Day: August 4, 2018

Wealthman is a fintech company based in London, focused on building innovative solutions for wealth managers and crypto investors. Their sophisticated stack of protocols empowers asset managers with tools for building, execution and delivery of their services, including:

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–    gaining access to market data and statistics;

–    provision of robo-advisory and asset allocation algorithms;

–    trading  digital assets on the blockchain;

–    risk reduction due to use of smart contracts;

–    managing client portfolios.

The strength of the Wealthman project lies in the experienced and agile team. With the mother company’s AUM of around $100 million and 10+ years expertise in portfolio management, the founders created Wealthman to meet the needs of the company’s clients. 

Today we are glad to present to you the co-founder and CFO of Wealthman, Olga Pershina.

Olga has been working in investment banking for over 10 years. We asked her a few questions about Wealthman and her role in the project.

Hi Olga. First, let’s start with the basics. What is your role at Wealthman Ltd?

I was there at the start of the project, being its co-founder. Now I am responsible for the financial planning and internal control.

I am also involved in IR, so I attend various fintech and banking conferences where I meet with investment funds and various partners to present our project and as a result establish arrangements for cooperation and investment. Recently, I have been presenting our idea in the UK, Russia, Armenia, Emirates, Switzerland, etc. and also keep an eye on the USA.

What do you think qualifies you to take on such a project? Do you have experience in similar ventures?

Well, I am quite an experienced entrepreneur. First of all, the international group of companies Mera Capital was established by Andrey Huseu and me. We have offices in Russia, Latvia and the USA and successfully manage around $100 million AUM within our wealth management division. The second equivalent part of our business is the provision of services in the field of corporate finance. We conduct IPOs, ICOs, M&A, Private Equity deals, etc. Hence, ICO technology is not new for us. Besides that, during my career I have launched operating processes for professional financial market participants under the license of the Central Bank of Russia. My relevant professional experience for running all these ventures was obtained through working in the industrial, IT and investment banking sectors.

Many in our community are asking how you came up with the idea of Wealthman. Can you tell us more about it?

The idea of the project came from market demand. As you already know, we provide wealth management services. So, with the growth of crypto assets on the market, some of our clients expressed interest in advice in this field – they wanted to make digital assets part of their investment portfolios. We rapidly grew our competence in this field. The problem was how to expand our value proposition and serve clients in a convenient and secure way. We needed a smart tool and decided to develop our own decentralised platform where we can solve more wealth management issues and enable clients to trust smart contracts instead of a brand.

There is no solution like Wealthman on the market, and there are huge potential gains if you create something that asset managers and investors could use successfully.

So it is useful for us, profitable, allows us to serve more clients with asset volume lower than HNWI level, we have no direct competitors yet, and it does not enter into competition with other platforms and investment bankers – more than that: it allows them to find customers. Why wouldn’t we start developing such a solution immediately?!

The next question is about blockchain technology: why is it important to use in wealth management?

Well, there are multiple different reasons. The most important is probably the issue of trustlessness. We talk about it a lot in our articles.

Right now, most of the legal transactions in the world have to be approved by trusted third parties like a bank or a broker. This speeds up the processing but invites errors or fraud.

Frankly, some investors don’t trust banks and other parties anymore. On the other hand, investment companies have come up with many solutions to shift towards more controlled and transparent asset management, for example via robo-advisory* and more automated solutions.

*A robo-advisory solution is an automated, algorithm-driven wealth management service with little or no human supervision. At the start of the process, a robo-advisor typically collects information about client’s goals, risk appetite and financial aspirations via an online survey. Then, the robo-advisor engages in an ongoing process of rebalancing the investment portfolio based on market data to keep it in line with the client’s goals.

You mentioned that blockchain solves multiple issues. What else will you use blockchain tech for?

Trustlessness covers the general class of issues that can be solved with the help of blockchain. In particular, this relates to the tasks of calculation and process administration that occur in second level networks (off chain networks). There are also relevant tasks in asset register maintenance, voting, conducting deals on conditional transfer of assets, etc.

Thank you Olga for your answers.

It was my pleasure.

To find out more about Wealthman you can visit out site (link) or follow us on social media. You can also submit more questions for our team here.

There are many concerns as to what will happen to the Bitcoin price in the coming months. The year 2018 has offered nothing but setbacks, as the most recent bull run was tamed fairly quickly. Even so, the long-term picture still shows Bitcoin has plenty of upside in the years to come.

Rough Year for Bitcoin

No one can deny that the year 2018 hasn’t been very successful for Bitcoin. Even though things appeared fine in January, the situation quickly turned around. After hitting an all-time high value of $19,500, the Bitcoin price plummeted to $6,340 by early February. It was a completely expected retracement, although few people had expected a 70% drop in a matter of weeks.

Ever since that time, there hasn’t been much to be positive about. Despite a return to nearly $12,000 in February and March, that momentum could not be sustained either. Things only got worse as time progressed, and a new low for the year was set at $5,900. Although the Bitcoin price didn’t stay there for long, there appears to be little to no improvement on the horizon.

The Bull Run That Failed

Investors and speculators got quite excited in early July when the Bitcoin price started showing signs of life. In the following weeks, its price even surpassed $8,000, a value that had not been recorded since late May. An uptrend was forming, and it appeared things would only get better from there on out. Unfortunately, things are never that easy in the world of Bitcoin and other cryptocurrencies.

Once the SEC rejected the Winklevoss twins’ Bitcoin ETF, the Bitcoin price began plummeting again. Although there hasn’t been a steep sell-off like there was earlier this year, the downtrend cannot be ignored. Ever since that decision, the Bitcoin price has gone off the deep end again, dropping below $8,000 and $7,500 in very quick succession.

Turning the Ship Around

So far, nothing about 2018 indicates the Bitcoin price will see positive momentum later this year. Nor will any real changes materialize as long as the trading volume remains relatively low. Despite some promising regulatory developments and banks showing an interest in trading cryptocurrencies, Bitcoin and altcoins are struggling for mainstream traction. Appealing to institutional investors could kickstart things, but it will not be the magic bullet.

Making Bitcoin more appealing to everyday consumers has proved to be a challenge. Until something changes in this regard, Bitcoin’s all-time high won’t be surpassed. That doesn’t mean the Bitcoin price will not go up in value later this year, but it may not happen in such spectacular fashion as we saw in late 2017 and very early 2018.

Platform Offers Quick Order Settlement, Integrated Storage, Low Fees –
Plus, Investors Could Reap Tax Advantages

CLEVELAND, OH — August 4, 2018 — Equity Trust Company announced today the launch of their digital asset platform.  Through myEQUITY, Equity’s account management system, clients can invest in digital currencies within an IRA.

The new platform simplifies the digital currency investment process by providing an easy-to-use interface enabling both individual investors and institutional partners, on behalf of their clients, to quickly place orders for digital currency using tax-advantaged funds from IRAs.

“The digital asset platform marks the most recent in a series of technology investments made by Equity Trust,” said Dave Allen, Chief Operating Officer of Equity Trust Company. “We’ve invested in technologies that align with our broader strategy of delivering innovations and industry-leading capabilities that truly optimize client value by speeding up the investment timeline and simplifying the process.”

“Recognizing the demand from clients and other investors to use their IRAs, and the potential tax benefits they offer to investing in digital currencies,” added Allen, “Equity Trust sought to simplify access to this emerging asset.”

The platform integrates a client’s Equity Trust account with fully redundant ‘cold storage’ facilities – a secure method of long-term storage of digital currency – eliminating the customer risk associated with holding their own ‘keys’.

As long as IRS guidelines are followed, investment gains from digital currency generated in the IRA may be tax-deferred, a potential benefit and differentiator for those investing in digital currency.  For example, in 2017 Bitcoin prices surged and many investors profited, but it also created a significant tax impact. If the investments were made through an IRA, taxes could have possibly been mitigated or deferred until retirement.

Using the Equity Trust Digital Asset Platform, investors can buy and sell Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and Ripple on a trade date plus one basis (i.e. for sale transactions cash is available the next day). Digital currency purchase/sell orders are facilitated with a digital currency liquidity provider or exchange.

“After the purchase, the digital currency is held in a secure ‘cold storage’ vault that is not connected to the Internet,” Allen said. “Our industry leading security partner uses physical and cybersecurity best practices, to create a secure vault for these digital assets.”

Investors can open an account online (using e-signature capabilities) or through an investment liaison for a minimum investment of $10,000, plus a $500 non-refundable digital asset platform establishment fee.

About Equity Trust Company 

Equity Trust Company is a financial services company with $25 billion in assets under custody and administration (as of 12/31/17) that provides these services for individual investors, financial professionals and institutions to invest in traditional and alternative asset classes, including real estate, notes, private equity, precious metals and digital currencies. The Equity Trust family of companies offers retail and institutional custodial services with individual retirement accounts, back-office solutions for RIAs, brokerage services, directed trustee services and more. Individual investors visitwww.trustetc.com for more information. Financial professionals visit www.equityinstitutional.com for more information.

Equity Trust Company is a passive custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.

Prior to making any investment decisions, please consult with the appropriate legal, tax, and/or investment professionals for advice.  As a self-directed IRA custodian, Equity Trust Company will not provide investment advice or risk assessment of any investment.  The digital currency market may experience a high degree of volatility and clients should consult with an investment professional before any investment is made.

Each day, our world and our interactions within society are changing at a faster rate than ever before. New methods of communication, negotiation, commerce, and so on have rapidly altered the manner in which individuals cooperate with one another. One manifestation of this ongoing change is the emergence of the sharing economy.

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The sharing economy has already disrupted many niches- travelers can save money by choosing AirBnB over hotels, commuters receive faster and cheaper transport with Lyft or Uber over taxi, and home delivery is faster and more versatile than ever before with Postmates and DoorDash.

However, current implementations of the sharing economy are not fully reminiscent of a revolution to the society of tomorrow. As these startups struggle to become profitable, their role as a middleman becomes more and more taxing on vendors and consumers, diminishing the edge they give both parties versus traditional alternatives. Today, fees for activities within these platforms can reach up to 30% per transaction. When these platforms are used for renting in other countries, those currency conversions translate to extra fees. These components cut into the earnings of vendors and savings of consumers simultaneously, and can result in little to no net savings over traditional alternatives like hotels and taxis.

WONO recognizes this inefficiency, and is working to create the next generation of sharing economy platforms. WONO is a decentralized, peer-to-peer platform that seeks to enable the sharing of everything. On WONO, individuals can connect through systems of deals to orchestrate exchange or rent of assets and services. There is no middleman, all activity happens directly between participants, which eliminates the exorbitant fees associated with sharing economy counterparts.

WONO, built upon Ethereum, leverages the smart contract capabilities of the platform to enable specialized smart contracts known as deals. There are a number of different deals that promote flexibility in transactions between participants. Besides regular deals, users can execute back-to-back deals, where two participants both exchange an asset or service, or chain of deals, where multiple participants can exchange assets and services in a web or community of individuals, among other possibilities.

The platform also strives to create a closed financial ecosystem. All transactions take place in WONO, and the versatility and wide capabilities of the deals enables sharing to take place in all forms. The intention is that WONO will become as fiat-less as possible, allowing participants to borrow and share services and assets fluidly and frequently via the WONO token. From the very beginning, WONO is entering ALL sharing and freelance markets in order to provide users with the opportunity to gain and spend tokens within the platform. The mantra of the ecosystem is that sharing of everything is the key to success.

Token Sale Information

The Pre-ICO for WONO will begin on August 6. The soft cap for the project to continue is US$7 million, with a hard cap of $20 million. The total supply of WONO is 79,166,667. Of this, 60%, or 47,500,000 WONO, is for sale throughout the duration of the ICO at a base token price of US$0.50. The breakdown of the funding can be found in the whitepaper, with some percent going to product development, marketing, business development, legal affairs, and community incentives and growth.

For more information on WONO, check out their website, interact with the community on Telegram, and follow the project on Twitter, Facebook, and Medium.

Argo Blockchain, offering crypto mining via users’ own devices, is reportedly the first crypto-related company that has been listed on the London Stock Exchange

The recently formed Japan Virtual Currency Exchange Association has applied with the country’s financial regulator to become recognized as the official self-regulatory body representing cryptocurrency in Japan.

The JVCEA comprises of 16 licensed crypto exchanges, who are self-described as security inspectors of Japan’s cryptocurrency exchanges. The association has gone to great lengths to cover all aspects of how exchanges should function, drawing up nearly 1,000 pages of self-regulatory measures. The JVCEA was formed by Japanese crypto exchanges earlier this year in response to a $534 million heist on the Coincheck platform.

The chairman and president of the organization is Taizen Okuyama of Money Partners. Bitflyer CEO Yuzo Kano is the vice chairman, along with Bitbank president Noriyuki Hiroeno. The other two directors are SBI Virtual Currencies’ Yoshitaka Kitao and GMO Coin’s Tomitaka Ishimura. The JVCEA has said in a statement that it hopes to contribute to “the sound development of the virtual currency exchange industry and the protection of the interests of users.”

Its application for certification filed with Japanese Financial Regulator (FSA) will allow it to become what it calls a “certified fund settlement business association,” which will provide “guidance and recommendations to members to comply with regulations, laws and self-regulation rules.”

The JVCEA is not the only Japanese cryptocurrency association, as two others exist; the Japan Blockchain Association (JBA) and the Japan Cryptocurrency Business Association (JCBA), and most crypto exchanges are members of one of these organizations.

The JVCEA has already proposed regulations in place which it would hope to make official should the application to become the country’s cryptocurrency representative body be accepted by the FSA. The new rules would affect the way exchanges operate, and according to local news sources, privacy coin listings and insider trading will come under the regulatory microscope.

As suggested before, the JVCEA will enforce their 4 times leverage trading cap limit rule and possibly enforce trading restrictions for both the very young and the elderly. It has been reported that the FSA would be entrusting the new body with “the flexibility to rapidly develop technologies and to combine technological innovation and customer protection.”

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North America

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

USA

Morpheus Titania Bitcoin dealer case shows lengths of US law enforcement: Arizona Bitcoin dealer Mario Costanzo working under an alias Morpheus Titania has been sentenced to 41 months in prison for five counts of money laundering and drug trafficking showing the reach of the US law enforcement when it comes to cryptocurrencies.

The case is in stark contrast to the belief that law enforcement has limited means to tackle cryptocurrency related crimes and endeavors. Costanzo’s problems with the law started back in 2015 with a felony conviction for Marijuana possession, a substance illegal in the state. His home was also raided back in April 2017 but no incriminating evidence was found except for three boxes of bullets. An eventual undercover operation led to his damnation and arrest.

Walton College in Arkansas announces blockchain courses: The University of Arkansas is the latest educational institute in USA to offer blockchain educational courses at its Sam M Walton College of Business.

The university is aiming to study the rapidly penetrating technology and is aiming to prepare its students for a decentralized future. Walton College Dean Matt Waller said:

“We will develop and establish research partnerships by conducting collaborative industry-university research, we will promote and enable dissemination of knowledge about blockchains, and we will accelerate industry adoption of blockchain technology.”

The university joins the likes of Stanford, NY University, Berkeley, and other educational centers across USA in provision of blockchain technology education.

Wall Street research organization Fundstrat to accept Bitcoin: Interest in blockchain and cryptocurrencies is increasing in Wall Street as a leading independent research organization FundStrat announced that it is going to accept Bitcoin from global clients.

The recent trends from Wall Street show that is that it is very receptive to cryptocurrencies but still figuring out how best to adopt it. Banks like Goldman Sachs, JP Morgan and others are still considering cryptocurrencies.

Wells Fargo poll shows skepticism still retained by US investors for crypto: Financial services giant Wells Fargo has conducted its own poll that shows that a 72% majority still has a skeptical opinion regarding Bitcoin and don’t wish to buy it. About 75%, on the other hand, believe that cryptocurrencies are very risky.

The poll consisted of 1,912 adults in the US who had more USD 10,000 or more invested in stocks, bonds or mutual funds. Some 26% of the respondents were intrigued by cryptocurrencies but won’t be buying soon and only 2% owned Bitcoin themselves and 0.5% hoped to buy some in the near future.

Morgan Creek Capital CEO says Bitcoin will reach $25,000 by the end of 2018: Morgan Creek Capital CEO Mark W Yusko has said that Bitcoin will probably reach USD 25,000 by the year’s end and as much as USD 500,000 by 2024 and USD 1 million eventually.

While insane price forecasts by people are not based on any data, it reminds people that great future lies ahead for cryptocurrencies according to many top investors in the world.

Trade war could be real reason behind Bitcoin rally: According to CEO of ADVEN Clem Chambers, the devaluation of the Chinese yen and the trade war between the US and China is the reason behind the latest price rally of Bitcoin.

Chambers also compared Bitcoin to gold that people hoard when fiat currencies are down. He also said that Bitcoin is like gold but a lot better in many ways because of its instant transfer capability.

SEC Commissioner says ETF rejection hurts investors, stifles innovation: A Securities and Exchange Commission (SEC) commissioner Hester Pierce who voted in favor of ETFs has come out and said that the restrictions on ETFs will hurt innovation and investors in the space.

The ETF case was heard by the SEC that eventually rejected the Winklevoss Bitcoin Trust Fund’s ETF in a 92-page document. Pierce who supported the ETFs said:

“The Commission’s action today deprives investors of this choice. I reject the role of gatekeeper of innovation—a role very different from (and, indeed, inconsistent with) our mission of protecting investors, fostering capital formation, and facilitating fair, orderly, and efficient markets. Accordingly, I dissent.”

The divide in SEC is evident but anti-Bitcoin forces seem to be dominant right now.

Mexico

Government to conduct first procurement procedure on blockchain: The Mexican government has announced that a project first started in a Mexican hackathon has now been implemented via a blockchain network.

The move will be a first in the country and will hope to bring transparency in the public sector.

Canada

Bank of Canada restarts debate on implementation of central bank crypto: A new paper published by the Bank of Canada bring forth a positive argument for the implementation of Central Bank Digital Currencies (CBDCs).

The author Mohammad R Davoodalhosseini believes that introduction of a CBDC “can lead to an increase of up to 0.64% in consumption for Canada and up to 1.6% for the US, compared with their respective economies if only cash is used”.

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The post North America: Crypto and Blockchain News Roundup, 27th July to 2nd August 2018 appeared first on BitcoinNews.com.

As is usually the case when the weekend dawns upon cryptocurrency markets, the situation looks very different. This past week hasn’t been too positive for either Bitcoin or the top altcoins, but the situation is slowly turning around. Most major currencies are noting small gains, with the Tezos price showing the rest how it’s done.

Tezos Price Rebounds Strongly

For a project riddled with as many problems as Tezos had to face, it is a small miracle the company is still in operation today. Most of the issues have now been finally settled, and the XTZ token can be traded, albeit in a limited fashion. This has also had a big impact on the Tezos price, especially after crashing hard despite setting an all-time high of $9.73.

Over the past 24 hours, the Tezos price has seen a more than healthy nudge in the upward direction.T hanks to an unexpected 14.03% increase, the Tezos price has returned to $1.89 again. It is a relatively steep gain, especially when considering how all other major currencies note gains in the 2%-3% range as of right now. A remarkable trend, assuming it can remain in place for more than a few hours.

This particular uptrend is also fueled by a strong rise in the XTZ/BTC ratio over the past 24 hours. Despite the value of Bitcoin recovering some of its initial losses, Tezos managed to score a 12.74% increase over the world’s leading cryptocurrency. All of these changes fuel the Tezos price bull run which is taking place right now, although it is only a matter of time until people start taking profits.

One thing that is slightly disappointing and worrisome is how Tezos fails to note any real trading volume right now.  Despite the appeal of this project, just $3.521m in trades is not something to be overly excited about. This is primarily because the Tezos token is not traded on any major exchanges just yet, albeit that situation may come to change in the coming weeks and months.

Due to not being listed on any really big exchange, Gate.io maintains its control over the EOS trading volume. It has three pairs in the top five, with BTC, USDT, and ETH. These pairs combine for a total of 65.5% of all trades, whereas HitbTC takes up the remainder of the volume, for the most part. The current Tezos price on HitBTC is a lot higher compared to Gate.io, which is not surprising for such an illiquid market.

Whether or not the current Tezos price push will remain in effect for much longer, is very difficult to predict. The low trading volume is not all that promising, albeit it also makes it a lot easier to “manipulate” the Tezos price across these smaller exchanges. An interesting market to keep an eye on over the weekend, although one shouldn’t expect any miracles from XTZ either at this stage.

FOMO Moments

Current recovering altcoins are Ethereum Classic, Tezos, and Nano.

The falling knife seems to have hit something solid as we enter the weekend in crypto land. The bears are having the day off and market capitalization has halted at just above $265 billion as further losses are on hold for now.

Bitcoin has found support above $7,400 and is trading 1% up on the day to $7,470. Falling below $7k will be critical for BTC and it needs to hold above it for any hopes of a recovery. Ethereum has also recovered a little today, up 2% to just below $420.

Altcoins are mostly green and clawing back small gains from big losses over the past week. According to Coinmarketcap there are two way out in front at the moment and they are Ethereum Classic and Tezos. ETC is currently up 14% on the day to $16.60, over the week it has regained all losses and it is back to the same level it was this time last month. Against Bitcoin Ethereum Classic is up 12.7% to 222500 satoshis.

A Coinbase blog post yesterday has caused the spike;

“Today our engineering team is beginning final testing of support for Ethereum Classic (ETC) on Coinbase. We are making this announcement consistent with our process for adding new assets. We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC.”

Trade volume jumped from $170 to $270 million driving its market cap up to $1.7 billion. Ethereum Classic is expected to climb higher when trading opens on Coinbase next week.

The other altcoin flying high at the moment is Tezos which is up 17% to $1.90. Coinbase may also be responsible for that hinting that it could be one of the coins considered for Coinbase Custody listings. Most altcoins in the top 30 are bouncing off their lows yesterday, only Iota is not showing a gain over the past 24 hours as it has fallen 1.7%.

Total market capitalization for all cryptos has moved back up 1.7% to just over $266 billion. They are still down heavily over the past week though, 10.5% since this time last Saturday, or over $30 billion. Trade volume has fallen back also to $11 billion from $13 billion this time yesterday. The bears appear to be sleeping at the moment but the hope is that the next low is higher than the previous.

More on Ethereum Classic can be found here: https://ethereumclassic.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

The post Ethereum Classic Recovers as Coinbase Nears ETC Trading appeared first on NewsBTC.

Turkey is opening a centre in Istanbul which will run a course aimed at teaching the public about blockchain technology.

The opening of yet another centre aimed at either informing the public or offering further training for blockchain and cryptocurrency professionals may not be surprising given current educational trends, but it is the first in Turkey.

There are now many opportunities for blockchain developers, but clearly not enough skilled technicians to fill these gaps. Toptal, a marketplace for hiring tech talent, recorded a 700% increase in demand for blockchain developers since January 2017. These positions can be well paid. According to Jerry Cuomo, VP of IBM’s Blockchain Technologies division, the best blockchain developers can command a salary above USD 250,000.

There are have been some early starters; institutions offering courses in digital information systems, the blockchain, and cryptocurrency. In the US, the Northeastern University College of Engineering in Boston and George Mason University in Virginia run courses in blockchain technology as part of other Advanced Educational Postgraduate Science programs.  The University of Cape Town now offers a cryptocurrency and fintech elective module as part of its wider Data Science Masters program as well.

In Scotland, the University of Sterling – as part of its Financial Technology Masters program, offers participants a primer to blockchain technology, which includes cryptocurrencies, decentralized applications, smart contracts, their applications and case studies.

This latest centre in Turkey, The Istanbul Blockchain and Innovation Center, or BlockchainIST Center for short, has been created to fill what is regarded as a gap in Turkey’s knowledge of blockchain technology and will be taught at University level. The centre has already been inaugurated at the Bahçeşehir University (BAU) at an opening last week.

Bora Erdamar, the centre’s director has suggested that it will be staffed by highly competent blockchain experts from around the world. She stated:

“…the purpose of the Blockchain IST project is to be the most important centre of research and development and innovation in Turkey in which scientific studies and publications are made in blockchain technologies”.

Turkey is another country that has recently stated its intention to become a blockchain hub.

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A $10tr wealth and custodial manager now servicing crypto hedge funds; a study finds OTC markets doing 3x the volume of BTC trading than exchanges; and Hashgraph extends crowdfunding to all accredited investors after finishing $100m institutional fundraising round.