According to ShibDaily, a recent survey by the Federal Deposit Insurance Corporation (FDIC) has revealed that underbanked households in the United States are engaging with cryptocurrency more frequently than fully banked households. The survey, which was released on November 12, 2023, analyzed responses from approximately 60,000 households to identify trends in cryptocurrency usage across different demographics. The findings indicate that 6.2% of underbanked households, defined as those with a bank account but also relying on nonbank services like payday loans or check cashing, are using cryptocurrency. This is in contrast to 4.8% of fully banked households. Underbanked households constitute about 14.2% of U.S. households, equating to roughly 19 million households. The survey also highlighted that cryptocurrency usage is notably higher among younger, highly educated, and working-age households, as well as among Asian and white households. Income disparities were evident in the survey results, with 7.3% of households earning $75,000 or more using cryptocurrency, compared to only 1.1% of those earning less than $15,000. The majority of households using cryptocurrency held it as an investment, while only 4.4% used it for online purchases. The report also noted that just 1.2% of unbanked households, those without checking or savings accounts, used cryptocurrency. Most unbanked households continue to rely on cash, prepaid cards, and online payment apps like PayPal or Venmo. FDIC Chairman Martin Gruenberg emphasized the ongoing disparities in banking access among minority, lower-income, disabled, and single-parent households, highlighting the need for targeted solutions to bridge these gaps. The survey underscores the differences in how cryptocurrency is perceived and used among various household groups. While most users hold cryptocurrency primarily as an investment, younger and higher-income households are more inclined to experiment with it for both investment and transactions. In contrast, lower-income groups often face barriers such as limited financial literacy and resources, affecting their ability to engage with digital assets. With the rising adoption of cryptocurrency among underbanked groups, regulators like the FDIC are increasingly focusing on consumer protection and financial literacy. The findings suggest a growing need for policies that address these shifts in financial access, especially as more Americans seek alternatives to traditional banking services.

The tokenization platform is part of Tether's ambition to diversify its business from issuing the $126 billion USDT stablecoin. source: https://www.coindesk.com/business/2024/11/14/tether-unveils-new-platform-to-simplify-asset-tokenization-for-businesses-nation-states/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

TL;DR Tether has launched Hadron, a platform that facilitates the tokenization of physical and digital assets, accessible without advanced technical knowledge. Hadron, currently in beta, enables the tokenization of assets such as stocks, real estate, and bonds, with a global and sectoral focus. The platform incorporates compliance tools like KYC, KYB, and KYT to ensure ... source: https://crypto-economy.com/tether-introduces-game-changing-platform-hadron-to-simplify-asset-tokenization/

Deribit options open interest has hit an all-time high of $40.8 billion, driven by surging institutional and retail interest in crypto options. source: https://www.theblock.co/post/326599/deribit-options-open-interest-reaches-all-time-high-amid-rising-demand-for-bitcoin-calls?utm_source=rss&utm_medium=rss

I see MicroStrategy's Bitcoin edge disappearing for other firms—this corporate treasury strategy becomes less effective as adoption accelerates. source: https://bitcoinmagazine.com/takes/microstrategys-bitcoin-strategy-wont-work-as-well-for-other-companies

Michael Saylor, co-founder and executive chairman of MicroStrategy, has long been a staunch advocate for Bitcoin, and his latest comments suggest he believes the cryptocurrency is on the verge of a major milestone. The post Michael Saylor Expects Bitcoin to Break $100K, Paving the Way for $600K Predictions appeared first on Cryptodnes. source: https://cryptodnes.bg/en/michael-saylor-expects-bitcoin-to-break-100k-paving-the-way-for-600k-predictions/

As the crypto market skyrockets with Trump's victory, Binance is devising ways to fuel the bull rally of its BNB. The Binance launch pool has announced a USUAL listing and will also expand the list of trading choices for more pairs of ACT, PNUT, and NEIRO. source: https://www.cryptopolitan.com/binance-puts-focus-on-usual-act-pnut-neiro/

Peanut the Squirrel (PNUT) emerged as a memecoin based on the happenings during the U.S. election period. It quickly captured the attention of traders, especially those fond of memecoins. From inception, PNUT gained quick traction as it was linked to unique real-world-event where a pet, “Peanut the Squirrel” belonging to, Trump’s supporter was killed by […] The post PNUT Flips POPCAT After... source: https://www.thecoinrepublic.com/2024/11/14/pnut-flips-popcat-after-binance-listing-is-10b-possible/

Time is running out. source: https://bitcoinmagazine.com/markets/buy-as-much-bitcoin-as-you-can-before-100k

The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment. source: https://cointelegraph.com/news/pennsylvania-house-bill-strategic-bitcoin-reserve?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Renzoはイーサリアム・ブロックチェーン上に構築されたリステーキング・プロトコルです。ユーザーは簡単にETHを賭け、EigenLayerから報酬を得ることができる。Renzoは強力な創設チームを持ち、Binance Labsによって支援されているが、そのREZトークンは最近価格下落を経験している。