Technology

Crypto Edition – State of the Union For 2018

State of the Union AKA in 2018 State of the Uniom is tomorrow, so we thought  you would like some commentary on the “State of Crypto.”

We have it divided up into two sections: 1) point of view on the future of crypto and 2) the U.S. Government’s approach to regulations. See below from crypto experts on the topic

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STATE OF CRYPTO

State of crypto is strong, blockchain technology stronger 

Crypto is still strong. Last week’s market downturn is an outcome of its popularity. That was the quick after effects of buyers getting in because of the hot crypto news and then panic selling with the dips. Crypto is just one way blockchain technology is going to change the world. With more students, technologists, policy makers, and public companies examining the underlying technology of cryptocurrencies, the longevity of all blockchain applications seems bright.

— Dan Novaes, founder of Current, a platform where people can earn tokens listening to music. They have an ICO in February.

Crypto strong and maturing

The state of cryptocurrency is incredibly strong. Looking far beyond the prices, we’re seeing an increasing number of high-quality projects in the space, with experienced teams, impressive early technological breakthroughs, and rigorous legal structuring.We expect to see this continue into 2018 as the industry matures and professionalizes — a necessary step for it at this time.

— Andy Bromberg, CEO of CoinList, a platform which hosts and manages the top ICOs in the world.

Crypto values still difficult to predict, technology gives market room to grow

Each day more and more big companies from traditional industries are joining cryptocurrency technology. The technology behind cryptocurrencies is still very recent and has a lot of potential to grow. If the prices were related only to the potential of the technology and its applications, I would bet that there is still a lot to grow.

— Dan Duarte Figueiredo, Co-Founder at Auctus, a blockchain company to reward people for saving and planning for retirement as well as financial institutions for high performing products and advice. They have an ICO in Q1.

GOVERNMENT’S APPROACH TO CRYPTO

Gov’t good to regulate crypto

The cryptocurrency space is going through a lot of changes and we are still far away from having stable regulatory definitions. Two years ago, it would be possible to run an ICO without KYC/AML processes and without worrying whether the token is or isn’t a security. It is a good thing that the SEC and U.S. government are more aware of cryptocurrencies and trying to stop low-quality projects from getting money from investors with false promises of high returns and low risks.

— Dan Duarte Figueiredo, Co-Founder at Auctus, a blockchain company to reward people for saving and planning for retirement as well as financial institutions for high performing products and advice. They have an ICO in Q1.

U.S. Government can learn from local government approach to blockchain

There are several state governments looking into utilizing blockchain technology in Real Estate, Birth Records and other operational aspects in government to provide more reliable, safer, and efficient transactions. State funded universities, such as Stanford, are working on blockchain solutions. This is encouraging because the lessons learned from these two channels will help the Federal Government make a more level-headed ruling on Crypto and Blockchain companies.

— Dan Novaes, founder of Current, a platform where people can earn tokens listening to music. They have an ICO in February.

U.S. Government is making the right moves

The U.S. government is taking the time to fully understand the industry and implications of their actions, which is the right move. We’ve seen an increasing pace of memos, enforcement actions and public statements over the past 6 months from agencies like the SEC and CFTC, and expect to see them continue to increase their presence over the coming months.

— Andy Bromberg, CEO of CoinList, a platform which hosts and manages the top ICOs in the world.