Bitcoin, Crypto currency, Blockchain

The situation on Wednesday: stability leaves something to be desired

b50f73103a1a3b8ca3926c12cfa5053d - The situation on Wednesday: stability leaves something to be desired

The price of Bitcoin rows folded down, while from New York, new stablecoins. Meanwhile, there are big movements of an unknown Wallet. The regulatory authorities increasingly the heads are Smoking, while one seems to be missing on the market: stability. The situation on Wednesday.

It is now moving at a much in the Bitcoin universe. At the moment it is mainly the Bitcoin Wallet 1933p, the waves’. Whether Or Not Mt.Gox, Dread Pirate Roberts, or any other I’ve been behind this – the impact on the Bitcoin price you can’t deny that. Suddenly, thousands of Coins are thrown on the market, and before you know it, slip the course to the bottom. Bitcoin shows its most volatile side of stability, one can speak in these days.

And, not to throw though, the Watchdogs from the United States are tired of your financial towers new Stable Coins on the market. While the authorities are doing to hard, to allow ETN, ETF, and friends, seem to be Stable Coins to slip more easily through the administrative mills. It’s always the same arguments, which seem to be against admission of financial products, but do not apply in the Fiat currency-linked Coins. Money laundering, financing of terrorism and the likes – so it seems sometimes, are the novel phenomena of the crypto market.

Rethinking takes

Here, ideas are changing, however, albeit slowly. A working group of the U.S. Congress realized that Bitcoin will not be used to Fund terrorism. Also in the Supreme regulatory authority, a delicate flower of hope germinates. There it is, the new SEC Commissioner Elad Roismann, to ensure a fresh Wind in the SEC. Thus, the Bitcoin certainly hope advocate, is the Ecosystem back to something safer legs.

Similar is also the past Finance Ministers meeting in Vienna hope for. Whether stable or not: The Ministers have realised that crypto currencies are here to stay. Therefore, the wool in the leadership of this new investment groups to view the class in more detail and more clarity. By the end of the year, we are working on a framework to crypto-currencies and ICOs better and categorize and classify. You wanted to work together at the European level.

And you, crypto?

The question, however, whether the crypto market levels off until then. Turning to China, we can see that the crypto market jacket coercion seems to find its way, in spite of prohibitions and regulatory paths. The stock exchanges in the middle Kingdom are always new ways to find loopholes in the law, or to remain undetected. Comparing the regulation of mills with the advances in technology, the question of who is leading the race currently.

Since you are allowed to avert its gaze once confidently from the course and to the Vision of Satoshi Nakamoto remember: to build a money system that on technology instead of institutions based. And Bitcoin is quite stable.

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