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The European Union To Invest $177B In Blockchain and Notable Technologies

The European Union officials reveals plans to use direct funding for upcoming technologies and blockchain.

The European Union is considering to enter technological space with a planned $177 billion investment budget.

For instance, the investment will go into areas like blockchain, data infrastructure, 5G, and quantum computing, among others.

Notably, The $177 billion investment fund is around 20% of the 750 billion euros (ie. $887 billion) stimulus package. The European Union agreed to use it kickoff the economic recovery amid the ongoing COVID-19 pandemic.

Ursula von der Leyen, President of the European Commission notes the necessities for investing in digital technology for the whole region.

However, No Information shows the amount meant for each sector.

Additionally, The EU in April launched the International Association of Trusted Blockchain Applications. For instance, This unit will support and promote DLT adoption in the region.

As the Defi space grows, The EU and the United States may soon begin to partner in drafting standards for crypto and blockchain regulation.

Bitcoin Price Heads For Golden Cross

The Bitcoin Price Heads For Golden cross, seeing a 50-day moving average is almost passing its 200-day moving average to the upside.

Heads Up!, Bitcoin price heads for golden cross on the daily chart! A golden cross is when the 50-day moving average passes the 200-day moving average to the upside.

While, the technical indicator represents an asset’s momentum and recent price trends.

Related Posts – Paxful Integrates The Bitcoin lightning Network

However, it is particularly monitored and anticipated by traders and large capital allocators in global financial system.

Meanwhile, The anticipated Bitcoin Heading for Golden cross is encouraging more adoption for bitcoin and also the momentum-driven traders believes its another bitcoin run-up.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.