Not rendering correctly? View this email as a web page here.
 
 
 
 
The Monthly Drop
 
 
Covering A to Z with Algoz
 
 
 
 

THE BIGGEST WAVES HITTING THE CRYPTO SHORE

JULY 2020

 

If you were forwarded this newsletter and would like to receive it, you may sign up here.

 

HIGHLIGHTS
  • Make America Great Again. 
  • Capital markets merging with crypto markets ... kinda
  • Putin 🤦‍♀️

 

SOME ALGOZ UPDATES

 
TRADING & OUT
 
The Algoz team would like to take this opportunity to thank all of our readers for the continued support! As of this September, Algoz will be changing its trading operational structure and, therefore, in compliance with regulatory requirement, this will be our last update on our strategies' results! For those of you who got hooked already, our newsletter will continue to provide you with the most exciting market updates and news about our market making activities.

 

Trading and out!

 

THE ALGOZ TEAM 💧

 
JULY RESULTS
 
1-114July results for our Long Short Alpha Links trading strategy and Position Trading strategy is up on the resources tab on our website now. Check them out and our year-to-date results! 
 
 
 
 
 
 
 
 

30 DAYS IN 1

BIGGEST TRADING NEWS & MORE

 

drop

The Power of Custody. US regulators have opened up many doors for millions of Americans! All national banks & federal savings associations will now be able to provide digital asset custody services to its customers!

 

drop

Digital Assets in an Institutional Infrastructure. London Stock Exchange Group’s (LSEG) financial database, SEDOL Masterfile, saw an addition of 169 new asset-identifier codes. Those 169 assets are classified as digital assets, including Bitcoin! SEDOL allows LSE traders, “to keep track of traded assets from execution to settlement."

 

drop

Crypto in the Lead. Dollar in need of Heed. America is faced with historic economic lows. In Q2 of 2020, the GDP fell by 32.9%. As per the Dollar Index, USD fell by 4.3% in July. And, if it could not get worse, a new set of 1.4 million unemployment claims were processed. All the while, crypto continues to be a testament to its claims of being an uncorrelated asset. In the month of July, leading assets, Bitcoin and Ethereum amassed gains of 21% and 48%, respectively.

 

drop

Whip out your Cards. The de-facto standard in payment processing is electronic fund transfers. The industry leaders’, Visa, Mastercard, and PayPal, work to integrate crypto capabilities and compatibility cannot go unnoticed, not just by industry insiders but also by everyday ‘retail’ consumers. PayPal’s 325 million users will soon be equipped with the option to buy/sell crypto from the online payment platform, with Paxos playing broker. On another note, Mastercard has granted Wirex principal membership, through which Wirex will now be able to directly issue Mastercard payment cards to its members. This will be an addition to Wirex’s product range already issuing Visa cards with integrated digital asset features. Apart from Wirex, Visa is linked to over 25 crypto wallets which can be used with over 61 million merchants.

 

drop

One Step Forward, Two Steps Back. While crypto payments will become a whole lot more accessible and widely accepted – thanks to Visa, Mastercard, and PayPal, they will become banned in Russia. President, Vladimir Putin, has given his sign of approval to pass a bill prohibiting cryptocurrencies to act as a means of payment.  

 

drop

Indirect Exposure at its Peak. The cumulative investment across Grayscale’s suite of digital asset products totaled a figure just shy of $1 Billion in the second quarter of 2020 alone! Of 57% of its investor base, 14% accounted for new investors joining the digital asset party.

 

drop

Exchange to go Public. Coinbase has begun the process of going public and being listed on a US exchange! This is subject to approval by the SEC… which leaves more feeling of despair then hope. However, if approved, Coinbase will become the first crypto exchange to go public in the US.

 

drop

Report of the Month. Fidelity Digital Assets continues to educate the crypto community with a new publication. The ‘Bitcoin Investment Thesis’ explores and dissects the ongoing debate of whether Bitcoin is a store of value. In the last edition of the Monthly Drop, Algoz weighed in on Fidelity’s famously cited, ‘Annual Institutional Crypto survey’!

 

drop

Monthly & All-time Record. A 174% month-over-month increase marks a record-breaking figure of $4.3 billion in DEX (i.e. decentralized exchange) volumes. July DEX volumes is nearly double of the collective 2019 total trading volumes in decentralized exchanges, breaking the highest monthly volume record, as well as the first-time volumes surpassing the $4 billion mark.

 

THE ALGOZ-CAL

UPCOMING BLOCKCHAIN & CRYPTO EVENTS

 

HONG KONG BLOCKCHAIN WEEK | Hong Kong | SEPT 28 - 30, 2020

TOKEN2049 | Hong Kong | OCT 7 - 8, 2020

AIBC SUMMIT | Malta | NOV 18 - 19, 2020

 

The Last Drop

 

4alzmv

 

 

Share the Monthly Drop

 facebook twitter linkedin email

 

Subscribe

subscribe

 

 

The Monthly Drop

A monthly newsletter by Algoz

© 2020 Algoz | All Rights Reserved

PREVIOUS EDITIONS

info@algoz.io

Let's get in touch!
contact us