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Crypto Investors should Keep an Eye on Lisk (LSK)

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The crypto market of 2018 has scarred many great projects, which can be found all across the crypto space. This does not only include the usual top 10 largest coins by market cap, but also cryptos that were rising in ranks, on their way to maybe even infiltrate the top 10 list.

However, while the bear market has definitely made things increasingly more difficult, these tend to be great quality projects that can, and likely will, persist. One such coin is Lisk (LSK), which currently sits at the 37th spot on the list of largest cryptos by market cap. However, there are many who believe that this coin is worth looking into and that investors should keep a close eye on it in 2019.

About Lisk

Lisk is one of the projects that do not aim to make their coin the most popular cryptocurrency in terms of making payments. Instead, the project was imagined to be a platform that will allow and inspire further creation, similarly to Ethereum, Cardano, and other more popular platform coins. As such, Lisk holds nearly unlimited potential, and the only thing that its future depends on is whether it can provide a healthy ecosystem in which new creations can grow.

The coin has had a long history, and it was originally launched in 2014. Back then, it also had a different name — Crypti. Its creators wanted more blockchain developers to join the project and participate, which is why they started an open-source platform that allowed dApp creation.

In 2016, LSK held an ICO which was quite successful, and 100 million of the project’s coins were sold. This is around 78% of the coin’s current total supply, which indicates that there was a large interest in the coin even then. The amount raised during the ICO was at around $5.8 million.

What makes Lisk stand out

Lisk quickly grew popular with developers and investors for several reasons, such as its use of JavaScript, which has been one of the most popular programming languages in recent years. Furthermore, thanks to a professional and very useful software development kit, dApp creation was easy and effective, with developers enjoying their work instead of struggling with new programming languages and having to do all the work from scratch.

Furthermore, Lisk found a way to deal with scalability problems by introducing sidechains to its main blockchain. This allows it to deal with large amounts of transactions without experiencing problems like those that are troubling Ethereum and other similar projects. By introducing sidechains, Lisk should, in theory at least, have infinite scalability, as well as better security, as any dApp that starts experiencing issues can be isolated without affecting the rest of the blockchain.

Another thing worth mentioning is Lisk’s team, which is well organized and categorized into 4 departments, each working on a different aspect of the project. The departments are called Operations, Marketing, Development, and Creative, each contributing to the project in their own way.

Finally, Lisk has entered some very big and important partnerships over the last several years. Partnerships are crucial for cryptocurrencies’ survival, as they show potential developers, investors, and other partners that the project is real and capable of growth and development. Some of the most important partners that Lisk has entered include Microsoft Azure, lightcurve, and ShapeShift.

In the end, Lisk is a great project with a lot of potential for the future. While its coin doesn’t have a lot of value to it at this point — its current price is $1.24 — this can always change with a proper bull run. Lisk’s all-time high was over $38, and if analysts are correct, it is possible that 2019 will be the year when a new rally will arrive, potentially bringing coins back to their glory days, or even launch them to new heights entirely.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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