Selected Crypto Articles of the Day

Hello Steemians, the best articles i have read today

Every day, i read 12 to 15 articles; i choose the most interesting and summarize them in points for you.
Interesting articles, hope you enjoy them

Article no 1:

The SEC just made it clearer that securities laws apply to most cryptocurrencies and exchanges trading them

Summary:

• The U.S. Securities and Exchange Commission is looking to apply securities laws to everything from cryptocurrency exchanges to digital asset storage companies known as wallets.
  *” I think it's one more message from the SEC that they view coins as securities and they encourage everyone in the space to ... follow securities laws," said Jason Gottlieb, partner at Morrison Cohen.
• The commission has increased its efforts to crack down on fraudulent initial coin offerings.

Personal Opinion:

When regulators issue a statement the whole market freaks out, I think this is good news, although it affects the market temporarily, but in the long run, the market will be more stable, less fraudulent, and more people will be encouraged to invest.

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Article no 2:

The world’s ultra-rich are investing more in cryptocurrencies — even if they may not understand them

Summary:

• Around 21 percent of respondents in an annual survey of wealth advisers and private bankers said their clients increased investments in cryptocurrencies in 2017, according to the latest Wealth Report by Knight Frank.
• "So, although people are getting on the train about investing in cryptocurrencies, perhaps there's not a full understanding of what this could mean to their wealth portfolio," Nicholas Holt, Knight Frank's head of research for Asia Pacific, told CNBC on Wednesday.

Personal Opinion:

Ultra wealthy people prefer to put their money in stocks or other traditional investments, but they can afford to try new investments, they are doing so, this will pump some liquidity in the market and give time to blockchain companies to develop their technology.

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Article no 3:

Major ATM Manufacturer Integrates Bitcoin, Exposure to Millions of Users

Summary:

• South Korea’s Hyosung, one of the largest ATM manufacturers in Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models.
• For over three years Hyosung has enabled South Korean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung ATMs, located at nearly every convenience store and subway station.
• Through the Coinplug mobile app, Hyosung has allowed South Korean users to easily withdraw and deposit cash to sell or obtain Bitcoin, increasing the liquidity of Bitcoin for general consumers in the region.
• Currently, major Bitcoin brokerages and exchanges such as Coinbase and Gemini are focusing on providing support for institutional and retail investors.
• In the long-term, the integration of Bitcoin into hundreds of thousands of bank ATMs globally would further increase the mainstream adoption of Bitcoin.

Personal Opinion:

This is great news that allows Bitcoin to be adopted by the retailers and the mainstream, and it opens doors for other Altcoins, although currently people are investing in Bitcoin not to purchase clothes or a cup of coffee but this a good step for all Cryptocurrencies, spending cryptos in every day life might need another 4 or 5 years.

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The content is intended to offer general information only. It does not provide legal, investment, tax, etc advice.

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