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NYCoin - Fidelity Investments - Fidelity Investments Crypto Division Joins Bitcoin Lightning Trust Chain

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Torch Secured: Fidelity Investments Crypto Division Joins Bitcoin Lightning Trust Chain (current BTC/USD price is $4147.34085548)

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Torch Secured: Fidelity Investments Crypto Division Joins Bitcoin Lightning Trust Chain
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The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain - newsBTC

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Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain

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Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain - newsBTC

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Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain

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BITCOIN INVESTMENT TRUST (GBTC) on Fidelity Investments

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BITCOIN INVESTMENT TRUST (GBTC) on Fidelity Investments

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Looking for institutional-class bitcoin custodians

Title.
I’m working with an institutional-class registered investment advisory that is currently shopping for established and reputable financial services companies who provide custody and/or sub-custody for digital assets like bitcoin.
(Custody means that a firm can hold digital assets for their own retail investors, sub-custody means that they can hold digital assets on behalf of other financial services institutions. Some firms, like Kingdom’s Trust, can do both [i.e. they hold digital assets for their own company but also can hold assets on behalf of Fidelity’s customers who will see them in their Fidelity account]).
Hopefully this post isn’t against the rules because I’m hoping to tap into this community’s vast knowledge base.
If you have a recommendation that fits the above criteria, I’d love to hear it.
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HOW INSTITUTIONS INVEST IN BITCOIN

HOW INSTITUTIONS INVEST IN BITCOIN

Why Institutions Invest in Bitcoin


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Institutional investors typically have strict requirements in terms of risk management and compliance with applicable securities laws and regulations. They usually allocate only a small part of their investment portfolio to new asset classes such as Bitcoin, primarily with the purpose of investment portfolio diversification. Currently, institutions can either buy Bitcoin directly or get indirect exposure through available Bitcoin investment products. Institutional investors typically have direct exposure to Bitcoin using cryptocurrency exchanges and OTC trading desks.

Institutional Exposure to Bitcoin


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Many institutional investors still do not have exposure to Bitcoin because of the regulatory uncertainty, lack of reliable valuation models, and high market risks. At the same time, institutions are interested in allocating capital to Bitcoin because it’s not highly correlated with traditional asset classes and has generated outstanding historical return. Institutional investors typically do not have in-house expertise in the Bitcoin market and prefer to have indirect exposure to Bitcoin using currently available investment products, such as Grayscale Bitcoin Trust (GBTC) and crypto hedge funds.

Institutional Demand for Bitcoin


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Genesis, one of the largest Bitcoin lender and OTC liquidity provider, has issued Q2 2020 report where crypto market trends are discussed. Based on this report, the institutional demand and participation in the crypto space is growing substantially. Here is Genesis’s statistics for Quarter 2 2020: $2.2B in crypto loans has been originated. For comparison, this is a 324% increase in loan originations from the same quarter last year. Genesis had $1.42B total active crypto loans as of June 2020. $5.25B of spot volume has been traded through their OTC desk. $400M derivatives volume traded since June 1, 2020.

Conservative Investors Allocate Capital to Bitcoin


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Coinbase, the largest American cryptocurrency exchange, mentioned in its H1 2020 Report that today, many large and conservative institutional investors are allocating capital to digital assets to build direct positions. Among those institutions are leading university endowments, traditional multi-strategy hedge funds, venture firms, and large family offices.

Fidelity Digital Assets Institutional Survey


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Over 60% of institutional investors surveyed by Fidelity Digital Assets have purchased digital assets directly. Over 20% of the U.S. institutional investors have invested in digital assets using derivative products such as futures. For example, Chicago-based CME Group offers Bitcoin futures and options to institutional investors who need either get exposure to Bitcoin through derivative products or hedge their investment risks.

Demand for New Bitcoin Investment Products


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Besides these Bitcoin investment instruments, we think that first Bitcoin ETF product might be approved by the Securities and Exchange Commission (SEC) in the near future, which would be a huge milestone for the Bitcoin investment infrastructure development. Currently, the inefficiency of the Bitcoin market, lack of reliable Bitcoin valuation models, and Bitcoin market manipulation are among the major concerns of the regulator.
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
submitted by MaximNurov to u/MaximNurov [link] [comments]

BITCOIN INVESTMENT PRODUCTS

BITCOIN INVESTMENT PRODUCTS

Grayscale Bitcoin Trust


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More than 80% of institutional investors surveyed by Fidelity Digital Assetsconfirmed they are interested in new investment products, which performance is linked to Bitcoin and other digital assets. The majority of institutions currently have exposure to Bitcoin through Grayscale Bitcoin Trust (GBTC) and crypto hedge funds that use passive investment approach, such as Bitwise Bitcoin Fund. These Bitcoin investment products are suitable for investors with relatively high risk tolerance and the medium to long-term investment horizon.

Crypto Hedge Funds


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You can learn more about crypto hedge funds and their investment strategies by reading the Crypto Hedge Fund Report prepared by PWC in 2019. Crypto hedge funds typically use the same fee structure as traditional hedge funds. The median fees charged by the crypto hedge funds surveyed by PWC were 2% management fee and a 20% performance fee.
Crypto hedge funds that use active investment approach and algorithmic trading when they invest in Bitcoin typically overperform passive investment vehicles. However, they need to use advanced risk management tools to avoid losses as the Bitcoin market is quite inefficient. Bitcoin market infrastructure is still nascent and driven by speculative interest. Therefore, it’s highly important to use smart hedging techniques and avoid high leverage trading to mitigate potential investment risks.

Bitcoin ETF Products


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We believe that Bitcoin market infrastructure will become more developed over time. The Bitcoin market will become more efficient and regulated similar to traditional financial markets. Consequently, more Bitcoin based products such as Bitcoin exchange-traded funds (ETFs) will become available to institutional and individual investors. We think that the approval by the Securities and Exchange Commission (SEC) of the first Bitcoin ETF will become an important milestone in the Bitcoin market development and will trigger further Bitcoin price appreciation.
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
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Round up of Cryptocurrency News #5 Week 03/08 - 09/08

Welcome again to another recap and the first full week of the new month after breaking the downward trend on the monthly!
 
Firstly, from last weeks uptrend we have seen the market consolidate at this level throughout the week with a steady upward climb at the start of the week to a balance out above $11.5k for Bitcoin towards the end. For the market we have a total increase of $17.5B over the week but a 1% decrease of btc dominance moving mainly toward Chainlink and other altcoins.
 
Closing the week we have had some altcoin action, Ethereum breaking $400 midweek but now staying back in a nice channel between $350-$410 since the start of August. But, Chainlink killing it after breaking $10 and currently sitting comfortably above $13!! Other altcoins that have reaped rewards and I'm keeping an eye on are:
I have picked these as i have noticed they are usually the first movers or the biggest gainers after the market goes red. Chasing those quick gains!
 
What about the news for this week?
 
DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! The Gravychain Collective: https://t.me/gravychain My Crypto HQ: https://t.me/My_Crypto_HQ
Links
Important/Notable/Highlights:
Special Mentions:
Other:
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If you missed the AMA

AMA AT DETECTIVE ID (25/06/2020)
Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken.
Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established?
The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control.
Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020?
By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges.
Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers?
Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community
Community Questions (Twitter):
Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions
Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different?
Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side
Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing?
As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here.
Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera?
I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle).
Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :)
Nuked Phase (3rd Part)
Q) What is your VISION and Mission?
Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset.
Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion?
We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊)
Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?.
You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens
Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them?
We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on.
Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.??
When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing
Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction?
We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem
Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market?
We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18
Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges?
Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price.
Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents?
We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract).
Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects?
Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk)
Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people.
Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology?
We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming
Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations.
Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term?
The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above
Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it?
We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token.
Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges?
STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible??
Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community
Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ?
Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention.
Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space?
We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about.
Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term?
The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people!
Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space?
We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this?
By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would
Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time?
I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
submitted by stateratoken to StateraToken [link] [comments]

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
https://preview.redd.it/lau4hevpm7f51.png?width=800&format=png&auto=webp&s=2c5de1ba497199f36aa194e5809bd86e5ab533d8

Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
https://preview.redd.it/mxmlg1zqm7f51.png?width=800&format=png&auto=webp&s=2d900dd5ff7f3b00df5fe5a48305d57ebeffaa9a

Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Other Ways to Consume Today's Episode:
Follow our social channels: https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto: https://genesisblock.com/download
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Fidelity Report: Over 80% of Institutions See Value in Bitcoin

Fidelity surveyed over 800 institutional investors (hedge funds, money managers, pension funds, endowments, etc) and found that the vast majority of them see long-term value in Bitcoin.
The 2017 bull run was led by everyday people (retail investors) getting into Bitcoin, but I think the next bull run will see significant participation from institutional investors. This Fidelity report comes at the heels of record-breaking institutional Bitcoin derivatives volume, a bullish report from Bloomberg, and massive new inflows into Grayscale’s GBTC investment trust.
I wrote more here.
submitted by heist95 to Bitcoin [link] [comments]

One Third of Institutions Have Invested in Crypto Says Fidelity

A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.
While 36% of institutions own crypto globally, multinational financial services company Fidelity found that only 27% of the 441 U.S. institutions surveyed are exposed to crypto — although that’s up from 22% last year. Close to half of European institutions are long on virtual assets.
Bitcoin (BTC) is the most popular cryptocurrency investment, with more than a quarter of respondents holding BTC, while 11% of firms own Ether (ETH).
Fidelity commissioned Greenwich Associates to conduct the survey from November until early March — with the data reflecting the crypto positions of firms as of before the violent ‘Black Thursday’ crash that saw crypto prices drop by 50% or more.
Institutions prefer spot to derivatives
More than 60% of institutions who are exposed to crypto have purchased on the spot markets, with the other 40% opting for derivatives.
While many institutions are yet to pull the trigger on crypto, six in 10 respondents now “believe digital assets have a place in their investment portfolio”. Only 20% of participants indicated that they do not find anything about the crypto asset class appealing.
Fidelity’s Tom Jessop stated: “These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class.”
Looking five years into the future, 91% of respondents indicated that they expect at least 0.5% of their portfolio to comprise crypto assets.
Institutional appetites for crypto surge
In early May, billionaire hedge fund founder Paul Tudor Jones indicated that his Tudor BVI fund may hold a low single-digit percentage of its portfolio in BTC, stating: “The best profit-maximizing strategy is to own the fastest horse. If I am forced to forecast, my bet is it will be Bitcoin.”
Over recent months we have also seen Grayscale’s Bitcoin Investment Trust aggressively ramp up its BTC accumulation — going from absorbing at a rate equal to 33% of newly mined Bitcoin during the first quarter of 2020 to roughly 1.5 times the rate of new supply since the halving.
submitted by SilkChain to u/SilkChain [link] [comments]

Some Bull Porn For ya

We are on the cusp of the greatest rally in crypto history. 2020 will not be the year in my opinion, it will be the prelude. 2021 is where the real magic happens, in my opinion.
Fundamentals:
Cryptocurrency based on a pure functionality stand point hasn't changed, especially for Bitcoin and Litecoin. They both just work, never have not worked and will always work. The base code for both are simple, but clean. Litecoin developers experimenting with privacy is huge but I'm glad it isn't being rushed and is not being hyped unnecessarily.
Fundamentals on a money flow standpoint and awareness standpoint is where the real progress is. Traditional finance institutions have created an increasing amount of new gateways for money to flow into crypto. Fidelity, Bakkt, CME, Grayscale, ect all have created instruments to bring money to crypto. These new instruments will bring in institutional money as there are now legal ways for them to invest and more retail money as some people still dont trust the likes of coinbase (which is totally fair). When the bull arrives, the landscape is setup for success.
On the Awareness side, there are significantly more eyes on Cryptocurrency than ever before. Sure not everyone talks about it everyday or even has a thought about it every day but they know about it and know to look for it when the time comes. I would say actually knowledge of Bitcoins existence has increased 100x since 2017 if not more.
The Bitcoin halving is another bullish fundamental. The halving, short term, will probably see the price decline as miners hedge against their profits being cut in half, but long term this will cause price to appreciate. This is a simple stock to flow model where there are less coins created to sell overtime.
Technicals:
From a TA standpoint, Crypto looks like it is at the beginning of a break out. Bitcoin and Litecoin are both printing divergences on the Monthly RSI, Both about to Cross over on the monthly MACD, Both Turned Bullish on the Monthly Squeeze Momentum indicator, Both on a bullish Monthly TD Sequential count down with a green 2 above a green 1 of 9 candle. The last thing to do is print a higher high above the last long term swing high at 14k and 140 respectively, this would solidify the long term trend in my opinion.
Looking at Google Trends as well, we are beginning to see increases for the keywords like Bitocin Halving, Bitcoin, Coinbase, Bitcoin Price, Cryptocurrency, Crypto, ect. Obviously this is has some noise attached to it and doesnt mean much on it's own, but with all the things I listed above, this is an amazing sign.
I'm no psychic or fortune teller, I have no idea where the price is going from here, it could go to 0, but this is my outlook. I think over the short term there will be a lot of dips and a lot of volatility, but long term the trend is up in my opinion. Patience is key here, like I said in the beginning, 2021 is where we see the real bull run in my opinion.
With all that being said , never invest more than you can afford to lose, have good money and risk management, sit back and enjoy the ride cause it's a crazy one.
submitted by iDONATELLO to LitecoinMarkets [link] [comments]

Token Assetization and Equity Tokenization

Token Assetization and Equity Tokenization
https://preview.redd.it/cwn312nm5lv41.png?width=1400&format=png&auto=webp&s=50552d37aaaffd769c073626765c05bb28b1d9c7
In the traditional financial field, there has always been the concept of asset securitization, which means that some low-liquidity assets are combined into high-liquidity assets to support securities (Asset Backed Security). In the Blockchain industry, security tokenization (Security Tokenization) is very similar to the concept of asset securitization, which refers to the conversion of company’s stock claims or valuable assets such as real estate into tokens.
Since the ICO market was cold, STO has been one of the few hot spots that the market can hype. But after more than a year, the STO market has not been as hot as the ICO market. The reason behind it is that the entire ecosystem is still in the early stage of layout, token issuance, legal confirmation, compliance review, asset custody and transaction circulation All links are not connected.
The technology of the issuance of tokens is relatively mature, but the technical standards of most issuance platforms are not uniform, and the concepts are also different. Polymath is one of the leading technology service providers. As a technology platform, it collaborates with various partners such as investment banks, law firms, and auditors to build an ecosystem. The relative TrustToken, more want to build a closed system like Apple in the mobile phone world, one-handedly arrange technology platform, issuance and investment banking business, want to become an investment bank in the digital world.
In terms of compliance, different countries have their own regulatory agencies. For example, the United States has SEC and FINRA, and Hong Kong has SFC. But at present, most regulatory agencies are using the existing securities laws to regulate this market, rather than specifically designing laws and regulations for securitization tokens, which has caused many new problems. Traditional audits and law firms also need to cooperate with traditional regulatory agencies to formulate rules and review records before they can help project parties complete the issuance of tokens.
After that, it is a very important link. Asset custody can be said to be an uncultivated new section. So far, there has not been a mature custody service solution. There are many traditional financial institutions, such as Fidelity and Nomura Bank. Hit the opportunity in this sector, want to seize the opportunity. If the market can see an adequate insurance coverage for hot wallets and a relatively mature escrow solution in technology, then our entire securitization token ecosystem can really develop.
Finally, in terms of trading and circulation, although the concept has been hyped for more than a year, we still haven’t seen any securitization tokens circulating in the market. The latest case should be that the fund ’s security tokens are traded through OTC. Therefore, the entire ecology has not been opened, and there are serious problems in all links that need to be resolved.
STO is almost completely centralized. From the beginning, the right to confirm is to rely on offline centralized institutions to confirm the ownership of assets. On the Blockchain, only the mapped information. However, compared with traditional financial transactions, there are still many advantages. For example, transactions and settlements occur almost simultaneously, with short time and low execution costs. The most fundamental advantage of Blockchain is transparency and openness. Regulators can easily supervise the entire transaction behavior in an automated manner. When all tokens adopt unified standards, then global circulation can be achieved smoothly. There is also the “fragmented ownership” that is often mentioned by everyone: a famous painting may not have been recognized by traditional financial markets in the past, but when there is an STO, it can be simply traded in a fragmented way .
These are the advantages under ideal conditions. In the development of the real market, we still need to overcome several major problems: The first is that different countries and regions in the world have different laws and regulations, which are incompatible with each other, resulting in no way to talk about global liquidity. The second problem is that the scalability of the platform is insufficient, and public chains such as Ethereum are not enough to support the needs of securitization token transactions. The third point is that the standards for the issuance of tokens by various companies are not uniform. If there is no unified standard, then everyone will develop this technology in a split manner, and the market will not be able to get real development. In addition to technical problems, there is a more fundamental problem that is the assets themselves. We are now seeing the tokens being issued in most markets, which deal with some non-performing assets, or assets that are not high quality. When the entire market is flooded with When it comes to non-performing assets, compared with the original ICO market, this market can not get any substantial improvement. Therefore, the most important thing to solve in the entire market is the quality of the assets themselves.
The securitization market is still at a very early stage, with no liquidity and no technical standards. Under such circumstances, in addition to intervention and supervision, governments of all countries need to cooperate with each other and issue mutually recognized standards to regulate this market. Only when all governments recognize the difference between securitization tokens and traditional securities and carry out targeted supervision will this market be able to get real development.
Today in Bitcoin for ten years, the securitization token is an important new direction for the development of the Blockchain industry, but it is not the only direction. As someone said on the Internet, the future Blockchain will continue to divide, on one side is the ideal country, on the other is Wall Street. we shall continue to develop in harmony.
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submitted by BOTTOS_AI to Bottos [link] [comments]

You Asked for It: Fundamental Reasons for Crypto to Explode

No triangles or memes here but if we look at the graph that everyone knows, https://i.imgur.com/y2oqsV8.png, I can tell you why I believe we are in the bear trap phase, and not the despair phase.

Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky.

Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party “qualified custodian”. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please.

Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there).

China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China.

Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means.

Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support (couldn't show this with ETH because it hasn't been around long enough but we know ETH and BTC are correlated).
https://i.imgur.com/4gTu8fS.png

If we really are in a bear trap, I speculate the price could go to $4,200 by the end of 2020.

For those who want to follow me https://twitter.com/ScienceGuy9489
submitted by ScienceGuy9489 to ethtrader [link] [comments]

You Asked for It: Fundamental Reasons for Crypto to Explode

No triangles or memes here but if we look at the graph that everyone knows, https://i.imgur.com/y2oqsV8.png, I can tell you why I believe we are in the bear trap phase, and not the despair phase.
Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky.
Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party “qualified custodian”. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please.
Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there).
China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China.
Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means.
Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support
https://i.imgur.com/4gTu8fS.png
If we really are in a bear trap, I speculate the price could go to $100,000 by the end of 2020.
For those who want to follow me https://twitter.com/ScienceGuy9489
submitted by ScienceGuy9489 to CryptoCurrency [link] [comments]

Singapore's Message to Crypto Derivative Traders +Crypto News

Singapore's Message to Crypto Derivative Traders +Crypto News

Regulation news

  • Singapore’s financial regulator has proposed green-lighting crypto-token derivatives to list and trade on approved domestic exchanges, Bloomberg reported. Under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, it added.
  • Fidelity Digital Assets has won a New York trading license from the state’s financial regulator, reports Reuters (via the New York Times). The company has targeted the traditional investment sector with a range of cryptocurrency-related products since its inception last year. Fidelity said, per the same news agency, “We are seeing strong demand and greater diversity of client types. There are more traditional investors. When we started it was crypto funds and hedge funds.”
  • Grayscale, the operator of the public Grayscale Bitcoin Trust fund, has filed with the American Securities and Exchange Commission (SEC). If Grayscale is successful, it will become the first cryptocurrency fund ever to report to the financial regulator. Per a blog post, the company says that filing could help Grayscale reach new investors – with many wary of putting their money into unregulated trusts.
  • The Spanish financial regulator the National Securities Market Commission (known locally as CNMV) has added four cryptocurrency-related companies to its blacklist, per Criptonoticias. The CNMV says that the companies, Alycoin, FXTV, Terra Finance and Aurum Pro have failed to register with the authorities and are thus “operating illegally.” The regulator has warned investors “not to conduct transactions” with the companies, which, it says, fail to meet its requirements.
https://preview.redd.it/oh0mip6y4uz31.jpg?width=3500&format=pjpg&auto=webp&s=5e7f008fbc187b340a3d74607cf20fd47eac1503

Adoption news

  • The Venezuelan government says its Petro token’s coverage currently comprises 2,700 “affiliated businesses.” Per Criptopassion, Nicolás Maduro, the president of the country, recently announced that he expected that figure to “double in the coming months,” as the country continues its “crypto-economy” drive.
  • Edith Yeung of Proof of Capital told CNBC that the Chinese government has been "really thoughtful" about the digital currency electronic payment framework and its rollout. She says it will "definitely" be deployed within the next six to 12 months.
  • Storj Labs, which operates a beta storage service for developers, businesses and consumers, announced its Beta 2 release and pricing, taking aim at Amazon's AWS S3 cloud service with what it says is a more cost-effective and resilient approach.
  • Salesforce, a major provider of CRM (customer relationship management) solutions, said that Italian super car manufacturer Automobili Lamborghini is using Salesforce Blockchain to authenticate heritage Lamborghini cars.
  • The South Korean government health agency, the National Health Insurance Service, wants to launch a blockchain-powered medical insurance ID platform. The service’s recently appointed head says he wants to launch a mobile health insurance card that will do away with current paper-based solutions. The service says it “envisions a system” that makes use of blockchain technology, although it has not yet devised a “specific plan of action,” reports KMedInfo.
  • Dong-gu, a large neighborhood in the east of Busan, South Korea’s second-largest city, has expanded the reach of its new stablecoin, reports CJ Hello. The neighborhood has signed a deal with Medifun, a blockchain-powered healthcare provider that is headquartered in the city. The agreement will allow residents to pay medical bills and other expenses using Dong-gu’s e-BaguPay tokens – and says that foreign tourists will also be able to make use of the stablecoin.
  • South African commercial bank FirstRand Bank (FNB) has closed the bank accounts of a number of “major crypto exchanges,” according to media outlet MyBroadband. The media outlet says it has seen a letter from the bank stating that it has “risk appetite” concerns about cryptocurrencies, and will refuse to work with the exchanges in question, including VALR, Luno and ICE3X. However, the letter reportedly states that FNB will reconsider its position if the government provides regulatory clarity on crypto-related matters.

Investment news

  • Member of the Libra Association, Bison Trails, an infrastructure platform for a number of protocols and blockchains, said that they partnered with Blockchain Capital leading a USD 25.5 million Series A investment in Bison Trails, with participation of other investors also. This funding will enable Bison Trails to continue to scale their team and technology platform, the company said.
  • iSTOX, a security token platform, said it has secured USD 5 million in funding from Japan-based Tokai Tokyo Financial Holdings (Tokai) via Singapore subsidiary, Tokai Tokyo Global Investments.
submitted by dwoinik to u/dwoinik [link] [comments]

Looking back 18 months.

I was going through old emails today and came across this one I sent out to family on January 4, 2018. It was a reflection on the 2017 crypto bull market and where I saw it heading, as well as some general advice on crypto, investment, and being safe about how you handle yourself in cryptoland.
I feel that we are on the cusp of a new bull market right now, so I thought that I would put this out for at least a few people to see *before* the next bull run, not after. While the details have changed, I don't see a thing in this email that I fundamentally wouldn't say again, although I'd also probably insist that people get a Yubikey and use that for all 2FA where it is supported.
Happy reading, and sorry for some of the formatting weirdness -- I cleaned it up pretty well from the original email formatting, but I love lists and indents and Reddit has limitations... :-/
Also, don't laught at my token picks from January 2018! It was a long time ago and (luckliy) I took my own advice about moving a bunch into USD shortly after I sent this. I didn't hit the top, and I came back in too early in the summer of 2018, but I got lucky in many respects.
----------------------------------------------------------------------- Jan-4, 2018
Hey all!
I woke up this morning to ETH at a solid $1000 and decided to put some thoughts together on what I think crypto has done and what I think it will do. *******, if you could share this to your kids I’d appreciate it -- I don’t have e-mail addresses, and it’s a bit unwieldy for FB Messenger… Hopefully they’ll at least find it thought-provoking. If not, they can use it as further evidence that I’m a nutjob. 😉
Some history before I head into the future.
I first mined some BTC in 2011 or 2012 (Can’t remember exactly, but it was around the Christmas holidays when I started because I had time off from work to get it set up and running.) I kept it up through the start of summer in 2012, but stopped because it made my PC run hot and as it was no longer winter, ********** didn’t appreciate the sound of the fans blowing that hot air into the room any more. I’ve always said that the first BTC I mined was at $1, but looking back at it now, that’s not true – It was around $2. Here’s a link to BTC price history.
In the summer of 2013 I got a new PC and moved my programs and files over before scrapping the old one. I hadn’t touched my BTC mining folder for a year then, and I didn’t even think about salvaging those wallet files. They are now gone forever, including the 9-10BTC that were in them. While I can intellectually justify the loss, it was sloppy and underlines a key thing about cryptocurrency that I believe will limit its widespread adoption by the general public until it is addressed and solved: In cryptoland, you are your own bank, and if you lose your password or account number, there is no person or organization that can help you reset it so that you can get access back. Your money is gone forever.
On April 12, 2014 I bought my first BTC through Coinbase. BTC had spiked to $1000 and been in the news, at least in Japan. This made me remember my old wallet and freak out for a couple of months trying to find it and reclaim the coins. I then FOMO’d (Fear Of Missing Out”) and bought $100 worth of BTC. I was actually very lucky in my timing and bought at around $430. Even so, except for a brief 50% swing up almost immediately afterwards that made me check prices 5 times a day, BTC fell below my purchase price by the end of September and I didn’t get back to even until the end of 2015.
In May 2015 I bought my first ETH at around $1. I sent some guy on bitcointalk ~$100 worth of BTC and he sent me 100 ETH – all on trust because the amounts were small and this was a small group of people. BTC was down in the $250 range at that point, so I had lost 30-40% of my initial investment. This was of the $100 invested, so not that much in real terms, but huge in percentages. It also meant that I had to buy another $100 of BTC on Coinbase to send to this guy. A few months after I purchased my ETH, BTC had doubled and ETH had gone down to $0.50, halving the value of my ETH holdings. I was even on the first BTC purchase finally, but was now down 50% on the ETH I had bought.
The good news was that this made me start to look at things more seriously. Where I had skimmed white papers and gotten a superficial understanding of the technology before FOMO’ing, I started to act as an investor, not a speculator. Let me define how I see those two different types of activity:
So what has been my experience as an investor? After sitting out the rest of 2015 because I needed to understand the market better, I bought into ETH quite heavily, with my initial big purchases being in March-April of 2016. Those purchases were in the $11-$14 range. ETH, of course, dropped immediately to under $10, then came back and bounced around my purchase range for a while until December of 2016, when I purchased a lot more at around $8.
I also purchased my first ICO in August of 2016, HEAT. I bought 25ETH worth. Those tokens are now worth about half of their ICO price, so about 12.5ETH or $12500 instead of the $25000 they would be worth if I had just kept ETH. There are some other things with HEAT that mean I’ve done quite a bit better than those numbers would suggest, but the fact is that the single best thing I could have done is to hold ETH and not spend the effort/time/cost of working with HEAT. That holds true for about every top-25 token on the market when compared to ETH. It certainly holds true for the many, many tokens I tried to trade in Q1-Q2 of 2017. In almost every single case I would have done better and slept better had I just held ETH instead of trying to be smarter than Mr. Market.
But, I made money on all of them except one because the crypto market went up more in USD terms than any individual coin went down in ETH or BTC terms. This underlines something that I read somewhere and that I take to heart: A rising market makes everyone seem like a genius. A monkey throwing darts at a list of the top 100 cryptocurrencies last year would have doubled his money. Here’s a chart from September that shows 2017 year-to-date returns for the top 10 cryptocurrencies, and all of them went up a *lot* more between then and December. A monkey throwing darts at this list there would have quintupled his money.
When evaluating performance, then, you have to beat the monkey, and preferably you should try to beat a Wall Street monkey. I couldn’t, so I stopped trying around July 2017. My benchmark was the BLX, a DAA (Digital Asset Array – think fund like a Fidelity fund) created by ICONOMI. I wasn’t even close to beating the BLX returns, so I did several things.
  1. I went from holding about 25 different tokens to holding 10 now. More on that in a bit.
  2. I used those funds to buy ETH and BLX. ETH has done crazy-good since then and BLX has beaten BTC handily, although it hasn’t done as well as ETH.
  3. I used some of those funds to set up an arbitrage operation.
The arbitrage operation is why I kept the 11 tokens that I have now. All but a couple are used in an ETH/token pair for arbitrage, and each one of them except for one special case is part of BLX. Why did I do that? I did that because ICONOMI did a better job of picking long-term holds than I did, and in arbitrage the only speculative thing you must do is pick the pairs to trade. My pairs are (No particular order):
I also hold PLU, PLBT, and ART. These two are multi-year holds for me. I have not purchased BTC once since my initial $200, except for a few cases where BTC was the only way to go to/from an altcoin that didn’t trade against ETH yet. Right now I hold about the same 0.3BTC that I held after my first $100 purchase, so I don’t really count it.
Looking forward to this year, I am positioning myself as follows:
Looking at my notes, I have two other things that I wanted to work into this email that I didn’t get to, so here they are:
  1. Just like with free apps and other software, if you are getting something of value and you didn’t pay anything for it, you need to ask why this is. With apps, the phrase is “If you didn’t pay for the product, you are the product”, and this works for things such as pump groups, tips, and even technical analysis. Here’s how I see it.
    1. People don’t give tips on stocks or crypto that they don’t already own that stock or token. Why would they, since if they convince anyone to buy it, the price only goes up as a result, making it more expensive for them to buy in? Sure, you will have friends and family that may do this, but people in a crypto club, your local cryptocurrency meetup, or online are generally not your friends. They are there to make money, and if they can get you to help them make money, they will do it. Pump groups are the worst of these, and no matter how enticing it may look, stay as far away as possible from these scams. I even go so far as to report them when I see them advertise on FB or Twitter, because they are violating the terms of use.
    2. Technical analysis (TA) is something that has been argued about for longer than I’ve been alive, but I think that it falls into the same boat. In short, TA argues that there are patterns in trading that can be read and acted upon to signal when one must buy or sell. It has been used forever in the stock and foreign exchange markets, and people use it in crypto as well. Let’s break down these assumptions a bit.
i. First, if crypto were like the stock or forex markets we’d all be happy with 5-7% gains per year rather than easily seeing that in a day. For TA to work the same way in crypto as it does in stocks and foreign exchange, the signals would have to be *much* stronger and faster-reacting than they work in the traditional market, but people use them in exactly the same way.
ii. Another area where crypto is very different than the stock and forex markets centers around market efficiency theory. This theory says that markets are efficient and that the price reflects all the available information at any given time. This is why gold in New York is similar in price to gold in London or Shanghai, and why arbitrage margins are easily <0.1% in those markets compared to cryptoland where I can easily get 10x that. Crypto simply has too much speculation and not enough professional traders in it yet to operate as an efficient market. That fundamentally changes the way that the market behaves and should make any TA patterns from traditional markets irrelevant in crypto.
iii. There are services, both free and paid that claim to put out signals based on TA for when one should buy and sell. If you think for even a second that they are not front-running (Placing orders ahead of yours to profit.) you and the other people using the service, you’re naïve.
iv. Likewise, if you don’t think that there are people that have but together computerized systems to get ahead of people doing manual TA, you’re naïve. The guys that I have programming my arbitrage bots have offered to build me a TA bot and set up a service to sell signals once our position is taken. I said no, but I am sure that they will do it themselves or sell that to someone else. Basically they look at TA as a tip machine where when a certain pattern is seen, people act on that “tip”. They use software to see that “tip” faster and take a position on it so that when slower participants come in they either have to sell lower or buy higher than the TA bot did. Remember, if you are getting a tip for free, you’re the product. In TA I see a system when people are all acting on free preset “tips” and getting played by the more sophisticated market participants. Again, you have to beat that Wall Street monkey.
  1. If you still don’t agree that TA is bogus, think about it this way: If TA was real, Wall Street would have figured it out decades ago and we would have TA funds that would be beating the market. We don’t.
  2. If you still don’t agree that TA is bogus and that its real and well, proven, then you must think that all smart traders use them. Now follow that logic forward and think about what would happen if every smart trader pushing big money followed TA. The signals would only last for a split second and would then be overwhelmed by people acting on them, making them impossible to leverage. This is essentially what the efficient market theory postulates for all information, including TA.
OK, the one last item. Read this weekly newsletter – You can sign up at the bottom. It is free, so they’re selling something, right? 😉 From what I can tell, though, Evan is a straight-up guy who posts links and almost zero editorial comments.
Happy 2018.
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INSANE BITCOIN MOVE NOW!!??  Fidelity Investments INVESTING IN BITCOIN MINING!!! Secret Revealed How To Buy GBTC Stock on Fidelity Platform Free Money Easy Steps Fidelity Bitcoin Investment Fund - YouTube HUGE: Fidelity Investments Predicts A $1,000,000 Bitcoin ... The Greatest Guide To bitcoin investment thesis - Fidelity ...

Bitcoin Investment Fidelity Set to Roll Out Bitcoin Trading ‘Over the Coming Weeks’ Osato Avan-Nomayo · @OsatoNomayo May 06, 2019 17:00 . Share. Tweet. Send. Share. In addition to launching a custody service, Fidelity Investments appears set to debut Bitcoin (BTC) trading for institutional clients. The news comes amid reports of Ameritrade and E-Trade quietly testing BTC trading on ... Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative ... If Fidelity's new bitcoin fund can gain demonstrable traction with its existing clientele, it has the potential to be the next 1000 pound gorilla buying up more bitcoin than is being mined, thus a ... TrustedFidelity Investment You can Trust. Sign up. Video presentation. Sign up to create an account . Get it on PC or Mobile to create, send and receive cryptocurrency. Deposit/fund your Wallet. Fund your wallet with bitcoin or buy from our escrow. Investment. Enter the amount you want to invest. Minimum of $100. About Us. A Mining Company. WE ARE Solid Miners. Trusted Fidelity Investment is a ... At Fidelity Digital Assets SM, we have conversations with people at distinct stages in their digital asset journey who are proactively working on their investment thesis, seeking validation of their thesis, or have yet to embark on the process.In response, we are compiling a series of reports to examine the perspectives driving interest and investment in bitcoin today and those that may evolve ...

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INSANE BITCOIN MOVE NOW!!?? Fidelity Investments INVESTING IN BITCOIN MINING!!!

https://rebrand.ly/Goldco3 Sign up Now Get This Report on Bitcoin Investment Thesis - Fidelity Digital Assets, investment in bitcoin Goldco helps clients sec... Bitcoin Technical Analysis & Bitcoin News Today: Fidelity investments is investing in Bitcoin mining. Is it a good sign that these big institutions invest in mining Bitcoin? Also, is there a huge ... Bitcoin is now serving Fidelity (Biggest US Investment Company) https://rebrand.ly/rawealthpartners3 Get More Info Now The Greatest Guide To bitcoin investment thesis - Fidelity Digital Assets, invest in bitcoin What Is R... Top Cryptocurrency stock of 2018 GBTC Bitcoin Investment Trust 9.9% Bitcoin - Top 5 Marijuana stocks ... Secret Revealed How To Buy GBTC Stock on Fidelity Platform Free Money Easy Steps - Duration ...

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