Mama Bitcoin, the pseudonym of a young Senegalese Bitcoiner called Bineta, was the first retailer in Senegal or even west Africa to accept crypto payments. She aims to inspire other women into getting into blockchain technology and start investing.

She started her journey in early 2017 and opened her village’s first bakery in Senegal’s capital. While the first steps of business investments were highly costly here, which is why she started with multi-level marketing or MLM. After this, she spent hours and hours researching BTC and its related content. She concluded how it would rise even further!

The bakery plan then dropped and then emerged her new business, a fishing commerce platform “Bleu Comme Le Mer”. According to him, bitcoin is not only a tool for freedom by an emerging technology to improve Africa’s development.

Bineta worked harder while writing more articles about the BTC industry and publishing them. This broadened her audience base to a massive extent.

Her business started accepting ETH and XTZ lately. Traders can buy any fish or sea animal they want from their business in exchange for cryptocurrencies. Not only does it streamline the entire fishing industry, but it also helps to undermine overfishing which is a common activity in west Africa.

Even though not every woman was convinced enough, there is always hope. In the Bitcoin meetup 2022, there were three women out of 20 participants, which isn’t a really bad start. The infectious energy and the potential of Mama Bitcoin will gradually raise the growth of cryptocurrencies to a national level.

The Blockchain analytics firm Chainalyis will now be partnering with Robinhood to monitor compliance solutions. It is used chiefly for the Chainalysis Reactor and its investigations software. This partnership will facilitate data and tools for trading in its crypto wallet.

Chainalysis, last Monday, happened to announce that their integrated partnership with Robinhood Crypto will overcome and meet every compliance regulation for their users even before the launch of the crypto wallet. The crypto wallet is expected to roll out for users in early 2022. Thus, meeting the compliances before the launch is a very competitive move by Chainalysis and Robinhood.

According to Robinhood, Immediate Edge integrated platform will adapt the Chainalysis “Know Your Transaction,” a compliance monitoring solution. This update will ensure that the compliances are adequately met every time by the platform, reducing the risks of any future hindrances after the launch. This trading app will also use the Chainalysis certification programs to achieve this compliance.

As per Chainalysis, they work with the best regulators and law enforcement to follow the industry best practices and approaches aligned with the upcoming Robinhood commitment. According to Robinhood, the waitlist for the wallet launch has more than 1.6 million potential people who are actively ready to support and deposit BTC, ETH, DOGE, and other types of tokens. The application has also been tested rigorously since September.

Chainalysis is one of the leading solutions for tracking crypto transactions legitimately by government agencies and companies. However, after Robinhood went public in Nasdaq in July, the share price declined to a height of $70.39 on August 4 to $21.83, with a rough drop of about a whopping 70%. Thus, this collaboration may be a potential move to balance out this drop in the future.

For the previous two months, the price of Bitcoin (BTC) has fluctuated between $8,600 and $10,000. Following a major rejection at $10,440 in May, BTC has shown little volatility. Five important structural variables, however, continue to point to a long-term upswing through 2021.

As per Skew statistics, Bitcoin’s 10-day realized volatility hit its lowest point of the year on June 24. This could signal that investors are wary since BTC is approaching a critical price milestone.

BTC’s progress over the following several weeks may provide insight into its price trend for the rest of every year. The majority of market participants are optimistic about Bitcoin’s medium-term prospects. outlookindia.com expect BTC and other prominent cryptocurrencies to suffer short-term losses owing to external forces such as the COVID-19 outbreak.

 Significant macro fundamentals suggest that BTC is on pace for a strong rebound in the long term. The surge in “HODLing” activity among investors is the most prominent piece of data that confirms forecasts of a favorable trend. If the net stock change of BTC HODLers remains positive, it indicates that investors are not transferring funds from personal wallets to exchanges to sell.

On some major futures platforms, the price of Bitcoin fell below $3,600 in March 2020. According to Alistair Milne, a chief investment officer of Altana Digital Currency Fund, there aren’t many reasons that could shatter investor confidence in the future.

The Grayscale Bitcoin Trust’s assets under management increased from $1.577 billion to $3.541 billion between March 2020 and March 2021. The significant rise in AUM shows that institutional demand is growing at a similar rate. Institutions in the United States, in particular, have a limited number of investment vehicles via which they can obtain exposure to Bitcoin.

The Grayscale Bitcoin Trust is expected to remain the preferred platform for investment firms in the absence of a marketplace fund. In addition to other constructive technical structures and macro indicators, future data suggests that the market is not overbought.

When the price of Bitcoin undergoes a major correction, it is usually due to overleveraged buyers capitulating. Buyers often raise capital with a ratio of up to 100x on futures exchanges like BitMEX to put a long-term contract on Bitcoin. If the price of BTC falls, it might trigger a chain reaction of liquidations and a sharp price decline.

The popularity of cryptocurrencies and non-fungible tokens is tremendous. Because of cryptocurrencies’ ultimate benefits to their investors, many companies and organizations have already started investing and accepting cryptocurrencies. Multiple small businesses accept bitcoin evolution to get the advantages of low-cost and fast transactions. Recently in 2021, Elon Musk, CEO of Tesla Car Company, announced that the company has started accepting bitcoin payments to purchase Tesla Cars. Following this, many cosmetic brands and retailers have also announced that they will take the benefit of cryptocurrencies.

Lately, Jeffree Star endorsed his latest collection by sharing 3D animation portraying him in a pink box on Instagram to all his followers. Instead of a lipstick line or a makeup palette, Jeffree has started to use cryptocurrencies and non-fungible tokens (NFTs) by presenting his digital artwork by collaborating with the most popular artist named Marcelo Cantu. Cryptocurrencies are great alternatives to fiat currencies as these are digital currencies that are decentralized in nature and work independently of banks. After corporations and Car companies, the beauty industry has started to deal in cryptocurrencies.

Not only Jeffree Star but in January 2021, a U.K.-based beauty brand named Wake Skincare developed for connection generation publicized that the brand has begun accepting popular cryptocurrencies like bitcoin as a form of payment. Along with bitcoin, they have also added Ethereum as a payment method. The brand, Wake Skincare, has joined a plethora of labels capitalizing on the boom of the crypto industry through rewards programs or payment methods.

Why has Wake Skincare started accepting Bitcoin and Ethereum?

In one of the interviews, the co-founder of Wake Skincare named Alex Mavor said that “the reason behind their brand accepting cryptocurrencies is because no other beauty brand is doing it.” Alex even said that he started investing in bitcoin in 2016, and today, he started accepting it for the beauty brand because he sees bitcoin will help in the success of their company. He added that “It might be possible that at first, we will not get lots of customers, but some customers who are early adopters of bitcoin will at least make payments with Bitcoin and Ethereum.”

It is clear that the skyrocketing value of bitcoin is best to hold instead of spending it. But businesses and companies can earn profits by using bitcoin as a medium of exchange because of its volatile market and fluctuating price. 

Last week, in an interview, the finance minister of Norway named Jan Tore Sanner said that “Cryptocurrencies like bitcoin are known for their volatility and a period of breakthroughs, but it will move beyond this point of time. He added, “It is clearly visible that cryptocurrencies are developing over time, and these digital currencies, when they get more stabilized mechanisms, can lead to more upheavals and breakthroughs in a long period.” According to him, cryptocurrency isn’t a market, and that he would suggest all the industries or people enter.

According to him, the Finance minister also said that cryptocurrencies like bitcoin system could never make it to the mainstream unless and until they are regulated properly. He also mentioned that digital currencies are quite popular among criminals. Sanner added, people should study the crypto market and then make their own decision about whether they should invest in bitcoin or not. Still, he put more emphasis on describing the cryptocurrencies that aren’t ready yet to be replaced with regular money.

Sanner spoke out that there is a great interest in cryptocurrencies across the world, especially in Norway, but it isn’t suitable to be considered as the mode of payment. The incline and rivals of bitcoin have triggered a swing of warnings from both monetary authorities and government, who are pointing to cryptocurrencies’, being short of the original value. In the meantime, the central banking systems are being innovative and are planning to develop their digital currencies to complete the system and move towards being a cashless world.

Oystein Olsen, the governor of the central bank of Norway, is one of the disbelievers of Bitcoin. Still, he is the billionaire owner of the biggest corporate empire of the Norway country that has emerged as a great bitcoin enthusiast. A shareholder in Aker named Kjell Inge Rokke even said that Bitcoin revolution would definitely end on the right and positive side of history, which provides a hint that the company might start with bitcoin payments in the future.

The Finance Minister of Norway urged consumers to think and research before investing their hard-earned money into cryptocurrencies or digital arts, as these are associated with many risks. He said that bitcoin might experience more breakthroughs if its market and price stabilizes in the future. You must think a hundred times before investing in any crypto asset and must learn about regulations.