Considerable steps have been taken to create a mainstream infrastructure around digital resources and blockchain. The recent market crash has raised doubts about the sustainability of this sector. The sharp decline of mid-November and the downward trend of the whole of 2018 have led critics and detractors to argue that a permanent disappearance of cryptocurrencies will soon occur.
This volatility caused greater uncertainty in the market by removing the heat resulting in a significant revaluation of all asset class crypts.
Furthermore, this year, many companies and regulatory authorities working in cryptocurrency have seen a greater use of the digital currency class as a legal reserve of value in the future.
According to Block.one, Chairman Rob Jesudason, Gemini's staging of Gemini in Dollars represents a significant step forward towards legitimizing the storage of valuable assets. The new currency is overseen and regulated by the New York Department of Financial Services (NYDFS), dubbed "Crypto's strictest regulatory regime". It joins the stablecoin of Paxos, also regulated by the NYDFS.
According to a Financial Times headline on November 16, stablecoins are the next great investment opportunities in the cryptic world. The development will eventually attract more institutional investors in the market.
Trade is also gaining ground. Leading the group is Coinbase, which has shown excellent safety standards. The exchange company has accelerated the adoption of encrypted by the institutions through the acquisition of Keystone Capital.
They are also introducing professional-level trading tools for institutional investors. After its last financing in October, the company was valued at 8 billion dollars.
Positive indicators are evident in financial institutions. They are taking the crypto market seriously. Fidelity Investments has announced that it will launch Fidelity Digital Assets Services (FDAS) to address important customer requests to cryptographic resources.
Goldman Sachs is the first bank to create a transaction for the purchase and sale of digital assets. Others like Morgan Stanley and JP Morgan are planning to follow the example. In addition, a growing number of institutions are plunged while structural barriers to adoption crumble.
The regulation is gradually bringing transparency and clarity to the encrypted market.
Custody and liquidity issues are also addressed. FDAS will offer "asset custody" services for the institutions, while The Intercontinental Exchange and Goldman Sachs have also proposed solutions.
Critics tend to forget that the corrections follow all the boom in financial market prices and the cryptography market is no exception.
Furthermore, the latest declines in cryptocurrency markets are reflected in many other asset markets. The fact remains that the price volatility of 2018 has had a considerable impact on the geopolitical and macroeconomic composition of the specific concerns of the assets.
The US-China trade war and the looming US Federal Reserve interest increases are causing more uncertainty and causing volatility. The previous market corrections took several years. For example, current technology giants such as Facebook, Microsoft, Amazon and Alphabet took years to establish themselves after the dot-com crash.
The stock market gained a steady run after years of financial crisis in 2008. The biotech and internet companies are emerging as the best companies since 2008.
Key industries and industries always resist macroeconomic volatility. At the point of a market crash, big companies emerge. Investors focus on these enduring industries that drive them to become global leaders.
Currently, blockchain technology and cryptocurrency markets are among the emerging global lucrative industries.
The potential of the new technology to dramatically revolutionize digital commerce, protect identity and improve security has attracted many investors. But, uncertainty still remains about how technology will be incorporated into everyday life and will be adjusted perfectly to allow it to grow.
Any company that will offer viable solutions to adoption questions and coexists with regulators is bound to succeed. Several companies have developed an infrastructure designed to put blockchain technology in an upward trajectory.
These are some of the noteworthy developments that have been overshadowed by the main focus on cryptographic values.
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