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10% Of Americans Plan To Give Crypto On Christmas As Gift With Bitcoin #1 Choice For Holiday Gifting

Mark Brennan
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10% Of Americans Plan To Give Crypto On Christmas As Gift With Bitcoin #1 Choice For Holiday Gifting

Almost every tenth citizen of the United States is ready to give cryptocurrencies as a gift for the New Year, and every fourth is ready to buy them in 2022.



The survey was conducted by BlockFi.

 

The survey involved 1300 US residents aged 18 to 65. Among respondents aged 9-25 (generation Z), the percentage of digital assets popularity was twice as high as other age groups. The respondents gave preference to Bitcoin, Dogecoin, and Ethereum. Only 2% expressed interest in giving NFTs as Christmas gifts, 15% plan to purchase BTC, ETH, and Doge in 2022.

 

Summary of results is:

  • 1 in 10 Americans wants crypto for 2021 Chrismast Holidays.
  • 1 in 04 Americans actually knows how to give crypto as a present.
  • Generation Z is more likely than other generations to have given crypto as a gift already.
  • Bitcoin is the #1 crypto choice for holiday gifting.
  • Men are 3x more likely than women to want crypto over gift cards as a present.
  • 1 in 3 Americans is more interested in talking about crypto, instead of politics or their love lives at the holiday dinner table.
  • 1 in 4 Americans says they are likely to buy crypto in 2022.
  • 15% of Americans plan to buy NFTs in 2022

Recall, according to a report by Grayscale Investments, 26% of US investors have already invested in bitcoin, while more than half have become BTC owners over the past year. According to a Pew Research Center survey, since 2015, the number of American adults familiar with the first cryptocurrency has increased from 48% to 86%.

Floki Inu Partners With Nowpayments And Wintermute, Millions Of Online Stores Can Now Accept FLOKI As Payment Option

Zabi
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Floki Inu Partners With Nowpayments And Wintermute, Millions Of Online Stores Can Now Accept FLOKI As Payment Option

Floki Inu (FLOKI) declared that it has formed a strategic partnership with leading market maker Wintermute, in order to make FLOKI more liquid and accessible to institutional investors and retail traders on centralized exchanges and retail trading apps.



The official announcement is made by the Floki Inu (FLOKI) via tweet:

The Floki Inu (FLOKI) team noted that FLOKI would leverage Wintermute’s superior technology to ensure that the FLOKI token is liquid on major exchanges they are partnered with.

The team further explained:

“Wintermute will also help facilitate listings for FLOKI on top CEXs while making sure FLOKI is highly liquid on these exchanges.”

In addition, FLOKI tokens can easily be purchased in large amounts by Institutional investors, OTC desks, aggregators, and qualified investors with the help of Wintermute.

Wintermute is a leading crypto market maker with a cumulative crypto trading volume of $1.4+ trillion and is directly responsible for $8 billion+ in daily crypto volume.

Wintermute is officially partnered with 50+ of the world’s biggest exchanges and trading platforms as a major liquidity provider.

These exchanges include Coinbase, Binance, Huobi, Kraken, FTX, and Bitfinex as well as several major retail trading apps.

 

Floki Partnership With NOWPayments

FLOKI utility just got turbocharged, Millions of online stores can now accept FLOKI as a payment option through WooCommerce thanks to NOWPayments! This integration is HUGE and makes FLOKI a truly mainstream cryptocurrency.

NOWPayments is the service that allows everyone to accept crypto payments on their websites, online stores, and social media accounts. It’s a non-custodial service, meaning it doesn’t hold or store users’ funds in any way. NOWPayments supports more than 50 cryptocurrencies, and it offers low transaction fees.

Shiba Inu (SHIB) Earned Another Achievement And Is Now Officially Listed on Travala.com As Payment Method Beating Floki In Voting

Zabi
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Shiba Inu (SHIB) Earned Another Achievement And Is Now Officially Listed on Travala.com As Payment Method Beating Floki In Voting

Travala, a pioneer when it comes to providing tourist activities for crypto enthusiasts, hosted a token battle between Shiba Inu (SHIB) and Floki Inu (FLOKI) on December 3. The company said that the winner of the battle will be listed on Travala.com officially.



The token battle was announced officially by the company via tweet.

 

Voting started at 12pm (UTC) on December 3.

Today, the results were announced by the company via tweet and Shiba Inu Token (SHIB) becomes the Champion. As a result, Shiba Inu Token (SHIB) is now listed as a payment method on Travala.com to book over 3M travel products worldwide.

Travala posted a Congratulation message on its official Twitter handle:

Shytoshi Kusama also cheers the news by retweeting the official announcement made by travala.

 

According to the official website, Travala now accepts 45 cryptocurrencies, including Bitcoin, Ethereum, Crypto.com, Binance Coin, Tether, Cardano, Polkadot, USD Coin, Ripple, Dogecoin, Shiba Inu, Decentraland, Kishu, and others.

Founded in 2017, Travala.com has grown from a small start-up to the world’s leading blockchain-based travel booking platform trusted by thousands of customers worldwide as their preferred online travel agency.

The Travala.com value proposition is supported by AVA. As the native cryptocurrency of the platform, AVA can be used for payments, receiving and redeeming loyalty rewards, refunds, and as a store of value, among several other use cases.

Travala.com’s vision is to align travel booking with the ethos of decentralized technology. That being, promote accessibility to anyone, anywhere, offer censorship-resistant and peer-to-peer transactions, and build open-source technology controlled by software and governed by users.

Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

Mark Brennan
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Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

Gemini cryptocurrency exchange has entered into a partnership with the largest bank in Colombia, Bancolombia, under which the bank’s clients will have access to digital asset trading.


 

The exchange said in a statement that Bancolombia clients will have access to cryptocurrency trading as early as December 14th. At the start, the range of digital assets will be quite limited, the bank’s clients will be able to trade BTC, ETH, LTC, and BCH. It is not yet known whether the withdrawal of purchased cryptocurrencies to other wallets will be available or not.

The exchange said in a statement:

“At Gemini, we are excited about opportunities for growth in Latin America, one of the most promising international markets for crypto adoption.”

The partnership between the bank and the Gemini exchange was made possible through a one-year pilot program run by Superintendencia Financiera de Colombia (SFC). The country’s financial regulator has selected nine cryptocurrency firms that will be able to operate in the Colombian market.

In Latin America, Gemini is present in the markets of Argentina, Brazil, Chile, El Salvador, Panama, Peru, and Uruguay. Earlier, the CEO of Uphold, JP Thieriot, said that it was the countries of Latin America that would become the leaders in the adoption of bitcoin due to the large number of people who do not have access to banking services.

UK FCA May Exclude Crypto Investors From Financial Services Compensation Scheme (FSCS)

Mark Brennan
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UK FCA May Exclude Crypto Investors From Financial Services Compensation Scheme (FSCS)

Cryptocurrency investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the UK. A proposal from the Financial conduct authority (FCA) is submitted for public consultation.



The Financial Services Compensation Scheme (the FSCS) is the UK’s statutory compensation scheme for financial services. It steps in to protect consumers when certain authorized financial services firms are unable, or likely to be unable, to meet civil claims against them. Bringing a claim to the FSCS is free to consumers, and it plays a critical role in both protecting consumers and ensuring confidence in financial services markets.

The document says (Read Document In Detail Below):

“The FSCS can focus on core products that are more likely to meet the needs of ordinary investors. Non-core instruments such as crypto assets, unlisted securities, or unregulated collective investment schemes, under certain circumstances, can be excluded from the protection of the FSCS.” 

The scheme is funded by participating companies, so FCA is committed to keeping costs down. According to the document, over the past ten years, aggregate fees have tripled – from $312 million to $951 million per year. The regulator also questions the right of wealthy or seasoned investors to seek compensation.

FCA intends to collect public opinion by March 4, 2022. FCA stressed that following the consultations, some proposals may be rejected.

FCA has repeatedly warned about the risks of investing in cryptocurrencies. In September, chief executive Nikhil Rati said that crypto investors “must be prepared to lose all their money.” The UK Financial Conduct Authority also launched the InvestSmart program to educate inexperienced UK investors about the risks of investing in cryptocurrencies. In September, the FCA warned of increased regulation for the crypto industry.

Read FCA document:

 

 

India Looking To Classify Crypto As Financial Assets, All Crypto Holders Must Declare Their Holdings Or Face Fines

Mark Brennan
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India Looking To Classify Crypto As Financial Assets, All Crypto Holders Must Declare Their Holdings Or Face Fines

India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter told Bloomberg, as authorities look to classify crypto as financial assets.



According to Bloomberg, the new bill will give crypto holders a deadline to declare their digital assets holdings and meet any new rules. The bill is likely to use the term ‘crypto assets rather than ‘cryptocurrencies,’ and won’t refer to the central bank’s plan to create its own digital currency.

Violators can face a fine of up to 200 million rupees ($ 2.6 million) or imprisonment for up to one and a half years.

Bloomberg also claims that the authorities are considering setting a minimum threshold for investment in digital assets to protect small investors.

Earlier, the media reported that citizens of India would be obliged to disclose information about their cryptocurrencies and transfer them to Bitcoin exchanges regulated by SEBI. Non-custodial wallets may be prohibited.

Then the information about the ban of ” private cryptocurrencies”, came which provoked a short-term panic on local Indian crypto platforms.

In November, the Reserve Bank of India announced “serious concerns” regarding cryptocurrencies.

Jack Dorsey’s Spiral (Formerly Square Crypto) Unveils Bitcoin Lightning Development Kit

Jakkk
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Jack Dorsey’s Spiral (Formerly Square Crypto) Unveils Bitcoin Lightning Development Kit

Bitcoin-focused project Spiral (formerly Square Crypto) presented a set of tools for developing cryptocurrency wallets and other technical solutions based on the Bitcoin Lightning Network (LN).



Conor Okus, CEO of Spiral explained in the video (watch the video below):

“The Lightning Development Kit (LDK) is a way to easily integrate instant bitcoin payments into any application.” 

 

 

According to the project team, work in LDK has been going on for the last two years. The project is a flexible Lightning implementation geared towards developers who want to integrate Bitcoin’s Lightning Network into their applications frictionlessly.

In the beginning, many difficulties were faced by the developers in their attempts to add LN. Steve Lee, lead at Spiral, said in the video:

“When our team formed, we went out and interviewed dozens of wallet projects and developers, What we learned is that they were having a lot of problems adding Lightning Network capabilities.”

LDK has been designed to allow developers to seamlessly plug their applications into the network on mobile devices and Point of Sale terminals. LDK supports native APIs using Rust, C, Swift, Java, and Kotlin coding languages. This lets developers customize their wallet app for their users in the language of their choice while also removing the necessity for separate Bitcoin and LN wallets.

In July, the BlueWallet creators introduced a mobile version based on the LDK.

 

Recall that in October, Voltage startup launched a beta version of the Flow service, It facilitates the process of creating Lightning Network channels. Earlier, Arcane Research analysts predicted that the number of Lightning Network users will exceed 700 million by 2030. Prior to that, the director of Blockstream, Samson Moe, said that the theoretical throughput of the LN network is 40 million transactions per second.

On December 2, ex Twitter CEO Jack Dorsey changed his payment firm ‘Square’ name to “Block” and ‘Square Crypto’ became ‘Spiral’.

 

Watch Video (Spiral Presents The Lightning Development Kit):

 

Polygon (MATIC) Nearing New All-Time High As Ethereum Whales And Venture Capitalists Are Shifting To Matic

Zabi
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0
Polygon (MATIC) Nearing New All-Time High As Ethereum Whales And Venture Capitalists Are Shifting To Matic

On Friday, Polygon (MATIC) rose sharply as much as 14.9% while many of the high-profile cryptocurrencies were trading in the red.


At the time of writing, Polygon (MATIC), a Layer 2 scaling solution backed by Binance and Coinbase, is trading 36% higher at the price of $2.44, with the trading volume of $5059,227,085 USD, in the last 24 hours. The current market cap of the coin stands at $14,911,854,099 USD, which makes the currency the 14th biggest in the world in terms of market cap.

matic price chart
Image Source: Coinmarketcap.com

Numerous whales are taking interest in Matic and are busy adding more of Polygon to their portfolio.

Recently, an Ethereum (ETH) whale “Saitama” bought 1,499,995 of MATIC valued at $2,924,990 USD. This whale is ranked #209 on WhaleStats.

The transaction can be seen at:

https://www.whalestats.com/transaction/ethereum/0x970af54ee5baad51575122a4c9f90f706794e5d2618af09bb93316b59dd98968

The other Ethereum whale “Light” bought 4,880,000 of MATIC valued at $8,735,200 USD. This whale is ranked #3 on WhaleStats.

The transaction can be seen at:

https://www.whalestats.com/transaction/ethereum/0x44a1c0dcb39ee64caaf0299341b0d8362f8667ddc1ffb1088015fedb4092429c

According to WhaleStats data, Light is now holding a total of 39,323,883.24 Matic Network tokens valued at $82,973,394.

Venture capital (VC) investors:

A group of venture capital (VC) investors are in discussions to back Polygon with an investment of between $50 million and $150 million, according to a report from TechCrunch.

“A number of investors including Sequoia Capital India and Steadview Capital are in talks to back Polygon, with an investment of between $50 million and $150 million.”

Polygon is a scaling platform that was developed to help reduce bottlenecks on the Ethereum network, which has long suffered from congestion and high fees. Polygon improves these aspects by speeding up transactions and making them more efficient.

This combination of high speed and low transaction costs has attracted a growing number of developers to the platform. As a result, more than 3,000 apps now reside on Polygon, according to data supplied by blockchain development platform Alchemy.

Another Person Helped, Another Fortune Served As Shiba Inu Made An Iranian To Buy Mobile Repairs Store And Earn His Livings

Zabi
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0
Another Person Helped, Another Fortune Served As Shiba Inu Made An Iranian To Buy Mobile Repairs Store And Earn His Livings

Shiba Inu (SHIB) launched in August 2020 has gained massive popularity as this coin has produced many millionaires or even billionaires overnight.



There are plenty of stories about Shib changing many fortunes, This is just another story of a successful and thankful SHIB holder.

“A Shiba Inu mobile repairs store has been spotted in Iran. Sources say the owner purchased this shop with the profits he made from SHIB.”

 

Shiba Inu (SHIB) has made these types of headlines before. Shiba Inu (SHIB) no doubt remains successful in gaining investors’ attention around the globe. The hype is consistent and it helped SHIB to reach the milestone of more than 1 million holders a few days ago according to Etherscan.

The first story which came into the media limelight was about the two brothers James and Tommy in Westchester, New York, who became millionaires overnight. Both have one crypto expert friend who advised them to invest in Shiba Inu, as he believed it could be a big moneymaker. At that time, the coin’s price was almost nothing.

They both initially invested $200 into Shiba Inu Coin (SHIB). Once they have invested, they offered this idea to their mom, dad, sister, and a few other family members. The family agreed and invested nearly $8,000 in total. Less than two months after their initial investment in late February, their lives changed.

Before this investment, both brothers’ primary income source was filming weddings and their business was about to shut down because of the Covid-19 outbreak. The family’s initial stake of $7,900 was worth nearly $9 million on May 13, 2021.

 

In another story, a 35-year-old former supermarket warehouse manager, Rob from North England was able to earn life-changing money from Shiba Inu cryptocurrency. He invested £6,000 as an initial investment.

At the time of launch in August 2020, a single SHIB token was priced at $0.000000000073. As of now, Shiba Inu (SHIB) is priced at $0.00003553. It might be tough to run the math with so many zeroes in the way, but this works out to a 55,356,064% gain in less than 11 months.

Other Than Staking, Lending And Borrowing Features, Floki Inu Is Launching Its Own Metaverse

Mark Brennan
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Other Than Staking, Lending And Borrowing Features, Floki Inu Is Launching Its Own Metaverse

Floki Inu development team said Floki plans to launch its own metaverse in February next year as the project moves forward with an international marketing campaign.



Floki spokesperson told Business Insider:

“Several of our utility products will launch this month, with the first version of our flagship gaming metaverse, PlayToEarn NFT, due out in February 2022,”

 

Some other serious utilities coming for the Floki token are:

  • Floki’s team announced some of the utilities that will be happening soon due to Chainlink integration include Staking, Lending, and Borrowing. This integration will also play a key role in helping FLOKI‘s P2E NFT game function efficiently.
  • Chainlink integration will facilitate Floki users to utilize FLOKI tokens as collateral and borrow loans. Instead of selling FLOKI tokens, users will be able to use them as collateral in a DeFi protocol which the Floki team will integrate with and take a loan in USDT, ETH, BTC, or some other cryptocurrency.
  • Users will also be able to stake FLOKI tokens or lend them out and earn interest on it depending on the individual arrangement of the DeFi protocol the team will integrate with or the provisions of the protocol the Floki team builds themselves.

The Floki Inu project aims to reach a wide audience through its ongoing marketing campaign. It has already reached 15 countries such as the UK, Dubai, and India through displays at airports and on public transport.

Floki spokesperson further said:

“The marketing we do positions these utility products to be massively used and adopted when they launch … due to the brand awareness we’re creating for floki right now.” 

Metaverse is becoming a hot deal, Crypto giant Grayscale believes the metaverse could be a trillion-dollar opportunity. Facebook has also changed its name to ‘Meta’ which shows what the future holds for the metaverse.

Five coins associated with Metaverse are up a staggering 37,000% this year, Axie Infinity, Decentraland, The Sandbox, Enjin Coin and GALA according to Coinmarketcap.

Read: Top 15 Metaverse Tokens To Have On Your Watchlist

The end of November was marked by three major land sales in the metaverse. The first was sold for 618,000 MANA, equivalent to $2.7 million. The second took place at Axie Infinity for 550 ETH worth $2.5 million. The third land in Metaverse was sold for $4.2M, breaking all previous records.

 

 

 

 

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