The currency and trade wars will continue while central banks grapple with the consequences of their money printing.

While the MSM has been focused upon the woes of global stock markets other big news about crypto has been ignored.
On Tuesday the Senate began its hearings into cryptocurrencies.

The chairman of the SEC and CFTC came out with a cautious endorsement of crypto It is a key factor in the about turn in the fortunes of crypto markets which all back to green today.

Virginia Senator Mark Warner gave testimony to the Senate hearing. It is quite clear that he sees the enormous transformative potential of crypto and blockchain:

''I think we may be on top of something that’s transformational, and I don’t think you can separate the underlying, distributed-ledger blockchain from some of these crypto assets,” Warner argued. “If we had the same rate of increase the next two years that we’ve had the last couple [of] years, we’re talking now a couple hundred billion, we’d be at north of 20 trillion dollars caught up in this area by 2020.”