John Jacques's Avatar
John Jacques
published in Blogs
May 14, 2018
Billions of Bitcoin Stashed Away in Bunkers

Billions of Bitcoin Stashed Away in Bunkers

Most investors agree – when it comes to securely storing bitcoin holdings, cold storage is the safest way to go. But even offline storage has its limitations. Physical wallets can get lost or stolen; even private keys stored on offline devices are fodder for sophisticated hackers, who can set traps to steal information as soon as it appears online (for example, when you plug a flash drive containing a key into an online computer).

That’s why Argentinian multimillionaire and cryptocurrency advocate Wences Casares founded Xapo, a startup that is taking cryptocurrency security to the next level. His company now has secure underground vaults containing encrypted, offline computer servers on five continents – in total, they store approximately $10 billion in Bitcoin.

Casares, a serial entrepreneur who made his fortune as founder of multiple fintech startups, has been instrumental in cryptocurrency’s rise in Silicon Valley, persuading the likes of Reid Hoffman, the LinkedIn co-founder, to invest in Bitcoin – Hoffman became such a believer that his venture capital firm, Greylock Partners, invested $20 million in Xapo in 2014. “They’re the first folks who recognized custodial and security functions would be key,” said Hoffman.

Those functions are especially vital now that Xapo’s cache contains roughly 7 percent of the world’s existing Bitcoin supply – their total deposits amount to more than what is held in 98 percent of the United States’ 5,670 banks. Sean Clark, the founder of Canadian crypto firm First Block Capital, chose Xapo to store his company’s holdings because of their especially impressive security system. “Every part of their DNA is geared to security,” said Clark, who cited pulse readers on fingerprint scanners to ensure amputated hands could not be used to access the vaults. Ryan Radloff of CoinShares, who store in excess of $500 million in Bitcoin with Xapo, echoed the sentiment: “Everyone who isn’t keeping keys themselves is keeping them with Xapo,” he said. “You couldn’t pay me to keep it with a bank.”

 

 

Money managers have long struggled with the lack of verifiably secure storage options for cryptocurrency – Xapo believes they have the solution that would allow a “tidal wave” of institutional money to enter the space. They are aggressively pursuing clients from traditional financial institutions, confident their offerings are the future of crypto storage. “We believe Bitcoin won’t reach the mainstream if people have to hold their own private keys,” explained Ted Rogers, Xapo’s president. “It’s a pretty high hurdle technically to be your own bank with lots of security.” If Xapo has its way, no one will have to again.
 

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Related Tickers: BTC.X
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.