Published
1 year ago on
November 04, 2022
U.S. and European regulators have publicly declared a desire to streamline the process by which banks and their customers can hold cryptocurrencies while yet retaining oversight of the volatile financial asset.
Positive news like these bode well for the future of the cryptocurrency market. Right now is a great moment to buy VeChain (VET), Bitcoin (BTC), and especially The Hideaways (HDWY) if you're an investor but still need to own these coins.
New Developments For VeChain (VET) Network
On October 25, the VeChain foundation announced their partnership with the Nitto ATP Finals.
Through this partnership, VeChain can increase its brand's visibility, network with influential individuals and international companies, and showcase how it uses cutting-edge technology to advance global sustainability initiatives. The two parties have agreed to launch a new initiative offering participants the possibility to earn unique rewards as the first joint effort.
Typically, networks with new developments tend to see a rise in their native tokens, which is what is happening to VET. During the last 24 hours, the value of VeChain (VET) has increased by 1.08%, to where it is now, at $0.023.
Bitcoin (BTC): The King Is Back?
The total market cap of all cryptocurrencies rose from $976 billion to $1 trillion on October 27. This was mostly due to gains in value for Bitcoin (BTC) and other major cryptocurrencies.
Bloomberg reports that the results of a new MLIV Pulse survey indicate that investors anticipate Bitcoin to maintain its trading range of $17,600 to $25,000 for the rest of the year.
They also think the recent SEC investigations into Celsius, Three Arrows Capital, and Yuga Labs—two of which have already declared bankruptcy—will be good for the cryptocurrency industry as a whole. The majority of respondents feel that more regulations would make the area safer and "better off" in some sense.
During the previous 24 hours, the Bitcoin price has increased by 2.11%, to a current value of $20,733.36.
The Hideaways (HDWY) Best Investment of 2022 And 2023
