September 28th, 2017

In my humble opinion...

Information is power.

Coin of the Day

Decentralized property ownership

Why not trade real estate like stocks? Atlant assists in the transparent and liquid trading of residential and commercial real estate on a decentralized platform. As one of the biggest markets in the world, real estate provides an incredible investment opportunity that's not easily accessible to everyone due to high barriers to entry. They're starting with a hotel and apartment building system, and drastically decreasing the fees that normally come with this service. While we think that democratizing real estate is a fantastic idea, Atlant is up against some stiff competition. We hope they succeed. Check out their whitepaper here.

The Morgan Stanley CEO isn't invested in bitcoin, but he's definetly not against it.

James Gorman, CEO of Morgan Stanley, had a few comments about bitcoin at the Wall Street Journal's Future of Finance conference. Here are some highlights from the talk:

"The concept of anonymous currency is a very interesting concept – interesting for the privacy protections it gives people, interesting because what it says to the central banking system about controlling that."

"It's obviously highly speculative but it's not something that's inherently bad.It's a natural consequence of the whole blockchain technology."

These comments are in stark contrast to Jamie Dimon, JP Morgan CEO, who infamously called bitcoin a "fraud" and later went on to declare that governments would likely shut cryptocurrency services down.  As you can tell, there's a divide developing in the traditional financial structures throughout the U.S. As of right now, we're not sure who's in the lead. While Dimon's news heavily impacted the crypto market (there was a lot of red in the stats last week), Gorman's remarks seemed to have little influence on crypto's performance yesterday. Shame.

In case you didn't hear, Jordan Belfort, the Wolf of Wall Street, is making the case for government regulated cryptocurrencies because he also thinks they're fraudulent. The question is...why do people still listen to this guy?

Bitcoin has always had a bit of a problem with the SEC. Things just got a little more complicated.

Early this morning, the Bitcoin Investment Trust withdrew their application to establish cryptocurrencies as securities. This opens a whole can of worms. As a digital currency are currently "traded over the counter", it has long been debated as to whether or not ICOs and cryptocurrencies can be considered securities in the U.S. - something the American government and banks aren't likely to approve any time soon. As we know, the SEC isn't, uh, very fond of full integration with crypto. And for now, we'll have to live with that.

This news comes a day after e-commerce giant Overstock.com announced a "fully regulated digital coin trading exchange". Assisted by tZero, RenGen, and the Argon Group, the goal is to create ICOs as an alternative to traditional securities. Overstock's CEO has long been a supporter of bitcoin, and their website even accepts it as a form of payment. We know where we're shopping next.

Rumor has it: Bitcoin Cash is in for another fork - this time for the better. (Stay tuned for more).

 

There are a few fundamental problems with ICOs, and some traders think they won't even exist in a few years.

One Venezuela's Bolívar is now worth just a single satoshi due to extreme hyperinflation. No bueno.

Coin to Watch

Yesterday, NEO (NEO) peaked...and is on a downward trend now (ouch). Keep an eye on it throughout the coming weeks.

Daily LOL

It's gonna be a bumpy ride!