The Bitcoin cryptocurrency crossed the $10,000 barrier, its highest rate since last October. News sources reported that Bitcoin recorded a rise of 2.6 percent yesterday to reach $10,000, achieving an increase of about 40 percent so far this year. Bitcoin has recorded a rise of 1.2% since 5:00 PM on Friday (EST), to reach $9,863 at 12:00 in New York, according to the cryptocurrency trading platform (Bitstamp), based in Luxembourg.
As the cryptocurrency space continues to expand, regulators are also expanding their powers and beginning to crack down. Many regulators are starting to understand the widespread adoption that’s occurring in cryptocurrency and Blockchain. Along with companies such as Samsung expanding into the crypto space, we are also aware of Facebook’s plan to introduce cryptocurrency to 1+ billion users globally. When any sort of technology evolves to the masses, the regulatory industry will surely be involved.
Börse Stuttgart, Germany’s second biggest stock exchange and the 9th largest in Europe, has sanctioned two new ETNs (Exchange-traded Notes)- Litecoin (LTC) and XRP. According to a company press release, this is the first kind of announcement in Germany.
Börse Stuttgart has declared that like ETFs, ETNs are also strictly regulated, a transparent and protected instrument that can be used by an investor to invest in different assets or they can buy or sell ETNs based on the cryptocurrencies Litecoin and Ripple.