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End of day summary - 09/11

The Dow rose 131.06, or 0.48%, to 27,665.64, the Nasdaq lost 66.05, or 0.60%, to 10,853.55, and the S&P 500 advanced 1.78, or 0.05%, to 3,340.97.
Traders at /thewallstreet cheered as volatility returned to the stock market.
The major averages finished Friday's trading in mixed fashion, as dip buyers provided support for the Dow and the continued tech selloff made the Nasdaq the laggard once again. The chances for another round of fiscal stimulus ahead of the election were hurt yesterday after Democrats stopped the passage of the "skinny" GOP package, but the U.S. economy looks poised for a strong rebound in Q3, corporate earnings continue to largely overshoot pessimistic forecasts and the Fed remains "all in," leaving investors to mull the cross-currents.
Similar to the days before, today's price action was technically-oriented given the absence of market-moving news and the losses in stocks like AAPL, -1.3%, AMZN, -1.9%, and MSFT, -0.7% on no specific corporate news. Apple shares fell 7.4% this week.
The difference today was that their losses were offset by relative strength in the cyclical sectors, namely industrials (+1.4%), materials (+1.3%), and financials (+0.8%). Still, when Apple and Amazon are down more than 1.0%, there must be more winners than losers to make a meaningful difference.
There were more of the latter on Friday, as declining issues outpaced advancing issues at the NYSE and Nasdaq. The information technology (-0.8%), consumer discretionary (-0.3%), and communication services (-0.3%) sectors ended the day in negative territory due to their exposure to the mega-cap stocks.
Interestingly, the S&P 500 was down as much as 0.9% intraday and fell below its 50-day moving average (3322). A broad rebound in the afternoon, however, helped the benchmark index turn positive and close above the key technical level.
In TikTok news, President Trump said that the deadline established for China's ByteDance to sell video-sharing service TikTok's U.S. operations would not be extended, Reuters reported. "It'll either be closed up or they'll sell it," the president told reporters, adding, "There will be no extension of the TikTok deadline." MSFT in partnership with WMT and Oracle have been seen as the leading suitors to purchase TikTok's operations in the U.S., Canada, Australia and New Zealand.
Subsequently, Reuters reported that Chinese officials are so opposed to a forced sale of TikTok's U.S. operations that they would prefer to see the app shut down in the U.S. over that conclusion. Reuters noted that China was willing, if needed, to use revisions it made to a technology exports list on Aug. 28 to delay any deal reached by ByteDance.
Electric vehicle hopeful NKLA continued its fight this morning with a short-seller, which now appears to be "short-sellers." Nikola issued a statement in response to claims made about the company by activist short-seller Hindenburg Research yesterday, calling the firm's report "a hit job for short sale profit driven by greed." Nikola, which added that it has "nothing to hide and we will refute these allegations," announced that it has retained law firm Kirkland & Ellis to evaluate potential legal recourse and intends to bring the actions of the short-seller, together with evidence and documentation, to the attention of the SEC. Following the company's press release regarding the response, Andrew Left's Citron Research said via Twitter, "Congrats to Hindenburg for exposing what appears to be a total fraud with $NKLA. Citron will cover half of all legal expenses. You can't SLAPP the truth away. Explains why Milton sold at $10 this June $NKLA response warrants an SEC investigation to maintain integrity of EV mkt." After having dropped 11% on Thursday, Nikola shares fell a further 14.5%.
Meanwhile, CNBC reported that AAPL has updated its App Store guidelines ahead of the release of iOS 14, with one major revision relating to game streaming services. The tech giant said in its revised guidelines that services such as Google Stadia (GOOG) and Microsoft xCloud are explicitly permitted, though under the condition that games offered in the service must be downloaded directly from the App Store, not from an all-in-one app.
Among the noteworthy gainers was Shares of ORCL, which was in focus after the company reported what Barclays analyst Raimo Lenschow called a "surprisingly strong beat" and growth on licenses despite the continued macro uncertainty. NOG, which rose 1.3% after acquiring interests in the Delaware Basin and raising Q3 production guidance. Also higher was CX, which gained 8.3% in New York after Morgan Stanley analyst Nikolaj Lippmann upgraded the stock to Overweight from Equal Weight.
Among the notable losers was AMRS, which dropped 25.8% after responding to a lawsuit filed by Lavvan against the company for patent infringement and trade secret misappropriation. Also lower was CHWY, which declined 9.8% after reporting some cats have tried to take over the company with whiteclaws.
Despite a blowout fiscal Q4 report, PTON were 4.2% lower following last night's from the fitness products and services provider.
Elsewhere stocks were higher, with the Shanghai composite up 0.79% to around 3,260.35 while the Shenzhen component rose 1.57% to about 12,942.95. Hong Kong’s Hang Seng index advanced 0.78% to end its trading day at 24,503.31.

Currency

The U.S. Dollar Index (93.35, +0.01, unch) reclaimed its overnight loss, gaining 0.7% for the week.

Treasury

U.S. Treasuries ended the abbreviated week with modest gains across the curve. The cash session started with some light selling for the second day in a row, but the market recovered from the early dip with ease.

Commodity

Gold slipped on Friday on a lack of further stimulus from the European Central Bank and the U.S. government, but for the week the safe-haven metal was set to end higher. Crude remained on track for a second weekly drop as investors expected a global glut to persist if demand weakens further with rising COVID-19 cases in some countries.

Crypto

Bitcoin is struggling to gather upside traction despite repeated defense of support at $10,000. The top cryptocurrency’s sell-off from the August high of $12,476 looks to have come to a halt near $10,000 over the past seven days.

YTD

  • FAAMG + some penny stocks +21.0% YTD
  • Spoos +3.4% YTD
  • Old man -3.1% YTD
  • Russy -10.3% YTD

CPI

Total CPI increased 0.4% m/m while core CPI, which excludes food and energy, also rose 0.4%. Those gains left total CPI up 1.3% yyr and core CPI up 1.7% yyr.
The key takeaway from the report, which featured the largest increase in the index for used cars and trucks (+5.4%) since March 1969, is that the increase in the all items index was broad-based; nonetheless, annual inflation rates are still running well below 2.0%, so there is still more noise than bothersome policy signal in the August report.

IPO (Most Anticipated)

Week of Sep14-18
  • Company: AMWL Amwell (NYSE) | Leading telehealth company enabling digital delivery of care for healthcare’s key stakeholders | Initial Shares: 35.0 M | Initial Range: $14.00-16.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, Goldman Sachs, Piper Jaffray, UBS, Credit Suisse, Cowen
  • Company: BNL Broadstone Net Lease | REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties | Initial Shares: 33.5 M | Initial Range: $17.00-19.00 | Priced On: NA | Opened: NA | Underwriters: Lead: J.P. Morgan, Goldman Sachs, BMO Capital Markets, Morgan Stanley, Capital One Securities, Truist Securities
  • Company: FROG JFrog (Nasdaq) | Developer of an end-to-end, hybrid, universal DevOps platform | Initial Shares: 11.6 M | Initial Range: $33.00 -37.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, BofA Securities
  • Company: SNOW Snowflake (NYSE) | Developer of a data cloud platform that enables customers to consolidate data into a single source to drive business insights | Initial Shares: 28.0 M | Initial Range: $75.00-85.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Morgan Stanley, JP Morgan, Allen & Co, Citigroup
  • Company: STEP StepStone Group (Nasdaq) | Global private markets investment firm | Initial Shares: 17.5 M | Initial Range: $15.00-17.00 | Priced On: NA | Opened: NA | Underwriters: Lead: JPMorgan, Goldman Sachs, Morgan Stanley, Barclays, UBS Investment Bank
  • Company: SUMO Sumo Logic (Nasdaq) | Pioneer of Continuous Intelligence, a new category of software, which enables organizations to address opportunities presented by digital transformation and cloud computing | Initial Shares: 14.8 M | Initial Range: $17.00-21.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Morgan Stanley, JP Morgan, RBC Capital, Jefferies
  • Company: U Unity Software (NYSE) | Leading platform for creating and operating interactive, real-time 3D content | Initial Shares: 25.0 M | Initial Range: $34.00-42.00 | Priced On: NA | Opened: NA | Underwriters: Lead: Goldman Sachs, Credit Suisse, BofA, Barclays, William Blair
Week of Sep21-25
  • Company: PLTR Palantir Technologies (NYSE) | Software developer for defense, intelligence agencies, law enforcement, and commercial enterprises | Initial Shares: 244.2 | Initial Range: NA | Priced On: NA | Opened: NA | Underwriters: Lead: Direct Listing

What's next?

Beer o'clock
Summary scraped from the interweb. Took 0.41 seconds.
submitted by hibernating_brain to thewallstreet [link] [comments]

r/Bitcoin recap - October 2018

Hi Bitcoiners!
I’m back with the 22nd monthly Bitcoin news recap. I Hope you like the new, categorized format!
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in October 2018
Adoption
SegWit adoption rises to over 50% (4 Oct)
A large bus company in Europe accepts bitcoin (4 Oct)
A holiday home in Germany accepts bitcoin (4 Oct)
A coffee shop in Bern, Switzerland accepts Lightning Network payments (5 Oct)
A shop at Brisbane airport accepts bitcoin (7 Oct)
An exchange in Latin America adds Lightning Network payments (12 Oct)
Some Venezuelans have turned to cryptocurrency and gaming currencies to make money (13 Oct)
Mycelium wallet will finally support SegWit (16 Oct)
Australia Post helps Bitcoin adoption through its digital identity service (24 Oct)
Blockchain.com still hasn’t implemented SegWit 1.5 years after their promise (25 Oct)
The Lightning network is now at 12500 open channels (26 Oct)
A bar in Mexico City accepts bitcoin payments (28 Oct)
Development
A BTCPay server can now be deployed in 1 minute (2 Oct)
Bitcoin Core 0.17.0 is now available for download (3 Oct)
Electrum will get a Lightning Network integration (3 Oct)
Scaling Bitcoin Tokyo slides and presentations (5 Oct)
People discuss building on the Lightning Network at an upcoming event (11 Oct)
A Lightning Network-powered E-bike (14 Oct)
Bulletproofs were implemented in Monero resulting in a huge boost in scalability (20 Oct)
Watchtowers were merged into LND (25 Oct)
Wasabi Wallet 1.0 is released! (31 Oct)
Security
A discussion on “out of the box” Bitcoin nodes (20 Oct)
A warning about a “dusting attack” on wallets to deanonymise people (25 Oct)
Mining
By 2032 99% of all bitcoins will have been mined (6 Oct)
Bitmain’s new firmware is causing problems (22 Oct)
Antpool stops including transactions that use SegWit (29 Oct)
Business
The inventor of the World Wide Web launches a platform to redecentralize the Internet (1 Oct)
Coinbase added 5M users in ~6 months (3 Oct)
Yale University will reportedly invest $400M in a cryptocurrency fund (7 Oct)
An interview with the CEO of Bitrefill on their Lightning Network experiences (9 Oct)
The Liquid Network is officially launched as a Bitcoin sidechain (10 Oct)
Fidelity launches a digital asset service (15 Oct)
Goldman Sachs plans to use Bakkt’s cryptocurrency custody service (18 Oct)
Ledger reveals it sold 1.3M hardware wallets (18 Oct)
Goldman Sachs invests in cold storage solution provider BitGo (18 Oct)
Shapeshift’s KYC is now in place (19 Oct)
Coinbase and Circle announce the USDC stable coin (23 Oct)
An investigation finds that some crypto media outlets don’t disclose paid promotional content (25 Oct)
Research
A high-resolution Lightning Network overview (2 Oct)
Education
A guide on how to accept bitcoin using BTCPay server (14 Oct)
An explainer of Neutrino for the Lightning Network (17 Oct)
Bitcoin is the invention of digital scarcity (28 Oct)
10 years ago Satoshi Nakamoto published the Bitcoin Whitepaper to a mailing list (31 Oct)
Regulation & Politics
Scalability discussion at a Senate hearing in the US (12 Oct)
Japan grants cryptocurrency industry self-regulatory status (24 Oct)
Chinese court says it is legal to own and transfer bitcoin (26 Oct)
China’s merchants are legally allowed to accept bitcoin (27 Oct)
A US Presidential candidate wants to exempt cryptocurrencies from capital gains tax (30 Oct)
Archeology (Financial Incumbents)
Anti-cryptocurrency propaganda promoted by American Express (16 Oct)
Many of the banks calling bitcoin a money laundering tool are caught money laundering themselves (19 Oct)
Mastercard files patent for bitcoin transactions on credit cards (26 Oct)
The Visa CEO says cryptocurrency is not a big threat but they will support it if needed (27 Oct)
Banks asking you for the reason for payments is why we need bitcoin (28 Oct)
Price & Trading
Analysis on the activity of ‘whales’ in the bitcoin market (10 Oct)
Bitcoin has been less volatile than Nasdaq, Dow and S&P 500 (24 Oct)
Fun & Other
People discuss the quality of some largely upvoted posts on Bitcoin (7 Oct)
People try to make clear that Bitcoin has no CEO (8 Oct)
An easter egg in the Bitcoin genesis block (12 Oct)
A bitcoin ATM operator gets money back from the police who confiscated it (13 Oct)
eToro creates a cryptocurrency ad with Game of Thrones star (17 Oct)
$194M was moved using bitcoin with a $0.1 fee (19 Oct)
Why Bitcoin and Cryptocurrency have no future (21 Oct)
Elon Musk’s Twitter gets blocked when talking about Bitcoin upon suspicion of being hacked (23 Oct)
Apple co-founder Steve Wozniak plans to travel somewhere using only bitcoin (26 Oct)
A Halloween gift with claimable bitcoin (29 Oct)
Someone gifts $20 of Bitcoin to Janet Yellen’s public email after she makes negative statements on stage (30 Oct)
Bitcoin receives a lot of bad press based on a poorly researched report (30 Oct)
See you all next month! ✌️ Try to do something good for Bitcoin!
submitted by SamWouters to Bitcoin [link] [comments]

New Expanse Luna wallet now PUBLIC!

New Expanse Luna wallet now PUBLIC!

https://preview.redd.it/oovy6heq07n11.jpg?width=1600&format=pjpg&auto=webp&s=3635b9ba40868587e00237645b36e70ac8a8ddd0
"Welcome to the seventeenth edition of the Expanse Newsletter for 2018. This publication is a bi-monthly newsletter issued on the 1st and 15th of each month to share happenings within our community. Here are a few highlights in this edition:
  • The PEX Airdrop Happened. What now?
  • New Expanse Luna Wallet Now Public
  • New Chinese Expanse Website
  • Gameboard – We Believe in a World Where People Want to Play
  • Slips Partnership – A Winning Proposition for EXP-holders
  • Call for Tokenlab Beta-Testers
  • SomosExpanse our Digital Magazine in Spanish
  • Community News – Current Crypto Market Conditions – What’s Happening?"

THE PEX AIRDROP HAPPENED. WHAT NOW?


https://preview.redd.it/hk28eq9127n11.jpg?width=1600&format=pjpg&auto=webp&s=810730752c392f0d61d50be03d3a0efa845fc8ca
As you know, the EXP team just airdropped a new token, PEX, to the Expanse and Tokenlab community. Airdrops are a straightforward way to bootstrap a user base for a new product, in this case, the Expanse Decentralized Exchange, EXPEX. The airdrop piloted the Tokenlab Airdrop module, one of the applications that comprise the Tokenlab self-service suite of products designed for ICO management. It went off without a hitch. (If you have not found your PEX, email [email protected].)
Expanse secured the services of an external development team to create EXPEX, and the final code has been delivered. We are in the process of branding the UI and will publish a launch date soon. So, hang onto your PEX!
Read more detail here about how it all works: https://expanse.tech/understanding-pex-token-utility/

NEW EXPANSE LUNA WALLET NOW PUBLIC

https://preview.redd.it/73unvd0627n11.jpg?width=1600&format=pjpg&auto=webp&s=79da74325d37b736dcfe871ab07fe510c99df9d8
The new Expanse wallet, Luna, is now public and ready for download. The download links are on the Expanse.tech website or you can use this link: https://expanse.tech/downloads/ The existing Expanse Mist wallet is a fork of the Ethereum Mist wallet. However, Luna is a wallet we developed with our own original code, and promises to be one of the most feature-rich wallets out there once all of the development is complete. For now, feel free to use either Mist or Luna. We will give you plenty of notice when or if we discontinue support of the Mist wallet version.
Many thanks to all of the Expanse Army 1st Lieutenants who participated in the beta-test. Please continue to report any bugs that may have not shook out during testing.

NEW CHINESE EXPANSE WEBSITE TO LAUNCH OCTOBER 1

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Our Chinese marketing team, led by Community Manager Alex Zhao, is putting the final touches on the Chinese version of the Expanse website. They project a 10/1 launch date.
Some of their other accomplishments include:
  • WeChat membership increased to 350.
  • QQ group increased to 500 members.
  • Submitted applications to two exchanges in China.
  • Participate as active beta-tester for Luna wallet.

GAMEBOARD – WE BELIEVE IN A WORLD WHERE PEOPLE WANT TO PLAY!

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Gameboard is an EXP.Grants partner. We asked their team to help us understand the gamification principles behind the Gameboard dApp. We learned that there are indeed scientific theories behind all of this play.
When talking about Gamification you automatically think about adding points to a platform to make it “fun.” However, there are many more factors that affect the degree of fun or interest in a game on the part of the players.
Many applications that have come onto the market use the basic principles of gamification as part of the design. We have covered them in other Expanse articles: Frameworks as Octalysis or 6D approach of gamification. It is important to establish that there are two important parts in the application of Gamification to a platform or system: Dynamics and Mechanics.
Dynamics consist of all the activities added to the game based on the actions of the players:
  1. Discovery phase: Listening, reading, observing and navigating to generate interest.
  2. Onboarding phase: In this phase, the user feels that he/she is advancing in a simple and orderly manner; he gets hooked.
  3. Scaffolding phase: After the user is already immersed in the game, he/she then seeks to improve and win. During this phase, users develop the greatest amount of challenges and require constant feedback.
  4. Endgame phase: Finally, we must give a closure to each activity. This is the end of the game, which is an important action—a huge challenge—that allows the user to feel that he/she has conquered the game. This phase is called Endgame. Just when the user is about to feel that he/she is finishing, we invite him/her to a new challenge, to a new objective—phase 2 or the next level.
In the design stage of a game (pertaining to the dynamics) the User persona is also established to model potential users. The needs, the objectives, the emotions and the feelings are also established during this phase of design.

I HAVE THE DYNAMICS, NOW WHAT?

This is the part where Gameboard comes into play and where the mechanics are necessary. The mechanics allow for establishing the points, levels, badges, challenges and other forms of measurement. The activities within the gamified process are recorded in this part. Without this, we would not have analysis of the information.
Gameboard saves and stores the information generated by the dynamics so that it can be analyzed and collaborate in the decision making. Even more important, it allows for recordkeeping and control of the actions of each player.
The fact that users can receive rewards is one of the most important features, especially because it is the way of measuring performance in terms of
  • Budget
  • How much the company has improved in performance (assuming that this was the goal)
  • Each award in time
  • Objects that have direct involvement with money

THE GAMIFICATION PLAYGROUND ON THE BLOCKCHAIN

By integrating Expanse blockchain technology, Gameboard safely stores each record of points earned by the player, these being value transactions that rely on the security and permanence of the blockchain to store and redeem points for the players.
There are two current lines of business for Gameboard:
  • Custom – The customized approach is based on integrations into existing platforms created by other companies or ventures. If they already have a system, Gameboard is integrated into this system and keeps track of points earned.
  • Standard – Add-ons, plugins or components in platforms that already exist in the market. We create these integrations to enter those markets. This will increase the number of transactions on the platform and users that interact in it.
For both options, Gameboard provides information analysis, progress, behavior and motivation across any of the different platforms. Gameboard respects the anonymity of the players, so it does not store sensitive information about its users.
Currently, we have finished the Gameboard base engine, the API that allows integration, and the user and administration platforms. Each section of the system is customizable so that it has the look and feel of your company or platform.
We are very close to launching the new functionalities including the integration with Expanse’s technology. So, stayed tuned!
We believe in a world where people want to play!!

SLIPS PARTNERSHIP – A WINNING PROPOSITION FOR EXP-HOLDERS

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We continue to be excited about the potential of the Slips project, which was one of the first batch of projects to receive grant funding from Expanse.
Did you know that straight out of the gate, EXP (Expanse) is the only payment option for the Slips platform? When the platform launches, people will only be able to make real money bets with the EXP token. Now would be a very good time load up on Expanse in advance of their launch!
As one community member surmised, “This is a great example of what makes the Slips partnership so awesome—Slips gamers will have to settle bets in EXP. People who have never had any interest in crypto won’t have a choice but to buy EXP if they want to use the platform for something that has already been demonstrated as a need in the online gaming community.”

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A quick reminder to those who aren’t up to speed on what Slips is hoping to achieve. The team are working on a project which will allow gaming fans to use the Expanse network to challenge each other to bets whilst watching their favorite streamers on platforms like Twitch.
In the last newsletter, we mentioned that it was possible for users to create channels and explore what was available on the Slips platform. Now you can even create your own profile. We decided to give the functionality a quick spin earlier and were amazed by how nice it looked!
As well as being able to make our profile look the way we wanted, we were able to post status updates, link our existing social media accounts, manage the official Expanse channel on Slips and even follow other users.
Take a look at the Expanse profile on Slips here https://slips.network/profile/EXP/home:

https://preview.redd.it/wlixpt1w27n11.png?width=463&format=png&auto=webp&s=94514a0d65e6646a05f52e253e98a02a1a01849b
If you are feeling adventurous (or curious!) why not register and make your own profile? The Slips team mentioned in an announcement in their Discord channel (https://discord.gg/mJHJ88U) that they are looking for help from users to iron out any bugs.
Meanwhile after successfully launching the profile feature, they are continuing to work hard to get the proof of concept released. They’ve spent the last week finalizing specifications and requirements for the next milestone in the project. The UI work has already begun and coding will also resume next week. We have a few sneak previews that we obtained below:
https://preview.redd.it/q04yd7v037n11.png?width=463&format=png&auto=webp&s=cd43786828fdb3d81cec32eafea2c36736bd3f29
https://preview.redd.it/ljwuyeg337n11.png?width=226&format=png&auto=webp&s=4aed4abd85126ff7fafcc5ca0edf51d1989cbc0a
https://preview.redd.it/wf6kkkp737n11.png?width=300&format=png&auto=webp&s=06279ed194782ea53192eb7c6366a3610ce96cd6
https://preview.redd.it/9cxe4a8b37n11.png?width=300&format=png&auto=webp&s=51e50b11fce44c8192dd34392c4f36f9169832b6
https://preview.redd.it/thw52i8d37n11.png?width=300&format=png&auto=webp&s=c1a7de653ed2cfe7f46f5361c23b221de8d03b61
https://preview.redd.it/67cx9gqf37n11.png?width=300&format=png&auto=webp&s=54526a93b0cec3fe84fe06412e1edad85f6dde73
We look forward to the launch of their dApp on the Expanse network.

CALL FOR TOKENLAB BETA-TESTERS

https://preview.redd.it/op9kr8un37n11.jpg?width=1600&format=pjpg&auto=webp&s=b8f5f2fcb6b7550a5ad2ba6c680a50b3f49dddc2
Per the dev team, we are close to releasing some of the applications that comprise the Tokenlab self-service suite of products designed for ICO management. Recently we put out a call for testers to try out the beta versions of the Luna wallet. The response was overwhelming, and we qualified nearly 40 testers. These same testers have access to the private channels for Tokenlab beta testing. If you did not apply and want to test Tokenlab, complete the application form here
Beta-testers receive a promotion to 1st Lieutenant in the Expanse Army.

SOMOSEXPANSE. OUR DIGITAL MAGAZINE IN SPANISH


https://preview.redd.it/sdttio2u37n11.jpg?width=1600&format=pjpg&auto=webp&s=68f0d199ad5b7ee2f47430d095266578e7465f13
Spanish is the second-most spoken language in the world. The market continues to grow—especially for the Expanse community. To that end, we have created SomosExpanse (We are Expanse).
SomosExpanse is a digital magazine whose purpose is to inform and educate about blockchain technology. The project is born from a motivated community, integrated and growing. To accomplish this, we have added a dedicated Spanish-speaking communications team to the Expanse infrastructure.
All of the Expanse project content routinely created in English (news, blogs, newsletters, social media posts) is translated and placed on the SomosExpanse platform. We also integrate articles from reliable sources, such as Criptonoticas and CoinCrispy, in order to offer more robust content.
We are focused on creating an interactive media strategy with valuable content, as well as constant updates about Expanse and the world of the blockchain. We developed a progressive APP for you to have it directly on your phone with notifications and amazing content.
This strategy is complemented by postings to social networks, including Diiscord, Instagram, Twitter and Steemit. We invite you to follow (and like) us on these social networks:
We have plans to replicate this communication strategy in many other languages, including Chinese and Japanese. We invite you to participate by suggesting other languages for the concept or by serving as an ambassador to help provide content. If you are interested or have any suggestions, please write to [email protected].
We are Expanse.

COMMUNITY NEWS

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Usually, we provide a list of compelling quotes gathered from community discussions. This time, we decided to feed back a narration of an important discussion that took place last week regarding the current crypto market conditions. In case you missed it, I’m sure you’ll agree that we have one of the most insightful, clever communities around.

CURRENT CRYPTO MARKET CONDITIONS – WHAT’S HAPPENING?

“What’s happening to crypto?” “What’s causing the prices to tank?” These are obvious questions on everybody’s minds these days as prices begin to tumble. Bitcoin lost close to $1000 in the last 10 days and Ether has lost almost 25% of its value in the last month. The situation is even grimmer for other altcoins. So what is really happening?
The Expanse Discord channel, if you know, is one of the most vociferous and active crypto communities out there and most of its members are astute students and passionate followers of the crypto phenomenon It was only fair that similar questions arose during an avid round of discussions and there were some interesting points of view from across the aisle regarding what was happening.
It started with a member saying that he thought that the end of crypto is near. He was worried that too many scams had taken their toll on a fascinating and promising phenomenon that has the ability to change our lives forever. However many projects gave false hopes and people lost a lot of money and in turn, their faith. The negativity that is being experienced in the market was a result of this disappointment and people trying to cash out their crypto assets as fast as possible. This would probably signal the collapse of a lot of altcoins. The member went on to predict that most coins will stop all development or activity before the year is over because cryptocurrencies just won’t be able to hold their value and people are seeing this more clearly with each passing day, fuelling the circle of fear and mass dumping.
To this, another member had an interesting observation. He said that what was currently happening to crypto is similar to what happened to dotcom in 2000. After the “dotcom bubble” burst, what was left were companies with real value, like Google that came out with a few bruises but emerged winners. Many companies followed what Google had done – build real value, rather than hype – and made a fortune for themselves, while transforming the industry.
A member observed that nobody is buying anything and he was surprised people are still selling at these prices. He thought it was kinda late in the game to think people are going to save what they have left.
The EXP token has also bore the brunt of this haphazard volatility. Market and volume patterns suggest that someone is buying EXP from the sell side just to sell into the buy side to strip the market of its BTC. Unfortunately, this strategy seems to be working pretty successfully.
A member, however, dismissed that people were specifically targeting EXP and said that while he agreed that there was a repeating pattern, it was market-wide. Most of the top coins have already lost around 88-95%of their January high values and many coins, especially the lower value ones, are hitting their introductory prices or even less.
He went on to further say that some people were dumping not just Exp, but everything from the lowest coin on the list all the way up to Ethereum. He called this action as a “purge” because it is likely that some of the projects will fail economically or just fail completely. To understand the severity of the situation, consider this. A project that raised $10M worth of Ethereum in an ICO in January 2018, now only had around $1.2M if they didn’t liquidate immediately. Most projects held their Ethereum reserves and have seen a severe erosion of their funds. Likewise, the value of the projects coins themselves are becoming worthless.
If you look at wallet balances on most projects, the top 100 wallets hold well over 90% of the total coins in any given project. Keeping in mind that some of these wallets are exchange wallets, that is still a little disheartening. The bitcoin whales are alive and are absorbing this tirade pretty well. They have so much BTC, they can’t cash it out so for them it is more of a game.
A member had an interesting take on the scenario. In his opinion, manipulators periodically use BTC to harvest altcoins from weak hands. Blockchain IS the future and some of them will become zillionaires sooner or later. Since blockchain is the future, there probably are governments, 3-letter agencies, armies, secret societies, hackers and criminals involved. In his opinion, anyone mining EXP currently and selling it is obviously a moron!
To this a member added a personal experience that he stopped mining EXP in April, because at the current price, with 1.1GH/s, he made 90¢ per day, after paying for electricity costs. This is obviously unviable. So the question he had is that if everybody bought EXP at a higher rate, who’s selling them at these rates? It is quite likely that they are selling at a huge loss.
There, apparently, are people who sold recently at 8¢ on the dollar to exit the market completely. They are done. They think the crypto market is dead. This was what is known in financial terms as “market capitulation.”
By definition, capitulation means to surrender or give up. In financial circles (from Investopedia), this term is used to indicate the point in time when investors have decided to give up on trying to recapture lost gains as a result of falling stock prices. Suppose a stock you own has dropped by 10%. There are two options that can be taken: you can wait it out and hope the stock begins to appreciate, or you can realize the loss by selling the stock. If the majority of investors decides to wait it out, then stock price will likely remain relatively stable. However, if the majority of investors decides to capitulate and give up on the stock, then there will be a sharp decline in its price. When this occurrence is significant across the entire market, it is known as market capitulation.
The longer a market stays in a state of capitulation, the longer it takes for investors to regain enough trust in that market to jump back in. This is what causes recessions. Once a recession has run for an extended period and market confidence is still low, it becomes a depression. This is when people like Warren Buffet would swoop in and buy anything and everything people were selling. His now famous adage says, “Be fearful when people are greedy and be greedy when people are fearful.” While it is difficult to agree with his brand of investing, but when it comes to financial advice, this one line reigns supreme. And this is exactly what’s going on right now.
One member found it funny when BTC purists say that BTC was created to replace the “corrupt” fiat system. They then look down at altcoins but at same time practically beg investors like Goldman Sachs or Buffet to invest in crypto. BTC forums are full of people like that, and you even get 50 merit points for simply saying “BTC rocks, all alts are shitcoins!”
At the end of the discussion, there was some sage and positive advice from a veteran – “Just gotta keep developing. Eventually crypto will have utility, it’s just taking forever because it’s so new. Right now people are buying on promises. We need promises to be kept in this space so that people have to buy out of necessity.”
Another member ended the discussion saying that while the crypto markets certainly look grim right now, everybody needs to understand that all markets move in cycles. What goes up will come down and judging from previous cycles, the crypto markets will certainly go back up again. Of course, not everything will go back up, but projects like Expanse, that have active development and goals they are working toward, will. The question is how long are you willing to wait?

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Expanse is thrilled to have you in the Expanse Army. Be sure to join Discord if you are not already part of it at this link: https://Discord.me/expanse – and grateful to all who would like to join the Ambassador Program!

This is the latest newsletter from EXPANSE. Must read it to know more about their latest news!
submitted by Lilmarianne to ExpanseOfficial [link] [comments]

Crypto News Recap for the week ending August 3rd

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Subreddit Stats: Bitcoin top posts from 2018-04-16 to 2018-05-16 07:24 PDT

Period: 29.86 days
Submissions Comments
Total 1000 60667
Rate (per day) 33.49 2014.59
Unique Redditors 728 13668
Combined Score 403062 287813

Top Submitters' Top Submissions

  1. 23089 points, 2 submissions: jrs0080
    1. Whoever put this up deserves a medal (22960 points, 320 comments)
    2. It’s Official... 13th December is The Best Day to Own Bitcoin!!!! (129 points, 30 comments)
  2. 22608 points, 10 submissions: bitchari
    1. Value is always in the eyes of the beholder (10970 points, 554 comments)
    2. We did it!! BTC ✌️ (4328 points, 346 comments)
    3. Uncomfortable truths!! (3222 points, 471 comments)
    4. "rat poison" returns!! (1547 points, 239 comments)
    5. Really!! (806 points, 127 comments)
    6. A picture is worth a thousand words! Found this on Twitter (805 points, 88 comments)
    7. German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin "see no bank, hear no bank, speak no bank" is their motto (392 points, 30 comments)
    8. “We need to take a moment and respect this generation’s interest in this new instrument (bitcoin),” CFTC Chairman. https://www.ccn.com/we-need-to-respect-this-generations-interest-in-bitcoin-cftc-chairman/ (328 points, 28 comments)
    9. You may define what Bitcoin is to yourself. You may not define what Bitcoin is to others without their consent. https://t.co/6vVRhoVTZm (113 points, 18 comments)
    10. Bill Gates doesn't like bitcoin. Really?!! He did not believe in the internet either! (97 points, 47 comments)
  3. 14875 points, 2 submissions: ltc-
    1. What a time to be alive! (14748 points, 470 comments)
    2. I modified a thing. (127 points, 22 comments)
  4. 10913 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10913 points, 1557 comments)
  5. 10876 points, 1 submission: PineappleFund
    1. Farewell from the Pineapple Fund (10876 points, 611 comments)
  6. 10387 points, 1 submission: EMC2_trooper
    1. I see it every day. (10387 points, 296 comments)
  7. 9081 points, 1 submission: normcrypto
    1. You knew this was coming... one of my faves last year (9081 points, 128 comments)
  8. 8749 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7945 points, 207 comments)
    2. As I was saying (423 points, 20 comments)
    3. Too Damn High (194 points, 56 comments)
    4. Dear Bitcoin ATM makers please disclose your fees in clear understandable language prominently on the face of your machines. (187 points, 53 comments)
  9. 7663 points, 1 submission: joe4c
    1. Sir this seat is reserved for people with disabilities... (7663 points, 526 comments)
  10. 6865 points, 1 submission: Dark_Dantex
    1. It’s over 9000!!!!!! (6865 points, 429 comments)
  11. 6741 points, 1 submission: Weaselbrott
    1. Everyone on Bitcoin right now waiting to press "submit" on their well-crafted 10K memes (6741 points, 134 comments)
  12. 6553 points, 1 submission: chickenmalaitikka
    1. Rekt (6553 points, 85 comments)
  13. 5352 points, 1 submission: LouisOfTokyo
    1. I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate cake. (5352 points, 303 comments)
  14. 5340 points, 3 submissions: Pascalboyart
    1. Thanks a lot for your bitcoin donations on my street art piece in Paris, already 130$ received 🙏🙏🙏 (3909 points, 178 comments)
    2. Street art piece in Paris with a QR code for bitcoin donations (728 points, 63 comments)
    3. We did it ! Thanks to all the redditors, it came most from you guys 👏🙏🙏🙏 (703 points, 71 comments)
  15. 5118 points, 2 submissions: TipToeTiger
    1. Crypto Rider - A free game I made about racing on Bitcoin and other crypto's historical price graphs! (more info in comments) (5052 points, 309 comments)
    2. Thank You message to bitcoin from Crypto Rider team! (Message in comments) (66 points, 12 comments)
  16. 5021 points, 1 submission: UniqueUsername642
    1. This is Cryptocurrency (5021 points, 372 comments)
  17. 4820 points, 2 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4731 points, 246 comments)
    2. Very Soon in Vegas (89 points, 15 comments)
  18. 4558 points, 2 submissions: boobooyoudo
    1. Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement (4501 points, 711 comments)
    2. Near Field Technology could help bring lightning Bitcoin payments to retail. (57 points, 7 comments)
  19. 4222 points, 1 submission: sparty_postgrad
    1. The answer on Jeopardy today! (4222 points, 174 comments)
  20. 4209 points, 2 submissions: installeris
    1. 17000000 Bitcoins Have Been Mined! 4 millions to go! Happy anniversary day! (3735 points, 271 comments)
    2. The Irony (474 points, 37 comments)
  21. 3850 points, 1 submission: SingularityNerd
    1. Hilarious satire protest outside Consensus, the website says Genesis Mining put it on. #bankersagainstbitcoin (3850 points, 183 comments)
  22. 3673 points, 1 submission: sebastianstan21
    1. Current scenario (3673 points, 130 comments)
  23. 3632 points, 1 submission: awice
    1. WOW, this just happened on Jeopardy! last night. (3632 points, 363 comments)
  24. 3630 points, 1 submission: -All-Day-
    1. Ayy lmao (3630 points, 60 comments)
  25. 3617 points, 1 submission: JJKirsch
    1. Fake or Fork (3617 points, 354 comments)
  26. 3435 points, 2 submissions: tedand
    1. CoinMarketCap should remove Bitcoin dot com website from Bitcoin's page (3135 points, 200 comments)
    2. Bitcoin.com is first result in Google for "buy Bitcoin", selling "Bitcoin Cash" instead (300 points, 168 comments)
  27. 3429 points, 1 submission: universaleric
    1. Sh..should we get the "it's over 9000" memes ready? (3429 points, 204 comments)
  28. 3404 points, 1 submission: eragmus
    1. Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” (3404 points, 402 comments)
  29. 3354 points, 7 submissions: ayanamirs
    1. Satoshi Nakamoto about bitcoin.com (2332 points, 327 comments)
    2. Roger Ver is a well-known scammer. (451 points, 129 comments)
    3. Coinbase has become an unreliable and even dangerous service, subject to arbitrary, non-transparent actions as it merged with the US banking sector and started to provide information on its customers to the US government. It has become everything that Bitcoin was designed to stop - @Wikileaks (313 points, 145 comments)
    4. Electrum 3.1.3 release! (96 points, 24 comments)
    5. I'm so glad bitcoin don't have a central man on the top. (71 points, 23 comments)
    6. Fees are low, use this opportunity to Consolidate your small inputs! (58 points, 7 comments)
    7. The segwit adoption doesn't increase anymore. We need to do something. (33 points, 33 comments)
  30. 2819 points, 4 submissions: Mikeross14
    1. Cracks me up everytime (2161 points, 70 comments)
    2. Baby Saver offers to buy this sub (270 points, 270 comments)
    3. Marvel referencing cryptocurrency in one of its latest comics! (261 points, 21 comments)
    4. You want to help Bitcoin but can't code? Do a simple thing then, call out all the scammers and call out everyone who supports these scammers. Make Crypto free from these scums. Simple. (127 points, 37 comments)
  31. 2795 points, 4 submissions: Fly115
    1. Bitcoin.com has fixed it's webpage after lawsuit (1642 points, 572 comments)
    2. Microsoft + Bitcoin Lightning Network. Decentralized Identity proof of concept to be shown off at Consensus 2018. Seems big (721 points, 104 comments)
    3. A major announcement at #consensus2018 that did not seem to get a lot of airtime @LedgerHQ announcing an institutional custody solution in partnership with @Nomura and @GABIjersey. Addresses a major issue for institutional investors (242 points, 16 comments)
    4. Segwit Adoption - Steady growth to 35% (190 points, 70 comments)
  32. 2590 points, 1 submission: dustincrypto
    1. Bitcoin going mainstream in Las Vegas (2590 points, 109 comments)
  33. 2567 points, 3 submissions: edlund10
    1. Nick Szabo retweeted: "⚠️ If you are new to #bitcoin then please be aware that bitcoin .com is a fraudulent website. ⚠️ This website is run by Roger Ver who is a known serial scammer. ⚠️ The current main scam is the promotion of #bcash which is a fake version of bitcoin." (1906 points, 302 comments)
    2. Exactly 5 years ago Wired wrote "The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet." The loss is currently worth $124,453.58 (568 points, 134 comments)
    3. Warren Buffet vs. Bitcoin, 5 years chart, logarithmic scale (93 points, 52 comments)
  34. 2556 points, 1 submission: SchnitzelBoss
    1. Coinmarket cap removed Bitcoin.com from Bitcoin's website list. (2556 points, 159 comments)
  35. 2549 points, 1 submission: bajanboost
    1. CEO of Binance actually gives a f***. This is the exact moment he was introduced to the Bermuda Shorts by the Bermuda Development Agency; A formal dress code in the country (2549 points, 125 comments)
  36. 2518 points, 2 submissions: Bitcoin_21
    1. WikiPedia's Bitcoin page removed the Bitcoin dot com explorer, because it misleads its users. (2083 points, 153 comments)
    2. Please report the bitcoin ,com wallet to the iOS app store for fraud. (435 points, 122 comments)
  37. 2403 points, 1 submission: TomasEddison
    1. Guy on CNBC says $100USD bill is used for far more illicit activity than bitcoin. (2403 points, 183 comments)
  38. 2316 points, 7 submissions: Suberg
    1. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1094 points, 298 comments)
    2. Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity, 7000 active channels (500 points, 172 comments)
    3. Bitcoin.com Fraud Lawsuit Group Gaining Steam With Over 1000 Members (322 points, 184 comments)
    4. Tom Lee: Bitcoin Price Increase Coming After Consensus Conference (155 points, 46 comments)
    5. Russia's 'CIA' Memo Admits Telegram Was Blocked Because Crypto Is 'Uncontrollable' (151 points, 13 comments)
    6. Bitcoin Price Historically Surges With Consensus Conference, Data Shows (47 points, 26 comments)
    7. IMF's Lagarde: Bitcoin 'Could Have a Significant Impact on How We Save' (47 points, 11 comments)
  39. 2274 points, 9 submissions: TheGreatMuffin
    1. The CEO of Binance, a company with $200M yearly revenue, at a press conference (810 points, 103 comments)
    2. Goldman Sachs to Open a Bitcoin Trading Operation - NYTimes (498 points, 54 comments)
    3. Kraken's response to the NYAG enquiry (413 points, 117 comments)
    4. Jameson Lopp: "Today I've learned that a lot of data sources are incorrectly reporting the total bitcoin supply. We haven't actually hit 17M BTC yet; you can follow along in realtime at [link]" (141 points, 23 comments)
    5. Bitcoin was the 9th most viewed Wikipedia article in 2017, coming in just behind the entry for the United States. (h/t @lopp) (120 points, 18 comments)
    6. Samourai and goTenna Enable Bitcoin Transactions Without Internet Access (100 points, 16 comments)
    7. A German online bank uses Bitcoins to transfer loans (93 points, 35 comments)
    8. Huawei Is About to Give Chinese Users Easier Access to Bitcoin (62 points, 14 comments)
    9. Bitcoin Threat Model - extensive security review of possible threats to bitcoin as cryptocurrency (by JW Weatherman) (37 points, 11 comments)
  40. 2225 points, 1 submission: awesomedan77
    1. WARNING: HitBTC stole 5Btc deposit, even after I provided everything they asked for 2+ months! (2225 points, 486 comments)
  41. 2170 points, 1 submission: ronnnumber
    1. 45% of investors... (2170 points, 227 comments)
  42. 2041 points, 1 submission: YnotHaTony
    1. Truth about Bitcoin mining (2041 points, 136 comments)
  43. 2017 points, 9 submissions: Miladran
    1. Nasdaq is open to becoming cryptocurrency exchange, CEO says (966 points, 104 comments)
    2. BREAKING: Coinbase Just Bought One of Bitcoin's Biggest Startups (278 points, 103 comments)
    3. Bitcoin buy orders are >90% of the market for the first time since March 2017 (176 points, 28 comments)
    4. Telegram CEO Is Using Bitcoin to Help Bypass Russia's App Ban (173 points, 11 comments)
    5. Sell gold, buy bitcoin? The ultimate global safe haven debate has begun (128 points, 56 comments)
    6. Lambos are coming (117 points, 53 comments)
    7. Bitcoin gets boost from IMF head (71 points, 7 comments)
    8. Is PayPal driving people towards Bitcoin? (60 points, 83 comments)
    9. NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June (48 points, 9 comments)
  44. 1997 points, 1 submission: trainrekt23
    1. Found this today on the campus of my uni (1997 points, 225 comments)
  45. 1991 points, 1 submission: kynek99
    1. Here is the bitcoin.com owner who created Bitcoin Cash to scam people and show real Bitcoiners a middle finger. (1991 points, 408 comments)
  46. 1847 points, 1 submission: sha256art
    1. Fasten your seat belts (1847 points, 107 comments)
  47. 1822 points, 1 submission: 127fascination
    1. Australia Bans Cash For All Purchases Over $10,000 Starting July Of 2019 (1822 points, 531 comments)
  48. 1788 points, 5 submissions: coinmoon_com
    1. ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017. Lets make it number 1 this year. Spread the word! (632 points, 35 comments)
    2. Bitcoin has worked non stop for 9 years. Without any days off, scheduled maintenance or severe issues. Let that sink in for a minute. (599 points, 226 comments)
    3. FORBES: Gold used to be money, and it was great money for its times. But Bitcoin's now the new flight capital. (286 points, 37 comments)
    4. 15 Claims Against Lightning, Answered (164 points, 12 comments)
    5. Bitcoin could replace cash in 10 years - Business Insider (107 points, 59 comments)
  49. 1694 points, 1 submission: BitMarKas
    1. New Ledger features! (1694 points, 42 comments)
  50. 1635 points, 6 submissions: _smudger_
    1. Today the 17th Million bitcoin will be mined (1070 points, 130 comments)
    2. Bitcoin to hit $50,000 by year-end, says BitMex CEO (158 points, 92 comments)
    3. Lightning + NFC? The New Plan to Bring Bitcoin to Retail (152 points, 45 comments)
    4. Vaultoro Becomes The First Exchange To Implement Bitcoin Lightning Network Payments (116 points, 6 comments)
    5. How to build your own portable plug-in Lightning node! (95 points, 5 comments)
    6. Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO (44 points, 6 comments)
  51. 1581 points, 1 submission: CoolStoryBroLol
    1. Bitcoin accepted at my dentist's office (1581 points, 210 comments)
  52. 1524 points, 1 submission: paintedfrog
    1. Found a helpful infographic. Could be handy to respond with this when people forget what Bitcoin is called... (1524 points, 294 comments)
  53. 1504 points, 1 submission: NikolaosKost
    1. Lawsuit from over 600 Bitcoin Users against Bitcoin.com and CEO Roger Ver (1504 points, 338 comments)
  54. 1497 points, 1 submission: 3hrdrive
    1. In Australia there is currently an investigation into banks and their practices, and the results are frightening (1497 points, 124 comments)
  55. 1423 points, 4 submissions: chek2fire
    1. Everyone must report this Bitcoin mobile wallet asap.Is a fraud (554 points, 174 comments)
    2. Roger Ver and Bitcoin.com do a social attacks to Bitcoin (506 points, 313 comments)
    3. Blockchain.info. 8 months and still no segwit support. They are more lazy than sub-saharan public sector (288 points, 58 comments)
    4. They said: "Segwit is not a scaling solution".... (75 points, 59 comments)
  56. 1420 points, 10 submissions: DesignerAccount
    1. Witness the future: Paying for coffee with LN in real life - Brisbane Airport (377 points, 144 comments)
    2. Bitcoin transaction fees in sat/b have not been so low since 2011!!! (173 points, 65 comments)
    3. PSA: Stop spelling the Bitcoin fraudulent site correctly - It only helps them as search engines pick it up. Use: bitcoin,com | bitcoin .com | bitcoin (.) com | bitcoindotcom | ... (153 points, 52 comments)
    4. "The bitlicense is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth." --- Kraken CEO: Exchange Won't Answer New York AG's Inquiry (141 points, 11 comments)
    5. Ready for work. (140 points, 69 comments)
    6. World Debt Hits Record $164 Trillion <-- That's WHY bitcoin. (133 points, 121 comments)
    7. Goldman Hires Head Cryptocurrency Trader (99 points, 4 comments)
    8. Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts (71 points, 3 comments)
    9. Hilarious: Lighting TESTNET app renamed Bitcoin Cash TESTNET!! (68 points, 23 comments)
    10. UNICEF Is Mining Crypto to Raise Funds for Children (65 points, 6 comments)
  57. 1381 points, 1 submission: girlpearl
    1. At the Gramatik show last night in Boston (1381 points, 63 comments)
  58. 1358 points, 3 submissions: zappadoing
    1. someone put a BTC-symbol on to the swiss federal bank! (1212 points, 84 comments)
    2. Bitcoin boosted as IMF boss Christine Lagarde praises cryptocurrency and suggests it could transform the way people save and invest (101 points, 8 comments)
    3. The Zurich bakery where you can't pay with cash (but bitcoins are fine) (45 points, 9 comments)
  59. 1337 points, 8 submissions: frankreddit5
    1. My daughter just informed me that someone told her "#Bitcoin is a worthless scheme" & that the US dollar has, quote, "one 'brick' of gold in a vault for every dollar there is."..There's so many things wrong with both of these statements that all I can do is sit here and facepalm (582 points, 184 comments)
    2. Here's my Bitcoin Starry Night art on Canvas! (250 points, 26 comments)
    3. I think it turned out sick! (whitepaper on metal) (122 points, 22 comments)
    4. It's funny to me when people say that #Bitcoin is a ponzi scheme or a bubble. The real ponzi scheme is the money system created by the Federal Reserve. And that's the real bubble, too. It's time for monetary reform; it's time for people to take back what is theirs. #BuyBitcoin (118 points, 39 comments)
    5. Argentina raises interest rates to 40% (80 points, 52 comments)
    6. my Satoshi Whitepaper art on 3/4" thick birch wood, treated with a high-gloss coating. (73 points, 16 comments)
    7. my Bitcoin Phoenix artwork (on metal) (70 points, 12 comments)
    8. my Bitcoin Astronaut art presented on a metal panel. It looks almost like an LCD TV in person! Image in comments. (42 points, 9 comments)
  60. 1200 points, 4 submissions: hodlerenfin
    1. Starting tomorrow Monday April 23, 2018 I will ask everywhere I spend my fiat, if they take Bitcoin even if I know they don’t. (609 points, 234 comments)
    2. Sad day today will be the last day we’ll see bitcoin below 9k.🙃 (275 points, 170 comments)
    3. Charlie Shrem on Twitter (162 points, 56 comments)
    4. I think at least everyday, wherever we spend fiat we should ask if they take Bitcoin. Even if we know they don’t. (154 points, 60 comments)
  61. 1196 points, 5 submissions: LegendsRoom
    1. Bitcoin dethroning Gold as a store of value. (349 points, 116 comments)
    2. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 121 comments)
    3. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 130 comments)
    4. Banking panic and chaos in UK, as customers locked out of accounts for 5 days running.. (155 points, 44 comments)
    5. UK Bank crippled, as customers panic, accounts emptied. (118 points, 41 comments)

Top Commenters

  1. TheBoyChris (2416 points, 4 comments)
  2. HODLTID (1954 points, 6 comments)
  3. Marcion_Sinope (1679 points, 303 comments)
  4. CONTROLurKEYS (1626 points, 204 comments)
  5. SuperGoxxer (1542 points, 284 comments)
  6. gonzobon (1428 points, 41 comments)
  7. technicallycorrect2 (1322 points, 29 comments)
  8. gbitg (1314 points, 4 comments)
  9. Bipolar_Chihuahua (1279 points, 3 comments)
  10. conv3rsion (1275 points, 1 comment)
  11. GolferRama (1167 points, 164 comments)
  12. HeyZeusChrist (1098 points, 51 comments)
  13. BCashBCashBTrash (1094 points, 381 comments)
  14. WhyDontYouTryIt (1019 points, 401 comments)
  15. jagan1355 (1016 points, 7 comments)
  16. HelloImRich (973 points, 50 comments)
  17. TheGreatMuffin (955 points, 141 comments)
  18. LegendsRoom (906 points, 59 comments)
  19. Kalin101 (859 points, 59 comments)
  20. Hanspanzer (845 points, 317 comments)
  21. TipToeTiger (797 points, 57 comments)
  22. themonkier (782 points, 16 comments)
  23. ducksauce88 (779 points, 179 comments)
  24. EMC2_trooper (762 points, 23 comments)
  25. Cryptolution (756 points, 223 comments)
  26. Timeforadrinkorthree (751 points, 3 comments)
  27. tranceology3 (750 points, 132 comments)
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Top Submissions

  1. Whoever put this up deserves a medal by jrs0080 (22960 points, 320 comments)
  2. What a time to be alive! by ltc- (14748 points, 470 comments)
  3. Value is always in the eyes of the beholder by bitchari (10970 points, 554 comments)
  4. This is NOT OK. Upvote for visibility by InteractiveLedger (10913 points, 1557 comments)
  5. Farewell from the Pineapple Fund by PineappleFund (10876 points, 611 comments)
  6. I see it every day. by EMC2_trooper (10387 points, 296 comments)
  7. You knew this was coming... one of my faves last year by normcrypto (9081 points, 128 comments)
  8. exceedingly efficient by StoneHammers (7945 points, 207 comments)
  9. Sir this seat is reserved for people with disabilities... by joe4c (7663 points, 526 comments)
  10. It’s over 9000!!!!!! by Dark_Dantex (6865 points, 429 comments)

Top Comments

  1. 2313 points: TheBoyChris's comment in This is NOT OK. Upvote for visibility
  2. 1951 points: HODLTID's comment in Whoever put this up deserves a medal
  3. 1309 points: gbitg's comment in Value is always in the eyes of the beholder
  4. 1275 points: conv3rsion's comment in Farewell from the Pineapple Fund
  5. 1220 points: technicallycorrect2's comment in Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement
  6. 1219 points: Bipolar_Chihuahua's comment in This is NOT OK. Upvote for visibility
  7. 1014 points: gonzobon's comment in exceedingly efficient
  8. 987 points: jagan1355's comment in This is NOT OK. Upvote for visibility
  9. 740 points: MuD_D's comment in The answer on Jeopardy today!
  10. 715 points: fenstabeemie's comment in Truth about Bitcoin mining
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A Review of Robo-Advisors (Vanguard, Betterment, etc.) [WARNING: LONG POST]

In response to the question: What is the best robo-advisor?
To dissect this topic, I want to break it down by a custom FinTech Pyramid that I created to answer this question.
As you can see with my infographic, I separate assets and liabilities among five groups:
I will base my analysis on each group, as I believe it is easiest to declare winners in each, based on the needs of the end users, and thus how robos have segmented the market.
Introduction
A firm that targets everybody, really targets nobody.
This question is very much like asking, what is the best fast food restaurant, or what is the best car? Do you want mexican or pizza? Fast casual or sit down? An economy car or luxury? Electric car or gas guzzler?
If you want to think about it like the ETF market, are you looking for an index fund or something more specialized - a Vanguard Group or a Wisdomtree? You can’t pick a “best” ETF because they are targeting different markets.
FinTech Pyramid — Savers
This segment I define as being very tied to their new financial independence. They are entering college or the workforce and have established their own bank accounts, debit cards, and are starting to pay their own bills. Any robo solution needs to address these needs.
The main players here would be Acorns (Brokerage), Digit, Stash.
Acorns (Brokerage) really was the innovator in this customer segment. For years, it was derided to offer investment focused products to college students. This has since changed that Snapchat (product) and others have announced their intention to get more involved in fintech. But, the thought of offering an investment product to those with only $100 or maybe even less to invest was very disruptive.
What Acorns did was take a page from the old Bank of America (company) ‘Keep the Change Program’ and combine it with the robo principles that were created by Betterment (product/company).
Instead of investing in a near 0% interest rate Savings Account, Acorns decided to engineer it as an investment account in the stock market instead.
It has paid off, as of the time of this writing, Acorns has 472,000 accounts!
The negative - they charge $1 per month on balances below $5,000. Given their average account size I calculate to be around $155, that means the average person is paying 7.7% per year in fees.
But, I am a strong believer in consumer driven economics, customers love this app and don’t seem to care about the high fees. If interest rates go up, I believe this customer segment can move towards something like Digit, but at 0% that is hard to do.
Winner: Acorns
FinTech Pyramid — Experimenters
This market I define as being UI UX focused. They are first time investors in the market, thus the experience needs to be fast, seamless, and educational. Robinhood (Brokerage) has done a brilliant job targeting this audience. According to a Fortune report, their average customer age is 26. They make it very simple, clean, and FREE to buy your first stocks.
Likewise, I have always been impressed with the clean UI/UX of Betterment (product/company) and how many little bells and whistles they have to make their app simple for a complimentary wealth audience. There is a reason why they have attracted over 100,000 clients. It is very easy to use for first time investors.
Acorns also has a very nice interface that wins a lot of awards for their UI/UX. You could argue they have a good product for the Savers and Experimenters.
But Betterment has a much more robust technology platform that cuts across web and mobile, while Acorns is strictly mobile and it it focused more on savings (through the round up the change feature). Betterment also has been in the market longer managing money, and has a large Data Science department that puts out many interesting studies. For these reasons, I believe they are the clear winner in this segment.
Winner: Betterment (product/company)
FinTech Pyramid — Career Makers
For those in Generation X and Millennial Generation that are just getting their careers on track, the biggest thing they are looking for is investing robustness and features. They are 20–30 years away from being able to reach a Private Bank like Goldman Sachs Private Wealth Management, and they may only have $50,000 saved up, not nearly enough to access a private bank. According to Barron’s, the median minimum investment on these private banking platforms is $3 Million.
Some of the biggest things here that are wanted would be access, investing sophistication, and breadth of platform. On the liabilities sign they are most likely starting to re-finance their student debt and using more high end crdit cards like American Express (company). They are also driven by things like rewards and new experiences.
Career makers want to go into work and tell their friends that they just invested in the next Uber (company). This comes down to what I define as “access.” Below, we show the current portfolio makeup of a Hedgeable portfolio.
This includes our own Venture Capital fund that has a $1 minimum investment, integration with Coinbase for bitcoin and soon Ethereum (virtual currency) and more products in the pipeline lie P2P Lending investments, private real estate, and green energy. Hedgeable also allows clients to change the entire makeup of their portfolio to be Impact Investing focused, or called SRI in the industry -
Career makers also want to make sure their growing sums are at least attempted to be protected from big collapses like the 2008 Financial Crisis. Remember, this demographic was in the Experimenters segment during the crisis, and they were deeply hurt by the aftermath. This comes down to what I define as “investing sophistication.”
Below, I show GIPS compliant client composite performance of Hedgeable clients from Jan 1 - Feb 11 of 2016, versus a passive “Robo Index” that we have developed.
What is Hedgeable's investment philosophy?
A third decision point here would be what I call the “breadth of platform.” Are you a small business owner? Do you want to open an account for kids? The “best” robo-advisor might not even be able to take your money because of limited account types! So this could be a very important determining factor for career makers.
Wealthfront currently supports taxable investment accounts including individual, joint and trust accounts. We also support Traditional IRAs, Roth IRAs, SEP IRAs, and Rollover IRAs.
Betterment is harder to pin down, because they separate all of the account types into separate FAQ questions based on goals, but it seems like they offer about the same number as Wealthfront, with one or two exceptions.
Hedgeable offers the most account types. In addition to all those listed above, Hedgeable has 27 account types, including 4 different joint accounts and popular small business account types like SIMPLE IRAs and Solo 401ks.
Because of these three dynamics, I believe Hedgeable is the winner for Career Makers.
Winner: Hedgeable
FinTech Pyramid — Accumulators
This segment has reached the pinnacle of their careers, and their earnings start to level off. They have “access” due to their typically larger account balances than those lower on the pyramid.
They have accumulated many accounts across savings, checking, mortgage, investments. They are looking for the most robust app to keep track of these finances.
The average American in this demographic spreads investment accounts across 3 or more firms. They also have 4 or more credit cards, 2 or more kids ready to go off to college, at least 1 mortgage, 2 or more insurance premiums and health accounts, and much more. PLUS, I call them accumulators, because the numbers get larger as they reach their 60s and 70s.
This leads many to need a very robust suite of Personal Financial Management (PFM) apps to look at these accounts.
Personal Capital has done a very good job of targeting this demographic. As of the time of this writing, they have over 1 Million downloads of their PFM apps, which like Mint.com (product) was originally, are built on top of the Yodlee (company) aggregation software. Other platforms have PFM, but Personal Capital is by far the most robust.
Personal Capital allows you to hire one of their advisors if you want to talk to someone about your accounts and build an investment plan.
I like to think about Personal Capital as the only true player in the market that is disruptive to the advisory industry. Whereas firms like Acorns, Betterment, Hedgeable, Wealthfront are targeting clients that have traditionally been shut out of the advisory space - they do not meet the minimums - Personal Capital is directly competing with them with a similar business model.
The average balance of a Personal Capital client is about $125,000 according to my calculations based on SEC data. An advisor at Merrill Lynch or Wells Fargo (company) is about the same. Instead of building their own PFM apps, these advisors will use tools like eMoney Advisor for account aggregation or a TAMP platform such as Envestnet (company).
Thus, if you are in the accumulator phase, Personal Capital is a good choice as a digital solution vs. a traditional advisor.
Winner: Personal Capital
FinTech Pyramid — Preservers
This customer segment is going to be more income based, they are typically already in retirement, and are looking for products like annuities and health insurance. They also will tend to be more tied to the traditional brands like Charles Schwab, Merrill Lynch, Vanguard Group, etc, because they came of age with many of them.
This is why Schwab Intelligent Portfolios and Vanguard Personal Advisor Services will most likely be strong choices for this group. Not necessarily for the actual product offered (as of the time of this writing I do not believe either offers true retirement & insurance), but because branding and trust matters with this demographic.
Remember, Schwab was founded in 1971, and Vanguard in 1975. They were the fintech disruptors of their day. From the time the Preservers have been in their 20s and 30s - like the Gen X / Gen Y generation of today - they have grown with these brands.
The brands Baby Boomers know from the 70’s remain attractive today.
This will explain why Schwab has been able to move over about $5 Billion from this demographic, while Vanguard has been able to move over about $30 Billion, since they launched their digital solutions. According to reports, 75% -80% of Schwab’s Intelligent Portfolio AUM has come from existing clients. Their average client is over 55 years old, so this proves my hypothesis. They struggle to attract new young clients, but are very solid choices for their current Baby Boomer client base.
Tie: Charles Schwab and Vanguard Group
Pareto Principle - Other Segments
I am also a strong believer in the 80/20 rule. My pyramid probably only encompasses about 80% of the market.
For the 20% of the equation there are specialized situations that drive human behavior in consumer finance and in particular in wealth management.
—-
Bargain Hunters
We see this “coupon” or “bargain” mentality occur a lot in the ETF space, some investors will solely look at low-cost options, and compare expense ratios of Vanguard, SsgA, Blackrock iShares, etc.
Here the competitors would be Wisebanyan and Schwab Intelligent Portfolios.
Both are no management fee, but Wisebanyan is truly no fee, Schwab is not really free when you look under the hood, as we did here -
Why does Schwab Intelligent Portfolios hold so much cash?
What is a good Schwab Intelligent Portfolios review?
In fact, we estimate that with increasing interest rates, Schwab could be making over 2% on some accounts!
WiseBanyan has done a nice job on their app design, and they have high ratings among customers in the iOS App Store.
Because of the many conflicts of interest within the Intelligent Portfolios product, I believe Wisebanyan will be the clear choice among those looking at a simple solution at no cost.
Winner: WiseBanyan
—-
Tax Efficiency Hunters
If you have a large amount of unrealized capital gains in a taxable account or are concerned with cutting down on a potentially large tax bill on an account transfer or ongoing trading, then this sub-category is for you.
Although most people will typically compare Wealthfront and Betterment (product/company) head on, I think of Wealthfront more as a tax manager and Betterment (product/company) as a UI/UX focused personal finance app.
Tax managed investing is a very lucrative industry. For example, Parametric is a leading institutional asset manager that focuses on tax optimization, and they have over $160 Billion in AUM!
When Wealthfront pivoted from Kaching (and then their original Wealthfront business model of a marketplace for actively managed portfolios) they smartly created new awareness in the industry for Tax Loss Harvesting. This technique has been used for decades by advisors, but was never optimized for the scale that Wealthfront operated on. They obviously hit a nerve in the market, especially from high earning Silicon Valley workers, because since they brought this to the forefront in their marketing, it has become “table stakes”. Every robo is expected to offer it, and Wealthfront can be credited with this.
Below, is what Wealthfront claims is the returns from their TLH strategy (until August 2014).
Wealthfront also does tax-efficient transfers of securities. Again, if a client has a large amount of realized gains in a taxable portfolio it becomes difficult to sell them. If you go to Wealthfront, they claim to sell them in a tax efficient manner, waiting for some legacy securities to become long-term gains, etc.
Introducing Tax-Minimized Brokerage Account Transfers » Wealthfront Knowledge Center
For these reasons, I would say Wealthfront is the leader in this niche part of the market so far.
Winner: Wealthfront
—-
Service Hunters
This niche will cut across demographic lines. Some consumer finance shoppers are most interested in the breadth of customer service.
Personal Capital and Vanguard Group approach to support is to provide a human advisor that you can chat with. So, if your only concern would be that you want to talk to someone about your account via a video portal then these would be good choices. Below, I show the video portal from Vanguard PAS -
Some people (like myself, who has never walked into a bank branch and hates talking on the phone) are looking for a more digital/tech look and feel. On the more digital side I believe Hedgeable has the most robust service, which is 7 day text messaging, live chat, support ticketing, phone, CIO office hours, digital consultations, email, and soon chatbots.
Betterment (product/company) would be a close second, they also offer 7 day chat and phone service and they get good reviews from customers on service. Although, I am writing this in the afternoon on a weekend and Betterment’s chat is offline (see below), even though the chat hours say it should’t be -
Some platforms just aren’t selling service and that is fine - sometimes people just want to go to an automat (remember those?!) versus a sit down restaurant. For example, Wealthfront doesn’t even offer a live chat feature, but that is purposeful (I assume), since they are trying to build more of a TurboTax (product) low service model.
I cannot pick a best of this sub-category, because it really depends on what kind of support is important to you - an advisor via video chat or a fully digital experience.
Winner: Depends on service type wanted
Conclusion Part I
The wealth management market is very complex, there is never going to be a one size fits all solution for everyone. Therefore I suggest the following two steps -
Determine where you stand on the FinTech Pyramid Below I created a graphic based on the levels of the pyramid and my selections in each:
Once you have determined where you fit in the pyramid (there will be some overlap in age, thus I took off the ages in some of the levels), it will help to narrow down the “best” selection for you and your circumstances.
Determine if the 20% rule applies to you If so, the pyramid isn’t going to be applicable, and you can look across the spectrum for a solution. This accounts for why about 80%-85% of most robos’ demographics fall within the same age range, but 15%-20% do not. There are many more categories, but I focused on just three in my analysis.
Conclusion Part II
A shopper that is best suited for a Hyundai (car company) is probably not going to be hanging out at the Tesla Motors (company) dealership and someone in a hurry on game day is probably not going to trade in their Papa John's Pizza order for an hour adventure at Outback Steakhouse.
Many of the answers here will point out a clear winner, but that is because they fall in a certain part of this pyramid, and they are looking myopically at the market from their own eyes. Thus, they are not even mentioning some key players in the space, that aren’t targeting their demographic. There is no way a firm can be best for everyone, and I don’t believe anyone tries to be. This is a common miss-conception in Financial Technology.
Just look at the infographic I made below. This shows data from a Citi survey, on the expected rise of robo assets over the next 10 years. Much like the ETF market, this space will be fragmented, with “best” in class equivalents of Vanguard, SSgA, WisdomTree, GlobalX, etc. Or if you want to look at it like the trading market, an options trader certainly wouldn’t think Robinhood (Brokerage) is “best” because they don’t even offer that service, even though millions of 20 somethings might love it!
There is nothing wrong with any of the players in the market, it depends on what is important to you at a particular stage in life. Happy investing!
Disclaimer: This is not a solicitation to buy or sell securities or an offer of personal financial advice or legal advice. Past performance is not indicative of future performance. It is suggested you seek out the help of a financial professional before making any investing or personal financial management decision.
submitted by IAmNotWizwazzle to stocks [link] [comments]

Goldman Sachs Crypto Report Is Positive For Bitcoin Goldman Sachs Open to BITCOIN - YouTube Goldmann Sachs CEO is Open to Bitcoin - YouTube Goldman Sachs Investment Bank To Program Trade Bitcoin And Cryptocurrency Futures And Options Goldman Sachs: Bullish on Bitcoin  Crypto Markets

🎡 World Crypto Con in Las Vegas: https://bit.ly/2Q1JG0U ️ Join the BitSquad on Telegram: https://bit.ly/2PG8knO We have started our $150 BTC/BitBoy Merch Giveaway! To enter, become a subscriber to our channel and then like & comment on each video between September 1st (Excluding Sept 1 Livestream) & September 30th. For each video you comment on, […] Asking the current 1 mb blocksize version of Bitcoin to be a currency is like Goldman Sachs writing a report saying they want to run their website on Intel 486 processors. They mention Zimbabwe moving to it as an alternative. The average Bitcoin fee is now $40 and the average weekly salary there is around $60. It is ludicrous to even think about asking someone to spend almost a week's wage for ... Goldman Sachs has reportedly agreed to settle with the U.S. government over its role in a corrupt Malaysian government investment fund, which is one of the firm's worst scandals since the ... Goldman Sachs has set its price target for Zynga stock at $11.60. The posted consensus price objective is $10.41, and the shares changed hands around $9.50 apiece for much of last week. Bitcoin is down 2% at $9,455 Ethereum is down 2% at $236 and XRP is down 1.5% at 19 cents. Top gainers in the last 24 hours: Monero Classic up 19% and Aave up 15%. The US Department of defense has run war game scenarios based on Gen Z using bitcoin to undermine and evade the establishment. Gemini has hired former singapore based Goldman Exec ...

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Goldman Sachs Crypto Report Is Positive For Bitcoin

Bitcoin Technical Analysis & Bitcoin News Today: Goldman Sachs says "Buy Bitcoin". The Bitcoin ETF was delayed again. Also, I'll use technical analysis on the Bitcoin price to make a Bitcoin price ... Bitcoin is the currency of the future. No Banks taking a cut. Educate yourselves and don't let the banks deceive you. My recommended exchange is CoinBase - R... 2020 Goldman Sachs TMT in San Francisco @ the Palace Hotel Feb 14th, Bitcoin and Blockchain Panel, Michael Carrier of Forge, Rod Hall of Goldman Sachs, Spencer Bogart of Blockchain Capital ... Goldmann Sachs Chairman and CEO - Lioyd Blankfein - said that he is not against Bitcoin and he is Open to it. Please subscribe to our Channel https://www.you... Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 -----...

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