Posts from the 'News' Category

WealthBriefing Asia: Taking A Tour Around Digital Assets – Two Webinars

WealthBriefing Asia: Taking A Tour Around Digital Assets – Two Webinars

This news service hosted two separate webinars, in association with Nickel Digital Asset Management, exploring the themes around bitcoin and the fast-expanding world of digital assets. With bitcoin prices surging in recent weeks, the topic is hot, and drawing increasing interest from the mainstream financial sector.

The fast-expanding world of digital assets, such as bitcoin, and how they should fit into portfolios was discussed in two recent webinars involving this publication in association with Nickel Digital Asset Management.

Both panels – one pitched at the Asia market, and the other at Europe – featured Anatoly Crachilov, founding partner and CEO, at Nickel Digital Asset Management. (Crachilov has also recently spoken to this news service in an interview on his investment views – see here). In the Asia panel, other speakers were Anndy Lian, inter-governmental blockchain advisor, and Evrard Bordier, managing partner and CEO at Bordier & Cie. The European recording can be viewed here and the Asia recording here.

On the European panel – moderated by this news service’s group editor, Tom Burroughes – he and Crachilov were joined by Benedikt Kuka?ka, digital assets, at Julius Baer.

Both webinars addressed the question of why and how bitcoin has arisen, the best way of defining it, and what part it plays in the portfolios of high net worth clients. The panellists also discussed why digital assets are now becoming more mainstream, and what the future may hold.

Both webinars last an hour and, as readers can see, there is so much more left to discuss. Consequently, this publication’s editorial team intends to continue tracking this sector from a wealth management viewpoint.

The editors are keen to hear from the wealth sector about its views, so do please contact tom.burroughes@wealthbriefing.com if you have follow-up comments.

Original Source: https://wealthbriefingasia.com/article.php?id=190582#.YFPgTZ0zZPY

The video recording for Anndy can be found at https://www.youtube.com/watch?v=h3qemJhHWdA&t=1913s.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Anndy Lian argues “Recent crypto pumps are very different from the GameStop surge.”

Anndy Lian argues “Recent crypto pumps are very different from the GameStop surge.”

On the article published by CryptoNews “Are GameStop-Style Surges In Crypto Any Different From Old Pumps & Dumps” on 7 February 2021, Anndy Lian commented on the current events of XRP and DOGE coin. Anndy argues that the recent crypto pumps are very different from the GameStop surge.

This view is shared by crypto advisor and investor Anndy Lian, particularly when it comes to XRP’s movement.

“For XRP, it was the same old game we’ve seen for a long time in the crypto space. They use news hype to draw retail investors. The retail investors think that they are fighting against the [US Securities and Exchanges Commission], but they are merely being used by the house,” he told Cryptonews.com.

As for DOGE, Lian suggested that its recent spike is a continuation of previous jumps that have been caused largely by its enthusiastic community of evangelists.

“In early Jan 2021, DOGE had already doubled its price. Last bull market, DOGE was upped 100X,” he said.

Anndy then went on to say that the recent craze for coordinated pumps is sustainable, even for GameStop and other traditional stocks.

“If you look at GameStop and AMC now, [they’ve] fallen by more than 70%. This proves again that this is not sustainable.”

This is particularly the case in crypto, even if neither DOGE nor XRP has actually fallen as much as GameStop from recent highs.

Anndy has also openly commented on Twitter on his views on the recent events.

The full article can be found at CryptoNews or on Google News: https://cryptonews.com/exclusives/are-gamestop-style-surges-in-crypto-any-different-from-old-p-9151.htm

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Ripple Bets On the New SEC While the XRP Purge Continues

Ripple Bets On the New SEC While the XRP Purge Continues

It looks like major US-based blockchain company Ripple is putting their hopes in the new US Securities and Exchange Commission (SEC) following a lawsuit filed against the company by the regulator. Meanwhile, more platforms are suspending trading in XRP.(Updated at 16:08 UTC: updates in bold.)

Ripple is now looking towards the incoming new SEC leadership, which may (or may not) be more friendly towards it and XRP. “[W]e also look forward to working with all of the Commissioners and the SEC’s new leadership, once appointed,” they said in their December 29 announcement.

They added that “in all, the SEC Chair, six of his Directors from each SEC Division, the SEC’s Chief Economist and the SEC’s General Counsel have now departed (many left just last week),” and added that their “steadfast commitment to constructive regulatory engagement has not changed.” (Learn more: Cryptoverse Might Face ‘More Aggressive’ SEC Under Biden)

As reported, Ripple is questioning the motivation for bringing this action against them just days before the change in administration because “the SEC has permitted XRP to function as a currency for over eight years.”

Meanwhile, among the latest announcements regarding the staff change on the SEC’s website is the one that Sean Memon will conclude his tenure as the agency’s Chief of Staff in January 2021. Memon served as principal advisor to Chairman Jay Clayton on legal, policy and management matters, it said. It was announced in November that Clayton himself would leave by the end of this year, and just yesterday it was confirmed that Donald Trump designated Elad L. Roisman as Acting Chairman of the agency, who is generally said to be crypto-friendly.

Calling the lawsuit an attack on the entire crypto industry in the US that brought more uncertainty to the market and harm to the community the SEC is supposed to be protecting, Ripple said the lawsuit “affected countless innocent XRP retail holders with no connection to Ripple.”

Following the news, XRP erased almost all its gains over the past 12 months.

The company added that Ripple will continue operating in the US and globally, that the majority of their customers aren’t in the US, and that overall XRP volume is largely traded outside of that country.

An initial pretrial conference in the lawsuit has been set for February 22, according to a court order.

Meanwhile, exchanges continue their ‘evictions’ of XRP, so to say. Following several minor exchanges, as well as major ones like Coinbase and Bitstamp, Bittrex said it would be removing four available XRP markets (around USD 20m in combined trading volume in the past 24 hours, per Coinpaprika.com data) on January 15.

“Until further notice, customers will continue to have access to their XRP wallet on Bittrex after the markets are removed,” they added.

Also, Swipe Wallet will delist XRP for the USA users on January 5. Crypto buying app Ziglu will suspend XRP trading on January 12 and digital payment services provider Wirex decided against including XRP in a US version of the app slated for launch in January, The Block reported.

Meanwhile, in their latest report, Arcane Research predicted that XRP will drop out of the top 10 coins by market capitalization in 2021. “XRP has experienced terrible volatility lately with the SEC charges against Ripple, leaving late investors with big losses. XRP is about the erase all gains of 2020,” it said.

XRP has already dropped from the third position as the largest cryptoasset by market capitalization to the fourth following the crackdown.

At pixel time (10:23 UTC), XRP trades at USD 0.21 and is down by 4.6% in a day and 38% in a week. The price crashed by 66% in a month, erasing its gains over the past 12 months to less than 9%.

XRP price chart:

Ripple Bets On the New SEC While the XRP Purge Continues 102
Source: coinpaprika.com

Original Source: https://cryptonews.com/news/ripple-bets-on-the-new-sec-while-the-xrp-purge-continues-8764.htm

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j