“It Is Irresponsible For Institutions Not To Have Exposure To Bitcoin,” Says Anthony Pompliano

“We well be at the dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday. Things took a big turn on Monday China’s currency yuan tumbled below 7 USD, for the first time in a decade. […]
Source: bitcoinexchangeguide
“It Is Irresponsible For Institutions Not To Have Exposure To Bitcoin,” Says Anthony Pompliano

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Cool mainstream exposure for BAT

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Unique Zero-Fiat ‘Bitcoin Bond’ Debuts on Bloomberg Terminal

Bitcoin investment

The range of Bitcoin investment options for institutional and retail investors continues to as two European companies a -fiat Bitcoin Bond on Bloomberg Terminal.


This one is for the HODL Crowd

A recently published press release shows that the London Block Exchange (LBX) and Argento have partnered to develop a zero-fiat bond which is denominated in Bitcoin. The UK and Luxembourg-based companies proudly proclaimed that the product is the first ever Bitcoin Bond in existence and according to Argento manager Phil Millo, “The large investment banks really the ball on this one.” 

 

What makes the bond unique is that it is the first regulated cryptocurrency financial product with a dedicated ISIN code and the bond offers zero fiat exposure to investors. Accessible via the Bloomberg Terminal, the product is specifically targeted toward long investors and LBX CEO Benjamin Davies describes the bond being the most suitable for Bitcoin investors looking to grow their long-term Bitcoin wallets in an institutional grade environment where their holdings are not exposed to traditional currency market fluctuations. 

Institutional Grade Crypto Products Ground Everywhere Except the U.S.

The bond is regulated by the United Kingdom’s Financial Conduct Authority (FCA) and Argento has cleverly titled the various bond durations ‘FOMO’, ‘HODL’, and ‘MOON’, each of which is a standard crypto-oriented acronym commonly used by members of the cryptocurrency community.  

Keen investors will note that while the FCA has been stringent in regulated crypto-based financial products and putting a stop to crypto scams, the approval of the zero-fiat bond eclipsed Bakkt’s thrice-delayed debut. Institutional grade crypto-investment products are steadily racking up approvals worldwide as the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to drag their feet in approving institutional grade crypto-products like Bakkt’s Bitcoin exchange and the long-awaited Bitcoin-based Exchange Fund (ETF). 

Another recent setback to note is Binance’s announcement that US-based users would be barred from using the exchange starting in September as a number of the digital assets listed on the exchange cannot be legally offered to U.S.-based investors. Binance CEO Changpeng Zhao explained that the company intends to launch a regulatory-compliant of  Binance through its partner BAM but exact details of the exchange and its launch date have yet to be released.  

Do you think investors will rush into this new zero fiat Bitcoin Bond? Share your thoughts in the comments below! 


Images via Shutterstock, Coveware.com

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Unique Zero-Fiat ‘Bitcoin Bond’ Debuts on Bloomberg Terminal

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Tooling to analyse Bitcoin/Crypto exposure in mainstream media, exposure is increasing

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Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks

Nasdaq

Nasdaq has partnered with an Estonian digital trading platform to launch the first Ethereum based stocks regulated under European Union laws on January 7.


EU Regulated Stock Trading On Ethereum

In a press release Thursday, DX Exchange confirmed it would offer users the option to trade big-name stocks using tokens on the Ethereum blockchain via smart .

The product of a multi-way partnership, the launch will make DX the only exchange licensed to offer tokenized stock products in the EU.

“Digital stocks combine the best of both worlds: blockchain technology and stock investments,� the release reads.

Digital stocks are backed 1:1 to real-world stocks traded on conventional stock exchanges. You purchase tokens for leading assets that you choose to invest in, such as Google, Amazon, etc. Therefore, when you are a token holder, you own shares of the company.

DX stressed that the new stocks were tantamount to physical exposure, in contrast to trading contracts for difference (CFDs).

https://platform.twitter.com/widgets.js

Another Crypto Outlet For Nasdaq

To realize the project, the exchange has partnered with Nasdaq and will use Financial Information exchange (FIX) protocol, in line with the majority of firms active in the market.

The stocks to back the tokens will be acquired by “exclusive� partner MPS MarketPlace Securities Ltd.

The company “issues tokens that represent stocks on (the) Ethereum blockchain via smart contracts, and buys and holds real-world stocks according to demand,� DX explains.

…The tokens offered for sale will be based on leading public company shares listed on the biggest exchanges like NASDAQ, NYSE, Hong Kong Exchange and Tokyo Stock Exchange.

Nasdaq itself is rumored to begin offering Bitcoin futures in the first half of this year, while New York Stock Exchange owner Intercontinental Exchange is on track to launch physical futures contracts later in January.

This meanwhile also saw Galaxy Digital founder and CEO Mike Novogratz increase his shareholder stake to 80 percent of the cryptocurrency merchant bank.

What do you think about DX Exchange’s tokenized stocks? Let us know in the comments below!


Images courtesy of Shutterstock

The post Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks appeared first on Bitcoinist.com.


Source: bitcoinist
Nasdaq and Estonia’s DX Exchange To Launch Ethereum Tokenized Stocks

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Will Pension Funds Soon Be Investing in Crypto?

Pros and Cons of Pension Fund Investors Entering Crypto

The rumor circulating in the investment industry is that pension funds are buying crypto. Is a multi-million dollar pension fund finally prepared to give investors exposure to cryptocurrencies? And if so, what will this mean for the burgeoning asset class?

Also Read: Morgan Creek Launches Digital Asset Index Fund for Institutional Investors

Typical Pension Fund Investment Strategy

Will Pension Funds Soon Be Investing in Crypto?The largest 300 pension funds collectively hold $6 trillion in assets. It is highly unlikely that a global pension and endowment fund has engaged in crypto investing in 2018. Why? Well one obvious reason is due to the funds being subject to heavier saver or investor protection regulations. Pension funds have large amounts of cash to invest and are the major investors in listed and private companies. Primary asset classes used for the investment of pension funds is equities, property, bonds and cash. Crypto is still too volatile and not regulated enough for the likes of a pension fund. That is all starting to change however.

Chuck Lauber, a portfolio manager at First National Fund Advisors, explained that pension funds in the U.S. are public entities, and as such “they’re mired in red tape which results in most of them being ‘late to the ’ in the realm of investment opportunity.”

 

Some pension funds are at the cutting edge of making smart investments in emerging assets classes, and crypto certainly falls into that category. “Most [pension funds] unfortunately, are not. Pro: ‘new’ asset class could help lower overall correlations. Con: lack of knowledge and reach for yield makes PFs the potential bag holders,” said Lauber. 

Rumors Circulate of Pension Funds Buying Crypto

 

Zerohedge runs a markets-focused blog owned by ABC Media Ltd. It tweeted that pension funds are buying crypto, but was unable to up this claim with a credible source.

Pensions Crisis?

It’s no secret that the performance and growth of pension funds is slowing down. Thanks to low interest rates, looming inflation, and slow growth, the future of retired populations could be at risk. The economics of retirement funding is at point.

Anthony Pompliano, aka Pomp, is the founder of Morgan Creek Digital, an asset management backed by multi-billion dollar investment advisor Morgan Creek Capital Management. Pomp recently blogged on why he believes pension funds should buy Bitcoin.

“It will take time for pension funds to get comfortable with investing in bitcoin. We need to educate multiple stakeholders and demystify this nascent industry. When one makes the decision, it will create a cascading effect that leads to hundreds of them jumping in,” writes Pompliano.

Bitcoin Outperform Traditional Assets

According to Pompliano, the modern portfolio theory to support investing in bitcoin is strong. He states that BTC has the best performing asset the last 10 years.

Will Pension Funds Soon Be Investing in Crypto?

“[Bitcoin] has experienced a 1,300,000x+ increase in value from $0.003 to ~$4,000 today. It has beat the S&P 500 for the last 10 years, the last five years, and the last two years. As a fixed supply asset, I believe bitcoin will continue to outperform traditional assets in the future as demand continues to increase too,” writes Pompliano.

If Pomp’s bullish thesis proves true, and Zerohedge’s assertion is correct, we may not have long to wait before the first major pension fund reveals it has acquired a cryptocurrency portfolio.

How likely is it that pension funds will turn to cryptocurrency investment in 2019? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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Will Pension Funds Soon Be Investing in Crypto?

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Litecoin Will Get Ad Exposure During UFC 232

Litecoin, a Bitcoin competitor, has that it has become the Official Cryptocurrency Partner of UFC 232. The event, which will be this Saturday (December 29th), will feature Jon Jones and Alexander Gustafsson facing off in a much-anticipated rematch. Viewers of the match will be able to the Litecoin logo on the […]
Source: bitcoinwarrior
Litecoin Will Get Ad Exposure During UFC 232

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Litecoin Becomes the First Cryptocurrency to Sponsor the UFC

According to a blog post by the Litecoin Foundation, Litecoin (LTC) will be the “Official Cryptocurrency Partner of UFC 232″. The event will take place this Saturday evening in California and the headline bout on the card will see Jon Jones and Alexander Gustafsson dispute the UFC light heavyweight belt.

It remains unclear a partnership between the two entities will work in practice. After all, Litecoin is not a company in the same way that Bud Light, Reebok, or Harley Davidson is.

Litecoin Partnership Most Pressing to Date

The blog post details how Litecoin has partnered with various firms and brands already in 2018. Many of these are yet to come to light yet. However, the decision has been made to push on with the UFC deal for a few reasons.

Chief amongst these is that the Litecoin Foundation identifies similarities between the UFC and LTC in terms of community . According to the post:

“Over the last 25 years, UFC… has evolved from a tiny grassroots movement to a global phenomenon, largely based on the extremely passionate community… We see many parallels to Litecoin in this way as our amazing community has been instrumental in our and providing unwavering passion and enthusiasm that continues to propel us forward.”

As part of the partnership between LTC and the Ultimate Fighting Championship, the logo of the long-established will be displayed around the infamous Octagon. This will expose the currency’ “branding” to literally millions of viewers around the world.

Such exposure is also cited by the foundation as an important reason why they will push on with the partnership in 2018 instead of waiting until next year as they will with similar deals:

“This is a milestone for Litecoin and cryptocurrency in general as no other coin has sponsored a UFC event to date.”

The post also states that the Litecoin Foundation is hoping that UFC 232 is the start of a “long and fruitful relationship” between the UFC and LTC.

Is UFC Partnership Enough to Save LTC?

The news of the Litecoin partnership comes just after the cryptocurrency’s future was cast into doubt by one crypto manager, Kyle Samani. In a Tweet posted earlier today, the Multicoin Capital co-founder stated that the rumours that crypto mining hardware giant Bitmain is preparing to lay off as much as 80 percent of its work force.

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An official Bitmain document from August of this year stated that the company holds almost one million LTC. Naturally, it figures if the company is being forced into a restructure by the current bear market, this stash of LTC be dumped on the at any moment.

Related Reading: Gemini Adds Litecoin with Approval from New York Regulators

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Litecoin Becomes the First Cryptocurrency to Sponsor the UFC

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Crypto Markets Trade Flat Following Christmas Eve Dump

Earlier this week, the crypto rose slightly and were able to regain much of their recent losses. This relatively small pump many investors who viewed it as the “Christmas rally� excited for what was to come, although the bears pushed the back down on December 24th.

Following this , the overall markets have traded sideways, and one analyst believes further downside could be right around the corner due to the current instability in both the crypto markets and the global equities markets.

Bitcoin Fails to Stabilize Above $4,000, Crypto Markets Could Drop Further in Near Future

At the time of writing, Bitcoin is trading down marginally over a 24-hour trading period at current price of $3,785. Earlier this week, Bitcoin’s price rose to highs of nearly $4,300, which led the altcoin markets to rally, with XRP and Ethereum being two of the best performing cryptocurrencies.

Although at the time this rally looked promising, Bitcoin’s price swiftly dropped to lows of $3,760, from which point it has traded sideways.

Following the drop, The Crypto Dog, a popular cryptocurrency analyst on Twitter, told his followers that the markets don’t look too , and that he is not going net-long on any cryptocurrencies until the market conditions change considerably.

“This looks bad. I am stopped out of $ALT positions. Holding my short. Not looking to go net positive $crypto for awhile [sic] unless conditions change considerably. Global markets in disarray, plenty of possible downside still in $crypto, I’d rather not risk the exposure,â€� he explained.

Although The Crypto Dog isn’t going long on the markets, he also warned followers against opening short positions at the current price levels, saying:

“PS: this does not look like a good short entry. Don’t go FOMO into shorts here b/c Crypto Dog is posting bearish tweets.â€�

Altcoins Drop Amidst Bitcoin Instability

Bitcoin’s inability to stabilize above $4,000 has led the altcoin markets to drop, with major cryptocurrencies dropping significantly from their weekly highs.

At the time of writing, XRP is trading down over 2% at its current price of $0.365. Earlier this week, XRP rose to highs of nearly $0.45, but was swiftly pushed down to its current price levels by high selling pressure resulting from Bitcoin’s drop.

Ethereum was one of the best performing cryptocurrencies during the recent pump, surging from weekly lows of $100 to highs of nearly $160, and then dropping back to its current price levels around $127. Although Ethereum has dropped significantly from its weekly highs, it is still trading nearly 30% from its seven-day lows.

One of today’s best performing cryptocurrencies is Bitcoin Cash, which is trading up 4.4% at its current price of $169. Earlier this week, Bitcoin Cash skyrocketed to highs of $230, from which it has dropped nearly 30%.

As the crypto markets continue to trade choppily, it is increasingly unclear as to whether or not they will start off the new year on a good note.

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Crypto Markets Trade Flat Following Christmas Eve Dump

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Bitcoin Price Falls Below $4,000 Again: Is Another Big Drop in Store?

This year the Boxing Day sales seem to have started a day early for anyone hoping to get exposure to the number one digital asset at a discounted rate. The Bitcoin price and those of other cryptos have been dropping hard since the clock struck midnight last night and this trend has continued since.

At exactly the moment that Christmas Eve turned into Christmas Day (in the UK at least), the Bitcoin price was sitting comfortably at around $4,080. Its total market capitalisation has since shed close to $5 billion and the cost of a single Bitcoin is $3,816 at the time of writing.

Xmas Bitcoin Price Drop: Is a Bakkt Delay Behind it?

The precise cause of the market selloff this morning is unknown. However, some are speculating that it may be related to the rumour that the launch of the Intercontinental ’s Bakkt platform is getting postponed for a time:

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Although several cryptocurrency news publications have already reported on the story, there has been no official yet from the Bakkt itself that suggests the launch will indeed be delayed. Given that it is Christmas day, however, this is to be expected.

Reports suggest that the Bakkt platform does not have the necessary approval from the US and Futures Commission yet. Of course, this does not mean that Bakkt will not eventually get a green light from the regulator but it seems unlikely that it will in time for the late January launch day, that has already been rescheduled once before, in November this year.

Bitcoin Price Continues to Lead the Rest of the Cryptocurrency Market

It is not just the Bitcoin price that is tanking this Christmas Day. As seems to be the norm, the rest of the cryptocurrency market is taking a nose dive. The likes of Ether, XRP, Stellar, EOS, and Litecoin have all suffered double-digit percentage declines.

Leading the top ten in terms of losses, however, is Bitcoin Cash (formerly known as Bitcoin Cash ABC). The cryptocurrency which forked off from the original Bitcoin chain in August 2017 and, more recently, split into Bitcoin Cash ABC and Bitcoin Cash Satoshi’s Vision has shed almost 20% of its price over the last 24-hours.

A likely cause for the current BCH selling pressure is that Bitmain, one of the largest supporters of Bitcoin Cash, us rumoured to be in the process of letting go of more than 50% of its workforce.

Blockstream’s Samson Mow Tweeted:

“Bitmain has quietly laid off their entire Copernicus team. Only 1- notice. Some had just joined the company. Layoffs just in time for Christmas.”

Some believe the actual number to be far higher too:

https://platform.twitter.com/widgets.js

The rumours have emerged less than one month after the mining hardware giant announced that were closing their Israeli dev centre, which, of course, involved a large number of layoffs.

NewsBTC will bring you more on this story, as well as the Bakkt delay rumours as develop.

Related Reading: Bakkt and Intercontinental Exchange CEOs Weigh in About Bakkt

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Bitcoin Price Falls Below ,000 Again: Is Another Big Drop in Store?

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