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Following my passion: Why I’m joining CoinFund

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I am super excited to join the CoinFund team as a Managing Partner, with a focus on our liquid investment strategies. Blockchain, digital assets, and the development of decentralization technology have been extracurricular passions of mine since 2012. Now it’s time to go full time!

Jake, Alex, Oleg, Devin, Ryan and Jason have built an amazing reputation in the blockchain space as early thought leaders, researchers, and valuable partners to projects. CoinFund has invested in some of the top emerging growth companies of the past two years. I look forward to helping to broaden the firm’s expertise and product offerings in the liquid crypto and equity markets.

My focus is going to be on merging our team’s deep knowledge of digital asset markets with a core fundamental investing approach, as well as finding opportunities within traditional equities where our understanding of the decentralized world provides an edge. I call the latter opportunity convergence, where crypto and equity markets become more integrated, and I think we will see that expand over time. Risk management will be critical, as it offers a great opportunity to generate outperformance when volatility is high, like in these new markets.

Digital assets are a new asset class that requires a multifaceted approach to helping investments succeed. A foundational example is CoinFund’s network lifecycle investing, our approach to investing in decentralized protocols that the team has refined over several years. While support starts with capital, as a new protocol grows we provide key technical, infrastructure, and governance support. CoinFund brings to the table one of the longest track records- over 30 years of combined blockchain experience- with blockchain technology development, protocol design, digital asset economics, and decentralization roadmaps.

Education is going to be a key focus. Over the next few months you should expect to see a lot more of CoinFund as we roll out new educational resources and products. If you see the CoinFund team at events, please say hi! While the community is still small, there are constantly new faces, and a big part of our excitement for the future comes from the extraordinary talent, both young and older, betting their careers on this space.

I enter this new role with 18 years of fundamental investing experience at what I consider one of the top long-only investment firms on the Street, Jennison Associates. I have been lucky to learn from the best: investors who have been early in finding companies with high quality, durable, and misunderstood growth through all market conditions since 1969. I couldn’t imagine a better training ground for my venture into the blockchain space!

I couldn’t finish this ‘Hello, World!’ without a quick market perspective. I am very bullish on Bitcoin’s price over the next few years. A series of fundamental catalysts are on the horizon in the first part of this year, and 2H19 was characterized by a number of short-term fundamental and technical dynamics that put downward pressure on price. The analogy I like to use is that Bitcoin was like a balloon being pushed under water at the end of last year, and that downward pressure should end by mid-year at the latest, and potentially sooner. As has happened in prior cycles, I think a move higher in Bitcoin is likely to unleash the next wave of innovation and investment into the ecosystem, which further strengthens the foundation. When this occurs, there will once again be lots of companies and assets that go up in valuation quickly, and down even faster, but out of each bubble comes a new wave of talent, infrastructure, and ideas that will lead the space to the next order of magnitude increase in value, both economic and societal.

I can’t wait to see how the next decade unfolds, and I look forward to meeting many of you over the course of this year!

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Following my passion: Why I’m joining CoinFund was originally published in The CoinFund Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Source: https://blog.coinfund.io/following-my-passion-why-im-joining-coinfund-6dfcd22c46e5?source=rss—-f5f136d48fc3—4

Blockchain

LINK Marines Lock and Load as Price Falls to Six Week Low

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Chainlink’s native token LINK has been one of the hottest crypto assets this year but that has not helped it escape this week’s big selloff.

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Crypto asset markets have dumped $35 billion in terms of total capitalization since the weekend and the sell-off looks set to continue as Bitcoin and its brethren weaken.

A number of crypto assets are retreating from their all-time highs this year and investors are looking for entry points. Chainlink is among them as one of the year’s best performing crypto assets cools off quicker than some of its competitors.

LINK Marines Loading Up

LINK prices have collapsed to their lowest levels for almost two months in a fall back to $7.30 according to Tradingview.com.

LINK price
LINK price – tradingview.com

There has been a minor recovery today as the token topped $8 again, but it is still massively down from its all-time high in mid-August. Back then the Chainlink token briefly touched $20 but it has been a downward slide ever since resulting in a 60% slump to current levels.

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This price zone serves as solid support, however, there may be another dip to the 200 day moving average which lies around the $6.60 level.

Crypto investors have been eyeing the charts and are loading up on LINK which could drive prices back up in the short term. Trader and analyst going by the twitter handle ‘RNB (Crypto Warrior)’ (@CryptoWarrior01), has seen the same chart predicting a bounce back to $10 or $12.

The sentiment has been echoed by fellow trader ‘MacroLINK’ (@MacroCRG), who has also admitted to becoming a ‘LINK Marine’ and entering at these levels.

Further downsides are expected though if markets continue to bleed as they have done for most of this week. Chainlink’s market capitalization is currently just over $3 billion which puts it ahead of Crypto.com but just below Binance Coin according to Coingecko.

Crypto Market Selloff Accelerates

LINK has not been the only token to suffer, however, it has been in a downtrend for around six weeks.

Bitcoin, which is largely the bellwether for the rest of the market, is holding crucial support just below $10,300 at the time of writing. Failure to hold here will see the asset tumble back into four figures pretty quickly.

Ethereum is also in pain, falling to its lowest level for three weeks and crucial support at $325. Many of the lower cap altcoins, especially the DeFi related ones have dumped 50% since their giddy peaks in recent weeks.


To get the daily price analysis, Follow us on TradingView

Author: Martin Young




Martin has been writing on cyber security and infotech for two decades. He has previous forex trading experience and has been covering the blockchain and crypto industry since 2017.

Source: https://coingape.com/link-marines-lock-and-load-as-price-falls-to-six-week-low/

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Blockchain

Bitcoin’s realized cap has increased by more than 50 percent or $43 million

Bitcoin’s realized cap increased by over $43 million Ethereum had a new realized cap low of $22.4 billion in April 2020 This data is more accurate for the long-term investors Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000. Bitcoin’s current market capitalization is $190 […]

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  • Bitcoin’s realized cap increased by over $43 million
  • Ethereum had a new realized cap low of $22.4 billion in April 2020
  • This data is more accurate for the long-term investors

Data from Glassnode shows Bitcoin’s realized cap is $43 million over its highs in 2017 when traded at $20.000.

Bitcoin’s current market capitalization is $190 billion. This new high implies that the BTC holders are profiting 65 percent.

Bitcoin’s realized cap shows the last price traded and multiplied by the total supply. For example, if the trader has BTC 100 coins and sells just one for $2, the market cap, in this case, is $200. 

The realized cap is measured by taking all coins at the price they last transacted on-chain. In essence, that’s the price the traders paid for Bitcoin.

That allows analysts to determine the amount of an asset’s original price for market partakers’ tax purposes. The exchanges where all orders, no matter if they are “buy” or “sell” orders, are directed through a central exchange. In other words, centralized exchanges are out of this estimation. So this data is more accurate when we speak about with a longer horizon.

What do the metrics chart show?

Bitcoin's realized cap has increased by more than 50 percent or $43 million 1
Image source: Glassnode

It’s easy to see that the realized cap remained to increased higher in the first quarter of 2018. Also, it is clearly shown the testing $90 billion in the period from January to May. It happened three times, notwithstanding prices having dropped back level lower than $10,000.

Also, the chart shows the Bitcoin’s realized cap was in a steady trend of growth.

How many crypto-addresses are successful?

Another research shows that over 72 percent of them are in profit at this moment. Most investments were made in the price scale from $1,040 to $5,285, and from $8,450 to $9,560.Ethereum tried to recover its previous.s highs.

It was a real struggle. ETH’s realized cap revealed the longer downtrends. In April 2020, it had a new low of $22.4 billion. Also, a smaller number of ETH addresses are profitable, according to available data, it is 62 percent. The most significant number of ETH was sold at $160.

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Blockchain

Gemini exchange now available for UK crypto investors

Gemini exchange has launched in the UK. The exchange will serve both retail and institutional investors. This follows the recent EMI license awarded to the company by FCA. Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement […]

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  • Gemini exchange has launched in the UK.
  • The exchange will serve both retail and institutional investors.
  • This follows the recent EMI license awarded to the company by FCA.

Cryptocurrency investors in the United Kingdom (UK) will now be able to access Gemini’s suite of digital currency services. The cryptocurrency exchange said in a press statement that it has fully launched in the country. The Gemini exchange launch in the UK was said to be a part of its plan to expand its operations globally.

Gemini exchange launches in the UK

Following the recent announcement, both the retail and institutional UK investors can access Gemini exchange for services like crypto trading, custody services, and market data, all in their local currency. The exchange will reportedly offer additional features for the UK residents, such as local support and faster means of funding their accounts in pounds sterling (GBP), thereby avoiding exchange rate fees.

The UK is a global center of financial innovation with a stringent and progressive regulatory regime,” said Tyler Winklevoss, the CEO of Gemini exchange. “Going live with our full services available in GBP in the UK is another exciting step forward in Gemini’s international expansion, advancing our mission to empower individuals and organizations around the world through crypto.

Gemini registration in the UK

The launching of Gemini exchange in the United Kingdom follows the recent Electronic Money Institution (EMI) license that was awarded to the company by the UK’s Financial Conduct Authority (FCA). The exchange will be operating in full compliance with the regulator, given that it also received FCA’s approval under the Fifth Money Laundering Directive (5MLD) crypto-asset registration process.

As Cryptopolitan reported, two Gemini entities, namely Gemini Europe and Gemini Europe Services was approved in August and have been enlisted on FCA’s website as registered companies. Gemini Europe Services manages the exchange and custodian operation in Europe, while Gemini Europe facilitates e-money services.

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