The US Subcommittee on Monetary Policy and Trade yesterday discussed major issues related to digital currencies. It was assumed that the hearing, entitled “The Future of Money: Digital Currency,” would be significant for the introduction of crypto assets into the economy.
A string of positive new product developments is helping to increase the rate of overall adoption of Bitcoin. One of the latest such products is the new Change Wallet - a mobile application for trading cryptocurrency without commission fees.
Mastercard has been awarded a US patent to develop a “method and system for linking blockchain-based assets to foreign currency accounts,” significantly speeding up cryptocurrency payments.
IBM Corporation has joined the American startup Stronghold to create the USD Anchor stablecoin on the Stellar blockchain. The next “stable” cryptocurrency pegged to the US dollar will be launched this year.
The altcoin market will move from a correction to a consolidation phase today
Tetras Capital, a hedge fund specializing in blockchain, cryptocurrencies and digital assets, recently announced that they are going to sell ETH and invest in BTC. Interestingly, the publication about this appeared shortly before the recent surge in the price of the cryptocurrency market, when Bitcoin broke through the $7,000 mark. This could be a sign of a bull run, which would certainly benefit Bitcoin investors.
Marc Lasry is the co-founder of Avenue Capital Group, a global investment firm that holds $14.1 billion in assets. Additionally, Lasry is also the owner of the Milwaukee Bucks basketball team.
Bitcoin has the most modest correction of the top three cryptocurrency pairs so far. Ethereum and Rippl rolled back to the “original level”
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