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Will Polymath (POLY) Make a Comeback Soon? - Global Coin Report
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Will Polymath (POLY) Make a Comeback Soon?

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Polymath
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Monday was a tough day for all crypto enthusiasts and cryptocurrency investors. While bitcoin stayed below $6800, altcoins suffered greatly and therefore the entire cryptocurrency market took a nosedive which remained for the entire day. People are linking the market slump to the recent hack of a small cryptocurrency exchange ‘Coinrail’. But experts believe that the reason was far greater than that. Because of Bitcoin’s price fluctuations, crypto enthusiasts are in the search of better prospects and blockchain projects that are worth investing. Such a project is Polymath which is currently working on security tokens to solve the tug-of-war between regulations and cryptos and hence lower the chances of bloody Mondays happening.

Introduction to Polymath Network

Polymath Network and its idea of creating a security token platform where an individual can hold its token sale for investors are far too unique. The company behind Polymath network is Saint George Barbados-based Software Company which was founded back in 2017. Polymath is the only crypto project which is aiming to create a link between securities and blockchain so as to keep the investments of a crypto trader safe and promote crypto trading by enhancing its security and lowering the risks.

Anybody who has heard of crypto must know that it is yet to be regulated and unless that happens, the whole idea of crypto trading is very risky. Which is why Polymath lets an issuer using Polymath’s platform to create security tokens which are completely regulatory compliance. Their goal is rare and has too many loopholes but there’s no denying the fact that it’s the need of the hour.

Partnership with Open Finance Network

The dire situation of financial markets has caused many fintech companies to consider and even collaborate with blockchain projects. The best part of such projects is the fact that their decentralized and do not rely on third parties. But past some weeks people have come across the news of successful hacking attempt far too many times. It makes a person look for more secure options within the crypto world for trading, storing cryptocurrencies.

Open Finance Network has claimed to be one such platform that brings interoperability to the trading and clearing process with the help of ledger tech. they’ve recently announced a partnership with Polymath Network so that the security tokens of Polymath platform can be listed on OFN.

Polymath Partners with Pegasus Fintech to Launch Real Fan Token & Block Development Token

Pegasus fintech Inc. is a well-known blockchain and token accelerator which backs up new and worthy solutions in the field of technology, financial services, blockchain. Last week Polymath network announced that Pegasus fintech is advising two new projects to launch their security tokens on Polymath network security token platform.

Real Fan Token:

An e-commerce company named Fanblocks.com has come up with the idea to broaden their horizons by launching Real Fan Token as a security offering with the help of Polymath platform. The holders of real fan tokens will receive offers to acquire exclusive deals on fan and much more.

Block Development Token

Block Development Capital Inc. is a mortgage origination corporation which is based in greater Toronto area. The team behind block development has successfully created an asset-backed security token that would generate maturity bonuses while providing recovery features to all the participants of the token.

Current Market Position

Dipping since yesterday, the Polymath network markets finally seem to be moving towards recovery. According to the data on CoinMarketCap Polymath is ranked as 88th biggest cryptocurrency in the entire market with a total market capitalization of $137.6 million approximately. At the time of writing, the individual price of Polymath has gone up to $0.5 with a 3.74% rise. Around $2.7 million worth $POLY has exchanged hands within the past 24 hours.

Final thoughts

Recently, Polymath releases the newest version of Polymath core which would help token issuers to keep up regulatory help if they need it. Fortunately, Polymath network is close to creating a security token platform that allows anyone to tokenize an asset. Everything looks promising about Polymath network, but it’ll take quite some time before Polymath can catch up with the top-10 cryptocurrencies. Investors are waiting for an exemplary security token project to be released soon on Polymath network and reach new heights. Until then Polymath platform will remain focused on regulatory framework and compliance.

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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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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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