Since its invention, the blockchain technology was implemented in different business and social areas such as telecommunications finance and energy services. Of all the advantages of using blockchain for business, experts emphasize its transparency and trust. However, several factors have taken hold of the adoption of this technology. Will the situation change in 2019?
A recent study conducted by a New York-based international newspaper showed that hundreds of cryptocurrency projects' whitepapers had signs of fraudulent activity, promises of incredible income, and plagiarism.
On Wednesday, the Dow Jones Industrial Average ( DJI), noting its worst Christmas Eve in history, suddenly began to rise. According to the financial analysts, Dow noted its greatest gain in history. Shares began the session on a positive note the day after Christmas, returned to growth at noon, and then took off before closing.
The latest market reports refer to that there will be a total of 18.4 million Monero’s XMR coins in circulation by May 31, 2022.
In his recent interview with the U.S. media outlet, Wei Zhou the CFO of Binance a major cryptocurrency exchange shared his thoughts about the last events that took place in the crypto market during the 2018 year.
Although the speculative cryptocurrency market calmed down due to the pressure from the governmental financial regulators, investments in blockchain-based startups continue to grow. During 2018 over 4 billion dollars were invested in such projects. According to the crypto market analysts, instead of going through the initial coin offerings (ICO), more venture capital is now turning to the blockchain startups as the new form of investment.
With any tech, any industry, any product - there are fluctuations. Whether they’re positive or negative, every market has them. And of course, this can be said for the world of crypto in 2018.
Active growth of the crypto market with a number of unsuccessful projects raise a question about the future of the cryptocurrency and blockchain in 2019. Experts claim that in order to have high chances of a long-term role in the market, blockchain applications and crypto assets must provide users with real financial results.
The speculation on future adoption of Bitcoin BTC drives its price for more than “actual utility”, said the CEO of crypto trading platform BitPay Stephen Pair in an interview with a media outlet recently.
Investing in cryptocurrency becomes like gaming, which may within time generate a constant inner desire inside investors to keep the process going, with both sides they survive: profit and loss, as acquiring the skills over the time practicing such kind of trading pushes those who opt to continue to insist more.
Recently, LinkedIn, a platform for business and employment, released a report of the most sought-after specialties. According to this document, the most popular specialty among US employers this year is the blockchain developer.
The recent report, which was conducted by the American multinational information technology company IBM, showed that significant part of the auto industry executives believe that the blockchain will be a disruptive force in the industry in the next three years.