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Showing posts from May, 2023

Revolut Receives Central Bank of Brazil Authorization as Direct Credit Society

Revolut the global financial super app serving around 30 million customers worldwide has obtained approval from the Central Bank of Brazil to operate as a Direct Credit Society (SCD) . This authorization enables Revolut to expand its range of financial products and services facilitating its entry into the Brazilian market . With the authorization in place Revolut aims to unlock an economy without borders offering accessible and user friendly financial solutions that enable efficient money management . The company started with global accounts and cryptocurrency investments but sees this as just the beginning of its journey in Brazil . Revolut’s cofounder Nik Storonsky expressed excitement about the market’s potential and the opportunity to provide customers with a good banking experience . Revolut Makes Strides in Brazilian Market with Authorization from Central Bank Revolut, known for its user friendly financial services and cryptocurrency offerings such as Bitcoin (BTC) valued at R$13

High Transaction Fees Drive Stablecoin Users to Solana and Polygon, Ethereum Activity Declines

The activity of stablecoin holders deployed on the Ethereum blockchain has witnessed a sharp decline in May primarily due to the increase in transaction fees . Users have begun moving towards to alternative blockchains like Solana and Polygon which offer lower fees, as reported by The Block . Switch to Solana and Polygon: Ethereum-based Stablecoin Activity Plummets Experts reveal that the current month is witnessing the lowest amount of transactions of Ethereum-based stablecoins since December 2020 . Notably the turnover of USDC (USD Coin) over the past three weeks amounted to only $73.1 billion which is a significant drop from the previous month’s levels which was over $158.9 billion . A similar trend can be observed with Tether (USDT) as the trading volume in May dipped below $69 billion compared to April’s $110.6 billion . FOR MORE INFO:  https://finvestime.com/high-transaction-fees-drive-stablecoin-users-to-solana-and-polygon-ethereum-activity-declines/

FOREX .com vs FXCM: Which Forex Broker is Better in 2023?

Hello again with another comparison! I’m here to go on a friendly rant on two of 2023’s most well-known forex brokers: FOREX .com and FXCM . As someone who has dabbled in the thrilling world of currency trading, I feel qualified to offer my insights into the aforementioned venues . Join me as I compare these two titans and help you decide which one takes the crown whether you are a seasoned investor or a curious newcomer to the world of forex . If you are ready, let’s jump straight into the reviews . FOREX .com: One of the Household Names of the Industry Okay everyone, sit back and listen to my review of FOREX .com! Having traded with this global online broker for a while and learned a thing or two about what they offer I feel qualified to dish the dirt . Founded in 2001, FOREX .com is now a major player in the trading industry as a subsidiary of GAIN Capital Holdings . Their portfolio includes industry heavyweights like City Index and Daniels Trading, proving they know what they’re do

What Will Be The End Of The Ripple Case? People Are Confused

When discussing the current lawsuit with the United States Securities and Exchange Commission (SEC), the Ripple community has been informed on several details that have not been made public before . There Are Many Expectations About The Outcome Of The Ripple Case After Judge Torres ordered the SEC to release the Hinman emails the community was able to reimagine the case in their imaginations even before the much-anticipated summary decision was issued . Details revealing that certain assertions from market regulator personnel are inconsistent and that some opinions in the papers imply a conflict of interest for Hinman provide credence to the argument for Ripple’s likelihood to win the lawsuit . According to Ripple Labs’ ex-director Matt Hamilton the SEC still has a good probability of winning the lawsuit even while Ripple has a good chance of winning . When asked on Twitter what he thought of the case’s newest developments Hamilton replied: FOR MORE INFO:  https://finvestime.com/what-w

Lido Finance V2 Upgrade Completed, Celsius Attracts $780 Million StETH

With Lido Finance V2’s new withdrawal feature, users holding stETH (staked Ether) can redeem their ETH holdings at a 1:1 ratio. Lido Finance, the liquid staking protocol on the Ethereum blockchain, has successfully completed the LDO V2 upgrade. With this, staked ETH has been unlocked. Lido Finance has released version V2, an upgrade that allows the withdrawal of locked ETH. The upgrade was accepted by community vote and took place on May 15 also saw an increase in the LDO price within 48 hours. According to CoinMarketCap data, LDO is currently trading at $2.25. With Lido Finance V2’s new withdrawal feature, users holding stETH (staked Ether) can redeem their ETH holdings at the 1:1 ratio. According to the latest data more than 6 million ETH worth approximately $12 billion have been staked on Ethereum network through Lido v2. As of May 15th, users started withdrawing their ETH, and the withdrawal period takes place within 1-4 days depending on the intensity. FOR MORE INFO:  https://meta

Famous Crypto Influencer Bitboy Crypto Says 150,000 XRP Is Enough To Become A Millionaire

The creator of the Bitboy Crypto YouTube channel told how many XRP coins a cryptocurrency investor should hold in order to become a millionaire. This generated a heated discussion in the crypto community. If the Price of XRP Goes Over $7, You Can Be a Millionaire with 150K Tokens Cryptocurrency influencer Ben Armstrong suggested that if an investor had 150,000 XRP, that would be enough to reach a million dollars. To do this, the digital coin must trade above $6.7. Now the acquisition of 150,000 XRP will cost $65,000 at a rate of $0.4271 per coin. Twitter users have begun to conduct polls seeking to find out the opinion of the majority on Bitboy Crypto’s statement . XRP proponent and cryptocurrency enthusiast Jenna, through her XRP army survey found that a majority of people (62.5%) disagreed with Armstrong . These people thing that you don’t have to buy 150,000 XRP to get rich. Armstrong was supported by 22.6% of crypto enthusiast readers. 14.9% think they should own a lot more coins .

Could A 1000 Billion Dollar Platinum Currency Save USA From Its Enormous Debt?

The USA toiled in debt for some time, and this debt seems like it is not going to diminish at all, as it resurfaces again and again. The seemingly impossible repayment of this huge debt is worrying many people, but as long as the USA is able to avoid defaulting on it, everything is fine. Joe Biden wants to increase the debt ceiling, but the majority of the House of Representatives which mostly consist of the Republican Party members is against this policy and is hindering Joe Biden. This is why the idea of a $1 trillion platinum coin emerged. The Total Debt of the USA is Around 32 Trillion Dollars How the USA is still making ends meet is a mystery that spans a few decades, as the country’s debt increased even more rapidly than before after the 2008 financial crisis. But the bulk of this humongous rise mainly happened during the Covid restriction period of 2020-2022. The exact amount of debt of the USA is 31.7 trillion dollars. Now, a struggle to increase the ceiling has recurred in ord

Best UK Forex Brokers for 2023 Revealed

A trustworthy and experienced broker is essential for successful foreign exchange trading in the United Kingdom. It’s not always easy to know where to begin looking when so many possibilities exist. For this reason, we have produced a list of the top UK Forex brokers for 2023, so you don’t have to. To assist you in choosing the best broker for your needs, we’ll reveal our top recommendations and discuss the features and benefits they offer. Whether you’re a seasoned pro or just getting your feet wet, this guide will help you find the best UK Forex broker for your needs. FOR MORE INFO:  https://finvestime.com/best-uk-forex-brokers-for-2023-revealed/

Life Insurance for Hypothyroidism: What You Should Consider

Hypothyroidism is a common thyroid disease that affects millions of people worldwide. It occurs when the thyroid gland does not produce enough thyroid hormone, causing various health problems. Hypothyroidism doesn’t necessarily prevent you from getting life insurance but can affect your premiums and coverage. In this blog post, you’ll learn what to consider when buying hypothyroid life insurance, including how insurers evaluate your condition, the types of insurance available, and how to increase your chances of affordable coverage. What Is Hypothyroidism and Its Impact On Life Insurance? Hypothyroidism is expected when the thyroid gland does not produce enough thyroid hormone. These hormones regulate metabolism, energy levels, and overall health. Not having enough thyroid hormone can lead to fatigue, weight gain, depression, and other symptoms affecting your quality of life. When it comes to life insurance, hypothyroidism can affect coverage and premiums. Insurance companies consider

SIPP vs. ISA: Which is the Best Investment for You?

Are you considering investing your hard-earned money and looking for the best investment vehicle that fits your needs? If so, you may have come across SIPP (Self-Invested Personal Pension) and ISA (Individual Savings Account) as two of the most popular ways to save for retirement or grow a nest egg. But what should you know about each one before making your choice? In this post, we will compare SIPP vs. ISA in terms of their features, advantages, and disadvantages to help you make an informed decision that’s right for you. SIPP Investments: What Are They? How Do They Work? SIPP (Self-Invested Personal Pension) investments are pension accounts that UK residents can use to save for retirement. These investments offer a wider range of assets, such as stocks, bonds, mutual funds, and property. Unlike traditional workplace pensions, where the employer selects the employee’s investments, SIPP investments give individuals greater control over their pension funds. This means that investors can

VTI vs. FZROX: Comparing Two Popular U.S. Total Stock Market ETFs

It’s no secret that staying on top of the ever-changing world of finance can be a complex and time-consuming task. When choosing investments, so many options are available, making it difficult for investors to determine the right course of action. For those looking to stay diversified through ETFs while investing in U.S stocks, two popular choices include Vanguard Total Stock Market (VTI) and Fidelity ZERO Total Market Index (FZROX). In this blog post, we will compare both ETFs as potential investments, exploring whether one is superior to the other or if both have their merits when building a portfolio. What Is VTI? Let’s Talk About It: Vanguard Total Stock Market ETF (VTI) is an ETF that tracks the performance of the entire U.S. stock market. It holds a diversified portfolio of stocks from large, mid-sized, and small U.S. companies and is managed by Vanguard, a renowned investment company globally. Investors can gain broad-based diversification in the entire U.S. equity market by inv

Vanguard vs. InvestEngine: Which is the Best Value ETF Platform?

In general, there has been a lot of misinformation lately about Vanguard’s cost advantages and comprehensive offerings. Aside from the comments on the internet and YouTube videos, it is important to note that there is a lack of comprehensive guidance on this issue. We bring together the research to provide you with detailed information on this topic. In the meantime, we will also include the necessary research for investengine vs vanguard here. What is Vanguard? An established trading platform, Vanguard is renowned for its low fees and wide range of investment products, including ETFs. With an average annual fee of just 0.09%, investors benefit from higher returns as a larger portion of their funds are invested, while a smaller amount is lost to fees. Vanguard’s comprehensive selection of index funds and ETFs covering a variety of asset classes allows investors to build a diversified portfolio. In addition, Vanguard provides a wealth of tools and resources to help investors make infor

Crypto Wallet to Wallet Transfers: Are They Taxed?

Investing in cryptocurrency has been a popular trend in recent years, as cryptocurrencies provide increased liquidity and decreased fees compared to traditional currencies. While the gains associated with trading crypto can accumulate quickly, one important question must be answered before you start making profitable trades: is sending crypto to another wallet taxable? To help answer this common question, let’s look at whether transferring funds from one crypto wallet to another triggers any tax implications. Taxation in Cryptocurrency in General: The rules for taxing cryptocurrencies can differ based on where you are located. Every jurisdiction has its own regulations. Generally, cryptocurrencies are seen as property from a tax perspective. This implies that any action associated with buying, selling, or exchanging cryptocurrencies could create a tax obligation. In the US, the IRS considers cryptocurrencies as property for tax purposes. Hence, if you sell or exchange your cryptocurren

Here’s Why Protocol-Owned Liquidity Is the Future of Web3

As the dawn of Web3 grows nearer, the need for decentralized applications (dapps) and businesses to offer secure, low-cost liquidity services is becoming increasingly apparent. To meet this future need, crypto protocols that own their own liquidity pools are gaining traction in the blockchain space – offering everything from a provable source of capital to open marketplaces and alternative business models. In this blog post, we’ll examine why protocol-owned liquidity represents an exciting advancement in economic scaling and financial ecosystem development within Web3 technology. We’ll explore some of its benefits, how it works, and why it’s become such an important part of blockchain finance today What Is Protocol-Owned Liquidity? Protocol-owned liquidity is when a DeFi protocol, like a DEX, keeps some of its own liquidity in its smart contracts. This provides trading pairs and maintains enough liquidity for new assets listed on the protocol. A DeFi protocol can ensure enough liquidit

VEA vs. VXUS: A Global ETF Showdown

For global investors, there’s an abundance of Exchange Traded Funds (ETFs) to choose from when navigating the ever-changing markets. While this variety can be advantageous for diversifying strategies, it also presents the challenge of selecting ETFs that will perform well and meet individual investment goals. In this blog post, we’ll explore two popular international ETFs: VEA and VXUS – what they offer in terms of benefits, drawbacks, and differences in their framework – all while keeping a careful eye on pricing models as you look toward making a decision about which one is right for your investment portfolio. What Is VEA? What Are Its Pros and Cons? VEA is an exchange-traded fund that invests in companies located in developed markets outside the US. It aims to track the performance of the FTSE Developed All Cap ex-US Index, which covers over 3,800 stocks from 24 developed countries such as Japan, the UK, and Canada. ETFs like VEA provide investors with a simple and cost-effective wa

How to Start Your Own Crowdfunding Platform in 2023: Tips and Tricks

Crowdfunding has become increasingly popular in recent years as a powerful way to finance projects. Having the ability to raise funds for anything from creative endeavors to start-up businesses is invaluable, and it can be done relatively inexpensively with platforms that are accessible online. If you have an ambitious idea or project of your own but don’t have access to traditional funding sources, starting your own crowdfunding platform may be the solution you need. In this blog post, we will provide essential tips and tricks on how to do just that in 2023. What Is Crowdfunding? Crowdfunding enables entrepreneurs and other creators to access a much larger pool of potential donors or investors through the Internet by bypassing costly traditional funding sources, such as banks and venture capitalists. This practice involves raising smaller amounts from an extensive group of people for any particular project or venture. FOR MORE INFO: https://fincurrency.net

Beldex Price Prediction 2023-2030: Factors and Projections

Beldex is a privacy-focused cryptocurrency that aims to provide its users with secure and confidential transactions. As with any cryptocurrency, the price of Beldex is subject to various market factors, including adoption, competition, regulatory environment, and overall market sentiment. In this article, we will discuss the factors that could impact the price of Beldex and make price predictions for the years 2023 to 2030. Beldex Price Predictions 2023: In 2023, Beldex is expected to continue its upward trajectory, with many analysts predicting it could reach $0.22. This is based on the assumption that the cryptocurrency market will continue to grow and that Beldex will continue to gain popularity among businesses and investors. FOR MORE INFO:  https://coinindexnews.com/beldex-price-prediction-2023-2030-factors-and-projections/