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The U.S. Leads Unconditionally in Crypto Investments   According to a report by Galaxy Digital, in the second quarter of this year about 45% of all cryptocurrency investments were in the US jurisdiction, the share of the UK in second place is 7.7%, and Singapore is 5.7%.   At the same time there is a decrease in the total volume of investments. During the second quarter of 2020 the top 10 venture capital funds managed to raise about $720 million which is the lowest level since the third quarter of 2020 when the pandemic began to make significant adjustments to the stock and cryptocurrency markets.   The digital asset market in the US remained in the leading position by a significant margin despite pressure from the regulator. Now after the court decision on the non-recognition of XRP tokens as securities the American market can attract new investors which will further strengthen its separation from the rest of the world.   Meanwhile, on the European continent the relevant Commission issued a release with recommendations for cryptocurrency companies operating in European jurisdictions to “bring their activities in line with the rules of cryptocurrency regulation” issued by the Commission last year. In Europe, the regulation of the crypto market has actually begun, but in the United States it is only being called for. It is quite possible that after the regulation rules come into force, the investment flow will turn to Europe.     #Crypto #Investments #USA  

🗞️ABN Amro raises €5 million through a green bond using Polygon's layer 2 Ethereum scaling tech. DekaBank now owns tokens representing its €5 million investment after payment. 🗞️Hong Kong maintains its position as the best-prepared jurisdiction for cryptocurrency adoption in 2023. The United States drops to third place in the crypto readiness rankings, while Switzerland rises to second place. 🗞️MakerDAO co-founder Rune Christensen discusses the potential dominance of decentralised stablecoins in the crypto market at the Token 2049 event in Singapore. Interest-bearing stablecoins could represent 30% of the market within two years, depending on macroeconomic factors. 🗞️Johnny Ng, a Hong Kong legislator, invites Ethereum co-founder Vitalik Buterin to visit & better understand the region's cryptocurrency situation. Buterin expressed uncertainty about Hong Kong's stance on crypto during a recent event. 🗞️Ethereum sees a massive reduction in energy consumption, over 99.9%, after transitioning to proof of stake (PoS).The Merge, which combined Ethereum's mainnet with the Beacon Chain PoS blockchain, facilitated this significant reduction. #Token2049 #TOKEN2049Dubai #Token2049Singapore #Crypto #Binance #BinanceUS #ETH #Ethereum #EthereumSingapore2023 #Bitcoin #HongKong #DAO #abnamro Source: Cointelegraph Thinking of Crypto but unsure where to start. Let us help www.koinbasket.com

#Crypto #Bitcoin #USDT #Market #Skills #Development #Innovation 1. Market Overview: - The total crypto market cap is approximately $2.9 trillion, showing significant growth from the previous quarter. - Bitcoin (BTC) remains the dominant cryptocurrency, with a market cap of over $1 trillion. - Ethereum (ETH) is the second-largest cryptocurrency, with a market cap of around $500 billion. - The overall market sentiment is bullish, with many altcoins experiencing significant gains. 2. Top Trending Cryptocurrencies: - #PEPE: A new meme coin that has gained massive popularity, with its market cap surpassing $1 billion. - #NOT: Another meme coin that has seen explosive growth, with its market cap reaching $1.65 billion. - #TRUMP:A political-themed cryptocurrency that has gained traction due to its association with former US President Donald Trump. - #BRETT: A cryptocurrency that has gained popularity due to its association with a popular social media influencer. - #MUMU: A cryptocurrency that has seen significant growth in the last 24 hours, with its market cap reaching $45.3 million. 3. Market Performance: - Bitcoin (BTC) is up 0.4% in the last 24 hours, trading at around $60,000. - Ethereum (ETH) is down 0.8% in the last 24 hours, trading at around $4,000. - The DeFi market has seen significant growth, with many DeFi tokens experiencing double-digit gains. - The NFT market has also seen a resurgence, with many NFT projects experiencing significant growth. 4. Regulatory Developments: - The US Securities and Exchange Commission (SEC) has approved the first Bitcoin ETF, which is expected to bring more institutional investors into the market. - Several countries, including China and India, have announced plans to regulate cryptocurrencies, which could have a significant impact on the market. - #CryptoUpdate: - #TrendingCoins: - #BitcoinMeme: - #CryptoTrends: - #CryptoRegulation:

🔗 Weekly Cryptocurrency Update: Key Highlights (May 24-31, 2024) This week has been pivotal for the cryptocurrency world, with significant developments impacting the market: 1. Bitcoin’s Steadfast Performance Bitcoin has shown remarkable stability, maintaining its position above $30,000 despite broader market fluctuations. This resilience is a positive sign for investors during these uncertain economic times. 2. Ethereum’s “Quantum Leap” Upgrade Ethereum has successfully launched its “Quantum Leap” upgrade, aimed at improving network scalability and reducing transaction fees. This milestone is expected to drive further adoption and innovation within the Ethereum ecosystem. 3. Tether’s Transparency Report Tether (USDT) released a comprehensive transparency report this week, detailing its reserve holdings and operational updates. This move aims to bolster confidence among investors and regulators, reinforcing Tether’s commitment to transparency and stability in the stablecoin market. 4. Cryptocurrency Adoption in Latin America This week, several Latin American countries announced new initiatives to adopt cryptocurrency for various public and private sector applications. Governments and businesses are exploring blockchain solutions to enhance financial inclusion and economic development in the region. 5. European Union’s Regulatory Framework The European Union has proposed a comprehensive regulatory framework for cryptocurrencies. This initiative aims to provide clarity and protection for investors while encouraging innovation within the sector, potentially boosting the European crypto market. Stay tuned with Cash2Bitcoin for more updates and insights as we navigate the ever-evolving cryptocurrency landscape together. 🚀💼🔍 #Cryptocurrency #Bitcoin #Ethereum #Tether #Blockchain #CryptoNews #Cash2Bitcoin #Investing #Innovation #Regulation

Whale Alert, a blockchain tracking analytics tool, has reported significant activity by a major XRP holder, transferring large amounts of the cryptocurrency to various exchanges. This movement coincided with a noticeable increase in XRP's price, garnering attention in the crypto community. DeFi Technologies is set to transform Europe's cryptocurrency landscape with the December 2023 launch of an XRP Exchange-Traded Product (ETP), facilitated by its subsidiary, Valour Inc. This initiative, aligning with the rising demand for diverse digital assets, offers investors a secure and straightforward way to engage with XRP, currently the fifth-largest cryptocurrency by market value. The ETP, offering exposure to XRP, will be accessible through major European exchanges, banks, and brokerages. Valour aims to broaden its ETP offerings to include traditional and physical assets, reflecting the increasing adoption of XRP ETPs in Europe and the region's expanding crypto sector. Valour's Chief Sales Officer, Marco Infuso, expressed enthusiasm about the XRP ETP launch, seeing it as a vital expansion of their portfolio and aligning with the growing European interest in various digital asset investments. DeFi Technologies emphasizes XRP's utility in RippleNet for fast international transactions, enhancing its attractiveness. Currently, XRP is priced at $0.6211, up 4.14% in the last 24 hours, although its trading volume has decreased by 25.90% during the same period. . . . #XRP #Ripple #Price #ETP #Business #Europe #Trading #Price #Cryptostan #TheCryptoCountry

Weekly Market Update This week in the world of blockchain and cryptocurrency, several key developments have made headlines, shaping investor sentiment and market dynamics. One of the most significant events was the SEC’s approval of spot Ethereum ETFs, a pivotal moment that marks a major milestone for cryptocurrency adoption and investment. This approval has sparked discussions about the potential for an 'ETH season', as market participants anticipate positive movements in Ethereum's price. The expectation is that these ETFs could begin trading by mid-June, subject to regulatory processes. Despite these optimistic projections, the actual impact on Ethereum's market price has been tempered. Analysts suggest that while the approval is a positive step, the anticipated price surge has not materialized immediately. This scenario underscores the complex dynamics at play in crypto markets, where regulatory developments and investor sentiment often create unpredictable outcomes. In broader market trends, the crypto landscape continues to evolve with significant investments and strategic shifts. Companies are increasingly focusing on mergers and acquisitions to consolidate their positions in a crowded market. This trend could lead to the emergence of more robust platforms capable of offering comprehensive crypto services. As we look to the future, the integration of blockchain technology into diverse sectors continues unabated, with new applications and innovations emerging regularly. This ongoing evolution is a testament to the vibrant and dynamic nature of the blockchain ecosystem. For those keeping an eye on market movements and strategic developments, staying informed about these changes is crucial for making educated investment decisions. #Blockchain #Cryptocurrency #Ethereum #ETF #SECApproval #CryptoInvestment #MarketTrends

Hong Kong is stepping up in the global race for cryptocurrency dominance! Here are three critical updates: 1. Hong Kong's first spot cryptocurrency exchange traded funds (ETFs) started trading last Tuesday, marking a significant milestone in the city's push to become a cryptocurrency hub. 2. Mainland Chinese asset managers - Bosera Asset Management, Harvest Global Investments, and China Asset Management - have each launched two ETFs tracking Bitcoin and Ether prices. This shows a strong endorsement from China's leading financial institutions. 3. Despite China's strict cryptocurrency rules, the launch of these crypto-linked funds indicates a growing acceptance and excitement within the industry. It's a signal that barriers may be breaking down. Hong Kong's move to embrace crypto ETFs proves the city's commitment to staying at the forefront of financial innovation. #CryptoETFs #Cryptocurrency #HongKong #FinancialInnovation

🔮 Prediction: As private credit continues to lead the way in crypto asset tokenization, we can expect to see a surge in innovation and growth within this sector. The $600 million outstanding on-chain assets signal a promising future for tokenized investments in the crypto space. 💡 Commentary: 1. The emergence of Untangled's USDC lending pool on Celo marks a significant milestone in the tokenized private credit market, showcasing the increasing adoption of DeFi solutions. 2. As traditional financial instruments are being digitized and decentralized, we are witnessing a seismic shift in how investments are structured and accessed in the digital era. 3. The transparency, efficiency, and security offered by blockchain technology in tokenizing private credit assets open up new opportunities for investors seeking diversified portfolios with higher liquidity. 🚀 Key Takeaways: - Tokenized private credit is revolutionizing the way assets are managed and transacted, creating a more inclusive and accessible investment landscape. - The $600 million in outstanding on-chain assets highlights the growing demand for alternative investment opportunities in the crypto space. - Untangled's entry into the USDC lending pool on Celo further validates the potential of DeFi platforms to disrupt traditional finance and drive innovation in the sector. #Crypto #DeFi #Tokenization #PrivateCredit #Blockchain #Innovation #Investments #Untangled #USDC #Celo #FutureOfFinance Source: https://lnkd.in/eKRHwG4n

We've been waiting a long time to tell this story, and now seems like the right time! Take a look at the interesting world of trading in cryptocurrencies by following us. 1. Market Trends: The cryptocurrency market has grown incredibly quickly; Bitcoin's market value has now surpassed $1 trillion. This rise has not only caught the attention of individual investors but also of large financial institutions, indicating a major change in the financial scene. 2. Blockchain Technology: At Excellencium, we know that blockchain technology has the power to change more than just digital currencies. Because it is decentralised and open, it has the potential to change many fields, from banking to supply chain management. It is thought that blockchain technology will add £57 billion to the UK economy by 2030, opening up new ways to innovate and grow. 3.  As part of our mission to offer complete financial solutions, Excellencium encourages adding cryptocurrencies to investment portfolios to help with diversification. These assets don't always have strong ties to traditional assets like stocks and bonds. This helps buyers in the UK lower their risks and get more stable returns, especially when the market is volatile. 4. Crypto Wallets: In this day and age, security is very important, that's why we stress how important crypto wallets are for keeping digital valuables safe at Excellencium. To keep your savings safe, you need to know about the different kinds of wallets, from hardware to software. As more people in the UK use cryptocurrencies, the need for safe and easy-to-use wallets is likely to grow. This will push innovation in the fintech sector. Finally, investing in cryptocurrencies comes with some risks. However, at Excellencium, we think that if you do your research and make smart choices, it can be a rewarding journey. We can't wait to see what comes next in the crypto space! Let's do something else together. In what ways do you think investment in cryptocurrencies makes sense? Please share your thoughts and stories below! Follow : #excellencium #Bitcoin #Ethereum #Cryptocurrency #Blockchain #DeFi #FinanceUK #UKInvesting #Excellencium

Controversy Surrounds Binance’s New Stablecoin, First Digital USD (FDUSD) By: Zeng Han-Jun, Head of Research, Market Capital Research Binance, the cryptocurrency exchange, has recently introduced a new stablecoin called First Digital USD (FDUSD) to its platform. Released by First Digital Trust, a digital asset custodian based in Hong Kong, FDUSD has stirred up a significant amount of attention and controversy within the crypto community. On June 1, First Digital Group announced the launch of FDUSD, a stablecoin pegged to the U.S. dollar. Initially available on the Ethereum and Binance Smart Chain networks, FDUSD aims to provide users with a reliable and efficient means of conducting transactions. Presently, the total circulating supply of FDUSD is approximately 10.11 million, with the vast majority (over 99.9%) stored in Binance wallet addresses. First Digital is a Trust License holder in Hong Kong, with the Securities and Futures Commission (SFC). As a licensed entity, First Digital is expected to adhere to the regulatory requirements set forth by the SFC. As such, they must prove that FDUSD is backed by adequate assets. Also, as an HK Trust, they should maintain full reserves and must not invest those assets. The implications of these actions are yet to be determined. Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The NFT and cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions. This research is supported by Genkii.io, the global talent marketplace for consultants and professional service providers. #crypto #cryptocurrency #bitcoin #ethereum #blockchain