Category Archive : United States

What’s the Most Searched Cryptocurrency in the U.S. This Year?

With bitcoin reaching an all-time high, it might seem that the leading cryptocurrency should be the most-searched in 2021. However, it appears that internet searchers are doggedly looking for information on Dogecoin.

Despite starting out as a joke, the meme coin finds itself situated in the top 10 cryptocurrencies according to market capitalization. It’s a use case in which fundamental analysis can be thrown out the window, highlighting the power of social media.

The advent of the coin has spawned a strong following via social media, with Dogecoin faithful referring to themselves as part of the “Doge army.” Even if the coin’s use case may not have the same valuation as ethereum or the scarcity store of value as bitcoin, the cryptocurrency still manages to defy all odds.

“The research by leading software company, Bacancy Technology, revealed that Dogecoin receives an average of seven million Google searches per month,” a press release noted. “What was originally a joke coin created in 2013 by software engineers Billy Markus and Jackson Palmer, is now considered as a legitimate investment for the public.”

Dogecoin managed to beat out bitcoin despite the latter’s fanfare surrounding the release of a U.S.-based futures ETF. Rising interest in cryptocurrencies by traditional financial markets can help alternative coins (or alt coins for short) like Dogecoin to garner more visibility.

Given the way users are already searching for Dogecoin information, that extra dose of visibility may not be necessary.

“Bitcoin follows Dogecoin as the second most searched for cryptocurrency in the US and currently receives an average of 4,700,00 Google searches per month,” the press released added.

Who’s Laughing Now?

For certain hardcore bitcoin and ethereum maximalists, Dogecoin might be nothing but a joke. Nonetheless, when you combine the reach of social media and celebrity endorsements, Dogecoin and other meme coins are a force to be reckoned with in their own…

Read more at www.etftrends.com

Robinhood fell as SEC scrutinizes crypto, payment for order flow — Quartz

CEO Vlad Tenev will have plenty to discuss with investors and analysts when Robinhood reports third-quarter results tomorrow (Oct. 26). Shares of the Menlo Park, California-based brokerage have fallen about 12% during the past month, going in the opposite direction from rivals like retail-brokerage pioneer Charles Schwab and Coinbase, the crypto exchange.

Robinhood shares are under pressure as the company plans a stock sale by existing investors. A regulatory filing about the share sale noted that more than 70% of the brokerage’s revenue came from payment for order flow (PFOF) and transaction rebates in 2020. That business model has become controversial: Instead of sending customer trades to a stock exchange, those orders get sent to large trading firms (market makers) like Virtu Financial and Citadel Securities. Those firms pay Robinhood for the right to execute the transactions. Some market-structure experts say, thanks to PFOF, retail traders are getting the cheapest stock trading ever. (You can read more about PFOF here and here.) Robinhood handles its crypto orders via a similar process, from which it earns transaction rebates. And regulators, as it happens, also have crypto in their crosshairs.

Scrutiny over payment for order flow is growing

The US Securities and Exchange Commission isn’t entirely convinced retail traders aren’t getting quite as good a deal as they think. Officials worry that PFOF creates a conflict of interest, and SEC chair Gary Gensler told Barron’s that a ban on the practice is “on the table.” “Our markets have moved to zero commission, but it doesn’t mean it’s free,” Gensler said on CNBC. “There’s still payment underneath these applications. And it doesn’t mean it’s always best execution.”

Other US retail brokerages like Schwab and E-trade also make money from PFOF, but Robinhood is more dependent on the practice than most other firms.

The agency is also reviewing whether some apps have become…

Read more at qz.com

Mastercard says any bank or merchant on its vast network can soon offer crypto services

Mastercard credit cards

Roberto Machado Noa/ LightRocket via Getty Images

The crypto economy is about to expand.

Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.

That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin.

To do so, the payments network is partnering with Bakkt, the crypto firm recently spun off by Intercontinental Exchange, which will be the behind-the-scenes provider of custodial services for those who sign up, executives at the two firms told CNBC.

“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing,” Sherri Haymond, Mastercard’s executive vice president of digital partnerships, said in an interview. “Our partners, be they banks, fintechs or merchants can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform.”

The announcement could lead to a significant expansion in the ways regular Americans earn and spend bitcoin and other cryptocurrencies. Mastercard runs one of the dominant global payments networks along with Visa and has relationships with more than 20,000 financial institutions around the world. There are 2.8 billion Mastercards in use, according to the company.

Gavin Michael, CEO of Bakkt rings a ceremonial bell on the floor of the New York Stock Exchange (NYSE) in New York City, October 18, 2021.

Brendan McDermid | Reuters

Interest in Bitcoin has remained high as the original cryptocurrency surged this year, hitting a record price above $60,000 this month. U.S. regulators have allowed the fund industry to offer bitcoin ETFs for the first time this month, while big institutional investors like bond giant Pimco have said they were considering…

Read more at www.cnbc.com

Dogecoin Has More Crypto Holders Than Bitcoin or Ether in the US: Study

Dogecoin is the most popular memecoin around and although the cryptocurrency did begin as a joke back in 2013, its growth in the US — especially over the past year and a half — certainly isn’t to be scoffed at. A recent study that was conducted across 22 countries by an Australian cryptocurrency survey agency, found Dogecoin’s (DOGE) adoption rate in the US surpass that of Bitcoin and Ether — to a point where its adoption is almost twice as much as the global average.

The agency in question, Finder, claims in its study that 30.6 percent of cryptocurrency owners in the US surveyed as part of the study, stated that they personally own Dogecoin. In sheer numbers, that is 1.6 times the global adoption level of 19.2 percent.

The survey did, however, find that DOGE isn’t as popular in Asia as Bitcoin, Ether, and Binance Coin. While more than three-quarters of the cryptocurrency holders own Bitcoin in Japan, Singaporean cryptocurrency holders prefer Ether. In Indonesia, though, digital assets holders prefer owning Binance Coin.

But Dogecoin’s rise in popularity isn’t making headlines for the first time. Back in August, blockchain analytics firm Chainalysis confirmed that new investors are flocking to DOGE at levels that have not been seen in nearly four years. But a significant percentage of memecoin’s supply remains in the hands of a few large holders, which shows that it’s not as decentralised as some of the other crypto assets.

Meanwhile, Cardano is another popular altcoin that witnesses mainstream adoption than some of the better-known crypto assets. According to the survey, Cardano enjoys the highest popularity in Australia. More than a quarter of the nation’s adult cryptocurrency holders own the native crypto coin — ADA of the Cardano ecosystem.

Based on a sample size of over 41,000 people across 22 countries, Finder’s survey reveals that at least one in ten people have cryptocurrencies globally, showing that crypto adoption, is on the rise.


Interested in…

Read more at gadgets.ndtv.com

Stocks and crypto hold steady ahead of a mammoth weak of tech earnings





Stocks and crypto hold steady ahead of a mammoth weak of tech earnings | Fortune



Read more at fortune.com

Nium Launches First Global Platform For Crypto-as-a-Service And Extends its Banking-as-a-Service Solution To The U.S.

— New Nium API-based Crypto-as-a-Service platform is the first to allow financial institutions to integrate popular crypto capabilities into their financial applications, including the ability to buy, sell, and hold the most popular digital assets; future service elements will allow for stablecoin wallets, as well as crypto acceptance

Published: Oct. 25, 2021 at 5:01 AM EDT|Updated: 36 minutes ago

LAS VEGAS, Oct. 25, 2021 /PRNewswire/ — MONEY 20/20 USA — Nium, a leader in global payments and card issuance for businesses, today launched the fintech industry’s first global Crypto-as-a-Service (CaaS) solution and announced the extension of its Banking-as-a-Service (BaaS) solution to the U.S. Initial API-based elements from the new Crypto-as-a-Service offering will allow financial institutions to add in-demand capabilities for cryptocurrency investment. The cryptocurrency investment services will support five cryptocurrencies in the U.S. in 2021, with the list of supported currencies growing to 20 in 35 countries in 2022.

Nium is a leader in global payments and card issuance for businesses.

Nium’s Crypto-as-a-Service platform launches at a time when crypto has emerged as one of the most popular investment asset classes. Total market capitalization of all cryptocurrencies totals US$2.19 trillion, making the asset class the world’s 8th largest economy by gross domestic product.1 More than US$112 billion in cryptocurrency is traded per day. To help banks, businesses and neo-financial institutions quickly capitalize on this demand, Nium offers simple API-based access to its crypto investment services. Through one API connection to its platform, clients can embed capabilities to buy, sell, and hold crypto, all supported by Nium with KYC, regulatory and compliance monitoring, brokerage, custody, and processing of the cryptocurrency. These initial offerings will be followed by a roadmap of additional crypto services, including stablecoin wallets and crypto payment…

Read more at www.wilx.com

Binance for US Customers is Here with NordVPN

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

With Binance.US, Binance is now available in all but these 7 states in the US: Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont. Here’s how you can access Binance.com in the US. 

What is Binance.com and Binance.US?

Binance.com is a cryptocurrency exchange that is currently the largest exchange in the world in terms of daily trading volume of cryptocurrencies. Founded in 2017, it was made unavailable to US customers in 2019 due to regulatory reasons. Binance.US, a US-based version of the platform, was recently launched but is still geographically restricted in 7 states, unless you use a VPN.

What are geographical restrictions and how do VPNs help bypass them?  

A VPN app can be used to access Binance.com in the US by bypassing geographical restrictions. It does this by making it appear as though you were in another country. Which is good news for all US residents or if you need to access your crypto wallet when you’re abroad.

Here’s how it works:

  • A VPN spoofs your location: Binance.com restricts US users by detecting their US-based IP address, which tells them they’re in the US.
  • If you connect to a server in Europe from the VPN’s in-app menu, it’ll change your IP address to one of your chosen country, making it look as if you were from there.

And that’s not all a VPN can do. As an all-round security app, leading services like NordVPN also keep you private online, secures you when you connect to public Wi-Fi spots, and can let you access all kinds of content unavailable in your region. NordVPN also includes the unique CyberSec feature that gives you even greater protection against malware.

How to safely access Binance.com with a VPN 

Using a VPN with crypto trading on Binance.com is a must. Other than giving you access, a VPN encrypts the data you send through the network,…

Read more at cryptonews.com

Bullish Spirit Spreads Thanks to Bitcoin – CVBJ

Today ends a very interesting week for the crypto market with a marked bullish spirit, especially after the price movement experienced by Bitcoin (BTC) that took it to a new all-time high.

Weekly crypto news roundup

In CriptoTendencia we recognize that it has been a busy week with many news in the crypto market. Therefore, we bring you a summary of the most relevant for you to start the week on the right foot.

Bitcoin establishes a new ATH, inflation or adoption?

Although we have returned to the levels with which we started the week, on Wednesday the price of the leading crypto was positioned above $ 66,600.

Weekly chart of the price of Bitcoin (BTC) in which its last crypto ATH is observed.  Source: CoinMarketCap.Weekly chart of the price of Bitcoin (BTC) in which its last crypto ATH is observed. Source: CoinMarketCap.

At the time, the crypto community was given the boom by launching the first BTC futures ETF in the United States. It is worth noting that the market behavior around the new investment vehicle towards the leading crypto was particularly encouraging.

However, on October 22, JPMorgan analysts published a report in which they assured that the true driver of Bitcoin is inflation. According to Nikolaos Panigirtzoglou, a strategist at JPMorgan, “by itself, the launch of BITO is unlikely to trigger a new phase of massive investment in Bitcoin.”

“We believe that the perception of Bitcoin as a better hedge against inflation than gold is the main reason for the current rally, which triggered a shift from gold ETFs to Bitcoin ETFs,” the analysts explained.

Regardless of whether the catalyst is the ETF or inflation, the news of Bitcoin has caused the bullish spirit to spread through the crypto market.

Thus, also this week, we reported how Tom Lee assured that BTC could reach USD 168,000 before the end of the year. According to Lee this will be possible if the ProShares Bitcoin ETF manages to generate $ 50 billion in its first year. How long will Bitcoin’s bullish spirit last?

The price of the leading crypto plummeted by the second on…

Read more at cvbj.biz

Shiba inu price: Crypto surges 50 per cent despite Elon Musk tweet

A cryptocurrency originally created as a joke based on a meme has surged to an all-time high over the weekend and is now the 11th biggest in the world.

A cryptocurrency originally created as a joke based on a meme has surged to an all-time high over the weekend and is now the 11th biggest in the world.

Shiba inu surged by nearly 50 per cent over the last week to surpass its mid-May high of US$0.00003532.

On Monday morning, at its peak, the digital currency was worth US$0.00003941 per coin.

While that may not seem like much, that’s a huge leap since SHIB’s starting price on August 1 last year — US$0.000000000972.

The token has gained more than 40 million per cent in the past year.

Shiba inu has a market capitalisation of US$19 billion, putting it number 11 on the cryptocurrency leaderboard.

At time of writing, shiba inu is sitting slightly lower than its all-time high at US$0.00003794.

It dipped slightly after a tweet from Elon Musk earlier on Monday.

Around 5am, a shiba inu Twitter account, feeling confident after its recent gains, addressed Musk on the social media platform.

“Hey Elon Musk, How Much Shib Are You Holding?” the account asked.

In usual Musk style, the tech billionaire replied very succinctly with a single word that sent the coin to drop a little.

“None,” he said, prompting a slight decrease.

A petition on Change.org imploring Robinhood to list SHIB on its platform has garnered almost 300,000 signatures.

Shiba inu holds the biggest circulating supply of nearly 395 trillion coins, according to CoinTelegraph.

Shiba inu was created in August 2020 by an anonymous person who called themselves “Ryoshi”. The mystery founder created the coin as a spin-off of dogecoin.

In late 2013, US software engineer Billy Markus and Australian entrepreneur Jackson Palmer created dogecoin as a joke to make fun of the wild speculation in cryptocurrencies at the time.

They used a Japanese dog, a shiba inu, as a mascot for their coin.

Shiba inu is now just two…

Read more at www.news.com.au

Hedge Fund Billionaire Paul Tudor Jones Says Gold Losing the Race Against Crypto As Inflation Hedge

Hedge fund billionaire Paul Tudor Jones says that crypto is currently his preferred way of hedging against inflation.

In a new interview with CNBC, Jones says that crypto has acted as a great hedge as of late and is winning the race against gold.

 

“Crypto has been a great hedge… I said then, I said now, I’ve got crypto in single digits in my portfolio. I have a small trading position in our fund. I do think we’re moving into an increasingly digitized world. Clearly, there’s a place for crypto, and clearly, it’s winning the race against gold at the moment. So yes, I would think that would also be a very good inflation hedge. It would be my preferred one over gold at the moment.”

The billionaire, who heads investment management firm Tudor Investment Corporation, says that while the new Bitcoin futures exchange-traded fund (ETF) is a regulated and legitimate product, he thinks a better investment is to own physical BTC.

“I think a better way to get in would be to actually own physical Bitcoin, to take the time to learn how to own it and carry it. I think the ETF will be fine. I think the fact that it’s SEC approved should give you great comfort.”

The investor says that embracing Bitcoin is part of the American character and that China’s refusal to do so may have economic consequences for the country in the future.

“I think crypto is here to stay. Look, this is the United States of America right? The reason we’re the most dominant economic power [in] the world is because we unleash our individual entrepreneurialism and creativity. And you’re seeing China do the exact opposite. That place is on, economically, a slow boat to the South Pole. As long as the US can continue to unchain our entrepreneurs, we’re going to always be in the dominant position.”

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