How cryptocurrencies are progressing around the world – NEWSBTC 11/06/2017
It’s Monday, November 6th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. More countries are jumping big on the cryptocurrency train. Singapore is now home to several cryptocurrency start-ups such as CoinGecko. Indonesia could be the next BitCoin hub according to experts. Indonesia possesses the unique conditions that make it well-poised for bitcoin adoption. it’s the world’s fourth most populous country, and up to 80% of its population remains unbanked. Because one of the inherent advantages of digital currency is that it doesn’t necessitate having a bank account, Bitcoin could have a great potential to offer an alternative form of traditional banking. Other factors—the absence of a national credit lending system, coupled with increasing smartphone penetration, also make Indonesia a hotbed for cryptocurrency disruption. On the other hand, in the US, the SEC has warned about ICO’s and potentially unlawful celebrity promotion. The U.S. Securities & Exchange Commission issued a statement in relation to “celebrities and others” using social media networks to encourage the public to purchase stocks and other investments. Regardless of this, Bitcoin’s value surpassed ,000 on Friday, reaching the record level of ,629 by the end of last week’s trading sessions, although it pulled back a bit during today’s early trading session. If we’ve learned anything from Bitcoin’s volatile past, we could be expecting a further potential pullback in the coming weeks.Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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