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GROW Believes Simple is Better for Crypto Finance Management
SINGAPORE, April 16, 2023 /PRNewswire/ — “Decentralization is the essence of crypto and is the fundamental basis of how it solves many tradfi [traditional finance] issues. However, the inevitable trade-off is that it leads to a burdensome user experience, which only increases as you further diversify your crypto holdings, such as using more platforms, exchanges, or wallets,” says Sean Kim, CEO and founder of GROW, a mobile app that allows users to earn crypto rewards. Most crypto users, including GROW customers, use multiple platforms and services for their crypto asset management needs, which results in the burdensome user experience whereby tracking all crypto assets can become a manual and tedious…
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Navigating the Cryptocurrency Landscape: Elbaite Finance Director Shares Essential Tips for crypto first timers
Elbaite finance director Calum Buchanan The logo for Elbaite cryptocurrency exchange Elbaite finance director Calum Buchanan shares his top 5 considerations before making your first crypto purchase. A sound investment strategy should always be based on your circumstances” — Calum Buchanan MELBOURNE, VICTORIA, AUSTRALIA, April 12, 2023/EINPresswire.com/ — As the value of Bitcoin rises once more, many people are considering taking the plunge and investing in cryptocurrencies for the first time. Calum Buchanan, crypto expert and finance director of Elbaite self-custody cryptocurrency exchange, shares five important considerations for new investors. Elbaite crypto exchange enables users to buy and sell cryptocurrencies from their own crypto wallet, giving users complete control over…
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Former broker accused of $1 million crypto fraud
A former FINRA-registered broker and investment banker accused of manipulating his friends, former college classmates and industry colleagues out of at least $1 million in a crypto scheme with Ponzi trappings has been indicted by federal authorities. Last week, 27-year-old Rashawn Russell was charged with perpetrating a cryptocurrency investment fraud scheme in the United States Attorney’s Office for the Eastern District of New York. The former Deutsche Bank investment banker faces a maximum of 20 years in prison if convicted. The Commodity Futures Trading Commission also filed a civil enforcement action against Russell. “As alleged, Russell turned the demand for cryptocurrency investments into a scheme to defraud numerous investors in…
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How Financial Advisors See Crypto in 2023
Dear Bankless Nation, It’s been an uphill battle getting the establishment to embrace crypto, but despite a rocky 2022, it’s clear that the asset class has become too big to ignore. To get a deeper understanding of how America’s financial advisors are thinking about crypto in 2023, after FTX contagion wreaked havoc last year, we tapped our friends at Bitwise to unpack their latest report on the topic, done in partnership with VettaFi. Below, they dig into 6 key findings from the survey of financial advisor attitudes toward crypto assets. – Bankless team 👉 Immutable is powering the next generation of web3 games ✨ Guest Writer: Ryan Rasmussen, Bitwise Research…
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Regulating crypto would legitimize it, causing wider harm: Economist
In the wake the FTX collapse, phone calls to regulate crypto have amplified amongst U.S. lawmakers. But carrying out so would confer legitimacy to the crypto industry, a prominent economist argued this 7 days, and that in flip could lead to much more prevalent financial destruction. Stephen Cecchetti, an economist and professor at Brandeis Global Small business School, pointed to the overall economy in just World of Warcraft, an on-line video video game with millions of players. “The strongest argument, I believe, in opposition to regulation is about conferring legitimacy,” he claimed at a crypto discussion hosted by the Brookings Establishment. “I consider of a large amount of this stuff…
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This Is Your Chance to Get Out of Crypto, Says Renowned Analyst
Several analysts warn that this might be the time to get out of crypto, even as the collapse of FTX sends shockwaves through the crypto markets. Television host and author Jim Cramer commented on the recent crash in crypto prices after discussing the news that the FTX exchange was insolvent. Cramer also urged those watching to take advantage of the slight rebound in prices to get out of the market. Analysts warn of extended crypto bear market “We have individuals who are in these things right now. And you’re getting a huge move up because of the CPI. That’s your chance…Please sell something or get off margin,“ Cramer pleaded. Cramer’s…
