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.

Read the full article here.


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.”

Read the full article here.


Analyzing the Numbers Behind Bitcoin in 2018

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.

Read the full article here.


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.”

Read the full article here.


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.

Read the full article here.


3iQ Global Cryptoasset Fund: Price as at January 4, 2019

3iQ is the first regulator approved multi-cryptoasset portfolio manager in Canada, providing accredited investors with exposure to bitcoin, ether, and litecoin through its 3iQ Global Cryptoasset Fund.


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2019-01-09T14:53:09+00:00 January 9th, 2019|