Coinspeaker Maya Preferred 223 Team ExpandingToday Maya Preferred 223 officially announced on their Twitter, that the project’s team was added with a new member, German Hugo Lopez Alday. In the company’s structure, German Lopez will join the board of directors to be in charge of the public sector, working on the first hand with assets that are backing the company’s stablecoin, MAPR, with gold and silver.German Lopez has almost 30 years of serious management experience in the Mexican mining industry, mostly in Guerrero state:1991-1993 – General director of the administration and finances of the secretary of education, Guerrero (S.E.G.)1994 – General Director of “Abastecedora Golfo Pacífico S.A. de C.V”.2001 – General Director of “Constructora Inmobiliaria Tlalpulli S.A. de C.V”.2002 – German Lopez started mining activities as part of the “Cooperativa de mineros y gambusinos de Guerrero”2008 – Chairman of the Advisory Committee of the federation of miners and metallurgists, and similar to the State of Guerrero A. C.2015 to date – Secretary-General of the Association of miners, metallurgists and prospectors of Guerrero A.C.2016 to date – Vice President of Mining of CANACINTRA Chilpancingo Delegation.2019 – Vice President of Mining of the business coordination council, C.C.E.; Delegate and common representative of the Mining Association, Federation and Cooperative; Member of the National Convention.Maya Preferred 223 team keeps expanding after the recent forward split, which dropped the price of a stablecoin, which at one time was the most expensive at the crypto market, 100 times. Shortly before German Hugo Lopez Alday, another prominent executive joined the team. Alejandro Lambarri, CEO of Global Payment Solutions, and ordained Knight Templar in Vatican City is now serving as an ambassador and General Representative of Maya Preferred 223 for Latin America.Maya Preferred 223 (MAPR) is a stablecoin, backed with 11 silver and gold assets, located in Mexico. After the first appearance on the exchange (FatBTC) at the end of March 2019, it’s price was rapidly growing, increasing fifteenfold to the end of July. After the value of one MAPR surpassed $25.000, U.K. Financial Ltd., a company, developing Maya Preferred 223, decided to conduct the first-ever crypto forward split, lowering the price of stablecoin 100 times to .Maya Preferred 223 is traded on Cat.ex, FatBTC and Saturn exchanges. At the moment of writing the price of MAPR is about 0.025 BTC, equal to $253,1.Recently Maya Preferred 223 announced the launch of a loyalty program. Coin holders who buy at least 0.20 MAPR will receive free monthly airdrops of Maya Coin, another currency, developed by the same team and currently traded on Cat.ex and Saturn exchanges for $1 per coin.Maya Preferred 223 Team Expanding
Coinspeaker IEO HUBREX Project – Your Crypto Exchange with Liquidity for the Week!Unfortunately, in years gone by, establishing and developing a cryptocurrency exchange has been extremely difficult, often costing between $500,000 and $2m. This doesn’t even bring maintenance and lack of liquidity into questions, which together almost negate any potential profit or any possibility to compete with the big players.However, HUBREX is now committed to reshaping the entire industry.HUBREX invites everyone to get their own crypto exchange at the cost of a small number of project tokens. All HUBREX crypto exchanges within a single liquidity, with each participating service being able to have their own branded interface and individual tokens, as well as technology, support, and liquidity.Each individual party can control their own stock exchange, costs of balances, commission management, hot and cold wallets, client accounts, and more. The adaptive design trading terminal, convenient client area, and highlevel security, the mobile application is built specifically to attract and, most importantly, retain customers.All applications sent in a single pool of liquidity are divided into two types, maker and taker. Maker refers to limit orders that form instrument liquidity in the order book, with each one executed providing 0.08% of the transaction volume. Meanwhile, take refers to market orders, with a cost in the general liquidity pool of 0.1%.Each participant with a new exchange in the pool can get one-click access to the HUBREX single liquidity pool, choosing their own strategy. HUBREX Liquidity Revenues The Liquidity Provider strategy implies the formation of market maker algorithms, automating them using the builtin API as well as awarding own clients for limit orders as part of the positive commission principle for a part of the reward. Therefore, you always earn with a warrant from your exchange perform.The HUBREX team is constantly on hand to monitor all the latest trends, figures, and patterns, updating the product with the very latest modules. The software can subsequently be used within a number of different spheres, including platforms using crypto-software, exchangers of digital assets, crypto currency portals, forums, news feeds, and blogs, as well as individuals and companies implementing a separate business in the form of a cryptocurrency exchange.The HUBREX project will now release 5,000,000.00 of ERC20 tokens, which will be distributed in several rounds of IEO on IQFinex crypto exchange. Immediately after the purchase of tokens, you can buy your own crypto exchange, mobile application and start using the amazing software.The first round started on August 19, 2019. In order to participate, you must go through a simple registration procedure and KYC. For early participants in IEO, special conditions and a significant token discount are provided.Interface of exchangeComparison of its development and purchase for HUBR tokens:IEO HUBREX Project – Your Crypto Exchange with Liquidity for the Week!
Coinspeaker Santander Group Plans to Bring Ripple-powered Remittance Service to Latin AmericaAlthough XRP has been a poor performer so far in 2019, Ripple‘s blockchain-based money transfer and remittance solutions continue to make progress. Santander Group, the Spanish banking giant, recently said that it plans to expand its Ripple-powered remittance services to Latin America.Speaking to CoinDesk, Santander said that it wants to create a “payment corridor” allowing its customers in Latin America to instantly send money to the U.S. Santander will provide this facility using Ripple One Pay FX solution that uses Ripple’s xCurrent software.At present, only Spainish and British customers can send money to the U.S. using the One Pay FX solution. Santander hasn’t revealed explicitly how many Latin American countries would join. However, the “payment corridor” would include countries like Uruguay, Chile, Brazil, and Mexico.Santander Incorporating Ripple SolutionsThe ties between Santander Group and Ripple date back to last year when the banking giant introduced the One Pay FX to four countries namely Poland, the U.K, Spain, and Brazil. These four countries contribute to more than half of the bank’s profits.Speaking to CoinDesk, Cedric Menager, CEO of One Pay FX, said:“Customers who were not doing international transfers are now using the service, customers who were using international transfer are now doing it more, and customers who had gone to use fintech competition have come back because of the One Pay offering.”Ripple’s xCurrent solution holds leverage over the traditional SWIFT banking solutions when it comes to instant international transfers. Besides, the xCurrent solution has a negligible fee and provides a view into the currency exchange rates before sending the money.Note that Ripple’s xCurrent solution uses the company’s blockchain network to facilitate transactions, but it doesn’t involve the use of its native cryptocurrency XRP.Registering Massive Growth Using One Pay FXSantander has witnessed massive growth by using the One Pay FX solution. The banking giant said that its volumes have tripled in six months between January 2019 and June 2019. On the other hand, the bank’s volumes for Spain have surged by 120 percent year-over-year in April 2019.Speaking about the Latin America expansion, Menager said:“The international payment experience in the Latin American markets is even less evolved than in the European markets. There are even parts of the Latin American market where it’s almost impossible to do an online international payment.”The “payments corridor” launch will take place country-by-country. The bank has yet to announce the first Latin American country where they would start the process.Besides, the Santander Group is also working on another solution dubbed Pago FX. This will be xCurrent-based payments product for international payments for non-Santander customers. “International payments is a way for us to acquire customers having a painful experience with traditional banking,” noted Menager.Santander Group Plans to Bring Ripple-powered Remittance Service to Latin America
Coinspeaker Binance Launching “Venus” as a Direct Competitor to Facebook’s LibraTop cryptocurrency exchange Binance announced they’re planning to initiate an open blockchain project dubbed Venus. The project is presented as an initiative made in order to develop localized stablecoins and digital assets pegged to fiat currencies across the globe.From Binance they said they are looking to create new alliances and partnerships with governments, corporations, technology companies, and crypto companies and projects involved in the larger blockchain ecosystem. The goal is to authorize developed and developing countries for stimulating new currencies.They wrote in their blog:“With its existing global blockchain ecosystem, Binance has already reserved its public chain technology and cross-border payment system for secure operations of new stablecoins.”Their Binance Chain has been running in a pretty secure manner from when they’ve launched last April, and has issued numerous stablecoins. We can just mention BTC-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British pound. At the time of writing, their Binance coin (BNB) was up 2.77% to $28.85.From the company they said they will provide “full-process technical support, compliance risk control system and multi-dimensional cooperation network to build Venus, leveraging its existing infrastructure and regulatory establishments”.It seems horoscope is becoming pretty popular when giving names to its own cryptocurrency.The new and aspiring venture seems to be competing directly with Facebook’s Libra and with its choice of name, “Venus,” Binance is joining both Facebook’s Libra project and the Winklevoss twins’ Gemini exchange and Gemini dollar.Binance’s statement in Chinese also compares the project to a “regional version of Libra” .Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra”Totally nailed it 💯💯💯 pic.twitter.com/RqfaPH8zE1— Dovey Wan 🗝 🦖 (@DoveyWan) August 19, 2019Binance co-founder Yi He said they going to launch Venus cryptocurrency because they are already present in several countries, have their native blockchain Binance Chain in place, as well as they hope to break the “financial hegemony” and reshape the world’s financial system.She said:“We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy. We hope to achieve a vision, that is, to reshape the world financial system, allow countries to have more tangible financial services and infrastructures, protect their financial security and increase the economic efficiency of countries.”Because there are two versions (English and Chinese) some are not too sure what the company is trying to do.Very wild and very vague.After reading both Chinese and English announcement, I still don't get what problem @binance is trying to solve this time. Or just to copy $libra ?@cz_binance mind enlightening more?— Jessica.Z @OKEx (@jessyuer) August 19, 2019It seems that different from Facebook’s Libra, Venus, should not face regulatory block, as the announcement explained that Binance has a regulatory network around the world and that it plans to establish a global, multi-dimensional customer network and compliance system. Some of the countries that have accepted cryptocurrencies include Malta, South Africa, Singapore, etc.Be it as it may, the interesting is that as a prophet, David Marcus predicted this situation saying (being rifled by the U.S. Congress):“You have to understand, that, if we don’t lead in this space – others will. Libra is alternative with which consumers will have ability to use the wallet. If we stay put, in 15 years, we’ll have half of the world operating on blockchain technology, and half of the world will be blocked. we don’t want that.”It seems Binance decided to do – just that.Binance Launching “Venus” as a Direct Competitor to Facebook’s Libra
Coinspeaker Silvergate Bank Plans to Offer Crypto Loans to Institutional ClientsSilvergate Capital Corporation, the corporation standing behind Silvergate Bank, recently filed an S1/A form with the United States Securities and Exchange Commission (SEC) where they note that they have found the niche of crypto loans attractive for them. They noted: “We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer relationships and further enhance our interest income.”Within the document the firm reveals that they believe there will be significant demand for this type of crypto-related borrowing. Basically, the service would consist of clients providing crypto assets or U.S. dollars as the collateral in exchange for a greater credit. “[The bank will] set a conservative aggregate lending amount to refine the product, and will develop a risk framework to minimize risk and further develop lending models over time,” explained the company.Additionally, the company shared anticipation towards offering crypto-related products to their institutional customers this year. Also, the bank revealed that their clients have been demanding to be more involved “in the custody and transfer of digital assets between customers”.Silvergate Bank is considered to be a crypto-friendly bank since they have worked some of the early cryptocurrency startups like Kraken, Gemini, Paxos, and bitFlyer. The company also have designed a proprietary payments network, called SEN, which is specifically designed for digital currencies.This, according to the company, would play a large role within the credits/loans product.“For example, an exchange client could hold the digital currency collateral, we could use the SEN to initially fund the loan from our balance sheet, and in the event of a collateral deficiency, we could immediately sell the digital currency collateral through our exchange client and use the SEN to bring the resulting funds back to our balance sheet,” added the company.Within the filing, the company also shows that payments through SEN have doubled since the last filing. It went from $4,1 billion in Q1 2019, to $8,6 billion in Q2 2019, which is a massive growth by more than a half. Also, in 2018, the company’s deposits which are derived from crypto customers have increased by 11,4%, or $150.4 million.In general, the firm believes that the credit solution along with their payments system SEN will provide “greater capital efficiency for institutional investor clients that wish to transact without needing to move liquidity on and off different exchanges.”Silvergate Bank Plans to Offer Crypto Loans to Institutional Clients
Coinspeaker Fidelity Charitable Receives over $100 Million in Crypto DonationsFidelity Charitable has accepted cryptocurrency donations since 2015. As the company revealed late last month, in total, it has received more than $106 million in cryptocurrencies, mainly in Bitcoin.The overall number of crypto donations has dropped year by year, the annual report, which was published last month, discloses. The largest amount of donations Fidelity‘s charity arm received during 2017, when Bitcoin and other cryptocurrencies experienced their all time high’s in terms of price against the dollar.In total, the company received around $69 million in crypto assets in 2017. This donation pace, however, dropped during 2018, when the crypto markets experienced a slow decline in prices. In 2018, Fidelity received around $30 million in crypto donations. “We see cryptocurrency donations rise along with increases in the value of cryptocurrencies in the marketplace,” noted a representative from Fidelity Charitable.This kind of the tendency would be considered as normal, because when the crypto prices are rising, the holders of those assets tend to spend their holdings more than compared to times when the asset price is falling. The company thinks this is related to the diminishing value of tax deductions that the donators would be able to claim. It was revealed by the marketing head at Fidelity Charitable, Amy Pirozzolo.She says that those investors who donate their proceeds don’t have to pay capital gains on them and can write these donations off against their income tax.According to Pirozzolo, Fidelity even suggests their clients to “give their most depreciated assets first… because it provides the best tax advantages for the donor and charity”.And based on this, when thinking about new assets to add, the company often chooses the top performing cryptocurrencies. That way, Fidelity Charitable is always “keeping their hand on the pulse” of the crypto markets.“One thing we’re committed to is helping donors choose the most tax efficient asset to give to charity,” says Pirozzolo.However, while Bitcoin and Ethereum are the main crypto assets that Fidelity Charitable receive from donors, they also have communicated on Twitter back in May, that they would also accept donations in XRP in addition to BCH and LTC.“The majority of our contributions to date have been bitcoin, however we have also seen growing numbers of donations in ethereum,” said a representative from Fidelity Charitable.While this year, the crypto markets have experienced both upwards and downwards movements, the company hasn’t received much attention from crypto donors. In fact, the crypto donations have fallen in the recent months, according to Pirozzolo, but she believes that the most charitable time of the year is the second half. Fidelity Charitable Receives over $100 Million in Crypto Donations
Stellar lumen price extended its decline below the $0.0750 and $0.0700 supports against the US Dollar.
XLM price is currently correcting higher, but it is facing many resistances near $0.0725.
There is a crucial bearish trend line forming with resistance near $0.0740 on the 4-hours chart (data feed via Kraken).
The pair could either continue to recover above $0.0750 or it might resume its decline to $0.0600.
Stellar lumen price is trading below many key resistances near $0.0750 against the US Dollar. XLM price needs to gain strength above $0.0725 and $0.0750 to continue higher.
Stellar Lumen Price Analysis (XLM to USD)
This past week, stellar lumen price declined heavily below the $0.0800 support area against the US Dollar. The XLM/USD pair even traded below the $0.0750 and $0.0725 support levels. Moreover, there was a close below $0.0725 and the 55 simple moving average (4-hours). Finally, the price broke the $0.0700 support level and traded to a new monthly low at $0.0651.
Recently, it started an upside correction above the $0.0680 resistance. There was a break above the 23.6% Fibonacci retracement level of the last major drop from the $0.0796 high to $0.0651 low. Additionally, the price climbed above the $0.0700 resistance. However, the bulls are currently facing a strong resistance near the $0.0720 level and the 55 simple moving average (4-hours).
Besides, the 50% Fibonacci retracement level of the last major drop from the $0.0796 high to $0.0651 low is also aligned near the $0.0724 level. More importantly, there is a crucial bearish trend line forming with resistance near $0.0740 on the 4-hours chart. Therefore, the price is likely to face a strong resistance near the $0.0725 and $0.0740 levels.
A successful close above the $0.0750 resistance is needed for upside continuation. The next key resistance is near the $0.0768 level, above which the price might surge towards the $0.0815 level. Conversely, the price could start a fresh decrease from $0.0725. An immediate support is near the $0.0680 level and a connecting bullish trend line on the same chart.
The chart indicates that XLM price is clearly forming a breakout pattern with resistance near $0.0740 and support near $0.0680. As long as the price is below the $0.0725 level and the 55 SMA, there is a risk of a downside break in the coming sessions. On the other hand, a convincing close above $0.0725 and $0.0740 might pump the price above $0.0750 and $0.0768.
4 hours MACD – The MACD for XLM/USD is showing positive signs in the bullish zone.
4 hours RSI – The RSI for XLM/USD is currently moving lower towards the 50 level.
Key Support Levels – $0.0680 and $0.0650.
Key Resistance Levels – $0.0725, $0.0740 and $0.0750.
The post Stellar Lumen (XLM) Price Facing Uphill Task Below $0.0750 appeared first on Live Bitcoin News.
Coinspeaker ‘New’ Satoshi Nakamoto Discloses Details about Himself and Bitcoin in First of 3 Days of RevelationWhen publishing some text online, some media have the habit/rule to write approximately how long the read is – with the reason we should say. Let me tell you this, reading the first part of the “Real Satoshi Revelation” took me approximately 3,5 minutes (you’ll see it’s an utter need to skip some parts in order to remain sane) so this text is for all of you who want to save some of your precious time.But first, let’s see who is this Ivy McLemore “real Satoshi” decided to open his soul to. As per his LinkedIn, Ivy is “ PR and Marketing Specialist Focused on Creating and Distributing Content to Help Clients Succeed”. Before setting up his own PR agency he worked for financial company Guggenheim Partners and investment company called Invesco Ltd.He said that they had been retained by Satoshi Nakamoto Renaissance Holdings in order to “support the revolutionary new company’s commitment to provide superior blockchain technologies to help transform people’s lives”.McLemore added that this is about advancements in blockchain technology since Satoshi Nakamoto published his seminal whitepaper.He said:“The focus of our digital marketing and public relations efforts for our newest client will be the creation and distribution of insightful, thought provoking content that attracts and engages investors, provides overall value, and builds public trust.”What is actually interesting is a part of which we yesterday reported that in “no way” this is the PR stunt but a real reveal of the Satoshi’s identity.To be clear, PR here is Pump Request, not Pomp Request or Pull Request.— Yang Ventures (@YangVentures) August 17, 2019Well, guess what? “Satoshi” still hasn’t revealed his real identity although he mentions that his nickname as a child was Shaikho. Of course, as every bad commercial says: don’t go yet. If you stay and read my bull**** for two more days I will disclose my real identity.Apparently, the real Satoshi, a.k.a. Shaikho, is now living a good life somewhere in the U.K.The son of a banker who had worked at United Bank Limited, a Pakistani multinational bank claims the idea of creating Bitcoin came to him after he saw how dirty corruption happens in legacy banking.Per Shaikho, as Bitcoin is allegedly now being used for illicit activities and money laundering, Shaikho lost all of his young delusions and therefore agreed to come out.Of course, Shaikho didn’t forget an old’ friend of his. As per his words, his “closest ally and mentor” was deceased computer scientist Hal Finney for who many in the crypto world believe was the real Satoshi Nakamoto.Shaikho claims that he and Hal Finney started working on a peer-to-peer electronic cash system, that will later become known as Bitcoin, from 2006 to 2008 using numerology to encrypt many of the decisions.Finney was the first person to ever conduct a Bitcoin transaction and allegedly posted the very first tweet about Bitcoin in January 2009.Running bitcoin— halfin (@halfin) January 11, 2009Looking at ways to add more anonymity to bitcoin— halfin (@halfin) January 21, 2009So, seeing how banks controlled people’s money, young Shaikho wanted to change this. His mission was creating something that would enable an ordinary person to access money without involving the big banks.It does remind somewhat of Facebook Libra’s David Marcus hearing when Shaikho says that he:“wanted to empower the poor person, empower the little man, and create something that was accessible as the people’s money – the people’s bank with no boundaries, no nationalities, and no discrimination – where nothing was controlled by the government and where no one dictated and destroyed people for the sake of misplaced politics.”Moreover, he adds:“Even a poor kid with limited education could potentially reap the benefits from Bitcoin whilst sitting in China, India or Africa. I was driven to create something that would change finance and the banking world forever and would give people the power, taking away the central banks’ control.”He also explains the very original reason for the name of Bitcoin. He claims the origins came because he was obsessed with bringing back the “Bank of Credit and Commerce International” name to its glory days when his father founded it back in 1972.While structuring then yet “unnamed” decentralized digital currency he looked at the name and there was it:Photo: Ivy McLemore BlogLitecoin’s creator Charlie Lee just left one comment:Satoshi Nakamoto brought to the world an open-source, decentralized, trustless, censorship-resistant currency based on math and cryptography.If Satoshi wanted to reveal himself, he would sign a message with the genesis key. Anything short of that is most likely fraudulent.— Charlie Lee [LTC⚡] (@SatoshiLite) August 17, 2019Be it as it may, we’ll see what will Shaikho greet us today with. Even though his nickname may have roots in Pakistan, we could agree that it sounds more “psycho” than ever.‘New’ Satoshi Nakamoto Discloses Details about Himself and Bitcoin in First of 3 Days of Revelation
Ripple price started a strong recovery after trading as low as $0.2498 against the US dollar.
The price is currently trading with a positive angle above the $0.2700 pivot level.
Recently, there was a break above a major bearish trend line with resistance at $0.2805 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
The price is now facing a crucial resistance near the $0.2900 and $0.3000 levels.
Ripple price is gaining bullish momentum above $0.2800 against the US Dollar. However, XRP price must surpass the $0.2900 resistance to continue higher in the near term.
Ripple Price Analysis
This past week, there was a sharp drop in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair traded below the key $0.3000 and $0.2850 support levels. Moreover, there was a close below $0.3000 and the 55 simple moving average (4-hours). The price traded below the $0.2500 level and a new monthly low was formed near $0.2498.
Recently, the price started an upside correction above the $0.2650 and $0.2700 resistance levels. There was a break above the 50% Fib retracement level of the major decline from the $0.3061 high to $0.2498 low. Moreover, there was a break above a major bearish trend line with resistance at $0.2805 on the 4-hours chart of the XRP/USD pair. It opened the doors for more gains above $0.2800 and the 55 simple moving average (4-hours).
However, the price faced a strong resistance near the $0.2900 area (the previous support area). Additionally, the 76.4% Fib retracement level of the major decline from the $0.3061 high to $0.2498 low is acting as a resistance near $0.2925. At the moment, the price is consolidating above the $0.2800 level and 55 simple moving average (4-hours). If there is a successful break above the $0.2925 level, the price could surge higher.
In the mentioned case, the price could even climb above $0.3000 and $0.3060. The next stop for the bulls might be near the $0.3190 level. It represents the 1.236 Fib extension level of the major decline from the $0.3061 high to $0.2498 low. Conversely, if there is a downside correction, the $0.2800 level could play an important role.
Looking at the chart, ripple price is clearly facing a strong resistance near $0.2900 and $0.2925. Therefore, it could either surge above $0.2925 or start a fresh decline. The main support below $0.2800 is near the $0.2700 area.
4 hours MACD – The MACD for XRP/USD is showing positive signs in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is currently holding the 60 level.
Key Support Levels – $0.2800, $0.2720 and $0.2700.
Key Resistance Levels – $0.2900 and $0.2925.
The post Ripple Price Analysis: XRP Hesitates But Further Gains Likely appeared first on Live Bitcoin News.
Earlier today, Live Bitcoin News put out an article suggesting that “fear” was the primary emotion surrounding bitcoin and crypto as of late. While greed had significantly dropped given bitcoin’s sudden fall to its greatest lows since November 2018, many have concern about what will happen given bitcoin’s drooping position in the market and where it might go from here.
Love For Bitcoin – Down for the Count
It appears that sentiment is being echoed in several places around the world, making the fear of crypto a global epidemic of sorts. In Austria, for example, a recent survey has emerged to suggest that most people within the county don’t trust cryptocurrencies and don’t see them as the future of money. The survey, jokingly titled “Bitcoin has few friends in Austria,” was released over the past few days and conducted by the financial institution ING.
The company surveyed several regions of Europe, as well as Australia and the United States. According to the survey, most skeptics currently call Austria home. The study reported that only 13 percent of the country’s citizens possess positive sentiment towards cryptocurrencies.
This is odd given that the country recently opened the doors of its new digital trading platform. Known as Bit Panda, the company raised approximately 43.6 million euros through its latest initial exchange offering (IEO). That’s more than $50 million in USD, so obviously someone in Austria thinks crypto has a lot to offer.
Nevertheless, executives at ING stick by their findings and offered this statement following the results:
The ING International Survey shows very clearly what the Austrians value – namely security in payment transactions and investment. Risk or strong price fluctuations want to be avoided as much as possible, so it is not surprising that crypto money does not find fertile ground in this country.
Sentiment for bitcoin and other digital currencies was considerably higher in regions like the United States, where according to the survey, about 31 percent of citizens have positive feelings towards virtual money. Throughout other regions of Europe, sentiment was considerably higher. Among the top-ranking nations were Turkey (with 62 percent positivity towards crypto), Romania (with 44 percent positivity), and Poland (with 43 percent positivity).
Things Are Continuing to Fall
Per ING, Austria felt stronger about crypto last year, with positivity marks roughly three percent higher. While this isn’t a huge difference, it does suggest that attitudes towards virtual coins in that part of the continent are continuing to fall at a steady rate.
The news is strange to say the least, considering the lagging regulations surrounding crypto that countries such as Austria presently face. While no regulation is never a good thing, lessened regulation can lead to very serious opportunities, such as new businesses and economic growth. These enterprises are not yet weighed down by rules that stifle innovation.
The post ING Survey: Bitcoin Love Is a No-Go in Austria appeared first on Live Bitcoin News.