Staking is the process of holding funds in a cryptocurrency wallet to support the operations of a blockchain network.

Most commonly, users are rewarded for simply depositing and holding coins on an exchange, in turn earning a monthly return calculated based on the user’s pro-rata share of the total balance held on the exchange that generated the staking rewards during the given month.

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Staking was developed as an alternative to the Proof of Work (PoW) model used by coins such as Bitcoin, where the ever growing energy consumption required for mining presented an issue for network scaling. …


There are currently two kinds of cryptocurrency hedge funds. Those that manage portfolios containing exclusively cryptocurrency, and those that have added some cryptocurrency to a mix of other asset types.

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As of 2019, there are currently 804 cryptocurrency funds in total, 355 of which are hedge funds and 425 are venture capital funds, according to Crypto Fund Research’s website.

From looking at available data from 80 crypto hedge funds, we were able to make a few conclusions about the current offerings of the industry. They are:

  • Out of the 80 funds, 59 have a minimum investment of $100k USD or…


Independent valuations are now available in $USD, $USDT and $BUSD. Visit driveverify.com to learn more.

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This follows from last weeks’s release of support for Binance Coin (BNB).

Have BNB in your portfolio? Make your auditor happy and get an independent valuation of assets under management.

What is DRIVE Verify?

DRIVE Verify provides independent mark-to-market valuations sourced from multiple venues including Coinbase, Binance, Bitfinex, Kraken and more.

Using a proprietary algorithm, DRIVE Verify calculates consensus pricing from mark-to-market pricing data from multiple venues. The result is an independent valuation, based on asset quantity that has taken much of the market order book into account.

Security commissions around the world have cited market manipulation and independent valuation as some of the key hurdles faced by crypto ETF applicants. We can help.


Have BNB in your portfolio? Make your auditor happy and get an independent valuation of assets under management.

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Visit DRIVEverify.com to learn more or head straight to api.driveverify.com to start using the service today for free.

What is DRIVE Verify?

DRIVE Verify provides independent mark-to-market valuations sourced from multiple venues including Coinbase, Binance, Bitfinex, Kraken and more.

Using a proprietary algorithm, DRIVE Verify calculates consensus pricing from mark-to-market pricing data from multiple venues. The result is an independent valuation, based on asset quantity that has taken much of the market order book into account.

Security commissions around the world have cited market manipulation and independent valuation as some of the key hurdles faced by crypto ETF applicants. We can help.


DRIVE launches independent valuation service for crypto funds and ETF’s

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Our proprietary technology delivers multi-venue consensus pricing for assets under management including Bitcoin.

IHSMarkit, a multibillion dollar financial information and services company, provides a similar service for traditional assets including stocks and bonds.

The DRIVE Verify service is a first for the crypto industry.

“Using a proprietary algorithm, DRIVE Verify calculates consensus pricing from mark-to-market pricing data from multiple venues. The result is an independent valuation, based on asset quantity that has taken much of the market order book into account”

Kate Hiscox, CEO at DRIVE.

Current venues include Coinbase, Binance, Bitfinex, Huobi and Kraken with support for Bitcoin, Ethereum…


One of the major concerns for regulators when it comes to crypto funds are related to market manipulation. Regulators like the SEC are currently seeking greater transparency and market consensus to ensure funds in the crypto market aren’t using price manipulation techniques.

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While this normally happens through market indexes and price verification tools in traditional and regulated financial markets, it’s still a very undeveloped concept when it comes to crypto, creating a major obstacle for crypto ETF’s.

Lack of fair value pricing services in crypto

Services like Totem by Markit, enable institutions to independently verify derivative positions for their books and records reporting to address increasing regulatory scrutiny…


The first thing you’ll notice when you decide to dip your toe into cryptocurrency trading is just how many different — and often confusing — words get thrown around. Some originate from traditional trading, some have have appeared in the wake of the crypto boom.

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With that in mind, we’ve prepared a primer on the most commonly used terms and how they relate to crypto trading.

Market Cap

The total value of a particular cryptocurrency. Market cap is calculated by multiplying the price of a coin by its total supply.

Total Supply

Total supply refers to the amount of coins that exist for a particular cryptocurrency. This is most often decided at the time of a coin’s creation.

Fiat

Fiat refers to a currency issued by a government, such a British Pounds (GBP) or US Dollars (USD).

Bullish / Bull Market

When described as bullish, the price is expected to increase. An easy way…


A market maker, or “liquidity provider”, is a company or an individual that offers to buy and sell a financial instrument or commodity they own at a fixed price.

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This helps ensure availability of a commodity to trade, as well as a reliable price in a volatile market. The reason for doing this is to stimulate activity and interest across the broader market as traders tend to avoid an illiquid (non-active) asset for fear they won’t be able to exit a position.

As Investopedia puts it:

“In short, market making facilitates a smoother flow of financial markets by making it…


Each week we interview a member of the DRIVE team to learn more about them, what they like and what makes them tick.

This week is our fantastic Infrastructure Manager, Dave!

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What’s your name?

Dave Sylvestre.

What’s your role at DRIVE?

I’m DRIVE’s Infrastructure Manager.

What did you do before you joined DRIVE?

I was a sysadmin consultant for SMB’s.

What’s your secret talent that no one knows about?

I can lose something that I used 2 minutes ago.

What’s the coolest thing you’re working on right now?

Currently I’m working on the monitoring project to track problems in our system infrastructure.

Who inspires you?

Marco (our CTO) for his leadership and the way he always has multiple project ideas in his head.

How do you like to receive feedback?

Via bonusly ;)

Where’s your favorite place in the world?

Espagna!

If you could be any animal, which would you be?

A dog.

What are you passionate about?

Playing guitar and race cars.

Which four individuals, living or dead, would you like to eat dinner with the most?

My parents, Gilles…


As blockchain technology matures, adoption by enterprises grows, integration with government systems increases, and the first national digital currencies gear up for release, 2020 is seeing the groundwork being set for a growing body of regulation in the crypto space.

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Below we take a look at some of the latest developments set to impact the industry over the coming year and beyond.

Fifth EU Anti Money Laundering Directive

The Fifth EU Anti Money Laundering Directive took effect from 10 January 2020, putting in place a regulatory framework for all EU member states. An important note is directive’s classification of crypto-assets as:

“[A] digital representation of a…

Editor

Editor at DRIVE Insider. Read the latest crypto industry news and analysis at driveinsider.com

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