December 31, 2018 – January 6, 2019 | 2019 Cryptoasset Outlook, Digital Equity Tokens & More Crypto News
3iQ Research Group consolidates the top five cryptoasset stories of interest
to investment advisors and our investors.
NYSE Parent Company Intercontinental Exchange Bakkt Platform Raises $182 Million USD
December 31 – Bakkt, a crypto exchange and liquidity provider that was developed by the New York Stock Exchange (NYSE) parent company, the Intercontinental Exchange (ICE), has recently raised $182.5 million USD from several high-profile investors and other venture capital groups. On December 31, the CEO of Bakkt Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons Ventures, Intercontinental Exchange, Microsoft’s venture capital division, M12, Pantera Capital, and several others had invested in the company.
Bakkt is expected to be a leading platform for institutional investors who are looking to gain access to digital assets and cryptocurrencies. Bakkt will not only act as an access point for institutional investors. The company has specifically targeted and partnered with a number of retail merchants in order to effectively roll-out the ability to pay for traditional goods and services with digital assets like cryptocurrencies. “We are focused on opportunities to provide new infrastructure, including the industry’s first institutional grade regulated exchange, clearing and warehousing services for physical delivery and storage,” said Loeffler.
You Can Soon Buy “Digital Tokens” of Apple, Tesla, and Other Nasdaq-Listed Equity Shares
January 3 – For the first time, a digital asset exchange will enable investors to buy digital tokens that are based on the share prices of traditional equities. DX.Exchange is expected to allow the trading of digital tokens that track the share prices of 10 Nasdaq-listed equities such as Facebook, Apple, and Tesla. The company said it plans to allow the trading of NYSE-listed shares in the near future, in addition to equities listed on Asian exchanges.
Each digital token is backed by one ordinary share of the Nasdaq-listed equity, and investors are entitled to the same cash dividends that common shareholders receive from the company. The digital stocks could have advantages over traditional common shares because they can be traded when stock markets are closed, and investors can choose to buy fractions of a single share. Digital stocks can also help give access to foreign investors who didn’t previously have access to American equities. “We saw a huge market opportunity in tokenizing existing securities,” said the CEO of DX.Exchange. “We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.”
January 1 – A new Medium article has analyzed and outlined several key numbers relating to Bitcoin and usage of the Bitcoin Blockchain over the bear-market that stretched throughout 2018. The Medium writer Jameson Lopp has provided a number of key metrics over the past year, such as Google Trends data, Bitcoin Obituaries, Bitcoin Transactions, other key numbers relating to Bitcoin’s technical development, and many more interesting numbers relating to the cryptocurrency. Some notable data has come from Google Trends, which over the past year, has indicated that emerging markets continue to set the highest numbers of search interest on Google. Additionally, Lopp notes that Google Scholar articles that contain the keyword “Bitcoin” have also grown substantially over the past year. Other key metrics relating to cryptocurrencies are also presented, such as the total dollar amount of venture capital funding for Blockchain-based companies, as well as funds that were raised for ICOs and other projects.
In addition to this data, Lopp also delved into the numbers behind the technical developments that have been happening on the Bitcoin Network, such as the number of reachable nodes, and the number of known Lightning Network channels. “Yes, Bitcoin fared poorly in terms of exchange rate in 2018. But by almost any other metric the system is improving and growing. Those of us who are dedicated to this system shall continue to BUIDL and add value; we have no control over the market but I expect that it will catch up to us sooner or later,” said Lopp in his closing remarks.
Outlook for Cryptocurrencies and Cryptoassets in 2019
January 1 – A recent article hosted on Medium has provided a substantial overview of what to expect from cryptocurrencies and other cryptoassets in 2019. The Medium writer Arjun Balaji has forecasted several factors that could widely impact the trading, development, and usage adoption of a wide-variety of cryptocurrencies and cryptoassets such as Bitcoin, Ethereum, Litecoin, and others. Balaji discloses early in the article that he will give his forecasts a certain confidence level, and that his thoughts may excerpt a debatable thesis and some potential personal bias. The article, while extensively covering technical developments and other developer-based initiatives, also touches base on what the crypto industry will expect from 2019 in regards to regulations.
The article concluded with a noteworthy quote from one of the earliest Bitcoin developers, Hal Finney: “Every day that goes by and Bitcoin hasn’t collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of Bitcoin’s eventual success and justifies a higher price.”
New York State Forms a Cryptocurrency and Blockchain Task Force
January 2 – New York will be launching a task force that aims to help the state and other officials with understanding cryptocurrencies and the blockchains that power them. The Governor of New York State, Andrew Cuomo, had signed the bill that proposed a cryptocurrency task force back in December 2018. The task force will be made-up of a number of reputable technologists, scientists, consumers, retail and institutional investors, academics and scholars, and a number of other private enterprises. The members who will be selected for the task force will be appointed by Cuomo as well as the state Senate and Assembly. The panel selected for the task force will be required to submit certain reports on the technology behind cryptocurrencies in order to help the state get a better understanding on how to handle them.
“The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers,” said the Assemblyman Clyde Vanel. New York has already implemented its own regulations relating to cryptocurrency businesses through its controversial BitLicense. To date, only 14 licenses have been granted since its introduction four years ago.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Due to applicable legal restrictions, you may not access the following content. 'a0 We apologize for any inconvenience this may cause.
WARNING: THIS SECTION OF THE WEBSITE CONTAINS ANNOUNCEMENTS, DOCUMENTS AND INFORMATION (TOGETHER THE “INFORMATION”), ACCESS TO WHICH MAY BE RESTRICTED UNDER THE SECURITIES LAWS OF CERTAIN JURISDICTIONS. IN PARTICULAR THE INFORMATION IS NOT DIRECTED AT, AND IS NOT ACCESSIBLE BY, PERSONS RESIDENT, OR OTHERWISE LOCATED, IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
THE INFORMATION IS BEING MADE AVAILABLE BY 3iQ Corp. (“3iQ”) IN GOOD FAITH AND FOR INFORMATION PURPOSES ONLY. THE AVAILABILITY OF THE INFORMATION IS SUBJECT TO THE TERMS AND CONDITIONS SET OUT BELOW.
Please read this notice carefully - it applies to all persons who view this webpage. This notice may be amended or updated by 3iQ from time to time and accordingly it should be read carefully in full each time you wish to view the Information. In addition, the content of the site, and its availability to persons resident in certain jurisdictions, may be amended at any time in whole or in part at the sole discretion of 3iQ.
Basis of access
Please read this notice carefully before clicking “I agree” or “I disagree” below. This notice applies to all persons who view the Information. Access to these materials is being made available on this webpage by 3iQ in good faith and for information purposes only. Any person seeking access to this webpage represents and warrants to 3iQ that they are doing so for information purposes only.
Nothing on, or which can be downloaded from, this webpage constitutes an offer for sale or subscription or any solicitation for any offer to buy of subscribe for any securities in any jurisdiction. Making the Information available does not constitute a recommendation by 3iQ or any other party to sell or buy securities.
Confirmation of representation
Any person seeking access to this webpage certifies that they are not located in the United States of America or any other jurisdiction where the release, publication or distribution of these materials would be unlawful. Any person seeking access to this site confirms that they have read and understood this disclaimer and agree to be bound by its terms.
The information contained on this website does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or in any jurisdiction in which such offers or sales are unlawful. The securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the applicable securities laws of any state or other jurisdiction in the United States. The securities referred to herein may not be offered, sold, resold, taken up, transferred, delivered or distributed, directly or indirectly, within, into or in the United States or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of securities in the United States.
The materials are only addressed to and directed at persons in Canada.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this website. These materials must not be released or otherwise forwarded, distributed or sent in or into the United States or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States or any other jurisdiction where to do so would be unlawful.
Acceptance of this notice
To visit the following pages of the site, you must confirm that you have understood the above sentences and agree to comply with the restrictions.
By selecting "I agree" below, you:
confirm that you have read, understood and agree to be bound by the terms of the notice set out above;
warrant and represent that you are not a resident of, or otherwise located in, the United States of America (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction where accessing the Information would constitute a violation of the relevant laws or regulations of that jurisdiction.
agree that you will not transmit or otherwise send (directly or indirectly) any Information to any person in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction if to do so would breach any applicable law or regulation; and
confirm that you are not a person to whom the communication of the information contained on the site is restricted and are not acting for the benefit of any such person.