Your Cryptocurrency Newsletter for December 15, 2020

If you are interested in cryptocurrencies, this newsletter is for you. [img]  [Learn more about RevenueStripe...](   [Learn more about RevenueStripe...]( [img]( [FeedBinary Newsletter]( [How Cryptocurrency is Changing the World Amid COVID]( The world economy as it stands has been shaken by COVID-19, a pandemic which has become as well known as cryptocurrency. A digital currency secured by cryptography and almost impossible to the fate that comes with counterfeit, this form of financial exchange has, unlike other global businesses and financial institutions, seen a positive impact in the midst of a doom-and-gloom pandemic and worsening world economy. According to Cryptocurrency and the trading thereof the 740 cryptocurrency and NGN Fiat pairs including Bitcoin, Etherreum and BNB with Binance Spot, has fortunately experienced minimal impact because, like other smart initiatives in the virtual space, it is a digital system. With adverse effects in market industries and businesses, with employees seeking the effect that comes with job loss, investors, locals and all left with a pinch in their pocket are showing more and more interest in digital currencies. Furthermore, going cashless around the globe is another movement since COVID-19 started taking one business down at a time. With the inclusion of Nigeria, many countries around the world have been shunning hard cash in most, if not all, markets. Business transactions have too turned from credit cards to digital currency systems, with banks getting on the cryptocurrency bandwagon and gearing their transactions and payments to be done the digital way. An extract from a published article substantiates the above, “COVID-19 accelerates the use of cashless money across the world. Research made by a health organization shows that the virus is transmitted through the handling of cash. Therefore, people have been advised to shun the use of cash to avoid the spread of COVID-19. This has made those countries that encouraged the use of cash to turn into a cashless society. However, some people believe that coronavirus is not transmitted through cash handling. Despite this, they are turning towards the use of digital currency due to environmental influence.According to an online article, “Specifically, the COVID-19 outbreak has propelled Bitcoin’s (BTC) safe haven narrative as central banks print an estimated $15 trillion in stimulus in an attempt to ease the pandemic’s effects on global economies. Amid rising inflation rates, people are turning to Bitcoin as the next inflation hedge. Meanwhile, in the name of public health, governments are initiating COVID-19 tracking programmes, raising serious concerns about privacy violations and the tightening grip of centralization in the process. Not stopping there, governments have also taken another step in eroding civil autonomy via the development of central bank digital currencies, it’s in inflation; its borderless feature makes payment effortless, convenient and reduces transaction fees to a very low level; is accessible to all generations, including tech-savvy Nigerian youth; has no central authority which could breach payment; Funds in this form aid medical and legal bills; More leading brands are taking advantage of cryptocurrency which means digital users in Nigeria and the world at large have access to more local and global brands. [Read Full News]( The post [How Cryptocurrency is Changing the World Amid COVID]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Why is Bitcoin the Most Trusted Cryptocurrency?]( Money is usable on the off chance that it is a store of significant worth, or, put unexpectedly, on the off chance that it can dependably be relied on to keep up its relative incentive after some time and without devaluing. In numerous social orders from the beginning of time, wares or valuable metals were utilized as techniques for installment since they were viewed as having a moderately steady worth. Instead of expect people to heft around unwieldy amounts of cocoa beans, gold or other early types of money, in any case, social orders in the long run went to stamped cash as another option. In any case, the explanation numerous instances of stamped money were usable was because they were solid stores of significant worth, having been made out of metals with long periods of usability and little danger of deterioration. Bitcoin offers a proficient method for moving cash over the web and is constrained by a decentralized system with a straightforward arrangement of rules, in this way introducing an option in contrast to national bank-controlled fiat cash. There has been a great deal of discussion about how to value Bitcoin and we set around here to investigate what the digital currency’s cost may resemble in the occasion it accomplishes further far reaching appropriation. A cryptographic money trade or a computerized cash trade (DCE) is a business that permits clients to exchange digital currencies or advanced monetary standards for different resources, for example, ordinary fiat cash or other computerized monetary forms. A digital money trade can be a market producer that commonly takes the offer approach spreads as an exchange commission for is administration or, as a coordinating stage, just charges expenses. So, if you are aiming for a euro to bitcoin exchange or exchange USD to BTC, they are quite safe and viable as well to the parties involved.An advanced money trade can be a physical business or an online concern. As a physical business, it trades conventional installment techniques and computerized monetary standards. As an online business, it trades electronically moved cash and computerized currencies. These trades may acknowledge charge card installments, wire moves or different types of installment in return for advanced monetary forms or digital currencies. Starting at 2018, cryptographic money and advanced trade guidelines in many created wards stays muddled as controllers are as yet thinking about how to manage these kinds of organizations. The trades can send digital currency to a client’s very own cryptographic money wallet. Some can change over computerized cash adjusts into unknown prepaid cards which can be utilized to pull back assets from ATMs around the world. while other computerized monetary standards are sponsored by certifiable items, for example, gold. Clients purchase or sell advanced cash from computerized money trades, who move the computerized cash into or out of the client’s DCP account. A few trades are auxiliaries of DCP however many are lawfully free organizations.The group of assets kept in DCP records might be of genuine or imaginary cash. [Read Full News]( The post [Why is Bitcoin the Most Trusted Cryptocurrency?]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ [Ethereum Funds See Record Weekly Inflows at $160 Million]( Cyptocurrency funds and products has amassed inflows of $5.24 billion so far this year.Inflows last week into bitcoin and other crypto-based investment products were at $425 million, pushing the total inflow over the last two weeks to over $706 million, according to the latest figures from CoinShares. Cryptocurrency funds and products have amassed inflows of $5.24 billion so far this year. This pushes the sector’s assets under management to $14.5 billion despite the economic shock of the coronavirus pandemic. Institutional investors in the weak earlier pumped $429 million into, the second-highest on record.Trading turnover in digital currency products has reached the highest point since late 2017, reaching a peak of $500 million per day over the last month.This high turnover is closely correlated to the Bitcoin price testing all-time highs, implying some are using this as an opportunity to take profits despite the net inflows indicating continued bullish sentiment,” Coinshares states. Throughout 2020, New York-based Grayscale Investments, the world’s largest crypto-fund manager, saw $4.6 billion in YTD inflows, its best year ever.Bitcoin and associated investment products attracted $264 million in new investment last week. Notably, BTC remains the most popular investment vehicle. However, this figure was lower than the $334.7 million it attracted in the week prior. Ethereum Investment Shine Outsized investments were seen in Ethereum investment products, making up 37% of inflows compared to Bitcoin share of 62%.As a result, Ethereum only represents 13% of the capital locked in crypto investment products. However, a record-setting $160 million of last week’s capital flows was invested in funds offering exposure to Ethereum. This weekly inflow far surpasses the amount seen during the last prices rally in late 2017 where only a maximum of $57 million was achieved over a week. Additionally, the figure is nearly double the previous inflow of $87 million set in the week ended December 7. Coinshares already operates publicly traded crypto exchange-traded-notes (ETNs), which are regulated by the Swedish FSA. The company says they offer retail investors more ‘familiar channels’ to invest in the growing digital asset economy.The firm states it plans to expand in other jurisdictions. However, it still has a lot of work to do regarding dealing with regulators investigating digital assets. [Read Full News]( The post [Ethereum Funds See Record Weekly Inflows at 0 Million]( first appeared on [Feed Binary](. [Read Full Story]( ------------------ You Might Like     [Learn more about RevenueStripe...]( ------------------ ------------------ Connect with TheFeedBinary on Facebook and Twitter [fb](  [tw]( ------------------ You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. FeedBinary daily newsletter is managed by [Postbox Consultancy Services Pvt. Ltd.]( C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe](