5 Cryptocurrency To Buy For Price Boom

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October 8, 2021

Georgia to Test Digital Currency in Retail Business Next Year

The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales.

Georgia to Introduce Digital Lari in 2022

The National Bank of Georgia (NBG) intends to pilot its own digital currency in a program scheduled for next year, Vice President Papuna Lezhava revealed this week. Speaking to reporters on Tuesday, the high-ranking official remarked that 85% of the world’s central banks are already working on state-issued digital currencies. Quoted by the Interfax news agency, Lezhava stated:

Some are in the research phase, some are testing, some have already implemented it, including China and the Bahamas. We also want to be at the forefront of this trend.

The banker further elaborated that a central bank digital currency (CBDC) is not cryptocurrency but rather “an evolution of cash.” Nevertheless, the digital Georgian lari is going to be based on the same technology that underpins decentralized digital money, blockchain. The lari coin, however, will neither be mined nor be a subject of market speculation, Lezhava noted.

The NBG will be the only issuer of Georgia’s sovereign digital currency, the bank’s representative emphasized. Despite its differences from cryptocurrencies, the digital lari will be able to compete with them in facilitating various services. At the initial stages of its introduction, the government in Tbilisi plans to use it in retail sales, for example.

Georgian Digital Currency to Be Faster, Cheaper Than Traditional Payment Methods

Officials behind the CBDC project believe that the new currency will help to improve the efficiency of the country’s payment system and promote financial inclusion in Georgia. Financial authorities hope it will become a faster and cheaper means of payment than traditional ones.

The digital lari will also work around the clock and its transactions will not require an internet connection, Papuna Lezhava added. He also highlighted “its main advantage” — the Georgian digital coin will be open to and compatible with other technologies, unlike paper cash and current payment systems.

In May this year, the National Bank of Georgia called on fintech companies, financial institutions, and technology firms to support its efforts to create a national digital currency. Interested parties were invited to join a public-private partnership tasked to facilitate the adoption of the digital lari in the country’s economy.

The U.S. Federal Reserve, the European Central Bank, and Bank of Russia are among dozens of monetary authorities around the world working to develop and issue CBDCs. The People’s Bank of China has arguably the most advanced project, with numerous trials of the digital yuan already underway across the country.

Bitcoin Turns Intresting On Dips Above $50K

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October 6, 2021

Roughly 11,000 entities are responsible for more than half of Bitcoin’s on-chain volume.

Bitcoin price gained pace and cleared the $50,000 resistance against the US Dollar. BTC could correct lower, but dips might remain limited below $50,000.

Bitcoin climbed higher above the $49,500 and $50,000 resistance levels.
The price is now trading above $50,000 and the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $49,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could correct lower, but it might find support near $50,000 or $49,500.

Bitcoin Price Gains Momentum

Bitcoin price remained in an uptrend and extended its increase above the $49,500 resistance zone. BTC even broke the $50,000 resistance level and settled above the 100 hourly simple moving average.

The bulls remained in action and they were able to push the price above the $51,000 level. It traded close to $52,000 and a high is formed near $51,888. The price is now consolidating gains above the $51,000 level.

An immediate support on the downside is near the $50,800 level. It is close to the 23.6% Fib retracement level of the recent increase from the $46,895 swing low to $51,888 high. There is also a key bullish trend line forming with support near $49,500 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

On the upside, an initial resistance is near the $51,500 level. The first major resistance is near the $52,000 level, above which the price could start a fresh increase. The next major resistance for the bulls may possibly be near the $53,200 level. Any more gains could set the pace for a move towards the $55,000 level.

Dips Supported In BTC?

If bitcoin fails to clear the $52,000 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $50,800 level.

The first major support is now forming near the $50,000 level and the trend line. It is near the 50% Fib retracement level of the recent increase from the $46,895 swing low to $51,888 high. If there is a break below the trend line support, the price might decline towards the $49,000 level and the 100 hourly SMA.

Technical indicators:

Hourly MACD – The MACD is slowly losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 50 level.

Major Support Levels – $50,800, followed by $50,000.

Major Resistance Levels – $51,500, $52,000 and $53,200.

Picture Is From Pixabay.

5 Next Cryptocurrency To Explode October 2021 Week 2

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October 6, 2021

The cryptocurrency market has retraced its steps a little after a jump yesterday. Its total value now stands at $2.24 trillion, having reached almost $2.3 trillion earlier this morning. This means most major coins have shaved anything from 1% to 10% off their prices in the last 24 hours. However, with the market still up compared to a week ago, there remains good potential for another surge in the next few days. Accordingly, we’ve created a list of the 5 next cryptocurrency to explode. This covers coins with good short- and long-term potential.

5 Next Cryptocurrency To Explode

1. Bitcoin (BTC)

BTC led yesterday’s spike, and it’s likely to lead tomorrow’s. At $50,700, it’s up by half a percent today, having climbed as high as $52,000 within the past 24 hours. Its current level represents a 24% jump over the past week, as well as a 25% in the last fortnight. It is, however, around 21% down from its all-time high of $64,804, set back in April.

Bitcoin (BTC) price chart - 5 next cryptocurrency to explode.

BTC’s 30-day moving average (red) has clearly broken away from its 200-day average (blue), indicating that it has reached a new level. And while it did verge into overbought territory yesterday, its relative strength index (purple) has relaxed to a more moderate level.

There are plenty of reasons to believe that bitcoin could be on the cusp of surging. On a technical level, the stock-to-flow model indicates an end-of-year price of around $100,000. This would mean that the coin is on the brink of a strong bull rally.

On-chain analyses finished tonight: IMO we are midway, no sign of weakness (red) yet. Note color overlay is not months to halving but an on-chain signal. My guess: this 2nd leg of the bull market will have at least 6 more months to go. pic.twitter.com/HAEMYfQ1pT
— PlanB (@100trillionUSD) October 2, 2021

More fundamentally, bitcoin continues to witness a steady growth in adoption. Not only do we have other nations lining up to follow El Salvador’s example, but banks continue to rollout BTC-related services.

What’s most interesting about this is that, as more people and institutions enter bitcoin, the cryptocurrency’s circulating supply continues to shrink. In other words, expect a supply squeeze soon. This is why we’ve listed BTC as one of our 5 next cryptocurrency to explode.

#Bitcoin supply on exchanges has been falling for 22 months – since March 2020. pic.twitter.com/yl55IfjaxR
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) October 6, 2021

2. Ethereum (ETH)

ETH has dropped by 2.5% in the past 24 hours, to $3,391. This is 21% increase in the past week, as well as a 23% jump in the past fortnight.

Despite ETH’s 30-day average crossing its 200-day, today’s downwards price movement means that the coin is verging towards underbought territory. Basically, now is a good time to buy it.

On a fundamental level, last week’s Visa news was especially bullish for ETH. Because while the payments giant is developing a network for multiple stablecoins and digital assets, it has conducted initial tests for this channel on Ethereum. And if it continues with the platform, this would result in much greater Ethereum adoption and use over time. By extension, we’d see a bigger ETH price.

Visa just announced that they are building an Ethereum-based layer 2 payment channel network.
— sassal.eth 🦇🔊 (@sassal0x) September 30, 2021

Investors have also become more bullish about ETH ever since its London hard fork of August 5. Since then, Ethereum has been burning a portion of transaction fees, and has burned just over 340,000 ETH to date.

9.17k $ETH were burned yesterday 👀

Since the deployment of EIP-1559, a total of 342.9k ETH has been burned.

Check out the new #Ethereum supply metricshttps://t.co/Kk7UslZUPc pic.twitter.com/ySoIfpb8bu
— IntoTheBlock (@intotheblock) September 22, 2021

Because of this, ETH’s daily issuance has already dropped below bitcoin’s. And the more popular the DeFi and NFT sectors become, the more deflationary it will become. This is why it’s one of our 5 next cryptocurrency to explode.

Update: First full day of $ETH being deflationary 👀

More ETH was burned in the past 24 hours than issued pic.twitter.com/mhY7NA69kd
— Lucas Outumuro (@LucasOutumuro) September 4, 2021

3. Axie Infinity (AXS)
AXS has climbed down by 18% since setting a new ATH of $155.88 two days ago. At $125, its current price makes for a 10% drop in the last 24 hours. On the other hand, this is an 82% rise in the past week, as well as a 150% increase in the last fortnight.

Put simply, AXS remains in a bull cycle, even with yesterday’s correction. This is given away by the fact that its 30-day average remains far beyond its 200-day. But what’s good for would-be investors looking to enter its market is that its RSI has dropped below 50, indicating space for new entrants.
And importantly for new entrants, Axie Infinity’s fundamentals suggest continued growth. For instance, the NFT-based game recently passed $2 billion in total transaction volume to date, as well as $10 million daily volume. Its token went public only as recently as November 2020.

#SalamatAxie
✅ $2B Tx Volume
✅ $10M + Dollars 24H Vol.
✅ Axie Esports
✅ Ronin DEX
✅ AXS Staking
✅ Soulbound Axies (Free-to-Play)
✅ Land Game Play
✅ Software Dev Kit (SDK)
✅ Proven Team
✅ The Most Amazing Community pic.twitter.com/76OG6g3EZT
— Kookoo✨ (@kookoocryptotv) September 29, 2021

Axie Infinity also boasts 2 million daily active users, having stood at only 61,125 as recently as the end of May. This equals over 3,000% growth in under five months, as well as 7.8% growth in the past week alone. So even if its token is correcting downwards for now, we suspect it will surge again in the not-too distant future.

4. Avalanche (AVAX)

As with AXS, AVAX is down in the past 24 hours. Nonetheless, its current level of $60.47 is a 2% increase in the past hour, as well as a 4.4% rise in the last fortnight. It’s also 26% up in the past month.

While AVAX is down in the past week, its continued strong fundamentals suggest that this only gives it the opportunity for a bigger rebound. Indeed, AVAX’s RSI indicates that the coin has officially entered ‘underbought’ territory, suggesting that now is the time to get it cheap.

There’s little doubt that the token’s native platform, Avalanche, is likely to grow strongly in the near future. Last month it announced a $230 million investment led by Polychain and Three Arrows Capital, suggesting significant belief in the blockchain.

📢 BIG News 📢@Polychaincap and Three Arrows Capital led a $230M investment in the #Avalanche ecosystem to support growth of the platform.https://t.co/T141NFEoIG
— Avalanche 🔺 (@avalancheavax) September 16, 2021

It’s worth pointing out that Avalanche’s total value locked in has now reached $4.55 billion. As the tweet below shows, its TVL was $2.6 billion as recently as mid-September.

1/ Couple of quick stats on the Avax ecosystem:

– TVL has just peaked ATH at $2.6b since the parabolic run-up when Avalanche Rush was announced
– TVL has increased ~10x since the announcement and continues to climb. pic.twitter.com/WMyZ2h4Csl
— Wangarian 🔺 (@0xWangarian) September 16, 2021

5. Cardano (ADA)
Interestingly, yesterday’s market rally appears to have forgotten Cardano. ADA currently stands at $2.16, having fallen by 3.5% in the past 24 hours. That said, it’s up by 6% in the past week and by 9% in the past fortnight.

ADA has begun to overtake its 200-day average. Promisingly, its RSI shows that it’s very close to being underbought, indicating room for growth.
What also indicates growth is the fact that Cardano has smart contracts now. Launched on September 12, these will allow the blockchain platform to support dapps and other decentralized services. In turn, they will increase demand for ADA, which will fuel such contracts and the applications built on top of them.
And even since launching smart contracts, Cardano has announced a number of new partnerships and projects. For instance, the Cardano-based COTI payment provider has announced the launch of new stable coin called Djed. Djed uses smart contracts to ensure the stability of its price. On top of this, it will provide the Cardano ecosystem with greater liquidity, which should translate into more trading activity and a higher price for ADA.

ICYMI 👇
'The #Djed stablecoin could be a game-changer in the crypto space, appealing to an entirely new audience at a time when the industry is already experiencing astronomical growth' @IOHK_Charles on Djed & collaboration with @COTInetwork https://t.co/ifm9S6WAz6
— Input Output (@InputOutputHK) October 3, 2021

At the end of last month, Cardano also announced a deal with US-based telecoms group Dish/Boost Mobile, with which it will develop and trial blockchain-based services for the group’s customers. Taken together with the continued growth of its ecosystem, this all suggest very good things to come for Cardano in the not-too distant future.

ICYMI: We've formed a strategic collaboration with @dish and @boostmobile to explore customer solutions using the #Cardano #blockchain across the Nasdaq-listed US satellite television and cellular network group. https://t.co/4upCxKnh31
— Input Output (@InputOutputHK) September 30, 2021

Brazil Makes Bitcoin Legal Payment

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October 6, 2021

Should You Invest in This High Risk-Reward Crypto?

Bitcoin is racing higher today after smashing through $50,000 yesterday for the first time since early September and now trading above $54,000, following news that Brazil is likely to make the virtual currency legal tender.

Hot on the heals of El Salvador, which made the leading cryptocurrency legal tender in the country in early September, now Brazil looks set to follow in the central American country’s footsteps.

However, the order of importance of Brazil’s move it far greater. As one of the world’s largest economies, its adoption of bitcoin as legal tender is a huge vote of confidence in bitcoin as a means of exchange.

Bitcoin Bill comes to Brazil’s Chamber of Deputies

The news from Brazil came overnight after it emerged that a bill to make it legal tender would be presented to the country’s chamber of deputies. It is expected to be passed into law because of it has the support of the president of the chamber of deputies Arthur Lira.

A proposer of the bill, federal lawmaker Aureo Ribeiro, said: “We want to separate the wheat from the chaff, create regulations so that you can trade, know where you’re buying and know who you’re dealing with.”

He added that Brazilians will soon be able to buy houses, cars and even McDonald’s with Bitcoin. “With this asset you will be able to buy a house, a car, go to McDonald’s to buy a hamburger – it will be a currency in the country as it happened in other countries.”

The bill will also introduce tougher regulation of bitcoin and other crypto, with stiffer sentences for money laundering and anti AML fines that would seize two thirds of any funds found to have been used in money laundering.

Tougher AML regulations for crypto in Brazil

The South American nation is preparing to vote on a cryptocurrency regulation bill which is expected to be presented to the Plenary of the Chamber of Deputies within the next few days.

The bill will come before deputies in the new few days. Ribeiro says the regulators are all on board already. “We already made an agreement with both, Central Bank and the Securities and Exchange Commission of Brazil (CVM), over opportunities of this asset and its recognition within, for example, real estate value or currency of daily use.”

He added: “We want to separate the wheat from the chaff, create regulations so that you can trade, know where you’re buying and know who you’re dealing with.”

Brazil has a well established crypto community and boasts a sophisticated investment environment. It was one of the first jurisdictions to approve crypto exchange traded funds.

Gensler: “different approach” – no US crypto ban

Elsewhere, Gary Gensler the chairman of the US Securities and Exchange Commission told the US Congress that the agency had no plans to ban crypto, adding that to do so would require legislation by Congress.

Speaking in the context of the ban by China on all crypto transactions, Gensler commented: “Our approach is really quite different.”

Gensler has always said that he was focused on protecting investors and not on prohibition.

Soros Fund Management is trading bitcoin

Other positive news flow for the crypto complex came from investor George Soros and Bank of America.

Dawn Fitzpatrick, the CIO of Soros Fund Management confirmed in an interview with Bloomberg yesterday that the fund had been trading bitcoin.

Bank of America initiates research coverage of crypto

Another financial institution warming to bitcoin is Bank of America, which announced a couple of days ago that it was covering bitcoin and crypto, citing growing institutional interest.

Candace Browning, head of global research at Bank of America Securities said i comments to Bloomberg on Monday: “If you look at the number of corporates mentioning crypto on their earnings calls, that’s gone from about 17 last year to about 147 in the most recent quarter.”

She added that the nascent asset class was too big to ignore and was still in its first innings.

Bitcoin Story: The Past, Present and Future

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October 4, 2021

Since the inception of Bitcoin in 2009, cryptocurrencies have evolved into a universe of their own, with their own tokens, projects, platforms and communities. However, it all started with the idea of creating a digital currency that no financial institution could control.

What is Bitcoin?

Bitcoin is the most popular digital currency or cryptocurrency founded by someone named Satoshi Nakamoto in 2008. Nakamoto designed Bitcoin as a peer-to-peer electronic cash system in a decentralized environment. The potential of this system was only realized later when traditional banking systems became rigged to benefit the investors rather than the users.

Bitcoin is created through a process of Bitcoin mining which requires specialized mining hardware and software. Mining is a process of solving complex computations and registering transactions to create new blocks on the blockchain. Blockchain is a public digital ledger where every cryptocurrency transaction is recorded.

The present

While the new era of digital currencies a decade ago was considered to be a futile investment, the risk-takers back then are rewarded today. Starting from the low price of a few cents, Bitcoin today is priced at $42.223 and reached the highest of around $70,000 earlier this year.

Bitcoin has become a name synonymous with cryptocurrencies and is used for various purposes all around the world. Moreover, in an exciting turn of events, El Salvador recently became the first country to accept Bitcoin as a legal tender. Bitcoin has integrated itself with the majority of industries all over the world.

Bitcoin is still the highest-priced and most popular cryptocurrency, but it is not the only one. Its nearest competitor is Ether, followed by thousands of cryptos.

The Future

Bitcoin’s Proof of Work consensus algorithm has become obsolete today, where a new, stronger, faster and safer competitor Proof of Stake protocol has emerged. To stay relevant, Bitcoin must adapt to the new standards set by cryptocurrencies such as Bitcoin Latinum.

Bitcoin Latinum is based on Bitcoin’s ecosystem and utilizes a unique version of the Proof of Stake consensus algorithm, making it faster, safer, cheaper and greener than Bitcoin. Bitcoin’s Proof of Work algorithm and mining process requires an extensive amount of energy which leaves behind a significant carbon footprint. Bitcoin Latinum has developed a green initiative to achieve a net-zero carbon footprint.

While Bitcoin is still at the top and will probably remain there for a long time, it has reached the end of the line in terms of development. Cryptocurrencies such as Bitcoin Latinum are what will guide the future of cryptocurrencies.

Bitcoin and Ethereum Correction After Clearing Key Hurdles

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October 4, 2021

Bitcoin price surged towards USD 50,000 before correcting lower.
Ethereum is correcting lower from USD 3,500, XRP settled above the USD 1.00 resistance.
AXS rallied 25%, and DYDX gained over 14%.

Similarly, most major altcoins are correcting lower. ETH retreated lower after it failed to test the USD 3,500 resistance. XRP was able to settle above the USD 1.00 pivot level. ADA spiked towards USD 2.32 before correcting lower.

Bitcoin price extended its increase above the USD 46,500 and USD 48,000 resistance levels. BTC even broke the USD 49,200 level, but there was no test of USD 50,000. It is currently (04:31 UTC) correcting lower and trading below USD 48,000.

Total market capitalization

Bitcoin price

After a close above USD 46,500, bitcoin price extended its increase. BTC broke the USD 48,000 and USD 48,500 resistance levels. The price even spiked above the USD 49,000 level and tested USD 49,250. It is now correcting lower and trading below USD 48,000. On the downside, an immediate support is near USD 47,200. The first major support is now forming near the USD 46,500 level.

An immediate hurdle is near the USD 48,000 level. The next key resistance is near the USD 49,250 level, above which the price could test the main USD 50,000 barrier.

Ethereum price

Ethereum price climbed higher above the USD 3,150 resistance. ETH even broke the USD 3,380 resistance, but it failed to test the USD 3,500 zone. A high was formed near USD 3,480 before there was a downside correction. It is now trading near USD 3,320, with an immediate support at USD 3,250. The main weekly support is at USD 3,200.

On the upside, an initial resistance is near the USD 3,420 level. The main breakout resistance is now near the USD 3,480 and USD 3,500 levels.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) gained pace for a move above the USD 2.20 level. It even spiked above USD 2.30, but it failed near USD 2.32. The price is back below USD 2.20, but the bulls might remain active near the USD 2.12 level. The next major support is near USD 2.05

Litecoin (LTC) rallied above the USD 155 and USD 165 resistance levels. It tested the USD 175 level before correcting lower. It is now trading near USD 165, with an initial support at USD 160. The main breakdown support is now forming near USD 155.

Dogecoin (DOGE) was able to clear the USD 0.212 resistance level. It even surpassed USD 0.220, but there was no upside continuation. The price is consolidating near USD 0.215, with many supports on the downside near USD 0.212 and USD 0.205.

XRP price gained pace for a move above the main USD 1.00 resistance. It even broke the USD 1.05 level, but struggled near USD 1.08. XRP is now consolidating above USD 1.00.

Other altcoins market today

A few altcoins are up over 5%, including AXS, DYDX, ALGO, TEL, HNT, CRV, HOT, SHIB, XTZ, and EOS. Out of these, AXS rallied 25% and it surpassed the USD 135 level.

Overall, bitcoin price is trading in a positive zone above the USD 47,000 level. In the short-term, there might be a downside correction, but the bulls might take a stand near USD 45,500 or USD 45,000.

Crypto Market Analysis: October 4, 2021

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October 4, 2021

SEC delays spot Bitcoin ETF decisions, Nike enters Metaverse arena, and a crypto exchange gets hacked

Cryptoasset prices struggled to the end of September, failing to make gains for the majority of the month, or even hold ground in some cases.

However, major cryptoassets rebounded over the weekend on the back of positive comments from the SEC’s Gary Gensler.

Bitcoin had a strong week, despite falling to below $42,000 at the end of September. October’s arrival saw the cryptoasset jump in price over the weekend. It is now trading just below $48,000.

Ether likewise saw a start of October rally, having traded down to $2,800 at the end of last month. ETH jumped over the weekend, trading upwards and now around $3,350.

SEC head calls for cryptoasset consumer protection…but then reiterates support for ETFs linked to crypto

Gary Gensler has said that investors in crypto products deserve the same protections and safeguards against fraud and manipulation as bank depositors or purchasers of insurance policies.

The SEC boss acknowledged that the size of the crypto space now meant that it was time for investors to be covered in the same way as if they were investing in a more traditional asset such as a mutual fund. His comments were specifically regarding investors wanting returns from their assets on an annual basis.

However, despite heeding warnings, he did once again reiterate his support for exchange-traded funds (ETFs) on futures linked to the top cryptocurrency by market value, leading to speculation that the US might approve the vehicle.

Gensler singled out bitcoin ETFs in particular, which invest in futures contracts that trade on the Chicago Mercantile Exchange, having made similar comments in August also. Whatever the outcome, bitcoin bounced on the news of his comments, leading to renewed optimism.

Crypto is not “the second coming of the messiah” – Musk

Elon Musk has again put forward his views on crypto, telling US regulators to “do nothing”. His comments referred to his belief that possible government action could “slow down [crypto and bitcoin’s] advancement”.

An advocate of “letting it fly”, he hopes cryptoassets will eventually help reduce the errors and latency in legacy monetary systems.

Unlike previous comments, his views did not seem to impact price action dramatically, but considering regulation is such a hot topic at the moment, don’t be surprised if we see more and more comments weighing in on the space as it continues to capture public interest.

First crypto investment fund approved in Switzerland

Switzerland has broken new ground following the Swiss financial regulator issuing approvals for a domestic cryptoasset investment fund and a domestic digital asset custody service last week.

Just days after China’s central bank commented that bitcoin and other financial blockchains were a threat to economic stability, FINMA formally approved the first investment fund of its kind in Switzerland, in order to “facilitate serious innovation…in a consistently technology-neutral way”.

The new Crypto Market Index Fund will be open to “qualified investors”, enabling investment into cryptoassets with a “sufficiently large trading volume”.

Considering Switzerland has one of the largest banking sectors in the world and accounts for an estimated 25% of global cross border asset management, the chance for investors to gain additional exposure to cryptoassets could be exciting for the space.

Avalanche (AVAX) is now available on Coinbase

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October 3, 2021

Avalanche (AVAX) is now available on Coinbase

Starting today, Avalanche (AVAX) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store AVAX in most Coinbase-supported regions.

Avalanche (AVAX) describes itself as an open, programmable smart contracts platform for decentralized applications. AVAX is used to pay transaction fees and can be staked to secure the network. Avalanche is compatible with Solidity, Ethereum’s programming language, and can be used to deploy custom private or public blockchains as “subnets.”

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see AVAX), as well as a new section of the Coinbase website to answer common questions about crypto.

Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store AVAX today.

Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Daily Market Report for October 02 2021

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October 3, 2021