Ari Paul news

Co-founder and CIO of BlockTower Capital. Active since 2011.

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XRP Security Debate Continues on Social Media as Ripple Community Leader and Ari Paul Dispute Outcome

The XRP community continues to debate whether XRP is a security or not. During this year, the market has been debating on this issue, but there is no unified position on the matter. XRP supporters will always explain that XRP is not a security. However, those opposed to XRP and some analysts have a different position and believe that the digital asset has several features of security. In a recent tweet written by @XRPTrump, he said that XRP was created before Ripple, meaning that it cannot be a security. With this comment, he answered a Tweet uploaded by the cryptoanalyst Mike Dudas in which he mentioned that there is a ‘tremendous amount of danger and risk’ in Ripple and XRP. What motivated XRPTrump to answer this tweet was the fact that @AriDavidPaul has liked the tweet uploaded by Mike Dudas. I just came across this. I noticed that @AriDavidPaul had liked the tweet as well. You're aware of these facts I will let your followers know as well: XRP was created before Ripple, so it can't be a security. Merry Christmas & Happy Holiday season Mike. https://t.co/0m3Vf0ZKjK — Dr. T (@XRPTrump) December 26, 2018 Ari Paul did not take long to answer. He said that it is very important to pay close attention to what it is said. He said to XRPTrump that providing inaccurate legal advice could make him personally liable. Furthermore, he said that even if Ripple was created five years after XRP, it could still be considered a security because the timing of Ripple’s incorporation of XRP is not part of the Howey test. The Howey test was created by the Supreme Court in order to understand whether some assets are considered securities or not. If they are securities, they must provide certain disclosure and be registered with regulatory entities. @XRPTrump be very careful giving inaccurate legal advice, it could make you personally liable. As you should know, even if Ripple was created 5 years after XRP, XRP could still be a security. Timing of Ripple incorporation not part of Howey test. — Ari Paul (@AriDavidPaul) December 26, 2018 Ari Paul asked XRPTrump what he thinks about the tweets related to website captures mentioning and explaining that Ripple created XRP. Nevertheless, he did not receive an answer from XRPTrump. Another XRP supporter, @EDadoun, entered the conversation and asked Ari Paul whether he would be satisfied if the SEC considers that XRP was a security in the past but not it is not. Disregarding for a second the clarity provided by other countries on this topic…Im curious whether the "XRP is a security" camp will be satisfied if the SEC were to say "XRP was once a security but now isn't" or is blood the only thing that will satisfy those opposed to it? — ecent (@EDadoun) December 26, 2018 On this issue, Ari Paul commented that he is not sure what ‘satisfactory’ means. Furthermore, he said that he would take such an SEC statement for exactly what it was. The discussion continued with EDadoun saying that XRP has been considered not a security in different countries and that this sets a precedent in the United States, additionally, he said that those that are against Ripple being considered a security would not be happy if regulatory agencies would consider it not a security. Ari Paul continued the discussion saying that EDadoun would ignore the law in the United States if US law says XRP is a security but Australian law says that it is not a security. As he says, the US law applies to its citizens and to US companies. 2/ Your logic seems to be that if US law says XRP is a security and Australian law says that it isn't, that you choose to ignore US law and assume that Australian law applies in the US? That's simply inaccurate. US law applies within US borders and to US citizens and companies. — Ari Paul (@AriDavidPaul) December 26, 2018 In another tweet, XRPTrump said that XRP existed only on the XRP ledger and not on other networks such as Ethereum (ETH). And Ari Paul agreed on that noting that this is the strongest defense for XRP never having been a security. This is indeed the strongest defense for XRP never having been a security imo. (I'm not stating an opinion on the matter, just that in a relative sense, this is the strongest defense.) — Ari Paul (@AriDavidPaul) December 26, 2018 There were other individuals involved in the conversation and giving their opinion on the matter related to XRP being considered a security or not. Now, it is necessary for the U.S. Securities and Exchange Commission to provide clarity on the matter. There are several companies and institutions that do not want to take risks and start operating with an asset that could be considered a security. Until now, Bitcoin and Ethereum are the two assets not considered as securities in the cryptocurrency space. Several ICO tokens have been labelled as unregistered securities and some ICOs have already been reached by the regulatory agency to regularize their situation.
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Bitcoin [BTC]’s mining death spiral explained by BlockTower’s CIO, Ari Paul

Ari Paul, the managing partner, and Chief Investment Officer the BlockTower capital spoke recently on TD Ameritrade’s Morning Trade Live on Monday and discussed Bitcoin’s declining hash rate over the past few months. He also addressed the ‘mining death spiral’ that Bitcoin is facing. Touching the shutdown of Bitmain’s Israel’s mining branch, Ari Paul said that it was a matter of intense debate as the security of Bitcoin’s network lies in the hash power and in turn, lies with miners. He added, “the more hash power, the more expensive it is to mine, the more secure the network is” so the danger arrived when the mining cost declined. Paul continued: ” it’s tricky because it’s a spectrum, ’cause there’s some miners who have near zero marginal electricity costs and there are others for money a $4,000 marginal cost” He argued that $6,000 to $6,500 was not the mining cost, and said that it could be an all-in cost, which includes the equipment cost, replacement of ASICs, but not the marginal cost. Referring to the mining fee revenue chart, and how it has vastly reduced to a point where it is not profitable for miners, Ari Paul said: “The term that people sometimes use is “hash power death spiral” and the idea’s that if the price of bitcoin falls below marginal cost of mining, miners just stop mining, and the Bitcoin network ceases to function, basically. But the Bitcoin network automatically adjust for this every it’s usually around two weeks, it’s it’s algorithmic.” Source: Blockchain.com Paul added that the way the Bitcoin network worked was that the difficulty of finding the next block adjusts automatically and that this was “baked in the code” every 2016 blocks. The concern that Ari Paul raised was that if Bitcoin’s price fell down to zero in a dramatic decline, it would require an entity like Coinbase or BlockTower to mine Bitcoin for a period of two weeks or to mine those 2016 blocks which would act like a “bridge loan”. Furthermore, the mining done in the period of those two weeks would adjust the mining difficulty level which would offset the drop in the hash rate, leading the mining from that point on to be profitable. Moreover, Paul added that for the brief period of two weeks that the miners are mining uneconomically is not actually right as it was semantics and that they just have to be profitable at the end of two weeks, which usually came from inflationary block reward. The post Bitcoin [BTC]’s mining death spiral explained by BlockTower’s CIO, Ari Paul appeared first on AMBCrypto.
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BlockTower CEO Ari Paul’s $1 Million Bitcoin Bet Faces 99.73% Loss for BTC $40-$50,000 Calls

Ari Paul Faces 99.73% Loss As Bitcoin Struggles During Bear Market Ari Paul, the CEO of Block Tower, a crypto asset investment company, has invested about $1 million USD worth in a Bitcoin price bet, now, he has lost 99.73% of this money and has become the latest victim of the scary Bitcoin bear market. This sad tale of an investor making a hugely bad move started with Paul deciding to buy Bitcoin options from LedgerX for $3600 USD each about three months ago. Ari Paul’s main mistake was that he was too bullish on Bitcoin while the market is quite clearly bearish, so he bet that the price would be far higher than it is and lost his money. Ari Paul bet that Bitcoin would be worth at least $50,000 USD on December 28. As the Bitcoin price is currently at around $6600 USD and it does not go up for a long time ago, it looks like is prone to lose everything. At the moment, Bitcoin bets which expire at December 18 and that calls for Bitcoin being priced at $40,000 are worth only $9.60 USD each on the Deribit exchange. As Paul bet about one million and he will receive about $10 back for each of the 275 bets that he purchased, he will stand to lose 99.73%. It was really a disastrous gamble. Ari Paul Had An Awful Year Paul has already let slip that he was in charge of the purchase lately, but now he has deleted the tweet. This was not his only mistake this year, though, as there are accusations of insider trading around him after he made a deal with the Stellar network to purchase Chain, a finance startup, for about a billion USD. While Bitcoin could make a miraculous comeback at the end of the year and simply change the whole game, it is simply too unlikely that this will happen. Only diehard Bitcoin enthusiasts are still believing that the token will be able to have a big bull run at the end of the year. 2018 was a tough year for investors. It is easy to be a genius during a bull run, people often say, and it looks like Ari Paul is just the latest example that investing and wishing for the best is always an awful strategy. If you do not want to end up like him, read our blog be well informed before you invest.
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‘99.73 Percent’ Loss: Ari Paul’s $1 Million Bitcoin Price Bet Looks Doomed

Cryptoasset investment firm BlockTower CEO Ari Paul has lost 99.73 percent of his $1 million Bitcoin price bet as the 2018 bear market claims fresh victims. 275 BTC Of Pain The eye-watering figure surfaced on social media September 27. Paul, who on December 21, 2017, purchased Bitcoin options on LedgerX for $3600 each, currently faces receiving around $10 when the calls expire in three months’ time. The markets commentator known as BambouClub noted that calls for $40,000 Bitcoin price 00 bets which expire December 18 currently trade for just $9.60 on exchange Deribit. Having bet on Bitcoin being worth at least $50,000 by December 28, 2018, Paul hence stands to lose huge sums of money. Together, the 275 purchases amount to under $3000, less than the price of a single contract paid in week three last December as Bitcoin prices hovered around $13,000. Ari Paul gambled $1 million on December 2018 $50,000 Calls bought for $3,600 apiece. Dec 18 $40,000 Calls at Deribit trading at $9.60 (0.0015 BTC). He's eaten a 99.73% loss. https://t.co/2c5OrKvUJ9 — BambouClub [BitMEX] (@BambouClub) September 27, 2018 A Lose-Lose Scenario? Paul had let slip about the purchases early on, in now deleted tweet hinting he and BlockTower were behind the bet. The investor has a had a rough year. In June, accusations of insider trading began swirling around Paul after a deal between payment network Stellar to purchase blockchain finance startup Chain for a reported half a billion dollars. BambouClub had also raised concerns about the events, arguing Paul had shown “unsound character” by appearing to discuss aspects of the deal before it was public knowledge. 2018 meanwhile could prove sour for the $1 million Bitcoin bet even if prices stage a miraculous comeback in Q4. As BambouClub notes, Paul’s options are currently available for under $3000 in total, meaning that should Bitcoin hit $50,000 before the deadline, his profits would be around $1 million less than if he had entered under current market conditions. What do you think about Ari Paul’s Bitcoin bet? Let us know in the comments below! Images courtesy of Shutterstock The post ‘99.73 Percent’ Loss: Ari Paul’s $1 Million Bitcoin Price Bet Looks Doomed appeared first on Bitcoinist.com.
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Caspian Crypto Trading Platform Welcomes BlockTower Capital’s Ari Paul to Advisory Board

Caspian Crypto Trading Platform Announces Milestone Appointment as it Expands its Reach Caspian has announced a number of milestones, as it establishes itself as the platform that enables sophisticated traders to operate more efficiently and effectively in cryptocurrency markets. Caspian, the institutional-grade crypto trading platform, also announced BlockTower Capital co-founder Ari Paul as the newest appointment to the Caspian advisory board. The company has announced that it now connects to more than 25 exchanges and has 12 funds on its beta platform, with 8 more clients expected later this month. It also said that it will be adding its first Over The Counter (OTC) desk as a destination later this month. Speaking about his appointment, Ari Paul, whose BlockTower cryptocurrency investment firm is becoming a strategic partner to Caspian, said: “Until now, cryptocurrency has mostly been limited to individual investors. Caspian provides tools that make it far easier for institutions to trade cryptocurrency and manage risk. I’m excited for the increasing institutional participation in cryptocurrency trading and investing that will be facilitated by tools like Caspian. “Caspian is an important part of the infrastructure necessary to usher in institutional participation in cryptocurrency. I’m excited to see the infrastructure being built that will support institutional participation in cryptocurrency markets.” Robert Dykes, CEO of Caspian, added: “We are very pleased to welcome Ari to the team of advisors as we build the leading full-stack crypto trading platform for institutional investors and sophisticated traders.” “He brings a wealth of highly relevant experience to Caspian and I am really looking forward to working with him as we move into the next stage of our project.” Ari, the former portfolio manager for the University of Chicago’s $8 billion endowment, founded BlockTower with Matthew Goetz, an engineer who worked in investment management at Goldman Sachs for 11 years. Caspian’s multi-asset trading platform has been designed to meet the needs of institutional investors who are implementing a diverse crypto-currency strategy that currently requires them to execute trades and maintain target allocations across many exchanges. Caspian provides investors with a comprehensive Order and Execution Management System, Portfolio Management System, and Risk Management System, backed by customer support. The company also announced that it is allowing for a defined composite order book that aggregates and displays liquidity from more than 20 exchanges with the ability to trade against it using the Caspian Smart Order Router (SOR).
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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