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TradersEXPO, New York | OptionsGeek’s Founder, Felix Frey, to Speak

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TradersEXPO New York

TradersEXPO New York

NEW YORK CITY, Mar. 1, 2019/   – OptionsGeek is pleased to announce that founder Felix Frey will speak at TradersEXPO New York March 10 – 12, 2019 | New York Hilton Midtown.

Felix, a Wharton graduate with a 20+ year Wall Street career will discuss “The Options Secret Used by the Top 1% to Gain Edge” on Monday, Mar. between 11, 3:30 PM – 4:15 PM EST. He’ll clarify the confusion in the options industry and reveals why most investors are at an insurmountable disadvantage.

We asked Felix what investors can expect to gain from his presentation, he responded, “Knowledge.”

“Knowledge is power. In this game, there’s a fine line between actually knowing what you’re doing and guessing.  Most people are guessing, which leads them to guaranteed losses. Now, think about what role the OIC plays in the whole game. Answer that and you get close to the secret.”   

Felix will be in good company at the TradersEXPO with fellow speakers John Bollinger, Jon Najarian, Amelia Bordeau, Mike Denver, and so many more. For 20 years, the TradersEXPO has offered the best education beginner, experienced, and advanced traders can get and this year looks set to be even better. For the 20th anniversary of the event you can expect to find innovative new products and strategies, expertise on all areas of trading, and incredible networking opportunities.

Can’t make it to New York? You can register to watch Felix speak via this link: https://conferences.moneyshow.com/tradersexpo-new-york//live-stream/registration/?email=&scode=047358

About MoneyShow

MoneyShow – Invest Smarter, Trade Wiser is the largest global network of investment and trading expert education. The privately held financial media company was founded in 1981 and is headquartered in Sarasota, Florida, USA. Each year, MoneyShow’s roster of live and online events attract more than 70,000 investors, traders, and financial advisors who gather with top market experts in dynamic, face-to-face and online learning forums worldwide. For more information, visit www.moneyshow.com Facebook: Follow MoneyShow Twitter: @MoneyShows Instagram: @MoneyShows LinkedIn: MoneyShow

About Felix

Felix Frey is a Wharton graduate with an accomplished 20+ year Wall Street career. He’s worked on derivative desks at Swiss Bank O’Connor and Bank of America, where he advised top investment managers on the risk and rewards of options. At Bank of America, Felix also risk-managed a billion dollar options portfolio providing liquidity to top clients. In 2007, he joined Scoggin Capital Management and spent almost a decade sitting next to two of the most successful money managers over the last 30 years. Currently, Felix is the founder of OptionsGeek, an options educational platform that offers a new and improved options chain, institutional quality trading ideas, and some of the best Options Education on the market.

About OptionsGeek LLC

OptionsGeek LLC offers a complete options training platform offering students and traders the options tool required to succeed, quality trading ideas to profit, and the best options education that ties it all together. OptionsGeek introduces brand new concepts and a more exciting delivery for all investors interested in better managing their risk and increasing their reward.

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IBM Hints at Entering the Stablecoin Arena

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IBM

IBM

Jesse Lund, head of blockchain solutions at IBM, has just hinted that the tech company has plans to explore stablecoins in an interview with Cheddar yesterday. Lund did not disclose when this venture may debut but said it would be on its World-Wire platform.

IBM and Stablecoins

IBM began its venture with Stellar in late-2017 and finalized most of its plans in mid-2018. Stellar is an open-sourced, decentralized protocol that focuses on transfers between fiat currency and digital currency.

Lund told Cheddar that US banks are “very interested” in using stablecoins to send cross-border to replace the current SWIFT system. The reason banks are interested in stablecoins over other forms of digital currency is that stablecoins are linked 1:1 to fiat currencies making them more ‘stable’.

“We’re really feeling excited that we’re on a roll to build something new and revolutionary that’s really going to change the landscape of cross-border payments,” Lund explained.

IBM feels the market demand for stablecoins has risen, despite the copious amount of similar coins that have flooded the market as of late. Lund hinted that IBM hopes to create an ecosystem of various digital assets, with many different types of digital assets—including stablecoins.

>> RAID Project: Bittrex Cancels RAID IEO Hours Before Launch

Cheddar asked Lund how the company’s alleged stablecoin compared to the one that JPMorgan just released. The IBM exec said that the company’s solution to cross-border transactions would be “somewhere in between.” Lund claims that this new venture would not be a proprietary coin like JPM coin but feels the major US bank is doing what’s best for them. The bank’s stablecoin will only be used with clients of JPMorgan.

IBM feels its stablecoin should be more broadly accessible and World-Wire seeks to do just that. When this project will be released is still up in the air, but the recent interview proves it is just around the corner.

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Wuabit Service Means Users Can Send Crypto through WhatsApp

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Wuabit

According to Medium, Bitcoin and other cryptocurrencies will be able to be sent through the WhatsApp messaging service. A new crypto wallet service developed by Wuabit will mean the sending of crypto via WhatsApp.

Wuabit

The Wuabit service will give users access to their tokens through WhatsApp. In essence, the wallet will appear linked to WhatsApp and is capable of all the regular wallet functions. This includes sending, receiving, and trading crypto assets.

According to Wuabit, it is a “cryptocurrency wallet accessible via a chat interface.”

The Wuabit team is planning on bringing the service to other messaging platforms Facebook Messenger, Telegram, and Viber. According to Medium, the service will be smart, implementing AI to enable users to type statements telling it to send crypto. This means it is accessible to those who aren’t tech-savvy and want a convenient and simple way to deal in crypto. The overall aim of the service is to help the mass adoption of cryptocurrencies.

At present, the service supports Bitcoin (BTC). But Wuabit has said it may integrate Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum (ETH) in the coming months. A public beta will launch next month.

>> LVMH Blockchain: Louis Vuitton on the Blockchain?

Social Media and Crypto

This is not the first time a social media company or messaging service has thought to integrate with cryptocurrency. Facebook is the biggest social media giant said to be entering the space. Though unclarified, reports suggest it is creating its own cryptocurrency.

According to a New York Times report posted last month, Facebook is working on its own digital currency to be integrated into its messaging services. However, Bloomberg has suggested that the tech giant is developing a stablecoin. What are your thoughts? Would you use the Wuabit service to send crypto through WhatsApp?

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Blockchain and Its Impact on Communications and Beyond

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blockchain

blockchain

When people see blockchain, the first thing they probably think of is cryptocurrencies and Bitcoin. No doubt blockchain has been thrust into the limelight by the unprecedented popularity of Bitcoin and the universe of cryptocurrencies, but blockchain is more than just a technology used in transactions.

Blockchain, simply put, is a distributed ledger of digital transactions whose records cannot be altered or destroyed, thus making them safe and secure. The closest analogy is that of transactions that people can see in their bank statement. Each transaction makes up a block in the chain.

The technology not only has its uses in validating cryptocurrency mining but can also be used in other areas as well, as people are newly discovering every day.

Communications is one area where this technology is creating a transformation. The main feature of blockchain that makes it such a revolutionary technology is the security ingrained in it. Communications, whether it be between individuals or organizations, can be easily leaked or hacked and when we use the term ‘communications’ it also encompasses communications that have financial implications, such as the transfer of funds.

>> The SEC Guidelines are HERE! Release of Crypto Token Guidance

Blockchain ensures that communications are completely secure. In fact, private messaging apps are being created on blockchain technology, so that organizations can communicate privately with their customers and other stakeholders. Blockchain ensures that messages cannot go astray. At the same time, the content of the messages does not get recorded in the ledger system.

One challenge in the world of communications is that entities use various platforms and some platforms are not available to everyone. Blockchain helps in instances like this by providing users authentication tokens. These authentication tokens can be used to display the conversation to everyone irrespective of the messaging application they are using. Their identities are validated with the tokens.

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Amy Castor, Crypto Expert, Talks QuadrigaCX at MPWR Summit

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MPWR

MPWR

The MPWR crypto mining summit 2019 is already in full swing. Held at the Pan Pacific Hotel, Vancouver, the summit aims to bring blockchain enthusiasts together. With a host of informative talks and networking opportunities, the overarching goal is to showcase and develop blockchain infrastructure.

What’s caught our eye, in particular, is a talk to be given by crypto writer and expert, Amy Castor. Talking about the very recent QuadrigaCX scandal, Castor will give her thoughts on the polarizing issue that the controversy has brought to the fore.

Amy Castor at MPWR Crypto Mining Summit 2019

Since news of the QuadrigaCX scandal broke, Castor has closely followed the subsequent events as they unfold. A self-proclaimed Quadriga-obsessed writer, the Cambridge, MA-based journalist has not only written about the crypto exchange’s insolvency for multiple publications (including The BlockBitcoin MagazineCoinDesk, and Forbes), but she also has first-hand experience of Quadriga’s hearing in Halifax where she watched from the pews.

As such, her talk at MPWR should be informative and real as she aims to give exclusive coverage of QuadrigaCX.

Attendees to MPWR should be sure to check out her talk between 4:15-4:45 pm later today.

QuadrigaCX: What Happened?

For those not in the know, earlier this year, QuadrigaCX faced one of the most intriguing controversies to have hit the cryptosphere in some time.

In December 2018, the founder of Canada’s largest crypto exchange, Gerald Cotton, passed away when on a trip to India. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline. Because of this, the company itself has been unable to access the coins.

>> SIX Stock Exchange Adds XRP to Latest ETP Project

Of course, how this transpires for the 115,000 QuadrigaCX users is that their cryptocurrency is now, in effect, lost.

Unable to pay the balance back to its traders, the company has filed for creditor protection as it works to try and retrieve the missing funds.

Amy Castor at MPWR

That’s only a brief recount of what happened. Castor should take you far more in-depth to what’s going on with QuadrigaCX and the developments surrounding the story.

So be sure to check out her talk and let us know what you think!

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Bitcoin Price is in the Green but EOS is Today’s Real Winner

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Bitcoin price

Bitcoin price

The cryptocurrency top ten are in the green! Well, eight of them are at least. According to CoinMarketCap, the total cryptocurrency market cap today is $182,807,737,820.

As usual, when Bitcoin price is in the green, the rest of the market tends to be too. At the time of writing, Bitcoin is showing gains of a respectable 1.13%—a continued increase from a bull run now lasting over a week. Further down the chart, EOS is running away with a 6.84% increase.

What has Bitcoin in the green as of late? The entire market is bullish so let’s check out why this is.

Bitcoin Price

At the time of writing, Bitcoin price is $5,285.08 USD, up 1.29% at the time of writing. Bitcoin has been on a bull run since April 2nd and not only has maintained the high but has continued to steadily increase.

Over the course of a few hours on April 2nd, Bitcoin jumped from approximately $4,110 to $4,800. Now it has hit a current high of over $5,285. The rally has extended throughout the market with other coins also showing massive growth. For example, Litecoin gained over 50% and Bitcoin Cash roughly 80% in the same period.

Bitcoin Price: Why the Jump?

Two theories have emerged as to what caused Bitcoin to suddenly jump. The first is that $100 million worth of BTC was bought across exchanges Coinbase, Kraken, and Bitstamp by one person. A sudden pump of money into the market spurred on further bullish sentiment, and the gains have continued.

>> How Cryptocurrency Traders Benefit from Blockchain Technology

Another theory is that because Bitcoin mining rewards will “half” in May of 2020, interest to buy BTC has sparked. The idea is to accumulate it now for the future when Bitcoin will be harder to mine and therefore become more scarce. As with any product, when it becomes more scarce, it becomes even more valuable. When mining rewards do halve in 2020, Bitcoin price can be expected to jump.

So far in Bitcoin’s history ‘Halving’ has occurred twice–once in 2012 and once in 2016.

What do you think? Do you have you a theory for the recent bull run?

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Crypto News | SEC Rules ETH NOT Security; Binance Adds XRP

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crypto news

crypto news

The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app.

Let’s get into it!

Jay Clayton Rules ETH a “Non-Security”

When investors began taking notice of digital currencies in mid-2017, the US Securities and Exchange Commission started researching and commenting on the industry too. The SEC’s main purpose is to protect investors, facilitate capital formation, and maintain fair, efficient, and orderly markets. Jay Claton, the SEC’s Commissioner, hasn’t been shy in voicing his view of digital currencies from the start.

The SEC was mostly concerned with Initial Coin Offerings (ICOs) and made definitive decisions on whether coins offered in this fundraising method were subject to SEC rules and considered an official ‘security.’ Now it seems the official consensus of the SEC regarding other digital currencies was released on March 7th, when Clayton addressed US Representative Tedd Budd in a statement.

In the official statement, Clayton confirms that ETH and cryptocurrencies like it aren’t securities under US law. This is a win for the cryptocurrency community, but this news is not completely surprising, considering Clayton has held a similar stance for years.

>> Amy Castor, Crypto Expert, Talks QuadrigaCX at MPWR Summit

Binance Wallet Adds XRP and Credit Card Purchase Support

Another piece of large crypto news released today surrounds Binance, the world’s most popular cryptocurrency exchange by 24-hour trade volume.

Trust Wallet, the official wallet of the crypto exchange, has just added support for credit card purchases and XRP. Last July, Binance acquired Trust Wallet in the company’s first public acquisition. Currently, the Trust Wallet supports BTC, ETH, LTC, XRP, and BCH. Binance’s main wallet also holds support for any ERC20, ERC223, and ERC721 tokens.

Users can now use their credit card on the Trust Wallet app to buy digital currencies. Adding this feature now makes it easier for investors to purchase and use digital currencies.

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Bakkt Hires PayPal and Google Veteran as Chief Product Officer

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Bakkt

Bakkt

Bitcoin futures exchange Bakkt has a new chief product officer. Announced via Medium earlier today, the exchange has added Mike Blandina to its team.

Bakkt Hires New CPO

In previous years, Blandina has worked at PayPal where he served as head of payments and credit engineering. He has also been director of engineering for Google Wallet.

In most recent years, Blandina was chief technology officer and product and engineering at OneMarket. CEO of Bakkt Kelly Loeffler wrote in the blog post:

“As our CPO, Mike will lead our efforts to converge a trusted ecosystem for digital assets with payments use cases, two elements of Bakkt that help bring real-world applications to bitcoin and other cryptocurrencies.”

Development

Bakkt is still awaiting regulatory approval in order to launch. It has faced multiple delays already with the initial launch expected back in November. However, in Loeffler’s posting, she said that “race day is approaching.” This comment has led some to wonder if the team has more clarity on its regulatory situation that it has yet to disclose.

She wrote further:

“As a former marathoner, this point in time recalls the stage in the training regimen when you’re putting in long runs with your training team […] there is more work to be done […] I’m proud to be going the distance with this growing team and of the culture we are building, while bringing digital assets into the mainstream economy.”

What is Bakkt?

Bakkt wants to offer a federally regulated market for Bitcoin, transforming Bitcoin into a trusted global currency with broad usage.

>> Coinbase Card: Now You Can Spend Your Crypto Instantly

Its main goal is to make Bitcoin a secure offering for the biggest global financial institutions that currently shun it. Bakkt is looking to create a path for these major money managers to offer Bitcoin pension funds, mutual funds, and ETFs as highly regulated, mainstream investments.

Approval

As stated, Bakkt is still waiting on approval from the US Commodity Futures Trading Commission (CFTC) to list its Bitcoin futures contract. One major consideration for the CFTC is that Bakkt’s proposal would see it warehousing its own Bitcoin. This may be one cause for delay.

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Coinbase Executive Leaves | 3 Major Departures in 6 Months

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Coinbase executive

Coinbase executive

According to reports, Coinbase executive Dan Romero is stepping away from his role as vice president of international business. His departure will bring the number of executives to leave the company in the last six months to three.

Another Coinbase Executive Leaves

Romero announced in a Medium post earlier today that he will be leaving the crypto exchange at the end of April. He joined Coinbase in April 2014.

The Coinbase executive didn’t give a specific reason for his departure but simply said he was “planning to take some time to figure out what’s next.” And further:

“Staying true to a mission often requires doing hard (or even unpopular) things. But I’ve been lucky to learn first-hand that it’s those hard things that often generate the most value.”

In the five years he has been with Coinbase, Romero has seen the staff grow to over 700, from its earlier-days headcount of only 20.

What’s Going On?

Coinbase is one of the world’s largest and most popular cryptocurrency exchanges. It raised over $300 million in 2018 and has a current valuation of $8 billion. Despite its rockstar status, there have been an unusual amount of departures in recent times—as stated, Romero is the third Coinbase executive to leave in six months.

Its director of institutional sales, Christine Sandler, left the firm two weeks ago. She opted for a role with Fidelity Investments, one of the world’s largest financial services providers. Then, in earlier 2019, Soups Ranjan, director of data science and risk, left, as did senior compliance manager Vaishali Mehta.

Further, it’s estimated that around nine other senior or mid-level employees have left since its October fundraiser.

>> Harvard University Purchases Blockstack’s Crypto Tokens

Best Places to Work?

The news is somewhat ironic considering Coinbase recently made LinkedIn’s top 50 US places to work list. Hitting the list at number 35, the firm beat out financial players such as JP Morgan. It was also the only cryptocurrency relative company to feature on the list.

Do you think there’s an issue that caused this Coinbase executive to leave? Or is it a simple case of bad timing?

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Weiss Cryptocurrency Ratings Places XRP, EOS, BTC, and BNB on Top

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Weiss Cryptocurrency Ratings

Weiss Cryptocurrency Ratings

Weiss Cryptocurrency Ratings released its March 2019 “Weiss Cryptocurrency Outlook” report, with Ripple (XRP), EOS, Bitcoin (BTC), and Binance Coin (BNB) receiving the top four spots on the list of 122 cryptocurrencies. Weiss Ratings is the world’s only financial rating agency that provides grades on cryptocurrencies.

The report, which is called “Dark Shadows with a Bright Future,” examines the cryptocurrencies available on the market using two factors—the tech/adoption grade for long-term investors and the risk/reward grade based on short-term factors.

Of the 122 cryptocurrencies examined in the report, XRP, EOS, Bitcoin, and Binance Coin were given an overall B- rating, while none received an A rating, which is considered excellent.

Remarkable Growth in the Cryptocurrency Space

Authors Martin Weiss and chief cryptocurrency analyst, Juan Villaverde, start the report by noting that despite a sharp decline in the price of cryptocurrencies, “the industry’s network capacity and security have improved dramatically and underlying technology has evolved with new, more efficient ways to create digital assets.”

What’s more, leading cryptocurrencies are seeing three times more volume in user (on-chain) transactions than they did in early 2018. These improved fundamentals and lower prices offer new opportunities for investors, although this is dependent on whether or not they can “afford the risk, avoid the worst and invest in the best.”

Cryptocurrency Market Still Risky

Despite improvements to cryptocurrency fundamentals, the Weiss Cryptocurrency Ratings report authors still advise investors who cannot afford to lose money to be wary in the near term.

“Investors who cannot afford to lose money, the recent market declines and doldrums imply high risk and uncertain rewards. Crypto market liquidity is very thin. Trading comes in spurts. Relatively small infusions of new buying cause sudden price rallies. Equally small bouts of selling cause unexpected market crashes,” said the report.

>> Wuabit Service Means Users Can Send Crypto through WhatsApp

Cryptocurrency Trends to Watch

In the report, Weiss and Villaverde identified trends in the cryptocurrency space that investors should keep in mind. These trends include changes to the way cryptocurrencies are secured and some cryptocurrencies moving away from blockchain entirely, as well as killer dApps like decentralized, crypto-based social media, peer-to-peer lending, and fair and secure elections playing the biggest role in determining the future winners.

What do you think will happen in the cryptocurrency space moving forward? Which cryptocurrency do you have your eye on?

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