Coinbase Hit With Lawsuit From Shareholder Alleging 2021 Stock Listing Was Based On Misinformation

Top US-based crypto exchange Coinbase is getting hit with a lawsuit alleging that the firm’s 2021 stock listing was based on misleading information. …

Coinbase Hit With Lawsuit From Shareholder Alleging 2021 Stock Listing Was Based On Misinformation

This suit is not so dissimilar to another brought against Ripple, creator of XRP, when a couple of XRP holders felt their returns were not what they should have been.

People need to understand the risks associates with investing and know the difference of investing early in new technologies that may or may not survive.

In a technologies infancy, there are likely to be wild price swings. Do your homework and only invest what you can afford to lose.



This post contains a repost from

BlackRock Partners with Coinbase

When the world’s largest asset management firm, BlackRock, partners with a leading cryptocurrency platform, we must begin to take notice of the emerging asset class. Read the Bloomberg article here. VanEck already has approximately $500M worth of digital assets under management in ETFs, but holding the actual digital asset may be where the real money is. The Blackrock and Coinbase partnership fuses just that; access to the actual tokens as well as custody through Coinbase Prime.

I would be remiss not to draw attention to Larry Fink’s previous stance on cryptocurrency can be listened to in this Bloomberg video. Mr. Fink was showing no signs of interest in digital assets, even though his firm, along with others, were building out digital asset trading platforms.

Ultimately the operational outcome of this move will allow BlackRock’s platform, Aladdin, to work with Coinbase Prime. Coinbase stock price suffered a substantial drop since going public on April 14, 2021. However, the partnership announcement with BlackRock has been nothing but good news for the titan cryptocurrency platform struggling recently due to tightening financial markets around the globe.



All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#crypto #xrp #xlm #algo #hbar #miota #qnt #xdc #iso20022 #cryptocurrency #money #futureofmoney #blackrock #coinbase

ISO 20022 and Crypto

Monumental changes are on the very near horizon in the Finserv sector. As early as August 2022 (next week), financial institutions will be able to opt-in to the ISO 20022 standard through the SWIFT community. By November 2022, the option will be generally available.

Let’s look at some of the details. ISO 20022 is the standard for electronic data interchange between financial institutions. It will be the standard messaging system for financial institutions around the globe to track and monitor payments. This means that the way money moves globally is changing. The SWIFT network is the standard method used to move money around the globe and has been the legacy system in use since the 1970s. Technology is now available and being deployed that will allow the exchanges payments messages to be transformed under the ISO 20022 standard. This change will produce efficiencies on a massive scale.

How does this relate to crypto? Currently, there are seven (7) ISO 20022 compliant cryptocurrencies. They are XLM, HBAR, MIOTA, XDC, XRP, ALGO, and QNT. These currencies represent different transaction systems, but have made their business use case compliant with the standard that is quickly becoming the way money moves around the globe.

Furthermore, both Ripple and Stellar are members of the ISO 20022 Standards Body. Each company has minted a native cryptocurrency that run on their digital ledger technology and they are XRP and XLM, respectively.



All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#crypto #xrp #xlm #algo #hbar #miota #qnt #xdc #iso20022 #cryptocurrency #money #futureofmoney

What is the SEC’s Motive?

Some digital assets have been given a pass, known in the crypto world as the “Ethereum free pass.” Other digital assets, XRP for instance, have had their entire market disrupted due to a lawsuit that the SEC brought against the “minting” company, Ripple.

Ripple minted a total supply of 100 billion XRP in a project they started over a decade ago. Jed McCaleb broke off from Ripple and started Stellar. Stellar produced the digital token known as XLM.

The comparability of XRP and XLM in terms of their functionality for providing real life solutions to real life problems is well known. They provide on demand liquidity for financial markets around the globe. That’s a big deal.

Why then, would the United States government file a lawsuit against one of these two companies alleging the sale of unregistered securities years after the sale of the the digital token began? We know that Ripple sought guidance from the SEC then, yet none was provided.

This lawsuit began with Jay Clayton, a President Trump appointee and continues to this day with Gary Gensler, a Biden appointee. This lawsuit is bigger than politics. It is about money. Global amounts of money.

– Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#sec #ripple #stellar #crypto #digitalasset #ethereum #bitcoin

Tweet = Control = Bitcoin Control?

Tweets from business leaders like Elon Musk reshape the landscape of assets like bitcoin in a matter of minutes. Be mindful, though. Elon is in the business of sustainable energy and mining bitcoin consumes massive amounts of energy.

Musk bought $1.5 billion worth of bitcoin only a short time before expressing that Tesla will no longer accept bitcoin for payment, pushing the price of bitcoin downward. If bitcoin mining operations in China were crippled by substantially lower the value of the cryptocurrency, it could pave the way for renewable energy companies like Tesla, controlled by Musk, to bring the operation to the United States.

Bitcoin miners need to have the asset at certain levels in order for the operation to be profitable, at least to break even. Each time bitcoin halves (May 2020), the value of the coin needs to appreciate in value for the operation to remain financially viable.

Gaining control in business sometimes requires making it no longer financially viable for a competitor to perform business operations. Digital assets is business, and big business at that. To give some perspective of where this decade old industry reaches today, we should include financial markets and institutions, energy, government regulators, consumers, and retail business across the globe. It is a world-wide part of the economy and to think it will not continue to progress is to be obtuse.

Musk, among other industry titans, have the opportunity to gain massive influence over the industry, and they know it. Post a “tweet” and sink the market? Effecting billions of dollars has never been so immediate. It also opens an opportunity to bring control of bitcoin mining operations to the United States amid a loosely defined regulatory period surrounding the cryptocurrency market.

Musk has a monumental opportunity to mine digital assets (those that require that activity) through renewable energy, rather than coal power currently deployed in other countries.

– Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

#bitcoin #cryptocurrency #renewableenergy #elonmusk #bitcointweet #digitalasset

Will a Recession Catapult Digital Assets?

Digital assets may become the new safe haven when it comes to sheltering investments during economic downturns. We know that gold has always been classified as a good bet and that bitcoin is dubbed “digital gold.”

The digital asset bitcoin has been around since 2008, just after the onset of the last major recession. This has given it the benefit of coming out in front as the most popular asset in the class. However, it does not mean that it is the only asset in this space, or that it will remain the front runner.

There are many more digital assets that have sustainable business use cases, transforming the way that the world operates. Ethereum is one such digital asset that is recently threatening the status of bitcoin, especially when is comes to being sustainable.

In times of crisis, like that which we are all experiencing now, new systems take hold that reshape society’s idea of normal. The bigger the crisis, the bigger the change. When was the last time economies shut down entire sectors of the business community? The changes that erupt from this pandemic will be massive and it seems that digital assets may have a place in the aftermath. Just listen for the words “liquidity” and “crisis” from the mouths of nation’s leaders. There are options available in the digital asset sphere that can substantially help mitigate such instances.

– Rand

All opinions are my own and should not be considered investment advice. I am doing this to provide entertainment.

2018 brought digital assets to those who paid attention. 2019 will bring it to the rest.

That’s right everyone. The dots for connecting digital assets with real world use cases are growing in number. It reminds me of when as a child, I would connect dots on paper to get a final picture. Sometimes the dots were so few that you could not really visualize what the image would be, but there were also those pictures with so many dots, you could immediately see what was going to present itself.

The picture has been adding dots and a perfect example is the DTCC partnering with a multitude of tech firms in the distributed ledger technology (DLT) and digital asset sphere.

Look around at the mainstream traction that digital assets have been gaining. Brad Garlinghouse, CEO of Ripple just had an interview on CNN explaining the way their native cryptocurrency XRP functions in the banking world. Watch the interview here.

It is highly likely that the digital asset world will shed many of the participants in the coming months as regulators begin determining how best to allow these technologies to function parallel to the existing currency frameworks of global economies.

France, along with other governments, fear the affect of projects such as Facebook’s Libra. Ultimately, national governments are concerned of the threat to their monetary sovereignty with the creation of digital currencies that are designed to compete with, replace, or even coexist with the fiat of the nation. BBC has an article of interest to explain their stance on the Facebook Libra project.



Words and opinions are my own. This is for entertainment purposes and to share my own opinions. This is not financial advice.

#digitalasset #cryptocurrency #digitalfuture #ripple #monetarysovreignty #futureofmoney

What if smart contracts become more intelligent when necessary?

Blockchain is undoubtedly a topic worth knowing about. With a seemingly endless number of use cases, it is always good practice to understand where a technology can be applied in a specific use. By narrowing our focus and applying any number of proposed blockchain use cases to an industry, we can begin to imagine how this technology can be used to create certain enhancements and reforms.

Let’s start with the smart contract and the construction industry. Specifically, we will look at where the technology of a smart contract stops and how it can be reinforced to adapt to more fluid transaction environments that do not, or even should not, always follow the same transaction methodology.

It is important to note that a smart contract is not a contract in and of itself, but rather an automated system on the blockchain that performs unalterable functions to execute an agreement. In essence, it forces the agreement to function.

The construction industry has a number of moving parts that impact the bottom line for all parties involved. There are owners, GC’s (general contractors), engineering firms, inspectors, sub-contractors, insurance companies, public agencies, and communities involved in the process. Many, or all, are often external stakeholders to one another. The number of participants and individual interests in a large scale private or public project can often lead to deflection of risk, miscommunication, and substantial extra cost.

As an aside to the focus of this article on blockchain, I recommend reading UK Construction Industry estimates loss of up to £13 billion in construction projects due to poor communication between parties, written by Susan Pettit, Director of Client Management at UK research firm, Client Confident. The article focuses on the cost of miscommunication (as the title suggests).

How might blockchain begin to mitigate and streamline the construction process? A developer or project owner wants to build a project and mitigate all risk, but should the risk associated with the project owner’s ambitions be pushed down the line on smaller and smaller companies? The legal issues, time, and expenses that may come as result of a contract disagreement can cost a small company its existence.

Smart contracts extend the idea of maximizing fair play throughout a project life-cycle. In the current language of many Prime Contracts, any subcontractor can become involved with any number of claims during and after their time on the job. This can range from labor disputes, delay of job clauses, and retainage of payment for issues that arise outside the scope of the subcontractor’s control costing time, legal fees, and productivity. The contract language is written specifically enough to make you a party, but vaguely enough in defining parameters, keeping the specifics of why a clause may be enacted undefined. This may adversely affects a subcontractor that has otherwise performed their work accordingly. Essentially, the contract world is not as fair as it could be.

If industry standards can be formalized, while simultaneously accounting for variables in the process, owners of large and complex projects can issue RFPs to the open market under a standardized smart contract for the particular subcontractor skills or vendors to bid on. Terms are predefined based on necessity of the outcomes and favor both the owner and bidding party accounting for each organization’s needs and understanding of potential variables.

A subcontractor, unless otherwise involved in the construction process, should have access to a contract or agreement that fairly represents their scope of work within the entire project.

The rules written in the smart contract may not contain all possible scenarios that a transaction, or series of transactions may encounter. It is likely that a smart contract be in addition to the actual agreement, more of a system to speed up and execute aspects of the agreement in a timely and trusted manner.

The construction industry is an excellent example of transactional volatility due to the multi-layered construction process in a single project. As mentioned before, there are potential variables with every hired contractor and subcontractor that cannot be taken into account when designing a blanket contract. In this scenario, we would employ off-chain logic that uses third party validation for the variable scenarios that arise outside of the standard permissioned smart contract language (IBM Developer, Desrosiers and Olivieri, 2018). IBM Operational Decision Manager (ODM) is a third party system that engages answers from each party involved in the transaction, specifically applying a determination based on answers provided by the parties involved in the transaction.

The technology and applications for increasing business intelligence, openness, and accountability are quite remarkable. How far can technology propel integrity and omission of human error in enterprise, free market or otherwise? Will smart contracts become legally binding in the court of law?



NOTE: As the domain name of this site suggests, the content my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions. 

The bulls have it, the bears want it. Will crypto pull from a market correction?

The general feeling of continued market stability is coming under question. Some have proposed severe market downturns. The inevitable will happen, but when?

Whether you believe that someone has the crystal ball on market forecasting is entirely up to you. I am a student of history and history does repeat itself, though not entirely in the same manner or breadth each time, the overall cycle does come full-circle. I like to be prepared.

Will cryptocurrencies become a new hedge against market corrections? Will they replace, compete, or partner with precious metals and other traditional bear market safe havens?

As we near the decision of whether the SEC will permit Bitcoin ETFs (delayed until September 30, 2018), I believe that we will see a shift into this new asset class by large investors, banks, family trusts, and eventually, the individual investor. VanEck has proposed a $200k minimum to ensure that investors are in fact accredited and fractional shares will not be available.

Volatility will continue due to uncertainty in the news and various other sources about which cryptocurrencies will be the best bet in both the short and long term. For the up-to-date investor, that is anyone’s game. Regulatory frameworks are well under way, though likely out of sight to the average investor. As regulatory frameworks are developed, the landscape will change. Lobbyist groups, such as the Blockchain Association, are currently leading the charge across the political landscape representing companies like Coinbase, Polychain Capital, and others.

The end of Q3 and all of Q4 should have some very interesting action that I believe will give a little more perspective to the digital asset sphere. Particularly, the SEC review for the Blockchain ETFs and certain work in the blockchain/crypto sphere that is expected to go live, affecting the use of particular cryptocurrencies.



NOTE: As the domain name of this site suggests, the content my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions.

How XLM fits with IBM.

XLM, Stellar Lumens and IBM:
According to the Stellar website, there have been 8,143,934,276 Lumens (XLM) distributed at the time of writing this article. You say, “great, what the does that mean for me?”

Lumens XLM

The principal behind the Stellar network, and the XLM token in particular, is to move money across borders for a fraction of a penny. It costs institutions money to move money. Whether it is USD to GBP, or CDN to YEN, there is a cost to facilitate the exchange of one currency to another.
This is where tokens such as XLM step in. They act as a “bridge currency” to the underlying fiat currencies. Through the Stellar network, the transfer of USD to GBP goes through XLM. USD is first converted to XLM, then converted to GBP in a matter of seconds and at a mere fraction of the current cost to traditional exchange rates.
The Stellar network is decentralized, meaning that it is not controlled by a single entity. The settlement time using XLM is 2 – 5 seconds. Money has not transferred that quickly, ever. There are similar coins in the Stellar Lumens space, specifically, XRP. Both are worth looking at due to their current low cost of ownership and the use case that each provide. XLM is focused on a direct peer-to-peer system that cuts banks and XRP out of the equation. It could be argued that each will have a place in the money transfer sphere as the banking system has a long history of being involved in the economies of the world.
Partnerships that Steller has developed:
IBM, Stripe, Wipro, Deloitte, and Mifos to name a few. The full list can be found on
Yes, Stellar is a .org as they are a non-profit organization.
You can purchase XLM on a variety of exchanges.



DISCLAIMER: As the domain name of this site suggests, the content of my blog posts are opinion and not investment advice of any kind. Do your own research before making any decisions to invest (or not to invest). I am not a financial advisor. I am simply sharing information I gather from across the web, news, and media outlets and drawing my own possible conclusions. I hold XRP and XLM.