TODAY'S COMMENT: Inescapable industry change - because of ...Mueller, Russia, and the U.S. or... private blockchain dev or... decentralized crypto making headway... tough call.
Overall Crypto Market
As for the overall market, one day might stand out this quarter.
Well if anyone in crypto wanted the spotlight to aid in getting the truth to curdle:
Russian operatives used cryptocurrency at almost every stage in their online efforts to interfere in the 2016 U.S. presidential election, according to Special Counsel Robert Mueller's final report on his investigation.- from CNN
Hard to imagine crypto tech will be slid under the rug now. An important looming question:
Main Crypto-specific Players
Right now, the major currencies seem much less pertinent than how the overall market, regulations, and popular opinion are coming together. Still, it is crucial to remain aware of the constant innovation in blockchain technology; especially the implementations on the horizon. For today though, consider:
Crypto ETFs are not new news any more. However, a recent London ETF by a US company (Invesco) illustrates that businesses might be gravitating toward hospitable crypto environments.
The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects are clearly excluded.- from Cointelegraph
Other banks are also issuing warnings against Bitcoin investing.
Corporate Influence
Invesco (mentioned above) manages assets amounting to nearly a trillion dollars in 25 countries (on-the-ground) and has been around since the 30's.
Hope you're not tired of me bringing up IBM. Their World Wire is in the news again. This time it is suggested that they are the answer for crypto and the rest might be a waste of time- (headline is rather close to these words):
...on the one end, where JPM Coin and World Wire find ...strong ties to the traditional banking systems ...on the other hand, there is the decentralised cryptocurrency...- from Forbes
“...banks...SWIFT...whole ‘wire departments’ ...” ... ...“IBM is using World Wire to compete with SWIFT for international bank transfers. ...Individuals or companies cannot use World Wire, so they would still have to go through the regular banking process to send international payments.”...- from Forbes
...middle ground of ‘no-coiners’ ...the White Company, ... easy to use and user-friendly front end, with a stable coin, ... ...“Our payments platform, for example, is built on Stellar, which is a dedicated payments protocol supported by IBM, ...”..- from Forbes
All this illustrates the building of what was termed a 'middle ground' to connect decentralized cryptocurrencies with private blockchain solutions. Their (i.e. Chase, IBM) explanatory flight (race) over international barriers (KEYWORD: cross-border payments) issues seemed left in haste. Though, it appears much more uniform agreement (outside of big banks and SWIFT card companies) has formed:
It is quite agreeable that blockchain tokens, digital assets, cryptocurrencies, or whatever sort of label lands on them, are the future.- from Forbes
Emerging Projects
ATM, I am big on crypto gaming dev leading the charge.
Additional Comments from Today's Flyby
Just got tired working for cryptonuts at the end.
Though I must say that Forbes unveiled a blockchain 50 and Hewlett Packard has a chain linking commercial. But what do you expect when IBM buys the crypto add space :/
Seriously though, without logistics we would not be here. And who has more logistical issues than governments savoring to get newly educated minds to work.
M^5Wire objectives include:
- speedy, absorbable read
- overview/brainstorm of current events related to blockchain, crypto, and fintech
- commentary and insight that is absent of bias and predictions
- adds sustainable value to the web and the investigative pursuits of readers
- considers a global aviation perspective with emphasis on GA economics
How Can I Improve?
Hope you enjoyed this flyby. Comments are welcomed, and through this platform, I can assign value to your meaningful thoughts!