Finance News
By Steven Anderson
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While the cryptocurrency has not been of particular interest to the general public to trigger mass adoption, it has been seen that there are celebrities who own millions in…
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Several public figures have endorsed and advocated the cryptocurrency as the currency of the future. There are some who own several millions of dollars in cryptocurrency.
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Bill Gates, previously remarked that for larger transactions currency can be inconvenient. He stated, "Bitcoin is better than currency." He expressed his reservations though.
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Of late, the United Nations reported the cryptocurrency to be a “new frontier” in digital finance.
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About $5 billion has been wiped out of the cryptocurrency market, and the market is in the red after a week of too little or no activity.
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Marcus Hughes stated that regulation would take shape this year, particularly in Europe. The European Banking Authority has called for standardized regulations within the…
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Cryptocurrency has established a standing power, and it is not likely to go away any soon. There is a speculation phase to Bitcoin.
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It is only with the utility phase that Bitcoin will be more understood and widely accepted. Mass adoption is likely only when the utility potential is explored, according…
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When it comes to the Wall Street money, Electronic Traded Notes are keeping them away from the cryptocurrency market.
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Ed Tilly, CEO of CBOE (Chicago Board Options Exchange) stated that ETNs are necessary for the success of the Bitcoin Futures, for the Wall Street and the main street.
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There are several global banks according to Hughes willing to enter into the cryptocurrency market; however, they are not able to venture in due to regulatory issues.
The Currency Analytics
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