Selected Crypto Articles of the Day

Hello Steemians, the best articles i have read today

Every day, i read 12 to 15 articles; i choose the most interesting and summarize them in points for you.
Interesting articles, hope you enjoy them

Article no 1:

Top 10 Trends for Blockchain Technology in 2018 and Beyond

Summary:

• Like the dot-com bust of the early 2000’s, real companies will emerge through a crowded field of tulips. The recent correction is arguably very good news for the space in need of consolidation, these types of corrections are beneficial longer-term because they clear out speculators. During these episodes, companies without product-market fit will accelerate their burn rate and fail faster.

• Possible outcomes for 2018 and beyond;
• Higher Prices for Bitcoin and Other Top Alts: Near the end of 2018 the entire cryptocurrency space may very well pass $1 Trillion dollars in total market capitalization.
• Delisting of Many “Useless” Tokens on Exchanges: Exchanges have three likely options: A) delist “useless” non-utility tokens that do not carry out the function they claim, B) register with the SEC, or C) close their doors.
• Higher Quality Entrepreneurs and Developers Go To Blockchain: Many are simply not convinced that blockchain technology has real uses but the tide is turning.
• The Shift Away from Ethereum to Other Platforms: More companies will realize the impractically expensive fees of Ethereum based protocols and consider alternatives.
• Central Banks Embrace Blockchain Technology: More government experimentation with blockchain will continue even in the presence of regulatory scrutiny.
• China’s Crypto-Prohibition Intensifies: When enough of the population wants something, it’s going to get what it wants.
• The Rise of Decentralized Exchanges: Longer term, these efforts will also embolden the emergence of distributed technologies and decentralized exchanges.
• Declining ICO Success Rates: There will be many more ICOs that fail to hit hard caps or key product milestones. The few major ICOs that do occur will likely take the shape of long awaited reverse-ICOs (like Telegram, Overstock.com, Kodak, etc.)
• Taxes and Anti-Money Laundering Laws Will Be a Bigger Issue than Security Laws: The biggest elephant in the room is not the SEC; it’s the IRS and FinCEN.
• Intense Promoter Scrutiny: This is less a prediction and more of a call to action. There are emerging self-proclaimed “YouTube experts” in the crypto space evangelizing high expectations of ROI for projects that they have undisclosed special private deals.

Personal Opinion:

I recommend that you read the full article, I can’t agree more, I think this is exactly what will happen, this is a clear picture of the next years

---

Read Original Article:
source

---

Article no 2:

Blind Denial of Cryptocurrencies Leads Nowhere, Bank of Lithuania Says

Summary:

*Despite the risks, “the blind denial, the reluctance to understand and work with the cryptocurrency world, leads us nowhere,” a high-ranking official of the Bank of Lithuania said this week. The central bank of the tech-savvy nation has started a dialogue with representatives of the crypto sector and the country’s commercial banks to discuss possible regulations.

• The central bank, however, has not relinquished its ambition to turn Lithuania into a fintech center in Northern Europe. It plans to accomplish the goal through accelerating the issuance of inexpensive licenses for crypto businesses and accepting applications in foreign languages such as English.
• “Commercial banks don’t understand the nature of cryptocurrency. That’s why they think this is a risky business and demand additional guarantees.
• Cryptocurrency has seen a growing popularity in the small Baltic country. Lithuanian media have published over 1,400 crypto-related articles in the first three months of 2018, compared to just 22 publications in the same period of last year.
• Cryptos are also entering everyday life of Lithuanians as a means of payment. The local United Colors of Benetton franchisee has recently announced it is accepting cryptocurrency payments. The stores of the global fashion brand in Vilnius now take bitcoin, etherium, dash, NEM, and steem through a partnership with the payments provider Coppay.

Personal Opinion:

What is the sole purpose of banks shareholders? It is to generate profit, do you think it will take them too long to join the crypto business, no my friends, soon you will see that in a lot of banks there will be cryptocurrency investment departments, those departments will invest and give consultancy to clients, cryptos will not end the banking business, it will be another class of assets that will be added to their investment arms, now if you ask a lot of people about cryptocurrency, all they know that it is a form of asset backed by nothing, they do not understand the great potential behind it, but sooner or later, and one after the other, banks will join us.

---

Read Original Article:
source

---

The content is intended to offer general information only. It does not provide legal, investment, tax, etc advice.

image source