The Monthly Drop
 
 
Covering A to Z with Algoz
 
 
 
 

THE BIGGEST WAVES HITTING THE CRYPTO SHORE

APRIL 2020

 

HIGHLIGHTS
  • One of the world's top 10 hedge funds has joined the crypto scene! 
  • The biggest names in our industry have caught regulatory attention in a new lawsuit. 
  • The Great Lockdown has been treating one crypto asset manager really well...
     

SOME ALGOZ UPDATES

 

6 MONTH MILESTONE
 
xqimg.imedao.com16ddcb9daa7107c3fdd3c882.jpg!custom660April 30th marks the 6 months anniversary of Algoz's strategy on the UltrAlpha platform! We are proud to be concluding this term as the best preforming strategy on the platform with a double digit year-to-date yield! 
 
 
 
ALGOZ TRADING STRATEGIES
 
2-4Want to know more about our trading solutions? Check out the resources tab on our website now! 
 
 
 
 
 
 
ALGOZ TO SERVE AS MARKET-MAKERS AND LIQUIDITY PROVIDERS FOR THE 2KEY TOKEN
 
2key x algoz2Key, the project that developed the SmartLink technology and created the integration between HTTP links and Smart Contracts is listing its 2KEY token next week, with Algoz serving as its official market maker.
 
For more details read here
 
 
 

30 DAYS IN 1

BIGGEST TRADING NEWS & MORE

 

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Double Figure Returns. World leading quant hedge fund, Renaissance Technologies, is taking its first move in the crypto economy. As per its regulatory filing, the Medallion Fund, which is only open to the $75 billion hedge fund’s employees, will be first to enter into bitcoin futures transactions. It will be interesting to see how this plays out, as the Medallion Fund’s track record in annual returns is unparalleled, generating double figure returns consistently.

 

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Class Action Lawsuit. The selling of unlicensed securities without a broker-dealer license and engaging in market manipulation has landed seven of the largest crypto companies under fire.

 

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Uphill Battle. While the world faces an economic downturn proving to be just as, if not more, fatal than the 08’ recession, drastic slumps in asset prices have been favourable to Grayscale Investments. The turbulence of volatility during the first quarter and decreasing prices of crypto assets encouraged Grayscale clients to invest, resulting in the firm raising over half a billion dollars in Q1 of 2020. 88% of the total investment came from institutional investors.

 

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Cleaning the Industry? The implementation of a new analysis tool by the Huobi Group is proclaimed to place the exchange in a leading role in detecting and preventing money laundering, fraud, illegal dark web sales, and price manipulation on crypto trading platforms. Will others follow suit?

 

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Coming out with a Bang. Looking to raise $100 million, bitcoin mining machines manufacturer, Ebang, has filed for a U.S IPO. One can expect to see their shares listed on either New York Stock Exchange (NYSE) or Nasdaq Global Market in the near future. 

 

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Watchdogs of China. While China’s CBDC continues to progress smoothly and hastily, the National Internet Finance Association of China (NIFA), is further deterring Chinese citizens from crypto-trading by issuing claims in lines of lack of transparency and fraudulent activity.

 

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Scandalous Vis-a-Vis. Binance’s highly anticipated Binance Card made a sudden yet important change of course. Till date, the media coverage spotlighted that the Binance card would be a Visa-issued credit card. The engagement with Visa - a favourable brand for electronic fund transfers among the masses, created quite a lot of buzz. However, in a sudden move all references to VISA have been removed, and that too without any notification or explanation.

 

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The Dark Market Faces a Dark Period. A recent report from ChainAnalysis uncovered the impact of COVID-19 on Bitcoin spending. A profound correlation has been drawn between darknet activities and bitcoin’s price and spending. It seems as if drug vendors of the dark market may abandon bitcoin as a form of payment due to this fear.

 

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Green Light. Although the news came in with a slight delay, the govt. of Japan's new laws are paving the way for the launch of Japan’s security token offerings (STO) industry.

 

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Libra Overhaul. When Libra had been announced last year in June, complete mayhem broke out. The regulatory scrutiny was overbearing, to say the least. Still intent on launching in 2020, the team behind the Libra currency has released ‘White Paper v2.0’ stating the changes they are making to combat the issues that were raised in regard to the initial version.

 

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TONing it down. Set to have released in April, messaging giant, Telegram’s, TON blockchain network’s release date has been further pushed down to April 2021. During October 2019, Telegram officials had promised to return 72% of their investor’s money, totalling to $1.2 billion of the $1.7 billion Telegram had raised. Now Telegram is giving its investors an alternative option to stay put.

 

THE ALGOZ-CAL

UPCOMING BLOCKCHAIN & CRYPTO EVENTS

 

ETHEREAL SUMMIT | VIRTUAL | MAY 7 - 8, 2020

BITCOIN HALVING | BLOCK 630,000 | MAY 11, 2020

CONSENSUS: DISTRIBUTED | VIRTUAL | MAY 11 - 15, 2020

CRYPTO ASIA SUMMIT | VIRTUAL | May 18 - 23, 2020

BLOCKDOWN | VIRTUAL | JUNE 18 - 19, 2020

ASIA BLOCKCHAIN SUMMIT | VIRTUAL | JULY 15, 2020

 

The Last Drop

 

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