Colleagues, the Cryptocurrency Academy predicted last month that we would see several
large commercial banks and asset management firms will actively participate in
the global Blockchain and Cryptocurrency arenas during the next 24-36 months. Since
then have seen Goldman Sachs and JP Morgan – not to
mention MasterCard - state their intentions to do just that.
Without question adoption of Blockchain-based distributed ledger technology increase transaction speed while
reducing OPEX is a de facto no-brainer for financial institutions. This will
take time and R&D investment and more than a few such entities have filed
Blockchain patent applications. We have also seen the steady rise in third
party cryptocurrency Custodial Services. For many the next step is the
establishment of crypto trading and investing services. Blackrock CEO Larry Fink is on record as saying that none of Blackrock’s institutional clients have “sought crypto exposure”. That is, for
now. We expect that to change in the near future. Share a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Our mission is to provide Training and Certification programs to enable Cryptocurrency, Blockchain and FinTech traders and investors worldwide to achieve their career goals.
Wednesday, July 18, 2018
Monday, July 16, 2018
Can Robinhood Effectively Compete Against the Top-Rate Crypto Trading Apps?
Colleagues, Coinbase, Bitworth, CryptoTrax, Zapo, Delta (aka
“CoinDash”), Enjin, BTC.com and Investing.com-Cryptocurrency are among the most popular mobile apps
available on both iOS and Android. These apps are commonly used by “millennial”
crypto traders rather than institutional crypto investors. These apps are
commonly viewed as “most popular” based upon 1) The number of cryptocurrencies
they are equipped to trade, and 2) The market cap of the crypto assets they can
trade (see CoinMarket Cap). Enter Robinhood. With much marketing fanfare
the Robinhood app was
designed with millennials in mind and began offering Bitcoin and Ethereum (the crypto
assets with the largest market caps) earlier this year. Last week Robinhood
announced that it would now trade Bitcoin Cash and Litecoin. Bottom line
two-fold question: 1) Can Robinhood – despite the number of crypto assets it
can trade compete against the more established apps, and 2) Just how many
mobile trading apps does the global crypto sphere really need? The Cryptocurrency
Academy predicts a pending shakeout and consolidation of crypto trading apps
over the coming 24-36 months. Share a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Friday, July 13, 2018
The Battle to capture Institutions for Crypto Custody Services Heats Up
Colleagues, firms such as BitGo, Ledger, Coinbase and Madison Trust are all vying for institutional clients for their
Cryptocurrency Custody services. Custodian services catering to large
institutions is a growing and vital element of the broader cryptocurrency
ecosystem. Such competition is one more indicator that crypto assets are
crossing the chasm from individual traders to corporate and heavy weight
institutions. For example, Madison Trust offers both Directed and Self-Directed
IRA instruments for RIAs. Registered Investment Advisors are required to
annually register with the SEC and disclose any conflicts of interest they have
regarding the transactions they execute for their clients. A key data point is the Charles Schwab RIA Benchmarking Study which show
steady grow in custodian services. While this study is rather conventional,
what is really needed is a comparable benchmarking study of crypto assets under
custodial management. The Cryptocurrency Academy fully expects crypto assets to
comprise an increasingly higher percent of all assets under RIA management. Share a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Thursday, July 12, 2018
Are we approaching an Era of Regulatory Approval of Crypto Investments in the Global Equity Markets?
Colleagues, South Korea and the UK are
recognized as nations which are rapidly adopting cryptocurrencies along with a
push toward strengthened regulatory environments. During mid-late July of a
number of South Korean political parties are expected to propose legislation focused
on regulating cryptocurrencies, ICOs and Blockchain-based investing.
Concurrently, the UK is moving toward public companies with equities which can tokenized
and issued within a fully compliant custody, settlement and clearing systems.
Two small firms - 20|30 and Nivaura – are providing distributed ledger
and corporate equity issuance. So how do these trends bode for the rest of the
first-world cryptocurrency arena? The Crytocurrency Academy
assumes that government regulators in the US, China, Russia and beyond are
closely monitoring these developments. Moreover, if and when these programs transition
from pilot to mass adoption other nations will closely follow. Share a comment
visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Wednesday, July 11, 2018
Do Blockchain Firewalls Represent the Next Generation of Internet Security?
Colleagues, amid the fanfare of R3’s recent launch of the first Blockchain-based
firewall the fundamental question is
whether Corda
Enterprise does in fact represent a new era
of improved network and Internet security? Corda states it is able to limit communication between
Blockchain nodes operating in different environments, and with different
informational needs from their network. in any Blockchain architecture each
node uses point-to-point messaging to communicate with other peer nodes. It
would be naïve to deploy the Blockchain node in the DMZ with a public IP address. By targeting specific nodes, an attacker can influence how
consensuses are reached and possibly even halt the Blockchain operation. To
provide additional security to the Blockchain nodes. One technique is to filter
network traffic, thus implementing a firewall for Blockchain applications. Cisco projects they can provide access control functionality which
can effectively mitigate flooding attacks from multiple sources at
simultaneously. Share a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Tuesday, July 10, 2018
Are we seeing the emergence of a dualistic world order for Crypto Exchanges?
Colleagues, as if the crypto universe
needs another twenty-five exchanges. Well the Philippine government appears to
foresee economic growth and the opportunity to compete with the US, China, the
Ukraine, India and South Korea. Formation of the special economic zone recently
approved by the Cagayan Economic Zone Authority (CEZA) to serve both purposes. Bottom line
questions: 1) Just how many crypto exchanges does the world need? and, 2) Can
the Philippines financial and regulatory environment attract top-tier
exchanges? The Cryptocurrency Academy is pro-competition, yet we question the
ever-increasing number of exchanges around the globe … when in fact the five
largest exchanges manage some 75% of all crypto transactions (see Crypto
Coin Charts). We see
the emergence of a dualistic crypto exchange world order whereby the 5-10
largest exchanges control the majority of “first-world” transactions in a
reasonably secure and transparent manner. And in contrast, a multitude of
micro- and/or specialty- exchanges process transactions for the “darker” side of
the crypto world with little regulation and appeal to traders who seek to keep
their transactions away from public scrutiny. Share a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
Monday, July 9, 2018
Bittrex & Invest.com: Does the Cryptocurrency World Need Yet Another Trading Exchange Platform?
Colleagues, US-based Bittrex and invest.com, a fintech startup based
in London plan to launch a new EU-focused crypto trading platform. Skeptics abound
as these same two firms had a false start earlier this year with the Zodiac exchange that was aimed at the retail
market. The exchange in question has yet to be launched and information online
regarding the platform has been sketchy at best. According
to Crypto
Coin Charts the five largest exchanges based upon overall
trading volume are: Binance, BitFinex, HitBTC, Houbi and Coinbase
GDAX. In aggregate these exchanges process some 75%
of all cryptocurrency transactions worldwide. From a macro perspective the
crypto segment is still in its infancy and the need for innovation is great.
The Cryptocurrency
Academy believes that a bona fide next gen platform
which can manage multiple currencies with a high degree of security, speed and usability
is needed. Bottom line question: Is the crypto world better off improving
existing exchanges or developing new “purpose-built” exchanges? You make the
call. Post a comment visit us today! Lawrence – Cryptocurrency
Academy (https://cryptocurrencyacademy.blogspot.com/)
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