Most people use bitcoin for investment rather than for payments, it is a currency, after all. And some users perform transactions with it just like with ordinary money, which it is, in fact. However, as the price of bitcoin has become highly volatile, the number of people willing to spend it has decreased sharply.
Amidst the chaos on the markets, stablecoins seems to have been least affected by the market crash. Analysts predict that over $7 Billion in investment funds will flow into the cryptocurrency market in the coming months.
The digital asset arm of Fidelity Investments, a giant investment manager based in the U.S., has rolled out its first venture in Europe, starting a new facade in a massive move to integrate ryptocurrency into conventional investing. This is the first time it makes a push into this blockchain and cryptocurrency-friendly continent.
A suspect identified as Donald G. Blakstad from the United States of America is facing legal action by the agency responsible for implementing federal laws, Securities and Exchange Commission (SEC), for supposedly operating a fake cryptocurrency mining activity.
With the growing interest in investing in cryptocurrency and blockchain-related businesses, a significant number of different regulatory agencies are trying their level best to transform this embryonic industry, however, a lot of venture capitalists including equity investors are still stuck on what to do since they have less awareness of these disruptive technologies.
Karatbars International, a German firm operating in the bullion business, claims to have created the greatest breakthrough in the global financial system. The company’s founders, Harald Seiz, Josip Heit, Alex Bodi, and Ovidiu Toma, claim that the world’s money will be replaced by the money created by Karatbars International.