Can You Actually Invest in Cryptocurrency? 2 1503

You’ve probably read in the news how Bitcoin recently set an all-time high in value of over $7,000 per bitcoin when just a year ago each one was worth less than $1,000. Or you may have seen stories about certain cryptocurrencies increasing over 20 times in value in this year alone. To the typical investor, this may seem like the wild west and be entirely intimidating, which can lead many everyday people to avoid the cryptocurrency market because of the volatility and difficulty in entering it in the first place.

For instance, if you stop 100 people on the street and ask them how to buy a bitcoin, probably less than 5% of them would be able to tell you how it’s done. And you’ll get a lot of conjecture from the rest. So then, how are casual investors and people who don’t have computer science degrees supposed to invest in a market that is undeniably hot and producing returns?

Well, the folks over at Vaultbank think they have a solution.

Getting into the market

The act of purchasing a cryptocurrency can involve multiple steps, different websites, long wait times for deposits, and some anxiety over the validity of the groups you’re using. But that’s because there are so many exchanges selling coins at varying prices and there are hundreds of different coins that the typical investor wouldn’t recognize.

Additionally, you’re hoping that the returns we’ve been seeing in the cryptocurrency space will continue to happen. But what about more conventional, stable investments? There are a few less risky investments that you can make with cryptocurrency that can still pay great dividends.

To reduce these barriers and offer a more secure investment, Vaultbank has teamed up with Ambisafe to create a secure and simple trading terminal and exchange called Vaultbank Exchange, with industry low fees. This technology could change the cryptocurrency world as it makes investing in ICOs easier, more cost efficient, and faster than ever.

Vaultbank will be ICOing a new token, Vaultbank Token, that will act as an investment in their entire business and fund. 80% of the ICO funds raised will be invested in a secured loan portfolio, fueling the quarterly dividends. This will be the first asset-backed token to pay quarterly dividends. Vaultbank’s portfolio managers and Board of Directors have over 100 years of combined banking and investment management experience. Vaultbank, through its token, will also be creating liquidity while delivering hedge fund returns, but with no minimum investment. The Vaultbank Executives and Board Members experience include BlackRock, Portfolio Financial Servicing Corporation, GE Capital, Bank of America to name a few on the finance end; combined with successful ventures in Blockchain businesses including Ambisafe, and worldwide payment solutions including Gyft and Volopa debit MasterCard.

Accessing Funds

As I mentioned above, a problem that isn’t unique to cryptocurrency, is the access to your invested funds quickly and easily. Most funds require a lot of paperwork and time to allow you access to your money, and in some cases, high fees for early withdrawal penalties. This then forces most people to have a delineation with their money: their liquid assets and their illiquid assets. But Vaultbank thinks there shouldn’t be a separation.

Using blockchain technology and a distributed ledger, Vaultbank will provide a debit MasterCard that will give immediate access to the invested funds whenever the investor wants to access them. Just to note here, there are some accredited investor requirements that may affect this access in certain jurisdictions. But this means most people will now be able to experience the yields of a hedge fund but with the convenience of a checking account. Meaning, for the first time ever, an asset backed security will be able to be used as a tender for everyday purchases.

And because the blockchain expedites and improves on almost every aspect of portfolio management, the excessive and high fees that are typical in the investment world will be significantly lowered for their users.

So yes, investing in cryptocurrency is possible and it doesn’t have to be as daunting as it seems. Who wouldn’t want an asset backed cryptocurrency which is professionally managed and offers quarterly dividends and token price appreciation? If you’re interested, you can check out Vaultbank’s ICO that’s starting on December 5th. You can find out more about it on their website.

This article was originally published on The Huffington Post on November 3, 2017.

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Starting her career on Wall Street at just 19 years old, Danielle went on to be one of the youngest equity traders in the industry. After a successful career in Financial Planning, she went on to found her media company What Vibes Your Tribe, which connects the worlds of digital marketing and public relations. Her experience in brand strategy along with successfully developing the thought leadership of C -level executives has played an integral part in her client's achieving prestigious awards such as Inc 500, Forbes Next Billion Dollar Startup, Entrepreneur 360 among other top level recognition.

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How a Thief Stole More Than $1M in NFTs on Instagram Comments Off on How a Thief Stole More Than $1M in NFTs on Instagram 405

A common use case for the blockchain is reducing fraud. Shouldn’t that mean it’s impervious to hackers? Not necessarily. Here’s how a hacker was able to amass more than $1 million in stolen Bored Ape Yacht Club NFTs.

For any of us that have received a nefarious link in our emails or on social media that encourages us to input private information, we’re already familiar with the logistics of phishing. A hacker sends us a link, usually under the guise of a brand or person we recognize, and asks for personal details like usernames, passwords, or bank details that aid them in assuming our identity or assets. 

It’s precisely what happened in the case of the Bored Ape Yacht Club hack which was announced on Twitter Monday morning. 

A hacker was able to take charge of the official Bored Ape Yacht Club Instagram profile, and sent a communication to followers claiming to be offering an “airdrop,” which is a term used to describe a free token giveaway. (Note: it’s not clear at this time how the hacker was able to login to the official Instagram, in the first place.)

Users were asked to link their wallet to benefit from the airdrop, which made their mobile wallet susceptible to the hacker and resulted in the transfer of multiple NFTs, presumably including four Bored Apes and a number of other NFTs minted by the Bored Apes creators, Yuga Labs.

The hack illuminates a glaring problem in the NFT market. Namely, MetaMask, the popular wallet application, only supports NFT display on mobile which is less user-friendly than the platform’s browser extension leading to mistaken transaction approvals.

What’s the solution for NFT holders? “MetaMask with Ledger,” according to Adryenn Ashley. “NFT holders need a wallet that gives them the ease of MetaMask with the security of hardware.”

The hack is a reminder that even though the blockchain has the potential to overcome fraud, users still need to be mindful of third party applications that manage their data. 

Serial Entrepreneur Lisa Carmen Wang Launches the Bad Bitch Empire Comments Off on Serial Entrepreneur Lisa Carmen Wang Launches the Bad Bitch Empire 565

While cryptocurrency has a notorious reputation for investment volatility, its adoption has marked one of the most significant shifts in wealth of our generation.  Last year, CBS reported that as many as 100,000 people may have amassed millions in bitcoin with many profiting from early adoption of the high profile cryptocurrency. When you zoom into where the wealth is distributed, though, the data is alarming. 

Recently, Entrepreneur published a list of The 50 Richest People in Crypto. On the list are individuals that made fortunes as shrewd investors and early technology adopters, but there’s one person that stands out. From this list of men from various parts of the world, Blythe Masters is the only woman listed reflecting a broader problem: women are consistently underrepresented in new technology sectors and the blockchain is no exception.

A survey by Pew Research found that more than 40% of men have invested or traded cryptocurrency, compared with only 19% of women. Moreover, half of women in STEM occupations have experienced workplace discrimination, further marginalizing the group from participation in emerging technologies. Fortunately, there are women actively changing the status quo.

As the founder of SheWorx, which was acquired by Republic in 2019, Lisa Carmen Wang made a career amassing resources for female founders and working to change the number of women represented in tech leadership. Now, she’s set her sights on leveling the playing field for women through financial literacy. 

“It wasn’t until I began investing myself that I really began to understand how to grow wealth,” says Wang. “Financial and investment literacy is essential to giving women a seat at the table, particularly when a sector is emerging and rapidly growing. Crypto is having one of those moments, and women need to capitalize on the opportunity in order to create systemic and meaningful change.”

Wang’s Bad Bitch Empire will be a community with a suite of educational and investment products beginning with a podcast about women breaking barriers and building wealth in Web3. According to the website, the “Bad Bitch Empire is the private crypto investment club for ambitious women who want to make our money work for us.”

High profile members include Lindsey Berg, Shannon Snow, Elizabeth Tan, Chi Achebe, Yael Streit, Katia Zaitsev, and Shaun Sager, to name a few. 

The BAD BITCH EMPIRE was unveiled at this year’s  Bitcoin 2022, the largest conference focused on Bitcoin alongside the podcast’s inaugural episodes. For more information or to request to join visit www.thebadbitchempire.com.

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