The SEC’s 2020 crypto priorities
CoinMarketCap Daily Newsletter “My mother
said I must always be intolerant of ignorance but understanding of illiteracy.”
- Maya Angelou In today's newsletter, we will be covering: $17 million funding
round in startup to bring blockchain tech to ETFs major Spanish bank to
bring blockchain into European finance the SEC's Office of
Compliance Inspections and Examinations' (OCIE) 2020 examination
priorities Total Market Cap: ~$219.5 billion (~4.5%) BTC Price: ~$8,350
(~6.0%) 24-Hour Volume: ~$97 billion (~14.1%) BTC Dominance: ~69.1% (~1.5%)
Notable movers: Chainlink (LINK) (~15.0%), Quant (QNT) (~16.5%), Horizen (ZEN)
(~15.5%) BTC is currently trading at ~$8,350, up ~6.0% over the
last 24 hours. This is the 6th straight green day for BTC - The last time BTC
streaked like this was back in early Aug 2019. On the daily chart, BTC broke to
the upside of its 21-day EMA line, a level it has not traded above since
early Nov 2019. RSI is currently at ~70, indicative of significant bullish
momentum. On the weekly chart, BTC is contesting its 50-EMA resistance line. The
MACD line looks to be approaching to cross to the upside of the signal line,
something we have not seen since early Feb 2019! BTC is still trading
within its lower highs and lower lows trading pattern/ channel/ zone it
has been trading within since late June this year. It is currently testing the
lower bound.
How much do you agree with this statement: "Most of my friends
are against crypto" Why do you think so? Share with me in the polls! Unlocking
the potential
According to a recent press release on 7 Jan, leading
institutional-grade blockchain builder in the financial and regulatory
industries, startup Securrency Inc., raised $17 million in a funding
round led by WisdomTree. WisdomTree, an asset manager, exchange-traded
fund (ETF) and exchange-traded product (ETP) backer, is seeking to merge
blockchain technology into the ETF market. It will work with
Securrency to widen the availability of ETFs using blockchain
technology, and views blockchain as a chance to boost the existing
ETF world and bring ETFs to more users.
WisdomTree CEO and Founder Jonathan
Steinberg believes that current blockchain solutions are underperforming,
and will use Securrency's blockchain expertise to correctly apply various
blockchain technology elements to "bring benefits to investors."
Spain-based CaixaBank added blockchain-powered finance platform
We.trade to its list of services on 3 Jan, becoming one of Europe's 1st banks to
offer its clients access to blockchain technology. The bank aims
to make the world's transactions safer and more trackable by offering
real-time transaction monitoring and by increasing transparency throughout the
process. As the platform can only be accessed by customers who are
authenticated and verified by member banks, there is a high level of trust and
security in the transactions.
The SEC's Office of Compliance
Inspections and Examinations (OCIE) recently published its list of 2020
examination priorities, and in it highlighted digital assets and
service providers as areas of concern.
This year, OCIE wants to address
investment suitability, trading practices, fund safety, pricing and the
effectiveness of compliance programs. It will also examine transfer agents
(entities which act as intermediaries in securities transactions) that are
“developing blockchain technology” or are providing services to
digital asset issuers. The OCIE also wrote that “the digital assets
market has grown rapidly and presents various risks, including for retail
investors who may not adequately understand the differences between these assets
and more traditional products”. During the recent Consumer Electronics Show
(CES) in Las Vegas, Vice Chairman of the Libra Association Dante Disparte
mentioned that "Bitcoin as an asset class has proven that mathematical scarcity
can support an incredibly exciting asset". Enterprise software vendor R3 was
awarded a patent for a blockchain-based record system to make corporate
information-sharing more efficient.
On 7 Jan, a BNN Bloomberg report claimed
that 2 Japanese mega-firms, SBI and GMO, have signed a deal with Whinstone Inc.
to process cryptocurrency transactions at a new mining facility of unmatched
scale.
A reward offered for finding vulnerabilities and issues in computer
code. It is often offered by cryptocurrency companies like protocols,
exchanges and wallets to identify potential security breaches or bugs before
they are exploited by unfriendly parties. 11 Jan - CryptoNight 2020 (Chile) 15
Jan - Crypto Finance Conference (Switzerland) 15 Jan - The North
American Bitcoin Conference (Miami, U.S.) 20 Jan - Blockchain Economic
Forum (Switzerland) 21 Jan - CV Summit Davos (Switzerland) 25 Jan - The Genesis
Block Conference 2020 (Bangalore, India) TBA - Justin Sun's lunch with Warren
Buffet "How much do you agree with this statement: "I believe that
companies who do not embrace blockchain now are making a
mistake (similar to how businesses who chose not to embrace the
internet back then have suffered)"" The average vote was 8.3. 59.7% of
y'all voted a '10'! Blockchain is obviously the future. It is like any
technology evolution, it may not be understood by most, but is definitely a part
of their lives. – True.
Why.. You can prove ownership of a document by
incorporating part of the ..doc.. you made into a time stamp manner in a block
chain....Why not... Steep learning curve and you must have an interest... also
someone show teach you how long corporate this into your business and how
it benefits ect. – Def a steep learning curve, but well worth taking the time to
understand it. Not yet, practical application is still a few years away from
mass adoption. The example of the Internet dot com boom was years earlier than
real world application for most businesses. Sure the most savvy could lead with
development of innovation now but most attempts at innovation fail and
most businesses use the innovation after its already proven to work. – Yeah, you
do make a valid point. it is about time business start using
blockchains in areas where possible like finance, supply chain, inventory etc..
we still need good dapps will business can integrate easily.. for large &
mid business they can invest in own development.. as dapps & use case
rise small business will join them.. one must at least start identifying
areas where blockchain can help improve their business.. – I agree. High
time they take a look at enterprise solutions.
Definitely, everything is
heading to way more of a digital society, and the companies that aren't
willing to change over may find themselves fazed out (or will find their
doors closed outright). Part of starting any business with a long-time strategy
requires accepting change where and when it comes along, that's just elementary.
– Gotta embrace change.
I think Blockchain will be the backbone of
new world era – That sure has a nice ring to it.
I believe companies
will do a disservice to themselves if they ignore the potential of
blockchain. Look back on the companies that did not embrace the internet
back then. Now is the opportunity to learn from their mistakes, dip your feet
in, do your research and realize this is the pinnacle moment to act and not
react. – Always gotta roll with the times or face being obsolete. Indeed, the
blockchain offers all for companies and remember record stores or blockbusters?
well those ignoring blockchain will soon be with them. – Ooo, harsh but I agree.
Read more! 
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CoinMarketCap Daily Newsletter “My mother
said I must always be intolerant of ignorance but understanding of illiteracy.”
- Maya Angelou In today's newsletter, we will be covering: $17 million funding
round in startup to bring blockchain tech to ETFs major Spanish bank to
bring blockchain into European finance the SEC's Office of
Compliance Inspections and Examinations' (OCIE) 2020 examination
priorities Total Market Cap: ~$219.5 billion (~4.5%) BTC Price: ~$8,350
(~6.0%) 24-Hour Volume: ~$97 billion (~14.1%) BTC Dominance: ~69.1% (~1.5%)
Notable movers: Chainlink (LINK) (~15.0%), Quant (QNT) (~16.5%), Horizen (ZEN)
(~15.5%) BTC is currently trading at ~$8,350, up ~6.0% over the
last 24 hours. This is the 6th straight green day for BTC - The last time BTC
streaked like this was back in early Aug 2019. On the daily chart, BTC broke to
the upside of its 21-day EMA line, a level it has not traded above since
early Nov 2019. RSI is currently at ~70, indicative of significant bullish
momentum. On the weekly chart, BTC is contesting its 50-EMA resistance line. The
MACD line looks to be approaching to cross to the upside of the signal line,
something we have not seen since early Feb 2019! BTC is still trading
within its lower highs and lower lows trading pattern/ channel/ zone it
has been trading within since late June this year. It is currently testing the
lower bound.
How much do you agree with this statement: "Most of my friendsare against crypto" Why do you think so? Share with me in the polls! Unlocking
the potential
According to a recent press release on 7 Jan, leadinginstitutional-grade blockchain builder in the financial and regulatory
industries, startup Securrency Inc., raised $17 million in a funding
round led by WisdomTree. WisdomTree, an asset manager, exchange-traded
fund (ETF) and exchange-traded product (ETP) backer, is seeking to merge
blockchain technology into the ETF market. It will work with
Securrency to widen the availability of ETFs using blockchain
technology, and views blockchain as a chance to boost the existing
ETF world and bring ETFs to more users.
WisdomTree CEO and Founder JonathanSteinberg believes that current blockchain solutions are underperforming,
and will use Securrency's blockchain expertise to correctly apply various
blockchain technology elements to "bring benefits to investors."
Spain-based CaixaBank added blockchain-powered finance platform
We.trade to its list of services on 3 Jan, becoming one of Europe's 1st banks to
offer its clients access to blockchain technology. The bank aims
to make the world's transactions safer and more trackable by offering
real-time transaction monitoring and by increasing transparency throughout the
process. As the platform can only be accessed by customers who are
authenticated and verified by member banks, there is a high level of trust and
security in the transactions.
The SEC's Office of ComplianceInspections and Examinations (OCIE) recently published its list of 2020
examination priorities, and in it highlighted digital assets and
service providers as areas of concern.
This year, OCIE wants to addressinvestment suitability, trading practices, fund safety, pricing and the
effectiveness of compliance programs. It will also examine transfer agents
(entities which act as intermediaries in securities transactions) that are
“developing blockchain technology” or are providing services to
digital asset issuers. The OCIE also wrote that “the digital assets
market has grown rapidly and presents various risks, including for retail
investors who may not adequately understand the differences between these assets
and more traditional products”. During the recent Consumer Electronics Show
(CES) in Las Vegas, Vice Chairman of the Libra Association Dante Disparte
mentioned that "Bitcoin as an asset class has proven that mathematical scarcity
can support an incredibly exciting asset". Enterprise software vendor R3 was
awarded a patent for a blockchain-based record system to make corporate
information-sharing more efficient.
On 7 Jan, a BNN Bloomberg report claimedthat 2 Japanese mega-firms, SBI and GMO, have signed a deal with Whinstone Inc.
to process cryptocurrency transactions at a new mining facility of unmatched
scale.
A reward offered for finding vulnerabilities and issues in computercode. It is often offered by cryptocurrency companies like protocols,
exchanges and wallets to identify potential security breaches or bugs before
they are exploited by unfriendly parties. 11 Jan - CryptoNight 2020 (Chile) 15
Jan - Crypto Finance Conference (Switzerland) 15 Jan - The North
American Bitcoin Conference (Miami, U.S.) 20 Jan - Blockchain Economic
Forum (Switzerland) 21 Jan - CV Summit Davos (Switzerland) 25 Jan - The Genesis
Block Conference 2020 (Bangalore, India) TBA - Justin Sun's lunch with Warren
Buffet "How much do you agree with this statement: "I believe that
companies who do not embrace blockchain now are making a
mistake (similar to how businesses who chose not to embrace the
internet back then have suffered)"" The average vote was 8.3. 59.7% of
y'all voted a '10'! Blockchain is obviously the future. It is like any
technology evolution, it may not be understood by most, but is definitely a part
of their lives. – True.
Why.. You can prove ownership of a document byincorporating part of the ..doc.. you made into a time stamp manner in a block
chain....Why not... Steep learning curve and you must have an interest... also
someone show teach you how long corporate this into your business and how
it benefits ect. – Def a steep learning curve, but well worth taking the time to
understand it.
Not yet, practical application is still a few years away frommass adoption. The example of the Internet dot com boom was years earlier than
real world application for most businesses. Sure the most savvy could lead with
development of innovation now but most attempts at innovation fail and
most businesses use the innovation after its already proven to work. – Yeah, you
do make a valid point. it is about time business start using
blockchains in areas where possible like finance, supply chain, inventory etc..
we still need good dapps will business can integrate easily.. for large &
mid business they can invest in own development.. as dapps & use case
rise small business will join them.. one must at least start identifying
areas where blockchain can help improve their business.. – I agree. High
time they take a look at enterprise solutions.
Definitely, everything isheading to way more of a digital society, and the companies that aren't
willing to change over may find themselves fazed out (or will find their
doors closed outright). Part of starting any business with a long-time strategy
requires accepting change where and when it comes along, that's just elementary.
– Gotta embrace change.
I think Blockchain will be the backbone ofnew world era – That sure has a nice ring to it.
I believe companieswill do a disservice to themselves if they ignore the potential of
blockchain. Look back on the companies that did not embrace the internet
back then. Now is the opportunity to learn from their mistakes, dip your feet
in, do your research and realize this is the pinnacle moment to act and not
react. – Always gotta roll with the times or face being obsolete. Indeed, the
blockchain offers all for companies and remember record stores or blockbusters?
well those ignoring blockchain will soon be with them. – Ooo, harsh but I agree.
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