Charlie Lee: Good samaritan or sellout? 😯

In my humble opinion...

stay alert, my friends.

 

Coin of the Day

Decentralized data exchange for the travel industry

(CRYPTO: TT) TravelChain is an open-source blockchain platform where users can store their personal travel data and sell it to businesses. In this digital era, data is becoming exponentially valuable; however, corporations such as Facebook and Google control 80% of all available data, leaving their smaller competitors at a considerable disadvantage. With TravelChain, businesses can purchase their user's data (the ones that are in their vicinity, at least) and utilize them for targeted marketing. Storage and sales of personal data on TravelChain also allows users to receive highly personalized travel deals, thanks to the AI integrated-platform that tells businesses the optimum offers for its customers. TravelChain invites you to join the 'travelution'.

 

Charlie Lee, the creator of Litecoin, sold his remaining pile of LTC. The public response: relief, anger, confusion, and much more...

Charlie Lee is without a doubt one of the most positive voices in the crypto community today. He's often removed from the drama, although Litecoin's 9,300% increase in the past 12 months was a catalyst for his most controversial decision yet: selling all of his Litecoin (LTC). The reason? To prevent a 'conflict of interest' when talking about LTC (whether that may be about a tweet or going on CNBC talkin' crypto). The general consensus? It was probably due to personal security issues (AKA, being a massive target for hacking). Exactly one year ago, Litecoin was $3.67. Yesterday, it was trading at around $320. So, you could say the token's had a pretty fantastic run.

 

Oh, and MarketWatch published this nasty article saying that Lee was involved in an 'insider trading investigation' – naturally, the article was quickly deleted. On the other hand, it prompts the question as to whether or not 'insider trading' even exists in crypto. Recently, companies like Coinbase have been exceptions to this issue (employees may have acted upon the knowledge that Bitcoin Cash was going to be added to the exchange; there's an ongoing internal investigation, we'll keep you updated).

 

Top economists: "Bitcoin is not a significant financial risk." *ding ding ding we have a winner*

A recent survey of top European economists finds that 75% of them don't think crypto is a "threat to the stability of the financial system," both in the short and long term. Furthermore, an assistant professor in the London School of Economics says that crypto, in general, is detached from the financial system and the real economy. Economists and bankers have been pretty undecided about what the heck Bitcoin even qualifies as. A Deutsche Bank economist said that a Bitcoin crash was a "major risk for markets" in 2018. Nobel-prize winning economist Joseph Stiglitz thinks Bitcoin should be outlawed (for some relatively ridiculous reasons), while Yale economist Robert J. Shiller believes that crypto is exciting, but an unrealistic story of an anti-government economic revolution (we'll see about that). Also, it was revealed yesterday that 96% of economists surveyed by the Wall Street Journal – questionable – say that Bitcoin has been experiencing a speculative bubble.

The New York Stock Exchange (NYSE) submitted two Bitcoin ETF-related proposals to the SEC, called the ProShare Bitcoin ETF and the ProShares Short Bitcoin ETF.  They're already planning on launching their own Bitcoin Futures, competing with the two markets already running through the Cboe and the CME. Meanwhile, Morgan Stanley estimated that  hedge funds invested an astonishing $2 billion in crypto, just this year. Out of the nearly 120 cryptocurrency-related hedge funds, 84 of them have started in 2017. This is a trend we've spoken about before, and you're likely to see a big push towards crypto hedge funds in the coming year, both larger and smaller.

There's a financial dominatrix (yes, that's a thing) who's added crypto mining to her arsenal of extra-curricular turn-ons.

Sooooo the North Korea-crypto problem may be a bit bigger than we think. Or so says the CrowdStrike CEO. The issue? Cyber attacks. Yikes.

Some companies are buying Bitcoin as insurance for almost-imminent online attacks, which would help them pay ransoms.

Coin to Watch

 

Verge (XVG) may have a weird and mixed community, but they're kicking butt. Just remember to prepare for the potential correction.

Daily LOL

Uh, OK Coinbase. (P.S. we hope everything is fine.)