Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you.
Guys, apart from the great news, today we are announcing a series of giveaways. This week we are giving 10 dollars every day from Monday to Friday. You just need to comment below!! The winner will be picked at random. Starting today, we are giving $10 in XRP. Tomorrow will be Bitcoin! Stay tuned and don’t forget to leave your comment.
As seen on CoinMarketCap, bitcoin (BTC) has increased by 1.73 percent. Ether (ETH) still maintains its “second in command” status, with a significant gain of 10.54. Ripple’s XRP maintains the number three position, and it has increased by 1.41 percent.
Now, onto the news! Fidelity Investments is now set to launch its Bitcoin trading service for institutional investors. Fidelity will start buying and selling bitcoin on behalf of its institutional clients in a few weeks. Specifically, Fidelity claims it found out through its survey that about 47 percent of investors see digital assets as innovative technology, 46 percent see it as an uncorrelated asset, 27 percent think bitcoin has high potential, while 25 percent see cryptos as a tool for decentralization.
Now, onto the second news item for today! The United States Commodity Futures Trading Commission (CFTC) is seriously considering approving an ether futures contract shortly. It’s worth noting that the product may also act as a double-edged sword, as it would give pessimists a chance to bet against the digital asset and potentially crash the price just like the CME and CBOE Bitcoin futures contracts did to bitcoin last year.
Now, onto the third news item for today! According to a report by Zycrypto, citing a tweet by a Twitter user with the moniker, @CryptoMichNL, despite the nascent nature of bitcoin and blockchain technology, sending cross-border payments with cryptocurrency is still 30 percent more cost-efficient and faster than PayPal.
Of a truth, blockchain technology and digital assets are yet to gain mainstream adoption, the fact still remains that distributed ledger technology (DLT) has true potentials to change the face of global finance and thanks to fintech projects.
So what are your thoughts on this situation? Do you think that the launch of a bitcoin trading service by Fidelity Investments will have a significant impact on the price of bitcoin (BTC)? Will the CFTC’s approval of an Ethereum futures contract attract more institutional investors to ether in a good way? And what are your thoughts about Blockchain-powered payments solutions, do they have all it takes to take over the market from PayPal and other traditional payment platforms?
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We also have that cool series of giveaways – with the winner picked at random! $10 everyday from Monday to Friday in cryptoassets. Today we’re giving $10 in XRP, tomorrow will be Bitcoin. To be in the draw to win – all you need to do is to just comment below!
It’s Cindy with CryptoPig, Catch you guys around!
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