London, Global Crypto Hub, Is Crypto Dead?, Amazing Tamadoge

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with conceivable and unimaginable market opportunities, often with mobile at the center of Art in Gaming. S3722

The crypto generation

40% of US millennials surveyed have invested in cryptocurrencies, which is a higher proportion than those who own mutual funds, according to an Alto poll. own cryptocurrency. According to the survey, nearly the same percentage of people own individual stocks. 70% of Hodlers have included digital assets in their Individual Retirement Accounts (IRAs). The vast majority of Americans in this age group who do not own cryptocurrencies plan to enter the ecosystem in the near future. It should be noted that real estate remains the most attractive investment option for American millennials as 77% said they would allocate money to real estate. 67% said they would get into innovation funds, while 55% said angel investing was a great alternative.

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Implication of crypto in the climate and energy in the US

the White House released a report on crypto mining calling on the industry to take action to reduce its impact on the environment and suggesting possible executive action or legislation is needed. Government agencies such as the Environmental Protection Agency must provide technical assistance and initiate a process of collaborating with states, communities, the crypto asset industry and others to develop environmental performance standards that are effective and evidence-based for the responsible design, development and use of eco-friendly crypto asset technologies.

Using Crypto to Solve the Energy Crisis

Energy startup Tesseract has raised a $78 million funding round led by Balderton and Lakestar. The company is investigating how it can use tokens to offset customers’ energy bills. It plans to purchase and build renewable energy sources for direct resale to the customer. Tesseract, a startup co-founded by former Revolut chief revenue officer Alan Chang, plans to use crypto to solve the UK’s energy crisis. This financing model also means that energy users can pay the energy producers directly, rather than through one of the huge brokers at the heart of the current setup.

Behind every successful protocol is a strong stablecoin

Curve’s own stablecoin crvUSD is fast approaching, as the interface code was released on Github this week and confirmed two weeks ago by founder Michael Egorov. Details of the design of crvUSD are not yet known, but it is likely to be an oversized crypto stablecoin. Another example, in July. Aave announced its own stablecoin GHO, which was passed unanimously in a board vote in August.

Binance announced Monday that it will automatically convert three stablecoins USDC, USDP (Pax Dollar) and TUSD (TrueUSD) on its exchange to its own native stablecoin BUSD by the end of September, to improve liquidity and capital efficiency for users.

the crypto crisis will continue

As the crypto market prepares for Ethereum Merge, KPMG analysts have predicted that while investments in cryptocurrencies and blockchain technologies continue to decline, they are yet to see a bottom and expect the slowdown to continue. KPMG analysts have noted that the current macro environment means crypto is being traded more as a risky asset, with a close correlation to broader markets.

Meanwhile, Britain’s Chancellor of the Exchequer Richard Fuller said the country aims to “become the country of choice for those who want to create, innovate and build in the crypto space.” According to Fuller, the government wants the UK to become the “dominant global hub for crypto technologies.”

FED Announcement and Crypto Markets

As you may already know, the FED will announce its plan to fight inflation later today. Rising consumer prices and skyrocketing utility bills have already pushed inflation to an average of nearly 10%, and if nothing is done, prices will continue to rise indefinitely. The FED’s rate hikes are likely to ramp up after today’s announcement, driving even more investors away from digital assets. The Fed faces one of the greatest challenges in modern history. The current global situation has turned into a perfect storm for most markets, pushing consumer inflation to new all-time highs. As a result, the Federal Reserve has raised interest rates three times this year to a total of 0.75 points. The trend is likely to continue today as we expect yields to rise another 0.25 points. The Fed’s goal is to bring inflation down to 2%, which will require raising interest rates at least four times a year, and this trend is expected to continue into 2023.

If stock markets fall, crypto markets are likely to follow. If the FED signals further rate hikes in 2023, crypto markets will not fare well. Many altcoins will lose liquidity and may suffer a fate similar to LUNA coins.

tamadoge

The good news is that some blockchain projects are resisting the current situation. For example, the latest meme coin, Tamadoge, is already bringing in big profits even though there are still months until its official release. Once it goes live, the platform is expected to become the top performer in the crypto ecosystem this year. The number of new investors continues to grow every day and Tamadoge has quickly become the most promising cryptocurrency in the markets. It’s also the first project in the niche in a metaverse and built around features like Play-to-Earn mechanics, a native NFT store, and more.

Tamadoge has 2 billion pre-mined tokens. 50% is available for presale, 45% is locked in for liquidity, while the remaining 5% is incinerated. TAMA tokens are used for all transactions within the Tamaverse. 5% of all tokens used in a month are also burned, while 65% are returned to token holders through a reward system. Decreasing supply and increasing demand will likely cause prices to rise steadily, which will set TAMA tokens apart from most others on the market.

Is cryptocurrency dead?

This year’s crypto market crash was the worst in the short history of the asset class. What is certain is that there will be a fundamental shift in the crypto market in the coming years. The past two years have been great for mainstream crypto exposure. At this point, everyone has at least heard of Bitcoin. When Satoshi Nakamoto introduced Bitcoin to the world in 2008, the pseudonymous programmer probably didn’t make anything up like we saw during the peak of the crypto bull market. At its core, BTC was designed as a transaction method for those without a bank account. Bitcoin is an alternative to fiat, allowing users to operate outside the control of central banks.

Is Crypto Dead After This Recent Crash? No, not from an innovation perspective. The trap investors fall into when switching stocks to crypto is believing that crypto developers care about coin prices just as much as traditional companies care about shareholders and stock prices. This is not the case. In fact, it’s common for drafts to prohibit talking about price speculation on official channels. There is a lot of innovation, the playing field is being built! Ethereum is about to make its biggest update and Cardano will soon follow with its own hard fork. Ripple (XRP-USD) is also working closely with banks to implement a new global standard for banking reporting.

Is cryptocurrency dead? comes down to a simple framing. Are you an investor looking for a 10x investment in a speculative token with no practical use case? Do you buy an art NFT and bet on a celebrity to get theirs from the same collection? If so, the answer to the question “death” is probably yes. Especially since almost every country now regulates crypto, especially the United States. The US Securities & Exchange Commission is cracking down on the plans, especially in the wake of the crash.

Crypto investing is not quite dead. But it is certainly much less beneficial for those who are only interested in speculative investing and the potential for huge profits.

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