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American multinational investment bank and #financial services holding firm JPMorgan Chase has published the results of a research project . The report highlights how trends have emerged in the demographic they sampled, reflecting a shift in preferences among U.S. #crypto users.
On June 29, it was revealed that the world's largest payments company intended to introduce a "Multi Token Network" in beta over the coming several months in the UK.
Raj Dhamodharan, executive vice president of Mastercard and head of #cryptocurrency and blockchain, referred to it as a "app store powered by blockchain technologies for building regulated #financial applications."
Raj Dhamodharan, executive vice president of Mastercard and head of #cryptocurrency and blockchain, referred to it as a "app store powered by blockchain technologies for building regulated #financial applications."
FTX’s #bankruptcy estate paid $121.8 million in #legal, consulting and #financial services fees and expenses between February 1 and April 30, according to data compiled by The Block Research’s Greg Lim. #FTX advisors submitted their expenses and fees on June 15.
📊 Despite claiming to be risk-averse, 31% of young #Australian investors (18-24) have #invested in #cryptocurrencies.
🚀Younger generation seeks #financial independence and tech-savvy opportunities.
🚀Younger generation seeks #financial independence and tech-savvy opportunities.
The Empowering Force of Cryptocurrency and Profit Opportunities
Cryptocurrency, a decentralized form of digital currency, has emerged as a powerful force in reshaping finance and empowering individuals globally. Here's a concise overview of its key strengths and how one can tap into profit opportunities:1. **Decentralization:** Cryptocurrencies operate on decentralized #blockchain technology, eliminating the need for intermediaries. This provides users with greater control over their finances, reducing the risk of manipulation.2. **Financial Inclusion:** Cryptocurrencies enable #financial access for the unbanked, fostering economic growth. With just a smartphone, individuals can participate in the global economy, send/receive funds, and access financial services without traditional banking.3. **Borderless Transactions:** Cryptocurrencies facilitate fast and low-cost cross-border #transactions streamlining international trade and benefiting individuals who need to send #money globally.4. **Security and Privacy:** Blockchain technology ensures high-level security and privacy, reducing the risk of fraud. Transactions are transparent and immutable, providing users with control over their personal information.Profit Opportunities:To capitalize on the potential profits of cryptocurrency, consider these strategies:1. **Long-Term Investment:** Holding onto well-established cryptocurrencies like #Bitcoin and Ethereum can yield substantial returns over time as their value tends to appreciate.2. **Trading:** Actively trading cryptocurrencies involves buying and selling based on short-term price movements. While it requires expertise and market awareness, it can be a lucrative venture for those with a risk-tolerant mindset.3. **Staking and Yield Farming:** Some cryptocurrencies allow users to earn passive income by staking their assets or participating in yield farming programs. This involves locking up funds to support network operations and, in return, receiving additional tokens or rewards.In conclusion, cryptocurrency's decentralization, financial inclusion, and security features make it a powerful tool for individual empowerment. Exploring different avenues, such as long-term investments, trading, staking, and yield farming, can open doors to profitable opportunities in the dynamic world of cryptocurrency.
▪️Financial Opportunity: Cryptocurrencies have shown tremendous growth in value over the years, and many young people see it as a potential investment opportunity. They may be drawn to the potential for significant returns on their investments, especially if they believe in the long-term potential of certain cryptocurrencies. #financial #crypto2023 #crypto #cryptocurrency
Deutsche Bank Seeks Approval to Offer Digital Asset Custody Services
Deutsche Bank, a renowned global financial institution, has taken a significant step towards embracing the digital asset landscape. The bank has recently submitted an application to the German securities regulator, Bafin, in an effort to obtain approval for providing custody services for digital assets.
This move marks a notable development in the traditional banking sector's recognition of the growing importance of digital assets and their role in the global #financial ecosystem. By seeking regulatory approval to offer custody services, Deutsche Bank aims to position itself as a trusted custodian for digital assets, catering to the evolving needs of institutional and retail investors alike.
Digital asset custody services play a vital role in the safekeeping and management of #cryptocurrencies and other digital assets. As these assets gain wider acceptance and adoption, the demand for secure and reliable custody solutions becomes increasingly crucial. Institutions and investors require trusted partners who can provide robust infrastructure and advanced security measures to safeguard their digital holdings.
By venturing into the digital asset custody space, Deutsche Bank aims to cater to the needs of its clients who seek exposure to cryptocurrencies and other digital assets. The bank's extensive experience in financial services, combined with its commitment to regulatory compliance, positions it as a strong contender to provide secure and compliant custody services in the emerging digital asset landscape.
The application submitted to Bafin reflects Deutsche Bank's proactive approach in embracing innovation and adapting to the changing financial landscape. If approved, the bank's custody services will not only enhance its offerings but also provide a bridge between traditional finance and the digital asset ecosystem.
Deutsche Bank's potential entry into the digital asset custody sector signifies a significant milestone in the broader adoption of cryptocurrencies and blockchain technology. As traditional financial institutions continue to explore opportunities in the digital asset space, it further validates the legitimacy and potential of this emerging asset class.
In a rapidly evolving market, where digital assets are gaining traction as a legitimate investment and store of value, the availability of reputable custodians becomes paramount. Institutions and investors seek partners they can trust to safeguard their digital assets securely. Deutsche Bank's pursuit of regulatory approval for digital asset custody services demonstrates its commitment to meeting the needs of its clients in this evolving landscape.
To stay informed about the latest developments in digital assets and the financial industry, follow #Cryptogeeks . Our platform provides valuable insights, analysis, and educational resources to empower individuals and institutions in their journey through the digital asset space.
This move marks a notable development in the traditional banking sector's recognition of the growing importance of digital assets and their role in the global #financial ecosystem. By seeking regulatory approval to offer custody services, Deutsche Bank aims to position itself as a trusted custodian for digital assets, catering to the evolving needs of institutional and retail investors alike.
Digital asset custody services play a vital role in the safekeeping and management of #cryptocurrencies and other digital assets. As these assets gain wider acceptance and adoption, the demand for secure and reliable custody solutions becomes increasingly crucial. Institutions and investors require trusted partners who can provide robust infrastructure and advanced security measures to safeguard their digital holdings.
By venturing into the digital asset custody space, Deutsche Bank aims to cater to the needs of its clients who seek exposure to cryptocurrencies and other digital assets. The bank's extensive experience in financial services, combined with its commitment to regulatory compliance, positions it as a strong contender to provide secure and compliant custody services in the emerging digital asset landscape.
The application submitted to Bafin reflects Deutsche Bank's proactive approach in embracing innovation and adapting to the changing financial landscape. If approved, the bank's custody services will not only enhance its offerings but also provide a bridge between traditional finance and the digital asset ecosystem.
Deutsche Bank's potential entry into the digital asset custody sector signifies a significant milestone in the broader adoption of cryptocurrencies and blockchain technology. As traditional financial institutions continue to explore opportunities in the digital asset space, it further validates the legitimacy and potential of this emerging asset class.
In a rapidly evolving market, where digital assets are gaining traction as a legitimate investment and store of value, the availability of reputable custodians becomes paramount. Institutions and investors seek partners they can trust to safeguard their digital assets securely. Deutsche Bank's pursuit of regulatory approval for digital asset custody services demonstrates its commitment to meeting the needs of its clients in this evolving landscape.
To stay informed about the latest developments in digital assets and the financial industry, follow #Cryptogeeks . Our platform provides valuable insights, analysis, and educational resources to empower individuals and institutions in their journey through the digital asset space.
🤣🚀 May you are getting articles about SOLANA here let me add article about the Ripple .🔥💎
XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November?
XRP, the native cryptocurrency of the Ripple network, reached a significant milestone as it soared to the crucial psychological level of $0.60, marking its highest value since the mid-August market crash.
In #financial terms, psychological levels are key price points where traders and investors have historically shown heightened interest, often leading to increased buying or selling pressure.
#Crossing this mark after a prolonged period of market volatility signals a potential shift in sentiment for #XRP enthusiasts, who have eagerly awaited a resurgence in the coin’s value.
XRP’s Remarkable Rebound
According to the latest data from CoinGecko, XRP was trading at $0.606379, reflecting a notable 2.7% gain over the past 24 hours. Over the course of the week, the digital asset witnessed an impressive seven-day rally of 9.2%, solidifying its upward trajectory and instilling confidence in the cryptocurrency market.
This upward momentum, while significant in itself, has also sparked a flurry of activity among XRP #WHALEPUMPS who have long been regarded as influential players capable of shaping the market’s direction
Recent data from the crypto analytics platform Whale Alert shed light on a substantial transaction involving a major XRP whale. The data revealed that an anonymous entity had transferred a staggering 412,890,441 XRP tokens, valued at approximately $248,922,341, from one wallet to another. Such large-scale movements by influential holders can often trigger a domino effect, leading to increased interest from smaller investors and, in turn, contributing to further price fluctuations
Disclaimer:please note this article just for education not investment advise thanks
PLS FOLLOW FOR MORE INFORMATION AND INTRESTING ARTICLES
XRP Hits $0.6 In Unstoppable Surge: How High Can It Go This November?
XRP, the native cryptocurrency of the Ripple network, reached a significant milestone as it soared to the crucial psychological level of $0.60, marking its highest value since the mid-August market crash.
In #financial terms, psychological levels are key price points where traders and investors have historically shown heightened interest, often leading to increased buying or selling pressure.
#Crossing this mark after a prolonged period of market volatility signals a potential shift in sentiment for #XRP enthusiasts, who have eagerly awaited a resurgence in the coin’s value.
XRP’s Remarkable Rebound
According to the latest data from CoinGecko, XRP was trading at $0.606379, reflecting a notable 2.7% gain over the past 24 hours. Over the course of the week, the digital asset witnessed an impressive seven-day rally of 9.2%, solidifying its upward trajectory and instilling confidence in the cryptocurrency market.
This upward momentum, while significant in itself, has also sparked a flurry of activity among XRP #WHALEPUMPS who have long been regarded as influential players capable of shaping the market’s direction
Recent data from the crypto analytics platform Whale Alert shed light on a substantial transaction involving a major XRP whale. The data revealed that an anonymous entity had transferred a staggering 412,890,441 XRP tokens, valued at approximately $248,922,341, from one wallet to another. Such large-scale movements by influential holders can often trigger a domino effect, leading to increased interest from smaller investors and, in turn, contributing to further price fluctuations
Disclaimer:please note this article just for education not investment advise thanks
PLS FOLLOW FOR MORE INFORMATION AND INTRESTING ARTICLES
- A quiet revolution is underway in the financial landscape due to advancements in fintech and #decentralized finance (DeFi), as reported by Decrypt.
- Bitcoin's recovery from lows is exemplifying the realization of its potential to improve #financial systems with faster settlement times and reduced costs.
- Innovations like Gnosis Card and Gnosis Pay are enabling the easy integration of self-custodial crypto wallets into everyday transactions.
- Monerium's regulated, euro-pegged stablecoin, EURe, comes with an IBAN for seamless user transactions, highlighting the mainstream integration of digital currencies.
- The examples showcase the progressive blending of #digital currencies with conventional financial services.
- As #technology evolves, regulatory frameworks must adapt to keep up with the rapidly changing financial landscape.
- Blockstream, a Bitcoin infrastructure company, aims to raise up to $50 million for the acquisition and storage of undervalued mining equipment on the secondary market.
- Collaborating with STOKR, a Luxembourg-based digital securities marketplace, Blockstream plans to launch Blockstream ASIC (BASIC) notes.
- The company's Head of Mining Sales, James Macedonio, revealed the plan to start by raising $5 million for Series 1 BASIC notes.
- Each BASIC note, valued at $115,000, will fund the large-scale procurement and storage of ASICs.
- The acquired equipment will be resold as #hardware demand increases in 2024, offering a 24-month investment opportunity.
- Accredited international investors will have the opportunity to participate in this investment note.
- Delphi Digital's co-founder, Kevin Kelly, believes the ongoing crypto market activity isn't just another bear market rally.
- Kelly's perspective contrasts with cautious sentiments due to factors like rising interest rates, inflation, and recession concerns.
- He argues that crypto markets are forward-looking, as evident in 2023 prices.
$BTC $ETH $BNB
- Bitcoin's recovery from lows is exemplifying the realization of its potential to improve #financial systems with faster settlement times and reduced costs.
- Innovations like Gnosis Card and Gnosis Pay are enabling the easy integration of self-custodial crypto wallets into everyday transactions.
- Monerium's regulated, euro-pegged stablecoin, EURe, comes with an IBAN for seamless user transactions, highlighting the mainstream integration of digital currencies.
- The examples showcase the progressive blending of #digital currencies with conventional financial services.
- As #technology evolves, regulatory frameworks must adapt to keep up with the rapidly changing financial landscape.
- Blockstream, a Bitcoin infrastructure company, aims to raise up to $50 million for the acquisition and storage of undervalued mining equipment on the secondary market.
- Collaborating with STOKR, a Luxembourg-based digital securities marketplace, Blockstream plans to launch Blockstream ASIC (BASIC) notes.
- The company's Head of Mining Sales, James Macedonio, revealed the plan to start by raising $5 million for Series 1 BASIC notes.
- Each BASIC note, valued at $115,000, will fund the large-scale procurement and storage of ASICs.
- The acquired equipment will be resold as #hardware demand increases in 2024, offering a 24-month investment opportunity.
- Accredited international investors will have the opportunity to participate in this investment note.
- Delphi Digital's co-founder, Kevin Kelly, believes the ongoing crypto market activity isn't just another bear market rally.
- Kelly's perspective contrasts with cautious sentiments due to factors like rising interest rates, inflation, and recession concerns.
- He argues that crypto markets are forward-looking, as evident in 2023 prices.
$BTC $ETH $BNB
Swiss Post’s #financial services arm, #Postfinance , partners with #crypto #bank #Sygnum to provide digital asset products and services.
https://news.bitcoin.com/swiss-state-owned-banking-giant-postfinance-to-offer-crypto-services/
https://news.bitcoin.com/swiss-state-owned-banking-giant-postfinance-to-offer-crypto-services/
⚡#Coin of the day by social activity - Ripple #XRP . (18 May 2023)
#Ripple is a money transfer #network designed to serve the needs of the #financial services industry.
#Ripple is a money transfer #network designed to serve the needs of the #financial services industry.
🚨 #Bitcoin struggles to maintain $26K amidst a surging interest rate environment, with the U.S. 10-year Treasury yield hitting a 16-year high of 4.55%.
The increasing rates are significantly impacting equity markets, causing concern among #financial leaders.
The increasing rates are significantly impacting equity markets, causing concern among #financial leaders.
In time people will understand: #XRP is positioned as a #financial tool for financial institutions overwhelmed by endless #debt when facing the next #financial crisis
Its cross-currency utility, aims to stabilize that debt #internationally , making them financially whole
Its cross-currency utility, aims to stabilize that debt #internationally , making them financially whole
- **Bank of Canada's CBDC Study:**
A #Bank of Canada discussion paper reveals that most Canadians have little incentive to use a central bank-issued digital currency (CBDC) due to their widespread access to existing financial services.
- **Research Context:**
The paper, published on August 10th, explores a hypothetical scenario where cash usage is minimized to examine the role of a #CBDC in assisting the underbanked population.
- **Limited Incentives for CBDC Adoption:**
The study found that Canadians already possess extensive access to #financial services, with high percentages having bank accounts (98%), credit cards (87%), and good internet connectivity (90%). As a result, the "weak incentives" to adopt a CBDC stem from the accessibility of existing services.
- **Drawbacks of CBDC Replacement for Cash:**
The paper pointed out that replacing cash with a digital currency could disadvantage those less comfortable with technology and leave cash-dependent individuals unable to make everyday transactions. Furthermore, low CBDC #adoption could discourage merchants from accepting it, undermining its utility.
- **Alternative Solutions:**
Instead of a CBDC, the paper suggested alternatives to support the underbanked, including improving internet access, expanding low-cost bank account availability, promoting merchant cooperation in remote communities, and maintaining cash distribution.
- **Acknowledgement of Varied Reactions:**
While the paper recognized that some individuals might be interested in using a CBDC for different reasons, it highlighted substantial barriers to broad CBDC adoption by both users and merchants.
- **Importance of Cash:**
The #study emphasized the ongoing significance of physical cash, noting its vital role in providing offline payment options during emergencies like extreme weather or power outages. This reiterates the Bank of Canada's commitment to ensuring cash accessibility and availability as long as demand persists.
$BTC $ETH $BNB
A #Bank of Canada discussion paper reveals that most Canadians have little incentive to use a central bank-issued digital currency (CBDC) due to their widespread access to existing financial services.
- **Research Context:**
The paper, published on August 10th, explores a hypothetical scenario where cash usage is minimized to examine the role of a #CBDC in assisting the underbanked population.
- **Limited Incentives for CBDC Adoption:**
The study found that Canadians already possess extensive access to #financial services, with high percentages having bank accounts (98%), credit cards (87%), and good internet connectivity (90%). As a result, the "weak incentives" to adopt a CBDC stem from the accessibility of existing services.
- **Drawbacks of CBDC Replacement for Cash:**
The paper pointed out that replacing cash with a digital currency could disadvantage those less comfortable with technology and leave cash-dependent individuals unable to make everyday transactions. Furthermore, low CBDC #adoption could discourage merchants from accepting it, undermining its utility.
- **Alternative Solutions:**
Instead of a CBDC, the paper suggested alternatives to support the underbanked, including improving internet access, expanding low-cost bank account availability, promoting merchant cooperation in remote communities, and maintaining cash distribution.
- **Acknowledgement of Varied Reactions:**
While the paper recognized that some individuals might be interested in using a CBDC for different reasons, it highlighted substantial barriers to broad CBDC adoption by both users and merchants.
- **Importance of Cash:**
The #study emphasized the ongoing significance of physical cash, noting its vital role in providing offline payment options during emergencies like extreme weather or power outages. This reiterates the Bank of Canada's commitment to ensuring cash accessibility and availability as long as demand persists.
$BTC $ETH $BNB
Microsoft hits a new all-time high! Tech and financial stocks soar! 🚀
Stocks carried on their risk-on march unabated, with Microsoft's (expensive!) new pricing plan for their Office AI Co-pilot boosting the stock by another 3.8% intra-day to hit new record highs, dragging the entire tech-sector higher in the process. Meanwhile, strong earnings results from BoA and MS buoyed financials, while Charles Schwab's upbeat assessments on high-cost deposit flight gave an assuring vote of confidence to the entire regional banking sector. Charles Schwab's stock jumped 14%, while the KBW regional bank index climbed 3.5% to close at the highest levels since March.
#stocks #Microsoft #tech #bank #financial
Stocks carried on their risk-on march unabated, with Microsoft's (expensive!) new pricing plan for their Office AI Co-pilot boosting the stock by another 3.8% intra-day to hit new record highs, dragging the entire tech-sector higher in the process. Meanwhile, strong earnings results from BoA and MS buoyed financials, while Charles Schwab's upbeat assessments on high-cost deposit flight gave an assuring vote of confidence to the entire regional banking sector. Charles Schwab's stock jumped 14%, while the KBW regional bank index climbed 3.5% to close at the highest levels since March.
#stocks #Microsoft #tech #bank #financial
#Mexicans are interested in cryptocurrencies, but they are not exempt from obstacles.
Although Mexicans are interested in crypto, the truth is that they still face several obstacles to enter the market.
The volatility and risk associated with crypto (54%) are the main barriers, followed by the belief that there are many scams related to them (51%). In addition, 49% of respondents point to lack of knowledge about how and where to start investing in cryptocurrencies as a relevant obstacle.
"Metaverse" is the most familiar term for the Mexican population. However, these three concepts remain unfamiliar to the majority of the Mexican population."
In terms of regulation, 47% of respondents believe that #cryptocurrencies should be heavily regulated to ensure the stability of traditional #financial #markets and protect investors.
Although Mexicans are interested in crypto, the truth is that they still face several obstacles to enter the market.
The volatility and risk associated with crypto (54%) are the main barriers, followed by the belief that there are many scams related to them (51%). In addition, 49% of respondents point to lack of knowledge about how and where to start investing in cryptocurrencies as a relevant obstacle.
"Metaverse" is the most familiar term for the Mexican population. However, these three concepts remain unfamiliar to the majority of the Mexican population."
In terms of regulation, 47% of respondents believe that #cryptocurrencies should be heavily regulated to ensure the stability of traditional #financial #markets and protect investors.
Will Matic Price reach $1?
MATIC Price Analysis
In the daily time frame chart, the MATIC price has quietly recovered during the last three weeks. From a low of $0.5089 in June, the coin price increased by 40% to near $0.72 this month.
Fig 1m0 is Matic logo
During this breakout, the coin price displayed a bullish breakthrough from the $0.694 horizontal barrier, which should increase market purchasing pressure. This breakout, with a suitable follow and overhead supply pressure from the downsloping trendline, may fail to precipitate a steeper decline.
Daily MATIC Price Chart
A probable reversal from the resistance trendline positions the #MATIC price for a 13.7% drop.
A phony breakout from the $0.694 resistance level could increase selling pressure among traders.
The MATIC's intraday trading volume is $289.5 million, representing a 15.5% loss.
The MATIC price fell 2.85% intraday after breaking through a downsloping resistance trendline.
Over the last four months, the price has retreated three times from this dynamic barrier, indicating that traders have been actively selling bullish rebounds, which is a critical characteristic of a long-term decline.
If the dropping price falls below the $0.678 low of the previous candle, the buyers' trading weapon will be broken, and sellers will have greater control over the trend. The anticipated slump could drive prices down 13.7% to the psychological barrier of $0.6.
Will the MATIC price reach $1?
Buyers must break over the long-term resistance trendline in order to regain trend control.
According to the #financial market's dow theory, no trade remains the same, and hence the aforementioned breakout will be the first signal of a trend change. Buyers could fuel a post-breakout rally to $0.822, then $0.947 and $1.036.
Who is bagging 💰 $MATIC ?
What's your thoughts on Matic?
Free to like , share and comments 👇
Follow me for more tips and check my next post
In the daily time frame chart, the MATIC price has quietly recovered during the last three weeks. From a low of $0.5089 in June, the coin price increased by 40% to near $0.72 this month.
Fig 1m0 is Matic logo
During this breakout, the coin price displayed a bullish breakthrough from the $0.694 horizontal barrier, which should increase market purchasing pressure. This breakout, with a suitable follow and overhead supply pressure from the downsloping trendline, may fail to precipitate a steeper decline.
Daily MATIC Price Chart
A probable reversal from the resistance trendline positions the #MATIC price for a 13.7% drop.
A phony breakout from the $0.694 resistance level could increase selling pressure among traders.
The MATIC's intraday trading volume is $289.5 million, representing a 15.5% loss.
The MATIC price fell 2.85% intraday after breaking through a downsloping resistance trendline.
Over the last four months, the price has retreated three times from this dynamic barrier, indicating that traders have been actively selling bullish rebounds, which is a critical characteristic of a long-term decline.
If the dropping price falls below the $0.678 low of the previous candle, the buyers' trading weapon will be broken, and sellers will have greater control over the trend. The anticipated slump could drive prices down 13.7% to the psychological barrier of $0.6.
Will the MATIC price reach $1?
Buyers must break over the long-term resistance trendline in order to regain trend control.
According to the #financial market's dow theory, no trade remains the same, and hence the aforementioned breakout will be the first signal of a trend change. Buyers could fuel a post-breakout rally to $0.822, then $0.947 and $1.036.
Who is bagging 💰 $MATIC ?
What's your thoughts on Matic?
Free to like , share and comments 👇
Follow me for more tips and check my next post
