Cryptocurrency Archives - Page 2 of 13 - earn money online hindi news: Sunnywebmoney.com

SunnyNovember 16, 2018
preloaderbig.gif

9min130


Bitcoin price crash: Experts have suggested what caused the price fall (Image: GETTY)

The world’s leading cryptocurrency plummeted to its lowest value in more than a year. The drop came as key volatility indicators hit record low levels. The low volatility was widely touted by crypto experts and analysts as an indication of an imminent price swing.

eToro managing director Iqbal V. Gandham told Express.co.uk BTC’s low volatility was “forming a wedge” which meant “sharp move either up or down” was “imminent”.

The CryptoUK chair, who advised Treasury Select Committee chair Nicky Morgan on her Digital Currencies Inquiry said: “Bitcoin price is forming a wedge, which indicates a sharp move either up or down.”

Mr Gandham’s predictions came to fruition on Wednesday when more than 10 percent of BTC’s value was wiped out over the course of few hours.

As a knock-on effect, the whole cryptocurrency market suffered losses, with other major cryptocurrencies such as Ethereum and bitcoin cash affected.

READ MORE: Bitcoin could pave way for NEW FINANCIAL ORDER

Bitcoin price crash

Bitcoin price crash: BTC is a volatile asset that sometimes experiences vast swings in value (Image: GETTY)

Cryptocurrency analysts have pointed to specific factors which may have been instrumental in causing the price dip.

Many have referred to the so-called “hard fork” of bitcoin cash, whereby the digital asset will effectively divide in two to form a new cryptocurrency.

Donald Bullers, North American representative for the blockchain firm Elastos, told The Independent: “It’s safe to say that bitcoin cash’s upcoming hard fork stirring uncertainty among crypto investors, and forecasters across crypto and traditional markets alike have predicted a prolonged bear market heading into 2019.

“Crypto investors have proven to be highly reactive to changes across the landscape, and this dip could be the most recent case study of that phenomenon.”

READ MORE: Bitcoin price down

Bitcoin price news

Bitcoin price news: Overall, bitcoin’s value has increased dramatically since its creation (Image: GETTY)

A “bear” market means the price will continue to fall on a downward trend.

Angel Versetti, CEO of Ambrosus, an Internet-connected sensor firm that utilises blockchain technology, said: “In the first week of November, while the markets for the main large cryptos were flat, bitcoin cash was the only major cryptocurrency shooting up.

“It created strong expectations and pulled the price up, resulting in an outflow of money from other cryptocurrencies.

“However, now a split is looming and the outcome is yet undefined, this has impacted the outflow of money from bitcoin cash.

READ MORE: Bitcoin traders spooked by money-laundering fears

Bitcoin news

Bitcoin news: a chart shows the price over the past 48 hours (Image: CoinMarketCap)

Bitcoin price crash:

Bitcoin price crash: bitcoin lost 10 percent of its value in just a few hours (Image: GETTY)

“As people are moving into fiat, cryptocurrencies are taking a fall.”

Although the price of bitcoin has fallen in recent days, overall BTC’s price has increased dramatically since its creation a decade ago.

Bitcoin economist Saifedean Ammous told Express.co.uk the reason for the meteoric rise in BTC’s price was because its supply growth rate is so small.

Dr Ammous argued bitcoin’s low supply growth would soon make it the “hardest money on earth” as existing fiat currencies become less desirable.

Bitcoin price

Bitcoin price: a chart shows the dramatic price plunge over the course of a week (Image: CoinMarketCap)

He said: “That is why in ten years it has appreciated by about 700million percent.”

Since early September, bitcoin had traded in a narrow range between $6,000 (£4,695) and $7,000 (£5,477), following months of steady losses that had seen it fall from a high close to $20,000 (£15,650) in late 2017.

The recent fall in value could be a sign of things to come for BTC.

But despite the crash, some experts have anticipated a price surge over the final weeks of 2018, calling the reduced volatility the “calm before the storm”.

Bitcoin news

Bitcoin news: BTC could become the ‘hardest money on earth’, Dr Ammous said (Image: GETTY)

Danny Scott, co-founder of crypto exchange CoinCorner, told Express.co.uk bitcoin’s price could reach $15,000 (£11,732) by December.

He said: “If you look at historic trends, November and December typically have been our busier months.

“We are also seeing huge amounts of investment coming through from high net worth individuals and companies buying Bitcoin in high volumes.”

Let’s block ads! (Why?)


Source link


SunnyNovember 16, 2018
Screen-Shot-2018-11-15-at-5.39.48-PM-980x651.png

5min130


A startup backed by Coinbase and Arrington Ventures has launched a cryptocurrency miner for domestic use. The new device, however, won’t be powerful enough to mine Bitcoin (BTC).


Mass-Market Appeal

Coinmine — a startup ran by computer scientist Farb Nivi and industrial designer Justin Lambert — has taken the challenge to bring cryptocurrency mining to the masses. They’re set to release a new mining device called Coinmine One, which is supposedly easy to use and shouldn’t use up more electricity than a vacuum cleaner.

As they prepare it for the market, its price is set at $799. The device is supposed to use regular GPU chips and it won’t be powerful enough to mine Bitcoin (BTC) 00. However, according to the official website, it will mine four other cryptocurrencies, namely Ethereum Classic (29 Mh/s), Ethereum (29 Mh/s), Zcash (290 sols/s), and Monero (800 h/s).

It also has its own operating system which will supposedly allow owners to add other cryptocurrencies in the future.

The startup has managed to raise $2 million from recognized names such as Coinbase Ventures, Arrington Ventures, and the CTO at Coinbase, Balaji Srinivasan. According to the latter, the device presents a pure money-making opportunity:

It’s a pretty cool idea to be able to plug a device into the wall that makes money for you while you sleep. As a purely economic proposition, you’d have to balance the cost of power and the hardware device itself with the cost of the coin or token that you’d be mining. There are so many assets now that there is probably always an arbitrage somewhere.

Two-Fold Appeal

However, according to the CEO of the company Farb Nivi, the new home miner has a two-fold appeal for cryptocurrency enthusiasts:

With automatic updates, MineOS also gives access to new crypto networks like Bitcoin Lightning, Grin, Dfinity, and Filecoin. This feature ensures users do not miss out on powering the next important crypto network.

However, Coinmine will be collecting the currency on behalf of the user and storing it in wallets on its corporate servers, taking a 5% cut for the service.

It’s worth noting, though, that Coinmine One is not the first device intended for simple domestic cryptocurrency mining.

In August, Bitcoinist reported that mining company Canaan launched a bitcoin mining television set dubbed the “AvalonMiner Inside.” The device can supposedly process 2.8 trillion hashes per second at 100W/T. , which is undoubtedly a decent power output for… a TV.

What do you think of Coinmine One? Don’t hesitate to let us know in the comments below!


Images courtesy of Fortune, Shutterstock.

Let’s block ads! (Why?)


Source link


SunnyNovember 16, 2018
bitcoin4.jpg&w=700&op=resize

7min150

Cryptocurrency prices have been relatively calm for the past few months, but that all changed on Wednesday. Leading cryptocurrency bitcoin suddenly plunged below $6,000 to its lowest level of 2018, and most other digital assets followed suit.

Here’s why the volatility has suddenly returned to the cryptocurrency markets, where the largest cryptocurrencies stand, and whether the upward momentum that we saw in 2017 could return anytime soon.

Image source: Getty Images.

Today’s cryptocurrency prices

After relatively low volatility for the past few months, bitcoin and most other cryptocurrencies took a sudden dive on Wednesday. In fact, all of the top 50 cryptocurrencies by market cap (except for those pegged to the U.S. dollar) are in the red for the past week. Here’s a look at the 10 largest.

Cryptocurrency Name (Code) Price in U.S. Dollars 1-Week Change

Bitcoin (BTC-USD)

$5,664.60

(13.2%)

Ethereum (ETH-USD)

$183.61

(15.3%)

Ripple (XRP-USD)

$0.47

(6.4%)

Bitcoin cash (BCH-USD)

$388.62

(29.1%)

Stellar Lumens (XLM-USD)

$0.24

(8.8%)

EOS (EOS-USD)

$4.71

(16.3%)

Litecoin (LTC-USD)

$44.70

(17.2%)

Tether (USDT- USD)

$0.97

(0.9%)

Cardano (ADA-USD)

$0.06

(17.9%)

Monero (XMR-USD)

$89.40

(19%)

Data source: www.investing.com. Prices and daily changes as of Nov. 15, 2018, at approximately 3:10 p.m. EST, and prices are rounded to the nearest cent where appropriate.

Why is the cryptocurrency market plunging?

According to several cryptocurrency experts and industry professionals, the decline has to do with a so-called “hard fork” scheduled for today in bitcoin cash.

If you aren’t familiar, a hard fork is similar in principal to a spinoff in the stock market world. One cryptocurrency essentially splits into two that each function independently. Cryptocurrency insiders like to think of hard forks as upgrades. In fact, bitcoin cash itself was a result of a hard fork of the bitcoin blockchain in 2017, with the idea that the network would be more scalable than standard bitcoin.

The bitcoin cash hard fork actually occurred today (Thursday, Nov. 15) just a few hours before this was written, and the cryptocurrency split into Bitcoin ABC, which is the core bitcoin cash token, and Bitcoin SV, which is the new asset being created. In a nutshell, Bitcoin SV quadruples the block size, meaning that the network will be capable of handling greater transaction volumes.

Without getting too technical, there’s a disagreement in the cryptocurrency community on the direction of the bitcoin cash currency, so there are worries that the market could be somewhat chaotic after the fork is completed. Investment markets dislike uncertainty in most forms, so that could certainly explain why most cryptocurrencies are under pressure.

It’s been a rough 2018 for cryptocurrencies — where will we go from here?

Although bitcoin and most other major cryptocurrencies have been relatively stable for a few months, 2018 has been a terrible year for these digital assets so far. Just take a look at how bitcoin and some of these other major cryptocurrencies have fared since this article from Dec. 26, 2017 — and that wasn’t even the peak.

There are several potential reasons for the poor performance. Most obviously, new money seems to be flowing into cryptocurrencies to a lesser degree than during the rise. There are also legitimate regulatory questions in the U.S. and international markets. And, despite repeated attempts to bring a bitcoin ETF to the marketplace, the Securities and Exchange Commission has yet to approve one. Finally, the adoption of bitcoin and other cryptocurrencies as a means of payment hasn’t really advanced as much as many speculators would have liked.

In short, the cryptocurrency markets have been in “wait-and-see” mode for a few months now. And until a compelling positive catalyst (like an ETF approval) occurs, bitcoin and the other major cryptocurrencies could have a tough time climbing.

Let’s block ads! (Why?)


Source link


SunnyNovember 16, 2018
im-37031

15min240

Erik Voorhees, CEO and founder of ShapeShift, is a critic of regulation who refers to government-backed currencies as ‘scams.’


Photo:

Alex FLynn/Bloomberg News

Securities regulators are investigating a company’s $50 million cryptocurrency sale, an executive with the firm said, and people familiar with the probe said it includes looking at whether a prominent bitcoin entrepreneur broke the law by getting involved with the company’s fundraising.

The entrepreneur, Erik Voorhees, is chief executive of ShapeShift AG, a digital-asset exchange that suspected criminals have used to launder millions of dollars in allegedly ill-gotten gains, The Wall Street Journal reported earlier this year. Law-enforcement officials in the U.S. and abroad have looked at ShapeShift’s role in processing assets in several criminal cases, people involved in those investigations told the Journal.

Now, the Securities and Exchange Commission is probing another company that has been affiliated with Mr. Voorhees, Salt Lending Holdings Inc. The company, which loans money to people using their cryptocurrency as collateral, received a subpoena from the SEC in February seeking records related to a $50 million digital-token sale it held last year, the people familiar with the matter said.

Among other issues, regulators are looking at whether Salt’s token sale should have been registered with the SEC as a securities offering; how Salt insiders received tokens; how token proceeds were used; and whether raising money while Mr. Voorhees served on Salt’s board violated a 2014 SEC settlement that banned Mr. Voorhees from such fundraising, according to the people familiar with the probe. An SEC spokesman declined to comment.

The Salt probe comes amid a wave of SEC investigations into cryptocurrency companies. Regulators say many of the deals violate investor-protection laws because they don’t provide buyers with required financial information and risk disclosures.

Mr. Voorhees is a critic of regulation who referred to government-backed currencies as “scams” in a recent interview posted on the YouTube channel NBTV. In an interview with the Journal last summer he said “this whole narrative that the government is out to protect people is total bullshit.”

He has said exchanges such as ShapeShift, don’t have to follow federal laws requiring financial companies to know who their clients are and to file suspicious-activity reports with the government when potential money laundering is discovered. The U.S. Treasury Department says such exchanges must follow anti-money laundering rules, though the law in the area remains largely untested.

In addition to the SEC probe, Salt faces a private lawsuit filed Tuesday in Colorado state court by a former Salt financial officer who alleged it gave favorable loan terms to some executives and their families and lost $4 million in cryptocurrency in a February hack. The suit also mentions that Salt is under SEC investigation.

Brian Klein, an attorney for Mr. Voorhees, declined to comment. Mr. Voorhees wasn’t named as a defendant in the former employee’s lawsuit.

Jennifer Nealson, a Salt executive, confirmed that the company received an SEC subpoena in early 2018, around the time the SEC issued a wave of investigative demands to startups in the nascent industry. Mr. Voorhees was an “early contributor” to Salt, but “no longer serves in any formal capacity,” Ms. Nealson said in an email.

“Over the past year, Salt has transformed from an early stage start-up to one of the leading cryptocurrency-backed financial services companies in the world,” said Ms. Nealson who added that the company has policies to ensure compliance with all state and federal laws.

Mr. Voorhees has been under SEC scrutiny before. After the agency accused him of conducting an illegal, public stock offering for an internet gambling company, Mr. Voorhees in 2014 reached a settlement requiring he pay about $50,000 in fines and disgorgement. In the settlement, he neither admitted to nor denied the SEC’s claims. The sanction had the effect of barring his firms from raising money in private markets—and being a director for companies doing such fundraising—where most investor-protection rules are absent, according to legal experts.

“A provision in the settlement makes him a so-called ‘bad actor’ unable to rely on an SEC safe harbor for private, unregulated stock sales,” said Keith Higgins, chairman of the securities and governance practice at Ropes & Gray LLP and a former SEC division director.

Salt conducted such a private offering in August 2017, and listed Mr. Voorhees as a director on an SEC filing five days before the first sale. He was also named as a Salt director on the company’s website and on promotional materials for investors that the Journal reviewed.

Salt amended the SEC disclosure in November, saying it raised $1.5 million, and didn’t mention Mr. Voorhees.

Securities lawyers said the SEC could seek civil penalties against Salt if it finds Mr. Voorhees’s involvement barred the company from raising money privately.

ShapeShift referred questions to a spokesman who said he was working for Mr. Voorhees. The spokesman said Mr. Voorhees isn’t banned from private fundraising. He declined to explain Mr. Voorhees’s reasoning, and added that Mr. Voorhees “has abided by the terms of his settlement with the SEC.”

A Journal investigation earlier this year found ShapeShift accepted suspected criminal proceeds and exchanged proceeds for a cryptocurrency that can’t be traced by law enforcement, potentially allowing criminals to avoid detection. ShapeShift has since banned suspicious addresses the Journal identified from using the exchange and announced in September that users would be required to submit identification to trade. The company continued to allow anonymous transactions until early November, but now requires users to identify themselves.

From its founding in 2016, Salt has been closely tied to ShapeShift. Mr. Voorhees has played a leadership role at both firms. Two other ShapeShift executives were listed in Salt investor materials as company advisers.

Salt’s strategy was to give cryptocurrency investors a way to access real cash without having to sell their digital holdings, an enticing prospect at a time when cryptocurrency prices were skyrocketing.

Salt in July 2017 began selling its own token that allowed holders to access its loans—around the time an SEC report warned the regulator would police the red-hot crypto market.

Since late last year, cryptocurrency prices have plummeted, lowering the value of the collateral Salt lent money against.

The company said in an advertising brochure that its tokens weren’t securities and “are not for speculative investment.”

To show the SEC that its token wasn’t an investment, Salt allowed coin holders to sell the token back to the company to cover their principal and interest payments, the Colorado lawsuit alleged. The arrangement was a huge money loser because Salt bought the coin back at $27.50, even when the token traded on exchanges for less than $1, the legal complaint said.

Ms. Nealson, of Salt, said the company no longer redeems its token, which she called a “membership unit,” for $27.50. That exchange rate was a “promotional offer,” she said.

The person who filed the suit, David Lechner, was a top financial officer at Salt until June. He left after questioning how funds were spent and the special deals given to insiders, the complaint states.

An attorney for Mr. Lechner didn’t respond to a request for comment.

Write to Dave Michaels at dave.michaels@wsj.com and Justin Scheck at justin.scheck@wsj.com

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
Craider-AI-bot-trade-digital-assets-cryptocurrency.jpg

7min100

Within one brutal hour yesterday, Bitcoin’s price plummeted by around $800. The coin is trading under $5,800 for the first time since its October 2017 boom, and cryptocurrency investors are hurting on a global scale. East Coast investors found they’d lost their appetite for lunch; West Coast investors, three hours behind, wished they’d stayed in bed. And while asset diversification remains the best investment strategy, even investors with diverse crypto portfolios have not escaped unscathed. For better or for worse, the crypto market as a whole tends to follow Bitcoin’s lead, especially when Bitcoin slides. And so, Ethereum has gone down by 15 percent, while XRP and BTC have diminished by 13 percent and 12 percent respectively. Even shiba inu-themed Dogecoin is down, proving that canine cuteness is no hedge against market fluctuation.

Some of the FUD (fear, uncertainty, and doubt) in the cryptocurrency community today stems from the impending Bitcoin Cash hard fork, which happens at 8:40 am Pacific time. A change in the governing protocol of Bitcoin Cash means holders of that cryptocurrency will, after the fork, own shares in two separate iterations of coin. The industry has endured splits before — Bitcoin Cash is itself the result of a contested hard fork — and has come back stronger. Bitcoin reached its highest valuation ever less than six months after the Bitcoin Cash hard fork. Still, we can hardly expect investors to remain unrattled in the face of the consternation and upheaval that a hard fork inspires.

Although the fork is the most obvious cause of this week’s drastic drop in cryptocurrency values, few analysts believe it can explain every percentage dropped or every cent lost. Nearly 15 percent of the market was lost yesterday — the total market cap shed $30 billion, from $210 billion down to $180 billion. Bad news begets worse news. As Mati Greenspan, Senior Market Analyst at eToro explains, “The drop may have triggered some automatic liquidation from risk-wary investors, with stop loss orders automatically going into effect and/or people trying to play the breakout.” Cryptocurrency is famously volatile from day to day, yet it’s drawn a large number of short-term speculators unable or unwilling to keep their assets in crypto for long-term growth. It’s possible that yesterday’s shake-up will, paradoxically, strengthen the market for the days ahead. Metal Founder Marshall Hayner is blunt, “To put it plainly, today’s dip is likely indicative of the fact that the most recent round of crypto speculators are capitulating.”

Predicting the traditional markets is hard enough. Analysts have been doing it for over a century and still encounter both wild and feral bulls. The crypto market presents an even greater challenge for a few reasons. First, crypto, for all the maturity it has developed in the past decade, remains a young asset. Second, and perhaps more importantly, blockchain-powered assets are not subject to traditional economic controls or specific investor protections and are not tied to central banks or governments. Price is the main metric of performance — it’s the easiest to chart and the simplest to understand, yet it only represents a portion of a given coin’s true value. The old guard knows that value and price have never been synonymous, but finding, synthesizing, and presenting this data has long been a challenge.

Blockchain data player CoinDesk just launched a tool yesterday to help institutions and investors better analyze the potential and longevity of specific cryptocurrencies. While they’re not neglecting price, their new tool provides a robust suite of indicators and metrics, including social interest, developer interest, exchange volume, mining revenue, and transaction quantity.

This much-needed tool will help provide answers about specific tokens and firms, but this young industry still lacks an overall market health index, or at least comprehensive data comparable to how the property market, equities market, and commodities markets are measured. It’s far easier to predict swings in the more traditional markets, and while cryptocurrency has a historical record of peaks and troughs, coupled with fancy graphs, extrapolated data sets and “best-guess”’ analyst predictions, it’s not quite enough for retail and institutional investors to take massive gambles. More nuanced and holistic rubrics are vital for the maturation of the industry. Perhaps speculators would be slower to dump assets if only they could see the full picture at a single glance.

Rikesh Thapa is Cofounder and CTO of blockchain event-ticketing company Blockparty.

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
trx-1-hour-6.jpg

4min120

The cryptocurrency market crash on November 14 saw many coins break its support, leading to a massive sell-off by users. The price drop had a massive effect on major coins too, with Bitcoin [BTC]’s market cap falling below the $100-billion bracket and XRP overtaking Ethereum [ETH] in terms of the market cap on the cryptocurrency charts. Tron [TRX], which has been on a developmental spree of late, also saw its support crumble.

1-hour:

Tron [TRX]’s one-hour graph paints a bleak picture with an acute downtrend. The drop saw the price free fall from $0.0201 to $0.0192. The cryptocurrency’s earlier support also crumbled with the current support settling at $0.018. The resistance has been holding at $0.0248.

The Bollinger bands have started converging after a massive bearish outbreak. The spectacular drop also saw the bearish candles fall out of the Bollinger cloud. The convergence also conveys that there might be a trend change right around the corner.

The Relative Strength Index [RSI] has slowly begun creeping back into the RSI zone after crashing below the oversold zone. The indicator also points to the selling pressure being much greater than the buying pressure.

1-day:

The one-day graph does not offer much reprieve for Tron either, with the downtrend bringing the price down from $0.0572 to $0.024. The support has been holding at $0.018, with the recent downtrend almost threatening to break the support mark.

The Chaikin Money Flow indicator has slowly started its journey towards the bottom of the axis, which is a sign of the money outflow outweighing the inflow.

The Awesome Oscillator has become almost negligible with the bearish atmosphere bringing the market momentum to a grinding halt. The market momentum has been on the downtrend consistently for the past couple of months.

Conclusion

With Bitcoin’s [BTC] noticeable crash, the rest of the cryptocurrency market seems to have followed suit. Tron’s indicators all point to an extended bearish trend, with a lack of major trend changes.

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
cryptotime.jpg&signature=6bfbd8ebb413cd14aacb64f551f9fe98

4min70

Some very strange details have surfaced regarding Donald Trump’s newly appointed acting attorney general, Matthew Whitaker, and his involvement with a cryptocurrency for time travel.

For years, Whitaker sat on the advisory board of World Patent Marketing, a marketing firm that has since been shut down by order of a federal judge, reports Mother Jones (and spotted by Cointelegraph).

World Patent Marketing once claimed to be working closely with a cryptocurrency project described as a “theoretical time travel commodity” pegged to the price of Bitcoin, named Time Travel X.

Time Travel X sure sounds like a stablecoin for time travel. It obviously never came to fruition, because time travel isn’t real.

The firm was shut down last year, after a federal judge labelled it an outright “scam.” Authorities then fined it $26 million for duping newbie inventors out of millions of dollars, by charging exorbitant fees to promote their products.

Other insane inventions backed by World Patent Marketing during Whitaker’s reign on its board include a special MASCULINE TOILET, designed to help well-endowed men avoid unwanted contact with toilet water when relieving themselves.

There was also a Sasquatch doll, which it pitched alongside a marketing video claiming the existence of the fabled Bigfoot. Thanks to the wonders of the internet, the video is still around. Take a look.

Mother Jones also reported claims of World Patent Marketing approving an idea for patenting a fried chicken and waffle sandwich, despite it being legally impossible to patent foods like chicken sandwiches.

For what it’s worth, Whitaker has already denied knowing about the firm’s alleged fraudulent business practices. Although, he did appear in this video from 2015, where he can be found shilling a prototype razor blade that had been recently taken on by the firm.

At this stage, whether Whitaker was responsible for making such wildly fraudulent business decisions may be unclear.

While that’s being figured out, can I get me some of those time traveling cryptocoins?

Published November 15, 2018 — 14:55 UTC

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
og-default-1280x640.png

3min60

Welcome! To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads. Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices.

You always have the choice to experience our sites without personalized advertising based on your web browsing activity by visiting the DAA’s Consumer Choice page, the NAI’s website, and/or the EU online choices page, from each of your browsers or devices. To avoid personalized advertising based on your mobile app activity, you can install the DAA’s AppChoices app here. You can find much more information about your privacy choices in our privacy policy. 

Even if you choose not to have your activity tracked by third parties for advertising services, you will still see non-personalized ads on our site.

By clicking continue below and using our sites or applications, you agree that we and our third party advertisers can:

  • transfer your personal data to the United States or other countries, and
  • process your personal data to serve you with personalized ads, subject to your choices as described above and in our privacy policy.

EU Data Subject Requests

Let’s block ads! (Why?)


Source link


SunnyNovember 15, 2018
MW-GK169_teens0_ZG_20180531213134-1280x720.jpg

6min110

Some U.S. holiday wish lists crisscross all generations and some, well, don’t.

For the first time, teenagers said they wanted cryptocurrency and Fortnite “V-Bucks” virtual currency instead of cash, gift cards and gas money, according to the “Holiday 2018” consumer report released Wednesday by investment bank and asset management firm Piper Jaffray.

Like many virtual currencies, V-Bucks doesn’t always feel like real money. Fortnite players can buy 1,000 of the V-bucks virtual currency for $9.99. They can use it to purchase items while they’re playing the wildly popular video game, including the “Battle Pass” for 950 V-bucks, and outfits and “skins” for their characters for between 500 and 2,000 V-Bucks.

Fortnite is a multi-player, third-person shooter game for mobile devices, personal computers and gaming consoles. It’s free, but upgrades within the game cost money. The video game has grossed more than $300 million on Apple’s iOS since it was launched on that system in March.

Don’t miss: Who’s more likely to text and drive—teenagers or their parents?

So what else are teenagers craving this year? Piper Jaffray said the No. 1 item on U.S. teenagers’ wish list this holiday season is Apple’s

AAPL, -2.82%

 iPhone. In fact, their top four consumer brands are all Apple products: Apple Watch, MacBooks and Airpods.

These brands were followed by Gucci

PPRUY, +0.55%

Vans, Adidas

ADDYY, +0.24%

and Lululemon

LULU, +1.03%

and NBA 2k19, a basketball simulation video game. Apple accounted for 11.5% of teens’ wish lists. The next closest brand, Gucci, accounted for just 0.6%.

See: Should I spend my daughter’s $100,000 trust fund on private schools and ballet?

iPhones are a powerful status symbol for both children and adults. iPhone owners are 21 times more likely to judge others negatively for having an Android, according to a 2017 survey of 5,500 singletons aged 18 and over by dating site Match.com. iPhone users typically earn higher incomes than Android users.

It may make sense that teens and their parents like the same gadgets. Today’s teens are the products of a hands-on style of parenting — one that involves 24/7 online monitoring and more involvement in their education. Plus, the iPhone is probably the world’s biggest blockbuster device.

Demographers say that such tighter-knit parenting can have an impact on how these teenagers will perceive the world as they become adults. They’ll be more likely to be realistic about their future and to embrace change and, through their smartphones, keep in closer contact with their parents.

Get a daily roundup of the top reads in personal finance delivered to your inbox. Subscribe to MarketWatch's free Personal Finance Daily newsletter. Sign up here.

Let’s block ads! (Why?)


Source link



Sunnywebmoney.Com


CONTACT US




Newsletter


Categories