A new survey has shown that one in four millennials are investing their hard earned money in Bitcoin. The leading digital currency has attracted so many people and made them consider Bitcoin over traditional bank accounts.
The survey was conducted by Blockchain Capital and shows that 70% of the 10,000 millennials claimed that they are not satisfied with the interest rates that traditional banks are offering. Even 65% of them considered their money to be safer in Bitcoin because they can personally control it.
However, instead of choosing Bitcoins over banks, millennials would rather see these services integrated into one thing. According to the survey, slightly less than 50% of them said that they are looking for a more convenient form of banking and 45% said that they would like their banks to integrate the Bitcoin wallets – allowing them to directly invest in cryptocurrencies through their existing bank accounts.
The survey also estimated that the majority of today’s millennials will invest around two thirds of their life savings into virtual currencies. It is the younger generation of millennials that are quicker to embrace the new technologies than the older people. As the website founder Andrew Sung said:
“The younger generation has been notoriously quicker to act on new technologies, including the latest smartphones, which have enabled millennials to invest in Bitcoin over the last few years, before large hedge funds and financial institutions started to get involved.”
So, it is safe to say that younger generations are waiting for proper legislative that will let them embrace Bitcoin as a new form of savings and invest in it while it is blooming. We will see whether actions like these are going to happen and if the world is going to give the young generations what they need.
Dark Web Drug Dealers Indicted After Laundering $2.3 Million In BTC
“If you are engaging in illicit activity on the dark web, you are on notice: We know how to find you. We know how to put you out of business. And we know how to hold you criminally accountable.”One of the three dark web drug dealers Ronald MacCarty used a bitcoin machine as the best cryptocurrency news sites reported, and owned a sham drug ship in New Jersey. The other defendant Chester Anderson kept a collection of crypto books at his home. They managed to launch the operation in 2016 and the law enforcement got their heads in the game in 2017 after an anonymous tipster. The bust operation was coordinated with the Operation Crypto Sweep that was launched in 2018 by the US and Canadian regulators. As the latest cryptocurrency news reported, the North American Securities Administrators Association sent 70 cease-and-desist orders to operations of fraudulent crypto companies across the United States. Dark web drug dealers and other crypto criminals got a warning from the NASAA:
“Crypto-criminals need to know that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes and scams.’’
OKCoin Exchange Invests In Crypto Custody Provider Prime Trust
“We make money just as Robinhood, Northern Trust and other traditional custodians do. The costs of custody are offset by other services," Purcell explained.This is definitely something that stirred up the market from a positive viewpoint, allowing traders to speculate on the potential novelties that the partnership could bring.
Coinbase Expands Its Crypto Offering To 11 More Countries
“This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”Meanwhile, the news that Coinbase expands allow customers in the aforementioned countries to store, trade, send and receive cryptocurrencies. As the latest cryptocurrency news show, the exchange also suggested that cryptocurrencies are moving from the current "investment phase" into the "utility phase" following a number of new use cases. Recently, the company introduced a lot of new developments, one of which was featured in the altcoin news section. It was the added support for EOS (EOS), Maker (MKR) and Augur (REP) which went viral and expanded into cross-border payments. The latter development reportedly enables users to send as well as receive money instantly and convert them into local currency. As part of the news that Coinbase expands, the report concluded:
"Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto. With today’s announcement, we’re happy to take an important step in that direction."Earlier in April this year, Coinbase also launched the Coinbase Card in a partnership with Visa, enabling its United Kingdom-based customers to pay in-store and online using cryptocurrencies. As a result, the new service will allow Coinbase to instantly convert the customers' cryptocurrency funds into fiat currency in order to complete each purchase. This is definitely a lot of news coverage showing that Coinbase expands in different directions and is on a mission to offer various trading options globally.
CoinMarketCap Crypto App Is Live, Offering A Lot Of Added Features
“We believe that our users will like the new style and the features we’ve added to these apps, and we’ll continue to update the app regularly based on the feedback we receive.”The new CoinMarketCap crypto app will prompt users to sign up for an account on the app in order to save their portfolios and/or watchlists. The company also said that it plans to allow app accounts to be directly synced with the website at some point in the future. Meanwhile, the app also features a section for crypto "gainers" and "losers" as well as industry news. All of the data, as the firm unveiled, is made available through the API product which the firm uses - and was launched last August. Aside from the CoinMarketCap crypto app, the company made the cryptocurrency news section lately for launching two benchmark indices that cover the top 200 cryptocurrencies by market capitalization. One of them was with Bitcoin (BTC) in it and the other without - shared on financial data feeds from Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart, as well as on its own platform. The app is already launched for iOS (since May 2018) but is getting a revamp now, along with the Android CoinMarketCap crypto app. All of the work is developed from the blockchain analytics startup Flipside.
Join us on Facebook
- Dark Web Drug Dealers Indicted After Laundering $2.3 Million In BTC
- The Real Satoshi Nakamoto To Be Revealed By John McAfee
- Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA
- XRP Price Jumps By 3% But The Upside Actions Seems Weak
- OKCoin Exchange Invests In Crypto Custody Provider Prime Trust
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News3 days ago
PayPal Board Member Says Bitcoin (BTC) May Surge By 250x If It Succeeds
Altcoin News5 days ago
Mitsubishi UFJ Financial Group Announces Plans To Launch Cryptocurrency
Bitcoin News3 days ago
Canadian Mayor Says Bitcoin Is Much Cheaper Than Credit Cards
Blockchain News2 days ago
France’s Ministry Of Finance Labels Blockchain As “A Government Priority”
Altcoin News1 day ago
LTC Price Can’t Keep The Pace Any Longer: Crypto Analyst
Altcoin News1 day ago
Notre Dame Reconstruction Powered By Crypto Fundraising Campaign
Altcoin News4 days ago
Elon Musk Mentions Crypto Again, Labeling It As His “Safe Word”
Blockchain News3 days ago
ING Bank Is Testing A “Bulletproof” Blockchain Privacy Technology