June 8 Daily report: Ethereum Surpasses Open Interest in Bitcoin, India Could Benefit if Crypto is Treated Like Gold, ENJ and THETA Close to Breaking Out, Dogecoin (DOGE) Is Now Supported by Alfacash Store and DeFi On Binance Smart Chain Is Heating Up

Crypto is Treated Like Gold

Open Interest in Red-Hot Ethereum Surpasses Open Interest in Bitcoin Following the recent cryptocurrency market crash that saw the price of bitcoin plunged from a near $64,000 all-time high to $29,900 before it recovered to $36,000, open interest for Bitcoin has dropped significantly, while for Ethereum it surged. According to CryptoCompare’s May 2021 Exchange Review,…

Gig Workers have begun to accept Cryptocurrency Payments

Cryptocurrency Payments

In India, gig workers have been using cryptocurrencies as a legitimate form of payment. According to multiple users and experts, software developers, content creators, and others who work with global companies use cryptocurrencies as a means of remittance rather than fiat currencies. “There are two schools of thought. One is that you can’t take crypto…

Cryptocurrency regulations in India: Nandan Nilekani, co-founder of Infosys, supports digital coins as an asset class

Cryptocurrency regulations in India

Nandan Nilekani, the co-founder of Infosys, wants India to recognize cryptocurrencies as an asset class, indicating that they are gaining traction in India despite regulatory uncertainty. “Just like you have some of your assets in gold or real estate, you can have some of your assets in crypto. I think there’s a role for crypto…

Best Stablecoins to Invest In 2021

Best Stablecoins to Invest

Stablecoins, on the other hand, are less susceptible to price changes. Stablecoins are digital currencies that are backed by a physical object, usually a fiat currency. However, they retain much of the appeal of other cryptocurrencies, providing investors with access to a new and fast-evolving asset class. A stablecoin is a cryptocurrency whose price is…

June 7 Daily report: Bitcoin Miami, The Best Conference Yet, ETH May Not Go to the Moon, Chainlink’s drop in popularity means for its price, Solana is raising as much as $450 million and German Tesla Taxi Company to Enable Dogecoin Payments

ETH May Not Go to the Moon

Bitcoin Miami, The Best Conference Yet It was a delight to hear Ray Youssef, the CEO of Paxful, at Bitcoin Miami because it’s his first time out and he happens to be quite a character. With much substance. He’s an Egyptian American who got into bitcoin when it was three or four cents he said…