blockster

Phase 1 BXR Token Sale Launches Today, 55% Discount

Crypto Industry
• Digitex
June 7, 2021

Blockster – the crypto social network platform that combines curated news, chat, experts’ takes, discussion groups, and market data – is launching the BXR token offer today at $1, which is a 55% discount.

Why should you care about the BXR token?

The Blockster (BXR) token will be used to settle all transactions in the ecosystem, including companies willing to advertise and promote their profiles. Therefore, it has an actual demand from day one. BXR stakers will earn 20% of all the advertising revenue on the platform. Companies and projects can communicate to a highly targeted and engaged audience, and users no longer have to scroll through unrelated promos. Moreover, every month Blockster will burn 5% of all BXR spent on advertising, further increasing its value. This feature makes BXR an excellent opportunity for investors

A single opportunity to buy with a 55% discount!

Blockster token sale kicks off TODAY at 12 pm UTC at $1.00, with a 55% discount. Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and you’re all set!

Phase 1 BXR Token Sale Launches Today, 55% Discount 1

Invite friends, and profit from referrals!

You can take part by referring the IEO to your friends and earn 10% of their BXR purchases. Don’t miss this chance to earn more tokens. Go to Blockfunder, the IEO token launch platform, and create your unique referral link.

BXR Token — Keep updated using Telegram channel

We invite you to join Blockster Telegram channel. All the updates about Blockster and BXR will be published there.

June 7, 2021
Crypto Industry

Phase 1 BXR Token Sale Launches Today, 55% Discount

Digitex
blockster

Blockster – the crypto social network platform that combines curated news, chat, experts’ takes, discussion groups, and market data – is launching the BXR token offer today at $1, which is a 55% discount.

Why should you care about the BXR token?

The Blockster (BXR) token will be used to settle all transactions in the ecosystem, including companies willing to advertise and promote their profiles. Therefore, it has an actual demand from day one. BXR stakers will earn 20% of all the advertising revenue on the platform. Companies and projects can communicate to a highly targeted and engaged audience, and users no longer have to scroll through unrelated promos. Moreover, every month Blockster will burn 5% of all BXR spent on advertising, further increasing its value. This feature makes BXR an excellent opportunity for investors

A single opportunity to buy with a 55% discount!

Blockster token sale kicks off TODAY at 12 pm UTC at $1.00, with a 55% discount. Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and you’re all set!

Phase 1 BXR Token Sale Launches Today, 55% Discount 2

Invite friends, and profit from referrals!

You can take part by referring the IEO to your friends and earn 10% of their BXR purchases. Don’t miss this chance to earn more tokens. Go to Blockfunder, the IEO token launch platform, and create your unique referral link.

BXR Token — Keep updated using Telegram channel

We invite you to join Blockster Telegram channel. All the updates about Blockster and BXR will be published there.

Latest News

dgtx

Update for DGTX HODLers

Digitex
• Digitex
April 29, 2021

The first month of Q2 is coming to an end already and it’s been a year of positive growth for Digitex so far. We’ve built out our team, released some key improvements to the UI and functionality of the exchange, launched our popular Liquidity Mining program that pays you to trade, and rolled out our commission-free spot markets with six trading pairs. Find out what else we’ve been doing and what you can expect from the rest of the quarter here.

Improvements to the Spot Markets

We’re super excited about the launch of the Digitex spot markets. It marks a huge milestone for us as an exchange, making it far easier to buy and sell DGTX and onboard new users, who no longer have to go to a third-party to convert their crypto.

Digitex.io also provides an optimized experience for traders on the exchange who can now trade between futures and spot cryptocurrencies with easy navigation all from one universal wallet. And they can quickly convert their DGTX to stablecoin USDC if they wish to avoid DGTX volatility. 

On top of that, we’re still the only exchange to offer users no fees of any kind. This includes withdrawal fees that every other fee-charging exchange on the market extracts from their users. This means that you can place as many transactions as you want with us and withdraw your funds keeping 100% of your profit. It’s your hard-earned money, you shouldn’t have to watch it being chipped away at by percentages, fees, and rent-seeking intermediaries.

We’re just getting started with our spot markets as well, and are continuously testing and improving the overall user experience so that, in the coming months, we can start to actively list popular trending tokens. This will not only benefit our community members who want to trade their favorite cryptos zero-fee but it will open Digitex up to many new cryptocurrency users as well. Watch out for our first listing coming this quarter. 

Also, keep in mind that all new markets will provide liquidity mining rewards to users to build liquidity and keep the spreads tight, and the cryptocurrency projects will be able to pay liquidity mining rewards in their own token (not DGTX). As the only exchange to use a trading ladder interface on our futures markets, we will also be bringing users the same experience trading spot. They will soon be able to choose from a one-click trading ladder interface or a traditional layout.

Marketing

We kicked off our marketing campaign this month and we’re actively promoting across dozens of channels in partnership with many popular influencers. We’re pleased to say that this is really paying off and we’re getting a healthy amount of new users registering to the exchange this month. 

Update for DGTX HODLers 3

In fact, we currently have over 3,500 new users in the last two weeks from different countries all over the world. We’re actively getting around 150 to 300+ new users registering daily, which is a good sign of stable growth and reflects the efforts that we’re putting in.

Update for DGTX HODLers 4

Keep in mind, DGTX is designed as a utility token for zero-fee trading, so our primary efforts are focused on getting new users to the exchange – and getting them to trade or stake DGTX.

Yield Farming Program

Talking of staking, in addition to actively getting new users and working on new listings for the spot markets, we have a yield farming program coming out next month. We think that this is going to be really popular among DGTX HODLers and new users as it’s designed for other cryptocurrencies listed on the Digitex exchange. Users will be able to stake DGTX to earn back cryptocurrencies partnered with our exchange. As more and more cryptocurrencies list on our spot market and put tokens into our yield farming program, demand for DGTX will therefore steadily increase.

With the whole phenomenon of yield farming gaining so much traction, it’s clear that crypto participants want to make their money work for them and earn a passive income on their funds. With our yield farming program, they will be able to easily buy DGTX and deposit it to earn passive income at attractive rates. We’ll be releasing more details on this soon.

Growing the Team

Update for DGTX HODLers 5

As well as actively working to market our existing products and introduce new features to create more new demand for DGTX and new users to the exchange, we’ve been actively growing our team. We’re now 50-person strong here in Kyiv alone! Made up of developers, creatives, and marketers – and we also have plenty of other talented contributors dotted around the globe. 

As always, we appreciate your ongoing support. We’ve made really great progress this year and there is still so much more to come. A big thank you from the Digitex team here at the Kyiv HQ and stay tuned for the next releases coming soon.

April 29, 2021
Digitex

Update for DGTX HODLers

Digitex
dgtx

The first month of Q2 is coming to an end already and it’s been a year of positive growth for Digitex so far. We’ve built out our team, released some key improvements to the UI and functionality of the exchange, launched our popular Liquidity Mining program that pays you to trade, and rolled out our commission-free spot markets with six trading pairs. Find out what else we’ve been doing and what you can expect from the rest of the quarter here.

Improvements to the Spot Markets

We’re super excited about the launch of the Digitex spot markets. It marks a huge milestone for us as an exchange, making it far easier to buy and sell DGTX and onboard new users, who no longer have to go to a third-party to convert their crypto.

Digitex.io also provides an optimized experience for traders on the exchange who can now trade between futures and spot cryptocurrencies with easy navigation all from one universal wallet. And they can quickly convert their DGTX to stablecoin USDC if they wish to avoid DGTX volatility. 

On top of that, we’re still the only exchange to offer users no fees of any kind. This includes withdrawal fees that every other fee-charging exchange on the market extracts from their users. This means that you can place as many transactions as you want with us and withdraw your funds keeping 100% of your profit. It’s your hard-earned money, you shouldn’t have to watch it being chipped away at by percentages, fees, and rent-seeking intermediaries.

We’re just getting started with our spot markets as well, and are continuously testing and improving the overall user experience so that, in the coming months, we can start to actively list popular trending tokens. This will not only benefit our community members who want to trade their favorite cryptos zero-fee but it will open Digitex up to many new cryptocurrency users as well. Watch out for our first listing coming this quarter. 

Also, keep in mind that all new markets will provide liquidity mining rewards to users to build liquidity and keep the spreads tight, and the cryptocurrency projects will be able to pay liquidity mining rewards in their own token (not DGTX). As the only exchange to use a trading ladder interface on our futures markets, we will also be bringing users the same experience trading spot. They will soon be able to choose from a one-click trading ladder interface or a traditional layout.

Marketing

We kicked off our marketing campaign this month and we’re actively promoting across dozens of channels in partnership with many popular influencers. We’re pleased to say that this is really paying off and we’re getting a healthy amount of new users registering to the exchange this month. 

Update for DGTX HODLers 6

In fact, we currently have over 3,500 new users in the last two weeks from different countries all over the world. We’re actively getting around 150 to 300+ new users registering daily, which is a good sign of stable growth and reflects the efforts that we’re putting in.

Update for DGTX HODLers 7

Keep in mind, DGTX is designed as a utility token for zero-fee trading, so our primary efforts are focused on getting new users to the exchange – and getting them to trade or stake DGTX.

Yield Farming Program

Talking of staking, in addition to actively getting new users and working on new listings for the spot markets, we have a yield farming program coming out next month. We think that this is going to be really popular among DGTX HODLers and new users as it’s designed for other cryptocurrencies listed on the Digitex exchange. Users will be able to stake DGTX to earn back cryptocurrencies partnered with our exchange. As more and more cryptocurrencies list on our spot market and put tokens into our yield farming program, demand for DGTX will therefore steadily increase.

With the whole phenomenon of yield farming gaining so much traction, it’s clear that crypto participants want to make their money work for them and earn a passive income on their funds. With our yield farming program, they will be able to easily buy DGTX and deposit it to earn passive income at attractive rates. We’ll be releasing more details on this soon.

Growing the Team

Update for DGTX HODLers 8

As well as actively working to market our existing products and introduce new features to create more new demand for DGTX and new users to the exchange, we’ve been actively growing our team. We’re now 50-person strong here in Kyiv alone! Made up of developers, creatives, and marketers – and we also have plenty of other talented contributors dotted around the globe. 

As always, we appreciate your ongoing support. We’ve made really great progress this year and there is still so much more to come. A big thank you from the Digitex team here at the Kyiv HQ and stay tuned for the next releases coming soon.

Latest News

The Role of Stablecoins in the Crypto Industry 9

The Role of Stablecoins in the Crypto Industry

Digitex
• Dave Reiter
April 27, 2021

During the past decade, several new innovative products have been created in an effort to disrupt the financial services industry. Arguably, the product that has unleashed the most disruption is stablecoins. The first stablecoin was Tether (USDT), officially launched in October 2014.

Immediately upon its introduction to the crypto industry, Tether became incredibly popular and quite useful. Since the release of Tether, over 200 stablecoins have been announced. However, the majority of these coins are still lingering in the phase of research and development (R&D). Additionally, 10% have been discontinued. Currently, 36 stablecoins are in existence with a market capitalization of $75.7 billion. Let’s examine a list of the top 5 stablecoins.

  • Tether (USDT) – $48.7 billion
  • USD Coin (USDC) – $11.3 billion
  • Binance USD (BUSD) – $5.4 billion
  • Dai – (DAI) $3.6 billion
  • TerraUSD (UST) – $1.8 billion

As you can see, Tether is clearly the leader within the stablecoin universe. In fact, Tether’s market capitalization comprises 64% of the entire industry. The top five coins represent 94% of all stablecoins. Essentially, five coins dominate the entire space.

Stablecoins Versus Traditional Cryptocurrencies

Although stablecoins share many of the same features and characteristics of cryptocurrencies, they were designed to solve some of the problems inherently rooted in cryptocurrencies. Let’s discuss the details.

When Satoshi Nakamoto launched the world’s first cryptocurrency on a decentralized ledger in January 2009, Nakamoto could not possibly have forecasted the substantial price appreciation that would transpire during the first decade of its existence. Of course, the cryptocurrency we are referring to is Bitcoin (BTC).

The dramatic increase in the value of BTC in the years following its release was both a benefit and a curse within the global crypto community. Obviously, Bitcoin’s price increase was a huge benefit because a substantial number of investors enjoyed historic rates of return. However, the extraordinary price appreciation was also a major detriment to Bitcoin investors because these price advances also included a great deal of volatility.

Many people in the crypto community were unaware that Nakamoto’s original concept for Bitcoin was a peer-to-peer payment system. In fact, the initial paragraph of the Bitcoin white paper describes “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

As you can clearly see from the white paper, Nakamoto was enamored with the idea of an electronic P2P payment system without the need for a third-party intermediary. From 2009 through 2017, the vast majority of the crypto community supported Nakamoto’s belief that Bitcoin was designed to be a payment system that would ultimately replace Visa, Mastercard, PayPal, and other payment forms as the preferred method for daily transactions.

Following the historic rally in 2017 and subsequent collapse in early-2018, Bitcoiners came to the realization that BTC was much too volatile to be used as a method of payment for daily transactions. Beginning in 2018, the Bitcoin narrative began to change from “method of payment” to “store of value.” Based on the fact that BTC had substantially outperformed gold and all other major asset classes since its inception in 2009, the best use case for Bitcoin going forward was a store of value.

Although the Bitcoin community had successfully changed the BTC narrative in 2018, they still had to deal with the fact that cryptocurrencies were inherently volatile. In order to solve this problem, stablecoins were rolled out on a large-scale basis. Stablecoins are an excellent vehicle for performing day-to-day transactions because they are simplistic, stable, scalable, and secure. Stablecoins fulfilled the role of Nakamoto’s original intent for Bitcoin, which was a peer-to-peer payment system.

Unlike cryptocurrencies, stablecoins are not prone to dramatic price fluctuations because each stablecoin is linked to a fiat currency like the US Dollar or Euro. It is collateralized by the value of the underlying asset. Additionally, each stablecoin is pegged at a 1:1 ratio with the underlying asset. This explains how stablecoins are able to maintain price stability even if other cryptocurrencies are experiencing dramatic volatility.

Types of Stablecoins

Stablecoins can be placed in four different categories. Let’s briefly review each category.

Fiat-collateralized – The vast majority of stablecoins are fiat-collateralized. This means that the stablecoins are backed by fiat currencies like US Dollar, Euro, British Pound and other fiat currencies. As we previously mentioned, stablecoins are linked at a 1:1 ratio with the underlying fiat currency. For each stablecoin in existence, fiat currency is held in a bank account as collateral. When a trader initiates a stablecoin withdrawal, the crypto exchange transfers fiat currency to the trader’s bank account and the corresponding stablecoin is taken out of the trader’s crypto account and removed from circulation.

Commodity-collateralized – As the name implies, commodity-collateralized stablecoins are supported by interchangeable assets such as commodities. The most popular asset in this category is precious metals, specifically gold. In addition to gold, other assets include silver, crude oil and even real estate. The most attractive feature of commodity-collateralized stablecoins is that the owners of these coins hold a tangible asset with real value. This is in stark contrast to other cryptocurrencies, which typically have no tangible value.

Crypto-collateralized – These stablecoins are backed 100% by other cryptocurrencies. Many crypto investors don’t support fiat-collateralized stablecoins because they are linked to the legacy financial services industry through fiat money. Instead, these investors prefer 100% decentralized stablecoins, with all transactions conducted on the blockchain. Even though crypto-collateralized stablecoins are inherently more volatile, there is a growing list of supporters who are willing to tolerate the volatility in exchange for a purely decentralized transaction.

Non-collateralized – Even though stablecoins have been in existence since 2014, very few non-collateralized stablecoins have been issued. The demand for such a coin is relatively small because it carries the greatest amount of risk among all stablecoins. Despite its inherent risk, there is a small group of crypto investors who prefer this type of stablecoin because it is the most decentralized and independent form of stablecoin. Its decentralization stems from the fact that the coin is not collateralized to any other asset. Therefore, it avoids dealing with centralized assets such as fiat money and commodities.

Use Cases for Stablecoins

Even though stablecoins have only been in existence for six years, crypto experts have discovered several different use cases. Let’s review a few of the ways stablecoins are being used within the cryptocurrency ecosystem.

Without question, the most common use case for stablecoins is the ability of crypto traders to easily transfer their funds between various crypto assets. Prior to the introduction of stablecoins, traders were unable to move their crypto assets to a safe and secure coin. Instead, they were forced to liquidate their cryptocurrencies, convert the proceeds back to a fiat currency and also remove their funds from the crypto exchange. Thanks to the introduction of stablecoins, traders have the option of liquidating their cryptocurrencies and parking the proceeds in a stablecoin. This allows all funds to remain in the cryptocurrency ecosystem. Thanks to stablecoins, traders and investors can completely avoid the fiat system.

As stablecoins continue to gain widespread acceptance, the retail community could ultimately become the biggest beneficiary. As we previously discussed, Satoshi Nakamoto’s original use case for Bitcoin was a medium of exchange for day-to-day transactions. However, the daily use of BTC never gained widespread adoption because Bitcoin was simply too volatile. Stablecoins have solved the volatility problem. Therefore, stablecoins have the potential to be used as a daily medium of exchange, finally realizing Nakamoto’s original use case for Bitcoin.

Another use case for stablecoins involves smart contracts. During the past few years, several industries have explored the idea of using smart contracts in an effort to lower their costs by removing third party intermediaries. However, companies have been reluctant to use smart contracts because the payment method usually involved a volatile cryptocurrency like Bitcoin or Ethereum. Thanks to stablecoins, several industries are reexamining the use of smart contracts because the problem of volatility has been solved.

Crypto experts believe that we are just beginning to scratch the surface in terms of how stablecoins will be used as a bridge to connect the old legacy financial services industry with a new system based on decentralized finance. Stablecoins could easily become the fastest growing sector within the cryptocurrency universe.

 

Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

April 27, 2021
Digitex

The Role of Stablecoins in the Crypto Industry

Dave Reiter
The Role of Stablecoins in the Crypto Industry 10

During the past decade, several new innovative products have been created in an effort to disrupt the financial services industry. Arguably, the product that has unleashed the most disruption is stablecoins. The first stablecoin was Tether (USDT), officially launched in October 2014.

Immediately upon its introduction to the crypto industry, Tether became incredibly popular and quite useful. Since the release of Tether, over 200 stablecoins have been announced. However, the majority of these coins are still lingering in the phase of research and development (R&D). Additionally, 10% have been discontinued. Currently, 36 stablecoins are in existence with a market capitalization of $75.7 billion. Let’s examine a list of the top 5 stablecoins.

  • Tether (USDT) – $48.7 billion
  • USD Coin (USDC) – $11.3 billion
  • Binance USD (BUSD) – $5.4 billion
  • Dai – (DAI) $3.6 billion
  • TerraUSD (UST) – $1.8 billion

As you can see, Tether is clearly the leader within the stablecoin universe. In fact, Tether’s market capitalization comprises 64% of the entire industry. The top five coins represent 94% of all stablecoins. Essentially, five coins dominate the entire space.

Stablecoins Versus Traditional Cryptocurrencies

Although stablecoins share many of the same features and characteristics of cryptocurrencies, they were designed to solve some of the problems inherently rooted in cryptocurrencies. Let’s discuss the details.

When Satoshi Nakamoto launched the world’s first cryptocurrency on a decentralized ledger in January 2009, Nakamoto could not possibly have forecasted the substantial price appreciation that would transpire during the first decade of its existence. Of course, the cryptocurrency we are referring to is Bitcoin (BTC).

The dramatic increase in the value of BTC in the years following its release was both a benefit and a curse within the global crypto community. Obviously, Bitcoin’s price increase was a huge benefit because a substantial number of investors enjoyed historic rates of return. However, the extraordinary price appreciation was also a major detriment to Bitcoin investors because these price advances also included a great deal of volatility.

Many people in the crypto community were unaware that Nakamoto’s original concept for Bitcoin was a peer-to-peer payment system. In fact, the initial paragraph of the Bitcoin white paper describes “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

As you can clearly see from the white paper, Nakamoto was enamored with the idea of an electronic P2P payment system without the need for a third-party intermediary. From 2009 through 2017, the vast majority of the crypto community supported Nakamoto’s belief that Bitcoin was designed to be a payment system that would ultimately replace Visa, Mastercard, PayPal, and other payment forms as the preferred method for daily transactions.

Following the historic rally in 2017 and subsequent collapse in early-2018, Bitcoiners came to the realization that BTC was much too volatile to be used as a method of payment for daily transactions. Beginning in 2018, the Bitcoin narrative began to change from “method of payment” to “store of value.” Based on the fact that BTC had substantially outperformed gold and all other major asset classes since its inception in 2009, the best use case for Bitcoin going forward was a store of value.

Although the Bitcoin community had successfully changed the BTC narrative in 2018, they still had to deal with the fact that cryptocurrencies were inherently volatile. In order to solve this problem, stablecoins were rolled out on a large-scale basis. Stablecoins are an excellent vehicle for performing day-to-day transactions because they are simplistic, stable, scalable, and secure. Stablecoins fulfilled the role of Nakamoto’s original intent for Bitcoin, which was a peer-to-peer payment system.

Unlike cryptocurrencies, stablecoins are not prone to dramatic price fluctuations because each stablecoin is linked to a fiat currency like the US Dollar or Euro. It is collateralized by the value of the underlying asset. Additionally, each stablecoin is pegged at a 1:1 ratio with the underlying asset. This explains how stablecoins are able to maintain price stability even if other cryptocurrencies are experiencing dramatic volatility.

Types of Stablecoins

Stablecoins can be placed in four different categories. Let’s briefly review each category.

Fiat-collateralized – The vast majority of stablecoins are fiat-collateralized. This means that the stablecoins are backed by fiat currencies like US Dollar, Euro, British Pound and other fiat currencies. As we previously mentioned, stablecoins are linked at a 1:1 ratio with the underlying fiat currency. For each stablecoin in existence, fiat currency is held in a bank account as collateral. When a trader initiates a stablecoin withdrawal, the crypto exchange transfers fiat currency to the trader’s bank account and the corresponding stablecoin is taken out of the trader’s crypto account and removed from circulation.

Commodity-collateralized – As the name implies, commodity-collateralized stablecoins are supported by interchangeable assets such as commodities. The most popular asset in this category is precious metals, specifically gold. In addition to gold, other assets include silver, crude oil and even real estate. The most attractive feature of commodity-collateralized stablecoins is that the owners of these coins hold a tangible asset with real value. This is in stark contrast to other cryptocurrencies, which typically have no tangible value.

Crypto-collateralized – These stablecoins are backed 100% by other cryptocurrencies. Many crypto investors don’t support fiat-collateralized stablecoins because they are linked to the legacy financial services industry through fiat money. Instead, these investors prefer 100% decentralized stablecoins, with all transactions conducted on the blockchain. Even though crypto-collateralized stablecoins are inherently more volatile, there is a growing list of supporters who are willing to tolerate the volatility in exchange for a purely decentralized transaction.

Non-collateralized – Even though stablecoins have been in existence since 2014, very few non-collateralized stablecoins have been issued. The demand for such a coin is relatively small because it carries the greatest amount of risk among all stablecoins. Despite its inherent risk, there is a small group of crypto investors who prefer this type of stablecoin because it is the most decentralized and independent form of stablecoin. Its decentralization stems from the fact that the coin is not collateralized to any other asset. Therefore, it avoids dealing with centralized assets such as fiat money and commodities.

Use Cases for Stablecoins

Even though stablecoins have only been in existence for six years, crypto experts have discovered several different use cases. Let’s review a few of the ways stablecoins are being used within the cryptocurrency ecosystem.

Without question, the most common use case for stablecoins is the ability of crypto traders to easily transfer their funds between various crypto assets. Prior to the introduction of stablecoins, traders were unable to move their crypto assets to a safe and secure coin. Instead, they were forced to liquidate their cryptocurrencies, convert the proceeds back to a fiat currency and also remove their funds from the crypto exchange. Thanks to the introduction of stablecoins, traders have the option of liquidating their cryptocurrencies and parking the proceeds in a stablecoin. This allows all funds to remain in the cryptocurrency ecosystem. Thanks to stablecoins, traders and investors can completely avoid the fiat system.

As stablecoins continue to gain widespread acceptance, the retail community could ultimately become the biggest beneficiary. As we previously discussed, Satoshi Nakamoto’s original use case for Bitcoin was a medium of exchange for day-to-day transactions. However, the daily use of BTC never gained widespread adoption because Bitcoin was simply too volatile. Stablecoins have solved the volatility problem. Therefore, stablecoins have the potential to be used as a daily medium of exchange, finally realizing Nakamoto’s original use case for Bitcoin.

Another use case for stablecoins involves smart contracts. During the past few years, several industries have explored the idea of using smart contracts in an effort to lower their costs by removing third party intermediaries. However, companies have been reluctant to use smart contracts because the payment method usually involved a volatile cryptocurrency like Bitcoin or Ethereum. Thanks to stablecoins, several industries are reexamining the use of smart contracts because the problem of volatility has been solved.

Crypto experts believe that we are just beginning to scratch the surface in terms of how stablecoins will be used as a bridge to connect the old legacy financial services industry with a new system based on decentralized finance. Stablecoins could easily become the fastest growing sector within the cryptocurrency universe.

 

Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

Should You Invest in a Bitcoin ETF? 11

Should You Invest in a Bitcoin ETF?

Digitex Futures
Digitex
• Dave Reiter
April 22, 2021

The global investment community was introduced to exchange-traded funds (ETFs) on January 22, 1993, when State Street Global Advisors launched the SPDR S&P 500 ETF. It was designed to track the daily performance of the S&P 500 stock index. The State Street ETF immediately became a popular product among individual and institutional investors because it provided a low-cost approach to portfolio diversification.

Today, 28 years after its launch date, SPY remains one of the most heavily traded investment vehicles within the global financial services industry. It’s not uncommon for daily volume to exceed 100 million shares.

ETFs Gain Popularity Following the Dotcom Crash

During the past three decades, ETFs have exploded in popularity. However, they certainly did not become an overnight sensation. For the first 10 years of their existence, investors basically ignored ETFs because the industry did a poor job of marketing their products and communicating the benefits of owning exchange-traded funds.

Despite the fact that stocks had experienced a roaring bull market throughout the decade of the 1990s, most investors lost money by aggressively speculating in the “high flying” internet stocks. Therefore, by the early-2000s, investors were searching for a low-cost, diversified method for participating in the stock market. ETFs were the perfect solution.

In 2003, the size of the global ETF industry was USD $204.3 billion. Investments in ETFs have exploded during the past 18 years. In fact, with the exception of 2008, the value of exchange-traded funds has increased every year since 2003. In 2010, the ETF asset class reached its first major milestone by exceeding USD $1 trillion in market capitalization.

As you can see from the following table, investors have been pouring money into ETFs during the past decade. In fact, since 2010, the asset class has expanded by 489%. By 2023, the global market capitalization of exchange-traded funds is projected to be USD $12.0 trillion, making it one of the fastest-growing investment vehicles of all time. These numbers are based on data provided by Statista.

  • 2010 – USD $1.313 trillion
  • 2013 – USD $2.283 trillion
  • 2015 – USD $3.423 trillion
  • 2017 – USD $4.690 trillion
  • 2019 – USD $6.194 trillion
  • 2020 – USD $7.736 trillion

ETFs Viewed Through the Lens of Technological Innovation

For the past several decades, the financial services industry has been constantly criticized for its lack of innovation, particularly as it relates to technology. The industry has always been behind the curve in regard to technological innovation. In fact, technology improvements were practically non-existent for the majority of the 20th century.

However, in 1992, one of the most disruptive innovations in the history of financial services was unveiled when E*Trade introduced online trading. This new financial technology introduced millions of first-time traders to the stock market. For example, in 1995, only 300,000 investors in the United States had an online brokerage account. Five years later, in 2000, 11.3 million traders were participating in online trading. This represents a dramatic increase of 3,667%.

Is it simply a coincidence that exchange-traded funds were introduced to the investing public at precisely the same time as online trading? The short answer is, “no.” It’s not uncommon for innovative solutions to arrive in waves or clusters. An important new discovery (like online trading) usually lays the groundwork for other innovators to roll out new trailblazing technology (like ETFs).

In terms of its impact on the financial services industry, ETFs will go down in the history books as one of the most disruptive forces in comparison to other major industry groups. Please review the following list taken from data provided by the U.S. Census Bureau, Statista, BlackRock, and the International Federation of Robotics.

Annual Technology Adoption Rate Since 2009 (CAGR):

  • Smartphones – 24.3%
  • ETFs – 18.0%
  • Social media – 13.0%
  • Retail sales via e-commerce – 11.8%
  • Industrial robots – 10.9%

When most people view this list for the first time, they are shocked to discover how impactful ETFs have been on the financial services industry compared to major innovations across other industry groups. Exchange-traded funds have easily been one of the most disruptive forces of the past 50 years.

Two Disruptive Technologies Join Forces: Bitcoin and ETFs

Bitcoin was launched by Satoshi Nakamoto on January 3, 2009. The early years of Bitcoin (BTC) were very similar to exchange-traded funds. Investors were not the least bit interested in learning about the benefits of owning BTC, which is exactly the same type of reception received by ETFs. It’s not uncommon for people to ignore new discoveries, particularly technological discoveries.

As a general rule, people prefer to avoid disruptive innovations because they don’t like daily changes to their routine. This explains why it takes several years for some of the best discoveries to reach mainstream adoption.

As we previously mentioned, ETFs exploded in popularity beginning in the early-2000s, as investors discovered the benefits of owning exchange-traded funds. It took 17 years for ETFs to reach USD $1 trillion in market capitalization. Bitcoin achieved the same level in 12 years. In fact, BTC became the fastest asset class to reach USD $1 trillion in market capitalization. Most likely, Bitcoin will eventually exceed the asset level of ETFs, which currently stands at approximately USD $8 trillion.

During the past few years, several investment firms have attempted to gain regulatory approval for a Bitcoin ETF. In the United States, the Securities and Exchange Commission (SEC) has not yet approved any Bitcoin ETF application.

However, Canadian regulators provided clearance to Purpose Investments Inc by allowing the investment company to become the world’s first Bitcoin ETF. The official launch date was February 18, 2021. Although the Bitcoin ETF has only been in existence for two months, it has attracted a substantial number of new investors. Recently, Purpose Investments announced that its Bitcoin ETF exceeded USD $1 billion of assets under management. Most likely, this trend will continue as United States investors patiently wait for the SEC to approve a Bitcoin ETF.

Why are Bitcoin ETFs so highly anticipated within the global investment community? Because both of these innovative products provide investors with an opportunity to own a completely new asset class by using a low-cost vehicle like an ETF. Let’s briefly review a few of the main features and characteristics of an ETF.

Low cost

In comparison to mutual funds, exchange-traded funds are much cheaper in terms of the fees investors are required to pay. For example, a typical mutual fund charges a wide variety of fees. The list includes management fees, 12b-1 fee, administrative fees, operating fees, trading fees, auditing fees, and legal fees. The list of fees is endless.

All of these mutual fund fees are added together to create an expense ratio, which represents the total cost paid by the investor to own shares of the mutual fund. It’s not uncommon for investors to pay 1.5% to 2.0% annually. The fees are even higher if the investor uses a financial advisor.

ETFs offer some of the lowest fees in the financial services industry. The average annual ETF fee is 0.4%. Many exchange-traded funds are lower than 0.4%. In fact, many ETFs to charge less than 0.1%. This explains why investors have moved a substantial portion of their investment dollars into ETFs during the past 20 years.

Liquidity

As we previously discussed, the dollar value of ETFs has increased substantially during the past decade. The current value of assets invested in ETFs is approximately USD $8 trillion. This provides investors with a tremendous amount of liquidity to buy and sell without affecting the price of the underlying ETF. The bid/ask spread for the average ETF is very tight because of liquidity.

Accessibility

Exchange-traded funds are available on many stock exchanges across the world. ETFs trade in the same format as stocks. They are quoted on a per share basis and can be bought or sold throughout each trading day. In terms of user experience, trading an ETF is exactly the same as trading a stock.

Transparency

Over the course of the past 20 years, the financial services industry has introduced a wide variety of new investment products to the global investment community. The majority of these products were released prior to the 2008 Global Financial Crisis.

Unfortunately, many individual investors, large institutions, and public pension plans found themselves locked in these opaque and highly complex investment products. When the financial markets began to unravel in late-2008, it became impossible for investors to liquidate their positions. Of course, this only exacerbated the financial crisis.

The financial crisis taught many investors to avoid highly sophisticated investments. This explains why there has been a large increase in ETF activity since 2009. ETFs are one of the most transparent investment products within the financial services industry because ETF providers openly communicate important information to investors in terms of how these products are structured. Consequently, investors have a much better experience participating in ETFs compared to other financial products.

Diversification

Exchange-traded funds are an excellent choice for investors who are attempting to diversify their portfolios. Unlike individual stocks or bonds, ETFs provide investors with the opportunity to select various sectors, industry groups, and geographic locations.

As of 2020, the total number of listed ETFs in the United States was 2,445. Investors can select from a number of different categories: stocks, bonds, commodities, currencies, real estate, and alternative assets. These various categories provide investors with a tremendous amount of diversification. This data is provided by ETF Database.

As you can see, exchange-traded funds provide investors with several excellent features. These features and characteristics are the main reason why investors find Bitcoin ETFs so attractive. It will be a low-cost way for investors to gain exposure to BTC. Due to regulatory constraints, many investors have been unable to purchase BTC through a traditional brokerage account. Therefore, Bitcoin ETFs will allow these investors to purchase BTC for the first time.

GBTC Is Not a Bitcoin ETF

In September 2013, Grayscale Investments launched the Grayscale Bitcoin Trust, which allowed accredited investors to gain exposure to BTC through a private placement offering. The minimum investment was USD $50,000. While this product is still actively managed, it is no longer accepting new investors.

In May 2015, Grayscale received approval from the Financial Industry Regulatory Authority (FINRA) to allow shares of the Grayscale Bitcoin Trust to trade publicly on the over-the-counter (OTC) market, using the ticker symbol GBTC. This allowed individual investors to buy and sell shares of GBTC through a traditional brokerage account.

During the past six years, GBTC has become an incredibly popular product within the Bitcoin community. Prior to the launch of Purpose Investments’ Bitcoin ETF in February, GBTC was the only way to invest in Bitcoin without purchasing BTC through a crypto brokerage account. GBTC exploded in popularity during the 2017 BTC bull market. In late-2020, GBTC experienced another wave of new money, as Bitcoin enjoyed a dramatic rally. As of March 31, GBTC has USD $45.6 billion of assets under management, making it one of the most popular investment products within the financial services industry.

Despite its popularity, many investors are under the impression that GBTC is an ETF. This is not true. Even though it trades on a regulated exchange like other ETFs, GBTC is officially an exchange-traded note (ETN). Essentially, an ETN is an unsecured debt instrument issued by a financial institution. In the case of GBTC, Grayscale Investments created the Grayscale Bitcoin Trust for the purpose of issuing the ETN.

Exchange-traded notes are designed to track an underlying index or security. In terms of GBTC, the underlying security is Bitcoin. When an investor buys GBTC, Grayscale purchases an equal amount of Bitcoin. The investor does not own the BTC. Instead, the BTC is held by Grayscale in the name of the trust.

Grayscale Bitcoin Trust was legally established as an investment trust, which means that the trust is a closed-end fund. The distinguishing characteristic of a closed-end fund is that it issues a limited number of shares when a new product is launched, like the Grayscale Bitcoin Trust. Therefore, GBTC has a limited number of shares that trade on the OTC exchange. These shares can trade at a discount or a premium to the underlying security, which is Bitcoin.

Consequently, it’s not uncommon for the share price of GBTC to trade in the opposite direction of Bitcoin. There are days when the price of Bitcoin rises while the share price of GBTC declines.

ETFs are a much better product because they are not structured like GBTC. Additionally, ETF fees are substantially lower compared to ETN fees. For example, the annual management fee for GBTC is 2.0%. As you know from our previous discussions, the average ETF fee is substantially lower than 2.0%.

Overall, a Bitcoin ETF is a much better product than GBTC. This explains why many investors are waiting to invest in Bitcoin until an ETF is launched in the United States. Most likely, Bitcoin ETFs will go down in the history books as one of the greatest investment products of the 21st century.

Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

April 22, 2021
Digitex Futures
Digitex

Should You Invest in a Bitcoin ETF?

Dave Reiter
Should You Invest in a Bitcoin ETF? 12

The global investment community was introduced to exchange-traded funds (ETFs) on January 22, 1993, when State Street Global Advisors launched the SPDR S&P 500 ETF. It was designed to track the daily performance of the S&P 500 stock index. The State Street ETF immediately became a popular product among individual and institutional investors because it provided a low-cost approach to portfolio diversification.

Today, 28 years after its launch date, SPY remains one of the most heavily traded investment vehicles within the global financial services industry. It’s not uncommon for daily volume to exceed 100 million shares.

ETFs Gain Popularity Following the Dotcom Crash

During the past three decades, ETFs have exploded in popularity. However, they certainly did not become an overnight sensation. For the first 10 years of their existence, investors basically ignored ETFs because the industry did a poor job of marketing their products and communicating the benefits of owning exchange-traded funds.

Despite the fact that stocks had experienced a roaring bull market throughout the decade of the 1990s, most investors lost money by aggressively speculating in the “high flying” internet stocks. Therefore, by the early-2000s, investors were searching for a low-cost, diversified method for participating in the stock market. ETFs were the perfect solution.

In 2003, the size of the global ETF industry was USD $204.3 billion. Investments in ETFs have exploded during the past 18 years. In fact, with the exception of 2008, the value of exchange-traded funds has increased every year since 2003. In 2010, the ETF asset class reached its first major milestone by exceeding USD $1 trillion in market capitalization.

As you can see from the following table, investors have been pouring money into ETFs during the past decade. In fact, since 2010, the asset class has expanded by 489%. By 2023, the global market capitalization of exchange-traded funds is projected to be USD $12.0 trillion, making it one of the fastest-growing investment vehicles of all time. These numbers are based on data provided by Statista.

  • 2010 – USD $1.313 trillion
  • 2013 – USD $2.283 trillion
  • 2015 – USD $3.423 trillion
  • 2017 – USD $4.690 trillion
  • 2019 – USD $6.194 trillion
  • 2020 – USD $7.736 trillion

ETFs Viewed Through the Lens of Technological Innovation

For the past several decades, the financial services industry has been constantly criticized for its lack of innovation, particularly as it relates to technology. The industry has always been behind the curve in regard to technological innovation. In fact, technology improvements were practically non-existent for the majority of the 20th century.

However, in 1992, one of the most disruptive innovations in the history of financial services was unveiled when E*Trade introduced online trading. This new financial technology introduced millions of first-time traders to the stock market. For example, in 1995, only 300,000 investors in the United States had an online brokerage account. Five years later, in 2000, 11.3 million traders were participating in online trading. This represents a dramatic increase of 3,667%.

Is it simply a coincidence that exchange-traded funds were introduced to the investing public at precisely the same time as online trading? The short answer is, “no.” It’s not uncommon for innovative solutions to arrive in waves or clusters. An important new discovery (like online trading) usually lays the groundwork for other innovators to roll out new trailblazing technology (like ETFs).

In terms of its impact on the financial services industry, ETFs will go down in the history books as one of the most disruptive forces in comparison to other major industry groups. Please review the following list taken from data provided by the U.S. Census Bureau, Statista, BlackRock, and the International Federation of Robotics.

Annual Technology Adoption Rate Since 2009 (CAGR):

  • Smartphones – 24.3%
  • ETFs – 18.0%
  • Social media – 13.0%
  • Retail sales via e-commerce – 11.8%
  • Industrial robots – 10.9%

When most people view this list for the first time, they are shocked to discover how impactful ETFs have been on the financial services industry compared to major innovations across other industry groups. Exchange-traded funds have easily been one of the most disruptive forces of the past 50 years.

Two Disruptive Technologies Join Forces: Bitcoin and ETFs

Bitcoin was launched by Satoshi Nakamoto on January 3, 2009. The early years of Bitcoin (BTC) were very similar to exchange-traded funds. Investors were not the least bit interested in learning about the benefits of owning BTC, which is exactly the same type of reception received by ETFs. It’s not uncommon for people to ignore new discoveries, particularly technological discoveries.

As a general rule, people prefer to avoid disruptive innovations because they don’t like daily changes to their routine. This explains why it takes several years for some of the best discoveries to reach mainstream adoption.

As we previously mentioned, ETFs exploded in popularity beginning in the early-2000s, as investors discovered the benefits of owning exchange-traded funds. It took 17 years for ETFs to reach USD $1 trillion in market capitalization. Bitcoin achieved the same level in 12 years. In fact, BTC became the fastest asset class to reach USD $1 trillion in market capitalization. Most likely, Bitcoin will eventually exceed the asset level of ETFs, which currently stands at approximately USD $8 trillion.

During the past few years, several investment firms have attempted to gain regulatory approval for a Bitcoin ETF. In the United States, the Securities and Exchange Commission (SEC) has not yet approved any Bitcoin ETF application.

However, Canadian regulators provided clearance to Purpose Investments Inc by allowing the investment company to become the world’s first Bitcoin ETF. The official launch date was February 18, 2021. Although the Bitcoin ETF has only been in existence for two months, it has attracted a substantial number of new investors. Recently, Purpose Investments announced that its Bitcoin ETF exceeded USD $1 billion of assets under management. Most likely, this trend will continue as United States investors patiently wait for the SEC to approve a Bitcoin ETF.

Why are Bitcoin ETFs so highly anticipated within the global investment community? Because both of these innovative products provide investors with an opportunity to own a completely new asset class by using a low-cost vehicle like an ETF. Let’s briefly review a few of the main features and characteristics of an ETF.

Low cost

In comparison to mutual funds, exchange-traded funds are much cheaper in terms of the fees investors are required to pay. For example, a typical mutual fund charges a wide variety of fees. The list includes management fees, 12b-1 fee, administrative fees, operating fees, trading fees, auditing fees, and legal fees. The list of fees is endless.

All of these mutual fund fees are added together to create an expense ratio, which represents the total cost paid by the investor to own shares of the mutual fund. It’s not uncommon for investors to pay 1.5% to 2.0% annually. The fees are even higher if the investor uses a financial advisor.

ETFs offer some of the lowest fees in the financial services industry. The average annual ETF fee is 0.4%. Many exchange-traded funds are lower than 0.4%. In fact, many ETFs to charge less than 0.1%. This explains why investors have moved a substantial portion of their investment dollars into ETFs during the past 20 years.

Liquidity

As we previously discussed, the dollar value of ETFs has increased substantially during the past decade. The current value of assets invested in ETFs is approximately USD $8 trillion. This provides investors with a tremendous amount of liquidity to buy and sell without affecting the price of the underlying ETF. The bid/ask spread for the average ETF is very tight because of liquidity.

Accessibility

Exchange-traded funds are available on many stock exchanges across the world. ETFs trade in the same format as stocks. They are quoted on a per share basis and can be bought or sold throughout each trading day. In terms of user experience, trading an ETF is exactly the same as trading a stock.

Transparency

Over the course of the past 20 years, the financial services industry has introduced a wide variety of new investment products to the global investment community. The majority of these products were released prior to the 2008 Global Financial Crisis.

Unfortunately, many individual investors, large institutions, and public pension plans found themselves locked in these opaque and highly complex investment products. When the financial markets began to unravel in late-2008, it became impossible for investors to liquidate their positions. Of course, this only exacerbated the financial crisis.

The financial crisis taught many investors to avoid highly sophisticated investments. This explains why there has been a large increase in ETF activity since 2009. ETFs are one of the most transparent investment products within the financial services industry because ETF providers openly communicate important information to investors in terms of how these products are structured. Consequently, investors have a much better experience participating in ETFs compared to other financial products.

Diversification

Exchange-traded funds are an excellent choice for investors who are attempting to diversify their portfolios. Unlike individual stocks or bonds, ETFs provide investors with the opportunity to select various sectors, industry groups, and geographic locations.

As of 2020, the total number of listed ETFs in the United States was 2,445. Investors can select from a number of different categories: stocks, bonds, commodities, currencies, real estate, and alternative assets. These various categories provide investors with a tremendous amount of diversification. This data is provided by ETF Database.

As you can see, exchange-traded funds provide investors with several excellent features. These features and characteristics are the main reason why investors find Bitcoin ETFs so attractive. It will be a low-cost way for investors to gain exposure to BTC. Due to regulatory constraints, many investors have been unable to purchase BTC through a traditional brokerage account. Therefore, Bitcoin ETFs will allow these investors to purchase BTC for the first time.

GBTC Is Not a Bitcoin ETF

In September 2013, Grayscale Investments launched the Grayscale Bitcoin Trust, which allowed accredited investors to gain exposure to BTC through a private placement offering. The minimum investment was USD $50,000. While this product is still actively managed, it is no longer accepting new investors.

In May 2015, Grayscale received approval from the Financial Industry Regulatory Authority (FINRA) to allow shares of the Grayscale Bitcoin Trust to trade publicly on the over-the-counter (OTC) market, using the ticker symbol GBTC. This allowed individual investors to buy and sell shares of GBTC through a traditional brokerage account.

During the past six years, GBTC has become an incredibly popular product within the Bitcoin community. Prior to the launch of Purpose Investments’ Bitcoin ETF in February, GBTC was the only way to invest in Bitcoin without purchasing BTC through a crypto brokerage account. GBTC exploded in popularity during the 2017 BTC bull market. In late-2020, GBTC experienced another wave of new money, as Bitcoin enjoyed a dramatic rally. As of March 31, GBTC has USD $45.6 billion of assets under management, making it one of the most popular investment products within the financial services industry.

Despite its popularity, many investors are under the impression that GBTC is an ETF. This is not true. Even though it trades on a regulated exchange like other ETFs, GBTC is officially an exchange-traded note (ETN). Essentially, an ETN is an unsecured debt instrument issued by a financial institution. In the case of GBTC, Grayscale Investments created the Grayscale Bitcoin Trust for the purpose of issuing the ETN.

Exchange-traded notes are designed to track an underlying index or security. In terms of GBTC, the underlying security is Bitcoin. When an investor buys GBTC, Grayscale purchases an equal amount of Bitcoin. The investor does not own the BTC. Instead, the BTC is held by Grayscale in the name of the trust.

Grayscale Bitcoin Trust was legally established as an investment trust, which means that the trust is a closed-end fund. The distinguishing characteristic of a closed-end fund is that it issues a limited number of shares when a new product is launched, like the Grayscale Bitcoin Trust. Therefore, GBTC has a limited number of shares that trade on the OTC exchange. These shares can trade at a discount or a premium to the underlying security, which is Bitcoin.

Consequently, it’s not uncommon for the share price of GBTC to trade in the opposite direction of Bitcoin. There are days when the price of Bitcoin rises while the share price of GBTC declines.

ETFs are a much better product because they are not structured like GBTC. Additionally, ETF fees are substantially lower compared to ETN fees. For example, the annual management fee for GBTC is 2.0%. As you know from our previous discussions, the average ETF fee is substantially lower than 2.0%.

Overall, a Bitcoin ETF is a much better product than GBTC. This explains why many investors are waiting to invest in Bitcoin until an ETF is launched in the United States. Most likely, Bitcoin ETFs will go down in the history books as one of the greatest investment products of the 21st century.

Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

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• Trekk
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The first quarter of 2019 is coming to a close and the overall market sentiment has been fairly low. But at Digitex Futures, we know the industry isn’t solely driven by price fluctuations. As we’ve said before, longevity in the space comes from looking at the bigger picture. So, let’s check out some of the developments over the past few months showing that cryptocurrency awareness is growing and the industry is progressing. Continue reading

March 19, 2019
Crypto Industry
Digitex Futures

Crypto Industry Highlights with Signs of Longevity

Trekk
Crypto Industry Highlights with Signs of Longevity 14

The first quarter of 2019 is coming to a close and the overall market sentiment has been fairly low. But at Digitex Futures, we know the industry isn’t solely driven by price fluctuations. As we’ve said before, longevity in the space comes from looking at the bigger picture. So, let’s check out some of the developments over the past few months showing that cryptocurrency awareness is growing and the industry is progressing. Continue reading

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Unfortunately, the cryptocurrency price performance at the end of 2018 has spilled over into 2019. Sorry to say, but the crypto bear market continues! However, as investors, we must remember that generating the final bottom in a bear market is a process. It doesn’t magically occur just because we’re in a new calendar year. Continue reading

February 1, 2019
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January Review: Analyzing Cryptos and DGTX Performance

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January Review: Analyzing Cryptos and DGTX Performance 16

Unfortunately, the cryptocurrency price performance at the end of 2018 has spilled over into 2019. Sorry to say, but the crypto bear market continues! However, as investors, we must remember that generating the final bottom in a bear market is a process. It doesn’t magically occur just because we’re in a new calendar year. Continue reading

Latest News