The European Commission (EC) approved on Thursday September 24, a digital finance package, including a retail payments plan, digital finance strategy and legislative proposals on cryptocurrency and digital resilience, for a booming European Union (EU) financial sector that gives customers access to state-of-the-art financial goods and services.
With modern advancements in the fields of medicine and health advancing at an ever-increasing pace, the value of research and development has followed suit, with the specific area of clinical trials now thought to be valued at over $350 billion a year.
Giant electronic payment system provider to offer users of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and other digital assets in the Philippines the ability to purchase cryptocurrencies at around 6,000 retail stores in different parts of the republic.
Facebook, JPMorgan and Netflix are now in for the innovation game. Several giant institutions have entered the businesses related to blockchain and cryptocurrencies and this has given the industry a big boost. In the same sense, retail investors have also benefited since huge funds, derivatives plus many other monetary instruments are now accessible by the public.
For quite some time now, the off-the-exchange cryptocurrency market has been associated with major players and "whales," who closed deals worth hundreds of thousands or even millions of dollars. On the opposite side of the spectrum were OTC platforms designed for ordinary people, where users could buy or sell nominal amounts of cryptocurrency, $10 or so. But in this market there wasn't and still isn't to this day a happy medium, and its emergence, ICOBox experts believe, can drastically improve the entire digital currency trade and propel the industry to entirely new heights.
The prolonged bear market has left traders with no hope at all. Now it is highly probable that the Bitcoin price will sink further and go down to $3,000 or even less. However, Bitcoin seems to resemble a lottery ticket and one never knows what it can bring.
Five more university endowments have invested in digital currency funds, hinting that the crowd of institutional investors is finally starting to make at least a minute bet on the developing asset class.