Category Archives: Blockchain Cryptocurrency

Buying Bitcoin BTC Is Investing and Saving for Retirement

Buying Bitcoin (BTC) Is Investing and Saving for Retirement

When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles.

BTC Perception Is Improving

Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years.

According to the research results, the percentage of people that have heard of Bitcoin rose from 77 percent in October 2017 to 89 percent in April 2019. Also, the percentage of people that are familiar with Bitcoin is up from 30 percent in October 2017 to 43 percent in April 2019.

Then again, and this is not surprising, the perception of Bitcoin amongst ordinary citizens is changing for the better. In 2017, 34 percent of the people surveyed believed that Bitcoin is an innovative technology. That figure is now up, increasing to 43 percent in 2019. However, what’s interesting is that more people are convinced that Bitcoin will find more utility in the next decade.

The survey further reveals that more people are open to purchasing Bitcoin now than they were in 2017, with the percentage rising from 19 percent in October 2017 to 27 percent in April 2019. The fact that the younger generation finds Bitcoin more appealing shows that the world’s most valuable asset has the potential to become an investment tool for decades to come.

Bitcoin Is Excellent As a Retirement Investment Tool

Therefore, it is not odd that as the popularity of Bitcoin increases, analysts are convinced that the coin—with superior ROI can, after all be an alternative asset for retirement investment. As a matter of fact, Jason A. Williams, the co-founder, and partner at Morgan Creek Digital, revealed that more people are saving Bitcoin for their retirement.

In a tweet he says:

“1 BTC is $7,000 today, but less than 1 in 3 Americans has more than $5,000 saved for retirement. Always pay yourself first. Buy Bitcoin!”

This statistics is an impressive considering the current state of Bitcoin and the regulatory challenges the community continues to face. Williams further added that “the numbers tell the story. They always do. Bitcoin tells its story in numbers and math. Trust in numbers.”

The cryptocurrency expert is right in his comments. When comparing the growth of Bitcoin against traditional investment vehicles over the past decade, it is clear to see why the younger generation is turning to BTC at this time.

Over the past fifteen years, the NASDAQ top-100 has given a total return of over 500 percent while the S&P 500 has given 254 percent. In the same period, commodities dropped by 34 percent. On the flip side, Bitcoin rallied 1,950 percent. This year alone, Bitcoin gains exceed 100 percent. All this is after last year’s crypto winter that saw the asset tumble 75 percent allowing for attacks. But even so, Bitcoin did outperform almost all traditional assets like Gold adding 58 percent year on year outperforming S&P and other traditional indices. It is because of that that Bitcoin could be a great retirement investment option.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

The Wait Is Over Bitcoin BTC Is Now Mainstream

The Wait Is Over, Bitcoin (BTC) Is Now Mainstream

In 1918 Nicholas Klein addressed the Amalgamated Clothing Workers of America in Baltimore with a quote that best describes Bitcoin’s current journey to mainstream adoption. He said,

“And, my friends, in this story you have a history of this entire movement. First, they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.”

No one is building monuments to Bitcoin yet, because those who initiate such projects are busy attacking and looking for ways to ban and burn Bitcoin.

Congressman Bradley Sherman, for instance, has proposed a bill that seeks to outlaw crypto trading in the U.S. He called on Congress to “nip this in the bud,” which apparently, is not the first opposing stance the congressman has taken against digital currencies.

Sherman reasoned that “… an awful lot of our global power comes from the fact that the Dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil transactions.”

Well, Bitcoin Will Nip Global Economy Manipulation in The Bud

Sherman goes on to add that “… it is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have on Iran, for example, would become irrelevant.”

In those few words, Mr. Sherman illustrates to the Congress why Bitcoin has such utility and actual value and why its mass adoption has become unstoppable. The manipulation of global politics via the Dollar is something crypto is going to make a thing of the past.

Elsewhere the Winklevoss twins’ Gemini and Flexa a startup focused on payments are in a partnership that could open wide the doors of crypto use in mainstream commerce. Flexa’s crypto app Spedn has been integrated into the payment scanners of big-name retailers such as Barrel, Crate, Whole Foods and Nordstrom.

In a statement, Flexa CEO Tyler Spalding said:

“This is the first real instance of decentralized global retail payments, with the power to make commerce more efficient and accessible for billions of citizens globally. The legacy payment systems are complicated and costly. This solution provides a way for cryptocurrencies to solve these problems and allow merchants to conduct inexpensive and fraud-resistant transactions.”

This will help crypto owners to pay for goods using Bitcoin, Ethereum, Bitcoin Cash or Gemini Dollar. The real-time payment interface will pay merchants in fiat or crypto as per their choice. Thanks to Flexa’s ecosystem, merchants will no longer have to worry about real-time transaction clearances that once hampered crypto purchases.

Legacy Financial Institutions Massive Moves for Bitcoin

Bitcoin prices are still on the rise, with their value now at 8,106. As more institutional investors set their sights on Bitcoin, the bull run of the season might be on. Massive Wall Street Wheeler-dealer Intercontinental Exchange application to the U.S. Commodity Futures Trading Commission (CFTC) for their Bitcoin Futures approval looks imminent as “User acceptance testing for Bitcoin futures custody and trading planned for July.”

Bakkt’s operations have been hampered by a multitude of regulatory hurdles, but the firm has its eyes now set on July as its launch date. Giant financial services firm Fidelity Investment’s crypto trading platform is also in the pipeline. The platform is expected to be rolled out “within a few weeks” sources say. Fidelity’s platform is eyeing institutional investors interested in Bitcoin investments.

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Get Paid to Subscribe

Get Paid to subscribe

As we move forward there are three facets to Markethive not available anywhere else.

  1. List all your social networks into the Markethive social account panel

     
  2. Subscribe to Markethive’s blogs

     
  3. Subscribe to Markethive’s Social Networks
  1. Twitter https://twitter.com/markethive
  2. Telegram https://t.me/markethive
  3. Reddit https://www.reddit.com/r/markethive/
  4. Instagram https://www.instagram.com/markethive/
  5. Youtube https://www.youtube.com/markethiveceo
  6. LinkedIn  https://www.linkedin.com/company/3666602/admin/
  7. Facebook  https://www.facebook.com/pg/MarketHive
  8. Pinterest  https://www.pinterest.com/markethive/
  9. Diigo  https://diigo.com/@markethive
  10. Medium  https://medium.com/@markethive
  11. Tumblr  https://www.tumblr.com/blog/markethive  

     

Install the Alexa browser extension. SDoon we will also be able to detect when you log in if you have the Alexa browser and that will also give you further faucet (micro payment awards) Get the extension here
https://www.alexa.com/toolbar

ecosystem for entrepreneurs
Markethive Advertisement

Here is why. Markethive is a blockchain with our own coin and our own economy, ecosystem. This means we can reward you, will reward you, for your following our social networks. Since we will have your accounts in Markethive, we will be able to check your accounts in Markethive against our social networks and set up a bounty program to reward you with ongoing coin.

As we ad being a media content provider and offer services like Press Releases and sponsored articles, having the huge social connections ads major value to our services, which ads additional revenue to our company, which means we will reward you because of this. Make sense? But it gets even more powerful and we need your engagement.

We are preparing to build a real Press Release system, similar to blogging, but syndicated and distributed to a huge database we are building of 1000+ news sites like Buzzfeed, Medium, Bizjournals, Marketwatch, Boston Globe, San Jose Mercury News and Yahoo news.

Syndication can also include your WordPress sites via Markethive’s plugin just like to our sites like Markethive.com, Markethive.net, Ewav.net, Aboutbitco.in, Iwav.net etc.

Now ad into this our ability to publish to our own social networks (8) each with 10,000 members and you get the picture. But it is even bigger than that. We will make it beneficial for all Entrepreneur upgraded members to enter their social groups into our Press Release system and sponsored article system, were as they are all set up to receive the press releases to all their social accounts. This will be another point of revenue as we grow.

So seriously learn the system, understand Inbound Marketing, learn how to write blogs and build autoresponders. If that is over your head, just upgrade to Entrepreneur and let us do the rest. Either way, you will come alive with Markethive.

ThomasPrendergast
CEO and Founder
Markethive.com

P.S. John Norman and others. The FREE Alexa browser extension is the blue button down on the page. Not the orange button in the top right corner.

 

Posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Bitcoin and Cryptocurrency Litigation

Bitcoin and Cryptocurrency Litigation

Images Source

Bitcoin and other cryptocurrencies are gaining more attention as days pass. Aside from the advantages that cryptocurrencies have like anonymity and easy international transactions, people are enticed by the fact that it can become a good investment. Apart from trading bitcoins for cash, you can also use bitcoins to buy gift cards, book flights, and hotels, buy furniture, or even buy real estate properties. Bitcoin purchases are not taxed at the moment since there is no way for third parties to identify, track, or intercept transactions that use bitcoins. Transaction fees are considerably lower as well compared to credit card transactions or services like Paypal.

Although there are many advantages in using bitcoin or other cryptocurrencies, just like any other investments, you should always be careful with your transactions. Since cryptocurrency is not regulated, many unscrupulous people have taken advantage of this and incidents of fraudulent cryptocurrencies, and other types of scam related to cryptocurrency have happened. One example of this is Prodeum, a cryptocurrency start-up that scammed its investors in just one weekend.

Because of these scams, law firms have now been involved in helping the victims. Cryptocurrency litigation has now become something that some lawyers specialize in. There are a lot of factors to consider when a cryptocurrency dispute arises. Aside from fraudulent Initial Coin Offering (ICO), lawyers could get involved if the cryptocurrency was used to launder money or hide assets; they could also get involved when there is an issue with the company, commercial, or intellectual property laws being violated in relation to cryptocurrency.

Here are some things that you can do as a cryptocurrency user to avoid being scammed:

1. Research. – Just like with any other investments that you will make, research is essential. When investing in an ICO, make sure to read and dissect their white papers to ensure that you’re working with reliable people. Take time to research the people behind the ICO, their whole team, board members, and other investors. It’s vital for you to learn as much as you can about the company before investing so that there will be no unpleasant surprises.

2. Be vigilant. – Cryptocurrency is still primarily bought and sold at exchanges. Because cryptocurrency is something new and the fuss around it is its value, many people get scammed by the promise of unrealistic prices. If an exchange promises incredible discounts or offers that seem too good to be true, it probably is. Another thing that you can do to avoid bitcoin exchange scams is to check the exchange’s URL. If a website’s address starts with HTTPS instead of just HTTP, that means that the traffic is encrypted and therefore has more protection.

3. Only use trusted sources. – Hardware wallet is a physical device that stores your private keys. Hardware wallets offer more protection from hacking since there is no way for hackers to access them when you’re not online. However, hackers have now found a way around that. Some hackers sell hardware wallets that have a backdoor for them to access all your cryptocurrency and the best way to avoid this is only to accept hardware wallets from trusted sources.

In need of expert legal advice? Contact us at Hogan Injury.

None of the content on Hoganinjury.com is legal advice nor is it a replacement for advice from a certified lawyer. Please consult a legal professional for further information.

Original article posted on the Hogan Injury Website

Syndicated article, by permission, posted on Markethive, by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Ukraine: Economic Development and Trade Ministry Launches State Policy to Legalize Crypto

Ukraine: Economic Development and Trade Ministry Launches State Policy to Legalize Crypto

The Economic Development and Trade Ministry of Ukraine has initiated a “state policy” for the classification and legalization of crypto-related activities, Ukrainian state information and news agency Ukrinform reported Oct. 26.

The Ministry has reportedly issued an official press release stating that its purpose is to “create understandable conditions for conducting activities in the field of virtual assets and virtual currencies," and to usher in “adoption of the concept of a state policy” for crypto.

To this end, it has proposed establishing legal definitions for key terms, including “virtual currency” (“cryptocurrency,”) “virtual assets,” Initial Coin (or Token) Offerings (ICOs or ITOs), cryptocurrency mining, “smart contracts,” and “tokens.”

Ukrinform reports the concept is expected to be implemented in two stages, and will be completed in 2021.

Although Ukraine has not until now regulated crypto, the first signs the country was on track to its legalization surfaced in mid-May, when a member of the parliament, Alexei Mushak, attached a copy of an apparent draft legislation document for crypto to his public Facebook page.

The document outlined that the legislation aims to create a “free and transparent” digital asset market, outlining rules for storing, using, and exchanging crypto, digital tokens, and smart contracts at a state, entity, and individual level.

In mid-September, the country’s parliament proposed a draft bill that, if signed into law, would levy a five percent tax on individuals’ and entities’ crypto holdings. For businesses’ crypto-related profits, it proposed the basic corporate and personal income tax rate of 18 percent.

An alternative bill proposing specific crypto tax exemptions and a slightly different definition of various types of crypto assets was put forward by a Ukrainian legislator in early October.

As of mid-October, a dedicated working group within the Ministry of Finance has reportedly been working to elaborate the framework for crypto taxation.

In parallel, the National Bank of Ukraine (NBU) is considering a state digital currency tied to the local fiat currency, the hryvnia, which would be centralized and remain under government control.

Original article posted on Cointelegraph

Article written by Marie Huillet

Posted on this site by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

What is a Cryptocurrency Crowdsale?

What is a Cryptocurrency Crowdsale?

People are selling mysterious cryptocurrency 'tokens'—but why?

Ideas are cheap. It’s the execution that's valuable. It takes effort and skill to convert an idea into something useful, and both of those things are expensive.

Over the last few years, crowdfunding has emerged as a way to generate the money needed to turn ideas into reality. Websites like Kickstarter and Indiegogo have emerged as ways to crowdsource funding in the form of donations. Now, though, the cryptocurrency world has generated another form of fundraising: the crowdsale.

Crowdselling vs Crowdfunding

Unlike traditional crowdfunding, a crowdsale doesn’t pre-sell a widget or promise to put your name in the credits of a movie. Instead, it sells you something that you might not know what to do with unless you are clued in: a token.

A token is an intrinsic component in a next-generation cryptocurrency 2.0 application. Like bitcoin, it isn’t something that you can physically hold. Instead, it is an electronic record—a kind of digital poker chip—stored on your computer, or mobile device.

Tokens are designed to let you participate in the project that will eventually be launched as a result of the crowdsale. Depending on what service the project offers, the token will serve as a kind of access ticket to that service.

If the project is a software application that lets you find ridesharing partners without the use of a central website, for example, then you might use tokens to pay for your rides. Conversely, if you are the owner of the vehicle and up giving someone a ride, you may be paid tokens by the network. So the tokens are a kind of currency for use within a specific online service.

Why Crowdsales Happen

The crowdsale generally happens before a project has officially launched its service. It is designed to generate funds for the development of the project, helping to pay for software developers, marketing budgets, and all the other things that a startup needs.

It can also be used to measure interest in a particular project. If no one buys the tokens, then the company developing the project might want to reconsider its options.

The really interesting part of a crowdsale is what happens to the tokens later on. In many cases, they will be bought and sold on the open market, gaining their own market value independently of the application that they are used for.

This is another way to encourage early adopters. They may buy tokens because they believe in the potential of a particular online service. If the project becomes as successful as they think, then the tokens might increase in value, turning them a pretty profit later on.

The Legality of Tokens

Therein lies one of the dangers in the crowdsale concept, though. There isn’t yet much accountability. If a company sells a bunch of tokens and then collapses due to bad management—or worse, simply vanishes—what happens to all those poor folks who invested their money?

In the conventional investment world, there are rules governing who can invest in a young startup company. Investors must be accredited, for their own protection. Otherwise, every uneducated, inexperienced investor would be piling their retirement savings into a venture that they were told was a sure bet, only to lose their shirts.

But the rules around crowdsales aren’t yet clear. Regulators have strict rules about issuing financial securities such as shares in a company, for example. There haven’t been many, if any, regulatory investigations of companies engaging in crowdsales.

Crowdsales are still a very new concept, though, with only a few companies having done them. Should tokens be classified as securities, and therefore regulated? The position on this isn’t yet clear, and each case will probably be judged on its own merits.

Crowdsales have been conducted via companies like Swarm, and Koinfy. The same rules apply here as elsewhere, though: understand what you are buying, why you are buying it, and the risk that you are taking in doing so.

Are you buying speculatively? Or are you purchasing tokens simply because you really want to use the application? Are you prepared to accept the loss if the service never launches? Never invest anything that you are not prepared to lose.

Article written by Danny Bradbury

Original article posted on The Balance

Posted on Markethive by Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

There’s A Giant White Sewer Rat In Wall Street And It’s Preaching Bitcoin

There’s A Giant White Sewer Rat In Wall Street And It’s Preaching Bitcoin

There’s a really interesting piece of art down in Wall Street that has captured the people’s attention for some time now. It’s a rat, and a really huge one for that matter.

Nelson Saiers And The Rat

This new phenomenon sits across the street right opposite the Federal Reserve building. However, it’s not the giant white inflatable rat that’s been stirring up Wall Street, but rather what it actually represents. The man responsible for the huge rat’s existence on America’s most popular street is one Nelson Saiers. Nelson spent the better part of his life as a hedge fund manager in Wall Street until he stopped trading in 2014. Since then, Nelson has dedicated his time to revealing the ills of the traditional financial system that he believes is way too broken to survive in the long run.

To better put his point across, this man has opted to use art. In fact, he’s not alone in this line of thinking. There have been numerous cases of people using art to speak to the public about the broken system. Often, they leave spectacular pieces of art or paintings on buildings all across cities. Such art has been spotted in a number of the world’s most popular cities – including France’s Paris.

The Federal Reserve Vs Bitcoin

In precise terms, the huge inflatable sewer rat bearing down on the US Federal Reserve building has its body covered with art depicting Bitcoin code, a spectacle that symbolizes Nelson’s perception of a better financial system as opposed to the mainstream centralized system. In his view, a decentralized crypto ecosystem would do much better than the current system that operates under the tight grip of the authorities.

Indeed, the last two decades have seen various artists come out to use their talents to depict the apparent financial inequalities in the current system. One of the most prominent artists in this school of thought is Banksy. In Banksy’s opinion, a rat is a symbol of resilience and freedom, saying that rats exist without permission and have zero attachment to conservative societal standards. Back in 2016, Andreas Antonopoulous referred to Bitcoin as the “sewer rat of currencies.” Andreas is computer scientist. He went on to give the imagery of an injured but dynamic and robust financial system represented by the sewer rat.

Nicknamed “The Warhol of Wall Street,” Nelson’s ambition doesn’t start or end with the giant white inflatable sewer rat bearing down on the Federal Reserve building. This isn’t his first such project. In fact, he plans to remove the rat once its point is home. With such things happening, Bitcoin seems to be gaining more traction in terms of popularity and credibility as the valid alternative to the restrictive traditional financial system. Could such acts cause a Bitcoin bull run?

Article written by Nick James

Article posted on Ethereum World News

Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Ethereum ETH Becomes First Base Currency on Bithumb’s Decentralized Exchange DEX

Ethereum (ETH) Becomes First Base Currency on Bithumb’s Decentralized Exchange (DEX)

Earlier on today, the South Korean exchange of Bithumb, launched its very own decentralized exchange.

In the news announcement, the team at Bithumb welcomed users to its platform effective October 15th, 2pm (UTC + 8).

The full announcement was as follows:

 

Dear user, Bithumb’s Decentralized Exchange (DEX) was officially launched on October 15, 2018 at 2 pm (UTC+8)! Bithumb DEX was launched by Hong Kong-based Blockchain & Fintech BGEX Ltd. Working with blockchain service innovator OneRoot Network, we are committed to discovering and listing more valuable cryptocurrencies. Thank you for your trust and support in Bithumb DEX!

 

Free Transactions For a Month and Airdrops

To further stimulate trading action on the new decentralized exchange, the team at Bithumb has launched the following initiatives to reward users of the new platform:

  • Free transaction fee for one month (October 15th to November 15th, 23:59)
  • Users will only pay Gas Fees on the Ethereum network
  • A total of approximately $ 100,000 (500 ETH) in rewards will be distributed by Airdrop
  • Airdrops will be based on trading activities from the 15th of October, till midnight, the 30th of October
  • Coins for the airdrop to be distributed to the top 1,000 traders who have traded for the 2 weeks mentioned above
  • Traders must have more than 1 ETH worth in trade volume for one of the following coins of DENT, INS, POA20, RNT and WTC to qualify for the airdrops
  • Payments will be announced on the 1st of November and will commence on the same day
  • Airdrops to be made at random using any of the digital assets of DENT, INS, POA20, RNT and WTC

 

Ethereum As the First Base Currency

Further analysis of the decentralized exchange yields the fact that Ethereum is the first and only base currency on the platform. The use of Ethereum has been made easier by integrating the DEX with MetaMask. A screenshot of the 10 digital assets paired with Ethereum can be found below. (Digital assets that are part of the airdrop, have a blue A besides them.)

Article posted on Ethereum World News

Written by John P. Njui

Posted by: Jeffrey Sloe

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

Yale University Investing in 400 Million Cryptocurrency Fund

Yale University Investing in $400 Million Cryptocurrency Fund

More Institutional Money Could Be on the Horizon

Cryptocurrency, Investing–Yale, one of the most prestigious Ivy League universities in the United States, is reportedly apart of the investment group that is helping to raise $400 million for a massive new cryptocurrency fund.

According to a report by Bloomberg published on Friday with information supplied from an anonymous source familiar with the situation, the university is trying its hand in cryptocurrency via the fund ‘Paradigm,’ which is reported to be helmed by Coinbase co-founder Fred Ehrsam, Charles Noyes of Pantera capital, and former Sequoia Capital partner Matt Huang. The Wall Street Journal had previously reported on the departure of Huang from Sequoia, making the move in order to join with Ehrsam in the creation of the new fund.

While this has been the first reported time that Yale has invested into cryptocurrencies on such a massive scale, the school has had its influence felt in a number of different industries, from Puerto Rican bonds to timber in New Hampshire, as reported by Bloomberg. Among the more interesting details listed in the report is the finding that Yale’s $30 billion endowment–the second largest among U.S. educational institutions–has earmarked a whopping 60 percent of its investment capital in 2019 for “alternative investments” which includes, among other things, “venture capital, hedge funds and leverage buyouts.” Added to the list now appears to be cryptocurrency, with a potential for other blockchain enterprises and even promising initial coin offerings (ICOs).

For now, the fund being led by Ehrsam is planning to invest in early stage cryptocurrency-based projects, novel blockchain designs and digital asset exchanges. Given the timing of the report, which comes just days after Coinbase was valuated at a colossal $8 billion–which would make the company one of the most valuable U.S. startups–the landscape of cryptocurrency exchanges appears to be immensely profitable and largely untapped. Earlier in the year, BitMEX co-founder Ben Delo became the youngest self-made billionaire in the history of the United Kingdom. Changpeng Zhao, the active CEO of cryptocurrency exchange Binance, announced that his company was on pace to eclipse $1 billion in profits by the end of 2018, despite it being an abysmal year for the valuation of the crypto markets.

Bloomberg points out that Yale’s $30 billion endowment, managed by David Swensen, is one of the few institutional investors to move into cryptocurrency this year, as the entire market finds itself in a bear cycle that has seen value plummet from the last all time high. Despite the opportunity and overnight fortunes that have characterized much of the last several years for cryptocurrency, institutional investors, on a whole, have been reluctant to put capital in to the markets to the degree that most current investors are anticipating.

The common refrain of “institutional money” is coming will not only signal legitimate interest in both the market and technology of cryptocurrency, but provide a much needed boost to alleviate the ongoing price bleed. Previous analysts, including the Bloomberg article on Yale, have cited a lack of regulation and the potential for widespread market manipulation as the primary deterrent for investing in cryptocurrency. However, with an investor as large and prestigious as Yale, commanding $30 billion in endowment, crypto-based funds might garner more interest even in the absence of a Bitcoin exchange traded fund being approved by the SEC.

Article written by Michael Laverne

Article originally posted on Ethereumworldnews.com

Visit MarketHive to learn more: http://markethive.com/jeffreysloe

From Crimefighter to ‘Crypto’: Meet the Woman in Charge of Venture Capital’s Biggest Gamble

From Crimefighter to 'Crypto': Meet the Woman in Charge of Venture Capital’s Biggest Gamble

Kathryn Haun was the Justice Department's go-to prosecutor for Bitcoin-related felonies. Now she's one of cryptocurrency's most important investors. Here's why her career change is a watershed moment.

Debate

“Let’s settle this!” an announcer rumbles over loudspeakers.

The “this” in question is one of the more important business disputes of the moment: Are alternative currencies like Bitcoin the future of financial services or a 21st-century Ponzi scheme? To get resolution, a Mexican data center company called KIO Networks is hosting a debate in a smoke-filled arena in the graffiti-coated Hipódromo Condesa neighborhood of Mexico City. The atmosphere screams lucha libre, the stylized form of Mexican wrestling that features acrobatic moves and dramatic masks.

On this late-September evening, the main event features two intellectual heavyweights from the United States, both highly credentialed, neither wearing disguises. In one corner is Paul Krugman, the New York Times columnist and Nobel laureate in economics. In the other is Kathryn Haun, an accomplished federal prosecutor recently turned venture capitalist.

Krugman’s position is predictable. He sees the rise of cryptocurrency networks—decentralized digital services that run on computerized money like Bitcoin—as an unnecessary throwback to a distant era, when precious metals made up the money supply. “I don’t believe we’re at the dawn of a new age,” he says. He delivers a smackdown on an investment craze that the likes of Jamie Dimon and Warren Buffett have repeatedly pooh-poohed: “I think 15 years from now, it will look a lot like Pets.com.”

Haun sees things differently. To her, virtual currencies and the technologies that underpin them are society’s saviors: a last great hope at reclaiming power gobbled up by greedy banks and Internet monopolists. “Facebook, Amazon, Netflix, Google, they control all the rules,” she says. “They have all the users. They have all the power.” The new technology, Haun argues, allows eager, entrepreneurial developers to compete. She throws her weight behind the democratizing dream of the new technology’s acolytes.

Photo by Christie Hemm Klok for Fortune

Cryptocurrency is “in the dial-up days,” says Haun, “and the critics are confusing the current state of innovation with the end state of innovation.”

Haun largely wins over the crowd, a collection of the megalopolis’s tech elite. And they like her visuals too. At the outset of her talk, five giant screens project the mug shots of corrupt U.S. law-enforcement officials she convicted in her previous career. But the audience isn’t enamored of Haun merely because she once was the sheriff in the Wild West of “crypto.” She excites them because now she’s joined their side. As one of the newest partners of the estimable Silicon Valley venture capital firm Andreessen Horowitz, Haun’s job is to find the next big thing in cryptocurrencies—and to help their founders succeed while staying on the right side of the law.

Haun is making her career shift at a precarious time. Cryptocurrency markets have been in free fall all year. A global speculative mania for virtual coins that sent valuations above $800 billion in January has dwindled to $200 billion. Bitcoin has lost two-thirds of its value, and Ethereum, the second-biggest cryptocurrency, is down 90%.

Haun and her new partners are undaunted. Investment crazes often spawn bubbles. But what’s left after they pop, if the true believers are right, are new industries. Firm cofounder Marc Andreessen, after all, parlayed his work developing the first commercial browser into Netscape, the flawed startup that helped beget the World Wide Web—and many billions of dollars in investment returns for the Internet industry. Haun also is unfazed by her lack of professional investing experience. “For entrepreneurs to want to work with you, they need to think you have some strategic vision, some hustle, and an ability to get the job done,” she says. These are the same skills, she posits, that a prosecutor needs to persuade FBI agents and others to work with them.

Bridging worlds, then, is one of Haun’s chief attributes. “She has this rare blend of having been in government and having a business-centric mind,” says David Marcus, a senior Facebook executive who sat on a corporate board with Haun. Adds Anthony Kennedy, the newly retired associate justice of the U.S. Supreme Court, for whom Haun clerked: “I’m quite reassured that someone with her talents and background would go into this new area.” Her involvement “is a tremendously important link between the law and the cyber age. And she recognizes that.”

A version of this article appears in the Oct. 1, 2018 issue of Fortune with the headline “Jumping The Fence.”

This is just an excerpt; the complete article can be read on Fortune.com

ARTICLE written by Robert Hackett 

Visit MarketHive to learn more: http://markethive.com/jeffreysloe