Equity Funding Blockchain / Crypto News https://fundwisdom.com/ en How Crypto-Positive Legislation Could Change the Way Investors Make Decisions https://fundwisdom.com/article/brian-thopsey/how-crypto-positive-legislation-could-change-way-investors-make-decisions <span property="schema:name">How Crypto-Positive Legislation Could Change the Way Investors Make Decisions</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><div style="width:420px;float:right;"><img alt="Capital" data-entity-type="file" data-entity-uuid="c85632ff-111d-4441-91c0-67e5543d1101" src="/sites/fundwisdom.com/files/inline-images/pexels-pixabay-62318.jpg" style="width:400px;margin:10px;" class="autofloat-odd " /><br /> Photo by <a href="https://www.pexels.com/@pixabay?utm_content=attributionCopyText&amp;utm_medium=referral&amp;utm_source=pexels">Pixabay</a></div> <p>I would argue cryptocurrency has reached the point of becoming mainstream. As the uses and impacts to daily life continue to grow, regulators are finally catching up, and more crypto-positive legislation is helping to change the way retail and institutional investors view cryptocurrency.</p> <p>Despite outliers such as India, most governments are accepting that cryptocurrency is here to stay and have been doing the work to build legislation accordingly. This framework is helping to provide investor confidence with many beginning to approach cryptocurrency differently. However, the <a href="https://commodity.com/cryptocurrency/">crypto ecosystem</a> is growing rapidly and there are concerns that it is outstripping governments' abilities to understand it and to approach regulation in a just way.</p> <h2>Is Crypto a Currency, Security, or a Commodity?</h2> <p>In the US, one of the big questions surrounding cryptocurrency is its status. Legislators have differing views on how exactly cryptocurrency should be treated. The importance of this, is that it affects the outcome of the investment as the application applies to tax implications.</p> <p>The main argument for the moment rests on whether they are securities or commodities. The challenge for regulators is that cryptocurrencies are highly diverse, and this means one-size-fits-all legislation is unlikely to be effective.</p> <h3>Bitcoin and Ether vs. XRP</h3> <p>Take the Securities and Exchange Commision (SEC), for example. While they have stated that they do not view Bitcoin (BTC) or Ethereum (ETH) as a security, they have recently begun a <a href="https://www.sec.gov/news/press-release/2020-338">high-profile investigation into Ripple (XRP)</a>.</p> <p>The SEC contends that XRP is an unregistered security.</p> <ul> <li> <p>The SEC views XRP differently than Bitcoin and Ether because the latter two digital assets are not produced or controlled by a single individual or entity.</p> </li> <li> <p>By contrast, the SEC contends that Ripple Labs, Inc., a private company, “<a href="https://www.sec.gov/litigation/complaints/2020/comp-pr2020-338.pdf">initiated a large scale distribution</a>” of over 14 billion units of XRP.</p> </li> </ul> <h3>Futures Trading</h3> <p>Bitcoin and Ether have benefited from the SEC not viewing them as securities. For example, the Commodity Futures Trading Commission (CFTC) has decided that Ether, the token for Ethereum, should be <a href="https://finance.yahoo.com/news/cftc-says-cryptocurrency-ether-is-a-commodity-and-is-open-to-ether-derivatives-133455545.html">considered a commodity</a>. The CFTC has made a similar claim on jurisdiction over Bitcoin.</p> <p>Now both <a href="https://www.cmegroup.com/trading/ether-futures.html">Ether futures</a> and <a href="https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html">Bitcoin futures</a> are traded as cash-settled derivatives on the Chicago Mercantile Exchange (CME), which is regulated by the CFTC. Investors also have a choice of trading options on these futures.</p> <p>The opportunity to trade cash-settled crypto futures on a platform regulated by the CFTC is attracting institutional investors, like billionaire Paul Tudor Jones. In 2020 Jones stated he was allocating 1%-2% of his fund to Bitcoin futures traded on the CME.</p> <h2>Why Does the Legal Status of Crypto Matter?</h2> <p>The legal classification of cryptocurrency is important because it will influence adoption and use, including among institutional investors. For example, if a cryptocurrency is considered a security, as Ripple is, this means it must comply with strict SEC regulations designed to protect investors. On the other hand, if a cryptocurrency is considered a commodity then it is an asset to be traded. This gives it a lot more freedom in regulatory terms and opens the door for futures markets, which can add more trading options.</p> <p>The final reason that status matters is stability. As the cryptocurrency markets make inroads in being approved by regulators, they continue to attract increasing interest from <a href="https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/institutional-investors-digital-asset-survey.pdf">institutional investors</a>, particularly in Europe. For example, Microstrategy was able to grow its stock price from just $125 at the beginning of 2020, to <a href="https://financial-news-now.com/why-bitcoin-btc-is-becoming-an-institutional-investors-game-and-how-you-can-benefit/">more than $1,000</a> in February 2021 via Bitcoin investments. They have since been followed by bigger names, including that of Tesla’s Elon Musk.</p> <h2>Regulations Vary Widely, By Country</h2> <p>While the US appears to be embracing cryptocurrency, other nations are less positive. India has taken a hard stance against cryptocurrency. Its Government has made another attempt to ban cryptocurrency outright, citing money laundering concerns. The move is <a href="https://www.forbesindia.com/article/take-one-big-story-of-the-day/dont-ban-bitcoin-its-good-for-the-economy/66335/1">deeply unpopular</a> and threatens to damage India’s small yet thriving crypto industry.</p> <p>Other countries, including China and Nigeria, have made attempts to curtail crypto trading. But Their efforts haven't worked well. P2P exchanges simply send the crypto trade underground, and governments lose access to capital they could have otherwise taxed.</p> <p>Another area of contention is the downstream crypto derivatives market that targets retail consumers. This market includes instruments like contracts-for-difference (CFDs) that reflect the movement of crypto prices. While this type of trading is popular, the UK’s Financial Conduct Authority (FCA) recently banned <a href="https://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers">the sale</a> of such derivatives citing among their concerns the difficulty that retail consumers may have in understanding the crypto markets and the potential for significant financial losses.</p> <h2>Legislation May Become Irrelevant Anyway</h2> <p>Decentralized cryptocurrencies, particularly the recent slew of DeFi apps, appear to be thriving regardless of the prevailing attitude to cryptocurrency. They are not held to the same Know Your Customer (KYC) standards as centralized exchanges and this significantly lowers the barrier to entry.</p> <p>For example, many people in Africa and South America have turned to cryptocurrency. In fact, Africa is one of the few places where cryptocurrency is actively <a href="https://www.dw.com/en/africas-quiet-cryptocurrency-revolution/a-55199637">used as a currency</a>.</p> <p>These developments represent a significant change from how cryptocurrency has operated in the past. Rather than a series of speculative assets, or small idealistic projects, a crypto community separate from government legislation is beginning to be built. This could pose an opportunity for significant growth, but it may also render government legislation impotent in the process.</p> <p>We suggest you work with a legal professional. We have <a href="/investors/services/top-legal-tax-equity-crowdfunding">identified a few that specialize in this budding industry</a>, but feel free to suggest others you have had positive experiences with in the comments below.</p> <p>This article was written in collaboration with the team at Commodities.com.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2021-02-25T00:15:05+00:00">Wed, 02/24/2021 - 19:15</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Thu, 25 Feb 2021 00:15:05 +0000 Brian Thopsey 26573 at https://fundwisdom.com Find New Blockchain or Cryptocurrency Investments https://fundwisdom.com/article/brian-thopsey/find-new-blockchain-or-cryptocurrency-investments <span property="schema:name">Find New Blockchain or Cryptocurrency Investments</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><div style="float:right;margin:10px;width:430px;"><img alt="Blockchain Technology" data-entity-type="file" data-entity-uuid="900ec137-1a91-41cb-9ee1-14889f5aacae" src="/sites/fundwisdom.com/files/inline-images/pexels-aleksandar-pasaric-2603464.jpg" style="width:400px;margin:10px;" class="autofloat-odd " />Thanks to Photo by <a href="https://www.pexels.com/@apasaric?utm_content=attributionCopyText&amp;utm_medium=referral&amp;utm_source=pexels">Aleksandar Pasaric </a></div> <p>Interested in finding new cryptocurrency offerings before the masses have invested? At Fund Wisdom we focus on innovative <a href="/investors/companies">investment offerings</a> and <a href="/investors/platforms">portals</a> that help with the sourcing process. We have observed many initial coin offerings and secure token offerings with the number of cryptocurrencies continuing to grow. As the blockchain technology these currencies are built upon continue to be developed and pop up around the world, finding the right projects to focus on becomes more challenging. These financial innovations are having material impact on the US economy and globally. As interest grows in these offerings many investors look to get a piece of the action. Sure, buying Bitcoin on a platform like Coinbase or Circle is a start, but what about teams building newer blockchain technology? In this article we review new <a href="/article/brian-thopsey/top-funds-blockchain-technology-and-cryptocurrencies">blockchain offerings and funds </a>and how to access them.</p> <h2>Initial Coin Offerings</h2> <p>If you don't have an understanding of blockchain technology or cryptocurrency check out <a href="https://blockgeeks.com/guides/what-is-blockchain-technology/">BlockGeek</a>. The most common form of data stored on a blockchain are ledgers for transactions, as explained by Investopedia with their <a href="https://www.investopedia.com/terms/b/blockchain.asp">guide to Blockchain</a>. The  decentralized approach ensures that no single person has control, distributing it amongst the participants and creating a unique approach to ownership.</p> <p>An initial coin offering (ICO) is a path for a group of people, or company, to gain funding. There are some similarities to an initial public offering for large corporations. According to Harvard Business Review ‘blockchain startups <a href="https://hbr.org/2018/11/the-hidden-costs-of-initial-coin-offerings">raised over $5 billion in 2017 through ICOs</a> and over $12 billion through the first three quarters of 2018. Several itererations of this fundraising process have been built out, from Secure Token Offerings (STO) and Initial Exchange Offering (IEO). IEOs are<a href="https://cryptoadventure.org/latest-trends-of-funding-cryptocurrency-and-blockchain-projects/"> very similar to an ICO in almost every way</a>, the major difference being investors who can participate in the sale are limited to users on the associated exchange.</p> <h2>New Cryptocurrency or Startup Equity?</h2> <p>When it comes to your investment strategy and which route to opt for, an analysis of your risk appetite, the market conditions and how long you intend to hold onto your investments for, should all be taken into account with a registered investment advisor. Finding a growth company at a low market price with strong long term potential can be viewed in a similar fashion to identifying an undervalued coin with long term potential, each with the ability to bring a healthy return on investment.</p> <p>When comparing the two, it’s important to distinguish a few key differences. First up, volatility. Any crypto investor is aware of the sudden spikes and drops a cryptocurrency can experience within a matter of minutes. What’s more, in the stock market the SEC provides assurances to investors that they should have access to a fair bid and offer price across exchanges they regulate. That’s not the case for crypto, where investors have to hunt for the best bid themselves.</p> <p>Whether a company is raising money through coin offerings or equity, this capital can provide  strong network effects to enable first mover advantages. and generating publicity in order to gain some feedback on early stage products. These investments all come with inherent risk, not due to poor execution but simply the fact that startup failure is a natural part of the economy. Cryptocurrencies offer liquidity makes it easy to buy and sell, something certain equities, particularly startup investing through venture capital might not be able to provide at all times.</p> <h2>The Figures</h2> <p>Seemingly more banks and institutions are backing cryptocurrencies, despite it’s notoriously volatile nature. A few key studies to point out found that <a href="https://www2.deloitte.com/content/dam/Deloitte/se/Documents/risk/DI_2019-global-blockchain-survey.pdf">74% of tech-savvy executive teams surveyed by Deloitte said they believe there’s huge business potential in blockchain technology</a>, suggesting the technology is gaining traction amongst key company authorities. What’s more, a study by Reuters stated that Blockchain could <a href="https://www.reuters.com/article/us-banks-blockchain-accenture-idUSKBN1511OU">help banks save up to $12 billion per year</a>. Not only this, but so called financial market experts like Bill Miller who served as chairman of Legg Capital Management spoke of crypto currencies in a positive light, claiming that the currency will only get stronger. Clearly, blockchain and cryptocurrency is going to become a large part of the global economy, it’s merely a matter of when.</p> <h2>Top Blockchain Funds</h2> <p>As of writing this, there are no Bitcoin mutual funds investors can place their money in. Although a number of securities offer investors exposure to cryptocurrency and blockchain technology. There are dozens of <a href="/article/brian-thopsey/top-funds-blockchain-technology-and-cryptocurrencies">Blockchain Funds and ETFs</a> available for investors. Many of the ETFs invest in publicly traded shares of companies that have involvement in blockchain technology.</p> <p>Tokenized Blockchain Funds are another example of funds investors can invest through for exposure to blockchain. This is a new type of investment vehicle requiring the investor to purchase a token, for example the C20 token, which provides a stake in the crypto20 tokenized index fund, a tracker for 20 digital assets.</p> <p>Crypto hedge funds are a rapidly emerging investment vehicle providing investors hands off exposure to blockchain. Although the minimum investment is often quite large, meaning typically only high net worth individuals have access to this form of investment opportunity. But, for the investor with a few spare bucks and the connections in a big crypto hedge fund, the ability to access the expertise of crypto portfolio managers can be very appealing.</p> <h2>Securing you Crypto</h2> <p>A method of increasing the security of the storage of your crypto is a hardware wallet. Similar in concept to a physical wallet for cash, several companies like produce these connected devices. There are many wallets on the market currently, here at Fundwisdom we opted for <a href="https://shop.ledger.com/pages/ledger-nano-x?r=10988c46bbfd" tabindex="-1">a Ledger</a> and <a href="/article/brian-thopsey/crypto-hardware-wallet-ledger-nano-x-review">wrote a review of our experience and relationship.</a> The process is simple, you buy the hardware set up the account, access your wallet and place your cryptocurrency in for safe keeping.</p> <h2>What is Next?</h2> <p>We hope to empower you to create your own portfolio or fund, conducting your own independent research. Share your thoughts on new crypto offerings and stories of leveraging hardware wallets below. </p> <p>This article is written in collaboration with <a href="/users/callum" tabindex="-1">Callum Lepley.</a></p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2021-02-18T01:10:33+00:00">Wed, 02/17/2021 - 20:10</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Thu, 18 Feb 2021 01:10:33 +0000 Brian Thopsey 26572 at https://fundwisdom.com Crypto Hardware Wallet - Ledger Nano X Review https://fundwisdom.com/article/brian-thopsey/crypto-hardware-wallet-ledger-nano-x-review <span property="schema:name">Crypto Hardware Wallet - Ledger Nano X Review</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><a href="https://shop.ledger.com/pages/ledger-nano-x?r=10988c46bbfd"><img alt="Ledger Nano X - The secure hardware wallet" src="https://www.ledgerwallet.com/images/promo/nano-s/ledger_nano-s_3-0-0x2-5-0.jpg" style="width:280px;float:right;margin:10px;" class="autofloat-odd " /></a>I’m not able to invest in many of the startup <a href="/investors/companies">offerings</a> we write about due to not being deemed worthy by the <a href="/article/brian-thopsey/non-accredited-investors-capitalize-access-private-equity">SEC based upon my income and net worth</a>. It's frustrating as I feel I know a decent amount about financial markets, the technology and strategies the companies employ but that is not what is assessed. So I have been spending more of my time researching cryptocurrency and the blockchain technologies they are built on. I do this as anyone can invest. As I invested time and money into new digital currency offerings I began learning of some of the challenges with this new market. I came across several horror stories of people getting hacked and losing everything from their wallet. So I began looking for a way to improve the safety around storing my digital tokens.</p> <p>After a ton of research I chose a crypto hardware wallet, the Ledger Nano X. I immediately signed up for their affiliate program at the same time as buying the device. Read more to see what is in the box, how to set it up, and some of the challenges I had to overcome to get going.</p> <h3>How do I keep my Cryptocurrency Secure</h3> <p><meta charset="utf-8" />Your US dollars, and many fiat currencies, have a well-established ecosystem to keep your money and wealth comfortable and secure. We have a (rather highly-regulated) banking system to store dollars and transfer them. We have federally-mandated programs like FDIC to insure your bank deposits. And we have technologically sophisticated private sector companies like Visa, Mastercard, and PayPal to facilitate payments with our dollars while countering fraud.</p> <p><meta charset="utf-8" />But this ecosystem has taken nearly a hundred years to achieve, and we find ourselves taking for granted the level of consumer protection we have reached.  The ecosystem is still not perfect, and with innovations in cryptocurrencies come challenges with security.</p> <p dir="ltr" id="docs-internal-guid-bab51e10-7fff-8533-b59c-042db2e2e816">Cryptocurrencies present safe storage challenges  in the form of identity theft and pilfered assets. Some individuals have shared their experiences with these challenges, like <a href="https://twitter.com/AmberBaldet/status/1060714102685863936">Mike Dudas, Ryan Selkis problems with hacks to identity via phone porting</a>. The ecosystem is still being developed, and risks are prevalent. As of 2019, <a href="https://discover.ledger.com/hackstimeline/">over one and half billion dollars worth of cryptocurrency have been hacked</a>. The Ledger Co., a leading manufacturer of cryptocurrency wallets, maintains a striking visual timeline of the major crypto-currency exchange hacks on its website. The escalation of attacks, and their increasing audacity, is all too clear.</p> <p><meta charset="utf-8" />Hacks, fraud, and scams are part of every new cultural and technological revolution. But digital currencies have changed and will continue to change the way we use money. The appropriate response to this change is not to avoid innovation, but to learn how to leverage new developments to ensure your investments are secure.</p> <h3>Cryptocurrency Wallets</h3> <p dir="ltr" id="docs-internal-guid-81428664-7fff-227d-5417-a450c47fb1c7">Nobody, not even Jeff Bezos, likes to lose money. So when you have something of value, like Bitcoin or Ethereum, where do you put it to keep safe? Enter the cryptocurrency wallet. It’s a secure way to store your cryptocurrency assets. If you want to buy and hold cryptocurrency, or use it as a currency to buy and sell products, you need an online wallet account.</p> <p><img alt="Statista Crypto Wallet Usage" data-entity-type="file" data-entity-uuid="6e2960e2-074e-4a27-a3ab-b7db7d7165ee" src="/sites/fundwisdom.com/files/inline-images/wallets%20statista.jpg" style="width:580px;" class="autofloat-even " /></p> <p>Source: Statista, via PC Magazine: <a href="https://www.pcmag.com/roundup/363529/the-best-cryptocurrency-wallets">https://www.pcmag.com/roundup/363529/the-best-cryptocurrency-wallets</a></p> <p dir="ltr">Like Bitcoin, cryptocurrency is decentralized, as in it doesn’t rely on a bank as the central way to store the value. The entire network of bitcoin allows for storage of assets; there is no longer a need for a single institution to be there to protect and oversee it. The benefit is that this helps drive the price down by reducing overhead.</p> <p dir="ltr"><meta charset="utf-8" /></p> <p dir="ltr" id="docs-internal-guid-238118bf-7fff-386f-1b46-571c6d3c9585">There are concerns arising over the storage of your crypto assets in digital wallets. One cannot go to someone for liability to recover stolen assets like you can when you store your money at a bank, so hardware wallets were developed as a measure of added security.</p> <p dir="ltr">When I explain cryptocurrency and blockchain many try to equate it to their banking experience. While in banking you can log in to see the money in your account, your bank account really isn’t anything more than a list of assets which you can control with your password. Cryptocurrency wallets are similar in that your private key unlocks the right for you to buy, sell, or spend your currency.</p> <p dir="ltr">Unlike traditional online banking, however, every transaction made is stored on the blockchain. For your online US dollar checking account, you need to protect your password and your phone.what you need to protect is your password and your phone. For your crypto wallet, you need to protect your password and the keys for your cryptocurrency account.</p> <h2>2019 Leading Wallets</h2> <p dir="ltr" id="docs-internal-guid-ed70a1cf-7fff-b1ac-3adf-e4f007c25455">As the cryptocurrency market has grown, so has the ecosystem around it. Today, there are a number of providers of digital wallets and manufactures of hardware wallets. Below I’ve collected some of the better reviews and commentaries that survey your options:</p> <ul> <li><meta charset="utf-8" />Ledger <a href="/%20https%3A//ripplecoinnews.com/top-5-best-cryptocurrency-wallets">rated #1 by Ripplecoinnews</a> (June 2019)</li> <li><a href="https://www.pcmag.com/roundup/363529/the-best-cryptocurrency-wallets">Oliver Rist of PC Mag rates software based wallets</a> placing Coinbase on their list (September 2019)</li> <li><a href="https://coindiligent.com/best-cryptocurrency-wallets"><span class="author vcard" itemprop="author" itemscope="itemscope" itemtype="http://schema.org/Person"><span class="author-name" itemprop="name">Pascal Thellmann</span></span> of Coindiligent rates Ledger #1</a> (August 2019)</li> <li><a href="https://www.buybitcoinworldwide.com/wallets/"><span class="author-name">Jordan Tuwiner</span> of Buybitcoinworldwide writes a very elaborate piece on wallets</a>,  covering Ledger (June 2019)</li> <li><a href="https://www.thebalance.com/best-bitcoin-wallets-4160642">Eric Rosenberg of theBalance ranks Coinbase #1</a> with the only mention of a hardware wallet as Trezor (October 2019)</li> <li><a href="https://coinswitch.co/news/top-10-cryptocurrency-wallets-to-look-forward-to-2019">Anisa Batabyal of Coinswitch</a> ranks Ledger #1 .(August 2019)</li> </ul> <h2>Digital vs Hardware Wallets</h2> <p><meta charset="utf-8" /></p> <p dir="ltr" id="docs-internal-guid-1c1ac5db-7fff-6d22-440f-33a52e994eee">A hardware wallet is a physical device that digitally stores your cryptocurrency. The primary reason that you’d have a hardware wallet is to keep your currency isolated so that it cannot be accessed without the physical device. Just like  the cash you hold in your leather wallet, your cryptocurrency cannot be taken from your hardware wallet unless someone physically acquires it, the keys, and your passwords. But unlike a leather wallet, which can simply be opened and your hard-earned bills removed, hardware wallets have a wide range of security features.</p> <p dir="ltr">Many people I’ve tried to explain the concept of a crypto hardware wallet to try to equate it to an Apple Wallet, in that you’re storing a means of payment on a physical device. Apple, Samsung, Google, and others have built mobile applications to store credit card and other payment data for shopping at retailers using your phone. Cryptocurrency hardware wallets instead store value through digital currency like Bitcoin while adding a layer of security to the storage.</p> <h2>Ledger Nano X</h2> <p>I chose to buy the Ledger Nano due to the top rating <a href="https://coinswitch.co/news/top-10-cryptocurrency-wallets-to-look-forward-to-2019">by Anisa Batabyal of Coinswitch</a> and a relationship I just opted into with Ledger to help sell the devices. I look to share both positive and negative experiences from my purchase.</p> <p>Our Review is focused on the Nano X, but I understand the device is very similar to the Nano S with the addition of Bluetooth capabilities.</p> <h2>Unboxing</h2> <p>The Ledger Nano X comes with the USB connector, a getting started booklet, the device itself, and a keychain.</p> <p><img alt="Unboxing Ledger Nano X: Packaging, USB, Keychain, user guide" data-entity-type="file" data-entity-uuid="6784bdb4-2a0e-442e-bf37-2952bf5bb668" src="/sites/fundwisdom.com/files/inline-images/Ledger%20Nano%20X%20Fund%20Wisdom%20with%20box.jpg" style="width:500px;" class="autofloat-odd " /><br />  </p> <p>I have no idea what to do with the keychain as it does not appear to fit well in the loop and I do not intend to carry it around everywhere I go... yet.</p> <p> </p> <h3>Setup</h3> <p>Upon taking the device out the first thing I wanted to do was begin to transfer my coins stored in my Coinbase wallets over to my fancy new hardware wallet. The getting started notebook helps walk you through initial software setup and secret key storage. Ledger provides a space in the getting started booklet to write down each of your secret keys or suggests storing the keys in cold storage. To achieve cold storage you can save txt files on your own external drives, not connected to the internet, or use services like Amazon Glacier and Google Coldline. Cold Storage means that the file is offline, physically separated from being connected to the Internet. The Ledger site offers more <a href="https://www.ledger.com/welcome-to-digital-asset-custody-a-city-of-trade-offs/">detailed instructions and background on this topic, digital asset custody</a>. </p> <p>You could just write the key combo on the notebook, Ledger provides, and store it somewhere safe in your home, which is what I did. Keeping your keys online, storing your password in a file on your laptop, or connected cloud service can be unsafe. Each way can be, and increasingly is, hacked.</p> <h3>Installing apps</h3> <p>In order to store or trade any cryptocurrency each token requires a different application to be downloaded and installed on the device. After installing Ledger Live I had to go through and install Bitcoin, Ethereum, Zcash, Stellar, and Tezos.</p> <p>This was when my experience began to fall apart. I multi-tasked while installing and connecting my accounts as there was a loading wait time through a few steps. This slowed everything down. When I would take my attention away, waiting for a download or install, I would need to re-enter the password into the ledger device every time. I am new to the whole process so likely there are better ways to manage, but it started to drive me crazy using the interface and the two small buttons to enter the 8 digit code every time I turned away.  </p> <h3>Buy &amp; Trade Cryptocurrencies</h3> <p>I prefer to leverage the Coinbase platform because of the Coinbase Earn program. You can <a href="https://www.coinbase.com/join/thopse_0">earn $10 by signing up</a> for an account, and in the Earn program you can collect well beyond the $10 by watching educational videos on new coin offerings.</p> <p><a href="https://www.coinbase.com/join/5c93d7f14a0e7f025ef2d57c"><img alt="Coinbase Buy and Sell Etherium, Lightcoin, Bitcoin, and other Cryptocurrencies" data-entity-type="file" data-entity-uuid="76eec8a2-b302-4fca-8d24-0c04fbf45230" src="/sites/fundwisdom.com/files/inline-images/coinbasebanner1.jpg" style="width:280px;float:right;margin:10px;" class="autofloat-even " /></a></p> <h3>Trade offs: Cost, convenience</h3> <p dir="ltr" id="docs-internal-guid-bfdc2c44-7fff-b1c9-6486-9347c19c0b47">I’ll be honest - it was a pain to have to continually enter the codes. Plus, there is a transaction cost to move from your trading platform wallet, like Coinbase Wallet, to the ledger wallet address.</p> <p dir="ltr" id="docs-internal-guid-110951f3-7fff-3acf-6444-4d7ead7bef73">I haven’t had to engage with Customer Support at all yet, but I did end up crashing the device, which required a repair.</p> <h2>Conclusion</h2> <p><meta charset="utf-8" /></p> <p dir="ltr">The independent ratings, security, broad range of currencies available, simplicity, comfort of going with an established company, and my relationship with Ledger, allow me to recommend the Nano X. I would just qualify my recommendation by factoring in the total amount and number of currencies being stored.</p> <p dir="ltr">3 independent authors that rate Ledger number 1 wallet, so it is not just my opinion. If you <a href="https://shop.ledger.com/pages/ledger-nano-x?r=10988c46bbfd">Buy a Ledger Nano</a> we look forward to hearing about your experience in the comments below.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2019-11-06T23:29:09+00:00">Wed, 11/06/2019 - 18:29</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a></div> </div> <div id="comment-section"> <div class="comment-number post-section-title"> <span> Comments</span> </div> <div class="title-line"></div> <div id="comment-container"> <div> <article class="comment byuser comment-author-admin bypostauthor even thread-even depth-1" id="li-comment-10"> <div class="comment-entry" > <div class="comment-avatar"> <article class="simpnews-user-info"> <div class="field field--name-user-picture field--type-image field--label-hidden field__item"> <a href="/user/0" hreflang="und"><img src="/sites/fundwisdom.com/files/styles/thumbnail/public/default_images/person_8x10.png?itok=5xxcXpg4" width="80" height="100" alt="Profile picture for user Robert" typeof="foaf:Image" /> </a> </div> </article></div> <div class="comment-info"> <div class="comment-author"> <span rel="schema:author"><span lang="" typeof="schema:Person" property="schema:name" datatype="">Tony (not verified)</span></span> </div> <div class="comment-date"> Sun, 10/13/2019 - 04:20 <span property="schema:dateCreated" content="2019-10-13T08:20:14+00:00" class="hidden"></span> </div> <span class="comment-reply"> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=133&amp;1=default&amp;2=en&amp;3=" token="w2cn2KemNXbKcbluYKDf4AYeksbKx43Mch6xxCgT4c4"></drupal-render-placeholder> </span> <span class="comment-content"> </span> <div class="comment-content content"> <div property="schema:text" class="field field--name-comment-body field--type-text-long field--label-hidden field__item"><p>I find it hard to pick a winner of the best crypto hardware wallets. I do like Trezor which I started out with. But moved to Ledger when the S came out. Like this review says it is hard to make out just one winner <a href="https://gocryptowise.com/5-of-the-best-crypto-hardware-wallets/">https://gocryptowise.com/5-of-the-best-crypto-hardware-wallets/</a>. Can you own several hardware wallets or is that just stupid?</p> </div> </div> </div> <div class="cleared"></div> </div> <!-- End Comment entry--> </article> <div class="indented"><article class="comment byuser comment-author-admin bypostauthor even thread-even depth-1" id="li-comment-10"> <div class="comment-entry" > <div class="comment-avatar"> <article class="simpnews-user-info"> <div class="field field--name-user-picture field--type-image field--label-hidden field__item"> <a href="/users/brian-thopsey" hreflang="en"><img src="/sites/fundwisdom.com/files/styles/thumbnail/public/pictures/me2.PNG?itok=qR2OZ0r7" width="76" height="100" alt="Profile picture for user Brian Thopsey" typeof="foaf:Image" /> </a> </div> </article></div> <div class="comment-info"> <div class="comment-author"> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> </div> <div class="comment-date"> Mon, 10/21/2019 - 19:00 <span property="schema:dateCreated" content="2019-10-21T23:00:22+00:00" class="hidden"></span> </div> <span class="comment-reply"> <drupal-render-placeholder callback="comment.lazy_builders:renderLinks" arguments="0=134&amp;1=default&amp;2=en&amp;3=" token="b8Gdy_Xu6C-VHVNbAGigBASjYnCZ5UfRMAMIkeeUsFg"></drupal-render-placeholder> </span> <span class="comment-content"> </span> <div class="comment-content content"> <div property="schema:text" class="field field--name-comment-body field--type-text-long field--label-hidden field__item"><p>Feels like overkill to own several.</p> </div> </div> </div> <div class="cleared"></div> </div> <!-- End Comment entry--> </article> </div> </div> </div> <div class="cleared"></div> </div> Wed, 06 Nov 2019 23:29:09 +0000 Brian Thopsey 9254 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/crypto-hardware-wallet-ledger-nano-x-review#comments https://fundwisdom.com/article/brian-thopsey/crypto-hardware-wallet-ledger-nano-x-review#comments Libra: Cryptocurrency By Facebook (In 5 Minutes) https://fundwisdom.com/article/brian-thopsey/libra-cryptocurrency-facebook-5-minutes <span property="schema:name">Libra: Cryptocurrency By Facebook (In 5 Minutes)</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><img alt="Libra Logo with Mark Zuckerberg" data-entity-type="file" data-entity-uuid="d8505a09-16c2-449b-b20e-015036a0ca84" src="/sites/fundwisdom.com/files/inline-images/libra.JPG" style="width:700px;" class="autofloat-odd " /></p> <p>Renowned social media giant Facebook announced its plan to enter the cryptocurrency market with Libra. Their intent is to make money transfer painless, like sending messages and images. The currency is being built by a collective of other top firms that will universally accept the payment method. Their proposal is to create a safe, stable coin, by leveraging the network affect of their existing platform for distribution. The hope is for people all around the world to have access to equal financial opportunities. </p> <p><img alt="Libra Network of firms" data-entity-type="file" data-entity-uuid="8165f2b6-22c4-46b5-b12f-3ae8d18c98f6" src="/sites/fundwisdom.com/files/inline-images/libra-network.PNG" style="width:500px;" class="autofloat-even " /></p> <p>Some of the challenges the collective looks to solve:</p> <ul> <li value="50">31% of the world’s population don’t have a bank account. <ul> <li value="50">High costs and transaction charges for global transfer</li> </ul> </li> <li value="50">The un-banked often pay higher fees for cash based money movement.</li> </ul> <p>We understand the motive and vision hidden behind designing most cryptocurrencies, including Libra, to foster open access to financial markets. The Libra Blockchain is a programmable and decentralized database developed to support a more constant cryptocurrency that will have the potential to serve as a well-organized channel of exchange for billions of people all around the world. Libra is said to be setup as a separate independent association, not focused on profits. The Libra protocol scheme leverages blockchain technology to develop a financial infrastructure openly accessible, lowering hurdles to entry, and enhances reach to financial services.</p> <p>Thanks to Abishai James for his contribution to this article both in content and imagery. He wrote a much more <a href="https://winbtc.net/libra/" target="_blank">detailed piece on Libra on his website</a>.  Bringing digital financial services to you, while improving ease of access is our goal. Let us know your thoughts on the impact this will have in the comments below.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2019-11-06T13:47:36+00:00">Wed, 11/06/2019 - 08:47</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Wed, 06 Nov 2019 13:47:36 +0000 Brian Thopsey 9447 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/libra-cryptocurrency-facebook-5-minutes#comments https://fundwisdom.com/article/brian-thopsey/libra-cryptocurrency-facebook-5-minutes#comments Exchange Traded Crypto funds https://fundwisdom.com/article/brian-thopsey/exchange-traded-crypto-funds <span property="schema:name">Exchange Traded Crypto funds</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>There are three types of funds available for investors interested in investing in cryptocurrency funds: Exchange-traded Funds, Private Investment Funds, and Hedge Funds. In this section we look at Exchange Traded Funds, where CoinShares dominates the market.</p> <h3>Exchange Traded Products</h3> <p>Exchange traded products are securities that are bought and sold on an established exchange. Exchange traded products can be either Exchange traded Funds (ETFs) or Exchange traded Notes (ETNs). ETFs are backed by the securities they hold (think of them like a mutual fund, which is just a structure to hold individual assets like stocks or currencies) while ETNs are notes issued by a company that uses the money raised to buy securities, in this case cryptocurrencies.</p> <p>ETNs have an additional layer of risk over ETFs because they are essentially loans to the issuer. And issuers running into trouble is not unprecedented: XBT Provider, the original issuer of cryptocurrency ETNs, had financial trouble, but luckily was bought up by Global Advisors and both firms were rebranded as CoinShares.</p> <h3>Lack of US Access</h3> <p>As of May 2019 there are no Exchange traded crypto focused products available in the United States. In August of 2018, the U.S. Securities and Exchange Commission (SEC) rejected nine bitcoin ETF proposals from large, firms like ProShares, Direxion, and others. The stated reason was because the SEC was unconvinced that the exchanges could prevent fraud or manipulative acts.</p> <p>As recently as May 20th of 2019 the SEC rejected the application of the VanEck/SolidX Bitcoin ETF. With this rejection, it seems unlikely there will be an SEC approved ETF available to U.S. investors anytime in 2019. Even more discouraging, the VanEck/SolidX proposal, in an attempt to reassure the SEC, set a minimum share price of $200,000 to discourage retail investors and attract more institutional funds. Unaccredited investors may have an even longer wait for an SEC-approved fund.</p> <h3>Global Crypto - Exchange Access Outside North America</h3> <p>U.S. citizens can invest in Exchange traded Products listed in non-U.S. exchanges. CoinShares lists their products on the Swedish exchange which can be accessed through a broker connected to Nasdaq Stockholm or the Nordic Growth Market. For experienced investors comfortable using an online broker and accessing foreign exchanges <a href="https://www.interactivebrokers.com/en/home.php">Interactive Brokers</a> offers an option to allow access to invest.</p> <p>We offer a <a href="/investors/funds/types/crypto">list of funds including CoinShares that provide access to this asset type.</a></p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2019-05-28T13:24:45+00:00">Tue, 05/28/2019 - 09:24</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Tue, 28 May 2019 13:24:45 +0000 Brian Thopsey 8974 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/exchange-traded-crypto-funds#comments https://fundwisdom.com/article/brian-thopsey/exchange-traded-crypto-funds#comments Financial Advisory - Startup & Crypto: Limitations & Innovations https://fundwisdom.com/article/brian-thopsey/financial-advisory-startup-crypto-limitations-innovations <span property="schema:name">Financial Advisory - Startup &amp; Crypto: Limitations &amp; Innovations</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Interested in investing a portion of your long term savings or retirement into high growth startup companies at early stages? Several solutions have emerged to help provide access to these alternative assets, making it easier to invest, but working through existing financial relationships may prove challenging for some. </p> <p>Equity funding regulation and the rise of cryptocurrency held promise for open startup investment opportunities to all, no matter economic status. However, most who want to work with a professional financial expert to get help in selecting and managing a portfolio of early stage companies, or alternative investments, options are limited. Innovative investment platforms and funds are the first place to look for access.</p> <h2 style="line-height: 20.0063037872314px;"><img alt="" src="/sites/all/files/cfund//sea-67911_640.jpg" style="margin: 10px;" width="400" class="autofloat-odd " /></h2> <h3>Financial Advice Limitations</h3> <p>Most investment firms that have experience with alternative investments require you to be an <a href="/investors/types/accredited-qualified-purchaser-investing">accredited investor (wealthy as defined by the SEC)</a>, and there are few that will actively assist you in selecting individual investments unless the amount you have to invest far exceeds even the SEC standards.</p> <h4>Broker-Dealers:</h4> <p>Traditional investment brokers like Scottrade, TD Ameritrade, <a href="http://www.kqzyfj.com/click-7643827-13718994" target="_top">Mintbroker</a><img border="0" src="https://www.tqlkg.com/image-7643827-13718994" class="autofloat-even " />, Charles Schwab, Vanguard, and E-trade provide access to public equity, debt, and funds that include mostly mature large companies. Access to higher risk alternative assets like early stage companies are limited through these channels so we explore other avenues. </p> <h4>Registered Investment Advisors</h4> <p><a href="https://www.financial-planning.com/news/few-financial-planners-see-cryptocurrencies-as-a-viable-investment-option-fpa-survey">Ravie Lakshmanan of FinancialPlanning.com writes </a>RIAs: “a mere 2% of financial planners view cryptocurrencies as a viable investment option.”</p> <p>Merrill Lynch and Morgan Stanley have “banned their brokers from recommending bitcoin and refuse to trade the instrument.”<a href="http://www.financialadvisoriq.com/c/2021393/236283/many_rias_refuse_anywhere_near_bitcoin"> according to Financial Advisor IQ author Bruce Love</a>. He goes on to write, “Most RIAs won’t let their clients anywhere near cryptocurrencies. And there’s a crucial legal reason why RIAs would be hard-pressed to let their clients invest in bitcoin: It might not be fiduciarily responsible. Under their fiduciary duty, putting their client’s best interests first, many RIAs think cryptocurrencies are far too risky for most retail investors.”  SEC Chairman Jay Clayton told CNBC the U.S. regulator would not be defining cryptocurrencies as securities anytime soon – a move which would allow RIAs to actively trade the instruments.</p> <h3>Robo Advisors</h3> <p>If you are looking for ways to automate your investing and re-balancing process robo advisors offer an option with the benefit of often times lower fees. Many offer tax-loss harvesting, and access to financial planners and advisors. There are companies that solely offer robo advisory and many of the dealers above have started adding this as a service to their broad portfolio. <a href="https://track.flexlinkspro.com/a.ashx?foid=1156697.138832797&amp;foc=1&amp;fot=9999&amp;fos=1" rel="nofollow" target="_blank">Wealthsimple </a>is a robo advisor based in Canada<a href="https://track.flexlinkspro.com/a.ashx?foid=1156697.138832797&amp;foc=1&amp;fot=9999&amp;fos=1" rel="nofollow" target="_blank">.</a> They offer <a href="https://track.flexlinkspro.com/a.ashx?foid=1156697.138832797&amp;foc=1&amp;fot=9999&amp;fos=1" rel="nofollow" target="_blank">low fees, and automated investing</a>. Most though still do not offer access to early stage startup equity.</p> <h3>Fees</h3> <p>Economics of advisory is a likely cause for so few certified professionals dedicated to startup equity investing. Advisors are typically paid an annual fee based on total assets invested. With a 0.5% (50 bps) fee, a $50 million client will make the advisor around $250,000 a year, while a $500,000 client will make the advisor $2,500. At $2,500 revenue per client, It would take 40 clients to earn $100,000 in revenue. One good financial advisor might be able to advise and manage 40 clients, but assuming overhead costs are at least 50%, that leaves $50,000 per year to pay the advisors salary.</p> <p>Portfolio management theory is just as important as the reality of fees. Registered investment advisors (RIAs) have a fiduciary responsibility to their clients. They cannot allow the investor to be overly concentrated in one investment, particularly risky ones. Thus, they follow the traditional theory which says that any allocation to “alternative investments” must be small, say a maximum of 10% of a client’s investable assets. An unaccredited investor has a legal cap to the amount they can invest in alternatives per year.</p> <p>Considering the mechanics above and specialty expertise required to provide professional advice we believe it these factors drastically reduce the number of alternative specialists. We look to showcase specialists covering startup equity and cryptocurrencies so appreciate any suggestions or feedback in the comments.</p> <h2>Going It Alone</h2> <p>The economics of asset management explained above reveal why even accredited investors will often have to go it alone when it comes to choosing alternative investments. Assuming you are going to have to go at this alone we have compiled a list of portals and funds to review.</p> <p> </p> <h3 style="line-height: 20.0063px;">Funding Portals &amp; Funds</h3> <p>We list, rank, analyze, and review <a href="/investors/platforms">innovative startup equity and crypto investing portals</a> and <a href="/investors/funds">funds.</a></p> <p>There are three types of funds available for investors interested in investing in alternative funds: Exchange-traded Funds, Private Investment Funds, and Hedge Funds. We highlight some of the most well-known, experienced, and professional providers. Of note, buying a fund puts the responsibility for managing the investments on the fund manager. It also makes the fund manager responsible for all transaction costs and custodial costs.</p> <p> </p> <h3>Tax Incentives</h3> <h4>Self-directed Retirement Plans:</h4> <p>In order to gain tax efficiency with your investments retirement accounts are a great resource and self directed plans are a great resource for going it alone and gaining access to these high risks investments. SEC and IRS rules govern what can go into an Individual Retirement Accounts (IRA), and most IRA managers want, or require, you to invest in their own products. For example, an account managed by Vanguard will allow you to allocate your retirement savings into Vanguard funds. A self directed IRA can allow you control, because you take the fiduciary responsibility away from the manager — you are the manager.</p> <p>There are numerous organizations, typically Trust companies, that manage the mechanics of investment accounts on behalf of others. While traditional Registered Investment Advisors (RIAs) can make money off the fees charged by the assets they manage, the fee structure in a self directed account without an advisor are often lower.</p> <p>Goldstar and Rocket Dollar offers self-directed tax incentivized accounts. Companies that provide self-directed retirement accounts like IRAs are usually experts in managing the account itself. Additionally, management of custodial services required for the assets you hold and assistance with choosing among possible investments may be covered in self-directed RIAs. These services are paving the way for individuals to invest in startups through these investment vehicles through self-directed IRA accounts that allow for investing in debt and equity through online portals. They have created accounts to help facilitate these transactions.</p> <p><a href="https://www.jdoqocy.com/click-7643827-13927104" tabindex="-1">RocketDollar - Self Directed IRA and 401k</a>s enable you to invest in any asset class allowed by the IRS. Invest securely and easily in Real Estate, Startups, and more.<span class="hs_cos_wrapper hs_cos_wrapper_widget_container hs_cos_wrapper_type_widget_container" data-hs-cos-general-type="widget_container" data-hs-cos-type="widget_container" id="hs_cos_wrapper_module_1542170793193741" style="">"Rocket Dollar helps you unlock your old 401(k)s and IRAs to tap as a new source of capital. You can continue to enjoy the tax benefits of retirement accounts while diversifying your portfolio to invest in alternative asset classes such as startups and real estate."</span><span class="hs_cos_wrapper hs_cos_wrapper_widget_container hs_cos_wrapper_type_widget_container" data-hs-cos-general-type="widget_container" data-hs-cos-type="widget_container" id="hs_cos_wrapper_module_1542170793193741" style=""> shreas Matt Silk the CEO of TMW Capital.</span></p> <p>We spoke with Josh Duckworth the Director of Marketing at <a href="https://www.goldstartrust.com/?AspxAutoDetectCookieSupport=1">GoldStar Trust about how they offer this</a>. Gold Star Trust charges 25$ to create an IRA account and $65 per year to maintain the account. In addition to self-directed IRAs, Gold Star Trust offers a solution for escrow and payment services with fees starting at $500 per deal. Their recent launch of <a href="http://www.crowdpay.com/" target="_blank">CrowdPay</a>, escrow, payments, custody and tax reporting services can be done via API (Application Programming Interface).</p> <p> </p> <h2>Startup &amp; Crypto Innovations</h2> <p>I hope you find our list of <a href="/investors/platforms">innovative startup equity and crypto investing portals</a> and <a href="/investors/funds">funds</a> helpful. While there are limitations to accessing financial advice in this risky space, there are continual changes and improvements through technology that we look to showcase. We appreciate any feedback and input in the comments below.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2019-05-27T15:32:07+00:00">Mon, 05/27/2019 - 11:32</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a>, <a href="/tags/tax" hreflang="en">Tax</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Mon, 27 May 2019 15:32:07 +0000 Brian Thopsey 5515 at https://fundwisdom.com A List of BlockChain Angel Investors and Venture Fund Managers https://fundwisdom.com/article/brian-thopsey/list-blockchain-angel-investors-and-venture-fund-managers <span property="schema:name">A List of BlockChain Angel Investors and Venture Fund Managers</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>The below list of angels and fund managers are noted for their innovative approaches to the market. As you vote and provide feedback managers will be added to <a href="/investors/funds">our database with further details</a>.</p> <p><img alt="Jason Calacanis" data-entity-type="file" data-entity-uuid="871ef68b-2274-48ba-b1d4-689506e922b8" src="/sites/fundwisdom.com/files/inline-images/jason%20calacanis_0.PNG" style="margin: 10px; width: 200px;" class="autofloat-odd " /></p> <p><a href="https://angel.co/jason">Jason Calacanis</a>: An American Internet entrepreneur, angel investor, author and blogger. His first company was part of the dot-com era in New York, and his second venture, Weblogs, Inc., a publishing company that he co-founded together with Brian Alvey, capitalized on the growth of blogs before being sold to AOL. As well as being an angel investor in various technology startups, Calacanis also presents at industry conferences worldwide.</p> <p><a href="https://angel.co/andreazurek">Andrea Zurek</a>: Ms. Andrea Zurek has been an active angel investor since 2006. Ms. Zurek has been named one of the top 25 tech angels by Businessweek. In addition, she has been named one of "25 Influential Business Women in San Francisco/Silicon Valley You Should Follow on Twitter 2010". She has also been profiled in the 2009 Top 40 Under 40 in the Silicon Valley/San Jose Business Journal and most recently in San Francisco Magazine.</p> <p><a href="https://angel.co/smerani">Shawn Merani</a>:  Founder @Parade Ventures Prev: Founder/Partner @Flight Ventures @ReachLocal (NASDAQ: RLOC) – Investor @Dollar Shave Club @Cruise Automation @HOOKED @Sapho</p> <p><a href="https://angel.co/ab">Andy Bromberg</a> CEO, Co-founder <a href="https://angel.co/coinlist" target="_blank">@CoinList</a>. Former CEO <a href="https://angel.co/sidewire" target="_blank" title="Sidewire">@Sidewire</a>. Math/CS <a href="https://angel.co/stanford-university" target="_blank">@Stanford University</a>. Founding member <a href="https://angel.co/stanford-bitcoin-group" target="_blank" title="Stanford Bitcoin Group">@Stanford Bitcoin Group</a> while studying Mathematics and Computer Science there.</p> <p><a href="https://angel.co/joeykrug">Joey Krug</a>: Currently co-managing the Pantera ICO and Digital Asset funds and decentralizing prediction markets via Augur to make the best possible forecasting + derivatives tool.His AngelList syndicate can be found at <a href="https://angel.co/joeykrug/syndicate">https://angel.co/joeykrug/syndicate</a></p> <p><a href="https://angel.co/lou-kerner">Lou Kerner</a>: (blogger) Lou Kerner is a Partner at Flight VC where he manages the Israeli Founders Syndicate on AngelList. Lou is also the Founder and Managing Partner at The Social internet Fund, which invests in the primary or secondary shares of private social media or mobile companies.</p> <p><a href="https://www.crunchbase.com/person/steve-huffman">Steve Huffman</a>: Prior to founding Hipmunk, Steve founded the social news site reddit in 2005 with his college roommate, Alexis Ohanian. Reddit has since grown into the largest social news site and one of the largest communities on the Internet. In 2010, Adam pulled Steve out of retirement to start Hipmunk.</p> <p><a href="https://angel.co/olafcw">Olaf Carlson-Wee</a>: Olaf Carlson-Wee is the founder and Chief Investment Officer of Polychain Capital. He is the former Head of Risk at Coinbase, the largest bitcoin company in the world, where he was the first employee. He received a BA in Sociology from Vassar College after completing his thesis on distributed networking and financial cryptography.</p> <p><a href="https://angel.co/cyantist">Cyan Banister</a>: Banister is a partner at Founders Fund, where she invests across sectors and stages with a particular interest in augmented reality, fertility, heavily regulated industries and businesses that help people with basic skills find meaningful work. Prior to joining Founders Fund, Cyan was an active angel investor with a portfolio including Uber.</p> <p><a href="https://www.crunchbase.com/person/scott-banister">Scott Banister</a>: Scott Banister is an American entrepreneur and angel investor. He is best known as a co-founder of IronPort and an early advisor and board member at PayPal.</p> <p> <a href="https://www.crunchbase.com/person/mark-bakacs">Mark David Bakacs</a>: Co-founder at Ideapod</p> <p><a href="https://www.seedinvest.com/ryan.feit">Ryan Feit</a>: Ryan Feit is the CEO and Co-Founder of SeedInvest.</p> <p><a href="https://www.crunchbase.com/person/kavita-gupta-2">Kavita Gupta</a>: Ms. Gupta is a recipient of UN social finance innovator award in 2015 for being an integral part of the founding green bond team at The World Bank. At ConsenSys, Kavita heads the unique VC-hedge fund, investing in next-generation blockchain technologies revolutionizing our current systems. Previously she has been running over $250M fund aligned with.</p> <p><a href="https://angel.co/paul">Paul Menchov</a> CTO <a href="https://angel.co/coinlist" target="_blank" title="CoinList">@CoinList</a> / Co-Founder <a href="https://angel.co/republic" target="_blank" title="Republic">@Republic</a>. Built things <a href="https://angel.co/angellist" target="_blank" title="AngelList">@AngelList</a>, <a href="https://angel.co/zynga" target="_blank">@Zynga</a>. Studied CS <a href="https://angel.co/cornell-university" target="_blank">@Cornell University</a>.</p> <p><a href="https://angel.co/graham">Graham Jenkin</a> Co-founder &amp; COO at <a href="https://angel.co/coinlist" target="_blank" title="CoinList">@CoinList</a></p> <p><a href="https://angel.co/joshuaxls">Joshua Slayton</a> Founder <a href="https://angel.co/coinlist" target="_blank" title="CoinList">@CoinList</a> &amp; founding CTO <a href="https://angel.co/angellist" target="_blank" title="AngelList">@AngelList</a></p> <p><a href="https://angel.co/bt">Brian Tubergen</a> Founder <a href="https://angel.co/coinlist" target="_blank" title="CoinList">@CoinList</a>. Built <a href="https://angel.co/angellist" target="_blank" title="AngelList">@An</a><a href="https://angel.co/angellist" target="_blank" title="AngelList">gelList</a>'s online fundraising product. CS <a href="https://angel.co/princeton-university" target="_blank">@Princeton University</a>. Interned <a href="https://angel.co/facebook" target="_blank" title="Facebook">@Facebook</a>, <a href="https://angel.co/microsoft" target="_blank" title="Microsoft">@Microsoft</a>, Google Summer of Code.</p> <p><a href="https://angel.co/jesseclay">Jesse Clayburgh</a>  <a href="https://angel.co/protocol-labs" target="_blank" title="Protocol Labs">@Protocol Labs</a> &amp; <a href="https://angel.co/coinlist" target="_blank">@CoinList</a></p> <p><a href="https://angel.co/paigecraig">Paige Craig</a>: Mr. Craig is a venture capitalist and general partner at Arena Ventures, a founder-focused, seed stage venture capital firm based in Los Angeles.</p> <p><a href="https://angel.co/fabrice">Fabrice Grinda</a>: Mr. Grinda is a French entrepreneur, blogger for Business Insider and super angel, with more than 200 investments around the world, including Alibaba Group, Airbnb, Beepi, FanDuel, Palantir, and Windeln.</p> <p><a href="https://angel.co/vhfv">Vishal Harpalani</a>:</p> <p><a href="https://angel.co/ashrust">Ash Rust</a>: Mr. Rust is a partner at Alchemist Accelerator. He was the former CEO of SendHub and a mentor at Alchemist, is also an entrepreneur-in-residence with Trinity Ventures.</p> <p><a href="https://angel.co/juan-benet">Juan Benet</a> - Inventor of IPFS and Filecoin. Founder of <a href="https://angel.co/protocol-labs" target="_blank" title="Protocol Labs">@Protocol Labs</a> • Studied at <a href="https://angel.co/stanford-university" target="_blank">@Stanford University</a></p> <p><a href="https://angel.co/tom-williams-flight-vc/syndicate">Tom Williams</a>:</p> <p><a href="https://a16z.com/portfolio/">Andreessen Horowitz</a>:</p> <p><a href="https://www.linkedin.com/in/nathancreswell">Nathan Creswell</a>:</p> <p><a href="https://angel.co/kyork20">Kyle York</a>:</p> <p><a href="https://angel.co/greg-isenberg-flight-vc/syndicate">Greg Isenberg</a>:</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2018-10-11T11:20:36+00:00">Thu, 10/11/2018 - 07:20</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a>, <a href="/tags/non-accredited" hreflang="en">Non Accredited</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Thu, 11 Oct 2018 11:20:36 +0000 Brian Thopsey 5741 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/list-blockchain-angel-investors-and-venture-fund-managers#comments https://fundwisdom.com/article/brian-thopsey/list-blockchain-angel-investors-and-venture-fund-managers#comments The Uber-Angel Investor Promoting Seeds of Prosperity https://fundwisdom.com/article/brian-thopsey/uber-angel-investor-promoting-seeds-prosperity <span property="schema:name">The Uber-Angel Investor Promoting Seeds of Prosperity</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>We chose to profile Gil Penchina, a serial entrepreneur and prolific angel investor, due to his success leveraging innovative technologies in the venture capital and angel investing industry. Gil is focused on helping entrepreneurs and investors achieve great success. He has been one of the most successful <a href="/investors/funds/angellist-syndicates">AngelList Syndicate leads</a>. We look to showcase some the strategies that led to this success.</p> <p>Gil Penchina has been called a “Unicorn” because of his track record of angel funding success, while he prefers to consider himself “<a href="https://medium.com/startup-grind/the-secrets-of-a-startup-guru-8f828770850">a regular guy with an idiosyncratic antenna</a>”. At the time of writing this article, he has raised one of the largest <a href="https://angel.co/syndicates/browse/gil-penchina">AngelList Syndicates</a>, or angel investment vehicles. Leveraging a personal brashness of relentless urgency, hyper-scaling and constantly refining go-to-market strategies.</p> <h3>Founder, Leader, Investor</h3> <p>Gil Penchina finds innovative ways to scale his leadership and capital. He is the co-founder of <a href="https://www.pryze.com/">Pryze</a>, and <a href="https://www.fastly.com/">Fastly</a>. Pryze is the first provably fair sweepstakes platform build on Etherium and Fastly powers fast, secure, and scalable digital experiences. He is a board member at Vouch Financial, helping borrowers get personal loans at better terms than other lending institutions or marketplaces typically offer. Gil helped create <a href="https://angel.co/angelmob/jobs">Angelmob</a>, a platform to help startup founders leverage their communities so they can succeed through collaboration.</p> <p><img alt="Gil Penchina" data-entity-type="file" data-entity-uuid="d412d73b-7071-476d-bdc7-46a4dbbb368c" src="/sites/fundwisdom.com/files/inline-images/gil-Penchina.jpg" style="width: 200px; margin: 10px;float:left;" class="autofloat-odd " /></p> <p>Mr. Penchina is invested in companies and ICOs such as Brave, Ripple, Filecoin and Civic early on as well as, Polychain, AngelList, Bitcoin and Ethereum. Gil has been an active angel investor in 100+ companies over the last 13 years including firms such as Linkedin, Paypal, Datanyze, Indiegogo, Evite, Wealthfront and many others. He specializes in consumer, marketplaces, SAAS and other products that can be sold without sales people. <a href="https://angel.co/penchina">Follow Gil Penchina’s updated investment portfolio</a>.</p> <h3>Building AngelList Syndicates</h3> <p>Gil created several AngelList Syndicates with a mix of partners, associates and  a team of entrepreneurs that know what it’s like in the trenches. Gil partnered with <a href="https://angel.co/nathan-creswell">Nathan Creswell </a>to build the <a href="https://angel.co/penchina/syndicate">Flight VC AngelList Syndicate</a>, 25 syndicate managers/partners, 100 associates and scouts along with 3000 backers. Mr. Creswell is a product director at Zuora and leads the B2b SaaS focused syndicate.</p> <p>Accredited investors can <a href="https://angel.co/penchina/syndicate">invest alongside Gil and team via AngelList.</a></p> <p>Anyone considering an investment in one of the syndicates needs to understand that these investments represent absolute risk; they can lose all their money. There is no guarantee of a "soft landing" or acquisition if things do not go as planned. In addition, there is no guarantee that, even in a successful company, there will be opportunity for liquidity for the shares represented and an investor should be prepared to have their capital committed for up to ten years, or more without liquidity.</p> <h3>Venture Capital</h3> <p>Gil is a partner at <a href="/investors/funds/ridge-ventures">Ridge Ventures</a> (formerly known as IDG Ventures USA) headquartered in San Francisco, California. Ridge Ventures is an early stage venture capital fund investing in experienced founders redefining how the world interacts with software.</p> <p>Ridge Ventures delivers advanced technologies, new distribution models and incredible user experiences to market. Their approach is fast, flexible and founder-focused creating the right relationships right from the start; they bolster companies allowing them to become market leaders quickly. Such companies include Krux, MindMeld, TellTale Games, Next Games, Minted, Fastly, for starters. Gil has also taken on a new advisory role with <a href="https://blockchain.syncfab.com/?platform=hootsuite">SYNCFAB</a>.</p> <h3>Investing Thesis</h3> <p>So, what did Gil get right? Well first he set out clear investment limits and remained aware of these limits. Gil shares insights on The Syndicate Podcast, by  <span>Matt Ward</span>, “<a href="https://medium.com/@thesyndicateangelpodcast/how-gil-penchina-tried-to-lose-money-and-hit-5-unicorns-and-the-future-of-cryptocurrencies-b6eff627c563">How Gil Penchina Tried to Lose Money and Hit 5 Unicorns.</a>” Gil might have been ready to lose every penny he had designated for angel investing but that was a defined amount. And secondly, he was wise enough to reflect on diverse points of view even when these points of view seemingly contradicted his own; the advice he received came from his community of friends, entrepreneurs and other serial investors.  </p> <p>“All I do is talk to people, email people, take meetings and do interviews. Then I work at maintaining relationships with my investors because the trust people place in me is my business model.” Gill Penchina’s conversation with <a href="https://medium.com/startup-grind/the-secrets-of-a-startup-guru-8f828770850">Jeff Cunningham, StarupGRIND</a></p> <p>Gil Penchina started investing early on in eBay where he made some good money. His attitude now is that to be being an angle investor you must be willing to diversify between a minimum of 20 companies. He attributes a lot to effective listening, questioning and remaining humble – listening to other investors and good friends; this attitude has helped him stay focused and grounded especially when he’s able to reflect on just how stupid an idea might have been…</p> <p>Betting on crazy people isn’t only exciting but it just may be the best way to get in and stay in during the lean starup years. Going in with the attitude that you are trying to “go bust” is real commitment. But be clear Gil might seem sloppy, and he admits that has his moments, he also knows what he’s looking out for. He does his homework i.e. this is not his first rodeo he’s was in PayPal before X.com even existed as well as in LinkedIn during the early years.</p> <p>Gil takes notes and journals to constantly remind him that everything is subject to change and that you are betting more on the team rather than on the idea; sometimes. “We all often try to create a mental history of what happened that changes over time so I found that the humility to sort of go back and read my original notes and go oh ya I did say it’s [a bad] idea didn’t I? Hmm; Oops.”</p> <h4>Blockchain</h4> <p>At Fund Wisdom we believe <a href="/investors/crypto">Blockchain is a fundamental innovation</a> changing the way business and commerce is done. The stored value, distributed networks, securitization of assets, and public ledger, can lead to efficiencies at scale. “Blockchain requires cryptography and the ability to have a public ledger that is completely immutable, perfectly safe, distributed all over the world. Our processor serves as the perfect processor to enable this supercomputing capability to be distributed. And that's the reason why it's used.” Nvidia CEO, Jensen Huang.</p> <p>Today Mr. Pencina is bullish on blockchain and <a href="/investors/crypto">cryptocurrencies</a>. This technology enables identity and associated data to be decentralized and controlled by the user. Crypto projects are solving for identity protection, “Right to be forgotten” and “Data Portability”. “I don’t think you can have a big data win as easily as you have a tools company that provides big data to other people.” <a href="https://medium.com/startup-grind/the-secrets-of-a-startup-guru-8f828770850">Jeff Cunningham’s interview with Gil Penchina</a>. “ I do think <a href="https://blog.polymath.network/angel-investor-gil-penchina-securities-tokens-are-coming-1f466bccf202">Security tokens are coming</a>, mostly because we all want them to.” The SEC and other security regulators are looking at ICO’s as securities. “[We’re] starting to see securities tokens with Bitcoin Capital’s BCAP, to brokers like Cointopia and Polymath, and enablers of security marketplaces [in] folks like tZERO and others,” <a href="https://blog.polymath.network/angel-investor-gil-penchina-securities-tokens-are-coming-1f466bccf202">said Mr. Penchina.</a></p> <p>One of the companies Gil Penchina invested in is <a href="https://polymath.network/">Polymath</a>, who look to help securities to migrate to the blockchain which can help reduce costs of local expensive exchanges, improve global and round the clock access. Polymath enables financial service firms to provide “Security Token Offerings” or STOs. The Polymath team looks to apply this beyond common investable assets, to every home, equity offering, and more. One of the challenges the industry faces is how the SEC classifies and regulates. Gil has shared his views <a href="https://techcrunch.com/2017/09/14/sec-shows-support-for-icos-that-are-not-obviously-securities/">on TechCrunch</a> that, "Protocol-level tokens (Bitcoin, Ethereum, etc.) do not have any assets of any kind underlying them and remain far from the SEC’s current focus." If you are looking to keep up with Gil's latest thoughts and strategies in the space he <a href="http://twitter.us16.list-manage.com/subscribe?u=8d5c2b793bd2bf2b334f6af7b&amp;id=e40f3ffa18">produces an ICO Insiders Mailing List.</a></p> <h4>Conclusion</h4> <p>Gil Penchina has built a massive network leveraging platforms like AngelList. He is a successful investor we admire and hope our readers can learn from.</p> <p>At FundWisdom we are passionate about providing innovative solutions to your equity investing, and financial marketing concerns. We look to help uncover strategies and solutions to transform the investment experience.</p> <p>Not every investor will have the same drive, tenacity and professional network available to them. If you’d like to comment or just want to share your insights we’d love to hear from you below or via our <a href="/contact">contact form</a>.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2018-09-21T11:17:07+00:00">Fri, 09/21/2018 - 07:17</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a>, <a href="/tags/non-accredited" hreflang="en">Non Accredited</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Fri, 21 Sep 2018 11:17:07 +0000 Brian Thopsey 5740 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/uber-angel-investor-promoting-seeds-prosperity#comments https://fundwisdom.com/article/brian-thopsey/uber-angel-investor-promoting-seeds-prosperity#comments #Craefulgang Block.one Closes $4 Billion ICO https://fundwisdom.com/article/brian-thopsey/craefulgang-blockone-closes-4-billion-ico <span property="schema:name">#Craefulgang Block.one Closes $4 Billion ICO</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>After less than a year Block.one has closed its Initial Coin Offering (ICO) EOS having raised a record, $4 Billion. Does this represent irrational exuberance in a company that is not able to deliver on its promises? John Oliver, host of satirical show, Last Week Tonight, thinks so. He featured the risks of Bitcoin and blockchain investing in his March 2018 episode.</p> <p> </p> <p><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/g6iDZspbRMg" width="560"></iframe></p> <p>Imagine it’s a hot day, and you’re thirsty, and you’re walking down a suburban street when the miracle of miracles you see a kid running a lemonade stand.<br /> You run over and say,<br /> “Hey, kid how much for a cup of cool lemonade?”<br /> Kid looks at you and says,<br /> “one million bucks and there’s a six-month wait for that lemonade, but don’t worry I’ve got the world’s expert on lemonade making it in my mom’s kitchen.”<br /> You laugh at this kid’s guts.<br /> But he just looks at you and says,<br /> “Join the queue.”<br /> At which point you see there’s a long line of thirsty adults stretching around the block carrying piles of cash and that kids are sitting on what looks like four billion dollars.</p> <p>Crazy right? Well not if you replace lemonade with an initial coin offering called EOS the offering from Block.one. The Lemonade whizz kids in the kitchen are Brendan Blumer, the company's CEO, and Dan Larimer, its chief technology officer and early Bitcoin pioneer Brock Pierce. They promise to tackle some of the <span style="font-weight: 400">biggest problems facing today’s blockchain architecture.</span> According to their <a href="https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md" rel="nofollow" target="_blank">white paper</a>, the goal of the mainnet is to create a decentralized operating system that improves the processing speed and flexibility of existing protocols while eliminating the need for user fees. Oh and that mom’s kitchen? The Cayman Islands, not that most natural place to get your money back from if it goes belly up.</p> <p>Block.one is a blockchain investment with thirsty investors buying tokens called “EOS” with a cryptocurrency called “Ether.” You can <a href="/investors/crypto">check the price of both on our latest pricing chart</a>, which at the time of writing Ether being worth $456 and EOS $8 per individual coin. 4,100,000,000 dollars of Ether have been turned into EOS for a company that at the time of offering had little published for plans, strategy, or other resources. Exchanging one currency called Ether, which carries high volatility itself; for another, carries a high level of risk. The question to ask is if we are experiencing a “South Sea Bubble” or if there is so much promise in these innovations there is still room for valuation growth and an investment return.<br />  </p> <p>I respect that John Oliver used his show as a platform to help bring awareness to the potential losses many investors may be faced with. In the episode John enlists Keegan-Michael Key to get potential investors equally excited about the concept of caution leveraging the hash tag #craefulgang. At Fund Wisdom we hope to provide insight and research to assist with the due diligence process to place long term investments in innovative financial technology and would love to <a href="/contact/">hear from you</a>.</p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2018-06-18T23:52:45+00:00">Mon, 06/18/2018 - 19:52</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a>, <a href="/tags/non-accredited" hreflang="en">Non Accredited</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Mon, 18 Jun 2018 23:52:45 +0000 Brian Thopsey 5733 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/craefulgang-blockone-closes-4-billion-ico#comments https://fundwisdom.com/article/brian-thopsey/craefulgang-blockone-closes-4-billion-ico#comments Top Funds in Blockchain Technology and Cryptocurrencies https://fundwisdom.com/article/brian-thopsey/top-funds-blockchain-technology-and-cryptocurrencies <span property="schema:name">Top Funds in Blockchain Technology and Cryptocurrencies</span> <div property="schema:text" class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Blockchain investing has emerged into the main stream making home run investment opportunities harder and harder to come by. We review some fund managers and founders that have begun to successfully apply the technology into various industries. We look to uncover the venture capitalists and angel investors that go deep in the technology and those that analysts that forecast the market. Our hope is to help uncover the offerings that mitigate the risk in adding to a portfolio.</p> <h3>Our view of Blockchain Technology</h3> <p>Blockchain solutions apply software built upon existing connected technology. A decentralized platform for value allocation &amp; accountability though a constantly growing ledger of accounting records organized in “blocks” of encrypted validation. The critical piece is that this ledger is decentralized, neither stored in a centralized location nor managed by a third party. The blockchain formation results in new transactions being added irreversibly and old transactions preserved forever; the open-source nature attests to the resilience and transparency of the technology.</p> <p>Block Geeks considers applications built on the framework <a href="https://blockgeeks.com/guides/dapps/">Dapps</a>:</p> <ul> <li>Open source applications allowing all changes to be governed by autonomy with a code based open for scrutiny by all and all changes decided by consensus.</li> <li>Decentralized all records of the applicants operations stored publicly.</li> <li>Incentivized validators of the blockchain are rewarded.</li> <li>Protocol the application community must agree on a cryptographic algorithm to show proof of value.</li> </ul> <p>Blockchain is evolving as a new way to form businesses and organizations where participants are able to claim rewards based upon the power of the network created.</p> <h3>Our Views on Cryptocurrency</h3> <p>Cryptocurrency is a digital currency backed by a secured network; the cryptographic currency can be bought, sold, and traded similar to shares in a company in exchange for ownership, other cryptocurrencies, fiat currencies or goods and services.</p> <p>A crypto-currency token represents a programmable currency unit secured to a blockchain via the smart contract; smart contracts are programs that execute precisely as they are designed enforcing a relationship between members within a cryptographic code. A part of a “smart contract” lucidity protocol which tracks, verifies, and reaches consensus within a member composed data ecosystem in the context of a specific software request. Or in other words the blockchain is a digital storage of consensus truth. Smart contracts don’t simply layout the ground rules and penalties around an agreement but they also automatically enforce them.</p> <p>Let’s consider the existing trading infrastructure and high demand. Blockchain technology innovation is rapidly proliferating across all industries and fund manager classes. The technology is playing an impressive role in both front office and investment functions such as in the securing of crypto assets.</p> <p>It’s advisable that anyone do their own research and get a better understanding of how tokens are regulated, how smart contracts can protect digital assets, and how to add these funds or assets to create a successful portfolio. We look forward to <a href="/contact">connecting with others to help in this effort. </a></p> <h3>Top Blockchain Fund Managers</h3> <p style="margin:0in 0in 8pt">To understand performance we must pull market data. At Fund Wisdom we look to provide a list of <a href="/investors/analytics">analytics offerings</a> to perform this analysis. We have also been <a href="/investors/crypto">pulling cryptocurrency pricing data from the Coinbase API</a>, but there are others like GDAX, Kraken, BitStamp, and Gemini. HFR Blockchain and HFR Cryptocurrency indexes were launched at a public audience in 2017. Both indexes track managers invested in Bitcoin, Ethereum, and other cryptocurrencies.</p> <p>Below are the venture firms and angels focused on blockchain and cryptocurrency. This list was built by Bob Lee via a <a href="https://medium.com/bleecoin/top-cryptocurrency-venture-capital-firms-3da1720202ad">Medium Post</a>. We will look to shortly add a detailed analysis of these funds.</p> <ul> <li><a href="https://www.fbg.capital/">FBG Capital</a> – Private Investment Company based out of China. The company operates in the asset management industry. FBG Capital is a digital asset management firm in blockchain based capital markets. @FBGCapital.</li> <li><a href="http://fenbushi.vc/index_en.html">Fenbushi Capital</a> – Founded in 2015 Fenbushi Capital is the first China-based venture capital firm that exclusively invests in Blockchain enabled companies. The company’s mission is to accelerate the inevitable future of the Blockchain economy by supporting as many companies as possible. Though not a full time partner, Ethereum co-founder, Vitalik Buterin retains a role as an advisor in the company.</li> <li><a href="https://hyperchain.capital/">HyperChain Capital</a> – One of the first in the world, HyperChain is a digital asset management company based in Singapore. The company invests in blockcahin-based projects and decentralized projects. HyperChain’s philosophy is to do good, as an early participant and consultant to blockchain protocol projects and organizations that support innovative technologies.</li> <li><a href="http://blockchain.capital/">Blockchain Capital</a> – founded in 2013 Blockchain Capital based in San Francisco helps entrepreneurs build world class companies and projects based on blockchain technology. Blockchain Csapital claims to be one of the oldest and most active venture investors in the blockchain technology sector; financing 72 companies to date.</li> <li><a href="http://inblockchain.com/">InBlockChain</a> – One of China’s largest and most influential investment groups active in the Chinese blockchain space. Early investors in significant blockchain applications InBlockChain is among the largest global holders of Bitcoin.</li> <li><a href="https://www.hashed.com/">#HASHED</a> based in South Korea #HASED this leading crypto fund is accelerating the global enablement of blockchain through community building and impact investing.</li> <li><a href="https://www.bitmain.com/">Bitmain</a> – A privately-owned company headquartered in Beijing, China providing the world’s best ROI for any bitcoin miner. The company also operates Antpool (one of the largest bitcoin mining pools).</li> <li><a href="https://www.panteracapital.com/">Pantera Capital</a> – An investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, cryptocurrency, and crypto assets.</li> <li><a href="https://www.coinsilium.com/">Coinsilium Group</a> – Provides seed capital to developers for blockchain technology and fintech businesses. As stated on their website Coinsilium Group is a venture builder, investor and advisor, supporting early-stage blockchain technology companies and the digital token economy; they were the first global blockchain accelerator to IPO in 2015.</li> <li><a href="https://www.sequoiacap.com/">Sequoia Capital</a> – A high profile firm based in California mainly focusing on the tech industry. This top tier venture firm has made some inroads within the blockchain R&amp;D space.</li> </ul> <p>The next generation of hedge fund platform design is quickly moving towards harnessing the power of Blockchain technology, provide cutting-edge apps, while at the same time enabling ad hoc audits and real-time compliance enforcement and feedback protocols. </p> <p>Who do you think should be on this list? Let us know your thoughts in the comments below or feel free to <a href="/contact">Contact us  &gt;</a></p> </div> <span rel="schema:author"><span lang="" about="/users/brian-thopsey" typeof="schema:Person" property="schema:name" datatype="">Brian Thopsey</span></span> <span property="schema:dateCreated" content="2018-06-14T11:14:08+00:00">Thu, 06/14/2018 - 07:14</span> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div property="schema:about" class="field__item"><a href="/tags/blockchain-crypto" hreflang="en">Blockchain / Crypto</a>, <a href="/tags/non-accredited" hreflang="en">Non Accredited</a></div> </div> <div id="comment-section"> <div class="title-line"></div> <div id="comment-container"> <div> </div> </div> <div class="cleared"></div> </div> Thu, 14 Jun 2018 11:14:08 +0000 Brian Thopsey 5732 at https://fundwisdom.com https://fundwisdom.com/article/brian-thopsey/top-funds-blockchain-technology-and-cryptocurrencies#comments https://fundwisdom.com/article/brian-thopsey/top-funds-blockchain-technology-and-cryptocurrencies#comments