Hot Issues Surrounding Cryptocurrency
Bitcoin Price Development
Even though the crypto space is maturing, and many other protocols have emerged, Bitcoin is still standing strong to be the most dominant cryptocurrency in the world by market capitalization. While some experts believed that altcoins would surpass Bitcoin by market cap, I think this will not be the case in the short and mid-term. Still, most people start their journey in the crypto space by purchasing Bitcoin and then later
Coin base IPO
Announcement was done already that it is introducing IPO, most people start in the crypto space by creating an account on Coinbase and purchasing Bitcoin, Coinbase is, besides Binance and Kraken, one of the world’s most prominent crypto exchanges
Increased Regulations and cap downs
As of lately there has been an increase in the attempt to try and regulate crypto currencies all around the world, As lawmakers around the globe see that crypto is establishing itself as a new asset class and was not a short-lived hype, that is the main reason why you will see a lot of mad rush to put control measures in the space. If it so happens in a manner of other exchanges regulatory frameworks will be published soon and it is a potential danger for crypto companies that have been around from the early times operating in the beginning in an unregulated manner
Usage of stable coins
These coins have proven themselves to be especially useful to deal with the high volatility of “traditional” cryptocurrencies. Many applications, especially in DeFi, would not work without stable coins. Besides DeFi, we also see increased demand and interest in stable coins from governments and institutions. Many national banks are currently experimenting with stable coins.
Rise of crypto Banks and ATMs
It all started in Switzerland 2019 where banking licenses was given to two crypto projects it was a massive success, then the United states of America followed suit, other countries are now adapting gradually the use of the digital currencies in their economies to maintain a balance.