The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Revised Pendulum roadmap from 15th June looks good and could tie in very nicely with crypto market recovery.
@ragnarr
if only we could see the "green shoots" that you are highlighting, in the actual Blue Star stock price.
@Gazzle
agree entirely.
can only suggest that all shareholders on here schedule a call with Tony Fabrizi to see if he can get our errant investees to get a wriggle on, its beyond tedious !!
And now wisdom tree join the party- cannot emphasise how significant this is all is for the digital asset space
https://bitcoinmagazine.com/markets/wisdomtree-files-application-for-spot-bitcoin-etf
Slug - I understand wheels are in motion.
Surprised pendulum haven’t gone for a listing on a bigger exchange than mexc as of yet
More crypto adoption from the establishment
https://www.marketwatch.com/story/new-crypto-exchange-edx-backed-by-citadel-securities-fidelity-schwab-starts-operation-47ce868f
Https://finbold.com/1-4-trillion-banking-giant-deutsche-bank-files-for-crypto-custody-license/
Deutsche Bank more than just rumour
A couple of big developments (imo) in the crypto space. Blackrock Largest US asset manager) has applied to SEC for licence to offer offer a spot bitcoin ETF, and subsequently it is rumoured that Fidelity (No 3) are following suit, and today rumours abound that Deutsche Bank are joining the party - Institutional participation is the next phase of digital asset adoption in my view. Slowly but surely.
https://www.ft.com/content/49963916-572b-4591-8bb6-7efd06ec0961
https://cryptoslate.com/fidelity-rumored-to-make-seismic-crypto-move-soon/
Its all still very pedestrian here
Dynastys dilatory actions not helping anyone... BLU included
Would be surprised if there is any substantive news before Q4
NtD - you say Satoshipay are delivering now.... are they? Does the share price reflect the fact that they are delivering? Price action says otherwise
Taken from September 28th 2022 RNS
'For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. Accordingly, the Board intends to focus its attention and resources on supporting its two core investee companies and does not anticipate making any new investments for the foreseeable future.'
We are almost 9 months into the 18 month period of investments to materially increase and we are basically in the same position still.
I might have to ask santa for some of rose tinted glasses so I can join this dystopia world which some shareholders are clearly in where things are all sugar and spice and all things nice
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House
https://www.coindesk.com/policy/2023/06/19/uk-crypto-stablecoin-laws-approved-by-parliaments-upper-house/
Hi Blu,
Whilst I am broadly in agreement with your synopsis below, I would differentiate somewhat Dynasty and Satoshi. Dynasty were looking to IPO but since then the market went to pot for tech - I believe they are simply waiting for recovery and in the meantime growing the business via deals - whether the pace of growth is slower as a result of no IPO funds I dont know - but, tbh i would be okay with this if they just said it - "IPO market changed, we think it will be better in H1 2024" or some such.
Satoshi is deliveringnow, the shake up of positions did seem to have an impact, its just at what point does commercial success factor in, and do they have the right team to sell their product?
I never added Satoshi in my valuations but had itas a wild card but Dynasty lack of comms is very annoying - if they are doing well then just let us know.
Unfortunately this has become a shelved share for me - but that could change any day with the right news. Personally speaking, still too much potential for me to sell and move on.
GLA
NtD
@bobsson
it doesn't look like anything !!
no guarantees, no valuations, as of yet !!
TF powerless, getting the valuation independently is his only move, which in fairness to him , he has taken.
Dynasty and satoshipay happy to continue at their own pace, namely snails pace.
Satoshipay 7 years and counting, 4 Years since last valuation, how do they gauge metrics, most companies like an idea of what they are worth to ascertain growth, prospects and progress.. not satoshipay it would seem.
Dynasty 4 Years and counting. this is the real puzzle, the podcast of q4 2021 alluded to great things, management in place and knowing their market ( tick) , looking to IPO Q1 /2022 (tick) ... so what went wrong ?
basically BLU is "adrift" at this time and after all this time.
2023 looks like being at least 3 quarters with zero progress, lots of other stocks have doubled and trebled ion the last 6 months, sadly your money would have performed better in the bank thank with BLU.
Looks like it could be a Merry Christmas (2023).
Https://medium.com/pendulum-chain/roadmap-refresh-pendulum-amplitude-june-2023-updates-ec0327ddaa5b
Dave
only thing i can suggest is that you schedule a call with Tony Fabrizi.
it is beyond a joke here and rather death by a thousand cuts
we did expect TF to get a little more done by now but of course he can not demand anything from the investees, blue star neither have a seat on the Dynasty or satoshipay board, an oversight at time of investment methinks.
Yeah it's so frustrating.
We are 9 months down the road from Tony's trading update where I'm sure he mentioned he was eager to get some sort of valuations to shareholders.
Just becomes tiring having no communication whatsoever, but here we are.
I feel your pain Dave. Over 12 Months now and thought I would have seen a great return. My regret is not selling more on the last decent rise, but I was worried about 'news any time now' lol I'd have 2 x the shares for the same money with how low it's gone.
Come on guys, give us a little here FGS.
Surely we must be close to getting something from Dynasty.
Feels like it's been years we've been waiting for valuations......
Tedious
For info a new branch repository to Enkrypt has been created within the Pendulum GitHub account which likely means Enkrypt is being integrated with Pendulum/Amplitude. Enkrypt is a multichain crypto wallet
https://www.enkrypt.com/
Sorry..in US Congress,not HOL
Https://www.congress.gov/event/118th-congress/house-event/116085?s=2&r=25
Https://pendulum-chain.medium.com/meet-meinhard-benn-one-of-the-originators-of-pendulum-3677dabd286a