Autor Cointelegraph By Keira Wright

Massive jump in number of Australians who own crypto: Survey

Massive jump in number of Australians who own crypto: Survey

Uverejnil používateľ | dec 7, 2021 |

The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) survey of more than 2,000 people found that the percentage of Australians surveyed who own or have owned crypto has reached 28.8%, up from 18.4% in 2020.The results suggest that growth in the sector is being driven by the positive experience of those who own crypto, with 89% of those surveyed saying they have made money or broken even, up from 78% in 2020. Independent Reserve CEO Adrian Przelozny told Cointelegraph that these results didn’t come as a surprise to him, due to an environment in which it has become “very difficult to get returns on investments.” He stated that “cryptocurrencies have easily outperformed any other assets over the last 12 months,” before adding: “I think it’s quite natural that more and more people get interested in an asset class that’s clearly outperforming the rest of the market.”In October, Cointelegraph reported that Bitcoin (BTC) is the official best-performing asset class of 2021.Przelozny said that he expects the trend to continue as crypto matures and becomes less volatile. He said that the “biggest ally” of cryptocurrency is that “the longer it’s around, the more accepted it becomes.”“With time, I think you’ll see volatility and the perceived risk of this investment reduce.”28.6% of those surveyed by the IRCI who don’t currently own crypto said they would invest if there were better consumer protections in place. Another 26.6% said they’d buy crypto if industry regulation was improved.Regulation is needed for continued growthPrzelozny said that “the sector still desperately needs regulation to catch up and provide greater security for both investors and cryptocurrency businesses.”“I do think that once regulation comes on board, we’ll see a whole new class of investors into this space. And I think that’s what we’ve seen in other jurisdictions, like over in Singapore.”Przelozny told Cointelegraph that he anticipates that older Aussies over 65 will make up the next big wave of investors as these regulatory issues are addressed. “They’re looking for consumer protections from the government before they’re willing to take the plunge and enter the cryptocurrency market.”Unsurprisingly, the 24 to 34-year-old age group was the most trusting of crypto with 27.6% saying they bought in to get rich, while disbelievers in the system are most likely to be found in the over 65 age group.Related: Australian women owning crypto has doubled in 2021: SurveyAccording to the IRCI, Bitcoin remains the most well-known and popular cryptocurrency, with 89.1% of Australians surveyed saying they’ve heard of it and 21.1% actually owning Bitcoin. The second most popular crypto asset is Ethereum, at 11% reported ownership, up from just 5% in 2020.The IRCI is an annual cross-sectional survey of more than 2,000 Australians conducted by PureProfile. Independent Reserve says its sample was reflective of the country’s gender, age, and geographic distribution.

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Australian women owning crypto has doubled in 2021: Survey

Australian women owning crypto has doubled in 2021: Survey

Uverejnil používateľ | dec 7, 2021 |

A new survey shared with Cointelegraph has found that the proportion of Australian women who own crypto assets has doubled in the last year. The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) of 2000 Australians found that the number of women who currently or have previously invested in crypto rose from 10.3% in 2020 to 20% in 2021. The percentage of female Bitcoin owners also rose from 8.3% to 14.8% according to the survey.Independent Reserve is an Australian-based cryptocurrency exchange that was founded in 2013, it has more than 200,000 users. Karen Cohen, Deputy Chair for the Board of Blockchain Australia, said that more women have entered the crypto market this year as the asset class has continued to become a mainstream investment. Speaking to Cointelegraph, she said: “I think that it tells you that investing in crypto is less risky and is just one of many different ways you can invest. I think it’s sort of giving the signal that if a bank thinks it’s okay, then you know it’s a safer place to invest.” Cohen cited examples such as the CBA adding crypto trading options to its app in early November. Co-founder of Independent Reserve Adrian Przelozny added that “over time, as cryptocurrency investments become more acceptable and mainstream, the perceived risk also reduces.”He added: “I think that as that happens, you’ll see more and more women enter the market.” Research by Grayscale from 2019 showed that women tend to be more risk-averse investors, which is often attributed as a reason for the gender gap between female and male crypto investors. The ICRI also found that women were more likely to listen to family and friends about crypto. 56.7% of the women surveyed said that they would enter the crypto market based on advice from family and friends, as opposed to 42.2% of the men surveyed. Cohen said, “A lot of women are getting referrals from their friends and family, so they’re getting a feeling a bit safer to get involved.”On the other hand, 45.9% of men said they would consider entering the crypto market due to interest sparked by media coverage, compare to 41.8% of women surveyed. Closing the gender gapCohen said that moving forward, she expects that total gender parity among crypto investors is still “a while away,” because it’s so entangled with gendered stereotypes and the way that women are brought up to understand risk and investment. Przelozny agreed, saying that he couldn’t possibly speculate as to when the investment gap will close. He said: “As to when it becomes 50/50, I don’t know. But I think it’s definitely trending in the right direction.”Cohen also said that as the Metaverse and blockchain gaming begins to dominate the crypto market, users can expect “the landscape to completely change again.”“Is gaming more of a boy’s club than crypto?” she asked, concluding that “nobody really knows.” Related: How women are changing the face of enterprise blockchain, literally!In last year’s IRCI report, Cohen urged decision-makers in the crypto industry to include women in events and panel discussions, saying “we are what we see”.The IRCI is an annual cross-sectional survey of over 2,000 Australians conducted by PureProfile. Independent Reserve says its sample was reflective of the country’s gender, age, and geographic distribution.

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Virtual land in the Metaverse dominated NFT sales over past week

Virtual land in the Metaverse dominated NFT sales over past week

Uverejnil používateľ | dec 6, 2021 |

Digital land is in high demand in what is already a highly lucrative market as the past week’s NFT and Metaverse sales figures revealed. Data from the industry metrics platform, NonFungible, indicates that over the past week there have been more than $300 million in NFT sales. Of that total, almost a quarter have been for digital land in the Sandbox Metaverse. Over the past week, each one of the top ten NFT Metaverse sales across the top five collections were for in-game digital land. The Sandbox traded a total volume of $70.5 million for 4,433 assets over the past week — making it the Metaverse collection that raked in the most cash. Although Decentraland ranked in second place for the total volume traded, the top ten most expensive metaverse NFT sales during the past week, ranging from 225,000 MANA ($758,250) to 50,000 MANA ($220,000), were all on the Ethereum-based virtual world. Decentraland traded $6.6 million in volume for 399 assets over the past week.Meanwhile, over the past seven days CryptoVoxels traded around $650,000 in volume for 81 assets, Somnium Space traded $492,000 for 40 assets, and SuperWorld traded $227,600 for 506 assets — all of their top trades were also for virtual land. The Metaverse is an immersive virtual reality experience of the internet that uses blockchain technology and nonfungible tokens (NFTs) to pay and own items online. For example, when you make an in-game purchase you actually own the item, and are free to hold, trade or sell it. According to DappRadar, $106 million worth of Metaverse land was sold among more than 6,000 traders in the week ending Dec. 2. “Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space,” stated DappRadar in a blog post at the time. Related: Flying Hot Off the Shelves — Virtual Land Based on BlockchainIn June, a virtual real estate investment firm broke Decentraland’s record for the most expensive digital land plot ever sold after spending $913,000 on 259 parcels.On NFT marketplace Opensea, Sandbox and Dentraland held their spots as the top two collections traded on the platform over the past week. 

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Binance plans to become registered UK firm despite regulatory setbacks

Binance plans to become registered UK firm despite regulatory setbacks

Uverejnil používateľ | dec 6, 2021 |

Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on crypto exchanges. Binance is one of the world’s largest crypto exchanges. To become a registered crypto asset firm in the U.K., the platform must abide by money laundering and terrorist financing controls. To meet these requirements, Zhao indicated the company was considering setting up a specific company to run in the U.K. — similar to its Binance.US subsidiary. Zhao told the Telegraph on Dec. 4 that Binance plans to apply for an FCA license, having hired a “number of ex-regulatory staff from the UK” and a “couple of hundred compliance people” since the FCA notice in June.In October, the crypto exchange giant hired the former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer to contribute to facilitating better relations with international regulatory bodies.Zhao also indicated that the platform is “fully re-engaged” with regulators, and is in the process of making “a number of very substantial changes” in “product offerings, our internal processes, and the way we work with regulators.”Related: Binance continues push to become regulated crypto exchange with new hireWith approval from the FCA, Binance could offer products such as futures and derivatives in the U.K. In September, Binance announced that Australian users would have 90 days to close their positions for futures, options, and leveraged tokens as regulators continued to turn up the heat.Binance has also previously suspended derivatives trading for users in Germany, Italy, and the Netherlands as part of a broader plan to cease offering these products across Europe.In August, the FCA released a supervisory notice stating that it was “not capable” of effectively supervising Binance because it had not answered queries about its headquarters. The exchange has denied all allegations of market manipulation but still faces resistance from numerous jurisdictions including Germany, Malaysia, and South Korea.

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Star Trek creator’s signature goes where no NFT has gone before: DNA

Star Trek creator’s signature goes where no NFT has gone before: DNA

Uverejnil používateľ | dec 3, 2021 |

The signature of Star Trek producer Gene Roddenberry has gone boldly where no NFT has gone before — into the code for life itself.Back in 1965, Roddenberry signed a contract with Lucille Ball’s Desilu Productions to finance Star Trek. On Nov. 30, that signature was turned into a nonfungible token (NFT) and implanted into the DNA code of a living bacteria cell — 30 years after the sci-fi legend’s death. Roddenberry Entertainment describes it as the first-ever “Living Eco-NFT” and a “true intersection of science and science fiction.” The piece will replicate and grow with the division of the organism’s cells.“As long as the bacteria remains living, the cell can double at a rate that will create over a billion copies of the Eco-NFT overnight.”It’s being exhibited as an art piece titled “El Primero” – Spanish for “The First” – in Miami during Art Basel 2021.The CEO of Rational Vaccines and Emmy-winning director Agustin Fernandez collaborated on the piece. “Storing information in DNA represents a whole new category of possibility when it comes to data archiving,” he said.“It provides sustainable, environmentally-friendly storage with exponentially larger capacities than anything the market currently has to offer.”The NFTs live on the Solana blockchain (SOL) with support from Metaplex Studios. “The Solana blockchain provides an extremely energy-efficient platform for NFT creators to build on,” said Stephen Hess, interim CEO of Metaplex Studios. Dr. Paul Predki was responsible for encoding the NFT’s digital data into a DNA sequence and then storing that DNA in a naturally self-replicating bacterial cell. Related: Sci-fi or blockchain reality? The ‘Ready Player One’ OASIS can be builtStar Trek is no stranger to collectibles or NFTs. In July 2020, Star Trek fans bought 125,000 NFT trading cards featuring “Captain Kirk” William Shatner on the WAX Blockchain. In June 2020, Shatner spoke about NFTs in an interview Cointelegraph Magazine: “The revolution is coming, not merely in the streets but in the ether. It’s a revolution of knowledge.”

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