Monday, October 15, 2018

📰 CoinSheet - October 15, 2018 📰

October 15, 2018
Money is nothing more or less than a commodity to be used wisely for the greatest possible personal and family benefit. Its value lies not in what it is, but in what it can do.
-Unknown

CoinSheet #217

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COIN BULLETIN

Yale endowment invests into crypto funds

I said I was going to cover this, so here we go.

David F. Swensen (chief investment officer of the Yale University Investments Office) has invested in two funds dedicated to cryptocurrencies (Andreessen Horowitz and Paradigm).

I should point out (because it isn't obvious) that they didn't just invest in these funds two weeks ago (Andreessen Horowitz's inaugural $300 million crypto fund closed in June).

Anyways, this investment is important.

As a person, you can probably relate that your self-perception is one of the hardest thing you have to overcome.

You know that shitty feeling of not wanting to do something first because you're afraid of looking stupid.

Well, everyone has that feeling.

And Swensen is the cool kid on the playground who just went first (this wasn't the first endowment to invest in crypto, but the first one that is "cool").

So what now?

It looks like bitcoin should now be an indispensable part of an investor's portfolio.

Or so says Yale economist Aleh Tsyvinski. (Yale ECONOMIST??!?, yeah, it's funny how these things work). 
 
This Yale economist is saying that even if you think bitcoin will perform terribly, you should still hold 1%.

Source

What else is going on...

  1. Fidelity Launches Institutional Platform For Bitcoin And Ethereum
THINGS I LIKE

The Best Privacy Coins for Anonymous Payments

A really good read on privacy coins.

You can check it out here.
MARKET SENTIMENT

Top 5 Winners

Top 5 Losers

Technicals

Bitcoin

I'm still super bullish on BTC. Haven't seen any real reasons to be bearish in months.

Oh, and bitcoin hit a 17-month low in volatility.
ANNOUNCEMENTS
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I'll try to bring you information that matters and leave all the sensationalized shit to someone else.

If there is news that you think is important that you think I missed, always feel free to reply to this email.
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Tether Troubles / Billionaire Buterin? / India ATMs / DocuSign

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$BTC (1:21 p.m. EST): $6,655.34 (5.19%) // 90-day high: $8,209.07 // 90-day low: $6,253.11/ / More

$BCH (1:21 p.m. EST): $461.04 (3.22%) // 90-day high: $844.12// 90-day low: $420.58 // More

$ETH (1:22 p.m. EST): $209.80 (4.85%) // 90-day high: $531.53 // 90-day low: $171.58 // More

$LTC (1:22 p.m. EST): $55.12 (3.15%) // 90-day high: $107.31 // 90-day low: $49.35 // More

$XRP (1:22 p.m. EST): $0.44 (5.85%) // 90-day high: $0.57 // 90-day low: $0.22 // More

Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. There is growing concern that the company behind tether holds enough reserves to match the amount of tokens in circulation. Tether Limited, the company that issues tether, which its creators claim is 100 percent backed by fiat currency reserves, traded as low as $0.93 per coin early on Monday. There are rumors that a number of exchanges may delist tether, among growing concerns that it has been used in the past to manipulate the price of bitcoin. Tether Limited has denied these reports. –CNBC

Questions around tether parent company grow
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2. Vitalik Buterin is not a billionaire. Despite numerous reports, ethereum's co-founder claimed on Twitter that while he does have a substantial crypto holding, he did gain coins through unfair pre-mining. Buterin went as far as to link to his proposed official ethereum wallet, which contained about 365,000 coins. That would equate to about $73 million based on ethereum's current value. –ETHEREUM WORLD NEWS

Buterin dismissed billionaire claims
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3. Unocoin, one of the largest cryptocurrency exchanges in India, has launched a bitcoin ATM as a way to skirt the country's cryptocurrency regulations. The Royal Bank of India stopped lenders from maintaining any business relationship with virtual currencies earlier this year, hurting exchanges in the process. Unocoin wants to use ATMs to allow for peer-to-peer trading, avoiding India's banking system in the process. –QUARTZ

Exchanges use ATMs to skirt India regulations
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4. DocuSign has integrated with the ethereum blockchain. The San Francisco-based company provides electronic signature technology and digital transactions management services. With the new agreement, DocuSign's more than 400,000 customers can have records of their transactions kept on the ethereum blockchain. The deal is aimed at customers that want evidence of their agreements to exist in a neutral environment. –SLUDGEFEED

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5. The future of blockchain looks, well, a little boring. –BARRONS

6. Ethereum's Constantinople hard fork has faced an issue in testing. –COIN TELEGRAPH

7. Blockchain games keep growing in popularity. –FORBES

8. NBA player Spencer Dinwiddie plans to launch sneakers that can be purchased with bitcoin next year. –CRYPTO SLATE

9. Centbee has launched a bitcoin cash wallet app in beta. –IOL

10. At home bitcoin miners are losing money. –MARKET WATCH

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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