Earlier this month, ICE also known as Intercontinental Exchange, announced the launch of a new crypto focused company called Bakkt. In what I think is one of the most significant steps towards driving mainstream adoption of digital assets by financial institutions and retail consumers.
If you aren’t familiar with ICE (you should be), they own the New York Stock Exchange NYSE, NYSE ARCA (largest marketplace for ETFs) and many other exchanges around the globe. Jeff Sprecher is the founder, chairman, and CEO of ICE — with a track record of success.
Technical analysis (TA) is used to evaluate and identify opportunities through analysis of previous trading activity, such as price movement and volume. TA is very different from Fundamental Analysis (FA) which attempts to evaluate intrinsic value. TA is all about the charts and analytical tools to assess market strength or weakness.
The analysts at Ironwood Research Group, have released their Market Update for July 2018 (a monthly publication). The PDF update is packed, over 10 pages covering Bitcoin, Etherum, and Altcoins — you can download it free from their #market-overview channel in Discord. Use this link for free membership https://discord.gg/ZD4EFG4.
Joint Chiefs of Global Tax Enforcement (J5)
On July 2nd, 2018, Australia, Canada, the Netherlands, the United Kingdom, and the United States tax authorities established an alliance known as the “Joint Chiefs of Global Tax Enforcement” (J5). The alliance has been created to help fight international and transnational tax crime and money laundering.
Hans van der Vlist, General Director FIOD relayed, “The unique thing about the J5 is the operational collaboration between five countries on tackling professional enablers that facilitate offshore tax crime, cybercrime and the threat of cryptocurrencies to tax administrations, as well as making best use of internationally…
What are Exchange Traded Funds (ETFs) and why do they matter? According to Investopedia, an ETF is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. ETFs typically own the underlying assets (such as Bitcoin) and turn that ownership into shares. The great thing about ETFs is the simplicity of access via the public stock exchanges. Buying and selling ETFs is just as simple as buying and selling stocks.
Let me describe how “easy” it is. Once the Securities and Exchange Commission allows Bitcoin ETFs, anyone with a 401K, IRA…
In an interview today on CNBC, U.S. Securities and Exchange Commission Chairman Jay Clayton made it clear they won’t bend the rules for cryptocurrency when it comes to the definition of a security.
“Cryptocurrencies: These are replacements for sovereign currencies, replace the dollar, the yen, the euro with bitcoin,” Clayton said. “That type of currency is not a security.”
“A token, a digital asset, where I give you my money and you go off and make a venture, you have some company you want to start, and in return for me giving you my money, ‘you can get a…
Update May 31, 2018:
When this article was published the details were true at the time. As of today, we have seen some of the lending rules dictate how SALT can be used. We’ve also seen a huge decline in overall market cap likely reducing the number of folks looking to take out loans agains their BTC. Furthermore, the adoption of SALT was also delayed. All of this has led to its price decline. As of today SALT is trading at $2.05. A bargain from it’s $16 highs. I do not own any SALT.
…end of update May 31, 2018
Serial Entrepreneur, Executive, Marketer, Patents, Geek & Social Expert, frm CPO @ Vitrue & VP @ Oracle Mkt Cloud & Blockchain & Cryptos