New Samsung Galaxy S10 Includes Cryptocurrency Key Storage
21 February 2019
Quarterly Investor Report - September 2023
11 October 2023
Thank you to those investors who attended the Crossgate Capital Annual Shareholder meeting on the 26th September 2023. In this report, we will cover some of the main talking points at the meeting, discuss BlackRock’s recent venture into the cryptocurrency market and review a number of crypto assets on our watchlist. While Bitcoin may currently have the headlines, during the quarter we review the performance of Chainlink, Tron and Ripple.
Report of the Finance and Expenditure Committee - Aug 2023
21 August 2023
In New Zealand, the Finance and Expenditure Committee has conducted an inquiry into the current and future nature, impact, and risks of cryptocurrencies, and recommends that the Government take note of and consider each of the following recommendations made by the independent advisers. In regards to policy settings the committee recommends that the Government adopt policy settings to encourage developments in digital assets and blockchain in New Zealand.
Quarterly Investor Report - June 2023
19 July 2023
Over the last decade, the world of cryptocurrencies has seen amazing development and innovation. Governments and regulatory bodies are attempting to build comprehensive frameworks to oversee the usage of digital assets as they gain popularity and general acceptance. The EU recently passed MICA (Markets in Crypto-assets). The package aims to support innovation and the uptake of new financial technologies while providing for an appropriate level of consumer and investor protection.
Quarterly Investor Report - March 2023
19 April 2023
In April, the Ethereum Shanghai upgrade was the final step in Ethereum’s transition from a proof of work (PoW) consensus mechanism to a less energy-intensive proof of stake (PoS) consensus mechanism. We also we take a deep dive into the development of the Bitcoin Lightning Network, which runs on top of the Bitcoin blockchain and pencil in the dates for the next Litecoin halving and Bitcoin halving, which is also known as “the halvening".
Quarterly Investor Report - December 2022
18 January 2023
Prior years saw a number of assets secure approval which expanded our portfolio. Assets such as Polakdot, Aave, Compound and Chainlink all made the grade. The watchlist during 2022 included a number of assets such as Solana, Polygon, Avalanche, Decentraland, The Sandbox, Axie Infinity, Chiliz, Fantom and Enjin Coin.
Building Your Portfolio One Step At A Time
27 December 2022
With Crossgate Capital you can make one-off investments and you also have the option of setting up a regular investment on a fortnight or monthly basis. Our automatic reinvestment option continues to prove popular as an increasing number of investors elect to use this feature. Regular investing makes it easier to achieve your investment goals with less time and effort and allows dollar-cost averaging into the market.
Quarterly Investor Report - September 2022
19 October 2022
One of the reasons why we only invest in the more mature stable cryptocurrencies is that during a crypto winter they have the ability to make progress during volatile times. In September, Ethereum transitioned to Proof-of-Stake (PoS) marking a significant milestone in a multi year long effort to increase the efficiency and scalability of the network. Also in September, the Vasil Hard Fork upgrade of the Cardano Blockchain completed its first phase.
Quarterly Investor Report - June 2022
20 July 2022
Some of today's leading crypto projects were born during the 2018 "crypto winter." Our objective is to invest in projects which not only will survive bear markets but use this downturn productively and continue on their development path. During these period's, there is less noise to distract you from project development with the aim of enhancing scalability, user experience and other characteristics which can deliver long term success
PayPal Now Offers Cryptocurrency Transfers
7 June 2022
Customers who transfer their crypto into PayPal can extend the utility of their crypto. They will instantaneously take the crypto and translate it in to fiat which can be used at one of their millions of merchants. Paypal reported that they are signalling their commitment to responsible innovation and expanding the accessibility and utility of digital currencies while fully complying with regulatory guidelines and best practices.
Gucci To Begin Accepting Cryptocurrencies As Payment
8 May 2022
As reported by the NZ Herald, luxury fashion lovers will soon be able to shop in Gucci stores with cryptocurrency.The announcement comes as the retailer seeks to tap into the younger market and establish trust with those who have taken to buying, selling and holding digital currencies.
Quarterly Investor Report - March 2022
21 April 2022
This year the stand out performer in our portfolio has been Ethereum. Investors await a massive upgrade that will change its infrastructure. In what’s called the “merge,” Ethereum plans to shift from a proof-of-work model to proof of stake. Though the timeline isn’t confirmed yet, developers predict that the merge may happen this year.
Janet Yellen Speech On Digital Assets
7 April 2022
U.S. Treasury Secretary Janet Yellen speech noted that crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. Referencing the onset of the Internet in the early 1990s as an analogy for crypto, Yellen said while digital assets may be relatively new, they are part of the larger trend of the digitization of finance that has been in the making for decades.
United Stated Executive Order On Crypto
10 March 2022
Biden's order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on "the future of money" and the role cryptocurrencies will play. As reported by Reuters, analysts view the long-awaited executive order as an acknowledgement of the growing importance of cryptocurrencies and their potential consequences for the U.S. and global financial systems.
Mastercard Expands Consulting Dedicated To Crypto
15 February 2022
The business world is facing an influx of innovation: changing consumer preferences, rapid digital transformation and geopolitical shifts. To help businesses evolve and supercharge their growth enterprise-wide, Mastercard announced that it is expanding its preeminent payments-focused consulting service with new practices dedicated to crypto.
Quarterly Investor Report - Dec 2021
20 January 2022
Our performance has benefitted from investing in a well constructed diversified portfolio as opposed to investing in just one cryptocurrency, such as Bitcoin or Ethereum. While Bitcoin and Ethereum form a core part of our portfolio we have greater breadth by investing across 12 leading cryptocurrencies, which provides us exposure to different segments of this asset class such as DeFi.
The 2021 NFT Market Explained
7 December 2021
The 2021 Chainalysis NFT Market report has just been released. Non-fungible tokens (NFTs) have skyrocketed in popularity over the last year. Chainalysis reports that so far in 2021, users have sent at least USD $26.9 billion worth of cryptocurrency to ERC-721 and ERC-1155 contracts, the two types of Ethereum smart contracts associated with NFT marketplaces and collections.
Trends in Cryptocurrency Adoption and Usage
2 November 2021
The 2021 Chainalysis Global Crypto Adoption Index has just been released. This marks the second iteration to measure grassroots cryptocurrency adoption around the globe, after a year of huge growth for cryptocurrency markets and increased attention for the industry. The goal of the index is to provide an objective measure of which countries have the highest levels of cryptocurrency adoption
Whānau Āwhina Plunket Innovates with Crypto
26 October 2021
Whānau Āwhina Plunket, which provides Aotearoa’s largest support service for tamariki under five and their whānau, is trialling cryptocurrency donations as it seeks to innovate and supplement the more traditional sources of donations, some of which have been impacted by the ongoing pandemic.