Built Environments and Blockchain Tech

After a few days in Mumbai meeting with large industrials and regulators (and FPV portfolio company Everledger which just opened a Mumbai office), I spent the past couple of days in London, where I spoke at the World Built Summit, an annual conference convened by RICS, the Royal Institution of Chartered Surveyors. RICS is one  … Read more


Posted: April 24th 2018 None

Campus Crypto Fever

This past Friday I spoke at Penn’s inaugural Blockchain Conference. It was a special speaking engagement for me, as I am a Penn grad and my interest in economics and business started and flourished there. Over the past five years speaking on college campuses, I have encouraged students to explore the blockchain sector. During the past year,  … Read more


Posted: April 9th 2018 None

The Big Chill

The first quarter was not a pretty one for cryptocurrency prices — from January 1-March 31, Bitcoin lost over 50% of its value, with a number of smaller altcoins down over 60%. Regulatory action, hacks and scams weighed heavily, with newer investors who came in during the gold rush of Q4 heading for the exits.  … Read more


Posted: April 3rd 2018 None

Crypto Chess Continues

“Welcome to #Malta @binance,” Joseph Muscat, the country’s prime minister, tweeted on Friday. “We aim to be the global trailblazers in the regulation of blockchain-based businesses.” Binance, one of the world’s largest cryptoasset exchanges by volume, announced this past week that it moved its headquarters from Hong Kong to Malta. This move came on the  … Read more


Posted: March 26th 2018 None

Lightning Strikes the Sector

I took a hiatus from the newsletter last week, while meeting with entrepreneurs and speaking at SXSW in Austin. Similar to what I saw (at the very different gathering) at Davos in January, much of the conference chatter revolved around blockchain technology. Almost on cue, last Sunday night John Oliver broadcast an episode (link below)  … Read more


Posted: March 19th 2018 None

Securities Tokens

In the past week, more news started to emerge about the SEC subpoenas that I alluded to in last week’s newsletter. While it remains to be seen what the SEC plans to do with the information, it is clear that they are signaling to the market that they are serious about investigating practices over the  … Read more


Posted: March 5th 2018 None

Consolidation

As I was about to hit “send” on the newsletter this morning, a piece of news came through: Circle, founded by serial entrepreneur Jeremy Allaire (with two successful IPOs under his belt), announced its acquisition of crypto exchange Poloniex for a reported $400M. This from Fortune’s magazine’s article on the acquisition : “The acquisition will instantly make  … Read more


Posted: February 26th 2018 None

Governance

As the price of bitcoin rose to over $11,000 this morning (from lows near $6000 two weeks ago), governance was a key theme over the past week. While public comments from the SEC as well as regulators in South Korea and Singapore were fairly positive, the SEC this week warned on “pump and dump” cryptocurrency  … Read more


Posted: February 19th 2018 None

Regulatory Support: “My Niece is a Hodler”

Last Tuesday February the Senate Banking Committee held a hearing with SEC Chairman Jay Clayton and CFTC Chairman Christopher Giancarlo to discuss potential cryptocurrency regulation. As the chart below displays, the cryptocurrency market was in the middle of its second major correction of 2018, and began a recovery process after the hearings. Both Chairs acknowledged  … Read more


Posted: February 12th 2018 None

Crypto is Global

Cryptocurrencies lost over $250B of value last week as more regulators around the world issued guidance. Unfortunately much of the press coverage missed the mark, with many headlines claiming that India was banning cryptocurrencies. Indian Finance Minister Arun Jaitley, during annual budget conversations, reiterated that bitcoin was not legal tender, and that the government would  … Read more


Posted: February 4th 2018 None