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Cryptocurrency

U.S. Regulatory Agencies have Acted as Key Drivers by Creating Roadmaps and Guidance for Companies

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DUBLIN, June 8, 2021 / PRNewswire / – The report “Cryptocurrencies: Governments and Banks Hit the Acceptance Curve” has been added to ResearchAndMarkets.com’s offering.

While cryptocurrencies were previously on the edge of the payment space, institutional interest has increased in 2021 as governments and banks have invested in this space. U.S. regulators have acted as key drivers by creating roadmaps and guidelines for companies wishing to get involved in new or existing crypto projects.

In the meantime, certain banking institutions have built an infrastructure that enables their customers to use their cryptocurrencies through traditional financial practices, e.g. Countries around the world are integrating cryptocurrencies to varying degrees. Although many countries are lagging behind in the introduction, the current development of the market is favorable.

The editor believes that payment processors and fintechs should look for ways to integrate cryptocurrency and blockchain solutions into their current models in order to stay competitive. This report examines the current regulatory and financial developments in the cryptocurrency space and highlights trends and strategies companies are using to capitalize on this growth.

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“I see the potential in this emerging cryptocurrency industry and I believe there are use cases that banks, processors and card programs can leverage to achieve higher customer satisfaction, greater transaction volume and greater assets under management,” commented the report’s author Tim Sloane

The highlights of this research report include:

  • An overview of the regulatory developments in The United States and Canada
  • A broader look at global players and their changing sentiment towards cryptocurrencies
  • An analysis of centralized digital currencies and their effects on decentralized digital currencies
  • Investigations of various blockchain infrastructures and stablecoin solutions implemented by institutions
  • A review of the financial products and payment solutions that current institutions have implemented to support cryptocurrencies

Key topics covered:

1. Summary

2. Introduction

3. The United States is taking steps to promote the cryptosphere

  • BitLicense presents first US regulatory guidelines

4. Global sentiments support cryptocurrencies

5. Centralized digital currencies aim to compete with cryptocurrencies

  • The Chinese digital yuan
  • The United States digital dollar

6. US banks enter the cryptosphere with regulatory legitimacy

  • Custody services
  • Node functions
  • Anchorage Bank becomes the first US digital asset bank
  • Signature Bank and Silvergate develop digital currency solutions

7. Conclusion

8. References

Mentioned companies

  • accent
  • Anchor bank
  • Baked
  • Bank of Canada
  • Barclays
  • Bitstamp
  • The block
  • Chain analysis
  • CipherTrace
  • Coin base
  • Elliptical
  • ether
  • loyalty
  • FIS
  • JP Morgan
  • Nanopay
  • NO
  • PayPal
  • Volksbank from China
  • quorum
  • Royal Canadian Mint
  • Signature bank
  • Silvergate Bank
  • Starbucks
  • Statista
  • trueDigital

Please visit https://www.researchandmarkets.com/r/7jwx58 for more information on this report

Media contact:
Research and Markets
Laura wood, Senior manager
[email protected]

For EST office hours, call + 1-917-300-0470. at
For US / CAN toll free call + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900. at

US Fax: 646-607-1904
Fax (outside the US): + 353-1-481-1716

SOURCE Research and Markets

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Cryptocurrency

bitcoin price: Top Cryptocurrency Prices Today: Bitcoin, Ethereum tank; Dogecoin gains 10%

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NEW DELHI: The major cryptocurrencies traded mixed on Thursday after this week’s volatility. The mood in the digital token markets remained subdued. Six of the top 10 digital tokens were trading with cuts at 9.30 a.m. IST, while the remaining four, led by Dogecoin, rose between 4 and 10 percent.

After restricting payment channels for trading cryptocurrencies, China is moving towards digital currencies, and its e-CNY could be phased out as early as the 2022 Beijing Winter Olympics. The move is likely to be another dent in crypto trader sentiment.

Bitcoin has been one of the most powerful assets in the world over the past few years. However, even the highest-yielding asset has halved its value after the crackdown on China. Despite its worldwide popularity, the Numero Uno crypto token has been a laggard lately.

For the first time since the market restarted in early May 2021, Bitcoin slipped below the $ 30,000 mark and Ethereum broke the $ 2,000 mark. Since then, both cryptos have shown some recovery that could not be sustained.

“The crypto market in general has dropped from $ 1.7 trillion to $ 1.35 trillion in one week, a decrease of about 20 percent. While many attribute the market collapse to negative news about China’s extension of the Bitcoin mining ban, many analysts and traders believe it will only have a short-term impact on the market, “Zebpay Trade Desk said.

“Sentiment remains pessimistic, but we believe that the expiration date of the Q2 options last week of June, valued at $ 2.3 billion, should allow price consolidation as soon as it comes through. We say this because we believe most expectations are already factored in and therefore we see a relatively quiet period in the next few days, “she added.

Charles Hoskinson, the co-founder of Ethereum, has said that Dogecoin is a reasonable target for someone to fix it and make it an interesting cryptocurrency.

Tech View of Giottus Cryptocurrency Exchange

Speckle

Polkadot (DOT) is currently one of the stronger altcoins. Over the past six months, the price, market capitalization, and general reputation of both the coin and the polkadot chain have outperformed other coins during and after slumps. The support levels have shown exceptionally high buying volumes and low selling volumes.

DOT exactly follows the price action of Bitcoin (BTC). Assuming BTC is trading sideways, DOT is expected to follow technical analysis and trend lines. Currently, the DOT is in a descending wedge, which is a short-term bearish and a long-term bullish pattern. Breaking the triangle can be very bullish and in a few weeks it could even test its ATH resistance if market sentiment holds up.

ETMarkets.com

Main stages

Support: $ 15.4, $ 13.1, $ 10.4

Resistance: $ 17.5, $ 19.6, $ 23.4, $ 26.8

Ripple

Ripple (XRP) has been in the spotlight since its SEC lawsuit and has lost nearly 70 percent of its value since December 2020. Every hearing affects its price history and has been in a declining wedge lately with the potential to drop as low as $ 0.3. However, support will be seen at multiple levels within this wedge – specifically at $ 0.583 and $ 0.455.

However, given the descending wedge, there is a high chance that XRP could break out and recover soon. This also depends on the SEC lawsuit failing in Ripple’s favor.

RippleETMarkets.com

Main stages

Support: $ 0.583, $ 0.455, $ 0.424

Resistance: $ 0.787, $ 0.925, $ 1.063

The time is in UTC and the daily time frame is 12:00 PM – 12:00 PM UTC

(The views and recommendations in this section are the analysts’ own views and recommendations and do not reflect those of ETMarkets.com. Please consult your financial advisor prior to entering into any position in any of the above assets.)

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Cryptocurrency

Lloyds Auctions Australia Sells a Pricey Caravan for Cryptocurrency – Bitcoin News

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Australia’s Lloyds Auctions now accepts major cryptocurrencies for all items offered on its marketplace. Within hours of the announcement, the auction house managed to sell an expensive mobile home (camper / trailer) to a bidder who was happy to pay full price with digital coins.

Australian auction house Lloyds Auctions accepts crypto from bidders

Against the backdrop of volatile crypto markets in the past few days and weeks, investors have been looking for ways to cash out profits or transfer some of their assets elsewhere. Lloyds Auctions, a leading auction house in Australia, has discovered an opportunity to attract some of this funds and offer bidders the ability to pay with cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Lloyds Auctions Australia is selling an expensive caravan for cryptocurrency

Just hours after opening the alternative payment option, Lloyds Auctions was able to sell a custom built trailer valued at $ 75,000 for crypto. “As a longtime sponsor of Lloyds, I didn’t hesitate and couldn’t believe how easy it was for me to pay with cryptocurrency,” the zealous buyer from Zdnet is quoted as saying. “The seller would have received it in cash and never knew the difference!”

Crypto owners want to buy vintage cars and bulldozers

Since the caravan was sold, the auction house has registered growing interest from other crypto owners, especially in its classic car and earthmoving machine auctions. Inquiries have been received, said Lee Hames, chief operations officer of Lloyds Auctions, who also commented:

We have seen people use this to segregate cryptocurrencies and reinvest in real assets. When prices go down, people take some profits off the table and transfer them to something like a vintage car or bulldozer and put them to use.

Lloyds Auctions has also decided that blockchain is the best way to prove possession of a series of negatives that capture moments in Australian history. At the beginning of June, the auction house announced that it would mint a non-fungible token (NFT) for a collection of original glass plate negatives from over 140 years of operation by the Rose Stereograph Company. The highest bidder in the auction also receives the NFT.

Have you bought auction items with cryptocurrency? Let us know in the comment section below.

Tags in this story

Auction house, Australia, Australians, bidders, bids, Bitcoin, BTC, buyers, caravans, cars, crypto, crypto owners, crypto investors, crypto payments, crypto prices, cryptocurrency, ETH, Ethereum, investors, Lloyds Auctions, purchase , Sale, seller

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation to make an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Cryptocurrency

Albino BEP-20 Cryptocurrency Launch Revolutionizes Humanitarian Missions Around the World

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The latest addition to the decentralized crypto token market offers users and investors exceptional returns

HONGKONG, HONGKONG, June 23, 2021 /EINPresswire.com/ – On July 1, 2021, Peter Samuel will present the 10-decimal BEP-20 token from Albino (ABO) to the world of cryptocurrencies on PancakeSwap DEX. The mission of the decentralized token is to offer investors and users high returns while contributing to the welfare of society.

Albino Token’s strong vision of delivering unprecedented returns to its investors and users while supporting the disadvantaged and protecting the environment sets it apart from the majority of new tokens that flourish and fail in the competitive crypto world due to lack of purpose. The ABO cryptocurrency team strives to bring together a community that believes in positive change to increase the standard of living of people around the world. The project invests in the provision of basic human needs such as education, food, clean water, clothing, shelter and medical aid for the needy and works against the destruction of nature by humans. 2% of all purchases and sales are deposited in a special charity exchange to fund ABO’s philanthropic missions.

ABO’s Tokenomics balances it out with the world’s most sought-after smart contract cryptocurrencies. The clearly defined roadmap, token distribution and token burn programs of Albino BEP-20 tokens ensure that the position of the coin is steadfast and robust at all times, and offers investors solid security. Like most modern decentralized cryptocurrencies, ABO follows a burndown program that eliminates 10% of the currencies circulating in the market until the total volume of tokens is reduced to 5 trillion in order to protect the stability and demand of the currency in the market. The 3% tax levied on all transactions will then be redistributed among the holders, giving them an attractive incentive to invest in the token. The 2% liquidity allows it to maintain its volatility while delivering long-term returns to the community. Joining the Pro-Change ABO community gives community members the opportunity to enjoy steady passive income and ROI while influencing the world to change for the better.

The easy-to-use three-step token purchase process includes signing up for the PancakeSwap DEX, selecting a wallet and starting trading. In addition, amazing NFTs like concert tickets and artist memorabilia associated with the token make the albino smart contract cryptocurrency even more attractive to users.

Further information on the albino cryptocurrency can be found at www.thealbinos.com.

Peter Samuel
albino
admin@thealbinos.com

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June 23, 2021 at 1:22 PM GMT


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