August 2018

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Pablo Soria de Lachica Analyzes the Potential Impact of Ethereum on Financial Sector

The past decade has been marked by an avid interest in cryptocurrencies, whose number currently exceeds 1,800 in a market valued at more than $200 billion. Most of the media attention and trading activity seem to be reserved for the original cryptocurrency, Bitcoin (BTC), but corporate interest lies predominantly with Ethereum (ETH) – the second largest digital coin by market capitalization. Coming out almost five years after Bitcoin, ETH has captured the attention of businesses as its network supports faster and cheaper transactions and a functionality believed to have a hugely disruptive potential for almost all industries: smart contracts. The Ethereum blockchain and the capabilities it offers have come to be regarded as particularly promising drivers of innovation in the financial service sector, with some of the biggest Wall Street names rallying behind the project, notes acclaimed forex broker and dedicated philanthropist Pablo Soria de Lachica. Although cryptocurrencies are in the spotlight, it is…

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Pablo Soria de Lachica Discusses Projections for Ether Price Movement against USD

Cryptocurrencies have become a massive market, with more than 1,800 virtual coins traded on digital exchanges around the world. In the early days of 2018, the crypto market cap reached nearly $814 billion, while daily trading volumes topped $71 billion on January 4, according to data from CoinMarketCap. Activity has subsided significantly since then, but interest in these digital assets remains strong despite skepticism from traditional investors and the lack of regulation. Regardless of whether the market ebbs or flows, about 10 major coins account for the bulk of trading, most notably Bitcoin (BTC), Ether (ETH), and Ripple (XRP). While Bitcoin remains the most popular cryptocurrency and the leader by both market cap and trading volumes, ETH has enjoyed steadily rising popularity on account of its association with the highly-regarded Ethereum blockchain network, which is deemed superior because of its smart contracts functionality. Given the volatility of the cryptocurrency market, price predictions are extremely hard to make, but…

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Pablo Soria de Lachica Explains the Advantages of Ethereum-Based Smart Contracts

As blockchain solutions continue to proliferate across all sectors of the international economy—by 2024 the market is expected to exceed USD$60 billion as reported by Forbes, global investment expert Pablo Soria de Lachica examines the benefits of Ethereum-based smart contracts and how companies can greatly improve their organizational capabilities by integrating this cutting-edge, scalable technology. He explains the basic concept as such—a simple system/program (if A executes B, then C occurs) designed to facilitate financial agreements between two or more vested parties, underpinned by the security, reliability and convenience of an encrypted blockchain cryptocurrency such as Ethereum (ETH) which surpasses the often-touted Bitcoin in application due to its open source coding language. Soria de Lachica is not alone in his enthusiasm and positive outlook for this technology, as NASA have recently announced their investment in ETH research with an aim to adapting smart contracts to the programming of space craft, primarily due to the perceived stability of Ethereum (its…