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More than half of companies announced their readiness to invest in cryptocurrencies

According to research by Nickel Digital Asset Management, more than 60% of institutions are ready to invest in digital currencies in the long term. 62% of those surveyed noted that they intend to invest for the first time in 2022. Potential capital growth is a key prerequisite for such investments. This was reported by 47% of survey participants. Nearly 45% of those surveyed reported an increasing focus on digital currencies among large companies. 41% of respondents were previously hindered by the ambiguity of the regulatory framework, but now the situation has improved. “There is no doubt that the cryptoassets market is becoming more mainstream in the institutional and wealth management sectors,” said Henry Howell, Head of Business Development at Nickel.

Opinion: BTC could rise in price 10 times

The rate of the first crypto-coin in the next 5 years may grow 10 times, but this is not a reason for buying it. This statement was made by the head of JPMorgan Jamie Dimon. The CEO of the investment bank believes that the authorities of different states will definitely establish supervision over bitcoin. And this to some extent will allow to limit it. “I don’t really care about Bitcoin. People spend too much time and energy on it. Whether regulation will wipe out the first cryptocurrency, I don't know. The authorities will set a framework anyway. This does not mean that bitcoin is not able to rise in value tenfold in the next five years. But if you invest borrowed money, then you are a complete fool. Speculation occurs in any market, even in communist countries. There is a lot of liquidity now, I will not be surprised at anything,” said Dimon.

Kraken will pay $1.2 million in fines

The US Commodity Futures Trading Commission issued a fine to the Kraken crypto exchange. The company will have to pay $1.2 million due to lack of registration and margin transactions with digital assets. The regulator claims that the platform provided access to margin trading, while the company did not go through the approval procedure for such actions. According to the commission, Kraken was in breach of registration requirements from the beginning of last summer to July this year. In this case, the violation has already been eliminated. “As the requirements become more urgent, the Commission needs to revise them to provide market participants with certainty and a common understanding of the rules,” said CFTC Commissioner Dawn Stump.