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

connect with us

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

Caleb & Brown No Comments

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.

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

Price Commentary – Bitcoin – 7th March 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,882 (07 Mar 2019 3:53 pm)

 

There has been little activity with the Bitcoin price this week. It remained fairly stable along the 50-Day exponential moving average (EMA) and is holding as a support for now.

 

 

 

 

The price closed at $3700 below the EMA on 4th March before a prompt bounce and holding the price above $3800. This hints toward a strengthening in the support levels.

The relative strength index (RSI) is starting to climb again this week, sitting at 60 currently. Over the next two weeks we will paying close attention to the sell side volume.

This is especially important given we’re looking to retest the short term $4000 ceiling levels, as a rapid retracement again could signal weakness in this short-term trend and the greater mid-term trend.

 

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.

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

Price Commentary – Bitcoin – 28th February 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,801 (28 Feb 2019 2:30pm)

This week the price of Bitcoin pushed further up to $4200 before a sizeable correction back to the 50 day exponential moving average (EMA) at $3700.

There are two main outcomes we’re looking out for in the next few weeks.

  1. The first is the possibility of a long-term trend reversal, identifying $3200 as the bottom. In order for this to happen, we would need to see a significant increase in volume. In addition to this, we would also need repeated break outs and a few greater short term highs.

If the 50 day EMA, which previously acted as resistance, turns into a support for a sustained period of time, it may confirm this outcome.

 

  1. The other possibility is a short term moving average breakout before continuing down the bear trend. At this stage, I would not be confident in predicting a definitive bottom, as it is still too early to call.

The quick retracement when we broke into an overbought RSI and average volume hints at the latter holding true.

 

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.

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

Price Commentary – Bitcoin – 21st February 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Bitcoin: USD $3,922 (as of 21 Feb 2019)

We saw another spike this week of 11% from $3550 all the way up to $3970.

Bitcoin has managed to break out of both the 50 day SMA and EMA (green, purple), as well as the descending trend line (orange).

The price is currently sitting just below the $4000 mark, 6% above the EMA.

We’re also noticing 6 consecutive green candles, which is the longest sustained short term rally since July 2018. It is rare to see 7 or 8 consecutive green candles so a possible scenario may be a red close on 21st or 22nd before retesting the $4000 mark and seeing if we can break up higher. This lines up with the RSI of 70 indicating brief entry into the overbought territory.

We’re looking forward to the next few weeks to see if sustained volume can help identify a reversal in mid and long term trends.

 

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

Price Commentary – Bitcoin – 14th February 2019

Commentary by Jackson Zeng, COO Caleb & Brown

Among the biggest movers this week were Bitcoin (BTC) and Litecoin (LTC), showing more positive signs than other weeks previous.

Bitcoin: USD $3,574 (14 Feb 2019 1:41pm)

This week we saw a 9% spike recovering the price from approximately $3350 up to $3700.

However, once again we’re approaching the 50 Day simple moving average (SMA) and exponential moving average (EMA) resistance.

In the past year, of the 12 instances the Bitcoin price approached the higher of the 50 Day SMA and EMA, we’ve seen a 75% rejection rate as the first significant candle following the convergence of price and SMA/EMA (see image below).

On the other indicators, we’re seeing a neutral reading of 50 on the Relative Strength Index. But while we’re seeing lower highs, we’re still in the bear trend and the chance of a lower low (under $3200) is very much present.

These are particularly positive signs for the strength at which cryptocurrency markets may rebound in the future.

 

 

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

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.

connect with us

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