We’re all crypto addicts at AmaZix.

This is why, even as we tirelessly work with our partners to explore and develop blockchain solutions, we’re still aware of the everyday preoccupations of the crypto community at large… and what bigger preoccupation can there be but the price of crypto?

Of all the voices in crypto and blockchain, market sentiment is probably the most shrill. From the moment the crypto bull run began in 2017 to the present conditions where almost every crypto asset seem to be finding new floors to plunge to, we can’t help but hear the voice of price action.

But if you can for one moment, tear your eyes away from all those “red charts” and unplug from the incessant headlines of doom prophets, you might examine everything else that’s going on in the industry and realize that things are really moving quickly with cryptocurrency and blockchain. In fact, for us, they have never looked better.

As we speak, these are a small sample of what’s been going on throughout this entire “bear market”:

1. The public sector and academia want to learn crypto

You know something’s about to get serious when tight-lipped academia and supposedly traditional governments begin to take interest. Just two years ago, you’d be hard-pressed to find an accredited degree for blockchain. Today, almost half of the world’s universities offer at least one crypto-related course (Coinbase, 2018).

The highly-regarded University of Nicosia was the pioneer in formal blockchain education but now you have hundreds of options when it comes to getting an education in crypto/blockchain. Even the oldest institutions like LSE, Oxford and MIT all launched crypto online courses this year.

There’s more interest in research from academia and states too. In August, we saw a flurry of higher education initiatives: University of Malta’s EUR 300,000 blockchain scholarship, the US government’s $0.8 million blockchain grant to University of California-San Diego, the Chinese government’s $20 million grant to four universities for research including blockchain applications.

2. Economies are building infrastructure for blockchain

Blockchain- and crypto-fuelled industries are transferring quickly from white paper pipe dreams to physical infrastructure in the real world. Offshore and island economies like those of Singapore and Malta have always been the first to diversify, the former as an IT giant and the latter as a financial hub, so it’s no surprise that they are among the first to embrace blockchain.

Malta and Gibraltar are just two in the Western corner of the world vying with Switzerland’s Crypto Valley and Estonia’s e-citizenship program, among others, to become blockchain hubs in developed economies.

In the East, we are hearing of immense funding pouring in for ambitious mega-city blockchain projects across China: $1.6 billion for Hangzhou, $1.48 billion for Nanjing and $80 million for Shenzhen.

In South Korea, Jeju island is bidding to become a blockchain-centric special zone as part of the government’s newly-announced $4.4 billion innovation fund.

Even the Philippines is punching above its weight in Southeast Asia, issuing licenses to crypto exchanges and blockchain enterprises in the Philippine “Silicon Valley”, the Cagayan Economic Zone.

3. Legal jurisdictions are rewriting the law books for crypto

From Scotland to the Pacific Islands, there are calls all over calling for governments and industries to discuss, understand and rally around blockchain and innovate together. More voices are urging for regulatory policies, and growing louder by the day.

Recently, GBX opened its doors as the first EU-regulated blockchain exchange under new crypto legislation in Gibraltar.

Initiatives like that have not been lost on the EU, either, with the European Parliament’s Committee on Economic and Monetary Affairs (ECON) publishing an August report that may place ICOs within a regulatory framework for crowdfunding. This only a month after the EU’s financial regulations in the form of the Fifth Money Laundering Directive (MLD5) entered into force, which continues to find ways to include digital currencies and crypto.

In the footsteps of Japan, where Bitcoin had become legal tender last year, South Korea is considering legalizing ICOs alongside a newly-established Blockchain Law Society., while there are blockchain associations forming up all around them in emerging markets in Thailand, Malaysia, Indonesia and the Philippines.

Price aside…

Price is not something we can control, nor is it something that we feel is important beyond the fleeting emotions of the here-and-now.

For every reason we can think of to doubt the future of crypto, we have many more that tells us what we’re doing in the space is right. And we’re glad you’re with us each step of the way.

The case for blockchain is being made. And really, price has got nothing to do with it.

Curious about what AmaZix can do for you?

We’re always on the lookout for another exciting project to work on. If you’re working in the crypto space and planning an ICO, or just want help managing your communities, we’d love to hear from you.

Reach out to us on the following channels:

1. Telegram: https://t.me/amazix

2. Twitter: https://twitter.com/AmaZixOfficial

3. Website: http://www.amazix.com/

4. Facebook: https://www.facebook.com/AmaZixOfficial

5. Reddit: https://www.reddit.com/r/AmaZixOfficial/