Cryptocurrency at the London Summit: What to Expect

The biggest story of the year has been the rampant rise of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and its unmistakable impact on the financial services industry. As such, the 2017 London Summit will feature a diverse panel of leading experts who will discuss the crypto frenzy, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology, and the future trajectory of the industry.

Learn how to grow with the cryptocurrency surge

With retail brokers entwining their offerings with Bitcoin, Ethereum and other digital currencies, the future of these instruments has never been more relevant. And with the emergence of initial coin offerings (ICOs) and other products, interest in cryptocurrencies continues to grow at a rapid pace.

Summit attendees are invited to attend the panel on November 15, 2017, which will be providing much-needed clarity regarding the various applications of blockchain technology and cryptocurrencies for financial services firms, and a series of down-to-earth solutions for products, security, and risk management.

“Blockchain technology is talked about as revolutionizing in every single industry these days. Our panel will examine how this is the case in the fields of FX, online trading, investing and finance,” explained Avi Mizrahi, cryptocurrency specialist at Finance Magnates and moderator of the panel.

The panel is composed of five leaders from the cryptocurrency space:

• Richard Olsen, CEO of Lykke
• Yonni Assia, CEO of eToro
• Matthew Miller, COO of Shift Forex
• Rosario Ingargiola, CEO of OTCXN
• Carolina May, Strategic Advisor, NewsBTC

In particular, the panel will address a series of concerns and outlooks regarding leading cryptocurrencies such as Bitcoin and Ethereum. The conversation will include a volatility analysis of these coins, as well as experience-based insights into offering cryptocurrency trading to clients.

How can the trading industry harness the crypto frenzy? https://t.co/KCt6GlHVeF #londonsummit17 #cryptocurrency @eToro @newsbtc pic.twitter.com/CjghKl4bi1

— Finance Magnates (@financemagnates) September 26, 2017

“With the right architecture, blockchain will power a completely new market model revolutionizing liquidity access and risk reduction for the entire FX and cryptocurrency ecosystem," Mr. Ingargiola noted.

"The next generation FX market will use collateral digitization and real-time collateral management to achieve new levels of security and portability for bridging trust gaps, crossing organizational boundaries, and eliminating counterparty and settlement risk. Further, the same technology will accelerate growth and maturity of digital asset markets by delivering a non-custodial solution for cross-exchange clearing and settlement," he added.

Furthermore, the panel will offer a breakdown of various methods for offering such instruments, capped off with a discussion about the blockchain ecosystem in the financial services sector. Alex Nekritin, Managing Director of Nekstream, will be weighing in on a number of liquidity solutions available for market participants. The panellists will break down in detail the subjects of access to liquidity and the merits of exchanges vs. liquidity providers.

ICO watch

The London Summit will also feature an emphasis on initial coin offerings (ICOs). Eddy Travia, the CEO and co-Founder of Coinsilium will be hosting a discussion outlining blockchain technology's uses and applications. With the adoption of this technology making inroads into all sorts of parallel industries, the impact and future trajectory of blockchain has never been more relevant.

Additionally, the discussion will explore the factors that have triggered a wave of ICOs in the last 12 months as well as the advantages and risks of this new funding method. Finally, an added focus will touch on the future direction of ICOs and predictions for the following year.