🇪🇺 Crypto Weekly Updates #13: HedgeGuard
HedgeGuard, SwissBorg, TokenAnalyst, Skew, Binance GBP, Bitstamp, EU Gov etc...
|Etienne Brunet||Jul 21, 2019|| 3|
This is the #13 issue of my European crypto newsletter aiming to give updates on corporates, startups and regulation in 🇪🇺
Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed lights on Europe and show how exciting the ecosystem is.
Note, if you are looking to hire, share news or want to sponsor a newsletter please email me at firstname.lastname@example.org - we are 1,000+ and growing.
Etienne ( You can always contact me at: Twitter, email@example.com)
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🙈Who’s behind this?
This section aims to give the opportunity to introduce some of the best 🇪🇺 founders. Most people loves their products but don’t know who are the founders behind them. Hello World.
Hi Christophe, HedgeGuard was launched back in 2006 and today it is the first portfolio management system for both traditional and cryptocurrency hedge funds. Can you share a bit about your background?
] HedgeGuard has been building Portfolio Management Systems (PMS) for the buyside (hedge funds, asset managers and family offices) for over a decade now. In 2011, we expanded our offering to include an outsourced Middle Office service that combines with our PMS.
I joined HedgeGuard three years ago to head up their UK office as well as their Global Business Development team. Previously, I managed a trading team at Millennium in London and was the co-founder of a Macro hedge fund, also based in London. I started my career in the derivatives teams of Société Générale and Deutsche Bank.
How did you get into the bitcoin and blockchain industry?
From a trader’s perspective, I developed an interest in cryptocurrencies as it presented high levels of volatility and interesting trading opportunities. As a firm we moved into the crypto space just over two years ago. In what was at the time, and still is, a nascent crypto fund industry, HedgeGuard was approached by portfolio managers that required an institutional grade solution to manage their funds. We worked closely with them to build a solution that met their crypto specific requirements and today we are the only firm that offers a combined institutional level Portfolio and Execution Management System for crypto investors.
Tell us a bit more about the team behind HedgeGuard. Are you hiring?
The culture at HedgeGuard stems very much from the hedge fund industry. The firm’s founder, Imad Warde, previously worked at Rothschild where he helped build their internal multi-strategy hedge fund. Other members of the team also share a background in asset management where they have worked in various capacities. The team is a mixture of experienced individuals and dynamic youth, as well as being culturally diverse. Our headquarters are in Paris and we also have offices in London and the Middle East.
We’ve witnessed strong growth this year and are currently hiring across product specialist, developer and sales roles.
💵 Job of the week
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🐦 Tweet of the week
Lots of Bitcoin were transferred out of BitMex after the recent CFTC investigation news…
But it has not (yet) impacted the BitMex order book depth. Let’s see how long the liquidity holds…
Binance Jersey, the European subsidiary of Binance, on Friday has announced that listing of British pound-backed Binance GBP Stablecoin (BGBP) on the platform. With this listing, the cryptocurrency exchange is aiming to provide more trading options to its clients spread across Europe [Source]
The US subsidiary of Bitstamp, one of the largest crypto platforms in Europe, has appointed Caitlin Barnett as its new chief compliance officer. She joins the firm from rival Gemini [Source] Note, Bistamp has made its Bitcoin lightning network node public and shared information on the technology [Source]
Steve Wozniak, co-founder of American tech giant Apple, has invested in a new blockchain-based company headquartered in Malta. Wozniak is now the co-founder of energy efficiency company Efforce, providing a blockchain-based platform focused on investing in energy efficiency, with its stated goal “to be recognized as the first and main platform in the world for tokenized energy savings.” [Source]
The good people at B2C2 recently wrote an article on Macro economics [Source] Max, the CEO and Founder, had written previously about crypto capital markets and still today represents one of the most insightful post one can read on this topic [Source]
Bitcoin Suisse, a crypto-broker and pioneer of Switzerland’s “Crypto Valley,” has taken anticipatory steps to comply with a “maturing” regulatory environment, by applying for a banking license with Swiss Financial Markets Supervision Authority (FINMA), as well as a security dealer’s license, mandated by the Stock Exchange and Securities Trading Act [Source]
🏦Regulations / Universities
France is poised to approve initial coin offerings (ICO) operators and other crypto businesses with its new regulatory approach to the sector. It will enable crypto-related businesses to voluntarily submit themselves to national standards on capital requirements, consumer protection and taxation in return for the regulator’s green light [Source]
President of the Deutsche Bundesbank, Jens Weidmann argued that global regulators should not suppress the Libra project in its infancy, adding that digital currencies can be attractive to consumers in the event that they deliver on their promise. However, a range of other policymakers do not share Weidmann’s view on Libra, with French finance minister Bruno Le Maire saying that the G7 “cannot accept private companies issuing their own currencies without democratic control.” [Source]
The Israeli authorities have charged Eliyahu Gigi, a 31-year old Tel Aviv resident, for stealing around $1.7m in several cryptocurrencies under the suspicion of stealing cryptocurrency through a phishing scheme [Source]
Dmitri Vasilev, the former CEO the now defunct crypto exchange WEX, was arrested Friday in Italy, the BBC’s Russian Service. WEX was launched in 2017 as a successor of also defunct exchange BTC-e, whose alleged operator, Alexander Vinnik was arrested in 2017 in Greece and now facing extradition to the U.S., France or Russia [Source]
No new funding this week. Instead, have a look at the awesome panel about Crypto Derivatives and Exchange Traded Products at CryptoCompare and moderated by the one and only Julien from XBTO