Summary
There’s no denying that the crypto market has been rough lately. Bear markets can bring great buying opportunities, but they can also make it more difficult to vet new altcoin investment opportunities. So we’re moving cautiously and looking for only the best of the best.
One of the altcoins Adam Sharp is keeping an eye on? Grin. It’s too soon to recommend, but Adam sees promise in this one. Grin’s development relies on community support and has no rewards for founders or investors. Grin aims to make a faster and more private network by improving bitcoin’s code.
Another interesting altcoin development is MIT’s vault. It is a proof-of-stake coin that researchers claim will be 99% more efficient than bitcoin. It’s impossible to say how it will stack up, but it’s something we’ll be watching.
In institutional investing news, Andy Gordon says Coinbase wants to be the go-to exchange for institutional crypto investors and is adding services, including cross-border wire payments, that target high-rollers. It will face stiff competition from other exchanges that are also targeting institutional investors as the pace of institutional investment in crypto begins to pick up.
Meanwhile HSBC has jumped on the blockchain train, integrating blockchain technology into its banking operations. Last year, the bank did $250 billion worth of blockchain-based transactions. It’s yet another sign that blockchain technology is becoming more mainstream, which is good news for crypto investors.
If you’re interested in a particular topic, we’ve listed the time code on the right so you can skip directly to it in the video.
- Keep an eye on grin (1:35)
- A new coin from MIT (7:34)
- Coinbase ramping up for institutional investors (11:14)
- Institutional investment pace likely to pick up soon (15:04)
- HSBC blockchain platform settled $250 billion in transactions (17:42)
- Price talk (19:58)
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