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Crypto Interest Among Women Has Doubled Since December

The number of women interested in investing in cryptocurrencies has more than doubled since the beginning of the year, a new study has revealed. The study was carried out by the London Block Exchange, a leading crypto exchange in the UK, and found that crypto interest among men had barely changed in the first six months of 2018. The report also outlined some of the defining characteristics that differentiate male and female investors, including levels of collaboration and reasons for investing.

Women Increasingly Interested in Cryptos
The report revealed that the proportion of women interested in investing in cryptos stands at one in eight, or 12.5%. This has more than doubled from the 6% polled in December of last year, reported City AM on June 9. The interest is higher among millennial women, with one in five expressing interest in crypto investment.

While the industry has been a male-dominated field for long, women are making inroads according to Agnes de Roeyer, an analyst at the London Block Exchange who was quoted by City AM.

THERE’S STILL A COMMON MISCONCEPTION THAT CRYPTOCURRENCY IS A GAME FOR MEN, BUT WE’VE SEEN HUNDREDS OF WOMEN SIGN UP FOR OUR EXCHANGE IN THE LAST FEW MONTHS, AND SOME OF THE MOST INSPIRING AND KNOWLEDGEABLE INVESTORS LEADING THE WAY IN THE INDUSTRY ARE FEMALE.The report also looked at the differences in motivation between male and female investors, with many men investing out of the fear of missing out. Women were found to be less likely to invest out of FOMO and invest strategically, taking into account all the pros and cons of the digital currency in which they invest.

Women are likely to consult their friends and family members when making a decision on which cryptos to invest in, the report suggested. On the other hand, men aren’t as collaborative and prefer making the decision by themselves.

Apprehension Toward Cryptos In The UK
An earlier survey had revealed great apprehension toward cryptos in the UK, with 71% of the respondents stating that they wouldn’t use existing cryptocurrencies. The survey found that there is widespread awareness of cryptocurrencies – 92% are aware of the existence of Bitcoin – with the next most popular cryptos being Bitcoin Cash, Ethereum, and Litecoin, respectively.

Interestingly, the UK market responded more positively to the prospect of a digital currency developed by the huge tech firms. Amazon was the most popular choice, with 26% of respondents stating that they would embrace an Amazon-issued digital currency to conduct transactions. Google, Apple and Facebook were the next most popular choices at 19%, 17% and 14% respectively.

The report echoes the results of a survey conducted by London-based trading platform eToro which was carried out between March 2017 and February 2018. The survey found that female investors in the sector only accounted for 8.5% of all investors, while males accounted for 91.5%. Most females were interested in XRP, while Ethereum was the most popular among the male investors. Novice investors with no prior trading experience comprised the majority, accounting for more than 80% of all crypto investors, the report found.

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MICHAEL BLOOMBERG PUSHES FOR CRYPTO REGULATION

The Rundown

  • BLOOMBERG WILL LEGITIMIZE CRYPTO
  • REGULATORS CANNOT IGNORE BLOCKCHAIN DEVELOPMENT

U.S. presidential candidate Michael Bloomberg is proposing rules that will clarify the status of crypto assets within the financial system. Bloomberg intends for these to offer greater government oversight as well as consumer protection. 

BLOOMBERG WILL LEGITIMIZE CRYPTO

Bloomberg has made these statements in his just-published Financial Reform Policy. Although not the first candidate to support crypto regulation, Bloomberg is by-far the most credible given his background in the financial sector. The other candidate, Andrew Yang, recently dropped out of the race.

Bloomberg’s plan states:

Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped. For all the promise of the blockchain, Bitcoin and initial coin offerings, there’s also plenty of hype, fraud and criminal activity. Mike will work with regulators to provide clearer rules of the game 

The document calls for establishing consumer protections, clarifying taxation issues, and creating a framework for initial coin offerings by determining which tokens are legal securities. It also calls for the defining oversight rules as well as regulations for banks and financial institutions.14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Love Affair! Play Now!

Bloomberg’s proposal, although brief, is notable as the other leading candidates have remained silent on this issue. Frontrunner Bernie Sanders has made no statements about cryptocurrency, nor have Joe Biden or Elizabeth Warren. Pete Buttigeg has only stated that Bitcoin should be “treated as a commodity.”

Donald Trump, the presumed Republican candidate, is openly hostile to cryptocurrency and has made no calls for regulation.

REGULATORS CANNOT IGNORE BLOCKCHAIN DEVELOPMENT

Discussion of blockchain development may be sparse among presidential hopefuls, but the topic will not go away. Other branches of the government have been rapidly addressing the impending wave of crypto adoption. Just last week, Federal Reserve Chairman Jerome Powell discussed Bitcoin before the House Financial Services Committee.

The fact that Bloomberg is willing to address blockchain assets is not surprising. He founded one of the most successful financial companies in modern history which specializes in software and technology. There is no doubt that he is familiar with cryptocurrency’s disruptive potential, and its every growing global reach. 

Notably, should the crypto market recovery continue, more candidates are all but certain to take positions on how the federal government should address blockchain development. Also, there is no doubt that the next president will have no choice but to recognize cryptocurrency as a permanent element of the global economic landscape. In this environment, much more discussion and debate over crypto is certain to take place.

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Crypto Selloff, Bitcoin again below $10K

Cryptocurrency markets had a lousy weekend, especially altcoins. Bitcoin had a 5.18 percent drop to $9800, but it was the best performer. Bitcoin Cash, BitcoinSV, and EOS are falling over 20 percent, and the majority of the leading cryptos dropping over 10 percent.  Ethereum tokens also took a hit, with ZRX(-19.3%), REP(-18.8%)OMG(-18.6%), and BAT(-18.21) among the worst performers during the weekend. Worth Noting that FFT* gained 8-66 percent and also moving strong FUN(+26.19%), POWR(+18.1%), FSN(+24.65%) and MX(+50.4%).

72H Crypto Heat Map

The Market capitalization dropped $28.8 billion during the whole weekend, which represents a 9.31 percent drop. The drop happened with a heavy volume of about $70 billion in a 24H period. As bitcoin was performing better than the rest of the market, its dominance grew to 63-68 percent.

Crypto Market Cap and Traded Volume

Hot News

Craig Wright warns Bitcoin and Bitcoin Cash to stop using the Bitcoin database if they want to avoid a lawsuit, claiming that both may be violating the original terms of the original EULA and MIT license.

“As the creator of Bitcoin, I maintain the sui generis rights to any copy of the database created from Genesis in January 2009. I shall not be relinquishing the ownership. I will be licensing it, and have already engaged in a process.” (Source: cointelegraph.com)

Technical Analysis – Bitcoin

Bitcoin 4H

Bitcoin dropped below $10K on Saturday, and continue doing so on Sunday and Monday’s early morning. In the 4H chart, we can see that the price is approaching the lower side of the ascending channel and that the $9,730 level seems to act as support. Currently, the price is moving below the -1SD Line, in what looks like a descending wedge. Right now, the price is in a support area; thus, we need to observe the resolution of the fight between buyers and sellers to control the movement of the price.  The critical levels to keep are $9,730 to the downside and 9950 to the upside.

SupportPivot PointResistance
9,7309,950 1,068
9,50010,300
9,15010,500

Ripple

Ripple 4H

Ripple has been dropping very hard in the last few days, and its price lost 19 percent since its top made last Saturday. Currently, the price went back to the consolidation area, previous to its last run-up.  The $0.274 and $0.266 levels are essential to hold the price. If that does not happen, it would be the end of the bull run of this asset. The price is below its -1SD Bollinger line and the MACD in a bearish phase; thus, it is better to be in the sidelines.

SupportPivot PointResistance
0.26600.2900 0.3000
0.25000.3150
0.23700.3380

Ethereum

Ethereum 4H

Ethereum had an incredible run up last week, which drove its valuation from $217 to $288, a 32 percent move up. During the last weekend, it is retracing part of its gains, as it was highly overbought. The price needs to create a bottom to resume the trend from there. Currently, it is moving in the $250 level, under the -1SD Bollinger line, and touching its 50-period SMA.  We see also that the upward trendline still holds. Thus, we still think this is a healthy correction and that ETH still has room to move up. Another break of the $263 level would bring strength to the buyers.

SupportPivot PointResistance
249263 275
238290
230300

Litecoin

Litecoin 4H

Litecoin has dropped hard at the weekend and has erased almost all the gains made in February. The price is moving quite bearish, and now it is entering into what was the consolidation region made at the beginning of February. We have to wait for the price to make a bottom here.  We still maintain the upward bias, as its 200-period SMA is still pointing upward, but the current situation is not. We can see that the bearish candlesticks show a strong volume. Maybe this is a bottoming volume, but, as said, we need to see it create a bottom and the price move to the upper side of the Bollinger bands.

SupportPivot PointResistance
71.375.7 78.4
6980
66.883.5

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We Think 10-Minute Settlement Is Slow but That’s Crazy, Feat. CoinDesk Research’s Noelle Acheson

CoinDesk Head of Research Noelle Acheson joins the Amun State of Crypto crew to discuss the advantages, disadvantages and eccentricities of crypto markets, exchanges, settlement and more.

Listen or subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

In this deep-dive conversation, the group discusses the differences in the market microstructure between the crypto asset industry and traditional capital markets. The guests drew from their experience within traditional capital markets to explain the intricacies of the crypto market micro-structures and price discovery.

Listen or subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.


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