BetaKit’s Guide to Elevate Money
Returning for its third year, Elevate is now simply too big for one event guide. So BetaKit has produced a guide to every event and stage taking place across the seven-day festival. You can find a link to each individual guide on our Guide to Elevate 2019 hub page.
ELEVATE MONEY
Where: Design ExchangeWhen: Wednesday, September 25Event Details: click here
It’s no secret that the business of money is changing. Financial services around the world face new challengers, new technology, and shifting regulatory environments that will dictate the future of money for the 21st century.
“I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people.”– Akon
The speed of change poses important questions. Is cryptocurrency the future of currency or an unregulated boondoggle? Is open banking the future of banking or an open door to data privacy abuse? What will banking look like for Gen Z (and will they care)?
Answering those questions might require new leadership. Elevate Money will feature an in-depth conversation with multi-platinum recording artist-turned-entrepreneur, Akon, who will share his plans to build a city in Senegal economically run on cryptocurrency. Similar to his Akon Lighting Africa project, the global icon sees Akoin as an opportunity to leverage new technology for social good.
“I think that blockchain and crypto could be the saviour for Africa in many ways because it brings the power back to the people,” Akon says. “Cryptocurrency and blockchain technology offer a more secure currency that enables people in Africa to advance themselves independent of the government.”
Elevate Money will also highlight Canadian entrepreneurs making money moves, featuring fireside chats with Michael Katchen, co-founder and CEO of Wealthsimple, and Ted Livingston, founder and CEO of Kik. While one CEO is laying groundwork for an IPO, the other is facing a legal battle with the SEC over the 2017 ICO of its Kin cryptocurrency. Both will speak to the two most important levers driving their businesses today: trust and value.
“What we sell at the end of the day is trust,” Katchen told BetaKit following the close of the company’s recent $100 million financing round. “That is the hardest part of the business we’re in.”
Elevate Money is the perfect Elevate stage for FinTech startups looking to disrupt the incumbents, incumbents looking to stave off disruption, and crypto and digital currency enthusiasts.
Click here or use the code “ELEVATELOVESBETAKIT” to purchase your Elevate 2019 tickets at a 20% discount.
BetaKit is an Elevate media partner.
Cryptocurrency Investing 101: How To Invest In Cryptocurrency
The Cryptocurrency, being new to many investors, is still tricky to invest in. Many factors like volatility of the market, emerging technology, lack of knowledge on how to invest, and more are the reasons why many traditional investors hesitate to invest in crypto projects.
To give such investors assurance, we have come up with a short investment guide.
Before investing in the cryptocurrency, you need to first understand the fundamentals of crypto assets. Gaining the fundamental information about the digital coins can help you decide the right cryptocurrency and the crypto project.
It is best to do background research on the project you are going to invest in. Acquire knowledge about the purpose of the cryptocurrency, how long it has been in the crypto market, its underlying technology, and more. A cryptocurrency is more trustworthy if it is in the market from quite a while. Additionally, keep an eye on the cryptocurrency’s market capitalization.
You need to figure out whether your trades will be short term, long term, or somewhere in between. This is a crucial decision as it will affect the amount of money you’ll place in your investments. If you’re up for the short term investment, then you should keep the market trends, the mentality of the investor, and the culture driving the market in mind.
If you’re in the market for the long run, then start gaining knowledge about market indicators, technical analysis, general tech news, forthcoming market-moving events, and more. Even if you are investing for short term, do remember that crypto market can make someone rich in a matter of hours, but it has made a big hole in the pockets of many investors looking to make quick money.
Panic selling is a big ‘No,’ especially if you are investing for the short term.
Crypto market is far more volatile than any other investment options. Additionally, the prices keep changing 24 hours a day since the market remains open all the time. So, if you are investing for a short time, you need to have a close watch on the stats of at least 4–5 coins, and be ready to sell or buy any of them.
The coin you are investing in should have wide acceptance. This will determine the options you would have for trading when the time is right. If you are investing in a new coin, dive deep in the project and its whitepaper to understand the future adoption potential of the coin.
It is true that the more you research, the more you would be comfortable in investing. However, to begin with, go with the top 5 coins, including Bitcoin, Ethereum, Litecoin, and more. Then, keep researching more and follow projects. When you are very sure about a project, invest. Another right way is to invest in an intermediate coin like PlatonCoin, that lets you buy other cryptocurrencies with ease.
The above-given pointers can help you to start your journey in the crypto-verse. To sum it up, it is always crucial to know the A-Z’s of the cryptocurrency and crypto market to increase your chances of making a profit. Invest only the money that you are willing to lose.
Platon Finance has come up with — Platon Club, a comprehensive crypto education platform. The club members will have access to complete and reliable crypto information and signals. Platon Finance believes that crypto education can lead to faster crypto adoption. It has been recently awarded as the ‘The Best Fintech Product’ at Zug Summit 2019.
Revealed: the 20 best funds of the 21st century
A lot can happen in 20 years. In the past two decades, investors have waded through a global financial crisis, seen the advent of cryptocurrency and weathered the boom and bust of technology companies.
And that’s before mentioning Brexit, the euro debt crisis and the rise of China.
But while since the start of the century there have been ups and downs, and bull and bear markets, some actively managed funds have performed well.
Investors who have remained in the £1.4bn Marlborough Special Situations fund for the past two decades have enjoyed the best performance, with returns of 1,205%, according to figures from the research firm FundCalibre. If you had invested £1,000 in the fund, your money would now be worth £12,055 after fees. Some
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