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Cryptosomniac | Learn about Cryptocurrencies & OTC Trading with Caleb and Brown

James Scott of Digichain Capital Interviews Dr. Prash, CEO & Jackson Zeng, COO – Caleb and Brown

The term ‘OTC trading’ continues to be shrouded in mystery for many in the Crypto ecosystem.
It conjures images of high volume whale traders, internal manipulation of the market by large orders, and something akin to an underworld of Crypto trading.

In reality, the OTC landscape is anything but. It is readily accessible to the everyday investor who can bypass the exchange process via an OTC broker.

In this video, Dr Prash, CEO and Jackson Zeng, COO of Caleb & Brown Cryptocurrency brokerage discuss with James Scott of Digichain Capital some of the finer points of the OTC world, striving to debunk the myths and clarify public expectation and understanding of what this terms means and involves.

Some key takeaways from the discussion:

  1. OTC trading simply means Crypto trades that don’t pass through the order books of an exchange, and instead involve the matching up of trades between buyers, sellers, and deep liquidity pools via a broker such that the trades don’t affect the global price points in any way.
  2. For the consumer, this means not having to incur the slippage they normally would suffer if buying off an exchange.
  3. Large volume trades in the millions of dollars still account for the majority of OTC volume. However, OTC brokers are making that market more readily accessible to the everyday investor.
  4. Total global trading volume passing through the OTC system is virtually impossible to define. However, as an approximation, the Van Eck ETF application surveyed 7 of the largest OTC desks in the world and concluded that half of all global trading volume passed through the OTC space.

Benefits of using an OTC brokerage over an exchange:

  1. Consistent access to a personal broker who acts as a guide through the investment process.
  2. Access to an analyst team providing consistent market information and updates.
  3. Spot pricing rather than enduring slippage.
  4. The ability to instantly lock in a price point rather than waiting for funds to be deposited onto an exchange.
  5. Ability to invest not just as an individual but as a corporate entity, trust, or superannuation fund.
  6. In addition, having access to an in-house accountant to set up more efficient structures through which to establish and hold your Crypto investment

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

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Financial Advisors Loading Up On Bitcoin | Micky.com.au

Originally featured on Micky.com.au

Australia’s largest cryptocurrency brokerage service says financial advisors around the world are investing in Bitcoin, but can’t advise their clients to do the same.

Dr Prash, the CEO and Founder of Caleb and Brown, told Micky that dozens of advisors have used his service to buy hundreds of thousands of dollars worth of digital assets.

“These are wealth managers, who have their own personal cryptocurrency portfolios,” Dr Prash said.

“They see value in it … I’ve dealt with five or six of them personally already.”

International interest

Dr Prash says the majority of financial advisors contacting his staff are from overseas.

“The Australian market is still a bit behind in crypto terms,” he said.

“About 50 per cent of our clients are international – predominantly American – and the Americans are definitely a bit more ahead of the curve.”

Interestingly, while financial investors are taking the plunge into digital assets, regulation prevents them from telling their clients to do the same.

“They can direct their clients to us as a resource, but they can’t technically advise their clients (to buy) crypto. So it’s still very much a grey area. Their hands are tied.”

Will regulation change?

Dr Prash says financial advisors may be able to advise their clients to purchase digital assets once there is greater clarity from regulators.

“The fact that regulators have been ‘umming and ahhing’ and not giving us anything concrete has been an issue,” he said.

“As soon as that becomes a bit more concrete, I think we will see mainstream players start to enter the market. That’s where the money is.

“At the moment, they’re afraid. They’re scared because there’s no consistency in the messaging from the top down. Once we get some consistency, once crypto becomes a regulated financial instrument, which it isn’t at the moment, we will see the financial incumbents being able to invest in it.”

Mr Prash pointed out that there is $70 trillion being held in funds for high net worth individuals and the current cryptocurrency market cap of around $100 billion is “coffee money” to them.

“We just need a bit more of their coffee money and I we will see another spike,” he said.

Bitcoin ETF

When asked about the potential of a Bitcoin Exchange Traded Fund, Dr Prash laughed and said: “I feel like we’ve been talking about this forever!”

He’s right.

There has been delay after delay by the Securities Exchange Commission (SEC) as it decides whether to approve an application for an ETF by investment firm VanEck.

“The interesting thing is the number of times there have been delays and no cancellations,” Dr Prash said.

“The one true hope this gives me is that …. a lot of this is designed for those mainstream investors to get their ducks in a row before that next bull run gets started.”

(It’s not the first time somebody has drawn that conclusion, with Micky reporting one well known investor’s “Great Cryptcurrency Conspiracy” earlier this year.)

“There’s nothing to prove that, but if there’s anything we’ve learned from past financial history is that these guys are much smarter than we perhaps give them credit for,” Dr Prash said.

“They’re not ignoring the crypto market. They see a market that got away from them before they had a chance to capitalise on it and they – by way of having influence over regulation – have power over this market in ways we don’t know that they do.”

Bakkt

Dr Prash says Bitcoin futures exchange Bakkt is good for the cryptocurrency community.

“We forget that the rest of the world doesn’t understand the intricacies of the highly technical cryptocurrency field,” he said.

“But something like what Bakkt is offering is something akin to what the traditional financial investor understands. It gives them a way into the market.”

Will prices ever recover?

“Absolutely,” Dr Prash said.

“I think we’ll see a few more cycles like this. While the market cap is still small, we will continue to see that volatility. So I think the bounce back will be hard.

“There are some investors who’ve been holding out and holding out waiting out for a price point like this.”

Dr Prash said he can’t give a timeline, but expects the new bull run to be triggered by increased regulation.

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Call us on 1800 849 149 (AU) | (844) 494 6515 (US and International) or Contact Us to discuss further.

About Micky

Micky.com.au has been created for the Micky bulls.

A news, media and content company, we have a focus on the blockchain and cryptocurrency industries.

Our journalists scour the internet and regularly speak with contacts to find out the latest happenings within blockchain projects, whether they’re listed on CoinMarketCap or the ASX.

Micky also provides a platform for our network of clients to tell their stories to a new generation of savvy investors.

A revolution is underway. Micky is here to document that revolution.

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Top Cryptocurrencies of the Week | Crypto News Australia

Weekly segment featured on Crypto News Australia

Week: 8th Dec 2018

1. Bitcoin Analysis

Bitcoin: USD $3853 (as of 8 December 2018)

Last week, Bitcoin saw almost a 19% recovery since our weekly update, to test the resistance on the descending trend over the last 14 days. It appears steep short-term trend line have broken but bulls are struggling to keep levels above $4000. Market volatility likely to continue between a $4400 resistance and $3500 support. Short trader volume continues to climb, with Bitfinex margin volume leaning towards shorts by 37%.

2. Crypto in the News

This week crypto “in the news”is Tron (TRX). This week Tron (TRX) surged back into top 10 cryptocurrencies list overtaking Cardano (ADA) and Monero (XMR) on Coin Market Cap.

Tronover took Ethereum in Google searches, Daily Transactions and DApp users. This week also marks the launch of The Tron Accelerator Initiative. Aimed at empowering developers and bring about innovation in the blockchain industry, more specifically, using Tron’s third generation blockchain technology. Finally, the news emerged that Tron (TRX) will hit gigantic South-East Asia trading platform MBAex.

3. Caleb and Brown’s Most Traded Coin of the Week

Caleb and Brown has experienced strong buy action across the board. Apart from Bitcoin, our clients have shown increasing interest in DigiByte (DGB).

DigiByte (DGB) is a comparatively old community coin that emerged just prior to the 2014 bear market. The decentralised blockchainfocuses on cyber security, payments & secure communications. DGB claims to be the ‘fastest, longest, most decentralized & secure UTXO blockchain in the world’.

4. Best Performer of the Week

Waves (WAVES), a decentralised exchange platform for cryptocurrencies, is one of the few cryptocurrencies this week to see a positive price movement. The cryptocurrency experienced a 50% price increase throughout the past 7 days as trading activity increases steadily on their decentralised exchange.

Moreover, the project just announced an update for their WAVES mobile app which allows users to deposit, store, withdraw and trade their cryptocurrency directly via smartphone.

5. Caleb and Brown’s Pick of the Week

Bitcoin (BTC) still remains the pick of the week with a market dominance of 54%. Experts believe it will move up at the expense of altcoins.

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Call us on 1800 849 149 (AU) | (844) 494 6515 (US and International) or Contact Us to discuss further.

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Top Cryptocurrencies of the Week | Crypto News Australia

Weekly segment featured on Crypto News Australia

Week: 27th Nov 2018

1. Bitcoin Analysis

Bitcoin: USD $3660 (as of 27 November 2018)

Multiple support levels have been broken in the last two weeks of dramatic selloffs, falling past USD $6000, $5000, $4000, and $3800. Now trading at a brutal 38% below the 50-day moving average, BTC had a 15% dead-cat bounce off the USD $3500 level yesterday, attempting to bring levels back around USD $4000. The recovery didn’t achieve enough momentum, so BTC is falling back to yesterday’s lows towards USD $3500. While all technical indicators are screaming ‘oversold’, a rapid recovery is unlikely due to a prolonged11 month bear market. The next level to look for re-entry appears to be the 2017 resistance-turned-support level of USD $3000.

2. Crypto in the News

In these times of high volatility, and with daily Bitcoin price movements of up to 15%, all eyes are on Bitcoin. As the cryptocurrency is still considered the main market mover, the main point of speculation and news revolve around Bitcoin finding its bottom.

3. Caleb and Brown’s Most Traded Coin of the Week

As the market continues to make new yearly lows, Caleb and Brown is experiencing strong buy action, predominately in Bitcoin. As Bitcoin has now fallen over 80% from its all-time high, our clients view the current discount as a great opportunity to dollar-cost-average into Bitcoin.

4. Best Performer of the Week

Disagreements around Bitcoin Cash divided the community into two different camps, Bitcoin Cash ABC and Bitcoin Cash SV.

Whilst both cryptocurrencies have been trading significantly below the previous Bitcoin Cash price, Bitcoin Cash SV took especially big losses in terms of value and was trading over 90% lower than the previous Bitcoin Cash price just prior to the hard-fork.

However, over the last seven days, Bitcoin SV has increased in value by 85% and outperformed the top 100 cryptocurrencies on the short term.

5. Caleb and Brown’s Pick of the Week

With Bitcoin continuing its downtrend and approaching its next support level, we are looking to be averaging into Bitcoin incrementally around the USD $3000 level.

An alternative cryptocurrency we consider attractive is Nexo. The Nexo platform offers fully crypto-backed instant loans, all backed by Credissimo – a leading European fin-tech group for over ten years. The platform is currently live and offers a real-life use case which to this day is a rarity in the crypto market.

The cryptocurrency experienced a strong bounce back and is one of the few top 100 cryptocurrencies that has been able to hold its value throughout the past week while the rest of the market has been in a downtrend.

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Call us on 1800 849 149 (AU) | (844) 494 6515 (US and International) or Contact Us to discuss further.

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Performance Summary of the ‘Top Cryptocurrencies of the Week’ on Coincast TV

For the full performance summary, please visit Coincast News

On season one of Coincast TV, Caleb and Brown featured in the ‘Top Cryptocurrencies of The Week’ segment over the course of 12 weeks.

Caleb and Brown ran a segment highlighting weekly spotlight investments, so how did it go?

Our strategy actually outperformed the market by +110.9%, despite there being a downturn in the market.

But what does this actually look like in dollar figures?

Say you put in $100,000 in week one and sold at the end of each week, you’d now be looking at nearly 190,000 in pocket change.

That’s a return of +89%, beating the industry benchmark by +110.9%. Not a bad result for just 12 weeks.

  • Caleb and Brown’s top cryptocurrencies of the week resulted in a profit of +89% over 12 weeks.
  • Outperforming the industry benchmark (Crypto20) by +110.9% – Crypto 20’s performance over the same period was down by -22%
  • Outperforming Bitcoin by +94.1% – Bitcoin’s perfromance over the same period was down by -5%)

With the volatility of the crypto market, was this just luck or clever choices?

I personally believe this space is not quite mature enough for SP500 market cap weighted index style portfolios. Portfolios containing altcoins need to be actively managed because of the volatility in market cycles. Jackson Zeng, COO Caleb and Brown.

Institutions have a firm hold of information flow before it reaches the public with traditional stock markets. The distributed nature of crypto means information goes straight to the public, which is where most of the capital comes from.

This means shorter news cycles and subsequently shorter market cycles. However, that’s not to say crypto is a “cash up quick” market. Like any market, there are no guarantees.

The full list of Caleb and Brown’s “Top Cryptocurrencies of The Week” over 12 weeks:

For the full performance summary, please visit Coincast News

Jackson Zeng is the COO at Caleb and Brown is available to guide new and seasoned investors.

About Jackson Zeng:
Jackson has five years of trading experience in the cryptocurrency space and founded Bit By Bit Capital, one of Australia’s first private trusts investing in cryptocurrency.

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Call Jackson Zeng on +61 1800 849 149  or Contact Us to discuss further.

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Custody Seen as Crypto’s Next Major Battleground

Report published by Waters Technology

Dr. Prash, CEO Caleb and Brown contributes to “Custody Seen as Crypto’s Next Major Battleground” By Wei-Shen Wong – Waters Technology.

 
Although institutional interest in cryptocurrency trading has grown, the development of the custody space, in particular, is crucial for its next phase of evolution.

Custody Seen as Crypto’s Next Major Battleground

To Prash Puspanathan, founder and CEO at Caleb and Brown, an Australian-based boutique consultancy firm providing cryptocurrency services, the two primary barriers that impede greater institutional investment are a lack of regulatory oversight and trust.

“It is the latter of these factors, trust, where technology can play a huge part in cementing. The lack of a comprehensive, secure and trusted custodial solution for digital assets which allows institutional investors who need to be considerably more risk-averse to be assured that their assets will not disappear off the balance sheet due to security factors out of their control needs to be addressed. And it is being addressed,” he says.

This is through the development of innovative solutions for secure custody from multi-signature wallets, to sharded private keys, to analog thumb-printing of hardware wallets, combined with secure vault storage.

“However, it is only when we achieve dependable underwriting of these assets that we will be able to justifiably state that a custodial solution worthy of institutional reputational risk exists,” Prash says.

The lack of a comprehensive, secure and trusted custodial solution for digital assets… needs to be addressed. And it is being addressed — Prash Puspanathan, Caleb & Brown.

Access the FULL REPORT – here

Dr. Prash is the CEO at Caleb and Brown is available to guide new and seasoned investors.

About Dr. Prash P:
Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

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Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.

Image source: Waters Technology

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Cryptocurrency Market Insights – Q3 2018

Report published by CoinJar

Dr. Prash, CEO Caleb and Brown contributes to Cryptocurrency Market Insights Q3 2018 brought to you by CoinJar.

 
Summary: The last quarter proved wild for short-term speculative investors with BTC at $8,356 on June 30 rising to $11,709 on July 25th and tumbling to $9,284 by September 30th. Based on those prices if you had held BTC for the quarter you would have seen gains of 11.10%. Comparatively, if you had entered the bull run in September 2017 at $6,581 returns would be in excess of 39%

Market Volume – What are your current estimates on AUD or Australia market volumes (inclusive of OTC)? What changes have you seen in the last 12 months?
This is a difficult approximation to make, as the OTC market is largely opaque. And this is particularly relevant as we are seeing a shift towards greater volume being put through the OTC desks in preference over exchanges. This is likely a combination of continuing fluctuating confidence in exchanges as well as the investing population calling out for a more secure and reliable process.

Price – What (if any) price indication are you currently providing clients?

Where do you view price direction for the next 3 v 12 months? Where do you think sentiment sits across the market (bullish or bearish)? 60-day price volatility on Bitcoin is down to just 4%, which we haven’t seen for two years, since October 2016. Significantly lower than the 42% peak in February this year.

Volatility – How do you view market volatility at present? How would you compare that to 12 months ago?

Bitcoin is very much a social phenomenon, which tends to be a trending topic as families and friends gather over the holidays in Q4 each year. As a 3 month estimate, we anticipate that there’s a good chance of reaching $7400 USD, while the 12-month price direction is less clear as general sentiment is still bearish.

OTC – How do you see this market currently? Who are the major participants? How has it changed in the last 12 months?

OTC changed from very crypto-savvy people who used OTC to achieve better pricing and access to liquidity to a range of demographics who are now using OTC for better customer service and assurance around exit strategies.

Industry – How do you see the next 12 months within the industry?

What trends are you noticing in particular around products & application development? What’s your personal sentiment on this space? We are anticipating that a lot of the pain points in the industry will start to get solved, particularly around custody, and that will subsequently enable further developments in the regulated financial sectors.

Business & Products – How has your business changed in the last 12 months? I.e. have you introduced specific new products or changes to current products, how much was that influenced by the market?

We have seen extraordinary client number growth, including a large number of international clients. A key service offering we are seeing greater demand for us is Crypto Tax Consultancy due to greater recognition of the need to be compliant with the ATO’s directions on Crypto trades as Capital Gain events.

Download the FULL REPORT – here

Dr. Prash is the CEO at Caleb and Brown is available to guide new and seasoned investors.

About Dr. Prash P:
Prash is considered a thought leader in the philosophical and existential implications of this emerging technology and is a regular speaker at industry conferences.

connect with us

Call Dr. Prash on +61 1800 849 149  or Contact Us to discuss further.

Image source: CoinJar

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Top Cryptocurrencies Performance Summary – Coincast TV | Episode 1 – 11

Originally published in Multiplier Crypto Business News

Over the past 11 Weeks (Week 12, Season Finale is let to be aired at the time of this report), Caleb and Brown have been providing their trading insights and expertise to Coincast TV as a part of – Top cryptocurrencies of the week.

Through our experience in crypto assets management, we decided to pick what we thought were the best buys of that week and put our money where our mouth is — on public television.

Reviewing the overall market performance, we have seen on a seven-day exist trading strategy we have seen an overall trading increase of 123 percent across nine trades.

What is most interesting is that this has not just outperformed the market but has broken the bearish trend which has been seen across the crypto market. The global crypto market has slid by US$45 billion during the same period resulting in an 18 percent decrease in performance across the board and a 21 percent decrease across the top 20 coins.

When looking across all trades, it is worth recognising the worst performing trade was ETH which saw a decrease of 15 percent over the week since spotlight by Coincast TV.

What we have seen is that the worst performing trade was still above the global market average.

In other words, it wasn’t one trade which outperformed the market, but every trade with risk considered in the trading strategy along upside.

With a 131 percent above-market performance, we hope to demonstrate Caleb and Brown, with over 30 years in combined crypto trading have the expertise and strategies to buck the trend.

Caleb and Brown’s Spotlight Cryptocurrencies

Performance Overview:

 

How did we do compare to Global Index?

Note: Information as of 18 October 2018.
Disclaimer: The information herein is not intended as legal, financial or investment advice and should not be construed or relied on as such. No material contained herein should be construed or relied upon as providing recommendations in relation to any legal or financial product.

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

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Image source: Coincast News and Multiplier – Crypto Business News

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Why Bitcoin and Crypto Have No Future

Originally published in Think Outside the Blox, Medium

Why Bitcoin and Crypto Have No Future

A popular post on social media over the past week lists out some of the major events/announcements in Crypto space. Taking a light-hearted sarcastic jab at the naysayers.

And, Here We Go!

  • when the NYSE is creating the cryptocurrency trading platform Bakkt in collaboration with Microsoft and Starbucks with physically backed Bitcoin futures contracts.
  • when Fidelity is offering it to its clients and has been mining it since 2015.
  • when Steve Wozniak is co-founding a cryptoasset investment firm.
  • when Katy Perry IG’d this!

  • when Brendan Eich, creator of JavaScript and Mozilla, started Brave Browser with a built-in ad-blocker and Basic Attention Token (BAT) to reward content creators.
  • when Amazon Web Services partnered with QTUM.
  • when the Bill & Melinda Gates Foundation is utilizing Ripple’s interledger protocol to help with payment services for the financially impoverished and unbanked.
  • when IBM is partnering with Stellar Lumens (XLM) for cross-border payment solutions.
  • when Jamie Dimon, tells all that it Bitcoin is a “fraud” and that if he catches any employees who own it he would fire them, while in the background JP Morgan and Morgan Stanley bought Bitcoin ETNs on the dip.
  • when the MLB is launching a crypto-based game on the blockchain using the ERC-721 standard for non-fungible tokens.

  • when George Soros initially bashed cryptocurrencies, only to later buy a stack of Bitcoin at the $6k low.
  • when Alibaba and IBM have the most blockchain patents in the world.
  • when Yale’s endowment invested $400 million in cyptoasset funds.
  • when the Winklevoss twins took $11 million of their Facebook money and put it into Bitcoin in 2013 when it was $120 each.

Should I go on?

Yeah. This has no future.

Accumulate, HODL, and think outside the blox!

Whether you are new to the market, or a seasoned trader, Caleb & Brown can help to realise your goals. Call us on +61 1800 849 149  or Contact Us to discuss further.

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