Trends

The new financial technology called cryptocurrency has gradually filled the financial markets of different countries. While some governments are happy to embrace fintech trends, others are rather watchful. A number of countries have already tried to either regulate or ban digital currencies.

While other countries ban the new financial technology, Bermuda remains optimistic. Having decided to follow the newest trends in the financial market, the Bermuda Monetary Authority issued a draft of “Bermuda’s fintech strategy” for regulating digital currencies and ICOs.

Digital currencies have become a source of high marginal returns considering its ample trading opportunity and skyrocketing prices. Consequently, it allows individual traders to take advantage of multiple aspects of digital currencies often without the knowledge of the pitfalls of trading, such as high volatility that leads to major price swings.

Large European game manufacturer Ubisoft has made up its mind to start researching Blockchain technology for further possible opportunities. Lidwine Sauer, the director of insights and trends at Ubisoft, reported that their company is looking towards the latest fintech innovations, including Blockchain.

The $500 billion cryptocurrency market is one of the most underutilized asset markets despite growing 3200% in 2017 alone. The market continues to record high growth and rapid evolution, setting trends that had been thought impossible less than three years ago. Bitcoin, the pioneering cryptocurrency, accounted for an average daily turnover volume of $13 billion.

Computers have helped revolutionize the realm of international finance, especially with the increasing use of artificial intelligence in creating algorithms to analyze and predict trends in the marketplace.

If you are an avid user of cryptocurrencies who regularly trades various currencies through exchanges, you would understand the importance of staying up-to-date with the latest market trends and information about cryptocurrencies.

In the previous article about Bitcoin price trends at Coinidol.com, the experts have predicted that the price of Bitcoin could hit $3,000 by the end of December 2017. However, it’s June now and last week the Bitcoin price has already reached $3,000.

In the previous article about Bitcoin price trends at Coinidol.com, the experts predicted that the price of Bitcoin could hit $3,000 by the end of December 2017.