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In a space full of worthless altcoins, Lisk (LSK) continues to remain one of the most promising crypto investments. Correction hit it hard, as the cryptocurrency almost came close to $ 1 from its all time high near $ 50. Very few altcoins with promising fundamentals can yield similar returns as Lisk (LSK). Even if it rises back to $ 50 from here, that is a 16x return! Given the future potential of Lisk (LSK) it is very unlikely that it will stop at $ 50.
Financial services giant Fidelity Investments recently detailed plans to pursue blockchain and cryptocurrency-related services, with a goal to release a product as soon as this year. During an event at the company’s Boston headquarters last Friday, Fidelity CEO Abigail Johnson specified, “We’ve got a few things underway, a few things that are partially done but […]
Wall Street is realizing the power of crypto. Fidelity Investments CEO Abigail Johnson announced on Friday that the fourth-largest asset management firm in the world with $ 2.5 trillion in assets under management plans to roll out cryptocurrency and blockchain products and services by end of 2018.
“We’ve got a few things underway, a few things that are partially done … We hope to have some things to announce by the end of the year,” said Johnson at Boston Fintech Week 2018.
Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity … Continued
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Due to stagnation on the ICO market and doubts around the existing investment model, investors prefer to abstain from major moves while waiting for a more favorable climate in the industry. The previous investment boom led to the collapse of the ICO bubble with Venture Capital traditions wrongly projected on the emerging ICO market. Ivan Aleksandrov, the CEO of Memorandum Capital, an investment company focused on ICOs and investing in blockchain-based assets, outlines the most problematic aspects of the existential crisis of the industry and makes predictions about further trends on the market based on his significant professional experience and personal observations.
Grayscale Investments, a crypto-focused investment fund, published its monthly holdings update this week, showing roughly $ 1.497 billion AUM, which is down slightly from the over $ 1.5 billion held on August 7. 08/30/18 UPDATE: Holdings per share and net assets under management for our investment products$ BTC $ BCH $ ETH $ ETC $ LTC $ XRP $ ZEC pic.twitter.com/OjIaG8209D — Grayscale (@GrayscaleInvest) August […]
U.S. Rep. Tulsi Gabbard (D-HI) has become the second congressperson to disclose cryptocurrency investments, reporting holdings of both ethereum and litecoin. Virginia Republican Robert Goodlatte became the first lawmaker to disclose cryptocurrency holdings in May. Gabbard reported purchasing between $ 1,000 and $ 15,000 of both ETH and LTC in a financial disclosure report filed with the clerk of
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Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings.
One company with a strong foothold in this investment space is Equity Trust, a financial services company that allows individual investors to diversify their retirement investment portfolios through asset class options like private equity, precious metals, tax liens and real estate among others. With over $ 25 billion in assets under custody and administration as of the end of 2017, Equity Trust’s self-directed retirement accounts have become a viable option for entrepreneurial investors seeking control over their wealth building activities.
The United States Securities and Exchange Commission (SEC) has postponed its decision on the Direxion Bitcoin exchange-traded fund (ETF) filing until September 2018. The SEC is yet to approve any of the Bitcoin ETF applications it has received despite the sustained clamor from various stakeholders.
SEC Delays Bitcoin ETF Decision Until September
Arca Inc., submitted a rule change filing to the SEC in January 2018 seeking approval to list and trade shares of five Direxion BTC ETFs. Direxion Asset Management LLC announced plans to list their Bitcoin ETFs on Intercontinental Exchange Inc’s NYSE Arca pending the approval of the SEC.
Barry Silbert’s Grayscale Investments has released an income report which defies the theory that lower Bitcoin prices mean less cash flowing into cryptocurrency.
Who Cares About Bitcoin Prices?
In its Digital Asset Investment Report, Grayscale revealed the highest rate of investment in its history — $ 250 million since January.
The rate of investment, especially in Bitcoin, actively increased throughout Q1 and Q2 — despite Bitcoin prices decreasing by over 50 percent during the same period. “As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of Bitcoin in 2009,” the report summarizes, continuing:
Cryptocurrencies have been playing an increasingly important role in the financial sector. Grayscale Investments is leading the charge in this regard. The crypto investment fund has launched several ventures over the years, and is now adding ZenCash to its portfolio.
ZenCash is a Rather Interesting Addition
While it is commendable to see entities such as Grayscale Investments introduce cryptocurrency investment to the masses, there is still a lot of work to be done. More specifically, the cryptocurrency industry remains relatively unappealing to the average user. Solutions provided by this investment firm may help shake things up a bit in the future.
Over the last year and a half the ICO scene has truly boomed, with all sorts of projects popping up here and there. In the last several months projects that seek to reform the ICO sector as a whole have attracted special interest. Monopoly.live is, undoubtedly, one of such projects. It is a decentralized platform for financing and developing various projects. If you are an investor, there you will find support and will be able to view and evaluate interesting and promising projects. If you are a start-upper, you will gain access to an audience and finances!
Why is the platform decentralized? The reason for this is that it makes the project as transparent as possible. All data regarding transactions and deals is stored in a specialized ledger that is accessible to all users of the system. Therefore, a model of collective investment gets a brand new realization. Among undeniable benefits of the model the following stand out the most:
Full protection of finances both during the investment process as well as in the project’s use of proceeds.
The sophisticated process of approval that allows the system to pick the most promising and beneficial for investors projects.
A legal support for the ICO. This removes the risk of a third-party influence the price of tokens during the initial token offering.
Our platform has its own tokens – MNP. Token holders will gain extra privileges on the platform, will have the ability to invest their tokens in start-ups and take part in voting on projects. Similarly to shares, the more MNP tokens you have, the more important your opinion is when making a decision.
The key feature of the platform is providing an opportunity for a project to grow and develop. Because of a special voting feature, any token holder can hold a public vote in order to attract more funds to a project. After this, the project goes through extra scrutiny, following which a new fundraiser round is launched. Following the end of the next stage of fundraising, all accounts are published on an open ledger where anyone can view the whole history of the project’s fundraiser.
According to our experts, such a platform allows to solve the following problems:
Drastically lowers the risks for investors. This is achieved through a decentralized decision-making process regarding issues related to projects’ development.
Increases expansion speed of both existing and new projects. Because blockchain technology is integrated into the fundraiser mechanism, the process of growth and allocation of financial assets boasts a maximum degree of automation. As a result, both scaling expenses and the risk of overspending are much lower.
Legalizes income for both investors and start-ups. All accounting expenses are covered by the platform, thus significantly reducing expenses of investors and other players on the market.
The project is likely to attract the attention of professionals in cryptocurrency investment, traders and, obviously, start-uppers who seek to raise funds for their project quickly.
Fidelity Investments is reportedly taking steps to offer a variation on the cryptocurrency exchange theme. Without an official public announcement, enthusiasts have precious few concrete details on which to hang hope. However, combine the retail legacy asset management company’s long time bullish attitude on bitcoin with what has been revealed this week through internal documents, and the spectre of a whale entering the ecosystem appears to be promising.
Global Blockchain is a platform and business model that provides investors access to an array of holdings within the emerging blockchain ecosystem. Global Blockchain’s ethos is to streamline the process that interested participants need to undergo to gain exposure to the space with intending to becoming the backbone originator and manager of blockchain technology and virtual currencies.
Liechtenstein-based Bank Frick is now giving its clients the ability to buy Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum, while also promising to secure their cryptocurrency purchases from cyber attacks with backed-up cold-storage wallets.
You Don’t Have to ‘Be Your Own Bank’
While many of Europe’s larger banks have taken a negative stance towards digital currencies, Bank Frick – a small independent family-run bank in Liechtenstein – is opening its doors to clients looking to invest in the young cryptocurrency market. Explained Chief Client Officer Hubert Büchel:
As a crypto investor, do you often find it very hard to keep track of your many coins and investments? Wouldn’t you like a way to see all your holdings easily, and buy and sell different coins with the click of a button? Here’s how Saifu could help.
Saifu – Taking Cryptocurrencies Mainstream
Wallets, private keys, accounts, addresses; most of us have gone through all that before. Securing and keeping track of all of our crypto holdings can seem daunting at times. Setting up different wallets for different coins can be exhausting even for the veterans in the field – having to download and install a new piece of software every time you make a new investment isn’t exactly convenient. Fortunately, a new service called Saifu could change this.