Author Archives: CryptoCoinstart News Report

Top 3 Cryptocurrencies to Consider for Investment in May - A Comprehensive Guide
Top 3 Cryptocurrencies to Consider for Investment in May – A Comprehensive GuideTop 3 Cryptocurrencies to Consider for Investment in May – A Comprehensive GuideTop 3 Cryptocurrencies to Consider for Investment in May – A Comprehensive Guide

The Best Cryptocurrencies to Invest in May: Bitcoin, Ethereum, and BNB The cryptocurrency sector is...

01
May
New Crypto Investors Influenced by Friends and FOMO, Says FINRA Survey According to a recent survey by the United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation, a significant number of new crypto investors were swayed by suggestions from friends, compared to equities or bond investors. The survey found that the primary reason for 31% of new cryptocurrency investors for their foray into crypto was “friend suggestion,” as compared to only 8% for first-time equities or bond investors. This suggests that there is a social element to cryptocurrency investing not evident in equities or bond investing. In addition to friend suggestions, the survey found that the ability to “start with small amounts” was the second-biggest reason for making a move into the crypto market at 24%, similar to equities and bond investors. Meanwhile, around 10% of respondents indicated a fear of missing out (FOMO) on a “potentially lucrative investment opportunity” led to them buying crypto for the first time. The survey also found that 48% of crypto investors sourced information about the digital asset market from friends, family, or work colleagues, followed by social media at 25%. Stock investors, on the other hand, relied less on personal connections and more on financial advisors and media outlets. The survey also revealed that newer crypto investors were younger on average (37 years old) and less college-educated (28.5% completed a four-year degree) compared to stock investors, who on average are 43 years old and 46.3% of whom have college degrees. Interestingly, the study found that digital asset owners didn’t know as much about cryptocurrencies as they initially thought. Digital asset investors scored 26.6% on a five-item quiz that asked questions about how a cryptocurrency is issued, transferred into U.S. dollars, how it is taxed, and how transactions may be “susceptible" to fraud. The 465 participants surveyed between September 9 and September 29 were randomly selected from U.S. households, with a margin of error of 6.75%. The 2022 survey was part of a follow-up survey from 2020.
Survey finds that new investors were motivated by peer pressure and fear of missing out to invest in cryptocurrency in 2022.

Survey finds that new investors were motivated by peer pressure and fear of missing out...

01
May
Coinbase Executive Leverages ChatGPT 'Jailbreak' to Predict Outlandish Crypto Scenarios with High Accuracy
Coinbase Executive Leverages ChatGPT ‘Jailbreak’ to Predict Outlandish Crypto Scenarios with High Accuracy

Coinbase Executive Leverages ChatGPT 'Jailbreak' to Predict Outlandish Crypto Scenarios with High Accuracy

01
May
Prototype for Jack Dorsey's Nano Bitcoin Mining Chip Underway
Prototype for Jack Dorsey’s Nano Bitcoin Mining Chip Underway

Prototype for Jack Dorsey's Nano Bitcoin Mining Chip Underway

01
May
CertiK Reports $103 Million in Losses Due to Crypto Scams, Exploits, and Hacks in April
CertiK Reports $103 Million in Losses Due to Crypto Scams, Exploits, and Hacks in April

CertiK Reports $103 Million in Losses Due to Crypto Scams, Exploits, and Hacks in April

01
May
JPMorgan Chase to Acquire First Republic Bank in Major Banking Acquisition
JPMorgan Chase to Acquire First Republic Bank in Major Banking Acquisition

JPMorgan Chase to Acquire First Republic Bank in Major Banking Acquisition

01
May
How Crypto Firms Urge UK Regulators to Diverge from US Policies: A Call to Action for Investor Protection and Market Growth
How Crypto Firms Urge UK Regulators to Diverge from US Policies: A Call to Action for Investor Protection and Market Growth

How Crypto Firms Urge UK Regulators to Diverge from US Policies: A Call to Action...

01
May
Mastercard partners with Aptos, Polygon, Avalanche, and Solana to solidify dominance in Web3 space
Mastercard partners with Aptos, Polygon, Avalanche, and Solana to solidify dominance in Web3 space

Mastercard partners with Aptos, Polygon, Avalanche, and Solana to solidify dominance in Web3 space

01
May
Litecoin (LTC) vs Polygon (MATIC): Which Collateral Network (COLT) is Poised for a 68% Price Surge?
Litecoin (LTC) vs Polygon (MATIC): Which Collateral Network (COLT) is Poised for a 68% Price Surge?

Litecoin (LTC) vs Polygon (MATIC): Which Collateral Network (COLT) is Poised for a 68% Price...

01
May
Sotheby's Auction House Introduces On-Chain NFT Secondary Market
Sotheby’s Auction House Introduces On-Chain NFT Secondary Market

Sotheby's Auction House Introduces On-Chain NFT Secondary Market

01
May