CryptoSoul

2021-10-13 11:00:22 US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has published the latest Survey of Consumer Expectations report and U.S. households believe inflation will be up 5.3% one year from now. In addition to the dreary economic outlook, gas prices across the U.S. have skyrocketed up more than $1 from a year ago.

New York Fed’s Survey of Consumer Expectations Continues to Look GloomyAfter 2020’s massive monetary expansion, in order to help the economy combat the coronavirus outbreak and help facilitate the lockdown orders that subsequently followed, inflation has crept into the wallets of every American.Month after month, the Federal Reserve has published the central bank’s Survey of Consumer Expectations (SCE) reports, and every month, inflation expectations jump higher. Once again, the latest Fed SCE report published on Tuesday indicates that Americans are still expecting higher inflation and low purchasing power a year from now.The inflation expectations have surged to all-time highs and are the highest levels since 2013, with an expectation of 5.3% one year from now. Furthermore, the New York Fed (the branch that publishes the SCE report), once again mentions the coronavirus.“Median inflation uncertainty – or the uncertainty expressed regarding future inflation outcomes – was unchanged at the short-term horizon and decreased at the medium-term horizon,” the Fed survey highlights. “Both measures are still well above the levels observed before the outbreak of Covid-19.” The recently published Fed SCE report leverages a rotating panel of 1,300 households.

IMF Warns Central Banks Like the Fed to Tighten Monetary Easing PolicyIn addition to the SCE report, the International Monetary Fund (IMF) has noted, in the world organizations’ quarterly update on global economic conditions, that central banks may need to tighten monetary easing policy. The IMF emphasized countries like the U.S. and the U.K. where “inflation risks are skewed to the upside.”

IMF warns of need to be ‘very, very vigilant’ over rising inflation risk Ouvert / Commentaire

2021-10-10 11:00:15 Dreams Quest To Launch IDO

$DREAMS IDO launches on Red Kite and GameFi, DuckStarter

Singapore, 9th OCT – Dreams Quest, a blockchain-based NFT gaming platform, announces the launch of their anticipated IDO campaign scheduled on Red Kite (Polka Foundry), GameFi, and DuckStarter. The launch gives an opportunity to access the Dreams Quest ecosystem by purchasing $DREAMS tokens. The ecosystem will be gradually unveiled with a variety of mini-games, leading up to the launch set for 2022. Ouvert / Commentaire

2021-10-09 11:00:23 This Pro-Crypto U.S. Senate Candidate Holds Over $1M In Bitcoin

Blake Masters, a Republican who is hoping to unseat incumbent Arizona Senator Mark Kelly during the 2022 election, is a bitcoin millionaire, according to the latest filed financials.

Blake Masters’ Crypto InvestmentsIn its early years, bitcoin was dismissed by institutional investors as a worthless digital asset that attracts criminals. This has, however, changed significantly in recent years. Owing to the top crypto’s outstanding performance compared to other asset classes, bitcoin now bears the hallmark of institutional acceptance. While the rush of smart money and mainstream financial institutions to bitcoin is a very bullish signal, Congressional adoption is a completely different ball game.

Blake Masters, who is a top aide to billionaire entrepreneur Peter Thiel revealed his crypto portfolio in a recent filing with the U.S. Securities and Exchange Commission (SEC). Per the filing, Masters currently owns bitcoin worth more than $1 million. He has also allocated his portfolio to other cryptocurrencies including Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tezos (XTZ), among others.  This means that Masters is one of the most deeply crypto-invested congressional candidates. Apart from crypto, Masters has also invested in precious metals like gold and silver. Ouvert / Commentaire

2021-10-08 11:00:21 Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin

Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will act as a fiat on and off-ramp service for USD coin users.

Moneygram to Use Crypto for RemittancesMoneygram, a Dallas, Texas-based payments and remittances company, has announced a partnership with the Stellar Development Foundation, the development and growth arm for the Stellar blockchain, to make use of its capabilities for settling payments and facilitating remittances. The company will use the native version of USDC on the Stellar blockchain to move funds in a more easy and effective way.

However, neither Moneygram nor Circle are banks. United Texas Bank will serve as a settlement bank between Circle and MoneyGram, acting as a link between the two institutions.

Moneygram now becomes an off-ramp for users of USD coin as a way of getting fiat funds, and vice-versa, adding value to the USDC ecosystem. Moneygram was one of the first remittances companies to integrate blockchain when it announced a partnership with Ripple. However, this partnership dissolved after the SEC announced it was pursuing legal actions against the company in December, 2020.

Simpler, Faster, and CheaperThe new system to be implemented by the company is expected to allow for almost instantaneous settlement times with low fees thanks to the use of the Stellar blockchain, and no implied volatility due to the use of stablecoins. About the importance of these instruments, Alex Holmes, CEO of Moneygram stated:

As crypto and digital currencies rise in prominence, we’re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments… we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies.

According to Circle, this partnership will contribute to lowering the costs associated with remittances. This is one of the UN’s proposed Sustainable Development Goals, which aims to lower remittance costs from 7% to 3% of the funds sent. It will be interesting to see if cryptocurrencies can help achieve this objective in the short term. Ouvert / Commentaire

2021-10-07 11:00:23 Tron (TRX) Price Analysis: Breakout Zone Near $0.1020

TRON price remained well bid above $0.0850 against the US Dollar, similar to bitcoin. TRX price is rising, but it must clear $0.1020 for more upsides.

Tron Price AnalysisAfter a major decline, tron price found support near the $0.0825 level against the US Dollar. TRX price started a steady increase and it was able to clear the $0.0900 resistance zone.

There was a break above a key bearish trend line with resistance near $0.0900 on the 4-hours chart. The pair was able to settle above the $0.0900 level and the 55 simple moving average (4-hours). It even surpassed the 23.6% Fib retracement level of the key decline from the $0.1228 swing high to $0.0825 low. Ouvert / Commentaire

2021-10-06 11:00:14 A New World Built Up By NFTs

The metaverse was a big deal when it was first proposed. In Neal Stephenson’s 1992 sci-fi novel, Snow Crash, the metaverse is a virtual copy of the real world that people can interact with by wearing special “data goggles.”

Back then, the idea of the metaverse seemed quaintly optimistic. Nearly 30 years ago, it was hard to imagine how our online social interactions would become more extensive and diverse than in real life. And perhaps even more importantly—how they would be monetized. Ouvert / Commentaire

2021-10-05 11:00:10 bant.io Will Begin Accepting Crypto Payments

bant.io – a B2B lead generation and sales acceleration firm – has announced in a statement that it will begin accepting cryptocurrency payments for its services beginning in quarter four of 2021.

bant.io Is Allowing Customers to Pay with CryptoThe idea of accepting crypto as a means of payment has been a controversial and scary one for several individuals and businesses. Initially, bitcoin and other forms of crypto were designed to push items like checks, fiat currencies, and credit cards to the side and give users a little more power over their financial futures. Many of the previously mentioned items – credit cards, etc. – are issued by banks and standard financial institutions that pry into people’s lives and often make decisions on their behalf.

However, crypto does the opposite. There are no third parties involved, and usually individuals engaged in transactions do so at their own risk. There’s more independence to the scenario but accepting crypto as a method of payment has turned a lot of retailers off. They fear that the asset they’re about to accept will decrease heavily in price or be prone to heavy volatility, which could ultimately cause them to experience profit losses. Ouvert / Commentaire

2021-10-04 11:00:17 WiV Technology Token WiVA Gets Listed on BitMart Exchange With Over 5 Million Customers

Global crypto exchange BitMart announced the listing of WiVA on Friday, the native token to the fine wine and NFT platform, WiV Technology.

WiVA will join the long list of digital assets listed on BitMart including Bitcoin, Ethereum, Cardano, Tether, and Polkadot. The listing will allow WiVA holders to deposit, buy, sell, invest, and trade WiVA starting October 6, the statement confirms.

The deposits of Wiv will be opened on October 5, 2021, at 10 AM EDT while trading will be opened 24 hours later. Withdrawals from BitMart will be allowed 24 hours following the commencing of trading. At launch, only the WiVA/USDT pair will be available for trading, with additional pairs set to be added as demand establishes itself. Ouvert / Commentaire

2021-10-03 11:00:20 Welcome ‘Uptober’ – Bitcoin Rallies To A New High For The First Time In Weeks

Bitcoin investors will be glad to bid September goodbye after nearly a month of unimpressive prices. October has started with a massive bang sending Bitcoin and other cryptocurrencies soaring to new highs.

Goodbye Lows, Welcome HighsBitcoin climbed by over 10% in under 24 hours to reach $48,436 on the first day of October. For investors around the world, Uptober is in full gear and promises to be a positive month for the asset.

BTCUSD Chart By TradingViewThe immediate reason for the spike in prices has been linked to a short squeeze leading to liquidations of up to $270 million in less than one hour. Cryptocurrency enthusiasts are still basking in the euphoria of Federal Reserve Chief, Jerome Powell telling congress that there is “no intention to ban cryptocurrencies”. On the other side of the world, Iran lifted the ban on Bitcoin mining while El Salvador successfully mined its first bitcoin through the use of geothermal energy from its volcanoes.

Other cryptocurrencies were not left out from the price rally. ETH, ADA, XRP, and several top cryptocurrencies notched impressive gains amid the general uptrend. This global crypto market gained 5%, giving it a market capitalization of $2.09 trillion. Ouvert / Commentaire

2021-09-29 11:00:22 Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner

Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner.

Established in 1897, Juventus is one of most time-honored and award-winning football clubs worldwide. It was the first club in the history of football to win all the major international trophies with 38 Serie A titles, 2 Champions League titles, and 3 UEFA Cups. Juventus is one of the top ten football clubs in the world, with elite players such as Chiellini, Morata, Dybala and Bonucci. Ouvert / Commentaire