Connect with us

Cryptocurrency

Nigel Green Hints of New Game-changing, Global Crypto Venture

Published

on

Visa CryptoSpend- Investors King

A new venture with enormous potential to shake-up the status quo in the crypto market is coming very soon amid the current Bitcoin slump, the CEO and founder of a game-changing global financial giant has confirmed.

Nigel Green of deVere Group, a long-time cryptocurrency advocate and tech enthusiast, says: “We can’t wait to share our secret project with you soon.

“We’re hugely excited as we believe it has the potential to shake-up the $2.2 trillion cryptocurrency market.

“I’ve been obsessing about how to harness the energy of this positive, global, unstoppable movement – and I think we’ve now cracked it.

“I hope those already in the crypto community, as well as those fascinated by it, will join us and will feel the energy.”

Since launching a cryptocurrency exchange more than four years ago, Nigel Green, who has decades of top-level, international financial services industry experience and expertise, has been passionate about the role that digital currencies can – and should – play in the mainstream global financial system.

Frequently describing cryptocurrencies as “the future of money,” he believes that they could empower people, promote democratisation, and serve as an important check on government overreach, as well as produce high investment returns.

The news of the forthcoming big announcement might seem “ill-timed” to some who could point out the recent drops in the prices of cryptocurrencies.

“Not a bit of it!” says Green.

Recently he noted: “Like many serious crypto investors, I’m embracing this short-term volatility for longer-term gains.

“I’m using the lower prices of Bitcoin and other major cryptocurrencies to top-up my portfolio. Why? Because like many major corporations, financial institutions, governments, prestigious universities, and household-name investing legends, I’m confident that digital currencies are the inevitable future of money.

“In our increasingly tech-driven, globalised world, it makes sense to hold digital, borderless, decentralised currencies.

“In addition, adoption and demand are increasing all the time, whilst at the same time, supply is decreasing.”

Of the new project, he concludes. “This is big. It has the power to create a better tomorrow.”

Continue Reading
Comments

Cryptocurrency

YouTube To Explore NFT Features For Video Creator

Published

on

American online video sharing and social media platform YouTube has announced plans to explore Non-Fungible Token (NFT) features to help video creators capitalize on emerging technologies.

According to YouTube Chief Executive Officer, Susan Wojcicki, the introduction of NFT is to enhance the experiences of creators and fans on the platform, she said, “we’re always focused on expanding the YouTube ecosystem to help creators capitalize on emerging technologies, including things like NFTs while continuing to strengthen and enhance the experiences creators and fans have on YouTube.”

NFT, Non-Fungible Token is a unique unit of digital assets such as art, music, videos, and pictures built on a blockchain network. They can be bought and sold on NFT Marketplace.

Aside from YouTube, other social media platform has begun exploring NFT. Twitter now allows users to post NFTs as profile pictures while Meta, the parent company of Facebook and Instagram, is reportedly working on a similar offering where users can display the tokens they own.

Susan Wojcicki in an annual letter informed content creators that the company is considering web3, internet service and mobile apps rebuilt on decentralized blockchain technology as a “source for inspiration”.

According to the CEO, YouTube is continuously exploring ways to serve its creators by adding tools like fan payments and e-commerce thereby creating more means of income generation.

In her letter, Susan Wojcicki affirmed YouTube’s priorities on gaming, shopping, music, and Shorts. The CEO wrote that Shorts has already generated 5 trillion views since its debut in late 2020. However, YouTube did not provide additional details on when and what NFT features would look like.

Continue Reading

Bitcoin

Stop Using Bitcoin as Legal Tender, IMF Tells El Salvador

Published

on

El Salvador’s Bitcoin Rollout = Investors king

The International Monetary Fund (IMF) has urged El Salvador to drop Bitcoin, the world’s most dominant cryptocurrency, as a legal tender over rising concerns about “financial stability, financial integrity, and consumer protection.”

The Executive Board of the Fund said in a report released on Tuesday after it concluded the Article IV consultation with El Salvador.

The report said “Directors agreed on the importance of boosting financial inclusion and noted that digital means of payment—such as the Chivo e-wallet—could play this role.

“However, they emphasized the need for strict regulation and oversight of the new ecosystem of Chivo and Bitcoin. They stressed that there are large risks associated with the use of Bitcoin on financial stability, financial integrity, and consumer protection, as well as the associated fiscal contingent liabilities.

“They urged the authorities to narrow the scope of the Bitcoin law by removing Bitcoin’s legal tender status. Some Directors also expressed concern over the risks associated with issuing Bitcoin-backed bonds.”

The board, however, said while the COVID-19 pandemic disrupted a decade of growth, “El Salvador is rebounding quickly.” The economy contracted by 7.9% in 2020 and is projected to grow by about 10% in 2021 and 3.2% in 2022, the board said.

“Against this backdrop, public debt vulnerabilities emerged,” the board said. “Persistent fiscal deficits and high debt service are leading to large and increasing financing needs.”

El Salvador became the first country to accept bitcoin as legal tender in 2021 despite the uncertainty surrounding the unregulated coin and the entire crypto space. The government gave $30 in free bitcoins to citizens who signed up for its national digital wallet, known as “Chivo,” or “cool” in English, to deepen its adoption.

However, with Bitcoin and other cryptocurrencies falling with the United States plans to raise interest rates in 2022, the country and citizens that invested in the digital currency could be in trouble.

Continue Reading

Dogecoin

Elon Musk Puts Pressure on McDonald’s to Accept Dogecoin

Published

on

Doge and Ethereum -Investors King

Billionaire Elon Musk, the CEO and Cofounder of Tesla, on Tuesday, took to his Twitter page to challenge Mcdonald’s, one of the world’s iconic fast-food restaurants, to accept the popular meme coin, Dogecoin as one of its numerous payment methods across its outlets globally.

The billionaire promised to eat the company’s happy meal on tv if the company accepts the meme coin as payment.

Dogecoin immediately responded to Elon Musk’s tweet with a picture of Mcdonald’s meal containing Kabosu, the dog in the doge meme logo.

This is coming a week after Tesla and Elon Musk announced that the company has started accepting Dogecoin as payment for Tesla’s merchandise. The value of the digital asset surged by 20 percent immediately the billionaire made the announcement via his Twitter handle.

The value of Dogecoin rose by 3.76 percent on Tuesday to $0.1415 a coin, still below its all-time high of $0.7.

Cryptocurrency started falling in early December when it became clear that the US Federal Reserve will raise interest rates in 2022 to curb rising inflation and rein in prices.

According to The Wall Street Journal, the “Federal Reserve officials at their meeting last month eyed a faster timetable for raising interest rates this year, potentially as soon as in March, amid greater discomfort with high inflation.

“Minutes of their Dec. 14-15 meeting, released Wednesday, showed officials believed that rising inflation and a very tight labor market could call for lifting short-term rates “sooner or at a faster pace than participants had earlier anticipated.”

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending