Why Cryptocurrencies Are Not Going Anywhere 0 26

The speed at which people, who opposed digital currencies, are reducing is definitely an indicator that the world trusts this market. It might be new in comparison to other assets out there, but it definitely has an impact. No matter whether you support or don’t support crypto coins, you can’t say that they are not meant to exist for a long time. Those who called this market a fad aren’t saying much now.

If you are already investing in digital currencies, but clouds of doubt continue to surround you, there are many things to look at to boost your confidence in your investment. You can be sure that digital coins are not going to disappear like trendy diets. They solve many economic and financial problems in the world. What could be some other reasons to believe that cryptocurrencies are not going anywhere? Let’s find out.

Number of Cryptocurrencies on the Rise

So, when something is meant to go away within a few days, you can say it does not survive more than a year. Within a year, most of people are fully aware of the reality of the trend. However, you should look at the fact that cryptocurrencies have been around for more than a decade. You can’t say the same for other things that you label as fads or trends. Now, another indicator that something is going away is its decreasing number. You will be surprised to know that digital currencies are only increasing in number with the passage of time.

Bitcoin is the biggest one out there with close to 44% of the lion’s share in its possession. However, according to recent statistics, you have more than 13,000 digital currencies. That number is only going to increase as time passes. The upward trend in the number of the crypto coins has been evident for more than 10 years now.

More Countries Accepting Digital Currencies

You might think that a few countries banning the movement, mining, and use of digital currencies would inspire others to do the same. However, things are quite the opposite. The countries that accept cryptocurrencies, or Bitcoin in particular, are increasing with every passing day. If you are thinking about listing down the countries that accept or do not accept crypto, it would be best for you to write down the countries that don’t accept it. That’s a much smaller list and China and Russia are on it. Vietnam, Turkey, Iran, Egypt, Iraq, and Nepal are among some other countries that ban digital currencies.

Other than that, you have all the countries allowing you to trade cryptocurrencies. Now, if a country does not allow you to buy your daily household items with BTC, it does not mean it that it has banned cryptocurrency. It only means that you cannot buy daily-use items with it. You can use it for trading and other purposes.

Millionaires Investing in Cryptocurrencies

You can’t deny the fact that the big banks, companies, and personalities of the world are interested in digital currencies. You have Facebook’s digital currency called Libra that has gained some traction. At the same time, Elon Musk is a big believer in digital currencies. His favorite digital coins are Bitcoin and Dogecoin. MicroStrategy is a company that has gained BTC worth billions of dollars in just a few months after accepting it since the start of 2021. Mark Cuban also promotes and supports the use of cryptocurrencies. With such names backing the cryptocurrency world, you can be sure that this market is not going anywhere anytime soon at least.

Final Thoughts

It is natural to feel a little uncomfortable at the time of investing in digital currencies. You might feel that they will disappear in the future without you ever knowing about it. However, digital currencies are here to stay. Many banks use them now and some countries even allow you to buy your daily-use items with cryptocurrencies, especially Bitcoin. Now, you have to decide what your reason to doubt the digital currency investment market is.

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MELT, GTC, PAL, and more Cryptocurrencies among Highest Gainers in Past 24-hours 0 16

In the list of highest gaining cryptocurrencies, the cryptocurrency on the top is Defrost Finance (MELT). In the past 24-hours, MELT has observed a 192.83% surge in its price, surging it all the way up to $11.97 per MELT. Similar to the price surge in the past 24-hours, MELT’s trading volume in the past 24-hours has increased to $1,177,520. MELT is currently the 3220th largest cryptocurrency in the crypto-verse in terms of its $1,401,512 market valuation.

The next cryptocurrency coming after Defrost Finance is Gitcoin (GTC). In the past 24-hours, GTC has observed a 171.08% surge in its price, surging it all the way up to $25.56 per GTC. Similar to the price surge in the past 24-hours, GTC’s trading volume in the past 24-hours has increased to $1,199,791,917. GTC is currently the 264th largest cryptocurrency in the crypto-verse in terms of its $363,625,405 market valuation.

The next cryptocurrency coming after Gitcoin is PlayAndLike (PAL). In the past 24-hours, PAL has observed a 168.43% surge in its price, surging it all the way up to $0.0000016 per PAL. Similar to the price surge in the past 24-hours, PAL’s trading volume in the past 24-hours has increased to $52,540. PAL is currently the 4780th largest cryptocurrency in the crypto-verse in terms of its $144,015,382,197 market valuation.

The next cryptocurrency coming after PlayAndLike is Elonomics ($ELONOM). In the past 24-hours, $ELONOM has observed a 131.06% surge in its price, surging it all the way up to $0.02629 per $ELONOM. Similar to the price surge in the past 24-hours, $ELONOM’s trading volume in the past 24-hours has increased to $212,424. $ELONOM is currently the 3934th largest cryptocurrency in the crypto-verse in terms of its $26,633 market valuation.

The next cryptocurrency coming after Elonomics is ICE ROCK MINING (ROCK2). In the past 24-hours, ROCK2 has observed an 85.68% surge in its price, surging it all the way up to $0.01744 per ROCK2. Similar to the price surge in the past 24-hours, ROCK2’s trading volume in the past 24-hours has increased to $67,982. ROCK2 is currently the 2229th largest cryptocurrency in the crypto-verse in terms of its $274,300 market valuation.

The next cryptocurrency coming after ICE ROCK MINING is India Coin (INDIA). In the past 24-hours, INDIA has observed a 128.93% surge in its price, surging it all the way up to $0.0000006419 per INDIA. Similar to the price surge in the past 24-hours, INDIA’s trading volume in the past 24-hours has increased to $452,332. INDIA is currently the 3571st largest cryptocurrency in the crypto-verse in terms of its $3,975,380 market valuation.

Even more cryptocurrencies are joining the ranks of top gainers and among these cryptocurrencies are KING, ALLBI, HIKO, and many more.

Crypto.com is Now First-Ever Exchange that is now Adhering to SOC 2 Standards 0 17

As per the latest reports, Crypto.com has made an announcement in regards to acquiring a new certification. Crypto.com, one of the most popular cryptocurrency exchanges has announced that it is now in full compliance with the SOC 2 standards. Crypto.com is based in Singapore and it has a global user base.

The exchange has announced that it has successfully acquired the SOC 2 certification after a successful audit. The exchange has announced that it had Deloitte carry out the audit prior to granting certification.

Deloitte is a global consulting firm that has been around since 2015, is based in the United Kingdom. It is spread all over the world, currently providing its services in over 150 countries.

The SOC is reportedly a traditional finance standard that is known all over the world. With the acquisition of the SOC 2 certification, Crypto.com has become the first-ever cryptocurrency exchange to have acquired this recognition.

The SOC 2 certification is granted to traditional financial institutions that are considered highly trustworthy in the financial sector. Prior to the granting of the certification, the operations, policies, and information practices of the company are audited and attested. If the particular company is able to pass all the audits successfully, it is granted the SOC 2 certification.

After the acquisition of the SOC 2 certification, Crypto.com has now become the securest and most trustworthy trading platform or cryptocurrencies. The exchange has even earned the title of being the only cryptocurrency exchange that is now SOC 2 certified.

With the acquisition of the SOC 2 certification, Crypto.com has set a new standard that every major exchange would want to achieve. This will increase the standards of the regulatory framework within the cryptocurrency industry. Now, the major exchanges will be competing with each other in order to acquire the SOC 2 certification.

It is being expected that with the acquisition of the SOC 2 certification, Crypto.com will be able to attract a tremendous number of users.

With the SOC 2 standard in its grasp, the exchange can confidently claim to be offering the most reliable services to users. The exchange can offer high regulatory compliance, privacy, and security to the users.

The CEO and co-founder of Crypto.com, Kris Marszalek, talked about the recent achievement of their company. He stated that with the acquisition of the SOC 2 certification, they are able to prove to the world how well their exchange has been working.

Their exchange has finally achieved a new goal, which is going to increase the competition within the crypto-verse. With the new certification, they are now able to offer a lot more to the users than any other exchange.

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