Wednesday, 31 May 2023

Crypto News

AltSignals gathers popularity as Texas recognizes crypto

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The idea of crypto becoming mainstream has been a hotly contested topic. There have been proponents and naysayers in equal measure. To proponents, however, their wish doesn’t seem more likely than when leading US states like Texas recognize the asset class. It means more room for new crypto projects. An example is AltSignals, which, within a few weeks in presale, has been attractive to users thanks to its innovative AI-based trading platform.

Texas state adds crypto to its Bill of Rights

Legislators in the US state of Texas have voted to amend its Bill of Rights to add digital assets. 139 lawmakers voted in favour of the move, against two, in what would see the state include cryptocurrencies in the state law. Individuals can own, use, and store digital assets in the proposed law.

The proposed legislation is significant as crypto remains an unrecognised asset class under federal law. Leading federal regulators, including the Securities and Exchange Commission, have attempted to reign on the sector with punitive measures. If passed into law, the Texas bill will prohibit the government from hindering ownership or holding of any form of digital asset, allowing it to become mainstream.

Essentially, regulatory uncertainty has been of great concern to crypto innovators. As more jurisdictions like Texas clear the hurdle, crypto will have more room for growth. That will allow new projects like AltSignals to enjoy wider backing. 

Why has AltSignals been a success so far?

AltSignals is a UK trading signal service that was started in 2017. Although it began as a free signal service, strong demand for its trusted services saw it expand quickly, attracting novice and new traders alike. 

So far, AltSignals has generated over 3,780 signals, generating massive returns to its trading community of over 50,000 on Telegram. The company uses algorithm-based indicators to generate quality signals in digital assets, forex, stocks, and CFDs. One of its popular instruments is Binance Futures, which has consistently generated returns for investors with over 80% accuracy. 

ActualizeAI, the new AI-trading platform by AltSignals

AltSignals is moving a step higher in its signal…

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