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UK-wide survey says 31% Brits curious about crypto & Bitcoin, but lack market knowledge

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A new survey in UK found that about a third of British people are keen on investing in cryptocurrency but a majority of them do not understand the digital asset’s market conditions well enough to actually make investments. 

According to the national wide survey, 31% of British people are curious about crypto, however, 62% said they would not purchase any, citing a lack of understanding about the market. Of those surveyed, 43% did not know of a safe way to invest in cryptocurrency. The survey, which involved close to 2,000 people in UK was commissioned by crypto trading platform Ziglu and conducted by OnePoll.

About 64% stated that they would choose to invest in crypto if they had more information, the survey found. If mainstream financial entities begin to offer crypto to retail customers, 36% said they would invest. 

However, gold and Bitcoin were the first choices of investment among British people. When asked about how they would invest £100 ($137), 30% preferred crypto in their top three investments compared to  31% who chose gold. About 19% wanted to invest in real estate.

The crypto ecosystem is often criticized for its gender imbalance among influencers and traders alike. The trend was apparent in this survey as well, which revealed that 53% of men bought crypto to make money on it. 45% of women said they would buy crypto as they heard positive facts about it.

In terms of popularity, crypto ranked better in London, where 30% already owned some.

Source: https://ambcrypto.com/uk-wide-survey-says-31-brits-curious-about-crypto-but-lack-market-knowledge/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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