Cryptocurrency Signals

 

If you have looked at the finance section of any paper in a while, you will definitely have seen Bitcoin, quite possibly in the headlines too.It recently hit an all-time high in April, 2021 at above $63,000.

Since then it has devalued a little because no form of currency can keep breaking resistance consistently. You can find other blogs on crypto and Bitcoin here.

When people think of crypto-currencies – whether it’s Bitcoin, OneCoin or others – they think of the unsavory, mysterious operators somewhere offshore away from regulatory oversight. Of course, the financial services industry is heavily regulated, especially in the United States.

Confirming these perceptions, however, crypto-currencies – and their associated blockchains – are waiting to be regulated at the same level that other investments are.

It’s quite clear that the markets are ahead of the regulators in relation to crypto-currencies and blockchain. PricewaterhouseCoopers wrote in its 2017 Global Fintech Report that funding in blockchain companies has increased 79% from 2016, which amounted to the US $450 million. Moreover, 77% of financial institutions surveyed are anticipating integrating the blockchain into their firms by 2020.

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