New YouHodler Data Shows True Health of Crypto Markets — CoinDesk

YouHodler builds bridges between the fiat and crypto worlds, using crypto assets as either collateral for fiat lending, or through savings and lending products. In the three months leading up to Sept. 14, the most popular savings coin was the stablecoin USDT (17.7% of the total), followed by ethereum (13.1%) and then bitcoin (12.9%). Indeed, in the list of the top 30 most popular savings coins, there are seven stablecoins, including USDC, EURS, DAI and BUSD. CryptoX Portal

Crypto Market Values Nosedive Amid Global Market Meltdown, Widening Default Risks – Markets and Prices Bitcoin News

Crypto markets have dropped a great deal in value over the last 24 hours as crypto assets across the board have lost anywhere between 7-15% in value during this time period. The overall market valuation of all 10,000+ crypto-assets in existence has slid just below the $2 trillion handle, losing over 9% in value during the last 24 hours. Crypto Economy Slips by 9% During the Last 24 Hours Bitcoin (BTC) prices were above the $48K zone on Sunday, September 19, but the following day, BTC prices are much lower…

Report – Emerging Markets Bitcoin News

Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only focused just on bitcoin, and are open to diversifying their portfolios with more exotic offerings. Crypto Grows in India’s Small Cities Cryptocurrency usage and trading are being embraced by Indian citizens as a way of investing and gaining additional money…

Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price – Markets and Prices Bitcoin News

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called “Illiquid Supply Floor” indicates that bitcoin prices may never drop below $39K again. Plan B’s Bitcoin Price Survey Sees 100K Votes Plan B…

Africa Has Some of the ‘Highest Grassroots Adoptions in the World’ — Chainalysis Crypto Preview – Emerging Markets Bitcoin News

While Africa is seen as one of the smallest cryptocurrency markets, according to a preview of Chainalysis’ Geography of Cryptocurrency annual report, this region has “some of the highest grassroots adoptions in the world.” African Volumes Mainly Composed of Retail Transfers The crypto adoption observation for Africa is corroborated by the blockchain analysis firm’s latest Global Crypto Adoption Index. According to this index, four African countries, namely Kenya, Nigeria, South Africa, and Tanzania, are all in the top 20. In addition to being the region with one of the highest…

Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation – Markets and Prices Bitcoin News

Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC). Cathie Wood’s Ark Invest Predicts $500K Bitcoin Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday. Wood is also the firm’s founder and CIO. She was asked what…

Is Coinbase Worth $100B?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io While a number of crypto companies are now discussing going public, Coinbase looks most likely to be the first mover with a valuation pegged at $100 billion. ConsenSys Global Fintech co-head Lex Sokolin and New Constructs CEO David Trainer debate whether or not Coinbase’s high valuation is reasonable. #cryptocurrency #digitalfinance #finance Subscribe to CoinDesk on YouTube: Site: Twitter: LinkedIn: Instagram: Facebook: Newsletters: CoinDesk Podcast Network: spotify:show:2jyIhkvAQhed8AWDZiPpSP Markets Daily Crypto Roundup: spotify:show:7sDXM8BlxsUqzL2IqmLqwE CoinDesk is the leading digital media, events and information services company…

Central Bank Official – Emerging Markets Bitcoin News

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira — is expected to complement current areas of payment options. This, according to Shonubi, will ensure “the stability of the payment system in the long run.” Meanwhile, in his other remarks as reported by Nairametrics, Shonubi…

Shark Tank Star Kevin O’Leary Expects a ‘Trillion Dollars’ Flowing Into Bitcoin – Markets and Prices Bitcoin News

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, expects a “trillion dollars” more to flow into bitcoin in the next couple of years. He also sees cryptocurrencies becoming an institutional asset class. “We don’t know when but it is definitely going to come. It’s not going away,” he said. Kevin O’Leary Sees Trillion-Dollar Opportunity in Bitcoin Kevin O’Leary talked about bitcoin and cryptocurrency in an interview on CNBC’s Capital Connection, published Monday. “I’m bullish on crypto,” O’Leary began, adding that he is also bullish on decentralized finance (defi). Citing the…

How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles – Emerging Markets Bitcoin News

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament. Cryptos Narrowing Financial Exclusion Gap Therefore, in their effort to reduce the number of people that have no access to banking services, Satoshi Nakamoto created Bitcoin, a decentralized digital currency and network that is available to anyone. Now, more than ten years later, the…