How Covid Revolutionized The Investments Market

2 of 3 Investment App Users Got Started During Covid, Revolutionizing the Market

The fintech revolution is here and investment apps are leading the charge. 

Robinhood, Acorns, Betterment and other apps have simplified the investment process for everyday Americans by removing once-common barriers to access, like complex jargon and high trading fees. 

Investment apps shook up the archaic financial landscape by giving people user-friendly platforms to access the stock market with as little as $5. 

Then came the COVID-19 pandemic, which coincided with economic worries, stimulus checks and growing interest in investing apps and cryptocurrency.

This proved to be a perfect environment for app use to accelerate — especially among new and young investors. In a new survey of nearly 2,000 Americans conducted by The Penny Hoarder, 66% of respondents only began using an investment app in 2020 or 2021, and two out of three said the pandemic led them to become more serious users. 

The Penny Hoarder’s survey found more striking findings about investment app users, who are getting their feet wet in a stock market once roped off for white collars and Wall Street elites. 

  • They’re new to the scene: About half said they had little to no investing experience prior to using an app.
  • They’re starting small: About half of respondents have less than $1,000 invested on an app.
  • They’re using this new access to: Dabble with crypto, fractional shares and meme stocks.
  • Social media is a primary source of investing advice: Most investment app users flock to Facebook and YouTube for investment advice, although 18-to-24-year-olds also heavily favor TikTok and Instagram.
  • Celebrities also hold sway: 44% of all respondents said they would be more likely to invest in a stock if Elon Musk tweeted about it. Among high-income earners — those earning over $150,000 — 67% said they’d be likely to follow Musk’s advice.

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Crowdfunding Platform Kickstarter Moving To Blockchain

For more than a decade, Kickstarter PBC has convinced the public to pay people to follow through on their ideas to build a gadget, make a film or create a piece of art. It was, in some ways, a harbinger of today’s digital economy built around cryptocurrencies, decentralized organizations and NFT art.

On Wednesday, Kickstarter plans to unveil a project that will merge the two worlds. It’s hatching a standalone company to build a crowdfunding system much like Kickstarter’s but based on blockchain technology. When it’s ready, Kickstarter will switch its own website to the new infrastructure, and the new company will make the tools available for anyone to create a competing crowdfunding site.

The new company does not yet have a name. Development is slated to begin in the first quarter of next year, and Kickstarter expects to transition its site to the new protocol sometime in 2022. The change will take place entirely behind the scenes and shouldn’t affect how people use the site, the New York-based company said.

It’s a large, technical undertaking. Embarking on the project was a “big decision,” said co-founder Perry Chen, but it was ultimately an easy one to make because it fits with Kickstarter’s mission, which is “to help bring creative projects to life.”

Chen started Kickstarter with a pair of art-loving friends in 2009, and it was a near-instant hit with cash-strapped go-getters and eventually with celebrities and big companies looking to test consumer demand. The Peloton stationary bike started with a Kickstarter campaign ($307,332 raised), and so did the Oculus VR headset ($2.4 million). Kickstarter helped finance new records from Amanda Palmer ($1.2 million) and the pop group TLC ($430,000) and revived cult classic TV shows like Mystery Science Theater 3000 ($5.8 million) and Veronica Mars ($5.7 million).

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The Importance Of Learning The Crypto Market

Financial knowledge is power. People used to talk of dreams of hitting the lottery to get rich. Now, people invest in hopes of an explosion in the market.

Unfortunately, that’s not good enough. Once you begin to actually take the time to learn about how to follow the crypto market, diversifying your funds, and various options to grow your wealth value, that is when you will start winning with your investments.

Article By EarthyRealist.com – #CryptoCannabisCulture


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U.S. Top Crypto Firms Now Hiring

Photo by John Lee on Pexels.com

(Bloomberg) — Booming cryptocurrency firms say they’re struggling to find the right candidates to fill hundreds of positions as a frenzy of interest in digital currencies and other assets pits them against some of the world’s biggest financial institutions.

Despite a rout in May, cryptocurrencies’ total market value is up 400% over the past year to about $1.4 trillion, and traditional financial firms such as Goldman Sachs Group Inc., Bank of New York Mellon Corp. and DBS Group Holdings Ltd. are starting to offer services and trading. Meanwhile, the likes of CME Group Inc. are expanding crypto derivatives offerings — all of which is helping the asset class to mature.

That’s leaving fewer candidates for crypto firms who need dozens or hundreds of new workers to expand their business.

Binance, the world’s largest crypto exchange, is advertising for some 370 positions globally, according to its LinkedIn recruitment portal. New York-based Gemini plans to boost its Singapore headcount to 50 from 30 by December. Hong Kong-based Crypto.com, currently lists more than 200 openings, with over half of them based in Asia.

Photo by Crypto Crow on Pexels.com

“We are hiring aggressively,” Binance Chief Executive Officer Changpeng “CZ” Zhao said by email. “We see the industry growing exponentially on a year-to-year basis, and we need to scale our team to cope with it.” He added, “We are a geo-equal-opportunity employer. We don’t mind where people are, as long as they produce results.”

Hundreds of Applicants

For potential candidates, interest in crypto jobs has risen by about five to 10 times in the past nine months, according to Neil Dundon, the founder of recruitment agency Crypto Recruit. A single job posting can attract hundreds of applicants, he said.

Despite the boom, finding candidates with relevant experience can be difficult, meaning that some companies are lowering their expectations or changing job criteria.

“In terms of length of experience, one or two years is good enough these days,” said Dundon. “The skills shortage is so bad at the moment that companies are casting a wider net.”

Both Gemini’s Asia-Pacific head Jeremy Ng and Crypto.com’s director of talent acquisition, Tom Lau, agree that experience is a major challenge.

Bitcoin and Ether have risen substantially in the past couple of years.

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Crypto.com’s Climate Commitment: Become Carbon Negative in 18 Months

“The climate crisis is the most pressing issue of our time” said Kris Marszalek, co-founder and CEO of Crypto.com, “Committing to becoming a carbon negative company is just the beginning of our efforts. As we further invest in building out the Crypto.org Chain Ecosystem we will offer the industry a path towards clean crypto.” Read more

About Crypto.com

Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, carefully curated from the worlds of art, design, entertainment and sports.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com

Earn $25 USD on Crypto.com when you sign up using the referral link https://crypto.com/app/yex46z9whq 

CRYPTO.COM

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