The Cryptocurrency market as a whole following the 10% increase saw Bitcoin drop by 1%, XRP drop by 5% and ETH drop by 3%.
The latest cryptocurrency news illustrates that there are some positives that are coming to the market, especially as the market fights for the $300Bn Market Capitalisation.
Binance in conjunction with Neufund has launched the World’s First Decentralised Stock Exchange and The World’s First Decentralised Bank, all of these enterprises are based in Malta.
Moreover, Recently MasterCard has announced that they have been awarded a patent to collate a Fiat Account with a Cryptocurrency Account.
This could speed up cryptocurrency awareness as well as encourage security.
All of these pieces of data relates to one thing: What happens on August 10th When the World looks to the SEC to determine whether a Cryptocurrency ETF can be launched.
There are some negatives that means this couldn’t be the case, simply the volatility in the market as a whole – the SEC did not want to regulate Ethereum for the uncertainty owed to the Volatility.
Moreover, the Shariah Council only regulated XLM, Stellar Lumens as it was one of the only Crypto coins that were able to guard against unnecessary volatility.
Whats your Viewpoints on Volatility, the Nouvive team enjoys it as it increases the amount of return on investment, however, the World dislikes it as retail investors can be targeted by Market Makers.
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