaverse, to name a few.” Source

Is The Bitcoin Bottom In? Here’s What SOPR Data Says

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Bitcoin has continued its rally breaking above $42k today, making many wonder whether $33k was the bottom. Here’s what the SOPR data says about it. Bitcoin Short-Term Holder SOPR Starts Turning Green Again As explained by an analyst in a CryptoQuant post, the current BTC SOPR pattern may look similar to that around the bottom formation back in July of last year. The “Spent Output Profit Ratio” (or SOPR in short) is an on-chain indicator that tells us whether investors are currently selling at a profit or at a loss.…

17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry – Bitcoin News

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On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated crypto industry.” Leading Digital Asset Firms Launch a Crypto Market Integrity Coalition 17 crypto companies and organizations have announced the launch of an advocacy group called the Crypto Market Integrity Coalition (CMIC). The coalition’s announcement…