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Important: Change of Banking Details

Caleb and Brown has changed banking details as of 22 August 2019.

To receive our new banking details, please contact your personal broker and specify the currency that you wish to deposit to receive the new banking instructions.

Any wires to previous bank details will not be received by us and will be returned to the sender.

Please note the following details

  •  We have now opened access to domestic wire deposits for our US clients to our Signature Bank account previously reserved for high value transactions
  • USD / AUD / EUR / GBP / CAD / NZD / etc. wire instructions are available upon request

 

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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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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Jackson Zeng No Comments

Market Update – 13 August 2019 – ‘Bullish on Bitcoin (and only Bitcoin)’

Bitcoin Price: $11,341 USD (13 August 2019 3:07pm AEST)

 

Dear valued clients,

The current environment presents a great opportunity for our clients to review their strategies and set out an actionable plan.

Please note this opinion piece is general in nature; each investor’s circumstances are different and you will need to tailor your plan to your own situation. This is not to be taken as financial advice.

I am greatly bullish on Bitcoin (and only Bitcoin) in the next 12-24 months, anticipating a higher likelihood of reasonable returns, as opposed to a lower likelihood of volatile returns. In this article I will discuss what we are seeing emerge in the Bitcoin and the altcoin markets in detail.

 
Key Points:

    • For those who have yet to fully allocate the bitcoin portion of their portfolio could consider looking for entry points between the current price and $9,000.
    • For those who have a large portfolio allocation in altcoins, consider moving into BTC to benefit from the reduced risk per reward ratio.
    • Note that those who have a cryptocurrency portfolio with no exposure to BTC will run the risk of seeing no returns in a rising crypto market if the price appreciation is fuelled by macroeconomic fear as opposed to high-risk VC bets.

Bitcoins Mid-Term trend seeking to breakout

 

Bitcoin in the greater economic environment (long term)

We have seen time and time again that when a nation experiences currency trouble, demand for bitcoin grows dramatically in those specific jurisdictions, often to the point of producing price premiums outpacing arbitrageurs. We are now heading into the first time in history when the following criteria have aligned.

  • Two largest economies in the world have begun weakening their currency.
  • US Dollar interest rate cut in July, and Wall Street anticipating more rate-cuts this year.
  • China responds by lowering the CNY.
  • Sufficient historical performance is available for asset managers to reference.
  •  Bitcoin is in Year 1 of its 4 year market cycle (recovery zone, heading into accumulation period).

While I anticipate a large flow of money into BTC, I think we’d be fooling ourselves to expect another 2017 Bubble. The previous bubble was fuelled by hope (or greed) and occurred in an environment of relatively great asset performance. I believe the next rally for bitcoin will be fuelled by a macroeconomic environment of fear.

If analysts project asset prices to perform poorly, the daring managers could allocate a portion into Bitcoin. Note that these will not be migrations into crypto but simply allocations of ~1% into BTC, used to chase back the projected corrections they are expecting in their main investments. This objective based investment means that once they achieve a certain return, they will sell to lock in the performance rather than hold Bitcoin long-term.

This nature of trading will encourage a more sustained appreciation in the price as opposed to the hugely volatile movements we saw in 2017.

Bitcoin’s short term trend

  • Short term bottom set at $9000 USD.
  • Regained bullish sentiment in both crypto-specific media and mainstream media.
  • The slowing momentum has yet to set a new short-term high, above the previous $13,000 level.
  • Possibility of an extended consolidation period between $12,000 and $9,000 if we don’t break out of the trending resistance.

Bitcoins Market Dominance – A Measure of Its % of total Market Cap

Altcoins

  • Altcoins have performed terribly over the past 3 months.
  • Bitcoin surge dominance from ~52% in April to 70% today (13 Aug 2019).
  • Likely to continue with the main Binance platform closing doors to US customers on the 12th of September (Binance US will open, however certainly with far fewer listings and I expect volumes to be dramatically lower too).
  • Particular coins that are likely to suffer will be those that are only listed on Binance.
  • Most headlines centre around Bitcoin as a macroeconomic hedge, therefore altcoins (which are more geared toward Venture Capitalists) are continuing to lose the interest of investors.
  • Looming recessions don’t treat start-ups well.

I hope that this analysis provides you with a greater understanding of the current market conditions and the events which happened last halving. Whilst we cannot predict the market, we hope that you have better information around the key levels were seeing to make better informed decisions.
 

Jackson Zeng

Jackson has over five years experience in Cryptocurrency Trading and founded one of the first managed Cryptocurrency Investment Trusts in Australia, Bit By Bit Capital. Jackson currently acts as COO for Caleb and Brown, CIO for Bit By Bit Capital and has featured frequently on Sky News, The Herald Sun, The Australian and other major News outlets as a leading expert on cryptocurrency analysis.

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Jackson Zeng No Comments

Market Update – 14 June 2019 – ‘The Litecoin Halving is Already Priced In’

Litecoin Price: $129.79 (14 June 2019 1:33 PM AEST)

 

Dear valued clients,

The Price of Litecoin has been steadily climbing in anticipation of the block reward halving projected for August 8th.

Block halvings are one of the most important fundamental indicators in Bitcoin and Litecoin, which also make them incredibly vital in pushing an agenda in the media.

 

Key Points:

      • We’re seeing a significant growth in media pushing the “price growth from block reward halving” agenda, and while it’s fundamentally correct, we believe the growth has already happened and it’s far too late to get into that now.
      • Strong Correlation emerging between the events in the last halving and today.

LTC/USD Key Levels

 

Historical Analysis 

In typical “buy the rumour sell the news” fashion, the price of Litecoin in 2015 surged 550% from the low of $1.22 to $7.93. Due to the lack of liquidity 4 years ago, we’re omitting the candle wicks for a more realistic representation of price movement. But 42 days before the halving, the price plummets 60% back down to $2.99 as the large LTC holders use the narrative and increased volume to exit their positions.The resulting price growth from the low of 2015 to halving date was +145%, ($1.22 to $2.99) a far more grounded result.

 

Comparative Assessment In 2015

  • Bubble Phase: +550% ($1.22 to $7.93)
  • Crash: -60% (42 days before halving)
  • Year low to “halving date” growth: 145%

In 2019

  • Bubble phase: +400% ($29 to $144 so far)
  • Potential Corrections:
    • -20% Corrections: ~$115
    • -37% Corrections: ~$90
    • -60% Corrections: ~$60 (Unlikely, the market is more resilient now than 2015)
  • Year low to “halving date” growth outcomes:
    • +100%: ~$60 (Unlikely, the market is more resilient now than 2015)
    • +200%: ~$90
    • +300%: ~$115

LTC/USD Key Levels

Potential Trading Strategies

Selling LTC into USD:

  • Remember that we are in the beginning of a crypto bull market, so plan your re-entry to avoid missing the market growth, with staggered re-entries at $115, $100, $90.

Selling LTC into BTC:

  • This action has a greater risk-to-return ratio than selling into USD, as the pre-halving dump risk on LTC is mitigated while at the same time, value can be captured if we continue the crypto bull run.
  • Those who want LTC in their long term portfolios can re-enter post-halving, support levels on LTCBTC: 0.013 and 0.011.
(These comments are general in nature and should not be construed as advice. This information is provided to you for educational purposes only)

LTC / USD Short Term Analysis

Key Observations for Short Term Traders

  • Pattern: Each short term rise (2 weeks) is followed by a correction below the previous short term high (Warning: Patterns do not always repeat).
  • Overbought on LTCUSD RSI.
  • Overbought on LTCBTC.
  • LTC tends to retrace closer to 50 EMA.

I hope that this analysis provides you with a greater understanding of the current market conditions and the events which happened last halving. Whilst we cannot predict the market, we hope that you have better information around the key levels were seeing to make better informed decisions.
 


Jackson Zeng

Jackson has over five years experience in Cryptocurrency Trading and founded one of the first managed Cryptocurrency Investment Trusts in Australia, Bit By Bit Capital. Jackson currently acts as COO for Caleb and Brown, CIO for Bit By Bit Capital and has featured frequently on Sky News, The Herald Sun, The Australian and other major News outlets as a leading expert on cryptocurrency analysis.

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Jackson Zeng No Comments

Market Update – 23 May 2019 – ‘10,000+ BTC Short Position’

Bitcoin Price: $7660 (23 May 2019 3:08pm)

 

Dear valued clients,

With Bitcoin sitting at $7660, we are well and truly into the next market cycle for Bitcoin.

It has been an enthusiastic month for the price of cryptocurrency. In this article I will break down some of the key indicators we have seen at Caleb and Brown.

Key Points:

    • Bitcoin’s Price has moved into a strong rally, primarily driven by short liquidations.
    • I between $7200 and $8300, these are the key levels to watch before we have solid indication of the next trend.

Key points indicating the movement of 10,000+ BTC Shorts

 

Reviewing the price movements this month, we saw a solid uptrend emerging from $5300, increasing steadily to $6000.

This was further fuelled by a large number of open shorts putting pressure on the buy side, this opened up the market from $6000 to $7200 USD on the 10th of May. From $7200 we saw a dramatic increase to over $8300 USD primarily driven by short covering.

A small correction on the 16th of May saw a massive sell-off of shorts. This indicated that one trader had an open 10,000+ BTC short position which was fuelling the rally prior. This one trader accounted for approximately 37% of the shorts on Bitfinex which appears to have been accumulated since April. We’ve analysed his losses to be in the range of $23M USD for betting against Bitcoin. From this major position close, long volume has since moved greater than shorts.

Following this on May 17th, we saw a rapid sell-off that triggered the price to fall to $6600 before quickly recovering to the $7200 range.

This past week shows that the near term support is at $7200, and short term resistance lies at $8300 which we’ve tested twice. With volatility so high, it’s likely we won’t stay within this support and resistance for long.
 


Jackson Zeng

Jackson has over five years experience in Cryptocurrency Trading and founded one of the first managed Cryptocurrency Investment Trusts in Australia, Bit By Bit Capital. Jackson currently acts as COO for Caleb and Brown, CIO for Bit By Bit Capital and has featured frequently on Sky News, The Herald Sun, The Australian and other major News outlets as a leading expert on cryptocurrency analysis.

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Jackson Zeng No Comments

Market Update – 01 May 2019 – ‘Tether Warning’

Bitcoin Price: $5285 (01 May 19 11:53pm)

 

Dear valued clients,

A lot has transpired this past week, it is important that you take the appropriate steps to ensure your portfolio reflects your risk appetite.

I will go over the important points below before getting into the market commentary.

 

Key Points:

  • New York Attorney General’s office has alleged that Bitfinex lost $850 million and subsequently used funds from Tether to secretly cover the shortfall.
  • Bitfinex issue a statement claiming the “lost” funds have been seized in various jurisdictions.
  • Tether lawyers confirm the USDT stablecoin is only about 74% backed by fiat equivalents as of April 30.
  • Overall bullish ‘Golden Cross’ emerged in the market but the risk in Tether(USDT) hasn’t affected the price.

The Key Points Affecting the Market at Current

 

Above is a snapshot of the stablecoin market on April 19. Among the Top 6 live stablecoins, Tether makes up an enormous 74% of the market cap, and captures a market share of the trading volume of 98%. An amount almost not worth comparing to the rest.

This means the potential collapse of Tether could cause an immense reduction in liquidity for Bitcoin and quite likely amplify the volatility potentially by orders of magnitude.

Top 6 Stablecoins Market Cap (USD)  MC % 24 Hour Volume 24H Vol % Pairings
Tether $2 B 74% $8 B 98% 400+
USD Coin $242 M 9% $45 M 1% 114
TrueUSD $203 M 7% $37 M 0% 150
Paxos Standard $118 M 4% $62 M 1% 74
DAI $95 M 3% $41 M 0% 77
Gemini Dollar $66 M 2% $3 M 0% 60

What should you do?

If you are currently holding USDT, I would urge you to immediately stop doing so and choose an alternative. There are a number of other Stablecoins on the market supported by a variety of major exchanges detailed above.

Alternatively, you may trade through an OTC desk or a Brokerage like Caleb & Brown, that conducts the transactions through fiat bank wires. While a 74% backed Tether will not collapse immediately, keeping funds in USDT is equivalent to paying $1 for $0.74. While the market price of USDT is roughly $0.99 at current, you don’t want to be the last one out the door.

Similarly, a loss of $850 million has placed a tremendous financial stress on Bitfinex so if you currently have assets held on Bitfinex, please get your cold-storage wallets set up and take your assets off the exchange.

If you need any assistance relating to this matter, please contact your broker to see if we can assist.
 

Jackson Zeng

Jackson has over five years experience in Cryptocurrency Trading and founded one of the first managed Cryptocurrency Investment Trusts in Australia, Bit By Bit Capital. Jackson currently acts as COO for Caleb and Brown, CIO for Bit By Bit Capital and has featured frequently on Sky News, The Herald Sun, The Australian and other major News outlets as a leading expert on cryptocurrency analysis.

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Jackson Zeng No Comments

Market Update – 02 April 2019 – ‘Bitcoin Enters Bull Market’

Bitcoin Price: $4683 (2 April 2019 5:07pm AEST)

 

Dear valued clients,

I’m sending out a critical price update as the markets are moving rapidly at the moment.
After a gruelling 4 confirmations on the 50 day SMA as support, we’re finally seeing a breakout, and it’s certainly a big one.

 

 

Starting from $4130 USD, the price soared all the way to $5100 USD. We’re currently seeing the largest end to end % gain in a 1 Day candle in the last twelve months.


50 day SMA has held 4 times, whilst the 200 day EMA has broken for the first time in 12 months

 

This could be the final confirmation of the $3200 USD bottom we’ve been waiting for, pointing to a bright road ahead for Bitcoin.

The price has rapidly broken through the 200 Day Simple Moving Average of $4600 USD, but we’re likely to retrace in the short term and test it as support or resistance depending on the retracement.

$4600 is our first price to watch in the short term. With an overbought RSI of 85, emotional buying could be risky at the moment, but now could be an excellent time to capitalise on some short term profits and continue to keep your eyes peeled for entry points.

 
Our key interpretations:

  • Bottom confirmed at $3200 USD
  • Any opportunity below $4200 USD now represents a great entry point
  • Price surge peaked at $5100 USD
  • Expecting closing retracement around $4600 USD
  • Looking out for potential support/resistance at 200 Day SMA of $4600 USD

Please remember this content is not intended as financial or investment advice and manage your risk accordingly,

Happy 5K Bitcoin!
 

Jackson Zeng

Jackson has over five years experience in Cryptocurrency Trading and founded one of the first managed Cryptocurrency Investment Trusts in Australia, Bit By Bit Capital. Jackson currently acts as COO for Caleb and Brown, CIO for Bit By Bit Capital and has featured frequently on Sky News, The Herald Sun, The Australian and other major News outlets as a leading expert on cryptocurrency analysis.

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
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Mainnets and Token Swaps – April 2019

Contact us immediately to ensure you secure a limited place!

 

3rd April 2019

Spectrum (SPT)

Token Burn

Spectrum is planning to burn 100M SPT.

https://medium.com/effect-ai/effect-ai-brings-artificial-intelligence-to-eos-main-net-ead7e68e09fa

 

11th April 2019 (or earlier)

Kore (KORE)

Fork

The fork is expected to occur in less than 30 days.

https://medium.com/@Waltonchain_EN/waltoncoin-wtc-exchange-list-2d211728086b

 

30th April 2019 (or earlier)

Walton Chain (WTC)

Main net token swap

This is expected to take place in mid to late April.

Note: DO NOT transfer your ERC20 WTC tokens to Waltonchain Wallets before the mainnet token swap.

https://twitter.com/NewKoreCoin/status/1104697677751627777

 

Effect.AI (EFX)

Migration to EOS Blockchain

The Effect Network will be migrating to the EOS Blockchain, which the project considers top be “a leading blockchain platform.”

https://spectrum-token.com/#roadmap

 

Your personal broker would be happy to discuss some of these projects. Contact them today!

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.

connect with us

 

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. This email contains confidential information intended only for the person named above and may be subject to legal privilege. If you are not the intended recipient, any disclosure, copying or use of this information is prohibited and you must destroy the original transmission and its contents. Caleb and Brown provides no guarantee that this communication is free of virus or that it has not been intercepted or interfered with. If you have received this email in error or have any other concerns regarding its transmission, please notify support@calebandbrown.com. Any views expressed within this communication are those of the individual sender. This communication should not be copied or disseminated without permission.s The information you provide will not be given to any third parties. If you need to request changes to any information you have provided, please contact us. The information will not be given to third parties unless we are compelled by law. Any personal information in this document must be handled in accordance with the Privacy Act 1988 (Cth).
Caleb & Brown No Comments

3 Keys to Crypto Mass Adoption

As featured on Crypto News – ‘3 Keys to Crypto Mass Adoption’

The nascent asset class of cryptocurrency has grown rapidly since the creation of Bitcoin. 10 years later, the industry made a great amount of progress towards a decentralised form of money in the form of exchange availability across the world, legal tender status in many jurisdictions, futures, and the accessibility of cold storage solutions.

However, one problem the cryptocurrency space continues to face is the debilitating damage of hacks of online exchanges. These hubs for crypto trade are especially prone to hacks because of the inherent risk of holding large amounts of assets in hot wallet solutions.

Below is a list of some of history’s largest cryptocurrency heists:

The hack on the Japan-based Coincheck exchange in early 2018 marked the largest breach of a digital cryptocurrency exchange platform since the Mt. Gox hack four years prior. This marked only the first of several additional security breaches throughout 2018. According to major hardware wallet manufacturer Ledger, over USD 850 million worth of cryptocurrency was stolen from online exchanges in 2018 alone – marking more than 50% of all stolen cryptocurrency since the technologies inception. When these cases are considered cumulatively, the losses exceeds USD 1.5 billion.

 

What does this mean for cryptocurrency?

We are being faced with an asset class that is growing at a rate faster than regulators and security experts can feasibly keep up with. But, this doesn’t mean progress is not being made at all. The support for cryptocurrency and blockchain legislation, and the promotion of secure crypto-related practices are becoming more prevalent than ever before.

For us at Caleb and Brown we believe the following three areas are the most important for the cryptocurrency space to bolster consumer confidence and increase societal adoption.

1. Regulation: A cryptocurrency exchange framework

Financial regulators must approach the cryptocurrency space with the same degree of monitoring and scrutiny to ensure the interests of the consumers and businesses are both protected. A standardised framework around the security, financial and auditing requirements needs to be developed by regulators. We’ve seen commendable developments from government agencies around anti-money laundering (AML) and know-your-client (KYC) laws, but other financial sector regulations appear to be lagging behind. Embedded within the cryptocurrency movement is an inherent scepticism of governments and the centralised control, in favour of individual control and liberty.

Unfortunately, to see a significant increase in societal adoption, the everyday investor must feel comfortable enough to invest in the space as well. Without an appropriate cryptocurrency exchange framework in every jurisdiction, bad actors may continue to operate and eventually fail due to misconduct. Ultimately, to achieve any sort of lasting, effective and timely change, the government will have to act rapidly to protect consumers – particularly from those who want to exploit widespread support for this technology.

2. Business security and accountability

Exchanges and businesses who operate in the Cryptocurrency space need to ensure security is their primary concern. In 2019, many have learned the hard way about the dangers associated with storing their private keys to cryptocurrency on a digital exchange. The hack of the New Zealand-based exchange, Cryptopia and the mysterious disappearance of private keys in the case of the Canadian exchange, QuadrigaX, exemplifies the risks of trusting a third party to take custody of your assets. Exchanges and businesses who operate in the space need to prioritise security and be held accountable for their customers compromised assets. In a new industry rife with proficient hackers, only businesses that operate with integrity and responsibility will survive and continue to provide value.

3. Consumer education

The final avenue is to improve personal and institutional education surrounding cryptocurrencies and safe handling practices. As it currently stands, educational resources within this space are more prevalent and accessible than ever.

First and foremost, truly understanding the risk and volatility of an infant marketplace such as this is an important, and oftentimes painful, learning curve. You must ensure you are aware and confident in the security and custody standards of your preferred exchange service, so you can better protect your investments. For the most part, all it takes is a compromised email address to access any of your online exchanges accounts. Some sites enforce security protocols such as two-factor authentication (2FA) or unique security questions, but none of these solutions compare to using cold wallet storage.

A common aversion to using cold wallet storage – the most secure way to store your digital assets – is the seemingly complicated setup process. For some, a hot wallet solution may seem like the ideal solution with its added simplicity, flexibility and convenience. But, as most transactions I process exceed UAD 5,000, I cannot overstate the value of investing in a cold wallet to our clients. Using a cold wallet solutions, such as LedgerTrezor and others, gives you complete control over your digital investment, and in the long run ensures a relatively seamless and secure cryptocurrency experience.

 

We encourage all businesses and consumers to adopt these strategies so we can create a climate that encourages growth and prosperity through secure measures. We are all still in the early days of the cryptocurrency industry. And now, more than ever, it is evident that we still have a long way to go to reach widespread adoption.

– Written by Jackson Zeng

 

About Jackson Zeng:

Jackson Zeng is the COO of Caleb and Brown, who are available to guide new and seasoned investors. Jackson has over 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.

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

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

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Price Commentary – Bitcoin – 14th March 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,851 (14 Mar 2019 2:53 pm)

Another steady week for Bitcoin. This week we ranged from $3,770 to $3,950, consistently maintaining above the 50 day EMA.

However, it looks like margin long positions are closing while shorts are opening as the two are currently converging. This would indicate to me that several traders are showing a lack of short term confidence in Bitcoin sustaining current price levels. RSI continues to remain neutral.

A positive note is the absence of a rapid retracement when the price encroached toward the $4000 price tag, but it’s likely too early to tell. Once again, we’re paying close attention to the band between the moving averages and the $4000 level in the coming weeks.

 

Buy Bitcoin and 100s of other cryptocurrencies with Caleb and Brown

 

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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Women: The Cryptocurrency Industry’s Final Frontier

As featured on Micky News – ‘WOMEN: The Cryptocurrency Industry’s Final Frontier’

As the world celebrated International Women’s Day on the 8th of March 2019, there were concerns about the place of women in many industries, and cryptocurrency is no exception.

 

A recent study by London Block Exchange suggested that only 13% of women would consider a Cryptocurrency investment and in Oct 2017, and MyEtherWallet reported that only 16% of their wallet holders were female.  

At the time of writing this, a review of Google Analytics data suggested that only 8.27% of Bitcoin community engagement was from women.

https://twitter.com/myetherwallet/status/921579075897933824

More concerning is that these statistics don’t seem to surprise anyone within the cryptocurrency space, or even outside of it.

Excuses such as females being more biologically risk-averse and trading culture being incompatible with female lifestyles, are thrown about with an almost foregone sense of definitiveness. That the youthfulness of the industry leads to it being populated largely by the demographics of its precursor Cypherpunk and Libertarian movements is a more credible explanation. Equally, adopters too have been from the finance and tech community, again largely male dominated fields.

Outside of this, there are still a number of reasons why the crypto ecosystem could see a greater comparative rise in female representation.

 

Gender wealth imbalance

For one, as one of the core ideological motivators, the cryptocurrency paradigm has the promise of greater equity in the distribution of global wealth. Women have traditionally had the smaller slice of the global wealth pie and despite a shift toward greater parity in the last decade. As per Credit Suisse’s Global Wealth Report 2018, women still only hold 40% of the world’s wealth, with this number seeing significant declines in regions outside the EU and North Americas. A new financial ecosystem that promises a redistribution of this wealth imbalance then, seems suited to the 50% of the population who suffer from these issues.

Credit Suisse Global Wealth Report 2018

 

However, ideological promise does not necessarily equate to practical realities. But, even on that front cryptocurrencies seem to facilitate the female cause and adoption.

The many parts of the crypto puzzle

Cryptocurrencies present a unique challenge to those that are unfamiliar with the technology due to the nature of its founding ethos. Prior knowledge of finance and economics are of much less utility than when approaching any other financial network. This serves to reduce the knowledge gap for anyone fresh to the industry.

It is no secret that within the financial sector, women are grossly underrepresented, suggesting a generally lower baseline level of expertise in financial markets. In an area where financial acumen is not as decisive a factor, the cryptocurrency industry offers an opportunity for more women to enter a relatively level playing field with their male counterparts.

Equally, crypto spaces tend to be rather welcoming when it comes to education. Most cities with a crypto community host very regular crypto meet-ups, education sessions and events. On an individual level, crypto enthusiasts often relish the opportunity to introduce newcomers to the expansive crypto universe.

A top-down, industry-level perspective though, is where the greatest potential for female involvement stems from. Traditional financial spaces have seen decades of male domination and over-representation, a distinct gender power imbalance and set gender roles which have all too frequently veered away from female leadership. However, the cryptocurrency space, starting afresh as it is, has none of that ingrained structure and stigma. It just hasn’t had the time to etch that into the cognitive memory.

We are already seeing this manifest. 50% of Binance’s management staff are female, including co-founder Yi He; Kathleen Breitman, CEO of Tezos that raised $232M; Elizabeth Stark, CEO of Lightning Labs that is developing second layer software for the Bitcoin network; and Amber Baldet who heads the Blockchain Centre of Excellence at JP Morgan – a traditionally male dominated bank – are just some examples.

 

The industry perspective

Interestingly, women within the industry seem much less concerned about this apparent phenomenon. Bee Weck, a broker at cryptocurrency brokerage Caleb & Brown, suggests that focussing on this imbalance has the potential to be counter productive: “promoting diversity for diversity’s sake would do both the industry, and women, a disservice”.

Bee Weck, Caleb and Brown

“The focus shouldn’t be on how to attract women specifically, but rather how to further blockchain technology and to increase user-friendliness”. She firmly believes that “once this happens, other industry sectors, including those that have large numbers of women, can and will utilise this technology and many will organically enter the space”.

Chantelle de la Ray, Amber

Chantelle de la Ray, co-founder of Australian Crypto startup Amber, echoes this sentiment, adding that adoption is often a “multiple of exposure.” She reminds me that the inspiration for Amber’s cryptocurrency micro-investment app came from her belief that lowering the bar to entry is the most efficient route to mainstream adoption.

The guiding principle then should be that adoption across the board should remain the primary focus of the industry, and moves to germinate diversity within the community should be welcomed. If the female population are currently under-represented, this may present an opportunity for new engagement, and that should be encouraged.

In an age of a drive towards greater gender equality and self empowerment, financial freedom is a powerful ally. If cryptocurrencies continue to demonstrate a means of achieving this, then as an industry we too will have a powerful ally in our drive for validity, reach and growth.

– Written by Dr. Prash P

 

About Dr. Prash:

Dr. Prash is the CEO of Caleb and Brown, who are available to guide new and seasoned investors. 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.