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Twitter Rebranding Sparks Excitement About Possible Integration With Crypto

Whether crypto aligns with the overall vision for X remains to be seen, but there is optimism about its potential integration going forward given how much support and admiration Elon has for the industry. Visit our website for more informational blogs.

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Reputable Professional Services Firm Says Bitcoin Is a Boon To ESG

KPMG has released a new report expressing a surprisingly positive view of Bitcoin and its environmental impact. For more informational blogs, visit our website: https://cryptoweekly.co/crypto-blog/.

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5th Annual Blockchain Futurist Conference | CryptoWeekly

CryptoWeekly is proud to be an official media partner for the 5th Annual Blockchain Futurist Conference, scheduled to take place in Toronto, Canada, from August 15th-16th, 2023. Use our promo code WEEKLY30 to get 30% off upon signing up at https://lnkd.in/giMPK-qG

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Crypto Could Be The Future of France According To Recent Survey

With the introduction of MiCA regulations, numerous crypto companies are moving into the country, attracting the interest of numerous young investors. Among Internet users aged 18 to 60 in France, approximately 8% are involved in the crypto space, as indicated by a KuCoin survey conducted in May, involving 500 adults.

Out of these users, 31% have been in the crypto market for less than 6 months, while 23% have been investing in crypto for over 3 years. Notably, 40% of the Gen Z crypto investors in France have entered the space within the last 6 months. Surprisingly, a significant portion of these users, despite earning less than 35,000 Euros annually, have shown an avid interest in crypto investments.

This trend is not just limited to France, as Germany has also experienced a surge in Gen Z crypto investors, with 41% of them entering the digital asset market within the past year, according to a separate KuCoin survey in June. Additionally, 34% of German millennials have made their first crypto investments in the last 3 months.

The younger generation, particularly Gen Z, clearly demonstrates a fearlessness and a strong desire to participate in the crypto market, showcasing an unprecedented level of interest and adaptability. Compared to older investors, this generation shows a preference for quick returns from crypto investments and is more inclined to use digital assets for NFT purchases and payments.

The growing interest in crypto among young investors coincides with companies seeking regulatory approvals in France after the passage of the MiCA regulation in April. This regulation mandates crypto asset service providers to register with national authorities to offer services to EU clients.

Thus far, several crypto companies, such as OKX and CACEIS Bank, have applied for registration in France, with the country positioning itself as a European hub for crypto-related activities. Full MiCA implementation is expected by the end of 2024.