Tag: investing

A growing number of individuals are moving their investments to self-directed individual retirement accounts in the hopes of building a better “nest egg” for their retirement. In doing so, however, they might be putting their funds in jeopardy, according to August 13, 2018 reports from the SEC. The Booming IRA Industry According to the executive director of the Retirement Industry…

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Former Australian international cricket captain, Michael Clarke, has become embroiled in a spot of controversy after he publicly endorsed an ICO for Global Tech, a new Australian cryptocurrency exchange. Since he posted the tweet on August 8, 2018, several displeased fans have responded negatively, with a notable hedge fund manager referencing a recent Australian cricket cheating controversy as something that…

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The US Securities Exchange Commission (SEC) released an official document on August 7, 2018, which outlined their decision to defer the listing and trading of a Bitcoin exchange-traded fund (ETF) until September 30. SEC Delay a Major blow to Cryptocurrency Enthusiasts An ETF is a form of investment that tracks the performance of a basket of assets or a given…

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Vinny Lingham, the CEO of Civic Key and well respected crypto investor, has said on the Venture Stories podcast that the actual value of most cryptocurrencies is likely lower than their listed prices. Problem is Liquidity Since early 2018, experts in the cryptocurrency sector have questioned the volume of major digital asset exchanges and the illegitimate practices used by many…

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This summer has been packed with blockchain and cryptocurrency conferences. As the financial industries continuously evolve, the public’s understanding of this innovative technology must evolve as well. Blockchain may not benefit your personal business at the moment, but there are so many ways the technology is being implemented across society. There is no reason to fall behind and risk your…

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Mike Novogratz’s crypto bank is finally set to start trading on the TSX Venture Exchange from August 1, 2018. The trading will commence through Galaxy Digital Holding Ltd. under GLXY ticker. Novogratz is confident that his venture will hit profit in Q2, 2019. Canadian Regulators: Slow, but Sure Novogratz expressed his frustrations over the Canadian regulators. It almost took the…

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A 2017 study by the Bank of Canada was updated by the central bank in July 2018.  As a part of the Bitcoin Omnibus Survey (BTCOS), the study provides insights on the public’s purchase reasons for and overall awareness towards cryptocurrencies. Exploring Bitcoin Awareness Rates The BTCOS study was earlier conducted in December 2017, at a time when Bitcoin and…

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Ethereum dropped 36 percent this year, causing major crypto investors to actively bet against the second-largest crypto platform. According to a report released by Tetras Capital, they see Ethereum as the central currency through which excesses in the decentralization community have developed. Tetras Capital is a crypto hedge fund which began shorting ether in May of 2018. At that point,…

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The Maltese government continues its bid to attract cryptocurrency investors to Malta, this time by entering into a joint venture with digital asset exchange, OKEx. On July 19, 2018, an official statement on OKEx’s blog confirmed that the exchange has partnered with Malta Stock Exchange Holdings. The Memorandum of Understanding (MoU) between the two parties was signed in Valletta, Malta….

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Koinex Loop is a p2p token transaction network by Koinex, one of India’s leading exchanges. After the enforcement of RBI’s directive for banks to not engage with cryptocurrency firms, Indian users desperately needed more options for buying and selling cryptocurrencies. Loop comes to the rescue and is branded as a peer-to-peer trading facilitator. Koinex Loop (Source: Loop) To begin using…

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