Buying Cryptocurrency, Markets, News, Signals, Trends

NEWS: Coinbase announces its Index Fund.

…as well as Coinbase Index. Although, at first, investing in the fund will be availabe only to US residents, without a doubt, investing in GDAX will soon be a possibility.

“Coinbase Index Fund will give investors exposure to all digital assets listed on Coinbase’s exchange, GDAX, weighted by market capitalization.”

coinbase index

Coinbase is s making a serious claim to become one of the pillars of the cryptocurrency market. Now, apart from an exchange and a wallet and following  recent news of its cooperation with the banking industry, allowing Coinbase customers to purchase Bitcoin with credit or debit card with no effort, the exchange offers a global investment vehicle. Although it is not the first crypto-based fund one can invest in, the fact that it is set up by Coinbase makes it big news.

The Index Fund will be based on the prices of four coins: Bitcoin, Bitcoin Cash, Etherium and Litecoin.

“It’s an easy way to get exposure to the crypto assets that we offer on our exchange,” – Asiff , Hirji, President, Coinbase

Register at Coinbase today for more updates and early access.


Coins, Markets, News, Scams, Trends

NEWS: Twitter follows Google and Facebook, the Future of Cryptos in Buenos Aires and more

Twitter followed Google and Facebook and is about to ban cryptocurrency-related ads. As with Facebook and Google, the policy-in-development will affect ICOs, wallets and so-called investment advice.

Without a doubt, the situation was getting out of hand. “Easy money” (there is no such thing as easy money) attracted a lot of dishonest operators to the market. Some ICOs exist only in form of a website, “investments” are usually ponzi-schemes. Unfortunately, the markets can irrationally react to headlines, but the storm will eventually settle.

To all those promising a “financial revolution” through an issue of another ERC20 token: hey, if you can revolutionise the whole financial system, you surely have enough brainpower to revolutionise product placement strategies?

From our subjective point of view, the best investment opportunities are rarely advertised aggressively.

Rather than focusing on Twitter and Facebook imposing restrictions upon advertisements of fake wallets, one should take note on Financial Stability Board officially issuing a statement that no new regulations will be imposed upon the cryptocurrency market.

“Cryptocurrencies do not pose risks for global financial stability.” – Mark Carney, Governor of the Bank of England.

One would expect the price of Bitcoin to be affected by a greater degree following the positive macro news, however it seems that the market is amidst a storm of uncertainty. Maintaining clarity of thought during times like these is pivotal.

bitcoin price reacts to g20

Coincheck, the Japanese exchange which suffered heavily due to the NEM hack drops DASH, Monero and ZCash.

Reminder: About 523 million NEM coins were stolen from the exchange. Access to the private keys for the NEM wallet resulted in a theft of over $500 million out of the exchange.

We can see a clear segregation between a coin’s anonymity and willingness to integrate with the establishment. MasterCard’s officials are cautiously saying that they are willing to work with cryptocurrencies as long as they are not anonymous. Although Coincheck is not a market leader by far and is dropping the said currencies as a precautionary measure and, is a great divide to be expected in the future?