Author Archives: David Drake

How Bithumb Listing is Boosting Zcash Cryptocurrency on the Coin Market

by David Drake Will the Bithumb Traction enable Zcash to Compete with Major Cryptocurrencies? Zcash, previously referred to as ‘ZeroCoin’ or ‘Zerocash’, recently got listed on Bithumb as the ninth coin. The move has attracted attention to this private digital currency that came into existence in October, 2016. Prior to its listing on Bithumb, Zcash traded on a virtual asset […]

Can’s Blockchain-backed solution be the next Uber?

by David Drake Starting on the 1st of October of this year, Uber’s license to operate in London has been revoked. The Transport for London (TfL), an authority that regulates private hire and taxi vehicles made the announcement earlier this month. TfL attributed its decision to revoke Uber’s license to the way the company obtains medical certificates, reports criminal offences […]

Top Cryptocurrency Solutions at the 2nd Annual DC Blockchain Conference

Entrepreneurs, finance, and technology professionals, startups, venture capitalists, and investors came together on July 28, 2017 at my alma mater, George Washington University, to take part in the 2nd Annual Blockchain Conference DC. The attendees did not only see the world of Blockchain from the eyes of the experts but were also able to network and shook hands with other […]

The CoinAgenda in Barcelona: All about Digital Money, Cryptocurrencies, and ICO

by David Drake The CoinAgenda Europe conference held at the World Trade Center in Barcelona, Spain from July 16 to 18, 2017 brought together over 200 attendees from North America and Europe to discuss bitcoin and digital currency. The conference organized by Michael Terpin, founder of CoinAgenda, is the first held in Europe exclusively for bitcoin investors to discuss the […]

How LAToken is Turning your Illiquid Assets into Cash using  Digital Tokens

By David Drake Hedge Funds looking at opportunities There are a lot of developments in the initial token offerings globally.  Some of them are pursuing existing businesses for existing clients, such as this company that I started advising. There’s a lot of flurry and news about cryptocurrency and tokenization but it’s very simply explained that it removes middlemen and automates […]

Six Mistakes I’ve Learned through Failure

by David Drake I have failed hundreds of times with startups. From coupon cutting to club promoting, from restaurant services to technology companies, from venture capital funds to hedge funds, you name it and I can tell you where I failed. But I have not stopped trying. In fact, I use the failures I’ve faced in the past 30 years […]

How Family Offices and Angels Invest in Metals and Mining Crowdfunding

  by David Drake Natural resources like minerals and metals are used in all major sectors of a country’s economy. Based on statistics released by the International Council of Mining and Metals (ICCM), an increase in the demand for minerals is witnessed when a country’s urbanization gets to 30 percent and the per capita income is between 5,000 and 10,000 […]

Family Offices 101: How to Catch a Billionaire Client

Family offices and big banks are both chasing after the fortunes of ultra-high net worth individuals (UHNWI), a growing global population. The Knight Frank’s annual Wealth Reportprojects that by 2023, the number of billionaires will rise by 38 percent and the number of UHNWIs by 59 percent. Where does their money come from? Aside from family fortunes handed down to […]

5 Reasons why Hard Money Lenders are attracted to Crowdfunding?

Hard money lenders are small groups of investors or private individuals who lend money to house flippers or real estate developers based on the property they are buying and not their credit score. Such loans can cost up to twice the average mortgage and feature high origination fees. Despite this high cost of borrowing, real estate entrepreneurs can access up […]

Old Tycoons, New Moguls

  by David Drake Although family offices have existed for more than a century, many are unfamiliar with the services they provide, because of the high level of confidentiality their clients demand. While both banks and family offices can provide confidential financial services, family offices are far more personalized and also offer services in areas other than finance. The level […]