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Top 3 Predictions for the Crypto Space to Keep an Eye on - Global Coin Report
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Top 3 Predictions for the Crypto Space to Keep an Eye on

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The financial industry is currently experiencing a massive shift, maybe one of the biggest in history. The shift started a long time ago, but as years went by, it started getting more and more heated, instead of being just a passing trend, as many had expected. On the one hand, there are debates of universal basic income, and a transition to the new form of money, known as the digital currency. This even led to talks about a cashless society, and what consequences such a move might have.

Of course, these changes did not come by themselves — they were sparked by massive advances in modern technology, particularly when it comes to blockchain tech. Not only is the blockchain a technology on which cryptocurrencies can operate, but it also goes beyond that, promising to disrupt nearly every industry out there, in one way or another.

After resisting for over a decade, banks, financial institutions, and even corporations are starting to accept the shift as something that is here to stay. We have seen proof of this in JP Morgan’s case, where the bank announced its new stablecoin, JPM Coin. Meanwhile, the social media giant, Facebook, also quietly researches crypto and the blockchain, with whispers of the company creating its own cryptocurrency already flooding the web. Meanwhile, another tech giant, IBM, openly supports blockchain technology and cooperates with a number of crypto and blockchain firms.

In the middle of this extremely active industry, there is also a matter of token exchanges, which has started seeing some prominent players. Even the exchanges are changing and evolving, with constant talks about the issue and which way they might go in 2019.

With all of this going on, the digital currency industry remains quite turbulent, as stated recently by the partner and Chair Fintech & Blockchain Practice at Sullivan & Worchester, Joel Telpner. Telpner spoke at a panel discussion the law firm held recently, stating that the current turbulent status may not be a bad thing, as most of the new technologies experienced similar issues in their early days. After this initial period, they all managed to stabilize, which is likely a future for crypto and blockchain as well.

He also pointed out that challenging times tend to create more appropriate and capable players, and that the crypto space is at the end of its initial, chaotic period. The crypto space will move to a more mature level, according to Telpner’s predictions, and those who remain are going to have to work hard, but their efforts will eventually pay off.

While he believes that the crypto industry is on course, it is hard to say where that might lead. This leaves the future of tokens unknown and uncertain, but it is likely that the government policies will have a large role in shaping the crypto space. Because of this, Telpner gave three predictions regarding space, all three connected to the regulatory standpoint.

The three crypto predictions

– Telpner’s first prediction touches upon the currently popular idea that the US regulators are far behind in bringing crypto regulations. However, according to him, this might not actually be true. He pointed out the SEC Commissioner’s focus on bringing clarity and guidance in the crypto space, and he expects that these efforts will continue.

Because of this, Telpner expects that the SEC will soon start posting announcements regarding the categorization of tokens. The regulator is infamous for claiming that most cryptocurrencies are securities, apart from Bitcoin and Ethereum, but it will be useful for everyone in the crypto industry to know which coins do the SEC plan to give green light to.

– As for Telpner’s second prediction, it concerns the Commodity Future Trading Commission (CFTC). He believes that the CFTC would become more involved in the crypto space, provided that these commodities receive proper regulations. Telpner himself believes that most of the coins are likely commodities.

As new proof that this is true starts emerging, the CFTC will likely become more active in the crypto space, which is something that Telpner believes should be expected.

– Finally, his third prediction concerns stablecoins. As they can clearly not be classified as securities nor commodities, Telpner warns that their future remains questionable. With that in mind, those involved should remain cautious until it becomes clear what the regulators might do regarding this form of digital currencies.

Additional changes in the near future

After giving these three predictions, the discussion went on to other related topics, particularly when it comes to custody, with belief that there will be a particular focus on this aspect of the industry in 2019. The discussion also concerned what might be necessary for reaching the next step, from both, technological and regulatory standpoints alike.

Another rather heated debate in the industry concerns the global nature, as pioneers in the industry seek the most favorable jurisdiction for crypto space. Telpner believes that this approach is wrong. Such a way of thinking is not new, and it was pointed out in 2017, as well as 2018. It was wrong then, and it is still wrong in 2019. According to him, all countries are working on bringing proper regulations, and chasing a specific jurisdiction is not helpful to anyone.

He also believes that all countries will be seeking a way to ensure the best level of long-term adoption. However, to reach a goal of this magnitude, they will likely have to achieve a uniform policy.

Finally, in regards to the rest of 2019, and even 2020, Telpner claims that there will be a considerable infrastructure growth in the crypto industry. This will also lead to the evolution of stablecoins. However, his biggest and most interesting prediction was left for the end. He stated that more real insight and business plans are about to come, as well as many more startups with proper, old-fashioned management teams and a true structure. They will bring a major, positive change, which is something to look forward to.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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