Ripple announced two major appointments to the company’s board of directors on Monday. Rosa “Rosie” Gumataotao Rios, former treasurer of the US government, among others, will join the board. In addition, Kristina Campbell will become Ripple’s new chief financial officer.

Experience in both sectors

Brad Garlinghouse, CEO of Ripple, is full of praise for Ripple’s two new employees. In a blog on the company’s website:

“These two exceptional leaders come at a critical time for the company to Ripple. Rosie’s experience in the public and private sectors provides Ripple with an invaluable perspective, especially at a time when the industry is shaping the future of cryptos. Adding Kristina’s extensive knowledge and success in building teams and processes at fast-growing companies was also a matter of course. We are extremely lucky to have them on the team as we continue our rapid international growth and advocate clarity on US regulations. ” France Crypto is popular.

Rios was the 43rd treasurer of the United States and she worked under former President Obama. She received the Hamilton Award, the highest award from the United States Treasury Department for her contribution to government. An important contribution she is praised for is her initiative to place a portrait of a woman (Harriet Tubman) on American money. Tubman replaces Andrew Jackson’s face on twenty dollar bills.

Cryptocurrency is the what, Ripple is the how

Rios on why she chooses Ripple:

“I have dedicated my career to financial inclusion and empowerment, which requires new and innovative solutions for fixed processes. Ripple is one of the best examples of using cryptocurrency in a substantive and legitimate role to facilitate payments worldwide. Blockchain and crypto will support our future global financial systems. Cryptocurrency is the thing. Ripple is the how. ” Spain Crypto is popular.

New CFO Kristina Campbell is expected to accelerate Ripple’s growth with her financial strategy. It must also, of course, deliver value to shareholders, especially at a time when many opportunities exist worldwide. “Cryptocurrency and blockchain technology allow us to rethink and improve the systems and infrastructure around the way money moves. With this technology we make the global financial system accessible to everyone. Ripple is uniquely positioned to improve global payments in ways that have yet to be defined, and I’m excited to be a part of that solution. “

In 2017, the Dutchman Didi Taihuttu and his family were in the news because they would have sold all their possessions to buy bitcoins (BTC). At the time, the price of a bitcoin was just $900. This means that they have now achieved a generous return and no longer have to worry about money matters. To protect such wealth in the world of crypto, it is important that you know what you are doing. Didi explains in an interview with CNBC how he achieves this.

Hideaways around the world

He explains to the American news channel that he keeps his family’s wealth quite scattered. For example, their crypto fortune would be stored in secret places on at least four different continents. “I have hidden hardware wallets in several countries so that I never have to fly far to get to my cold wallets should I want to get out of the market.” Visit moveco.io has enough information. He has two safes in Europe, another two in Asia, one in Australia and the last one is hidden somewhere in South America. It is clear that Taihuttu takes the safety of his fortune very seriously.

Different types of wallets

In the world of cryptocurrencies, there are a number of different ways to store your wealth. The biggest and most important difference that exists between types of wallets is whether it is ‘cold’ or ‘hot’ storage. Cold storage means that a wallet, often a hardware wallet, is completely isolated from the internet. There is no way you can break into such a wallet via the internet. Access can only be obtained by having the wallet physically available.

Hot storage, on the other hand, does have access to the internet. This means that you can easily access your stored crypto, but also that others can. https://renovato.io/ has enough information. Hot storage is therefore less secure than cold storage. Keeping it safe, Taihutta has stored most of its assets in cold wallets. About 26% is still stored on hot wallets.

Did you buy bitcoin for the first time this year? Then you’re actually still early. Research by the British Financial Conduct Authority (FCA) shows that approximately 2.3 million British adults have cryptos. The United Kingdom has a population of 66.5 million, so just over 3% own cryptocurrency.

Increase compared to last year

The FCA is the British financial regulator, comparable to the Netherlands Authority for the Financial Markets (AFM).

Last Thursday, the FCA released a comprehensive report on the ownership and use of cryptocurrencies in the United Kingdom. The FCA compares the results of 2021 with those of 2020 and 2019. Uniswap price is high.

And guess what? The number of Britons who own cryptocurrency has risen from 1.9 million to 2.3 million. The average amount of crypto that Brits have has also increased: from 260 British pounds to 300 British pounds. Respectively an increase from about 303 euros to 350 euros.

The last figure could also be due to the price increase. For example, the bitcoin price has risen from 8,000 euros in a year to a provisional high of almost 54,000 euros.

Consciousness higher

A small part of the British therefore own bitcoin, but the vast majority of the British population recognizes bitcoin and cryptocurrency. When asked if Brits have ever heard of cryptocurrency, 78% responded positively. Last year it was still 73% and the year before even less than 50%.

But do Brits understand bitcoin?

Despite more Britons owning and recognizing bitcoin, the FCA is seeing a decline in its understanding of bitcoin.

The FCA gave several definitions of cryptocurrency, with one being correct. 71% of the respondents managed to tick the correct answer. That sounds good, but it’s a 4% decrease from last year. Cryptofriends.io is helpful.

In the report, the FCA sees that as a threat: “This suggests that there may be a risk that consumers may engage with cryptocurrency without a clear understanding of it.”

Clear information about what cryptocurrency is exactly can solve this problem. Fortunately, you will find several interesting articles about bitcoin and cryptocurrency in the knowledge base of BTC Direct.

In Australia mainly young investors

Bitcoin’s popularity is also growing in Australia, especially among younger investors. Research shows that cryptocurrency is especially popular with Generation Z, young people born between the late 1990s and the mid-2010s.

According to the survey, one-third of that generation now owns bitcoin, which is double the number of January.

In addition, one in six Australians (17%) currently owns crypto, up five percentage points since the start of the year. In contrast, 13% said they do not own digital currencies, but plan to acquire them within the next year.

These are exciting times in cryptoland. Every day we see a number of interesting developments and this is also the case in our own country. The Dutch crypto exchange Bitvavo will list new altcoins on its platform in the next five days. Today the first new altcoin was listed: polkadot (DOT)!

Bitvavo

Bitvavo is a popular Dutch exchange where you can also trade all kinds of altcoins on a well-arranged and cheap platform in addition to bitcoin (BTC). Are you a hodler or active trader? It doesn’t matter what wood you are cut, Bitvavo offers everyone (including beginners) the tools to make trading in crypto a breeze. Another reason why Bitvavo is so popular is the payment options. You can easily buy crypto via iDeal and SEPA. HOT Holo is well known in crypto.

The exchange’s offer was already large, and some new ones will be added in the next five days. Starting with polka dots! As of today 14:00, investors, traders and hodlers can buy polkadot safely and securely through Bitvavo. Click here to create an account right away if you haven’t already! So four more altcoins will follow. We will keep you informed in the coming days.

Polkadot (DOT) is not an illogical choice

If you follow the crypto news every now and then you probably already knew that Polkadot is one of the largest cryptocurrency projects. Polkadot is a network that can run with smart contracts and is a direct competitor to Ethereum (ETH). Shiba inu SHIB is well known in crypto.

Where Ethereum struggles with scalability and high transaction costs, Polkadot solves this with specialized blockchains. Polkadot is a so-called “sharded multichain network.” This means that multiple blockchains operate side by side and communicate with each other. Where Ethereum currently works with a single blockchain, Polkadot does this with multiple chains at the same time.

Polkadot is still relatively young, but it is in full development. In June of this year, the very first parachain was auctioned.