Tuesday, July 5, 2022
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

by firstcryptonews
July 14, 2019
in Industry
With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now.

Over the last couple of weeks, numerous reports have emerged that Netflix is working on a new documentary about cryptocurrencies, as a follow-up to its 2016 film “Banking on Bitcoin.” It’s probably well overdue. Given how far the crypto space has come over recent years, the themes of Banking on Bitcoin seem somewhat antiquated these days. It covers the origins of the cypherpunk movement, the Mt. Gox hack, and the takedown of Ross Ulbricht, among others.

While these themes were perhaps relevant in 2014-2016, fast forward to 2019 and the crypto space has long departed from the Banking on Bitcoin “techno-pirate” story. JPMorgan and Facebook are both working on their own versions of a cryptocurrency. In Switzerland, the Swiss SIX stock exchange will soon launch its own digital asset offering.

Furthermore, institutional money is pouring in, driving the price of Bitcoin up to highs not seen since 2017.

The reason for this influx of institutional cash is that there are now many different routes into cryptocurrency. Back in the days when the Banking on Bitcoin crew was filming, the only option for crypto investors was to entrust an exchange. Post-Mt. Gox that involved a huge leap of faith.

These days, the efforts of exchanges like Binance, Bittrex, and Kraken have legitimized retail crypto trading platforms, and all are doing their best to attract institutional money as well. However, this involves offering more than access to tokens. Retail investors may have helped to inflate the 2017 bubble by investing in ICOs, but institutional investors want access to the kinds of funds, derivatives, and other financial instruments available on the traditional financial markets.

This spells great news for retail investors, as many of these avenues are also open to individuals as well.

Funds
As in traditional finance, funds can take on many forms, including hedge funds, index funds, and VC funds, to name a few. For institutions, Pantera Capital welcomes investors with over $100k to put into its hedge fund, while the Digital Asset Index Fund tracks the performance of a basket of cryptocurrencies, with a heavy focus on Bitcoin.

Individuals also have a choice of fund investment options. AMFEIX is an actively managed fund which groups investors’ funds into a pool which is then traded on liquid exchanges by experienced crypto traders. It publishes monthly reports on the fund performance, which show an impressive average monthly return of 23% to investors. The minimum investment amount is set at an affordable 0.02 BTC, and you can sign up pseudo-anonymously.

Crypto index funds have traditionally been available only to institutional investors, but this is starting to change. The Bit20 fund tracks a basket of 20 crypto assets but is only available on the BitShares platform. Iconomi offers the opportunity to invest or create your own array of digital assets, essentially creating your own crypto index fund.

Derivatives
There are various types of cryptocurrency derivatives available. Futures and swaps are two of the most common. The Chicago Mercantile Exchange was among the first to offer Bitcoin futures to institutions in December 2018, and the Intercontinental Exchange has recently announced it will start testing Bakkt, an institutional-grade platform for physically settled Bitcoin futures.

For individual investors, many exchanges now offer derivatives trading platforms including OKEx, Huobi, and soon, Binance. BitMEX, Cryptofacilities, and Deribit are all dedicated derivatives exchanges open to retail traders. Each platform has its own offering with various fees, margin, and underlying assets so you’ll need to do your research carefully.

Tokenized Assets
Tokenizing physical assets is an exciting development in the fintech space but is still very much in its infancy. The options are potentially limitless – we’re seeing the opportunity to tokenize real estate, fine art, company stocks, precious metals, even racehorses or football clubs. Because it’s still in its earliest stages, much of the infrastructure such as regulated digital asset exchanges is still under development. However, in the institutional space, this is creating big waves.

For retail investors, options are opening up. Earlier this year, Estonia-based DX.Exchange launched its offering of tokenized stocks, allowing investors to buy stock tokens in companies like Tesla and Apple. If you prefer more of a safe-haven asset, then Digix offers the opportunity to invest in tokenized gold.

Closing Thoughts
These developments illustrate that it’s time for crypto to start being painted in a new light. Rather than the image of Bitcoin being a volatile, illicit currency only used by technogeeks, crypto is entering a new era. With institutions now firmly in on the game, the Netflix filmmakers need to find a different story to tell.

Related Posts

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

by firstcryptonews
September 8, 2021
0

Panama is reportedly working on a crypto regulation that might legalize Bitcoin ($BTC) and Ethereum ($ETH) as legal modes of...

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

Ex CFTC Chair says Bitcoin ETF would be good for investors and regulators

by firstcryptonews
July 8, 2021
0

Timothy Massad, former chairman of Commodity Futures Trading Commission (CFTC) has become the latest US regulatory executive to advocate for...

NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world.  Contributing to the Greater Good  The new CFO held a similar position at Bridgewater Associates, the world’s largest hedge fund, before his appointment to NYDIG. Dalby said that he is delighted to join the team and was committed to helping NYDIG deliver innovative Bitcoin solutions to individuals and institutions.  The former CFO of Bridgewater Associates joins NYDIG during a period of rapid growth. The leading provider of investment solutions for BTC recently raised over $200M in additional capital from a group of strategic partners. The funds came from top institutions such as Morgan Stanley, MassMutual, New York Life, Liberty Mutual, Stone Ridge Holdings Group, and more.  NYDIG also launched a global Insurance Solutions practice that will spearhead the development of bitcoin-powered products and services for the global insurance sector. According to Robert Gutmann, Co-founder of NYDIG, Mr. Dalby brings deep financial services experience to help the crypto custody firm build institutional solutions that deliver BTC safely to everyone.  NYDIG to Help US Banks Offer Bitcoin In what has been viewed by many crypto enthusiasts as another step toward crypto’s mainstream adoption, NYDIG has unveiled an industry-first bitcoin solution for banks.  Rolled out in partnership with fintech giant Fidelity National Information Services, the new product will enable clients of some U.S. banks to buy, hold and sell BTC via their existing accounts.  According to Patrick Sells, head of bank solutions at NYDIG, hundreds of smaller US banks have already agreed to participate in the program. The firm is now engaging some of the leading U.S. banks to join in and enable ordinary Americans to get access to BTC through their existing bank relationships.  Until now, many BTC adopters have been forced to go outside of their traditional banking relationships to acquire the benchmark cryptocurrency.   The vast majority of traditional banks have steered clear of offering bitcoin to their retail customers. Therefore investors often rely on crypto-centric companies like Coinbase or payment giants such as Square and PayPal to purchase bitcoin.  The revolutionary solution from NYDIG will facilitate banks to offer crypto assets to their retail banking clients via a seamless, easy-to-use digital experience.  More Banks Are Asking For Bitcoin Top Wall Street banks only recently warmed up to crypto and unveiled plans to allow their wealth management clients bet on bitcoin. However, they have so far refrained from offering the service to retail customers.  Nevertheless, more traditional banks are now asking for bitcoin as demand for the asset mounts from retail banking customers.  According to Yan Zhao, president of NYDIG, these banks are under increasing pressure to offer BTC to their clients as its reputation as a store of value continues to grow.  “This is not just the banks thinking that their clients want bitcoin, they’re saying `We need to do this, because we see the data.’ They’re seeing deposits going to the Coinbases and Galaxies and Krakens of the world,” Zhao noted.  The NYDIG head predicts that giant banking institutions could soon face pressure to offer bitcoin to more clients as smaller banks roll out their own crypto services.

NYDIG, a leading bitcoin financial services firm, has announced that it will welcome the CFO of Bridgewater Associates John Dalby to its team. Dalby joins NYDIG as the new Chief Financial Officer (CFO) in what represents one of the biggest personnel shifts from the mainstream financial industry to the crypto world. Contributing to the Greater Good The new CFO held a similar position at Bridgewater Associates, the world’s largest hedge fund, before his appointment to NYDIG. Dalby said that he is delighted to join the team and was committed to helping NYDIG deliver innovative Bitcoin solutions to individuals and institutions. The former CFO of Bridgewater Associates joins NYDIG during a period of rapid growth. The leading provider of investment solutions for BTC recently raised over $200M in additional capital from a group of strategic partners. The funds came from top institutions such as Morgan Stanley, MassMutual, New York Life, Liberty Mutual, Stone Ridge Holdings Group, and more. NYDIG also launched a global Insurance Solutions practice that will spearhead the development of bitcoin-powered products and services for the global insurance sector. According to Robert Gutmann, Co-founder of NYDIG, Mr. Dalby brings deep financial services experience to help the crypto custody firm build institutional solutions that deliver BTC safely to everyone. NYDIG to Help US Banks Offer Bitcoin In what has been viewed by many crypto enthusiasts as another step toward crypto’s mainstream adoption, NYDIG has unveiled an industry-first bitcoin solution for banks. Rolled out in partnership with fintech giant Fidelity National Information Services, the new product will enable clients of some U.S. banks to buy, hold and sell BTC via their existing accounts. According to Patrick Sells, head of bank solutions at NYDIG, hundreds of smaller US banks have already agreed to participate in the program. The firm is now engaging some of the leading U.S. banks to join in and enable ordinary Americans to get access to BTC through their existing bank relationships. Until now, many BTC adopters have been forced to go outside of their traditional banking relationships to acquire the benchmark cryptocurrency. The vast majority of traditional banks have steered clear of offering bitcoin to their retail customers. Therefore investors often rely on crypto-centric companies like Coinbase or payment giants such as Square and PayPal to purchase bitcoin. The revolutionary solution from NYDIG will facilitate banks to offer crypto assets to their retail banking clients via a seamless, easy-to-use digital experience. More Banks Are Asking For Bitcoin Top Wall Street banks only recently warmed up to crypto and unveiled plans to allow their wealth management clients bet on bitcoin. However, they have so far refrained from offering the service to retail customers. Nevertheless, more traditional banks are now asking for bitcoin as demand for the asset mounts from retail banking customers. According to Yan Zhao, president of NYDIG, these banks are under increasing pressure to offer BTC to their clients as its reputation as a store of value continues to grow. “This is not just the banks thinking that their clients want bitcoin, they’re saying `We need to do this, because we see the data.’ They’re seeing deposits going to the Coinbases and Galaxies and Krakens of the world,” Zhao noted. The NYDIG head predicts that giant banking institutions could soon face pressure to offer bitcoin to more clients as smaller banks roll out their own crypto services.

by firstcryptonews
May 10, 2021
0

Recently, crypto analyst and influencer Tyler Swope commented on what he will believes will be the next hot sector in...

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

by firstcryptonews
May 9, 2021
0

SEC chairman Gary Gensler along with several other financial experts testified before the Financial Services Committee about the recent GameStop...

This is what some economists are getting wrong about Bitcoin

This is what some economists are getting wrong about Bitcoin

by firstcryptonews
March 17, 2021
0

The intrinsic value of an asset determines its long-term existence in the market. The ‘spicy’ flavor is the intrinsic value...

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

by firstcryptonews
January 6, 2021
0

Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the...

Next Post
Can Trump Ban Bitcoin?: Here’s What Analyst Alex Kruger Alludes

Can Trump Ban Bitcoin?: Here’s What Analyst Alex Kruger Alludes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Satozhi

Satozhi (SATOZ) Introduces a Proof-of-Burn Decentralized Platform

1 year ago
AADA Decentralized Lending

Aada Finance Introduces ISPO Incentive Bonus

8 months ago
Lucid Sight Joins Hands with CBS Interactive to Bring Star Trek on Blockchain Platform

Lucid Sight Joins Hands with CBS Interactive to Bring Star Trek on Blockchain Platform

3 years ago
KRYPTOX

KRYPTOX is the a new file sharing provider, revolutionize we store our data in the cloud.

10 months ago
FlappyDoge

Flappy Doge Releases its First Three Characters From its Upcoming Play to Earn Metaverse

6 months ago
quiverx

QuiverX: QuiverX + Ternio Blockcard Partnership

2 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

June 18, 2022

Press Release

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

July 5, 2022

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News