Day: April 12, 2022

As old money procrastinates, young money goes crypto

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The rich get richer. According to the Wealth-X consulting company, in 2020, the number of ultra-high-net-worth individuals worth $5 million–$30 million in the world increased by 1.7% to 295,450 people; the combined net worth of this group increased by 2% to $35.5 trillion. Observing the investment preferences of rich individuals and institutional investors is instructive. They have access to exclusive information and analytics to inform their investment decisions, and their investments are often supported by an army of advisers, employees of family offices and wealth managers. Due to the instability…

BTC Back Above $40,000 Following Record U.S. Inflation Data – Market Updates Bitcoin News

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Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin BTC dropped below its key level of $40,000 earlier in today’s session, as recent losses in value continued to mount. Following a high above $42,000 to start the week, BTC/USD fell to an intraday low of $39,373.06 on Tuesday. This is the…

Prime Trust Hires Secret Service Veteran to Head Regulatory Affairs

For his part, Sheridan spent more than two decades working for the United States Secret Service, including the presidential protective detail for President George W. Bush. Toward the end of his Secret Service career, Sheridan was the assistant director for the Office of Investigations and Legislative Affairs, which oversees 161 offices and over 3,000 personnel. Source

USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations

CryptoX – Cryptocurrency Analysis and News Portal Centre, the consortium founded by Circle and Coinbase in 2018 to govern USD Coin (USDC), announced Tuesday that Linda Jeng, a current Georgetown law professor and former regulator with the U.S. Securities and Exchange Commission (SEC), would be joining as Centre’s chief policy and regulatory officer. Source The post USDC Stablecoin Issuer Centre Hires 2 Executives to Oversee Regulation, Operations appeared first on CryptoX. CryptoX Portal

Bitcoin price about to see huge moves; Oil, stocks won't 'be pretty' – Gareth Soloway's update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Gareth Soloway, chief market strategist of InTheMoneyStocks.com, discusses with David Lin, anchor for Kitco News, the next key levels for Bitcoin, oil and stocks. 0:00 – Bitcoin price forecast 8:47 – Altcoins 12:00 – Trading new securities 13:42 – Oil 17:00 – Inflation 19:53 – Stocks 23:30 – Labor market 25:23 – Trade implications #Bitcoin #stocks #oil __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights,…

54% of UAE and Saudi Arabia Survey Respondents Said Crypto Should Be Used for Payments – Emerging Markets Bitcoin News

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An average of 54% of survey respondents from Saudi Arabia and the United Arab Emirates (UAE) said they believe cryptocurrency should be used as currency. Still, a significant proportion of the respective countries’ respondents believe certain obstacles are stopping cryptocurrencies from going mainstream. Crypto as Currency According to the findings of a study by Checkout.com, about 54% of respondents in both the UAE and Saudi Arabia “believe that cryptocurrency should be used as currency” and not only as “an investment asset.” This figure is nine percentage points higher than the…