Hong Kong Bong

October 9, 2018  /  by Bill Noble
On October 8, the de-facto central bank for Hong Kong, the Hong Kong Monetary Authority (HKMA), issued a press release denying they would be buying crypto assets. Here is a link to the release. This quote stands out: “The HKMA would like to remind the public that the HKMA has never invested and does not… Read more

Leading Institutional Investor Moving Yale Endowment Toward Crypto

October 5, 2018  /  by Cathy Zollo
We go through a lot of news from wide-ranging sources here at Crypto.IQ, keeping our ear to the ground, our finger on the pulse of what’s going on in the world of crypto. Along with talking to sources all over the globe, watching charts and markets and babysitting social media, this is how we spot… Read more

The Petro — A Revolutionary Future for Venezuela or an Exit Scam for Maduro

October 4, 2018  /  by Ronald Tichenor
This week, Venezuelan President Nicolas Maduro announced the official launch of the Petro cryptocurrency created earlier this year. Venezuela suffers from a collapsing economy, political strife, international sanctions, an estimated one million percent inflation this year, and all the civil unrest that comes with that. It is easy to understand how a government might look… Read more

Is Coinbase Worth $8 Billion?

October 4, 2018  /  by Bill Noble
Word on the street is that profitable U.S. exchange Coinbase will be raising additional funds at a valuation of $8 billion. The first round is $500 million, and that seems to likely lead to an IPO. Being a crypto centric firm, we certainly think a profitable Coinbase IPO could create at least as much excitement… Read more

Swiss Cryptocurrency Backed by Seven Precious Metals Aims to Attract Risk-Wary Investors

September 28, 2018  /  by Cathy Zollo
We like the way this article describes the rising number of stablecoins entering cryptocurrency — a “Cambrian Explosion.” It’s a good analogy because we’ve gone from just a handful of these coins in the last 18 months to around 60. Even by the most generous standards in looking at the need for these coins, a… Read more

Too Late to Self-Regulate?

September 24, 2018  /  by Ronald Tichenor
This weekend, we faced another in a long and sad chain of unfortunate events in crypto. Crowd Machine (CMCT) had their wallet hacked and tokens subsequently dumped on the markets sending the token price effectively to zero. At this time, we believe that only uncirculating tokens were stolen, so no token holders actually lost tokens.… Read more

Tracking the Elusive Alt Season

August 24, 2018  /  by Noah Hornaday
“Alts are dead,” proclaims the same overly exuberant mass of people who shouted “alts are going to the moon” just 8 months ago in late January (near the top). Although prices are starkly different, there is a similarity between the current altcoin investor climate and the climate during the peak of the bull market in… Read more

Bitcoin Is Trading Surprisingly Well After Another Round Of SEC Rejections

August 23, 2018  /  by Cathy Zollo
We’re looking at two stories today that relate to the price of Bitcoin. The first is the SEC’s denial Wednesday of nine applications for Bitcoin ETFs (see our first story in today’s digest for more detailed analysis of the decision). The other is the surprising and short lived jump in price that many are saying… Read more

Why the Latest Bitcoin ETFs were Rejected

August 23, 2018  /  by Jackson Rickun
On Wednesday, the SEC published three orders all disapproving Bitcoin exchange-traded fund (ETFs) proposals from GraniteShares, Direxion, and ProShares. An ETF is a security that represents a commodity, bond, or basket of assets that consumers can trade like a common stock on an open exchange. The orders, which all use similar language and reasons for… Read more

Venezuela’s massive currency devaluation is a ‘scam’ — and does ‘nothing’ to ease its economic crisis, analysts say

August 20, 2018  /  by Cathy Zollo
Venezuelans had a rough weekend, with their government devaluing the Bolivar by 95 percent and issuing a new currency that is tied to the country’s oil-backed cryptocurrency. This is an old game, versions of which have been played since the inception of fiat money. It’s a game that is designed to steal from a populace.… Read more