• Tag Archives Ethereum
  • Bankers Ditch 7-Figure Salaries To Climb Aboard The ICO “Rocketship”

    In just a few short months, companies – many of dubious legitimacy – have raised more than a billion dollars through ICOs. Some of the better-hyped offerings in the field of 900 new coins that have been created this year managed to raise tens of millions of dollars in minutes. Investors, who were eager to throw money at the new coins, blindly hoping they would land on the next bitcoin or Ethereum.
    With all this money flying around, it’s no small wonder that bankers in New York, Hong Kong and London are abandoning seven-figure salaries to try their luck in the nascent ICO industry, according to Bloomberg. Stories like this have become commonplace with every passing fintech trend, as bankers, fearing the technology’s potential to disrupt the banking business and threaten their bonus pool, hoping to cash in on the next technology enabled ‘revolution.’

    This post was published at Zero Hedge on Jul 26, 2017.


  • Bank Of Italy Warns Citizens Against “Creating Your Own Currency”

    Authored by Louis Cammarosano via Smaulgld.com,
    Citizens Claim Right to Create Scriptural Euros.
    Citizens conjure Euros out of thin air, just like banks.

    Create Your Own Currency!
    Because the top cryptocurrencies, Bitcoin and Ethereum are open source, any one can create their own cryptocurrencies. While the proliferation of cryptocurrencies has central banks concerened, another more insidious and perhaps greater threat to central banks’ monopoly on money creation is the issuance of scriptural euros by citizens.


    This post was published at Zero Hedge on Jul 18, 2017.


  • Jeff Berwick Exposes The Fed & The Entire Matrix Control System on The American Intelligence Report

    The following video was published by The Dollar Vigilante on Jul 13, 2017
    Jeff is interviewed on The American Intelligence Report, topics include: fiat currency and the Freemasons, the Federal Reserve and the end of the gold standard, the real causes for the US civil war, bypassing the current economic system entirely, gold silver and bitcoin, privacy and crytocurrencies, altcoins, Litecoin, changes to the bitcoin software, Dash and anonymity, Ethereum, the TDV newsletter’s great track record


  • Planning To Sell Volatility? Goldman Explains Why It Will Buy From You

    Other than buying Ethereum, one strategy has stood out in investing circles – selling US equity market volatility, and as Goldman notes, the profitability of vol-selling strategies has accelerated in the last year. With vol at record lows, and after a long-run of success, Goldman unveils its guide to selling volatility, why it’s a good idea, and how to do it.
    Via Goldman Sachs,
    We are increasingly asked whether flows into options and VIX selling strategies are pressuring options prices and dampening stock price moves. Indeed, when an investor sells an option, the Market Maker on the other side of the trade ‘delta-hedges’ the portion of the trade where there is not a natural buyer. This ‘delta-hedging’ dampens the volatility of the underlying asset from the time of the trade until expiry, all else equal. In this report, we explore the public data that is available to assess whether options and VIX ETP flows have the potential to contribute to the decline in implied and realized volatility. While a significant portion of the options market trades in OTC markets (where public data is sparse), we believe trends in OTC markets are consistent with our findings in the listed markets. In fact, based on our discussions with those that run systematic options strategies, much of OTC volume is recycled into the listed market and likely to influence publically available data.
    Why are investors asking if options selling strategies are crowded?

    This post was published at Zero Hedge on Jun 28, 2017.


  • Gold and Silver Are “Asymmetric” Trades

    An asymmetric trade is a situation where investing a relatively small amount of money holds the potential of yielding a profit many times the amount of the original sum at risk. In other words, where the risk to reward is skewed massively in the direction of reward.
    This took place recently with Bitcoin (BTC). Is this conceptually different from bets made years ago on Microsoft, Cisco, Amazon, or Facebook, which yielded hundreds of percent profit to intrepid investors? Does it have relevance to the possible returns during the next few years for those who hold physical gold and silver?
    I would answer “yes” and “yes.”
    The current “mania” in the cryptocurrency space – most notably BTC and Ethereum (ETH), along with a few other “app coins” – offers an in-future lesson for a similar setup in the precious metals. (For more on the above topic, see “The Blockchain: A Gold and Silver Launchpad?”
    First: This may be the first time ever that an investment “story” has had the ear and investment dollars of a global audience on a simultaneous basis. Individual investors, hedge funds, businesses, and even countries, are sending a torrent of funds, with the effect, to paraphrase Doug Casey’s famous remark, of “trying to push the power of the Hoover Dam through a garden hose.”

    This post was published at GoldSeek on Friday, 23 June 2017.


  • Bundesbank’s Weidmann: Digital Currencies Will Make The Next Crisis Worse

    When global financial markets crash, it won’t be just “Trump’s fault” (and perhaps the quants and HFTs who switch from BTFD to STFR ) to keep the heat away from the Fed and central banks for blowing the biggest asset bubble in history: according to the head of the German central bank, Jens Weidmann, another “pre-crash” culprit emerged after he warned that digital currencies such as bitcoin would worsen the next financial crisis.
    As the FT reports, speaking in Frankfurt on Wednesday the Bundesbank’s president acknowledged the creation of an official digital currency by a central bank would assure the public that their money was safe. However, he warned that this could come at the expense of private banks’ ability to survive bank runs and financial panics.
    As Citigroup’s Hans Lorenzen showed yesterday, as a result of the global liquidity glut, which has pushed conventional assets to all time highs, a tangent has been a scramble for “alternatives” and resulted in the creation and dramatic rise of countless digital currencies such as Bitcoin and Ethereum. Citi effectively blamed the central banks for the cryptocoin phenomenon.

    This post was published at Zero Hedge on Jun 14, 2017.


  • Bitcoin Reaches Parity With Gold

    For the first time ever (based on Bloomberg data), Bitcoin is trading at parity with an ounce of gold.
    We got close in January…
    But now it’s official…
    China outflows are accelerating (via the local exchanges), chatter of Mexico being active (as well as Greece, Italy, and France), and the renewed enthusiasm for blockchain (thanks to the ethereum news this week) is all helping drive interest in the virtual currency.

    This post was published at Zero Hedge on Mar 2, 2017.


  • 9/11/16: Bitcoin vs Ether: MIIS Students Case Study

    Following last night’s election results, Bitcoin rose sharply in value, in line with gold, while other digital currencies largely failed to provide a safe haven against the extreme spike in markets volatility.
    In a recent project, our students @MIIS have looked at the relative valuation of Bitcoin and Ether (cryptocurrency backing Ethereum blockchain platform) highlighting
    Fundamental supply and demand drivers for both currencies; and Assessing both currencies in terms of their hedging and safe haven properties

    This post was published at True Economics on Thursday, November 10, 2016.


  • Keiser Report: US Elections Toxic Soap Opera (E966)

    The following video was published by RT on Sep 13, 2016
    In this episode of the Keiser Report, Max and Stacy discuss the basket of deplorables and the fistful of dollars that is the toxic soap opera called US Elections 2016 in which the ‘basket of deplorables’ is not the bankers with the fistful of campaign dollars, but the schmuck voter. They look at one deplorable bank, Wells Fargo, which has had to fire 5,300 of their employees for engaging in yet another bout of systemic fraud. In the second half, Max interviews Jaromil of Dyne.org about the latest in cryptocurrency markets and the lessons we might learn from Ethereum and now Monero.