April 21, 2019

Meet our 2 Core Advisors to the Project – DEXTF Protocol –

Marco Cora, CFA — Protocol Advisor

An enlightened financial technologist eager to upend the status quo from the core. Marco has 15+ years experience in the financial industry. He started off as an investment banker at UBS and soon enough he decided to venture into quant trading, where he painfully experienced setting up a hedge fund during the financial crisis in 2007–2008. Currently he is CEO of the APAC office of one of the top 300 Asset Management firms globally, AZ Athenaeum, part of Azimut Group which has $60 billion in AUM. He invests in startups and is director of numerous businesses around the world. Marco is a CFA® charterholder.

Marco is also part of the investment committee of AZ Sestante, an entity entirely owned by Azimut Group, focused in offering expertise in various asset classes backed by 100+ investment professionals.

Marco busy presenting at the Italian Chamber of Commerce in Singapore

He is an early investor in blockchain-based assets and has a contagious passion for the world-changing opportunities that blockchain can offer. A belief backed by real-world events. Particularly, his experience as a CDS quant trader in Depfa Bank, has played a huge role in shaping his investment philosophy as much as his views on the future trends of where the asset management industry is stretching out to. Depfa Bank, was an asset management firm focused on large infrastructure projects, owned by Hypo Real Estate, the second largest commercial property lender in Germany. Although it catered also to the public sector, due to liquidity problems in the wake of the financial crisis in 2007–2008, the firm was bailed out and subsequently nationalized by the German government. Liquidity problems mainly stemmed from assets being tied up to the US market. As opposed to what we can observe from blockchain-based assets that enable an internationalization and therefore a dispersion of “nationalization” risks, which in crypto terms is equivalent to centralizing a previously decentralized network.

Marco obtained a degree in Economics of New Technology and International Markets from Bocconi University (Milan, Italy) and later earned a Msc degree (Dean’s Honor List) in Quantitative Finance from the same university.

How will the protocol benefit from his contribution?

Marco is the spiritual and intellectual commander of our well-planned analytical mission to integrate and transform what the asset management industry is traditionally known today to a geographically agnostic and compliant protocol able to hold future generations’ wealth. DEXTF can draw benefits from the perfect combination of Marco’s both practical and theoretical knowledge in management, quant trading, fund management and applied mathematics.

Wonderful crypto event organized by the forward-looking Italian Chamber of Commerce in Singapore

Filippo Fanin, CFA — Coordinator Advisor

A renowned F&B executive with over 10+ years experience in managing a holding company which owns several successful restaurants around South East Asia. Filippo is a CFA® charterholder.

Filippo is currently the CEO of Brotzeit® Pte Ltd, owner of the Brotzeit® Brand.

Marco (left), Nicola (center), Filippo (right)

His unique management style has led Brotzeit to maintain and grow its sales to over SGD 40 million in an all-Asian flavored competitive F&B market. International growth plans are underway to include the United States and a pipeline of over 10 stores to position the German-cuisine brand to be globally recognized. Filippo is an extremely passionate team builder, who recognizes and rewards the eclectic tastes of his patrons by consistently upgrading his approach to give a sense of novelty and a refreshing experience every time you visit one of their restaurants around Asia.

He regularly invests in technology startups and never backs down from providing a hands-on contribution where his expertise is in demand.

Filippo obtained a degree in Economics from Bocconi University (Milan, Italy) and later earned a Msc degree in Economics and Social Sciences from the same university.

How will the protocol benefit from his contribution?

Filippo is a skillful negotiator and talented manager who has experienced the ups and downs when it comes to building a venture from the nitty-gritty. The reality is that there are more similarities between a restaurant business and a technology startup than you might think. Each store, can be considered as a startup, bound to fail when the guesstimate around the regional taste is too far off from the equilibrium but also too similar to competitor’s offerings. The restaurant business is a reputation business just as much as an asset management firm. As he has heralded the digitization of the F&B industry, Filippo is keen to be a key enabler of the imminent phase of transformation that the deeply inefficient asset management industry has to undergo.

Published at Sun, 21 Apr 2019 08:09:03 +0000

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November 11, 2018

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July 22, 2017

Bitcoin Price Analysis: Recent Bull Run Calls for a Level Head

Over the course of three days, BTC-USD managed to climb $1,100 in value — a near 60 percent growth. Shortly after reaching a local high in the mid $2,900s, it immediately retraced down to the mid $2,700s where, at the time of this article, it is currently sitting. Is this price growth sustainable? Is there more bull left in this rally? I’ll attempt to break down this recent market move from both sides of the fence and show why investors should or shouldn’t be wary of a move of this magnitude.

Full disclosure: This analysis will not attempt to speculate on the value implications within this ongoing scaling debate. This will be an objective, raw analysis of the data at hand.

Figure 1: BTC-USD, 12-hr Candles, Bitfinex, Macro Bull Run

If we put this entire bull run into perspective, we see that upon the completion of the Head and Shoulders Reversal Pattern, the market retraced down to the 50 percent Fibonacci Retracement values before ultimately bouncing and immediately climbing toward the previous all-time high.

At the moment, BTC-USD has yet to see any significant pullback from its latest move to justify any semblance of considerably strong support. The importance of establishing support levels is crucial for a sustained, healthy bull run. A support level sends out a signal to investors that basically says, “Hey, the market is not likely to drop below ‘x’ value — your risk is lowered by buying at ‘y’ price.”

However, without these firm support levels, investors don’t know where the price currently stands in the grand scheme of the market. Thus, uncertainty can be injected into the market even in times of strong bull rallies. This uncertainty often leads to early profit taking, panic selling and long-position capitulation (also known as a “long squeeze”).

To play devil’s advocate, one can make an argument for a bullish continuation of yesterday’s massive bull run:

Figure 2: BTC-USD, 30-min Candles, Bitfinex, Price Consolidation

If we take the current trend out of the context of the entire market, it would appear to display characteristics of a bullish continuation pattern known as a “Bull Pennant.” Bull Pennants are characterized by having lower highs, higher lows and decreasing volume along the length of the pennant. A pennant of this magnitude would have a price target somewhere around $3,400. (For the sake of time, I won’t explain why that’s the price target. You’ll just have to take my word for it.)

However, when we put the Bull Pennant into the context of the entire market, we see signs of market divergence starting to form on the higher timescales:

Figure 3: BTC-USD, 4-hr Candles, Bitfinex, Bearish Divergence

On the 4-hr MACD, we see bearish divergence during the market move to $2,900. Divergence is an indication that the market has begun to lose momentum and is likely to pull back before any more uptrending will continue.

In regard to a bullish continuation of this rally, something to keep an eye out for are the tests of the key Fibonacci Retracement values shown in Figure 1. A retest and strong rejection of the Fibonacci lines will show strong market confidence in the eyes of investors who are currently sitting on the sidelines. Before any sustained, healthy uptrend resumes, the market will have to prove itself at the lower values to establish firm support.

During massive rallies it’s important to always keep in mind that large price movements often come with a large cost. It is still unclear what the immediate future of BTC-USD will be, but it’s important to remain levelheaded when entering trades and always look at the market objectively.

Summary:

Over three days, the BTC-USD market gained 60 percent in value.
No firm support has been established to justify remaining at this price level.
Because there is no firm support, volume is beginning to taper off while the market decides the next direction to head to next.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

The post Bitcoin Price Analysis: Recent Bull Run Calls for a Level Head appeared first on Bitcoin Magazine.

April 28, 2019

Thailand’s ban on crypto was always meant to be a temporary solution, says Thai SEC’s FinTech Director

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