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Crypto 101

Crypto 101 – Dr. Prash at Real Big Things #23

Doctor Prash returned to the Real Big Things stage to deliver a philosophical 101 on cryptocurrency. Bitcoin and Blockchain are terms being bandied around constantly but are possibly not fully understood by many so Prash walked the audience through crypto’s origins and the potential applications the technology might have in other areas of society.

10 Minutes is not enough to explain these complex concepts, but here is a break down of Crypto 101

Introduction

2008 was a disastrous year for financial markets around the world. The global financial crisis saw the Dow Jones fall more than 50% (in a matter of months?) while millions lost their homes and life savings.

It was against this backdrop of dissatisfaction with the financial services industry, that the Cryptocurrency industry was born. In October 2008, the mysterious ‘Satoshi Nakamoto’ published a whitepaper to an open tech mailing list entitled Bitcoin: A Peer-to-Peer Electronic Cash System. This was the first the world had ever heard of bitcoin.

1. Nakamoto’s Whitepaper – Blockchain Technology and Distributed Ledgers

2. Decentralization

3. Tokenisation and Smart Contracts

Blockchain movement, of which Cryptocurrencies are the most visible manifestation of, is powered by technology and philosophy in equal measure packaged into an inseparable entity and that is poetry.

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.

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

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About Real Big Things:
Real Big Things is a series of short lectures designed to inspire and educate marketers about all things Digital. Each session includes a bunch of presentations about how different trends and technologies are changing the way we behave. We also provide freshly roasted coffee and delicious pastries.

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Coincast TV – Episode 6 broadcasted on 14 Sept, 2018 | Sky News Business

Top Cryptocurrencies of the Week – As at Sept 13, 2018

  1. Bitcoin (BTC) – Price Analysis – Bitcoin takes another fall this week. The difference between its highs and lows continue to narrow as it closes in on a 7-month price consolidation down to $6000. There is a possibility of retesting the year’s low of $5800 which may be catalysed by an industry expectation that the CBOE ETF decision due Sep 30 will be delayed or rejected.

Caleb and Brown’s Spotlight Cryptocurrencies of the Week:

  1. Ethereum (ETH) – The largest smart contract platform has taken a staggering 18% correction this week as its ICO capital raises have fallen to 15 month lows, but bounced off an old support level at $175.
  2. Eos (EOS) – The third generation Blockchain without the burden of supply held primarily by ICOs, EOS is holding much stronger than its largest competitor during this week’s market correction.

Watch full episodes, here www.coincasttv.com

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

Broadcasted on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

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10,000 in Bitcoin Short volume added in 3 hours on Bitfinex

“Bitcoin Price – 2018” Macro Analysis by Jackson Zeng, COO Caleb and Brown

In the 2018 macro picture, bitcoin has been declining with consistently strong support at the $6000 mark. A couple weeks ago at the most recent drop, I went on Coincast TV on Sky News Business to assert my bullish position on bitcoin at $6200.

Since the low of $5850, Bitcoin has seen a recovery of 27% to $7430 over the last two weeks, in line with the sharp recoveries seen Feb 6, Apr 1, Jun 24, Aug 14. Year to date, there appears to be a roughly 30-day market attention period where price will recover after dropping to $6000.

Bitcoin-Price-6000

Following the descending trend line, we’re anticipating the price to not exceed $7600 before continuing the decline along the macro bear trend. And based on the short action Yesterday, it seems someone else has a similar idea.

Sunday between 4pm and 7pm, 10k BTC worth of shorts were accumulated on Bitfinex.

BTC Short

This is also compounded by an expectation that the CBOE ETF decision due Sep 30 will be delayed.

In conclusion, expect the negative price movement to return shortly and sit tight for the next market update where the market closes in on an impending breakout of the year-long trend.

Jackson Zeng, 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.

Expert view from other sources:

CNBC’s ‘Crypto Trader’ Predicts Bitcoin Shorts ‘Will Get REKT’ – On Sunday (2 September 2018, 20:19 UTC), Ran NeuNer, the host of CNBC’s “Crypto Trader”, said on Twitter that the $100 million in new Tether (USDT) reportedly sent to crypto exchange Bitfinex suggested that if the Bitcoin (BTC) price went up, the shorts would get “REKT.”

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

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Coincast TV – Episode 4 broadcasted on 31 Aug, 2018 | Sky News Business

Top Cryptocurrencies of the Week – As at Aug 30, 2018

  1. Bitcoin (BTC) – Bitcoin made a steady recovery this week.
  2. IOTA (MIOTA) – The Internet-Of-Things distributed ledger technology is being used in Volkswagen’s “Digital CarPass” in 2019.
  3. Nano (NANO) – An instant, zero fee, scalable digital currency. One of last week’s top cryptos continues to rise.
  4. Icon (ICX) – A Korean smart contract platform made recent announcements to spend $5million in a token buyback program.
  5. Caleb and Brown’s Crypto Spotlight of the Week: Holochain (HOT) – A 4-month-old Distributed Ledger technology is trending as one of the most mentioned cryptocurrencies.

Watch full episodes, here www.coincasttv.com.

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

Broadcasted on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

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Bitcoin Prices | Ethereum & ICO’s | Future of Altcoins

No need for concern over BTC price drop” Jackson Zeng, COO Caleb and Brown

Jackson Zeng spoke with Coincast TV reporter Heidi Cuthbert about the direction of bitcoin, the recent price fall in Ethereum and the Future of Altcoins. Watch the interview on Sky News Business.

Transcripts from the Interview:

What are some industry insights into the price of bitcoin?

We’ve seen a fairly sharp drop in the price of bitcoin catalysed by the SEC rejection of the Winklevoss twins ETF. However, I don’t think the price reaction is a major concern at all because there is still a CBOE bitcoin ETF as well as a number of other bitcoin ETF application due for ruling in late September.
Institutions have a very real appetite for bitcoin exposure as a hedge against systemic risk and are just waiting for a way to get access to that without the self-custody risk.

Bitcoin price commentary / Where do you see Bitcoin’s price going in the near term?

Bitcoin is currently in a price consolidation phase with extremely strong support at the USD $6000 mark, Bitcoin’s price has reached or gotten close to USD $6000 4 times this year and each time that has occurred, within a 30 day period, Bitcoin’s price has shown at the very least, a 30% recovery. So at this price, I’m bullish on Bitcoin.

Does the price fall of Ethereum have to do with ICOs selling their Ethereum capital raises?

Yes, I think ICO liquidations play a significant role in the price drop of ether. If you consider a project that has raised $10 million dollars when Ethereum was, say $1000 in February, and now it’s $300, the company’s funding has just been cut by 70%. That is a very big problem for a start-up. Many projects that are funding now are opting to liquidate the Ether immediately after raising it, so they have the full amount of capital they planned for, and they don’t have to worry about the price of Ether when they should be focusing on building the products that the community has funded.

What are you seeing in the future of Altcoins

During 2017 when the cryptocurrency space was picking up public attention, the rate of increase in attention far surpassed the amount of developers actually working on products for the crypto space, causing an oversubscription of investors into the few projects that were available. We are currently above 50% Bitcoin dominance, the highest it’s been since December, which demonstrates a lack of confidence in Altcoins. I think now we’re going to see a consolidation of money into the Altcoins that provide real use cases with a reasonable roadmap of commercial adoption in the next 5 years. The rest will most likely disappear.

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.

connect with us

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

Image source: News- Bitcoin dot com

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Coincast TV – Episode 3 broadcasted on 24 Aug, 2018 | Sky News Business

Top Cryptocurrencies of the Week – As at Aug 23, 2018

  1. Bitcoin (BTC) – Dubbed digital gold Bitcoin finds some stability after last week’s decline, bouncing between $6300 and $6700 as ETF applications continue to be rejected
  2. VeChain (VET) – An enterprise-focused blockchain connecting with the real world by providing Internet-of-Things integration. After a recent successful mainnet launch, VechainThor price rises sharply as its network usage rises and announces a blockchain vaccine tracing solution for China.
  3. Nano (NANO) – A plublic chain infrastructure supporting customizable blockchains and providing common modules for different distributed scenarios. This week NANO begins its blockchain’s mainnet launch, finishing on October 1st
  4. Ontology (ONT) – An instant, zero fee, scalable digital currency successfully performs a public stress test, and surges 96% in price as a result
  5. Caleb and Brown’s Crypto Spotlight of the Week: Pundi X (NPXS) – Blockchain-based point of sale (POS) system. A recent partnership reveals 1,000 POS devices are to be deployed in Colombian shop fronts as the company tackles South America, one of the world’s biggest crypto hotspots.

Watch full episodes, here www.coincasttv.com.

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

Broadcasted on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

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SEC Rejects 9 Bitcoin ETF Proposals

We’ve been hearing about Bitcoin ETFs frequently of late. From the anticipation and subsequent rejection of the Winklevoss ETF to the application of the VanEck SolidX Bitcoin Trust.

Yesterday, the Securities and Exchange Commission (SEC) has published three orders rejecting 9 bitcoin exchange-traded fund (ETF) proposals. It’s a pretty long list.

  • ProShares Bitcoin ETF
  • ProShares Short Bitcoin ETF
  • Direxion Daily Bitcoin Bear 1X Shares (“1X Bear Fund”)
  • Direxion Daily Bitcoin 1.25X Bull Shares (“1.25X Bull Fund”)
  • Direxion Daily Bitcoin 1.5X Bull Shares (“1.5X Bull Fund”)
  • Direxion Daily Bitcoin 2X Bull Shares (“2X Bull Fund”)
  • Direxion Daily Bitcoin 2X Bear Shares (“2X Bear Fund”)
  • GraniteShares Bitcoin ETF (“Long Fund”)
  • GraniteShares Short Bitcoin ETF

This week the market had a short-lived burst in price in anticipation of the decisions from $6400 to a high of $6899 (USD) and then correcting right back to the $6400 range today as though the market had no genuine belief that those applications would pass.

Will we ever get an ETF?

The VanEck SolidX Bitcoin Trust seems to be the most likely candidate as the first successful Bitcoin ETF and is due for decision at the end of September, but can (and is highly likely to) be delayed until the final date in February 2019.

The language of the rejections to date presents a hopeful tone, stating the SEC “emphasizes that its disapproval does not rest on an evaluation of whether bitcoin or blockchain technology more generally, has utility or value as an innovation or an investment.”

These words are in accord with SEC commissioner Hester Peirce assertion that it is not the SEC’s role to be the gatekeeper of innovation. They seem to be waiting for certain infrastructure to be available for the surveillance of potential market manipulation before giving out that the elusive ETF approval.

What is a Bitcoin ETF anyway?

A Bitcoin Exchange-Traded-Fund is a fund that owns underlying assets, (in this case, Bitcoin), and then divides the ownership of those assets into shares.

Example: If the fund owned 20 Bitcoin, and was divided into a total of 10 shares, of which Alice owned 1 share, then she’d have indirect ownership of 2 Bitcoin. The important distinction is that it can be traded like shares on the stock market.

This can play a significant role in pushing up bitcoin’s price because currently, institutions don’t have an easy way of gaining exposure to bitcoin without having to deal with the “physical” custody of the private keys. This will finally open the doors for institutions with billions in assets under management to add 1% of bitcoin to their portfolio as a non-correlation asset.

Jackson Zeng, COO, Caleb and Brown breaks down the jargons around Bitcoin ETF in this video.

  • What is a Bitcoin ETF?
  • Why does it matter?
  • How does this affect the market?

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.

connect with us

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

Image source: Toshi Times

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Coincast TV – Episode 2 broadcasted on 17 Aug, 2018 | Sky News Business

Top Cryptocurrencies of the Week – As at Aug 15, 2018

  1. Bitcoin (BTC) -This week as the cryptocurrency market took a dramatic fall as we continue to face ETF rejections and delays. Bitcoin demonstrates robustness over most alt coins, facing a 5.27% drop while most smaller coins experienced double-digit declines in price.
  2. Stellar (XLM) A cross-border payments network, was the only cryptocurrency in the top 10 to outperform hold better than Bitcoin this week.
  3. Waves (WAVES) A decentralised exchange platform for cryptocurrencies, is one of the few cryptocurrencies this week to see a positive price movement as trading activity increases steadily on their decentralised exchange.
  4. Metaverse ETP (ETP) A digitized assets platform incorporating “Oracles,” provides digital identity and asset management functions on the blockchain. Metaverse’s “Blockchain as a Service” business model is demonstrating value as actual use-case adoption beyond just price speculation.
  5. Caleb and Brown’s Crypto Spotlight of the Week: Cardano (ADA) Created on the foundation of peer-reviewed academic papers, Cardano is the 3rd largest scaleable smart contract platform by market cap. It has just announced a Google Chrome Extension wallet, providing a much simpler way to interact with the Cardano blockchain than the previously complex interface. Currently, at only 7% of its All-Time-High price, Cardano may be nearing the bottom of its price decline.

Watch full episodes, here www.coincasttv.com.

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

Broadcasted on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

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Coincast TV – Episode 1 broadcasted on 10 Aug, 2018 | Sky News Business

Top Cryptocurrencies of the Week – As at Aug 8, 2018

  1. Bitcoin (BTC) -12% this week at $6750, facing a Winklevoss Twins ETF
    rejection has fallen back to $6750 USD, but may have hopes for a rebound in
    the coming months as the CBOE ETF application is still in play. Alongside
    this news, the owner of the New York Stock Exchange is in collaboration with
    Microsoft and Starbucks to create a platform allowing Bitcoin to be spent at
    every Starbucks in the world.
  2. Holochain (HOT) +15% this week at $0.000675 – an emerging competitor in
    the non-blockchain structure of Distributed Ledger Technology, is continuing
    to show price strength and community growth since its 100% rise on news of
    Binance exchange listing last week.
  3. Ethereum Classic (ETC) +5% this week at $17.40. This fork of Ethereum
    was created due to a portion of the community having a difference in
    philosophy to the resolution of to the infamous $150m DAO hack on the
    Ethereum network in June 2016. Following a launch on Coinbase Pro’s
    exchange platform as well as the popular Crypto Trading App Robinhood, this
    cryptocurrency is one of the few that saw a positive price move this week.
  4. Binance Coin (BNB) -4% this week at $13.26, the utility token for world’s
    highest transaction volume exchange, is continuing to demonstrate strength
    as a safe harbour during the correction this week a red sea of double-digit
    percentage drops in the top 100 cryptocurrencies as the company continues
    to announce upcoming funds and acquisitions
  5. Caleb and Brown’s Crypto Spotlight of the Week: Hedera Hashgraph – A very anticipated Distributed Ledger Technology project promising rapid transaction throughput, has announced its public $20
    million ICO offering after disclosing a private capital raise of $100 million.
    Additionally, Coinbase Custody has announced that Hedera Hashgraph is
    among the candidates that their custodian solution could potentially support in
    the future, despite the fact that the coin has yet to launch its Blockchain.

Watch full episodes, here www.coincasttv.com.

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

Broadcasted on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

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Crypto Education to the Masses

– Media release

We Are Teaming Up With Coincast TV

Caleb and Brown is proud to sponsor “Top Cryptocurrencies of the Week”  segment of Coincast TV, a show that promises to bring education, up to date market information and the latest news from the Cryptocurrency world to mainstream investors. It furthers our commitment to helping bridge the gap between traditional investors and the cryptocurrency markets.

“We look forward to the opportunity to work closely with Heidi Cuthbert and the production team to curate the content of our segment so that viewers only get the most up to date news on the best Cryptocurrencies to look out for each week”, said Dr Prash P, CEO Caleb and Brown.

The greater investment community has been waiting for an accessible and trusted news source about Cryptocurrencies. The show will be broadcast on Sky News Business and syndicated across Apple TV, The Wall St Journal and related social platforms, reaching an audience of almost 200 million viewers worldwide.

Coincast TV

The show will air weekly on Sky News Business in Australia at 7.30pm (EST) on Friday evenings, with several repeat episodes over the weekend.

The first show will go to air on Friday, 10 August 2018.
For more information, visit www.coincasttv.com.

Coincast TV executive producer Heidi Cuthbert, who brings her experience as a former Bloomberg Television anchor to the show, described the new program as ‘CNBC meets MTV’.

Ms. Cuthbert said:

“We have recruited a team of former business journalists from highly regarded media outlets such as Sky News and Bloomberg. While we are producing sponsored content, we will keep ultimate editorial control of the program”.

The list of other major sponsors along with Caleb and Brown includes CollinStar Capital, Japan-based ICO advisor CTIAb and Bitcoin Australia.