Bitcoin has been on a downward streak for the last week, downwardly around 15 percent over the terminal seven days. That's bad just it could be worse. You might have put your money in stocks. Some people, though, remain optimistic. RT'south Max Keiser predicts that the coronavirus volition button Bitcoin up to $100,000, and JPMorgan'south CEO Jamie Dimon volition exist begging the Fed for money to purchase coins. Dimon might want to diversify though.

Brian Armstrong, CEO of Coinbase, has suggested that it might not be BTC that pushes the number of cryptousers from fifty million to 5 billion. He didn't say which money would practise the job merely it's likely to exist one that uses decentralized finance protocols, or DeFi. Bitcoin withal isn't one of them. And in the meantime, the Bitcoin clock keeps ticking. Less than two months to get now before the next halving.

YouTube is however banning videos about cryptocurrencies, and as always, it's never clear which videos they want to remove and which they're willing to keep. US congressman Paul Gosar (R-AZ) is trying to bring some clarity but but to the regulation of cryptocurrencies. His new bill, the "Crypto-Currency Act of 2022" tries to categorize unlike kinds of crypto assets and assign them to appropriate regulators.

Government has also been busy in South Korea. The land's National Assembly has legalized cryptocurrency trading and property. It'due south non all practiced news though. Cryptocurrency exchanges volition need to comply with reporting requirements, including real name verifications. That could be difficult for some minor exchanges.

Prc's central government is also showing more interest in blockchain technology. It'south giving $4.7 1000000 to the People's Bank of China to research and develop its blockchain merchandise finance platform. But while Korea and China are looking forward, France is looking at its feet. Information technology'south become clear that French banking group BNP Paribas is stopping customers sending funds to Coinbase. Information technology'due south "an illegal operation," they say.

Mining is now an expensive functioning, with Bitcoin miners needing heaps of expensive equipment and cheap electricity to take a cut of the $xiv one thousand thousand worth of Bitcoin handed out in rewards every day. But it is worth remembering that BTC isn't the only coin with mining rewards, and mining certainly isn't the merely way to generate returns from cryptocurrencies. Asset rater Morningstar has only rated securities issued on a blockchain. The securities come from FAT Brands, the nutrient company best known for Fat Burger, Buffalo'south, and Penderosa Steakhouse. The security was structured in a way that included a number of Ethereum tokens to ease digital representation. Morningstar says the motility will better transparency. Alipay, too, is getting creative with its fintech. Information technology's adding calorie-free applications to its interface. There may be lessons in that location for exchanges.

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Joel Comm is an net pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast. That'southward a fancy way of proverb he writes words, says things and loves to play with cryptos.

The views, thoughts and opinions expressed here are the writer's alone and practise not necessarily reflect or represent the views and opinions of Cointelegraph.