#796 Ray Dalio, BTC und Davos, Krypto ... - Bitcoin Informant

796.com bitcoin futures exchange almost went bust yesterday.

796.com exchange went down for "scheduled maintenance" during the fast market the other day. Their site allows for leveraged bitcoin speculation with daily futures contracts.
They almost went bust due to all the margin calls, or whatever. They survived by taking 5% of the profit from all the positions making a profit, which they were able to do by changing their futures contract rules after the fact.
Just a heads up.
I had been gathering funds on that site to short bitcoin during the next rally. This proved more difficult due to their site not being available, and I am turned away from it since they do arbitrary things like take customer funds to cover their own capital problems.
I had not opened a futures position so they did not take anything from my balance.
submitted by cqm to Bitcoin [link] [comments]

05-25 08:43 - 'Insane Franck Muller Bitcoin Wallet Watch w/ Cold Storage' (mullerbitcoinwatch.com) by /u/Bitcoinsx removed from /r/Bitcoin within 796-806min

Insane Franck Muller Bitcoin Wallet Watch w/ Cold Storage
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Author: Bitcoinsx
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05-22 09:53 - '3 Ways Blockchain Is Already Delivering on the Hype' (cryptointalk.com) by /u/akostatus removed from /r/Bitcoin within 796-806min

3 Ways Blockchain Is Already Delivering on the Hype
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Author: akostatus
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11-03 14:12 - 'Bitcoin price is telling us that the markets are betting on a Trump win. Stocks going to crash hard. Gold and Bitcoin going up BIGLY!' (bitcoinwisdom.com) by /u/btc4tr4de removed from /r/Bitcoin within 796-801min

Bitcoin price is telling us that the markets are betting on a Trump win. Stocks going to crash hard. Gold and Bitcoin going up BIGLY!
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Author: btc4tr4de
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796.com Funds Stuck /r/Bitcoin

796.com Funds Stuck /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Trade Bitcoin Futures With Up To 50:1 Leverage: 796.com

submitted by mestextos to Bitcoin [link] [comments]

MicroStrategy's $425M BTC investment thesis - "buy something that can either get cut in half or 10x"

Amidst all of the DeFi volatility, drama and excitement, Bitcoin has started to seem rather boring. Its price is more or less flat to where it was a year ago and you can’t even farm Yams with it.
While some have started to view Bitcoin as a useless digital rock, someone did find an interesting use case for it. This week, more details surfaced around how MicroStrategy CEO Michael Saylor convinced the board of a publicly traded company to allocate nearly all of the company’s $500M cash position to bitcoin.
Michael Saylor
Saylor graduated from MIT in 1987 and founded Microstrategy at the age of 24. MicroStrategy is a “Business Intelligence” company, which basically creates software that allows companies to use their own data to drive decision making.
Interesting side note - Saylor, like any good 90’s internet entrepreneur, also bought a bunch of internet domains and was the guy who ultimately sold Voice.com to Block.One (EOS) for $30M.
MicroStrategy’s’ $500M Problem
To most people, having $500 million in cash doesn’t sound like a problem. Up until recently, it wasn’t for large corporations either. There was a time before the ‘08 financial crisis when the risk free rate of return on cash was 5% a year. This means a company could sit on $500M, earn $25M a year for doing nothing, and have cash on hand for a rainy day.
Fast forward to today, when the risk free rate of return has plummeted to 0.69% due to loose fiscal policies (money printer go BRRRR) alongside inflating asset prices, and it’s a different story. In Saylor’s own words, “we just had the awful realization that we were sitting on top of a $500 million ice cube that’s melting.”
Cash is Trash
So what’s a corporation to do with a $500M melting ice cube? It turns out it’s not that easy to unload half a billion dollars in a short amount of time.
You could buy back half a billion of your own company’s shares. For a company like MSTR, Saylor estimated that would take 4 years. Time MiscroStrategy didn’t have.
You could buy real estate. However, commercial real estate prices have collapsed post COVID while property owners still believe their assets are worth what they were in January. In other words, good luck getting a fair market price.
You could buy blue chip equities. Amazon, Apple, Google, Facebook. However, your risk is symmetric. They can each fall 50% just as easily as they can go up 50%.
That left Saylor with silver, gold, Bitcoin, and other alternative assets. A move the company announced it was exploring on a July earnings call.
A Bold Purchase
Saylor ultimately wanted something that could either get cut in half, or go up by a factor of 10. An investment akin to what buying Amazon or Apple in 2012 was. In other words, asymmetric risk.
As a student of technological history, Saylor observed that the winning strategy over the last ten years has been to find some kind of “digitally dominant network” that dematerializes something fundamental to society. Apple dematerialized mobile communications. Amazon dematerialized commerce. Google dematerialized the process of gathering information.
Something Saylor noted was common to all recent 10X opportunities is buying when they’ve achieved $100B+ marketcaps and are ten times the size of their next biggest competitor. As Bitcoin is the dominant digital network dematerializing money that’s 10x the size of any cryptocurrency competing to be a store-of-value (not counting ETH here), it fit the bill.
Making the purchase
With the thesis in place, the next thing Saylor had to do was get everyone at MicroStrategy to sign-off on the unorthodox decision. To do this, he simply made everyone go down the same Bitcoin rabbithole that most people in the industry have gone down.
He made everyone at the company watch Andreas Antonopoulous videos, read The Bitcoin Standard, watch Eric Vorhees debate Peter Schiff and listen to Pomp and NLW podcasts. With no strong detractors, MicroStrategy turned to execution. They first put $250M to work purchasing 21,454 BTC in August and another $175M (16,796 BTC) in September for a total $425M and 38,250 BTC.
What’s fascinating is that MicroStrategy was able to open such a large position without really moving the market or anyone even taking notice. This speaks to just how liquid of an asset BTC has become. To acquire the September tranche of BTC, Saylor disclosed that they traded continuously for 74 hours, executing 88,617 trades of .19 BTC every 3 seconds.
One for the history books
Skeptics noted that shares of MSTR have been on the downtrend since 2013, as the real reason behind MicroStrategy’s bold move. Regardless, the move has interesting implications for the company’s shareholders. As TBI observed, MicroStrategy is now both a software company and with ⅓ of its marketcap in Bitcoin, a pseudo Bitcoin ETF. At the time of writing, MSTR is up 20% on the week.
Only time will tell if history looks back on this move as a brilliant strategic decision or a massive corporate blunder. In the short term, it scores a massive win for Bitcoin’s digital gold investment thesis.
Billionaire hedge fund manager Paul Tudor Jones is in. A publicly traded corporation has made Bitcoin it’s primary treasury asset. As CFOs and fund managers around the world undoubtedly take notice, one has to wonder, who’s next?
PS - I based a lot of this article on Pomp’s interview with Michael Saylor, which I recommend giving a listen.
Original article
Source
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MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425M

So, one month after MicroStaegy announced they had bought $250m worth of bitcoin, they have added a further $175m worth. This Nasdaq listed company is worth $1.4b in total. Incredible...
https://www.coindesk.com/microstrategy-buys-more-bitcoin
On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.
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[WTS] Auction Leftovers #3

Good morning once again!
This listing is for items that did not sell during the October 11 Auction (most likely due to BP/fees, or maybe just because the "right" buyer didn't see the auction, who knows) - so you can buy anything you want right here and right now - no buyer's premiums, no additional fees - JUST DISCOUNTS ON EVERYTHING:
*FREE shipping for any order over $100.
*All the Graded/Slabbed Coins are available at 30% off the listed price guide (which should be accurate, was checked about a month ago.)
*Any Sterling Silver non-coin item will be available at MELT (plus shipping.)
*EVERYTHING ELSE is 10% off the listed start price.
Each lot was individually imaged (front and back) for the auction - so the easiest way for you to see exactly what you're buying is to visit the auction link (the auction is over, so I'm not advertising anything different or advertising an upcoming auction) - so here that is:
https://www.auctionzip.com/auction-catalog/HTF-Coins-Silver,-US,-Foreign-more_FYWN25UAV6?page=0&searchWithAll=&size=200&sort=
Here is the required "prove you still have the stuff" photo with the username card and today's date:
PHOTO
Payment: PayPal. I do not have Venmo/Zello/Bitcoin or any other form of digital payment at this time. No notes if using PPFF, please. Thank you.
Shipping: I will charge you what it costs me for the USPS label rounded up to the nearest dollar. For First Class that is usually $4, for USPS Priority Mail Flat Rate Small Box it will be $9. I will get you a tracking number right after payment is received and will get your package scanned into the USPS system within 24 hours of receipt of payment. I will offer "Risky Shipping" (via stamped greeting card) at my discretion for $1 - for single, small coins ONLY. NOTE: These prices are for Continental US shipping only - if you live outside the continental US, shipping will be more expensive. I am still happy to do it under the same rules as above, but just keep in mind it's going to cost more.
What do YOU need to do to buy coins from this group: send me a list of which lots you want (for example, I want to buy lots # 51, 52, 53, 54, 55) and I will send you a total. There are too many coins here (plus there are duplicates) so I cannot look up the coins you want by description - just give me lot numbers and it will be much simpler.
I'd like to make a simple and polite request - if I have sent you my PayPal information (meaning we've agreed to a deal) please finish it up as soon as you can so I can check you off the list and move on to the next person. This helps make sure you get all the coins we discussed and no one else is in limbo.
I will do my absolute best to update the ad as soon as lots sell.

LEFTOVERS:

11 1973 Proof Set $9.00
12 1973 Proof Set $9.00
13 1974 Proof Set $9.00
15 1975 Proof Set $9.00
17 1975 Proof Set $9.00
18 1975 Proof Set $9.00
19 1975 Proof Set $9.00
20 1975 Proof Set $9.00
21 1975 Proof Set $9.00
22 1975 Proof Set $9.00
23 1975 Proof Set $9.00
24 1975 Proof Set $9.00
25 1975 Proof Set $9.00
26 1975 Proof Set $9.00
27 1976 Proof Set $9.00
28 1976 Proof Set $9.00
29 1977 Proof Set $6.00
30 1977 Proof Set $6.00
31 1977 Proof Set $6.00
32 1977 Proof Set $6.00
33 1978 Proof Set $6.00
34 1978 Proof Set $6.00
35 1978 Proof Set $6.00
36 1978 Proof Set $6.00
37 1978 Proof Set $6.00
38 1975 Proof Set $9.00
51 Toner US Type Set 1 $55.00
52 Toner US Type Set 2 $30.00
53 Toner US Type Set 3 $30.00
54 1949 S Franklin Half UNC KEY DATE $40.00
55 1949 S Franklin Half UNC KEY DATE $40.00
59 1949 S Franklin Half UNC KEY DATE $40.00
60 1976 D Eisenhower Dollar UNC MINT CELLO $4.00
64 1977 D Eisenhower Dollar UNC MINT CELLO $4.00
65 Toner US Type Set 4 $25.00
66 Toner US Type Set 5 $30.00
67 1953 D Franklin Half UNC FULL BELL LINES $25.00
68 Toner US Type Set 6 $65.00
70 1936 Mercury Dime Doubled Die Obverse HIGH GRADE $30.00
73 1955 Roosevelt Dime UNC TONED $8.00
75 1955 S Roosevelt Dime UNC TONED $5.00
76 1955 S Roosevelt Dime UNC TONED $5.00
78 World Silver - Canada 1913 25 Cents $5.00
80 1956 Roosevelt Dime UNC TONED $8.00
81 1958 D Roosevelt Dime UNC TONED $5.00
83 1964 Roosevelt Dime UNC TONED $3.00
84 1964 Roosevelt Dime UNC TONED $3.00
85 World Silver - Canada 1906 10 Cents $3.00
89 1928 S/S Standing Liberty Quarter Rainbow Toned $20.00
90 1974 D Eisenhower Dollar UNC MINT CELLO $4.00
94 France - 1865 BB 5 Centimes $1.00
95 Illinois Governer Otto Kerner Inauguration Medal $4.00
96 1928 S "Inverted MM" Standing Liberty Quarter $35.00
113 Type Coin Lot $50.00
114 50 Indian Head Cents, Mixed Dates & Conditions $40.00
115 50 Indian Head Cents, Mixed Dates & Conditions $40.00
116 50 Indian Head Cents, Mixed Dates & Conditions $40.00
117 75 Indian Head Cents, Mixed Dates & Conditions $60.00
154 1958 Type B Washington Quarter UNC $12.00
156 1956 Washington Quarter UNC RAINBOW TONED $15.00
158 Denmark - 1921 5 Ore $2.00
159 1968 D Kennedy Half UNC TONED $10.00
160 1958 Type B Reverse Washington Quarter UNC $15.00
162 1959 Type B Reverse Washington Quarter UNC $12.00
163 1959 Type B Reverse Washington Quarter UNC TONED $15.00
166 1960 Type B Reverse Washington Quarter UNC $12.00
167 1960 Type B Reverse Washington Quarter UNC $12.00
170 1875 Indian Head Cent $3.00
171 1963 Type B Reverse Washington Quarter UNC TONED $15.00
172 1963 Type B Reverse Washington Quarter UNC TONED $15.00
173 1964 Kennedy Half Mint Clip Error $15.00
175 1964 D Washington Quarter UNC TONED $12.00
179 Stag Beer Wooden Nickel "Fair on the Square" $1.00
180 The TV Shop Slidell, LA One Wooden Buck $1.00
185 St Helena - 1981 25 Pence (Crown Sized) $3.00
190 1996 D Kennedy Half UNC MINT CELLO $2.00
191 State of Missouri Sesquicentennial Medal $2.00
193 State of Missouri Sesquicentennial Medal $2.00
194 State of Missouri Sesquicentennial Medal $2.00
199 1974 D Kennedy Half Dollar DDO UNC $35.00
200 Star Wars Episode III Limited Edition Token/Medal $3.00
253 1978 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $40.00
255 World Silver - Switzerland 1953 1/2 Franc $3.00
256 1979 Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00
257 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $30.00
258 1986 D Kennedy Half Dollar UNC from Mint Set GEM BU TONED $15.00
259 1954 S Washington Quarter UNC $15.00
260 1957 Washington Quarter UNC TONED $15.00
261 1963 Type B Reverse Washington Quarter UNC TONED $30.00
262 1999 D Kennedy Half Dollar UNC from Mint Set GEM BU PROOFLIKE $10.00
265 Panama - 1975 Proof 5 Centesimos in OGP cello $1.00
266 1971 D Eisenhower Dollar "Talon Head" Obverse Die Clash / "Moon Line" Reverse Die Clash UNC TONED $20.00
269 Maybrook NY Golden Jubilee Good For 10 Cent Wooden Nickel $1.00
270 Maybrook NY 1975 Golden Jubilee 25 Cent Wooden Nickel $1.00
271 World Silver - Australia 1939 Sixpence $4.00
272 1974 Eisenhower Dollar UNC RAINBOW TONED $20.00
274 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
275 1974 D Eisenhower Dollar UNC RAINBOW TONED $15.00
276 World Silver - Australia 1920 Shilling $8.00
277 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
278 2010 S Buchanan Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00
279 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
280 World Silver - Australia 1943 Shilling $8.00
281 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
282 2011 S Johnson Presidential Golden Dollar from Proof Set with Doubled Edge Lettering $10.00
286 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
287 1983 Lincoln Cent DDO FS-101 $40.00
288 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
289 1983 Lincoln Cent DDO UNC $40.00
290 1983 Lincoln Cent DDO UNC GEM BU $75.00
291 1964 D Washington Silver Quarter UNC TONED $10.00
292 2000 "Wide AM" Lincoln Cent UNC $20.00
293 1960's Terre Haute, IN Sesquicentennial Wooden Nickel $1.00
294 .999 Silver 1 oz MLB Mike Piazza Limited Edition Silver Proof Round $30.00
295 1964 "The American Indian - America's First Pioneer" 1 oz .999 Silver Round $30.00
296 "Winter Scenes" Sterling Silver Art Round $25.00
297 Illinois "Illiniwek" Mascot Sterling Silver Art Round TONED $25.00
298 1982 Buffalo NY Sesquicentennial Wooden Nickel $1.00
299 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
300 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
351 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
352 Denmark - 1950 5 Ore KEY DATE $25.00
353 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
357 1990 Rappahannock Area Coin Club Wooden Nickel $1.00
359 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
360 Old Time Wooden Nickel Co Support Our Troops Wooden Nickel $1.00
361 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
362 Switzerland - 1874 B 5 Rappen $40.00
363 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
366 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
368 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
370 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
371 Great Britain - 1920 1/2 Crown NICE $60.00
372 New Zealand - 1942 1/2 Crown $35.00
373 1960 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
374 Sudan - 1972 50 Ghirsh UNC $4.00
375 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
377 Clear Lake, IA Perkins Wooden Nickel $1.00
378 Lake of the Woods 40th Anniversary Bimetallic Token $1.00
379 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
380 Great Britain - 1981 25 New Pence UNC $3.00
383 Guyana - 1970 1 Dollar UNC $3.00
384 New Zealand - 1953 1 Crown $5.00
385 Illawarrra Numismatic Association Membership Discount Wooden Nickel Token $1.00
386 San Juan Quality Royale Casino Token $1 Face Value $2.00
388 Artisan Silverworks Temecula, CA Wooden Nickel $1.00
390 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
393 Netherlands East Indies - 1945 S 1 Cent UNC $2.00
394 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
395 1957 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
396 Netherlands Antilles - 1965 2.5 Cents UNC TONED $10.00
397 Virginia Numismatic Association Encased Cent $3.00
398 Netherlands - 1921 1/2 Cent BETTER DATE $3.00
399 Netherlands - 1922 1/2 Cent BETTER DATE $5.00
400 1958 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
451 1959 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
452 Belgium - 1902 1 Centime $1.00
453 Netherlands Antilles - 1959 1 Cent UNC $4.00
454 Belgium - 1901 1 Centime $2.00
455 Canada - 1930 5 Cents NICE $8.00
456 Canada - 1930 5 Cents NICER $10.00
458 Canada - 1948 5 Cents $1.00
461 Barbados - 1973 Proof 5 Cents in OGP $1.00
462 Barbados - 1973 Proof 1 Dollar in OGP $1.00
463 Barbados - 1973 Proof 25 Cents in OGP $1.00
464 Barbados - 1973 Proof 10 Cents in OGP $1.00
465 World Silver - Canada 1882 H Ten Cents $10.00
466 World Silver - Canada 1886 Ten Cents $15.00
467 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book High UNC $2.00
469 Trinidad & Tobago - 1973 Proof 10 Cents in OGP $1.00
470 World Silver - Canada 1899 Ten Cents $8.00
471 Trinidad & Tobago - 1973 Proof 1 Cent in OGP $1.00
472 British Virgin Islands - 1974 Proof 10 Cents in OGP cello $1.00
473 Trinidad & Tobago - 1973 Proof 50 Cents in OGP $1.00
474 World Silver - Canada 1908 Ten Cents $4.00
476 British Virgin Islands - 1973 Proof 1 Cent in OGP $1.00
477 Netherlands - 1906 1 Cent NICE $1.00
478 British Virgin Islands - 1973 Proof 25 Cents in OGP $1.00
479 1961 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
480 Barbados - 1980 Proof 25 Cents in OGP cello $1.00
481 1962 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
482 Panama - 1976 Proof 5 Centesimos in OGP cello $1.00
483 Panama - 1976 Proof 10 Centesimos in OGP cello $1.00
484 Netherlands - 1912 1/2 Cent NICE $3.00
485 1963 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
486 1964 Type B Reverse Washington Silver Quarter (starts at melt) $5.00
488 Netherlands East Indies - 1921 1/2 Cent NICE KEY DATE $12.00
490 British Virgin Islands - 1974 Proof 1 Cent in OGP $1.00
491 Denmark - 1920 10 Ore Doubled Die Obverse (date) $5.00
492 India - 2010 10 Rupees UNC $1.00
494 British Virgin Islands - 1974 Proof 5 Cents in OGP cello $1.00
495 France - 1946 C 5 Francs $3.00
497 World Silver - Canada 1874 H 25 Cents $8.00
498 British Virgin Islands - 1974 Proof 10 Cents in OGP $1.00
499 France - 1952 5 Francs KEY DATE $10.00
500 France - 1946 5 Francs $1.00
551 Switzerland - 1906 1 Rappen BETTER DATE $10.00
552 World Silver - Switzerland 1963 1 Franc NICE $5.00
553 Switzerland - 1902 2 Rappen KEY DATE FIRST YEAR $15.00
554 Panama - 1975 Proof 1 Centesimo in OGP $2.00
555 Panama - 1975 Proof 10 Centesimos in OGP $3.00
556 Panama - 1976 Proof 10 Centesimos in OGP $2.00
557 Switzerland - 1910 2 Rappen BETTER DATE $10.00
558 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
559 Panama - 1975 Proof 25 Centesimos in OGP $2.00
561 Panama - 1975 Proof 5 Centesimos in OGP $2.00
562 Panama - 1976 Proof 5 Centesimos in OGP $4.00
568 Panama - 1974 Proof 5 Centesimos in OGP cello $1.00
570 France - 1889 A 5 Centimes $1.00
572 Panama - 1973 Proof 1/10 Balboa in OGP $1.00
573 France - 1854 D 5 Centimes $1.00
574 Barbados - 1973 Proof 1 Cent $1.00
575 Panama - 1973 Proof 1/4 Balboa in OGP $1.00
576 France - 1862 K 5 Centimes $1.00
577 1934 Washington Quarter Medium Motto NICE $15.00
579 Liberia 1941 2 Cents NICE $6.00
580 World Silver - Denmark 1874 25 Ore $6.00
581 Liberia - 1974 Proof 5 Cents in OGP $1.00
583 France - 1856 BB 5 Centimes $1.00
584 Liberia - 1974 Proof 10 Cents in OGP $1.00
585 Mexico Mint Set 1965 (includes silver) $5.00
587 Mexico Mint Set Mixed Dates (includes silver) $5.00
588 France - 1863 K 5 Centimes $2.00
590 France - 1855 D 5 Centimes $1.00
593 France - 1854 K 5 Centimes $1.00
594 Bahamas - 1970 Proof 1 Cent in OGP $1.00
595 France - 1853 D 10 Centimes $1.00
596 France - 1856 K 10 Centimes $1.00
599 France - 1854 W 10 Centimes $1.00
600 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
651 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
652 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse Book Low UNC $2.00
653 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
654 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
655 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 012 UNC $2.00
658 World Silver - Austria - 1868 10 Kreuzer $2.00
660 World Silver - Canada 1916 25 Cents $6.00
661 Greece - 1959 10 Drachmai UNC $10.00
663 World Silver - Canada 1921 25 Cents $8.00
664 World Silver - Canada 1921 25 Cents $8.00
666 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 001 UNC $2.00
667 2009 P Lincoln Cent "Formative Years" Doubled Die Reverse 002 UNC $2.00
670 Barbados - 1973 Proof 1 Cent and 5 Cents in OGP (two coins) $1.00
671 Barbados - 1973 Proof 10 Cents and 25 Cents in OGP (two coins) $1.00
672 Cayman Islands - 1974 Proof 5 Cents and 10 Cents in OGP (two coins) $1.00
673 Bahamas - 1973 and 1974 Proof 1 Cents in OGP (two coins) $1.00
674 Bahamas - 1973 and 1974 Proof 5 Cents in OGP (two coins) $1.00
675 Switzerland - 1921 10 Rappen NICE $8.00
676 Switzerland - 1936 2 Rappen KEY DATE $5.00
677 World Silver - Switzerland 1955 1/2 Franc BETTER DATE $4.00
679 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
680 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
681 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
682 1982 Silver Proof George Washington Commemorative Half Dollar in OGP $11.00
684 World Silver - Saint Thomas & Prince Island (Sao Tome et Principe) 1951 2 1/2 Escudos LOW MINTAGE $25.00
685 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
686 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
687 Bahamas - 1976 Proof 25 Cents in OGP $1.00
689 Two French Notgeld Tokens $2.00
690 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
691 Two French Notgeld Tokens $2.00
692 1986 Proof 2 CoinStatue of Liberty Set (Silver Dollar and Clad Half) in OGP $22.00
693 Mexico - 1954 5 Centavos UNC $3.00
694 World Silver - Japan 1932 50 Sen $6.00
695 Mexico - 1966 20 Centavos UNC $5.00
696 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
697 World Silver - Canada 1929 10 Cents $3.00
698 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
699 Mexico - 1973 20 Centavos UNC $6.00
700 World Silver - Canada 1948 10 Cents $3.00
751 1986 Silver Proof Statue of Liberty Dollar in OGP $20.00
752 Mexico - 1955 5 Centavos $1.00
753 Mexico - 1955 5 Centavos $1.00
755 Canada - "Heads and Tails" RCM Mint Booklet with 1968 Mint Set $5.00
756 Four Canada 1991 UNC Cents (4 coins) in OGP CELLO $1.00
757 Four Canada 1991 UNC 5 Cents (4 coins) in OGP CELLO $1.00
759 Four Canada 1991 UNC 10 Cents (4 coins) in OGP CELLO $2.00
760 Philippines - 1975 Proof 10 Cents in OGP $1.00
761 Nepal 1974 Proof Set LOW MINTAGE $3.00
762 Philippines - 1975 Proof 5 Cents in OGP $1.00
766 Four Canada 1991 UNC 50 Cents (4 coins) in OGP CELLO $4.00
767 Four Canada 1991 UNC 1 Dollar (4 coins) in OGP CELLO $7.00
768 Belize 1974 Uncirculated Specimen Set in OGP $25.00
771 Jamaica - 1976 Proof 1 Cent in OGP $1.00
773 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00
774 1964 D Washington Quarter UNC TONED $8.00
775 1961 Silver Proof Washington Quarter DEEP CAMEO $10.00
776 1974 P Kennedy Half Dollar UNC MINT CELLO $2.00
777 Poland - 2014 2 Zlotych UNC $2.00
778 Two Mixed World Coins $1.00
779 1959 Silver Proof Washington Quarter DEEP CAMEO $10.00
780 1956 Silver Proof Washington Quarter $6.00
781 1956 Silver Proof Washington Quarter $6.00
782 Two Mixed Tokens $1.00
783 1976 P Kennedy Half Dollar UNC MINT CELLO $2.00
785 1956 Silver Proof Washington Quarter $6.00
787 1941 S "Large S" Lincoln Wheat Cent $1.00
789 1953 Silver Proof Washington Quarter NICE $20.00
794 2011 S Silver Proof Glacier Quarter $6.00
795 St Pierre & Miquelon - 1948 1 Franc UNC $8.00
796 2013 S Silver Proof Great Basin Quarter $6.00
800 1995 Lincoln Cent Doubled Die Obverse $20.00
851 1971 Lincoln Memorial Cent NGC MS67RD (Price Guide $195)
852 1971 Jefferson Nickel NGC MS66 6FS (Price Guide $125)
853 1946 S Roosevelt Dime NGC MS67FT (Price Guide $95)
854 World Silver - Egypt AH1293 (Year 10; 1884) 10 Qirsh $12.00
856 1965 Roosevelt Dime NGC MS67 FULL TORCH (Price Guide $750)
857 1965 Washington Quarter NGC MS66 (Price Guide $30)
858 1971 Washington Quarter NGC MS66 (Price Guide $50)
859 1971 D Washington Quarter NGC MS67 (Price Guide $65)
860 1963 D Franklin Half Dollar NGC MS65 FULL BELL LINES (Price Guide $190)
861 1971 D Kennedy Half Dollar NGC MS67 (Price Guide $120)
862 1971 P Eisenhower Dollar NGC MS65 (Price Guide $80)
863 1825 Half Cent NGC VG10BN (Price Guide $85)
864 1939 S Jefferson Nickel PCGS MS65 Rev 1940 (Price Guide $90)
865 1943 P Silver Jefferson Nickel DDO (Doubled Eye) NGC XF45 (Price Guide $75)
866 1941 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $40)
867 1941 D Jefferson Nickel NGC MS67 5 Full Steps (Price Guide $175)
868 2011 S Silver Proof Chickasaw Quarter $6.00
869 2013 S Silver Proof White Mountain Quarter $6.00
870 1943 D Jefferson Nickel Old NGC MS67 (Price Guide $90)
871 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20)
872 1956 D Jefferson Nickel NGC MS65 TONED (Price Guide $20)
873 1958 Proof Jefferson Nickel NGC PF69 (Price Guide $110)
874 1978 D Jefferson Nickel NGC MS66 5 Full Steps (Price Guide $60)
875 1945 S Micro S Mercury Dime NGC MS66 (Price Guide $140)
876 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75)
877 1946 S/S Washington Quarter RPM-002 NGC MS65 (Price Guide $75)
878 1947 S/S Washington Quarter RPM-001 NGC MS66 (Price Guide $285)
879 1950 Washington Quarter DDR NGC MS66 (Price Guide $150)
880 1957 Washington Quarter Type B Reverse PCGS MS66 (Price Guide $110)
881 1958 Washington Quarter Type B Reverse NGC MS65 (Price Guide $100)
882 2013 S Silver Proof Fort McHenry Quarter $6.00
883 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
884 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
885 1959 Washington Quarter Type B Reverse NGC MS64 (Price Guide $40)
886 Canada - 1962 "Hanging 2" 1 Cent UNC $8.00
887 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
888 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
889 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
890 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
891 1959 Washington Quarter Type B Reverse NGC MS65 (Price Guide $55)
892 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
893 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50)
894 1960 Washington Quarter Type B Reverse NGC MS64 (Price Guide $50)
896 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
897 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
898 1960 Washington Quarter Type B Reverse NGC MS65 (Price Guide $65)
899 1962 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $110)
951 1963 Washington Quarter Type B Reverse PCGS MS65 (Price Guide $130)
952 1963 Washington Quarter Type B Reverse NGC MS65 (Price Guide $130)
953 Philippines - 1944 D/D 20 Centavos NGC AU58 RARE Variety (Priced at $55)
954 1942 Walking Liberty Half DDR NGC AU58 (Price Guide $100)
955 1942 Walking Liberty Half DDR PCGS MS67 GEM (Price Guide $6,000)
956 1953 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $170
957 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100)
958 1954 D Franklin Half Bugs Bunny PCGS MS64FBL (Price Guide $100)
960 1974 D Kennedy Half DDO PCGS AU58 (Price Guide $35)
961 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175)
962 1977 D Kennedy Half DDO NGC AU58 (Price Guide $175)
963 1977 D Kennedy Half DDO NGC MS61 (Price Guide $250)
964 1977 D Kennedy Half DDO NGC MS62 (Price Guide $350)
965 1977 D Kennedy Half DDO ANACS MS63 (Price Guide $100)
966 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250)
967 1977 D Kennedy Half DDO NGC MS65 (Price Guide $250)
968 1885 O Morgan Dollar NGC MS63 TONED (Priced at $100 due to toning)
969 Sterling Silver Cup Engraved "Johnny" 53.3 grams
971 Sterling Silver Cigarette Case Engraved "CML" 67.5 grams
972 2010 S Silver Proof Mount Hood Quarter $6.00
974 2011 S Silver Proof Olympic Quarter $6.00
976 2010 S Silver Proof Yosemite Quarter $6.00
977 1964 D Washington Quarter BU NICE $5.00
978 1959 D Washington Quarter BU NICE $5.00
979 Sterling Silver Tongs 19.1 grams
980 Sterling Silver Tongs 19.0 grams
981 1984 P Kennedy Half Dollar UNC MINT CELLO $2.00
982 1979 P Kennedy Half Dollar UNC MINT CELLO $2.00
983 1959 D Washington Quarter BU NICE $5.00
984 1959 D Washington Quarter BU NICE $5.00
985 France - 1919 10 Centimes NICE $2.00
986 1953 S Silver Washington Quarter NICE $8.00
987 France - 1945 C 5 Francs $2.00
988 France - 1945 C 5 Francs $2.00
989 Sterling Silver Spoon Engraved "Eugene 1892" 10.0 grams
990 France - 1946 C 5 Francs $3.00
991 France - 1946 C 5 Francs $3.00
992 France - 1946 C 5 Francs $3.00
993 France - 1946 C 5 Francs $3.00
994 1964 D Washington Quarter BU NICE $5.00
995 Sterling Silver Spoon Engraved "1893" 10.0 grams
998 1964 Washington Quarter BU NICE $5.00
999 1962 Washington Quarter BU NICE $5.00
submitted by stldanceartist to Coins4Sale [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Russia Proposes Harsh Penalties for Unreported Cryptocurrency Holdings

Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines.
The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested government departments, local news outlet Kommersant reported this week. The bill contains amendments to the Russian Criminal Code, the Criminal Procedure Code, the Administrative Code, the Tax Code, and the law on combating money laundering, the publication conveyed, claiming to be familiar with the bill.
The main changes from the previous bill concern the obligation of citizens to declare their cryptocurrency operations as well as the content of their cryptocurrency wallets. The ministry proposes requiring exchanges and users to inform the tax authority about cryptocurrency transactions.
Noting that the market views the previous draft law as posing significant restriction to the circulation of cryptocurrency in Russia, Kommersant reported that the new draft law is even more strict. “In particular, any person (natural or legal) who has received digital currency or digital rights of more than 100,000 rubles [$1,280] in a calendar year is obliged to inform the tax authority and submit an annual report on transactions with such assets and the balances of these assets.”
Bryan Cave Leighton Paisner (Russia) LLP’s senior tax lawyer Dmitry Kirillov explained that if the amendments are adopted, the first report will have to be submitted by April 30, 2021, for the 2020 tax filing year. He added:
" For failure to report to the tax authority, you can get a fine of 30% of crypto assets, but not less than 50,000 rubles."
Roman Yankovsky, a member of the commission on legal support of the digital economy of the Moscow branch of the Russian Lawyers’ Association, noted that foreign cryptocurrency businesses, including crypto exchanges and depositories, must send the tax authority quarterly information about their Russian cryptocurrency operations. While believing that “hardly anyone will take this rule seriously,” he elaborated:
"The liability is not limited to fines. Non-declaration of a crypto wallet if more than 1 million rubles [$12,796] have passed through it per year becomes a criminal offense of up to three years in prison. Also, forced labor can be used as a punishment."
Experts criticize the amendments are too harsh. Malta-based broker Exante co-founder Anatoly Knyazev, for example, believes that the penalties are disproportionate to the violations.
The Ministry of Finance also emphasized that recommendations by the Financial Action Task Force (FATF) are being considered, but noted that no final decision has been made on the regulation of cryptocurrencies in Russia.
The Ministry of Justice has confirmed that the proposed bill is under consideration for adoption in connection with the law on digital financial assets and digital currencies which will enter into force on Jan. 1, 2021.
Originally published by Kevin Helms | September 26, 2020 Bitcoin.com
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

Bitcoin Network Status Update Wednesday, September 16, 2020

Status of the Bitcoin network as of Wednesday, September 16, 2020 at 12:00:01 EST:

Total bitcoins: 18,491,171.044971
Height: 648,600
Difficulty: 17,345,997,805,929.089844
Statistics for the past 24 hours:
Number of blocks mined: 167
Total bitcoins output (amount sent): 3,235,728.265075
Total fees: 79.255568
Average time until block found: 8 minutes, 37 seconds
Estimated hashrate: 143,999,796,036.332977 gh/s
Current price: US$11,015.91
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase

Nasdaq-Listed Microstrategy Raises Bitcoin Holdings to $425 Million After Second Purchase
Billion-dollar public company Microstrategy Inc. has bought 16,796 more bitcoins. The company has purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million.
Microstrategy’s Bitcoin Investments
Microstrategy Inc. (NASDAQ: MSTR) has bought more bitcoin, CEO Michael Saylor revealed on Tuesday. He tweeted:
“ On September 14, 2020, Microstrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses.”
This follows an update the company provided the SEC about its bitcoin investment plan. In the filing dated Sept. 11, the Nasdaq-listed company revealed that its board of directors has adopted a new Treasury Reserve Policy “that updated the company’s treasury management and capital allocation strategies.”
Under this new policy, the company’s treasury reserve will consist of two types of assets. The first type comprises “cash, cash equivalents, and short-term investments … held by the company that exceed working capital needs.”
The second type consists of “bitcoin held by the company, with bitcoin serving as the primary treasury reserve asset on an ongoing basis, subject to market conditions and anticipated needs of the business for cash assets, including future potential share repurchase activity.” Microstrategy clarified: “As a result of this new policy, the company’s holdings of bitcoin may increase beyond the $250 million investment.”
Michael Saylor, Microstrategy’s CEO, has not always been pro-bitcoin. He tweeted back in 2013: “Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling.”
Microstrategy, which describes itself as “the largest independent publicly-traded business intelligence company,” announced its new capital allocation strategy in an earnings call on July 28, indicating that it would buy bitcoin. The company followed up with an announcement on Aug. 11 that it had purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The crypto community views the two purchases by Microstrategy as very bullish.
What do you think about Microstrategy increasing its bitcoin holdings? Let us know in the comments section below.
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submitted by TOTBTC-Official to u/TOTBTC-Official [link] [comments]

09-15 15:26 - 'MicroStrategy Invests Another $175m Buying 16,796 More Bitcoins' (bitcoinmaximalist.net) by /u/TommyofLeeds removed from /r/Bitcoin within 40-50min

MicroStrategy Invests Another $175m Buying 16,796 More Bitcoins
Go1dfish undelete link
unreddit undelete link
Author: TommyofLeeds
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The 57.13% Bitcoin Theory - Thriller Crypto Analysis

This is a running theory I have been working on for the past couple weeks. Was not sure to share it here as was very afraid how it would be perceived...but I think this could help a lot of people get out at the top. Shout out to TradingShot for getting my mind thinking this way.

Look at the numbers using the 57.13% Bitcoin Theory…

  1. Bitcoin always peaks at 57.13% higher than its last high in the same bull run give or take (+/- 5%).
  2. Looking just at the current first half of this bull run, the first peak was $5,642; increase that by 57.13% and you get $8,865 (actual was $9,008), increase that by 57.13% and you get $13,930 (actual was $13,796), increase that by 57.13% and you get $21,888.
  3. You can also confirm this theory from the last bull run. The first peak was at $314. If you apply 57.13% increase progressively, you get:
The last bull run one was an anomaly at $20,089. Thinking this was just a pop off the top because of rush of the retail market buying in after $18,353.

Applying the 57.13% Bitcoin Theory to the rest of this run are as follows give or take (+/- 5%):

Projected: $21,888 - $34,393 - $54,042 - $84,916 - $133,429 $209,657 - $329,434.
But of course we may not make it through all those stages because buying will exhaust at some point (very important to keep that in mind.)
Using the 57.13% Bitcoin Theory my safest guess would be the following give or take (+/- 5%) Please keep in mind dates could be wrong:
$21,888 by December 2020
$34,393 by February 2021
$54,042 by May 2021
$84,916 by August 2021
$133,429 by October - December 2021.
This will go right inline with my previous research that Bitcoin will be jumping & dropping 10K levels after the halving this year. Will see this occur in 2021.
I have a part-time subscription podcast that goes deeper into the current bull run, it's free if you want to subscribe. thrillercrypto.substack.com I do this part time outside of my full time job...just find bitcoin so fascinating.
submitted by ThrillerPodcast to BitcoinMarkets [link] [comments]

Bitcoin Network Status Update Saturday, August 08, 2020

Status of the Bitcoin network as of Saturday, August 08, 2020 at 12:00:01 EST:

Total bitcoins: 18,454,896.044971
Height: 642,796
Difficulty: 16,847,561,611,550.269531
Statistics for the past 24 hours:
Number of blocks mined: 145
Total bitcoins output (amount sent): 985,003.904955
Total fees: 96.117577
Average time until block found: 9 minutes, 55 seconds
Estimated hashrate: 121,437,040,341.634613 gh/s
Current price: US$11,756.76
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Thursday, June 04, 2020

Status of the Bitcoin network as of Thursday, June 04, 2020 at 12:00:01 EST:

Total bitcoins: 18,393,946.044971
Height: 633,044
Difficulty: 14,951,858,989,988.240234
Statistics for the past 24 hours:
Number of blocks mined: 151
Total bitcoins output (amount sent): 1,091,858.194339
Total fees: 70.532431
Average time until block found: 9 minutes, 32 seconds
Estimated hashrate: 112,232,402,208.441910 gh/s
Current price: US$9,796.92
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Network Status Update Tuesday, March 24, 2020

Status of the Bitcoin network as of Tuesday, March 24, 2020 at 12:00:02 EST:

Total bitcoins: 18,284,871.044972
Height: 622,796
Difficulty: 16,552,923,967,337.230469
Statistics for the past 24 hours:
Number of blocks mined: 131
Total bitcoins output (amount sent): 1,395,187.898999
Total fees: 50.990001
Average time until block found: 10 minutes, 59 seconds
Estimated hashrate: 107,793,391,052.005890 gh/s
Current price: US$6,565.02
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
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Bitcoin Network Status Update Tuesday, February 11, 2020

Status of the Bitcoin network as of Tuesday, February 11, 2020 at 12:00:02 EST:

Total bitcoins: 18,211,796.044972
Height: 616,950
Difficulty: 15,500,121,816,950.234375
Statistics for the past 24 hours:
Number of blocks mined: 128
Total bitcoins output (amount sent): 1,020,161.328645
Total fees: 34.769517
Average time until block found: 11 minutes, 15 seconds
Estimated hashrate: 98,625,949,957.399765 gh/s
Current price: US$10,287.11
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
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SQ. I compiled information, with sources, so you don't have to.

SQ. I compiled information, with sources, so you don't have to.

Financials

Q1 2019 Shareholder Letter
Q1 2019 Highlights
  • Total net revenue $959 million, +43% YoY.
  • Adjusted revenue $489 million, +59% YoY.
  • Adjusted EBITDA $62 million, +72% YoY.
  • Net income (loss) per share ($0.09), -50% YoY. (Due to investment in Eventbrite, not including Eventbrite net income (loss) per share was ($0.06), 0% YoY)
  • Adjusted net income per share $0.11, +83% improvement YoY.
Q2 2019 Guidance
  • Total net revenue $1.09B to $1.11B
  • Adjusted Revenue $545M to $555M
  • Adjusted EBITDA $90M to $94M
  • Net income (loss) per share $(0.07) to $(0.05)
  • Adjusted EPS (diluted) $0.14 to $0.16
Q4 2018 Shareholder Letter
Q4 2018 Highlights
  • Total net revenue $933 million, +51% YoY.
  • Adjusted revenue $464 million, +64% YoY.
  • Adjusted EBITDA $81 million, +97% YoY.
  • Net loss per share ($0.07), -75% YoY. (Due to investment in Eventbrite, excluding Eventbrite net loss per share was ($0.03), +33% YoY.)
  • Adjusted EPS $0.14, +75% YoY.
Q1 2019 Guidance
  • Total net revenue $918M to $938M
  • Adjusted Revenue $472M to $482M
  • Adjusted EBITDA $47M to $51M
  • Net income (loss) per share $(0.12) to $(0.10)
  • Adjusted EPS (diluted) $0.06 to $0.08

News

Square Quietly Launches Program For CBD Cannabis Company Credit Card Processing | May 22 2019
Companies that sell cannabis products—even those consisting of CBD derived from hemp, which was legalized in the U.S. through the Farm Bill late last year—are continuing to have trouble accessing basic financial services that are available to businesses in other sectors. That includes being able to maintain bank accounts and process their customers' credit cards. “Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company said in an email. When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to create new opportunities for clients.
Square Spends $20 to Acquire Each New Cash App User | May 16, 2019
Square's (NYSE: SQ) Cash App has grown to become a meaningful contributor to the company's top-line growth. The peer-to-peer payments app turned financial multitool is the No. 1 driver of its subscription and services segment, management said at the J.P. Morgan Global Technology, Media and Communications Conference. During that conference, CFO Amrita Ahuja noted the company's per-customer acquisition cost for Cash App is about $20. That's actually quite low relative to other financial services, and even compared to other apps.
Square’s AI Platform Could Transform SQ Stock | May 13, 2019
Eloquent Labs is the developer of Elle, which can converse intelligently with a customer through a conventional online-chat platform without any human input from the service provider. While resolving complex customer-service needs remain currently out of reach, Elle can easily handle simpler-but-distracting tasks like returns and product-tracking.
Square teams up with Postmates for delivery partnership | May 9, 2019
Through the arrangement, Square SQ, sellers will be able to use Postmates couriers to get goods to customers who call up to place orders or visit a store. Merchants will be able to integrate Postmates with their existing Square point-of-sale systems.
Square's Bitcoin Platform Remains Surprisingly Profitable | May 7, 2019
Square's bitcoin revenue accounted for 6.8% of its net revenue during the first quarter, compared to 5.1% in the prior year quarter. However, Square's bitcoin profits only accounted for about 0.2% of its gross profit during the quarter, versus less than 0.1% a year earlier. Square's bitcoin business won't move the needle anytime soon, but its top and bottom line growth is impressive, especially since bitcoin shed roughly 40% of its value over the past 12 months. If bitcoin's price rises again and it attracts more buyers, Square's bitcoin revenue and gross profits could surge much higher.
Instead of viewing Square's bitcoin platform as a separate business, investors should see it as part of the company's long-term plan to lock users into its Cash App. Cash is one of the top peer-to-peer payment apps in the U.S. alongside PayPal's (NASDAQ: PYPL) Venmo and the bank-based Zelle, and it's still growing rapidly. Last quarter Square stated that its Cash App payment volume rose nearly 2.5 times annually. For comparison, PayPal stated that Venmo's payment volume rose 73% annually in its most recent quarter.
How Square's Cash App Makes Money (SQ) | May 6, 2019
Square makes money from Cash App by charging businesses transaction fees for using its software. For a 1.5% transaction fee, individual users can expedite deposits to have them transferred immediately into their bank accounts instead of waiting the standard deposit time. They can also send personal payments from credit cards for a 3% transaction fee.
Village Financial Cooperative partners with Square to bring tech and education to the North Side | Apr 18, 2019
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis. Village Financial Cooperative announced the partnership with the San Francisco-based financial technology company on Thursday. In a statement, the credit union made the case that its mission to empower the black community required it to be at the forefront of financial technology, shaping products and practices. Me’lea Connelly, the credit union’s vision and strategy lead, said the partnership, which includes the city of Minneapolis, was a year in the making. It will officially launch April 27 during “Village Squared: A Black Economic Empowerment Symposium,” one of the events closing out Minneapolis Tech Month.
Square (SQ) to Open New Office, Expand Presence in Seattle | April 11, 2019
Square Inc. SQ recently signed a lease to buy a property in Seattle, in view of opening a new office therein. The office is expected to accommodate approximately 100 workers. We believe that the developments will enable it to carry on with new growth initiatives.
Why Square Is Hiring Cryptocurrency Experts | April 3, 2019
Square (SQ) has announced a plan to hire several cryptocurrency experts. Square’s crypto team will work on an open-source initiative as part of the company’s contribution to the development of a cryptocurrency ecosystem. Although Square says the crypto team it’s planning to create won’t focus on its commercial interests, the company still stands to benefit if the team’s efforts lead to the broader uptake of cryptocurrencies such as Bitcoin. Square operates a cryptocurrency exchange that allows users of its Cash App to buy and sell Bitcoin. In the fourth quarter, Square’s Bitcoin business generated $52.4 million in revenue, up from $43 million in the third quarter. Square is already making a small profit from its Bitcoin business even though the overall business is still seeing losses.
Where Does Square Rank in the Food Ordering Market? | April 3, 2019
Caviar is among America’s top five food ordering services. Square (SQ) runs an online food ordering and delivery business called Caviar. Through the Caviar app, people can order food from more than 3,000 restaurants across the United States and have food delivered to their doorsteps. According to the latest rankings of on-demand food delivery services, Square’s Caviar is one of America’s top online food ordering and delivery providers, but it’s currently holding on to a tiny share of the market.
Square Partners with Washington Nationals to Enable Order-Ahead and In-Seat Card Payments at D.C.’s Nationals Park | March 27, 2019
Square has partnered with the Nationals to create a concession stand that offers the only skip-the-line, order-ahead experience in the ballpark, powered by Caviar Pickup. Fans who open the Caviar app from their seats will be able to order their concessions in advance – including beer and wine for fans 21 and over – and receive an alert when their food is ready to be picked up. The stand will feature food from exclusive Caviar restaurant partners, featured in a rotating series of pop-ups throughout the season. On Opening Day, fans will be able to enjoy Hong Kong-style Chinese food from Tiger Fork, with future food options including biscuits from Mason Dixie and ramen from Toki Underground. Square Terminal, the handheld, all-in-one payment processing hardware device, will also be piloted by roving concessions hawkers at Nationals Park. Square Terminal will allow fans to pay using credit cards or contactless payments like Apple Pay or Google Pay as they purchase food and beverage items from the comfort of their seats. With Square’s point of sale and employee management software built right into Square Terminal, it’s easy for hawkers to quickly accept payments. Square Terminal will help fans who don’t carry cash, and will speed transaction times as hawkers spend less time counting change and more time making sales.
Square introduces invoice app; brings Stand to Japan | Mar. 26, 2019
App allows sellers to create, manage, and send invoices using mobile devices. “With the Square Invoices app, small business owners are able to get paid remotely and access their funds quickly and securely," says Alyssa Henry, seller lead at Square. Separately, in Japan, Square introduces Stand for iPad and its reader for contactless and chip.
Square Expands Omnichannel Offerings with New Square Online Store and a Revamped Square for Retail | March 20, 2019
The new Square Online Store allows sellers to grow their business in person and online, with a professional eCommerce website and integrated tools including Instagram selling, shipping, in-store pickup, and more. The new product also brings the Square Online Store experience to restaurants, allowing sellers to offer seamless online ordering from their website, customized pickup times across multiple locations, and the option to easily pay ahead for online orders. Square for Retail, the point-of-sale app optimized specifically for retailers, has also been completely redesigned with expanded product features. For the first time, business owners who also want to sell online can easily create a professional website and automatically connect their Square for Retail catalog to their Square Online Store, allowing them to sync their items, inventory, prices, and data instantly across online and offline channels. Sellers that use Square for Retail and Square Online Store can also enable their customers to easily shop online and pick up their purchases in store, a feature typically only available to larger retailers. Finally, the Retail point-of-sale app has been redesigned to make managing online orders alongside a brick-and-mortar store quick and intuitive.

Leadership

Jack Dorsey - CEO - $2.75
Jack is CEO and Chairman of Square, CEO of Twitter, and cofounder of both.
Amrita Ahuja - CFO -
Amrita is Square’s Chief Financial Officer. She was previously CFO of Blizzard Entertainment, a division of Activision Blizzard, and held various leadership positions at Fox Networks Group, the Walt Disney Company, and Morgan Stanley.
Kevin Burke - Marketing and Sales Lead
Kevin oversees Square marketing, sales, and partnerships, as well as international markets. Prior to joining Square, Kevin was CMO at Visa Inc.
Jesse Dorogusker - Hardware Lead
Jesse leads hardware product development at Square, including design, cross-functional engineering, manufacturing, and operations. Prior to Square, Jesse was the Director of Engineering for Apple’s iPhone, iPad, and iPod Accessories business.
Brian Grassadonia - Cash App Lead
Brian leads Cash App, the fastest and easiest way to pay individuals or businesses. Brian has held a number of leadership positions at Square including helping to launch the company’s flagship credit card reader.
Alyssa Henry - Seller Lead - $3,870,481
Alyssa leads product management, design, and engineering for Square’s seller facing products including payments, point of sale, Customer Engagement, and Payroll. She previously served as VP of Amazon Web Services (AWS) Storage Services and Product Unit Manager for Microsoft SQL Server Data Access.
Sam Quigley - Risk and Security Lead
Sam leads engineering, product management, and data science for risk and information security. As an early engineering leader at Square, Sam helped to build and scale many of Square’s products.
Gokul Rajaram - Caviar Lead
Gokul oversees Caviar, Square’s growing food ordering service. Prior to Square, he served as Product Director of Ads at Facebook and Product Management Director for Google AdSense.
Jacqueline Reses - Square Capital Lead - $3,972,968
Jackie leads Square Capital, overseeing credit products that provide sellers with access to the funding they need to grow and consumers with the ability to pay for purchases over time. She previously served as Yahoo’s Chief Development Officer and was on the Board of Directors at Alibaba Group. She also serves on the Federal Reserve Bank of San Francisco’s Economic Advisory Council.
Sivan Whiteley - General Counsel - $2,796,591
Sivan oversees Square’s legal, regulatory, compliance, and security operations. A longtime leader of Square’s legal team, she previously held positions at Better Place, eBay, and Bingham McCutchen.
Aaron Zamost - Communications, Policy and People Lead
Aaron leads Square’s communications, government relations, and community affairs efforts, as well as human resources and talent. Prior to joining Square, Aaron led business communications at YouTube and managed corporate communications at Google.

Technical analysis

Descending triangle
Daily Chart
Weekly chart

Institutions

May 16 2019 Buckingham reiterated a buy rating with a $100 price target.
May 2 2019 Needham reiterated a buy rating and lowered their price target from $95 to $90.
May 2 2019 Guggenheim reiterated a buy rating and raised their price target from $92 to $94.
April 9 2019 KeyBanc Capital reiterated an outperform rating with a $100 price target.
April 3 2019 Bernstein initiated a market perform rating with an $80 price target.
March 28 2019 Instinet reiterated a buy rating with a $105 price target.
March 27 2019 Macquarie initiated an outperform rating with a $94 price target.
March 25 2019 RBC Capital reiterated an outperform rating with an $88 price target.
February 27 2019 Canaccord Genuity reiterated a buy rating with an $88 price target.
Vanguard, Blackrock, Jennison, Fidelity, Morgan Stanley, State Street, Allianz, and Goldman Sachs are the largest institutional holders of SQ respectively, collectively making up over 25% of ownership.
submitted by nikolabs to RobinHood [link] [comments]

5 cryptocurrencies to invest in 2020

5 cryptocurrencies to invest in 2020

https://preview.redd.it/pzn1ho8cj9i41.png?width=1500&format=png&auto=webp&s=90ee62c6b9271813506ba4cf2b526d16ec285f12
There is no doubt that 2020 will be an important year in the history of cryptocurrencies:
the next halving of BTC, the arrival of the ETH 2.0 era, the possible launch of the token of the Central Bank of China and Europe, the new presidential elections in America, the intense situation in the Middle East …
In the face of the great economic instability, a question that continues to haunt the investors is: What should I buy?
If you have not found a good answer, it is worth paying attention to these 5 cryptocurrencies:
TOP1: Bitcoin
https://preview.redd.it/xtxw64xdj9i41.png?width=1053&format=png&auto=webp&s=4868e166e42c3dd32299acc6d263fad803c753e0
Completing 11 years in the market, Bitcoin currently dominates 70% of the cryptocurrency market.
The reasons to invest in BTC in 2020:
1) Another halving is coming
The 3rd BTC halving will take place in May 2020, which may drive the price to a new level:
The halving will result in a decrease in BTC production, which will lead to an imbalance between supply and demand in the market and drive up prices.
The halving will increase the difficulty of mining Bitcoin and reduce the profit of it. In this sense, miners always bull the market, as the price increase can make up for the entire industry’s losses. While the mining giant has accumulated huge wealth during the BTC dividend period, it will become a guarantee for the rise in BTC prices.
The expectation about halving has become a consensus, and the public’s fear of missing out in the market will drive prices up. It is worth noting that the halving of BTC does not necessarily occur at the time of halving. Based on the previous two experiences, the boon will be released before the halving.
Therefore, You can start to build your position in Bitcoin at an early date, wait for the maximum to arrive and sell at the right time to reduce the risk.
2) Financial havens
Weiss Crypto Ratings considered Bitcoin as the ultimate digital safe haven, whose value will grow in the face of the instability of the international scenario.
Geopolitical conflict. Since 2020, the global risk aversion has greatly increased due to tensions in the Middle East.
Concerns about the global recession: Bitcoin has grown 16% in 2020, and gold has reached its highest price of $ 1610 during the past seven years.
TOP2: BCH
https://preview.redd.it/cbg9ymkgj9i41.png?width=1051&format=png&auto=webp&s=e8a3df0abd8e0660a8bf706571c01fa76d0238d7
BCH is a token derived from BTC during the hard fork process, so its price has a great correlation with the price of Bitcoin.
The height of the BCH block is slightly higher than the height of BTC, so the BCH halving will arrive on April 6, 2020.
Top3:BNB
https://preview.redd.it/4qm7axeij9i41.png?width=1050&format=png&auto=webp&s=005ecf56879e59fa26fbfb62afc6428893be1efb
The year 2019 was considered as a year of bomb for exchange tokens, among which some achieved incredible performance and are among the 20 most valued cryptos in the world, as investors considered them as the most guaranteed cryptocurrencies.
And BNB is a “potential stock”:
Its price multiplied 8.5 times and its capitalization value rose from 861th place to 8th place, as a result of the launch of the IEO (Initial Exchange Offerings) model by Binance in 2019.
Entering the market with a price of $ 0.10 in July 2017, BNB reached its highest increase in June 2019 with a price of around $ 39.57.
Hold for two years = 388 times profit!
In 2020, the value of BNB will also increase with the growth of Binance.
Top4:Tezos
https://preview.redd.it/rg6y11ikj9i41.png?width=1061&format=png&auto=webp&s=93c793ad1c62c9b6f62e2a46f6358f54dca7f9ae
Tezos is one of the public chain projects that managed to survive the fierce competition in the market.
In June 2017, the Tezos project raised $ 232 million during its initial coin offering (ICO), the largest funding among all ICO projects at that time.
In October 2019, Tezos continued to rise, from a minimum price of $ 0.74 in October to a maximum of $ 1.85 in December, an increase of more than 160%, ranking among the top ten by market value.
The reason behind this is that Coinbase has launched staking support for Tezos, which represents the affirmation of the Tezos project, as Coinbase has always been known for its strict project review.
Compared to the highest value of $ 12, Tezos still has a long way to go. Given its reversal in 2019, it deserves attention in 2020 so as not to miss good investment opportunities.
Top5:Maker(MKR)
https://preview.redd.it/j9ch8wumj9i41.png?width=1051&format=png&auto=webp&s=246a2a06ff16e62e7684b2ef1e0fb061017bba77
In 2019, Defi (Decentralized Finance) has become a new hotspot in the blockchain and is considered a “new financial revolutionary movement”.
Maker is the “central bank” of the DeFi lending market, with a market share of over 49%. Those who cannot obtain a loan from the traditional banks can borrow digital assets on the Maker platform. At present, the stable currency DAI is the main borrowing asset, accounting for 74% of the total loan amount, and DAI is the stable currency issued by the Maker platform.
The DeFi market has achieved continuous growth in 2019. According to DeFireview data, as of December 24, 2019, the total locked position reached 796 million U.S. dollars, of which Maker accounted for 39.16%. Compared with January, it has increased by nearly two times, and on June 25, it reached to the highest total amount, which is $ 1.72 billion.
MKR is the token of the Maker system. With the growth of the Defi market, MKR has risen steadily by 12% since the beginning of this year. The market value of MKR jumped to the top 20.
In 2020, with the centralized exchanges starting to launch Defi business and the huge potential of the lending market, the prospect of Maker is exciting.
Keep in mind that investing in cryptocurrencies is always risky, and investing in only one cryptocurrency will face greater risks.
Diversify your portfolio!
All information contained in this article is for reference only.
submitted by NovaDAX to NovaDAX [link] [comments]

Weekly Leaderboard Log/Statistics for January 12, 2020

# Name Points Time Win% G W L Pup% Save% Tags Popped Grabs Caps Hold Prevent Returns Support DCs
1 HeffahBenj 6565 27:24:02 48% 329 156 165 6% 0% 2095 2076 1656 114 02:57:27 05:32:29 1854 6791 1
2 pinkysquat 5919 25:05:11 47% 318 149 148 11% 22% 1938 2389 2024 195 03:51:43 02:42:04 1560 6025 14
3 Ahab 5466 21:27:24 57% 255 141 105 11% 38% 1878 1696 1462 150 02:56:08 03:06:31 1546 4921 1
4 (420) 5466 22:58:37 50% 301 149 136 5% 20% 1585 2142 1790 166 03:07:11 02:51:57 1394 5442 8
5 Pouches 5208 20:50:43 53% 256 134 114 9% 20% 1584 1529 1237 85 02:30:41 03:28:44 1296 4712 4
6 tha king 4869 18:49:04 61% 222 135 80 8% 33% 1683 1440 1194 124 02:14:08 03:48:49 1463 4956 3
7 dangerz0ne 4815 21:04:28 42% 267 110 148 8% 0% 1260 1759 1330 71 02:26:05 02:50:26 1046 4844 3
8 Overkill 4746 20:49:34 43% 313 130 84 11% 17% 1896 1531 1137 81 01:45:38 03:41:42 1584 4755 85
9 phonix 4686 18:21:01 52% 224 115 102 11% 45% 1468 1492 1257 116 02:11:47 02:56:13 1108 4769 1
10 FK 4669 16:45:02 68% 225 152 52 9% 37% 1943 1292 1129 123 02:20:59 02:56:36 1713 3591 18
11 Nobody12345 4648 20:51:09 38% 261 97 147 6% 0% 1206 1719 1381 90 02:21:01 03:27:17 1053 3923 6
12 poof 4558 19:32:06 50% 262 129 98 9% 11% 1598 1977 1666 161 03:07:44 02:19:25 1350 4837 27
13 Sunder 4488 18:14:20 54% 255 132 77 14% 14% 1490 1525 1418 139 03:18:13 02:36:06 1193 4281 34
14 Sanitence 4215 15:57:09 61% 208 127 74 14% 40% 1414 1259 1148 150 02:13:12 02:27:58 1132 4064 4
15 Werth 4072 16:12:18 54% 200 106 89 9% 28% 1308 1458 1214 119 02:08:33 02:42:17 1077 4511 0
16 xcv 3979 15:22:09 60% 186 112 72 15% 60% 1366 1187 1117 129 02:27:36 02:13:50 1084 3735 0
17 Halcyon 3820 16:52:39 47% 218 101 111 5% 14% 1200 1411 1036 65 01:31:01 02:43:51 1033 3890 0
18 PuyoPuyo 3811 16:03:46 46% 210 92 107 6% 16% 951 1335 1072 74 01:58:46 02:20:17 799 3336 1
19 slime666 3576 15:42:22 41% 199 80 110 7% 37% 1304 1669 1261 87 01:40:48 02:02:46 1117 4136 4
20 tic tac 3560 15:25:26 42% 197 82 104 5% 25% 982 1439 1154 86 01:48:25 02:19:33 873 3317 5
21 Yo YoYo 3551 15:57:12 44% 207 90 92 8% 22% 1071 1652 1382 98 02:21:40 01:55:12 902 4114 20
22 DeAndre 3540 16:01:17 40% 200 78 108 6% 25% 855 1607 1280 91 02:07:50 01:55:07 712 3696 8
23 Paint Ball 3503 14:12:46 60% 184 108 70 7% 33% 906 1247 1152 131 02:21:51 01:47:32 807 3579 0
24 cantstop 3459 13:48:09 58% 180 99 54 10% 0% 1097 1200 1150 144 02:40:24 01:54:21 926 2823 16
25 CoolHandJuke 3443 15:49:34 36% 217 77 100 10% 0% 1174 1382 1096 63 01:59:13 01:53:27 919 3889 34
26 nov 3391 13:33:36 60% 175 101 64 13% 20% 1073 1011 903 90 01:54:44 01:39:40 807 3120 2
27 yas kween 3381 13:42:37 52% 170 88 79 10% 25% 932 1125 959 79 01:59:13 01:41:27 727 2943 0
28 4est 3355 12:38:43 62% 153 95 56 11% 33% 1037 967 879 85 01:58:05 02:01:00 866 2868 0
29 Hermione 3349 15:08:30 40% 193 76 94 5% 28% 923 1191 965 58 01:41:03 02:31:49 796 3347 18
30 Korgmonkey 3332 12:31:20 65% 155 100 48 9% 50% 1057 1029 907 97 01:52:18 01:34:29 891 3148 4
31 AmishVacuum 3290 14:02:57 44% 186 79 82 9% 20% 945 1403 1122 91 02:04:25 01:37:43 769 3631 18
32 Pig Bodine 3277 12:50:15 57% 179 101 44 14% 50% 1139 1049 993 119 02:02:38 02:05:06 924 3012 32
33 D4NK_JUK3R 3243 12:10:27 63% 154 97 52 13% 50% 1221 1031 838 100 01:52:27 01:24:49 1061 2230 3
34 K42larson 3206 12:09:17 58% 157 90 61 15% 0% 990 924 793 78 01:29:37 02:08:14 704 3074 2
35 sicky 3123 12:45:13 55% 167 89 65 10% 25% 906 948 703 55 01:25:05 01:54:53 708 3216 5
36 rubik's ball 3106 13:03:41 47% 155 71 76 7% 37% 937 1075 840 48 01:32:52 02:03:59 794 2890 3
37 Anne Fake 3093 12:52:09 55% 184 97 63 13% 21% 1064 1165 1068 124 02:19:23 01:20:53 824 3229 14
38 Big N 3080 12:23:13 56% 167 92 57 5% 16% 930 1082 946 91 01:31:56 01:46:38 843 4154 14
39 Victor messi 3067 12:57:29 44% 162 71 75 10% 25% 885 1164 1009 86 02:08:46 01:29:38 714 3147 13
40 dobs 3059 12:11:55 56% 145 81 61 11% 83% 877 979 835 65 01:43:38 01:31:33 699 2826 2
41 Snot Boogie 3057 12:35:29 47% 161 75 80 8% 50% 1049 1076 896 69 01:46:21 01:38:43 900 3305 4
42 greentea 3050 12:44:36 55% 170 92 59 9% 50% 997 1053 820 66 01:27:44 02:10:36 864 3263 15
43 Wilma 3031 11:33:07 63% 144 89 49 11% 33% 808 1024 970 116 02:31:30 01:11:58 682 2709 2
44 rombus ghost 3030 11:37:36 61% 141 84 51 9% 20% 1030 1024 876 80 02:04:09 01:24:06 882 2896 2
45 Pro Boat 3026 12:13:10 51% 152 75 61 8% 33% 1039 1167 1042 90 02:16:13 01:40:25 916 3261 11
46 Potatochip 2941 11:22:24 61% 141 86 45 17% 50% 1056 911 842 95 01:38:39 01:24:25 807 2781 9
47 NIKU 2937 10:38:39 70% 141 97 38 10% 0% 1082 768 681 78 01:22:19 02:13:55 948 2463 2
48 Zig! 2919 11:02:05 68% 139 92 43 4% 0% 947 883 620 72 00:47:59 02:57:19 870 3158 0
49 ballinout 2862 11:44:26 52% 164 84 53 10% 33% 942 1165 1058 96 02:04:40 00:56:29 703 2956 23
50 o high o 2854 10:57:10 60% 137 79 52 8% 25% 916 1131 1036 100 01:59:19 01:10:41 810 2819 0
51 llamatron 2798 10:09:24 62% 125 77 46 17% 0% 1025 786 671 80 01:15:26 01:27:22 754 2640 0
52 Jerry. 2797 10:44:58 67% 140 94 39 5% 50% 887 1043 968 107 01:56:14 01:26:38 807 3320 6
53 Gubbles 2793 10:54:16 56% 137 74 57 14% 16% 905 888 746 87 01:37:03 01:33:37 729 2148 1
54 Pit-trout 2755 10:51:59 63% 130 79 45 7% 0% 830 1143 966 87 01:44:21 01:13:18 656 3339 1
55 Nilus 2748 10:55:31 64% 149 92 43 10% 50% 1035 961 818 86 01:32:53 01:47:45 890 3167 8
56 Mars 2682 09:19:42 76% 118 88 27 17% 25% 928 819 821 131 01:40:24 01:10:34 762 2397 0
57 Dad <| 2680 10:38:33 59% 130 75 49 9% 0% 821 986 906 92 01:43:15 01:23:54 658 2911 3
58 Tr4cyMcGravy 2674 10:31:31 57% 125 69 44 8% 0% 875 846 736 61 01:25:36 01:33:30 746 2631 7
59 OuchMyBalls 2671 10:25:56 58% 132 77 48 12% 0% 959 974 880 98 02:05:43 01:12:55 759 2558 6
60 breakdown 2669 12:40:01 33% 170 55 95 7% 12% 655 1294 1124 59 02:04:41 01:14:17 565 2513 13
61 Ballsier 2665 11:48:08 42% 144 60 78 8% 0% 849 980 831 56 01:37:27 01:53:21 699 3346 2
62 Monorchid 2659 11:04:03 49% 137 66 52 9% 20% 829 1022 893 81 02:02:35 01:11:09 648 2829 16
63 L. Reuteri 2630 12:00:58 39% 159 60 65 6% 20% 896 1106 853 69 01:30:58 01:34:15 772 2960 28
64 Hong Thong 2593 11:02:20 48% 136 64 61 10% 20% 765 1206 997 82 01:45:19 01:07:02 595 2646 7
65 Vsaucedrn 2585 12:10:00 32% 160 48 96 6% 0% 777 1061 806 47 01:10:08 02:15:30 680 2468 3
66 SOCIALISM! 2571 10:26:35 44% 136 59 67 12% 0% 905 861 679 52 01:02:03 01:49:56 765 2951 6
67 f t 2567 10:29:52 50% 127 64 61 13% 0% 801 963 797 62 01:40:58 01:10:19 613 2575 1
68 xenn 2567 10:59:23 49% 143 68 60 5% 0% 914 858 686 53 00:58:35 02:05:07 806 2732 10
69 Prevntus 2553 09:54:40 56% 123 67 44 11% 16% 858 913 798 91 01:27:27 01:18:21 759 2538 7
70 Bitcoin CEO 2547 10:44:21 46% 133 61 65 9% 0% 690 926 813 79 01:43:53 00:54:24 512 2551 4
71 Mr awesome:) 2547 09:34:50 66% 120 79 36 9% 33% 925 797 764 93 01:30:50 01:37:21 786 2503 3
72 BUTTSNAKE 2535 09:36:24 61% 124 75 42 11% 40% 967 841 717 75 01:21:23 01:29:13 803 2287 4
73 Abe 2530 10:11:37 50% 135 67 49 12% 0% 863 814 702 70 01:27:51 01:42:30 720 2139 16
74 GoodAtTagPro 2491 10:16:17 51% 121 62 59 6% 100% 771 935 806 86 01:38:42 01:17:32 659 2357 0
75 ALCAEUS 2474 10:02:33 62% 132 79 43 11% 40% 660 937 889 107 01:59:32 01:15:22 522 2311 4
76 Oink Oink 2471 10:16:05 44% 135 58 63 14% 0% 813 853 680 62 01:18:13 01:23:37 638 2428 9
77 WarriOrs 2468 08:09:10 87% 120 101 15 18% 33% 858 790 786 142 01:47:20 00:39:58 658 1734 0
78 PoopMaster 2466 09:56:49 53% 117 61 51 8% 40% 649 830 718 54 01:30:22 01:23:50 514 2241 2
79 Grifalicious 2454 09:31:14 57% 127 72 53 7% 71% 842 712 634 62 01:03:18 01:49:24 719 2816 0
80 ball pun 2441 12:08:13 26% 183 46 102 6% 10% 696 1137 875 48 01:12:11 01:49:07 589 3006 28
81 hamsun 2432 08:58:27 63% 121 76 36 18% 80% 777 729 711 100 01:50:58 00:59:20 562 2134 8
82 SmallyBigs 2424 11:10:39 38% 154 58 85 7% 20% 662 1120 930 83 01:39:02 01:27:59 587 2653 7
83 Gvendolino 2422 09:26:41 68% 124 83 38 11% 0% 886 768 640 72 01:11:00 01:56:31 756 2598 0
84 Elmiracle 2418 10:05:32 46% 129 58 60 12% 22% 877 909 734 62 01:26:09 01:26:02 729 2536 6
85 ez 2407 08:51:30 68% 113 77 35 15% 83% 712 750 697 95 01:36:19 01:10:57 540 1994 0
86 bendytoots 2401 09:12:13 61% 119 71 40 11% 0% 858 770 693 70 01:19:27 01:10:01 701 2119 4
87 owen 2399 08:40:07 65% 118 76 37 15% 40% 890 689 643 78 01:19:18 01:24:44 744 2164 3
88 JKooter 2390 08:55:45 61% 109 66 41 10% 0% 709 838 797 100 01:44:36 01:10:15 575 2341 0
89 adawg 2374 09:43:46 51% 118 59 55 12% 20% 690 747 628 56 01:21:55 01:08:42 587 2173 0
90 TumbleWeed 2374 11:17:01 29% 148 43 92 8% 50% 603 998 835 58 01:17:16 01:50:13 478 2367 12
91 Grommit 2358 09:04:46 64% 112 71 36 15% 60% 719 750 677 80 01:40:58 01:19:59 568 2157 3
92 The Law 2355 09:36:30 50% 116 55 55 7% 0% 624 915 760 61 01:37:37 01:19:46 518 2374 0
93 Ruperto 2354 09:42:17 53% 125 66 54 11% 0% 794 710 551 46 01:09:36 01:46:27 659 2339 3
94 TimetoDefend 2342 08:39:59 56% 136 74 34 11% 20% 1070 677 560 61 00:52:18 01:27:21 911 2201 24
95 Pubabarr 2321 08:58:13 59% 114 65 40 10% 33% 702 724 658 82 01:18:43 01:06:35 602 2751 5
96 Pen Fiftee 2310 10:14:32 37% 124 46 69 8% 60% 606 907 803 46 01:25:47 01:17:31 474 2389 7
97 Slowpolka 2306 08:50:15 57% 119 67 46 13% 33% 746 757 687 72 01:33:51 01:03:57 606 2055 4
98 SoulCake 2299 09:14:26 56% 114 62 47 7% 16% 841 846 699 59 01:21:11 01:29:46 712 2536 0
99 The Stig 2297 08:35:54 65% 109 67 36 11% 14% 696 710 606 66 01:09:26 01:29:59 576 1917 0
100 LarryBird33 2295 09:46:40 40% 131 52 69 12% 33% 708 739 654 63 01:23:02 01:18:46 583 1895 6
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