Crypto This Week: Crypto & NOBI News This Week
What Happened in the Crypto Industry & NOBI Over The Last Week?
In a move that caught everyone off guard, Google reportedly invested IDR 22.1 trillion in cryptocurrency and blockchain companies. Besides that, what do you think the price of Ethereum will be after September 19th, when The Merge takes place?
Another week has passed. The market is getting better, and crypto spring is getting closer every day. Let’s take a look at what’s new and interesting we have for you!
1. Some Retirement Fund Investment Management in North America Remain Bullish on Crypto Assets!
A number of North American pension fund investment managements are still ‘bullish’ on cryptocurrency, despite having lost money during the market downturn.
All pension fund investment managements have invested in private equity, real estate, to forest land. Over the past few years, as crypto asset investment boomed alongside stocks during a stimulus-driven economic recovery, a number of pension fund investment managers and advisors saw this as a golden opportunity.
With this in mind, of course it’s never too late to start your crypto investment journey starting today. You can simply have a look at this article to guide you to financial freedom: 7 Simple Ways To Achieve Financial Freedom.
2. Crypto is Getting More Popular, the Number of Workers in the Blockchain Industry Soars by 76%, Indonesia Ranks 8th!
The widespread interest in cryptocurrency did not diminish over the crypto winter. The blockchain business has seen a considerable boost in employment even as crypto values have plummeted. According to LinkedIn statistics, the number of people working in the blockchain companies has surged by 76% in the past year.
Workers in the blockchain industry are concentrated in the United States, India, and China. On the other hand, if you look at the rate of staff expansion, the top three countries are India, Singapore, and Canada. Conversely, Indonesia placed 8th.
3. Google Invests IDR 22.1 Trillion in Blockchain and Crypto Companies
Ever since September 2021, Alphabet, the parent company of internet giant Google, has been secretly investing heavily in a number of blockchain and cryptocurrency firms. Cointelegraph claims that Alphabet is one of the major corporations making massive investments in the blockchain and cryptocurrency sectors.
When compared to other large corporations, such as the US investment bank Morgan Stanley, the US investment firm Blackrock, and the large South Korean technological business Samsung, Alphabet has the largest stake in this sector. Alphabet has committed $1.5 billion in the period between September 2021 and June 2022, which works out to roughly IDR 22.5 trillion at an assumed exchange rate of IDR 15,000 per US dollar.
4. Ethereum (ETH) Price Could Reach $3,000 After The Merge, CryptoTicker Analyst Says
Analysts at CryptoTicker predict that the price of ETH may increase sharply given how smoothly everything is moving toward The Merge’s mainnet agenda. He did add that we need to wait for new price action confirmation if Ethereum’s price touches the $2,500 range. He then projects that the price of Ethereum will be in the vicinity of that range, as indicated in the chart below, given that The Merge is expected to occur sometime in September.
If this agenda succeeds, the price of ETH will soar to the round number of $3,000 very quickly. On the other side, things will turn out differently if problems crop up during the rollout of The Merge’s mainnet. However, following The Merge, nobody can predict with any certainty what ETH will cost. Price fluctuations and persistent rumors about crypto assets. This is why it is essential to regularly check the current price of crypto assets.
5. Philippine Central Bank Believes Crypto Assets Can Improve Fund Transfer Processes in the Country, Making It Faster & Economical
Amid increasing crypto adoption in the Philippines, the country’s central bank has taken the initiative to seek measures to better protect investors through increasing crypto awareness locally. The central bank, Bangko Sentral ng Pilipinas (BSP), wants to promote crypto education as authorities see many benefits associated with crypto and blockchain.
The Philippine Central Bank sees the potential of crypto assets to increase payments on a national and international scale. This upbeat outlook, however, is a welcome change. Although cryptocurrency is gaining popularity, authorities in the Philippines are still wary of recognizing it as legal tender.
That wraps up for Crypto This Week. We’ll see you at the next one!