There were big waves in the cryptocurrency market this week as key world figures further embrace crypto-economics and cryptocurrencies thereto. Russia released a statement saying they are beginning to build their first wallet and Ukraine is creating regulations for cryptocurrencies. Nvidia reported strong earnings thanks to their increase in GPU sales as miner demand grows for various Nvidia chipset powered hashing algorithms.
This is good news for the investor community as Bitcoin is up 8% and the new Bitcoin Cash is up 18.5%. As more countries begin to recognize cryptocurrency as a valid asset class and a meaningful transfer of value, more users will put more trust into various cryptocurrencies with greater market capitalization following suit.
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