Category Archives: Cryptocurrency

The Saint Inu project has made several large cryptocurrency donations to charities across the world and is developing a first of its kind Play to Donate Gaming Platform- SIGMA.

New York, NY, Nov. 23, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) The Saint Inu project has made several large cryptocurrency donations to charities across the world and is developing a first of its kind Play to Donate Gaming Platform- SIGMA.

Photo Available: Saint Inu: The Cryptocurrency that Keeps on Giving

All of this was made possible by a rather surprising donor.

The benefactor of these donations is a cryptocurrency project called Saint Inu that was created less than a month ago. In just that short period of time, the project has already donated upwards of $300,000 worth of cryptocurrency to charities and non-profits around the world through their Charity Platform.

The newly formed Saint Inu project has started to turn heads in both the Charity and Cryptocurrency space with their jaw dropping generosity. The team has a token that gives a percentage of each transaction towards donations to charities and the token holders, however, the team says that this is "simply just the beginning".

The Saint Inu Development Team is working to reimagine how we envision donating to charity. The project is developing and launching a first of its kind "Play to Donate" (P2D) gaming platform called the SIGMA Platform (Saint Inu Gaming and Metaverse Arcade Platform). This launchpad will allow its users to earn cryptocurrency on behalf of their favorite charities by simply playing the games on the platform.

The "Play to Earn" (P2E) model has already proven to be successful in the crypto industry with P2E games such as Axie Infinity and Decentraland garnering multi-billion-dollar evaluations. The Saint Inu team believes that the next major trend in the market will be P2D games that allow users to donate to causes simply by playing a game. According to the Lite Paper published last week, there will also be P2E games on the SIGMA Platform.

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With several games scheduled to be released next year, the team is excited about the future of the SIGMA Platform. They believe the revenue generated from the upcoming games will allow them to regularly make 6-figure donations and disrupt the charity, cryptocurrency, and gaming industries.

In a space that can be so unforgiving, its a nice change of pace to see a project that is doing so much good for others.

For more information, please visit the Saint Inu Website, Twitter, or Telegram.

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http://www.twitter.com/saint_inu

https://t.me/saintinuofficial

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Saint Inu: The Cryptocurrency that Keeps on Giving - Yahoo Finance

Victor Osimhen.

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Floki inu, a meme cryptocurrency inspired by the likes of shiba inu and dogecoin, has managed to dive into the world of sport and promote itself across Spain, India and most recently Italy.

SSC Napoli, one of the top professional soccer teams in Italy, announced in a press release on Tuesday that it had partnered with floki inu for sponsorship.

Under the terms of the deal, the floki inu logo, which features a cartoon of a Japanese Shiba Inu dog in a Viking helmet, will feature on the back of the SCC Napoli first team shirt, as well as on LED displays around the pitch during all league games as well as on other promotional material.

"Our goal is to become the best known and most used cryptocurrency in the world, which is why the partnership with a historically recognized global brand and a fantastic fan base like Napoli represents a fundamental asset in our strategy," floki inu's marketing department said in a statement.

"In the first weeks of close collaboration, which led to this partnership announcement today, we discovered that our Club and floki share the same values and aspirations for growth," Serena Salvione, Chief International Development Officer at SSC Napoli, said.

The team behind the dogecoin-spinoff cryptocurrency have also partnered with Spain's Cdiz, an elite-level club. The floki inu logo will appear on the sleeves of the players' shirts in time for a key match this Sunday against Atltico Madrid, according to a Twitter announcement last week.

Spain's Cdiz were not immediately available to comment.

Floki inu has also managed to seal a deal with Kerala Blasters, an Indian professional soccer club, as its sleeve sponsor for the upcoming season of the Hero Indian Super League, the soccer team announced last week.

Floki inu launched in June this year, as a nod to Tesla chief executive and crypto supporter Elon Musk saying he was going to get a Shiba Inu dog - the subject of the original "doge" internet meme that gave rise to dogecoin - and name it "Floki".

In under six months, it's gone from cult-cryptocurrency to the sponsor of top-flight soccer teams. In the last month alone, it's gained around 200% in value to trade around $0.00017264, according to CoinGecko.

But floki inu's quest for world dominationi hasn't all been plain sailing. The marketing team launched an aggressive ad campaign across London's massive public transport system last month, with posters throughout the subway and on the city's famous double-decker buses.

Like many crypto assets, it's unregulated in the UK and it didn't take long for the advertising watchdog to look into the campaign, according to media reports. Transport for London, the city's public transit authority, said it ensures all ads in the system comply with its own policies, as well as those of the Advertising Standards Agency.

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Floki inu will sponsor top soccer clubs in Spain, Italy and India - Markets Insider

Tesla chief executive officer (CEO) Elon Musk publicly endorses cryptocurrency. JP Morgan CEO Jamie Dimon thinks Bitcoin is a fraud. Alphabet and Google CEO Sundar Pichai revealed that he does not own any digital coin, adding that wish he did. But whether or not executives believe in the potential of Bitcoin, Ethereum, or blockchain technology, they cant ignore cryptocurrencies.

Despite being only a little over a decade old, cryptocurrency has gained tremendous popularity. Cryptocurrencies have collectively grown to over a $3.3 trillion valuation, beating out the likes of big companies like Apple and Microsoft, according to CoinGecko pricing.

Global adoption of crypto during the past year has been explosive, with over 300 million investors worldwide. Here we list what global CEOs think about cryptocurrency.

Warren Buffett, American tycoon and CEO of Berkshire Hatchway, has a well-known reputation for investing in stocks whose value and cash flow come from producing things. But cryptocurrencies dont have real value, Buffett said in a CNBC interview in 2020. They dont reproduce, they cant mail you a check, they cant do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that persons got the problem. It does not meet the test of a currency, the billionaire said, as quoted by CNBC in 2014.

It is not a durable means of exchange, its not a store of value. He added that while cryptocurrency its a very effective way of anonymously transmitting money.

But he also drew an analogy with cheques, saying that they too are a way of transmitting money, but should be they be worth a whole lot, simply because of the ability to transmit money.

Apple CEO Tim Cook revealed that he is a crypto investor and holds digital coins. Cook was answering Andrew Ross Sorkin, who was hosting the New York Times two-day online summit. The Apple CEO shared his thoughts on the hot topic of cryptocurrencies such as Bitcoin.

However, Cook dismissed the idea of accepting cryptocurrency via Apple Pay anytime soon. He explained that Apple is looking at crypto, but has no plans to launch such functionality in Apple Pay.

Speaking about Apple stocks and cryptocurrency, Cook noted that Apple does not have any plan to invest in cryptocurrency as a company because he believes Apple Inc shareholders do not buy its stock to get exposure to crypto.

Alphabet and Google chief executive officer (CEO) Sundar Pichai spoke about his cryptocurrency plans and revealed that he does not own any, adding that wish he did, in an interview with Bloomberg Television. Ive dabbled in it, you know, in and out, Pichai said.

Interestingly, Pichai had said in 2018 that his 11-year-old son, was mining cryptocurrency Ethereum on the family PC at home. Last week I was at dinner with my son and I was talking about something about Bitcoin and my son clarified what I was talking about was Ethereum, which is slightly different, Pichai exclaimed. Hes 11 years old. And he told me hes mining it.

Elon Musk is the cryptocurrency communitys most influential individual despite constantly poking fun at crypto on Twitter. In January 2021, he added #Bitcoin to his Twitter bio, causing the coins price to spike by 25 percent.

In February this year, when Musk announced that Tesla bought Bitcoins worth $1.5 billion, the cryptocurrency rose by 20 percent in one day. Days after he wrote Dogecoin is the peoples crypto, it caused a sudden jump of 50 percent in Dogecoin in one day. Overall, Dogecoin has seen a jump of 15,000 percent in one year.

In the first week of October this year, the dogecoin spinoff Shiba Inu coin jumped 30 percent after a tweet from Elon Musk. Musk has a dog named Floki, which is a Shiba Inu, a Japanese dog breed. Clearly, Musk has a big influence on the cryptocurrency market.

Jack Dorsey, the CEO of Twitter and Square, is a Bitcoin investor. His love for cryptocurrency dates back to 2017 when he started advocating Bitcoin as the king coin. When the crypto market crashed in 2018, Dorsey was unfazed, calling Bitcoin the future world currency, despite the digital currency being at its lowest point in several years. In March 2019, Dorsey had said that he spends several thousand dollars each week to buy Bitcoin.

Endorsing blockchain technology for transparency in payment, Dorsey has released the whitepaper of its decentralized Bitcoin exchange proposal tbDEX. Earlier, in August, Dorsey confirmed to investors that bitcoin will be a big part of the companys future.

For Jamie Dimon, the head of financial giant JPMorgan Chase & Co., Bitcoin is simply a fraud. Dimon isnt a fan of Bitcoin, the largest cryptocurrency by market value.

I personally think that bitcoin is worthless, Dimon was quoted by CNBC Pro as saying. But, I dont want to be a spokesperson I dont care. It makes no difference to me, he said. Our clients are adults. They disagree. Thats what makes markets. So, if they want to have access to buy yourself bitcoin, we cant custody it but we can give them legitimate, as clean as possible, access.

Recently, he told Axios CEO Jim VandeHei that Bitcoin has no intrinsic value. And although he thinks bitcoin will be around long term, Ive always believed itll be made illegal someplace, like China made it illegal, so I think its a little bit of fools gold.

Alfred Kelly, CEO of Visa believes that cryptocurrencies can be extremely popular. He was on the Leadership Next podcast with CEO of Fortune Alan Murray where he expressed his thoughts on where cryptocurrencies could be in the next five years.

On the flip side of this, Kelly opined that just as much as crypto could be very successful, it could also end up flopping. Kelly explained that even though crypto may not go anywhere, Visa wanted to be ahead of it. What I like most about our business, Alan, is that we dont pick winners and losers, Kelly told Murray.

PayPal and Palantir co-founder Peter Thiel has stated that he regrets not investing enough in Bitcoin. During an event in Miami, Thiel praised cryptocurrencies and admitted that he may have underinvested in Bitcoin.

Back in May, Mark Zuckerberg shared a picture of two goats and said one of them was named Bitcoin his post triggered a flurry of speculation that the billionaire was endorsing the cryptocurrency.

Earlier, in 2019, Facebook has confirmed that its cryptocurrency will be called Libra, though the social media network will not be controlling this currency. Facebook is partnering with 27 other organisations across the world to create the non-profit Libra Association and this new currency, which is aimed at improving access to financial services to those who are out of the banking system.

Disclaimer: Cryptocurrency is an unregulated space and digital currencies are not backed by any sovereign authority. Investing in cryptocurrency comes with market risks. This article does not claim to provide any kind of financial advice for trading or buying cryptocurrency.

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Sundar Pichai to Tim Cook: What global CEOs think about cryptocurrency and its future - The Indian Express

The ongoing technological revolution has meant that digital money one manifestation of which are cryptocurrencies is upon us. The microeconomic trade-offs are well-known and have been argued. Digital currencies have the potential to spur financial innovation, increase efficiencies through faster and cheaper payments and augment financial inclusion. Conversely, concerns around safety (cyber attacks and fraud), financial integrity (money laundering and evasion of capital controls) and energy usage (outsized energy needs to mine cryptos) are also well-documented. Further, to the extent that privately-issued cryptos currently serve largely as speculative assets, the need for updating consumer protection and regulatory frameworks is also clear.

But even as the micro debate rages, there is much less appreciation of the macro consequences of privately-issued cryptocurrencies. What happens if, over time, cryptos evolve from speculative assets to become viable mediums of exchange? What would this imply for the conduct of monetary, fiscal and exchange rate policies? This piece attempts to put the macro pieces together.

For starters, how would monetary policy be impacted if a private digital currency was competing with fiat currencies? Think of this as dollarisation by another name, but with a crucial difference as enumerated below. Latin America is replete with economies becoming dollarised. As domestic nationals lost faith in their own currency as a store of value, they shifted into and began transacting in US dollars for the security and stability it accorded. What this did was to render domestic monetary policy ineffective, because domestic central banks cannot set interest rates and inject liquidity in a foreign currency. The greater the substitution into US dollars, the lower the potency of monetary policy. In effect, these economies were importing the monetary policy of the US Fed.

Widespread adoption of privately issued digital currencies as a medium of exchange will have much the same impact. The larger the monetary base they cannibalise, the less potent will be domestic monetary policy in responding to business cycle needs and external shocks.

But what are the prospects for widespread adoption of cryptocurrencies as a medium of exchange? The intellectual case for Bitcoin stemmed from the fear of debasement of fiat currencies through an unprecedented expansion of G3 central bank balance sheets after the global financial crisis. Its founders, therefore, preempted fears of debasement by fixing Bitcoins aggregate supply, in the hope it would evolve into a viable alternative medium of exchange. But precisely because aggregate supply is inelastic, demand shocks result in outsized price volatility. This, in turn, renders Bitcoin an inappropriate medium of exchange. Instead, its morphed into a speculative asset.

To get around this problem, Stablecoins have been introduced, whose value is pegged to a fiat currency by maintaining equivalent reserves (think of a currency board exchange rate regime). By providing much greater price stability, these Stablecoins hope to serve as viable mediums of exchange, and have proliferated rapidly in recent years. Does this pose a grave risk to monetary policy? Much will depend on the degree of currency substitution.

As the IMF points out, if cryptos are only used for niche purposes narrow cross-country transfers and remittances which are then quickly converted back into local fiat currencies, the implications for monetary policy will be contained.

Instead, what central bankers and policymakers fear is a more existential challenge to the global monetary system. In a 2019 paper, Brunnermeir, James and Landau raise the prospect of mega tech companies running global e-commerce or social networking platforms issuing their own digital currencies to their global customer base that serves both as a unit of account and a medium of exchange on their platforms. Given the self-reinforcing network externalities involved, adoption would be rapid as digital currencies are bundled with other data and services. We would then have the prospect of digital currencies being transacted on large scales actively competing with fiat currencies.

Brunnermeir et al. posit global economic activity could eventually be re-organised into digital currency areas (DCAs) that run across national boundaries, characterised by their own digital currency and unit of account issued by the network owner, with the size of these DCAs dwarfing national economies.

How would this threaten monetary policy? If these privately issued Global Stablecoins are tied to a fiat currency, the owners of these networks still would not necessarily run independent monetary policy (think currency board again). But if these currencies gain credibility and acceptance over time, there will be every incentive for network owners to break free from fiat currencies pegs to generate monetary discretion.

Once that happens, all bets are off with private network owners effectively running independent monetary policy. From the perspective of a local economy, think of this as dollarisation except that monetary policy is being ceded not to the Fed, but as the IMF warns to a profit-maximising network owner, who may not have any incentive to use monetary policy to smooth shocks or issue emergency liquidity when needed. The fate of economies to respond to shocks, at least in part, would be in the hands of private firms. This would present an existential threat to monetary policy as we know it.

What about fiscal policy? The implications are more straightforward. The greater the substitution into digital currencies the more the loss of seigniorage revenues to governments from the monopoly issuance of fiat currency. Separately, fiscal revenues can also be adversely impacted by the increased tax evasion opportunities that crypto-currencies can facilitate.

To the extent that increased substitution into cryptos reduces the efficacy of monetary policy, the onus on fiscal policy to respond to economic shocks will commensurately rise. This could create challenges in a post-Covid world. The pandemic has left a legacy of elevated public debt around the world. Fiscal policy, especially in emerging markets, will have the least space to act when it is most needed.

Finally, what are the implications for the Rupee? To the extent that cryptos are mined abroad, demand for them whether for transactions or speculative purposes will be akin to capital outflows. In turn, if cryptos begin to get mined onshore, they will induce capital inflows. These dynamics will increase capital account volatility and, to the extent that these cross-border flows circumvent capital flow measures, they de facto increase capital account convertibility, accentuating the policy trilemma that emerging markets confront.

This will also directly impact the currency market. As the 2021 Global Financial Stability Report underscores, there must exist a triangular arbitrage between, say, the local Rupee-Bitcoin market, the Dollar-Bitcoin markets and the Rupee-Dollar market. Consequently, changes in the Rupee-Bitcoin markets will inevitably spill over into the Rupee-Dollar markets for markets to clear.

All told, the macro implications of widespread crypto adoption are complex and interlinked. For now, there is justifiable angst about growing household attraction for cryptos as speculative assets, with its attendant regulatory implications. But the true macro challenge will emerge and compound if and when unbacked private digital currencies are seen as viable mediums of exchange. Thats what policy must anticipate and prepare for.

This column first appeared in the print edition on November 19, 2021 under the title Brace up for cryptocurrency.The writer is Chief India Economist at J.P. Morgan. Views are personal

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The monetary, fiscal challenges of cryptocurrency - The Indian Express

DUBLIN, Nov. 25, 2021 /PRNewswire/ -- Katch, a leading events based video dating app is the first in the world to integrate and promote NFT on its platform. These NFTs (Non-Fungible Tokens) will be used in a social way to interact with people on Katch and navigate towards creating the dating experience into the metaverse.

"NFTs are the future for digital assets and Katch aims to become the first dating app to integrate NFTs into our service offering," says Paul Numan, CEO of Katch. "Our members always want to engage with other members in a socialising way and we see NFTs as the perfect mix of entertainment and financial value," he continues.

Within the Katch dating network members will have their pictures and videos converted into animate NFTs onto the OpenSea platform. These NFTs can be bought and swapped within the Katch dating app in a similar way to liking someone - instead members receive the money from the sale of the NFT as well as 10% on all resales of that NFT thereafter.

"We have always tried to simulate the bar and nightclub feeling in Katch, and now we have the possibility for members to financially engage with other members by purchasing their NFTs," says Paul Numan, CEO of Katch."We envision that many from the crypto currency community will jump onto this trend as Katch is the first dating service in the world to offer a real offering in this space," he continues.

Katch aims to launch NFTs into the platform in the middle of Dec 2021.

About NFTs

An NFT is a unique digital certificate that states who owns a photo, video or other form of online media. Each NFT is unique and acts as a collector's item that can't be duplicated, making them rare by design.The buyer will receive a certificate, digitally signed and verified, as well as the metadata of the original.

About Katch

Katch is a leading events based video dating app that brings real people together in relaxed face to face encounters. For more information about Katch visit http://www.ikatch.com

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Dating app Katch to auto create profile NFTs and accepts cryptocurrency payments for dating events - PRNewswire

Christopher MortonContributor

The $1 trillion U.S. infrastructure bill, signed into law by President Joe Biden last week, contains provisions that would tax cryptocurrency trades and yield the U.S. government some $2.8 billion a year.

That is, frankly, not a lot of money.

The issue is that the crypto tax element of the law is not clearly written, and the government risks squashing a burgeoning part of the economy.

The infrastructure bill says a brokerage needs to keep track of these things. But you can enter into a smart contract without a brokerage, so who is responsible for reporting in that case? Would a miner be considered a brokerage?

Theres no question that, on some level, the government is due taxes earned from cryptocurrency trading like any other investment gain typically at the time a person liquidates, or like a transfer of property. But the vagueness of the law risks either trading platforms eliminating access for U.S. citizens or simply preventing smaller cryptocurrency investors from joining or remaining in the market.

Weve seen this before. FATCA, the Foreign Account Tax Compliance Act, caused some financial institutions to block U.S. citizens from using their services because the compliance rules were too burdensome relative to the risk and potential benefit.

Here are a few scenarios some simple and some complex that need to be thought through:

The minimum is $10,000 a carryover from the Bank Secrecy Act. Transactions below that amount are not taxed, but $10,000 is a fairly low amount of money to have to deal with a complex tax situation.

The tax reporting for trading platforms and investors may be onerous enough to discourage further investment, which ultimately may make the tax worthless, or at least generate far less revenue than estimated.

And for the IRS, this could be a complex tax to audit. They will need a way to tie identities to these transactions. This is already done on trading platforms like Coinbase, but individual miners typically do not.

Whats somewhat noteworthy about this particular bill is that while tax laws will almost always be problematic initially, they usually get clarified over time. This infrastructure bill seemed to go the opposite direction. Congress started with the impact number ($1.1 trillion) and then tried to find ways to generate enough taxes to match the number.

This is unusual in a few ways, but perhaps indicative of our current political climate. Politicians used to start with the specific programs they wanted to fund, then tried to make the cost as small as possible. This time, both parties were fighting to promise a larger number when their party was in power. (Trump, after all, worked on a $2 trillion infrastructure bill, though it was never signed into law.)

Its a bit of a strange time in the U.S. politically, with mayors from Miami to New York and across the political spectrum offering to take their paychecks in cryptocurrency. Meanwhile, on the national level, theres no clear guidance on the federal governments long-term plans.

Ultimately, cryptocurrency is here to stay in one form or another, and the federal government needs to get serious about an approach by talking to experts like economists, academics and cryptocurrency platform developers.

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Congress must clarify how the infrastructure bill will impact cryptocurrency - TechCrunch

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The metaverse is rapidly growing, both in cultural awareness and in financial terms, accelerated by Facebooks Meta name change last month. Since the concept is slowly starting to become more mainstream as several big-name companies are embracing it and some analysts are calling it the next big investment theme.

See: 10 Cheap Cryptocurrencies To BuyFind: Cryptocurrency Predictions for 2022

Igor Tasic, founder of metaverse advisory firm Meta Ventures, says that the metaverse goes beyond VR/AR and technology itself and has the potential to be the ultimate equalizer of the first half of the 21st-century by creating an actual global plaza for people to be included, integrating their physical and digital existence in an authentic hybrid experience.

We are living in a moment of transition in the metaverse. I believe even the way we refer to it will evolve, Tasic told GOBankingRates.

Like in the past, we called the internet the web, Infoway, and now, the cloud. It seems to be more of a natural next step of the internet in which the experiential aspect will take place, he added.

In a note to investors earlier this week, Investment bank Morgan Stanley said that the metaverse a concept that includes the construction of an alternate universe where individuals can model their image to whatever they want to be, and perform real-life tasks such as buying things, gaming with friends, and other activities can fundamentally change the medium through which we socialize with others, according to Bitcoin.com.

But what is the connection between the metaverse and crypto and how does crypto play a role in it?

Sina Kian, VP of Strategy at Aleo, a blockchain platform for fully private applications, told GOBankingRates that crypto is a fundamental part of the metaverse because it allows ownership of digital assets, and ownership will create incentives to invest.

Kian added, however, that one of the greatest threats to the metaverse is the prospect of being captured by an oligopoly, thus recreating the menace of monopolies in the digital world.

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The most important thing that crypto offers is a potential alternative to that world, in which ownership is more decentralized, Kian said.

Phillippe Bekhazi, co-founder and CEO of XBTO Group, a global cryptofinance firm, echoed the sentiment, telling GOBankingRates that crypto is poised to play an immensely important role in the metaverse.

Obviously, there are the emerging technologies, such as NFTs and social tokens, that could be used for everything from playing games and earning money to even serving as incentives for holding virtual concerts for influencers and their fans, Bekhazi said.

What I think is under-appreciated is the role that major cryptocurrencies could play. Digital currencies are primed to be used as a payments system between various parties within a metaverse-like digital world, he continued.

Also, its not beyond the realm of possibility that in some future metaverse, even crypto traders could trade Bitcoin and other crypto assets on a VR/AR-integrated system within the metaverse. In such a scenario, they could bargain in person, in the form of the digital avatars, over what price they would want to trade whichever crypto asset. The possibilities could be limitless, and we are excited to see what comes of this, Bekhazi concluded.

Other experts explain that the metaverse isnt just AR/VR and cartoon avatars. It can be any form of online engagement, from a Zoom call to commenting on your favorite creators social posts, plus anything that gives you presence, engagement and identity in a digital space can be a metaverse, according to Chris Fortier, Vice President of Product at Rally, a blockchain ecosystem that helps creators mint their own social tokens.

In this light, crypto has an important role to play in any metaverse, Fortier told GOBankingRates. Crypto enables radical ownership of tokens but tokens are much more than money.

See: Decentralized Social Media on Solanas Blockchain Could Change How Fast We Enter the MetaverseFind: Twitter Launches Crypto Dedicated Team A Move That Could Make Digital Assets The Currency of the Internet

Rally, for example, lets creators and communities tokenize their time and reward participation in our digital metaverses (both current web and web3 alike). That could mean amplifying a tweet, fulfilling a T-shirt order for a fan or introducing a new community member to crypto. Web3 communities now have the tools to honor and reward that digital labor, he added.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: Understanding the Metaverse and How it Relates to Cryptocurrency

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Understanding the Metaverse and How it Relates to Cryptocurrency - Yahoo Finance

Over the past 24 hours, Crypto.com Coin's (CRYPTO: CRO) price rose 4.32% to $0.57. This continues its positive trend over the past week where it has experienced a 46.0% gain, moving from $0.39 to its current price. As it stands right now, the coin's all-time high is $0.59.

The chart below compares the price movement and volatility for Crypto.com Coin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has decreased 5% over the past week, while the overall circulating supply of the coin has increased 0.03% to over 25.26 billion. The current market cap ranking for CRO is #16 at 14.40 billion.

Do you want to learn more about trading and be able to analyze your own portfolio of stocks or cryptocurrencies? Consider signing up for Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy. You can follow the link here to visit.

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Cryptocurrency Crypto.com Coin's Price Increased More Than 4% Within 24 hours - Benzinga - Benzinga

Crypto-enthusiast Chris MacDonald and Fool.comEditor Eric Bleeker discuss why Pancakeswap (CRYPTO:CAKE) provides a passive income opportunity that may be too good to ignore, on this episode of "The Crypto Show" from Backstage Pass, recorded on Nov. 10.

Eric Bleeker: Let's get into the last one we're going to cover today which is PancakeSwap.

This is the 44th largest crypto, it's got a $4.7 billion market cap at the decentralized exchange, built on finance smart chain instead of Ethereum. It's up about 30 fold since the beginning of the year. That's a lot of momentum.

What's interesting about PancakeSwap and what's leading to all this momentum?

Chris MacDonald: I think we're definitely seeing a lot of interest flowing into the DeFi space, decentralized finance space. One of the big components of that are decentralized exchanges.

PancakeSwap is similar to a lot of other decentralized exchanges, such as Uniswap (CRYPTO:UNI) or SushiSwap (CRYPTO:SUSHI) that I know we've covered in the past. The difference is it's, like you mentioned, based on the Binance Smart Chain, and so that provides some unique advantages.

There are some drawbacks as well. Binance itself is not without issues. There is a probe by the Department of Justice into Binance in general. There are some risks with it, but the advantages probably outweigh the risks.

Looking at cost, specifically, Ethereum(CRYPTO:ETH) based decentralized exchanges are beholden to gas fees on the network. Binance is a lot different in that regard. The fees are a lot lower. PancakeSwap, someone who goes on there to swap their tokens will pay a fee of around a quarter of a percent, which is pretty attractive right now. For those who use Ethereum-based decentralized exchanges, they'll know that's a pretty good rate. These are among the most competitive rates in the business.

This is driving a lot of attention to PancakeSwap and a lot of liquidity as well within the network. One of the statistics that really popped out to me is it boasts the largest number of daily users of any dApp and the fourth highest in market volume. That's pretty incredible. In addition to that, it's got pretty incredible wallet integration with various popular wallets whereas other exchanges might not offer that, so the high daily volume liquidity of this platform.

Then the other thing I think that's really important with PancakeSwap to talk about is the passive income potential with this decentralized exchange. When a user stakes CAKE, which is the native token, of the PancakeSwap decentralized exchange on a Syrup Pool, which-- I love the naming convention. [laughs] Anyway, when it's staked on a Syrup Pool, there are 16 tokens available for staking. The most staked pool, Auto CAKE, returns an annual percentage yield of around 72 percent, which is pretty incredible. [laughs] And there are actually pools with greater rewards available.

Now, if you stake a more speculative token on any decentralized exchange, there's always the risk that it goes to zero and you earn 72 percent yield on something that is worthless. These are usually on higher-risk, more speculative tokens but it's still, for investors looking at yield farming or creating passive income through staking, PancakeSwap is definitely a very intriguing decentralized exchange to consider right now for sure.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Pancakeswap: The Cryptocurrency of Meaningful Passive Income Generation - Motley Fool

Anand Mahindra, who is the current Chairperson of Mahindra and Mahindra, is one of the most well-known and successful business tycoons in India. Being one of the wealthiest people in India, several reports suggested that a major chunk of his growing wealth is owed to cryptocurrencies.

Anand Mahindra on Friday took to Twitter to dismiss all the reports of him investing in cryptocurrencies such as Bitcoin and Ethereum after a news report from a website stated that the businessman makes millions by investing in crypto.

Quashing the rumours of the news report, Anand Mahindra wrote on Twitter that he has not made a single rupee by investing in cryptocurrencies, calling the news story about him unethical and fake. Along with the tweet, he posted a few screenshots of the report.

Mahindra said, This would be highly amusing if it wasnt so unethical &, in fact, dangerous. Someone saw this online & alerted me. I need to make people aware that this is completely fabricated & fraudulent. Takes fake news to a new level. Ironically, Ive not invested a single rupee in cryptos.

The screenshots posted by Anand Mahindra stated that he has invested a large amount into cryptocurrencies and earns millions each day just through his investments. Addressing this, Anand Mahindra said that the publication took fake news to a whole new level.

Several fake stories about Anand Mahindra have surfaced over the years. Earlier this year in September, another publication publish a quote by the businessman, while he later dismissed it as a fake statement, stating that he was flattered that publications choose to quote him.

Further to this, Mahindra also said, Im flattered that some believe my statements are quotable and I have always believed in the power of social media to democratize information & share knowledge. But the downside is wrongly attributed quotes. I will do my best to call them out whenever possible.

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Anand Mahindra making millions investing in cryptocurrency? Heres what the billionaire said - DNA India