Current State Of the Cryptocurrency Sphere, Where is it Heading to ?

2018-10-11 00:50

According to Roger Huang of Forbes, cryptocurrencies are not unregulated, they are unlegislated which could be much worse.  

Many people, including financial experts contend that the cryptocurrency sector is in a lawless Wild West stage and the lawless movement could trigger a crippling financial crisis. 

Huang acknowledges countries such as China that have clamped down on the crypto world, not allowing exchanges to operate in the country and the noted ICO clamp down that has taken affect in several places around the world.

In the United States, lawmakers have let the regulatory bodies deal with the new technology.  Huang defines the US approach as a “copy and pasted” mixture of regulations that doesn’t quite fit and masses of people are left unsure of the state of the rules and standards.

Back in 2016 Representatives Jared Polis, a Colorado Democrat, and Mick Mulvaney, a republican from South Carolina, announced the formation of a new bipartisan Blockchain Caucus.  The bipartisan effort would be dedicated to the analysis cryptocurrency, how it will affect the country and what legislative steps should be taken regarding digital assets.

Mulvaney has since been appointed by President Donald Trump as the director of the Office of Management and Budget and can now support the technology from a higher perch. “Blockchain technology has the potential to revolutionize the financial services industry, the U.S. economy, and the delivery of government services.”

The Blockchain Caucus has not made much headway in terms of mass adoption, and the movement has faced resistance from other members of Congress such as the Californian Representative Brad Sherman who argues that buying cryptocurrency should be banned for Americans altogether.

As congress sits on decisions regarding blockchain and cryptocurrency and regulatory agencies apply old rules that are not tailored made for cryptocurrency it will harm the overall growth and maturation of not only the markets but the technology itself.  

The US Federal Reserve and the Commodity Futures Trading Commission have taken a “do no harm” approach to crypto and the SEC continues to investigate, but keeps delaying decisions regarding cryptocurrency. Huang argues that the “haphazard” formation of crypto regulations needs to end and a true direction must be formed for the overall health of the market.

The post Current State Of the Cryptocurrency Sphere, Where is it Heading to ? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0014383 (-100%)

cryptocurrency current could huang financial lawless sphere

cryptocurrency current → Результатов: 126


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Фото:

Juniper Research Report Suggests the Entire Cryptocurrency Market is Near ‘Implosion’

Bitcoin and the entire cryptocurrency market could be on its last legs according to researchers from Juniper Research. The End is Near A recent study by Juniper Research titled, The Future of Cryptocurrency: Bitcoin & Altcoin Trends & Challenges 2018-2023, warns that the current technical setup of the entire cryptocurrency market indicates the possibility of a total market implosion.

2018-10-10 08:00


Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS

Justin Sun, CEO of eleventh-ranked cryptocurrency TRON, took to Twitter this week to lay down some big claims for his platform’s latest ‘Odyssey 3.1′ update. The new upgrade has been promised to drastically reduce transaction costs to 1 percent of EOS’ current fees, while ramping up TRON’s network speeds to 200 times faster than leading… The post Justin Sun Claim’s TRON’s Latest Update Will Make It ‘200x Faster’ Than Ethereum, ‘100x Cheaper’ Than EOS appeared first on UNHASHED.

2018-10-10 22:38


Diar Bitcoin Market Research Shows Coinbase’s Crypto Trading Volume At Lowest In Over A Year

Lowest Trading Volumes in Over A Year for Coinbase, Reflecting Current Bear Market Cryptocurrency exchanges across the globe have fallen victim to the downward trend of the bear market lately. This year hasn’t been good to almost any exchange, according to the latest research installment from Diar. Coinbase couldn’t seem to get away either, as […]

2018-10-9 10:11


Wall Street Forays Into Crypto, Bitcoin Stabilizes, Could It Be A Coincidence?

As seen by the recent public outcry, there are many crypto investors that have been irked by the current state of the cryptocurrency market. Bitcoin remains steady at $6,600, with a majority of the foremost altcoins showing similar price movements, or lack thereof to be more specific, leading some to call the often-volatile crypto market “boring,” for.

2018-10-8 14:30


Фото:

TRON Price Can Hit $0.03 as Positive Momentum Swells

TRON’s recent price changes have caused a fair bit of excitement among cryptocurrency users. The current uptrend remains in place despite the weekend coming to an end. All of these gains continue to push TRON toward the market cap top 10, albeit reaching this milestone may prove to be a bit more challenging than originally […] The post TRON Price Can Hit $0.03 as Positive Momentum Swells appeared first on NullTX.

2018-10-8 10:17


Фото:

Economic Crisis in Argentina Provides Opportunity for Bitcoin ATM Providers

According to cryptocurrency ATM providers Athena Bitcoin and the Odyssey Group, by the end of 2018, Argentina could have up to 30 Bitcoin ATMs. Reuters published an article on October 4, 2018, mentioning that these cryptocurrency ATM providers are keen to tap into the South American market and take advantage of the current Argentinian economic crisis and to expand their.

2018-10-8 04:00


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Koilop ICO (KLP Token): Blockchain Marketplace For Freelancers?

What Is Koilop? Koilop is a decentralized online marketplace with a peer-to-peer system that implements blockchain technology to manage, create, and operate a tokenized cryptocurrency. Koilop aims at globalizing the freelance market and revolutionizing the current cryptocurrency market through its Koilop ecosystem that will solve some of the major challenges facing the freelance space such as […]

2018-10-5 12:44


Фото:

$8 Billion Coinbase Now Has More Users Than 21 Million Bitcoins

US cryptocurrency exchange and wallet provider Coinbase now has more users than the total supply of Bitcoin, new data reveals. Novogratz Hails Coinbase as Crypto ‘Poster Child’ Compiled by entrepreneur and cryptocurrency investor Alistair Milne, the latest statistics for the company show current user numbers have hit 25 million – meaning already that not all of them will ever be able to own an entire Bitcoin (BTC) .

2018-10-4 02:00


Large North American Crypto Miner Giga Watt Launches New Data Centers

Giga Watts launches new data centers to smooth cryptocurrency mining problems The current cryptocurrency mining business is getting less and less profitable as more coins are mined. This has caused one of the largest cryptocurrency mining solutions company in North America, Giga Watts, to add more data centers to boost the crypto mining communities. The […]

2018-10-2 05:31


Фото:

Bull-Market Will Return ‘Any Minute,’ Binance CEO Changpeng Zhao Says

According to the CEO of the world’s largest cryptocurrency exchange, Changpeng Zhao, the bull market is about to return “any minute. ” “Any Minute the Bull Market Will Return” Changpeng Zhao, CEO at Binance, expressed his rather positive sentiment on the current market setup during an interview with CryptoGlobe at Consensus: Singapore 2018 conference.

2018-9-28 13:00


Фото:

Mt. Gox’s largest trustee unloads another $230M worth of Bitcoin, and nobody knows why

The Mt. Gox saga keeps dragging on. The now defunct cryptocurrency exchange’s largest trustee, Nobuaki Kobayashi, has sold off another $230 million (26 billion yen) worth of Bitcoin. Kobayahsi – who is known as the “Tokyo Whale” in cryptocurrency circles – has been selling off the cryptocurrency since early March following the 10th creditors meeting, Bloomberg reports.

2018-9-25 16:09


Фото:

70% of All ICOs Are Now Underwater in 2018

How much cash an ICO raised has become “less important” to markets, new research says this week after revealing 70 percent of ICOs have lost the money they raised. Markets ‘Shrug Off Cash-On-Hand’ As part of the latest edition of its weekly newsletter, Diar investigated the current state of the ICO sector, which despite this year’s cryptocurrency bear market has raised more than in the ‘boom’ year of 2017.

2018-9-25 15:00


Фото:

UK’s Ambiguous Stance on Crypto Exposes Consumers to Risk, Nation Could Lose Out on Crypto Race

Lawmakers and leaders in UK’s cryptocurrency industry are now pushing for the government to enact regulations to govern the sector. There are concerns from lawmakers that the government’s current vague stance on the industry is putting consumers at risk, leaving the door wide open for potential criminal activities.

2018-9-24 18:34