Bitquin gets a big boost today from Black Rock

Betquin began to recover again after a period of decline and turmoil, as it rose more than 5%, followed by the rest of the digital currency on the rise. The reason for the rise in the price of the Betcoin is to BlackRock and its chief executive Larry Fink, who once said that digital currencies are the most money laundering indicator of anything else.

A financial report released on Monday claimed that BlackRock had set up a working group to look into the digital currency and infrastructure of the Blockkin technology. Fink confirmed the news in his Bloomberg interview, saying he did not think the company's customers had previously sought to enter. In the encryption market.

The group said that it is like most financial institutions, and has had this group since 2015, and meets periodically to exchange information on the technology of the Blockkin, consisting of employees from all parts of the company.

The company added that it had been considering the Balkchinian technique for several years, to learn about the possibilities of joint operations and data through market participants, clearing, settlement and reconciliation and simplifying the issuance of securities.

Despite Fink's cautious remarks about digital currencies, and the fact that the working group is not new, some saw Black Rock's exploration of the Balkchin technique as an important event.

"BlackRock is the world's largest asset manager, so its interest in digital assets can be a catalyst for upward price movement and encourage managers," said Chris Yu, director of a digital currency hedge fund at Black Square Capital, in an interview with Reuters. Other assets, even with more conservative strategies urging investing seriously and cautiously in the encoder market.

The news immediately caused an increase of 4.5% in the price of the Betquin within two hours, according to a report from Quindisk.

At the moment, the Pitcairn stands at $ 6.738, up 5.25% over the last 24 hours. The currency has seen sharp declines, moving from a high of $ 20,000 to $ 5.787 in late 2017.

As for other digital currencies, prices have seen a rise in prices today. Ethrium has gained 4.6%, Ribble 6.6%, Petchem Cash 9% and IOS 7.8%.