ARE ALTCOINS PUMPING DUE TO THIS... (1,200%+ GAINS) - YouTube

all the right welcome back everybody to alt coin  daily my name's austin right now in real time  

we are watching cryptocurrency accumulation  happen both bitcoin and ethereum grinding upwards  

certain select altcoins grinding upwards but why  why are altcoins pumping in today's video i want  

to share with you the latest cryptocurrency news  involving coinbase and bitcoin involving openc  

and ethereum as well as litecoin avalanche  algrand and much more like always check the  

timestamps down below in the video description  and let's jump in starting with coinbase  

coinbase has just applied to list crypto futures  products so the company has filed to become a  

member of the national futures association and  why this matters to you because i know many  

of us aren't necessarily future straighters this  could have big regulatory implications if approved  

coinbase has taken the first step to try and list  crypto futures products we know this according  

to a search on the national futures association  website and a tweet by coinbase in a direct quote  

this is the next step to broaden our offerings  and offer futures and derivatives trading on our  

platforms and what's interesting is the coinbase  entity the company that we know with the ceo brian  

armstrong was not the entity that filed to get  approval to trade futures coinbase inc appears as  

not an nfa member but coinbase financial markets  inc is a pending nfa member so technically not the  

same company it's a different ceo different  company although for all intensive purposes  

they are both still coinbase according to the  nfa website coinbase financial markets ceo so the  

different company is joseph nicholson who joined  the exchange in 2018 and if you're asking why this  

company why this ceo instead of brian armstrong  and the coinbase company we know joseph nicholson  

has been a registered broker with the financial  industry regulatory authority finra for over 20  

years according to finra's broker check so he does  have the relationship it will probably be easier  

to get approval so if they get this regulatory  approval this will be just yet another green  

flag that cryptocurrency especially crypto in  the us is here to stay i'll keep you updated  

and next piece of news let's talk about crypto  adoption outside of the us crypto adoption in  

africa has surged over one thousand two hundred  percent in 2021 alone and that's based on the  

data according to a review by chain analysis the  1200 increase in incoming cryptocurrency volume  

over the year is almost 50 percent higher than  the global growth average because the rest of  

the world united registers an also mind-blowing  880 increase in that same period and what are the  

specific regions well in a direct quote not only  has africa's cryptocurrency market grown over 1200  

percent by value received in the last year but  the region also has some of the highest grassroots  

adoption in the world with kenya nigeria south  africa and tanzania all ranking in the top 20  

of our global crypto adoption index so pretty  self-explanatory we can see this mind-blowing  

chart illustrating the africa adoption compared  to all the other regions right here and what's  

even more interesting to me is just even the  peer-to-peer transactions just from person  

to person exchanging crypto crypto adoption  is happening and if you're asking why well  

considering that the continent is dominated by the  unbanked population the use of p2p platforms has  

established itself as an easy way to move funds  internally however the report says that almost  

96 of crypto transfers in africa are related to  the remittance market so in a lot of ways this  

is where crypto is needed most people that don't  have access to financial stability they've never  

had a bank account are finally able to have some  self-sovereignty some ownership some financial  

security with cryptocurrency and for the people  that do have bank accounts in a final direct quote  

if the government is strictly limiting  the amount of money people can send abroad  

they'll get creative and turn to cryptocurrency in  many of these frontier markets people can't send  

money from their bank accounts to centralized  exchanges so they rely on peer-to-peer give me  

your thoughts on this african adoption down  below i will say that cardano is one of the  

altcoins that does have strong that is building  a strong foundation of grassroots adoption in  

africa as well for perspective year-to-date asset  performance the nasdaq is up 19 s p 500 up 21  

gold down a negative six percent from the start  of the year yet bitcoin ethereum cardano way way  

up like you see right here real accumulation  is happening and moving forward let's get real  

specific on certain altcoins why is avalanche for  example pumping the avalanche foundation has just  

raised over 230 million dollars to support  the defy ecosystem so this was a big win  

a lot of money for avalanche and the key is here  the smart money that is investing the avalanche  

foundation has announced a significant 230 million  dollar investment from a venture capitalist  

group spearheaded by polychain and three arrows  capital for the purpose of supporting the growth  

of the defy ecosystem and their ever expanding  list of applications that utilize the blockchain  

and of course the ever-growing avalanche ecosystem  benefits since avalanche's launch in september  

2020 its smart contracts platform is now providing  infrastructure for over 270 industry projects  

including sushi swap chain link circle and the  graph among others and what specifically will  

this money be used for the 230 million dollars  worth of capital raised through the private  

sale of avalanches native token will be allocated  by the foundation across a multitude of use cases  

within its blockchain including grants token  purchases and various forms of investments  

and technology support in a final direct quote  from director of the avalanche foundation  

avalanche has quickly turned promise and potential  into real world impact and value creation for d5  

users and developers the community of builders  rallying around the network is a testament to  

its competitive edge and there is still so much  potential yet to be tapped at the intersection  

of institutional and decentralized finance on  avalanche so as the avalanche ecosystem develops  

i will keep you updated but let's keep moving and  before we get to the latest ethereum and litecoin  

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altcoindailycc check it out link down  below and next piece of major adoption news  

amc adds ethereum and litecoin to their year-end  crypto adoption plans interesting so it's no  

longer just bitcoin they're now going to accept  ethereum and litecoin tweeting on thursday the  

company's ceo announced plans for amc to accept  three other cryptocurrencies ethereum litecoin  

and bitcoin cash and it will be interesting to see  which cryptocurrencies get the most use for buying  

movie tickets because in my opinion amc is not  getting my bitcoin this is like amc saying hey  

we'll accept gold if you want to pay us in gold  in digital gold we'll accept it for movie tickets  

sneaky very sneaky amc you might get my litecoin  you might get some other alt coins but i'm keeping  

my bitcoin i'm keeping my ethereum give me your  thoughts give me your mindset on this either  

way though pretty cool to see this adoption  and next piece of news for ethereum and nft  

platform openc openc's product lead is accused of  using insider knowledge to profit from nft drops  

so here are the details users on twitter  accused nate chastain head of product at openc  

of using secret eth burner wallets to buy nfts  before they were unloaded on the front page of  

openc what gave him away was making the mistake  of sending the profits to his own public address  

here was the first tweet that kind of accused  him of this hey openc why does it appear that  

your product lead has a few secret wallets  that appears to buy your front page drops  

before they're listed and then sells them shortly  after the front page hype spike for profits and  

then tumbles them back to his main wallet with  his punk on it so because openc's product lead  

owns a crypto punk and he made that public  that's how they were able to track his wallet  

and open c is looking into this yesterday we  learned that one of our employees purchased items  

that they knew were set to display on our front  page before they appeared there publicly and  

now openc is doing an investigation thoughts on  this i mean it is a positive openc will not stand  

for this they are looking into this in my opinion  it's just pretty cool the power of the blockchain  

because this happened in traditional markets we  wouldn't know for years if ever at the kind of  

insider trading that's happening but now this  information is democratized and random people  

on twitter can form these do the research  form these opinions and ask these questions  

and final piece of news sky bridge anthony  scaramucci's fund has raised 100 million dollars  

for an al grand fund as well as files for a crypto  company etf this one's pretty self-explanatory  

so if you're wondering why algo is bumping it's  because sky bridge is raising money to support the  

ecosystem but that is the video my name is austin  so close so close but like always see you tomorrow