What is Web3? An introduction for newcomers | by Paul Simroth | Dec, 2023 – Medium
Posted: December 23, 2023 at 2:47 am
Web3, coined by computer scientist Gavin Wood, represents a seismic shift in the evolution of the internet. Unlike its centralized predecessor, Web2, Web3 embraces decentralization through technologies like blockchain, smart contracts, and digital assets.
In the Web3 landscape, digital assets, made possible through tokenization on the blockchain, play a central role. Tokenization allows the representation of real-world assets as digital tokens, opening up new possibilities for ownership and investment.
Web3 isnt just a technological upgrade; it signifies a move towards a more democratic and inclusive internet. By embracing decentralization, web3 empowers users to actively participate in shaping the digital future. This transformation promises a user-centric internet where individuals are more than consumers they are integral contributors to the evolving online world.
The vision is clear: a decentralized internet that prioritizes transparency, decentralization and trustless transactions. Web3 paves the way for a digital landscape where innovation and collaboration thrive, marking a new era in the internets evolution.
To grasp the significance of Web3, its essential to trace its roots through Web1 and Web2. In the early days of the internet (Web1, 1990s-2000s), static web pages and open protocols defined the landscape, fostering a one-way flow of information. Fast forward to Web2 (circa 2005), a pivotal era marked by user-generated content on platforms like Facebook and Twitter. Despite this shift, control over transactions, content, and data remained centralized within tech giants.
Now, Web3 emerges as a transformative force, challenging the established norms. Central to this evolution is blockchain technology. This innovation revolutionizes trust and transparency, eliminating the need for intermediaries. In essence, Web3 breaks free from centralized constraints. It introduces a decentralized paradigm, empowering users and fostering transparency.
Web3, a multifaceted concept, unfolds with diverse visions, extending beyond a monolithic framework. Its landscape encompasses decentralized social networks, play-to-earn video games, and NFT platforms, illustrating a broad spectrum of possibilities within this realm. Rather than a singular narrative, Web3 emerges as a dynamic ecosystem with varying interpretations.
For advocates, Web3 stands as a transformative force, dynamically reshaping power dynamics by redistributing control to users and creators. Decentralization, the cornerstone of this vision, is seen as a means to empower individuals and foster a more inclusive digital environment. The promise of play-to-earn models and NFT platforms further adds layers to this outlook, presenting new avenues for economic participation and creative expression.
In navigating the diverse visions and controversies surrounding Web3, a nuanced understanding emerges, acknowledging both its transformative potential and the need for vigilant scrutiny to address valid concerns. The evolution of Web3 reflects a dynamic interplay of technology, ideology, and societal values, shaping the future contours of the internet and how its used.
Web3 is not a monolithic concept; it encompasses various visions, including decentralized social networks, play-to-earn video games, and NFT platforms. Some see it as a transformative force, shifting power back to users and creators, while others view it skeptically as a rebranding effort for crypto. Critics express concerns about wealth centralization, privacy issues, and the potential commodification of online interactions.
For proponents, Web3 stands as a beacon of transformation, a powerful force recalibrating the balance of power between users and creators. Enthusiasts herald its potential to revolutionize digital landscapes, fostering decentralized governance and empowering individuals. In this light, Web3 is more than a technological evolution; it symbolizes a philosophical shift as well.
However, not all perspectives on Web3 are marked by unbridled enthusiasm. Skepticism persists among those who view it as a clever rebranding effort within the broader cryptocurrency landscape. Critics express valid concerns about wealth centralization, apprehensions rooted in the potential consolidation of economic power within select entities. Moreover, privacy issues loom large as the intricate interplay of decentralized technologies raises questions about data protection and user anonymity.
In the discourse surrounding Web3, controversies also surface regarding the potential commodification of online interactions.Detractors argue that the proliferation of non-fungible tokens (NFTs) and play-to-earn models could inadvertently turn the digital realm into a transactional space, overshadowing the organic nature of online engagement. Striking a balance between innovation and ethical considerations becomes paramount to ensure that the positive potential of Web3 is not overshadowed by negative consequences.
Amidst these divergent perspectives, the foundations of Web3 rest on the blockchain, particularly Ethereum, and the smart contract language Solidity. Ethereums programmable blockchain has become the bedrock for a myriad of decentralized applications (DApps), underpinning the functionality of Web3 and enabling the execution of smart contracts that govern interactions within this decentralized landscape.
In navigating the landscape of Web3, it becomes evident that its true essence lies in the balance between innovation and responsibility. Stakeholders must collaboratively address concerns, fostering a space where the promises of decentralization are realized without compromising fundamental values. The journey toward a fully realized Web3 paradigm requires a nuanced understanding, embracing the complexities while striving for a future that aligns with the diverse visions and concerns that define this evolving narrative.
Proponents of Web3 envision a future where users have greater control over their data, transactions, and online interactions. Web3s promises a compelling vision for a future internet, one where users wield unprecedented control over their digital footprint. Advocates of Web3 passionately advocate for a transformative paradigm where individuals can not only safeguard their data but also monetize their online activities, ushering in a new era of economic agency. This promise extends beyond the individual, with some proponents envisioning Web3 platforms as catalysts for democratic governance, reducing dependence on traditional advertising-driven models and nurturing a more private, user-centric internet experience.
The allure of a user-centric internet, however, does not overshadow the nuanced challenges and controversies entwined with the Web3 narrative. The realization of these promises hinges on addressing critical issues, such as the intricacies of data ownership, the intricacies of democratic governance, and the potential unintended consequences of decentralization.
In conclusion, Web3s promise holds the key to reshaping the digital landscape, offering a tantalizing glimpse into a future where users dictate the terms of their online existence. Yet, this vision requires a discerning examination of the hurdles that stand in its path. Through a nuanced exploration of Web3s intricacies, we strive to contribute to a comprehensive understanding of this evolving narrative, shedding light on both the promises and complexities that define the trajectory of the user-centric internet.
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What is Web3? An introduction for newcomers | by Paul Simroth | Dec, 2023 - Medium
BNP’s Election Strategy: Focus on Decentralization & Responsible Opposition – BNN Breaking
Posted: at 2:47 am
BNPs Strategic Stance: Abstaining from Elections & Emphasizing Decentralization
Majibur Rahaman, the Joint General Secretary of the Bangladesh Nationalist Party (BNP), has announced the partys decision to abstain from the forthcoming city corporation elections. During a recent press conference at the BNP Central Office, Rahaman stated that this move was a strategic choice rather than an indication of weakness. He emphasized the BNPs role as a responsible opposition party, consistently opposing any governmental policies or actions perceived as corrupt or unjust, while avoiding strikes, rallies, or destructive activities.
The BNP, during the press conference, unveiled a 24-point election manifesto that primarily focuses on decentralization. The party plans to upgrade existing divisions into provinces and rename them. New proposed names include Uttar Banga, Barindra, Jahangirnagar, Jalalabad, Jahanabad, Chandradwip, Pahar Maynamoti, and Chattala Province. A core part of this decentralization initiative entails transferring at least 50% of central government departments to these provincial capitals.
This restructuring aligns with the BNPs objective to establish a federal government structure in Bangladesh. This would also involve a complete overhaul of the Election Commission, ensuring it operates as a fully autonomous and impartial entity. Rahaman underlined that the BNPs primary aim has always been to safeguard the peoples interests and instigate positive changes in governance and administrative systems without resorting to disruptive measures.
In stark contrast to the BNPs stance, recent disruptions, including vandalism and arson attacks on the railway during a BNP-Jamaat called blockade, have caused physical harm to citizens and extensive damage to government property. These actions aim to obstruct the upcoming elections and the nations progress. The government and the people of Bangladesh are steadfastly against such acts of violence. They are resolute in preserving peace and continuing the countrys socio-economic development, even in the face of these challenges. A non-cooperation movement, urging people to boycott the upcoming general elections on 7 January, was announced by the BNP Senior Joint Secretary General Ruhul Kabir Rizvi during a virtual press conference.
In conclusion, while political unrest persists in Bangladesh, the BNP continues to emphasize its dedication to positive change and the protection of peoples interests. Despite the decision to abstain from the upcoming city corporation elections, the party remains committed to its strategies, focusing on decentralization and the establishment of a federal government structure. The BNPs stance is a testament to their aspiration for a more democratic and just society, without resorting to disruptive protests or acts of violence.
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BNP's Election Strategy: Focus on Decentralization & Responsible Opposition - BNN Breaking
Grandma Wins At Crypto: A16z Reveals Plan To Make Web3 Easier For Everyone – Benzinga
Posted: at 2:47 am
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Venture capital firm Andreessen Horowitz(a16z) on Fridayreleased its 2024 predictions report, whichfocusedon democratization, user experienceand the integration of artificial intelligence (AI) as the driving forces behind crypto's evolution.
Decentralization Takes the Lead: Miles Jennings, general counsel and head of decentralization, emphasizedthe importance of shifting control away from centralized entities.
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He envisionedmore effective DAOs and innovative decentralization models leading to a more transparent, user-driven ecosystem.
This shift wouldempower users and promote diverse solutions that cater to a wider range of needs.
UX Revolution On The Horizon: Eddy Lazzarin, chief technology officer, predicteda significant improvement in user experience (UX) for crypto.
Passkeys, embedded wallets, and smart accounts are among the advancements that will simplify onboarding and interaction with decentralized applications (dApps).
These advancements aim to make crypto more accessible and intuitive for mainstream users, bridging the gap between Web2 and Web3.
AI And Blockchain Convergence: Andrew Hall and Daren Matsuoka, researchers, sawdecentralized AI as a major development.
Crypto couldempower individuals to contribute to AI training and data, democratizing innovation and making AI safer for users.
Open-source platforms couldencourage ethical development and mitigate risks associated with centralized AI models.
Play And Earn Redefines Gaming: Arianna Simpson, general partner, believed"play to earn" is evolving into "play and earn, shifting the focus from mere earning to creating fun and sustainable game economies.
Players wouldrightfully capture more value they generate within these virtual worlds, transforming the relationship between game platforms and users.
Also Read:Memecoin Madness: Solana Degen Turns $92 Into $1.5M In 16 Days Trading Silly Token, Can You Repeat This Dream?
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AI & Crypto: Guaranteeing Game Integrity: Carra Wu, investing partner, warnedthat AI-powered games require guarantees of fairness and transparency.
Crypto plays a crucial role here, enabling users to understand and verify the game's logic and code, ensuring everyone plays by the same rules.
Formal Verification Simplified: Daniel Reynaud, research engineering partner, introducedaccessible formal verification tools aimed at securing smart contracts.
These tools cater to the unique needs of blockchain development, making code more robust and less vulnerable to costly hacks.
NFTs as Ubiquitous Brand Assets: Scott Duke Kominers, research partner, predicteda surge in NFT adoption by brands.
From loyalty programs to co-creation initiatives, NFTs will become integral to brand identity, customer engagement, and product experiences.
This trend will see NFTs transitioning from niche collectibles to mainstream brand assets.
SNARKs Take Center Stage: Sam Ragsdale, investment engineer, highlightedthe growing prominence of SNARKs, cryptographic tools that verify computations without revealing underlying data.
SNARKs will enable a multitude of innovative applications, from secure edge computing to verifiable media edits and self-auditing forms.
Why It Matters: Andreessen Horowitz painteda picture of a crypto industry embracing decentralization, user-centricity, and AI integration.
These trends have the potential to bring crypto mainstream, empower usersand unlock new possibilities across various sectors.
As innovation continues at a rapid pace, 2024 promises to be another pivotal year for the ever-evolving world of crypto.
Also Read:Hodl Your Horses, Bulls: Matrixport Predicts Bitcoin Stampede Will You Get Trampled Or Triumphant?
Photo: Shutterstock
Ready for your shot at the next potential 32%, 39% or 45% gains in today's market? You're about to miss Stock Expert Gianni Di Poce's 3 latest stock ideas... Ones that could shift your entire wealth-building journey. If you're ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Grandma Wins At Crypto: A16z Reveals Plan To Make Web3 Easier For Everyone - Benzinga
Ask the Life Coach: The Power of Regrets | Ask the Life Coach – coastalbreezenews.com
Posted: at 2:47 am
Dear Regretful,
Regret expert and author, Daniel Pink writes, The power of regret comes from looking backward, and forward (to opportunities). People should use regrets to their advantage by seeing them as a reverse negative of the thingsthey value most.
If only I'd done the work = a value of stability
If only I'd taken the risk = a value of growth
If only I'd done the right thing = a value of goodness
If only I'd reached out = a value of love
Sound familiar? I think Mr. Pink has an interesting perspective around determining values.
Heres more from Pink. Using psychology research and data from both his American Regret Project and World Regret Survey, Pink discoveredfour core categories of human regret and included them in his book,The Power of Regret,How Looking Backward Moves Us Forward.
1. Foundation regrets - the regrets that rock our need for a level of stability like failure to be responsible, conscientious, or prudent.
2. Boldness regrets - As we age, we often regret the chances we didnt take more than the chances we did. Opportunities like travel, lost love, or career advancement/change.
3. Moral regrets - These are low road decisions that we now painfully regret. Cheating, bullying, deceiving persons we care about.
4. Connection regrets - Connection regrets arise when we neglect the people who have helped to establish our sense of wholeness. People who give/gave our lives purpose.
According to experts, having regrets for those things youve done and not done is common. Im not an expert on regret but, as a Life Coach, Id suggest you take action in order to move past your regrets.
- Make the call or visit and settle your differences.
- Challenge yourself to complete your bucket list or try something youve been wanting to do but have been unwilling to take the chance.
- Ask for forgiveness (from the person and/or from yourself and/or from God).
Make a vow that the wrong will not be repeated. Jesus said, You are forgiven, now go and sin no more. If youre not a religious person (or even if you are), you might want to talk to a counselor or a trusted person to whom you can confess. Then, let it go! Put the regret behind you and, as you state in your email, go live freely in the present.
Mershon Niesner is a Certified Life Coach and author of The Bootmakers Wife and Moms Gone, Now What? Both books are available on Amazon and locally at Sunshine Booksellers and Keep In Touch. Email your coaching questions to askcoachmershon@gmail.com. Your identity will be kept strictly confidential.
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Life coach reveals five warning signs to help you spot a NARCISSIST – and the VERY sneaky tactics they use to – Daily Mail
Posted: at 2:47 am
By Kelsi Karruli For Dailymail.Com 22:24 21 Dec 2023, updated 13:59 22 Dec 2023
A life coach has shared the five signs that will help you spot a narcissist during an argument - and what they made to make you look like the bad guy.
Mark Fennell has been helping people transform their lives for over 20 years and he frequently shares his life-changing tips on his TikTok account, where he boasts over 65,000 followers.
Throughout his time as an Ireland-based mentor, he came across his fair share of self-centered people and has issued a warning to viewers when dealing with them.
In a viral video, which has so far amassed over 7.2 million views, he shared the five indications that you're dealing with a narcissist.
He captioned the clip: 'How to spot a narcissist in an argument. My five signs they might be narcissistic.'
'I've been life coaching people for 20 years and I've seen my fair share of narcissistic behavior,' Mark said before jumping into the signals.
The first sign you're dealing with an egotistical person is if they always 'play victim.'
The life coach explained that narcissists never believe they are the 'cause of anything whatsoever.'
'They're always the victim and they will always play the victim card,' he added.
Moving on to the next key, Mark said narcissists refuse to take accountability for their actions and will 'deny' being at fault.
'Number two, denial. They will always deny everything and anything that points at them as being the cause, they will never take ownership and will never take responsibility, instead they will deny,' he noted.
Another sign that will point to someone being a narcissist is when they attempt to turn the conversation around on you.
'Number three, deflection. They will deflect away from themselves and suddenly, you'll find that the conversation is becoming about you and not about them,' he explained.
The fourth signal that you are in an argument with a narcissist is obvious when they begin to gaslight you.
Mark said: 'They will gaslight you, they will make you doubt how you perceive the situation, they'll say things like, "Oh it wasn't like that", or, "Oh I didn't mean it like this."
'They will make you doubt what you believed happened and how you recall what happened.'
Lastly, narcissists will become aggressive when they don't get what they want.
'When all four other options have failed, they will attack and become aggressive. This is to intimidate you and make you back off,' he said.
People flooded the comments section and praised the life coach for his advice.
One person said: 'They're exhausting.'
Someone else added: 'The true victim is never allowed to get their point across.'
Another user wrote: 'They are the victim or the star of every story!'
'Spot on,' someone else added.
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Life coach reveals five warning signs to help you spot a NARCISSIST - and the VERY sneaky tactics they use to - Daily Mail
Juwan Howard explains how being away from team impacted his view on life, coaching – On3.com
Posted: at 2:47 am
Juwan Howard returned to the Michigan bench as the head coach of the Wolverines following his recovery from heart surgery. This summer and leading up to that moment, Howard had a lot of time to reflect.
A lot has happened since then. The Wolverines are just 6-5 following a win over Eastern Michigan and Howard is under investigation for an alleged altercation at practice.
Well being away, I got a chance to reflect on it late at night, Howard said. Im awake and Im listening to the heart monitor Now, its taken me some time to get back to sleep. But one of the things I think about is basketball never leaves my mind. Ive always wondered like, Okay, well how can you have the growth mindset? What are some of the most important things that your team needs to help grow?
How can you challenge the staff like, what are some of the things that as a staff, how can we be the best version of ourselves for them? And those are the thoughts that I have, but then also, there are thoughts that I had in my mind like, Okay, if I want to continue this journey of basketball, I put my health first and I took my time during the process.
Having heart surgery really put everything into perspective for Howard on and off the court. He really processed all of his emotions.
Im not one to be really scared, Howard said. I had no idea what I was truly facing but to hear like, you know, open heart surgery. I was like, Okay, well bring it on. Theres another situation Ive dealt with, you know what? I cant run from it.
So this is what it is. And thats the athlete mentality that I have. Not knowing that surgery. I had never had serious surgery before. playing in the NBA or playing in college with the three broken noses. But to have open heart surgery, that surgery was over. I was like, Whoa, I felt like I got hit by a Mack truck. And it took some time.
Howard knew that he had to take a different approach, but you werent going to remove the athlete or coach out of him.
Im going to, of course, put my head down and be in a puddle and just feel sorry for myself or Im gonna toughen up, roll up my sleeves and say you know what, there is no time, Howard said. Lets figure out how to get out there.
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Juwan Howard explains how being away from team impacted his view on life, coaching - On3.com
Bachelor Nations LaNease Adams Empowers Youth with Self-Love Through Public Speaking Engagements and Life – EIN News
Posted: at 2:47 am
The reality TV star of The Bachelor season one has published her first book titled, Your Special Light, which is now available on Amazon.
With the country as her audience, Adams is setting out to speak to young minds, informing them about the importance of self-love, especially during their formative years when peer pressure and societal expectations can be overwhelming.
"I have always wanted to use my knowledge to help others, Adams states. I believe that the human experience is made better by us sharing wisdom with one another. Being able to use my journey to help teens find self-love early on in their lives, and possibly avoid some of the pitfalls that I fell into, makes my lifes purpose so much more fulfilling." More of her journey was detailed in her self-written article, published by The Elephant Journal, titled How my Time on The Bachelor Helped Kick-Start my Self-Love Journey.
According to those who know her, Adams commitment to this cause is not only evident in her motivational speeches, but also in her literary contributions. For example, Adams has authored a 33-page children's book, titled Your Special Light, that serves as a tool for parents and educators to initiate conversations about self-worth with children. The book's narrative focuses on a young girl named Kendall, who, with the help of her mother, learns about the Special Light inside her that signifies her unique value and potential. This tale is designed not only to entertain but also to educate, instilling early seeds of self-acceptance, confidence, and love in its young readers.
Adams newly launched life coaching services are an extension of her personal experiences and the wisdom she has gained through them. Her sessions are poised to be a guiding light for many, providing strategies and insights to help individuals navigate the complexities of personal growth and self-acceptance. Her approach is compassionate and empathetic, shaped by her own narrative that includes the ups and downs of reality television fame and a successful career in acting and writing.
For additional information or to inquire about her life coaching services and speaking engagements, interested parties can contact LaNease Adams via email at BookingLaNease@gmail.com or http://www.laneaseadams.com.
About LaNease Adams
LaNease Adams is a multi-talented actress and TV reality star who, as a child, began performing in plays and quickly found her passion for the stage. As an adult, she's trained at the Aaron Speiser Acting Studio, the Ivana Chubbuck Acting Studio, The Groundlings, as well as with Bobbie Chance, making her a highly qualified actress in her own right. Her career includes roles in television, film, and music videos alongside industry veterans such as Britney Spears, Jennifer Lopez, and Snoop Dogg. Her appearance on The Bachelor marked historical moments, as she shared the first ever kiss and was also the first African American woman to appear on the show.
In addition to The Bachelor and her new film, Heaven's Revenge, a film where she served as lead, writer, director, and producer, LaNease has appeared on Good Morning America, Access Hollywood, Entertainment Tonight, and The Howard Stern Show. She has also been featured in a variety of popular magazines, including Women's Health, Vanity Fair and People.
LaNease is also passionate about health and wellness, and often speaks on the importance of self-care, and self-love.
LaNease Adams Actress and Author BookingLaNease@gmail.com Visit us on social media: Facebook Twitter
Nozuko Ncayiyane on overcoming her fears and becoming a life-coach | Life – News24
Posted: at 2:46 am
Nozuko Ncayiyane.
Photo: Gallo Images/Oupa Bopape
In addition to being an actor with an impressive resume filled with award-winning TV productions, Nozuko Ncayiyane has added life coaching to the list.
She started her journey wanting to merge teaching and acting.
While the wellness space is filled with turmeric recipes, fitness junkies, and all the buzzwords that come with taking care of oneself, she instead went into a space where she could mentor young women and help them find their purpose.
Speaking to News24,the actor said pursuing life coaching was an organic decision.
In 2022, shejuggled her studies at Subconscious Frequency Academy with the demands of being an actor in Diep City.
"I've always known that I like teaching; hence, when I got to Skeem Saam, I was studying teaching, but I've never really understood how I [can] merge teaching and acting. I then thought it would be lovely to do facilitating or life coaching so that I still get to exercise my passion for teaching. For years, I just started manifesting ideas of doing life coaching until I heard about subconscious frequency, an educational platform where they teach you to become a life coach. I did the course for three months, and then I got the certificate; I got certified to be a life coach to give guidance and mentorship."
The wellness business applies to everyone; life coaching [I have] been able to merge teaching and acting but also consciousness, awakening people and teaching them about who they are and finding their purpose. So, that is the kind of work I do mostly with young women to give guidance and mentorship.
Feeling a lot of joy
Reflecting on this year and all her milestones, Ncayiyane said the chapter she is in is one where she is whole.
"I'm feeling a lot of joy. I am exactly where I need to be. However, there are some things that I've always known: that I will be here.
"It has always been inside of me. I've had doubts and doubted a lot throughout the years. And I can only say that now I'm at a point where I feel like I am where I need to be, and like I was supposed to be an actor and that I am an actor. I didn't even believe for years that I was an actor and that I could act."
READ MORE |'My favourite': Nozuko Ncayiyane loves her latest 'provocative' role as a sangoma in S'phiwo
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Nozuko Ncayiyane on overcoming her fears and becoming a life-coach | Life - News24
Grayscale and Harris Poll unveil cryptocurrency’s role in 2024 election – crypto.news
Posted: at 2:46 am
According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election.
As stated inthe report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies were all mentioned in the American Presidential primary debate, resulting in the release of2024 Election: The Role of Cryptoa survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company.
From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space.
🚨NEW: @Grayscale partnered with @HarrisPoll to get a read on the role of #crypto in the 2024 election. Some key findings were:
🔱46% of likely voters say that they are waiting for additional policies and/or regulation before investing in crypto.
🔱40% expect their future…— Eleanor Terrett (@EleanorTerrett) December 21, 2023
Simultaneously, data showed that 40% of respondents anticipate incorporating cryptocurrency into their future investment portfolios, signaling a growing acceptance of this emerging financial frontier. Equally noteworthy is that nearly half of the surveyed voters, 48%, expressed that implementing additional policies or regulations around cryptocurrency would make them more inclined to invest. The survey also unveils a generational trend, with Gen Z and Millennials displaying a keen interest in the candidates understanding of crypto.
A substantial 59% from both demographics express a likelihood of voting for a candidate well-versed in cryptocurrency matters, and an additional 50% and 48%, respectively, consider a candidates stance on crypto a decisive factor in their vote for the 2024 U.S. presidential election.
In alignment with an earlier report from Nov. 9, Galaxy Digital Holdings CEO Michael Novogratz expressed reservations about the progression of cryptocurrency regulations in the United States leading up to the anticipated 2024 presidential elections.
In the third quarter earnings call for the company, Novogratz predicted a delay in U.S. crypto regulation until post-2024 elections. With many likely voters interested in cryptocurrency regulation, Novogratzs prediction will likely check out.
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Cryptocurrency Statistics and Trends in 2023 Forbes Advisor UK – Forbes
Posted: at 2:46 am
Cryptocurrency is an extremely high-risk and complex investment. Dont invest unless youre prepared to lose all the money you invest. You are unlikely to be protected if something goes wrong.Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in Cryptocurrency. Should you decide to invest in Cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose.
(including market capitalisation and individual token price as of 5 December, 2023, CoinMarketCap)
Price: $41,719.56
Market Cap: $816,019,061,518
Price: $2,205.83
Market Cap: $265,252,645,486
Price: $0.9999
$89,814,712,264
Price: $229.57
$34,823,334,708
Price: $0.6104
Market Cap: $32,890,551,566
Bitcoin: 82%
Ethereum 14%
Litecoin: 9%
None: 8%
XRP: 5%
(CoinMarketCap, 5 December 2023)
At a glance, the trading volume* (24hrs) for some of the four largest crypto exchanges by volume were:
*Data retrieved from CoinMarket Cap on 6 December, 2023
Trading volume data provided by crypto exchanges is not necessarily an accurate indicator of trading activity as some exchanges have inflated their numbers in order to raise the profile of the exchange and draw in new investors. (Source: Investopedia and Nasdaq.com.)
As of February 2022, 10% of UK adults were estimated to hold or to have held some form of crypto asset (UK GOV):
*HMRC survey conducted between 15 February and 22 June 2021
According to a survey from lendingtree.com, conducted in November 2022, a higher percentage of 38% of cryptocurrency investors have reported to lost money rather than profited, 28% say they made a profit, and only 13% broke even.
Be mindful, past performance is not an indicator of future results. Cryptocurrency is an extremely high-risk investment. Should you decide to invest in cryptocurrency, you should always obtain appropriate financial advice and only invest what you can afford to lose.
1 260: 40%
260 1,000: 5%
1,001 9,999: 7%
1 260: 25%
260 1,000
1,001 9,999: 13%
10k+: 6%
1 260: 25%
260 1,000: 13%
1,001 9,999: 15%
10k+: 12%
1 260: 18%
260 1,000: 17%
1,001 9,999: 11%
10k+: 3%
Resources:
Cryptocurrency is unregulated in the UK. The UK regulator, the Financial Conduct Authority, has repeatedly warned investors that they risk losing all their money if they buy cryptocurrency, with no possibility of compensation.
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Cryptocurrency Statistics and Trends in 2023 Forbes Advisor UK - Forbes