Coinscrum Institutional Seminars on Feb 11th 2020 - London

NovitasFTCL, Ledger, Bitpanda, new hires at Gemini and Binance, Localcryptos.com, Julius Baer, Protonmail banned and much more

Hi Everyone, Thank you for supporting the European crypto ecosystem 🇪🇺.

If you are bored of digital assets, read my deep-dive on the vintage watch market. A $50bn+ primary market, $20bn secondary (growing 10%+ YoY) and a $4bn+ online market. There are loads of similarities between digital assets and vintage watch.

I am looking to connect with someone at Bitpanda. Let me know if you can help!

Etienne Twitter, etienne@blockwyre.com)

ps: don’t hesitate to send me an email if you enjoy this newsletter, Always great to have feedback :)


💡Thank you NovitasFTCL for supporting the 🇪🇺 Ecosystem

We want to thank our partner NovitasFTCL, a leading boutique firm of corporate finance advisors to the European Financial Technology sector. 

Based in London, NovitasFTCL has 45+ years of combined experience in the FinTech sector and executed over 120 transactions across Europe including M&As and Fundraisings. 

Do not hesitate to contact me if you want an introduction. 

🕵️‍♂️Coinscrum Institutional Seminars on Feb 11th - Key information

  • Few months ago, Paul and I had an idea to create a curated seminar series for institutional market participants.

  • The feedback from most of my former portfolio companies was that most day-long conferences feel somewhat like corporate tourism get-aways. Participants are here to enjoy a day off. No one really listen to the talks on stage (which are often very basic with no real content), no one really is able to meet new people and even if you do, you end up having five minutes chat and agree to meet another time. Not a great ROI.

  • Rather to start ‘another event series’, Coinscrum Institutional is focused on building a community. Every participant and every sponsor are vetted by Paul and myself. We want to keep the event within reasonable size so that people can meet others, listen to insightful presentations and do business. All in one evening.

  • We are about 10 days from the first event and we would like to thank all of our sponsors including Trustology, CryptoCompare, Mercury Digital Assets, Bitstamp, OKEX, LMAX Digital and an anonymous backer. Beyond sponsoring an event, you are making it possible to foster a community in London. Thank you!

  • We are also very excited in having Charles McGarraugh (Head of Institutional Markets at Blockchain.com), Oliver von Landsberg-Sadie (Founder & CEO at BCB Group), Richard Crook Founder at (LAB577 & Former Head of Emerging Tech at RBS), Cameron Dickie (Head of Sales EMEA) at B2C2 among our speakers!

  • Thank you for all the vetted participants joining us. We are also very impressed by the quality of attendees.

  • In terms of PR, we did very little marketing and are very much over-subscribed. Hence, it is very important that you applied and got a confirmation email. Otherwise, we won’t be able to welcome you.

  • We are already thinking about the next seminar later in March and other community-based events. If you are interested just email me. 2020 will be an exciting year!

  • / (la) fin

🐦 Tweets of the week

Brexit happened. The UK is officially exiting the European Union. Ledger and Bitpanda had both witty marketing efforts…

🤹 Startups News

  • It’s getting harder and harder to cash out without KYC-ing away your identity. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade, which leaves what exactly? Localcryptos.com What’s more, the platform utilizes noncustodial escrow, favoring smart contracts for ETH transactions and P2WSH for bitcoin. At no point are your funds custodied sitting on a centralized server [Source]

  • If you are trading options, Deribit is the place to be with 86% of market share… very impressive and based in Europe…

  • Crypto exchange and custodian Gemini has hired former Circle compliance head, Blair Halliday, as its chief compliance officer and money-laundering reporting officer [Source]

  • Crypto exchange Binance has hired former Huobi executive Josh Goodbody for leading growth in Europe and Latin America [Source] - Josh is the best! Congrats!

🎁 Startups Product & Partnership

  • Blockchain.com launched a full banking integration for Turkish Lira (TRY) to create a native payment gateway for users to deposit and withdraw Lira on its trading platform. With this development users in Turkey no longer have to incur high fees and conversion rates from third-party payment processors. Turkish traders have consistently been one of the most active countries on the company’s exchange since it launched last Summer [Source]

  • Coinbase is expanding its institutional custody business via the launch of a new unit based in Ireland, the cryptocurrency exchange announced on Wednesday [Source]

  • Investment platform CurioInvest and digital assets exchange MERJ have tied up to offer tokens backed by rare and luxury cars, including Ferrari [Source]

  • Chainalysis just published a report on cyber crime, and in particular, crimes involving cryptocurrencies. The report said that 1.1% of all global cryptocurrency activity for the year 2019 were of criminal nature. This 1.1% is equal to about $11 Billion USD. The majority of crimes involved pertain to terrorism financing and darknet markets. Next, stolen funds, these three make up for the vast majority of the illicit money streams. Scams, sanction evasion, and ransomware aren’t even visible on these charts [Source]

  • Great post by B2C2 on The Illusion of the Chinese Miracle Economy and Blockchain’s Dark Side [Link]

Regardless of whether he is successful, China’s blockchain will likely also be harnessed to surveil the proletariat. After so many years of financial repression, social credit scores coupled with blockchain-enabled personal financial histories look poised to be effective in quashing dissidents. Xi may indeed be able to maintain the social stability he seeks, but the introduction of a state blockchain represents a further erosion in Chinese civil liberties.

🏭Corporates

  • Bank Frick, an European blockchain bank, has expanded its range of cryptocurrencies for which it offers trading and custodian services. Bank Frick now offers trading and secure custody of bitcoin cash for professional market participants and wealthy private clients. Trading takes place within the fully regulated environment of the bank [Source]

  • Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA. Julius Baer has extended its service range to include consolidated portfolio overviews across conventional and digital assets. It will also provide clients with access to a group of cryptocurrencies [Source]

🏦Regulations / Universities

  • Zermatt, a municipality in Switzerland at the foot of the Matterhorn known for its ski resort, has started accepting bitcoin for government services. The Zermatt town hall now has a point-of-sale solution, installed by Zug-based Bitcoin Suisse, to accept the cryptocurrency. News.Bitcoin.com reached out to Zermatt for more information [Source]

  • Protonmail has been banned in Russia after a recent barrage of false threatening messages being sent from Protonmail email addresses. The emails had been sent to schools, hospitals, and courts and threatened bombings [Source]

  • Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks [Source]

💰Fundings & M&A

  • The venture arm of the world's most profitable company Saudi Aramco has invested $5 million in blockchain-based oil trading platform Vakt [Source]


About the author: Etienne used to head principal strategic investment (Companies, Funds and token investment) at Elwood, One of the largest European digital assets investment firm spun off of Brevan Howard, billion-dollar Macro Hedge fund. Previously, he was part of the founding team at the largest Capital Markets Venture Fund in London, Illuminate Financial.