Markets

Crypto World In Review: Taking In The Good With The Bad

A lot happened in the cryptocurrency industry this week, and we can expect only to see more buzz. For now, here’s an overview of what’s been going down in the crypto world.

Coinbase Offers ZCash Trading

First off, you can now trade Zcash (ZEC) on U.S.- based Coinbase exchange. While customers in the United Kingdom or New York are currently exempt from the extra trading pairs, others can now buy, sell, send, receive and store the extra trading pairs on Coinbase, which is one of the United States’s largest crypto exchanges. On the news, ZCash, which ranks 19 in terms of market capitalization, dropped 11% to 2-week lows on Wednesday. Quite odd since this was a big deal for the ZEC traders.

Major U.S. Hospital to Use Blockchain

Talking about big deals, Massachusetts General Hospital (MGH), one of the top five hospitals in the US, is partnering with Korean blockchain startup MediBloc to find better ways to store and share patient data. Finally, something good happening in the U.S. health system.

Crypto Lending Services Launching in Australia

On the other side of the world, in the land down under, a new crypto lending services startup is launching on Australian shores. Helio Lending, the first of its kind in the Kangaroo land, claims to be in the position to offer 50% more spending power to clients than they would have by holding on to their crypto assets. It’s not all good news though in the crypto world.

Consensys Considers Downsizing

As the crypto winter hits the markets hard, some companies like Ethereum incubator, ConsenSys are considering downsizing. As I covered previously, Ethereum cofounder and ConsenSys CEO, Joseph Lubin, has said he’s planning to restructure the company to protect it against the recent downturn in cryptocurrencies. Consider this as something like using a stop loss on a losing trade. You gotta do what you’ve gotta do to survive the bear market.

Now I’d like to hear from you. Which cryptos do you think will survive the digital winter? How soon do you think springwill arrive? Let me know in the comments, and subscribe to get more updates. Remember that a s the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.

Don’t forget to complete your risk management due-diligence before developing your investment strategy.

This article was originally published on InvestDiva.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Kiana Danial

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert. She is a highly sought-after professional speaker, author and executive coach who delivers inspirational workshops and seminars to corporations, universities and entrepreneurial groups. She is a frequent expert on many TV and radio stations and has reported on the financial markets directly from the floor of NYSE and Nasdaq. She is a weekly investment expert guest on Tokyo’s #1 Investment TV Show. She has been featured in The Wall Street Journal, TIME Magazine, CNN, Forbes, The Street, and numerous other publications. Kiana’s book "Invest Diva's Guide to Making Money in Forex" was picked by McGraw-Hill only two years after she first moved to the US, and was an immediate domestic and international success. At a young age, she has won numerous awards including Best Financial Education Provider at Shanghai Forex Expo in 2014, New York Business Women of Influence Honoree in 2015, and Pro Bono Humanitarian Award by IA Bar Association in 2013. Born and raised in Iran to a Jewish family as a religious minority, she was awarded a scholarship from the Japanese government to study Electrical Engineering in Japan, where she obtained two degrees in Electrical Engineering and researched on Quantum Physics in classes conducted in the Japanese language. Being the only girl and foreigner in her classes made her decide to dedicate her life to empowering minorities, especially women in male dominated industries. As the CEO of Invest Diva, Kiana’s goal is to empower and educate women to grow their wealth by investing like a ROCK STAR.

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