Solarcryptocoin

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Union Bank of the Philippines, commonly known as Unionbank, has announced the upcoming launch of another crypto service for its clients. The financial institution will offer select users of its mobile app the option to exchange bitcoin and other digital currencies without a separate wallet.

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Five years ago, BlackRock CEO Larry Fink described Bitcoin and the cryptocurrency industry as an "index of money laundering". His opinion later changed in 2020 when he said that the cryptocurrency industry is a "global market". Fink and the world's largest asset management firm, has seemingly fully accepted the new industry even further by opening up a spot Bitcoin private trust that seeks to track the performance of bitcoin, less expenses, and liabilities of the trust.

The event of BlackRock taking a bigger step into the cryptocurrency market comes after the asset management firm announced a partnership with U.S. cryptocurrency exchange Coinbase, with the new collaboration planning on offering institutional clients access to cryptocurrency trading and other related services.

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Best performing asset since the last 10 years.

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During his speech at the Ethereum Community Conference (EthCC) in Paris, Ethereum co-founder Vitalik Buterin said that by the end of its roadmap, the network will be able to handle up to 100k transactions per second faster than Visa (24k TPS) and AMEX (21k TPS) combined. 100 The move to POS, scheduled to begin in September, should already significantly reduce transaction costs, but achieving ultra-low costs and high ex*****on speeds will take a while longer. Gas fees will still scale with the network activity and volume, it won't be until 2023 when the network is set to implement the sharding upgrade will we see permanent low gas fees

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This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there were less than 10K machines worldwide.

There’s Now 39,011 Crypto ATMs Installed Across 77 Countries
During the first week of August 2022, the number of digital currency dispersing automated teller machines (ATMs) operating globally crossed the 39K mark. In fact, across 77 countries, 614 crypto ATM operators have installed 39,011 cryptocurrency ATMs, according to metrics recorded by coinatmradar.com.

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000
Crypto ATM Installation Growth chart via coinatmradar.com on August 7, 2022.
On January 1, 2017, there were approximately 969 crypto ATMs across the globe and since that point, installations have grown by 3,925%. Geographical distribution statistics show that North America dominates with 95.1% of all the crypto ATMs worldwide with 37,081 machines.

The U.S. commands 87.9% of the aggregate of crypto ATMs installed worldwide with 34,299 machines. The rest of the world’s percentage of crypto ATMs operating today is around 4.9% with Europe capturing 3.8% of that number.

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000
Crypto ATM Supported Cryptocurrencies via coinatmradar.com on August 7, 2022.
As far as North America is concerned, Canada commands 6.3% of the worldwide aggregate, or 2,461 crypto ATMs in total. Out of the 39,011 crypto ATMs tallied on coinatmradar.com, data shows that 38,998 of those machines support bitcoin (BTC).

However, 33,056 of the aggregate total also supports alternative crypto assets. Litecoin (LTC) is dispersed on 32,466 machines, ethereum (ETH) is supported by 29,324 devices, dogecoin (DOGE) is held on 16,132 machines, and bitcoin cash (B*H) has support on 13,801 crypto ATMs.

2022’s Top Crypto ATM Operators and Manufacturers
The top crypto ATM operator in the world in terms of the number of operational machines worldwide is Bitcoin Depot with 17.7% of the global total or 6,896 crypto ATM devices installed. Bitcoin Depot is followed by Coincloud (5,643 machines), Coinflip (4,124 machines), Bitcoin of America (2,339 machines), Bitstop (1969 machines), and Rockitcoin (1,781 machines).

Genesis Coin is the top crypto ATM manufacturer globally as it represents 40.6% of today’s machines, while General Bytes is second with 22.8% of the world’s manufactured crypto ATMs. The crypto ATM manufacturers Genesis Coin and General Bytes are followed by Bitaccess (15.8%), Coinsource (5.2%), Bitstop (4.9%), and Bytefederal (2.8%).

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000
Crypto ATM Installation Speed Gauge via Coinatmradar.com on August 7, 2022.
Coinatmradar.com also tallies up the speed of crypto machines installed over time. The web portal dedicated to crypto ATM statistics indicates the speed is recorded by a gauge scale “calculated based on last 60 days, [while] speed is calculated based on last 7 days.”

On Sunday, August 7, 2022, the gauge says that 14.7 crypto ATMs are being installed a day at the current rate. That means that in roughly 67.27 days, the number of crypto ATMs installed worldwide should reach 40K at that rate of speed

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During the last 48 hours, the Solana team has been dealing with an attack that saw thousands of Solana-based wallets compromised. At the time, Solana Labs co-founder and CEO Anatoly Yakovenko thought the exploit possibly stemmed from a supply chain attack. He explained that iOS and Android wallets were affected when he said: “most of the reports are Slope, but a few Phantom users as well.”

On August 3, 2022, the Solana Status Twitter account explained that the addresses affected in the hack were tethered to Slope mobile wallet applications. “After an investigation by developers, ecosystem teams, and security auditors, it appears affected addresses were at one point created, imported, or used in Slope mobile wallet applications,” Solana Status wrote. “This exploit was isolated to one wallet on Solana, and hardware wallets used by Slope remain secure.” Solana Status said:

While the details of exactly how this occurred are still under investigation, private key information was inadvertently transmitted to an application monitoring service. There is no evidence the Solana protocol or its cryptography was compromised.

Slope Finance published an official statement from the wallet team and breach details are vague. Slope said “A cohort of Slope wallets were compromised in the breach, we have some hypotheses as to the nature of the breach, but nothing is yet firm, [and] we feel the community’s pain, and we were not immune. Many of our own staff and founders’ wallets were drained.” Slope also added that the team was actively conducting internal investigations and audits, while working with security and audit groups.

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Chipotle is giving customers the chance to win free cryptocurrency, as it begins accepting digital currencies as payment. The company's "Buy the Dip" promotion will give away over $200,000 in Bitcoin, Ethereum, Avalanche, Solana, and Dogecoin starting at 1:00 p.m. ET on Monday. Most players, though, are likely to walk away with promo codes for guacamole or queso blanco for one cent. Five customers per day will get $2,000 in Bitcoin. Another five will get $1,000 in Ethereum. Five more will get $250 in Solana. And 20 fans will each get $150 in Avalanche or $150 in Dogecoin

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Crypto Investors Perceived More Favorably Than Non-Investors
A new survey seeking to determine if investing in cryptocurrency makes one attractive has found that crypto investors are “seen as more attractive, smarter, and wealthier than non-investors.” According to the survey findings in which 1,002 Americans were interviewed, 50% of the female respondents perceive crypto investors to be more attractive than non-investors.

About 46% of the respondents perceive crypto investors to be more desirable while 42% think they are smarter. Some 34% perceive crypto investors to be wealthier than non-investors. Meanwhile, 40% of male respondents think crypto investors are smarter than non-investors.

On whether they would consider dating a person who mentions crypto in their dating app profile, the study found that “more than three-quarters of respondents would swipe right on someone who mentions being a crypto investor in the dating app, and 55% said they are more likely to go on a date or meet up with someone who invests in crypto.”

When asked if cryptocurrency was used to make payments while on a date, 37% of the respondents said they paid in crypto. Some 31% of the respondents said it was their partner that paid in crypto while 13% said they both paid in crypto.


Commenting on the survey results, Cryptovantage said:

Our survey results also indicate that crypto investors could be getting more matches on dating apps than others: About 76% of people said they’re more inclined to swipe right if someone’s dating profile mentions that they’re a crypto investor. People identifying as LGBTQ were ten times more likely to swipe right on those contenders, whereas straight people were six times more likely to do the same.

NFT Profiles Unattractive
Nevertheless, the mere mention of crypto in one’s dating profile can also attract bad actors as some survey respondents will attest. To illustrate, almost 60% of the respondents “claimed to have been targeted by a crypto scammer on a dating app.”

On non-fungible tokens (NFT), the survey found that “women are nearly two times more likely to unfollow someone with an NFT profile than men.” One in four women said they would not date someone with an NFT profile picture.

Meanwhile, the survey also found that cryptocurrency investments have had an effect on some relationships with 52% of the respondents confirming that fights are common between partners after the cryptocurrency dips. Around 44% said their partner is obsessed with investing in crypto. Overall, 69% of “crypto investors have had a relationship end over a cryptocurrency investment.”

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The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. "This scam has been responsible for over $70 million in combined victim losses," said the law enforcement agency. Claiming to use this investment strategy, "Scammers convince victims to link their cryptocurrency wallets to fraudulent liquidity mining applications. Scammers then wipe out the victims' funds without notification or permission from the victim," the FBI cautioned

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The author of Rich Dad Poor Dad, Robert Kiyosaki, has made several fresh predictions about the stock and bond markets. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

The famous author tweeted Friday:

U.S. bond market crashes. Biggest bond crash since 1788 … Bond markets bigger than stock market. I am buying more gold, silver now, and waiting for bitcoin to go lower.

He also stressed that China’s real estate market is crashing, noting that there are “Over 90 million empty condos in China.”

In a follow-up tweet, the Rich Dad Poor Dad author explained:

Losers watching stock market. Real problem is in bond market. Bond market 40 times larger than stock market. Please pay attention to bonds, not stocks. Major crash to come.

He tweeted in April that bonds are the riskiest investment in a global meltdown. “Tragically rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.”


Kiyosaki has repeatedly warned about market crashes and the state of the U.S. economy. This week, he warned that inflation may lead to a “Greater Depression,” noting that real estate is crashing and foreclosures are up 700% from last year.

In April, he cautioned about hyperinflation and depression. He also said repeatedly that we are in the biggest bubble in world history. In March, he predicted that the U.S. dollar was about to implode, advising investors to buy bitcoin (BTC), ethereum (ETH), and solana (SOL).

Kiyosaki has said several times that he is waiting for bitcoin to bottom out to buy some more. Last month, he revealed that he’s waiting for the price of BTC to test $1,100 before buying. Earlier this month, he said he is in cash position waiting to pick up bargains, including BTC, as asset prices are crashing.

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The principle of digital rupiah will be the same as paper money which is to be the only legal currency for digital transactions in Indonesia.

Bank Indonesia has been studying the possible launch of its central bank digital currency (CBDC) since last year. Its main intention is to get ahead of the global adoption of cryptocurrency as a payment method, the report notes.

The monetary authorities of other nations in the region have also been looking into implementing blockchain technology to improve transfers and settlements, including the central banks of the Philippines and Australia, which are considering wholesale digital currencies as well.

Australia, Singapore, Malaysia, and the Republic of South Africa announced trials of cross-border payments with CBDCs last fall. The central banks of these countries said the goal of their cooperation was to develop shared platforms for international transactions using different state-issued digital currencies.


Bank Indonesia is currently exploring technology options with counterparts and working on the cybersecurity features of the digital rupiah. Once issued, the CBDC will be distributed to large banks and payment service providers, which will in turn sell digital rupiahs to smaller banking institutions for various retail transactions.

Wellian Wiranto, economist at Oversea-Chinese Banking Corp in Singapore, explained that this will be done to avoid potential disintermediation of banks, especially in times of crisis, or the risk that households would choose to bank directly with the “risk-free” central bank rather than commercial banks.

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The principle of digital rupiah will be the same as paper money which is to be the only legal currency for digital transactions in Indonesia.

Bank Indonesia has been studying the possible launch of its central bank digital currency (CBDC) since last year. Its main intention is to get ahead of the global adoption of cryptocurrency as a payment method, the report notes.

The monetary authorities of other nations in the region have also been looking into implementing blockchain technology to improve transfers and settlements, including the central banks of the Philippines and Australia, which are considering wholesale digital currencies as well.

Australia, Singapore, Malaysia, and the Republic of South Africa announced trials of cross-border payments with CBDCs last fall. The central banks of these countries said the goal of their cooperation was to develop shared platforms for international transactions using different state-issued digital currencies.


Bank Indonesia is currently exploring technology options with counterparts and working on the cybersecurity features of the digital rupiah. Once issued, the CBDC will be distributed to large banks and payment service providers, which will in turn sell digital rupiahs to smaller banking institutions for various retail transactions.

Wellian Wiranto, economist at Oversea-Chinese Banking Corp in Singapore, explained that this will be done to avoid potential disintermediation of banks, especially in times of crisis, or the risk that households would choose to bank directly with the “risk-free” central bank rather than commercial banks.

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Cryptocurrency is all over the news and there’s so much conflicting information.

“The market is crashing.”

“It’s a smart investment if you know what you’re doing.”

“Bitcoin is over. It’s all about Ethereum these days.”

It’s a lot to absorb and you’re wondering, what is true vs. false?

What are the basics that beginners need to know?

What are some things that you (as a small business owner) should know?

Here’s a basic crash-course for those who are crypto-curious.

Cryptocurrency is real money.

Except instead of being printed on a piece of paper like a U.S. dollar, it’s stored digitally.

There are many different kinds of cryptocurrency.

Just like there are different kinds of standard currency (U.S. dollar, Japanese Yen, British pound, Euro, etc.) there are different kinds of cryptocurrency. Some of the major types are Bitcoin, Ethereum, Tether, Cardona, Solana, and Dogecoin.

You can buy stuff with cryptocurrency.

You can buy a new laptop, an organic kale Caesar salad, or a vanilla latte with cryptocurrency.

(Caveat: depending on which type you’re using.)

Microsoft, PayPal, Overstock, Whole Foods, Etsy, and Starbucks are just a few major companies that accept Bitcoin as a form of payment.

Cryptocurrency can swing up and down in value. The changes can be very dramatic.

All currencies (including the U.S. dollar) go up and down in value. However, with cryptocurrency, the highs and lows tend to be more extreme.

For instance, you might buy 1 Ethereum for $1,000 U.S. dollars. A week later, that same 1 Ethereum might be worth only $500. A month after that, it could be worth $3,000. It can feel like a rollercoaster ride! Like with many forms of investing, the goal is to buy low and sell high.

You can convert cryptocurrency back into U.S. dollars instantly (or vice-versa) anytime you want.

Let’s say you’re planning a trip to Europe. You can go to a bank, hand them $1,000 in U.S. dollars, and exchange for the equivalent amount in Euros.

Similarly, you can take a certain amount of cryptocurrency (say, 3 Ethereum) and exchange it for the equivalent amount of U.S. dollars. You can do the exchange on a site like Gemini,Binance, Coinbase or any other reliable exchanges. However, “the equivalent amount” can change from day to day (see above).

Important note: let’s say you sell a portion of your cryptocurrency and make a gain of $5,000 U.S. dollars in the process. Win! However, just like income you earn from your salary or business, you still need to pay taxes on what you earn.

Is it worth investing in cryptocurrency?

That is entirely up to you. There are many different ways to build wealth (start a business, invest in real estate, invest in the stock market, invest in crypto, etc.) and it’s up to you to decide which wealth streams you want to focus on.

If you’re curious and want to dip your toes into the crypto world, check out:

Gemini, Coinbase,Binance etc are leading exchanges and you can easily visit their websites where you can buy/sell crypto. You can start with a very small amount, say, $50 U.S. dollars. You can also set up an automatic daily, weekly, or monthly buy. For instance, maybe you want to buy $100 U.S. dollars worth of Ethereum every month, automatically, in the hopes that this will increase in value over a long period of time.

We hope this was informative, easy to understand, and inspiring.

There are countless things you can do to earn more cash—and crypto can be part of your money-generating plan, or not.

Whether you choose to get involved with crypto or pass, stay focused on bringing more $$$ in the door. There are so many ways to make more than you currently do. Whether it’s by starting a side hustle, expanding your business, raising your prices, negotiating for a raise at work, or all of the above, you have unlimited options.

To your limitless success,

-The Hello Seven Team

PS. This is a basic crash-course in cryptocurrency. As with any financial topic, there are lots of additional nuances to consider—far more than we can fit into one article. Keep educating yourself. A good place to start is following
You

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American economist Kenneth Rogoff discussed cryptocurrency regulation and central bank digital currencies (CBDCs) in an interview with Bloomberg Monday. Rogoff is the Thomas D. Cabot Professor of Public Policy and a professor of economics at Harvard University. He also served as chief economist at the International Monetary Fund (IMF) from 2001–2003.

The Harvard professor described:

I think central banks are way behind the curve, and governments in general, in regulating cryptocurrencies. They throw out the idea of having CBDCs to distract the conversation.

Commenting on the U.S. issuing a digital dollar, he opined: “At the moment, if you think about the United States issuing a CBDC, you have to ask why they’re doing it. Because we can accomplish a lot of things the same way in the current system by making tweaks.”

The economic professor explained that if the Federal Reserve “did it too well,” and there is a “retail central bank digital currency,” then “There’d be massive disintermediation that we’re probably not ready to handle,” he warned.

Professor Rogoff continued: “I think there are small central banks that want to issue a CBDC hoping they’ll get some of the kind of business that crypto gets.”


When asked why central banks and governments are delaying regulating cryptocurrencies, Rogoff replied: “I think it feels like the 1990s and early 2000s to me when the financial system was inventing all these clever new financial engineering devices and saying … ‘catch me if you can,’ ‘regulate me if you can.'”

He concluded:

I hear very much the same things from the young cryptocurrency pioneers and there are a lot of ideas. But they are wrong that they can’t be regulated.

Rogoff has long been a bitcoin skeptic. He previously cautioned that governments and central banks will never allow BTC to go mainstream. In 2018, he said the cryptocurrency was more likely to be worth $100 than $100K a decade from then. “Basically, if you take away the possibility of money laundering and tax evasion, its actual uses as a transaction vehicle are very small,” the former IMF chief economist opined.

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Given that there are, by current estimates, around 19,000 cryptocurrencies in existence, you would be forgiven for struggling to keep on top of what is worth investing in and what isn’t.

Unfortunately, however, in the fast-moving world of crypto, where new coins can rise and fall in a matter of months and where fortune favors the early investor, there is a real need to keep on top of what is hot and what is not.

With that said, in this short article, we will flag some of the rising cryptocurrencies that look to skyrocket in the future. And while this should not be taken as investment advice, it should be read as an indication of who the shining lights of the crypto industry look set to be in the coming months and years.

These kinds of developments are particularly useful to pay attention to, particularly in circumstances where the OKX cryptocurrency prices tend to be the most reported aspect of the crypto industry.

👉Ethereum (ETH)
Although Ethereum is the second most popular cryptocurrency by total market capitalization after the almighty Bitcoin, it arguably still flies under the radar in terms of its broader public awareness.

However, Ethereum is not just a currency in the way that Bitcoin is, which makes it such an interesting investment opportunity.


Ethereum is a network that allows developers to create and deploy their own currencies and smart contracts on it. This unique tech can potentially support a wide range of uses, which is why crypto developers have been paying such close attention to it.

The future also looks very bright for Ethereum because it is close to undergoing a significant upgrade, which will shift the technology to a “proof of stake” consensus, reducing the number of coins and essentially rendering mining obsolete. It will also significantly reduce the Ethereum network’s energy consumption, which is one of the most frequent criticisms leveled against the platform.


With this in mind, there is a strong argument to be made that Ethereum is still relatively undervalued compared to other bigger coins, such as Bitcoin.

👉Cardano (ADA)
Although its network has a smaller footprint compared to some of the other larger market cap cryptocurrencies, this is actually a big selling point. It allows transactions to be completed much more quickly and at a much lower cost compared to bigger coins, such as ETH and Bitcoin (BTC).

Cardano has also undergone significant network upgrades, which have increased its functionality and, therefore, its appeal to investors.


If this sounds quite similar to Ethereum, this is likely because Cardano was actually founded by Charles Hoskinson, who was also a co-founder of ETH.


These plans to be a better, more efficient version of ETH have caught the attention of investors. And despite all of the market turbulence, the price of Cardano has remained relatively positive. As a coin with a small market cap, this also presents a great opportunity for investors to get involved while it is still at a relatively early stage of development.

👉Tether (USDT)
Tether is unique from the other coins mentioned above, as it is what is known as a ‘stablecoin.’ This means that it is backed by traditional fiat currencies, such as the US dollar. The idea behind stablecoins is that by ‘tethering’ the value of USDT to a real currency, this will not only bring stability to its price but will also allow it to have greater utility as a means of international cryptocurrency and forex trading.

Although the long-term utility of stablecoins is certainly by no means settled, they have nevertheless garnered the interest of important institutional powers in the financial world.


Most recently, Tether has announced plans to launch a stablecoin tied to the value of the pound sterling and will work with UK authorities to develop the coin. This ties in with the UK Government’s broad plans for the UK to become a hub for cryptocurrency development.

It is these sorts of collaborations that make Tether a potentially interesting investment opportunity. And as more and more governments begin to take cryptocurrencies more seriously and begin to regulate them, the need for stablecoins such as Tether could significantly increase.

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