London, Global Crypto Hub, Is Crypto Dead?, Amazing Tamadoge – Crypto Watch

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with mobile at the center of Art in Gaming. S3722

The crypto generation

40% of American millennials surveyed have invested in cryptocurrencies, which is a larger share than those who own mutual funds, according to an Alto poll.According to a study by investment firm Alto, 40% of US millennials (those aged 26-41) own cryptocurrencies. According to the survey, almost the same proportion of people own individual stocks. 70% of Hodlers have included digital assets in their Individual Retirement Accounts (IRAs). The vast majority of Americans in this age group who do not own cryptocurrencies plan to enter the ecosystem in the near future . It should be noted that real estate remains the most attractive investment option for American millennials, as 77% said they would allocate funds to properties. 67% said they would get into innovation funds, while 55% described angel investing as a great alternative.

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Implication of crypto in the climate & energy in the USA

the White House released a report on crypto mining which called on the industry to take action to reduce its impact on the environment and suggested that possible executive action or legislation is needed. Government institutions such as the Environmental Protection Agency should provide technical assistance and initiate a process of working with states, communities, the crypto-asset industry and others to develop environmental performance standards effective and evidence-based for the responsible design, development and use of environmentally friendly crypto-asset technologies.

Using Crypto to Help Solve the Energy Crisis

Energy startup Tesseract has raised a $78 million funding round led by Balderton and Lakestar. The company is exploring how it can use tokens to offset customers’ energy bills. It plans to purchase and build renewable energy sources for resale directly to the customer. Tesseract, a startup co-founded by former Revolut chief revenue officer Alan Chang, plans to use crypto to help solve the UK’s energy crisis. This financing model also means that energy users can pay energy producers directly, rather than going through one of the huge brokers at the heart of the current setup.

Behind every successful protocol is a strong stablecoin

Curve’s own stablecoin crvUSD is fast approaching as its interface code on Github was released this week and confirmed by founder Michael Egorov two weeks ago. Details of the design of crvUSD are not yet known, but it is likely an oversized, crypto stablecoin. Another example, in July. Aave announced its own stablecoin GHO, which passed unanimously in a governance vote in August.

Binance announced on Monday that by the end of September, it will automatically convert three stablecoins USDC, USDP (Pax Dollar) and TUSD (TrueUSD) on its exchange to its own native stablecoin BUSD, for the sake of improving liquidity and capital efficiency for users.

the crypto downturn will continue

As the crypto market prepares for Ethereum Merge, KPMG analysts have predicted that even though investments in cryptocurrencies and blockchain technologies continue to decline, they do not yet see a bottom and expect that the slowdown continues. KPMG analysts have noted that the current macro environment means that crypto is more traded as a risky asset, with a close correlation to broader markets.

Meanwhile, UK Treasury Economics Secretary Richard Fuller said the country wants to “become the country of choice for those looking to create, innovate and build in the crypto space.” According to Fuller, the government wants the UK to be the “dominant global hub for crypto technologies”.

FED announcement and crypto markets

As you may already know, the FED will announce its plan to fight inflation later today. Rising consumer prices and skyrocketing energy bills have already driven inflation to nearly 10% on average, and if nothing is done, prices will continue to rise indefinitely. Interest rate hikes from the FED are likely to increase after today’s announcement, driving even more investors away from digital assets. The Fed faces one of the greatest challenges in modern history. The current global situation has turned into a perfect storm for most markets, pushing consumer inflation to new all-time highs. As a result, the Federal Reserve has raised rates three times this year for a total of 0.75 points. The trend will likely continue today as we expect rates to rise another 0.25 points. The Fed’s goal is to bring inflation down to 2%, which requires raising rates at least four times a year, and the trend is expected to continue into 2023.

If stock markets dip, crypto markets will likely follow. If the FED signals further rate hikes throughout 2023, things will not go well for crypto markets. Many altcoins will lose liquidity and may experience a fate similar to LUNA coins.

tamadoge

The good news is that some blockchain projects are resisting the current situation. For example, the latest meme coin, Tamadoge, is already bringing in big gains, even though there are still months until the official release. Once it goes live, the platform is expected to become the top performer in the crypto ecosystem this year. The number of new investors keeps growing every day, and Tamadoge has quickly become the most promising cryptocurrency in the markets. It’s also the first project in the niche set in a metaverse and built around features like Play-to-Earn mechanics, a native NFT store, and more.

tamadoge has 2 billion pre-mined tokens. 50% is available for presale, 45% is locked for liquidity, while the remaining 5% will be burned. TAMA tokens are used for all transactions within the Tamaverse. 5% of all tokens used in a month will also be burned, while 65% will be returned to token holders through a reward system. Decreasing supply and increasing demand will likely cause prices to steadily increase, which will set TAMA tokens apart from most others in the market.

Is Crypto Dead?

This year’s crypto market crash was the worst in the asset class’ short history. What is certain, however, is that a fundamental shift will occur in the crypto market in the coming years. The past two years have been great for mainstream crypto exposure. At this point, everyone has at least heard of Bitcoin. When Satoshi Nakamoto introduced Bitcoin to the world in 2008, the pseudonymous programmer probably didn’t dream up anything like we saw during the peak of the crypto bull market. At its core, BTC was designed as a mode of transaction for the unbanked. Bitcoin is an alternative to fiat, allowing users to operate outside the control of central banks.

Is Crypto Dead Following This Recent Crash? No, not from an innovation perspective. The trap that investors fall into when switching from stocks to crypto is believing that crypto developers care about coin prices the same way traditional companies care about shareholders and share prices. This is not the case. In fact, it is quite common for drafts to prohibit talking about price speculation on official channels. There is a lot of innovation, the playing field is being built! Ethereum is about to make its biggest update and Cardano will soon follow with its own hard fork. Ripple (XRP-USD) is also working closely with banks on implementing a new global banking reporting standard.

Is Crypto Dead? comes down to a simple framing. Are you an investor looking to get a 10x investment in a speculative token with no practical use case? Do you buy an art NFT and bet on a celebrity to take theirs from the same collection? If so, the answer to the question “death” is probably yes. Especially since almost every country now regulates crypto, especially the United States. The U.S. Securities & Exchange Commission is cracking down heavily on the plans, especially in the wake of the crash.

Crypto investing is not completely dead. But it is certainly much less favorable to those who are only interested in speculative investing and the potential for massive gains.

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London, Global Crypto Hub, Is Crypto Dead?, Amazing Tamadoge – Crypto Watch


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