📌 Tokenized securities, The Coinbase strategy teardown, and Your Chart of the Week

MUST READS


The Bullish Case for Bitcoin

After the price of bitcoin surged to new highs in 2017, the bullish case for investors might seem obvious enough. Alternatively it may seem foolish to invest in a digital asset that isn’t backed by any commodity or government and whose price rise has prompted some to compare it to the tulip mania or the dot-com bubble.

Neither is true; the bullish case for Bitcoin is compelling but far from obvious. There are significant risks to investing in Bitcoin, but, as Vijay Boyapati will argue, there is still an immense opportunity.


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The Official Guide To Tokenized Securities

Payment Tokens are used as a means of currency or payment… and Utility Tokens are intended to provide digital access to an application or service.

But while those are both interesting, this guide will serve to explain Security Tokens, the regulation that governs them, along with the advantages & disadvantages they bring.

Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency

Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a former colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013.

DEEP DIVE


How Coinbase Grew Into The King Midas Of Crypto Doing $1B In Revenue

In this report, CB Insights examines Coinbase’s strategy, financing history, product offerings, business initiatives, threats and future opportunities. They dig into how Coinbase operates, how it’s capitalizing on cryptoasset speculation, and what it’s doing to push forward blockchain technology.

Delegated Proof of Stake: Features and Tradeoffs

It seems like every week we are posting a writeup by Multicoin Capital, but that’s because they really are just that good. This is suggested reading for anyone who wants a deep dive into DPoS.

REGULATORY FRONT


Cryptocurrency Firms Targeted in SEC Probe

The Securities and Exchange Commission has sent subpoenas to dozens of people and companies behind the rise of initial coin offerings, a clear sign of the agency’s desire to rein in the popular new fund-raising method.

Introducing the Private ICO (PICO)

Even in the shadow of SEC enforcement action, fundraising has not stopped; in fact, it has accelerated, with a record $2B raised in 2018 already. However it has quickly shifted from public crowdsales to so-called Private ICOs, in which token sales are limited to accredited retail investors and institutions.

These Private ICOs have accounted for 84% of fundraising in 2018.

Germany Won’t Tax You for Buying Coffee With Bitcoin

The guidance sets Germany apart from the U.S., where the Internal Revenue Service treats bitcoin as property for tax purposes – which means that if an American buys a cup of coffee with bitcoin, it’s technically considered a sale of property and potentially subject to capital gains tax.

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

CHART OF THE WEEK


It appears that an up-trending channel has emerged within the down-trend channel… and we may be on the verge of a break-out. For the first time since September 2016, the 50 day moving average has met the 100 day moving average. This is often viewed as an attractive entry point and often is a catalyst for discount buying / bargain shopping.


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