Fidelity Investment conducted a survey targeted at institutional investors, which revealed only 22% of them actually owned cryptocurrencies. The survey did find that more than half of the people questioned about cryptocurrencies were quite knowledgeable and must have been facilitated on a peer-to-peer basis, major drawback in the adoption of cryptocurrencies as investment vehicles, especially in the retail sector.
A new survey by global financial advisory service deVere Group revealed that over two-thirds of high-net-worth individuals having investable assets in the excess of EUR 1 million or its equivalent will invest in cryptocurrencies over the next 3 years. 5 major reason for the trend is: cryptocurrencies are borderless, they are digital, they provide solutions for real-life issues, younger people are more likely to embrace them than older generations and, institutional investors are coming off the sidelines and moving into cryptos.
UK High Court Chancellor and Judge Sir Geoffery Vos said smart contract and cryptocurrency would inevitably see mainstream use in society, as long as appropriate regulations are set in place. He lauded cryptocurrencies, saying that legal certainty would ensure the starting line is crossed at some stage soon. We should, therefore, be looking to identify and, if necessary, remove any fundamental legal impediment to the use of smart contracts. My starting point is to ask why smart contracts have taken so long to become ubiquitous.
Weak Turkish Lira and an ongoing political wrangle with the US over the procurement of a Russian made missile defense system, 2018 has seen a 28% depreciation of the Turkish currency. Global crypto exchange OKEx has now extended its services to Turkey and experienced a rush. The volatility of the Turkish lira is quite high has made huge increase in Turkish investors in the cryptocurrency space during recent weeks.
Bart Chilton, a former executive at the U.S. Commodity Futures Trading Commission (CFTC), well known crypto advocate, has died at age 58 due to sudden illness. As an author and financial, political and policy writer, Chilton often expressed his positive stance on the crypto and blockchain industry. Chilton was also an active supporter of crypto regulation adoption, claiming bitcoin high volatility in late 2017 was a sign that regulation was what bitcoin really needed.
Specialist blockchain and artificial intelligence investment firm Final Frontier announced that they were partnering with infrastructure provider for Bitcoin mining Bitfury to launch a Bitcoin mining fund, designed to give investors. According to Bitfury’s executives, the fund is organized to bring Bitcoin closer to mainstream adoption by providing investors with a way to participate in mining in a confident and responsible manner.
Paytomat (a crypto payment gateway) has now made possible for its merchant users to receive crypto payments in 18 cryptocurrencies. The new crypto added includes BTC, BCH, ZEN, EOS, and ETH. Merchants incur zero fees, and can withdraw funds in a fiat currency of their choice if desired, with Paytomat hedging the risk incurred by potential cryptocurrency volatility.
The online survey, done through Google Surveys, included a total of 10,000 respondents, evenly spread over 10 European countries: Belgium, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, Spain, and the UK. Two-thirds of 10,000 surveyed Europeans believe cryptocurrencies will still be around in ten years’ time, but they’re less sure about Bitcoin itself, new research by cryptocurrency exchange bitFlyer showed.
Yelp, the prevalent nearby hunt specialist organization that enables clients to scan for a wide exhibit of organizations, including eateries, shopping, & stimulation has presented another channel that sorts organizations that acknowledge cryptocurrency as a type of payment. This will its 30 million mobile application users to filter their search results to show businesses that accept cryptocurrency as a form of payment.
The way that cryptocurrencies making progressively strides is obvious from the way that many top famous people are getting into it. As of late, tennis megastar, Serena Williams reported the dispatch of her new Investment (VC) firm. She has affirmed that her VC is now made a venture into the Coinbase trade, the well-known crypto exchanging stage. Serena Williams, who gloats most number of singles fantastic hammers to her name has covertly gone into crypto space.