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SQ: 4 Stocks That Could Skyrocket During the Next Crypto Boom | StockNews.com

sq: 4 stocks that could skyrocket during the next crypto boom | stocknews.com

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Over the last few years, cryptocurrencies have been one of the best-performing asset classes. The most well-known are bitcoin and ethereum. Another innovation is the blockchain. Some believe that crypto will have the same impact on money that the Internet has had on information.  
Even though the cryptocurrency is relatively immature, this market is all set to witness continued appreciation. According to Markets and Markets, the cryptocurrency market is projected to grow at a CAGR of 6.18% to $1.40 billion by 2024. Rising demand for decentralized finance and cashless payments will be the major growth drivers.
2017 saw a cryptocurrency boom as the Bitcoin prices soared about 2000% in a year. According to market experts, the burgeoning demand for Bitcoin might lead to history repeating itself. Therefore, investing in this growing industry by betting on the right stocks can be highly rewarding.
Four stocks that could be on fire during the next Crypto boom are Square, Inc. (SQ), PayPal Holdings (PYPL), Nvidia Corp (NVDA), and CME Group (CME). Let’s take a look at how these stocks are placed.
Square, Inc. (SQ)
SQ is predominantly known as a digital payment app. However, it is now well-known for its innovations in crypto and blockchain technology. SQ …

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Did… the US government just agree to start funding a cryptocurrency?

did… the us government just agree to start funding a cryptocurrency?

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More and more people are using peer-to-peer payment services, like Square’s Cash App and PayPal’s Venmo, to make purchases, handle their banking, or just to pitch in on the pizza you and your friends had delivered last night. These payment apps have been particularly useful for folks who may not be able to afford bank fees or have other barriers preventing them from accessing a bank account.
That’s because they are very easy to set up, requiring nothing more than an email address or phone number. Even folks with bank accounts are using these payment apps more as folks are trying to stay home and reduce their in-person contacts during the COVID-19 pandemic. The number of daily users on Venmo has grown 26% since last year.
While these apps bring a lot of convenience to our lives, they have also made running scams more convenient for cybercriminals. According to experts, the rate of fraud on Venmo and Cash App is three to four times higher than with credit or debit cards. While PayPal and Square don’t provide statistics about scams, there are some telling signs. The New York Times and Apptopia, a mobile services tracking firm, found …

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Cryptocurrency This Week: Crypto Ban In The Air, Crypto Scams Everywhere

cryptocurrency this week: crypto ban in the air, crypto scams everywhere

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Even as crypto stakeholders in India argue against the perceived need for an outright ban on cryptocurrencies in India, reports of crypto ponzi schemes in different parts of the country continue to puncture their cause. Since September, several reports in Indian media outlets have highlighted incidents of unsuspecting customers being allegedly duped of their money by scamsters believed to be operating crypto ponzi schemes. In Bengaluru, the police are investigating three companies — Long Reach Global, Long Reach Technologies and Morris Trading Solutions. According to the police, these companies collected at least INR 15K each from over 11 lakh people from across the country to invest in a new cryptocurrency called Morris coin. The police have also arrested a 36-year-old man from the Malappuram district of Kerala who is the CEO of all the three entities.Last month, Delhi Police was investigating an alleged cryptocurrency exchange scam, believed to have been operated by one Pluto Exchange, which marketed itself as a cryptocurrency investment firm, and had its offices in Connaught Place. One of the complainants was asked one of the company’s founders to invest in a new cryptocurrency which Pluto Exchange had launched and told him that he would receive 20-30% …

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Mphasis and R3 Partner to Develop a Blockchain-Based Payments and Financing Network for Global Supply Chains

mphasis and r3 partner to develop a blockchain-based payments and financing network for global supply chains

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/PRNewswire/ — Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its partnership with…

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Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

bitcoin trading dominance hits 2017-levels not seen since $20,000 btc

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The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000. The trading dominance of Bitcoin against other major cryptocurrencies. Source: TheTieDue to the growing dominance of Bitcoin in terms of market volume, the alternative cryptocurrency (altcoin) market is stagnating. The trading dominance of the bellwether for altcoins, Ether (ETH), for instance, did not see a similar spike in the same period. Why does the altcoin market underperform when Bitcoin is going up?As seen from July to early September, when Bitcoin is climbing upwards gradually, it can cause an “altseason” to materialize. In fact, ETH has outperformed BTC so far this year in terms of percentage, which is partially why the momentum may be returning back to Bitcoin.  Especially during August, many DeFi tokens increased between 5 to 20-fold, causing a massive altcoin craze.But when the price of Bitcoin goes up quickly in a short period, it can cause the altcoin market to slump. Profits are likely cycling in from altcoins back …

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Big Tech Is Making Cryptocurrency More Accessible Than Ever | Finance Magnates

big tech is making cryptocurrency more accessible than ever | finance magnates

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The four horsemen of the technology world — Amazon, Apple, Facebook, and Google — have long been known as the main drivers of tech innovation, and have arguably done more to push the adoption of digital technologies than any other firm.Each has single-handedly impacted hundreds of millions or even billions of internet users, whether it be through Amazon’s massive e-commerce and cloud computing services; Apple’s trailblazing consumer electronics; Facebook’s massively successful social media platform, or Google’s game-changing search engine, most people have seen or used one of these four firm’s products.Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awardsNow, each of these firms is arguably doing more than most to push the adoption of cryptocurrencies and blockchain technology, by bridging the gap between the world of traditional finance and the cryptosphere with their respective payment services: Amazon Pay, Apple Pay, Facebook Pay, and Google Pay.The Payment Gateway of BillionsFor a long time, acquiring cryptocurrencies for the first time was a daunting endeavor, that required investors to trust shady payment processors or remittance services, or purchase cryptocurrencies in person with cash using one of the peer-to-peer cryptocurrency …

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