 QUOTE OF THE DAY  |
| “Blessed is he who expects nothing, for he shall never be disappointed.” - Alexander Pope |
Happy Friday! Don't miss out on us giving away 3 copies of @cointradernik's newest book An Altcoin Trader's Handbook to our newsletter subscribers! You must follow the rules listed in the section titled 'Giveaway' to enter.
Cheers,
Blockchain Brew Team
| COIN | PRICE | 24H |
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| BTC | $6,275.96 | +1.24% |
|
| ETH | $440.851 | +1.9% |
|
| XRP | $0.443959 | +2.14% |
|
| BCH | $701.068 | +2.8% |
|
| EOS | $7.17263 | +5.48% |
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*Information as of 9:30 AM EST
Malta is Creating a Decentralized Bank with the Help of Binance
FOUNDER'S BANK
- Malta has plants to create the world’s first-ever decentralized bank, called Founder’s Bank
- Founder’s Bank will be governed by blockchain technology and issue equity tokens
- The bank will be partnering with the fundraising platform Neufund to issue its “legally binding” equity tokens
- Founder’s Bank still needs a license from the state government in order to officially become a bank and is optimistic they will be granted this license
BINANCE’S PART
- Binance announced that they have purchased 5% of Founder’s Bank at a valuation of $155 million
- In March, Binance announced plans to open a fiat-to-cryptocurrency exchange in Malta
- Then in June, Binance backed the Malta Stock Exchange in supporting startups and entrepreneurs
BLOCKCHAIN ISLAND
- The small island of Malta is progressing towards becoming the blockchain hub of the world
- Malta is by far the most friendly when it comes to regulating blockchain startups and cryptocurrencies
- Having such a small size and population allows a country like Malta to be able to adapt to and implement new technologies very quickly
Bitcoin Cash and Litecoin Trading Added to Robinhood
ROBINHOOD CRYPTO
- This year, the commission-free stock trading app Robinhood added cryptocurrencies to its offering
- In May, Robinhood raised another round of funding at a valuation of $5.6 billion
- The company announced that it recently added its 5 millionth user to the platform
- Robinhood is public in stating that it does not expect to turn a profit on its crypto business, rather intends to use the business to attract customers and build the world’s largest crypto platform
NEW ADDITIONS
- Before Thursday, only Bitcoin and Ethereum were available for trading on Robinhood’s platform
- Now, users will be able to trade Bitcoin Cash and Litecoin in addition to the top two market capitalization cryptos
- More notably, Robinhood announced the ability for its customers to transfer cryptocurrencies and is likely building a wallet
- As of now, Robinhood Crypto is available in only 17 states but has plans to expand into all 50
- There is currently 16 cryptocurrencies on Robinhood’s “watchlist”, a list of coins it is contemplating adding, and plans on expanding this list
New Study Confirms 80% of ICOs in 2017 Were Scams
2017 ICO BREAKDOWN
- A new study released by Statis Group revealed that 80% of all initial coin offerings (ICO) conducted in 2017 were scams
- Although that number is wildly high, 70% of the funding volume went to higher quality projects
- In addition, the study found that 4% of the ICOs conducted in 2017 failed and 3% of the projects have gone dead, meaning there is no further development and the project is not listed on an exchange
MORE INSIGHTS
- Not surprisingly, the more money received during an ICO is correlated with higher quality and likely success of the project
- Another interesting insight is that since the U.S. has become stringent on ICOs in 2018, the country has lost significant market share to countries like Switzerland, Singapore, and the Cayman Islands
- Lastly, although ICO volume in 2018 is set to be much higher than 2017, the average ICO fundraising amount has declined
Billionaire Steve Cohen Takes the Dive Into Crypto Through Blockchain Hedge Fund
NEW RUMOR
- Today, a new rumor was shared by Bloomberg that Steve Cohen, founder of Point72 Asset Management, has invested in a cryptocurrency-focused hedge fund
- Cohen's new investment, Arianna Simpson's Autonomous Partners, was founded in December 2017 and has secured some notable investors including Coinbase CEO Brian Armstrong, Union Square Ventures and more
AUTONOMOUS PARTNERS INVESTMENTS
- Autonomous Partners' investments mostly focus on crypto infrastructure projects however a small percentage of the holdings represent major cryptocurrencies
- For now, the firm is invested in Bitcoin (BTC), Ethereum (ETH), and 0x (ZRX)
- When asked about Ripple (XRP), Simpson told Fortune that she was waiting to hear if XRP was going to be classified as a security or not
HEDGE FUND TRENDS
- According to Autonomous Research, in 2018 so far only 26 crypto-focused hedge funds have been established
- This signals a large downtrend after 175 were reported to have been established in 2017
- Currently, more than 256 crypto hedge funds stand and that number is likely to grow as the market matures and regulation becomes more clear
IT'S GIVEAWAY TIME!
That's right. It's giveaway time. This time we are giving away 3 copies of @cointradernik's newest book An Altcoin Trader's Handbook!
HOW TO ENTER:
- Click the 'Win Your Copy' button above
- Forward the Blockchain Brew newsletter to 3 new people
That's it! We will be tracking the results and announcing winners in the Friday, July 20th newsletter.
P.S. Don't miss this opportunity...this may be the easiest way to get a free book in your lifetime:)
- Bancor urges token issuers to follow their ‘example’ after hack
- Police Seize $1.5 Million in Crypto During FIFA Gambling Crackdown
- Tether Hires Former Bank Analyst as Chief Compliance Officer
DigiByte (DGB)
DigiByte founder will be the keynote speaker for this event which will be taking place in Park City, Utah on Saturday July 14th, 2018.
Bitcoin (BTC)
July 13, 2018 - July 15, 2018. Starting at 8 a.m to 8 p.m Location: 283 Duke Street West, Kitchener ON, Canada.
Today in Crypto is powered by coinmarketcal.com
| GINcoin (GIN) |
| GINcoin aims to provide cryptocurrency investors with an easy way of creating and deploying their own masternode(s) - regardless of their technical abilities. GINcoin masternodes and masternodes for other blockchains will be deployable in a couple of clicks or less. GINcoin's ultimate goal is to democratise the way masternodes are created and, as an effect, prove crypto is here to stay - by making it more user-friendly than paper money. |
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