Cryptocurrency Morning Brief

May 17, 2018
  • After the CME group (CME) announced that it is unveiling real-time pricing data for Ethereum (ETH) and that it may develop Ethereum futures, the firm is now weighing investor demand. The group has noted that Bitcoin futures volume has been lower than some expected. CME group continues to weigh whether physical delivery should be done with the custody route or the private key route. The firm does not believe that the launch of Bitcoin futures influenced the decline of Bitcoin
  • Former JPMorgan executive Blythe Masters discussed Digital Asset’s (DA) efforts to integrate blockchain technology into capital market functions at Consensus 2018. DA is a startup that is working with the Australian Securities Exchanges’ clearing system and intends to integrate blockchain clearing on the ASX by late 2020 or early 2021. The blockchain startup is seeking to replace CHESS, the Clearing House Electronic Sub-register System. Digital Asset is now working with other financial market infrastructure providers, including exchange groups in Europe, North American and Asia-Pacific
  • The first commercial bond transaction using blockchain has reportedly been completed between Russian Bank Sberbank CIB and telecom firm MTS. MTS placed USD$12.11mm worth of bonds with Sberbank being the primary buyer using delivery versus payment method of settlement. MTS has said that the transaction was carried out through the entire settlement chain, form security placement and cash receipt to fulfillment of all obligations to the investor
  • The Chinese government has been working on a rating system for roughly 28 cryptocurrencies and Ethereum (ETH) was ranked number one. The government ranked cryptocurrencies on technology, application and innovation. Notably the coin rankings differ from their market capitalization as Ripple (XRP) and Litecoin (LTC) are ranked 17th and 21st respectively. EOS (EOS) and Tron (TRX) are absent from this list possibly because they do not have a working public mainnet blockchain
  • PayPal CFO John Rainey said that the company is not seeing much interest in cryptocurrencies from their merchants because price volatility threatens the viability of their merchant’s businesses. PayPal was one of the first payment services to accept cryptocurrencies back in 2014. The firm believes that price volatility could affect transaction margins at this point in time but PayPal will keep an open mind for future developments the firm said
  • Spanish bank Santander has become the first company to use blockchain technology for investor voting. The bank partnered with Broadridge Financial Solutions for investor voting at its annual general meeting. In related news, Russia has plans to test local-level blockchain voting. The technology aims to bring enhanced efficiency and transparency across the voting process

Quantamize Crypto Signals Active Return Outperformers

Cryptocurrency YTD Active Return* Accuracy Rates
Populous 96.92% 61.50%
Bitcoin Cash 93.21% 64.41%
NEO 86.87% 60.65%
Zcash  73.53% 61.04%
Stellar 65.13% 67.86%
Bitcoin 53.80% 62.75%

Sources:

https://www.newsbtc.com/2018/05/17/chinas-public-blockchain-ratings-rate-bitcoin-as-mediocre-ethereum-gets-high-praise/

http://cyyw.cena.com.cn/2018-05/17/content_386493.htm

https://www.coindesk.com/sberbank-buys-commercial-bonds-issued-over-blockchain-platform/

https://www.coindesk.com/capital-markets-blockchains-finally-getting-go-live-dates/

https://cointelegraph.com/news/paypal-cfo-says-merchants-arent-interested-in-crypto-due-to-volatility

https://www.coinspeaker.com/2018/05/16/cme-group-says-gauging-client-interest-ethereum-futures-index-launch/

https://cointelegraph.com/news/banco-santander-successfully-completes-first-practical-blockchain-investor-voting-pilot