John Jacques's Avatar
John Jacques
published in Blogs
Nov 28, 2018
Can a Major Regulatory Breakthrough Boost Crypto Prices?

Can a Major Regulatory Breakthrough Boost Crypto Prices?

The Financial Action Task Force (FATF), the international policy-making organization designed to “[combat] money laundering, terrorist financing and other related threats to the integrity of the international financial system,” announced in October an initial set of cryptocurrency-centric rules, with a more comprehensive set to follow by June 2019.

The preliminary regulations require countries worldwide “to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes,” said a Reuters report. Initial coin offerings (ICOs) are also responsible for complying with the provisions. FATF president Marshall Billingslea declared countries “will be subject to periodic reviews,” and “be added to an FATF blacklist that restricts access to the global financial system” for noncompliance.

While FATF policies are non-binding, instead focused on “[generating] the necessary political will to bring about national legislative and regulatory reforms in these areas,” they would represent a significant step forward in codifying a fragmented regulatory landscape, exacerbated by the lightning-fast rise of cryptocurrencies.

Government bodies were suddenly confronted with a business model both new and unfamiliar to regulators after the 2017 crypto boom, but cryptocurrencies have been on the FATF’s radar well before then. The FATF noted in a 2014 report that two parallel narratives exist about digital currencies – that they are both “the wave of the future for payment systems”; and “provide a powerful new tool for criminals, terrorist financiers and other sanctions evaders to move and store illicit funds, out of the reach of law enforcement and other authorities.” This duality means some countries, focusing more on the first narrative, have moved to embrace digital currencies; others have shunned them, put off by both crypto’s inherent price volatility (cast in stark relief by the crypto boom’s increased media coverage) and a wild west-like environment of theft and fraud.

The FATF has long expressed concern that some of the properties that make crypto attractive to holders – its inherent anonymity; the lack of a central governing body overseeing its ecosystem; the rapid evolution of decentralized systems made accessible via the internet – means it may be outside of the regulatory scope of any country, citing the infamous Silk Road illegal goods and services exchange (which only accepted bitcoin for payment) as an example. 

But the FATF also acknowledges that the positives presented by legitimate use – an ability to “improve payment efficiency and reduce transaction costs for payments and fund transfers” by virtue of its low processing fees and ability to circumvent exchange fees; strong use potential for micropayments that are currently unfeasible because transaction fees make suitably low prices impossible; and possible uses in financial inclusion efforts for people with limited access to the resources of traditional banking – mean they could not be written off wholesale.

While not yet comprehensive, the initial steps towards bringing order to the international regulatory landscape are good ones. Regulation is inevitable – clarifying those rules means a faster path to large-scale adoption of cryptocurrencies and bringing their benefits to the world.

Unsure of What Cryptocurrencies to Buy and Sell, and When to Buy and Sell Them? Ask A.I.

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Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.