Daryn Parker, the vice president of CamSoda, believes that it is a way to develop further the intense scrutiny that people have
placed on their cryptocurrency investments, «What has so many people captivated, aside from the fact that virtual currencies are largely unregulated and fraught with risk, is the daily volatility; the stratospheric price rises followed by meteoric price drops.»
Not exact matches
During the last couple of days, two massive
investments took
place on the bitcoin market, thus once again proving the fact that the
cryptocurrency has the potential of facilitating huge fintech projects.
On the latest episode of Recode Decode, hosted by Recode's Kara Swisher and The Verge's Casey Newton, Quinn explained her
investment in Coinbase, a company that is trying to position itself as the safe
place to trade
cryptocurrencies.
The portal is attractive to venture capitalists, they say, because it allows them to
place a bet
on the broader
cryptocurrency market as opposed to an
investment in a specific blockchain - enabled technology or a specific currency.
Even the United States doesn't have proper regulations in
place for the
cryptocurrency industry — many financial analysts and blockchain experts believe regulation to be the single - biggest threat to the value of
cryptocurrencies — but the IRS requires individuals to disclose
cryptocurrency investments on their tax forms.
Besides, while the
cryptocurrency market certainly has its issues, there are very few
places that an investor can find such potentially high returns
on investment that we've witnessed in
cryptocurrency.
At the preliminary ICO that took
place on July 3d, Ahoolee received
investments in
cryptocurrency that amounted to 200,000 USD during just 30 minutes.
During the last part of the last year,
investments were
placed on settled
cryptocurrencies.