Mediaboss Marketing

New Policygenius survey shows younger Americans are also more likely to try viral "hacks" and turn to social media for financial advice

NEW YORK, April 9, 2024 /PRNewswire/ -- When it comes to wealth, younger Americans specifically millennials and Gen Z have some catching up to do, especially considering adult members of these generations own just 74 cents for every $1 of wealth that baby boomers owned at the same age.

New data released todayshows that together Gen Z (ages 18-26) and millennials (ages 27-42) are almost equally likely to own cryptocurrency (21%) as they are to own real estate (20%). They are also more likely to try financial "hacks," often popularized on social media. In fact, 62% of the members of these younger generations have tried at least one of the six financial hacks we asked about in the survey, with the "no spend challenge" the most popular with Gen Z (21%) and almost two in 10 millennials (19%) having tried extreme couponing. Only 36% of Gen X (ages 43-58) and baby boomers (ages 59-77) have tried any of the financial hacks maximizing credit card rewards was the most popular hack for these generations (21% and 19% respectively).

New survey shows younger Americans specifically millennials and Gen Z have some financial catching up to do.

The 2024 Policygenius Financial Planning Survey found that the feelings different generations have about their finances vary greatly as well, with around three-quarters of baby boomers (78%) saying they feel at least somewhat proud of their finances, compared to 70% of millennials and 64% of Gen Z.

The survey also found that:

"Younger generations store their wealth differently than their Gen X and boomer counterparts, including novel investments like cryptocurrency. This could show a bigger willingness to take risks with their money, but it could also reflect obstacles they can't control, like the growing housing shortage," Myles Ma, Certified Personal Finance Counselor at Policygenius, said. "Buying a house may be out of reach at the moment for many, but taking big financial risks isn't necessarily going to help. More time-tested options stocks, bonds, life insurance will serve you better in the long run, especially if something happens to you and your loved ones need the financial coverage for their living expenses, like paying a mortgage or college tuition."

Policygenius commissioned YouGov to poll 4,063 Americans age 18 or older. The survey was carried out online from Oct. 16 through Oct. 19, 2023. The results have been weighted to be representative of all U.S. adults. The average margin of error was +/- 2%.

About PolicygeniusPolicygenius, a Zinnia company, is a one-stop insurance platform that makes it easy to compare and buy policies, get unbiased expert advice, and manage an insurance portfolio in one seamless digital experience. Alongside the intuitive enterprise technology solutions and insights offered by parent company Zinnia, an Eldridge business, Policygenius is helping create better end-to-end insurance experiences for shoppers, advisors, and insurers alike and enabling more people to protect their financial futures along the way.

For more information:Brooke Niemeyer Director of Media Relations [emailprotected]

SOURCE Policygenius

Original post:

Millennials and Gen Z are as likely to own cryptocurrency as they are real estate - PR Newswire

Cryptocurrency markets have surged in popularity, attracting investors globally. In the United States, especially in New York, financial regulation is very important.

Understanding the regulations is crucial. Also, for people who value privacy, finding trustworthy exchanges is crucial. They must be no-KYC (know your customer). This article covers the regulatory environment in the USA and New York. It focuses on no-KYC exchanges and factors to consider when choosing them. The article provides an overview of regulatory frameworks in the USA and New York

The USA features a multifaceted regulatory framework for cryptocurrencies. Federal agencies, like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), oversee different areas. The NYDFS enforces the BitLicense in New York. It is a regulatory framework in a financial epicenter.

BitLicense imposes strict requirements on companies in virtual currency. It focuses on consumer protection, cybersecurity, and AML (anti-money laundering) compliance.

Safety Measures and KYC Compliance

KYC procedures are fundamental to regulatory compliance for cryptocurrency exchanges. They mandate users to verify their identities before engaging in trading activities. They collect personal information like government-issued IDs and proof of address. They do this to prevent crimes like money laundering and terrorist financing. However, individuals seeking privacy may view KYC requirements as intrusive.

Understanding No-KYC Exchanges

No-KYC exchanges cater to individuals seeking to trade cryptocurrencies without undergoing identity verification. These platforms let users buy and sell cryptocurrencies. They can do so, preserving their privacy and autonomy. For users in the USA looking for a non-kyc us crypto exchange, these platforms let you join the market. You can join without sharing personal info. No-KYC exchanges provide anonymity advantages. But, they also carry risks. These include exposure to fraud and regulatory scrutiny. They should do this before using these platforms.

Factors to Consider When Choosing a No-KYC Exchange

The Best No-KYC Exchanges

No KYC exchanges exist. But, its essential to research them before picking one. Some popular options include:

Conclusion

Investors and traders must follow the rules and safety measures for cryptocurrency. These apply in the US and New York. KYC procedures are vital for following regulations. But, no-KYC exchanges offer privacy-focused alternatives.

By understanding the rules. And by considering factors like reputation, security, and transparency. Investors can make informed decisions. They can use this information when choosing no-KYC exchanges. However, its essential to recognize the risks. Exercise caution when trading cryptocurrency.

See original here:

Cryptocurrency Regulations and Safety Measures in the USA and New York: Exploring No-KYC Exchanges - FinSMEs

"PricePrediction.AI's state-of-the-art AI algorithms process vast amounts of data from over 100 news sources, delivering real-time, actionable insights for hundreds of cryptocurrencies." - Ioannis Tsiokos, Managing Director

"Our mission is to empower cryptocurrency investors and enthusiasts worldwide with the knowledge and tools they need to succeed in this exciting and rapidly growing market," said Ioannis Tsiokos, founder of PricePrediction.AI. "We're thrilled to introduce PricePrediction.AI to the cryptocurrency community and provide users with the tools and insights they need to navigate the dynamic crypto market with confidence."

PricePrediction's advanced AI algorithms perform both qualitative and quantitative analysis to deliver the most accurate and timely insights possible. The platform offers a wide range of features, including real-time cryptocurrency price predictions, in-depth market analysis, investment recommendations, beginner-friendly educational resources, and transparent, publicly accessible research reports.

PricePrediction.AI is committed to transparency and accuracy. All research reports and predictions generated by the platform will remain accessible online indefinitely, allowing users to audit the platform's track record and verify its performance over time.

The launch of PricePrediction.AI comes at a crucial time for the cryptocurrency market, as more investors seek reliable, data-driven insights to navigate the volatile landscape. With its advanced AI technology and commitment to transparency, PricePrediction.AI is poised to become an essential resource for cryptocurrency investors and enthusiasts worldwide.

To learn more about PricePrediction.AI and start accessing free, AI-powered cryptocurrency research, please visit https://www.priceprediction.ai.

Media Contact

Ioannis Tsiokos, Skinny Bottle Ltd, 30 6936576875, [emailprotected], https://www.priceprediction.ai

SOURCE PricePrediction.AI

See original here:

PricePrediction.AI Revolutionizes Cryptocurrency Research with Free AI-Powered Platform - PR Web

Next Article

What's the story

Shakeeb Ahmed, a seasoned cybersecurity expert, has been sentenced to three years in prison for stealing an estimated $12 million in digital currency. The US Attorney for the Southern District of New York announced the sentencing on Friday via a press release. As per prosecutors, Ahmed reportedly breached the security of two cryptocurrency exchanges and was taken into custody last year.

Upon his arrest, the authorities described Ahmed as "a senior security engineer for an international technology company." His LinkedIn profile indicates a previous stint at Amazon, although a representative from Amazon confirmed to TechCrunch that he was not employed there at the time of his arrest. The victims of Ahmed's hacking exploits were Crema Finance and Nirvana Finance, two cryptocurrency exchanges from which he stole $9 million and $3.6 million respectively.

Ahmed confessed to both cyberattacks. He hacked into Solana-based crypto exchange firm, Crema Finance, in early July 2022. Weeks later, he hacked into Nirvana Finance, which resulted in the loss of nearly all its assets, forcing the firm to shut down. Post his infiltration of Crema Finance, he attempted to return the stolen funds minus a $1.5 million fee on condition that Crema would not report the incident. However, Crema rejected the proposal and Ahmed was subsequently arrested.

Ahmed's case highlights a practice known as "white hatting" in the cryptocurrency industry. This involves unauthorized hacking and theft of funds from a victim without their consent, which is often considered an operational cost in this sector. However, law enforcement does not share this perspective. The practice has come under scrutiny following Ahmed's sentencing for his illicit activities.

In addition to his prison term, Ahmed has also received three years of supervised release. He has been ordered to forfeit $12.4 million along with a substantial amount of cryptocurrency. Furthermore, he is obligated to pay restitution exceeding $5 million to Crypto Exchange and Nirvana Finance. These penalties were imposed following his confession and subsequent sentencing for the cryptocurrency thefts.

More:

Cybersecurity professional sentenced to prison for $12 million cryptocurrency theft - NewsBytes

In the dynamic realm of cryptocurrencies, the quest for the next groundbreaking opportunities intensifies as we peer into 2024. This guide unveils 10 emerging cryptocurrency picks poised for substantial growth. From blockchain interoperability to eco-friendly mining solutions, these selections represent innovative projects with the potential to redefine the digital asset landscape. As investors seek to navigate the evolving market, these picks offer a glimpse into the future of decentralized technologies and the potential for wealth creation in the ever-expanding world of cryptocurrencies.

Polkadot has emerged as a frontrunner in the race for blockchain interoperability. Designed to facilitate communication between different blockchains, Polkadots innovative approach positions it as a cornerstone for the development of a decentralized internet.

Cardano, with its commitment to scalability, sustainability, and interoperability, has become a beacon of progress in the cryptocurrency space. The ongoing development of smart contract capabilities further solidifies Cardanos position as a contender for long-term success.

Chainlink plays a pivotal role in the blockchain ecosystem as a decentralized oracle network. By connecting smart contracts with real-world data, Chainlink addresses a critical need, making it an indispensable asset for developers and investors alike.

Solana distinguishes itself with its high throughput and low transaction costs. Designed to support decentralized applications (DApps), Solana offers a platform that is both efficient and cost-effective, positioning it for significant growth.

VeChains focus on supply chain management and product tracking sets it apart in the cryptocurrency space. Real-world applications and strategic partnerships contribute to VeChains potential for widespread adoption and sustained growth.

Theta Token has set its sights on revolutionizing the streaming industry by decentralizing content delivery. Its unique approach to video delivery and integration with blockchain technology make it a compelling investment for those eyeing the future of media consumption.

Formerly known as Matic Network, Polygon addresses the scalability issues of the Ethereum blockchain. Providing a framework for building and connecting Ethereum-compatible blockchain networks, Polygon offers solutions that make it an attractive option for developers and investors seeking scalability.

Stellar focuses on facilitating cross-border transactions and acting as a bridge between traditional financial systems and blockchain. Its emphasis on financial inclusion and efficient transactions positions Stellar as a cryptocurrency with the potential to redefine cross-border payments.

Aave operates as a decentralized lending and borrowing platform, leveraging smart contracts for peer-to-peer transactions. Its role in decentralized finance (DeFi) positions Aave as a key player in reshaping traditional financial systems.

Chia introduces a unique consensus algorithm called Proof of Space and Time, promoting an eco-friendlier approach to cryptocurrency mining. With a focus on sustainability, Chia has garnered attention as a greener alternative in the cryptocurrency landscape.

As the cryptocurrency market continues to evolve, these 10 emerging picks represent a diverse array of innovative projects with real-world applications. While the market remains inherently volatile, diligent research and a nuanced understanding of each project can empower investors to make informed decisions in this dynamic and promising space. As we look towards 2024, staying abreast of market trends and maintaining a thoughtful approach to risk will be essential for those seeking to navigate and potentially benefit from the ever-expanding world of cryptocurrencies.

Continue reading here:

10 Emerging Cryptocurrency Picks for Potential Wealth in 2024 - Analytics Insight