Category: Cryptocurrency News

In every single dip up until the all-time-high, and now the current dip, It's hard to see people panic over a dip of -2% a day. It's even worse when people just give up on Crypto as a whole just because they didn't make a profit after being in it in a month or two.…
Read more

Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate […]

“The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets,” says the FSOC.

Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments towards digital assets as the major investment vehicle. Millennials Making Millions From Crypto The CNBC survey found that millennial millionaires were more likely to put more of their wealth in crypto. In fact, about 53% of all millennial millionaires currently hold about 50% of their wealth in cryptocurrencies. These investors were those who had at least $1 million or more of investible assets with the exception of primary residences. Of all millennial millionaires, 83% said that they actually held crypto. Related Reading | Investors Take Refuge In Bitcoin As Inflation Rises Findings from the survey also showed that a significant portion of these investors made their wealth from investing in cryptocurrencies and these investors were planning to put more money into crypto in 2022. 48% of the polled respondents said that they planned to increase their crypto holdings in the next year, while 39% said they planned to maintain their current holdings. Crypto total market cap at $2.16 trillion | Source: Crypto Total Market Cap on TradingView.com About a third of the total polled investors admitted to having at least 75% of their entire wealth in either bitcoin, ethereum, or other cryptocurrencies. These investors remain unfazed by the market downtrend. Instead of turning to avenues Baby Boomers would use for investments, cryptocurrencies are the go-to for millennial millionaire investors. This shift towards crypto is even more evident in the Gen Z generation who are graduating into an economy where crypto investments are the first point of contact as a new investor. Not Scared Of Volatility One of the discouraging factors for most when it comes to crypto investments has been the volatility that is associated with these digital assets. Major price swings either up or down have largely characterized the space since its inception but millennial and Gen Z investors do not seem to mind the fluctuating prices. George Walper, president of Spectrum Group, which carried out the survey in conjunction with CNBC, noted that crypto investments by the younger generation have demonstrated “a big difference between different generations of wealth.” In the survey, only 6% of millennial millionaires polled had said they were planning to reduce their crypto holdings. Related Reading | New Robinhood Feature Allows Users To Gift Crypto To Family And Friends In contrast to this, only 4% of baby boomers are said to hold cryptocurrencies with more than 75% of Gen X investors not owning any crypto at all. The difference here is stark and will affect the way wealth managers cater to their clients going forward, the report noted. As for the volatility, millennial millionaires do not mind it at all given the returns that they have gotten from. “They seem to be comfortable with the volatility,” Walper stated. Featured image from Travel.Earth, chart from TradingView.com

Blog: https://medium.com/geekculture/how-to-do-your-own-research-fa659d4b7143 I recently wrote this blog to help beginners to intermediate level crypto investors. What other good data sources am I missing? submitted by /u/AlexandreL1984 [link] [comments]

2021 is coming to a close and the Ethereum network still has a fee problem. Here’s how competitor networks attempted to capitalize on Ethereum’s unresolved issues.

Seoul looks to join the metaverse starting in 2023, Meta challenges a women’s right to control the Instagram handle “metaverse,” and Francis Haugen issues a warning about the potential risks of the virtual world.