It’s been another fine week in the crypto world. Bitcoin just hit a fresh all-time high of $4,700. Altcoins are soaring as well, and the total market capitalization of all cryptocurrencies hit $170 billion.
There’s a ton of noteworthy news this week. Here’s what I’m reading.
The founder of popular messaging app Telegram is a big fan of bitcoin and thinks it could disrupt the entire global financial hierarchy.
A number of issuers have filed with the SEC to list bitcoin ETFs on public exchanges, and they appear to be making progress. This would likely drive significant demand.
Currency crisis is the real “killer app” for bitcoin. With inflation running at an estimated 1,600% annually, savvy Venezuelans are taking advantage of subsidized electricity to mine bitcoin.
If you’re curious about Bcash, the new coin that recently split from bitcoin, read this article. It explains the politics of mining these competing currencies.
Credit card giant Visa continues to explore blockchain-based finance technology.
SegWit activates after years of preparation, leading to the possibility of lower transaction fees and better security.
Major crypto exchange Bitfinex has closed its doors to U.S. investors, bowing to regulatory pressure. If the U.S. doesn’t loosen up on regulations soon, we risk missing out on the global crypto boom.
Founder, Early Investing
P.S. We’re still in the early days of cryptocurrency. So if you haven’t invested yet, don’t worry. Time is on your side.
To get started, check out my top four cryptocurrency picks and a complete guide to investing in this space through our research service First Stage Investor. See our new video about the service here.