Crypto Resources

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Crypto Marketcap Insights

In an area once dominated by blockchain experts, cryptocurrency

is fast becoming a dining table theme in both developed and emerging economies. More and more people, both technical and non-technical, are embracing the idea of ​​a fully digital and decentralized currency. This new asset class is known to have "intrinsic value" due to its core technology.

Today, cryptocurrencies are fast becoming a popular investment option and compete with time-tested assets such as real estate and stocks. Many leading investors in the market are interested in this new asset class, which shows how much the cryptocurrency will have on global financial markets in the coming days.

This thriving decentralized parallel economy has shocked traditional (read centralized) institutions, such as governments and banks, which, after their initial rejection, had to open a crypto because of the highest global interest and disruptive quality. Meanwhile, the daily use of cryptocurrencies is growing every day due to the strength of decentralization.

Cryptocurrencies are real asset classes. With companies like Starbucks, AT&T and PayPal accepting cryptocurrencies, cryptocurrencies appear to be coming. Although this is a new asset class, the first users have been found in emerging economies

. Due to their decentralized nature and easy movement across international borders, they have become popular in a short time.

South America has recently seen an increase in interest in cryptocurrencies. Countries, especially those with unstable domestic currencies, are experiencing widespread interest from local users. In countries like Venezuela, people are beginning to see cryptocurrency as a way to protect against their rapid currency. El Salvador's recent move to legally adopt bitcoin for general transactions is also considered a milestone that gives bitcoin the same status as the US dollar in the country.

South Asia is also tough. According to the Chainalysis report, India, Pakistan and Vietnam have the highest cryptocurrency adoptions in the world. Their neighbors in Southeast Asia, the Philippines and Thailand, are not far away. Despite an initial ban on cryptocurrencies, India has seen a significant increase in the use of cryptobourses and wallets. In India, the first traction is concentrated in level I cities. However, cities seem to be taking over level II and level III cities.

Interest in cryptocurrencies is being generated across Central and South America and Africa as well. Countries like Nigeria, Kenya and Colombia are following suit.

Whether it’s trading, mining or spending, emerging markets are dominating the crypto space

. Asia (India, Vietnam, China, Philippines and Thailand), Africa (Nigeria, Kenya, Senegal and South Africa) and South America (Brazil, Venezuela, Colombia and Argentina) are already leading the way with the highest adoption rate, mining and trading volume. Apart from its decentralised nature, Crypto’s adaptability for a mobile-only environment makes it a favourable choice for small, developing economies where a big portion of the population is still unbanked. This trend is expected to continue in the coming years as we see governments warm the reception of cryptocurrencies. Looking at India in particular, we can expect a greater pull from Tier II and Tier III cities with more interest generated among small day-to-day investors and freelancers who rely on work externally from foreign clients.

While the future looks promising for emerging markets, the steps that regulators need to take may also be crucial in paving the way for wider adoption of cryptocurrencies.

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Stablecoin Regulation

The President's Financial Markets Task Force (PWG), which includes the SEC, Treasury and the Federal Reserve, published its expected report on stablecoins on November 1, 2021. The report addresses the risks associated with stablecoins and makes recommendations on how to communicate with them. According to our analysis, the report appears to be well researched and intensive, and the recommendations presented appear to be in line with cryptotrek expectations. First of all, the report calls for legislation that would allow regulators to manage the potential risks arising from the rapid growth and development of stablecoins. It called on Congress to implement the legislation, but without it the Financial Stability Board (FSOC) recommended that it consider taking risk management measures.

The report states that stablecoins used to facilitate speculative digital asset trading lead to market integrity and investor protections risks, specifically possible fraud and misconduct, market manipulation, insider trading, front running, and a lack of trading or price transparency. Other risks posed by stablecoins include illicit finance, such as AML and terrorism financing.

Stablecoin runs could occur when users lose confidence in a stablecoin issuer’s ability or intent to honor redemption requests, which could reverberate to the broader financial system. Specifically, a situation in which users lose confidence in a stablecoin could lead to fire sales of reserve assets, which the report says, “could disrupt critical funding markets”.

Moreover, if stablecoins are used as payments, there is risk stemming from any potential disruptions to the system (blockchains) they are present on. There is operational risk, such as transaction verification and the risk of regulating the blockchains they use.

The report also discusses systematic risk and the concentration of economic power. Too large a stablecoin can systematically pose a risk of failure for one of the participants involved in the stablecoin arrangement. In addition, there may be a compelling economic power concentrated by the issuer of stablecoins if it is also a commercial company. Potentially anti-competitive effects can also occur if stablecoin becomes the primary payment method.

Once the recommended legislation is enacted, current issuers of stablecoins, such as Circle and Tether, will have to become banks, presumably by creating or acquiring banking units, in order to continue to offer their stablecoins. Lower federal oversight, insurance, and lower risk management requirements can potentially make stablecoins more transparent and help eliminate risk in the stablecoin operating scenario. Legislation would also allow large banks to issue their own stablecoins or facilitate the digital dollar.

However, it is not clear whether such regulation will have a significant impact on algorithmic stablecoins such as DAI and UST, which continue to grow in light of potential regulatory controls such as their centralized stablecoin counterparts. This may lead to lower demand, marked "gray" stablecoins, or may be converted for use only by DeFi, which is currently outside the banking system. Legislation requiring the exclusion of stablecoin issuers from commercial entities would limit the ability for companies such as Facebook to list their own stablecoins. Such measures appear to be aimed at maintaining the power to issue stablecoins within the government and regulated entities.

It is important to note that such legislation is only a recommendation, and that if Congress does not take action, it may remain so no matter how divided Congress is. While the report suggests that the FSOC, made up of PWG members, would act if there were no action in Congress, the group would be reluctant to act in the past, but could act to engage in certain activities. Stablecoin arrangements are systematically important, allowing supervisors to intervene further.

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The Future of Stablecoin Regulation - CrossTower

The President's Working Group on Financial Markets (PWG), released its much-anticipated stablecoin report on November 1, 2021, detailing stablecoin risks and recommendations to address them.

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Cryptocurrencies are genuine asset classes. With companies like Starbucks, AT&T and PayPal accepting cryptocurrencies, crypto seems to have arrived. Although it is a new asset class, it found early adopters in developing economies.

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Crypto Wallet App | Best App for Crypto Trading - CrossTower

Buy, Sell & HODL crypto with the CrossTower Wallet App. Send and receive BTC, ETH, LTC, ZEC and USDC from any wallet. Support for scanning and displaying QR-codes makes the process fast and simple.

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Cryptocurrencies are emerging as the fastest growing industry in the history of the world. Let us understand all three factors that make cryptocurrency particularly advantageous—cryptocurrency’s history, its correlation in movements, and its volatility.

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Mend your ways of creativity at the earliest - the largest music NFT marketplace to buy, sell, and trade exclusive music collectibles as NFTs. Read here about NFTs https://nft.crosstower.com

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Investing in Cryptocurrency, Digital AssetManagement, Investment Advisory Firms

We offer a variety of investment products.CrossTower customizes returns on digital assets through its yield enhancement and principal protection structured products for both US and international investors. Read more here https://crosstower.com/for-institutions/investment-products/

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As a beginner, do your homework before you begin trading, either by reading different articles or observing how the S&P 500 is trending. Read more here https://www.crosstower.in/blogs/five-basic-crypto-trading-strategies-for-beginners

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Cryptocurrency Perpetural Futures Trading - Crosstower Futures

Perpetual future listings and trading with Crosstower Global Pro Platform, allows investors to enhance their returns through capital-efficient leveraged position, making it possible to benefit even if the price of a coin declines.

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NFT Predictions in 2022

As the NFT continues to grow at an unpredictable rate and analysts are trying to keep pace with their growth rate, let's look at the best forecasts for the NFT in 2022.

While 2021 is a breakthrough for the NFT, 2022 is expected to be the year in which non-functional tokens finally become mainstream. The Jefferies Group recently predicted that the market capitalization of the NFT market would reach $ 35 billion in 2022 and the sector will continue to show double-digit growth over the next five years. If you trust analysts, you can expect it to be a year when NFTs penetrate all aspects of your daily life.

In 2017, the market was worth only $ 30 million. But by 2020, NFT transactions will grow by more than 299% annually to $ 250 million. By 2021, NFT revenues are expected to reach $ 17.7 billion. But in fact, more than $ 41 billion was invested in the NFT last year. The best use cases in this sector today are in the areas of games, sports, real estate, media and entertainment and the arts.

If one sector accepts the NFT like no other, it is the world of art. In December 2021, "The Merge" by digital artist Pak became the most expensive NFT ever sold. About 30,000 people worked together to buy it for $ 91.8 million. Although NFT digital art prices are now equivalent to physical art, JP Morgan estimates that NFT digital art has already generated revenue of $ 2 billion per month. This trend is expected to grow this year as digital collectibles have seen increasing acceptance.

On another front, gaming world has seen success in NFTs. Playing NFT in order to obtain games became popular in 2021. The most famous of these is Axie Infinity, where players gain NFT by breeding and selling digital creatures. In September 2021, Axie Infinity had one million users a day and the daily trading volume reached $ 650 million. Another related market that has experienced high trading volumes is NFT games, which are the focal point for trading collections on NFT exchanges. As noted in these applications, NFTs have great potential to monetize gamification. Its impact on the gambling industry is expected to be significant.

Real estate has now become virtual. It could be an expansion of online gaming or even a stand-alone trend, especially with NFTs used to validate the digital earth of the metaverse. One of the most expensive deals in 2021 is eight plots of land sold for $ 1.5 million to Axie Infinity. Active players in this ecosystem, such as Everyrealm, only exist to manage your virtual land. Although the market is still in its new phase, it is expected to pick up in 2022 and crystallize in the coming decades.

The NFT collection is a new frenzy of 2021. Also in India, the NFT collection by Amitabh Bachchan sold for more than $ 9,666,000. The collection includes the poetry of his father Madhushal and other signed vintage posters. However, "The Bored Apes", a collection of 10,000 cartoon monkeys, remains the most successful global collection to date. This collection, which is now worth millions of dollars, became an event on social networks overnight. Soon there will be exclusive benefits and invitations only for collection owners. It presents many ways in which the collections will soon help owners belonging to exclusive social groups and further gain more tangible funds.

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Beginners Guide to NFT

NFT stands for Non-fungible Token, which refers to properties that are unique, intangible, digital objects that cannot be copied or replaced. For example, a unique piece of digital art, photography, video, poison, or any digital collectible that is unique with unique features can be assigned to the NFT. Their number is limited and, unlike Bitcoin and Ethereum, they are non-replaceable.

We will make it easier for you. Just as you acquire ownership of a physical object by purchasing it, so NFT digital intangible objects are unique and have ownership rights. When you buy an NFT, you get a digital certificate of reliability and ownership.

What distinguishes the NFT from physical collecting is the recognition of the information it carries. This is different from other NFTs and can easily be shown to prevent the creation and copying of fake NFTs, as the origin of the original problems can be easily traced.

If you are also interested in selling and transferring your digital creations to the NFT, then you have definitely reached the right platform. Every digital creation you have, from interior design to art to music to photography, you can create an NFT. We have written a series of instructions that will make it easier for you to jump into the world of the NFT and create an Non-fungible token.

If you are an artist, musician, photographer, singer, etc. (any form of digital art), all you have to do is create a unique piece that you have created as an NFT for a trusted site such as CrossTower NFT Marketplace. Go to create an NFT and sync it with your wallet, you will get many options, select the one to which you want to upload the file. It must be a unique, invisible file. When uploading, decide on the price or open the menu and follow the instructions on the page. There is also the possibility that royalty-like copies will decide the number of people you want to buy your NFT.

The process only takes 5 minutes. All you have to do is choose a password and get a crypto wallet. This is a basic requirement that you must meet. A reputable NFT marketplace such as CrossTower allows you to create your own NFTs and market them so that you can sell them for the highest bid. Once you create your NFT, it is ready for sale to buyers.

Follow these steps to create and mine NFT in CrossTower

Visit https://nft.crosstower.com/

Click on Connect to wallet

Download and install the required extension

Choose your password

Once installed, change its network settings

Choose Rinkeby Test Coming as your network

Once done, click on Create NFTs tab

Choose from the available options either ‘Single or Multiple’

Follow the on-screen instructions and fill in the required information

Customize your sale using the options available on your screen

Choose the collection

Click on Create Contract

Your NFT will be created

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From digital art and GIFs to high-profile rare collectibles, NFTs are continuing to make headlines. They experienced significant growth during the pandemic. Creators and collectors alike are exploring NFTs for income and investment opportunities. Many experts even see NFTs as the future of art and investment.

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There has been a great deal of interest in—and debate and discussion on—the subject of NFTs or non-fungible tokens in recent times. As mankind moves further and further into the digital realm, a number of questions related to transacting business in this space continue to arise.

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Bitcoin and Business Strategies

Bitcoin gives great advantages for presence around the world. It has a lot of business development on international brands instead of staying limited to goods.  

It can establish retailers to build relationships and strengthen geese confidence in no public, which is more useful for developing countries. According to the research, an average of 287,000 bitcoin transactions took place worldwide in the last three months of 2020.  

Created in 2009, Bitcoin is the first decentral digital currency. Satoshi did Nakamoto and then then this digital money makes waves around the world.  

Bitcoin is a peer-to-peer or decentralized digital currency. It is one of the cryptocurrencies because it is secured using cryptography. There are no real bitcoins; However, the balances are kept in a public ranking that is clearly accessible to anyone (even if each record is encrypted).  

All bitcoin transactions are verified using a large amount of computing power called "mining". Bitcoin is not issued or regulated by banks or the government, nor is it a product in and of itself. So, no one checks or verifies bitcoin transactions. However, all transactions are handled by a network of computers. All computers use the same software and protocol. Blockchain technology as a system monitors all bitcoin transactions that take place around the world.  

Bitcoin, has created hundreds of other cryptocurrencies, often referred to as alt currencies. When exchanging bitcoins, it is always abbreviated to BTC. It has become a widely used currency by companies and individuals. Many companies have chosen to create software that is easy to use.  

First, bitcoins can help companies run smooth transactions and help the company grow. Companies can easily make transactions and use money with bitcoins. Because all transactions take place online, it can be much easier for companies to make easy transfers.  

Cryptocurrencies like bitcoins change the way individuals do business. With bitcoins, all payments and financial transactions are online. As a result, clients can offer faster payment options. Companies can provide clients more easier using the Internet-based Internet system.  

Bitcoin is particularly beneficial for business growth because it significantly increases payment processing. While some financial services companies charge a fee for processing payments, Bitcoin allows customers and businesses to avoid these excessive fees.  

Society faces many complexities and challenges. There must be a system where society can function smoothly. And bitcoin allows companies to go through the complexities associated with typical financial operations. With bitcoins, companies can accept payments from clients around the world. As a result, they can increase revenue and grow in international markets.

With bitcoins, companies can easily sell their products and services and get paid in the same number of seconds. On the other hand, buyers can get their purchases in minutes. It will immediately provide companies with revenue so they can conduct their operations and plan for expansion. In addition, faster transaction completion and better payment processing systems can gain more clients.  

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NFTs You Must Give a Try

Passionate players always love things that, in addition to game elements, add fun to their gaming experience. Today, the NFT, with its unique features, gives players the benefit of changing the way they play games and allows them to retain personal ownership of their items in the game. Not only has this brought about a change in the way players play, but it has also largely changed the industry. Envy how? Read the article to learn more.

The gambling industry has changed more than ever. Since the introduction, NFT has gained significant popularity in the game. The worldwide acceptance of the NFT in the game shows an upward trend, which indicates that it will continue to grow in the coming years. In the past, players bought accessories and game items for thousands of dollars and there was no way to sell them on the market.

But now it's easy to withdraw money. Yes, not by selling things, but by play-to-earn. They can offer their accessories to avid gamers by providing their assets through a play-to-earn format.

Below we discuss some blockchain games that you can play with your loved ones.

Mobile legends: Do you believe in a team spirit? Is building a strategy what you want to do while playing? If so, then Mobile Legends is the game for you. The legendary mobile game, popular around the world, is enjoyed by more than 100 million people a month. Also known as MOBA (Multiplayer Battle Mobile Arena) you can play with your friends without the need for a physical presence in one place. You can share and play with your friends while earning many prizes like MLBB NFT and more.

Syn City: A fun, furious game with options for players to start, fight, build and run a criminal business. The first metaverse game built for blockchain, it brings all the fun you need as a mafia and syndicate. With the option to win game rewards as a player vs.

Dark borders: Dark Frontiers, an MMORPG game represented by a game starter built in DAO, allows players to run a multiplayer environment with different players and partners. Players can purchase Dark Frontiers in-game resources at many NFT markets. Dark Frontiers provides direct but engaging interactivity that consolidates permitted play and play-to-take models.

Summoners Arena: If you love high level strategy building, planning and playing, then Summoners Arena is the game you should play. A game based on blockchain technology in conjunction with NFT and Defi, where each player is represented as NFT and rated on the basis of their rarity and level. This means that the guarantee of entertainment is full.

Last words about the future of the NFT

Although there have been many changes in the gaming industry, there are still a number of NFT gaming focused on regular games and videos. The popular games mentioned above are immersed in the NFT and bring some major changes.

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NFTs are one of the most buzzing things in and across the nation. Several reports of NFT being sold out for millions of dollars have come to light. But this is just the beginning. We have to understand and unfold several chapters to unleash its full potential. With the recent development of NFT, the buy/sell of digital art has been on an all-time rise.