Crypto april 2021

Cryptocurrency is having its best year yet in While being one of the few industries to grow in , with recent developments in the U. In the last six months, the crypto economy experienced significant milestones, fueling the record surge of the digital asset; and the industry is expected to preserve momentum even after rallies come to an end. Although we only just entered the second quarter of the year, we have seen a number of noteworthy developments in the field of cryptocurrencies, some of which are highlighted below. Overall, the emerging crypto market is not only attracting retail investors, but also traditional financial institutions and large corporations that are looking to profit from the emerging trend of digital assets.

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Content:

• Why interest rates, stocks and crypto are sometimes correlated
• What we know about China’s cryptocurrency crackdown
• Taking the crypto out of digital currency
• The State of Crypto Regulation - June 2021
• YEARENDER The Year of the Doge? 2021, crypto's wildest year yet
• Bitcoin's rocky reign and the rise of memecoins: Why 2021 was crypto's wildest year yet
• Bitcoin in 2021: How the Cryptocurrency Fell From All-Time High to About 50 Percent in a Month
• The 2021 Outlook for Bitcoin Prices, Adoption and Risks
• What Caused The Bullish Crypto Market Of 2020-21?

WATCH RELATED VIDEO: TOP 4 ALTCOINS I'M BUYING NOW 🚀 - CRYPTO April 2021🤑 - BITCOIN \u0026 ALTCOINS CRASH?!-

Why interest rates, stocks and crypto are sometimes correlated

Bitcoin enduring the birthing pains of regulatory acceptance. Over the last year it has become evident that Bitcoin and other digital asset prices are hugely sensitive to regulatory announcements and news of governmental policies designed to control mining and force digital assets into fitting within incumbent financial frameworks. We believe that assessing the future potential impact of regulation involves monitoring the narrative around both international standards and local regulation.

The G7 Summit, held over the weekend in Cornwall, United Kingdom did not bring any new material proposals for the regulating of digital assets to the fore. The emphasis was on regulatory consistency by largely copying the text from the previous Summit in October with a hint as to future papers to be released in the second half of Thankfully this FUD fear, uncertainty and doubt did not contribute to proposals for tougher regulation of digital assets.

The G7 solution, we believe, may be more along the lines of that proposed by Alex Younger former head of MI6 which would prohibit the payment of terrorist ransom ware requests altogether. Also released last week, was a consultation paper from the Basel Committee on Banking Supervision on prudential treatment of cryptoasset exposures.

The excited reaction to the paper probably had more to do with the fact that bitcoin was being recognised akin to other assets and granted a specified albeit a very punitive prudential treatment.

As Bitcoin and other digital assets grow in market capitalisation, regulatory scrutiny is only likely to escalate. In some ways this increased scrutiny is encouraging as it confirms greater adoption and regulators taking notice.

Are regulators a source of price volatility? We can see through price action that Bitcoin and other digital assets are hypersensitive to regulatory and governmental scrutiny, this is understandable given it's an emerging new asset class. This implies that regulatory scrutiny does look to be a source of volatility.

Regulators have only recently begun to regulate as the asset class gains broader acceptance, but there remains uncertainty as to how they will regulate, either by proposing a bespoke regime for digital assets, banning it outright or assimilating the asset class into their existing regulatory frameworks. At present, getting a gauge for sentiment on digital assets from regulators is difficult due to the muddled nature of reporting by the media. Here we clarify what we believe is the current mood amongst the regulators in Europe, the US, the UK.

European regulators have shown progressive if not hesitant acceptance of digital assets as a novel asset class. European regulators are also allowing more traditional fund structures to directly access digital assets. Alternative Investment Funds AIFs are increasingly looking at the asset class to offer different forms of active exposure to institutional investors and receiving favourable approval as to their eligibility. Additionally, the proposed EU-wide regulation entitled Markets in Crypto Assets MiCA represents a promising development for providing services across the EU under a consistent piece of regulation.

Apparently in excess of comments were received during the consultation period. Our hope is that MiCA can provide a comprehensive and transparent regulatory regime, providing investor protection, to allow the digital asset ecosystem to flourish. We eagerly await the next draft of these proposals to assess it against these objectives.

The United States remains somewhat mired in its status quo. Meanwhile, the Securities and Exchange Commission SEC remains steadfast in its requirements for approving an ETF, with particular emphasis on the liquidity on regulated digital asset exchanges reaching sufficient levels to allow for appropriate surveillance sharing agreements. This remains the primary condition precedent for an ETF approval.

With the departure of historically crypto-critical chairman Jay Clayton, and his replacement Gary Gensler, who taught a lecture series at MIT on bitcoin and blockchain, there is an optimism that will bear witness to material progression from US regulators and law makers on understanding digital assets.

Lending credence to this belief is the addition of Cynthia Lummis to the Senate, representing Wyoming. A very vocal advocate for digital assets for years, Ms Lummis has proposed a financial innovation caucus in the senate to better understand digital asset technology and clarify the regulatory framework. The UK seems to be the lone vocal hold out among Western regulators with its insistence that Bitcoin and other digital assets have zero intrinsic value and its continued desire to ban all access to retail investors.

There are currently three consultations for where industry is awaiting feedback on the direction of travel by the UK. Earlier this year the UK issued a general consultation and a call for evidence on cryptoassets and stablecoins generally. The two other consultations relate to imposing additional restrictions on the marketing, which will impact all digital assets. It is not difficult to envision a scenario in which marketing or offering all digital assets to retail investors is difficult, if not next to impossible.

Those firms have been allowed to continue operating under a temporary permission, now extended to 31 March Next steps for those firms remain unclear. As a result, the regulatory framework for firms operating digital asset businesses and for those who wish to offer financial products referencing digital assets in the UK remains difficult, at best. A regulatory crack-down on Bitcoin and digital assets more broadly continues to be a risk overhang for investors, with a heavy -handed approach likely to be significantly detrimental to prices.

Quite ironically, the uncertainty around crypto-asset regulation is likely a key contributor to volatility in crypto-asset prices, as is evidenced in its extreme sensitivity to the subject. Encouragingly we continue to see a progressing trend towards regulatory acceptance, albeit this path is not always a straight one. The information contained in this document is for general information only. Nothing in this document should be interpreted as constituting an offer of or any solicitation in connection with any investment products or services by any member of the CoinShares Group where it may be illegal to do so.

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Fees and expenses have not been included. Although produced with reasonable care and skill, no representation should be taken as having been given that this document is an exhaustive analysis of all of the considerations which its subject-matter may give rise to. This document fairly represents the opinions and sentiments of CoinShares, as at the date of its issuance but it should be noted that such opinions and sentiments may be revised from time to time, for example in light of experience and further developments, and this document may not necessarily be updated to reflect the same.

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CoinShares does not accept any liability whatsoever for any direct, indirect or consequential loss arising from any use of this document or its contents. Any forward-looking statements speak only as of the date they are made, and CoinShares assumes no duty to, and does not undertake, to update forward-looking statements.

Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Nothing within this document constitutes or should be construed as being investment, legal, tax or other advice. This document should not be used as the basis for any investment decision s which a reader thereof may be considering. Any potential investor in digital assets, even if experienced and affluent, is strongly recommended to seek independent financial advice upon the merits of the same in the context of their own unique circumstances.

Europe is currently assessing comments received on its proposed Market in Crypto-Assets; while the US and UK do not yet propose to offer regulation designed for digital assets. Our insights on the interplay of regulation and bitcoin volatility highlight that, ironically, regulatory uncertainty is a significant cause of volatility. Insights on regulation and bitcoin volatility As Bitcoin and other digital assets grow in market capitalisation, regulatory scrutiny is only likely to escalate.

Gradual European Acceptance European regulators have shown progressive if not hesitant acceptance of digital assets as a novel asset class. UK Doing its Own Thing The UK seems to be the lone vocal hold out among Western regulators with its insistence that Bitcoin and other digital assets have zero intrinsic value and its continued desire to ban all access to retail investors.

Summary A regulatory crack-down on Bitcoin and digital assets more broadly continues to be a risk overhang for investors, with a heavy -handed approach likely to be significantly detrimental to prices. Sign up for our monthly newsletter Subscribe.

What we know about China’s cryptocurrency crackdown

Happy crypto May everybody! Welcome to another month that's starting off green, but to see how we got here, we need to go back and take a look at what happened in the month before. April was by no means an unsuccessful month price appreciation-wise for either the top 10 coins by market capitalization, or the majority of the top Nonetheless, it wasn't as green as March , likely caused by certain bumps on the bull's road.

Taking the crypto out of digital currency

Exclusive: Mayor urged to implement promised ban on gambling adverts on TfL — and to extend it to crypto companies. Cryptocurrency firms bombarded Londoners with a record number of adverts on public transport during , fuelling calls for a ban to prevent people being lured into risky investments. The surge in adverts for crypto assets, which are unregulated in the UK, has prompted concerns about the risk of addiction and financial harm, particularly given the wild volatility in the price of digital currencies such as bitcoin, which reached record highs last year before crashing again. It also emerged that Transport for London TfL has not implemented a ban on gambling adverts promised by the mayor, Sadiq Khan , allowing the industry to step up its marketing activity in the meantime. Records obtained by the Guardian under the Freedom of Information Act show that TfL services displayed 39, crypto adverts from 13 firms in the six months between April and September The promotional drive eclipsed previous years, as advertisers tapped into the popularity of smartphone trading apps and increased awareness of digital currencies such as bitcoin and ether. Despite widespread working from home in , the volume of crypto ads increased, with companies including Luno Money and Coinfloor buying 1, ads between them.

The State of Crypto Regulation - June 2021

With an increasing number of investors in crypto markets, there has been a significant rise in crypto scams and thefts. The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different

YEARENDER The Year of the Doge? 2021, crypto's wildest year yet

The buzz around cryptocurrencies is not going to fade away anytime soon. So if you are considering investing in cryptocurrencies soon, keep an eye on these cryptocurrencies that are expected to perform well in June In recent times, DeFi tokens are getting all the attention, thanks to their utility factor, and as the prices are recovering from the crash, this is a good time to explore the crypto world. To invest in cryptocurrencies, you need to find a reliable source to buy these digital assets. They can either be cryptocurrency exchanges or PayPal. Next, you will need a crypto wallet to store the blockchain link.

Bitcoin's rocky reign and the rise of memecoins: Why 2021 was crypto's wildest year yet

Although Bitcoin is the number one cryptocurrency, there are currently over 10,plus cryptocurrencies in use. Several digital currencies have outperformed returns on Bitcoin. This article will cover cryptocurrency predictions for and analyse current market sentiments, investor participation, and other key factors driving the cryptocurrency market. Gemini, a cryptocurrency exchange, has unveiled a cryptocurrency rewards credit card in collaboration with Mastercard and WebBank. The Gemini Credit Card will be available in the Summer of

Bitcoin in 2021: How the Cryptocurrency Fell From All-Time High to About 50 Percent in a Month

As we near the end of , here we list all the important events that made Bitcoin the most popular asset globally. In addition, the company also noted in a filing with the US Securities and Exchange Commission SEC that going ahead, it plans to start accepting the digital currency as a payment option for its products. Musk claims to be a posterchild of low-carbon technology.

The 2021 Outlook for Bitcoin Prices, Adoption and Risks

RELATED VIDEO: 5 BIGGEST CLUES FOR A LONG OR SHORT CRYPTO WINTER! (BEST STRATEGIES NOW)

UK-based cryptocurrency venture Save Planet Earth has convinced investors it can make them rich and fix the climate, but its tree-planting vision is a long way from reality. Why would anyone pay such a huge premium? To find answers, Climate Home News dived into a community of cryptocurrency investors, connecting on messaging apps Telegram and Discord. The aim?

What Caused The Bullish Crypto Market Of 2020-21?

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used. Make the most of Lead your own way in business and beyond with our unrivalled journalism. Eva Szalay. Delivered every weekday. The problem with investing in bitcoin is that it instinctively feels too good to be true. Eye-popping returns are making it difficult for even hardened cryptocurrency sceptics not to consider putting money into bitcoin and many long-term doubters are crumbling. Jamie Dimon, chief of US banking giant JPMorgan, is just one prominent crypto bear who turned bullish in recent years.

While Bitcoin will sooner or later come out of the current price correction phase, the majority in a survey of 42 crypto experts globally recently said hyperbitcoinisation — the moment when Bitcoin overtakes global finance — will happen by The survey, which also included heads of Indian crypto exchanges ZebPay and Unocoin — Avinash Shekhar and Sathvik Vishwanath respectively, was published this month by the UK-based personal finance platform Finder. The study noted that 29 per cent said hyberbitcoinisation will happen as soon as while an additional 20 per cent believed it to happen by