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Polygon, Chainlink, Algorand Now Available On Banking Service Revolut

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Polygon, Chainlink, Algorand Now Available On Banking Service Revolut

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Revolut is proving to be one of the top contenders against the traditional banking system as it announces the addition of 8 new popular crypto tokens on its platform. In a somewhat teasing tweet, the company announced its decision to add the new tokens to the platform. These tokens will now be available for trading on the App.

The new digital assets added on Revolut include Polygon, Chainlink, Algorand, Band Protocol, NKN, Cosmos, Celo, and Tellor. Asked whether they would be adding THETA, Revolut responded a bit cautiously, saying that they’re working on adding more tokens to the platform on a constant basis.

New Era For Crypto Market

The addition of these 8 tokens to Revolut marks an important step in the larger crypto market. It means that anyone using Revolut’s App will have access to a fair variety of crypto assets to trade with. This, in turn, will encourage an inflow of more money into the crypto market, most of which will likely circulate around various other tokens as people trade.

Increased activity in the market will bring more focus on the most favored assets and also help in propping up the credible new ones. If this trend continues and more markets open up, it’s fair to opine that the crypto market would expand to post a larger market valuation as trading activity rises.

Acceptance And Adoption

As has been noted many times, the debut of financial institutions and technologies focused on the blockchain and crypto infrastructure has greatly aided the acceptance and adoption of cryptos like Bitcoin. This has been further fueled by the availability of easier and faster means of accessing and trading with these cryptos.

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In this case, the addition of cryptos on Revolut brings these tokens much closer to the user, and this will have positive results as already mentioned.

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Source: https://zycrypto.com/polygon-chainlink-algorand-now-available-on-banking-service-revolut/

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Tom Brady Wants to Get Part of His Salary in Bitcoin, Ethereum, and Solana

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The legendary football player – Tom Brady – once again demonstrated his support towards the digital asset industry. He said he would “love” to receive some of his earnings in Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) tokens.

‘The Digital Age Is Upon Us’

Tom Brady – the seven-time Super Bowl champion and arguably one of the greatest football players – is, by all means, a strong crypto proponent. During a recent interview with Jim Gray on the Let’s Go Sirius XM podcast, he revealed that he wants to get part of his NFL salary in digital assets instead of fiat currencies.

Apart from the two leading cryptocurrencies by market capitalization – Bitcoin and Ethereum – Brady also showed interest in one of the best performing blockchain projects this year – Solana:

“I’d love to get paid in some Bitcoin or Ethereum or Solana tokens. I think it’s an amazing thing that’s happening in the world with the way the world is becoming more digital.”

The quarterback praised the underlying technology behind digital assets as the future as it allows fast and transparent transactions. He also predicted that more athletes would soon request cryptocurrency payments:

“The digital age is upon us. I don’t think we’re ever going back. We’re using the technology and information to track things much better. And I definitely see a world where players are going to be paid in cryptocurrencies in the future.”

TomBrady
Tom Brady, Source: USA Today

In fact, the professional football player Saquon Barkley already said he would receive all his future endorsement money in bitcoin. The 24-year-old running back of the New York Giants highlighted the primary cryptocurrency as the right choice for a store of value, especially when inflation starts to shake the economy.


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Tom Brady’s Previous Crypto Endeavors

This is not the first time when the American football player has gotten involved with the cryptocurrency space.

In April, Brady jumped into the non-fungible token craze by releasing his own NFT platform called Autograph. By launching the initiative, he planned to bring together notable names from various industries, including sports, fashion, pop culture, and entertainment, who would develop personal unique digital artworks. His idea seems to have been successful since Tiger Woods, Tony Hawk, and Naomi Osaka have already joined the platform.

Shortly after, the quarterback doubled down on his cryptocurrency endeavors. as he and his wife – Gisele Bündchen – took an equity stake in the digital asset trading platform – FTX. As a result, the duo would serve as ambassadors for the exchange and receive some payment in cryptocurrencies.

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Source: https://cryptopotato.com/tom-brady-wants-to-get-part-of-his-salary-in-bitcoin-ethereum-and-solana/

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The key to Litecoin’s price resuming its ascent is…

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

While Litecoin has seen two major breakouts since August, a horizontal channel continues to be relevant on its chart. To reclaim its movement within this pattern, a few criteria need to be met first.

For one, an immediate close above $163 would be crucial for a bullish outcome. From there, a close above $174 would allow bulls to overtake market control.

At the time of writing, LTC was trading at $154, down by 3.4% over the last 24 hours.

Litecoin Daily Chart

Source: LTC/USD, TradingView

Since early August, Litecoin has traded within the confines of a horizontal channel with two key breakouts. The first breakout inspired a rally to a local high of $233, but a broader market sell-off saw an immediate U-turn on the charts.

The second breakout saw LTC decline in value and shift to a near 2-month low of $144. To enable another recovery back into the channel, LTC needs to close above its first major resistance at $163. From there, a move above the lower trendline would push the price all the way up to the mid-point of the channel at $185.

However, this outlook would only hold up if LTC sees an immediate throwback over the next 48 hours. If the price fails to close above $163, some stabilization can be expected with $144 and $130 functioning as support lines.

For short-sellers, a close below $123.4 would offer interesting opportunities. However, some positions can be taken below $144 as well.

Reasoning 

Since LTC’s RSI was in oversold territory at press time, buyers could come to the rescue. Such a reaction was also observed on 8 September after which the RSI surged all way above 60. The MACD also flashed a few positives. The index was close to a favorable crossover and a bullish double bottom formation.

However, the Awesome Oscillator was yet to take up a favorable position and traded below the half-line. In doing so, it was positioned favorably for sellers. The next peak above the half-line would provide more clarity as far as the future of a bullish resurgence is concerned.

Conclusion 

Despite recent losses observed in LTC’s market, recovery did not seem a very far-fetched idea. Litecoin was trading above key support levels and buyers had a platform to respond to selling pressure.

A close above $163 would heighten the chances of a throwback within the pattern and allow LTC to maintain its bullish structure. If the $163-resistance denies a breakout, LTC’s horizontal channel would likely be negated. Fresher lows can be expected from that point.

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Source: https://ambcrypto.com/the-key-to-litecoins-price-resuming-its-ascent-is

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Christine Lagarde Is Not a Big Fan of Digital Currencies

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Christine Lagarde – the president of the European Central Bank – has issued a warning about cryptocurrencies like bitcoin and Ethereum, calling them highly speculative and saying that they are “suspicious.”

Lagarde: Crypto Is NOT Cash!

Bitcoin and digital assets have shot up like crazy over the past year. The idea is that these assets are becoming hedge tools against inflation and other economic problems caused by the current presidential administration and ongoing coronavirus fears. While many people have garnered newfound respect for these assets, Lagarde feels very differently, and says that they are not cash and should not be treated as such.

In a recent interview, Lagarde commented:

I think we have to distinguish between cryptos that are highly speculative and suspicious occasionally, and high intensity in terms of energy consumption assets, but they’re not a currency.  Cryptos are not currencies, full stop. Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not.

Among the big price highlights to occur for digital assets over the past several months include bitcoin reaching a new all-time high of approximately $64,000 per unit in April. In addition, Ethereum also experienced a new high of about $4,000. Other assets, such as Solana, Ripple’s XRP and Binance’s BNB, have also incurred triple-digit gains.

These currencies – and many others like them – are not garnering affection from Lagarde, though she was rather praising of stable currencies in her interview, claiming:

You have those stable coins that are beginning to proliferate, which some big techs are trying to promote and push along the way, which are a different animal and need to be regulated, where there has to be oversight that corresponds to the business that they’re actually conducting, irrespective of how they name themselves.

Many banks and governments across the globe have been looking at stable coins as of late, recognizing that cryptocurrencies are becoming much more prominent and that they need to stay current to compete. The ECB itself ultimately launched a digital euro project earlier in the year under Lagarde’s direction and guidance. She continued her praise of the stable currency space with:

And in all that, you have the central banks who are prompted by a demand of customers to produce something that will make the central bank and central bank digital currencies fit for the century we are in. I was keen to push the issue, the CBDC issue, on our agenda because I believe that we have to stand ready for that.

Stable Currencies May Provide Solid Answers

One figure sharing this sentiment is Benoit Coeure, the head of innovation at the Bank for International Settlements (BIS). He recently stated of stable currencies:

CBDC (central bank digital currencies) will be part of the answer. A well-designed CBDC will be a safe and neutral means of payment and settlement asset.

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Source: https://www.livebitcoinnews.com/christine-lagarde-is-not-a-big-fan-of-digital-currencies/>

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