CRYPTOCURENCIES-ALL THINGS YOU SHOULD KNOW 19/01/2017- HUGE OPPORTUNITY

in cryptocurencies •  7 years ago 

Here is the latest news about crypto world:
South Korea could make a decision on Thursday over its stance on cryptocurrency exchange regulation, according to a report by Reuters.
South Korea's Financial Services Commission:“South Korea is considering both shutting down all local virtual currency exchanges or just the ones who have been violating the law.”
The comment indicates the government is moving to clear the recent confusion around cryptocurrency regulation in South Korea, mainly created by conflicting comments issued by different government bodies.
Aslo, Institutional Investors Will Bet Big on Cryptocurrencies in 2018
Unlike the stock market, which is seeing its eight-year bull run thanks, in part, to institutional investors, crypto-markets are dominated by individual investors. This is evident by almost every metric.

Crypto-exchanges, which are havens for individual investors, are overwhelmed. Popular crypto-exchange, Binance recently revealed that they added 250,000 new users in a single day. Kraken is onboarding 50,000 new accounts daily and they are logging an astonishing 10,000 new support tickets every day. In a blog post, Kraken developers wrote:

“The recent unexpected explosion in demand has been overwhelming.”

Some exchanges including Binance, Bitfinex and CEX.io have temporarily halted new account registrations so that they can update their technology and better prepare their platforms for the rush of individual investors flooding the market.

Moreover, the much-anticipated Bitcoin futures contracts are also being dominated by individual investors. According to The Wall Street Journal:

“In a sign of hCrypto.pngow more conservative firms are keeping their distance, the CFTC data show near-zero trading in Cboe’s Bitcoin futures by banks and asset managers.”

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://coss.io/news/article/a0268eeb-18df-4c50-9513-af7692ddfc78

The window is closing hurry up

Congratulations @youcandoit! You received a personal award!

1 Year on Steemit

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @youcandoit! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!