Man, looking at the comments it's crazy to me that hn's knowledge of a $3T industry hasn't evolved at all in 7 years. For those not in the know, Bridge, the stablecoin partner here, was just purchased by Stripe for $1.1B because they see future cost savings from using stablecoins for global remittances and forex.
It's cool to have some skepticism, but update your beliefs. Scams and illicit transactions in crypto are actually smaller by proportion in all crypto than in USD or other fiat currencies at .3% last year.
This looks like just a secure enclave that you can deposit any crypto onto, so whether you trust the manufacturer of your smart card or credit card or not is up to you. Seems like there are easier ways to run a crypto scam, imo
A crypto security firm says that crypto is safer now and we are all supposed to believe it?
Also stablecoins like USDT which is supposed to be backed with USD but has never had an external auditor look at its books are somehow the solution here?
There is a reason crypto is looked at skeptically.
Why would a crypto security firm be incentivized to tell people there is LESS crime? They want to sell MORE services for hunting down criminals. They are the de facto FBI enforcement arm. If you don't believe them, check the FBI's official numbers:
Tether has public audited reports from BDO Italia S.p.A, the fifth largest independent firm globally, which are made available directly on their website.
For any of you founders and future execs out there, please remember that a startup is a marathon, not a race. You need to take care of yourself and your co-founders, especially when your industry is imploding and you have every reason to doubt yourselves and your choices.
The SEC and Congress still have yet to make clear rules and guidelines for web3, opting instead for a program of legislation by enforcement that has left judges confused, as they remand the commission to submit to formal rule-making processes. Despite this, we’ve been working hard on this latest product release because we believe it is truly a better paradigm for the future of finance, data ownership, and network resilience.
It has been a trial and a triumph to see our first rebalances on-chain, and we hope that some of you will benefit from the fruits of our hard labors. We are, to the best of our knowledge, breaking new ground by assisting retail with their MPC wallets with full automation capabilities. Please sign up today and take advantage of the offering.
* Being registered as an investment adviser does not imply a certain level of skill or training. This is not investment advice, nor an offer to buy or sell securities. Assets are not SIPC or FDIC insured. Investing involves risk, including loss of principal, and digital assets may not be suitable for all investors. For risks pertaining to MPC wallets, see relevant disclosures in form ADV-2A.
Multi-party computation is an exciting new technology that allows individuals to cooperate in signing cryptocurrency network transactions without any one party knowing all the information necessary to create a valid transaction. If you imagine there's a vault that holds your money, and you need two unique keys to open the vault, then MPC would be like giving each key to different people so they both have to agree to remove money from the vault.
In the case of this MPC wallet, the client holds a copy of both keys, so they can open the vault and sign transactions whenever they want. But Hedgehog and Capsule each only get one copy of one key, so they are not able to sign transactions individually; both parties are needed to reach the signing threshold.
The Hedgehog app enables users to open up their own on-chain MPC wallet, connect their existing exchange accounts via API, onramp or offramp funds, and automate their portfolio on any connected venue at their convenience, all without revealing their private keys! That means we can save you time, quickly add new tokens, search out alpha, and optimize risk for your unique tolerances
# Something for everyone
With the launch of these on-chain wallets, we're opening up a whole new universe of assets and strategies that fit each client’s suitability profile and preferences. Most notably, Hedgehog has teamed up with [OpenEden](https://openeden.com) to provide a Fixed Income stack for eligible clients, featuring access to TBILL tokens.
A first foray into Real-World Assets (“RWAs”), TBILL tokens represent a claim on a regulated US Treasury Bill fund, tokenized and offered on the Ethereum and Arbitrum networks—that's on-chain AAA-rated debt. Businesses and accredited individuals both can confidently self-custody their own TBILL, while tokens are redeemable for USDC 24/7.
Given the collapse of several regional banks in 2023, TBILL is a convenient way to diversify corporate cash reserves or personal cash deposits, while still receiving competitive yields.
All our usual asset baskets remain available for both custodial and non-custodial wallets, whether that's trusted indices from CoinDesk or FTSE Russell, or the standard Hedgehog stacks.
Every stack is fully customizable, from the asset list to individual allocations, even the strategy that determines your investment criteria. Our dream is to offer tunable and automatic yield farming, airdrop farming, fraud prevention, transaction forgiveness, one-click checkout experiences, and more.
# The next billion wallets
Web3 is complex enough without having to figure out where to store your tokens or how to get the best prices. For investors who are looking to dip a toe into the world of digital assets, and for institutions looking to keep up with the new generations that increasingly hold their wealth on-chain, Hedgehog is a novel solution for making web3 accessible and easy to manage. All you have to do is download the app, and a piece of the new world wide web can be yours.
The above material and content should not be considered to be a recommendation to invest in any Stack or individual digital asset. Investing in digital assets or cryptocurrency (collectively “digital assets”) is highly speculative and volatile, and digital assets are only suitable for investors who are willing to bear the risk of loss and experience sharp drawdowns.
The materials available are educational only and not investment or tax advice.
Past performance does not guarantee future results and the likelihood of investment outcomes are hypothetical in nature. Any past performance in the above material of digital assets do not represent the performance of any Hedgehog’s customer and does not reflect the deduction of any Hedgehog fees or fees charged by exchanges used to process transactions.
Investments in digital assets are: Not FDIC or SIPC Insured • Not Bank Guaranteed • May Lose Value
Before investing, consider your investment objectives and Hedgehog’s fees and expenses
Hey @hboon, we don't yet have direct wallet integration or deep links, but it's in the roadmap. We'd like to integrate walletconnect.org, walletlink.org, metamask, or similar.
Currently, adding wallets to Hedgehog lets you add a public address that can be scraped for transactions and balances, or an api key if the wallet is an exchange.
It turns out that illicit activity has dropped precipitously as a proportion of all cryptocurrency volume, and in reality proportionally less money is spent on crime with crypto than world fiat (0.34% in crypto via Chainalysis vs 2-5% in fiat via United Nations). On a pure cash basis, it's not even close ($10 billion in crypto, $1.6 - $4 trillion in fiat).
We definitely encourage you to check out our Discover page (https://live.hedgehog.app/discover), because the space has evolved a lot since 2014. From storage coins like Filecoin, Sia, and Storj; to oracles/prediction markets like Augur, Gnosis, and Chainlink; to cross-chain shims like ThorChain, Ark, or Polkadot.
We might be in the peak of inflated expectations, and the trough of disillusionment could be just ahead, but that doesn't mean that the plateau of productivity isn't right around the corner.
Thanks @bibz38, we don't currently support trading bots through our API, but we will add it to our list of feature requests.
Also, we do not charge any fees for helping you trade on your own exchanges. Once we have the appropriate licenses, we will offer custodial accounts with us where we make money by keeping a piece of the "bid-ask spread", ie when we connect you to the best price anywhere, we can find a price so good that we can keep a small percentage of the sale and still give you a better price than you'd find on your own.
In order to provide trade forwarding to your custodial exchange, we must send the necessary transaction request data back to your exchange, which is why the privacy policy says we share transactions with third parties.
We do not sell transaction or balance data to anyone, for marketing purposes or otherwise, nor do we tag this data with Personally Identifying Information.
We're only a week into the official batch, which has been packed full of bootcamp classes on sales, marketing, analytics, product development, and fundraising, but the additional resources have been incredible. Various deals with former YC companies and other major service providers have already saved us a lot of money, and access to Work at a Startup helped us scale up our team very quickly. We're excited to see what else we'll learn over the next couple months with our group partners and our fellow founders.
In terms of future roadmap, we're looking at:
- Layer 2 contracts and additional wallet providers' balance synchronization
- A custodial wallet providing best execution on any exchange
- Automatic rebalancing, yield optimization, and tax-loss harvesting under an investment adviser license and money transmitter licenses
- Smart contract marketplaces and fiduciary, discretionary execution
Sonya got introduced to us through a mutual friend actually! We're completely stoked to have her working with us. :)
Blockfolio has a subset of our functionality, but they have no intention to move into the advising space. Once we have our licenses, we plan to take full advantage of the different opportunities made possible by cryptocurrency and make these technologies more accessible to the average person.
https://fortune.com/crypto/2024/10/22/stripe-announces-1-1-b...
It's cool to have some skepticism, but update your beliefs. Scams and illicit transactions in crypto are actually smaller by proportion in all crypto than in USD or other fiat currencies at .3% last year.
https://www.chainalysis.com/blog/2024-crypto-crime-report-in...
This looks like just a secure enclave that you can deposit any crypto onto, so whether you trust the manufacturer of your smart card or credit card or not is up to you. Seems like there are easier ways to run a crypto scam, imo