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Regulators are coming for crypto: Is digital identity the answer?

It’s time to give control over personal data in megadatabases managed by a handful of corporations and governments back to the people.
The regulators are closing in. It’s one thing to unbundle market functions to their parts ―…



It’s time to give control over personal data in megadatabases managed by a handful of corporations and governments back to the people.

The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy.

From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets regulatory framework, and the somewhat clumsily-handed U.S. infrastructure bill, the regulators are slowly tightening their noose, and I fear this may be the start of a multi-year staring match ― with the decentralized finance (DeFi) market now firmly in their sights, too.

Related: DeFi: Who, what and how to regulate in a borderless, code-governed world?

Could digital identity help?

Whenever I’ve been asked what Bitcoin’s (BTC) killer app would be over the past 10 years, my response has always been “digital identity.”

Today, the world stands at a crossroads. One turn leads to ever-increasing and privacy-invading oversight now that money finally follows information onto the rails of the internet. Down the other is a road that sees personal data returned into the hands of individuals and out of mega AI-crunching databases controlled by a handful of corporations and governments.

It might have been anathema to early Bitcoin purists but reality bites and, throwing the growing debate regarding COVID-19 digital passports into the mix, we’re seeing the clouds of a perfect storm on the horizon that is likely to become the key narrative for the years ahead.

As central banks everywhere dismiss crypto assets as nothing more than chips on the roulette table in favor of their own thoroughly “groundbreaking” CBDCs, the excitement at their realization that they can now do both monetary policy and oversight is palpable.

The crypto markets have, unfortunately, already become a victim of their success, getting regulators all in a tizz to boot. The higher those “market cap” numbers have gotten (reaching $2 trillion earlier this year), the more itchy regulators have become. The Chinese have simply taken the sledgehammer approach and banned everything (apart from their recently launched CBDC, of course) while, in the West, regulators are (at best) taking a nuanced approach or else fighting with each other over whose purview it should come under.

Related: Authorities are looking to close the gap on unhosted wallets

With the majority of crypto economic activity still flowing through the major crypto exchanges and OTC desks, FATF forcing Travel Rule compliance on Virtual Asset Service Providers (VASPs) may well keep the genie in its bottle for now while these on/off ramps remain easily identifiable. But what happens if, or when, a self-sustaining crypto economy emerges where the majority move beyond speculation and, instead, get “in” and stay “in”?

Or if DeFi grows beyond its sizeable, yet niche, playpen?

Fungibility, transparency and ‘tainted’ currency

Having spent the last decade or more forcing anonymous “physical cash” out of the system, requiring the reporting of transactions over a measly few hundred bucks, can you imagine the brouhaha should Satoshi’s original vision of an “anonymous cash system” actually proliferate?

If you want to know the answer to that, just look at what happened when Mark Zuckerberg had the temerity to suggest such a notion through his Diem (formerly Libra) stablecoin project that might have ended up in the hands of three billion users overnight ― and Diem has (what should be a regulator’s dream) a digital identity hard-baked into the protocol by design from the very beginning!

Related: Stablecoins present new dilemmas for regulators as mass adoption looms

Sometimes these guys really can’t see the wood for the trees.

There has already been an endless debate over the recent years regarding Bitcoin’s (or other crypto’s) fungibility given how they may become “tainted” if or when traced to nefarious use. Transparency of blockchains has proven to be a useful tool not otherwise at their disposal to law enforcement agencies, whilst hackers have mostly found it far from easy to convert their swag back into “useful” fiat as exchanges blacklist their visible wallet address trails.

But surely “money” itself can’t be “clean” or “dirty”, “good” or “bad”? Surely it’s just a dumb object (or database, or “block” entry)? Surely it’s only the identity of a transacting party that can be deemed (albeit subjectively) good or bad? Not that this is remotely a novel debate. You can go back to an 18th Century British legal case to find it’s all been argued over (and rectified) a long, long time ago.

Leaving aside Zuck’s true intentions for Diem, thankfully I’ve not been alone in my long-held opinion on the role that decentralized identity (DID) might play in both our crypto and non-crypto futures.

Related: Decentralized identity is the way to fighting data and privacy theft

Self Sovereign Identity and the tech giants

For all the excitement on crypto Twitter from even a whisper of interest in Bitcoin from any well-known tech brand, the fact that boring old Microsoft started exploring digital identity as its chosen use-case for “blockchain” as far back as 2017 has garnered relatively little attention.

Not that others within the crypto industry weren’t equally cognizant that this would become a critical piece of infrastructure. Projects such as Civic (2017) and GlobalID (2016) are already a good few years in development and the topic of Self Sovereign Identity, whereby the individual — not a gargantuan central database — maintains private control of their identity and decides for themselves who to share them with rather than a tech conglomerate, is back high on the agenda.

With data protection becoming such an issue for regulators and a challenge for the majority of firms with an online user base, you’d have thought that these ideas would be embraced by regulators and companies alike.

And maybe, just maybe, regulators will join our side if the crypto industry proves that it can build safer and more robust systems. Those systems need to satisfy regulatory requirements for identifying transacting parties in a peer-to-peer payment — and by doing so, enable more institutional participants to safely enter the crypto markets with their compliance officers able to sleep at night.

It is, after all, the Googles and Facebooks that have most to lose should decentralized digital identity prevail. Without our data to pimp, they’re royally screwed.

Related: The data economy is a dystopian nightmare

Murmurings of dissent are already being heard relating to the responses to the current World Wide Web Consortium (W3C) Call for Review regarding Decentralized Identifiers (DIDs) v1.0.

Will the turkeys willfully vote for Christmas or will they ultimately have to find a way to live with the inevitable in the same way that the major telcos had to in the 90s when they were up in arms at the idea that VOIP-utilising upstarts such as Skype might get away with enabling free telephony for everyone?

My hunch is that the masses, once armed with the right tools, will eventually win out but one thing is for sure: The battle lines have been drawn. So grab the popcorn and sit back. This fight is just beginning and has a good few years to run but, when it’s over, crypto nerds everywhere might finally see the global adoption they dream of.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Paul Gordon is the founder of Coinscrum, one of the world’s first Bitcoin Meetup groups in 2012, with over 250 events organized and over 6,500 members. Paul has been a derivatives trader/broker for over 20 years.

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Best Penny Stocks to Buy in October 2021

Here are some of the best penny stocks to buy in October 2021. The stock market is pushing to new highs and taking many stocks with it.
The post Best Penny Stocks to Buy in October 2021 appeared first on Investment U.



October 2021 is closing soon, and there are penny stocks to buy and take advantage of.

Now is a great time to do your research and invest. Most of these stocks are low right now. So, it’s easy to buy in. Then, around the Christmas season and leading up to it, many stocks might climb higher.

This isn’t a rule, just something I’ve noticed. It’s kind of great. You do your due diligence, and then, if you pick the right penny stocks, they reward you with a Christmas gift. There’s probably a science behind picking stocks that will go up for the Christmas season.

But, I would guess that everything gets a boost leading up to that time. Especially in the retail space. People are spending a lot more and cash is flowing.

Too bad it’s not all put into the stock market. Can you imagine the returns?

Penny Stocks Risk-to-Reward

Penny stocks are volatile by nature. That means that yes, you can make great returns in a short amount of time. But, that also means that you can lose your money in a short amount of time, which is not fun. If you’re starting out in stock investing, you should expect to lose some money. That’s just how the game works.

Penny stocks are only a gamble if you don’t do your due diligence. If you follow up and do your homework, you can lessen your risk.

If you don’t know how, then you can learn how with financial education sites like Investment U. There are other investing e-letters you can sign up for as well.

Do your homework, but don’t put money in yet. Collect the stocks you think would be good investments. Write down the price each one is right now. Then, wait the stock out for a few months to a year.

Go back, see what price the stock was when you first collected it. See how your investments would have done. Take mental or physical notes, and learn from the experience. This is called virtual or paper trading and there are websites that can track this for you as well. Here are some stock trading simulators to consider.

Another tool I suggest is diversification. If you’re itching to invest right away, diversify. And only invest small amounts.

Penny Stocks to Buy in October 2021

  1. Gerdau (NYSE: GGB)
  2. Cinedigm (Nasdaq: CIDM)
  3. Team Inc. (NYSE: TISI)
  4. Alpha Esports Tech (OTC: APETF)
  5. NextPlay Technologies (Nasdaq: NXTP)

Best Penny Stocks


We will soon be seeing a large amount of money going into infrastructure. Raw materials like concrete and steel will be in high demand. Gerdau is a long steel producer. They operate in many countries around North and South America.

Its financial report for Q2 looks incredible. It reported a 118% increase in revenue from last year’s Q2. And it gets better…

Net income is up by over 1,100% compared to last year’s Q2. And net profit margin is up by 467% compared to last year.

Those are great numbers, but also consider that last year’s Q2 was when things began going south for many stocks. Even so, Gerdau’s stock has come back from that. And it’s been doing even better than before the pandemic took hold.

In 2008, its stock went all the way up to over $25. Now, at the time of writing this, it’s closer to $5 after a recent correction. Although, it might be turning around and heading higher.


I know exactly how you read that.

“Cinedigm. A new paradigm in cinema.” Only, in your head it was super loud. And super obvious.

And if you didn’t read it that way, you haven’t been to a theatre. That’s what Cinedigm does. It’s an American entertainment company that handles digital cinema. (In case you didn’t know by the name or slogan.)

It also deals with streaming channels and content marketing. In fact, right now it’s set to handle the first digital rentals of Hallmark Channel content.

It’s a great time to buy this stock in particular. Because those rentals are going to soar when Christmas rolls around.

The stock chart looks really juicy for Cinedigm. It was well over $130 at its peak back in 2006. It’s been in a big bear since then. Prices have bottomed out, and are picking back up again. Over a five-year view, it’s in a bull run. There could be some huge gains in store for this penny stock.

Team Inc.

Team Inc. does not initially look like a good investment. It’s on a big bear run and its financial report is negative.

But, when taking a closer look, it’s the industry that this penny stock targets that makes this a potential winner.

Team Inc. employs digital solutions for the maintenance, optimization and repair of pipelines. Pipelines for oil, gas, refining and chemical. It also has solutions for aerospace, power and mining. Many other industries, too.

The company was founded in 1973, so it has a long history.

Oil and gas prices are expected to go up, and they may take this stock and other oil penny stocks with it. Or at least slow down the bear it’s in. On its financial report, revenue is up by 26% compared to last year’s Q2.

Alpha Esports Tech

I’ve spoken on at least one other post about Alpha. It’s a new company, founded in 2019. It hardly has a record on the stock market. It was only listed a few months ago, in June. And it’s already had a couple nice spikes.

One happened in July, where it went from $0.55 on July 2nd to $8 on July 9th. The other happened in August, when it climbed from $0.19 on August 23rd to $5.36 on September 3rd.

This penny stock is volatile, and it’s hard to tell what it will do next. But, if you get in on a low price, like it’s seeing at $0.32 right now, you might see some big returns. What makes this stock so great are the industries it’s in.

Alpha is a tech company that focuses on esports. Esports are competitive video games that are played between two or more people or teams. Often, there are spectators. This is not what you’re thinking. You’re thinking about someone in their room playing against another player?

No. This is a big event. People gather, just like for a sports game. There are stands, tons of multi-colored lights. I recommend doing a quick search for photos.

Esports is growing significantly. And still young, too. Alpha is a major player in this arena.

Other than esports, Alpha is in ecommerce, blockchain and mobile gaming. And all those are young and growing, too.

To invest in some of bigger companies, check out these top video game stocks.

NextPlay Technologies

NextPlay is also in the gaming space. But in a different way. NextPlay focuses on advertising and marketing in different areas. These areas include travel, gaming and fintech. It uses artificial intelligence and blockchain to create unique experiences for the user.

The leadership behind this company is great. Each person in management has a long history of success. On the financial side, the company still is spending to establish the business. It has enough cash on hand for a while but needs to generate sales soon.

Investing in Penny Stocks and Beyond

Some of the penny stocks above might produce some big returns. Although, there’s higher risk that comes with that potential reward. That’s why many intelligent investors spread out their bets and diversify.

If you’re looking for even more investing opportunities, sign up for Trade of the Day below. It’s a free e-letter that’s packed with tips and tricks. You’ll hear directly from investing experts.

The post Best Penny Stocks to Buy in October 2021 appeared first on Investment U.

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Top Mining Penny Stocks You Need to Know About Right Now

Are mining penny stocks on your watchlist right now?
The post Top Mining Penny Stocks You Need to Know About Right Now appeared first on Penny Stocks to Buy, Picks, News and Information |



Are These Mining Penny Stocks on Your Watchlist in October?

Mining penny stocks have become extremely popular over the last year or so. And, there are a few main reasons why that is the case. For one, mining stocks tend to be more stable than most others, as their trajectories are less affected by speculation. While this is more true with blue-chip mining stocks, it is also the case with mining penny stocks.

[Read More] 3 Biotech Penny Stocks to Watch That Are Climbing Right Now 

In addition to this, many investors have turned to mining stocks this year as a way to avoid the ups and downs of the stock market as a result of Covid. Specifically, gold stocks are highly popular as they present a ‘safeguard’ investment against inflation and market volatility. Historically, gold has been a mainstay in the market during times of economic trouble. And while we are emerging from the pandemic right now, investors are still uncertain about the future. 

As a result, mining stocks remain very popular right now. As we continue to move into the end of the year, it’s worth keeping an eye on the demand for resources such as gold, silver, and other popular mined ores. This will help to illustrate how these stocks could perform in the future. With that in mind, let’s take a look at three mining penny stocks to watch right now. 

3 Mining Penny Stocks to Watch Right Now

  2. Yamana Gold Inc. (NYSE: AUY
  3. B2Gold Corp. (NYSE: BTG

IAMGOLD Corporation (NYSE: IAG)

IAMGOLD Corporation is a mining penny stock that has climbed by over 30% in the past month with 5% of that occurring in the last five days alone. This company develops, explores for, and operates gold mining properties. These properties are located in the Americas and West Africa. Its mines include the Rosebel mine, Essakane mine, and Westwood mine among many others. In addition to gold, the company also searches for silver and copper as well.

[Read More] 4 Penny Stocks For Your List As Trump’s DWAC Stock Breaks The Internet

On October 19th, the company provided its preliminary operating results for the third quarter of 2021. All of IAMGOLD’s mines reported positive results during this period. Its Essakane mine had an average recovery of 83 percent at 3.3 million tons. Additionally, the Rosebel and Westwood mines provided positive results for the company as well.

“We achieved attributable production of 153,000 ounces during the third quarter and are pleased that our total attributable production is trending towards the upper end of the guidance range. Essakane continues to deliver strong results and Rosebel is performing in line with the updated plan.”

Gordon Stothart, the President, and CEO of IAMGOLD

Right now, many investors are turning to gold and mining stocks in general as a way to hedge bets against inflation. And as a popular gold stock, IAG could be worth looking into. Considering this, does it deserve a spot on your penny stocks watchlist?

Yamana Gold Inc. (NYSE: AUY)

Yamana Gold Inc. is another gold stock that has been moving up in the last few trading sessions. While its 8% gain over the past month is not as large as IAG’s, it is still substantial considering the relative stability of mining stocks. This company produces various precious metals in the United States however, its primary focus is on the production of gold. Silver is also a big market for Yamana, which it searches for at its development stage properties, exploratory sites, and land positions.

The most recent Yamana update was released on October 4th. The company announced that it will reveal its third-quarter operating and financial results after the market closes on October 28th, 2021. The next day, at 9 a.m. EDT, a conference call and webcast will be held. The financial results of Yamana Gold could have a big impact on its stock price if either positive or negative results are reported. This is something we see with most stocks, and for that reason, financial reports are always important to consider. 

The price of AUY stock is not just dictated by how the company is performing though. The prices of gold and silver are also major contributors to whether AUY stock will move up or down. It seems as though it is a balance between the price of gold, speculation, and the fundamentals when it comes to AUY stock. This is why it is important to stay up to date with the latest in the market. For now, will AUY stock be on your list of penny stocks to watch in October?


B2Gold Corp. (NYSE: BTG)

B2Gold Corp. is one of the bigger recent gainers, pulling in over 26% in gains in the past month. As its name suggests, this company primarily produces gold however, it also searches for other precious metals as well. Currently, B2Gold has three operating mines in Mali, the Philippines, and Namibia. Additionally, B2Gold has other evaluation and exploration assets located in Uzbekistan, Finland, Burkina Faso, and more. It’s worth noting that the company also has an 81% interest in the Kiaka Project.

On October 19th, B2Gold Corp. reported its gold production and gold revenue from the third quarter and first nine months of 2021. The company’s total gold production for the quarter was 310,261oz, which is 7% higher than its budget. This number is also 18% higher than its third-quarter 2020 numbers. Based on its positive performance, the company’s annual production guidance range has been increased to 1,015,000 to 1,055,000oz. 

[Read More] Top Penny Stocks to Buy Now? 3 Under $4 to Watch

The company stated, “The Company is currently compiling its consolidated cash operating costs and consolidated AISC results for the third quarter and first nine months of 2021, which will be released along with its third quarter and first nine months of 2021 financial results after the North American markets close on Tuesday, November 2, 2021.” B2Gold’s full third quarter 2021 financial results will be released on Tuesday, November 2nd after the markets close. Before these results are released, will BTG make your penny stock watchlist?


Are Mining Penny Stocks Worth Buying Right Now?

Finding the best mining penny stocks to buy in 2021 can be challenging. But, with a keen insight into which stocks are performing well, what the industry is doing, and how it could perform in the future, it can be much easier to make money with penny stocks. Considering all of this, do you think that mining penny stocks are worth buying right now or not?

The post Top Mining Penny Stocks You Need to Know About Right Now appeared first on Penny Stocks to Buy, Picks, News and Information |

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Best Penny Stocks to Watch as The Market Turns Bullish

Penny stocks are seeing heightened momentum, which companies are you watching?
The post Best Penny Stocks to Watch as The Market Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information |



Are These 3 Penny Stocks Worth Watching Right Now 

Right now, there is a lot of action in the stock market with both penny stocks and blue chips. The most popular stock in the past day or so has become DWAC stock. If you’re not familiar, Digital World Acquisition Corp. (NASDAQ: DWAC) is a Trump-backed SPAC that aims to bring the former Presidents’ new social media platform to life. In the past two days, shares of DWAC stock have climbed by a staggering 356% including an 83% gain in premarket today. 

[Read More] Are These Penny Stocks on Your Watchlist Right Now?

While this may not be the greatest sign for market stability, it is encouraging for those looking for a bull run. And as a result, investors are heavily focused on penny stocks that could follow suit. While DWAC is a unicorn in that we don’t see gains like this regularly, it is still exciting to see that the market can support this. And because of that, we could see this bullishness extend into other areas of the stock market. 

As always, make sure that you know your own investing style and whether you’re more inclined to invest in riskier stocks, or if you’re looking for more stable stocks to buy. This will help you to figure out which penny stocks could be worth buying and it will allow you to avoid making unnecessary losses. Considering all of this, let’s take a look at three penny stocks that could be worth watching right now. 

3 Penny Stocks to Watch Right Now 

  1. Borqs Technologies Inc. (NASDAQ: BRQS)
  2. ADMA Biologics Inc. (NASDAQ: ADMA
  3. Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)

Borqs Technologies Inc. (NASDAQ: BRQS)

Borqs Technologies Inc. is a penny stock that has climbed by over 9% in the past five days. If you’re unfamiliar, Borqs is a tech company that focuses on software development services. Its services provide Android smart connected devices and cloud service solutions. In addition, it offers the BorqsWare software platform which utilizes BorqsWare Client software used in Android phones, tablets, watches, and various IoT devices. The BorqsWare Server software allows clients to develop their own mobile end-to-end services for their devices.

On October 19th, the company acquired 51% of Holu Hou Energy LLC. It signed definitive agreements on this date to acquire the ownership. The purchase consideration was made in cash and ordinary shares of Borqs, based on the performance of Holu Hou Energy in 2022 and 2023. Starting in the fourth quarter of 2012, HHE financial results will be consolidated into Borqs. The company has also reaffirmed the year 2022 HHE revenue forecast of $48 million. Right now, the energy industry is on fire following major shortages and higher-than-average demand. And as a result of the pandemic slowing in severity, more people are traveling and returning to work, indicating more demand for oil and gas. 

On the day that this was announced, BRQS stock climbed up by over 14% in the market. The company’s average volume is over 4 million, but on October 21st, its volume was over 18.6 million. Over the last 5 days, BRQS has experienced a lot of positive momentum in the market. Moving forward, it will be interesting to see how the company performs in the coming months. For now, will you consider BRQS for your list of penny stocks to watch?

ADMA Biologics Inc. (NASDAQ: ADMA)

ADMA Biologics Inc. is a biotech penny stock that has pushed up by over 8% in the past five days, indicating sizable bullish sentiment. This company offers biologics to treat immune deficiencies and infectious diseases. ADMA is involved in the development, manufacturing, and marketing of these products. Its BIVIGAM product is for treating primary humoral immunodeficiency. It also offers Nabi-HB for treating acute exposure to blood containing Hepatitis B. In addition to this, it has a sizable pipeline with other compounds that could be worth looking into.

[Read More] Penny Stocks To Buy Today? 3 To Watch After Trump Media DWAC Jumps

On October 19th, the company announced that it soon will hold a new poster presentation. This poster presentation will take place at the 2021 International Society for Influenza and other Respiratory Virus Diseases – World Health Organization Conference. Included in the presentation will be the case documents for the use of ASCENIV as concomitant therapy in a patient presenting with severe respiratory viral disease and COVID-19 infection. This conference takes place between October 19th and 22nd. The conference is also likely behind the recent speculative gains for ADMA stock. Ahead of this news, will ADMA stock be on your penny stocks watchlist next week?


Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS)

Powerbridge Technologies Co. Ltd. is a penny stock that has climbed by almost 20% in the past five days, indicating a sizable bullish turnaround. For some context, PBTS is a tech corporation that provides solutions and services as well as software applications. Its Powerbridge System Solutions are used for customers to streamline trade operations, trade logistics, and regulatory compliance. It also offers Powerbridge SaaS solutions such as Logistics Service Cloud and Inward Processed Manufacturing Cloud.

On October 8th, it announced that it has established cryptocurrency mining fleets for Bitcoin and Ethereum. The Hong Kong-based operation expects to deploy 2,600 high-performance mining rigs. This is comprised of 600 high-performance BTC mining machines and 2,000 high-performance ETH mining machines. These machines have hash rates of 60 PH/s and 1,000 GH/s respectively. 

“Powercrypto is a major strategic move by the Company to highlight our global presence in the crypto-mining business. We will focus on enhancing our overall hash rate level in BTC and ETH mining by setting up mining fleets in North America and Asia.”

Chief Technology Officer of Powerbridge Sean Wang

With Bitcoin reaching an all-time high only a few days ago, many investors are bullish on anything relating to crypto. And as a result, PBTS is seeing heightened attention right now. With its sizable gains in the past few days and increased trading volume, it’s no wonder that investors are paying attention to PBTS stock right now. With this new info in mind, will it make your watchlist this month?


Which Penny Stocks Are You Watching in 2021?

Finding the best penny stocks to buy in 2021 can be challenging. But with so many options to choose from, it all comes down to the amount of time and effort you’re willing to put in.

[Read More] 4 Hot Penny Stocks To Watch After The 1,282% HX Stock Rally

With the right research on hand, making money with penny stocks right now can be completely doable. But without research, it can be a minefield. Considering all of this, which penny stocks are you watching in 2021?

The post Best Penny Stocks to Watch as The Market Turns Bullish appeared first on Penny Stocks to Buy, Picks, News and Information |

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