Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks – Regulation Bitcoin News – My Network Net Worth

U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that there could be potentially serious consequences if this market comes under stress.”

Senator Warren Wants Quick Regulatory Response to Crypto Risks

U.S. Senator Elizabeth Warren wrote a letter to Treasury Secretary Janet Yellen Monday outlining numerous concerns regarding the risks posed by cryptocurrency.

“I am writing to you in your capacity as Chair of the Financial Stability Oversight Council (FSOC) regarding the need for a coordinated and cohesive regulatory strategy to mitigate the growing risks that cryptocurrencies pose to the financial system,” Warren wrote.

She explained that the FSOC “is responsible for identifying and responding to emerging risks to financial stability.” The senator from Massachusetts described:

I have become increasingly concerned about the dangers cryptocurrencies pose to investors, consumers, and the environment in the absence of sufficient regulation in the United States.

She then raised concerns that “the demand for cryptocurrencies continues to grow and these assets become more embedded in our financial system.” She proceeded to outline some risks cryptocurrencies pose to the U.S. financial system, hedge funds, and other investment vehicles, including risks to banks, cyber attacks, and risks unique to stablecoins and decentralized finance (defi).

“The council must determine whether these trends raise concerns beyond investor and consumer protection and extend to broader systemic vulnerabilities that could threaten financial stability,” Warren emphasized. “It is essential that the policy response to the risks posed by these assets is coordinated and holistic, rather than fragmented amongst individual financial agencies.”

Senator Warren also proposed that the FSOC “take a leading role in developing a comprehensive regulatory regime for cryptocurrencies.”

She wrote, “I urge FSOC to act with urgency and use its statutory authority to address cryptocurrencies’ risks and ensure the safety and stability of our financial system,” warning:

The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that there could be potentially serious consequences if this market comes under stress.

Earlier this month, Senator Warren called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority” to address cryptocurrencies risks, emphasizing that “Congress must also step up to close these regulatory gaps.”

What do you think about Senator Warren asking Treasury Secretary Yellen to take action urgently to mitigate cryptocurrency risks? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

She explained that the FSOC “is responsible for identifying and responding to emerging risks to financial stability.” The senator from Massachusetts described:

Source: https://mynetworknetworth.com/2021/07/28/senator-warren-urges-treasury-secretary-yellen-to-urgently-adopt-policy-to-mitigate-cryptocurrencies-risks-regulation-bitcoin-news/

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Safemoon – American Wrap 26 July

Bitcoin price pares gains as Amazon denies it will accept BTC in 2021

Bitcoin price was up over 14% at one time today, taking it close to the imposing resistance beginning at $41,300. BTC falling wedge pattern breakout remains secure and projects higher prices. Amazon denied plans to launch a cryptocurrency in 2022 but acknowledged it would continue to explore cryptocurrencies.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC confirms trend change, while altcoins show impressive gains

Bitcoin price extends breakout from a falling wedge pattern with an explosive 10% gain. Ethereum price is on pace to close with the best six-day gain since the beginning of May. XRP price breaks the May descending trend line and tests the robust resistance at the May 23 low of $0.652.

SafeMoon price nears lift-off, as SAFEMOON possesses the conditions for a big move

Safemoon price has been coiling within a descending triangle pattern since the May crash, highlighted by no sustainable rallies and continuous support along the May 19 low of $0.00000261. The downward trajectory has kept SAFEMOON investors on the defensive. However, in the context of tightening price traction enforced by the triangle pattern and emphasized by the notable contraction of the Bollinger Bands, combined with a nearing apex, SafeMoon price is poised for a substantive move soon, either way.

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Source: https://www.fxstreet.com/cryptocurrencies/news/cryptocurrencies-price-prediction-bitcoin-ethereum-safemoon-american-wrap-26-july-202107262137

U.S. markets touch new highs; cryptocurrencies surge after Amazon job listing

The Dow Jones Industrial Average and S&P 500 touched record highs as they climbed for the fifth consecutive day. File Photo by John Angelillo/UPI

The Dow Jones Industrial Average and S&P 500 touched record highs as they climbed for the fifth consecutive day. File Photo by John Angelillo/UPI | License Photo

July 26 (UPI) — U.S. markets climbed to new highs Monday after posting modest gains, while bitcoin climbed to a six-week high.

The Dow Jones Industrial Average gained 82.76 points, or 0.24%, while the S&P 500 climbed 0.24%, as both posted increases for the fifth consecutive session, and the Nasdaq Composite closed the day up 0.025% as each index touched a record high.

Tesla stock gained 2.21% as it was set to report second-quarter earnings after the bell, while Google‘s parent company, Alphabet, increased 0.77% and Apple gained 0.29% while Microsoft dipped 0.21% as they were set to report earnings on Tuesday.

Second-quarter earnings have been strong so far as 88% of S&P 500 companies have posted positive earnings, on pace for the highest percentage since 2008.

“U.S. equities remain resilient as they continue to climb the wall of worry into a record-high territory,” Craig Johnson, chief market technician at Piper Sandler told CNBC. “An impressive start to earnings season has kept the buy the dip sentiment alive and offset concerns over peak growth and rising new cases of coronavirus.”

Bitcoin briefly rose above $40,000 as cryptocurrencies surged after Amazon listed a job opening for a digital currency and blockchain product lead.

Ethereum reached $2,363, while dogecoin climbed to 22 cents per coin for a market cap of $28.8 billion.

The role posted by Amazon would be part of the company’s payment acceptance and experience team and called for someone with a “deep understanding” of the “cryptocurrency ecosystem and related technologies.”

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon,” a spokesperson told CNN. “We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

“U.S. equities remain resilient as they continue to climb the wall of worry into a record-high territory,” Craig Johnson, chief market technician at Piper Sandler told CNBC. “An impressive start to earnings season has kept the buy the dip sentiment alive and offset concerns over peak growth and rising new cases of coronavirus.”

Source: https://www.upi.com/Top_News/US/2021/07/26/markets-touch-new-highs-cryptocurrencies-surge-Amazon-listing/7911627329691/

FOREX-Dollar eases as focus turns to Fed, cryptocurrencies jump


* Focus turns to Fed meeting
* Bitcoin eyes $40,000 after report Amazon to accept it as payment
* Ifo German business climate index falls unexpectedly

LONDON, July 26 (Reuters) – The dollar slipped against a basket of currencies on Monday as investors turned their focus to this week’s Federal Reserve meeting and cryptocurrencies jumped to their highest levels in weeks.The euro ticked 0.2% higher to $1.1795.

German business morale fell unexpectedly in July on continuing supply chain worries and rising coronavirus infections, a survey showed on Monday. The Ifo institute said its business climate index fell to100.8 from a revised 101.7 in June.

A Reuters poll of analysts had pointed to a July reading of 102.1. The yen gained as much as 0.4% to 110.11 yen per dollar. . Sterling gained against the dollar and the euro ascoronavirus infections in Britain receded for now.

The dollar index , which measures the currency against six major peers, slipped 0.2% to 92.688 under pressure from the euro and yen, but was still close to last week’s 3-1/2-month high of 93.194.

It has gained nearly 4% from a low on May 25 as an improving U.S. economy bolstered the outlook for the Fed to start paring asset purchases as early as this year.

“We think that the Fed will have detailed tapering discussions, but without providing any concrete guidance and short of a taper warning or decision,” CitiFX analysts Ebrahim Rahbari and Lenny Jin wrote in a note to clients.

They added that there were risks for a slightly later announcement of a taper decision from the Fed – for example, out to the fourth quarter – given the uncertainty associated with the Delta variant of the coronavirus.

The Fed at its last meeting on June 16 dropped a referenceto the coronavirus as a drag on the economy.

“Given the policy divergence between the Fed and a staunchly dovish ECB, we see euro/dollar as broadly range-bound, but that this environment does not point to dollar strength,” the CitiFX analysts said.

The U.S. data calendar is light, with the focus on the Dallas Fed Manufacturing Activity index, which is expected to have gained in July.

Cryptocurrency Bitcoin jumped by as much as 10% to a more than five-week high of $39,850 , while ether gained 7.35% to $2,353 after London’s City A.M. newspapercited an un-named insider at the weekend as saying Amazon is looking to accept bitcoin payments by year-end.

The report followed Twitter boss Jack Dorsey’s comment on Friday that the digital currency is a “big part” ofthe social-media company’s future.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Source: https://www.kitco.com/news/2021-07-26/FOREX-Dollar-eases-as-focus-turns-to-Fed-cryptocurrencies-jump.html

Top Cryptocurrencies to Buy and Hold in July 2021

Cryptocurrencies

Here are the 10 best cryptocurrencies to invest in, right now!

The popularity of cryptocurrencies is increasing at a rapid pace and this influence is attracting new investors along with seasoned financial investors who want to give cryptocurrencies a shot. With several headlines every day, cryptocurrencies like Bitcoin and Ethereum are spreading the needed awareness of crypto potential. If you want to invest in cryptocurrencies or expand your already existing crypto portfolio, here are the best cryptocurrencies to watch out for in July 2021.

Bitcoin

Bitcoin was the first-ever digital coin that could record transactions on a decentralized blockchain network. Launched in 2008, it’s now the largest cryptocurrency in the market and dominates the crypto movements in terms of size, volume, value, and market cap. People who heard about Bitcoin in 2008 and did not believe in it have a love-hate relationship with this cryptocurrency now, as it touched its peak of US$60,000 earlier this year.

Ethereum

Next to Bitcoin, Ethereum is the second-largest cryptocurrency. It was launched in 2015 with just a supply of 72 million coins. Since last year, Ethereum has seen a 946.8% increase, and the new launches on its network are exciting market experts and experienced investors. According to predictions, Ethereum’s price will touch the US$5,000 mark.

Tether

Tether is a unique cryptocurrency. In the crypto market, Tether is the most popular stable coin. A stable coin has its value pegged to a fiat currency like the US dollar and the Euro. They make for low-risk investments and the investor is guaranteed the value of a fiat currency for every Tether purchase.

Binance Coin

Binance Coin is a token that can be used on Binance exchange, one of the largest cryptocurrency exchanges in the world. It’s the fourth-largest cryptocurrency in the market and its value will continue to grow as long as there is activity on the Binance exchange platform.

Cardano

In just 4 years, Cardano became the fifth-largest cryptocurrency. Known as the Ethereum killer, its blockchain network is the rival for Bitcoin and Ether. Amidst market volatility, Cardano has the capability to withstand the lows and stabilize quicker than other cryptocurrencies. Adding this to the fact that new launches await Cardano’s network, this is potentially strong crypto to invest in.

Dogecoin

Made as a joke by two software programmers, Dogecoin rose to popularity thanks to Elon Musk. In May 2021, Elon Musk made Dogecoin the first cryptocurrency to be accepted by Tesla and the rest made history through several headlines. The value of the coin has plummeted because of the hype, but experts are still counting on its foreseeable big boom.

Ripple

Ripple has a unique technology behind its network, it is both, a cryptocurrency and a digital payment network. Made as a token to be used on the Ripple platform, this crypto can be used to buy other cryptocurrencies and for overseas transactions. This major utility has made Ripple an investor favorite.

USD Coin

Just like Tether, USD Coin is also a stable coin but its value is strictly connected to the US dollar. It runs on the Ethereum, Stellar, Algorand, and Solana blockchains and guarantees the value of one US dollar for one USD Coin to all investors.

Polkadot

There are more than a thousand cryptocurrencies in the market and Polkadot has an ambitious project in mind, to connect all the blockchains. When successfully done, Polkadot holds the ability to transform the cryptocurrency market. Polkadot’s protocol was created by Ethereum’s co-founder and experts predict that Polkadot will hit the US$50 mark soon.

Uniswap

In less than a year, Uniswap made its way to the top 10 cryptocurrencies in the market. Uniswap is a decentralized finance protocol that is used to exchange crypto. It’s one of the most affordable cryptocurrencies to buy at the moment and also comes with huge growth potential.

Next to Bitcoin, Ethereum is the second-largest cryptocurrency. It was launched in 2015 with just a supply of 72 million coins. Since last year, Ethereum has seen a 946.8% increase, and the new launches on its network are exciting market experts and experienced investors. According to predictions, Ethereum’s price will touch the US$5,000 mark.

Source: https://coingraph.uno/2021/07/26/top-cryptocurrencies-to-buy-and-hold-in-july-2021/

Cryptocurrencies could lead to ‘limitless’ losses for UK government

The government could face “limitless” losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned.

A growing number of companies, including the ethical cosmetics firm Lush and office-sharing firm WeWork, have begun taking payments for goods and services in cryptocurrencies such as bitcoin, alongside debit payments, credit or cash.

But while the shift has been welcomed by crypto-enthusiasts, experts said it could be an easy way for directors to hide cash from authorities, particularly when companies go bust.

Julie Palmer, a managing director at insolvency firm Begbies Traynor, said the growing popularity of cryptocurrency payments would make it harder for administrators – who are in charge of winding down a business after it fails – to track where money has come from, and whether owners, staff or directors are stripping funds out of the business illegally.

It means criminals could walk away with income that would usually be clawed back and distributed to creditors, including the tax collectors at HM Revenue and Customs and local authorities.

Palmer said that without new regulations and taxation plans, the government could face huge losses. “The potential is limitless, depending on how popular this becomes,” she warned.

It is the latest threat emerging from the rising popularity of cryptocurrencies, which have been linked to money laundering and black market dealings.

Criminals hoping to conceal wealth from tax collectors and administrators have traditionally had to go through the onerous process of setting up an investment vehicle, such as an offshore trust, to hide cash. In recent years, it has become easier for small businesses, tradespeople and criminals to accept payment in cryptocurrency by setting up “virtual wallets” online.

With trusts, “at least we could see the source of that money and where it’s gone”, Palmer said. But with cryptocurrencies, which are harder to trace, “we’ve got even less of a chance of actually tracing that and seeing the money that’s been taken out”.

Palmer said there was nothing the insolvency profession could do to tackle the issue on its own and believes UK authorities – who are a “year or two behind” the US on the issue – should take action and introduce laws to ensure crypto-assets are properly regulated and taxed. “It’s potentially a major loss of income tax revenue,” she said.

HMRC said it recently released a manual outlining the tax consequences of different types of crypto-asset transactions.

An HMRC spokesperson said: “We take action, including using powers provided by parliament to gather data from a range of information sources, to identify and investigate those that have failed to declare all their income and gains, ranging from individuals operating in the hidden economy, through to sophisticated organised crime groups and offshore structures used to hide earnings and other assets.”

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The Treasury is reviewing evidence from a consultation on how to regulate crypto-assets.

The review is taking place at the same time as the Bank of England and the Treasury weigh up the possibility of digital assets being integrated into the UK’s monetary system, potentially via a Bank-issued asset sometimes dubbed “Britcoin”.

While the Bank has signalled that it is open to the idea, its chief economist Andy Haldane has dismissed as fanciful the idea that existing cryptocurrencies such as bitcoin could become a standard payments mechanism.

Julie Palmer, a managing director at insolvency firm Begbies Traynor, said the growing popularity of cryptocurrency payments would make it harder for administrators – who are in charge of winding down a business after it fails – to track where money has come from, and whether owners, staff or directors are stripping funds out of the business illegally.

Source: https://www.theguardian.com/technology/2021/jul/25/cryptocurrencies-could-lead-to-limitless-losses-for-uk-government

Top Growing Cryptocurrencies in July 2021

Best cryptocurrencies for you to invest in.

There are more than a thousand cryptocurrencies in the market, at the moment. The ones that seldom make headlines are Bitcoin, Dogecoin, Baby Doge, and Polkadot to name a few. With frequent market volatility, choosing the right cryptocurrency for investment becomes an overwhelming task. To help you make smart investments, here are the best cryptocurrencies with the most growth potential.

1. Bitcoin

Created in 2009, Bitcoin was the first and now the largest cryptocurrency. Like other cryptocurrencies, Bitcoin runs on a blockchain network that acts as a ledger to log transactions. This network uses a proof of work system, which verifies every logged transaction by solving a cryptographic puzzle, to keep Bitcoin transactions secure and safe from hackers. Five years ago, Bitcoin was priced at approximately US$500, and now it is trading for US$32,657 at the time of writing.

2. Ethereum

Ethereum is the network that powers the token Ether. Ethereum is a developer’s favorite platform as it supports smart contracts that allow them to create apps based on the network. Ethereum has also seen massive growth over the years. Second to Bitcoin in market cap, it now trades at US$2077.

3. Tether

Tether is a unique cryptocurrency as it is a stable coin. Stable coins are backed by fiat currencies like the US dollar or the Euro, which means anyone who buys 1 Tether coin will be guaranteed the value of one fiat currency. Theoretically, this means Tether’s value will be more stable than other cryptocurrencies amidst market volatility. This makes Tether a low risk-cryptocurrency.

4. Binance Coin

Binance Coin is a crypto token that is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you want to invest in other cryptocurrencies like Bitcoin and Ether securely, it’s best to invest in Binance first and then trade it for other cryptocurrencies. In 2017, Binance Coin was trading for US$0.10 approximately, and now its priced at US$297.98

5. Cardano

Cardano is touted for its proof-of-stake validation, which reduces transaction time and uses less energy. Because environmentally friendly coins have become the latest frenzy, Cardano fits perfectly into the picture. It also serves many use cases as it enables smart contracts and decentralized applications. Compared to other cryptos of its kind, Cardano sees less market volatility. As of June 2021, Cardano was trading at US$1.50, which is a 7,400% increase.

6. Dogecoin

Dogecoin never fails to surround itself with hype, which is one of the reasons for its price growth. Cryptocurrencies like Bitcoin come with a limited coin supply, but Dogecoin has no limit. What was started as a joke in 2013 is now seeing a myriad of supporters, from billionaires to celebrities? After dodging many highs and lows, Dogecoin now trades at US$0.1954.

7. XRP

Ripple is a digital technology and payments processing company and XRP is a token created by them. To facilitate the exchange of other cryptocurrencies on the network, XRP can be traded for traditional currencies as well. XRP has seen massive growth over the years and now trades at US$0.601, making this one of the most affordable cryptos to invest in.

8. USD Coin

USD Coin is also a stable coin with its value pegged to the US dollar. For every USD Coin bought, the investor will be assured the value of US$1. This coin is powered by Ethereum which means it can complete transactions on a global scale.

9. Polkadot

There are more than 7000 cryptocurrencies in the market and they use various blockchain networks. Polkadot’s aim is to integrate them all by creating a cryptocurrency network that connects all the blockchains to work in sync. This ambitious mission has attracted many experienced investors, booming Polkadot’s growth. Launched in 2020, Polkadot grew rapidly and now trades at US$13.17 as the 9th largest cryptocurrency.

10. Uniswap

Uniswap runs on the Ethereum network and powers Uniswap crypto exchange. This exchange works on an automated liquidity model for trading, with no involvement of a bank or a broker. Uniswap is also an open-source platform, so anyone can use the code to create new exchange platforms. This token was launched in 2020, and in one year grew to become the 10th largest cryptocurrency.

Binance Coin is a crypto token that is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you want to invest in other cryptocurrencies like Bitcoin and Ether securely, it’s best to invest in Binance first and then trade it for other cryptocurrencies. In 2017, Binance Coin was trading for US$0.10 approximately, and now its priced at US$297.98

Source: https://btc69news.com/2021/07/top-growing-cryptocurrencies-in-july-2021/

Top Growing Cryptocurrencies in July 2021

Best cryptocurrencies for you to invest in.

There are more than a thousand cryptocurrencies in the market, at the moment. The ones that seldom make headlines are Bitcoin, Dogecoin, Baby Doge, and Polkadot to name a few. With frequent market volatility, choosing the right cryptocurrency for investment becomes an overwhelming task. To help you make smart investments, here are the best cryptocurrencies with the most growth potential.

1. Bitcoin

Created in 2009, Bitcoin was the first and now the largest cryptocurrency. Like other cryptocurrencies, Bitcoin runs on a blockchain network that acts as a ledger to log transactions. This network uses a proof of work system, which verifies every logged transaction by solving a cryptographic puzzle, to keep Bitcoin transactions secure and safe from hackers. Five years ago, Bitcoin was priced at approximately US$500, and now it is trading for US$32,657 at the time of writing.

2. Ethereum

Ethereum is the network that powers the token Ether. Ethereum is a developer’s favorite platform as it supports smart contracts that allow them to create apps based on the network. Ethereum has also seen massive growth over the years. Second to Bitcoin in market cap, it now trades at US$2077.

3. Tether

Tether is a unique cryptocurrency as it is a stable coin. Stable coins are backed by fiat currencies like the US dollar or the Euro, which means anyone who buys 1 Tether coin will be guaranteed the value of one fiat currency. Theoretically, this means Tether’s value will be more stable than other cryptocurrencies amidst market volatility. This makes Tether a low risk-cryptocurrency.

4. Binance Coin

Binance Coin is a crypto token that is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you want to invest in other cryptocurrencies like Bitcoin and Ether securely, it’s best to invest in Binance first and then trade it for other cryptocurrencies. In 2017, Binance Coin was trading for US$0.10 approximately, and now its priced at US$297.98

5. Cardano

Cardano is touted for its proof-of-stake validation, which reduces transaction time and uses less energy. Because environmentally friendly coins have become the latest frenzy, Cardano fits perfectly into the picture. It also serves many use cases as it enables smart contracts and decentralized applications. Compared to other cryptos of its kind, Cardano sees less market volatility. As of June 2021, Cardano was trading at US$1.50, which is a 7,400% increase.

6. Dogecoin

Dogecoin never fails to surround itself with hype, which is one of the reasons for its price growth. Cryptocurrencies like Bitcoin come with a limited coin supply, but Dogecoin has no limit. What was started as a joke in 2013 is now seeing a myriad of supporters, from billionaires to celebrities? After dodging many highs and lows, Dogecoin now trades at US$0.1954.

7. XRP

Ripple is a digital technology and payments processing company and XRP is a token created by them. To facilitate the exchange of other cryptocurrencies on the network, XRP can be traded for traditional currencies as well. XRP has seen massive growth over the years and now trades at US$0.601, making this one of the most affordable cryptos to invest in.

8. USD Coin

USD Coin is also a stable coin with its value pegged to the US dollar. For every USD Coin bought, the investor will be assured the value of US$1. This coin is powered by Ethereum which means it can complete transactions on a global scale.

9. Polkadot

There are more than 7000 cryptocurrencies in the market and they use various blockchain networks. Polkadot’s aim is to integrate them all by creating a cryptocurrency network that connects all the blockchains to work in sync. This ambitious mission has attracted many experienced investors, booming Polkadot’s growth. Launched in 2020, Polkadot grew rapidly and now trades at US$13.17 as the 9th largest cryptocurrency.

10. Uniswap

Uniswap runs on the Ethereum network and powers Uniswap crypto exchange. This exchange works on an automated liquidity model for trading, with no involvement of a bank or a broker. Uniswap is also an open-source platform, so anyone can use the code to create new exchange platforms. This token was launched in 2020, and in one year grew to become the 10th largest cryptocurrency.

Cardano is touted for its proof-of-stake validation, which reduces transaction time and uses less energy. Because environmentally friendly coins have become the latest frenzy, Cardano fits perfectly into the picture. It also serves many use cases as it enables smart contracts and decentralized applications. Compared to other cryptos of its kind, Cardano sees less market volatility. As of June 2021, Cardano was trading at US$1.50, which is a 7,400% increase.

Source: https://cloudcryptonews.com/2021/07/top-growing-cryptocurrencies-in-july-2021/

Billionaire Thomas Peterffy Admits He Has Invested in Cryptocurrencies

Thomas Peterffy – Founder and Chairman of Interactive Brokers – revealed he had personally purchased some cryptocurrencies for himself. In addition, the billionaire stated that the clients of his company have been showing a growing demand for digital assets services.

‘You Have to Play The Odds’

During a CNBC interview, the Hungarian-born businessman Thomas Peterffy admitted that he has invested in cryptocurrencies. Despite saying that he is still skeptical over the long-term future of the asset class, he noted that there is a possibility it would become a globally dominant currency:

“Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there’s a small chance that this will be a dominant currency, so you have to play the odds.”

Peterffy’s words came as a change of heart since he previously said that Bitcoin needs to stay away from the “real economy.” On the other hand, the billionaire, known as the “father of high-speed trading,” opined that cryptocurrencies are a great idea but only if the governments and officials allow their free trade and usage.

The top executive, who did not specify which virtual currency or currencies he owns, revealed that the customers of Interactive Brokers are more and more interested in the asset class, and the company plans to launch such trading options:

“Several of our clients expressed interest. And I completely understand it.”

Interactive Brokers to Allow Crypto Trading

As CryptoPotato recently reported, one of the leading brokerage companies – Interactive Brokers – will indeed start offering cryptocurrency trading services to its clients by the end of this summer.

Thomas Peterffy asserted that the firm with more than three million trades per day must deliver maximum security for its clients while operating with virtual assets:

“As for hurdles, the greatest hurdle is how do you keep your customers 100% safe. How do you make it 100% sure that no one will steal their coins in spite of the fact that they are untraceable. We will find more about this when we open for business at the end of the summer.”

“Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there’s a small chance that this will be a dominant currency, so you have to play the odds.”

Source: https://deep-resonance.org/2021/07/23/billionaire-thomas-peterffy-admits-he-has-invested-in-cryptocurrencies/

With cryptocurrencies the US government will pay for information related to the defense of its national security

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, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

The United States government announced that it will pay with cryptocurrencies to those who provide useful information that helps protect their national security. Specifically, the State Department would contribute an equivalent of $ 10 million dollars to the platforms that provide information on cyberattacks prepared by foreign governments.

This measure stands out for being the first time that the North American nation has appealed to cryptocurrencies for payment of rewards for services received. It should be noted that this measure clearly refers to China. Recently, the European Union, the United States and NATO accused China of attacking the company Microsoft.

That attack on the tech giant, according to Western nations, was planned by the Chinese government itself. In this way, this group of nations, joined by Australia and New Zealand, would be creating a defense network against cyber threats supposedly coming from and organized by Beijing.

United States government will pay for services with cryptocurrencies

The fact that the United States government itself, through the State Department, will pay with cryptocurrencies is momentous. It is the first precedent in which the authorities of that country use digital currencies. In this case, to access sensitive information related to the defense of your national security.

This fact makes it clear that the US authorities are using all possible methods and forms in the face of external threats. It should be remembered that recently the Colonial pipeline was successfully attacked by Russian hackers. This fact cast doubt on the defense capacity of the United States against such threats.

«This is the first time that the justice-oriented information rewards program uses cryptocurrencies“Explained a spokesperson quoted on CoinDesk. This institution of the North American government, would be proceeding through the dark web to protect the informant source.

, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

That would be, at the same time, the purpose of the United States government, when announcing that it will pay the rewards precisely with cryptocurrencies.

, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

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, With cryptocurrencies the US government will pay for information related to the defense of its national security, Forex-News, Forex-News

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Source: https://www.forex-news.com/crypto-news/with-cryptocurrencies-the-us-government-will-pay-for-information-related-to-the-defense-of-its-national-security/