Tassat,The Rebrand Of TrueDigital, Teams Up With AlgoTrader To Launch Crypto Derivatives

Tassat, an institutional digital assets company that was previously referred to as trueDigital has entered into a partnership agreement with AlgoTrader a trading software provider. The partnership has come in the heels of the company announcing that it was about to launch its cryptocurrency derivatives.

The agreement between the two companies will see Tassat receive access to the current roster of AlgoTrader institutional clients for the upcoming derivatives drive. The clients provided by its partner will get an added advantage when it comes to incorporating their available products with the set trading strategies. This is according to an announcement released by AlgoTrader on September 12th, 2019.

It is expected that the initial derivative will be physically deliverable. Institutional investors, eligible contract participants, and brokers will gain access to margined bitcoin swaps. While the platform was non-committal on the delivery date, Tassat, during its rebranding statement released on September 3rd had indicated that the launch was imminent.

When asked about the new relationship, Michel Finzi, who is the chief commercial officer at Tassat stated that the platform is very choosy when it comes to selecting its partners. All its partners are selected through a focus and thought-driven process.

Michel added that the company only works with companies that have a philosophy that aligns with theirs. This is a philosophy to ensure that it gets to serve the crypto marketplace in a manner that is reliable and efficient.

The reason AlgoTrader was chosen as a partner was that it had a unique service delivery model. It was a model that provided customers with enhanced flexibility and control. This was in addition to ensuring that it was able to build a long-lasting trading experience.

Tassat, which is based in New York first indicated that it was in the process of providing derivatives to its clients based in the U.S earlier this year in July. At the moment, the company is waiting for the go-ahead from the Commodity Futures Trading Commission. Once the approval comes through, the company will proceed with the launch of its derivatives. The platform had also stated that it had plans to include additional crypto instruments at a later date.

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Author: Daniel W

Two out of Five Millenials Look At Crypto During A Recession, eToro Survey Discovers

A new survey has discovered that 40% of the Millenials in America would rather invest in crypto assets than any other kind of asset during an upcoming recession. According to the study, which was conducted by eToro with 1,000 online investors in the U. S. recently, Millenials are the most open investors to crypto.

According to the data, two-thirds of the investors are afraid of a recession, but their solutions for how to handle it are different. While 40% of Millenials have chosen crypto, 50% of Generation Z had chosen real estate. Generation X is more inclined to invest in commodities, with 38% of them choosing this kind of asset.

Another trend is that fractional ownership interest has spiked. 92% of the investors affirmed that they would like to own pieces of artwork during a recession while 55% of them were eager to sell a portion of their current portfolios if they could find new investments that could be more profitable than the ones that they have right now.

Finally, the study also concluded that high net worth individuals are more likely to invest in Bitcoin than any other kind of crypto asset, as it is the most famous and powerful one.

The managing director at the company, Guy Hirsch, affirmed that during a recession most portfolios would end up shrinking. The main difference now is that crypto provides a true new path. The investment would not be confined only to people with a high net worth. Retail investors and not only institutional ones could gain money during the recession.

Hirsch also affirmed that current investors want more freedom besides just following the status quo of investments and they see an opportunity in Bitcoin.

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Author: BEG News Desk

Prior US Congressman: Crypto Needs A Nuanced Legislation, Avoid Half-Measures

Harold J. Ford, a former U. S. Congressman, has recently talked about the regulation of crypto assets in the country. According to him, there is a need for a more nuanced approach in order to properly regulated these assets. Failing to do it would harm innovation in the country and put it behind other nations.

He noted that countries such as Malta, Belarus and Gibraltar are all considerably smaller than the U. S. and yet they are ahead of the U. S. when it comes to developing crypto frameworks, which makes them more attractive to investors and innovators. According to him, the U. S. should not miss this opportunity to work with the technology.

During a recent interview with CNBC, he affirmed that it is important that the regulation is clear and that there is separate legislation for decentralized cryptocurrencies and for projects like Facebook’s Libra, which are at the center of the regulators’ attention these days. These are two different initiatives for very different purposes.

The legislation, Harold J. Ford defends, has to be nuanced and take into account how cryptos work to be successful. He also took a jab at the U. S. Securities and Exchange Commission (SEC), affirming that the SEC should actually take the lead in regulating this environment, not ignoring it or being against it.

In fact, the crypto sector seems to be having trouble with the regulation in the country. Despite how more mainstream cryptos have become, the government is yet to create clear, nuanced and comprehensive legislation about this booming market. How much do we have to wait? If it depended on Ford alone, not too much.

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Author: Gabriel Machado

Pompliano Believes Satoshi Should Get The Nobel Peace Prize For The Creation of Bitcoin

Anthony Pompliano, the founder of Morgan Creek Digital, a large digital assets company, has recently affirmed that the creator of Bitcoin, the person who created the alias of Satoshi Nakamoto, should receive the Nobel Peace Prize for his contribution to the world.

According to the executive, Satoshi has created the first global reserve that could be fully used without anyone ever needing to engage in

“violence”.

Pompliano’s idea of violence comes from the view that national fiat currencies only hold value because they are centralized and backed by the coercion of the State. Because of this, a truly international currency that had no central control would be non-violent in his view.

During the current U. S.-China Trade War, his argument can be seen in how countries use their currencies as “weapons” to achieve economic policies and to fight for power. The whole world is shaken because of the tumultuous policies enacted by the two countries.

While China is using its fiat to hurt the U. S. economically, the U. S. is using the dollar to control the finances of the world for decades. Fiat currencies are from being only a store of value, they are a tool for power and for enacting policies. Only Bitcoin, in Pompliano’s vision, would be exempt from that and a more non-violent form of money.

Obviously, it would be hard to give Satoshi the price since he disappeared in 2010 and there is not a single trace of him anymore. People such as Craig Wright and others have been claiming that they are the real Satoshi Nakamoto for years, but no one was able to actually prove it yet until now.

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Author: Gabriel Machado

US Treasury Blacklists BTC and LTC Wallet Addresses Said To Be Owned by 3 Chinese Drug Kingpins

The government of the United States, via the Treasury Department’s Office of Foreign Assets Control (OFAC), has decided to blacklist three crypto addresses this week. According to the institution, the owners of these crypto addresses were guilty of money laundering and drug smuggling.

According to the OFAC, Fujing Zheng, Xiaobing Yan and Guanghua Zheng were all determined as “drug kingpins”. All their U. S.-related assets were frozen, as well as their email accounts.

As you cannot simply seize the assets of a crypto wallet, the addresses of several Bitcoin wallets and one Litecoin wallet related to the Chinese criminals were blacklisted. This means that no organization that does not want to break the U. S. law can transact with them.

The OFAC affirmed that these people used Bitcoin in order to launder the money from their crimes and put it into banks that were based in either China or Hong Kong.

Sigal Mandelker, from the financial intelligence unit of the government, affirmed that these three people were involved in a significant international operation of drug trafficking. He also affirmed that they were directly responsible for the opioid crisis that is affecting the United States by shipping hundreds of packages full of drugs to the country.

This is only the second time that the entity decided to blacklist a wallet. Doing this is still considered somewhat rare, mostly because the government is not so used to deal with crypto yet. The first time that something like this happened was in November 2018 when two Iranian men were accused of being related to a ransomware scam.

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Author: Hank Klinger

BlackRock CEO Larry Fink Says Libra Is Not A Cryptocurrency, Wants Technology to Interchange Currencies

BlackRock-CEO-Larry-Fink-Says-Libra-Is-Not-A-Cryptocurrency-Wants-Technology-to-Interchange-Currencies

BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management and Larry Fink is their CEO with over a billion dollars of net worth. He appeared on CNBC recently:

Fink said many of his clients and hedge funds are taking risk off the table. However, he believes such a move is a mistake, and he advised investors to stay invested in stocks. He thinks that people are under invested in equities.

Fink indicated that there is a huge need to democratize the exchange of foreign currencies in cross-border transactions and to bring down the fees of the interchange. He showed that there is a huge problem when it comes to making cross border payments, claiming that people who are making cross border payments are paying a huge amount in fees to organizations charging from 5-10% on each transaction.

He said:

“I actually believe that the idea about libra — I don’t think we need to create a new currency, but the technology to instantaneously calibrate all the currencies. That should be done. You don’t need a libra. you have computers that can monetize and calibrate euro to dollar instantaneously for a couple of basis points.”

Fink was openly against bitcoin for a long time now. Calling out the whole asset class as illegal, he has cited three main concerns to back up his claim. The infamous unpredictable price swings, the mostly anonymous nature of the market and the unregulated playing field make him feel he has a case.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Sritanshu Sinha

Fidelity Digital Assets Readies to Onboard 10 More Trading and Blockchain Professionals

Fidelity-Digital-Assets-Is-Ready-To-Hire-10-More-Professionals

The crypto branch of Fidelity Investments, Fidelity Digital Assets, is ready to grow. The company has been reported to be wanting to hire 10 people to its team of blockchain pros. A new job posting indicates that these positions include leadership roles such as vice president, leading software engineer and director.

In case you are not so experienced, don’t give up now, as the company is also hiring software engineers, product designers and people for other technical positions.

It should be noted that the job posting for vice president, for instance, is not really new. It was originally posted back in May but reposted now. The more technical positions, however, are new job posts.

The Jobs

The most high-profile job is “leading solution architect”, which will basically have the rank of vice president and act as the Chief Technology Officer (CTO) of the company, a very important position. The person will need to create the design, architecture and do the maintenance of the new platform. The service has to be done, of course, following Fidelity’s parameters for security, which are high.

According to the job posting, the most ideal candidate for the role is someone who already has experience in developing for public blockchains (especially either BTC or ETH) and that has experience with private platforms as well.

The director of product management is set to be another senior officer. His job will be to create new crypto offerings as well as to work on maintaining the relationship between the company and its partners. Experience with institutional investors, custody and securities trading will be necessary. Another important experience is to have worked with the regulation before or to know it very well.

There is also the job of product designer, which is set to help in the creation of strategies for the business and usability of the platform, as well as design and research.

Developers can apply to be the software engineering lead of the new company. In order to do it, they need to be experts in these three platforms: Ethereum, Corda and Hyperledger Fabric. This is a management position, so the person will be overseeing other developers.

Someone less experienced can apply to be the new blockchain software engineer of the company. Experience working with both BTC and ETH is needed and this person will evaluate projects and determine the ones that will be used for the company, as well as to develop technology focused on the blockchain.

Finally, there are also jobs which are not necessarily directly related to the blockchain technology: associate analyst, senior analyst for trade support, senior software quality engineer, customer service representative and others.

Fidelity Digital Assets was launched this year and it seems that the company has seen plenty of growth so far, as the need to hire more people have presented itself to the company.

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Author: Gabriel Machado

Ethereum Classic (ETC) Mining Profitability Has Been Growing Steadily (Stats Inside)

Ethereum-Classic-ETC-Mining-Profitability-Has-Been-Growing-Steadily-Stats-Inside
  • At one point, ETC was ranked in the list of top -10 crypto assets by overall market capitalization. However, the digital currency is now ranked 20th on the same list.
  • Supporters of ETC claim that it is the only ETH hard fork to have stayed true to the original vision of the currency.

As most of our regular readers are probably well aware of, Ethereum Classic [ETC] first came into existence during the latter half of 2016. Upon its inception, the currency was viewed as a fork of ETH that stuck to the original Ethereum blockchain and could be used by developers to create a host of novel dApps (decentralized applications) as well as smart contracts.

With that being said, it bears mentioning that over the past couple of years, the currency has been sliding in value — with a single token currently trading around the $7.79 mark. Additionally, the once sought after altcoin currently possesses a total market cap worth $870 million. However, despite all this, over the last 12-14 months, ETC mining activity has been on the rise, with many crypto enthusiasts claiming that the currency is on the verge of a serious breakout.

As can be seen from the chart above, Ethereum Classic’s [ETC] mining profitability has been on a steady rise since the start of the year. Not only that, a number of independent research studies have shown that the most profitable ETC-oriented mining pool right now is ’2Miners’ — which recorded a profitability ratio of 100% and displayed a weekly income of 21.391 ETC [$164.50]/1 GH/s.

Ethermine — another extremely popular mining pool — also registered returns of over 98% during the last week or so. To be a bit more specific, we can see that the pool’s weekly income stands at 20.486 ETC [$162.06]/1 GH/s.

Lastly, Nanopool was able to rake in profits of around 95% (estimated returns of $20.486 ETC [$157.54] /1 GH/s) over the week gone by.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Shiraz J

Swiss Stock Exchange, Six, Lists Bitcoin Cash ETP Under Ticker Symbol ABCH

Swiss Stock Exchange, Six, Lists Bitcoin Cash ETP Under Ticker Symbol ABCH

When crypto assets are listed on globally acclaimed equity exchanges, they automatically earn lots of exposure from both retail and institutional investors. But the fact that the world has a handful of such exchanges means that any asset that gets accepted by one of them undoubtedly hits an unlikely ‘jackpot.’

SIX, Switzerland’s largest stock exchange is one such platform, and it has been slowly and surely listing specific coins. The latest cryptocurrency to join this ‘exclusives’ is none other than Bitcoin Cash. Bitcoin Cash ETP, which according to Amun crypto-asset tracker ranks 6th, is now on Swiss stock exchange and is effectively available for traders to invest on.

About Bitcoin Cash ETP

Amun AG now has the first Exchange Traded Product (ETP) that tracks how Bitcoin Cash performs listed on its platform. The Swiss fintech company easing how one could invest in crypto assets announced this on July 5.

The Amun Bitcoin Cash ETP, on the other hand, is a US dollar-denominated collateralized product on the exchange. With an investor fee of 2.5% payable annually, the instrument has Roger Ver with 25,000 worth of BCH, cumulatively worth over $10 million, seeding it. Part of the instrument’s annual investor fee also is custody payments, insurance expenses, and rebalancing fees.

But even as Bitcoin Cash ETP gets listed, there’s no doubt that the trickle-down of institutional funds into the new assets market is making it come of age. It is giving it the much-needed legitimacy, similar to that of stocks, bonds, and equities.

Also, investors now have a larger pool of investment products to choose and earn rewards. On a broader point of view, the fact that cryptos are gaining similar attention as conventional products means that they are gradually becoming part of the acceptable tradable products.

Six, the Swiss stock exchange, is among the oldest in the world. It was formed in 1850, but still provides investment securities, which even include the government bonds and various stock bonds.

Amun is based in Zurich, although it was founded in 2018. The firm is headed by a group of distinguished serial entrepreneurs and seasoned personalities in the asset management industry. It uses an institutional-grade security and custody platform designed with several security measures, including multiple private keys, cold storage, audit trails, and whitelisting.

For the CEO of Bitcoin.com, Roger Ver, Amun is the right firm to help in the global adoption of Bitcoin Cash. He believes that their investment in the newly listed Exchange Traded Product would rally more investors to invest in it.

SIX now leads with Crypto ETPs

With the listing of the new Bitcoin Cash ETP following the previous five launched nine months ago, Amun now has the largest amount of ETPs on Six. The ETPs include all the leading ten digital assets according to Amun Bitwise Select 10 Large-Cap Crypto Index ETP (KEYS), the leading five with Amun Crypto Basket Index ETP (HODL) and three sole trackers; ABTC, AETH, and AXRP.

Amun’s co-founder and CEO, Hany Rashwan, however, sees them as a better way of giving investors a much broader portfolio of crypto assets from within a reputable exchange. The new product, according to him, is a perfect opportunity for investors to expand their portfolio.

ETPs and ETFs are technically similar, even though they are legally different and fall under different categories on the exchange. ETPs are debt securities with collateral, even though they don’t bear any interests. However, like ETFs, these debt securities are traded in the multi market-making segment even though legally, they can’t be classified as funds.

Meanwhile, SIX is looking for ways through which it can benefit from the various avenues provided by innovations in crypto. The exchange’s chair, Romeo Lacher, earlier this year, announced that the platform was going to roll out a Blockchain-powered market before the year ends. Once launched, SIX Digital Exchange (SDX) will function vis-à-vis their legacy platform.

Furthermore, with the distributed ledger technology, all trades on SDX will be “one tap,” and will be done in seconds. Its efficiency will sharply contrast that of the legacy platform, which often needs three processes and takes them days to complete them. Lacher, however, expects SIX to conduct a token offering soon.

With the launch of the Bitcoin Cash ETP, Switzerland once again stamps its authority as being ahead of the rest when it comes to financial innovation. It is a trait that it has been known for since over a century ago, especially when it comes to the “tradition of banking secrecy.”

Switzerland also is one of the most welcoming regions for crypto investments, unlike the US, which is proving a bit more restrictive. In fact, Facebook is the latest firm to target the “scarcely populated Swiss canton of Zug” as it has already announced that it would manage Libra coin in Switzerland.

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Author: Lillian Peter

Bitcoin Is Outperforming Assets Over a 100-Years-Old With Still So Much Upside to Manifest

Bitcoin Is Outperforming Assets Over a 100-Years-Old With Still So Much Upside to Manifest

It is no secret that Bitcoin is one of the hottest assets in the world since April. It is faring better than almost any other non-crypto asset in the world and not a lot of altcoins are able to follow it, with some exceptions as Binance Coin (BNB) being the only ones.

Now, an old-school trader known as Peter Brandt has talked about why he is investing in Bitcoin. According to him, the BTC market is currently the best market ever seen.

On a chart, he compared Bitcoin lows, highs and its advancement with some other assets such as gold, which is 100-years-old. Gold only has a 93-fold in 100 years while Bitcoin has a 9,765-fold in only ten.

While the cryptocurrency has been subject to boom and bust cycles, the truth is that its prices are always higher when you compare them to four years before. The token went from almost nothing in price to over $19,500 USD. Now, the prices may be lower than they were before, but this is no reason to simply ignore all the potential that BTC has.

Even the Dow Jones Industrial Average has a fold of 873, which is smaller than Bitcoin’s performance from 2011 to 2017 alone.

If you invested in gold in the last three years, you would have only got a return on investment of 6.44% but if you invested in Bitcoin instead, the returns would be 330%.

This shows that there is simply no other way to explain it: Bitcoin is the ultimate investment. You will be obviously better off by holding it than you would be if you choose to invest in almost any other non-crypto asset in the market.

Bitcoin’s price is $9,544.22 BTC/USD exchange rate today. The real-time BTC market cap of $169.61 Billion currently ranks #1 with a chart dominance at 57.81%, daily trading volume of $6.09 Billion and live coin value change of BTC 2.80 in the last 24 hours.

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Author: Gabriel Machado