We analyse 186 sources, 211841 news
Putin Issues Cryptocurrency Regulation Adoption Mandate
HIGHLIGHT

Putin Issues Cryptocurrency Regulation Adoption Mandate

Russian President, Vladimir Putin, ordered the government to ratify and enforce federal laws pertaining to cryptocurrency with 1 July 2019 as the deadline; introduced amendments to AML laws
Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees
HIGHLIGHT

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet
Electroneum Introduces a Smartphone that Rewards Users with ETN
HIGHLIGHT

Electroneum Introduces a Smartphone that Rewards Users with ETN

The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Hot
Virginia, USA-Based Pension Funds Invest in Crypto
HIGHLIGHT

Virginia, USA-Based Pension Funds Invest in Crypto

Morgan Creek Digital, a subsidiary of hedge fund Morgan Creek, racks up $40 mln new venture capital funding anchored by two public pension plans and a university endowment fund, a hospital system, a private foundation, and an insurance company, according to one of the firm’s founders Anthony Pompliano
DIGEST

The Perfect Time to 'Be Greedy' and Invest (Investment and Partnership Digest, Dec 20 — 26)

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos
DIGEST

What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

Bitcoin outperformed Vision Hill Crypto Fund Composite index returns by more than 100% in 1H19

Vision Hill Group released their second quarter 2019 crypto hedge fund returns report, a self-reported cryptoasset benchmark study that measures various fund performance (via Vision Hill Active Crypto Indices) relative to Bitcoin and the broader crypto market. In absolute terms, 2Q19 was a bright spot for crypto funds, offering by far the best performance since the benchmark started with crypto fund composite registering a 53.6% gain on the quarter (n = ~50) and is up 67% in 1H19. Through the first half of 2019, Fundamental crypto fund strategies (description below) are leading the composite, up over 80% on the year; while Opportunistic funds are up 65% and Quantitative funds are up 45%. On a relative basis, however, direct spot returns of Bitcoin have outperformed the Vision Hill Crypto Fund Composite by nearly 100%, and the Bitwise 10 Large Cap Index by almost 70% in the first half of 2019. Source: Vision Hill Benchmarks, The Block   Not all strategies have actually under-performed bitcoin and the broader market when considering data that includes 2018's bear market. Looking at the last 12 months, Quantitative focused funds are the only strategy to outperform BTC returns, up close to 40% since last May, which equates to more than 20% excess return over bitcoin during that span. Source: Vision Hill Benchmarks, The Block   Looking at the distribution of fund returns, Fundamental and Opportunistic strategies each generated median returns of ~50%, with 25% of funds making more than 80% (Fundamental) and 55% (Opportunistic), respectively. Quantitative funds saw softer median returns relative to the rest of the composite, at 26% for the quarter, but still had 25% of funds returning more than 60% in the quarter. Opportunistic strategies saw the tightest range of performance out of the group, as 75% of funds returned more than  22%. Source: Vision Hill Benchmarks, The Block   The study was produced using approximately 50 unique data points in Q2 across the three core strategies (Fundamental, Quantitative and Opportunistic), published as non-investable reference indices which act as a proxy for the overall composition of the crypto hedge fund landscape. The report also includes the caveat that the study should be considered a framework, rather than a long-term indicator of performance, as fund voluntary self-reporting can introduce biases (self-reporting, survivorship, and backfill). The asset manager hopes to continue to actively smooth out these issues overtime.   Other highlights from the report include: Median Sharpe ratio (a reward to risk metric) for the composite index came in at a 5.2 (Sortino at 7.2), up from 1.0 in Q1. For context, the Sharpe ratio for last 3 years of SP500 returns currently sits at .81 according to Morningstar. SP500 12m rolling sharpe ratios peaked close to 5 to close out 2017. The information ratio, used to evaluate the risk adjusted performance of a fund in relation to the risk adjusted performance of its benchmark, came in at 9.3 in Q2, vs .9 for Q1. Higher IRs imply better higher returns in excess of a benchmark, given levels of risk that the fund takes. Fundamental strategies: Long Only, Long/Short, Hybrids; Quantitative strategies: Directional momentum, market neutral/HFT-Arb, Long Volatility Opportunistic strategies: Credit, Generalized mining/active network participation, Other If you’re a crypto fund that hasn’t connected with Vision Hill and would like to participate in next quarter’s benchmark study, reach out at tracking@visionhilladvisors.com. Methodology on Crypto Fund index calculations can be found here.
The Block Crypto

Visualized: Bitcoin ROI Crushes Stock Market Returns

Those who are involved in or invested in Bitcoin, likely know full well the crypto asset’s long-term price potential and its potential to become the single global currency across the internet and beyond. They also know that Bitcoin has out-performed every asset in history, including anything the stock market has to offer, even including the likes of Amazon and Apple, and others. But what they haven’t been able to do, is to watch this all unfold right before their very eyes, until now. In a new video data visualization, Bitcoin’s ROI is put head to head with the top-performing publicly trading companies on the stock market and shows how Bitcoin has easily bested them all to be the best performing asset to ever exist. Bitcoin ROI Versus Top Stock Market Stocks ROI When thinking about brand power, longevity, and a company’s ability to transform the entire world with their products and services, it’s difficult to imagine Bitcoin being more valuable than companies like Amazon, Apple, Microsoft, or VISA. And while value is subjective and when comparing total market capitalization, Bitcoin sure has a long way to go, the leading crypto asset has still been able to bring early investors a better bang for their buck in terms of ROI – or return on investment –than any other stock market asset. Related Reading | Investor: Bitcoin is the Best Performing Asset, Path to $100,000 is Easy To See  In a new data visualization shared on Reddit by crypto data analytics firm Datalight, the ROI over time since August 2017 until now of Bitcoin is shown against some of the best-performing stocks on the US stock market, including Amazon, Tencent, JP Morgan, Facebook, Google, and more. Bitcoin steadily beats all stock market assets during much of the video, until mid-2018 when Amazon takes over, and the crypto bear market really takes hold. Bitcoin then falls off the data set entirely, showing negative returns as Bitcoin plummeted toward its bottom in December 2018 at $3,200. But once that bottom was hit, Bitcoin rocketed back to the top of the data viz video, much like it skyrocketed out of bear market depths toward the current price around $10,000. The price per BTC had reached $13,800 in a near non-stop rally before experiencing a strong correction that’s now going on its third month. This month, the crypto asset was rejected above $12,000, and abruptly fell to $9,500 before bouncing back to around $10,000 where it is currently trading. Related Reading | Bitcoin Historical Monthly Performance Could Shed Light on What’s Next for Crypto At current prices, Bitcoin is once again the king of returns across all asset types, and its gains by comparison, even against the biggest brands in the world, show the true potential and power of the first-ever cryptocurrency. Featured image from Shutterstock Visualized: Bitcoin ROI Crushes Stock Market Returns was last modified: August 16th, 2019 by Tony SpilotroThe post Visualized: Bitcoin ROI Crushes Stock Market Returns appeared first on NewsBTC.
NewsBTC
DIGEST

Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security
MEW Integrates with Bity for Crypto-to-Fiat without KYC
HIGHLIGHT

MEW Integrates with Bity for Crypto-to-Fiat without KYC

Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required
DIGEST

Under Control (Regulatory Digest, Feb 14—20)

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance
ICORating
A Comprehensive List of Dapps Catalogs
OPINION

A Comprehensive List of Dapps Catalogs

Probably, this is the most extensive compilation of all dapps aggregators and targeted lists so far
Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders
OPINION

Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders

On November, 16, ICORating has released its Quarterly Report ICO Market Research Q3. Total sum raised by 597 ICOs is $1,819,585,090 in Q3 (in Q2, 827 projects collected $8,359,976,282). Some more prominent facts:
Why Do We Need to Wrap Bitcoin?
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system
DIGEST

Top ICOs Raising Funds, Week 51 ’18

Total raised funding amount on Week 51 comes to $61M, which is +64.7% in comparison with the previous Week 50 ($21.5M)
DIGEST

Top Upcoming and Active ICO Projects, Week 52 ’18

In the below list you'll find some new ICO projects which have to be paid attention to: Arcana, Dataeum. We have also prepared the list of Top ICOs that are active: Eloncity, Javvy, Envoy
DIGEST

Top ICOs Raising Funds, Week 50 ’18

Total raised funding amount on Week 50 comes to $21.5M, which is -62.2% in comparison with the previous Week 49 ($56.9M)

SEC consent order in ICO case suggests that non-existent SAFT tokens might actually be securities

In the Matter of Simply Vital Health, Inc., SEC Administrative Proceeding File No, 3–19332, Order Instituting Cease and Desist Proceedings [SDP] Link to order: https://www.sec.gov/litigation/admin/2019/33-10671.pdf This has been a busy week for the SEC. In addition to an emergency asset freeze against ICO promoter Veritaseum, a Consent Order was entered in a failure to register case against Simply Vital Health, Inc. on August 12. The Order is potentially notable for what it tells us about the SAFT, or Simple Agreement for Future Tokens, which was touted two years ago as a way to do a token offering that kept the tokens outside the scope of US securities laws. Not so much, maybe. Per the Order, SimplyVital is a Delaware corporation that in 2017 to 2018 told investors and the general public that it was “developing Health Nexus, a blockchain protocol through which healthcare providers could share patient data. SimplyVital announced to investors and in public statements that it was designing Health Nexus to satisfy regulatory requirements unique to sharing data within the health care industry, including, for example, compliance with the Health Insurance Portability and Accountability Act.” SimplyVital said that to raise money to develop Health Nexus it was going to — wait for it — do a token sale for something called Health Cash (HLTH), which would be used as currency in the “ecosystem.” It planned to issue 200 million HLTH tokens. Before the sale launched, SimplyVital conducted a pre-sale where it offered to enter to Simple Agreements for Future Tokens (“SAFTS”) that would deliver tokens once SimplyVital created them. Pre-sale purchasers had to buy a minimum of 25 Eth worth of tokens which, at the time, was worth about $10,000. By purchasing in the pre-sale they also got a “significant discount” on the price paid by retail shmos in the main sale. According to the Order, “The SAFTs, which had been prepared by legal counsel retained by SimplyVital in August 2017, stated, among other things, that proceeds being raised in the pre-sale would be used by SimplyVital to fund the development of the Health Nexus platform and blockchain protocol.” No registration statement was filed. Indeed, the Order pointedly states that “[b]efore it offered and sold HLTH through the SAFTs, SimplyVital did not file a Securities Act registration statement with the Commission covering its offer and sale.” No registrations were filed and the SEC says that no exemptions were available. Also, SimplyVital didn’t take “reasonable steps to verify that purchasers were accredited investors.” As my friend (and securities lawyer) Gabriel Shapiro observed on twitter “[t]his awkward wording was not necessary and is designed to highlight a view that the tokens, not merely the SAFTs, are securities.”  Read that again -- the token (inchoate and not yet in existence) = securities.    My guess is we are going to see a lot of these agreements attached as lawsuit exhibits in the coming years. After SimplyVital finished the pre-sale, it scheduled the main crowdsale. But SEC staff contacted the company and SimplyVital decided not to go through with it. SimplyVital hadn’t created any tokens yet and hadn’t delivered any to the pre-sale SAFT purchasers. It made a public announcement in January that it would not create tokens and would return funds to pre-sale purchasers. As of April 15, 2019, “SimplyVital had returned substantially all of the ETH and USD claimed by investors. This amounts to substantially all of SimplyVital’s assets.” Because it gave all of the money back and didn’t go through with the public ICO, the SEC didn’t impose a civil penalty but simply entered an order that the company not violate the securities act. So it got off pretty light, all things considered. Disclaimer: Crypto Caselaw Minute is provided for educational purposes only by Stephen Palley (@stephendpalley) and Nelson Rosario (@nelsonmrosario). These summaries are not legal advice. They are our opinions only, aren’t authorized by any past, present or future client or employer. Also we might change our minds. We contain multitudes.
The Block Crypto
ESSENTIAL

An STO Lifecycle: The Complete List of Milestones

How to issue a digital security, what are the steps: a brief outline of the 12 stages that a company will take to launch an STO complying with all the legal issues
OTC & Media Activity
ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news
ESSENTIAL

Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

A handful of methods exist for raising capital, from private offerings to semi-public to a full-blown IPO or ICO. Now STOs are on the rise which might just be what tech startups need to revitalize the market
Why Blockchain Technology Is Here To Stay
ESSENTIAL

Why Blockchain Technology Is Here To Stay

We keep up the tradition of giving the stage to crypto advocates to talk about the cryptoindustry. This time we will review the usefulness of blockchain technology and why it deserves a say in the modern world
ESSENTIAL

Security Token Offering 101

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.