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Should you buy New Economy Movement (XEM) now?

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New Economy Movement XEM/USD was developed to be a better blockchain when compared to many others and it tries to do this through the usage of two key concepts of proof-of-importance (PoI) as well as harvesting. Many blockchains, for example, use proof-of-work (PoW) or proof-of-stake (PoS). 

This requires a mining device to do the work for the blockchain, where the rewards are allocated to the miners based on their contributions, and New Economy Movement uses harvesting instead of it, which might be a good reason as to why this might be a good time to buy XEM.

Generating XEM in New Economy Movement

PoW leads to a lot of power consumption, and PoS incentivizes cryptocurrency saving instead of spending, as the participants with more coins hold more power.

PoI rewards users that make transactions with others on the network, and conducting more transactions above a minimum size also adds to a participant’s POI score and helps that participant gain a lot more chances to claim a reward. 

In other words, they cannot be mined, and instead, the new coins are produced through what is known as harvesting in order to determine who harvests the next block. Through this method, every time a transaction is initiated, the first computer to see the transaction notifies other users around that transaction while generating a new block.

Whenever a user who has 10,000 vested XEM ends up generating a block in NEM, they get the transaction fees as a reward. This is why you might want to invest in XEM early on, as there will come a point in time where many users will want to vest 10,000 XEM tokens in order to harvest the next blocks.

Should you buy XEM?

On March 17, NEM launched Symbol after 4 years of development, which is the next evolution of the blockchain. In fact, the mainnet officially went live and marked the next chapter for the blockchain. Symbol is intended to be the connection between businesses and the blockchain, developed with interoperability in mind. 

This is when we saw the value of XEM at $0.39. Keep in mind that Symbol has its own token, XYM, which runs in parallel with NEM.

On May 23, 2021, the NEM Group announced that it would enter the NFT space with sports legend Sir Kenny Dalglish and the Manchester City star Riyad Mahrez. 

NEM’s entry into the digital collectibles space is focused on offering a premium product experience aimed to bring fans and supporters closer to the brands that they love. This can, potentially, increase the value of the XEM token over time as more people become interested in it due to this new NFT initiation.

If we look at its history, we can see that XEM had a bullish start which was seen as a good sign. It sat comfortably around the $0.20 mark throughout the beginning of 2021.

On June 14, 2021, XEM is worth $0.16. With the innovations and increase in popularity of XEM we could potentially see it rise to over $0.30 by the end of 2021. However, if it ends up falling below $0.15, it would be seen as a bearish sign as a key support level failed to attract patient buyers looking for an opportunity to buy on a dip.

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XRP, Cardano, AAVE Price Analysis: 14 June

The last 12 hours have been favorable for all coins in the market. Even the total market capitalization was up by 8% at press time. Cardano was also boosted by the news of smart contracts now running

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RNN Episode 164 – RAP is Back!

After a long year, the first major show is back and that show is RAP! Join me for several interviews from the floor, apologies up front as my audio is a little loud but had a headphone failure and was talking too loud! Listener Coupon Codes: Marine Depot 10% off your order REEFNEWS Reef Kinetics – $50 off ReefBot RKLOVES Show Watch 2021 Reef-A-Palooza Orlando May 15/16 New York – June 26/27 California August 21/22 Chicago October 16/17 MACNA – September 3, 2021 – September 5, 2021 Aquashella- Orlando June 12/13 Chicago August 14/15 Dallas October 30/31 Powered By: Fritz Aquatics: www.fritzaquatics.com ReefBreeders: www.reefbreeders.com Sicce: www.sicce.com/en/ Media Partners: ReefHacks: https://reefhacks.com Reefs.com: https://reefs.com/ Bahama Llama Coral: https://www.youtube.com/c/BahamaLlamaCoral Reef2Reef: www.reef2reef.com Main Topic: 008 – a practical guide on how to effectively attack and win at a Frag Show! We tell you how to plan, what to bring, and what to do once you are home with all your new buys! Outro: Please like our Facebook and Instagram pages as well as subscribe to the Podcast Reef News Network: www.reefnewsnetwork.com Reef News Road Trip: https://bit.ly/2LZfoKd . Instagram: ReefNewsNetwork Hashtags to follow #ReefNewsNetwork , # , #nation Listener Calls: Go to: www.reefnewsnetwork.com click the tab on the right side of the page to leave us a voicemail. Reviews/Ratings: Reviews and Ratings help us reach new heights and continue to produce quality content, let us know how we are doing.

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Ethereum, Stellar Lumens, VeChain Price Analysis: 14 June

Even though Bitcoin climbed back above $39,000 after a jump of 8% in a single day, not all coins witnessed a surge in value. Alts such as Ethereum, Stellar Lumens and VeChain saw limited gains within

The post Ethereum, Stellar Lumens, VeChain Price Analysis: 14 June appeared first on AMBCrypto.

Why this market veteran is a fan of Cardano and Polkadot?

Altcoins, as a whole, have seen an unprecedented amount of development and adoption over the past year. Altcoin market dominance rose from an almost negligible share to above 55% in the present time.

The post Why this market veteran is a fan of Cardano and Polkadot? appeared first on AMBCrypto.

Scottish roofing company ASAP accepts crypto payments

Scottish roofing company crypto payments

ASAP Roofing and Building Ltd., a Scottish roofing company has unveiled that its client base, which includes pensioners, has been increasingly using Bitcoin (BTC) to pay for its services. The company started accepting crypto in 2020. Reportedly, the company now accepts multiple cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and XRP (XRP).

The Glasgow-based company is run by 20-year-old Kaeleb Mckay and his father Cameron. The firm specializes in the roofing of industrial, commercial, and domestic buildings. Apart from this, the company takes pride in traditional build maintenance and repairs. Kaeleb noted that they chose cryptocurrencies as a means of payment because they get paid quickly.

Despite being only 20-years-old, Kaeleb disclosed that been involved in the crypto space for years. According to him, he took a keen interest in crypto as early as 2014. Proving that BTC cuts across all age groups, Kaeleb said that he did a £500-repair in November last year for a pensioner that was well into her 60s. The surprising thing was that she wanted to pay in BTC.

Crypto adoption increases despite mounting concerns

Apart from the above case, the company has received crypto payments on multiple occasions. Kaeleb disclosed that just a few weeks ago, other elderly Brits wanted to pay in crypto with one man paying £180 in ETH for an emergency roof repair.

Although ASAP Roofing and Building Ltd. saw an opportunity and seized it, UK’s financial regulators are increasingly clamping down on crypto. For instance, the Financial Conduct Authority (FCA) cautioned UK citizens that they should be able to lose all their money if they invest in cryptocurrencies. Reiterating the concerns that global financial watchdogs have over cryptocurrencies, the FCA said cryptos are high-risk, speculative investments.

While ASAP Roofing and Building Ltd. has made headlines with its news of accepting BTC, it is not the first company in the field to embrace crypto. In January 2018, Elite Roofing, a roofing company based in Denver announced that it had started accepting BTC for its roofing services. At the time, Randy Brother, the company’s CEO, said cryptocurrencies like BTC are the way of the future.

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Ken Moelis: People Want BTC Like They Wanted Gold Two Centuries Ago

Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking

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Bitcoin, MATIC, THETA Price Analysis: 14 June

Bitcoin’s breakout above its descending channel boosted the world’s largest digital asset back toward the $39,000 mark. Alts such as MATIC and THETA posted gains on the back of bullish sentiment.
Bit

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This Bitcoin analyst said he would 'pick up a long' at this range

Out of more than 1,600 and available cryptocurrencies in the market, Bitcoin and Ethereum are the most dominant and relevant ones. While the former remains the largest coin in terms of market capitali

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Paul Tudor Jones talks meme stocks, asset allocation, and inflation

Wall Street's three main indexes remain under pressure after news about reducing stimulus by tapering bond purchases

Hedge fund manager Paul Tudor was a guest on CNBC’s “Squawk on the Street” segment Monday morning with plenty to talk about, including meme stocks, how Bitcoin fits in with his stock portfolio, and his take on the latest inflation data.

Meme stocks aren’t for everyone

Concerning the meme-stock craze, Tudor Jones believes that retail investors should follow the investment thesis they desire, regardless of what it may be. Personally, he said he would not pursue the type of investment strategy that dominates forums like Reddit. He added:

For me, I want to have a sound investment thesis other than just necessarily running shorts in or necessarily doing things simply because of the fact it is extraordinary and hasn’t been done before.

As a whole, he said the stock market is trading at a premium valuation compared to the broader economy. This creates a potential scenario where the top has been reached and if history repeats itself, we could see a signficant correction coming.

Bitcoin is a ‘great diversifier’

Although traditionally known as a stock picker, Tudor Jones said there is room for 5% of his portfolio to include Bitcoin. He said that Bitcoin can serve as a “great diversifier” for his portfolio and cryptocurrencies as a whole offers “a story of wealth.”

He said that he likes putting his money in something honest, reliable, consistent, and 100% certain and reliable, and this can apply to Bitcoin. He further claimed that he likes investing in Bitcoin because it means he’s investing in certainty. He explained:

Bitcoin is math, and math has been around for thousands of years, and two plus two is going to equal four, and it will for the next two thousand years. So I like the idea of investing in something that’s reliable, consistent, honest, and 100% certain.

While Bitcoin accounts for 5% of his portfiolio, another 5% is invested in gold, 5% in cash, and 5% in commodities. He’s not so sure about the other 80% leftover as of right now. He says that he’ll wait and see what action the Federal Reserve will take in the upcoming policy meeting as its actions will “have a big impact.”

Monetary and fiscal policy is ‘crazy’

Tudor Jones also said the current mix of fiscal and monetary policy is “crazy” to the point where it might even be the craziest since the creation of the Federal Reserve. He states that, given how the economy looks right now, the combination of easy monetary policies and high government spending goes against economic orthodoxy.

He further claims that high prices in both gold and cryptocurrency result from people losing faith in the Federal Reserve. He says that it’s “disingenuous” for the Federal Reserve to look at inflation as “transitory.” This stance has led to people questioning the central bank’s market capabilities. 

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