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Photo Credit: setle.io

Banks buy stake in SETL

Citi has bought stake in a blockchain startup SETL. The announcement came 3 weeks after the French bank became a minority shareholder. Other investors include, Computershare, Deloitte, and S2iEM another banking company.

Peter Randall, SETL's CEO

"We are pleased to announce that we have extended our shareholder register with both new and existing partners and have agreed the scope of a number of revenue generating projects,"

The startup aims to facilitate movement of cash and other assets between multiple parties using the startup's IZNES record keeping.

https://setl.io

https://www.coindesk.com/banks-buy-stakes-blockchain-startup-setl/

Photo Credit: fm.cnbc.com

Reminder From Vitalik Coins could Flatline

"If you're trying to figure out where to store your life savings, traditional assets are still your safest bet," Ethereum founder Vitalik Buterin said.

I know most of you are smarter than this here.. But it's always a healthy reminder not to trust twitter, instead look at official sites and verify multiple ways to make sure the sites haven't been compromised if fishy things are popping up. Nothing on the internet is safe, check everything multiple times, including before sending funds.
Two things,

1. Crypto can flatline, risk only what you can, and do risk management in new coins
2. Exchanges are still not safe, use risk management and only put what you need on them- when you need.
3. Your dollars are your voting power at what chain can do what. Investment is more than just 'making money' it's also giving power. Give power to coins you believe in.

https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

Crypto fastest growing means of donation

As I posted the other day, the smartest way for taxes in Crypto is to donate gains.
Fidelity, has announced the global charity has received $69 millions in cryptocurrency since 2017 which makes it the fastest growing accepted asset.
The Bitcoin and Ether donations came from 169 donors, which is an average of $408,284.24 per donator. I'm sure, that there were a few whales in there tipping the scales here a bit.

Vice President Amy Prizollo said

"It is one of the fastest growing assets that we are seeing wanting to be contributed to charity. Many people who own bitcoin or other forms of cryptocurrency do want to be philanthropic."

This isn't a surprise, as it's the smartest way to deal with taxes currently from Capital Gains on assets.

Look into charities! Spend your tax money smartly ;)

https://www.coindesk.com/bitcoin-crypto-69-million-2017-fidelity-charitable/