📌 Gold Bars Go Digital, The Ether Security Debate, and Crypto’s Biggest Scandal

MUST READS


Regulated Crypto Custody Is (Almost) Here. It’s a Game Changer

The wait is almost over. Crypto custody services are expected to be welcomed by regulators very soon, minimizing risks for hedge fund managers and other institutional investors.

As our friend Kyle Samani puts it:

“There are a lot of investors where custodianship was the final barrier. Over the next year, the market will come to recognize that custodianship is a solved problem. This will unlock a big wave of capital.”


The Hustlers Fueling Cryptocurrency’s Marketing Machine

A sustained drop in the prices of major cryptocurrencies has left new ICO’s struggling. Making matters worse, Facebook, Twitter, Google, and Bing have banned crypto-related ads.

To counter this – they’re turning to influencers, growth hackers, PR agencies, Telegram managers and bounty hunters. And it’s getting expensive. Beneath the crypto industry’s deafening hype and bubbly scams, an economy of promoters is thriving.


🏅 Bitcoin Pushes Ancient Gold Market to Try Digital

Some makers and sellers of gold coins and bars are turning to blockchain, the digital ledger that underpins bitcoin, hoping to add some cryptocurrency luster to bullion trading. [paywall]


DEEP DIVE


Bitcoin’s Price Was Artificially Inflated (Or Was It?)

paper released this week by an academic with a history of spotting fraud in financial market noted that a concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year.

The media was quick to jump on the trend, in turn overhyping what was published as fact.

As Aaron Brown points out, “the paper has received a great deal of attention in the media, but there is a disconnect between the paper and the press coverage in terms of quantification.”

So the question remains, is Tether being used to prop up the price of bitcoin? Only time will tell, but this paper is a small step in improving our understanding.


Inside The Crypto World’s Biggest Scandal

Arthur and Kathleen Breitman thought they held the secret to building a new decentralized utopia. On the way, they plunged into a new kind of hell. A crypto-tragedy in three acts.

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REGULATORY FRONT


🏦 Monetary Policy in the Digital Age

Dong He, deputy director at the International Monetary Fund (IMF), shares a short report on why central banks need to pay attention to cryptocurrencies.


Square Shares Jump to a Record After Company Gets Regulatory Green Light for Cryptocurrency Trading

Square Inc (SQ), the payments company founded by Twitter CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App.


Ether is not a Security?

By now you’ve heard the major news: a top SEC official has indicated that the agency does not believe Ether as it exists today is a security. Well done, crypto community.

We have been arguing this position for years and are thrilled to see the agency finally pick a side. But before anyone drinks the kool-aid we wanted to share two things:

1.) We liked this read from Marco Santori. He’s a lawyer, so don’t expect this to be all rainbows and waterfalls.

2.) Here’s the one and only Kyle Samani’s (fund manager) comments shortly after the announcement. He takes another spin at explaining the difference between a security, a commodity, and a utility token.


CHART OF THE WEEK


WAN (WAN) has found support on the .147 Fib, which has been acting as a strong support for many coins in the alt markets. It’s currently sitting on the trend-line of the triangle formation and we expect a bounce soon.

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