Jump to content

Miss Behavin

Members
  • Content Count

    68
  • Joined

  • Last visited

  • Days Won

    6

Everything posted by Miss Behavin

  1. Dont know where Sygnia are on the the BC/ Crypto thing, they seem to have gone quiet. Agree kudos to ZAR X. Blockchain was made for Unit Trusts, its a match made in heaven I think This press release is light on detail about who is going to be disrupted, there are almost always winners and losers
  2. Wow....wonder why nobody has thought of this before ?? Blockchain seems like a very sensible solution for unit trusts
  3. Equity crowdfunding platform Uprise.Africa, ZAR X stock exchange partner to list startups on bourse https://ventureburn.com/2019/07/uprise-africa-zar-x-partnership/ Guys looks like ZAR X are at it again. Uprise are the guys that do some pretty cool crowdfunding like Drifter beer and Intergreatme check the link below https://uprise.africa/discover/
  4. Do you have to get tax clearance first or did EE put a structure in place that takes that admin away ?
  5. I did not see this coming !! Both Std Bank and JPMorgan launching blockchain payment solutions....wow These events matter because it makes moving money around much cheaper and faster....it benefits us the consumer ultimately Standard Bank builds blockchain for international payments "The platform aims to increase the speed and transparency of international payments and trades by providing an instantly-available record of documents and settlements stored in the cloud. " https://mybroadband.co.za/news/banking/297786-standard-bank-builds-blockchain-for-international-payments.html JPMorgan's move into crypto puts the rest of the industry on notice "Blockchain is particularly appealing because it could allow banks to clear payments faster and more securely, using technology that CB Insights said would dramatically cut processing times and reduce the need for third parties to get involved with transactions." " With the launch of JPM Coin, JPMorgan has shown it wants to get out in front of this transition, despite its previous skepticism. That could push other banks to show they're in the game, too. Singh said banks that have a large number of institutional clients, such as Citigroup (C), will feel the most pressure." https://edition.cnn.com/2019/02/19/business/jpmorgan-jpm-coin-banks-blockchain/index.html
  6. Now this is very clever...Abra is a populat crypto platform but what they have now done is to link listed assets to a type of crypto ETF that tracks major listed assets....check out the story below. https://www.abra.com/ Since Abra runs on bitcoin, it automates all of its processes like asset holding, hedging, and user transactions with smart contracts. It supports 30 cryptocurrencies, 50 fiat currencies, and is led by crypto/finance leaders like Bill Barhydt/CEO (formerly a VP at Goldman Sachs and Technical Director at Netscape) and Daryl Puryear/CTO (formerly Director of Software at Mint.com and VPE at Motif.) How does their new product work? Essentially, Abra has taken its existing platform and extended it to support assets available on the NASDAQ, starting with the top 100 stocks and ETF’s. Once users invest capital into the platform, they can choose to “invest” in one of Abra’s 100 stock/ETF offerings, which represents stock investment exposure in corporations like Facebook, Apple, Amazon, and Alphabet/Google. As soon as a user adds money to the Abra app, the capital is immediately transformed to bitcoin. Then, using Abra’s crypto-collateralized contract, Abra keeps the notional value of that bitcoin investment tied to the current value of the stock. This is done with what’s called a multisig bitcoin address, where Abra and the user sign a contract to peg the amount of cryptocurrency to the value of the asset. Abra users then hold an asset that track the exact price and volatility of the given stock. While users don’t actually hold any shares in the company they still receive dividend payments because of the means by which Abra hedges itself on the contracts — super cool. The platform can also support short selling which Abra hopes to offer in the future. Why does this make electronic stock investing any different? The mechanism by which Abra enters into these smart contracts means that Abra can offer this investing service legally in 155 countries. That is a first for investing in US stocks, commodities, cryptocurrencies and fiat currencies via a single service. The SEC and CFTC have clarified that the definitions of the terms “swap” and “security-based swap” do not include forward contracts. These definitions exclude “any sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled.” These organizations later provided guidance on how this physical settlement exemption applies to Bitcoin. Abra operates under this exemption. This means that Abra’s investing tools are much less regulated than other trading mechanisms. Since other online stock trading platforms like Robinhood, TDAmeritrade, or Charles Schwab actually invest user assets in real stocks and act as a full broker and custodian, they do have to follow rules set by the CFTC, SEC, and other securities commissions. But Abra’s model means they can expand the market of pseudo-stock-investing globally, beyond these specific geographic boundaries. What are the greater implications? Abra’s company ethos is democratizing finance. Their entire value is built off of being a platform where a first-time investor from the developing world can make the same returns as the hot-shot finance guys from New York. Abra’s new offering helps accomplish that by introducing pseudo-stock-trading to hundreds of new markets, making it a feasible investment mechanism for people in 155 countries globally. Abra’s new tool might also affect the price of bitcoin. On Abra, all users become “hodlers,” crypto-speak for someone who holds onto bitcoin without regularly trading it for other currencies and assets. Past financial studies have found that hodling is one of the key driving factors behind bitcoin’s price fluctuations. Since Abra’s platform automatically converts user capital to bitcoin, all users become hodlers and thus could, at large scale, drive changes in the price of bitcoin. Depending on how many people hop onto Abra’s new platform, we might see a short- or long-term spike in the price of bitcoin as more people use bitcoin as the underlying means for their every day stock and ETF investing.
  7. Only picked up on this story today, don't know who else saw it ? TWK Agri trading on a 4 PE and 4% Div yield ... looks like a bit of a diamond in the rough , any thoughts ? https://www.moneyweb.co.za/news/companies-and-deals/there-is-life-in-agri-yet/ https://www.zarx.co.za/company-list/entry/twk-investments-limited
  8. With all the pain being felt in the crypto currency space its interesting to note how the market is maturing. The market for STO's is huge !! Security Token Offerings – the next Multi-Billion Dollar Market in 2019? Initial coin offerings (ICOs) were all the rage in 2017, raising a massive US$5.6 billion, but this year saw the emergence of the security token offerings (STOs), a market that’s predicted to be worth some US$10 trillion by 2020. In opposition to tokens offered in an ICO which do not give any rights or obligations and instead provide access to a specific network, platform or service, tokens offered in a STO are actual financial securities that are backed by something tangible like the assets, profits, or revenue of the company, and which offer legal rights such as voting or revenue distribution. A security token performs the same function as a conventional security, except that it confirms ownership through blockchain transactions http://fintechnews.ch/blockchain_bitcoin/security-token-offerings-the-next-multi-billion-dollar-market-2019/23849/
  9. R1mil for Larry Nestadt is pocket change he pays the parking attendant. He is probably neck deep in BLT since pre-listing
  10. We can now expand the conversation to include Tyme Bank ...any thoughts on these guys. I heard ARC they let 60% of the staff at Tyme go yesterday ....so how is Patrice creating jobs ? https://www.moneyweb.co.za/news/companies-and-deals/tymebank-disrupts-market-with-a-free-transactional-account/ (Free is my favorite brand )
  11. I agree on the fee issue, but what is a much bigger problem for me is the fact that when we pay someone money via EFT that money leaves my bank account and only reflects in a day or two with the recipient. Banks earn interest on these "overnight transfers" there is no reason for them to do so. In fact the SARB can and do settle all money transfers on a RTGS basis Real Time Gross Settlement , regardless of size of transfer. Which means that we can have our cash paid instantaneously....but nooooo the banks want to hold to earn the interest. They make money despite themselves !
  12. Anyone know what this is all about ?
  13. By way of an update market is now talking Block chain 3.0 some interesting startups in the space Stackr (https://www.gostackr.com/) What happens to your Crypto when you die ??? Stackr allows you to designate beneficiaries to receive your assets without going through a possibly lengthy and expensive probate process and estate taxes. In many jurisdictions, moving assets between crypto and traditional investments can trigger unnecessary taxable events. Stackr can be isolated from such events due to the trust structure, which means that it is only when you really need your money and remove it from the trust that you might pay any tax. Stackr is a secure long-term crypto and US$ savings solution that cuts out the middleman. Combining traditional finance with modern-day financial technology & expertise has enabled Stackr to pioneer this innovative, secure and flexible savings solution for the blockchain community. (These are South Africans that run a very cool shop !) Celsius Network (https://celsius.network/) Celsius is banking on the blockchain. Its borrowing and lending platform will allow users to earn up to 5% interest on their crypto while taking loans at 9% interest, using their crypto as collateral. Celsius Network’s goal is to bring the next 100 million people into crypto, ultimately becoming the first killer app in the space. Risky or not, this is one to keep an eye on. This FinTech startup is primed to disrupt traditional banking. Gameflip (https://gameflip.com/flp) is an online marketplace backed by Silicon Valley venture capital. It allows gamers to transact any type of digital goods, and currently has 3 million members. After successfully hitting its token-sale hard cap, the FLP utility token can now be used to transact digital goods within the Gameflip marketplace. In the coming months, pilot program partners and publishers will begin integrating the Gameflip SDK, which will enable the transactions of approved in-game goods via the Blockchain. (Basically trading gaming stuff...wow) ADBIT The ADBIT token will be the core function of CIINCH Media Marketplace, the world’s first blockchain-powered media planning and buying platform for traditional media (print, TV, radio and out-of-home) assets. CIINCH and ADBIT were created to help automate the multiple layers of manual processes that currently plague the industry. Traditional media has failed to innovate and adapt to the current state of our age. Highly fragmented and operating on legacy software developed in the 1990's, ADBIT and CIINCH aim to bring these processes into the present. (Here we are trading media space....trade everything !!! )
  14. I agree with you, having said that it will have major impact on financial markets and how securities settle which will have a knock on effect on custodians and banks
  15. Hey boys did you miss me ?? ;-) (Sorry been away for a while) Follow Anthony Clark on Twitter he calls a spade a ...donkey with lipstick in the case of Libstar https://twitter.com/SmallTalkDaily/status/994202365841551361
  16. HSBC Completes First Trade-Finance Deal Using Blockchain, Opening $9 Trillion Market For Mass Adoption Just a few hours after German online bank Bitbond announced it now allows users to transfer loan anywhere in the world using bitcoin and other cryptos , a move which we said would result in a rapid adoption of blockchain technologies within the bank-disintermediation space, the FT reported that in a somewhat parallel transaction, UK-based banking giant HSBC has completed the world’s first commercially viable trade-finance transaction using blockchain, in the process opening the door to mass adoption of the technology in the $9tn market for trade finance, a process which ironically culminates with traditional banks such as HSBC becoming disintermediated from the fund flows process, i.e., obsolete. HSBC said the blockchain trade, which processed a letter of credit for US food and agricultural group Cargill, had shown the platform was ready to be commercially adopted across the industry. In many ways the news will be welcome, especially when it comes to trade finance: traditionally one of the most convoluted and burdensome pillars of modern finance, one which has been deeply in need of disruption. As a result, the FT notes that the introduction of blockchain "is expected to shake up the centuries-old trade-finance industry, reducing the numerous documents and several days of processing needed for a single transaction to a paperless task that can be completed in hours." And, as Vivek Ramachandran, head of innovation and growth for commercial banking at HSBC, said, "the next stage is actually encouraging as many participants as possible to sign up to the utility" adding that banks, shipping companies, ports and customs operations would have to take up the same technology before it could gain widespread usage. "We don’t envisage the platform as anything other than a utility." Think of blockchain is to trade finance as DTCC was to old-school stock certificates (incidentally, blockchain is set to revolutionize DTC as well). https://www.zerohedge.com/news/2018-05-13/hsbc-completes-first-trade-finance-deal-using-blockchain-opening-9-trillion-market This is going to upset a few apple carts !
  17. Sierra Leone Holds World's First "Free And Fair" Blockchain-Backed Election. Nice article on how BC is slowly but surely taking over everyday functions...bring it on https://investingmatters.co.za/sierra-leone-holds-worlds-first-free-and-fair-blockchain-backed-election/
  18. The Public Investment Corporation (PIC), one of Africa’s largest asset managers, has bought a 25% stake in ZAR X for an undisclosed amount. The equity injection would bolster ZAR X’s balance sheet and listings pipeline and enable it to better drive financial inclusion, CEO Etienne Nel said on Thursday. "We were looking to bolster our BEE [black economic empowerment] credentials and went through an extensive process last year, talking to various strategic BEE partners. The additional benefits that the PIC brought to the table won the day," he said. ZAR X now had a 36% black shareholding.The exchange was already in discussions with the PIC around listing some of its considerable private equity assets, Nel said. ZAR X was the first of four new stock exchanges to be launched in SA over the past 12 months, in what is the first challenge in decades to the JSE’s dominance. Its February debut was followed by the take-offs of 4 Africa Exchange, A2X Markets and Equity Express Securities Exchange.The PIC’s investment in ZAR X is a strong vote of confidence in the exchange and augurs well for its rivalsWhile few dispute that the new exchanges will promote competition and financial inclusion, they have got off to a slow start, primarily stocks listing that had traded over the counter before or in which trade was restricted. Only A2X, which provides a secondary listing platform for JSE-listed heavyweights, has managed to list large companies such as Coronation and Afrimat. In 2017, Patrice Motsepe’s African Rainbow Capital Investments bought a 25% stake in A2X. The PIC’s investment in ZAR X is a strong vote of confidence in the exchange and augurs well for its rivals. It gave the PIC, which manages more than R1.9-trillion in assets, "an alternative platform from which to trade and on which to list", said corporate affairs head Deon Botha. It had chosen ZAR X over other new exchanges based on "the opportunity presented". "This transaction will assist us in our resolve to bring about meaningful change in and transformation of the domestic capital markets and overall financial services industry landscape in SA." The PIC holds a 9.86% stake in JSE Ltd on behalf of the Government Employees Pension Fund, Bloomberg data shows. January had been ZAR X’s biggest in terms of trading values since its launch almost a year ago, said Nel. It had now signed up 10 stockbrokers, including one of SA’s largest prime brokers, Peregrine Securities. This would boost trading on the exchange, which had a market value of about R3.7bn. The listings pipeline was also looking healthier, as the malaise that gripped the market in 2017 began to lift after the ANC elective conference. "Since the beginning of last week we’ve had inquiries for five new listings. The discourse with issuers is significantly more positive."
  19. "You're Going To See A Rush For Gold" - Katusa Warns De-Dollarization Is Accelerating Global strategist Marin Katusa is the New York Times best selling author of The Colder War, which details the geo-political power shift that threatens the global dominance of the United States. He’s also a well known resource hedge fund manager who legendary investor Doug Casey has called one of the best market analysts he’s ever worked with. His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange. This trend, according to Katusa in a must see interview with Future Money Trends, will only continue to weaken the U.S. dollar going forward and the result will be a massive capital flight to gold in coming years: I think we’ll have a near term bounce on the U.S. dollar… then it’s going to be very weak… and then it’s going to go much, much lower… With China and Russia working together to de-dollarize the U.S. dollar starting with oil, which is the biggest market… and then all the other commodities. You’re going to start seeing a massive unwind of these U.S. dollars in the emerging markets. When that money comes back… which it will… and the world starts cluing in that the emerging markets need gold to convert the Yuan and the Ruble and all these different factors, you’re going to see a massive rush for gold. Katusa notes that he is preparing to “load up” on gold-based assets as the dollar strengthens and puts additional pressure on gold prices, but says that by next year major fund managers will start moving capital back into precious metals in response to dollar weakness, global de-dollarization and economic crisis: Everybody wants to rush in when something’s exciting… but you take your position before the massive flow of money… I think we have a near term dead cat bounce for the U.S. dollar… which will mean we’re going to have a little bit of weakness here in gold in the near term… the next six months is my time to load up. …And when the funds flow come in… it’s going to be the equivalent of Niagra Falls coming through your garden hose. The geo-political realignment taking place now stands to upend the financial and economic systems as we know them. This shift will not come without crisis and panic. The time to position yourself in gold-based assets is now.
  20. Picked up this thread on twitter. Looks like EE are able to trade ZAR X shares ! All these things happening on quiet !? Has anybody asked EE how to trade on ZAR X ? https://twitter.com/dutchie_analyst/status/908592323126349825 https://www.zarx.co.za/broker-list
  21. With Tencent adding their weight behind BC its going to become significantly more mainstream
  22. Tencent Taps Intel's Hardware for IoT Blockchain Solution Chinese internet conglomerate Tencent announced a blockchain research partnership with multinational tech corporation Intel at a conference yesterday. The deal, which will see a new R&D lab established in Wuxi, Jiangsu Province, aims to fuse Intel Core technology with the Tencent User Security Infrastructure (TUSI) standard to develop a secure blockchain system for the Internet of Things (IoT). The effort aims to develop accounts secured by "hardware keys and blockchain," so that IoT devices can "enjoy unified security capabilities," a local news source states. Intel has been pursuing blockchain technology for some time, with a particular emphasis on its own hardware-based security. As reported by CoinDesk, the firm uses so-called "software guard extensions" (SGXs) to create secure enclaves within its processors to protect vital data.Tencent, which notably developed the WeChat messaging app, also has a history with blockchain technology. Back in April, the company released a white paper detailing a suite of blockchain services currently in development. And, in June, the firm revealed work with Bank of China on a blockchain research effort. https://www.coindesk.com/tencent-taps-intels-hardware-for-iot-blockchain-solution/
  23. Are there any updates on the cautionary that they posted a while back ?
  24. Sanlam acquires 30% of EasyEquities...looking very positive for EE https://www.moneyweb.co.za/news/companies-and-deals/sanlam-investment-holdings-acquires-30-of-easyequities/
×
×
  • Create New...