Сrypto currency and block account. (Криптовалюти та блокчейн)

Вступление:Cryptocurrencies are gaining popularity. More and more services are beginning to accept them for payment of purchases through the Internet, purchases of services, etc. In some cities there are special ATMs. The cryptocurrency market is the Wild West, where no laws are written, the risks are incredibly high, and each participant struggles to become a pioneer in a new niche and earn millions on it, with the majority so fixated on money that they do not care at all in what niche it will be first, and therefore they do not pay any attention to the technologies with which they work. The recent collapse of virtual currency rates caused panic in the crypto-currency market and many investors had to pay too high a price for their greed and inexperience, but, more importantly, many simply lost faith in this market. Based on the explanations it can be concluded that the boom in the market of crypto-currency is due to enthusiasm for the very idea of money, which is not connected with the policy of the central bank. At the same time, Bitcoin attracts potential investors by the fact that it is protected from inflation and state control. Its value peaked just before Christmas at $19,434 per virtual coin. By this week, it had plunged to more like $9,000. Down more than 50 per cent in a month and many, many billions along the way. Bitcoin isn’t the only one to have flipped. Other well-known cryptocurrencies, Ripple, Ethereum and Litecoin, are having a torrid time too. The emergence of such situations determines the need to regulate the turnover of cryptocurrencies in the world. The turnaround of the crypto currency is provided by a special technology – blockchain. Like any innovative technology that has proved its effectiveness, the technology of blocking will undoubtedly have a positive impact on the economy. But it should be understood that this is primarily a tool that helps to make the processes occurring in the economy more efficient and transparent, including the turnover of the cryptocurrency. The main idea is to argue that it’s a good idea to use blockchain in the cryptocurrency market, but provide more institutionalization, legislation and governmental control in order to decrease volatility and ensure safety.  

Выводы:The beginning of 2018 has seen a tremendous consolidation of the cryptocurrency market. The massive bull run of the previous year ended with a sharp correction early this quarter. This correction saw many cryptocurrencies shaving 75% off previous highs. Bitcoin remains the largest cryptocurrency by market capitalization, while Ethereum has regained second place. Globally, an unprecedented number of blockchain projects are coming online. Many of these projects are raising funds in the form of ICOs. We are also seeing more mergers & acquisitions in the cryptocurrency space, such as Circle acquiring Poloniex, which was once the largest cryptocurrency exchange in the world. At the same time, many governments are stepping up regulatory measures. They are drafting clearer guidelines on cryptocurrencies and cracking down on suspicious projects. We will see certain jurisdictions welcoming cryptocurrency companies with open arms. For example, Malta has welcomed Binance, and Gibraltar is launching its own blockchain exchange. We are also seeing a trend where startups and large companies consider ICOs as a method of fundraising. However, the viability of this method remains unclear because the use cases for blockchain have yet to be proven. Overall, our advice is to conduct proper evaluations and approach each project critically and thoroughly before making any investments. As we begin the second quarter of 2018, we encourage everyone to be cautious. Coincheck's $530 million hack in February is just one of the many examples of numerous thefts that have happened. It is important for us to learn how to keep our cryptocurrencies safe and be vigilant of the risks in the industry. It is also interesting to note that the industry has began to organize itself and form self-regulatory bodies to police bad behavior. We are also keeping abreast with developments in blockchain projects that aim to reduce fraud in the industry, such as Sentinel Protocol. As always, we will be here to provide you with the data, trends, insights, and perspective on this dynamic crypto market. Do reach out to us if you have any comments and suggestions. We would love to hear from you. The International Monetary Fund has already started moving towards the creation of a crypto-currency regulation system. The IMF believes that international regulation of operations with crypto-currencies is inevitable. The international financial community needs to focus on knowing who does what and who has the right to an action, as well as who is being checked and who is managed properly. Lagarde stressed that the operations with crypto-currencies have a dark side, and the IMF is actively engaged in countering money laundering and terrorist financing with the help of crypto-currency.  

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