Archive for the ‘Cryptocurrency’ Category

Nimiq Pay: Connecting Cryptocurrency with Daily Payments – hackernoon.com

Nimiq Pay is a self-custodial crypto payments app that doesn't require installation. Nimiq's main objective is to make NIM, its native payment coin, the most widely used cryptocurrency for daily transactions globally. The app uses fingerprint scanners and face recognition in order to safeguard the assets of its users.

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Nimiq Pay: Connecting Cryptocurrency with Daily Payments - hackernoon.com

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Cryptocurrency scams on the rise | Video | kxly.com – KXLY Spokane

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Markets flash early signs of risk from wider Mideast war as crypto prices sink after Iran launches wave of drones at Israel – Fortune

Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel, marking an early indication of the turmoil that could hit markets as investors start to price in the threat of a broader war in the Middle East.

Bitcoin was down 5% from its price on Friday, while Ether sank more than 7%, and XRP tumbled 13.5%, according to CoinMarketCap. Thats a sign risk assets will be under pressure.

A fuller picture of Wall Streets reaction to Irans first-ever, full-scale military assault on Israel will come on Sunday evening, when futures trading opens in the U.S. for stocks, bonds, commodities, and currencies.

Trading on Friday offered somewhat of a preview on what to expect. Reports at the time said an Iranian attack on Israel was expected within two days, boosting U.S. benchmark oil prices as much as 3% to top $87 a barrel.

U.S. Treasury bonds also rallied sharply, sending the 10-year yield down as much as 10 basis points as investors looked for safety.

Similarly, the U.S. dollar advanced as geopolitical tensions caused investors to turn away from riskier emerging-market currencies.

Even the euro fell to a five-month low against the greenback, as markets also weighed the prospect of the European Central Bank cutting rates before the Federal Reserve does.

Meanwhile, prices for goldtraditionally seen as another safe-haven assetsurged to a fresh record high above $2,400 an ounce before later reversing those gains late Friday.

Stocks sold off on Friday, led by risk-on tech shares, as investors also digested bank earnings and fresh inflation data that further dampened hopes for imminent Fed rate cuts.

Mideast tensions have been ramping up since militants backed by Iran attacked Israel in October. Other Iranian-backed groups in Lebanon, Iraq, Syria, and Yemen have also launched rockets at Israel.

More recently, Tehran blamed Israel foran April 1airstrike in Syriathat killed two Iranian generals, though Israel hasnt addressed it.

With Iran attacking Israel, the risk grows that the U.S.Israels most important military allycould be also be drawn into direct engagements with Iran. On Saturday, the White House vowed to support Israels defense, after moving more Navy ships toward the region in anticipation of an attack.

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Markets flash early signs of risk from wider Mideast war as crypto prices sink after Iran launches wave of drones at Israel - Fortune

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Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform – Marijuana Moment

Bipartisan congressional lawmakers from the House and Senate are discussing the possibility of combining cyptocurrency regulation legislation with a marijuana banking bill.

Senate Majority Leader Chuck Schumer (D-NY) raised the topic with House Financial Services Committee Chairman Patrick McHenry (R-CA) and Ranking Member Maxine Waters (D-CA) on Thursday, a source familiar with the conversation confirmed with Marijuana Moment.

The legislation has yet to be finalized, but the prospect of merging the Secure and Fair Enforcement Regulation (SAFER) Banking Act with the stablecoin measure comes amid heightened expectations about the Senate moving the cannabis bill as a standalone, months after it cleared committee.

Politico reported that the package under consideration could potentially be attached to a Federal Aviation Administration reauthorization bill that needs to pass before May 10.

Schumer recently reiterated his intent to pass legislation to safeguard cannabis banking as part of a busy agenda that he hopes to achieve in the weeks and months ahead, though he again stressed the need for bipartisan cooperation.

He also recently asked people toshow their support for the SAFER Banking Act by signing a petitionas he steps up his push for the legislation. A poll released last month by the American Bankers Association (ABA) shows that roughly three out of five Americanssupport allowing marijuana industry access to the banking system.

Rep. Nancy Mace (R-SC) said last week that that if Republicans want to keep the House, they should pass the marijuana banking bill, arguing that there are votes to approve it.

Schumer told Marijuana Moment last month thatthe bill remains a very high priority for the Senate, and members are having very productive bicameral talks to reach a final agreement.

Marijuana Moment is tracking more than 1,400 cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they dont miss any developments. Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.

Senate Banking Committee Chairman Sherrod Brown (D-OH) also said last month thatpassing the SAFER Banking Act off the floor is a high priority.However, he also recently said in a separate interview thatadvancing the legislation is complicated by current House dynamics.

House Majority Whip Tom Emmer (R-MN) separately said during a recent American Bankers Association (ABA) summit that he wants to see the SAFER Banking Act move.

He said that, for whatever reason, the federal government has been slow to act on the incremental reform that he supports even though he doesnt identify as a marijuana guy.

One key factor thats kept the bill from the Senate floor is disagreement over mostly non-cannabis provisions dealing with broader banking regulations, primarily those contained in Section 10 of the legislation.

Bicameral negotiations have been ongoing, however, and recent reporting suggests that a final deal could be just over the horizon.

The Democratic Senate sponsor of the SAFER Banking Act, Sen. Jeff Merkley (D-OR), told Marijuana Moment last month that the legislation is gaining momentum as lawmakers work to bring it to the floor and pass it this year.

The office of the Republican SAFER Banking prime sponsor, Sen. Steve Daines (R-MT), separately told Marijuana Moment that conversations have been productive and Senator Daines is working to get the bill across the finish line.

At the close of the first half of the 118th Congress in December, Schumer said in a floor speech that lawmakers would hit the ground running in 2024, aiming tobuild on bipartisan progress on several key issues, including marijuana banking reformthough he noted it wont be easy.

Biden, Harris And Top DOJ Official Promote Marijuana Pardons While Commemorating Second Chance Month

Photo courtesy of Mike Latimer.

Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

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Schumer And Key House Lawmakers Discuss Merging Marijuana Banking Bill With Cryptocurrency Reform - Marijuana Moment

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Cryptocurrency on Track to Achieve Mainstream Asset Status within Five Years, 50% of Respondents Confident … – CXOToday.com

Indians Embracing Crypto for Long-term Wealth Goals

Key Findings

80% of survey participants were young adults (20-35 years old)

Around 63.06% of people aged 20-35 have chosen to invest in crypto assets, showing a strong interest among younger demographics.

Approximately 58.5% of investors have diversified into both equities and crypto, while 50% foresee cryptocurrency becoming a mainstream asset class within 5 years

45% of respondents have cryptocurrencies in their retirement portfolios

Tier-1 cities lead in crypto adoption, with Delhi-NCR holding pole position, followed by Bengaluru, Mumbai, Hyderabad, Chennai, Kolkata, Pune, Lucknow, and Ahmedabad

16th April 2024, Bengaluru: Highlighting the dramatic shift of the investment landscape of India, Mudrex, a Y-Combinator-backed global crypto investment platform revealed the results of its survey titled Investment Trends in FY 2023-24: The Indian Crypto Renaissance, which engaged with 8,976 participants across the nation. The survey results paint an optimistic picture of cryptos mainstream acceptance, with 50% of respondents envisioning cryptocurrencies as a mainstream asset class within the next five years. This surge is indicative of evolving investment preferences and changing attitudes toward digital assets. The data suggests a broader shift in the financial landscape and how different groups of investors perceive crypto as part of their portfolios.

The survey also highlights a burgeoning trend of integrating cryptocurrencies into long-term financial planning, with 45% of users including cryptocurrencies in their retirement plans, implying a growing acceptance of cryptocurrencies as a legitimate asset class for long-term wealth accumulation. This trend could reflect a belief that cryptocurrencies offer opportunities for substantial returns over the long term or a desire for portfolio diversification beyond traditional assets like stocks and bonds.

Cryptocurrencys accessibility across all income brackets is evident. The survey found a minimal gap among high-income, mid-income, and low-income crypto investors. Notably, even individuals earning less than INR 5 lakh annually are engaging in crypto investments, highlighting the increasing accessibility and adoption of cryptocurrency across an income bracket of 5 to 50 lakhs.

Additionally, the survey reveals that a staggering 80% of participants belong to the young adult demographic, aged between 20 and 35 years old, indicating a growing interest among the youth in cryptocurrency investments. This generational preference underscores a higher openness to innovative financial technologies and alternative investment avenues among younger investors. In contrast, as the age groups advance, the interest in crypto investments slightly diminishes, suggesting a more cautious approach from older investors. With most respondents hailing from the startup scene, it can be attributed to the startup ecosystems familiarity with risk-taking and advanced technology, making them more inclined to embrace emerging financial technologies. Additionally, people employed in startups exhibit the highest inclination towards crypto investments, leading with 56.91% of the share reflecting a culture of innovation and risk-taking prevalent in these sectors.

The data suggests that investors are not solely focusing on crypto; about 58.5% of respondents have investments in both equities (stocks and mutual funds) and crypto. This demonstrates an understanding of diversification and the role crypto plays as an alternative asset class within a balanced portfolio. Approximately 70% of respondents make their financial decisions independently, reflecting growing financial awareness and knowledge among the crypto-savvy population.

Commenting on the survey findings, Mr Edul Patel, CEO of Mudrex, a Global Crypto Investment Platform, stated, The insights from the survey highlight a transformative period in the financial landscape of India. The increasing adoption of crypto across various demographics and income levels, paired with a shift towards diversified portfolios, marks a significant change in how Indians perceive and utilise digital assets. As these trends continue to evolve, the financial landscape in India is poised to adapt to new opportunities and challenges in the world of crypto investments.

The survey was conducted over a period of 6 months June 2023 January 2024. According to the survey, Tier-1 cities, led by Delhi-NCR, (25%) emerge as hotspots for crypto adoption, followed by Bengaluru (16%) and Mumbai (9%), fueled by factors like robust digital infrastructure and evolving investment preferences.

About Mudrex

Launched in 2018, Mudrex has the vision of making crypto accessible to the masses so that ordinary investors can benefit from the massive wave of wealth creation. Founded by Edul Patel, Alankar Saxena, Rohit Goyal, Prince Arora the Y-Combinator backed enterprise has established a robust investing platform that can be used by both newcomers and seasoned investors. The US-headquartered and Bengaluru-based fintech startup aims to be the largest asset management platform for crypto.

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Cryptocurrency on Track to Achieve Mainstream Asset Status within Five Years, 50% of Respondents Confident ... - CXOToday.com

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