The US Plan to Monitor Illegal Crypto Activities More Sufficiently

The US Plan to Monitor Illegal Crypto Activities More Sufficiently

The COVID-19 pandemic has crushed businesses, crippling life all across the world. It is costing darknet drug traffickers millions as well because their methods of moving drugs and funds have been compromised during the lockdown, according to a blog post by Chainalysis.

“Darknet market revenue has fallen much more than we’d expect following Bitcoin’s recent major price drop,” Chainalysis reported, noting that supply problems for Mexican drug cartels and dealers in China’s Hubei province could be “hampering darknet market vendors’ ability to do business.” “Perhaps darknet market customers aren’t buying as many drugs given the public health crisis,” Chainalysis wrote, adding:

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: theclassyinvestor.com

Author: by


Cryptocurrency Is Strengthened By Space Exploration

Cryptocurrency Is Strengthened By Space Exploration

In this image taken from NASA TV video, the SpaceX Dragon crew capsule, with NASA astronauts Doug … [+] Hurley, left, and Robert Behnken aboard docks with the International Space Station Sunday, May 31, 2020. It was the first time a privately built and owned spacecraft carried astronauts to the orbiting lab in its nearly 20 years. (NASA TV via AP)

One of the most curious things about the emergence of cryptocurrencies has been its tie to a nascent movement in commercial space exploration and commercial space launches. At first, it seems like an odd fit — until one begins to understand that private modules and satellite communications as well as further space exploration dovetails with the ideological and practical effects of cryptocurrency.

Start with Blockstream’s satellite API for bitcoin. This 24/7 broadcast of the latest state of the bitcoin blockchain from space serves a number of purposes, providing another layer of communication as a backup. With six satellites up currently, coverage spans most of the world.

Bitcoin’s peer-to-peer network is distributed and resilient, but it still suffers from dependencies. There is a need for nodes to connect to the Internet in order to communicate with one another to reach consensus. While an attack isolating one node from this consensus state (known as an Eclipse attack) would be theoretically very expensive, it would be less than an attack on the entire chain, and could be used to create double-spend situations among a limited number of nodes. Ensuring a backup broadcast might mitigate individual-level attacks.

Ensuring a backup for the network as a whole might also strengthen the blockchain. Governments have shown themselves capable of censoring the entire Internet because of content it didn’t like. By taking off the dependency on the Internet by just a little bit, satellite beaming may help save bitcoin from a future coordinated state attack — and will help ensure 24/7 uptime for all peers even if a nation-state decides to totally take down the Internet within its geographical jurisdiction.

It may also, if costs of satellite launch decrease and communication improvements increase between space-orbiting objects, eventually serve as a way to get people who currently don’t have access to the Internet, access to the data needed to onboard them onto bitcoin. In 2016, the World Economic Forum noted that 4 billion people didn’t have Internet connection — the majority of the world. In order for bitcoin and cryptocurrencies to truly expand their reach exponentially, either people will have to have more complete internet coverage or there will need to be alternative ways to broadcast the consensus data blockchains are dependent on.

This new foray into space exploration comes at a time where national demands for cybersecurity for private and state-based spacecraft are growing. The cost curve will inevitably descend, and make state-based attacks in space (whether kinetic through missiles or jamming of signals) more compelling. Yet with international treaties meant to demilitarize space, there is an unique time period for services to grow with a lower cost of defense — since any attack would have to leverage cutting-edge capabilities in space, and may violate international laws and norms.

It’s not just about providing an alternative way to broadcast cryptocurrency data so as to make the cryptocurrency even more decentralized and censorship-proof however. Cryptocurrency companies have also acquired space venture companies focused on astroid mining. ConsenSys Founder Joe Lubin had the following to say:

“Bringing deep space capabilities into the ConsenSys ecosystem reflects our belief in the potential for Ethereum to help humanity craft new societal rule systems through automated trust and guaranteed execution. And it reflects our belief in democratizing and decentralizing space endeavors to unite our species and unlock untapped human potential.”

It also reflects a shrewd view on the dynamics and economics of the future. For a host of practical reasons, space mining is now an economic fantasy: the costs of transporting large amounts of heavy goods across vast expanses of space are simply too high.

Yet, just like the early days of genome sequencing and the development of the Internet itself, the costs of the hardware required for space launches and space travel will tend to decrease as more research is focused on the subject.

It is possible that in the next century, space mining will become profitable enough for commercial ventures to develop at scale. When they do, there will be plenty of targets, including 16 Psyche, an astroid with a treasure trove of precious metals. CNET speculated that it could be worth $700 quntillion based on the fact that the massive meteor is metallic and could have tons of gold, silver and other precious commodities.

The current world economy, for reference, stands at about $85 trillion, with about $9 trillion in total gold supply — an amount almost sure to be dwarfed by the nominal value of the precious metals that could be mined on one asteroid alone. An event like this has shaken the world economy before: when Spain discovered the New World and zealously exploited the new masses of gold, it started an erosion in gold value that made the Spanish Empire become the first sovereign to default and caused devastating economics effects across Europe.

You can expect the same thing to happen if gold were suddenly to start to pour in from astroid mining — eroding its position as a store of value. Cryptocurrency can not only help fund space exploration: it also stands to benefit from removing physical constraints on the store of value that gold and other metals represent.

By valorizing the industrial portion of gold and providing enough supply so that the speculative value fades, for example, space mining could provide an massive aggregate increase in human capabilities while constraining excessive consumption. The “paradox of plenty” could come into play here if governance structures built around this new economic impetus are as antiquated as they are now, but leveraged in the right way, space exploration could free more humans to reach their fullest potential.

Metal-based commodities, limited by their scarcity, will no longer represent a large viable alternative to government-backed fiat. Instead, cryptocurrencies have shown that it’s possible to valorize a technological system that transmits value without relying on the industrial properties of certain stones or government force. That value may fluctuate but it is not directly tied to government agencies or the supply of gold. It is value that will endure in a context of space-faring, and mineral acquisition that surpasses anything we have ever done on Earth.

As space exploration becomes more and more viable for private individuals, and the cost curve permits companies to get involved in all aspects of space where once it was the monopoly of governments, creators focused on the decentralizing aspect of cryptocurrency as well as its financial value will benefit — and ultimately, as space exploration becomes more sophisticated, cryptocurrencies will represent an alternative value system that can endure.

Source: www.forbes.com

Author: Roger Huang


Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

Ethereum Volatility Drops Below Bitcoin’s but ETH Options Are Bearish

Ether (ETH) options implied volatility, a measure of the expected price swings as per the options markets premium, has dropped below Bitcoin’s (BTC) for the first time ever. 

This could signal that investors have given up expectations of a price decoupling, or they simply expect ETH price moves to mirror Bitcoin. 

In the case of potential catalysts for significant price moves, implied volatility tends to move up whereas an absence of triggers causes volatility to recede, alongside a diminishing premium on options markets.

Deribit options implied volatility

Deribit options implied volatility. Source: Skew

The above chart shows a continuous drop on both assets’ volatility, which can be partially explained by the Bitcoin halving in mid-May. At the time, investors had reasons to believe prices could oscillate more drastically as the possibility of various miner capitulations loomed. 

At the same time, positive news from strong inflows by Grayscale Investments, advancements on the Ethereum 2.0 testnet, and a growing DeFi ecosystem boosted traders’ expectations.

S&P 500 3-month volatility

S&P 500 3-month volatility. Source: Federal Reserve

Volatility within the crypto market remains well above the level seen in the S&P 500 and that should be no surprise. 

There are a handful of reasons behind this difference and some of the more notable ones are: the enormous untapped potential of digital assets and existing uncertainties related to the necessary evolution of various protocols. 

ETH options Put/Call ratios

ETH options Put/Call ratios. Source: Skew

The above chart signals investors have been trading equal amounts of put and call ETH options. The indicator reached its highest level in one year, having been previously skewed to the call option (bullish) side. 

BTC options Put/Call ratios

BTC options Put/Call ratios. Source: Skew

Meanwhile, Bitcoin’s put/call options ratio tells a different story as put (bearish) options total 40% of the current open interest which is down from an 80% pre-halving peak . 

This shouldn’t be interpreted as a bull/bear indicator by itself as it depends on the strike levels those options have been set at.

ETH options open interest by expiry

ETH options open interest by expiry. Source: Skew

Longer-term ETH options are curiously more active than next month’s contract and that’s a stark difference from the BTC markets. 

Although it is impossible to pinpoint the exact reason, one might infer that the ongoing Ethereum 2.0 development is behind this. 

Cointelegraph recently listed the benefits and risks of these upgrades by explaining potential issues for users to migrate balances between those blockchains.

December 2020 ETH options

December 2020 ETH options. Source: Deribit

Although it might seem that the ETH put/call ratio is balanced, when analyzing strikes for the slightly optimist calls ($240 to $280) to the slightly negative puts ($180 to $220) there’s a clear imbalance of 2:1 favoring bullish calls. 

The same pattern emerges for the September 2020 expiry.

July 2020 ETH options

July 2020 ETH options. Source: Deribit

Oddly enough, for the July 2020 ETH contract, there’s an impressive 4:1 ratio favoring put options (bearish) close to current market levels. 

This shows investors are taking advantage of the recent volatility downtrend to create strategies that protect against short-term downside, while also aiming for call options (bullish) year-end.

ETH 1-month futures premium

ETH 1-month futures premium. Source: SKEW

To better understand how bearish ETH investors are for the upcoming month, one needs to analyze future contracts. The higher the premium of next month’s futures contract, the more optimistic traders are. 

Data from Skew indicates that although premium remains healthy at 2%, the excessive optimism seen earlier this month has vanished.

Bitcoin 20-day correlation to Ether

Bitcoin 20-day correlation to Ether. Source: Tradingview

The 20-day correlation between Bitcoin and Ether recently climbed back to 0.90 levels, indicating prices of both assets have been moving quite similarly. This partially explains declining ETH options implied volatility as investors adapt to high-correlation markets.

Ether’s current low volatility indicates that options markets do not expect any critical catalysts for either bull or bear cases. Short-term options show intense bearish activity, while September and December markets are skewed for the call options (bullish).

Low volatility does not imply that investors expect a price upswing or downswing, it simply reflects reduced expectations of major price catalysts. As reported by Cointelegraph,  there have been a couple of bullish indicators for Ether, including increasing user activity and surging institutional demand.

For those willing to benefit from the potential upside of Ethereum 2.0, this is an excellent opportunity to buy longer-term call options. 

Low volatility translates to reduced costs for buying options contracts, which, unlike futures markets, provides a way to keep open positions despite short term negative price swings.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Source: www.americancryptoassociation.com


Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin

Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin

By this stage, pretty much everyone knows that bitcoin’s volatility is well above that of equity markets. This is still true, even after the ructions of March.

What is less well-known is the balance of power when it comes to volatility is shifting. Market data indicates bitcoin markets are becoming less volatile, and equity markets more so. This seems to be unrelated to the crash in markets earlier this year. 

Related: Market Wrap: Bitcoin Traders Expect Big Move as Volatility Plummets

Of course, it’s possible this trend turns again. On the other hand, it could point to a broadening interest in bitcoin as an investment asset, as well as a new role for the cryptocurrency in portfolios.

Let’s look at the details.

First, bitcoin’s volatility is currently below its 2019 average. Not so for the equity markets.

(Note: We calculate volatility by annualizing 30-day standard deviations. This smooths variations while still reflecting short-term trends and, as of mid-April, removes the effects of the March crash.)

Related: Bitcoin Facing Greater Price Volatility Than Ether in Q3, Options Market Data Suggests

Over the past month, BTC volatility has continued trending down, while S&P volatility has levelled off.

This could be a short-term anomaly. Or it could mean the “standard” expected S&P 500 volatility is now at higher levels than before, while bitcoin’s is lower. 

The VIX index, which measures expected S&P 500 volatility using options prices, is currently almost three times higher than at the beginning of the year. 

Second, this shift is supported by activity in traditional market volatility instruments. Earlier this month, the Wall Street Journal reported on data from Cboe Global Markets data that showed more than a trillion dollars’ worth of derivatives tied to the VIX has traded this year, more than four times the figure a decade ago. It also cited figures from industry tracker Hedge Fund Research that points to a record $19.4 billion of assets in hedge funds that trade volatility. 

And earlier this week, the iPath Series B S&P 500 VIX Short-Term Futures exchange-traded notes (VXX) – the largest volatility ETN by far – had its second-largest daily inflow ever.

When Fidelity Digital Assets released its survey earlier this month, in which institutional investors were asked about the barriers to investment in crypto assets, volatility was top of the list. 

With the narrowing of the differential, that barrier could disappear or at least significantly diminish. It’s not just that bitcoin’s volatility seems to be trending down – if volatility overall is more acceptable, bitcoin’s swings could be seen as less of a negative. 

Indeed, many of today’s crypto investors see the heightened volatility as an advantage. Where else are you going to get high potential returns?

What’s more, the strong growth in crypto derivatives gives professional investors more tools with which to hedge the volatility. The breadth of instruments available to crypto investors of all types is steadily widening, and the volume of open interest in bitcoin options heading into Friday’s expiry was more than six times its level at the beginning of the year.

In crypto as in traditional markets, options are not just used for hedging, they are also used to trade volatility, a further sign of the growing interest in the strategy.

Stepping back, it is curious something that used to be a performance metric is now an investment philosophy. Volatility has moved from the realm of statistics to the realm of strategy. 

But now there’s an even bigger shift under way.

Volatility has traditionally been equated with risk. This makes sense – the greater the swings, the greater the chance you lose a lot.

But volatility is not the same as risk, it’s a historical performance metric. True, expected volatility derived from options pricing looks forward, but that measurement is based on data points that don’t claim to actually know what future volatility will be, let alone future risk. Especially in these uncertain times, where bad news lurks around every corner and capital flows can swell across oceans in nanoseconds, we may know what the volatility was yesterday and what is expected tomorrow, but we do not know what the actual risk is. 

The more we attempt to quantify risk and to harness it for portfolio improvement, the more we lose touch with what it really means. And the more we actively seek it, the more it could spread throughout the system, introducing a systemic weakness that could hurt many. 

The cryptocurrency world has long embraced risk. Ferocious creativity and the potential for staggering loss have been part of the DNA of the industry since the beginning. In other words, long-term crypto investors are used to this, and anyone who comes into the sector hopefully does so with his or her eyes open. 

In regulated traditional markets, however, volatility is still a relatively misunderstood phenomenon, especially in these untethered markets. It may be creeping into the general vocabulary, and may even become a more entrenched aspect of portfolio construction. But most of those handling it do not have the experience of more-seasoned traders.

Yet, volatility is not a bad thing. In this low-yield environment, it can produce necessary returns unavailable in low-volatility alternatives. Managed with skill, it can provide the outperformance many fund managers need. And with the right tools, it can form a part of even conservative investment strategies. 

This could influence the role crypto assets have in broad portfolios. One of the prevailing narratives of recent times has been bitcoin’s role as a hedge against market risk. If things go badly in the economy and the stock market, the reasoning goes, bitcoin will benefit from being seen as an alternative to a wobbly fiat system.

Yet, so far this year we have seen that narrative falter when faced with general turmoil and uncertainty.

Perhaps a new narrative is emerging. Bitcoin is volatile, yes, but so are a lot of other more mainstream investments that populate even conservative portfolios. And the volatility differential seems to be narrowing; this might continue. If so, bitcoin could become less a market hedge and more a volatility diversifier. As more investors embrace volatility, they will hopefully do so with a variety of tools. 

You’ll have heard the saying: “They can pull the carpet out from under your feet, or you can learn to dance on a moving carpet.”

The relentless and alarming climb in the number of COVID-19 cases in the U.S. and elsewhere seems to have spooked the markets a bit this week … but just a bit. The threat of walking back the tentative reopening enjoyed in some areas is denting confidence in the consumption recovery that the market was bewilderingly assuming was just around the corner. On the other hand, there’s a lot of fresh money apparently waiting in the wings, and it has to go somewhere. 

As we’re pulling out our alphabets to get a handle on what’s ahead, what do you think : a V, a W, a swoosh or a flipped square root sign? I personally favor the ampersand. It feels less linear.

True to recent form, bitcoin acted like a risk-on asset this week, reflecting broader market skittishness by almost twice breaking its monthly lows. Meanwhile, correlation with the S&P 500 is, well, not exactly stable.

As the chess pieces move around the board of financial regulation and prosecution, various possible scenarios are playing out. One is especially intriguing: If current chairman of the SEC, Jay Clayton, is confirmed to become the new U.S. Attorney for the Southern District of New York, President Trump will likely appoint one of the remaining SEC commissioners as acting chair until Clayton’s successor is confirmed. This could well be Hester Peirce, known for her pro-innovation stance on crypto oversight and for her public dissent on the dismissal of a recent bitcoin exchange-traded fund proposal. TAKEAWAY:  This is all in the realm of speculation, but it could end up being a significant turning point in crypto regulation.

The European Union is preparing a new regulatory regime that could include stricter requirements for crypto assets, including stablecoins. TAKEAWAY: Greater regulation is resisted by many in the crypto industry as it can stifle innovation. Most investors would welcome it, however, as it brings greater clarity and acceptance. And, let’s face it, it’s inevitable as cryptocurrencies grow in popularity. The increased attention from the regulators of one of the world’s principal economic blocs is a strong sign that crypto assets are being taken seriously at the highest levels.

The New York Department of Financial Services (NYDFS) will consider issuing conditional licenses under which startups would be allowed to partner with existing licensed entities to begin operations in the Empire State, and it has signed a Memorandum of Understanding with the State University of New York allowing fledgling prospective licensees to experiment with use cases under the school’s supervision. TAKEAWAY: This is a significant change for the BitLicense regime, long criticized for being too onerous and restrictive. More importantly, this shift could usher in a new season of innovative crypto services in one of the world’s largest financial centers. 

Commodity markets veteran Chris Hehmeyer, CEO of Hehmeyer Trading + Investments, is rebranding his firm to reflect its growing involvement in the crypto markets. TAKEAWAY: This is significant: Hehmeyer Trading has been a fixture of the commodities trading scene since 2007, and the pivot of such a legacy name into crypto markets sends a signal to other traders that this is where the “new” markets are. Hehmeyer has been trading crypto assets for a couple of years now, and has spoken publicly about them on several occasions, but this marks a deeper commitment to the evolution of the industry.

According to sources, PayPal plans to roll out cryptocurrency buying and selling to its 325 million users, possibly within the next three months. TAKEAWAY: The numbers alone point to how big the impact could be. PayPal’s user base is almost as large as the entire population of the United States. What is even more intriguing are the possible reasons for PayPal’s strategy shift. Could it be the significant revenue competitor Square is earning on its crypto platform?

LibertyX plans to enable cash purchases of bitcoin at 20,000 locations, including at 7-Eleven, CVS and Rite Aid stores. And Australians can now purchase bitcoin at post offices. TAKEAWAY: This significant jump in the number of onramps does not necessarily mean that retail investors will start buying bitcoin in droves; it does, however, make it a lot easier for those that want to try it out with small amounts. Going even further, just seeing the purchase points at highly frequented and trusted retail sites is likely to entrench the public’s awareness of bitcoin, and acceptance of its legitimacy. 

Cryptocurrency exchange Bitstamp shared some charts framing bitcoin’s role as a store of value. TAKEAWAY: Is bitcoin a store of value? There’s data for and there’s data against. The most compelling data against is bitcoin’s lack of correlation with gold. Is that the right metric to look at?  

Coin Metrics looked into whether Coinbase’s announcements of possible listings has an impact on the asset prices. The outcome? Less than you would expect. TAKEAWAY: I have questioned this practice before. Surely an announcement of a potential listing, something that might increase liquidity of an asset (and therefore, in theory, its value), can be construed as price manipulation? Coin Metrics showed the price movements after announcements of potential listings is largely influenced by the market mood at the time. 

Kaiko took a close look at bitcoin options market metrics, concluding that the options market has recently showed clear signs of maturity in terms of costs and trading behavior. TAKEAWAY: The recent growth in open interest and trading volumes in bitcoin options has attracted attention from market participants, who see it as a symptom of greater crypto market maturity overall. It is also a sign of deeper professional involvement, as heavy options volumes are a sign of deep pockets and high stakes. Also, more options products are coming to market, which should continue to enhance investor demand as the array of potential use cases and configurations broadens. 

The net flow of bitcoins into miner addresses dropped on Tuesday into sharply negative territory, according to crypto data source Glassnode, reaching the lowest level since June 2019. Another metric shows that nearly all of the net outflow was to exchanges, which some are interpreting a bearish signal, given the accumulating sell pressure. TAKEAWAY: On the other hand, miners usually only sell when they believe the market can handle the orders. Furthermore, miners traditionally use OTC traders to move large blocks, so there may be something else going on here. And, as the chart shows, strong net outflows don’t always presage price dips. But, given that volumes are relatively low compared to previous weeks, this is worth keeping an eye on. 

Barça Fan Tokens, listed as $BAR, went on sale on Monday, and reached its cap of $1.3 million within two hours. TAKEAWAY: This is more significant than it may seem. I’ve written before about how soccer club tokens can be a gateway into asset innovation for a mainstream audience – this news shows that where there is genuine interest, the underlying technology will not be a barrier. I doubt very much that the buyers were mainly crypto enthusiasts.

Also worth reading:

Podcast episodes worth listening to:

  • Bull vs. Bear: Who Has the Economy Right? – Nathaniel Whittemore, The Breakdown
  • How Monopolies Sow the Seeds of Their Own Destruction, Feat. Tuur Demeester – Nathaniel Whittemore, The Breakdown
  • The Bank for International Settlements tackles Central Bank Digital Currencies – Chris Brummer, Fintech Beat
  • Anatoly, Maya and Ryan: Experts Discuss The Parallels Between Crypto and Wireless Networks – Tom Shaughnessy, Chain Reaction
  • Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin
  • Crypto Long & Short: What Trends in Volatility Could Mean for Bitcoin

Source: finance.yahoo.com

Author: Noelle Acheson


Top Crypto Analysts Pin Date on Next Bitcoin Breakout As BTC Hovers Near $9,000

Top Crypto Analysts Pin Date on Next Bitcoin Breakout As BTC Hovers Near $9,000

A closely-followed crypto analyst says investors looking for Bitcoin (BTC) to take off right away shouldn’t hold their breath.

The pseudonymous crypto trader Dave the Wave tells his 32,000 Twitter followers that the width of the Bollinger bands suggests that the current consolidation phase of the king coin will likely continue until the last quarter of 2020. 

Room for further contraction in the Bollinger band width. Fourth quarter lift off? pic.twitter.com/axZkoplZR9

— dave the wave (@davthewave) June 26, 2020

Traders use Bollinger bands to determine the level of an asset’s volatility. The upper and lower bands widen when volatility simmers down while the bands contract when volatility is about to explode. 

Bitcoin analyst and former vice president of JP Morgan Chase Tone Vays also believes that BTC won’t make big bullish moves news anytime soon. The trader expects BTC to continue range trading between $6,000 and $10,000 before a big breakout at the start of 2021. But Vays warns that the dominant cryptocurrency has some downside potential and could drop as low as $7,000 before the much-awaited liftoff.

Despite the current volatility of the crypto market, Bitcoin bulls remain optimistic that the price of BTC will eventually surge. Liechtenstein-based Crypto Research Report recently released its analysis on the future of Bitcoin, which predicted that the price of BTC may rise to $397,000 in about a decade. 

At time of writing, Bitcoin is valued at $9,151, according to data from CoinMarketCap.

Source: dailyhodl.com


LCX and LunarCRUSH Announce Partnership to Provide Advanced Crypto Market Insights

LCX and LunarCRUSH Announce Partnership to Provide Advanced Crypto Market Insights

LOS ANGELES, June 29, 2020 /PRNewswire/ — LCX and LunarCRUSH have signed a memorandum of understanding to form a long term partnership to provide advanced crypto market insights for security tokens and compliant digital assets.

LunarCRUSH crypto market data gathers real-time and historical insights from hundreds of sources and social media channels worldwide. LCX and LunarCRUSH have entered into this strategic partnership to provide the data it needs to make smarter trading and investment decisions for the crypto market.

Monty C. M. Metzger, CEO and Founder of LCX

The agreement brings together two influential technology companies serving the blockchain and cryptocurrency industry: LCX, the new category leader in tokenization of assets, and LunarCRUSH, the social data science company for crypto markets. 

LCX’s clients will soon have access to real-time social signals and community insights directly at LCX Terminal trading interface. This advanced analytics capability will measure trading, price and social media data and will provide insights that include the most critical metrics such as volume, social and influencer engagement and quantitative sentiment analysis.

Furthermore, LunarCRUSH and LCX agreed to combine their technology and knowledge to deliver advanced market analytics for security tokens and other compliant digital assets as well. The goal is to deliver community insights, research, background information, historical and real-time market data to crypto investors and traders.

“The market of digital assets needs more transparency. Working with LunarCRUSH on security tokens will simplify the process of evaluating digital assets, analyzing token fundamentals, and understanding industry trends,” said Monty C. M. Metzger, CEO and Founder of LCX.

“We are excited to work with LCX to bring the power of social insights to even more people and to power the next generation of cryptocurrencies,” said Joe Vezzani, CEO and Founder of LunarCRUSH. “This partnership will enable us to accelerate the development of key insights into newly issued security tokens and deliver vital information every investor needs.”

About LunarCRUSH:

Unlike traditional stock markets, cryptocurrencies do not have earnings reports or 10-Ks. Markets are open 24/7 and are truly global. Cryptocurrencies are valued based on the traction and community they build. The community is built on social media. LunarCRUSH helps investors make better decisions by tracking the community each cryptocurrency is building through beautiful dashboards and real-time data analysis.

https://lunarcrush.com

About LCX:

LCX is a financial services company that focuses on tokenization of assets, security token offerings and advanced trading tools. LCX Terminal is a sophisticated crypto trading platform to manage your portfolio across all major cryptocurrency exchanges on one single user-interface. LCX STO Launchpad will be the new issuing platform for security tokens, while LCX Exchange aims to become the preferred marketplace for compliant digital assets. LCX is headquartered in Liechtenstein and is operating in accordance with the new Blockchain laws and regulations.

www.LCX.com

Related Imagesmonty-metzger.jpg

Monty Metzger

Monty C. M. Metzger, CEO and Founder of LCX

SOURCE LCX.com

Source: virtual-strategy.com

Author: About the author


The US Plan to Monitor Illegal Crypto Activities More Sufficiently


Leave a Reply

Your email address will not be published. Required fields are marked *