Cryptocurrencies recently have rallied back partially amid a regulatory and private sector framework coming into place that seemingly will be relatively friendly. Furthermore, institutional actors appear to be continuing to increasingly explore both Blockchain technology and attempting to enter the cryptocurrency space itself once regulatory clouds clear.

Bitcoin has gained but is increasingly losing relative market share against the variety of general use and industry-specific cryptos rapidly growing as Blockchain’s technology and business use advances. It remains uncertain which cryptos will prevail, particularly as institutional actors seemingly engage in turf struggles to promote their own upcoming cryptocurrencies against rival actors.

A clearer crypto framework will likely come into place over the next year, with the 2019 crypto market seeing both new assets, guidelines, and an overall market environment that is much more stable. Cryptocurrencies have been on the rally lately amid a regulatory framework that seems to be more friendly than the initial enforcement actions early this year made it seem.

Here, in the United States, the Securities and Exchange Commission has expressed openness to ICOs, a general desire to focus on implementing consumer protection over stifling the entire crypto industry, and debates over crypto’s status as a security that show a likely thoughtful and industry-inclusive approach. On the private actor side, companies such as Facebook (FB) have gone from banning all crypto ads in January to now seemingly on the verge of releasing their own cryptocurrency for use on Facebook’s ever increasing platform of properties, ranging from now content streaming to reselling to dating.

Cryptocurrency appears to be chugging along, as the overall world market cap has rallied from its post-bubble low of $250 billion to now $406 billion, or 62.4%, in the past month and a half. Initial post-bubble private sector actor hesitation about cryptocurrencies has appeared to be limited mostly to the retail credit and liability risks they might be exposed to rather than aversion to the industry when it may benefit themselves. Read more from seekingalpha.com…

thumbnail courtesy of seekingalpha.com