Training
- by Francisco Gimeno - BC Analyst
- 92 posts
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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Miami mayor Francis Suarez discusses turning the city into the country’s hub for crypto talent.
00:00 - CNBC Crypto World, April 20, 2022
0:21 - Cryptocurrencies move lower
0:35 - The headlines
2:06 - Miami mayor Francis Suarez
6:55 - One last thing
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Miami wants to become a crypto hub and Coinbase launches an NFT marketplace: CNBC Crypto World-
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Francisco Gimeno - BC Analyst Miami Mayor Francis Suarez did realise some time ago that the city may attract the crypto business which is moving out of California (mainly) or parts of the world where crypto was banned or had regulatory issues. He tries to make this a reality by adopting crypto friendly policies and, not like many other politicians in the US, talking the crypto vocabulary. He is one of the politicians in the US with better future by now.- 10 1 vote
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In this video I reflect on some key lessons that I've learned after being full time in NFTs for over a year.
These are some insights based on my own experience - don't take them as fact and always do your own research.
follow me on twitter: @giancarlochaux
0:00 intro
0:33 lesson 1
2:07 lesson 2
4:51 lesson 3
7:14 lesson 4
8:54 lesson 5
10:15 lesson 6
11:54 lesson 7
tags: bayc, cool cats, cryptopunks, doodles, azuki, invisible friends, world of women-
Francisco Gimeno - BC Analyst Quality content in a short time. We found these insights to be very valid when coming to NFTs, not just if it's the first time but also once you have been dealing with them for a time. The NFT's landscape evolution has been very rapid, and full of dangers and issues, not just stories of success. Time to learn now.
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Minting Your First NFT: A Beginner’s Guide to Creating an NFT
It took 12 hours and three different Apple devices, but this 30-something poet successfully minted her first NFT – and so can you. Here's a step-by-step guide to creating an NFT.
By Megan DeMatteo
I’m no Emily Dickinson, but the latest developments in internet culture – excuse me, Web 3 culture – has me thinking I can shill my grad school poems for 1 ETH ($3,000) a pop.
And on January 20, 2022, I did. After all, imposter syndrome doesn’t have a place in a burgeoning industry where even founders admit to being in the midst of a learning curve.
If I were a creator during Gutenberg’s era, I like to think I wouldn’t have passed up the chance to play around with the printing press. Why should NFTs be different?
When I first heard about non-fungible tokens (NFTs) in April 2021, I was immediately thrilled by the high-level concept of them: Artists, seemingly overnight, now had a way to own their own work and determine their own royalties. I needed to hear more.
Being a journalist, I was fortunate that my first conversation about NFTs was with Whale Shark, a prominent collector and founder of the WHALE token who once spent 22 ETH on a one-of-a-kind pair of sneakers.
Ahead, I share what I’ve learned since that first NFT conversation and my chats with dozens of creators and founders in the blockchain world. As they say in crypto, time moves so fast.
One month is basically a year, and it took me about seven months – essentially one whole dog year – to finally work up the nerve to put one of my poems on a blockchain. I’d like to make it easier for you.
Here’s a step-by-step guide on how to mint your first NFT using OpenSea, a popular NFT platform among first-time creators. (Great alternative platforms also exist, which we’ll touch on below.)Step 1: Decide on the concept
Outside of my financial journalistic work, I have a growing affinity for all things astrology-based. Looking at my recent astrology chart with astrologer Noah Frere, I noticed that Juno was very active. In light of this, I decided to base my first NFT collection on the tumultuous relationship between Juno and Jupiter – two gods from Roman mythology.
And after a great conversation with my business coach, Lisa Fabrega, I knew I wanted to explore the tension between love and duty through the lens of devotion.
I therefore decided to name my poetry alter ego – every creator needs one, right? – “Juno Muse.”
With my concept nailed down, I had my marching orders: Resurrect my old poems and write several new ones. Then, learn how to mint them on a blockchain.Step two: Decide on the platform
The tech skills required to mint NFTs on OpenSea are comparable to the ones I used to sign up for Myspace in 2006.
“There's a big misconception that you have to be technical in order to participate in crypto,” said Denise Schaefer, co-founder of the blockchain education platform Surge. “But I look at NFTs as a fun entryway into the space that doesn't require coding skills when minting in marketplaces like OpenSea or Rarible.”
Here are some beginner-friendly NFT platforms where first-time creators can mint:OpenSea
- Blockchains used: Ethereum and Polygon
The creator can upload their artwork, “mint” it to their profile and list it for sale without paying gas fees. When the collector buys it, they will pay the gas fees.What you’ll need to get started:
An ETH wallet (e.g. MetaMask, Coinbase or dozens of others)Creator fees:
2.5% of your saleLearn more:
Visit the OpenSea resource page.Rarible
- Blockchains used: Ethereum, Flow and Tezos
Rarible considers itself a community-owned NFT marketplace. Using Rarible’s unique token (ERC-20 RARI) makes you an owner of the Rarible project. This is a cool feature, but it was a little over my head for my first mint. I hope to learn more about this.What you’ll need to get started:
A wallet compatible with your choice of blockchain.Creator fees:
Vary depending on the blockchain you use, but the option for free minting exists.Learn more:
Read the Rarible FAQsHolaplex
- Blockchain used: Solana
Solana’s speed and efficiency also cuts down on energy usage, therefore giving it a reputation as a new, less environmentally damaging, alternative to Ethereum.What you’ll need to get started:
Phantom wallet and Arconnect WalletCreator fees:
Reportedly 0.000005 SOL ($0.00025) per transaction. Fees can fluctuate, but they are almost zero.Learn more:
Check out this Artist’s Guide to Solana and Holaplex and visit the Holaplex.Objkt
- Blockchain used: Tezos
What you’ll need to get started:
Choose from these compatible wallets:- Spire
- Temple Wallet
- Galleon
- Kukai Wallet
- Umami
- AirGap Wallet
Creator fees:
2.5% for all successful salesLearn more:
Visit the objkt website and/or discord server.Step three: Connect and build community
Get ready to tweet and DM. If you want to start making NFTs, you’ll need to dust off your Twitter account. You’ll also need to join Discord, a Slack-like chat platform for gamers and crypto lovers. Expect to get most of your information and build authentic relationships through these types of communication
channels.
Read more: Crypto Discord: Where to Go, What to Know
When you’re ready to sell your NFTs, expect your community to be your number-one marketing resource. It sounds a little cliche, but you don’t need to spend a lot of money on sophisticated marketing tactics to create a successful project.
“Regardless of how low or high the market is, the community is so enthusiastic and constantly tagging our project in different things constantly talking about it,” said Maliha Abidi, whose Women Rise NFT collection launched in November 2021 and sold out in 50 days, generating 2,000 ETH of trading volume in the process.
“We have not put in even $1 in marketing so far, but we were literally just featured in Vanity Fair yesterday and today in Rolling Stone,” Abidi told CoinDesk on Jan. 19.
Even 1-of-1 creators – artists who mint unique, single pieces of art, compared to algorithmically generated avatars that people use as Twitter profile pictures – seemingly trust that making friendships can go a long way.
“We interact with each other every day. You're going to see your collectors in a Twitter space or if there’s good alpha information, we share it with each other,” said Thao Nguyen, an artist who pivoted from making Etsy creations to NFT artwork on OpenSea in 2021.
“It's a very giving relationship, and I absolutely love it.”Step four: Create your art
To start turning my poems into art, I asked my mom to mail me an old iPad she wasn’t using and signed up for an online illustration class at the Baltimore Academy of Illustration.
I bought an Apple Pencil, downloaded Photoshop for iPads, and plugged in my Yeti microphone (which I already had) to practice recording audio clips in iMovie and GarageBand. I dug out my old poems from grad school, walked around Manhattan thinking of ideas and bought a notebook to start scribbling.
Every creator has their own process, but no matter what, you need to think about how your art will translate digitally. Follow these guidelines to make your first NFT:- Use materials and tools you already have.
- Invest in new technology or knowledge as needed.
- Find other creators and learn from each other.
- Consider the audience you think will like your work and keep them in mind as you create.
- Choose whether you want your NFTs to have visual, audio or written components – or all three.
- Pick a file type. OpenSea accepts JPG, PNG, GIF, SVG, MP4, WEBM, MP3, WAV, OGG, GLB and GLTF.
- Think about the file size. OpenSea’s limit is 100 MB.
- Factor in accessibility – I chose to have subtitles along with my spoken-word poems so that they could be enjoyed by as many people as possible, including people with visual and/or hearing impairments.
After some experimenting, I ended up scrapping the graphics I created in Photoshop and instead used Canva to make a simple title image and subtitles for my poem. I then recorded myself reading the poem along with the slides.I’m not the most talented visual artist.
But I gave myself permission to play around – and I don’t intend to stop experimenting. The advice I’ve gotten is this: Don’t pigeonhole yourself too soon or limit your notions of what’s possible.
Unless you have a clear aesthetic like Abidi, an experienced painter, consider NFTs your opportunity to try new things. NFTs are a new art form, so let your message translate to the new medium.Step five: Mint and share
In OpenSea, the minting process is so easy I kept waiting for a clown to jump out and tell me I’d been tricked.
It’s as simple as uploading your files, inputting your collection’s description and making your profile, determining your royalties (for later, when your art is sold in a secondary marketplace) and completing your listing.
Note the accepted file types:
OpenSea Screenshot
I chose to mint my first NFT on Polygon, which had no fees.Once you mint your NFT, you will see it on your profile. Blockchain data is public and accessible by anyone.
Your NFT's buying and selling history will be available forever, helping you and prospective investors track its price.
“Etherscan is where you can see all the transactions that have happened in the Ethereum blockchain,” Schaefer told CoinDesk. “It is specific to all transactions that are occurring in the Ethereum network, and in and out of the network.
Everybody having access to these public records is what allows for blockchains to operate without a central authority and without a bank.”
OpenSea item activity
But you might not want the whole world to know how much money you have and how much money you're transacting, said Schaefer.
This is where pseudonyms and having multiple wallets – totally legal in the blockchain world – come in.The final step: Selling your NFT
After minting, it’s time to list your NFT for sale. I opted to keep things simple and list mine for 1 ETH, or $2,922.42 at the time of minting.
My 1 ETH price will remain on my Juno Muse OpenSea profile until Feb. 20, or whenever someone takes my NFT off the market.
In the meantime, I plan to keep experimenting with how I price my NFTs. I plan on releasing my old grad school poems, and, to make Juno proud, I plan to keep writing poems on Thursdays, which is ruled by Juno’s love, Jupiter.
Maybe, just maybe, this new routine will help me fall in love with NFTs and – most important – my own art again.
Keep Learning: How to Create, Buy and Sell NFTs
This article was originally published on Jan 24, 2022.
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As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Megan DeMatteo
Megan DeMatteo is a service journalist currently based in New York City. In 2020, she helped launch CNBC Select, and she now writes for publications like CoinDesk, NextAdvisor, MoneyMade, and others.
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Francisco Gimeno - BC Analyst If you are a creator, new to NFTs, or just someone interested on them, this is simple, valid explanation on how to create and sell your own NFT without much hassle. Every journey starts with the first step, they say. NFTs are a new space to explore, enjoy and even to make some profit, in the digital world.
- Blockchains used: Ethereum and Polygon
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Deepmind released their new Programming Artificial Intelligence called AlphaCode inside of a Programming Competition and it managed to beat and surpass the majority of the programmers there by quickly solving really difficult coding challanges. This might be the first look into a world where most programming is done by AI while human programmers are just another industry of jobs that were made obsolete by AI.
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Every day is a day closer to the Technological Singularity. Experience Robots learning to walk & think, humans flying to Mars and us finally merging with technology itself. And as all of that happens, we at AI News cover the absolute cutting edge best technology inventions of Humanity.
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TIMESTAMPS:
00:00 Is this the end for Programmers?
01:20 What are AlphaCode's Abilities?
03:01 Other AI Programmers
04:36 Are Programmers going to lose their jobs?
07:36 Last Words-
Francisco Gimeno - BC Analyst This headline remind us of the time when harvesters machines substituted 99% of the daily labourers specialised in harvesting for centuries. This may easily happen now with programmers. First with the help of AIs we have now one programmer can do the work done now by 100 programmers in a fraction of time. And in the next future general AIs may do the programming without human input. Programming will be cheaper and faster. What is important is that this is done to improve the life of humans. We will adapt, change as necessary and do something else.
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IF YOU WEREN’T already convinced by the epic snowstorm, fatal heat dome, horrific flooding, apocalyptic fires, and terrifying IPCC report of 2021, let’s make one thing clear:
Climate change is here, now, today. Even if we all became carbon zero overnight—an impossibility—the climate would still keep changing.
And while it’s important to keep fighting, lobbying, and making lifestyle changes to reduce the impacts of climate change, it’s also important to admit that our planet has irrevocably changed and each of us needs to learn how to adapt.
The biggest challenge of learning to live in a new climate is that there’s so much uncertainty about what’s going to happen, to whom, and when. “Climate change will cause mass migrations and economic disruptions,” says John Ramey, the founder of The Prepared, a website focused on prepping.
“What will happen when millions of homes are lost, people move, food and water is scarce, and whole economic sectors fail?” Nobody knows the answer to that question, much less whether it’s guaranteed that will all happen, but here’s a hint:
Even a fraction of that is gonna be bad, and you’re gonna be glad that you read and took the advice in this article.And if you’ve been eyeing cans of Spam at the grocery store, take heart that you’re not alone.
According to a FEMA study, there’s been a recent growth in prepping—from 3.8 percent of American households in 2017 to 5.2 percent in 2019. Ramey predicts that after the double whammy of a pandemic and nonstop climate disasters, that number could now be as high as 10 percent.
“The climate crisis is one of the single largest reasons behind the huge growth in the modern prepping community,” Ramey says, “especially among people under the age of 35 or so, since they're broadly well educated, believe the science, and have the fear or impression that the world will burn within their lifetime.”
When we hear the word prepping, most of us think immediately of a man with a long beard who lives in a hut in the woods, collects guns and “tactical” gear, and eats beans everyday for lunch.
Or a Silicon Valley billionaire with a concrete fortress built to withstand nuclear war (with a bowling alley, because, you know, the apocalypse gets boring real fast).
“The media likes to highlight extreme characters and stories, such as a nutter wrapping his entire suburban house in foil or moving into the woods to teach combat shooting to their toddlers,” says Ramey.
“Those people are no more representative of preppers than the Kardashians are of Californians.” At its core, prepping simply means taking actions to prepare yourself for a worst-case scenario.
Chances are, you already do some form of prepping, whether that’s buying life insurance or installing a smoke alarm in your home.While there may not be an exact blueprint for what climate change is going to do to each of our lives, experts have some solid guesses that, combined with some good old common sense, can help each of us prepare for our new normal.
“I can’t tell you when you’re going to get hit by a climate disaster,” says David Pogue, tech journalist and author of How to Prepare for Climate Change. “But I can tell you that sooner or later, it’ll come.”
Climate-Induced Natural Disasters
The evidence is clear: Climate change is making natural disasters more frequent, more severe, and more expensive. “We’re getting freak heat waves and freak snowstorms, devastating droughts and historic downpours, flooding and water shortages,” explains Pogue.
“Everything is changing simultaneously: oceans, atmosphere, plants, animals, permafrost, weather, seasons, insects, people.
” Because your risk of natural disaster is completely dependent on where you live, what’s most important is that you understand what disasters you, personally, may face (and don’t just rely on what disasters you’ve faced in the past—that’s not an accurate assessment anymore).
You can do this by researching your city or county’s emergency preparedness tips and making sure you understand the basics of surviving an earthquake, tornado, hurricane, flood, or wildfire.
Pogue says that, no matter where you live, you should make sure your homeowner or renter insurance covers the disasters you’re at risk for. He also points out that you don’t need to live on a coast to be at risk for flooding, and homeowners insurance doesn’t cover flooding.
After your insurance is squared away, he suggests prepping for two weeks of having no water, food, or power, packing a “go bag” to sustain you for a couple of days outside of your home, and making a plan with your family about where to meet if cell towers aren’t working.
His last piece of advice is the simplest: download the Red Cross Emergency app. It’s free and will give you early warning about disasters. “The most tragic way to die in a fire, flood, or hurricane is in your home because you never got the word to evacuate.”
Supply Chain Breakdown and Food Shortages
Whether or not you agree with experts who say that climate change could bring about a Roman Empire–esque societal collapse, it’s clear that shortages and supply chain disruptions are on the increasingly warm horizon.
As Covid-19 showed us, those disruptions can impact anything from medical supplies to car parts to finding a winter coat.
But the most concerning shortages that we face are access to food and water.
A 2019 UN report warns of a looming food crisis, and drought already threatens 40 percent of the world’s population, according to the WHO, and over 80 million people in the United States, according to the US government’s Drought Information system.
A new paper published in Advances in Nutrition suggests that climate change will cause rising food prices, greater food insecurity, and may lead to micronutrient deficiencies in more people.
While there may be little you can do to impact the global food chain, you can start in your own backyard by planting a fruit tree or starting a garden, learning how to grow climate-appropriate vegetables, and making sure your pantry is fully stocked with two weeks of water and food, along with any necessary medical supplies.
It’s also important to assume you won’t have warning before a food and water shortage, according to Ramey, so don’t put off stocking up until it’s too late.
Becoming Resilient Together
Resilience may be an overused term when we talk about climate change, but for most of us, it’s grossly lacking in how prepared we are to care for ourselves, our loved ones, and our property if emergency workers aren’t able to assist us.
Barely half of Americans can perform CPR, only 17 percent know how to build a fire, and just 14 percent feel confident in their ability to identify edible plants and berries.
Basic skills—like learning how to operate a two-way radio, knowing the smartest escape route out of your city or neighborhood, or being able to change a bike tire—may sound simple, but can be the difference between life and death in a disaster.
Perhaps the most effective way to take care of yourself is to get close to others. According to FEMA, 46 percent of people expect to rely a great deal on people in their neighborhood for assistance within the first 72 hours after a disaster.
“Prepping is not a lone wolf activity,” says Ramey. It’s important that your immediate neighbors know your name and who is in your family—including pets—so they can inform first responders in the case of an earthquake or a fire.
In the event of supply chain disruptions, your neighbors may be your only access to vital supplies like batteries or extra diapers.
Building connections in your local community is also a great way to build an informal service network, because who knows when you may need help with an injury or a home repair. As Ramey puts it: “Community wins in 99 percent of situations.”-
Francisco Gimeno - BC Analyst This decade is bringing forward to everybody in the world the idea of readiness and preparation for anything which may happen. Climate change, sudden geopolitical changes, conflicts, pandemics, catastrophic events, economy black swans, or just the crashing of systems, signalled by supply chain issues, anything you can think. We have rediscovered how fragile is our world and how community and personal resilience is to be built beforehand in order to prepare ourselves for anything.
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Everything you need to know to buy your first crypto safely and securely. Naomi Brockwell walks you through the entire process from beginning to end, with tips on how to get started, some of the most popular ways to purchase crypto currency (such as on the Robinhood or Coinbase exchange), storage suggestions and overall tips on how to think about buying crypto in the first place.
#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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Michael So, VP Business Development of Cook Finance, discusses with David Lin, anchor for Kitco News, how and where to invest in the DeFi space right now.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
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0:00 - DeFi vs CeFi
3:59 - What is DeFi?
5:24 - No counterparty risk
8:55 - Immunity to interest rates
10:15 - Financial institutions and DeFi
11:19 - Uniswap, DYDX
13:37 - Cook Finance
15:10 - Self-education
#DeFi #crypto #investing
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Francisco Gimeno - BC Analyst DeFi is a great (albeit risky) landscape where if we really do our homework and understand what we are doing, can potentially lead to good earnings. Newbies will have to learn the ropes first, without being blinded by FOMO or beliefs that they already know everything needed. Any good investor or expert needs to put from 40 to 60 hours of research before being able to do something worthy in any space where money is important. Kitco here give us some hints. The rest is our own research and as usual, people, take care out there before any decision which can potentially make you poorer, not richer.
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LinkedIn Editor-at-Large of Business and Finance Devin Banerjee joins Yahoo Finance's Sibile Marcellus to break down the surge in crypto related jobs.
Don't Miss: Valley of Hype: The Culture That Built Elizabeth Holmes
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Francisco Gimeno - BC Analyst We remember 2017 and 2018 when blockchain developers jobs soared. Anyone knowing Python was a king then. Now there are many more jobs positions not just for start ups, but also for traditional financial institutions like banks, which are showing the interest and how the point of view of the tradicional banking is changing. It's not just the tech engineering, but also the sales and marketing roles, the crypto cybersecurity, etc, something that was not seen before in this amount. As there are no many experts their salaries or compensations are very high too. the industry need a lot of specialists and generalists ready to learn, innovate and ready to work in the tradicional regulations too.
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Inside the NFT Boom with G Money, Delphi INFINIT. Snowfro, Art Blocks. Justin Aversano, Twin Flames Artist. Noah Davis, Specialist, Head of Digital Art & Online Sales, Christie's. Priyanka Desai, Vice President of Operations, OpenLaw.
Moderated by Les Borsai, Co-Founder & Chief Strategy Officer, Wave Financial.
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Francisco Gimeno - BC Analyst SALT New York is a global thought leadership and networking forum where leading investors, creators and thinkers will take the stage in support of SALT’s mission: empowering big ideas. They couldn't forget to talk about NFTs as they have talked about everything digital. They understand the Boom, and the risk of a bubble, and they bet for a future where NFTs are more mature, as shown by creators and users all around the world, opening to everything from fashion to art, to writings to meta verse, etc. Interesting panel for those who want to understand more and better.
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The coronavirus pandemic has sparked huge interest in shared virtual environments or the "metaverse". Here's how it works
#Metaverse #VirtualWorld #WIONNews
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Universities have historically been central to getting new industries off the ground. Stanford was instrumental in the rise of Silicon Valley, and the MIT has helped birth thousands of tech startups, from artificial intelligence to aerospace.
What role will universities play in the development of blockchain technology? Will they be as pivotal as before, or will the cryptocurrency industry, by nature distrustful of institutions and central authorities, develop its own academic methods and learning approaches?
CoinDesk is keen to track how universities are doing when it comes to blockchain education across courses, employment outcomes, student services and research.
In October 2020, we published our first ranking of the top 20 U.S. schools for getting an education in blockchain (MIT, Cornell University and the University of California, Berkeley were the top three).
Read more: The Top Universities for Blockchain (2020 Ranking)This year, we're going further, analyzing 200 schools in the U.S. and internationally and adding ranking categories.
To identify the best schools, we need your help. We're asking students, practicing academics and industry stakeholders to give their opinions in the survey below.
Don't worry, it doesn't take long. You can choose between a quick one-minute questionnaire and a deeper five-minute one. And you’ll be doing a valuable service: Our goal in tracking and comparing what universities are doing on blockchain education and research is to improve overall standards – and, in turn, the entire industry.
We’ve seen plenty of blockchain startups emerge from universities already, including Ava Labs from Cornell and Algorand from MIT. Most leading schools now offer classes in blockchain subjects. Some have built research centers, hired specialist faculty and sanctioned student clubs.
The big question is whether universities can remain relevant to such a fast-moving industry. Many in crypto are suspicious of institutions and credentialism, favoring self-education, online innovation and community-based approaches.
Universities themselves have to come to grips with this decentralization of information. Let’s see how well they’re up to the test.
If you are a faculty or staff member at an accredited university and you are concerned that your school will not be represented in our rankings, please reach out to joe.lautzenhiser [at] coindesk.com.
If we are not currently collecting data on your school, you will have the opportunity to provide data and place your school under consideration. Student emails will not be answered.-
Francisco Gimeno - BC Analyst CoinDesk calling for us to help them to build a list of Universities good at teaching and learning about the blockchain and 4th IR techs. We could even improve this by asking ourselves if enough universities are already changing their views on new technologies and the new paradigm. Tell us your opinion.
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The only people who could actively trade in the stock market, before the internet, were individuals who worked for large financial institutions, trading houses and brokerages.
However, the advent of the world wide web led to the creation of online trading houses and made it possible for any person with a WiFi connection and a laptop to enter the game.
Alongside day trading, the practice of purchasing and selling securities within a single day in any marketplace, people with an internet connection and ambition have the opportunity to dive into the newer world of cryptocurrency trading. In other words, it's now possible to kickstart a career in trading from home.
To find any success in trading, a career well-known for its inherent risks, one first needs to understand the ins and outs of traditional and crypto markets.
Right now, you can save hundreds on The Complete Wall Street and Cryptocurrency Trading Bootcamp, featuring 10 in-depth courses and 19 hours of expert-led video training that teaches you the fundamentals of day trading, cryptocurrency, foreign exchange (forex), technical analysis and more.
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For example, when it comes to cryptocurrency, this bundle guides you through how to set up a crypto wallet and shows you how to use technical analysis strategies for successful trading.
Throughout this bundle, you also get an overview of the standard methodologies, types of analyses, proven strategies and charting tools professional day traders use to earn a living. In short, the courses provide you with a solid foundation and then proceed step-by-step to the more advanced skills needed for consistent success when trading as a full-time career.
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Francisco Gimeno - BC Analyst Learning Trade in the digital era is a continuous ongoing business, where anyone who wants to enter has to pay a toll by earning through courses, advisors and mostly by learning to lose investment. We don't endorse this or that product, but it seems a very complete orientation course. remember, never invest what you can't afford to lose.
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Middle East Family offices are notoriously secretive. This makes complete sense — why would a high net worth family need to advertise the fact that they have money to invest?
Even with minimal publicity they would undoubtedly end up flooded with requests, so secrecy is in fact required, just to minimise the size of their inboxes.
Take your time to do some digging, find a family office that has a track record of investing in your area of research, and get a mutual contact to give you a personal introduction; this will increase your chances of being considered favourably, as the family office will see that you are serious by how much time and effort you put into finding them!
Here are some tips for how to both seek out family offices and make move successfully.
How to find family officesSo bearing this lack of publicity in mind, what is the best way to seek out these secretive Middle East Families?
“Look what deals have been done and what families have been investing in that space more than others.
”This means you avoid pestering those who simply won’t be interested.
I urge startups not to cold call family offices using the often out of date phone numbers and email addresses found in databases, adding that in order to get a proper introduction, family offices expect you to be ‘part of the club’.
Finding a credible firm, such as The Private Investment Group — although caution must be exercised, as some capital raisers may ‘over-promise and under-deliver’.
Conferences
Small Family office conferences are great places to meet new family offices, and are particularly useful for finding out what areas they specialise in. Even if none of the delegates are suitable for you to apply to, it is still worth asking them if they know any who might be a better fit.
Academia and non-profits
Academia is often a great place to seek advice on how to apply for family office funding. Not only will many professors and researchers have been in similar positions themselves, but their address books are usually jam packed.
Another advantage to using academia as your gateway is that family offices like this route — they know who to trust.Finally, non-profits can be a gateway to discovering family offices.
Whilst non-profits themselves obviously have completely different, more charitable aims, a quick read of their history often provides useful names of HNWs.
The non-profits themselves might not get involved in direct investment, but their founders and associates may have projects on the side.
Making a move
So you’ve found a few family offices that look promising, either through general research or asking the right people — now how do you make the best possible first impression?
Ideally get a personal introduction, perhaps by a professor, an investment professional, or even another family office who you met at an event. But failing this, with no option left other than to send an email, you need to give it your best shot.
How?
Introducing yourself
Firstly, be polite! If you at all feel tempted to try something different and attention-grabbing, consider what may seem exciting and original to you is probably terribly clichéd and overused from their perspective. Whilst being polite and formal may be far more overdone, it does have the advantage of being much more socially acceptable and easy to follow…
Getting straight to the point
Be concise. After quickly and politely introducing yourself, get straight to the point and explain what your technology is, why it fills a gap in the sector and what any financial support would be used for. Don’t feel the need to introduce the topic via lots of background — if they work in the sector, chances are they know the subject back to front! Avoid writing ‘as you know…’ followed by lots of medical terms — it will get overlooked.
Keep reminders polite
If you don’t get a response straight away, bear in mind that some family offices may have no-response policies for unsuccessful applications, although plenty of them don’t. Hence the best advice is to wait a few days and, in the case of no response, send a polite reminder email. If there is still no response then assume they have seen it and decided no, and take solace in the fact that most family offices will be happy to give advice concerning why your application was unsuccessful.
Do your research!
It is important to point out at this stage that you must make sure they are an appropriate company to send your application to — they may not even bother to send back an email saying ‘the reason why your application was rejected was because we only deal with growth stage, although brilliant, we’re sure, simply isn’t right for us’.
Making your pitch
Another area to think about is your pitch — if you get one, that’s great! But don’t put in all that effort to get one just to mess it up when you get there due to basic errors.
Present your ideaAs unfair as this may seem, it is the quality of presentation and knowledge/research exhibited by the entrepreneur that sticks in the family office members’ heads, not necessarily the technology itself.
“The technologies can fade a little bit, but you remember the person,”Ask for advice
Whilst you may have quite a clear vision of where you see the funds going, remember that these people are the financial experts, so don’t be rigid — be candid, ask for their opinions and advice, and they will respect your humility and willingness to ask questions.
Prepare for a possible grilling!
Please do not ‘jedi mind trick’ the family office into thinking that a product is good. Be honest.
Keep your slides succinct
As for your presentation itself, ideally you should have one version for presenting with and a separate version for the investor to skim upon receipt.
This skimming version should be short and concise, telling the ‘story’ of you technology primarily via the slide titles and the concluding paragraph. Also it should contain fewer than 20 slides, or it will not get looked at in depth: cut out the fat and skimp on the background — many will already know all this!-
Francisco Gimeno - BC Analyst Any start up struggling to get seed money or funding know the Family Offices are a very good option. However, most don't know how to access to them or else how to handle the introductions. Thanks to the author of this article for some very good points!
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Bitcoin poses a serious challenge to traditional currencies as the world’s first cryptocurrency. However, considering its price history, there should be a lot of volatility along its path.Below are four steps that will help you trade Bitcoin:
Mechanisms to deal Bitcoin
Bitcoin can be dealt with in two ways: buying the Bitcoin itself and hoping to sell it at a profit or theorize on its value without ever owning it. CFDs work in the latter sense. What a CFD does is enable you to deal with a contract that is constructed on the prices in an underlying market.
This is a purchased product, which means that you need to initially put down a small deposit and again disclose a much more prominent position. This can appreciate your profits. It should be noted, however, that it has the same effect on your losses.
When trading Bitcoin, do I need to use an exchange?
To take a position on the price of Bitcoin, what you need is an IG trading account. However, when you deal with bitcoins CFDs, you do not interact directly with an exchange.
As an alternative, you trade the sell and buy prices sourced from a couple of exchanges on your behalf.Same as traditional exchanges, Bitcoin exchanges work the same way.
This enables investors to purchase the cryptocurrency from or dispose of it to another person. There are some advantages when you cut them out of the picture entirely.
Their service and matching engines are unreliable. This can result in reduced execution precision or shelving of markets.They inflict restrictions and fees on the withdrawing and funding from your exchange account, while accounts can take long periods to acquire.
When you trade Bitcoin CFDs, you acquire considerably improved liquidity at the touch price you’ve chosen. When you sell and buy from the exchange directly, you will have to accept multiple prices to finalize your order.
Factors that change the price of Bitcoin
The volatility of Bitcoin makes it an attractive opportunity and dealing with cryptocurrency. Due to the Bitcoin market operating continuously, this can happen at any time of the day. Bitcoin is free from the various political and economic concerns that influence the traditional currency.
However, due to its young age, there remains a lot of uncertainty uniquely based on the fact that it’s a cryptocurrency.
Any of these factors can impact its price suddenly and significantly, and for this reason, you need to research and know-how to navigate these risks that may come up.
Bitcoin supply
Even though there are a limited number of bitcoins, the last Bitcoin will be mined in 2140. However, the availability of Bitcoin changes as to how they enter the market. For example, their holders’ activity, dealing with them in Bitcoin slots, also affects this availability.
BTC market capThe Bitcoin market value is recognized to be both an impactful and opportune because traders will want to jump on a surging opportunity, or not.
Industry adoption
What remains to be seen is the impact Bitcoin will have on the corporate stage as it is yet to be accepted generally by most businesses around the world.
Trading strategies of Bitcoin
Day trading
When you day trade, there is a need to take a position that considers an accidental movement in the short term. It would help if you also closed it out by the end of that specific trading day.
This is an effective strategy if you desire to acknowledge opportunities in the short term in the Bitcoin market. This is in light of emerging patterns or developing news.
Scalping
This is when you place intraday traits frequently one small movement in price.This is a worthy strategy if you desire to place yourself in a position to form continuous but small profits.
This is when you do not want to wait for a significant breakdown or break out.
Swing trading
This is when you capture trends the moment they are made and clutch on to that position up to the point the trend shows the signs of a reversal or runs its course.This is the preferred strategy for you if you decide to take advantage of this chance from market momentum.
Automated trading
It is advisable to automate your processes in trading and react to changing market conditions on your behalf.This strategy is best used if you consider yourself a passive trader.
The steps to trading Bitcoin
Open an account
You will need an IG trading account if you want to trade CFDs. It is an easy task to do, and you can go ahead and take your first position when you have added funds to your account.
Establish a trading plan
It is always a smart move to establish a trading plan. This works hand in hand with your chosen trading strategy. If you’re new to the market, you need to consider having these two.
A trading plan will assist you in making objective decisions regardless of the stakes being high. This mixture that you do not leave trades open for long or close them early.
Do your study
To understand what’s next for the cryptocurrency price, you need to do your research and speed with the latest Bitcoin news. It is essential to do this before you start on your trading journey.
When you are looking up to interpret how Bitcoin behaves, charts are an important tool. Past data is an excellent indicator of how the market is progressing. The comparison of time frames can also provide better insight as to the emerging patterns and trends.
Place a trade
Using a web trading platform, you will be required to place a trade once you have decided on your position.
You need to enter the deal tickets the amount you have decided to stake on your trade.
While you do this, you have an option of defining your clothes conditions: you can set a stop to terminate your position when the market is not in your favor up to a certain amount or a restraint for when it’s move is in your favor.
Always check yourself; limits and stops are important to sound risk management.
Note that, if you anticipate Bitcoin to appreciate, you then ‘purchase’ the market. If you believe that it will depreciate, you will ‘sell.’To finalize your position, you need to place the reverse of your initial trade.
This means that if you purchased at first, you’d have to sell the same amount;If you had sold, you would not need to buy it. You will be required to click sell or buy to finalize your trade as your deal ticket is automatically filled.References
How to trade Bitcoin: Get to grips with the basics of how to trade bitcoin with our step-by-step guide.
Cryptocurrency trading: Find out how to get started trading cryptocurrency in this step-by-step guide. By Andrew Munro.
Disclaimer: This is a paid post and should not be considered as news/advice.- By Admin
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Conferences bring large groups of people together to exchange ideas, network and do business. How can the industry ride out the Covid-19 era?
In mid-March, the 2020 PROMAX Europe conference was due to take place in Madrid, right as Spain locked down its entire country. As virus cases climbed, the annual entertainment-marketing conference - with its 500 attendees, 300 hotel rooms and £400,000 ($524,000) cost - was put on hold.
The postponement meant “that all of the tickets, all of the purchases, all of the speakers and all of the production commitments had to be put on ice, or at least kind of mothballed for the time being”, says Lester Mordue, the conference’s director.
Now, despite organisers’ hopes to resume later in the year, PROMAX isn’t taking place in 2020 – at least not in person. It’s just one example of the massive pause on the global conference industry in the wake of Covid-19.
Conferences, which traditionally see participants convening centrally in a hotel or events centre, involve lots of close contact; members sitting together, sharing buffets and conversing in tight quarters.In the age of Covid-19, they are the worst kind of ‘super-spreader event’
Many see hundreds of participants flying in from around the world. In the age of Covid-19, they are the worst kind of ‘super-spreader event’: a conference held in Edinburgh in February resulted in 25 attendees contracting the coronavirus, including one who then seeded it at a child’s birthday party.
“It’s large numbers of people coming together, social inhibitions and norms being relaxed, and people spending time together that makes for a higher risk of transmission events,” says Paul Hunter, professor of medicine at the University of East Anglia.
“Conferences certainly do fill that criteria.”Right now, conferences are nearly impossible to hold – both logistically, due to travel restrictions, and as a matter of public health.
Yet they have to continue, as a $1.1tn global industry supporting hundreds of thousands of jobs. How does the industry go forward in such a changed world?
The digital transition
PROMAX took parts of its conference – including some keynote speeches – online, trading the auditorium for the Zoom window. Organisers weren’t alone: just as most elements of transacting business have moved to video-chat screens, so have conferences.
The main draw of conferences isn't always the speakers; networking and casual interactions are also valuable to participants
“Everyone was talking about e-conferences” before the coronavirus, but few bothered to explore it as an option, explains Mandy Jennings of Paje Consulting, an event-planning business based in Cheshire.
“We were in that situation of doing what we’re used to. This has forced everyone to embrace it, and made companies realise some of these things can be done in a virtual world, rather than sending people on a train or plane around the globe.
”Attendance at the online sessions that replaced PROMAX was “encouraging”, says Mordue, with some sessions getting the same number of attendees they would normally. Participants were allowed to transfer their tickets to the virtual event or to defer to a physical event in 2021.
PROMAX says it expects to adjust its pricing structure for future web conferences to allow people to choose events at a fair cost for them. Feedback has so far been positive, says Mordue, with many enjoying the ability to catch up with digital sessions on-demand.
But organisers acknowledge that digital events are in many ways a pale imitation of traditional conferences. “Our conscious decision to not try and replicate the conference experience is a recognition that in-person physical conferences have certain tangible benefits,” says Mordue.We all know that networking is a big part of conferencing - Lester Mordue
Businesses spend money to send employees to conferences because of the networking opportunities and happenstance discussions that take place on the sidelines.“We all know that networking is a big part of conferencing,” says Mordue.
“The ability to speak to the speakers or your community, to communicate your ideas and get inspiration – that’s the conference experience.”
Although organisers are trying to replicate as much as they can through online events, that intangible element of being energised around others is much harder to capture when people aren’t physically gathered.
“You tend to be sticking to that agenda in a digital conference,” says Jennings. “It’s shorter, and you don’t get the chance you do in person.
”A changed futureDespite the potential safety issue, some conferences are slowly starting to return to the calendar. In the UK, the government has announced conferences can recommence on 1 October, after extensive lobbying by the industry, which warned 30,000 jobs were at risk.
Conference staples like the lunch buffet and the pass-the-mic Q&A session will need to change during the pandemic
Conferences are worth £11bn to the UK economy, according to Rachel Parker, director of the Association of Event Venues, a UK industry body. She says between 50 and 90% of staff in the UK organising and venue industry were furloughed, with many starting to see redundancies as UK government support begins to end.
“While we’ve got a green light to go, we’re potentially trading at 15% to 25% in this last quarter, and so we need additional [financial] measures from government,” Parker says.
Physical conferences, when they return, will likely look very different. “Organisers will have to look at measures that happen within the technical side,” says Parker. For instance, most virologists would be chilled at the notion of passing a single stick microphone among audience members for a question-and-answer-session.
Instead, organisers are looking at boom microphones, which hang over the heads of participants, or using systems like Sli.do, which allows users to submit questions through an online chat system.
Holding social events in the evenings, where most of the informal networking would traditionally take place, seems challenging, given many nations are continuing to regulate large social gatherings.
Parker’s industry body is also suggesting mitigation measures such as spacing out furniture, replacing paper handouts with digital ones and monitoring the density of conferences.
“There might have to be a traffic light system at entry points,” she says, adding: “We’re hoping we won’t have to do all these things.” It could be possible to cater for people with individually boxed lunches, instead of buffets, and provide extra space to network while remaining socially distant.
Masks, in keeping with most countries’ rules on indoor gatherings, will be compulsory.
Fear factor?Conferences are one of the best sectors to reopen as societies continue to tackle Covid-19, Parker argues. “We know who is coming to our events,” she says.
“You may get some walk-ups, but 99.9% of people who come to our conferences are pre-registered. Track and trace is already there.”
Linda Bauld, a public health professor at the University of Edinburgh, is more cautious, however.International conferences seem like a bad idea this year, full stop – Linda Bauld
“One of the main benefits of conferences is you are gathering a lot of people in an indoor environment, and that’s exactly what we don’t want to be doing at this time,” she says. “I think a national conference within the UK, you could, just like we’re opening hotels, run it physically distanced.
But international conferences seem like a bad idea this year, full stop.” As well as the fact that travellers from some some nations will pose a higher risk due to higher infection rates, she notes that the risk of travel itself in planes and taxis will likely act as a deterrent to big international events.
Hunter, the professor of medicine, believes that it is the arrival of a vaccine, rather than an efficient tracing system, that will unlock conferences for many. “I suspect some people sadly won’t get over the psychological fear, though I suspect most of us will,” he says.
“With an effective vaccine, if we do get one and it’s distributed early next year, the risks and anxieties from that will be a lot less.
”As the conference industry figures out its next steps – vaccine or no – Hunter himself is eager for their return.
“Part of the thing about conferences, especially in the scientific community, is the opportunity to meet face-to-face with people you might not otherwise meet and come up with plans for doing new science and projects together,” he says.
“That’s to a large extent how science develops. ”While conference planners and event specialists are certain that digital conferences will cannibalise physical audiences for the remainder of 2020, with respondents to a July survey by PCMA, the Professional Convention Management Association, saying coronavirus will have an extensive impact on their industry, they’re less certain it’ll have a significant impact in 2021.
“There are some lights at the end of the tunnel that are beginning to appear,” says Mordue. “But in the meantime, we have the good old internet to save us.”- By Admin
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ETFs, or exchange-traded funds, are one of the most important product innovations in the history of the investment industry. ETFs give investors a cheap and efficient way to gain diversified exposure to the stock market.
ETFs are now established as tools that can form the cornerstone of any portfolio whether self-managed or managed by investment advisors or robo advisors.Definition of ETFs
ETFs are listed trusts that own a portfolio of securities. Typically, the fund is structured to mirror and track an index. It will, therefore, hold securities in exactly the same proportion as the index it tracks. ETFs are publicly listed on stock exchanges and can be traded like other listed shares.History of ETFs
Before ETFs were introduced, mutual funds and investment trusts were the only way for retail investors to invest in a portfolio of securities, without actually building a portfolio themselves.
Mutual funds gained momentum in the 1970s and 1980s due to strong performance from a handful of funds.
However, during the 1990s it became clear that the majority of mutual funds failed to outperform their benchmark. During this period, index funds – mutual funds that track market indexes – also began to gain traction amongst investors.
These funds were designed to match the performance of an index, rather than outperform the index, but charged a lower fee for doing so.
The first exchange-traded fund was launched in 1993 by State Street Global Investors.
The fund tracks the S&P 500 index with the ticker SPY, and units are often referred to as SPDRs or Spiders. It remains the largest ETF by value, with $298 billion in assets as of August 2020.Since the introduction of the first ETF, over 6,000 funds have been launched.
Funds have been launched to track popular indexes, as well as specific asset classes, sectors and investment themes. In fact, whenever there is demand for a specific type of investment, an ETF will probably be created to cater to that demand.Examples Of ETFs
As mentioned, the first and largest ETF is the SPDR S&P 500 index fund, which holds all 500 stocks in the index, in exactly the same proportion as the index. At least five other ETFs listed on US exchanges also track the S&P500, while numerous ETFs listed on exchanges around the world track the same index.
Similar funds track the Dow Jones Industrial index with 30 stocks and the Nasdaq Composite index with 100 stocks. The largest global ETF is the Vanguard FTSE Developed Markets fund which tracks the MSCI EAFE Index. This fund holds 1,889 stocks listed in developed markets outside of North America.
The SPDR Gold Trust (GLD) which holds physical gold bullion is the most widely traded commodity ETF. The largest bond ETF is the Vanguard Total Bond Market ETF which tracks the Barclays Capital U.S. Aggregate Bond Index. This fund holds US treasuries and government-backed mortgage securities.Types of ETFs
Most large ETFs track headline stock market indexes like the S&P500, the FTSE 100 or the Nikkei 225.
These indexes include the most valuable companies in each market and are typically weighted by market capitalization. If you invest in these ETFs you will always be invested in the largest companies in a given market.
However, there are lots of other types of ETFs, structured according to other criteria.The following are the more common types of ETFs:- Sector ETFs invest in specific equity market sectors like the financial or technology sectors.
- Bond ETFs invest in government bonds, corporate bonds and high yield bonds.
- Commodity ETFs invest in physical commodities and precious metals. Some funds like the SPDR Gold Trust holds just one asset (physical gold) while others track commodity indexes and hold a portfolio of commodities.
- Multi-asset ETFs invest in range of asset classes. These funds are often designed to comply with pension fund regulations that limit exposure to certain asset classes.
- Real Estate ETFs invest in REITs (real estate investment trusts) and other property related securities.
- International ETFs invest in stocks from around the world. These funds can be further differentiated between developed and emerging markets, and whether or not US equities are included.
The types of ETFs listed above account for the largest funds. More specialized types of funds include the following:- Market cap ETFs focus on companies of a specific size, from large-cap down to medium, small and micro-cap stocks.
- Industry ETFs have a narrower focus than sector funds. Examples include biotech, cybersecurity, and cannabis companies.
- Investment style ETFs track indexes that select companies according to investment factors. These include growth, value, volatility and income.
- Currency ETFs invest in portfolios of currencies or in individual currencies.
- Leveraged ETFs increase the exposure of a fund by using derivatives. These funds typically provide exposure worth 2 or 3 times the fund’s assets. This means both positive and negative returns are amplified.
- Inverse ETFs are structured to generate positive returns when an index falls, but also generate negative returns when the index rises. These can be used to hedge a portfolio, or to speculate on a market decline.
Advantages and Disadvantages of ETFs
ETFs offer investors several notable advantages, but there are a few drawbacks to be aware of.Pros of ETF investing:
- The most obvious advantage of ETFs is that fees are substantially lower than mutual funds. Equity indexes have risen over the long term, while few investors have managed to consistently outperform those indexes. ETFs allow you to earn the market return for as little as 0.1% a year.
- Most ETFs offer instant diversification with just one investment. For a portfolio to be well diversified it must include at least 20 stocks from different sectors. If you buy an ETF that tracks a market index with at least 20 constituents, you are effectively buying a diversified portfolio.
- ETF investing is very efficient in terms of time and trade costs. You do not need to spend time picking and trading individual shares and you do not need to pay commission on each underlying share.
- ETFs offer tax advantages too. If you own individual stocks you may be liable for capital gains tax when you sell each share. In the case of ETFs, you are only liable for capital gains tax when you sell the ETF.
- Finally, ETFs allow you to start investing sooner. Investing in mutual funds requires some knowledge and investing in individual stocks requires even more knowledge. Very little knowledge is required to begin investing in ETFs that track market indices.
Cons of ETF investing:
- Most ETFs will only generate the market return and will not generate additional returns.
- Commissions are payable when you buy an ETF, unlike no-load mutual funds that do not charge commissions.
- Specialized ETFS like leveraged, inverse, sector and industry funds all come with unique risks.
ETFs vs Stocks
ETFs are listed on stock exchanges just like other stocks, and they trade just like other stocks. So, what is the difference between the two?Traditional stocks represent shared ownership in a company.
The value of the stock represents the value of the company’s assets, and/or its future profits. ETFs give their holders shared ownership of a basket of securities.
The value of the fund reflects the price at which these securities are trading. The price at which an ETF trades is determined by supply and demand, but is usually close to the net asset value of the underlying holdings.ETFs vs Mutual Funds
ETFs and mutual funds are both products that allow investors to invest in a portfolio of securities with just one transaction. There are however several differences. The most notable differences are the following:- In most cases ETFs passively track an index, while a fund manager actively manages a mutual fund. However, some ETFs are actively managed, while some mutual funds are index funds that are passively managed.
- Mutual funds charge higher management fees as they are more expensive to manage. Mutual funds require larger teams of fund managers and analysts than ETFs.
- When you invest in a mutual fund, you invest at a price equal to the NAV (net asset value) of the fund. When you buy an ETF, the price is determined by the market, though in practice the price will usually be close to the NAV.
How ETFs Work
ETFs are created and managed by two types of companies, the ETF Issuer and Authorized Participants.Well known ETF issuers include iShares, Vanguard, State Street and Invesco. These are the companies responsible for launching, underwriting, and marketing ETFs. Before a fund is launched, the issuer chooses an existing index, or creates a new index for the fund to track.
A legal entity to hold the securities is then created and funded.Authorized Participants (APs) are banks or brokers responsible for the day to day management of the fund.
This means they are authorized to create or redeem shares and act as market makers for the ETF shares.
APs quote a bid and offer price, above and below the fund’s NAV to ensure there is always liquidity for investors.When demand rises, the AP will create new ETF shares and buy the corresponding securities to be held by the trust.
Likewise, when there is too much supply, the AP cancels shares and sells the corresponding securities. If there is any change in the index, the issuer will instruct an AP to buy or sell securities to ensure that the fund mirrors the index.Management fees are deducted from an ETF’s NAV on a daily basis.
Because the annual management fee is spread across an entire year, the daily adjustments are very small and barely noticed. Dividends and other income are distributed at monthly or quarterly intervals.ETF Investment Strategies
There are several ways to go about investing in ETFs. One of the simplest for long term investors is dollar cost averaging (DCA). In this case, you can simply invest a fixed amount at regular intervals.If you plan to build a portfolio of ETFs, you may decide to use a strategic asset allocation strategy. In this case you would decide on the percentage of your portfolio you want to hold in each ETF or in each asset class.
You then make subsequent investments in the funds that are below their target weight, thus bringing the portfolio in line with the target allocation over time. You can also rebalance the portfolio at regular intervals to keep the allocation in line with the target allocation.
A slightly more active approach is tactical asset allocation. In this case, the weighting of each fund or asset class can be adjusted as market conditions change.
The core/satellite strategy combines ETFs with individual stocks. In this case, a core holding of ETFs is combined with a smaller portfolio of individual shares. This approach seeks to generate some outperformance through stock selection while earning the market return from ETFs.Conclusion
Exchange-traded funds are the cheapest and most efficient investment products that allow you to earn the same return as broad market indexes.
They can also be used to build a portfolio with diversified exposure to specific asset classes, sectors, industries, and investment themes. Perhaps most importantly, they are a means to begin investing with very little capital or knowledge.-
Francisco Gimeno - BC Analyst The "esoteric" financial and trade knowledge that before was known only to traders is now public for anyone in the digital era, where anyone who want to invest just educate himself using digital for ex exchanges and other platforms. Thus, knowledge of ETFs are useful too in an economy where to work 9 to 5 is not enough anymore.
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From Fintech To Blockchain: How My MBA Is Helping Me Master Digital Disruption |... (businessbecause.com)
As technologies like blockchain and artificial intelligence advance, no industry will be left untouched
It’s sometime around 2015 and Tomislav Prša is sitting at his desk in Wilmington, Delaware. There’s something on his mind; he’s missing school and learning new things.
Tomislav (pictured below, right) grew up in Croatia, where he completed most of his education, later moving to the US to work as a financial analyst.
He's in his early 30s now, and he knows there's no better time to start studying again.Tomislav works just under an hour’s drive from the heart of Philadelphia. He chose to enroll on the Part-Time MBA at Temple University’s Fox School of Business as he wanted more exposure to the US business world.
He wants to develop his knowledge of how the economy works, to network, and learn something new. Two years into the degree, he's using his MBA to explore disruptive tech topics like fintech and blockchain.
Digital disruption was on the agenda on the Fox Global Immersion in LondonLearning about digital disruptionWhen BusinessBecause spoke to Tomislav, he’d recently returned from a weeklong fintech immersion in London, an optional, one-off Global Immersion available to Part-Time MBA, Online MBA, and Specialized Master's students at Fox.
Tomislav and 15 MBA colleagues visited startups and established financial institutions. They toured two companies per day, he explains; an intense schedule leaving little time for sleep.
“The best part is you got to go into the real world and interact with people doing this as part of their actual jobs—seeing how these things are applied in practice.”
Tomislav and his peers on a company visit in London Tomislav says interacting with representatives from companies like Salesforce and R3, a blockchain software firm, opened his eyes to the possibilities that using technologies like artificial intelligence, machine learning, and blockchain could bring.
One of the tasks that students on the fintech immersion in London had to complete was to create a new business idea around blockchain, and then pitch it to R3. Tomislav developed an idea around a universal credit scoring model that could be applied worldwide.
The idea stems from difficulties he had proving his credit score when moving from Croatia to the US.
“The great thing was being able to discuss these things with leaders of companies,” he adds. “Since it was a more academic environment, you were able to ask very direct questions and receive very honest feedback.”
Bora Ozkan Technology is changing the skills MBAs need“Every industry is being impacted by digital disruption,” says Bora Ozkan, the academic director of the Online MBA and BBA programs at the Fox School, “and that's going to create new jobs for MBAs.
”As an MBA candidate, you need to understand the skills required as technology and data move us into a new age, and then how best to apply those skills. According to McKinsey, future leaders will need creativity, analytical thinking, the ability to connect with others, and the power of persuasion.
With the impact of the rapid change of technology on industry, businesses will have an increased need for leaders within the regulation and data protection spheres, Bora says. You will also need to think about ethics alongside diversity and inclusion.
While MBAs don’t need to be coders or computer scientists, an understanding of the underlying systems of these two areas is a necessity, as workers become more accustomed to working alongside machines.
For students like Tomislav, Bora says one thing is clear: “MBA students need to be able to deal with more digital and more data-oriented jobs.”-
Francisco Gimeno - BC Analyst These are the kind of news which make us smile. Three years ago no good MBA holder or student would even speak about the blockchain... now the possibility of disruption, and the emergence of education and training outside colleges, change the landscape practically every week. And more is coming.
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It can be a challenge to find accessible information about cryptocurrency and blockchain tech―which sites offer the best guides and tutorials?Learning about blockchain can be a chore: the crypto world is full of information, and navigating that material is no small task.
Until recently, there were very few comprehensive resources―instead, information was scattered across project documentation, wikis, and forums. This uncoordinated approach was not very convenient for newcomers.
However, there are now a number of projects and companies that have taken it upon themselves to create educational blockchain websites. These websites generally cover a broad range of topics, keep up to date with the latest changes, and collect everything together in one place. Let's take a look at five of the most significant education sites.Coinbase Earn
Coinbase is one of the most popular crypto exchanges, and it's making an effort to ensure that its investors are informed about trading. Since May, Coinbase has been paying users to study major cryptocurrencies through a subsite called Coinbase Earn.
The site covers several notable coins, including EOS, 0x, Zcash, Dai, Stellar Lumens, and Brave's Basic Attention Token.
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Coinbase Earn merely scratches the surface of these topics: after viewing each brief tutorial, you'll be able to complete a quiz. In return, you'll typically earn $10 of crypto, total―though you can earn $40 more if you invite other users.
Overall, Coinbase Earn is a good site for beginners, as it covers recognizable cryptocurrencies, not in-depth technical concepts.Binance Academy
Binance is another major exchange with its own educational initiative. Unlike Coinbase, Binance Academy doesn't cover any particular coins, and it won't pay you to participate.
Instead, it offers encyclopedia-like coverage of various technical topics. In fact, Binance Academy offered 450 different articles as soon as it went live in December 2018―and it's adding more each day.
The site covers topics of all complexities, from basic blockchain overviews to more thorough explanations of security, cryptography, and economics. Binance Academy also has several side features, such as a glossary, quizzes, and tutorials.
Plus, the site is available in fifteen different languages, which means that Binance's efforts are incredibly inclusive and accessible.Lisk Academy
Lisk Academy has been active since March 2018, and despite its name, it covers far more than Lisk itself. Rather, it covers blockchain topics in general through two main modules: one half of the site is dedicated to general users, and the other half is devoted to business users.
Together, these categories cover several topics, including P2P networking, cryptocurrencies, and ICOs.
Lisk's website boasts over 69,000 words of text, making it a fairly in-depth resource. It is, however, quite simple as well: Lisk's original announcement claims that just ten minutes of reading will give anyone the ability to understand and explain blockchain technology.
There is even a small section targeted at children, using an "explain like I'm five" conversational style.District0x
District0x is a network for decentralized marketplaces, but it also has a secondary purpose. Since August 2018, District0x has been running its own educational portal. This collection of resources is partially devoted to District0x itself, but the main attraction is the site's extensive coverage of the Ethereum blockchain.
Right now, the site is fairly small, with about two dozen topics―roughly on par with Lisk Academy, but not nearly as large as Binance Academy. However, District0x plans to grow the site, and it is publishing new entries each month. District0x also makes learning fun with eye-catching pictures, engaging videos, and other media.Tari Labs University
Tari Labs is an initiative co-founded by Riccardo Spagni, one of Monero's lead developers. The project is primarily tasked with creating the Tari protocol, which Monero will use to handle special digital assets in the same vein as CryptoKitties.
Additionally, Tari Labs also offers an educational site called Tari Labs University, which went live in October 2018.This site doesn't focus on any particular cryptocurrencies, but it does cover some basic topics, such as blockchain consensus and scalability.
It also covers some cutting-edge privacy coin topics, such as bulletproofs and Mimblewimble. Although TLU covers topics at every level, some of its articles are fairly advanced, and prior knowledge is often necessary.Before You Go
Before you check out the sites listed above, consider our own educational resources as well. Bitrates offers a wide selection of guides and tutorials, as well as in-depth series on special topics such as zero-knowledge proofs, IOTA, and Ethereum's Plasma ecosystem. We don't offer as much as you will find on a full-fledged academy site, but our resources are a good crash course.
On top of that, every website discussed in this article is a valuable resource. Each site is freely accessible, much like Khan Academy and various online coding boot camps.
One of the central values of the blockchain community is accessibility and financial inclusion, and free information can facilitate that―nobody should need to spend money to learn about their options.Additionally, these sites help promote development.
Since there are no formal blockchain education standards, it's up to the community to spread knowledge―and nobody is in a better position to do this than industry leaders. It's not just a chance for leaders to promote themselves: it's also a way for them to give back to the crypto community at large.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.- By Admin
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Francisco Gimeno - BC Analyst No excuses now. Crypto and blockchain resource are more and more available on the Web, not just on Github or other developer's forums. Educate yourself before you get behind the times! This is a good start. Anyway, a reminder: DYOH... Do Your Own Homework. We don't advertise any of these sites as being the best. Judge yourself.
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Technology has a way of making even smart people seem stupid. Often the names of advanced technologies appear to be in some foreign and unfathomable language. In reality, many of these technologies aren’t that complicated once someone explains to you what they are.
A good example of this is a blockchain.You may have heard the term “blockchain” banded with cryptocurrencies such as Bitcoin. Often, the word seems almost synonymous with digital currencies.
Blockchains were created for cryptocurrencies. However, their applications go far beyond them. Even if you have no intention of buying or using cryptocurrencies, the multiple applications of blockchain technology may positively impact your life one day.In this blockchain 101 primer, we will give you an introduction and guide to understanding “how blockchain works”.
We will also describe how technology is affecting a myriad of important industries. At the same time, we will tell you how it may change your life for the better.What Is Blockchain?
To truly understand what blockchain is, you must first understand why it was created.Bitcoin was the first cryptocurrency. By far, it is the most popular digital currency. However, it was not the first attempt to create a digital currency.
What held others back from mainstream acceptance was a flaw called double-spending in which a digital token representing money could be spent more than once.
The creator of Bitcoin developed blockchain. It was created specifically to solve double-spending. Moreover, it did so without the need of any central authority.
A blockchain gets its name from the fact that, in form, it is a chain of transaction blocks. This sounds complicated, but it is quite simple. You can look at a blockchain as being nothing more than a financial ledger.
However, instead of keeping this ledger in a book, it is stored digitally and distributed over many independent computer servers that are also known as decentralized nodes.
Each of these nodes keeps the same digital ledger. Moreover, each of these nodes confirms every single transaction made to the ledger. Additionally, these nodes prevent any changes to transactions that are already in the ledger. It also provides equal access to data stored in the ledger for all participants.
The distributed nature of blockchains makes it impossible for anyone, individual or entity, to control or manipulate ledger data. All other nodes will contradict and disavow any changes made to the ledger if a hacker had compromised a node or a node owner had malicious intent to it.
Photo on Wikimedia CommonsBlockchain: Powering The Future
Everyone can trust the data kept within a blockchain. Moreover, they needn’t rely on any third party to provide this trust. This technology has helped cryptocurrencies to explode in popularity. Owners of these currencies know that no government, corporation, or individual has control over their money.
This same technology has also led to an explosion of other authority-less applications.
Another key benefit of blockchain technology is transparency. Most blockchains, such as the one that underlies Bitcoin, uses a public blockchain.
This means that anyone with access to the Internet can view every single transaction made to the ledger. In the case of Bitcoin, you can trace every Bitcoin from the time it was first created until the time it passed to its current owner. Even in a private blockchain, all participants have equal access to the ledger and can track all transactions made to it.
Photo by Jenny Scribani on Visual CapitalistWhy Non-Cryptocurrency Organizations Are Using Blockchain Technology?
Blockchain technology was designed specifically for cryptocurrencies such as Bitcoin. While these currencies rely on blockchains, organizations in both the private and public sectors quickly saw that they could apply the technology to solve a wide range of problems that had nothing to do with cryptocurrencies.
For many private-sector organizations, the decentralized nature of blockchains and its immutable and verifiable data means that they can use them to reduce the need for third parties to act as a counterparty to contractual obligations between two parties.
Some organizations also see blockchains as a means to automate complex processes and reduce the need for creating and maintaining vast amounts of paperwork. Many large organizations are further using blockchains to track the distribution of goods and services, from the time of their creation until they reach their end-user.
For public-sector organizations, the prime benefit of blockchain technology is transparency. By placing important public information on a publicly accessible blockchain, all citizens can not only access this information but also trust it. A blockchain allows people to hold their government and the people who work for it more accountable.
Photo by Iulia on DigitaltokensThe Applications Of Blockchain Technology
Blockchain technology is relatively new. Despite many organizations being naturally skeptical of new technologies, it has already been applied (or is in the process of being applied) in a wide variety of real-world applications outside of cryptocurrencies. These include the following:Smart Contracts
Smart contracts are legal obligations between two entities. They are created and executed completely in computer code. Moreover, they allow these entities to track and enforce these obligations without the use of any third parties, including the judicial system.
Many smart contracts also implement automated escrow payments in digital currency to complete the contract. This can dramatically reduce contract-related transaction costs.
Moreover, it can increase the speed of contract execution.
Ethereum is currently the second-largest cryptocurrency by market capitalization. It was created specifically to facilitate these contracts. Many other cryptocurrencies, including Bitcoin, can support them as well.Supply Chain Management
Major international corporations, such as Nestle and Walmart, have been developing applications that use blockchain technology for supply chain management. This allows them to track the entire chain of the products they sell.
This starts from raw materials to work-in-progress inventory, all the way to their sale. Their systems do all this while providing data access to all interested parties, such as their business partners. Blockchains can also improve the auditing of these supply chains.
This allows companies to find inefficiencies that they would have never found otherwise.
IBM has even developed various products to let companies quickly and easily build blockchain-based supply chain management systems. The Blockchain in Transport Alliance has been developing standards for these systems.Financial Services
Blockchains are used to create and execute smart contracts. Moreover, in the development of systems that will settle stock trades, they also use Blockchain. A traditional settlement of trade can take many days. However, the use of a blockchain can reduce this wait to nothing.
This is because the executing, clearing, and settling of trade takes place at the time of the trade. Additionally, it does all this without sacrificing any security. Blockchain-based settlement systems can also significantly reduce the cost of settling trades.
Settlement systems are being developed for the settlement of stock trades. Furthermore, it is also developed for the settlement of other types of securities, such as bonds.Other forms of blockchain-based financial services systems include:- Cross-Border Payment Systems
- Auditing Systems
- Regulatory Compliance Systems
Digital Voting
As stated previously, blockchains are not just for private companies or financial gain. Governments all around the world are using blockchain technology. They are using it to create applications that register various forms of public data. One of the most promising of these applications is digital voting.
In many parts of both the developed and the developing world, voter fraud is a major issue. However, many localities are building systems that use blockchain technology. These help them eliminate problems while providing the public with unprecedented transparency and trust.How Will Blockchain Technology Benefit You
Not everyone gets rich from the Internet. However, technology is benefitting everyone. You can see this benefit every time you perform a search for information that would have been difficult (if not impossible) to collect.
It also helps when you want to book rideshare or a bed & breakfast using your phone. Blockchain technology will benefit you in many ways even if you do not make millions from investing in it.
One of the biggest ways blockchain technology will benefit you is in the transaction fees you pay for bank accounts, money transfers, and escrow services.
This is because the elimination of intermediary third parties will reduce the cost of these fees significantly. But this is just the beginning.
Joe Duran, the founder and CEO of United Capital, believes that in a decade from now, every transaction you make will involve a blockchain. This will make transactions cheaper, faster, and more secure than ever before.
A recent survey by accounting and consulting powerhouse, PricewaterhouseCoopers, backs Duran’s assertion. It indicates that nearly 85% of companies are actively developing blockchain solutions. Furthermore, this will increase in the coming years.
Photo by Sergey Lypchenko on DZone- By Admin
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Francisco Gimeno - BC Analyst Optimistic blockchain guide for beginners. The blockchain is rapidly evolving and changing, and more and more people is asking why is this about and how it will impact their lives, jobs and investments. Understanding the basic concepts is a necessary step.
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Utility tokens, also called app coins or user tokens, represent current or future access to a blockchain network's services. The defining characteristic of utility tokens is that they are not designed as investments.
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With blockchain base token economies we are not just expanding what value types get incorporated into the economy but also by reducing transaction cost we are extending markets further out. By converting centralized organizations with boundaries and borders into open networks we are making the networks of the global economy accessible to many more people.
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With these token economies a new form of economic development is emerging, one that is more organic and evolutionary. Key components of that are; initial coin offerings as means to bootstrap the token network; prediction markets as distributed mechanisms for bringing in the best available information and predicting what will happen in the future; and advanced analytics as means of optimizing the allocation of resources on the network through big data analytics.
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In this video, we talk about the effect that token economics will have on the structure of the enterprise. The enterprise of tomorrow will unlikely be based on the static structures of today but instead will be event-driven networks as we go from a push model of industrial production to the pull model of the services economy. Service-oriented blockchain based networks will use advanced analytics to pull together resources when and where needed on demand.
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Game theory is the study of the strategic interaction between adaptive agents and the dynamics of cooperation and competition that emerge out of this. A much more recent extension of this is mechanism design. Mechanism design is a field in economics and game theory that takes an engineering approach to designing economic incentives toward desired objectives, in strategic settings. Because it starts at the end of the game, then goes backward, it is also called reverse game theory. It has broad applications in the management of markets, auctions, voting procedures and is of particular relevance to token economics.
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In this video we talk about how token economics enables us to better capture and define the concept of intrinsic value. Our traditional financial system and the basis of neoliberal free market economics is the construct of value as utility. Utility is the value that something gives to some person. In contrast to utility is intrinsic value. Intrinsic value is the value that something contributes to the maintenance and functionality of a whole system. With intrinsic value, we have a unit that values the functionality of the whole network.
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Discount tokens are one of the new innovations made possible at a large scale within a blockchain based token economy. In short, discount tokens are digital assets that give their holders a specific claim to receive discounts on purchases of products or services from an organization — such as an enterprise, a cooperative, or a blockchain network. Unlike gift cards, discount tokens are not invalidated when used but remain active and in possession of the holders. The specific size of the discount that the token delivers for its owner is designed to grow in proportion with the overall utilization of the network. The discount token itself allows the holder to access the discount.
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The blockchain originates out of the purely digital realm of Bitcoin. Thus blockchain networks themselves can only ever manage what is on the network. This is fine if the asset is simply a digital token, but going forwards we find ourselves increasingly wanting to use these networks to manage real-world assets, thus these value networks will have to interface with the real economy and this interface between the physical and information realms creates major issues. Economies are at the end of the day still very much physical systems of technology, land, natural resources, buildings etc. if we are serious about migrating our economic systems to the blockchain major consideration has to be given to that interface to ensure that the tokens are securely and accurately connected to their underlying physical assets.
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The first application of blockchain technology may have been in currencies but people are becoming increasingly aware that a secure distributed ledger system of this kind could in fact potentially support all economic activity one day. Today startups around the world are feverishly building new frameworks for migrating ever more spheres of financial and economic activity to distributed ledger technology.
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Token economics offers the potential to break down divides between users and producers, between workers and owners; working to align their incentives within a whole ecosystem. By connecting people peer-to-peer and automating the operations of the network, blockchain technology enables us to take out the centralized component and reintegrate producers and consumers into a much more functional ecosystem of exchange.
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Blockchain protocols build upon the capacities of telecommunication networks to interconnect, and of the capacities of the microprocessor to run complex software systems for coordination. But whereas the previous set of information technologies gave us digital platforms for organizing economic production the blockchain promises to extend this model to fully automated distributed networks.
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