There is so much buzz about cryptocurrency now it is crazy. Seeing the huge spikes and drops has always created conversations in the marketplace. It is speculative and volatile, much like the stock market!

But the major difference is that the stock market has been present for a long time, even many financial concepts are based on it. For example, the Capital Asset Pricing Model (CAPM) is based on the foundation of the presence of market risk, which is also the possibility of an investor experiencing losses due to factors affecting the overall performance of the financial markets. There is sufficient regulations to monitor these markets, but this whole crypto thing is brand new, thus it may lack regulations.

Locally, Singapore has chosen to adopt a more “hands-off” approach with many areas lying in the grey area, but has issued a warning on the danger of investing in cryptocurrency. With so much volatility, it seems like we as enthusiasts do not have enough information or analysis to make accurate judgements.

Consequently, it is important to keep in line with regulations that are in place, of which includes to comply with Know Your Customers (KYC) regulation. This is a verification of users’ identity in order protect these clients from theft, fraud, corruption, amongst many others vices in line with the government’s agenda.

Introducing Spiking — Spiking’s integrated artificial intelligence eases the process of investing by the concept of following the trading patterns of bigger and well versed investors — whales! With Robobull, there is recommendation of which whales to follow according to the risk preferences one has indicated. The SPIKE Protocol also automatically mirrors the whale’s transactions thus making trading really easy. All there is to do is to pick the whale to follow. Spiking is striving to achieve regulatory compliance, where the commitment is evident in one of the partnerships with traceto.io. Where complemented with the use of smart contracts, constantly evolving KYC compliance regulations are included in the network.

There is clearly a rising need for regulation as regulatory bodies are increasingly aware of the volume and potential of this trade market. In the meanwhile, cryptocurrency too has provided us with new mechanisms just like how Spiking does, automating trading and effectively manages your portfolio for you in that sense. Check them out more at Spiking.io, and whale on!