This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

Perlin’s PERL cryptocurrency looks to make shipping easier, but could also democratize the proof-of-stake model.
Source: worldnewsoffice
This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

Related posts

This Haven Asset is Beating Bitcoin amid Recession Fears

This year’s run-up in the bitcoin price has been attributed to numerous factors: the US-China trade war, bold monetary easing by central banks, a weakening Chinese Renminbi, Facebook’s plans to launch its cryptocurrency, as well as manipulation via Tether’s USDT stablecoins. But a recession is still not one of those catalysts.

The benchmark - continues to trend in the negative area as rating agencies send high alerts for the US economy. The BTC/USD instrument this week toppled by as much as 17.94 percent to $9,470 on San Francisco-based Coinbase exchange. At its year-to-date high, the pair was trading at $13,868.44.

bitcoin, btc usd

Bitcoin looking to close the week on double-digit percentage losses | Image Credits: TradingView.com

The downside move appeared despite a constant projection of bitcoin as a safe- – assets which attract investors in times of dwindling price behaviors in the US economy. Supporters believe that bitcoin, which is a non-sovereign, non-correlated asset, would serve as a perfect hedge for investors looking to offload their risks on assets. Nevertheless, its performance this week did not reflect any resembling sentiment.

US Treasuries Bitcoin

On the contrary, US Treasuries became a hot property for investors lately. They appear to have shunned risk assets – which might include bitcoin – and are prompting debt instruments to register their best month since 2015.

US 10 year treasury

The Yield on US 10 Year Treasury Note Falls to 2015 Levels | Image Credits: Bloomberg

The yield on the benchmark US 10-year Treasury note has dropped by 46 basis points – 0.46 percent – so far in August. That indicates growth in demand for medium-term debt trades from investors, especially after trade-exposed economies of China and Germany have posted weak economic data which sent yield of US 10-year government bonds below that of shorter-term maturity debt. It’s a sign of a deep recession, based on historical market behaviors.

The trend shows investors are willing to put their money in low-risk havens. Bitcoin, despite its higher returns in 2019, is still looked at as a very volatile asset, with a higher risk-reward ratio than other safe-havens. Adding to the fact that the cryptocurrency has not witnessed a recession in its 10-year of existence, it explains why investors are avoiding the test-and-see approach.

“It’s like maybe BTC is strong enough to swim in the pool right now but not in the ocean,” said Travis Kling, the founder of Ikigai Asset . “Maybe BTC can rally with gold when it’s about tariffs but not when its about global growth slowdown.”

Trust Boost

Despite bitcoin’s shortcoming, many on Wall Street still sees the cryptocurrency as a perfect safe-haven against the macroeconomic slowdown. Fundstrat Global Advisors’ Tom Lee referred to the socio-political turmoils taking place in Argentina and Hong Kong. He said that bitcoin is already acting like a hedge in those regions, adding:

“You can see it in the markets. Where there’s turmoil, the local Bitcoin prices tend to surge and trade at a premium, because people are trying to find ways to protect their money.”

The post This Haven Asset is Beating Bitcoin amid Recession Fears appeared first on NewsBTC.


Source: newsbtc
This Haven Asset is Beating Bitcoin amid Recession Fears

Related posts

This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

Perlin’s PERL cryptocurrency looks to make shipping easier, but could also democratize the proof-of-stake model.
Source: coindesk
This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

Related posts

Griffin Asset Management INC Maintains Position in Universal Display Corp (OLED) – The Altcoin Mercury

INC Maintains Position in Universal Display Corp (OLED)  The Altcoin MercuryInvestors sentiment increased to 1.14 in Q1 2019. Its up 0.11, from 1.03 in 2018Q4. It improved, as 27 investors sold OLED shares while 94 reduced holdings.
Source: worldnewsoffice
Griffin Asset Management INC Maintains Position in Universal Display Corp (OLED) – The Altcoin Mercury

Related posts

A New Value Asset Class in the Decentralised Data World – Identity – Entrepreneur

A Class in the Decentralised Data World – Identity  EntrepreneurThe ability of decentralising one’s identity within a world is a captivating idea subject to fierce debate. For one, it’s questionable whether a practical …
Source: worldnewsoffice
A New Value Asset Class in the Decentralised Data World – Identity – Entrepreneur

Related posts

Crypto Asset Activities Fall Under Rhode Island’s Money Transmission Laws

Rhode Island has been putting effort towards clearing defining the regulatory framework of cryptocurrencies. The main question that has since stumped the U.S. state in England is whether the virtual can be classified as money or some monetary that falls under their transmitter laws. Since the passing of Bill 5847 in July […]
Source: bitcoinexchangeguide
Crypto Asset Activities Fall Under Rhode Island’s Money Transmission Laws

Related posts

Digital Asset Management Products, Algoz and Alpha Pro, to Test Launch on UltrAlpha Platform

Coinspeaker
Digital Asset Management Products, Algoz and Alpha Pro, to Test Launch on UltrAlpha Platform

UltrAlpha, the innovative comprehensive service platform, announced that Algoz, the cryptocurrency arm of an algorithm-based trading company Fingenom Group, will join its upcoming test platform launch. Alpha Pro, another asset manager with a founding members of being seasoned Wall Street insiders as well as blockchain pioneers, is also launching its digital asset management product on the UltrAlpha.

Current Development in Digital Asset Management Service Industry

With increasing recognition of digital assets all across the globe, a growing number of professional investment institutions are actively looking for opportunities to enter the digital asset market. However, one of key challenges in the space is that potential investors have limited access to suitable financial products for their investment consideration, while trading teams or digital asset find it difficult to get to the right investors for fundraising. This is mostly due to the lack of formal broker dealer structure in the digital asset space.

In the traditional finance industry, broker dealers play an integral role in the capital market where they connect potential investors with eligible investment products, as well as support clients in their trading and capital raising . However, this broker dealer function is yet to be fully developed in the digital asset industry with less clarity on overall regulatory framework.

Furthermore, with lack of mature market structure and nascent development stage, the digital asset trading market has been quite volatile with inconsistent liquidity and inefficient price discovery, especially during the recent months of rapid price recovery led by bitcoin after the earlier harsh crypto winter. This unpredictable market condition has proved challenging for certain fund managers to generate consistent return, while turned out to be more opportunistic for other trading firms with volatility- strategies.

The Strategic Partnership between Two Top-tier Asset Mangers and One Innovative Service Platform

Driven by the market needs, UltrAlpha is seeking to build out its comprehensive product offering and service capabilities as an innovative digital asset management service platform through the strategic partnership with two industry top-tier asset managers, Algoz and Alpha Pro.

UltrAlpha

Building on deep strategic collaboration with all the top-tier digital asset exchanges and brokers, UltrAlpha strives to provide investors with a professional investment platform for selecting quality investment products, as well as to effectively support fund raising and other admin needs of trading teams and crypto funds. The wide range of fund administrative services for trading teams and funds can include but not limited to account management, performance auditing, PL reporting, asset transfer, etc.

UltrAlpha’s core teams of technology and operations come from traditional finance, Internet and Blockchain industries with solid experience in quant modeling, infrastructure buildout and digital asset trading operations.

Computer science major from Carnegie Mellon University, Han Liu, CEO of UltrAlpha, has developed his successful career in traditional asset management industry from BlackRock to AQR Capital Management specializing in institutional application and platform development. Christina Jin, CMO of UltrAlpha, graduated from University of Auckland and York University, with degree in Digital Marketing. Christina co-founded Ankr Network project and was nominated as the first CMO of Ankr project.

AlgoZ

AlgoZ is a part of the Fingenom Group – a company which stands for cracking the code of investments and creating the world’s quality trading algorithms. Equipped with Fingenom’s propriety trading algorithms, AlgoZ team of professional traders, with over a decade of experience in proprietary trading and deep understanding of both traditional and crypto markets, strives to provide AlgoZ clients with well-rounded trading solutions 24 by 7.

For specific trading product as part of UAT test launch, Algoz deploys Long/Short Alpha Links strategy to examine statistical differences and correlations between various crypto asset pairs for trading signals based on Algoz traders’ deep understanding of the crypto markets and their momentum drivers.

Alpha Pro

Alpha Pro will bring its dynamic market making and arbitrage strategies with solid track record to the UltrAlpha Platform. To cope with high volatile market, the trading strategies have more than 20 trading parameters that can be fine-tuned to adapt to a different market within very short period of time.

To balance the risk and optimize the return, the strategies employ strong set of risk control mechanism with built-in delta-neutral consideration, stop loss and adjustable market sensitivity and automatic trading volume control.

Building on its experience with Forex trading, Alpha Pro team aims to create the optimal path of arbitrage loop with efficient price discovery across different exchanges to optimize the return.

Conclusion

The strategic partnership of UltrAlpha with both Alpha Pro and AlgoZ trading teams is critical to the UAT platform further building out the necessary market structure to serve user needs as well as to support longer-term platform growth.

By connecting potential investors with digital asset managers and providing -added fund admin services, UltrAlpha has clearly set itself as a pioneer as professional service provider in the expansion and development of this newly developing digital asset management space.

Han Liu, CEO of UltrAlpha, said:

“While UltrAlpha aims to build a service platform which provides investors with a broad selection of quality digital asset management products, we do not provide direct investment advice for investors. But it is a wise choice to leverage our platform and identify the products that suit their investment need.”

Digital Asset Management Products, Algoz and Alpha Pro, to Test Launch on UltrAlpha Platform


Source: coinspeaker
Digital Asset Management Products, Algoz and Alpha Pro, to Test Launch on UltrAlpha Platform

Related posts

Digital Asset Management Products, Algoz and Alpha Pro, to Test Launch on UltrAlpha Platform

UltrAlpha, the innovative comprehensive service platform, announced that Algoz, the cryptocurrency arm of an algorithm-based trading company Fingenom Group, will join its upcoming test platform launch. Alpha Pro, another asset manager with a founding members of being seasoned Wall Street insiders as well as blockchain pioneers, is also launching its digital asset product on the UltrAlpha.

1.Current Development in Digital Asset Management Service Industry

With increasing recognition of digital assets all across the globe, a growing number of professional investment institutions are actively looking for opportunities to enter the digital asset market. However, one of key challenges in the space is that potential investors have limited access to suitable financial products for their investment consideration, while trading teams or digital asset find it difficult to get to the right investors for fundraising. This is mostly due to the lack of formal broker dealer structure in the digital asset space.

In the traditional finance industry, broker dealers play an integral role in the capital market where they connect potential investors with eligible investment products, as well as support clients in their trading and capital raising . However, this broker dealer function is yet to be fully developed in the digital asset industry with less clarity on overall regulatory framework.

Furthermore, with lack of mature market structure and nascent development stage, the digital asset trading market has been quite volatile with inconsistent liquidity and inefficient price discovery, especially during the recent months of rapid price recovery led by bitcoin after the earlier harsh crypto winter. This unpredictable market condition has proved challenging for certain fund managers to generate consistent return, while turned out to be more opportunistic for other trading firms with volatility- strategies.

2. The Strategic Partnership between Two Top-tier Asset Mangers and One Innovative Service Platform

Driven by the market needs, UltrAlpha is seeking to build out its comprehensive product offering and service capabilities as an innovative digital asset management service platform through the strategic partnership with two industry top-tier asset managers, Algoz and Alpha Pro.

UltrAlpha

Building on deep strategic collaboration with all the top-tier digital asset exchanges and brokers, UltrAlpha strives to provide investors with a professional investment platform for selecting quality investment products, as well as to effectively support fund raising and other admin needs of trading teams and crypto funds. The wide range of fund administrative services for trading teams and funds can include but not limited to account management, performance auditing, PL reporting, asset transfer, etc.
UltrAlpha’s core teams of technology and operations come from traditional finance, Internet and Blockchain industries with solid experience in quant modeling, infrastructure buildout and digital asset trading operations. Computer science major from Carnegie Mellon University, Han Liu, CEO of UltrAlpha, has developed his successful career in traditional asset management industry from BlackRock to AQR Capital Management specializing in institutional application and platform development. Christina Jin, CMO of UltrAlpha, graduated from University of Auckland and York University, with degree in Digital Marketing. Christina co-founded Ankr Network project and was nominated as the first CMO of Ankr project.

AlgoZ

AlgoZ is a part of the Fingenom Group – a company which stands for cracking the code of investments and creating the world’s quality trading algorithms. Equipped with Fingenom’s propriety trading algorithms, AlgoZ team of professional traders, with over a decade of experience in proprietary trading and deep understanding of both traditional and crypto markets, strives to provide AlgoZ clients with well-rounded trading solutions 24 by 7.
For specific trading product as part of UAT test launch, Algoz deploys Long/Short Alpha Links strategy to examine statistical differences and correlations between various crypto asset pairs for trading signals based on Algoz traders’ deep understanding of the crypto markets and their momentum drivers.

Alpha Pro

Alpha Pro will bring its dynamic market making and arbitrage strategies with solid track record to the UltrAlpha Platform. To cope with high volatile market, the trading strategies have more than 20 trading parameters that can be fine-tuned to adapt to a different market within very short period of time.
To balance the risk and optimize the return, the strategies employ strong set of risk control mechanism with built-in delta-neutral consideration, stop loss and adjustable market sensitivity and automatic trading volume control.
Building on its experience with Forex trading, Alpha Pro team aims to create the optimal path of arbitrage loop with efficient price discovery across different exchanges to optimize the return.

3. Conclusion

The strategic partnership of UltrAlpha with both Alpha Pro and AlgoZ trading teams is critical to the UAT platform further building out the necessary market structure to serve user needs as well as to support longer-term platform growth. By connecting potential investors with digital asset managers and providing -added fund admin services, UltrAlpha has clearly set itself as a pioneer as professional service provider in the expansion and development of this newly developing digital asset management space. “While UltrAlpha aims to build a service platform which provides investors with a broad selection of quality digital asset management products, we do not provide direct investment advice for investors.” said Han Liu, CEO of UltrAlpha. “But it is a wise choice to leverage our platform and identify the products that suit their investment need.”

Larger Asset Managers Less Equipped To Generate Higher Returns

Global institutional investors say bureaucracy and a risk-averse approach is impeding the ability of to generate higher returns mohamed_hassan / Pixabay (London, August 2019) Institutional investors think managers are less able than smaller, boutique firms to deliver alpha, research shows.   Q2 hedge fund letters, conference, scoops etc A CoreData […]
Source: bitcoinwarrior
Larger Asset Managers Less Equipped To Generate Higher Returns

Related posts

Driven by Market Demand, UltrAlpha Introduces Professional Asset Management Services to Digital Asset Space

UltrAlpha, a professional service platform, announced the public sale of its native platform token (UAT) starting from August 12, 2019. With Han Liu, former VP at a $200B+ hedge fund giant as CEO, and Christina Jin, Co-founder of Ankr Network as CMO, UltrAlpha is designed to leverage the deep experience from both traditional finance and blockchain industries, and bring in a broad range of investment/trading products as well as fund admin services to different participants in the asset management .

  1. Asset Management – Increasing Market Demand in Digital Asset Space

Asset management typically refers to the management of investments on behalf of others.  Factoring into investors’ investment objectives, horizon and their risk tolerance, the process in principle is designed to optimize asset allocation and achieve investment appreciation over a certain period of time while mitigating risk.

With the global policy development and adoption of digital assets underway, more professional asset management institutions are entering the digital asset trading market with different trading and investment strategies. In the meantime, more investors are contemplating on how to deploy their capital into this asset class. However, due to the lack of formal broker-dealer structure in the digital asset industry, potential investors have limited access to good digital asset financial products for their investment needs. For digital asset trading teams or investment firms, it is also challenging for them to identify and reach out to the right investors for fundraising. As a result, there is a strong market demand for professional digital asset management service platform to not only give the potential investors a list of quality products or strategies for their selection but also effectively support fundraising and other fund admin services required by digital asset like trading teams and funds.

  1. UltrAlpha (UAT) – Multi-service Platform Built upon Robust Infrastructure and Deep Understanding of Client Needs

Under current market conditions, digital asset exchanges are probably the most effective among all market participants to connect and serve both trading clients and investors. Built upon deep strategic collaboration with  top tier digital asset trading platforms and brokers, UltrAplha is launching a professional investment management service platform aiming to provide potential investors with access to quality products based on their risk/return needs as well as  trading teams and digital asset managers with a variety of fund admin services, including but not limited to account management, performance auditing, PL reporting, asset transfer, etc.

As a professional digital asset management service platform, the UltrAlpha team have made its core mission to build out a multi-service platform based on process efficiency, robust infrastructure, and deep understanding of client needs and goals.

UAT platform’s comprehensive service offering to trading/asset management teams:

  • Work with all the professional asset management and trading teams to coordinate the launch of their investment/trading products.
  • Seek to open up all those products to top-tier digital asset exchanges or trading platforms.
  • A series of professional fund admin services, ranging from account management, performance audit to PL reporting as well as various other administrative support services per request.

UAT platform’s comprehensive service offering to fund investors:

  • Conduct independent due diligence (“DD”) on asset management fund and share DD result per request.
  • Provide wallet management service for each investment product to safeguard client asset. Conduct fund performance audit and PL reporting for each investment product.
  • Investors can utilize and consume UAT token on the platform for any inquiry, transfer, redemption and other administrative operational services on an ad-hoc basis.
  • The of the UAT platform are of a supporting service nature, solely restricted to connecting trading teams/funds with their end customers, and shall not carry out any fund/securities management, financial advisory, investment, brokerage, deposit-taking or banking .
  1. Seasoned Team Building Unique Ecosystem with Innovative Token Economics

UltrAlpha’s core teams of technology and operations come from traditional finance, Internet and Blockchain industries with solid experience in quant modeling, infrastructure buildout and digital asset trading operations.

Computer science major from Carnegie Mellon University, Han Liu, CEO of UltrAlpha, has developed his successful career in traditional asset management industry from BlackRock to AQR Capital Management specializing in institutional application and platform development. Christina Jin, CMO of UltrAlpha, graduated from University of Auckland and New York University, with a degree in Digital Marketing. Christina co-founded Ankr Network and was nominated as the first CMO of Ankr project.

Furthermore, the UltrAlpha team has introduced the platform native utility token, UAT, and integrated into the platform ecosystem to facilitate payment and incentive programs for all the services between the participants on the UAT platform. Dr. George Cao, Co-founder & CEO of BitMax.io (BTMX.io),  shared his expertise and provided critical strategic advice on the overall design of token economics and model. BitMax.io has been widely recognized by the industry for its very first introduction of the “Transaction-mining & Reverse-mining” mechanism and has successfully established itself as the leading digital asset trading platform. Its highly reputable token economics has built-in incentive mechanisms, including reverse-mining and token consumption to balance the demand and supply and the design of Data Usage Reward Distribution Pool that supports longer-term token value. (Please note that BitMax.io and UltrAlpha are completely two separate businesses).

Conclusion

In summary, the launch of UltrAlpha is a promising indicator where the digital asset industry is further building out the necessary market components to serve dynamic changing needs and support longer-term industry growth. By connecting potential investors with digital asset managers and providing value-added services over the robust and transparent platform, UltrAlpha has clearly set a new standard for a professional service provider in the expansion and development of this new digital asset management space.

The post Driven by Market Demand, UltrAlpha Introduces Professional Asset Management Services to Digital Asset Space appeared first on NewsBTC.


Source: newsbtc
Driven by Market Demand, UltrAlpha Introduces Professional Asset Management Services to Digital Asset Space

Related posts