Selected Crypto Articles of the Day
Hello steemians, the best three articles i have read today
(Every day, i read 12 to 15 articles, i choose the most interesting and summarize them for you.
Interesting articles, hope you enjoy them)
Article no 1:
Switzerland embraces bitcoin & cryptocurrencies amid global crackdown
Summary:
While financial regulators across the world are cracking down on bitcoin, Swiss Financial Market Supervisory Authority (FINMA) has decided to encourage digital currencies by issuing guidelines on initial coin offerings (ICOs).
Switzerland has recently seen a sharp growth in the number of upcoming ICOs planned to be launched in the country. In an attempt to encourage the ICO market and blockchain technology, FINMA clarified how standards around anti-money laundering and securities regulations could be applied.
The regulator will focus on the economic function and purpose of the tokens, or blockchain-based units, issued by the organizer. FINMA has categorized tokens and ICOs of those tokens into three categories: payment tokens, utility tokens and asset tokens.
For example, anti-money laundering regulation would apply to utility tokens that can also be widely used as a means of payment or are intended to be used as such.
Personal Opinion:
Governments are seeing the potential of blockchain technology, Switzerland, Spain, Japan and many others are trying to lure blockchain companies, of course regulation should be set and i think this will protect the entire industry
Read Original Article:
https://www.rt.com/business/419158-switzerland-embraces-bitcoin-cryptocurrencies-ico/
Article no 2:
Do Not Underestimate TRON (TRX)
Summary:
TRON is currently amongst the top 20 cryptocurrencies .
How should we treat Tron in the current market environment?
You don’t know whether the book is bad or good if you start reading it from the middle, right? Same is here, you have to know what the company has accomplished by today and to make sure that you fully understand what the team is proposing to the community . If we solely focus on the numbers then Tron is certainly one of the worst performers this year. However, we as rational investors or just people interested in “crypto” have to take into account the fundamental aspects in order to have a clear picture in mind.
For those of you who have never heard of Tron, I will briefly introduce it, and what is the main problem it aims to solve. The internet has become way too centralized with a plenty of intermediaries charging their insane fees. Undoubtedly, the rules are dictated by such all-embracing corporations as Amazon, Google, Facebook, Apple, as well as Alibaba and Tencent in China.
This is where Tron steps in…
Tron is designed to “heal” the internet by creating a free content-based entertainment system over the blockchain. Tron’s protocol allows each user to freely publish, store, and own data. Thereby empowering content creators . Any of you will be able to issue your own digital asset, using TRON 20 standards, while others can freely acquire your coins and enjoy the benefits and services brought by the constant growth of data contribution.
Tron is a 6 phase project that aims to implement these key features beginning from 2017 and leading to the final phase of “Eternity” in 2025:
1.Exodus: Platform for p2p distribution, storage and content (2017-2018)
2.Odyssey: Economic incentives to encourage content creation and empowerment (2019-2020)
3.Great Voyage: Individual ICO within a platform using TRON 20 standards (2020-2021)
4.Apollo: Final development of Great Voyage (2021-2023)
5.Star Trek: Decentralised forecasting and gaming platform (2023-2025)
6.Eternity: Final stage of core technology development, traffic conversion (2025-2027)
Justin Sun, the protege of Jack Ma, who is known as the founder of Alibaba Group. Justin is a founder of a quite famous Peiwo App (China’s Snapchat). Moreover, the entire team working on this project is highly competitive. For instance, the CTO, Lucien Chen, who has worked with Alibaba and other first-tier internet companies such as Netease, Qihoo 360, and Tencent.
Moreover, the company is somehow protected by the Chinese “anti-western” protectionism policy. China is interested in having its own blockchain industry.
Personal Opinion:
This currency is one of my favorites, for one simple reason, all the apps developers, instead of putting their apps on google play or apple store and share the profits with those two giants, Content producers will thus be able to obtain funds directly from consumers.
Read Original Article:
https://oracletimes.com/do-not-underestimate-tron-trx/
Article no 3:
Chinese Commerce Minister Zhong Shan confirms collaboration between Red Pulse, TRON and “a level of government”
Summary:
The Chinese Government’s intentions over the next few years place much responsibility on ministry level. They are backing up the Crypto Ventures by providing the blockchain-based network for the digital content but irronically Chinese government is moving to clamp down on bitcoin mining.
The new Commerce Minister Zhong Shan confirms the collaboration “between a level of government” and Red Pulse, a Shanghai-based market research company and also Tron, a non-profit Singapore-based foundation in the global entertainment industry.
Personal Opinion:
China is not banning Cryptocurrency or the blockchain technology, they are just doing what they have used to do over the past 20 years, banning everything that is not developed in china or is not a Chinese technology and could be massively used, they have their own YouTube their own google... and now they are backing up their blockchain technology like : RedPulse, tron Neo....
Read Original Article:
https://cryptocurrencydaily.wordpress.com/2018/02/17/chinese-commerce-minister-zhong-shan-confirms-collaboration-between-red-pulse-tron-and-a-level-of-government/amp/
Other Interesting Articles:
- Ethereum Improvement Proposal (EIP) Issue: What is going on with Ethereum? (Ethereum News Today)
https://smartereum.com/ethereum-improvement-proposal-eip-issue-what-is-going-on-with-ethereum/
- Bitcoin price LIVE: BTC holds at $10k as total crypto market cap nears $500 billion
- Wanchain to be the financial “bank” of the future and unite the world’s digital assets.
The content is intended to offer general information only. It does not provide legal, investment, tax, etc advice.
Nice!
My Bitcoin Update
https://steemit.com/bitcoin/@analysisman/bitcoin-btc-update
seems only positive the more support for ICOS the better
100%
I think that article on Switzerland is my favourite. I like it that while other countries are still debating on how legally reugalate cryptocurrenies, they have taken center stage and given it a go ahead in Switzerland. These guys know that the future is Smart contracts, decenttralized and fraudless storage systems(blockchain) and a cashless economy(cryptocurrencies). GOD BLESS THE REPUBLIC OF SWITZERLAND.
you are right man, but many other countries are seeing the potential of blockchain like Spain Japan Malta and many others. God Bless them all :)
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seems only positive the more support for ICOS the better
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@arabsteem curation trail !
What do you think about Venezuela and that, the president Maduro has started pre-sale of national cryptocurrency El Petro?
https://twitter.com/NicolasMaduro/status/965757273086877696
Hello, well man, here you are not betting on the technology, nor the project, this currency has many issues, although it is backed up by oil, the oil is yet to be pumped, moreover this currency is related to politics, they ll try to ban it and if president Madoro did not stay in power i think it ll be cancelled, you are taking too much risk if you wish to invest
this is not an investment advice
it is a personal opinion