Wednesday, November 28, 2018

📌 Getting Through Bear Markets, ETF Doubts, and Snowden Explains Blockchain

MUST READS

🔥 Fred's on Fire: Getting Through Bear Markets

After last weeks market wide tumble, you might be wondering whether it is finally time to close out your positions?... Buy the dip?... Sit on your hands?

Well, it all depends on your fundamental views on these various investments. Here's Fred Wilson (arguably the most insightful voice in all of tech investing) to help with these decisions.

Don't miss what he's got to say on Ethereum (ETH).

For more quality, long-term crypto investment reassurance, Fred wrote an essay this week lending some perspective from the position of investing in internet stocks between 1999-2002.

If you've had any kind of investment in crypto – whether financial or time and energy related — take a few minutes and give these short articles a read.

Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices

Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures, betting on sustained interest despite the cryptocurrency's dramatic plunge over the past year.

The world's largest exchange company plans for launch by Q1 of 2019 even as the current crypto futures market remains tiny.

Is this good news overall? Yes. But is this a big deal? Not at the moment.

"(The futures market) has to become a more mainstream asset class, as opposed to the rather fringe part of the financial markets that it is today."

Meet the Man Behind the Largest Marijuana IPO Ever

History has been made.

The National Institute for Cannabis Investors launched with former Speaker of the House, John Boehner and some of the biggest CEOs, investors, and pioneers of America's $10.8 billion cannabis industry.

Nothing like this has ever been done before.

And the response has been so big that we have decided to air a special rebroadcast right now. Click here...

This event is a must-see.

Because as Speaker Boehner said, "This is an unstoppable economic revolution. And it's just getting started."

But you have to hurry.

This rebroadcast won't be available for long.

Click here to watch a limited time rebroadcast of this historic event.

DEEP DIVE

Tokenization of Real Estate [Proceed with Caution]

Though the tokenization of real estate offers a compelling vision, there are complexities beneath the surface.

Here's a solid overview of the pros and cons of applying the blockchain to real estate...

🎙️ [PODCAST] Interview with SEC Commissioner Hester Peirce

Here's a great listen worth passing along. What Bitcoin Did sat down with our favorite SEC Commissioner, Hester Peirce to discuss the role of the SEC, how decisions are made, and why Hester dissented.

"Just because you are calling something crypto does not mean you can ignore the rules we have had in place for years, but I do think we also need to be willing to open the doors a little bit wider for innovation." — Hester Peirce

REGULATORY FRONT

This ETF is in Trouble 😅

Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF.

But the man largely behind green-lighting one — Securities and Exchange Commission Chairman Jay Clayton — has a few worries that need to be assuaged before he's "comfortable" approving the investment vehicle.

Below are some of the concerns he expressed during his closely watched appearance at Consensus: Invest 2018 this week:

Lack of market surveillance
"What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation"
Improved safety in storing crypto assets
"We've seen some thefts around digital assets that make you scratch your head... we care that the assets underlying that ETF have good custody, and that they're not going to disappear."
'Assume' your ICO is a security
Chances are your ICO is subject to SEC laws, so "start with the assumption that you're starting with a securities offering"

For an insightful breakdown of everything said, here's the roundtable discussion you'd want to watch. 📺

Pay Taxes With Bitcoin? Ohio Says Sure

Ohio is set to become the first state to accept Bitcoin for tax bills – a long awaited show of support for a technology that has garnered lots of hype but failed to gain traction as a form of payment. [paywall]

Beginning this week, Ohio businesses will be able to go to the website OhioCrypto.com and register to pay everything from cigarette sales taxes to employee withholding taxes with Bitcoin. Eventually, the initiative will expand to individual filers.