Cryptocurrencies on the Rise – Lean about cryptocurrency values & new cryptocurrency trends! Plus, discover the top Cryptocurrencies on the Rise with the best cryptocurrency prices. Cryptocurrencies on the Rise is your first choice for CryptoCurrency News. Cryptocurrencies on the Rise: Detached and crazy! This year, the cryptocurrencies were already a very impressive spectacle.
The price of the Bitcoin climbed from an all-time high to the next and left gold far behind. The interest of investors is correspondingly high and in the USA the signs are pointing to growth. Bitcoin and Ethereum's share price jumps in the first half of 2017 saw a broad mass discover the opportunity to invest in it.
In the US, a new era for cryptocurrencies has now begun, because the US stock market regulator CFTC has for the first time issued a license to trade in derivatives on the cryptocurrency Bitcoin, as the news magazine Business Insider reports. Thus, the Bitcoin exchange LedgerX may offer warrants on the cryptocurrency from autumn 2017. Presumably, a few months later Ethereum Currency will follow. Now, speculation is no longer accessible only to private persons, but also to professional managers and institutions.
Thus, digital means of payment are likely to land in more and more deposits of fund managers. At the same time, there are critical voices, such as Howard Marks of Oaktree Capital, who warns his customers about the high-flying cryptocurrencies, CNBC reports. Cryptocurrencies on the Rise - According to Marks, digital currencies are an unfounded fad that aims to have a willingness to attribute value to something that has nothing to do with what people would pay for it. Marks see the cryptocurrencies rather in the area of speculation and warn of a "pyramid scheme" - where the participants lose their money sooner or later.
In the United States, several authorities are looking at the cryptocurrencies. The Securities and Exchange Commission said this week that companies are collecting money by selling digital assets that must comply with securities laws. She clarified that tokens are securities that fall under the supervision of the SEC, bringing new obligations on providers, Handelsblatt reports. In the recent past, the startup scene in particular benefited. Thanks to ICO's (Initial Coin Offerings) millions of dollars have been collected by investors within a few minutes. Cryptocurrencies on the Rise - The restrictions were very low.
As a result, investors speculated on a rapid increase in assets, rather than on the startup's actual business model. Another problem of digital currencies could be misused for money laundering. In the recent case, a 38-year-old man is accused of having washed at least four billion dollars over the digital currency Bitcoin, as the newsmagazine Reuters reports. The man was arrested on Tuesday in Greece and is said to have operated the company BTC-e to mainly launder money.
In addition, it has been reported in the recent past that the IS should do business in Bitcoin. So far, Ethereum has grown by 2,300 percent this year and Bitcoin has gained 160 percent, according to CoinDesk data. Cryptocurrencies on the Rise - Bitcoin has been around since 2009, and those who purchased Bitcoin in mid-June 2017 had to go straight down the plunge - from $ 3,018 on June 11, 2017, back to $ 1,938 on July 16, 2017. By now, Bitcoin is back at $ 2,556 Ethereum at $ 200.20 - in January 2017, the rate was between nine and ten dollars.
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