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The fact that Bitcoin has succeeded is beyond dispute. Bitcoin has lasted 9 years. Bitcoin has a $100B+ market cap. Bitcoin has had better uptime than almost anything else and has spawned a pretty large ecosystem of businesses, open source projects and investors. Perhaps most tellingly, Bitcoin has also spawned a large number of imitators that compete against it.
Amid series of lawsuits on fraudulent crypto/ICO transactions,
We reported just a fortnight ago on NASDAQ’s interests in cryptocurrencies. Refer below weblink for further details:
World’s second largest exchange has now come up with the good news crypto aspirants. dx.exchange, which is all set to unveil next month as widely anticipated, this setup is to become the first crypto exchange powered by NASDAQ.
The exchange to permit its clients to deal into various cryptos with fiat money, to trade on a token-to-token basis, as well as to convert the coins back to fiat and to withdraw it.
At the initial stage, the platform may provide the top coins, such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, in the later phase, other 20-25 coins and some smaller tokens (both utility and security) would be allowed.
On the other hand, in conjunction with the last week’s SEC commissioner Hester Peirce’s constructive views on the mission of regulatory frameworks of cryptocurrency innovation space. Yesterday, another former crypto enthusiast, CFTC Chair J. Christopher Giancarlo, has been proclaiming his keenness on allowing crypto-innovation to bloom, while urging for the setup of proper control points for the fraudulent actions.
Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -100 (which is bearish), while hourly USD spot index was at -35 (mildly bearish) while articulating (at 13:32 GMT). For more details on the index, please refer below weblink:
http://www.fxwirepro.com/currencyindex.
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