Emberfund Turns Your Phone Into a Crypto Hedge Fund

Emberfund Turns Your Phone Into a Crypto Hedge Fund

When we think about investing in crypto we imagine a single, monolithic transaction and then years of HODLing. The folks at Emberfund imagine a different way. Their app, available now for iOS and Android, lets you buy into an index of cryptocurrencies that automatically balances itself over time. The founders, Alex Wang, Mario Lazaro, and Guillaume Torche, have a background in AI and met when working at GumGum, another AI startup.
Fidelity’s Bitcoin Trading Is Only Weeks Away

Fidelity’s Bitcoin Trading Is Only Weeks Away

Fidelity's cryptocurrency subsidiary Fidelity Digital Assets will reportedly launch bitcoin trading for its clients “within a few weeks,” according to Bloomberg. According to the report, which cites an anonymous source, the new services will be open only to institutional investors.
“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin. “Everyone loves a piece of gold jewelry, but is gold really the best investment in today’s digital world?” This is the rhetorical question that the website challenges its readers to consider.
With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period. According to its report, the firm has originated over $1.53 billion since its trading service was launched in March 2018. In addition, the company’s total active loans increased to $181 million, a 17 percent increase over Q4 2018.
The Seven Pillars of ICO Investing

The Seven Pillars of ICO Investing

Tim Enneking is managing director at Crypto Asset Management. Robert Brauer and Andrew Kang are members of the Crypto Asset Management ICO Analysis team.

There May Be (Some) Tax Relief Options if You Sold Your Bitcoin at a Loss

For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet. On December 17, 2017, bitcoin hit an all-time high at over $19,000. Thereafter, it has fallen over 80 percent and now hovers at around $4,000 at the time of writing. While losing money is never the end goal, there are certain measures investors can take in order to minimize their taxable income by utilizing their capital losses incurred from bitcoin during the current year and going forward.
New Shakepay Feature Turns Your Spare Change Into Bitcoin

New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post. The new service connects to a user's bank credit and debit card, rounds up every purchase made to the nearest dollar and uses the resulting change to purchase bitcoins automatically.

Is Right Now a Good Time to Buy Bitcoin?

There are always people looking at the current price trend of Bitcoin and other cryptocurrencies. As all markets continue to lose value, it would seem there is no real reason to buy Bitcoin right now. At the same time, opportunities like these do not come around all that often. With the right information in hand, a well-weighed decision can be made accordingly. The Bitcoin Facts Plain and Simple Regardless of the current Bitcoin price, it wouldn’t necessarily make a lot of sense to invest in the world’s leading cryptocurrency.
New Cryptocurrency-Based ETP Arrives in Switzerland

New Cryptocurrency-Based ETP Arrives in Switzerland

Amun AG, a startup in Zug, Switzerland, has received a license from Swiss authorities to offer a new cryptocurrency exchange-traded product (ETP). An ETP is a blanket term to denote a security that derives its price from an underlying asset (e.g. a currency, commodity, stock) and is traded on a regulated stock exchange.
Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud Scheme

Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud Scheme

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges.
Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.
Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters Partners With Startup for Next Level Derivatives Exchange

Thomson Reuters (TR) provides trusted data and information to professionals across the legal, tax and accounting, and news and media industries. Operating in more than 100 countries, TR lists its shares on both the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSE). The company has now expanded its scope and entered into the realm of blockchain technology and artificial intelligence (A.
IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code

IRS Advisory Committee Requests Clearer Guidance for Crypto Tax Code

On October 24, 2018, an advisory committee to the Internal Revenue Service (IRS) published a report calling for clarity on the IRS’s position toward cryptocurrency taxation. The Information Reporting Program Advisory Committee (IRPAC) recently released its annual report advising the IRS on possible areas to improve the tax code, specifically referring to data gathered throughout the fiscal year of 2018.
Bitfury May Be Mulling Over an IPO

Bitfury May Be Mulling Over an IPO

Bitfury, a leading mining firm and blockchain software company, is reportedly in talks with global investment banks in Europe and Hong Kong as it mulls an Initial Public Offering (IPO), according to Bloomberg sources close to the matter. The source also indicated that Bitfury is mulling other strategic options alongside the IPO, including debt financing or selling a partial stake in the company.
Bakkt’s Futures Platform Slated to Begin Trading in December

Bakkt’s Futures Platform Slated to Begin Trading in December

Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission. Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.

Two New Services Could Help Investors Rate Cryptocurrencies

Increasing interest in cryptocurrencies has led to an influx of new investors. Unlike traditional markets, there are few tools that can help people make informed decisions, a situation that has already begun to claim victims in a particularly volatile environment.

Cryptocurrency’s Red Tuesday Firesale Leaves Everyone Speculating

The cryptocurrency sky fell yesterday as 49 of the top 50 coins (by Market Cap) were down with only Tether (USDT) posting a gain.

Credit Suisse Argues Irrational Exuberance Around ICOs Indicates Bitcoin Bubble

In a paper written in the fall of 2017 and published on the Social Science Research Network (SSRN) on Friday, January 12, 2018, Credit Suisse’s Dietmar Peetz and Gregory Mall argue that the boom in the initial coin offering (ICO) market is the clearest indicator of a bubble in bitcoin.

St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St.

Cardano Lists ADA Futures on BitMEX

Starting on Monday, January 8, 2018, at 8:00 a.m. GMT, the ADA token from Cardano began to be listed on the futures exchange at BitMEX.

CFTC to Discuss Digital Currency Futures Certification Process

Five weeks ago, the U.S. Commodity Futures Trading Commission (CFTC) announced three exchanges had self-certified Bitcoin derivatives products. Following the subsequent backlash from the Futures Industry Association (FIA), the CFTC has announced two public committee meetings to review the self-certification process, procedures and operational controls for listing and trading digital currency futures.

SEC/NASAA Ring in 2018 by Hinting at Need for (More) Cryptocurrency Regulation

Yesterday, January 4, 2018, the three prominent figures of the U.S. Securities and Exchange Commission (SEC) endorsed the concerns raised in the North American Securities Administrators Association (NASAA)’s cautionary directive on cryptocurrencies, ICOs, and other “Cryptocurrency-Related Investment Products.

Canadian TSX Venture Exchange Approves Crypto-Mining Company HashChain to Launch Monday

On December 18, 2017, HashChain Technology, a cryptocurrency mining company, went public for the first time on the TSX Venture Exchange under the ticker symbol KASH, joining at least eight other crypto-related startups including HIVE Blockchain Technologies (Genesis Mining).
Bitcoin Futures Are Here: The Story So Far

Bitcoin Futures Are Here: The Story So Far

The week ahead will give better future indication of Bitcoin derivatives products as yesterday at 6 p.m. EST, the Chicago Board Options Exchange (CBOE) allowed bitcoin futures to begin trading under the symbol “XBT.” Chicago Mercantile Exchange (CME) is set to allow futures trading in the cryptocurrency of their own accord on December 18, 2017.

Options for Borrowing and Lending With Cryptocurrency Are on the Rise

Cryptocurrency has opened up a new world in the financial sector that was primarily owned by banks, namely the borrowing and lending of capital. While peer-to-peer borrowing and lending has developed in recent years in the fiat currency space, it is only recently that companies have been finding methods of replicating these ideas in the cryptocurrency space.