George Town, Cayman Islands, 10 December 2018 (GLOBE NEWSWIRE) –
Looking Into the Future: three main trends for 2019
The 2018 was a bumpy journey to the cryptic industry. The year started at a high point – over $ 10K, it went through a stagnation period around the $ 6K mark, and towards the end of the year it crashed to almost $ 3K. The total market capitalization has decreased by 2/3, and many are rather pessimistic about the future of the sector. The International Blockchain Research Center (IBRC) experts at ICOBox do not share this notion, however. Based on their analysis of potential market development scenarios, they have elaborated these forecasts of the 3 main trends for 2019.
Trend 1 aims to eliminate the current blockchain deficiencies. Poor scalability, low transaction speed, lack of popular trust, large number of failed ICOs, frauds, colossal volatility of the main cryptocurrencies: it is unlikely that all these problems will be immediately resolved in 2019. But they must certainly be addressed, and the time to start it's time to work on it. It is essential to demonstrate that problems are recognized, recognized and resolved. The market craves peace. While calm waters can lead to lower profits, most prefer this scenario to wild fluctuations and rallies. The refinement of blockchain technology and the guarantee of market stability are two keys to establishing an upward trend in the sector and demonstrating its growing maturity and readiness for long-term investments.
Trend 2 it is mass tokenization of various goods, which will become a basis for the creation of a new cryptocurrency investment and exchange industry and will bring both new investors and owners of various assets onto the market. Investors fully realize the benefits of traditional investments: real estate, consumer goods, art, etc. They bring stable profits. But entering these markets requires a lot of money and the sale of major real estate or an art work can take years. And here is where the sensationalization of these resources begins to make sense. It will allow token holders to exchange their holdings in the same way as securities are traded, that is, making money immediately rather than waiting for their asset to be physically sold. We expect that 2019 will see an intense competition between the encryption projects for investors and shareholders, and practically everything will be subject to tokenization. This has the potential to bring large amounts of finance into the cryptographic sphere.
Trend 3 it is the mass adoption of blockchain technology. The more people discover it, the more it will be implemented in their daily lives. Take for example the protection of personal data. At a time when big companies are trying to get as much information as possible about their potential customers, more and more people are worried about their privacy and data protection. This problem is equally relevant for users all over the world. Blockchain as an immutable ledger is perfectly suited to ensure the preservation of people's documents, and we see that technology is being actively introduced in several countries and municipalities.
"Innovations at the forefront are becoming ever more profound in our daily lives – what was unimaginable several years ago, today is a matter of comfortable habit," says Daria Generalova, Managing Partner of ICOBox. "And we expect the blockchain to become a household name next year when people learn the technology and the many unparalleled advantages it offers Yes, we're optimistic The king is all but dead!"
Nasdaq confirms the 2019 launch of Bitcoin Futures
It seems that the Nasdaq, the second largest stock exchange in the world, is confirming its intention to launch bitcoin futures in the first half of 2019, as was recently reported by various media.
The news was originally transmitted to Bloomberg from internal sources at the end of November. The plan was confirmed yesterday by Joseph Christinat, vice president of the Nasdaq media team, although he noted that the proposal must first be approved by the US Commodity Futures Trading Commission (CFTC). He seemed reasonably confident that the approval would be imminent and that the plans would materialize.
Christinat also claimed that the stock market whale was interested in the cryptographic space for quite some time and worked on his project on the "most" 2018 BTC futures. Nasdaq is well aware of the fact that, despite the recent market crash, this is a highly desirable product, and they firmly intend to provide this capability "regardless of what".
The final details have not yet been disclosed, but the market eagerly awaits the imminent launch, originally scheduled for mid-2018, but has been delayed in order to develop a "fairly unique" offering.
"Finally, we have something very concrete, and this is extremely encouraging! The definitive confirmation of the Nasdaq is a sign of the interest and confidence of global investors in the long-term health of the cryptocurrency market, and also confirms what we have always said – 2019 will see the mass entry of traditional investors into cryptographic space – and this marks great promise to many hungry but brilliant startups, "said Dima Zaitsev, ICOBox International PR Manager.
Switzerland seeks to apply the current laws to the Blockchain
Ueli Maurer, Swiss finance minister, rejected the idea of Switzerland adopting specific blockchain laws, speaking to Infrachain on 4 December. Maurer indicated that instead of drafting new legislation, the Swiss government plans to refine existing laws to establish blockchain in the financial and technological sectors.
The lack of legal clarity on the blockchain has caused a wave of uncertainty in the last year and 2019 seems to be the year when governments and regulators will probably set clear standards for the blockchain. Both blockchain startups and users will benefit from concrete rules on privacy, finance, civil code and safety classification.
So far, countries' positions in relation to technology have been far-reaching. Nations like China have been extremely hostile towards many cryptocurrencies, while the US government has approached technology with caution. Countries such as Switzerland and Liechtenstein have acted more friendly towards the blockchain, seeking to establish themselves as leaders in the sector.
Bills related to the Blockchain are currently being proposed in several legislatures, including the US House of Representatives.
The managing partner of ICOBox, Daria Generalova, is a supporter of the Swiss approach to Blockchain regulation. "Integrating the blockchain with current legislation means that we will be able to work confidently with established legal precedents, giving the community better ideas on how the legal environment will be."
Even the new, more carefully enforced legislation can stimulate years of challenge and legal interpretation before general standards are accepted. Adapting current laws will have to address some of the same obstacles, but it should foster a smoother transition with increasingly popular blockchain technology.
Member of the United States Congress from Ohio: Federal Cryptocurrency and ICO Regulations are in progress
United States Representative Warren Davidson (R) has forwarded his intention to introduce a clear legislative framework to regulate Initial Coin Offerings (ICO) and cryptocurrencies, as recently reported by the Ohio Cleveland.com news portal.
According to Cleveland.com, the bill would create a "class of assets" for cryptocurrencies and digital resources, which "would prevent them from being classified as securities, but would also allow the federal government to regulate initial coin bids more effectively. effective".
The plan, if it ever comes to fruition, will bring very important and positive changes to the US cryptocurrency market. From the beginning, the industry operated in unexplored waters, with several countries and agencies processing tokens differently, creating confusion that eventually stopped the ICO market. The introduction of a reasonable and coherent legal framework will be instrumental in the continuous development of industry, and the market has been looking forward to only such a move for a while.
Both politicians and cryptic and financial market leaders have urged the US Securities and Exchange Commission to develop comprehensive regulations that explain the rules of the game and help stabilize the volatile and shady market. Almost 50 representatives of the major cryptographic companies and companies of Wall Street participated in a round table discussion on ICO regulation and cryptocurrency. Davidson hosted the meeting, during which his guests expressed serious concerns about the lack of legal clarity in the market and discussed the "taxonomy of tokens".
Davidson has been known as a supporter of the cryptic sector and ICO, which, he said, requires a "light touch". His spokesman recently said that Davidson is drafting a bill that, once it becomes law, will classify ICOs as products rather than titles at the federal and state levels, essentially "bypassing" security laws.
"I am cautiously optimistic," says Dima Zaitsev, head of the ICOBox international PR. "We were waiting for someone to take things in their hands, to defend the market, and it seems that the Ohio congressman is the right guy for the job, which is exactly the kind of approach the market wants, and This law has long been sure to reverberate all over the world, of course, much depends on if and when it passes, "added Zaitsev.
Dima Zaitsev ICOBox 415-481-8528 [email protected]
