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If you’d invested 1 BTC in the shares of any of these banks 5 years ago, and you sold your shares in order to buy BTC again today — you would get about minus 89.5% profit (i.e., money from the sale of shares JP Morgan today cost now equivalent to buying 0.1 BTC). It turns out that in the long run it is more profitable to invest in BTC than in shares of traditional banks.
Bitcoin is so-called “digital gold”, implying its attractiveness as a protective financial asset.
Read full article or {TWEET THIS} by Valeriya
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Crypto fund returns will differ vastly depending on the strategies they use. Is the benchmark of that fund, for example, USD, or a crypto index? "Market-neutral" investment strategies like arbitrage and market-making are commonly benchmarked against the US dollar--they should go up regardless of the direction of the underlying crypto assets like Bitcoin, because they are trading on market inefficiencies rather than the direction in which crypto is going -- while "Directional" strategies such as early-stage crypto assets, including ICOs and IEOs when appropriate, and equity, may be best benchmarked against a crypto index.
Read full article or {TWEET THIS} by Joe DiPasquale
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A research conducted jointly by consultancy firm Capgemini and BNP Paribas Bank states that the total volume of digital payments is estimated to reach 726 billion transactions by 2020. With crypto acceptance still at a humble 2%, the share of cryptocurrencies in the global digital payments pie is relatively small, albeit growing.
Payments technologies are going through multiple disruptive innovations, and uptake of crypto as a medium of transaction will take time. To put it in perspective, credit cards took nearly ten years to become an acceptable mode of transaction. And crypto as a payment option is just getting started. The conventional solutions in use today, such as Visa, MasterCard etc. are centralized in their structure and hence have singular points of failure.
Read full article or {TWEET THIS} by Matthew Markham
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Cryptocurrency is not perfect, but it’s fair to argue that cryptocurrency’s inherent value is greater than a fiat dollar.
We’ve discussed the volatility that comes with fiat currency. Value is only as strong as its perception, with no tangible, underlying basis to stave off hyperinflation.
One concept that makes cryptocurrency inherently valuable is the same that made gold a reliable store of value: it is scarce. Scarcity serves as an anchor preventing any government from printing oodles of paper money, in doing so diluting the value of each new bill they print.
Bitcoin is a prime example of how scarcity creates value. The creator (or creators) of Bitcoin coded the cryptocurrency so that the maximum amount of Bitcoins that can be ‘mined’ is fixed at 21 million. This limit makes each individual coin scarce, and in turn valuable.
Read full article or {TWEET THIS} by Marco Streng
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Hello there, fellow traveler. Welcome aboard this crypto journey. You’re going to have a whale of a time. Now the first thing that you need to get started is obviously cryptocurrency assets themselves; preferably those in the top 10 by market cap.
The major cryptocurrencies (Bitcoin, Ethereum and XRP) are considered as stores of value, sometimes as a medium of payment and often as a trading currency for purchasing other crypto assets from exchanges. So how do you get your hands on them? One way is to convince any of your crypto-savvy friends to gift or lend you a part of their stash. For the less fortunate, there’s always the option of purchasing crypto through fiat currency from an exchange.
Read full article or {TWEET THIS} by Abhijoy Sarkar
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Cost basis is a traditional accounting term that refers to the purchase price + fees + other associated purchase costs. The core of “basis” is the same for cryptocurrency cost as it is for traditional cost basis for calculating gains & losses. Essentially, anyone and everyone that makes a profit is expected to pay annual taxes on capital gains.
Traditionally, when calculating gains and losses, professionals will rely on general ledger software such as Quickbooks, accompanied by spreadsheets, calculators and lots of manual data entry and calculations. Additionally, traditional cost basis has clear regulations for tax obligations and compliance, while also having a more understandable financial ecosystem.
Read full article or {TWEET THIS} by Adam Efrima
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“Digital payments are expected to top 700 billion dollars next year,” commented Fintech Bermuda, “and we want to be at the forefront of the next wave of technology that makes that possible. Bermuda is committed to researching, testing and developing an open financial ecosystem.
With our Currency Standard initiative we’re trying to democratize finance, allowing greater access to financial services and providing an example and test case for the world.”
Read full article or {TWEET THIS} by Jordan French
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We’ve discussed some of the internals components of the architecture of centralized crypto exchanges. In essence, there are four key components that are relevant in the behavior of centralized crypto exchanges:
Hot Wallets: Hot wallets are typically the main interaction point between external parties and an exchange. Exchanges use this type of wallets to make an asset available to trade.
Cold Wallets: Exchanges use cold wallets as a secured storage of crypto-assets. This type of wallets typically hold larger amounts of assets that are not intended to be traded frequently.
Deposit Addresses: Deposit addresses are, often temporary, on-chain addresses used to transfer funds into an exchange. The focus of this type of address is to facilitate user to exchange money flows.
Withdrawal Addresses: Withdrawal addresses are, often temporary, on-chain addresses that are used to transfer funds out of the main exchange wallet. Sometimes withdrawal addresses can play a dual role as deposit addresses.
Read full article or { TWEET THIS} by Jesus Rodriguez
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The original purpose of ICOs was to take away the monopoly of fundraising away from stock exchanges and brokerage firms. An IEO is well explained in that scene of Wolf of Wall Street, when they opened an IPO for Steve Madden shoes.
Remember when a centralized entity is responsible for issuing a new stock? It probably has a vast interest in pumping that price, but is it legal in the traditional financial space?
Read full article or {TWEET THIS} by Benjamin
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Today we wanna show you our view of BTC/USD and situation on the market.
We move inside the falling wedge , we just reached the price of $7280 and it is a good support and at this point several indicators intersect:
1. 61.8% fibonacci level;
2. Falling wedge support line;
3. Diagonal support line formed by 4 points.
I think we will continue to move inside this wedge and even a possible false break up this wedge .
Soon we will talk about the New Year rally, which is likely to be in the black triangle in the range $6800-8400.
Now you can observe the intersection of the two main MA 200 and 50 - and this is called death cross - a signal for falling.
Read full article or {TWEET THIS} by Sergey Baloyan
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Have a great weekend,
Utsav from Hacker Noon 👨💻 |
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